Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-04-28

more profound phase Of the present
situation. worthy Of your consideration.
I'VE have been led to believe that a
substantial step had been taken
toward the protection Of the public
against organized business; whereas
we find that precisely the opposite re-
suit has been accomplished. We have
taken d substantial step toward the
protection, not of the public against
the trust, but a protection of the trust
against the public.
"The fact is that beneath all the
noise, big business wants to be regu-
lated. 1t is hungry for regulation.
I'm the name Of regulation, charges
can be advanced, and public clamor
silenced.
"In the name Of regulation. the gov,
eminent will become sponsor for the
success of private companies.
"In the name Of regulation, copeti-
ton can be strangled
Too Much Regulation?
Five years ago we commenced the
task of securing a general revision in
freight rates affecting the state Of
Iowa. At that time the business men
of Keokuk and the other Iowa cities
on the Mississippi river, had to pay a
bridge toll of cents on every hundred
pounds of first class merchandise, and
less on the lower classes, on all the
freight coming from New York, Boston
or any other city in eastern trunk line
territory. Your competitors at st.
Louis paid no bridge toll. You also
paid rate several cents higher than
that paid by the jobbers' and manu-
facturers at st. Louis. That situation
was created by the railroads.
"On Jan. To-: 1915. you were placed
on an equality with ST. Louis on
freight traffic from the Atlantic sea-
board for the first time in the history
Of this state. Regulation did that.
Have you folks had too much regu-
lation2 @ V: 5SS \ ,N2a
/ Today we are trying to complete
that task by getting keokuk, Fort
Madison, Burlington and the other
Mississippi river cities ON an equality
with St, Louis on traffic from the
balance of the territory in the East in
Guiding Ohio. Michigan and Indiana.
The taking of the evidence has been
completed the, case will probably be
argued within the next sixty days, and
our esteemed editor of the Burlington
Hawkeye is doing all he can to- help
the movement along, byldeclaring that
We have tod much regulation.
= =. n Trusts lnsoIubIe.
Wei 'The railroads in the United States
are charging as much today, on an
average. to haul a. ton one mile, as
they did seventeen years ago; but the
average percent Of dividends on the
capital stocked American railroads is
more than double: what it was seven
teen years ago. The holders of the
capital stock of our railroads. have, abb
sorbed practically all the benefits
growing out Of the revolution in
American railroading that has been
going on during the past fifteen years.
And yet we are told we have had too
much regulation. What aagfarce such
a., statement becomes. when tested by
the actual facts! 80 .
Ex-Governor Hadley made, ma
tional reputation by dissolving the
Standard oil trust, in Missouri. under
the name of the Waters Pierce Oil
Company. and driving it out of that
state. But the Standard has been
thora ever since, under another hame!
p "Mr. Monette made national repu-
tation by dissolving the. Standard oil
trust in Ohio. and driving tout OF that
state, But the Standard has been
there ever sinces 49, .sg.
u ..Ttey droves the STANDARD out Of
Texas, but she has been there ever
since. - s's;ssc4tga.ssas.. 4 i SSl
They dissolved the Standard, Oil
Company turnout the United States
by order OF the highest court in the
land And tbs said that the next
week the stock of the Standard sold at
the rate of s10o,00O,000 more than be-
fore it was dissolved. The dissolution
proved to beta joke in the science OF
government. NJ ~, $50. aEy.....
( ut, may be possible at some future
day to dissolve the trusts; but, mean
time, it is up to us to devise some
other efficient plans that will bring
practical results, safeguarding the in
terests of the producer, the consumer,