rax nun duu&i ovard, irraiuv, a, ioo
SPEECH OF ACCEPTANCE OF
JUDGE WILLIAM HOWARD TAFT
Cincinnati, Ohio. July 21. Fol
lowing 1. the spi-ei-h i f acceptance of
Judge Wm. I!. Tail, delivered to tin
official notlflratioii committee In thin
city today.
"Senator Warner auil Gintlemi n
of the Committee: I sin deeply bh
alhle to the honor which the Itcpubll
can national convention hai conferred
upon me In the nomination' which
you officially tender. I accept with
full appreciation of thu responsibility
It Impom.
IU-ub1iran Strruifili In Maliin-iuuiw
uf llouwivrlt rollclt
"Oontlemen: The strength of the
republican caue of the change at
hand li the fact that we represent
policies essential to the reform
of
an I lire the country .gainst a d
P irtuie from them.
lil. f l iiiii tMni of 'M AiliiilnMra
tion tu t'lliuli W hat lino
III'!! IHHIO.
"The ffht'-f function of the nci' ad
ministration, li ll.i Judgment lb li i -
Unit from, and a progressive devel
opment which has been performed
by l'rcsldent Hoosevelt.
"The chief function of the next ad
ministration in to perfect the machin
ery by which t bene standards may bo
maintained by wnicn tne law ur-an.-r
may he promptly restrained nnd pun-liih-d.
hut which Hhull operate with
sufficient, accuracy and dispatch to
Interfere with the greut business as
little aa possible. Such machinery
la now adequate, l.'nder the present
rate bill and under all Its amend
ment the burden of the Inter-Htate
Commerce Commission l supervising
and regulating the operutlon of the
I railroads of this country have mwo
no heavy that It Is utterly Impossible
for that tribunal to hear and dispose
In any reasonable time of the many
complaints, queries and Issues of its
Jurisdiction as an executive, directing
body and Its fuiic'lons should be lim
ited to the quasi-Judicial Investiga
tion of complaints by individuals and
by a department of the government
churned with executive business of
supervising the operutlon of railways.
"There should be a classification
of that very small percentage of In
dustrial corporations having power
and opportunity to effect Illegal re
stialnls of trades and tiionnpolloH
and legislation either Inducing or
cumiielllng them to subject them
selves to registry mid to proper pub-,
licit y resolutions and sun rvUPuiH of
lite liepartuiciit of Commerce' and
Labor.
ItlliiUlty T'Hi!le .V'-l'I'i'lllclifM Ap
pltilfil liv tile ( 'oillllllkioll
Should be Valid.
"It ll! illil'eealile to Hole In tills re
gard lliil III" repillilli nil i 1 . 1 1 ' ' i 1 1 1
eH-ensly nnd llie ili'llii.i Tn I lr plut-
mornl ii wiili nlng a un tin in Ilia! , form Impliedly approve nil nni.nd-
biulcil well lor the Inline of the ; mi nt to the Inlcr-MuM I onine n e
I .ii w liy which Inter-tinte railways
may niitKe uwetiil Iririric agreements
If approved by coimnlsslon. This
has been strongly ruciiiniiicniled by
President Itoosevelt nnd will make
fur the benefit of the business,
riiyslcal Viiliililloll if ItullwiiyH.
Home of the suggestions of the
democratic platform relate really to
this subordinate and iiuclllery tna
chlneVy to which 1 have referred.
Take for insliinro the so-called phys
ical valuation of railways. It Is clear
that the sum of ull rates or receipts
of n rallrond. less proper expenses,
should be limited to a fair profit up
on the reasonable vnluo of Its prop
arty nnd that If the sum exceeds this
mearure It ought tu lie reduced. The
difficulty in enforcing the principle
la In ascertaining what la the nuison
ahln valuo of thu company' property
nnd In fixing what la a fair profit.
It la clear that the physical valuo of
a railroad and Us plant la an element
to be given weight in determining
known abuses to the continuance of
liberty and true prosperity and that
we are determined as our platform
unequivocally declares, to maintain
them and carry them on. Kor more
than ten years this country has
passed through an epoch of material
development far beyond any that ev
er occurred In the world before. In
Its course certain evils crept In. Borne
prominent and Influential numbers
of the community, spurred by finan
cial success and In that hurry for
greater wealth, became iinnilniirul
of the common rules of business hon
esty and fidelity and of the limita
tions Imposed by law upon their ac
tion. This became known. I he rev-1
elatlons of the breaches of trust, the
tlrti'loKiiria as to rebates and ilis-i
crimination by riillwii'a, the lurum-i
Hinting evidence of the violation of!
the Anil-Trust law by n number of
riirpuialliilis', the cvi -Ishiiam e of j
slink- and leu.iln i mi in! P'Ute rail-,
e ii ii t!ie iiiilan lul fliri. hlni; of j
llll'ei'tets nil 'I fill t he l II i of 'lll-
lilt Mi 1 1 111-, file mull ll ul railways 111 I
one Hid IKigi'lllellt all i ll lek i !! ll t he
cnllHclelli e nf tile pejple ami i.rillulllt
country.
