The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1910-03-09

ment giving it's aid to individuals or
corporations for the purpose OF mo-
nopolizing the natural waterways
throughout the country.
CORPORATIONS
These institutions have been and
are still great benefactors.
Without the combination of capital
the great industries and enterprises
throughout the country would not ex-
list, and at least two-thirds of the COM
mercial business is produced and
operated by corporations. But these
corporations, as effecting conditions,
are divided into two classes. The cor
porations I have heretofore named,
whose stocks and bonds are daily
thrown on the market for speculation
and which speculation effects the cur
rency of the country, and those cor
porations whose stocks and bonds are
not for speculation.
So powerful and effective has been
the speculation on the stocks and
bonds Of the former, they have been
driven upward to a price beyond real
value and by the control of the cur
rency and the necessities of the peo-
pie, they make the value and demand
from the people an eXorbitant profit on
this made, inflated value.
And the corporations of the latter
class are in the same condition as the
people, without power and without re-
dress.
The corporations of the latter class
and the people are mostly effected.
| by the great volume of currency that
is turned into speculation and diverted
! from commercial use, so much so that
/ it has become oppressive, and keeps
the people and their affairs in constant
! jeopardy.
1t is the corrupt and speculative &C
| lions of the former class affiliated
with the representative Of our ma.
tional government that has poisoned
the atmosphere against corporations
because Of the burden imposed by
them being more than the people car
bear. We should certainly profit by
i the experience Of October. 1907.
/ tThis speculation effects the banks
more or less, all over the country, the
same manner in which it effects the
commercial corporations and the il
divduals.
ISLAND POSSESSIONS.
Our policy towards the inhabitants
of these possessions should be hon
orable and consistent with democratic
principles, and encouraging to the ma
tives and not dominant, oyerbarreI
and discouraging. Local enterprise and
improvements should be encouraged
and cultivated into the minds of the
Inhabitants; education and local self
government should be encouraged
along with local enterprise.
TREATIES WITH FOREIGN coUN
TRIES.
Our relation with all foreign coun
tries should be on friendly and hon
orable policy, not forgetting that there
is danger line in friendship as well
as in enrdity. Almost every war be
tween different countries have been
augmented through friendly trade rela
I! tons. Each Of the great nations are
Preaching out for new fields of trade
/ and competition is getting more siren
uous each year, and it is the new
fields and not the old, that breed the
complex problems that the nation.
must settle by treaty Or war.
To my mind Canada will, in the neaI
future, become an independent EN-
pire or else become annexed to thu
! United States With the constan
flow of emigration from the Unitet
States into Canada's fertile plains AMI
rich forests; marrying and inter-mar
lrying; blending the liberty lovin,
blood of the ambitious American witt
the rich, healthy corpuseles of tn,
sturdy Canadian, speaks truth NOR,
certain than / can tell.
And with border line OF 1000 mile
to guard between the two countries
creates a condition of equal impo1
lance, not only as a matter of friendl,
! trade relation but of mutual protection
as well, in case of Invasion by an.
J other power against either
} Mexico is identieally. in the sam
position, and the relations should b
Encouraged in the same manner.
Friendly relations. should also b
encouraged with the South America:
republics and trade increased. A
these republics become more develop
ed, and population increased, our trad
being the most convenient, there !
no reason why our trade with ther
: should not be increased also.
! FEDERAL COURTS.
The judges of these courts are al
, pointed by the president, and thei
appointment confirmed by the senate
!, Their tenure of office is during goo
: behavior" This was made so by tn
: trainers of the constitution Being tn
most sacred and important branch {
the federal government over whic
they would preside, the trainers a.
sumed that if the office was for lii
tenure, it would inspire justice an
, detract undue and political infiuenc,
Whatever causes the trainers of til
constitution assumed would produc
: moral effect. or seductive influence
that would sway the minds and mora
OF mem were righteously assumed. n
doubt, in theory, but in practice wi.
the Republican party and some of til
federal judges appointed from the
ranks, it simply gives a leverage I
!, arbitrary power and party support.
l This was manifested and evidence
only few years ago in the trial
l. impeachment of a republican feder