The Washington times., 1908-02-12
RAYNER SCORES PRESIDENT,
SAYS REMEDY FOR EVILS
UNLAWFUL, UNPRACTlCABLE
lContlnued from Is Page.l

Il has terrified every manufacturing in
dustry in the land. because il provides
upon its face that II a single child is
employed In a mandatory all the vast
products Of the establishment produced
by adult labor may be excluded from
the channels Of interstate commerce
Take the capitalization of railroads
/ have no objection whatever to this
plan. bit after the capitalization then
"hat VIII you do with your innocent
stoCAhrsders and bOndholders? How
VIII yOJ separate and distinguish the
water issued from the lawful capital ?
what can the Federal Government do
with those who have honestly and in
nOcenLiy acquired their investments? It
can terrify them, and that is about all
that it has done
The President in his last MESA &c
says that before an investment Is made
he purchaser should inquire into the
management Of the road. What a rev.
cry and dream this is How is il
possible for a trustee. acting for his
wards IN clanoery, or for anyone else,
10 conduct an investigation into the
management Of the great trunk line
systems Of the United States?
The diagnosis Of the President is per
feCtly correct, but in most OF the in
stances he cites his remedies are dkther
unlawful or Impractical From the vIo-
lent feTvOr Of his utJerances, there Is
=
mind that he has come to the Conclu-
sion that every man engaged in a large
business enterprise is a maIefaCtOr and
that every good citizen OF the land
ought 10 spend at least one term in the
penitCntiary-
Il am with him as a destroyer against
every Infamous combination that IS
plundeTinE the American people when
ever the law permits it. and now.
speaking for myself alone, and I wish
/ could re-echO the voice OF my party
upon this subject. 1 am against him
whenever he proposes to subvert the
rights Of the States and invoke the
Federal authority what will not stand
the test Of judicial decision, proposals
that have simply the effect Of intimidat-
ing the people and depreciaLing invest
ments.
They have undoubtedly had their
effect, because / assert from my own
knowledge and experience that men to-
Gay VINO are in the pursuit Of honest
and legitimate vacations are possessed
OF constant fear that some new vol
canic disturbance emanating from the
laboratory of the Presidents prolific mind
may take place at any time-between
the dawn OF the morning and the setting
OF the sUn-that will make the bulwarks
OF prosperity quake and tremble and
paralyze the business industries Of the
country"
Touching the currency question proper,
4lr. RdyncT said.
There Is no country in the world that
iieH % Tar 6G dLl uncovered currency as
we have in the United States. We have
q larger uncovered paper currency than
Great Britain, France, and Germany
combined Besides this, we must bear
In mind that we have over 1900, 060 900
ia silver and silver certificates and
United States notes covered by only
Sl56.000,0G1 Of gold I look. therefore
with a great degree OF distrust upon any
plan TO expand our note issues and in
crease OIIr circulating medium
I'VE will never have any permanent
relief until We strike at the root of the
evil and reform our entire banking
system from its foundation in the in
terests Of the American people against
the special interests. who. under our
present laws exercise a controlling in
fiuenCe with the banks and the Treas
ury of the United States"