What Hoom'vcII lias I ti tle.
'"t"he man who formulated" the ex
pr' .Ion nf the popular conscience
end w'''i led the ni'iviiuent'for prae
llcitt reform was Theodore itoose
velt. lie Inll down the doctrine thnt
the rich violator of the luw should he
ns aiminalilo to restraint and punish
ment ns the offender without wealth
and without Influence and hu pro
ceeded by recommending legislation
nnd directing executive action to
make that principle good In actual
performance, lie secured thn pas
sage of thn so-called rate bill, de
signed morn effectively tn restrnln
excessive and fix reasonable rates
and to puuisti secret rebates and dis
criminations which has been general
in the practice of tin railroads and
which had done much to enable un
lawful trusts to drive out of business
their competitors. It secured much
clever supervision of railway trans
actions and brought within the opera
tions of the aamo slatuto express
companies, sleeping cur companies,
fast freight and refrigerator lines,
terminal railroads and pipe Hues and
forbada In future (ho combination of
the transportation and shipping
business under one control In order
to avoid undue discrimination.
"President Itoosevelt directed
suits to be brought and prosecutions
llnstiiutrd under the anti-trust law
to enforce Its provisions against the
most powerful of the Industrial cor
porations. He pressed to passage the
pure food law and the meat Inspec
tion law In the Interest of the health
of the public; clean business methods
and great ultimate benefit to the
states themselves, lie recommended
the passage of a law which the repub
lican f.nynt!es l;K2 since r.pcci'Ui
ly approved, restricting the future Is
sue of stocks and bonds' by Interstate
railways tu such as may be used by
federal authority. Ho demonstrated
tn the people by what ho said, by
what be recommended tu congress,
and by what ha did, the sincerity of
his efforts to command respect for
the law; to secure equity of all he
fore the law and to save the country
from the dangers of plutocratic gov
ernment, toward which we were fast
tending. In this work Mr. Itoose
velt has had the support and sym
pathy of the republican parly and his
chief hope of success In the present
cunt roversy must rest upon the confi
dence which thu pcoplc'iit itt coun
try have In thu sincerity of the pur
ty's dci-liii'ftiton In It platform, that
It Intends to rulillutie the pelli'l-...
ecery lo IVUm Some Mivait ot
lYrmniiciiily S4N'tu ,ng l'rogit-ft
Joule. '
"I'l.Mldellt lt,,.i.e elt has net high
the stnuilanl of liuMtiess nuiriiUt . I nil coi inii .it lens d.'ing a ii.niuieri'l.il
The rntlioad rate Mil w.m mot,, use-I buslnos are engaged In Interstate
flit pnimlbly. In the linn, clinic luor- 1 commerce and It they were all re
al effect lit lu passage than even Initialled lo Like out a federal III i Use
the legal etteit uf its ct, itsetul pro- i or a federal ctinl ter the burden mum
niliitnent dates the Inter state business nf the coun
of the'tn would be Intolerable
all open up again, in
i unemployed ami may be employed,
'and In orde that we tiny have pros
i perlty which 'j!esed us for t-n years.
; the Identity uf Interests of capital,
the same business In these states. !,h '"f and the wage earner In
.Such a restraint of trade haa always ne urity. and profits can be too
been enforced at common law. largely emphasized. I submit to
"Again the employes of an Inter-! tn'"i,J Interested, to wige earo-
ate railway combine and enter up-,er". ' farmers and to business men.
.ii j peaceable and Irwlul strlk-i ;olhetDe' the Introduction into power
v. ,,r Iikiw Ae Ai romninn ii.u- the Democratic party with Mr.
this was not a restraint of trade or
commerce or a violation of the rights
of company or the public. Neither
case ought to be made a violation of
the Ami-Tryst haw. My own im
pression is that the supreme court
would hold that neither of these in
stances are within its Inhibition but
If they are so regarded general legis
lation amending the law is neces
sary. iM'morrutic riniilc to Limit Corpora
tion to Ownership of Fifty ler
(nt of tile I'uint and
Trorfuct Faulty.
