The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1909-10-10

Inc ingredients are uSed LOT -
various PRESCRIPTIONS.
which was promised in the republican
platform. Just what the legislation of
this sort would mean will probably
be a question not easily determined,
for there has always been more or less
controversy as to how the Injunction
plank of the Chicago convention is to
be interpreted.
What the Platform Said.
This is what the party said: "The
republican party will uphold at all
times the authority and integrity OF
the courts. state aud federal, and will
ever insist that their powers to en-
force their process end to protect life,
liberty and property shall be preserv-
ed inviolate. We believe, however,
that the rules of procedure in the
federal courts with respect to the is
suance of the written injunction
should be more accurately defined by
statute, and that no injunction or tenn
porary restraining order should be is
sued without notice, except where ir-
reparable injuries would result from
delay, in which case speedy hearing
thereafter should be granted"
In the Chicago speech Mr.. Taft did
not go further in his Interpretation
of the party promise than to say that
he favored the adoption of legislation
looking to a proper definition of the
cases in which preliminary injunctions
might issue without notice and defin-
ing the proper procedure in such mat
tiers. The subject of Injunction is an
old one with congress. The house
on many occasions has passed bills
on the subject which the senate prom
pity rejected.
For Postal Savings Banks.
Apparently the demand from some
sources for postal savings banks is to
have the presidents aggressive sup
port. Here again he says he would
| fulfill promise made by his party.
Unless the senate and the house have
undergone a marked change there will
be much opposition to the proposed
new system Of banking.
+ BY far the most important part of
the presidents legislative program is
that which has to do with changes in
the interstate commerce law and the
antitrust law.
| The interstate commerce legisla-
ton he would have enacted may be
summarized as follows
| 1. Create separate interstate
commerce court of five members,
1 xrDH f0vn CT Svn
which would be the only court to
which petitions to set aside or nulify
the orders of the interstate commerce
commission could be made.
! 2. Allow single judge to make
an order staying proceedings of the
commission sixty days, and providing
that thereafter no injunction should
be allowed against the order of the
commission unless granted by the
whole court Of five members.
8. Confer on the commission pow.
Ter to hear and entertain complaints
against unjust classification of mer.
chandise for transportation.
4. Extend the power of the com.
mission so as to have 1t include not
only the fixing of rates after com.
plant, but also the readjustment OF
classification if it proves on complaint
to be unjust.
IS. Providing that the commission
may, by order, suspend. modify or an.
null any changes in the rules or regu-
lations which impose undue burdens
on shippers.
Commission Must Approve.
s. A prohibition against any inter.
state railroad company acquiring
stock in any competing railroad in
the future and a provision that no
railroad engaged in interstate COM
merce shall. after a certain date, hold
stock in competing railroad. and
the further amendment that no rail.
road company engaged in interstate
commerce shall issue any additional
stock or bonds or other obligations
Except with the approval of the inter.
state commerce commission, based
upon finding by the commission that
the stocks and bonds are issued, first,
for purposes authorized by law, and
second. for a price not less than par
for stock, and not less than the reas-
enable market value for bonds. such
price being paid either in cash or in
property or services. and il in prop
erty or services, then at the fair value
thereof. as determined by the COM
mission.
I. Granting permission to railroads
to agree upon traffic rates aud to