Los Angeles herald., 1908-06-13
POLITICAL POINTS

The currency commission will not
lack a certain kind of resourcefuiness
with Senator Aldrich, general manager
of the United States, at its head
Boston Herald.
No one can deny that the measure
adopted at the eleventh hour is a
makeshift. and, what is more, a po-
litical makeshift. The Republicans
pulled themselves together at the last
moment under heavy party pressure
for campaign purposes. They had all
but abandoned the subject for the SEES
sion, when shrewd counsels prevailed.
Mr.. Cannon came to the rescue, with
all the experience of his long service
and all the power of the speakership,
and forced an Washington
Star.
When additional currency is put in
circulation il should be done in such
manner that its distribution will not
add to the panic. The country no
longer nee g more money and for this
and many other reasons the Democrats
of the senate might, If they had been
ably led have defeated the proposed
legislation, and it was their duty as
the party of opposition to refuse to
favor legislation of such Importance,
which the party in power had held up
until the last minute and had given
no time for real consderation.--k
Vile Sentinel.
The currency commission provided by
congress has very properly organized
by electing Senator Aldrich as its head.
He is the best man for the part. NO
legislation is near if the long and Lens
urely investigation he proposes is car
ried out Inquiry is needed and for
al IN considered
as we'll as American, but the day has
gone by when prolonged investigation
| is necessary. Action is today more
needed than inquiry and prompt legis-
| lation is more necessary than investi-
CATION extending over three or four
years.-Philadelphia Press.
There is renewed talk of an effort
to nominate Mr.. Roosevelt, for another
term. 1t comes from rich man, on
the West Virginia delegation, declar-
| ing that there is no Taft sentiment in
that state and that he is for Roose-
welt despite his Notwithstanding
ham Ledger.
An advance note showing the direc-
ton some of the opposition to Mr.
| Taft's candidacy for the presidency will
| take is to be found in a pamphlet just
issued by the American Economist, the
official organ of the American Tariff
league, entitled 1.-THE Philippine Men
ace" 1t seeks to show that Mr.. Taft's
proposition to reduce the import duty
on Philippine products would prove
ruinous to the beet sugar and tobacco
| Industries in this country.-Washing
ton Herald.
| Secretary Taft is as emphatic in his
opposition to combinations in restraint
of trade as is the president, although
he appreciates the necessi, for some
perfection of the Sherman antitrust
law. This does not mean, of course
that he regards the civic federation bill
which treats with vaguenesS multi
pIicity of subjects as the ideal form OF
modification OF perfection. He realizes
that some alterations should be made
but he will not yield one iota in his
conviction that the monopolization OF
industries by great combinations should
be checked by legislation and the
proper enforcement of existing laws
New York Tribune.
The currency commission, so-called
which has been authorized to sit DUR
ing the recess of congress, is really nc
more than a joint committee OF the
two houses, and there is little more
reason for expecting definite results
from it than from the standing COM
mittees working separately. 1t is in
no sense an expert commission, as was
contemplated by those who original,
advocated this mode of working out a
scientific plan of currency reform, anc
it is scarcely disguised that its imme-
date purpose is to remove the sub
tect, as far as possible, from pres
! ent political Observation-Disclosures
Ledger.
The provision of the amending act
which will have immediate effect is
that providing for a national none
tary commission" consisting of nine
senator's and nine representatives. That
has already organized with Senator Al
drich as it's chairman and Represen-
tative Vreeland as vice chairman, and
| is laying out plan of preparatory
work for the summer. This immediate
task has been assigned to subcom-
mission of six and when the plan is
definitely formed there are likely to
be other subcommittee to- pursue diff
ferent lines of inquiry.+New York
Journal of Commerce.