Mexico Missouri message. (Mexico, Audrain County, Mo.) 1899-1918, 1914-06-04

uUuoo was Ilthbdu W bARRbAN Wv
president under rule Of the caucus
and this of course naturally could be
depended upon to be effective In hold
ing progressive Democrats in line. 1t
already has been made to appear, how
ever, that the support Of the progress
sive Democrats in the house was OBJ
tanned by the yielding of the leaders
to the demand that the house should
consider rural credit legislation ut this
session although this course was
against the presidents will In the
matter.
Rural Credit Must Walt.
This does not mean at all that ru-
raj credit legislation viii be put
through congress at this session, for
while the house leaders seem to have
yielded in the matter, It is understood |
I that the senate Democrats will stand |
| by the administration and put rural
credit legislation over until more !
study can be given the subject and
more proof adduced that the present
currency bill in itself will not meet
the special demands Of farmers
credit system.
| While 1t is virtually certain that the
senate will put through the admins
tration's antitrust measures, 1t Is
probable the Democratic senators will
be compelled to hold what they call
conference, but which in reality will
be q caucus, in order to bind all the
party members to the support of the
projected legislation. If the senate
majority does not hold conference
1t is known there are several majority
members who will be much inclined to
bolt when the voting time comes on
the antitrust bills as at present for
INFLATED.
Their Reasons Opposite.
The Progressive Republicans in the
senate are opposed to the present
antitrust bills because they hold they
do not go far enough. The conserva-
tive Republicans are opposed to them
because they think they go too far.
The combination which by remote
possibility might defeat the legislation
in the senate would be composed,
, therefore, of elements which would be
, seeking to defeat the bills for diamet-
> rically opposite reasons.
. There seems to be real hope among
a the elements opposed to antitrust
:. legislation In its present form that 1t
n can be defeated, but it seems little
I curious that this hope exists, because
q when things come to the final pass
v almost unquestionably all the Demo
n Gratis will be found In line with the
v administration. Some Of them may
be a little sullen but no longer def.
Il ant, and for party harmony reasons
1. they probably will vote as the admin
n istration and the leaders wish them
q to do. Party harmony sometimes must
a. be preserved at the expense of indi
A. vidual opinion.
ID Probing Railway Finances.
lie For some time the interstate com
81 merce commission has been invest
id eating the affairs of the New YorI
n New Haven and Hartford railroad
C. The discoveries which have com
le through inquiry, and in considerable
part through confession, have no
al been of a kind to inspire the countr.
II. with the belief that cleanliness o
rs business dealing was the order of
n former day in the financial operation
ar of some of the officials Of this NeJ
as England line.
. The results have been such that II
Q quiries are to be started into the a
"A fairs of other roads, those In whic
m, the stockholders are said to have los
ea money and in some cases to hav
dc been burdened with debt because {
"a the manipulations of men whose dali
work is high finance"
Some time ago resolution was II
- troduced into the house instructor
no the interstate commerce commissio
nv- to look into the matters connecte
~ with certain railroad operations sal
- to be shady Two railroads, the Roc
Island and the Pere Marquette, wei
"a, named. The resolution was not actt
IA upon by the house, but the commits
- which had II in charge suggested tn
-, the subject matter simply be referr'
~ to the commission with the rogue
al that 1t act IL the conditions seemed
A., Justify action. The commission h
decided to act.
There is said to be no intention
the part of the members OF the co
- mission to investigate any railroads
~ 81 the country whose financial operatio
~ have not given rise to a reasonat
IN belief that they have INDUCED
hot practises similar to those which ha
Ne' brought the New Ravens doings In
il' the limelight.
ine' There seems to be a belief on
part of the commission that full pl
licity of the manipulations which ha
ON brought trouble to innocent sto'
asst holders is the surest way to preve
to bad conduct by high f1nanciers"
TO the future. The commissioners fe
ugh ing apparently ia that publicity OF Il
he kind will be OF much greater serv
xers IN the people OF the country than