EDITORIALS
Rocking the Boat THE first business transacted after the reading of the President's message was the adoption of the motion submitted by Senator Hale of Maine to print as a public document the...
...Even as to Maine and Montana it may transpire that they have been engaged in that stupid entertainment sometimes called "Rocking the Boat...
...He follows bulletins to the best of his ability, and asks no questions...
...One employee who did not contribute said that his foreman talked to him three different times about paying...
...In the United States the Federal courts, composed of men chosen for life, speak the last word which all must obey...
...Bush's telegram below referring to Cherry Mine Disaster...
...People who had never before heard of Cherry gave willingly and gladly...
...They should be allowed to earn just dividends, as Judge Grosscup says, but the manner in which rates shall be imposed should be determined by agencies charged with responsibility for the general good, and not merely with the task of collecting dividends...
...They should remember that there is quite an extended territory in this country overlying the boundaries of Maine and Montana...
...This profit capitalized conservatively at 5 per cent, places a nominal value of $30 on Mrs...
...Money of Wall Street never dies, never resigns, and must be hurled from his place of power in our politics by the force of the ballot of an aroused people...
...Are those not public questions to be settled by the nation, rather than by the individuals who operate the highways...
...And the equities are all on the side of Mrs...
...Record-Herald headlines...
...Some of the men refused to pay...
...The Wall Street Journal has figured out, according to Wall Street methods, the earning power of a hen...
...The conspicuous and interesting thing about this report is the emphasis placed upon the fact that the corporation tax measure is a revenue measure and not a device for the gathering of information which might embarrass corporations and interfere with its enforcement as a revenue measure...
...Hen vs...
...but an invitation...
...Rocking the Boat THE first business transacted after the reading of the President's message was the adoption of the motion submitted by Senator Hale of Maine to print as a public document the speech which Cannon delivered at Kansas City on November 26...
...He forgets that the railways may so impose rates as to nullify these public functions, and that without exacting unduly large dividends...
...We quote from the report of the Record-Herald...
...Below is list of collectors appointed, who will see you and take your donation...
...Is this Philanthropy...
...Following is a copy of the bulletin posted in the round-house at Milwaukee: BULLETIN...
...Here's health and long life to Leader Money of Mississippi...
...Money as a Senate Leader THE SELECTION of Money of Mississippi as Senate minority leader is less important than the leadership of both House and Senate by Money of Wall Street...
...Mowry in an article printed on another page describes the character and purpose of each of these publications...
...Clearly this is not an order...
...Motive Power...
...The railways are great institutions, but they are not free enough from selfishness to be entrusted with this all-pervading and tremendous power of rulership...
...Hale and Carter are proceeding upon the assumption that the Boston & Maine Railroad and the Amalgamated Copper Company can carry the next election...
...By the methods of imposing rates one community may be built up, and another destroyed, one industry may be fostered and another depressed, one city made into a Chicago, and another nipped in the bud as have been many little Chicagos...
...I, therefore, desire to give every employee of the Operating Department of the St...
...The exercise of the rate-making power is, in short, a power of rulership, of government, of highway control...
...Railroad HIGH FINANCE is beginning to cast longing glances at the lowly, but industrious, American hen...
...This should make the man, who honestly justified the corporation tax provision as a substitute for the income tax, to himself, and hoped also to be able to justify it to his constituents as a publicity measure, feel like a woolly horse...
...Money of Mississippi is the soul of honor, whose word is as good as his bond...
...Applauded to the echo by his audience which "included high officials of railroads and other corporations" at the annual dinner of the Illinois Manufacturers' Association last week, Judge Grosscup asserted that "Neither the Interstate Commerce Commission nor the Federal Courts are as well qualified to fix rates as are the railways themselves...
...The suffering and sorrow that followed were keen...
...The judge appears to think that rates are primarily for the purpose of producing dividends, and secondarily to pay the railways for discharging a function purely public...
...Hens at work, they should together be capitalized at $4,500,000,000...
...Since there are 150,000,-000 Mrs...
...Paul Railway...
...Given the right to earn adequate dividends, is it really any of the railway's business as to what commodities they are raised from, or what communities or individuals shall be benefitted by them...
...Garfield protected the people's property because there was no law to prevent...
...To the railroad employee, however, a bulletin from the general manager is in the nature of a mandate from the Powers That Be...
...Employees Milwaukee Shops...
...The heart of the entire country was touched...
...Please note Mr...
...Money of Mississippi is a fine old southern gentleman in the best sense of the word...
...This is more than one-fourth of the total capitalization, stocks and bonds, of all American railroads...
...Their wives and children are in the midst of suffering as well as sorrow...
...It must be taken from them...
...that not the slightest suggestion of compulsion, direct or inferred, be employed by the company...
...Paul officials to "invite" their men to contribute...
...It was quite generally referred to in the press as "reading the progressives who voted against the tariff bill out of the Republican party...
...The railroad enjoys the benefit of monopoly power in piling up its earnings...
...AT CHERRY, Illinois, a few weeks ago, there occurred an appalling catastrophe...
...Later in the day Senator Carter of Montana obtained unanimous consent to print as a public document the speech which President Taft delivered at Winona, Minnesota, September 17...
...And it was apparently in this spirit that the men who were appointed as collectors interpreted the bulletin posted in the Milwaukee round-house...
