The Cimarron news and Cimarron citizen. (Cimarron, Colfax County, N.M.) 19??-19??, 1911-03-25

man who is mentioned in connec.
tion with the next Democratic NOM
intation.
Senator NewIand's Plan.
One of the recognized Democrat
ic leaders, Senator Francis G. New
lands, of Nevada, has written let
ter to Champ Clark in which he
outlines a programme for Demo-
cratic action. 1t has been practi-
cally certain, says Senator New
lands, that in addition to recipri-
ity, Congress will take up the
tariff also. The Senate will prob
ably follow the lead of the House
with regard to the selection of the
committee to consider reform and
constructive legislation. 1t is i'm
cumbent on the Democrats to in
dicate decisively to the country
what the party proposes to do if it
should be intrusted with power in
1912. He says:
THE voters in the next cam
paign will rely more on our perform
ances than upon our promises, and
we should, therefore, during the
extra session and next session
crystalline into legislation so far
as we can the pledges we have
made in our platform.
Senator Newland recommends
adjustment of the trust and bank
ing questions by national comis-
sions in the same way that railroad
question been handled. He believes
in appointing budget committee to
cooperate with the committee on ex-
penditures in the Senate and the
economic commission appointed by
the President, and the reduction of
the military and naval expense to
500, 600, 600 annually for the Army
and a similar sum for the Navy,
with the creation of a merchant
marine to be an auxiliary to the
Navy in time of war, and free entry
to American registry for all ships,
wherever built; for conservation
and the development of internal
waterways; in the independence of
the Philippines when those islands
are able to maintain a stable gov
ernment; for their naturalization,
and in throwing open their trade to
all countries.
Senator Newlands remarks that
the transportation question may be
regarded as adjusted as far as
legisiationis conscerned, except
the physical valuation of railroads
and the regulation OF railroads and
bond issues. He recommends the
organization OF national holding
companies, in which all the States
participate.
In contrast with the work of
the Interstate Cmmerce Commits
sion, Senator Newlands finds that
the enforcement OF rhe Antitrust
Act has been lame and halting,
changing with shifting incum-
bents OF the Attorney Generals
Office and according TO the requtr-
ments of political exigencies. In
consequence there exist over 800
trusts of enormous capitalization,
practically without regulation or
control. The remedy suggested rs
the organization OF an Interstate
Trade Comission with powers sim
liar to those of the Interstate Com
merce Commission. Legislation
should be had to restrict the ac-
tivities OF the trusts, providing for
a license system and requiring uni
form prices to all purchasers.
Interstate exchange or banking,
says Senator Newlands,i is as much
a part OF interstate Commerce as
interstate transportation is. The
big New York banks, have forgot
ten their true function, that of ex-
change, and have been turned over
to the aid Of promotion and specu-
Iation. The interests Of depositors
have not been adequately safe
guarded. The Senator says;