Martinsburg statesman-democrat. [volume] (Martinsburg, W. Va.) 1906-1921, 1912-08-30

IN business with a fair opportunity
to compete.
He explained the increase in value
OF the stock of the various Standard
Oil companies since the dissolution by
stating that prior to the publicity Civ
en- these corporations by the govern
ment decisions the public was unaware
OF the Intrinsic value of Standard Oil
stock and that when the government
succeeded In disclosing Standard Oil
earnings and assets investors natural
ly began TO find out their worth and
the stocks steadily increased in price.
In keeping with "New Nationalism, P"
the subject Of his address. Mr.. Kellogg
proposed still other steps for the more
euitable conduction of the business of
great corporations. He advocated the
institution 'of Corporation Commits
sion in the Department of Comerce
and Labor with right to supervise in
dustrial corporations OF this country,
stating that it was futile to attempt to
control the industries of the country
through criminal or civil actions pros
ecuted in the courts by the Federal
Government This commission he
stated should amount to the federal IL
cense and control OF corporation but
should not attempt to control the
prices of these corporations.
Mr. Kellogg also injected new note
into the symphony OF New Nationalism
by suggesting the feasibility of federal
owned and operated trusts in compe-
tition with those already privately in
existence. and further stated that
where the wealth of corporation en-
dangered the Independence of other in
dustries it should be subject to govern
ment supervision. Such corporate
control would apply only TO those
trusts doing interstate business.
In touching on the initiative and ref
erendum, Mr.. kellogg stated that I'M
der present circumstances he could
see no objection to the people initia-
ting these amendments if they were
surrounded by reasonable safeguards
so as to prevent sudden and unwise
changes in the fundamental law of the
state.
With regard to the recall of officials
Mr.. Kellogg was of the opinion that
The short elective term was wiser
provision for the removal of an offend
ing officer The judiciary he said
should be as far as possible removed
from the influence of the other two
branches of the government.
Mr. Kellogg saw no danger to the
United States through the excessive
wealth of individuals, stating that mo
individual ever has monoplized and
controlled the industries of the coun-
try or even will do so except through
the course of the law
In closing he made strong plea for
paternal legislation looking toward
the well fare of the workingmen.
MORE PEANUT POLITICS.
If Governor Glasscock wished to
prefer charges against Senators Wat
son and Chiffon, why did he delay I'M
til Congress was ready to adjourn?
The scheme was Matched Sunday in
Charleston. and the Governor dispatch.
ed William Seymour Edwards, the
Bull Moose member Of the Republican
National committee, to Washington
with memorial composed mostly of
newspaper clippings, and had it pre-,
scented to the Senate. With but one
exception, every Republican Senator
voted to expunge the charges from the
Record because they were not made in
good faith.
The Governor also knew that both
Senators would be absent Monday and
could not defend themselves. But fair
minded men were there, and they
promptly served notice on the Cover
nor he could not play peanut politics
In that body
If the Governor is so anxious for a
little notoriety, let him take the wit
ness stand and answer these ques-
tons:
Were you not nominated by Senator
Stephen b. Elkins on a Sunday at his
home at Elkins?
How much money did Senator Elk
ms give you for accepting the nomi
nation? Some Republicans have said
$4,000.
Is it not a fact that Senator Elkins
paid your campaign expenses?
Isn't it true that YOU used the money
Senator Ellins gave you to purchase
your election in the Black belt, and
that you would have been defeated
had it not been for the fragrant VIOLA
tons of the election laws in Mcdowell
and Mingo counties? =
Isn't it also true that you have
reated the Standard Oil Company with
the same consideration Mr. Dawson
did while governor for favors you re
ceived in the 1905 campaign?
Why is it you have been repudiated
by the leading Republican newspapers
of the State?
,.,,,