davidaulloa/AmericanStories huggingface dataset:
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10

most valuable features in recent leg
lslation. Power TO make Combina-
lions and traffic agreements should
be explicitly conferred upon the rail
roads, the permission OF the COM
mission being first gained and the
combination or agreement being pub.
lished in all its details,
In the interest OF the public the
representatives of the public should
have complete power to see that the
railroads do their duty by the pub
lie, and as a matter OF course this
power should also be exercised so
as To see that no injustice is done to
the railroads. The shareholders,
the employees and the shippers all
have interests that must be guarded.
1t is to the interest of all Of them
that no swindling stock speculation
should be allowed and that there
should be no improper issuance Of Sc
Crritips
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10

be enforced only imperlectly and I'M
equally, and its enforcement works
almost as much hardship as good.
strongly advocate that instead OF
an unwise effort to prohibit all com
binatious, there shall be substituted
a law which shall expressly permit
combinations which are in the In
terest of the public, but shall at the
same time give TO some agency OF
the national government full power
OF control and supervision over them.
one OF the chief features OF this con-
troll should be securing entire publ
city in all matters which the public
has a right to know, and furthermore
the power, not by judicial but by
executive action, 10 prevent or put
stop to every form Of improper
favoritism or other wrongdoing.
The railways of the country
should be put completely under the
Interstate Commerce commission and
removed from the domain of the anti
trust law. The power Of the com
mission should bo made thorough
going, so that It could exercise com
plete supervision and control over
the issue of securities as well as over
the raising and lowering OF rates. As
regards rates, at least, this power
should be summary
The power to investigate the H.
nancial operations and accounts OF
the railways has been one Of the
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10
BATTLE FLEET CRUISE
AROUND THE WORLD
OF GREAT WORTH

X Nothing better for the navy !,
4 from every standpoint has ev- 4
4 er occurred than the cruise 4
X OF the battle fleet around 4
X the world, The improvement 4
X Of the ships in every way has X
X been extraordinary, and they X
X have gained far more eXpcri- 4
r cnCe in battle tactics than they 4
4 would have gained IL they had 4
4 stayed in the Atlantic waters. x
4 The American people have K
r cause for profound gratirica- K
r ton in view of the excellent 4
r condition Of the fleet rs shown 4
4 by this cruise, and in view of r
4 the Improvement the cruise has X
4 worked in this already high 4
+ condition. l do not believe 4
+ that there is any other service 4
r In the world in which the aver. 4
r age Of character aud efficiency 4
r in the enlisted men Is as high 4
r as is now the case in our own. 4
r | believe that tho same state 4
+ ment can be made as TO our Of. 4
r ficers, taken as whole. 4
ftttttttttktttktt
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10
Qef Executive Covers Wide Scope Mich Preaching Mixed State Affairs
THINKS IT FOLLY TO PROHIBIT, CORPORATIONS

mouscd especially the railroads =
n
and
and
right
than L
m
b
public q
md
publ il matte
by
of mprrr o
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10

the shareholders, OF the employees
and OF the shippers should al be
guarded as against one another, To
give any one OF them undue and i'm
proper consideration is 70 do inius-
tlce TO the others. Rates must be
made as low as is compatible with
giving proper returns TO all tho ON.
ploycs OF the railroady from the
highest to the lowest and proper re-.
turns to the shareholders; but they
must not, for instance, be reduced
in such fashion as 10 necessitate a
cut in tho wages OF the employees or
the abolition of the proper and legi-
innate profits OF honest sharchold-
ors.
Telegraph and telephone compan.
lbs engaged In interstate business
should be put under the jurisdiction
OF tho Interstate Commerce com
mission.
1t is very earnestly to he wished
that our people, through their repre-
sentatives, should act In this matter,
u is hard 20 say whether most dam
age to the country atlarge would
come from entire failure on the part
OF the public to supervise and con-
troll the actions Of the great corpor-
ations, or from the exercise OF the
necessary governmental power in a
way which would do Injustice and
wrong to the corporations. ~ .
Both the preachers OF an unre.
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10

