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\MERICUS DAILY TIMES-RECORDER, WEDNESDAY, DECEMBER 4, 1907. 9 Thep^went b „ meilige to gross says: No nation baa greater resources than ours, and i think it can be truthful." „ said that the citizens of non™'! sess greater energy and Industrial «|,||. fty. In no nation are the fundamenlal business conditions sounder than In ours at this very moment, and tt la foolish when such Is the case for peo ple to hoard money Instead or keening It In sound banks, for it Is su. l, board tag that Is the Immediate occasion money stringency. Moreover, as rule, the business of our people Is con" ducted with honesty and probity, and this applies alike to farms and fac tories. to railroads and banks, to all our legitimate commercial enterprises. In any large body of men, however, there are certain to be some who are dishonest, and If the conditions are such that these men prosper or commit their misdeeds with Impunity their example Is a very evil thing for the community. Where these men are business men of grea* sagacity and of temperament both unscrupulous and reckless, and where the conditions are such that they act without supervision or control and at first without effective check from public opinion, they delude many Innocent people Into moktag In vestments or embarking In kinds of . business that are really unsound. When the misdeeds of these successfully dis honest men are discovered, suffering comes not only upon -them, but upon the Innocent whom they have misled. It ta a painful awakening, whenever It occurs, and naturally when It does oc cur those who suffer are apt to forget that the longer dt was deferred the more painful It would be. In the effort to punish the guilty It Is both wise and proper to endeavor so far as possible to minimise the distress of those who have been misled by the guilty. Yet it is not possible to refrain because of such distress from striving to put an end to the misdeeds that are the ulti mate canses of the suffering and, as a means to this end, where possible to punish those responsible for them. There may be honest differences of opinion as to many governmental poli cies, but surely there can be no such differences as to the need of unflinch ing perseverance in the' war against successful dishonesty. Interstate Commerce. No small part of,the trouble that we have comes from carrying to an ex treme the national virtue of self reli ance, of independence In Initiative and action. It is wise to conserve this virtue and to provide for Its fullest exercise compatible with seeing that liberty does not become a liberty to wrong others. Unfortunately this Is the kind of liberty that the lack of all effective regulation Inevitably breeds. The founders of the constitution pro vided that the national government should have complete and sole control of interstate commerce. There was then practically no Interstate bustaesa save such as was conducted by water, and this the national government once proceeded to regulate in thorough going and effective fashion. Conditions have now so wholly changed that the Interstate commerce by water Is Insig nificant compared with the amount that goes by land, and almost all big justness concerns are now engaged In nterstate commerce. As a result It can but partially and Imperfectly con rolled or regulated by the action of ny one of the several states, such sc ion Inevitably tending to be either full justice. The railroads and all oth er great corporations will do well to recognize that this control must come. The only question Is as to what gov ernmental body can most wisely exer cise It The courts will determine the limits within which the federal author ity can exercise It and there will still remain ample work within each state for the railway a commission of that state, and the national Interstate com merce commission will work In har mony with the several state commis sions, each within Its own province, to achieve the desired end. The Antitrust Law. t «». tbsIsjyjt'isss.sgss: mission whether the applicant for a federal charter was an association or combination within the restrictions of the federal law. Provision should also be made for complete publicity In all matters affecting the public and com plete protection to the Investing public and the shareholders In the matter of Issuing corporate securities. If a a In corporation law is not deemed advisa ble, a license act for tflg Interstate cor porations might be enacted or a com- Mnrpftvar I- , .. „ „ - blnatlon of the two might be tried. ? . 