Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1912-08-15

porations. The corporation is an essen
tial part OF modern business. The con-
centration of modern business in some
degree, is both inevitable and necessary
for national and international business
efficiency. But the existing concen-
tration of vast wealth under a corpor-
ate system. unguarded and uncon-
trolled by the nation. has placed in the
hands of a few men enormous, secret.
irresponsible power over the daily life
OF the citizen-a power unsufferable in
a free government and certain of
abuse.
This power has been abused in mo-
nopoly of natural resources. in stock
Watering. in unfair competition and
unfair privileges. and finally in sinis-
ter influences on the public agencies
of the state and nation. We do not
fear commercial power. but we do in
slst that it shall be exercised openly.
under publicity. supervision and regu-
latlon of the most efficient sort which
will preserve it's good While graduating
and preventing its evils.
To that end we urge the establish
ment of Il strong federal administra-
tive commission of high standing.
which shat! maintain permanent, active
supervision over industrial corporations
engaged in interstate or
SUCH of them as are of public import
ance. doing for them what the gov
Ices for the national banks.
end what is now done for the railroads
by the Interstate Commerce commits
sion.
Such a commission must enforce the
complete publicity of those cooperative
transactions which are of public inter
est; must attack unfair competition,
false capitalization n special privi-
lege. and by continuous trained watch
fmlness guard and keep open equally to
All the highways of American COM
merce. Thus the business man will
nave certain knowledge of the law and
VIII be able to conduct his business
easily in conformity herewith: the
investor will find security for his cap
certain and the savings will be drawn
naturally n safely into the chan
nels of trade.
Under such a system of constructive
regulation legitimate business. freed
from confusion. uncertainty and fruit
less litigation, will develop normally
in response to the energy and enter
ASh OtSkklO66 IlkdIl.
Patents.
We pledge ourselves to the enact
ment OF a patent law which will make
1T impossible for patents to he sup
pressed or used against the public well
fare in the interests of injurious mo-
nopolies.
Interstate Commerce Commission.
We pledge u party TO secure to the
interstate Commerce commission the
power to value the physical property
OF railroads. In order that the power
OF the commission to protect the peo-
pie may not be impaired or DESTROYED,
we demand the abolition of the COM
merce court.
Currency.
We believe there exists imperative
need of prompt legislation for the inn
provement OF our national currency
system. We believe the present method
of issuing notes through private agen-
cies Is harmful n unscientific The
issue of currency is fundamentally a
function, and the system
should nave as basic principles sound
ness n elasticity. The control should
be lodged with the government and
should be protected from domination
or manipulation by Wall street or any
special interests.
We are opposed to the so-called AID
DhI OCSduSC It's DTCSlS-
ions would. place our currency and
credit system in private hands. not sub
ject to effective public control.
Commercial Development.
The time has come when the federal
government hOu with
manufacturers and producers in ex-
tending u foreign IL this
n we demand adequate appropria-
lions by congress and the appointment
nf dt1lInr1Nfyn .y,v
solely with a view to their special fit
ness and worth. and not in considera-
tion of political expediency.
1t is Imperative to the welfare Of our.
people tina we enlarge and extend our.
foreign commerce. We arc pre-emin-
emily. fitted to do this. because as "A
people we have developed high skin
in the art of manufacturing. Our bust
ness men are strong executives. strong
organizers. In every way possible our
federal government should cooperate
in this important matter. Anyone who
has had opportunity to study and OBJ
serve at first hand Germany's course
In this respect must realize that the
policy of cooperation between govern
ment and business has in comparative-
ly few instances made them Il leading
competitor for the of the
world. 1t should be remembered that
they are doing this on a national scale
and With large units of business. while
the democrats would have us believe
that we should do it with small units
OF business. which would be controlled
by the national government. but
by ~ state sovereisnties. Such a policy
is utterly out Of keeping with he
progress Of the times and gives our
great commercial rivals In Europe
hungry for international markets
golden opportunities OF which they are
rapidly taking advantage.
Conservation.
The natural of the nation
must be promptly developed and gener-
any used to support the peoples needs.
but we cannot safely allow them to be
Xa3ted eynloitad nannnnolixad a ~