put upon lpdivlduai initiative and in
dividual capacity, and an ample re-
ward for the great directing iutelli-
gences alone competent 10 manage
the great business operations of to-
day.
It is well 10 keep in mind that OK.
actly as the anarchist is the worst
enemy OF liberty and the reactionary
the worst enemy of order so the
men who defend the rights OF prop
erty have most to fear from the
wrongdoers Of great wealth, and the
men who are championing popular
rights have most to fear from the
demagoguos who in the name OF pop
ular rights would do wrong to and
Cypress honest business men, honest
men OF wealth; for the success OF
either type OF wrongdocr necessarily
invites a violent reaction against the
cause the wrongdoer nominally up
holds.
In point Of danger to- the nation
there is nothing to choose between
on the one hand the corruptionist,
the bribe-givcr, the bribe-taker, the
man who employs his great talent to
swindle his fellow citizens on a large
scale, and, on the other hand the
preacher OF class hatred, the man
who, whether from ignorance or from
willingness TO sacrifice his country
to his ambition, persuades we'll.
meaning but vrong-headed men ia
try to destroy the instruments upon
which our prosperity mainly rests.
Let each group OF men beware Of
and guard against the shortcomings
to which that group Is itself most
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10
DRASTIC CRITICISM IS
MADE CONCERNING
LABOR VOTE
Without Mentioning Names Plainly Shows Hos
tiIib To Campaign Efforts Of GOmDGrS--
Declares il "CIaSS Against Glass"

liable TOO often We see the busl-
ness community in a spirit OF un-
healthy class consciousness dcploro
tho effort 10 hold 10 account under
tho law the wealthy men who In
their management OF great corpora
lions, whether railroads, street rail-
ways, or other industrial enterprises,
have behaved In a way that reyolts
the conscience Of the plain, decent
people. Such an attitude can not
be condemned too severely, for men
of property should reeoehlzSl that
they ioopardiao the r(8s o. prop
rrty when they fail heartily to join
in the effort TO do away with the
abuses of wealth.
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10
MAKES GENERAL REVIEW
OF GREAT CORPORATIONS.

As regards the great corporations
engaged in interstate business, and
especially the railroads, can only
repeat what ! have already again
and again said in my messages to
the Congress. believe that under
the interstate clause OF the Consti-
tuition the United States has COM
plcte and paramount right to control
all agencies Of interstate commerce,
and / believe that the national gov
ernment alopCe can exercise this
right with wisdom and effectiveness
SO as both TO secure justice from.
and to do justice to. tho great cor-
porations which are the most inn
portant factors in modern business,
/ believe that 1t is worse than folly
to attempt to prohibit all combina-
tons as is done by the Sherman an
THRUST law, because such a law can
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10
INTEREsT.BEARING DEBT
MATERIALLY DECREASED.

The financial operations OF the
government during this period has
ed upon these differences between
receipts and expenditures, resulted
in a net reduction OF the interest
bearing debt OF the United states
from $9SI14l,O40 to SS97953,990,
Notwithstanding that there had been
two sales OF Panama canal bonds
amounting In the aggregate TO S5l,-
G8l9S0, and an issue of three per
cent certificates of indebtedness un-
der the act OF June 10, 1898, amount
ing to $l5,436,50O.
Refunding operations OF the
Treasury department under the act
OF March IL, 1900, resulted in the
conversion into two per cent oonsols
OF 1880 OF $2OO,3O9, 400 bonds bear
ing higher rates OF interest. A de-
crease OF $S,6S1956 in the annual
interest charge resulted from these
operations.
In short, during the seven years
and three months there has been a
net surplus of nearly one hundred
millions OF receipts over expendi-
I lures, a reduction OF the interest
bearing debt by ninety millions, in
spite OF the extraordinary expense
Of the Panama canal, and saving
OF nearly nine millions on the annual
interest charge.
This is an exceedingly satisiac.
tory showing, especially in view OF
the fact that during this period the
nation has never hesitated TO under
take any expenditure that it regard
ed as necessary. There have been
no new taxes and no increases -
taxes; on the contrary some taxes
have been taken off; there has been
a reduction Of taxation,
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10
WARNING TO STATES IN
THEIR REGULATION.

