Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1908-03-26

| hibit the issue OF any more wateret
stock or fictitious capitalization. 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 reasonable re
turn on the present value OF the roads
such reasonable return being de
fined as a return sufficient to keep the
stock Of the roads at par when such
roads are honestly capitalized.
The Injury done by issues Of wa
tered stock is more clearly seen and
better understood since the shrinkage
in the market value Of such stock has
precipitated a widespread panic and
brought enormous loss to the coun-
/ try.
The present financial stringency
furnishes additional proof that the Re-
publican leaders are either unwilling
or incompetent to protect the inter.
ests OF the general public
We favor the postal savings bank
and. in addition thereto. insist upon
the passage OF laws. state and nation
al. for the better regulations OF banks
and for the protection OF bank de-
posits The government demands Sc
curity when II deposits public money
In bank. and we believe that the Sc
curity OF the individual depositor who
intrusts his earnings to a bank should
hA ne hA
curity.
We oppose both the Aldrich bill
and the Fowler bill, and believe that.
insofar as the needs of commerce re-
quire an emergency currency. such
currency should he issued and con-
trolled by the federal government, and
that IL should be loaned upon adequate
security and at n rate OF interest
which will compel its retirement
when the emergency Is passed.
We demand. further, that favoritism
in the deposit Of treasury funds shall
be abolished and that surplus rev.
enues shall be deposited at competi-
tive rates upon sufficient security and
fairly distributed throughout the coun-
try.
We favor the eight hour day.
We believe in the Cancellation Of
capital and labor and favor every le-
Ultimate means for the adjustment
of disputes between corporate employ
ers and their employees. to the end
tina. justice may be done to those who
toll and society may be relieved from
the embarrassment occasioned by pro-
lOnged strikes and lockputs.
We favor such modification of the
law relating to iniunctions as will.
first. prevent the issuing OF the writ
in Industrial disputes except after no
tice TO defendants and full hearing:
second. permit trial before Judge
writ. and. third. allow a jury to be
summoned in all cases where the al
| legged contempt is committed outside
the presence OF the court.
We favor an employers liability
law. applicable to both private and
public employers.
We favor full protection, by both
national and state governments with
in their respective spheres. Of all for
eigners residing in the United States
under treaty. but we are opposed to
the admission of Asiatic emigrants
who can not be amalgamated with our
population. or whose presence among
us would raise a race issue and in
volve us In diplomatic controversies
with oriental powers, and We demand
stricter enforcement of the immI-
| grafton laws against any immigrant
who advocates assassination as a
means of reforming our government
We welcome Oklahoma TO the sister
hood of states and heartily congratu-
late her upon the suspicious beginning
of a great career.
We favor separate statehood for
Arizona and New Mexico and demand
| for the people OF Porto Rico the full
enjoyment of the rights and privi-
leges of territorial form Of govern
ment.
/ We sympathize with the efforts put
forth for the reclamation of the arid
lanes Of the west and urge the larg-
st possible use of irrigation in the
development of the country. We also
favor the reclamation 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
forestation Of the western plains.
We believe that the Panama canal
will prove Of great value TO our coun-
try and favor its speedy completion.
We urge liberal appropriations for
the improvement and development OF
the interior waterways. believing that
such expenditures will return a large
dividend in lessened cost of transpor.
tatiou.
We favor a generous pension policy,
both as a matter Of Justice To the sur.
viving veterans and their dependents
and because II relieves the country OF
the necessity of maintaining a large
standing army.
We condemn the experiment in Inn
perialism as an inexcusable blunder
which has involved US in an enor-
nous expense. brought us weakness
instead of strength, and laid our ma
ton open TO the charge of abandoning
the fundamental doctrine OF self-gov.
eminent. We favor an immediate dec
iaration of the nations purpose to
recognize the independence OF the
Philippine islands as soon as a stable
government can be established, such
independence to be guaranteed by us
as We guarantee the independence OF
Cuba, until the naturalization OF the
islands can be secured by treaty with
other powers. In recognizing the in
dependence of the Philippines our gov
eminent should retain such land as
may be necessary for coaling stations
| and naval haaas