TIFT ICCEPIS NOMINATION, DECLARES HIS POLICIES Makes His Notification Speech at Cincinnati, While City Is in Gala Attire to Receive Him as a Con quering Hero-'-Text of His Speech. CMnclnnntl, O -Candidate William How ard Taft, bearing the banners of the Re publican party as its choice for presi dent of the i/nited States, struck cam paign keynotes of many tones when he formally accepted the presidential nom inal ion and replied to Senator Warner. This city was in gala attire and took a holiday upon Taft's arrival in town. Guns boomed, fireworks cracked every where, and In general the scene was that of welcoming home the conquering hero. The feature of the entire celebration, however, was the notification which took place during a lull in the activities of the citizens. The occasion was an auspicious one. Win Senator Warner had finished his •address, Mr. Taft arose from his chair at the speaker's table and addressed the assembled members of the notification committee. He spoke of curbing the trusts, without oppressing good corpora tions. Ife declared that the rates of the railroads of this country were reason ably low. Moderation was his whole theme and he proposed to restore con fidence. But the big feature of the speech was "his declaration for Rooseveltian policies, which he said he would follow out to the letter, the foundations having been laid in them for rightful administration. He took a few shots at the Democratic plat form. also. Mr. Taft spoke as follows: "Senator Warner and Gentlemen of the •Committee: "I am deeply sensible of the honor which th > Republican national conven tion has conferred on me in the nomina tion which you formally tender. 1 accept It with full appreciation of the responsi bility it imposes. Strength in Roosevelt Policies. "Gentlemen, the strength of the Repub lican cause in the campaign at hand is in the fact that we represent policies essen tial to the reform of known abuses to the continuance of liberty and true prosper ity, and that we are determined, as our platform unequivocally declares, to main tain them and carry them on. For more than ten years this country passed through an epoch of material develop ment far beyond any that ever occurred In the world before. In its course, cer tain evils crept in. Some prominent and Influential members of the community, spurred by financial success anil in their hurry for greater wealth, became tin mindful of the common rules «>f business honesty and fidelity, and of the limita tions imposed by law upon their action. "This became known. The revelations of the breaches of trust, the disclosures as to rebates and discrimination by rail ways. the accumulating evidence of the violation of the anti-trust law by a num ber of corporations, the over-issue of stocks and bonds on interstate railways for the unlawful enriching of directors and for the purpose of concentrating con trol of railways in one management, all quickened the conscience of the peo ple, and brought on a moral awakening among them that boded well for the fu ture of the country. What Roosevelt Has Done. "The man who formulated the expres sion of the popular conscience and who "led the movement for practical reform was Theodore Roosevelt. He laid down the doctrine that the rich violators of the law should he amenable to restrain and punish as the offender without wealth, and without influence, and he proceeded by recommending legislation an-l direct ing executive action to make that prin ciple good in actual performance. He secured the passage «>f the so-cal!< <1 rate bill, designed more effectively tor strain excessive and fix reasonable rates, and to puniali secret rebates and discrimina tion which have been general in the prac tice of the railroads, and which had done much to enable unlawful trusts to drive out of business their competitors. It se cured much closer observation of rail way transactions and brought within the operation of the same statute express •companies, sleeping car companies, fast freight and refrigerator lines, terminal Tallroads and pipe lines, and forbade in future the combination of the transpor tation and shipping business under on" •control, in order to avoid undue discrim ination. "President Roosevelt directed suits to be "brought and prosecutions to be instituted tinder the anti-trust law. to enforce its provisions against the most powerful of the industrial corporations. He pressed to passage the* pure food law, and the meat inspection law. in the interest of the health of the public, clean business methods and great ultimate benefit to the trades themselves. He recommended the passage of a law. which the R. publican convention has since specifically ap proved, restricting the future issue of stocks and bonds by Interstate rail ways. to such as may be authorized by federal authority. Function of Next Administration. "The chief function of the next ad ministration in my judgment is distinct from and a progressive development which has been performed by President Roosevelt. "The chief function of the next admin istration is to complete and perfect the machinery by which these standards may be maintained by which the law breakers may be promptly restrained and pun ished, but which shall operate with suf ficient accuracy and dispatch to interfere with legitimate business as little as pos sible. Such machinery is not now ade quate. ITnder the present rate bill, and under all its amendments, the burden of tlv* Interstate commerce commission in supervising and regulating the operation of the railroads of this country has grown so heavy that it is utterly impos sible for that tribunal to hear and dis pose. in any reasonable time, of the many complaints, queries and issues that are brought before it for decision. It ought