On the other hand, those who adj
vocate proper control on behalf Of
the public, through the state, OF
these great corporations, and OF the
wealth engaged on a giant scale in
business operations, must ever keep
in mind that unless they do scru-
pulous justice to the corporation, I'M
less they permit ample profit, and
cordially encourage capable men OF
business so long as they act with
honesty, they are striking at the
root Of our national wellbeins; for
in the long rum under the mere pres
sure OF material distress. the people
as whole would probably go back
TO the reign OF an unrestricted In.
diyldualism rather than submit TO
control by the state so drastic and
70 foolish, conceived In a spirit Of
such unreasonable and narrow hos.
tility to wealth, as to prevent bust
ness operations from being profitable
and therefore 10 bring ruin upon the
entire business community, and III
timatcly upon the entire body Of
yitizens. Z
The opposition to governmonyucun
troll Of these great corporations
makes its most effective effort in
the shape OF an appeal to the old
doctrine OF states rights, or course
there are many sincere men who now
believe in unrestricted indl9idualIsm
IN business, just as there were form
erly many sincere men who believed
in slavery that is, in the unrestrict-
ed right OF an individual to own an.
other individual. These men do not
by themselves have great weight.
however The effective fight against
adequate government control and SUI
peryisiou OF individual, and espe-
cially of corporate, wealth engaged
in interstate business Is chiefly done
under cover; and especially under
cover OF an appeal to states rights.
1t is not at all infroquent to read
IN the same speech a dcnunciation OF
predatory wealth fostercd by special
privilege and defiant OF both the pub.
lie welfare and law of the land, and
denunciation Of Capitalization in
the central government Of the power
to deal with this centralized and or
ganized wealth. or course the policy
set forth in such twin denunciatlons
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10
RAILROAD BUILDERS
SHOULD BE REWARDED.

The guiding intelligences neces-
sary for the successful building and
successful management Of railroads
should receive ample remuneration;
but no man should be allowed to
make money in connection with rail-
roads out OF fraudulent over-capi-
talzation aud kindred stock-gamb-
ling performances; there must be no
detrauding of investors, oppression
OF the farmers and business men who
ship freight, or csllous disregard Of
the rights and needs Of the EN-.
ployes,
In addition 10 this the interests OF
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10
BOTH DEMAGOGUE AND TRUST LOVER GET KNOCK

the o. o
and
ten { o manage the great o
okeun mind that cxaclas the h $
who dfcn III of
who 10
either Of
the choose
thu
wnnoh
from nwlu o
swdIme bu to- to
which urpropGf mainly
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10
LAw.DEFYING CORPORATION
RUINOUS TO REPUBLIC.

To permit every lawless capitalist,
every law-dofying corporation, to
take any action, no matter how in
tauitous, in the effort to secure an
improper profit and to build up
privilege, would be ruinous to the
republic and would mark the ADAM
donment Of the effort to secure ~
tho industrial world the spirit OF
democratic fair-dealing.
on the other hand, TO attack these
wrongs In that spirit Of demagogy
which can see wrong only when com
mItted by the man OF wealth, and
is dumb and blind in the presence of
wrong committed against men Of
property or by men OF no property,
Is exactly as evil as corruptly TO de-
feud tho wrongdoing of men OF
wealth. Tho war VIC wage must he
waged against misconduct, against
wrongdoing wherever 1t is found;
and We must stand heartily for the
rights OF every decent man, whether
no be a man of great wealth or a
man who earns his livelihood as a
wage-worker or tiler OF the soil
It is to the interest OF all Of us
that there should be a premium
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10