"The suggestion of the democratic
platform that trusts be ended by for
bidding corKratlona to bold more
than fifty per cent of the plant In
any line of manufacture lg made
without regard to the possibility of
enforcement or the real evil In
trusts. A corporation controlling 45
to 10 per cent of the products may
by well known methods frequently
effect monoiKily and stump out com
petition In any part of the country
as completely an If it controlled sixty
or seventy per cent thereof.
t'oiiipiilsory Sule of lrHlucts.
"The proposal to compel a corpora
tion to Hell Its commodities at the
saute prlco the country over, allow
ing for transportation, Ih bitterly im
practical. If It caii'be shown that In
ihealthier Tone.. Oraually wealth, ! JoU, In such cases
rr'"r; ,doMnfm-,in it and the fact that
' buHlnega liivcstnit -nis
:h1'jw growth ami is ati
hary in ordr tnat our M'r - ---f(tT in damanes
cirri. -r that our i tl- . - , ,
' is at ant 'i.it oUvr " "l""'6
Znl remedy. ..The injury U.
fine single an " "
ness Hestriieluin lliMt tt imenlv arivo-
cateB as a remedy for present evils,
will bring .about the needed confi
dence for the restoration of prosepr-
lty.
.VecesnMy for lU'vlsion of Tariff.
The consequent material develop
ment has greatly changed the condi
tions under which many articles des
cribed by the schedules of the tariff
are now produced.
"The tariff In a number of sched
ules exceeds the difference between
the coBt of production of such ar
ticles abroad and at home, Including
a reasonable profit to the American
producer. The excess over that dif
ference serves no UBeful purpose but
offers a temptation to those who
would monopolize the production and
the sale of such articles in this coun
try, to profit by the excess rate. On
the other hand there are other sched
ules In which the tariff Is not suffi
ciently hlgtt to give the measure of
protection which they should receive
upon republican principles and on
thoHe the tariff undertaken upon this
principle which Is at the base of our
present business system begun
promptly upon the Incoming of the
new administration and considered
at. the special session with the pre
liminary Investigations already be-
irder to drive out a competition a i gun by the appropriate committee or
company owning n large plant pro-1 the house and ill" senate will make
dil-hig an article that Is s"lllng In 'the ill.smrl.anr - to business incident
one pair of the country where It hasiti such a chnn-.e a ;i"l as possible.
competitors at a low and unpiolii-1 Deiiim-rnHc Tacill I'laii mill It.s Ikttl j;.
able prli'i'. nnd In nnollier part of the l.tleci on Itii-iness onilltion. t , .
I... a suit m aw but It is me result
of a constant scries of acts, each of
which in itself might not constitute
a substantial injury of might not
make a suit at law worth while, all
of which would require a multiplic
ity of suits at law. Injiiriis of this
class have, '.since the foundation of
courts of equity, been prevented by
injunction..
.Notice and llearini; Itefore Issue of
Injunctions.
"I come now to the question of
notice before Issuing an Injunction.
It is a fundamental rule of general
, . , .. U..I1 l.n
aQ a'-judlcTa." priding "V'?
an act of the present congress per
mitting the issue of additional emer
gency bank notes, and insuring their
withdrawal when the emergency has
passed bv at a high rate of taxation.
It is drawn in conformity with the
present svstem of banknote currency,
but varies from It in certain respect
by authorizing the use of commercial
paper and bonds of gaod credit, ac
well as ('ntted States bonds, as secur
ity for its redemption.
"It is expressly but a temporary
measure, and contains a provision
for the appointment of a currency
commission to devise a new and re
formed svstem of currency
"This inadequacy In our present
currency svstem. due to changed con
dl'lons and enormotiB expansion, is
generally recognized. The Kepunli
can platform well states that we must
have a 'more elastic and adaptable
sys'em to meet the requirements of
FORFGURtf
i
T H
u i . 1 1 ki.n.lni. Th a fiiiiiim OlIU B.s.... ,
: ., "T " "iZr'h.H .n H must be automatic In operation.
lie. --"-; I"","""' recognizing the fluctuations In Inter
r in g1 tiers' coVrnHndia -t rates. In which , every dollar shall
. . " . ... .,i be as good as gold, and which shall
ueieuuam lu eueci iu iiiai. ium , nA Nnnn.n
ir"veill railii mn am .uiaiiLini
status quo until a hearing. Such a
process should issue only in rare
cases where the threatened change
of the status quo would Inflict irre
parable Injury if time were taken to
give notice and a summary hearing.
