Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1912-06-19

OJ6l0A VI Hi ClNliiI0Q HdI1Oiby "a
their relations to our own system
and the needs of American business.
The commission has reported a bill
for the establishment of a new sys-
TEN Of reserve associations, under
which the currency will be elastic,
the business of the country will find
ready sale for its commercial paper,
the people of the country at large
will exercise control, instead Of a
little group of large bankers, and the
danger of panics with disappear.
Taft Recommendations.
THE President has recommended
the conclusion of the commission to
the Congress, where the proposed
bill is under consideration.
"It is for the interest of every
business man in the United States
that the party controlling the gov
eminent shall not be changed until
this policy has been carried into ex-
ecution.
in order that the burdens of gov
eminent support may in time of need
be more justly proportioned to the
means of our citizens, the last Re-
publican Congress submitted to the
legislatures of the States an income
tax amendment of the constitution,
and at the same time upon the
recommendation of the President en-
acted a law, which has been sustained
by the Supreme Court, imposing a
tax upon corporations, measured by
their income, so that this vast fund
of invested capital may bear it's fair
share of the public burdens. At the
rate of only / per cent. upon cor
porate income the receipts from this
! source during the last year amount
ed to over $50, 000, 900.
Upon the recommendation of the
President the powers of the Inter
state Commerce Commission have
been greatly enlarged, and their con-
troll over railroad rates and railroad
service made more effective. Rail-
road rebates have been vigorously
prosecuted, and the imposition of
large fines has substantially ended
the practise. Upon prosecutions of
railroad determinations and fraudu-
lent importations at the custom house
under the vigorous treatment of the
treasury department and the depart
ment of justice the fines and recov-
cries of the last three years have
amounted to Owe $4,000, 900.
Prosecutions Of Trusts.
The prosecution of trus s and COM
binations in violation of the Sherman
act has proceeded with extraordinary
vigor and success. The Standard OIL
Company has been dissolved by a suit
begun under Roosevelt and brought
to a successful conclusion under Taft,
through a judgment in exact accord
ance with the prayer of the complain
ant. The tobacco company has been
dissolved and it's property scattered
among fourteen different companies,
with stringent injunctions against
common control, which, in the unani-
nous opinion of the foul judges of the
Circuit Court of Appeals, were fully
adequate to accomplish the relief de-
manded. The beef packers. the
wholesale grocers, the lumber dealers,
the wire makers, the window glass
pool, the electric lamp combination,
the bathtub trust, the shoe machinery
trust, the foreign STEAMSHIP pool the
sugar company, the steel corporation,
the harvester company-all have been
made to feel the heavy hand of the
law through suits or indictments
against restraint and monopolies.
Caring for Interests of Labor.
Throughout that wide field in which
the conditions of modern industrial
life require that government shall in
tervene in the name of social justice
for the protection of the ~wage-earner
the Republican national administra-
tons in succession have done their
full, enlightened and progressive duty
to the limit of the national power
under the Contitution.
The act of March 4, 1907, to regulate
the hours of service of railroad EN-
ployees, passed under the Roosevelt
administration, has been sustained in
the Supreme Court under the Taft
administration, and has been en-
forced by more than fifteen hundred
prosecutions during the last three
years.
A valid and effective employers liza
biIity act, applying to all interstate
commerce. was passed by a Republic
can Congress on April 5. 1910, and
under the Republican administration
its constitutionality has been sus-
tanned IN the Supreme Court.
Upon the Presidents recommends
ton a joint commission was created
by Congress to study the subject OF
workmen's compensation for injuries
IT was composed of members of both
houses, with a representative of the
railroads and a representative of
- ,ftot nvhai 1ctiUa aXamina-
tion and hearings the commission
framed a bill which was approved by
all the great railroad labor organi-
cations and which was passed by n
Republican Senate at the present SEES
sion against the opposition of a ma
iority of the Democratic senators.
| That bill still slumbers in the Demo
cratic judiciary committee of the
House.
Safety Appliance Act.
The safety appliance act has been
strengthened by increased power In
the Interstate Commerce Commission
and has been enforced by nearly a
thousand prosecutions during the last
three wears. The Joint representative
of the great orders of railway con-
ductors. railway trainmen, locomotive
engineers and locomotive 1remen and
enginemen, says in his report on ma
tional legislation for 1911 regarding
that department of the present ma
tional administration especially con-
cerned in the enforcement of these
laws:
Justice to one who has been faith
full to his trust demands from every
representative of the railroad men of
the United States some recognition
of the splendid work of the attorney
general in the enforcement of all the