The Montgomery tribune. (Montgomery City, Mo.) 1892-1910, 1908-07-17

/ ana the NuTlOuS SldlcS slpuiu, hlst, dS-
certain the present value OF railroads
measured by the cost of reproduc-
| ton; second, prohibit the issue of any
more watered stock on fictitious CAPT
| talization: third, prohibit the railroads
from engaging in any business which
brings them into competition with
their shippers, and, fourth, reduce
transportation rates until they reach a
point where they will yield only a rea-
sonable return On the present value Of
the roads, such reasonable return be-
ing defined as return sufficient to keep
| the stock Of the roads at par when
such roads are honestly capitalized.
Postal Savings Banks-We favor
the postal savings bank, and, in addi-
of laws, state and national, for the bet
ter regulation of banks n for the
protection of bank deposits. The gov
eminent demands security when 1t de-
posits public money in a bank, and we
believe that the securing Of the indi-
vidual depositor who intrusts his earn
ings to a bank should be as perfect as
the government security.
Currency-We believe that, in so far
as the needs of commerce require an
emergency currency, such currency
should be issued and controlled by the
federal government, and hat it should
be loaned upon adequate security and
at a rate of interest which will COM
pei its retirement when the emergency
a., mast INa Inp,and furfhnr that
favoritism in the deposit Of treasury
funds shall be abolished and that sur
plus shall be deposited at
competitive rates upon sufficient Sc
curity and fairly distributed through
out the country.
Labor and Arbitration-We favor
the eight-hour day. We believe In the
Cancellation of capital and labor and
favor every legitimate means for the
adjustment of disputes between cor
porate employers and their employees
to the end that justice may be done to
those who toll and that society may be
relieved from the embarrassment &C.
casioned by prolonged strikes and
lockouts.
Iniunctions-We favor such a modi-
fication of the law relating to injunc-
lions as will, first, prevent the issuing
of the writ in industrial disputes, ex-
cept after notice to defendants; Sec
ond, permit trial before a judge other
than the one who issued the writ, and,
all cases where the alleged contempt
is committed outside the presence Of
the court.
Employers LiabiIity-We favor an
employers liability law, applicable to
both private and public employers.
immigration-We favor full protec-
ton by both national and state gov
ernments within their respective
spheres of all foreigners residing in
the United States under treaty, but we
are opposed to the admission Of Asiat-
ic immigrants who cannot be ANAL
gamated with our population or whose
presence among us would raise a race
issue and involve us in diplomatic con
troversies with oriental powers, and
we demand a stricter enforcement of
the immigration laws against any i'm
migrant who advocates assassination
as a means of reforming our govern
ment.
thize with the efforts put forth for
the reclamation of the arid lands OF
the west and urge the largest possible
use of irrigation in the development OF
the country. We also favor the recla'
nation of swamp lands upon the same
principle. We favor the preservation
of the forests still remaining and the
%re-planting of the denuded districts in
all our mountain ranges, as well as the
reforestation of the western plains.
Canal and Water Ways-We believe
that the Panama canal will prove Of
great value to our country and favor
its speedy completion. We urge liber
al appropriations for the improvement
and development of interior waite,
ways, believing that such expenditures
will return a large dividend in les
sened cost of transportation.
Pensions-We favor a generous pen
sion policy. both as a matter Of justice
to the surviving veterans and their de
pendents and because 1t relieves the
country of the necessity of maintain
ing a large standing army.
Phiiippines-We condemn the ex
pertinent in Imperialism as an mex
cusable blunder which has involved III
In an enormous expense, brought III
weakness instead of strength and !ait
: our nation open to the charge of aban
doning the fundamental doctrine o
: self-government. We favor an imme
date declaration of the nations pun
g pose to recognize the independence O
the Philippines as soon as a stabl
government a be established, sucl
: independence to be guaranteed by u
S as we guarantee the independence O
! Cuba until the naturalization of tn
islands can be secured by treaty wit.
g other powers. In recognizing the ir
I d~apapdapna re tho philippipoc our oOx