The unlawful Injuries usually In
Industrial disputes such as I have
described does not become formid
able except after sufficient time to
give the defendants notice and hear
ing. I do not mean to say th u there
may not be cases even in Industrial
disputes where a restraining order
might properly be issued without no
tice but generally I think it Is other
wise. If some state courts an.i 'in
fewer federal conrts. the practice of
issuing a temporary restraining or
der without ncllre merely to presf rve
the status quo on the theory that It
won't hurt anybody, has linen too
common.. .Many of us recall that the
piactb e has bei n pursued In
lllv IIUll JllS'ilieS CI.llVictli.il uniier tii
iintl-l no t lawst lint the proposal to
supervise the business of corporn-
t inns In sticii a way as lo fix the
prli e of tin' comiiioilit ies and com
plete the sale at such price Is as ab
surd and socialistic a plank us was
inserted in a democratic plat
form
Ailvitnhigc of Combination of (Vipltul.
"The combination of capital in
large plants to manufacture goods
with the greutest euonomy is just ns
necessary as assembling the purts of
the machine to economical anil rapid
iiinnufucturo of what lu old time was
made by band. The government
should not Interfere with nno more
than with the other nnd when such
aggregations of capltul are legiti
mate und are properly controlled for
they are thon the natural results of
modern enterprise and are benefic
ial to the public.
In the proper operation of compe
tition the public will soon Bhare with
the manufacturer the advantages In
enconoiuicat operation and luwer
prices.
What la an Unlawful Trust?
"When, however, such comblna-
Ita full value: but a President "ons are not baaed on any economic
Itormuviilt in his lndinnaoolls aneoeh principles, but are made merely for
and the Supreme Court have pointed, purvtwe of controlilnf the mar
out, the valuo of railroads as a go- ket to maintain and to taUe prices,
Ing concern, Including lu good will, i restrict output and drive out compe
due to efficiency of service and many ticn, tho public derives no benefit
othor circumstances may bo greater nd we have a monopoly. There
than the valuo of Its tangible prop- must bo some use by the company of
orly and It Is the former that meas-'the comprehensively great slxa of Its
urea the Investment on which a fair i capital and plant and oxtent of Its
profit mav be allowed Then. too. output either to coerce persons to
thn questl'or what Is a fair profit Is i buy of It rather than of some other
one involving not only tho rates of competitor or to coerce those who
Interest usually earned on normally would compel o with it to give up
safe Inveatmenls but also n suffl- thelo business. This must usunlly,
dent allowance to make up fo the! In other words, be shown In un ele
rlsk nf loss, both of capital anil In-1 ment of duress In the conduct of Its
tcrest In the original outlay. These i business toward tho customers In the
considerations will have Justified the trade nnd its competitors before
fair return on became un unlawful monopoly
w hole. The se-! perfectly conceivable that In tho In
terest of economy of production a
great number of plants may be legiti
Imately assembled under the owner
ship of one corporation. It is Im
portant therefore, that such large
aggregation of capital and combina
tion should he controlled so thnt the
avenues of enterprise may he kept
open to the Individual and the smal
ler corporation wishing to engage in
business."
"Mere aggregation of capital is not
n trust, says Mr. Tuft.
Proier Trent ment of Trusts.
"In law trusts should be restrained
with all the efficiency of the Judicial
processes and the persnns engaged lu
maintaining them should be punished
with nil tie severity of criminal
poll. ie Is that ..r liie Incrpi.ratli.ul 1 , i , ' ""
under ,u,!a law. or the licensing I 2 ""r"','' , ".'"; ""'!" '"'I ,h,:'r
hi n..ii.,M,.i ii, . s i , .....iigui niimn tne
, .... . . ' , , ',"" "', i law. lo licit r.
ifn, e. i,i..'tii.i, a eug.igi.i in inier-c-t
to tl.nle Tbe l.iet Is that nearly
than imlii-'iial dlsput-s. as for in
stance !n Tponro' and sto-k con-t:-nv,
ir.i h li -:i thr.se over the Krl.j H.