3ud * ment - there I The supervision established might be •d- should be additional legislation looking analogous to that now exercised over of to the proper control of the great busl- national twnu. At least the anti- “’“r engaged In Interstate trust“rt .up“emfnted ^ r Zlw t °?’" erCl !!J r pec “ c prohibition, of the method no l«s ta™ r^h pra8p ? rty which experience has shown have been restore b“‘ of “°* “rvlce enabling monopolls- I have renentMtr? pnb tC ' tie combinations to crush out competl- i nave repeatedly said In messages to t lon. ■ ^fl^X a .hnwn* e I h , er !; ®f P “® ““ The real owners of a corporation t n]y . the unwto - should be compelled to do business In dom but the futility of endeavoring to their own name. The right to bold U^ero ^. a rr.„r, e m. 00mblna, ‘ 0n l' 8t0ck ,n otber corporations should here- ‘‘“T “ re SOCh “tter be denied to Interstate corpora- but taeritom, nu “ , “/h tlons - unl “ 8 00 «P p f°'al by the proper business ns if * m I £° vernineilt officials, and a prerequisite of liw iSdVtail Ml . H ‘i* ?° r,d . to 8Uch approval should be the listing an to Ml n° ** ,° SJ* w,tb the government of all owners and 1,11 corporations, to all big stockholders, both by the corporation Du“^!nd D, to to h 8 *° d ,T?J° ownln 8 «uch stock and by tberorpora- put an end to combinations of labor. *i„„ i„ - . i Comorotinn l8bor ' tlon In which such stock Is owned, corporation and labor uulon alike have I come to stay. Each If properly man- I Lessons of Recent Crisis, aged Is a source of good and not evil. I To confer upon the national govern- Whenever In either there Is evil It ®ent In connection with the amend Bhould be promptly held to account, ment I advocate In the antitrust law but tt should receive hearty encourage-1 Power of supervision over big business ment so long as It Is properly managed. I concerns engaged in Interstate com- It Is profoundly Immoral to put or I merce would benefit them as It has keep on the statute books a law noml- benefited the national banks. In the nally In the Interest of public morality I recent business crisis It is noteworthy that really puts a premium upon pub-1 that the Institutions which failed were lie Immorality by undertaking to for-1 Institutions which were not under the bid honest men from doing what must I supervision and control of the national be done under modern business condi-1 government Those which were under tlons so that the law Itself provides national control stood the test that its own infraction must be the National control of the kind above condition precedent upon business sue- I advocated would be to the benefit of cess. To aim at the accomplishment every well managed railway. From of too much usually means the accom-1 the standpoint of the public there is pllshment of too little and often the do- need for additional tracks, additional tag of positive damage. I terminals and Improvements In the ac- Yet we must also remember that i and ,, even tho wisest legislation on the sub- „t r | T0 ( 0 breal- un not merelv nri™/ I P eDl!, ture of money. Then the stipn- lect can only accomplish a certain I Kt h I laHo “ should be made that no party amount No legislation can by any £nttta taml Jbe cMrfTw^ campa1 ^ - which our whoJe dvltotion stonr ' in unity against the results of specula* I o nr h n tive folly any more than it can guaran- ^ ^ “ta o“ tZ onZ tZt tee an Individual against tho results of I i inf . nrnn n«;nT<i fnr ioMcIom i srs sxizxxsz jr - «■ •* •***»<£ wealthy men or men who pose as such or are unscrupulously or foolishly eager I Enforcement of the Law. to become such Indulge In reckless A few years ag6 there was^oud com- , „ . , _ speculation, especially If It Is accom- P |alnt 0,81 ‘he law could not bo In- gh P M b- lI v L puled by dishonesty, they Jeopardise ^"d against wealthy offenders There Thtra^Smid^TTi' lull v.w not only their own future, but the fu- ,s no complaint now. The courso * , f, relat , l ' ely turo of all their Innocent fellow clti- of ,ho department of justice during tho " 1<? sens, for they expose the whole busl- » a8 ‘ roars has been such ns to £? ar my » sh^ to 1 t ''T P | c I make it evident that no m n n .m. I arIn > In slla I , ° ,0 ‘X- effective lo treasury should accept more than a fixed amount from any individual sub scriber or donor, ani the necessary publicity for receipts and expendltnres could without difficulty bo provided. The Army. The president recommends legisla tion to Increase the number of officers in tbe army, especially In tbc medical drastic or else too lax and In cither Ineffective for purposes of justice, nly the national government can lu loroughgotag fashion Exercise the reded control. This does not mean t there should be any extension of dcral authority, for such authority ready exists under the constitution amplest and moat far reaching form, it does mean that there should be extension of federal activity. This not advocating centralization. It Is rely looking facts ta tho face and firing that centralization ta business already come and cunot be avoid- or undone and that tbe public at can only protect Itaelf from cer- erll effects of this bustaesa cen izatlon by providing better methoda tbe exercise of control through tbe ority already centralized ta tbe onal government by tbe constltu- Itself. There must be no belt ta healthy constructive course of ac- which this nation baa elected to ue and has steadily pursued dur- he last six years, as shown both a legislation of'tbe congress and nlmtalstration of the law by tba rtment of justice, ational License For Railroads, i most vital need la in connection the railroads. As to these, ta my nent, there should now be either ional Incorporation act or a law dug railway companies to engage terstate commerce upon certain tlons. Tbe law should be so «l as to give to tbe Interstate eree commission power to pass the future Issue of aecurlties, ample means should be provided >ble the commission whenever ta Igmont It Is necessary to make a tal valuation of any railroad. "" td ta my message to the congress r ago, railroads should be given to enter Into agreements sub- i these agreements being made In minute detail and to tbe con- 'f tbe Interstate commerce com- n being first obtained. Until Uonsl government assumes prop- trol of Interstate commerce In erdse of the authority It already » It will be Impossible either to or to get from the railroads pealed, but it should be made both “ ,e and 8peedy transportation facilt- more efficient and more ta harmony t ! e * are even more necessary than with actual conditions, it should be f heap transportation. Therefore there so amended as to forbid only the kind 18 the tavestment of money of combination which does harm to tbe wp J cl1 w111 P r0T| de for all these things general public, such amendment to be wh ! le at ,be “f 6 tlme securing as far accompanied by or to be an Incident of “ te pa88lb ' e better wtt Ees and shorter a grant of snpcrvlsory power to tbe han ,™ t F r tbelr employees. Therefore, government over these big con rerns * hUe “ost be Just and reasona- engaged ta Interstate business. This ! e ^ atlon ® f . ”***•"“ »honld be should be accompanied by proT | g | on the first to protest against any arbltra- for the compulsory publication of ac- £ aDd unthinking movement to cut counts and the subjection of books and th© fullest and papfere to the inspection of the gov-1 ““f c«rettfi oonslderaMon of all tater- ernment officials. A beginning has al- ®*ts concerned and of tbe actnal needs ready been made for sneb supervision I °! the * 9? y a special body by the establishment of the bureau of of “ cn act,n8 .i° r “ e ““tional govern- corporations ment under « n tbority conferred upon It The antitrust law should not prohibit J* tbe «>»«"»» «» competent to pass combinations that do no Injustice to J u ^ ment J® 0 * 1 * matter - tbe public, .till less those the existence ™°*f Wb0 f ‘.to of which Is on tbe whole of benefit *^ d ? to the public. But even If this feature of the law were abolished there would _ ba ° bbi d»ct, 1, °t of the remain as an eqnally objectionable fea- P ™ J*? J?* ture the difficulty and delay now tad- dent to Its enforcement. Tbc govern- ment must now submit to Irksome and t Sou o/rou f m f^^iato ^ ^e meaT tas^Son decision of the court, upon proceeding. Uw wag cven mon vlolenUy aggllUedi community to panic nnd distress. make . il evident that no man stands I t , m . of , , * X. I above the law that mt mhumMm « a |* un * w P*mL The president recom- Can't Revise Tariff Now. I so wealthv that It cannot lie heM to ■ I mends severe examination of ottl.