WAR AGAINST THE TRUSTS.
THE AMKli'n. AN RAILWAYS. New York, August 20-. Mr W. 1L Tal't. Secretary for War, Speaking at Columbus, Ohio, declared that "the Inter-State Commerce Act was a failure because it did not secure the fixing of reasonable railway rates. The Commerce Commissioners ought to possess power to enforce a uniform classification of freight by all railroads, also the power to p-, in nit the o.;r-capitali-sation of railroads. Mr Tail advocated other radieai reforms aimed at j '.uventing the absorption of ail raiiroids iiit one hand. If the abuses were not flopped, he said, the movement in favour of Government ownership of railroads would become formidable, lit further advocated more stringent ani"uuments of the anti-trust laws, though, be paid. » revision of the protective tariff would be made by the Republican Congress immediately after the next Pividential" election.
PRESIDENT ROOSEVELT'S DETERMINATION. Received 21st, 10.M p.m. New York, August 21. President lloosevclt, laying Ujl* corner atone of a monument at Prinect.ovn to commemmorate the land of the i'ib'rim Fathers, stated the Cover anient ought to control railroad corporation, like they supervised National Hanks. lie was determined that none shall amass a great fortune by special privilege, chicanery, wrongdoing or the use 0 f a fortune for anti-social purposes. Something must lie done to secure the conviction of trust managers in criminal prosecutions, thus stamping out the evil. He admitted the financial disturbance in Wall Street was partly attril.ulaSde to the Government's determination to punish malefactors of great wealth. win brought about financial stress in order to discredit the Government's policy. It Was hopeless fpr tliem to expect a reversal of the Government policy during hi» tenure of the Presidency.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19070822.2.13.7
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, Volume L, Issue 60, 22 August 1907, Page 3
Word count
Tapeke kupu
280WAR AGAINST THE TRUSTS. Taranaki Daily News, Volume L, Issue 60, 22 August 1907, Page 3
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.