The evening world., 1908-12-08

u 0nllnuth rum Il'SN ''s |
over them one of the chicf Ventures
of this control should be securing en-
tire publicity in all matters which lhe
puolic has a right to know; ana, Iur-
th.rmore. the power not 10y judlc'ah
nut by executive action, to prevent or
but stop to every form of improper
Tavoritism or other NronGdoinS
"The railways of the country should
be put completely under the Interstate
Commerce Commission ana removed
from the domain of the antitrust law
The power of the Commission should be
made thoroughgoing. SO that 1t could
exercise complete supervision and con-
troll over the issue of securities as well
ms over the raising and lowering Of
rates As regards rates, at least, this
bower should he summary. The power
TO investigate the financial operations
and accounts of the railways has been
one of the most valuable features in
recent legislation. Power to make com
bnations and traffic agreements should
be explicitly conferred upon the rail-
roads. the permi ssion of the Commission
being first gained and the combination
or agreement being published in all its
"details.
Interests Must Be Guarded.
1.-THE shareholders. the employees and
the shippers all have interests that
must be guarded. 1t is to the interest
of all of them that no swindlng stock
speculation should be allowed. and that
there should he no improper issuance
of securities. The guiding inteilisences
Necessary fer tie successful building
and successful management OF railroads
should receive ample remuneration; hut
no man should he allowed Ia make
money in connection With railroads out
of fraudulent over-ca pitali2ation and
kindred stock; gambling performances;
there must he no defraUGing o! in
cestcrs, oppro ssion Of the farmers and
business men who ship freight or cal
lous disregard OF the rights and needs
of tile employees
In addition TO this the interests of
The shareholders. OF the employees. and
of the shippers should all be guarded as
against one another. To give any one
Of them undue and improper cons!GerI-
lion is TO do injustice to the. others.
Rates must be made as low as IS COM
HaiIbi' WEN S4N4ilS pa tl'A '''N'r a. ~ go
The employees of the railroad, from the
highest to the lowest. and proper re-
turns to the shareholders: hut they
must not. for instance. he REDUCED in
such fashion as to necessitate = cut in
Inc wages OF the employees or the
abolition of the proper and Legitimate
profits of honest shareholders"
Telegraph and Telephones.
"This is taken by politicians rs
veiled smash against the railroad man
ayers, who, just before the last cam.
paign, announced that they would have
to increase rates or reduce wages. The
President takes occasion here to re-
iterate his impre1Eion that telegraph
and telephone companies engaged in
interstate business should be placed
under the jurisdiction of the Interstate
Commerce Commission.
lie puts the whole matter UP to the
people, advising them to bring about
lie conditions ne advocates through the
Election OF representatives pledged to
Them. Continuing along this line lie
tRys:
Those who advocate proper control on
behalf OF the public, through the state,
of these great corporations, and of he
wealth engaged on a giant scale in bCs-
ness operations, must eyer keep II mind
that unless they do scrupUious justice 10
the corporation. unless they permit
ample profit and cordially encourage
e capable men of business 50 long as they
act with honesty, they are striking at
the root OF our national well-being; for
in the long run. under the mere pressure