-ers Thla country to definitely committed count.' Everything that can £ done ^ pr °“° Uon up to tho rank of major. . the protective syatem. and gny ef- under ' ute exIsTlug law and with ta! Fr ° m tbat poInt 1’con.otIoM should be fort to uproot It could not but cauae clIstlng gtate of publto opinion which pDreIr by 8elecUon - lra a i'- a ^ of the widespread Industrial disaster. 1° I soprofoundly Influences both thci'miri-i rcccn t Physical test of army oillcers other words, the principle of the pres : an d juries. Ims l^en done but theTw, wltb : empb ?f!. c ap P rob,l(ion and recom- ent tarifflaw could net with wtedom LVmXiu! e r.tr^J^r'^ ^ !l bIU c<iUaU ^’ ,h * pa -' be changed. But In a country of such should be mado more d^nito^so that °® C P rs and mcn ot nrD| y- navy, phenomenal growth as ours It to prob- no honcst man can ^ , ed jMsSL* “f 18 ® corps and revenue cutter serv- ably well that every dozen years or so to break tIjem nml *00- ttalMd l ao la «Tt ,h0Uld fh e r Car0f0Uy8C | rn ^^ wrong ao er can be readily punished. - Tho N«vy. tinlzed so a. to see that no excessive Moreover, there must be-tho nubile Concem,n £ ‘he navy the president or Improper benefits are conferred I opinion back of the laws or tho invvs says: thereby, that irroper revenue to tirovld- themselves will be of no avail. The I In lny l ud B ment - we should this ed and that our foreign trade to cn-11wo great evils ta the execution of our ycar P rov t do for four battleships. But couraged. There must always be as a [crimtaaMaws today are scntlmontalltv * 3 ldJe t0 WM tattleshlj* unless, In minimum a tariff which will not only l.nd technicality. For the latter tho add ^ on to providing the men and the allow for tbe collection of an ample a medy murt come frem the hands o? meaus for thorough training, we pro- b “‘" blcb r 1U at . 1e ? 8t thel^totarreXrourtoand “elaw! yldo th o -nxlltorie. for them-unles, good the difference in cost of prodne- lyers. The other must depend for Its '1° P rovldo <l° cks . the coaling stations, tlon here and abroad—that to, the dlf- I curo upon tb e gradual growth of a tbo coI1Icra n:ltl supply ships that they ference In the labor cost here and I sound public opinion which shall Insist I nccd ’ ^ ° aro extremely deficient In abroad, for the well being of the wage- that regard for tho law and the dc- coaling stations and docks on the I*a- 66 a S. rdlll,U ^?. ,Dt taands of reason shall control all other f 100 ’ a ? d tbls ^oflclency should not J? Pottcy- Tbe question I influences and emotiont In tbe jury 11?*® 1 *** POft^tted to exist Plenty abonld be approached purely from a box. Both of these evils must ho re- of torpedo boats and destroyers should business standpoint, both the time and moved or public discontent with tho 1,0 bullt ' Both on tbe Atlantic and Ba the manner of the change being such criminal tow will continue coasts fortifications of the best as to arouse the minimum of agitation . I typo should bo provided for nlL our and disturbance ta the business world | injunctions. | greatest barbora. nnu to give the least play for selfish "*• “uuse m me granting Until , nnd factional motives. Olio sole con- f, la ^ unct,0n8 ln ]abor disputes con- than at present it should never be snllt sldorntlon should be to see that tho I ‘ lnu o tOMcnr, nnd tho resentment in i nto detachments so far apartthat they sum total of changes represents the ‘i 10 . “ Iada of those who fee! that their conld not ta event of emergency to- public good. This means tbat the sub- r ® bts ar ® lae lnTadcd aDd their lib- speedily united. Our coast line to on Ject cannot with wisdom be dealt with crt ^ “ actI 9“ , and of “Pooch unwar- the Pacific jnst as much as on the Kt- ta the year preceding a presidential J® 1 "®™* retrained continues Hkcwtoo lantlc. Tho batUo fleet should now Not Repeal, but Amendment. I tMl tandling of the railroads, and all election, because as a matter of fact *° gT0 , w -. lruch ot ‘he attack on the and then be moved to tho Pacific Just Tbe antitrust law should not be re- “I? 88 rapldl * 88 P° , * lble - Ample, experience baa conclusively shown that I * 00em °f Injunction to I as at other times it should be kept ta - »neh a time It to impoealble to get b ?