The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1910-03-09

mate source of production. While from
a single corporation in the state or
country, it would not amount to much,
but to take this amount from SO many
thousand corporations, 1t lessons the
operating capital of the county, winch
is not made returnable to the people,
Tax lifting has been curse 10
every government that ever adopted
it, and our government should pront'
by the example of others.
NATIONAL CORPORATION LAW.
Such law would be, unconstitu-
tional; it would result in a dis-crimi-
nation in favor of the one class as
against another. Those corporations
getting their power of operation from
the federal government would have
stronger prestige over securities, anG
their stocks and bonds would have
superior advantage over those of other
stocks and bonds incorporated under
the state laws. 1t would give room to
partial alliances between such cor
porations and national banks which
at the present time controls the cllr-
rency of the country.
Bank examiners, if they were dis
posed to do so, could recommend loans
from national banks upon such cor
state corporation property.
1t would be the means of allying
the federal government with one class
and aginst another. With corporations
against individuals. With corporations
against corporations. This state of
affairs would certainly cause great
confusion among the people.
COURT OF COMMERCE.
A court of commerce, made up of
circuit judges as proposed by the
president, would be inconsistent with
the constitution and state rights. II
is a known fact that there has been
prejudice aroused between the PEG.
pie and railroad corporations, because
of what the people deemed partial de
| cfsions rendered by the federal courts
in favor of the railroads as against the
people. 1t is not that the people are
embittered against the railroads, but
it is because the people are embittered
against the manner in which railroads
are operated by the men in contro
which is to the great detriment- Of
the people. The people feel that they
have not been treated fairly for the
reason that their state government
and themselves parted with their mos
sacred rights, their lands and theil
privileges, to build and construct the
railroads, but reserved for themselves
in doing this, the right to prevent
| abuses and oppression, but the fedora
government allying itself with those
who by manipulation and stealth, nov
own and control these roads, that b!
such law it would put into the hands
of the federal government and rail
road corporations, the power to dives
them of that power reserved in grant
fr,Cr f.o 1I,f - y
H. 1t is known by the people also tina
these men who now own and contro
4 the railroads of the country, that b,
their power over the currency Of tht
country, they have adopted method!
of oppression towards the weak ant
by these methods, shave inflated tn,
values of the stocks and bonds of sucl
companies to three and four time;
the cost of equipment and construc
ton and they now demand revenues
from the people at a price whicl
pays more than a reasonable prof
upon the inflated value, and not upol
the actual value. That the great in
Jury to the country is not so mucl
what each individual has to pay, bu
the great bulk of exorbitant charge
that is drawn from each state, make
it oppressive upon the people.
RAILROADS.
/ believe in a fair and honest treat
: ment towards railroads, and a fai
= and honest treatment by the railroad
to the people.
l believe in a fair compensation 70
all services rendered | believe in
fair profit upon the valuation of raj
road property, but it is very unjust t
grant to railroad company the powe
to demand a profit upon inflated value
or to burden the people with a charg
upon which there is no value.
The railroad corporations get non
. of their power from the federal COY
l eminent and when it is granted
franchise by the states, the power t
? make rates is reserved in the state an
D it is not within the power of the fer
eral government, given to it by tn
1 constitution, to make the rates fo
railroad companies, or to say what
r a reasonable profit On investment.
S These corporations are formed {
men separate and apart from the fee
eral government. Their property witt
4 in the bounds of a state, is governe
d by the laws of the state and not b
I the laws enacted by congress, an
+ whatever there would be between pul
y lie utility corporations and the pei
a pie, it is for the laws of the states t
= Vades some clause Of the constitution
Il giving such power to the federal go
L eminent.
e LABOR.
1t is very apparent that labor fa
d not received it's just share of th
e profits, in many instances.
e The great disparity between wage
e and the cost of living is appalling. an
2 it has reached a point that it has b
Y, come distressing. 1t is a hard matte
e to conceive how such a state of q
e fairs could exist, but the effects al
e clearly observed in the accumulate
r of the great wealth into the hands
r those who are not laborers. do n,
j. believe that any sane man would CO