to b»» relieved of its jurisdiction as an executive, directing body, and its func tions should be limited to the quasi-ju dicial investigation of complaints bv in dividuals, and by a department of the government charged with the executive business of supervising the operation of railways. Constructive Work Detailed. "The field covered by the industrial combinations and by the railroads is so very extensive that the Interests of the public and the Interests of the businesses concerned cannot be properly subserved except by reorganization of* bureaus in the department of rommerce and labor, of agriculture, and the department of jus tice, and a change in the jurisdiction of the interstate commerce commission. It does not assist matters to prescribe new duties for the interstate commerce com mission which it is practically impossible for it to perform, or to denounce new of fenses v Ith drastic punishment, unless subordinate an auxiliary legislation shall be passed, making possible the quick enforcement in the great variety of cases which are con:;tantlv arising of the principles laift down by Mr Roose velt, and with respect to which only tepi cal instances of prosecution with 'the present machinery are possible. Such legislation should and would greatly promote legitimate business by enabling those anxious to obey the federal stat utes to know Just what are the bonds of their lawful action. The practical con structive and difficult work, therefore o lliose who follow Mr. Roosevelt, Is to'de viso the ways and moans by which the nigh level of % business integrity and obe flJfiK e to law which ho has established may be maintained, and departures from It restrained without undue interference with legitimate business. Railway Traffic Agreements. "It is agreeable to note in this regard that the Republican platform expressly ■ind the Democratic platform impliedly approve an amendment to the Interstate commerce law, by which Interstate rail roads may make useful traffic agree ments, if approved by the commissions. 1 his has been strongly recommended by President Roosevelt, and will make for the benefit of the business. "Some of the suggestions of the Demo cratic platform relate really to this subordinate and ancillary machinery to which I have referred. Take for in stance, the so-called physical valuation of railways. It is clear that the sum of all rates or receipts of a railway, less proper expenses, should be limited to a lair profit upon the reasonable value of Its property, and that if the sum exceeds this measure, It ought to be reduced. The difficulty in enforcing the principle Is in ascertaining what is the reasonable value of the company's property, and In fixing what is a fair profit. It is clear that the physical value of a railroad and its plant is an element to be given weight in de termining its full value; but as Presi dent Roosevelt in his Indianapolis speech and the supreme court have point ed out, the value <»f the railroud as a go ing concern, including its good will, due to efficiency of service, ana many other circumstances, may be much greater than the value of its tangible property and It is the former that measures th in vestment on which a fair profit must be allowed. Then, too, the ques tion what Is a fair profit Is one involving not only the rate of interest usually earned on normally safe invest ments, hut also a sufficient allowance to make up for the risk of loss both of cap ital ami interest in the original outlay. These considerations will justified the company in imposing charges high enough to secure a fair income on the enterprise as a whole. What Roosevelt Said. "As Mr. Roosevelt has said in speak ing of tills very subject: " 'The effect of such valuation and su pervision of securities cannot he retro active. Kxisting securities should be tested by laws in existence at the time of their issue. This nation would no more injure securities which have be come an important part of the national wealth than it would consider a propo sition to repudiate the national debt.' "The question of rates and treat ment of railways is one that has two sides. The shippers arc certainly en titled to reasonable rates; hut less is an injustice to the carriers. Good business for the railroads is essential to general prosperity. Injustice to them is not alone injustice to stock holders and capitalists, whose further investments may he necessary for the good of the whole country, hut it di rectly affects and reduces the wages of railroad employes. "For what has been said, the proper conclusion would seem to be that in attempting to determine that whether tin- entire schedule of rates of a rail way is excessive, the physical valua tion of the road is a relevant and im portant but not necessarily a control ling factor. Physical valuation proper ly used will not generally impair se curities. Rates Are Low, He Says. "In some cases, doubtless, it will be found that overcapitalization is made •in excuse for excessive rates, and then they should be reduced, but the con sensus of opinion seems to he that the railroad rates generally in this coun try are reasonably low. This is why doubtless the complaints filed with tin- Interstate commerce commission against excessive rates are so few as compared with those against unlawful discrimination in rates between shippers and between places. Of course in the de termination of the question whether dis crimination is unlawful or not, the phys ical valuation of the whole road is ot lit tle weight. "T have discussed with some degree of detail merely to point out that the valuation by the interstate commerce commission of the tangiblo property of a railroad is proper and may from time to time be necessary in settling certain of the issues which may