The Caucasian. (Clinton, N.C.) 188?-1913, 1910-02-17

ment as likely to defeat the law be-
cause 1t takes away feature which
ought to be present In the law to
assure it's constitutionality. II the
law provided that the trustees, to be
appointed, with the funds thus de-
posted could meet the financial ex-
igencies of the government by pur-
chase or redemption OF the govern
ment per cent and other bonds, the
measure would certainly be within
the federal power because postal
banks would then clearly be an in
strument of national government
borrowing money.
II sincerely hope that before the
measure Is hammered into final
shape it may take on characteristics
which shall give it constitutional
validity and sound financial strength
and usefulness.
RAILROAD Rate Law.
Concerning the party promise to
enact a railroad rate law and the
bill on that subject subsequently in
troduced, the President said This
railroad measure goes further than
the promise of the platform, for
and bonds to the restrictive super
vision Of the Interstate Commerce
Commission, and prevents future
watering of securities and forbids
the acquisition by q railroad COM
pany of stock in competing line. it
also puts very much power In the
hands of the commission for the reg
ulation of rates, and facilitates the
ease Of supervision by the commits
sion of railroads to secure compliance
by railroads with rights Of the pub
lie and shipper"
Courts and Injunctions.
On the question of the party's
promise with respect to the power of
the courts and injunctions, Presi-
dent Taft said of the bill now in
Congress: 1.-THE bill does not go as
far as Mr.. Gompers and the Ameri-
can Federation of Labor demand, but
it goes as far as the Republican con-
vention was willing to let 1t go, and
it is so drawn as to make an abuse
of injunction without notice very
improbable"
Conservation.
Referring to the promise of the
party for conservation of natural re-
sources, he declared that the rivers
and harbors bill just reported had
been framed with a view to comply
ing with the party's pledges.
The Trusts.
On the subject of trusts and the
party's pledges in that regard, Pres
ident Taft related how, since the
platform was adopted, prosecutions
of the tobacco trust and the Standard
Oil trust had gone on and had re-
suited in DEGREES in the court of ap-
peals of the second and eighth cir
cults which were now pending on ap-
peal in the Supreme Court.
"The attorney general has pre-
pared a bill which he thinks, and I
think, will offer to those who wish
to pursue a lawful method of bust
ness the means of easily doing so.
4 lawful business under the protec-
ton of a federal character, which,
while 1t will subject the business Of
the concern to the closest scrutiny Of
government officers. will save the
business from harassment by State
authorities, and will give it that pro-
lection which in peaceful pursuit of
it's business as q federal corporation
will necessarily secure it. I believe
the act to be constitutional, and be-
lieve that, if enforced. it would fur
nish a solution OF our present diff
ficulties, but as it was not specifical-
~ declared for in the Republican
platform, I do not feel justified in
asking the adoption of such an act
as q party matter"
Good Account Of Stewardship.
The President declared he believed
the party had given good account OF
its stewardship, and that 1t should
receive renewed approval in the COM
ing congressional campaign, but he
referred to signs which some con-
strue as pointing to a Democratic
majority in the next House, to inter
nal dissension in the party, and con-
| tinued:
Differences Of Opinion.
There is a decided difference In
the party as to the proper rules to
prevail in the House and as to the
lpersonnel of the leadership. am
hopeful that as we approach the lines
of battle for the next year the set
Element Of these Internal questions
lean be effected without such q breach
of the party as to prevent our pre-
tsenting an unbroken front TO the
tanemy