* 1 «*> the Atlantic. WbtaOeiMmiton cans; men to treat It from the standpoint of ‘ 0 4 express tho belief that for ls bufit the transit of the battle fleet the public good. In my Judgment.tbe |® ome t ot . Jt thc f° 13 warrant This ques* I from one ocean to tbo other will be wise time to deal with the matter is | ®“ e of ^ me „ , 1 m jf or : comparatively easy. Until it Is built With ’it r nrtS dea 1 « arnM tly hope that tho battle fleet to to , Itimntiff to , T r fc # « rb wffl be thus shifted between the two ttta ultimately to demand some form oceans every ycar or two. The battle lnstitMed, and even a favorable do and the same men who now denounco zrjrzu: ■•*■*.* «■« aa «on.i govc™. Moreover, to attempt to control these corporations by Itwsulta means to Im pose upon both tbe department of Justice and tbs courts an impossible burden. It to not feasible to carry on more than a limited number of such suits. Sucb a law to be really effec- ment ta seeking to oversee and control the workings of Interstate common car riers and business concerns then as serted tbat we were "discrediting and ruining a great American Industry.” Two years have not elapsed, and al ready It has become evident that tbe live must of couree be administered ^t benefit tbe law confers upon tbe by an executive body_and not merely by means of lawsuits. Tbe deelgn should be to prevent tbe abuses inci dent to the creation of unhealthy and improper combinations Instead of welt ing until they are ta existence and then attempting to destroy them by civil or criminal proceedings. Law 8hould Be Explicit A combination should not be tolerat ed if It abuse tbo power acquired by combination to the public detriment No corporation or association of any kind should be permitted to engage ta foreign or Interstate commerce tbat la formed for the purpose of or whose operations create a-monopoly or gen eral control of tbe production, salo or distribution of any one or more of tbe prime necessities of life or articles of general use and necessity. Such com binations are against public policy. They violate tbe common law. Tbo doors of tbo courts are dosed to those who are parties to them, aud I believe tbe congress can close tbo channels of Interstate commerce against them for Its protection. The law should make Its prohibitions and permissions as clear and definite na possible, leaving tho least possible room for arbitrary action or allegation of sucb action on tbe part of tbe executive or of diver gent Interpretations by the courts. Among tbe points to be aimed at should be the prohibition of unhealthy competition, aneb aa by rendering serv ice at an actual loss for tbe purpose of crushing out competition, tbc proven tlon of Inflation of capital and tbe pro hibition of a-Corporation's making ex clusive trade with Itself a condition of having any trade with Itself. Itcason- able agreements between or combina tions of corporations should be per mitted provided they are first submit ted to and approved by some appro priate government body. Congress’ Powtr. Tbe congress has the power to char ter corporations to engage in Interstate and foreign commerce, and a general law can bo enacted under tbe provl- public to accompanied by an equal ben efit to tbe reputable packing establish ments. Tbo latter are better off under the law than they were without it Tbe benefit to Interstate common car riers and business concerns from tbe legislation I advocate would be equal ly marked. Pure Food Law. Incidentally ta tbe passage of the pure food law tbe action of tho vari ous state food and dairy commission er* showed ta striking fashion how much good for tho whole people results from the hearty cooperation of the federal and atate officials ta securing a given reform. It to primarily to the action of these state commissioners that we owe the enactment of this law, for they aroused the people, first to demand the enactment and enforce ment of state laws on the subject and then tho enactment of the federal la' without which the state law* were largely Ineffective. There must be the closest cooperation between the na tlonal and atate governments ta ad ministering these laws. Currency Legislation Needed.' 