come before them and that no evil or in justice can come from valuation in such cases, if it he understood that the result is to be used for a just pur pose, ami the right to a fair profit un der all circumstances of the invest ment is recognized. The interstate com merce commission has now the power to ascertain the value of the physical railroad property if necessary in de termining the reasonableness of rates. National Control of Corporations. "Another suggestion in respect to subordinate and ancillary machinery necessary to carry out Republican poli cies is that of the incorporation under national law or the licensing .by na tional license or enforced registry of companies engaged in interstate trade. The fact is that nearly all corporations doing a commercial business are en gaged in interstate commerce, and if they all were required to take out a federal license or a federal charter, the burden upon the interstate busi ness of the country would become in tolerable. "It is necessary, therefore, to de vise some means for classifying and insuring federal supervision of such corporations as have the power and temptation t«» effect restraints of in terstate trade and monopolies, Su-h corporations constitute a very small percentage of all engaged in inter state business. Roosevelt's Proposed Classification. "With sifh clarification in view, Mr. Roosevelt recommended an amendment in the anti-trust law, known as the Hepburn bill, which provided for vol untary clasifieatlon. and created a strong motive therefore by granting immunity from prosecutions for rea sonable restrictions of inter-state trade to all corporations which would register and submit themselves to tin publicity regulation of the depart ment of commerce and labor. "The Democratic platform suggests a requirement that corporations and interstate trade having control of 25 per cent, of the products in which they deal shall take out a federal license. This classification would probably in clude a great many small corpora tions engaged in the manufactur «>f special articles or commodities whose total value is so inconsiderable that they are not really within the per view or real evil of the anti-trust law. It Is not now necessary, however, to discuss the relative merit of such prop ositions. but it Is enough merely to af firm the necessity for some method by which greater executive supervision can be given to the federal government over these businesses in which there is a temptation to violations of the anti trust law. Construction of Anti-Trust Law. "The possible operation of the anV- CAMERON COUNTY PRESS. THURSDAY, AUGUST 6, 1908. trust law under existing rulings of the supremo court has given rU« to sugges tion for its neceiisary amendment to prevent its applications to cases which it is believed were never In the contem plation of the framers of the statute. Take two Instances: A merchant or man ufacturer engaged in a legitimate busi ness that covers certain states, wishes to sell his business and his good will, and so In the terms of the sale obligates himself to tlie purchaser not togo into the same business in those states. Such a restraint of trade has always been en forced At common law. Again the em ployes of an interstate railway combine and enter upon a peaceable and lawful strike to secure better wages. At com mon law this was not a restraint of trade or commerce or a violation of the rights of the company or of the public. Neither case ought to be made a violation of tho anti-trust law. My own impression is that the supreme court would hold that neither of these instances are within its inhibition, but if they are to be so regarded, general legislation amending the la v is necessary. Democratic Plank Discussed. "The suggestion of the Democratic platform that trusts be ended by for bidding corporations to hold more than ."0 per cent, of the plant in any line of manufacture is made without regard to the possibility of enforcement or the real evil in trusts. A corporation con trolling 45 or 50 per cent, of the products may by well known method* frequently effect monopoly and stamp out compe tition in any part of the country as com pletely as if it controlled GO or 70 per cent, thereof. Proper Treatment of Trusts. "I'nla wful trusts should be re strained with all the efficiency of in junctive process and the persons cn gnged in maintaining them should bo punished with all the severity of crim inal prosecution, in order that methods pursued in the operation of their busi ness shall be brought within the law. To destroy them and to eliminate the wealth they represent from the pro ducing capital of the country would - iitLii 1 enormous loss, and would throw out of employment myriads of work ingmen. tfuch a result is wholly un necessary to the accomplishment of the needed reform, and will Inflict upon the innocent far greater punishment than upon the guilty. "The Democratic platform does not propose to destroy the plan of the trust physically, but it proposes to do the same thing in a different way. The business of litis country is largely de pendent upon a protective system of tariffs. The business done by many of the so-called trusts is protected with the other businesses of the country. The Democratic platform proposes to take off the tariff In all articles com ing into competition with those pro duced by tho so-called 'trusts' and to put them on the free list. If such a course would be utterly destructive of their business as it is, indeed, it would not only destroy the trusts, but all of their smaller competitors. Effect of Democratic Policies. "To take the course suggested by the Democratic platform in these mat ters is to invoke the entire commu nity. innocent as it is, in the punish ment of the guilty, while