Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-08-08
ru1ns ErUBrIuAN observation-disclosures ls,a
ana tiiaG control by sharing with the
public the fruits thereof.
corperatjen Regulation.

= IL
Cooperation Regulation.
We therefore demand . strong ma.
t!csas regulation cS interstate norpor.
atoms. The corporation 10 an essential
part OF modern business. The concen-
tration Of modern business, in some de-
gree. 10 both inevitable and necessary
for national and international business
efficiency. But the existing concen-
tration OF vast wealth under q corpor-
ate system. unguarded and uncon-
trolled by the nation, has placed IN the
hands OF . few men enormous. secret,
irresponsible powers over the daily life
OF the cittzen-a power insufferable IN
free government and certain of abuse.
This power has been abused In mo-
nopoly OF national resources, In stock
watering. in unfair competition and un-
fair privileges, and finally in sinister
influences on the public agencies Of
state and nation. We do not fear COM
mercial power, but we insist that it
shall be exercised openly, under pub
licity. supervision and regulation of
the most efficient sort, which will pre-
serve its good while Graduating and
preventing its evils.
Want Federal Body.
To that end we urge the establish
commission Of high standing. which
shall maintain permanent active super
vision over industrial corporations en-
gagged in interstate commerce, such OF
them as are public Importance, doing
for them what the government now
does for the national banks and what is
now done fon the railroads by the in
terstate commerce commission. Such
q commission must enforce the COM
plete publicity Of those cooperative
transactions which are Of public inter-
est; must attack unfair competition.
false capitalization and special privi-
lege, and by continuous trained watch
fulness guard and keep open equally to
all the highway of American commerce.
Thus the business man will have
certain knowledge Of the law and will
be able to conduct his business easily
In conformity herewith; the investor
will find security for his capital; divi-
bends will be rendered more certain;
and the savings Of the people will be
drawn naturally and safely into the
channels Of trade.
Under such system OF constructive
regulation, legitimate business freed
from confusion, uncertainty and use
less litigation will develop enormously
with the enterprise Of the American
business men.
We pledge ourselves to the enact
ment OF a patent law which will make
1t impossible for patents to be sup
pressed or used against the public well
fare in the interests OF injurious mo-
nopolies.
We pledge our 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 people
may not be impaired or destroyed. we
demand the abolition Of the commerce
court.
Must Change Currency.
|; We believe there exists imperative
need for prompt legislation for the i'm
provement of our national currency
system. We believe the present method
of Issuing notes thru private agencies
Is harmful and unscientific. The issue
Of currency Is fundamentally govern
ment function and the system should
have as basic principles soundness and
elasticity The control should be lodged
with the government and should be
protected from domination or manipu- :
lation by Wall street or any special in
terests.
We are opposed to the so-called AL
drich currency bill because its pro-
visions would place our currency and
credit system in private hands, not sub
iect to effective public control.