East Oregonian : E.O. (Pendleton, OR) 1888-current, 1910-08-03
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thefe i nope they VIII lie buried for
ever.
All that was good IN the bill was
carefully preserved. and all that was
bad was either wholly rejected or ma
terially modified.
Remade the Bill.
With the Introduction Of the bill
there began such a struggle as has
been rarely witnessed between the
forces Of progress and reaction. The
progressive republicans did not get all
they wanted, nor all they ought 70
have had, but they succeeded in con-
vert.ng a measure which IN its or
iginal form would nave been a long
step backward into a measure that
is a gratifying step forward.
We earnestly contended that no in
creases in rates should hereafter go
into effect until approved by the
commission. This seems fair and
just, inasmuch as the carriers made
the rates that are now in force, and
II may, therefore, be assumed that
they are remunerative.
We failed in that effort, but as a
substitute for it, it was provided that
the commission can suspend new
rates for a period Of ten months. and
that in all hearings as to the reason
ableness of rates the burden of proof
shall rest upon the railway compa-
nies.
We insisted that no injunction re-
straining an order of the commission
should be issued without notice, and
that there should be the right of ap-
peal from any such injunction. The
bill was so amended.
We contended that the shipper who
had complained to the interstate COM
merce commission, and had won his
case, should have the right to appear
in any suit that was brought by the
railway companies to annul his vic
tory. It is now in the law.
We urged that no greater jurisdic-
ton over the interstate commerce
commission should be conferred upon
the commerce court than is now ex-
ercised by the circuit courts, and the
bill was SO amended
We kept the antitrust law intact.
We remembered that it had dissolved
two vicious traffic associations; that
it had annihilated the Northern Sc
curities company; that it had decreed
the death of the American Tobacco
company, and finally. had sent the
terror of disintegration into the ranks
of the Standard Oil company, and we
did not intend to see its vigor impair
ed or its scope narrowed until some
thing better could be enacted in its
stead
We attempted. with all the strength
we had, to put into the bill fair and
effectual provision which would have
prevented the issuance of stocks and
bonds without full compensation, and
that would have rendered impossible
hereafter the exhibitions of dishon
esty and extravaganza that have 81
startled the world in the last few year
in railway capitalization.
Wall Street Interests.
Certain republicans who are en-
amored with the manipulations o
Wall street, joining themselves wit
\ certain democrats who found no au
thority in the constitution for sue
legislation, defeated our amendment
We are not, however. without hops
d for under the recommendation of tn
president a provision was adopte
which will insure an immediate in
a vestgation of the subject, and W
may shortly be more successful in ou
efforts to regulate railway stocks an
bonds.
Upon the whole, the republican par
ty is to be congratulated upon tn
bill as it became a law. 1t is a ste
in the right direction, and ultimatel
we will reach the end toward whic
y all parties are striving.
l trust l will not be accused of an
desire to stir up factional feeling 70
A it not been for the progressive reput
3 licans in the senate, men who hav
been derided throughout the countr
i as Insurgents, the bill would hav
Z passed the senate as it came from I'll
Z pen of the attorney general, and tn
q republican party would have staggere
D along in this campaign under a bun
y den too heavy for any party to sue
y cessfully carry.
K Postal Banks.
4 Our platform of 1908 committe
u the party to the establishment of pos
Z tai savings institutions. It is probe
n bly,, true that Iowa needed such fl
3 cilities for saving less than any otht
\ state in the union but nevertheless
Z 1 am convinced that the policy is
4 wise one.
4 There are many parts of the cour
Z try in which the banks are neither 5
Il numerous nor so near the people ;
A they are in Iowa, ana whatever "
y can do to encourage and stimulate IN
- bits of saving and thrift we ought
do.
The law passed by congress has,
my opinion two serious defects whiC
ought to be removed at the earlie
n practicable moment.
First, we have given to the boar
I of trustees, which is to manage ~
postal repositories, the discretion
designate such postoffices as it see
fit. This discretion will be a nrve
ending irritation. 1t goes Vithol
al saying that the banks in any con
r munity will not favor the designa
n tion of the postoffice in that con
~ munity as a depository. 1t will b