In which a may order wii'iout
mintiy where 11 has none, at an ex- I h" ileuiiicr ni : party In lis plat- j :l vatit ;i: to uie .me who s. cured it
inii.ii, i i.ii. , .- .''.. .. , ' " "."" :i'!d a corri'sponi ing i sai va"t;i-'e to
11 V ll e IIS Oil till' llllllelt ,1, , .. .,.
i by n in r.iu i i ,,, , ,
n exiiurte appinalion ar
iseil oyer those when
it is aneiiip'lng an unlnwtiil nmnop- p''''
of tile tariif d' hi. tine
as n ry:- em oi rniiii ry in uie ni-.nv fj(,
for the bene! it nf I lie lew. but It ll n s I ... ,,,.1.
declare l:s luti'iitlnii or cli.iuging the
tnritr wish a view t.i reaching, a rev
enue basis and thus to depart frnm
the pr::t "c.ive i-ysi i-iii. The introduc
tion Into power of a party with this
iivoweil purpose cannot but halt the
gradual recovery of the more recent
financial depression and produce
business' disaster, compared with
which our recent, panic nnd depres
sion will seem small Indeed.
Ijibor nnd What Republican Party
Huh Done Kor It.
We come now to the question of
labor. One Important phase of the
liincli iuer
rearing is i.'ranted and there mav In
wcys in which to affect the l"l -n-l
art to ins detriment, in the case of
a lawful strike the sending of a for-
iii.d.'iiiie (lo"iiiiieiit, restraining a
number of defendants from doing a
great many different things which
help the plaintiffs they are threat
ening to do, often so discourages men
always reluctant to go Into a strike,
from continuing what is their lawful
right.
"This has made the laboring man
feel that an Injustice is done In the
qualities of the present admlnlstra- conceived thai V n, V .
:'"n b A"'0 ?. . '1' thUqueltlonls ."he'St, 'cltl!
Vile nilKB CHI lid U I'l IIUI If Ul U1J- van fl n rt nf t Vi t . , ,
portunlty and such positive statutory subjects from h
protection as will nlace him nn Je"? fr.om. tl,e standpoint of the
man who believes himself to be un-
luol I- nll ..III, hi. l. i"."""
The republican prty hi. passed an J' fe communUy .fi 83 from that
employers liability law for Interstate aLees ted Th! tL '"T ' 1 haVe
railroads and has established an j fsuct tT dV, !' ret"rnlng
eight hour law for government em- under thToW ata,?.trlg P'L09
ploye, and on government construe- ""2 V . U' S"
tlon. The essence of the re- 8h ' e ",les en"u? adoPted
form effected by the former Is the ' ur.t "h,lc,h dld. Bot per-
abolition of the fellow-servant rule i eH 8Ulns ot an lnJunctlon
The number of instances in which
restraining orders without notice In
industrial dlspntes have Issued by
federal courts Is small and It is
urgd that they do not therefore con
stitute an evil to be remedied by
statutory amendment. The small
number of oases camplalned of above
shows the careful manner in which
most of the Judges have exercised the
Jurisdiction but the belief that such
are numerous has been so wide-
and the Introduction of the compara
tive negligence theory by which an
employe injured tn the service of his
employer does not lose all his right
to recover because of alight negli
gence on his part. Then Is the act
providing for compensation for injury
to government employes, together
with the various rules requiring safe
ty appliances upon interstate rail
roads for the protection of employes
and limiting the hours of their em
ployment. These are all the Instances
of the efforts of the republican party f T" nr0,ls'd such feeling
to do Justice to the wage earners. L.m '', !, . m.or0 '"doflulte
Doubtless a more conservative mens-. Jii Procedure to prevent
tire for the compensation of govern- 1 T Vl. "I ,h,"L" ls 'lls'''l'-'d if it
ment employes will be adopted In the : . ... , ''e,d without Injury to the
capital in Imposing charges higlj mere aggregation of capital or plant i th- Principle In such cases! wuh ' '',e ,"w' .
enough to Insure a fair return 1111 1 became nn unlawful monopoly It 1. 1 'n recognized and In necessar- , ,.'' rls f' "s. notice the
ti.v sotnewnat slow course of leglslu- ,, , contains n rec
enough to Insure
the enterprise as
nu ll Ies nt tnnrket price will have
passed Into the hands of subsequent
purchasers from thu original Inves
tor. Hueh circumstances should
properly nffect the decision of the
tribunal engaged in undermining
whether tho total of rates charged
Is reasonable or excessive. To ignore
them might so seriously nnd unjustly
Impair settled values as to destroy
all hepe for tevestniftit lu new rail
road construction which lu returning
proseprous times Issue is lo he es
sential in our material progress.
