Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1908-02-12
Would Squeeze Out Water

\ -, u' "s'ei
me interstate commerce commission
shouid De provided with the means to
''ahe Pnysicni Vainn'lpn OF any road
IN 10 Whleh II deema tins valuation nee.
cssary. IN some form the federal gov
erhihent should exercise supervision
over the hnanclal operations OF our in
tefstate railroads. In no other way can
Justiee Dc done between the private
owners OF those properties and the pub,
nc wnich pay their charges. When once
an ihllated capitalization has gone upon
the market and has become fixed in
.aiue, It's existence must be recognized.
AS pfaetlcal matter IT IS then often
! apsoiutelS necessary to take account of
the thousahus Oh innocent stockholders
VINO nave purchased their stock in gooo
ial'h. Inc usual result of such intia-
| tion IS, theSefofe, to impose upon the
faS Will; l u fha inma pu. etelias.lng
,Ta stooi. IL ysen. BUSINESSES OF
fan, s,,aa,,1n 'o ieu quo oniy u
.,,,,,,,rl -, az oenen.eu. 9uca
~, J;s;",,I.'. ~, ,li.s i' can
be nro,antaa ,,;th 80. ~, my can
t;oa 'i anu WIN JUS
..,vho, ,;..
r.;,u,a,.s -, IT,. u 'h.erstaVe
go IL - !. ooaa'n government. sane
nv =, nv iose. poss,oie LOT
hand. - IN W issue s.och OF
tha fnd 90 ~ WV ,',a.ihei hPploNeu by
Wv az soNeiti'iehI' "heh that gov
of 49,, ' s.ai. SUI enaI .ne proceeds
H. ;,,,,,u $50 a"o ' .,' issue 90 INTO
W. W. ,i,l a,;ah % sne properly ana
ou a.. -, So'io iuuisiu.ti
VI ~ "u, mne"' whenever IL pe'
III, aat;a 90 Suiuanoe III 'he reg
nh , "s uai,a ae 'ne government ., the
- a.. ,. 49,. " one VI ,nese prop
.homa =, W. ai;.... anu h.aue Known
ei..;.; :" ~ ei i from raiiIoad
I'LL "a -, ~. III, =, - uneei,a,.ty
~. 'enus 10 .heni .he!r speculative
- ~ ~ e. a. m'i.In a.' eon..'ou.eu llluch
pust.
Must Be Just to Roads
az think that the federal aovernrert
must also assume n certain ,noasnra nf
control over tle nbvs;col onerat;o, -
railways in the handling al interstate
traffic. The commission now has onthor.
| ity 10 establish through routes and
| Joint rates In order 10 make MS nro.
vision effective and in order 10 nromoto
| in times of necessity tbo nro,ar ,nq,,a.
ment of traffic ib;nl, Il ,nust ale,
| hive onthoritv tn determine tho cnnl;.
tions unon which cors shall ha ;,,tar
changed hetwean different ;n,.,stoto
railways.
1T il oIso urnbah,a that tbe oon,,,;,
sion should have authority in n,rt;en.
lar Instances ia Jetnrm;nc ,ba scbaduIo
mon which ner;sh,hIo oomn,oa;t;.s
shall he moved >
Hove foJlows :, raoommo,ao.;o, .h..
RAILWAYS bc neroittoI ~ fnrm tras,;o
,sson;at;ons "a .aroo ,,,,,,n r.to, "a 49, ,n.s
uI,tions ana rafnranna Il ,,o5. - e.,
Nor rocom,nend.t;ons regarJ;ns, tba tn,,
sween;ny nrov;sions Of tIa Shar,an a yo
II .trnst Ion, which sbani.l Ia ,'',aa..a,
o,a amrlif;ad
fai's '''ocA 1''ilplihg.
- do not know whether it is pos
sinle, but II possible 1T is certainly de-
nres r. rs " s+net w.+ mr;m MEAS aa',
nyeroan;+ oI;gation tbora sbo,Ia ha a a"u
ure. t,,,a, ia nra,ont a. ,ons. ~.
eraser forms If r,amhl;no IN sanmr;t t"e
and cnmmndi+ies sneh nc mol. M, ,arss
saIos Of VIVA, n,en 10 nnt nnssas, 'a "a
.corno,;ro, mo m,r,,at Is,i,;, n,o ,' a"u
ch,sns nf com,nol;t;os .nd 81 .+aai,, 20 ,,,,
secprit;es For inyest ,nnnt hava ,a . ',,u
nection whatever yith nnrch,soy af
stocks or ntbor sec,, ,;ov nr ean,,no5;
,;ss an mar,in f"r sneen,o.;na ' on,
e,on,,,l;,n n,,rnnsos Thara 10 ~ .'n
3;rernncs betwoon ,.mbIin,, ~. oo.a,
nv IN lotter;es ar n, tha -aca +rao,, "a
g,,nhli,,t in IN. stooi, m.rkot o.
,nettoI - ins. nc nernie;ons 70 ~. ,,od,,
nn,;t;c ms Inc otbar in hind and in 5a
gree The evil worked ;s far uraatar emt
Il 10 +, far more a;ff;cr,t snI,ioo+ n,;tr
which to deal. The great bulk of the
business transacted on the exchanges is
not only legitimate. but is necessary to
tho WORKING OF our modern industrial
system. and extreme care would have
~ .aNin ''S aa;"n s'aS.e Win th.s
sbneket.shop, tyne Of oneratiop
A4.,,,,s ..o;,,, Dos.
ihciose neIe"a'n statement is-
sued by the chiet OF the bureau OF cor
Potatlons IN answer 10 certain state
ihents twiiich 4 asso ihciose) MADE ny
ana ON penail OF the agents OF the
Standard oii eotpora1ioh ana a letter
Oh inc attorney general containing an
answer 10 certain statements, also IN
Closed, maze by ehe pfesident OF the
santa ~, re haiiway company. me stand
ara vi corporation ana the railway
company nave po1t peeh FOUND guilty
ny 'ne courts Oh crimihal misconduct;
eotii nave zen sehtehcea 10 pay neaVy
lhes, ana e.eh mas issued ana punished
oloaucast .nese s."tehel.s' asserting
thelr innocence ana announcing as I'M,
proper the ACTON OF me courts ana
Juries III eoiNie.ihs 'heli u gum. lhese
STATEMENTS are very c'apora'e' are very
| ingenious and are very untruthful in
| important particulars
| Here follow letters illustrating the
methods of high officials of the Santa
Fe and the Standard Oil companies;
cat ,;o, H., y,i,,;.,
,u, :, 4'
me attacks by these great corpora
| .iohs on the administration $ actions
nave peen given a wide circulation
| throughout the country, IN the newspa-
pers ana othefwlse, by those writers