Bociated Press.
Washington, u. O., Dec. s.-Thc
ngress OF the United States re-
ived President RoOscvclrs mes.
Igo today and the reading OF the
document was listened TO with in.
hrest. II follows;
10 the Senate and House OF Repre-
sentatiyes:
The financial standing OF the ma
ion at tho present time is excellent,
md tho financial management OF the
atoms interests by the government
Turing the last seven years has
lhown the most satisfactory results
But our currency system is impor.
feet, and It 10 earnestly TO be hoped
that tho Currency commission Will
ne able to propose thoroughly good
system which will do away with the
existing defects.
During the period from July l.
1901, to September 80, 1908, there
was an increase in the amount OF
money in circulation OF S9O2,991,-
399 The increase in the per CAPT
Ia during this period was $500,
Within this time there were Sow
eral occasions when 1t was neces-
Bary for the Treasury department to
come to the relief OF tho ptoney mar
ket by purchases or redemptions of
United States bonds; bS Increasing
deposits In national banks; by slim
ulAting additional issues OF national
bank notes, and by facilitating i'm
portations from abroao OF gold
CURRENCY SYSTEM rs
DECLARED AS IMPERFECT,
Our imperfect currency system has
made these proceedings necessary,
and they we're effective until the
monetary disturbance in the fall of
1907 immensely increased the diff.
Guilty OF ordinary methods Of re-
lief. BY the middle OF November the
available working balance in the
treasury had been reduced TO APP
proximatcly S5,OOO,OOO,
Clearing house associations
throughout the country had been OBJ
ligcd to resort to the expedient Of
issuing clearing house certificates,
TO he used as money In this emer-
gency it was determined to invite
subscriptions for $5O,00O,OOO Pana-
ma canal bonds. and $1OO,OOO,OOO
three per cent certificates OF indebt-
edness authorized by the act OF June
10, 1898,
II was proposed to re-dcposit in
the national banks the proceeds OF
these issues, and to permit their use
as a basis for additional circulating
notes Of national banks. The NOR.
al effect of this procedure was SO
great that 1t was necessary to issue
only sgA,6s1,9So of,thc Panama ca
nal bonds and s15,A36.5OO OF the
certificates of indebtedness.
During 1he period from July I
1904 "a september 30, 1908 the bal
ance between the net ordinary re.
ccipts and the not ordinary expenses
of the government showed q surplus
in the four years 1902 1903, 1906
N.3. gMtI. I.s
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10

WHY THE NATIONAL GOVERN
MENT WAS FORMED.
The chief reason. among the many
sound and compelling reasons. that
led 10 the formation of the national
government was the absolute need
that the Union, and not the several
states, should deal with interstate
commerce was granted absolutely
and plenarily to the central govern
ment and was exercised completely
as regards tho only instruments OF
Interstate commerce known in those
days--the waterways, the highroads,
rs well as the partnerships OF indi-
yiduals who then conducted all OF
what business there was. Interstate
commerce Is now chiefly conducted
by railroads; and the great corpora
ton has supplanted the mass Of small
partnerships or individuals.
The proposal to make the national
government supreme over and there
fore to give it compelte control over,
the railroads and other instruments
OF interstate commerce is merely a
proposal TO carry out to tho letter
ono Of the prime purposes, II not
the prime purpose, for which the
Constitution was founded It does
not represent GENERALIZATION. II
represents merely the acknowledge
ment OF the patent fact that cen
tralzation has already come in
business.
II this irresponsible outside busl-
ness power is to be controlled in the
interest OF the general public
and that it can only bs con-
trolled in one way; by giving ade-
quate power OF control to the one
sovereignty capable OF exercising
such powef-the national govern
ment. Forty or fifty separate state
governments can mot exercise that
power over corporations doing bust
ness in most or all OF them; first, be-
cause they absolutely lack the aU-
thority TO deal with interstate busi-
ness in any form; and second, be-
cause OF the inevitable conflict OF
authorityIsure to arise in the effort
to enofrce different kinds OF state
regulation, often inconsistent with
one another and sometimes oppres-
sivs In themselves.
Such divided authority can not
regulate commerce with disdom and
effect. The central government is
the only power which, without OPP
preston, can nevertheless thorough
ly and adequately control and super.
wise the large corporations. To
abandon the effort for national con-
troll means to abandon the effort for
all adequate control and yet to rem.
der likely continual bursts Of action
by state legislatures, which can not
achieve the purpose sought for, but
which can do great deal OF dam
age to tho corporation without con-
ferring any real benefit on the public,
l believe that the more farsighted
corporations are themselves coming
to recognize the unwisdom OF the
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10
DESIRES DISTRIBUTION OF WEALTH

object the concentration Of wealth and admin-+
do believe the distribution wealth in profits
real and securing the public the full benefit OF
administration We believe that with concenta
there both the advantage Of
larger ownership equitable distribution OF prots
the commonwealth We ~
oud be for the benefit OF the
rascality practcd on large sca@h
pTscsed
N&tSkt+kttRH+k* Il ~ X K ~ K K r + = ~
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10
COMPLETE PUBLICITY FOR PEOPLE