National Control of liilrr-Slate Coin
tuervo t'oi'iHirtit Ions. "
Am. tiler suggestien (u resp et to
subordinate j-.n t luil'.reri machluc-v
necessary to carry i.ut republican
tlon will be more fully embodied in '"' lmn' nly Intelligible
lief n lie ilnl..l..a . v .... uuuu
Allvillllllglfl of Villon,
To give to employes their proper
position In such controversy to en-
nhlo them to maintain
in regard tn inii.nninn
suits Is a reiteration of the plank In
. .. V ' ,u lbJ' anrt 19o. Pro
vlding that In Prosecutions for con-
themselves i ' '' , . . c0,lr,s wnera viola-
.....v- .m,,, i ... ..it. .11 iiiuniseives I ..na . , ' ."iu-
agaln, as employers having great cap-1 " "rrtt'r constituting the
Itnl they will unite because In union ,h 1 , , K0 ls 'ndirect. that is.
there Is strength and without It each ?h ,. .,. pres,'n-e he court,
Individual laborer and employe will ! e shBl1 be no Jur.v 'rial,
be helpless. The proportion of In-1 """Kctous Attack on Power of
O'urts.
,o''Tnl9 Provision In the 4ilaform of
lSih was regarded then as a most
dangerous attack mn the power of
V" ' 'uiorce trieir orders and
decrees and It was o-,e of the chief
r tile def -als
mat coi'te.it and
. lliil-
vlslon. From tu
the votunltir) ubaiul unuciii
practice ol ict.ites nii.i itlscritnina
tlollM bv the railroads and the return
by thenr niaiingi-i t; .ilievlieiu.' to
law In i he fuing n( l,,i in s I lie pni
I. uid slid niem i n ti,v : l m las anil
en-i'iit-
ill !
til.. 111..-.
liresl.tenl liluli
li.-uo li.,t
tii c.-ii.-i ..: ..
b.ivc i 1 ii i
lllll
III
l'l
I Inlaw
Should W l.luill.il to Snuill I
age by l.issiliriilii.n.
"It Is ne. uv. tticr.t.nc. to ile-
vise si.ine m, -,,n, (, cl is.u.lim ,
!l,si. in,. I.,-., slil'i-i M-i,ut ,,f sin li
el n
'"f!
tile pnui -1
1st I 1,11,1 S .
llllil
f In
th"in and
iliiue the wealth they represent fr..m
the iM-odili'lug capital of the country
Willi!, entail elioi'llliins l,,ss
would throw out of .uipbiymin in
i.i.is ot oi kiimuii n anil
Such a result Is wholly unnecessary r
in tne nci'i.inpiishiueiii uf the needed
reform and will Indict upun the in
nocent a tar greater punishment than
upon the guilty
i'-.tiiicm,. I'.iIIct ..f
Plal (..rtii.
"I'll" .1 in,. i rati, pi it f ,,.i
nn, pi.. pus,, i , ,,
t he 1 1' 1 1 s . s pin si,
IVmocratir
v tile plum
bet I! pro,.
mistrial pence through the Instru
mentality of the trade agreement Is
one of the results of such union when
Intelligently conducted.
ItiglltN of lilH.r.
"in order to induce their employer
in compliance to their request for reasons
changed conditions of employment, I 'rn i I'
workmen have the right to strike in to ::;:im
a body. They have a right to use 'lor r'
such lu'isuasiun as tbev mav. I ro- thee-w
vide.l It d.i.s nut reach the polio. f t'
duress, tu lend their reluctan: cu
laborers tu iuin them In their union '
aiialiist their ciniiluver nnd ib.-v l, ,v..
nnd a right. If th, , ,-lious.-. tu a.-.
Hinds to support those on strike, lu n
in .cv,.no tu .ilticcrs the power tu ili.
the action uf the union ,n,,i
withdraw- themselves and their asso
ciates from dealing with or giving
cui'om t,. th.,..,, wm, bin t,,.v ai.0
In cuntr. vi isi .
Wliiil l.-ilotr ( oiiii.. I Jin lull, h,
' W hat 'lo i have not the right t.,
: heir eiupluv
the .'inpluv
( threats i r
s- :'l!:i:-l T
bliu or i
.: ; un , ',.,
f th-- ilomo-
h a
of '!l.
I i'.-
r-sta!
in in
ord-i-..
ruder
re.
't I..' .'u-'
'1 a IT.n
I rial
Is tu Iuin-,
V. IU I,,,-,;.
' 1
preo-l.iis!-
SUl.le.lt
'.. ',
he r.'C
sun, -v
li
nniiie
. A r
1'1'mii. i . ri
stringency in bringing on a panic.
