Daily capital journal. (Salem, Oregon) 1903-1919, 1908-09-09


fers the only plan that can adapt It
self to indefinite extension.
State to Control.
There is no twilight zone betweer
the nation and the state in which tn,
exploiting In this can take refug,
from both. There is no neutra
ground where, beyond the jurlsdIc.
tion OF either sovereignty, the plum
derers OF the public can ind safe
refuge. As long as a corporation
confines its activities to the state in
which II was created. II Is subject 10
state regulation only; but as soon ms
II invades Interstate commerce Il be.
comes amenable to federal laws as
well as TO the laws OF the state which
created II and the laws OF the states
In which II does business.
How strict can these laws be7
Just as strict as may be necessary
for the protection OF the public.
Our platform outlines the regulation
deemed necessary and the regula-
ton specifically set forth in order
that our opponents may not be able
TO scare the public By predicting
hurtful legislation. Our platform.
unlike the Republican platform. say.
what II means and means only what
II says.
"A distinction II drawn between
the railroads and other corporations.
The railroad. being quasi-public
corporation and. as such, being per-
mitted to exercise part OF the SOW
ereIgnty OF the state. Is subject 20
regulation at the hands OF both the
nation and the state. but this regula-
tion Is intended. not TO cripple the
railroads but 10 increase their EN-
cheney. The people az large are ms
much interested as the stockholderr
are In the successful operation OF
the railroads. Their own pecuniary |
Interests as we'll as their sense of |
Justice would restrain them from
doing anything that would impair |
The road or reduce It's efficiency The
travelling public Is vitality Interested
In the payment OF wages sufficient 20
the most intelligent serv-
Ice for life. as we'll as property. Is
In the hands OF those who operat-
The trains. guard the switches and
keep the track In repair
Dincrmce Betwecn Corporations.
"The Democratic party would dis
iingnish between those railroad own
,rs, directors and managers who.
recognizing their obligations 90 the
public, earn their salaries by con
'cientions devotion 60 the work en-.
rusted To them. and those unseru-
'ulous "Napoleons OF finance" who
ise railroads as mere pawns In a
treat gambling game without regard
% the rights OF employees or TO the
interest OF the patrons. II IL In the
interest OF honest rallroadlng and
legitimate investment that the Dem
'cratie party seeks 10 ascertain the
present value OF the railroad proper
les and 10 prevent for the future the
watering OF stock and the issue OF
fictitious capitalization; and Il Il In
he interest of both the railroads aud
he public that II seeks only such
eductions In transportation rates as
an be made without deterioration In
he service and without Injustice 10
egltimate investments. The Demo-
rattle party insists that IN the mat
or OF regulation OF railroads both
he state governments ana the fed
raj government shall set up TO. and
~ within. their powers; for moth
ng else will relieve the confidence
nd good will that ought 20 exist
etween the railroads and the peo-
le.
IN dealing with manufacturing 4
nd trading corporations the Demo \
rattle party declares distinction 9
etween those corporations :
hey constitute the great majority OF !
i the manufacturing and trading |
'rporations--which are engaged Ia I
legitimate EFFORT 60 supply what 5
le consumers need. and the very 4
~ corporations which are sesklng /,
y s.ansnlannal... ...aA.a =. .NI