Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1912-03-14
SEN. La TOILETTE
ANNOUNCES CREED.
In Plat. Issued Today, He Takes
Stand for the Recall, Tax
Equalization and Par
GELS Post.

Madison. Wis, March 14.-The polit-
ical creed of Senator Robert NJ. La Fol
letter was given out here today, declar-
ing his belief in the initiative, referen-
dunn, recall, direct nominations and
government ownership and operation of
express companies, and his opposition TO
ship subsidy, the Aldrich currency plan
and Canadian reciprocity.
In his platform the senator says: u
believe in tho initiative, referendum and
tions, not only as applied to states. but
also in the extension of these principles
to the nation as whole.
"The equalization of the burdens of
taxation, on r. property basis, through
the adoption of graduated income and
Inheritance taxes.
The parcels post.
Government ownership and govern
ment operation of express business az
actual cost to the public.
THE reasonable valuation OF the
physical property OF railroads, justly
inventoried and determined, as the ba-
sis for fixing rates and the extension of
the powers and the administrative con-
troll Of the Interstate Commerce COM
mission.
Il would have the nation know how
tion was contributed by those who own
the railroads, and how much by the
people themselves.
II believe In the creation OF com
mission, with power to investigate and
ascertain the illegal acts of all trusts
and combinations and with power TO
ascertain the reasonable valuation
not the monopoly valuation-of the
physical properties of the great monop-
olies beginning with the natural re-
sources, such as coal, oil and iron; In
the creation of a tariff commission of
experts, clothed with real power, to de-
termine the valuation OF all the elc-
ments of production. costs and profits,
the reduction Of tariff rates to the as
certained difference between the labor
In this country and abroad.
What He Opposes.
Il am opposed:
ITO ship subsidies which, once en-
trcnched, will become another corrupt
ing influence in our politics.
"'ro further extravaganza on the adj
vice of interested persons only. In
building battleships and politica! navy
yards, and favor an unprejunlced com
mission to Investigate and report what
is required In the way of national de
fenSe.
TO the dollar diplomacy, which has
reduced our state department from its
| high place as a kindly Intermediary OF
deYenseless nations into n trading out
post for Wall street interests, aiming to
exploit those who should be our friends
\ ITO the Aldrich currency scheme.
ITO the Canadian reciprocity agree
ment.'
| Accompanying his platform, Senator
La Toilette makes the statement:
when Roosevelt became president
the total amount of the stock and bono
! issues of all combinations and trusts
| including the railways then I'm combi-
1 nation, was only 3S,7S4 100000. Wher
he turned the country over TO Taft
| whom he had selected as his successor
the total capitalization of the trusts ant
1 combinations amounted to the enor-
| nous sum OF $31 ,672 0o00 900 more thar
10 per cent Of which was water. Pricet
| were put up on transportation and OF
to pay interest and dividends on thi:
fraudulent capitalization"
4 A policy of government ownership
| and operation of Alaskan railroads and
coal mines and of an Alaskan steam
sliIp line by way Of : Pacific portt
through Panama tonight is also favored
by the Wisconsin senator.
In Calculating his position In regard
to trust and tariff commissions lis
says:
'.Instead of each of these govern
ment commissions investigating the
same facts independently. ] believe i
would be practical for Il single boart
of expert accountants. statistlcians
economists and engineers to be empow
| cred to get the facts not for the con
/ fidential use of the president or thu
departments. but for congress and th'
public"