1 again urge on tbe congress the need of Immediate attention to this matter. We need a greater elasticity ta our currency, provided of course that we recognize the even greater need of a safe and secure currency. Prevision should be made f«r an emergency currency. The emergency Issue should of course ta made with an effective guarantee and upon condi tions carefully proscribed by the gov ernment. Bucb emergency Issue must lie based on adequate securities ap proved by tho government end must be Issued under a heavy tax. This would permit currency being Issued when the. demand for It was urgent, while secur ing Us retirement as the demand fell off. It Is worth Investigating to de termine whether officers nnd directors of national banks lowed to loan to Immediately after such election. Income Tax and Inheritance Tax. When onr tax laws are revised the question of an Income tax and an In heritance tax abonld receive the care ful attention of out legislators, ln my judgment, -..both of these taxes should be' part of ourksystem of fed eral taxation. I speak dlffldeatly about tbe Income tax because one scheme for an Income tax was declared unconsti tutional by the supreme court, while ta addition It to a difficult tax to admin- later In Its practical working, and great care would bare to be evercifed to see that it was not evaded by the very mcn whom It was most desirable to have taxed. Nevertheless a graduated Income tax of tbe proper type would be a desirable feature of federal taxa tion, and It to to be hoped that one may be devised which the supreme court will declare constitutional. The Inheritance tax, however, to a far better method of taxation. Tho government has the absolute right to decide aa to the terms upon which a man shall receive a bequest from an other, and this point in the devolotion of property Is especially appropriate for the Imposition of a tax. Laws Im posing sucb'taxes have repeatedly been placed upon the national statute books and as repeatedly declared constitu tional by tba courts, and these laws contained tbe progressive principle— tbat to. after a certain amonnt to reach ed tbe bequest or jsUt In Ufo or death to Increasingly burdened and tbe rata of taxation to Increased ta proportion to the remoteness of blood of the man receiving the bcqnest These principles are recognized already ta the leading civilized nations of the world. nr ltw-ioi.ti™ -—-- : oviy jear or iwo. me Dattlc of legislative action. It would bo most fleet ls about starting by the strait ot Mmlt”n^ a> iL^? f r ra M***”* 11 -to visit the'raclflc coast w JLm ? many boacst aad Sixteen battleships are going under the tonf d !!n« C ^ ZCnii t0 ! eC 0111 lbcy commandof Bear Admiral Evans, while J regarding our courts eight armored crulaera and two other to fh. ® a ™ C8Uy com ®end battleships will meet him ln San Fran- nttontlon of the congress this cl sco, whither certain torpedo destroy- vto!d whtoh Ul wnMimtoTh y T y h®,*?®’ ® rs are also golD8r - No floet Of such vised which will limit tho abnso of ta- size has ever made such a voyage, and PRESIDENT ROOSEVELT. Junctions and protect those rights which from time to timo It unwarrant ably invades. Moreover, discontent ls often expressed with tho use of the process of Injunction by the courts, not only ta labor disputes, but where state laws are concerned. I refrain from discussion of this question as I am informed that it will soon receive the consideration of the supreme court The process of Injunction to an es sential adjunct of the court's doing Its work well, and ns preventive measures are always better than remedial the wise use of this process to from every standpoint commendable. But where It to recklessly or unnecessarily used tho abuse should be consnrcd, above all by the very men who are properly anxious to prevent any effort to shear the courts of this neccssaty power. The court's decision must ta final. Tbo protest to only against tho conduct of Individual Judges ta needlessly antici pating such final derision or ln the tyrannical use of what to nominally a temporary Injunction to accomplish what to ta fact a permanent decision. The president urges the passage ot a model employers’ liability act for the District of Columbia and the territories to encourage corporations to treat In jured wageworkers better. Ho em phatically Indorses the eight hour day. The president urges the states to fight tbe child and woman labor evlL Ho says: Tbe national government has as an ultimate resort for control ot child la bor the use of the Interstate commerce danse to prevent the products of child labor from entering Into Interstate com merce. Bat