the big corporation the 4
who genuinely believe Mt
busnesha in the puoCracy;
who's being blind to the
believe repression rather than
eSaon and who denounce both the
OF federal which alone
Those believe efficient
other hand do object combinations;
object to concentration in business administration On
the coHFrars that there shall be
eSbou their workings 4
4 " 4 +t ~ 4 tt+ 4 4
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10

stricted indlvidnalism, and the
preachers OF an oppression which
would deny to able men OF business
the just reward Of their initiative
The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-12-10

and business sagacity, are adyocat-
Ing policies that would be fraught
with the grayest harm to tho whole
country.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-09-27
KERN SPEAKS To
OHIO AUDIENCE
Tariff Revision Is the Burden of
His Address
BIG RECEPTION ACCORDED
Candidate Declares That Troubles of
Republican Party Are Piling Up
and He Does Not Care to
Discuss Them.
BIG RECEPTION ACCORDED

Mansfield o., September 26-John W.
Kern, the democratic candidate for vice
president, addressing large audience at
meeting here tonight marking the open
ing of the democratic state campaign,
said that he had not the heart TO add
to the burdens of the republican party
leaders whose accumulation of misfor-
tunes appear, he said, already overwhelm-
ing and would refrain from discussing
'Foraker's recent castigation.' He &C
cordingly limited himself to the consider
alton of tariff revision and the alleged
evils of present legislation. Former Gov
ernor James E. Campbell, democratic
nominee for the United States senator
ship also spoke.
The meeting was held in a large tent
on North Main street, a short distance
conclusion of an all day celebration
which attracted to Mansfield democrats
from all over the state. The streets to-
night were ablaze with red fire and re-
sounded with the music of a dozen bands
which had figured earlier in the day in
a parade of clubs and delegations, pre-
eeding an afternoon rally in a small park
in the business district. Mr.. Kern left
for his home in indianapolis after the
| meeting and will pass Sunday with his
family.
kern's Address.
Mr. Kern said in his address tonight in
part:
II come here in spirit of good will.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-09-27

ut wasn't very pleasant situation
as 1 knew that our man was up on what
he was talking about Two of the party
made suggestions to him. He threw them
aside, gently at first, but finally with a
show of anger
"The gambler sat on the roadside, hold
ing his head in his hands. He always
was a resoureefu chap. For long time
he didn't say word. Then he dropped
his hands and raised his head.
:" The beer?' he said.
4" No CO. said the other two fellows.
~ said nothing, but looked doubtfully
at the owner.
the first time. Should have thought of
1t myself
I'VE pulled out the beer and poured
bottle after bottle into that radiator. My,
but it was a waste of good beer,
81 never saw anybody anything con-
sumo as much beer as that radiator, but
I sneaked bottle or two for myself So
did the others, except the owner. He
was too busy pouring that good stuff into
the tank-whoever first referred to
souse as a tank must have had intimate
relations with an auto radiat or-and ne
did not take a swallow
Ibid we get to Bullfrog? You bet!
That beer was the best speed generator
YOU ever heard Of And 1t didn't make
!
has good control over beer-fed auto.
you've heard of the beer hound
which retrieved the beautiful amber
cream topped liquid and swabbed il to its
lair, but the beer hound never had any
thing ON the beer-fattened auto.
Not bad auto story, eh?' questioned
the wanderer as he patted the bell on
the table
Pretty good was the verdict of the
table
''Tel you another. but it's not about
an auto said the wanderer. Its in
the line of information on how to take
steamboat trip to Albany at night A
friend of mine discovered it.
"In the afternoon you call on your
friends and are real sociable. When you
get on the boat you are in an amiable
mood for dinner.
"You have dinner and feel more amia-
BILE The early part of the evening you
spend on the lower deck. or wherever
the bar is and become mellow
About 10 o'clock you should go to the
upper deck-the top one. You sit down
and have one or two more.
by that time you know that the fishes
are tired and you throw chairs over
! board so that they can sit down and
rest It's a lovely sleep potion and you
go to bed knowing that you have been
good to yourself and the little fshes.'
Then the lights in the club began to
grow dim.