The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1910-07-01
ADJOURNMENT OF CONGRESS

ADJOURNMENT OF CONGRESS
The congress of the United States
adjourned its session on Saturday.
the 25th ult., shortly before midnight.
It's record is the enactment of 300 pub
lie laws for single session. against
400 for all previous sittings of con
gress
The chief work of the session was in
the line of Capitalization of power in
the national government. The railroad
law was in that direction, as was also
the postal savings bank law. The up
ward tariff was enacted during the ex-
ira session called by President Taft as
soon as possible after his induction in
to office, and it did more to hurt the
Republican party than everything else
that occurred during his administra-
ton, as it was the cause of the insur-
rectiOn, the leaders of which have
made great deal of trouble for the
old party bosses.
Whether the great railway corpor-
ations are going to submit to the new
railroad law, or will retalate by pre-
cipitating a tremendous financial panic
upon the country is not known, and
doubtless the railroad managers them
selves do not know, since they have
not yet come under the operation of
che new act, and have yet to realize
20 what extent it's repressive provis-
ions will be objectionable.
AS for the postal savings bank law
its operation upon the business of the
regular savings banks is yet to be de-
termined. If the national government
was prepared to guarantee the security
of its country pOstoffces and accept
and care for deposits there and in the
small towns the postal bank would at
tract many of the cash boards that are
hidden away in holes and corners of
the peoples dwellings, but there is
nothing about the village postoffce
that commands confidence, and, after
all, the money goes into regular banks
the depositOrs losing from one to two
per cent interest for the sake of the
government guarantee. But then, this
law is expected to put a great deal of
the peoples earnings into the custody
of the national government which will
use it at its will, and may hand it out
to the big New York fnanciers, to as
Jist in speculations, as has been done
time and time again since the Civil
War
However, strange as it may seem,
there is no idea so much welcomed by
the great body of the American people
as that concentrating all power in the
hands of the national government, and
not many years will elapse before the
railroad, the express business, the tele-
graph and all public utilities will be
government monopolies. The govern
ment can never own them unless it
should ysieze ana confscate them, be-
cause it could never get money enough
to buy them outright at any reasonable
valuation, but it can operate them and
make the conditions so onerous that
the owners would submit to a rental
which a government as extravaganza as
ours may not always be able to paw
However, it is not likely that the gov
eminent short of a violent revolution
will attempt to do more than to die
tate rates and regulations, and leave
the companies to operate their bust
ness under stringent laws and specific
rules
President Taft is very jubilant at
having forced SO many of his bills
through congress- and his friends
boast that he has done more in ere