our policy is to stamp out the specific evil. "This difference between the policies of the two great parties is of special importance, in view of the present con dition of business. After the years of the most remarkable material develop ment and prosperity, there comes finan cial stringency, a panic, an industrial depression. This was brought about not only by the enormous expansion of business plants and business invest ments which could not be readily con verted. but also by the waste of cap ital in extravagance of living, in wars, tnd other catastrophes. The free convertible capital was exhausted. In addition to this, the confidence of the lending public ir Kurope and in this country had been affected by the rev elations of Irregularity, breach of trust, over issue of stock, valuations of law and lack of rigid state or na tional supervision in management of our largest corporations. Investors withheld what loanable capital re mained available, it became impossible fort};.- soundest railroads and other enterprises to borrow money enough for new construction and reconstruc tion. Restoration of Prosperity. "Gradually business is acquiring a healthier tone. Gradually wealth, which was hoarded, is coming out to be used. Confidence in security of busi ness investments Is a plant of slow growth and is absolutely necessary in order that our factories may all open again, in order that our unemployed may become employed, and in order that we may again have the prosperity that has blessed us for ten years. The Identity of the interest of the capital of the farmer, the business man and the wage earner in the security and profit of investments cannot be too largely emphasized. I submit to those most interested, to wage earners, to farmers and to business men. wheth er the introduction into power of the Deomcrajic party, with Mr. Bryan at its head, and with the business con struction that it openly advocates as a remedy for present evils, will bring about the needed confidence for the restoration of prosperity. "The lupuhl.can doctrine of protec tion. as definitely announced by the Republican convention this year, and J.y previous conventions, is that a tariff shall be imposed on all imported prod ucts, whether of the factory, farm or mine, sufficiently great to e-jual the difference b< tween the cost of produc tion abroad and at home, and that this difference should, of course, include the difference between the higher wages paid in this country, and the wages paid abroad, and embrace a reasonable profit to the American production. Advantage of Unions. "To give to employes their proper po sition In such a controversy to enable them to maintain themselves against employers having great capital, they may well unite, because in union there is strength and without it each individual laborer and employe would be helpless. The promotion of industrial p f *ace through the instrumentality of the trade agreement is often one of the results of such union when intelligently conducted. "There is a largo body of laborers, however, skilled and unskilled, who are not organized Into unions. Their rights before the lf.w are exactly the same as those of the union men, and are to be protected with the same care and watch fulness. "In order to induce their employer into a compliance with their request for changed terms of employment workmen have the right to strike in a body. They have a right to use such persuasion as they may, provided It does not reach tiie point of duress, to lead their reluc tant co-laborers t«» Join them in their anion against their employer and tiiey have a right, if they choose, to accumu late funds to support those engaged In a strike, to delegate to officers the pow er to direct the action of the union, and to withdraw themselves and their as sociates from dealings with, or giving custom to. those with whom they are in controversy. What Labor Cannot Do. "What tliev have not tho right to do is to Injure their employers' property, to injure their employers' business by use of threats or methods of physical duress against those who would work for him or deal with him or by carrying on what is scnietimes known as a secondary boy cott against his customers or those with whom be deals in business. All those who sympathize with them may unite to aid them in their struggle, but they may not, through the instrumentality ot* «i threatened or actual boycott, compel third persons against their will and hav ing no interest iti their controversy to come to their assistance. These princi ples have for a great many years been settled by the courts of th % s country. "Threatened unlawful injuries to busi ness. like these described above, can only be adequate'v remedied by an injunction to prevent them. The jurisdiction of a court of equity to enjoin in such cases arises from the character of the injury and the metho 1 of inflicting it snd the fact that suit for damages oT.ts* no ade quate remedy. "The injury is not done by one single act. which mi&?ht be adequately oompen sited lor in damages by a suit at law. but it Is the result of a constantly re curring series of acts. eac w >f which in itself might not constitute . substantia! injury or make a suit a* Taw worth while, and all of which would require a multiplicity of suits at law." GIRL SHOOTS SELF INRAILROAD DEPOT WAITS FOR SOME ONE WHO DOES NOT COME—SCRIBBLES NAME ON PIECE OF PAPER. CAUSE OF SUICIDE UNKNOWN Carries Card of Sister in Her Purse- Was About 20 Years of Age, a Blondo and Unusually Pretty. Cleveland, O. —With a large crowd near her, Emma Datzell, 7801 Coal fax road, S. E., shot herself In the Erie depot Thursday. She is dying in Lakeside hospital. The cause of the shooting is not positively known, b*ut it is believed that tho