The Prescott daily news., 1910-12-06

charged with responsibility of govern. ment. there has grown up in this coua- try conviction that the expenses of government are too great The fun dan1ental reason for the existence un- detected of waste. duplication, and bad management is the lack of prompt ae curate infor nation.
 T have requested tho head of each department to appoint committees oa economy and efficiency in order to se- cure full cooperation in the movement by the employees of the governmen4 themselves.
 T urge the continuance of the sp- propriatlon of s100, 600 requested for the fiscal year 1912.
 My experience leads me to believe that while government methods ars much criticized. the. bad results-h we do have bad results-are not due to . lack of zeal or willingness on the part of the civil servants"
 interstate Commerce.
 There has not been time to test ths benefit and utility of the endmentR to the interstate commerce law con tained in the act approved June 1G 1910 The law as enacted did not con tain all the features which I recon. mended. It did not specifically de nounce as unlawful the purchase by one of two parallel and competing roads of the stock Of the other. Nor did 1t subject to the restraining influ- ence of the Interstate Commerce oonn- mission the power of corporations en- gagged in operating interstate railroads to issue new stock and bonds; nor did it authorize the making of temporary agreements between railroads limited to 30 days. fixing the same rates fos traffic between the same places.
 q do not press the consideration of any of these objects upon congress at this session.
 "The interstate commerce commits sion has recommended appropriations for the purpose of enabling it to enter upon valuation of all railroads This has always been within the jurisdic- ton of the commission. but the requi-
  tics to the value of each railroad would be valuable for many purposes, espe- cially if We ultimately enact any linn. itations upon the power of the inter. state railroads to issue stocks and bonds, as I hope we may.
 For the protection of our own people and the preservation of our credit in foreign trade, urge upon congress tho immediate enactment of a law under which one who, in good faith, advances money or credit upon a bill of lading issued by q common carrier upon an interstate W foreign shipment can hold the carrier liable for the value of the goods described in the bill at the valuation specified fin the bill, at least to the extent of the advances made in reliance upon l.
 T further recommend that . punish posed upon raikosd agents and shiD pers for fraud or misrepresentation h connection with the issue of bills o< lading issued upon interstate and for eign shipments.
 Except as above. dc not rccom- mend any amendment to the interstate commerce law IS 1t stands. do not now recommend any amendment to the antitrust law. In other words, # seems to me that the existing leGiala. tion with reference to the regulation of corporations and the restraint Of their business aas reached a point where we can stop for a while and wit ness the effect of the vigorous execu- ton of the laws of the statute books in restraining the abuses which cer. tainly did exist and which reused the public to demand reform"