Postnl Savings Bunk and Its Adyan-
"In addition to this the Republi
can platform recommends the adop
tion of a postal savings bank system
in which, of course, the government
would become responsible to the de
positors for the payment of princi
pal and Interest.
"It is thought that the ftovernment
guarantee will bring out of hoarding
places much money which may be
turned into wealth-producing capi
tal and that it will he a great in
centlve for thrift In the many small
places in the country having no sav
ings bank facilities which are reached
by the postofflce department. It
will bring to every one, however, re
mote from financial centres a plane
of perfect safety for deposits, with In
o'her I terest returned. The bill now pend
ing in congress, wnicn, or course. tn
Republican convention had in mind
provides for the invosrtment of the
money dooosited in national banks
in t'lo very places In which it Is gath
ered, cr us pe.n' thei'by as may be
ni-acjcable. This is an answer to the-
erirteism contained in the ni'nocratic
til;itf':!r!ii thai, under tho pyHtein the
inai.ey .gathered lii till,' country will
be il'Miosiied in Wall street banks.
"The Democratic platform recnm
mends a tax nn Xational banks and
upon such, st.at'i banks as ninv come
in. in th nature of enforced insur
ance to rni.e a guaranty fund to p-iy
the depositors of any bank which
fails. How state banks can be Includ
ed in such a scheme under'the con
stitution is left In the twilight zone
of state rights and federalism, so fre
quently dimming the meaning and
purpose of promises of platforms. If
they come in under such a system,
they must necessarily be brought
within the closest national control,
and so they must really cease to he
state banks and become national
banks. The proposition to tax the
honest and prudent banks to make up
for the dishonesty and Imprudence of
others is unstable.. We can forsee
the burden which would be Imposed
upon the sound and conservative
bankers of the country by this obli
gation to make good the losses caus
ed by the reckless, speculative and
dishonest men who would be enabled
to secure deposltsunder such a sys
tem In the face of the proposed In
surance. In its shape the proposal
would mean the removal ef all safe
guards against recklessness in bank--
ing, and the chief and in the end
probably the only benefit would ac
crue to tne speculator.
Voluntary Plan for (iuarnntv
"A plan for a guaranty of deposits
hy the voluntary act of the banks in
volved has been favorably reported
to tne house of representatives. This
is, or course, ent re v different frnm
the scheme in the Democratic plat
form, omitting as It does the features
of compulsory partlclontlon and gov
ernment guaranty. This proposition
will undoubtedly receive the thonght-
iiii consideration or the new mone
tary commission.
Republican PolH,iS ,ls to n,..,,.,,,!,.,,,
cies
"The Republican party has pursued
persistently the policies originally
adopted with respect to the depen
dencies which came as the result of
me npanisn-American wnr.
The condition nf ("Inhn pm- Ti
and the Philippines Mr. Taft reports
as very satisfactory. He says:
tne proposition of the Democrat
ic platform is to turn over tho li
ands ns soon as a stable government
s esiauiisnea. mis has been estab
Ished The proposal, then, is to
turn them over at once. Such action
will lead ultimately to chaos In the
Islands and progress among the ig
norant In education nnd better living
will stop. We .ire engaged In the
nilippii'.es in m.0, missionary
work that duus our n;,tn honor, and
is certain to proem-i. in most effec
,:'1' '"flu. ii-o of Christian
l lUh. "..,. 1; 1S m,va.)lv , ,av
; Me burden until nur purpose Is
Hon..' of Presrerily l ( I,,,,,...,. , Tar.
Uf l.i'cuii,,,,,.,,,!,.,, ,.
I':l" I'lntioiin
lievond'h "nf,"""lil1" 'ircumstnn'cos
'I!,,"''" .'-"ntrnl have delayed
th.. , : "'. """'ness prosperity to
tV, i , ',"'h I,,1,y l,e '" In
'"'w-en T' e i t im:r,'',s:"K "if trade
s-at-, '""IVJ"1 ,hp -nited
r ei; , ' ' ' ws permitting
th-,, , " ,ra'lp i the rcspec-i
.-, ;, ;.!,:,.":. ,h countries i
., . '. ",:.";'" R!l susar and i
.." ' 1 :n IV I'nited
-'" x .loin, -Mic Inter-i
' '" " " ' ;" ttnn.il Cost nf ;
Mass of Itch
on Ankles Fpptr.J
Oniafoe iu.. n
Many Treatments Fill
TORTURES OFFCJ
"Cutlcura nerni, J
them to I. i rr?llfi
two years. I had ii11
they only gave me reS
and I cannot enumlS
and lotions I used K'
ankles were one
itclungand burning,'
I could not aleen i5$
nearly four montliTrv
husband said I had ht
curaHemedie. xt
times 1 bad the feXI
months unless I took.!,
one ,t of CuSU.M
It u now a ve- .Tr",'
cura, and there hw S' 1
the eczema. De
"I had a small lumpli, J
my eye for over . .Jl ?,"
uinnmenc on it, and noil,
Bm oeveniy-tnree ye. i
lived nn t, tJ,n
twenty-seven years. c1
d es are the .i.rMt
have ever used for all ekitTl
David Rmwn T.1..