girl had' been disappointed by the failure of some one to meet her in the station. The girl was 20 years old, a blonde wtih regular features and unusually pretty. She was seen to walk up and down the waiting room of the depot, scanning tho faces of the passengers as they alighted from the trains. She seemed disappointed when she did not find the person she was apparently seeking. Finally, when a train came Into the station about noon and still no one appeared' to seek her, she turned into a small room toward the rear of the station and, pulling a revolver from her pocket, placed it at her temple and fired a bullet into her brain. The girl foil to the floor with a moan. Dozens of frightened persons rushed to her side. She was carried to the women's waiting room and cared for until Hogan's ambulance ar rived and took her to Lakeside hos pital. Mrs. Walter Robinson of N'lles, O. said' that she saw the girl goto a telephone booth and use it. She came out and resumed her tramping up and down the station floor. Capt. Beaver of the Erie detective force, was tho first to reach the girl's side. He called to her, but although she opened her eyes, she did not speak. The girl had stepped into a little room just leading off from the general waiting room, he savs, but within easy hearing and sight of the other passengers. There were 50 cartridges in hei pocket. The revolver was brand new Her purse contained $1.25. NAN PATTERSON WILL STICK Pittsburg Detective Has Beeu Sns pended and Other Police Officers Asked to Resign. Pittsburg, Pa. —Police are in an uproar following publication of the details of their attempt to drive Nan Patterson, the former chorus girl thrice tried on the charge of murder ing Caesar Young, out of town. Detective Louis Letl has been sus pended and others fear their resigna tions may bo asked at any moment. Efforts were made to drive Nan away when she was accused' cf en ticing a prominent man from his wife. The wife told the police she couldn't keep her husband at home us long as Nan was about. Nan was called before Chief of De tectives Roach, who told her police w re determined she must depart and that they would declare her a vagrant and have her locked up in the work house if she didn't. Supt. McQuaide issued orders to all police who know about the incident that it must not become public. But the story leaked out and caused great excitement. While police heads are trying to fix the blame for the leak and punish those responsible, Nan is staying right on In town. FIND BODY OF MAN IN BRUSH Had Long Lay Hidden on Wolcott Mountain—Always Been Thought to Be a Murder. Southingtcn, C§>nn. —The finding by berry pickers on Thursday of the skeleton of a man which had long lain hidden in the bushes on Wolcott mountain revived the story of what has always been thought by th • people of Southington ami Wolcott to be a murder. Four years ago Robert Perry, who lived at the foot of the mountain disappeared after receiving a legacy of $5,000 from England. Later his wlf? disappeared after telling a stcr> to the effect that Perry had gone to England to claim more money. For weeks townspeople searched the mountain side-and even partially tore down Perry's house and dug up the cellar to find traces of his body. The Southington Water Co., which em ployed Perry as a caretaker, assisted In tho search. Airs. Perry was mar ried three times before she met Perry, and when the first and second hus bands died the medical examiner here was called into view the bodies. Put Matches in Woman's Mouth. Hot Springs, Ark. —Mrs. N. Pettit was attacked on Thursday by a I man who, after beating her almost I insensible, thrust a rag saturated with i arsenic into he rniouth, bound her to her bod with wire and then tied a J number of matches in her mouth, so j that they would become ignited if sho moved her head. Two hours after .Mrs. Pettit had been bound and gagged her husband returned* from work and re leased her. On being released she fell into a faint and Is now in a precarious condition. You Read the Other Fellow's Ad 1 | You ar« reading this one. : a That should convince you J I that advertising in these -| columns is a profitable prop- I osition; that it will bring | I business to your store. ' a The fact that the other k | fellow advertises is prob j-j | ably the reason he is get i| I ting moro business than is ! I falling to you. Would it 1 I not be well to give the | | other fellow a chance To Read Your Ad in These Columns Year Stationery Is your silent representative. If you sell fine poods that are up to-date In style and of superior quality It ought to be reflected In your printing. We produce the kind that you need and will not feel ashamed to have represent you. That Is the only kind It pays to send out. Send your or ders to this office. r» The Buyers' Guide The firms whoso names are rcpr*» seated in our advertising column® are worthy ot the confidence of every person in the community who has money to spend. The fact that they advertise stamps them as enterpris ing, progressive men of business, a credit to our town, and deserving of support. Our advertising columns comprise a Buyers' Guide to fair dealing, good goods, honest prices, V J G.SCHMIDT'S,^ . HEADQUARTERS FOR ||r FRESH BREAD, l! popular I « CONFECTIONERY Daily Delivery, Allorders given prompt and skillful attention. Don't Use a Scarecrow To Drive Away ths tfl er Von can drive him out l ! ; , /|1 A ryTT quickly if you use the mail I -'y I I "* order houses' own weapon —advertising. Mail order I concerns are spending j V If"' 1 * 7 V' 112 thousands of dollars every t 1 1 m,V' "fffSr order to get trade l' j 7■>■ '•'/'.j w W from the home merchants, i i'l' ' ' >' ou think f° r a minute '! 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