Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-08-03

We failed in that effort, but a. q
sllbstitute Tor IT, II was provided that
the commission can suspend new rtaes
for q period OF ten months. and that
IN all hearings as to the resonableness
Of rates. the burden Of proof shall rest
upon the railway companies.
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 appeal
from any such injunction. The bill
was so amended.
We contended that the shipper who
had complained to the interstate COM
MERGE commission, and had won his
case, should have the right to appear
in any suit that was brought by the
railway companies to annU his victory.
1t is now in the law.
We urged that no greater jurisdiction
over the interstate commerce commits
sion should be conferred upon the COM
merce court than Is now exercised 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 Secur-
tiles Company; that it had decreed the
death of the American Tobacco Com
pany, and, finally, had sent the terror
Of disintegration into the ranks OF the
Standard Oil Company, and we did not
intend to see it's vigor impaired or it's
scope narrowed until something better
could be enacted in It's stead.
We attempted, with all the strength
we had. to put into the bill a 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 dishonesty
and extrava gance that have so startled
the world in the last few years in rail-
way capitalization.
Wall Street Interests.
Certain republicans who are enam-
ored with the manipulations Of Wall
street, joining themselves with certain
democrats who found no authority in
the constitution for such legislation. de-
feated our amendment.
We are not, however, without hope,
for under the recomm OF the
president provision was adopted
which will insure an immediate investi-
cation of the subject. and we may
shortly be more successful in our eff
forts to regulate railway stocks and
bonds.
Upon the whole, the republican party
is to be congratulated upon the bill,
as 1t became law. It is a step In
the right direction. and ultimately we
will reach the end toward which all
patriots are striving.
trust l will not be accused of any
desire to stir up factional feeling for
saying as am bound to say, that
had it not been for the progressive
republicans in the senate. men who
have been .derided thruout the country
as insurgents, the bill would have
passed the senate as it came from the
pen of the attorney general, and the
republican party would have staggered
along In this campaign under burden
too heavy for any party to success
fully carry.
Postal Banks.
Our platform of 1908 committed the
party to the establishment of postal
savings institutions. 1t is probably true
that Iowa needs such facilities for
savings less than any other state In
the union, but nevertheless. am con-
WINGED that the policy is a wise one.
There are many parts OF the coun-
try in which the banks are neither so
numerous nor so near the people as
they are in Iowa. and whatever we can
do to encourage and stimulate habits
Of saving and thrift we ought to do.
The law passed by congress has, in
my opinion, two serious defects which
ought to be removed at the earliest
practicable moment
First. we have given to the board Of
trustees. which is to manage the postal