The Mobridge news. [volume] (Mobridge, Walworth Co., S.D.) 190?-1917, 1910-09-02

Interstate Commerce Commission, should
be largely increased. We have q right 70
sypect from the Bureau OF Corporations
ard from the Interstate Commerce Com
mission q very high grade OF public ssrv-
ice E,e should be az sure Of the proper
conduct OF interstate railways and the
propsr management Of Interstate bust
ness as we are now sure Of the conduct
and MANAGEMENT OF he National banks.
| and we should have as effective super
vision In one case as IN the other. The
Espburn act, and the amendment to that
act IN the shape IN which IL finally passed
congress at the last session, represent a
long step in advance and we must go yet
further,
There lie q widespread belief among
our people that, under the methods OF
| making tariffs which have hitherto OBJ
! tanned, the special interests are too IN
| euential. Probably this Ia true Of both
| the big interests and the little interests.
! These methods have put a premium on
s~elfshness, and naturally the selfish big
interests have gotten more than the sell
rsh small interests. The duty Of congress
IA to provide a method by which the In
terest Of the whole people shall be all
that receives consideration. To this end
there must be All expert tarir commits
sion. wholly removed from the possibility
Of political pressure or OF improper husl-
ness influence. Such a commission can
And out the real difference between cost
Of production, which is mainly the differ
enCe Of labor cost here and abroad. AS
fast as It's recommendations are made, I
believe in revising one schedule At a time
A general revision OF the tariff almost In
evttably leads to log-rolling, and the sub
ordination OF the general public interest
TO local and special interests.
The absence Of effective state, and
especially National. restraint upon unfair
money getting has tended to create a
small class OF enormously wealthy and
economically powerful men. whose chief
object Is to hold and increase their power.
The prime need Is to change the condi-
tons which enable these men to accumu-
late power which II Is not for the general
welfare that they should hold or exercise,
We grudge no man q fortune which rep
rGsents his wi power and sagacity, when
exercised with entire regard to the well
fare Of his fellows. But the fortune must
be honorably obtained and well used. II
is not even enough that II should have
been gained without doing damage TO the
community. We should permit It to be
gained only so long as the gaining rep
resents bene1t to the community. This,
l know, implies q policy Of a far more
active governmental interference with so
Cial and economic conditions in this coun-
try than we have yet had. but I think we
have got to face the fact that such an
increase in governmental control IL now
necessary.
Income and Inheritance Taxes.
No man should receive a dollar unless
that dollar has been fairly earned. Every
dollar received should represent a dollar
worth of service rendered. The really
big fortune, the swollen fortune, by the
mere fact OF its size, acquires qualities
which differentiate 1t in kind as well as
In degree from what is possessed by men
OF relatively small means. Therefore 1
believe in a graduated income tax on big
fortunes, and in another tax which Is far
more easily collected and far more Of
fecttve-a graduated inheritance tax on
big fortunes, properly s~afeguarded
against evasion, and increasing rapidly
in amount with the size OF the estate.
The people Of the United States suffer
from periodical financial panics to q de-
gree substantially unknown among the
other nations which approach US in fnan-
cial strength. There is no reason we
should suffer what they escape. 1t Is OF
profound Importance that our financial
system Mould be promptly investigated,
n so thoroughly and effectively re-
vtsed as to make 1t certain that hereafter
our currency VIII no longer fail at crlu-
cal times TO meet our needs.
It is hardly necessary for me to repeat
that I believe in an efficient army and
a navy large enough to secure for US
abroad that respect which is he surest
guarantee Of peace. Justice and fair deal
ing among nations rest on principles
identical with those which control Justice
and fair dealing among the individuals OF
which nations are composed; with the
a 49, 49, a.
its wv partin international police work.
National friendships, like those between
men, must be founded on respect as well
as on liking, on forbearance as well as
upon trust. In all this II Is peculiarly the
duty of the United States to set a good
example.
or conservation I shall speak more at
length elsewhere. Conservation means
development as much as II does protec-
ton. I recognize the right and the duty
OF this generation to develop and use the
natural resources Of our land, but I do
not recognize the right to waste them, or
TO rob, b. wasteful use, the generations
that come after us. The natural resources
must be used for the benefit of all our
people and not monopolized for the bene-
ft of the few. That is one OF the funda-
mental reasons why the special interests
must be driven out of politics. OF all the
questions which can come before this
Nation, short of the actual preservation
Of its existence in a great war. there is
none which compares in Importance with
the great central task OF leaving this
land even a better land for our descen-
dants than it is for us, and training them
into a better race TO inhabit the land and
pass 1t on. Conservation is a great moral
issue, for II involves the patriotic duty
OF iEsuring the safety and continuance
OF the Nation. Let me add that the
health and vitality OF our people are at
least as well worth conserving as their
forests, waters, lands, and minerals, and
that in this great work the National gov
eminent must bear a most important
part.
I have spoken elsewhere also of the
great task which lies before the farm
ers OF the country to get for themselves
and for their wives and children not only
the benefits of better farming, but also
those of better business methods and
better conditions of life on the farm. The
burden of this great task will fan. as It
should. mainly upon the great ~organiza-
Hons OF the farmers themselves. I am
glad II viii. for I believe they are well
able to handle IT. In particular. there
are strong reasons why the departments
Of agriculture of the various states, the
United States department OF agriculture.
and the agricultural colleges and experi-
ment stations should extend their work
to cover an phases of life on the farm.
instead or limirng themselves. as they
have far too often limited themselves in
the past. solely 70 the question OF the