...We cannot commend, however, the methods employed by the St...
...Funds were raised by contribution in town and country for the relief of the stricken families...
...The amounts will be forwarded to Mr...
...Paul road an opportunity to contribute twenty-five cents (25c...
...And the transaction becomes especially distasteful when it is known that the stock of the Cherry mine in which the tragedy occurred is held almost wholly, if not entirely, by high officials of the Chicago, Milwaukee & St...
...Money of Wall Street is destitute of honor in public life, and is guilty of most of its corruption, local, state and national...
...Others paid because they thought it was expected of them...
...but is a step in the right direction...
...And the nation...
...Chicago, Milwaukee & St...
...All Engine and Round House Men...
...The speaker then said that the railways should be limited as to the rate of their dividends, and suggested that all earnings above the line of proper dividends be turned over to the public treasury...
...And we are informed reliably that "this matter has stirred up a good deal of feeling and is the subject of a great deal of talk out at the shops...
...We refer to the manner in which the officials of the Chicago, Milwaukee & St...
...Denver, Houston, Philadelphia, San Francisco, and Boston have pointed out a solution by publishing journals of information for distribution among the citizens at regular intervals...
...Paul Railway Company...
...They inquired not whose was the fault, whose the responsibility for the awful tragedy...
...Deducting 40 cents for maintenance and 10 cents for depreciation, there remains $1.50 net profit...
...Officials bulletins were posted in the shops and round-houses of the road inviting the men to subscribe...
...One may approve such action even though the disaster occurred in a mine which was practically owned by the corporation, and even though the accident was due to negligence for which the corporation should be held liable...
...What would Europe do without Cannon and the Finance Committee...
...It is good to see, therefore, that several American cities have taken hold of this problem...
...Ballinger shirks his duty because there is no law compelling him to act...
...In this respect public business is like private business...
...Now, however, comes the report of the Treasury Department, interpreting the measure and embodying instructions for the officials of the Department to govern its application and enforcement...
...The Principles of Rate Making FEDERAL JUDGE PETER S. GROSSCUP is one of our real rulers...
...Whole World Feels Wave of Prosperity...
...You will note from newspaper accounts that conditions are such that immediate action is necessary A. E. Manchester, Supt...
...To them it was an order to be obeyed...
...In this speech Cannon says: "I know of but one way to treat them (the progressive Senators and their following) and that is to fight them just as we fight Mr...
...to a fund for their relief, and although this amount is small it will produce an aggregate of several thousand dollars...
...Foremen and others among the employees were designated to receive the money...
...Immediate relief is necessary and help for them will be needed for some time to come...
...Hen, for she is engaged in a competitive business...
...And here's confusion and annihilation to the political reign of Money of Wall Street...
...This speech was in defense of the Payne-Aldrich tariff law...
...Below is a copy of a telegram from General Manager Bush: "The dead in the Cherry mine were comrades in our work...
...Quickening Pulse of Industry is Indicated by Increase of 1909 Trade...
...16, 1909...
...But in this symphony of human kindness and brotherhood a jarring note was struck...
...If the people's will is to prevail in matters political, the people must have at their command sufficient knowledge of public affairs to enable them to form intelligent judgments...
...You can hand your contribution to the head of the department you are employed in, or whoever he designates...
...If a man knew nothing whatever about the conduct of his factory except what one of his employees told him at the end of every two or four years, he would be unprepared to manage it wisely...
...Here follows list...
...Bryan and his following...
...The Corporation Tax and Publicity IT SEEMS only a few days ago that the corporation tax provision of the tariff law was being advocated and endorsed, as a substitute for the income tax provision, on the ground that said corporation tax would, without im-pssing a heavy burden upon corporations, yield some revenue and, better still, afford a valuable source of publicity of corporation methods and corporation affairs...
...And thus is the beneficence of the Payne-Aldrich act, not only to this nation, but to the whole world, vindicated, and Wisdom justified of her children...
...This statement leaves to be desired the limitation of stock issues to the real investment...
...Provided that the contributions are entirely voluntary...
...Informing the Voters MORE and more the idea is gaining ground that in order to have good government voters must be accurately and constantly informed...
...It fails to show, however, ap.y proper conception of the fact that the incidence of railway rates is quite as important as their amount...
...And the question comes up: If it is a good thing for cities to publish these journals for the information of its citizens, why is it not an equally good thing for the state to do so too...
...Hanney, Treasurer of the fund...
...It appears that one hen lays, on the average, 120 eggs a year, which at current prices bring a revenue of $2...
...They gave what they could, and their sympathy...
...Milwaukee Round House, Nov...
...He is not in the habit of making too fine a distinction between requests and instructions...
...And so with the business of the government...
...Money of Mississippi will voluntarily retire from public service one of these days, and will be missed by all who know him...
...Paul railroad solicited contributions from their employees for the relief fund...
...It is interesting, not to say ominous, when one of these functionaries speaks as does Grosscup on so exigent an issue as the making of railway rates...
...Money of Wall Street is not a gentleman in any sense...
...A mine explosion followed by fire resulted in the death of hundreds of coal miners...
...It is altogether laudable for the officials of a great corporation to give their employees an opportunity to send their money quickly and easily to relieve suffering of this kind...
...Ballinger's character, like a wooden fence, cannot be strengthened by a coat of whitewash...
Vol. 1 • December 1909 • No. 51