Ark., May is and July !J
DISFIQURI
For Life Is the DespJ
oi l nousaods
. ui pain-tortured nnilds'
ul ii'iiiiors. toiiu,
rashes, who have tried ani
inp many remedies, iwd-k
....... ,,. s(1(.(1 ri.
Ointment, and r.llsniitwli
line lorce. lli.-y areaW
sweet, gentle, and hk
nllord linnieiliai,. relief inn."
. -i, , ' I'0"" tot.
-s.it.-u u.i .is.; I ails.
Comnlilft Kxtpninl r,M IriM-.-KviTV
llilliii.r i.t li,., ,S
Culii-'ura Olnii-i.-ii'i 'i.iii,- ,',0,,u!
Cullfllni ni-si,lvi-,n (fii.. , .?.
roiiu-.l 11113 2..C IKT Villi ot w, lop
bold tlin.iik'li.iut Uie worlil Po,.
Corn. Sot' I'miiH it,.nn n."11-
suTUallcd Free. CuucmiiioMaJ
night
n
HERB'S TO THE GIX)HIM
OP JULY,
LONG MAV IT LITE AH
MAV IT DIE.
There's nothing like M
and independent. It s im
to dlue where you get then
tor your money. This, u
polite treatment is alwan
those who patronize the Hid
taurant.
MOULDING
PO5TJ,I30Xc5
PC
put
-'I. '.'
Madame Dean's
FRENCH n,i n
FEMALE IlLLOl
A Safk. Crn.Ti.i-. Itt-
MaNsrurATioN. EIE I '
8nf.. Sure! SsT,iv:s.iU!iLl
nnt.sM or Money IMunJei-
luii.l torSl.00 per ! . );' ,
on trial, to be pai I !"r J"
Humpies Kre". In-1 ; "' ;
grniilne. n ft '"" .
drum-lit il.s'sn. i l..l-" "
orders lo llie
'iisiTrn urnirn rn l- U. l,rS
HH.,1.1. inkwu- v- , - J
Snldin Euncnc in' n-1-"".
tt.Dili . v. :1 .
Mfimi.i! .i .-.
v it i:i iHt
tt liOltt I Hi'
tmhi ul t-H r in, i
rMininiu ti'iu til ii-:
the liw w hi Ii
3 AG
i;
din
it. I M ih lle !
t. m; l ui.i ii
1 lul rodii, .
li.iel ,.i
-! t tea:
.1 tn
lit 1". limit:
i tie
; I'is li .
It t'.
Illlll 1
O
d hu
.'( his
'li. ,11 ll f.li t III el ,
business lh.it I t
l-ll. to s, 11 I t
"111 III. till, I SO
1.
ll.
.1
h.i.-i r iu t t,i
U'Stes
tio In
ni-.wi I'l.llll
w b,!,. .-enin
Will IM..1
111 .iii.l.i ,
lt.sl.irs,i inn
I'tl.slll.'ss i.
'f rrn.-rli,
a.'iilling .1
II l-.p,
i- 'iini t -'.i.ili
o'
is eon nt i .
'iiinwful in), n i, s
lies,' nbove r:ti ,
remedied bv nn
lent them QThe lu
inn of e.rrty to
nlv
o !
cn- 1 :
the t'nn.
III y
-1:-
f.r
NVM.'ln.
"- ! .i
I'll.'
' ' of !',,. v. ar in
fror.i:iti of ord-r In
'"' .'""'I .-t f the
i-s in th,,',.K,,Iar npmv
. '"-I'O.er with that
TtT. HOi' -
STfiVr-
We have e.-
chen. Ail sorts ...f P1'
metal and granirware. f,
contrivances that i13
pastime Instead of a lir'''1 ;
find here. Telep!fn "
EUGENE ,ORW-
.Hi ''
o
q' Continued on raBe 6.)
o
o
o