before using this It ought certainly to enact model lawn on the subject for the territories under Its own Immediate control. Presidtntlal Campaign Expenses. Under onr form of government vot ing to not merely a right, but a duty, and, moreover, a fundamental and nec essary doty If a man to to be a good dtlzen. It to well to provide that cor porations stall not contribute to presi dential or national campaigns and, fur thermore, to provide for the publica tion of both contributions and expendi ture*. Thera to, however, always dan ger ta tows of this kind, which from their very nature are difficult of .en forcement. the danger being lest they bo obeyed only by tho honcst and dis obeyed by tbe nnscrnpnlous, so as to act only as a penalty upon honest men. Moreover, no such law would hamper an unscrupulous man of unlimited means from buying his own way into office. There is a very radical meas- lt will be of very great educational Use to all engaged ta it Tbe only way by which to teach officers and mcn how to handle the fleet so as to meet every possible strata and emergency ta time of war is Jo have them practice under similar conditions ln tlmo of pence. The president recommends the In creased pay for both officers and enlist ed mcn and advises promotion by se lection above the grade of lieutenant commander. Foreign Affairs. Tn foreign affairs, tho president says, this country's steady policy la to be have toward other nations as a strong and self respecting man should behave toward tho other men with whom he ls brought Into contact In other words, our aim ls disinterestedly to help other nations where such help can bo wisely given without tbe appearance of med dling with what docs not concern os, to bo careful to act as a good neighbor and at the samo time ta good natnred fashion to make It evident that we do not Intend to be Imposed upon. Tho president refers at length to The Hague peace conference. He believes It accomplished much good work. Postal Savings Banks. The president says on postal affairs: I cqpnmend to the favorable consid eration ot the congress a postal sav ings bank system as recommended by tho postmaster general. Timid deposi tors have withdrawn their savings for the time being from national banks, trust companies and savings banks, in dividuals have boarded their cash and the workingmen their earnings, all of which money has been withheld and kept ln hiding or ta the safe de posit box to the detriment of prosper ity. Through the agency of the postal savings banks such money would be restored to the channels of trade, to tbe mutual benefit of capital and labor. I further commend to the congress the consideration of the postmaster general’s recommendation for an ex tension of the parcel post, especially on the rural routes. It would tie a most desirable thing to put the fourth class postmasters ta the classified serv ice. Other recommendations are: Deepening of. tbe inland waterways, especially of the Mississippi river sys tem, to make them great national high ways. The repeal of the tariff on forest products, especially the duty on wood pulp. Tho amendment of the public land laws to make them more effective To Tax Nonresidents Higher. The tax should If possible be made to hear more heavily upon those resid ing without the country than within tt A heavy progressive tax upon a very uld ever be al- ■ large fortune la in no way auch a tax ms^lves. Trust | upon thrift or Industry at a like tax companies should be subject to the would be on a small fortune slons ot which existing corporations fio'^'tn'fhu^'ir ^ lo f " banks. Legtsla- Vfe have not tbe (lightest sympathy i nTtin^grea could take out federal charters and !!° ^nia‘iri!s'*5*'!®’* f ° r | wlUl •“-’‘•“•tfc Idea which new federa. corporation, could be J| ° f L ° ,Umbla aDd ‘ b ' H ZX*-**"' ' ' ' toa * <rtr ure which would, I believe, work a ; against land grabbers and more favor- . I able to bon* fide settlers. Retention of the government's title to public coal and otber mineral lands. ^Extension of the national forest re- Citizenship for the substantial Improvement ln onr sys tem of conducting a campaign, al though I an: wet! aware that It will take some time for people so to famil iarize tbeinselrea with such a proposal aa to be willing to consider tlon. The need for campaign fund* greet provided ai local self Encouragement particularly