Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1912-06-19

rcncy VIII be elastic, tne BUSINESS u INC
country will find ready sale for its com
mercial paper. the people of the coun-
try at large will exercise control instead
of little group of large brokers and
the danger of panics will disappear. The
President has recommended the conclu-
sions of the commission to the Congress.
where the proposed bill is under consider
alton. IL is for the interest of every
business man in the United states that
The party controlling the government
shall not be changed until this policy
has been carried into execution.
IN order that the burdens of
government support may in time
Of need be more justly proportion
ed to the means of our citizens
The last Republican Congress sub
nttted to the Legislatures of the states
an income tax amendment to the Con-
sIftutiop and at the same time, upon
he recommendation Of the President,
sn@ctcd a law which has been sus-
tanned by the supreme court, imposing
a tax NJ On corporations, measured by
their income. SO that this vast fund oil
Invested capital may bear its fair share
of tie public burdens At the rate OF
only / per cent upon corporate income,
The receipts from this source during
the past year amounted to over SD
0O00
upca the recommendation Of the
President. the powers Of the Interstate
commerce Commission have been
greatly enlarged and their control over
'ailwev rates and railway service made
more effective. Railroad rebates have
been vigorously prosecuted and the
Imposition Of large fines has substan-
italy ended the practice. Prosecutions
OF railroad determinations and fraud
uient valuation at the customs house,
he fines and RECEIVERS of the past three
Years have amounted to over $4,000, oO0.
rhe prosecution of trusts and eembi-
pations in violation of the Sherman
act has proceeded with extraordinary
vigor and success.
Mr. Root recalled the dissolution of
the STANDARD Oil Co, and the prosecu-
ton eff the beef packers. the wholesale
grocArs, the lumber dealers, the wire
makers, the window glass pool. the
electric lamp combination. the bath
tub trust, the shoe machinery trust,
the foreign steamship pool. the sugar
company, the Steel Corporation and the
Harvester Co. Continuing. he said:
Throughout that wide field in
which the conditions of modern in
iustrial life require that government
shall intervene in the name of social
Justice for the protection of the wage
Garner, the Republican national add
ministrations in succession have done
their full, enlightened and progressive
1uty to the limit of the national power
under the Constitution" He mention
ed the action of March 4. 1907. to regu-
late the hours of service of railroad
employees. sustained in the supreme
court under the Taft administration
the constitutionality Of the employees
liability act, sustained I'm the supreme
court, and the creation of joint COM
mission by Congress to study the sub
iect of workmens compensation for
injuries. He said:
The commission framed a bill
which was approved by all the great
railroad labor organizations and which
was passed by Republican Senate
at the present session against the OPP
position of majority of the Demo-
cratic senators. That bill still num-
bers in the Democratic judiciary COM
mittee of the House The safety APP
pliance act has been strengthened.
The newly created bureau of homes
and the newly organized children's
bureau mark 1.-THE limit to which the
national government can go towards
improving the conditions of intra
state iapof without usurping the pow
ef OF the state. me pure food law
mas peeh enforced with Vlgor and ef-
lectINehess.
me conservation OF natural re-
sourees Has peeh IN the nands OF ITS
Arlehus, lie spoke OF the operation
u the lihlpef ana the agricultural land
IN the great forest reserves the study
ol the water resources, the recording
81 tue now OF streams. classlflcation
anu appraisal OF coal lands and their
feseofatioH 10 entry at discriminating
prices based upon The classification
ma the examination and classification
~ the petroleum deposits and phospote
ueposlts ana waterways belonging to
the government. over o0,o00 people.
ne sala' are now living upon the claim
70 iahd. continuing he said:
treat reforms have been made in the
economy OF the public service. A COM
mission appointed by the President hn