Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1910-06-14

[ plObSSl VI DCtAiOCi a > dnu lOk COS
ives, rilroad regulation bill tha
will not provide for a physical valu
alton of the railroads.
The millionaire colony Of the sen
ate, some of the members of which
own stock in railroads, fought des
perately to kill every physical valua
ton amendment proposed.
! A ply steal valuation would ex
pose to the country the extent tC
which railroad stocks have been wa
tered, and would, therefore, tend tc
prevent over capitalization IN the
future and pave the way for reason.
able freight and passenger rates.
This is why the railroads fear it.
! The Interstate Commerce Commits
sion, partisan Republican in make
up, has recommended physical valu-
alton year after year. The commits
sion, in its last annual report, some-
what hopelessiy. as if realizing the
-xte1t - which railroads dominate
Congress, says: The commission
has, in previous reports, expressed
tie opinion that it would be wise for
Congress to make provision for a
ph, steal valuation of railroad prop
critics, and desires to reaffirm in this
report its confidence in the wisdom
of such a measure"
Physical valuation was recon-
mended by Roosevelt time and again.
This, by the way, is at least one
Roosevelt policy that Mr.. Taft has
deserted cold. bioodedly. Taft has
raised neither voice nor pen on be
half of physical valuation, and ID Is
under stood that the idea is antag0-
nstic to his pro-railroad temper&-
ment.
Yet the supreme court, in the Ma
Draska rate case. held that 1.-The basis
of all calculation as to the reason
ableness of rates must be the fa1E
value of the property beng used for
thr convenience Of the public"
: PRESIDENTS aIbL.Es NOT PRO ?
= GREssIvE.>>.Se
= A progressive legislation. rail-
mad regulation bill without a pc
,lsIoa for physica! vsiO&tiOn,- Is al
farce.
The national Democratic platform |
IF 1903 declared IN vigorous Ian
yuage for efficient supervision andf
rate regulation of railroads" and to
hat end strongly recommended the
taking of a physicalvalustion by the
Interstate Commerce commission.
But when it is considered that
Hartman contributed $500. 900 to
the Republican campaign fund on
behalf of the railroads, that proba-
by numerous other railroad mag
mates advanced equally large sums,
aud that the very bill Congress IS
about to place upon the statute
books vas originally drawn in New
YORK and submitted to the railroad
interests before being introduced in
Congress. it IS not SO strange that
the ply cal valuation amendments |
received their desshs.abs even alter
passed by goodly majority in the
house of Repr ssentatiyes.
On, American people, you must
be more vigilant than you are If you |
would continue to deserve the title
of patriotic people.
WHERE MR.. TAFT GETS SUGGESTIONS. |
Repubica an senators who NEST
frequently visit the White House are;
Aldricb of Rhode Island, acknowl. |
edged congressional representative
of Wall street and the tariff trusts.
Lodge of Massachusetts, VINO de-
clares the ultimate consumer to be
a myth.
DepeS Of New York, chairman of
the board of directors OF the New
York Central ana Hudson River
railroad, and director Of 62 other
transportation and franchise cora
porations.
Senators Stephenson of Wincon-
sin, and Guggenheim Of Colorado,
who are frequently referred to as
having bought their way into the
senate.
And here are the Republican sem
ators with whom the President does
not confer: Lafollette of Wisconsin,
Clamp of Minnesota, Deliver and