Newspapers / Henderson Gold Leaf (Henderson, … / Dec. 5, 1907, edition 1 / Page 4
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THE HENDERSON GOLD LEAF TH UKSD AY. DECEjM B EH 5 . 1 007 . r SIHT'Sl The president fa hl3 message to con gress says: No nation ha3 greater resources than ours, and I think It can be truthful! aid that the citizens of no nation pos sess greater energy end Industrial abil ity. In no nation are the fundamental business conditions sounder than tn curs at this very moment, and it is foolish -when such Is the case for peo ple to hoard money Instead of Keejiin? it ia sound banks, for it Is such hoard ing that Is the Immediate ooenslou of money stringency. Moreover, tin n role, the business of our people is con ducted with honesty and probity, and this applies alike to farms and fac tories, to raflroads and banks, to all our legitimate commercial enterprises In any large body of men. horever. there are certa'n to be soiiie who are dishonest, and If the conditions are such that these men prosper or commit their misd2d! with impunity their example Is very rri! thins for the community. Where th?se men are business ucn of pvji nugm-ltf and o' temuerameDt loth niwnipiihjtis an', reckless, sn ? hr- th conditions are such that they act without sup-rvisl'c or control and at first without effective check from public ophiiou. they delude many innocent people Into making in vestments or e iLarkinj in l:h:ds of business that are really imi: o ui 1. W'lior the misdeeds of these s;i -I'ssf m ;y dis honest men are discovered. tu.Terin? corner not only upon them, but upon the Innocent whom they have misled It Is a painful awakening, whenever It occurs, and naturally when it does oc cur those who suffer arc apt to forget that the longer it was deferred the more painful it would be. In the effort to punish the guilty It Is Loth wise and proper to cndeaor so far as possible to minimize the distress of thoo who have I eea misled by the guiliy. Yet it Is not possible to refrain because of such dh'tress from striving to put an end to the misdeeds that are the ulti mate causes of the suffering and, as a means to this end, where possible to punish those responsible for them. There may l honest differences of opinion as to many governmental poli cies, but surely there can be no such differences ax to the need of unflinch ing perseverance in the war against successful dishonesty. Intsrstate Commerce No small part of the trouble that e have come: 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 tlK'S not become a lilierty to wrong others. Unfortunately this is the kind or 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 wis then practically no Intersti V business save such ns was conducted !y water, and this tlu nationis! government at ouce proceeded io rctrv.'ate In thorough going J'. ml effective fashion. On ditions have now m wholly changed that tip Interstate commerce by water ia insig nificant compared with the amount that g'os by land, and aimost all big business concerns are now engaged in Interstate commerce. Asa result it can be but partially and imperfectly con trolled or regulated by the action of any one of the several states, such ac tion inevitably tending to he either tt jlritsn ,if.itw,k twi liv fill,! Ill .itll;il case Ineffective for purposes of justice Only the national government can In thoroughgoing fashion extreme the needed control. This does not mean that there should be any extension of federal authoriiy. for fc-uch authority already exists under the constitution In amplest and most far reaching form, but it does mean that there should be an extension of federal activity This Is not advocating ceutrali.atiou. It is merely looking facts in Hie face and realizing that centralization in business has already come and cannot be avoid j ed or undone nud that the public ht large tan only protect itself from cer tain evil effects of this business cen tralization by providing letter methods for the exercise of control through the authoriiy already ceutralized in the national government by the constitu tion itself. There must be no la!t In the healthy constructive course of ac tion which this nation has elected to pursue and has steadily pursued dur ing the last six years, as shown both in the legislation of the congress and the administration of the law by the department of justice. National License For Railroads. The most vital need Is m connection with the railroads. As to these. In my Judgment, there should now be either a iiatiowal incorporation act or a law , licensing railway companies to eugago in interstate commerce upon certain couditious The law slunld be so fronted as to give to the interstate commerce commission power to pass upon the future issue of securities, while amide means should be provided to enable the commission whenever in Its judgment it is necessary to make 0 physical valuation of any railroad. As I stated in my message to the congress a year ago, railroads should be given power to enter into agreements sub ject to thesa agreements being- made jablic in minute detail and to the con sent of the interstate commerce com mission 1eing first obtained Until the national government assumes prop er control of Interstate commerce in the exercise of the authority it already possesses it will be impossible "either to give to cr to get from the railroads 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 Per cise it. The courts wiil determine thf limits within which the federal author ity can exercise it. and there will still remain ample work within each state for tha railway 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.. Moreover, in my judgment there should be additional legislation looking to the proper control cf the great busi ness concerns engaged la Interstate business, this control to be exercised for their own benefit and prosperity no less than for the protection of In vestors and of the general public. As I have repeatedly said In messages to congress and elsewhere, experience has definitely shown not merely -the unwis dom, but the futility, of endeavoring to put a stop to all business combinations. Modern industrial conditions are such that combination is not only necessary, j but inevitable. It is so in the world of j business just as it Is so in the world of labor, and It is as idle to desire to put an end to all corporations, to all big combinations of capital, as to desire to put an end to combinations of labor. Corporation and' labor union alike have come to stay. Each if properly man aged is a source of good and not evil. Whenever In either there is evil it should be promptly held to account, but it ihould receive hearty encourage ment so long as It is properly managed. It is profoundly Immoral to put or keep on the statute books a law nomi nally lit the Interest of public morality that reaily puts a premium upon pub lic immorality by undertaking to for bid honest men from doing what must be done under modern business condi tions so that the law Itself provides that its own Infraction must be the condition precedent upon business suc cess. To aim at the accomplishment of too much usually means the accom plishment cf too little and often the do ing of positive damage. Not Repeal, but Amendment. The antitrust law should not be re pealed, but it should be made both more efficient and more In harmony wl'.h actual conditions. It should be fo amended a to forbid only the kind of combination which does harm to the M-!e;-:!l public, such amendment to be accompanied by or to be an incident of s grr.iit of supervisory power to the government over these big concerns enxaj-ed n Interstate business. Thi3 i-bou; I be .cLoui! -in led by provision f it tLe compulsory publication of ac counts am! the subjection of books and f apei-s to tit-; . inspection of the gov triiiint'of.icials. A beginning has al ready U-en made for such supervision by the establishment of the bureau of co. po"atioi)s 'i jc antitrust law should not prohibit combinations that do no Injustice to t'lt- public, still less those the existence cf which is on the whole of benefit t tLe public Dut even if this feature of the law were abolished there would r jiiiain as an equally objectionable fea ture the dKIkulty and delay now Inci dent lo its enforcement. The govern ment must now submit to Irksome and repeated delay before obtaining a final de lol.m ol tl:e courts upon proceedings iubiUutcd, and even a favorable de cree may mean an empty victory. Mo cover, to attempt to control these C3:poratlon8 by lawsuits means to Im po. e upon both the department of justice and the courts an impossible burden. It is not feasible to carry on more than a limited number of such i-u'.H. Such a law to be really effec tive must of course be administered by an executive body and not merely by means of lawsuits. The design should be to prevent the abuses lncl dJLt to the creation of unhealthy and improper combinations instead of wait ing uutll they are in existence and t.'ieu attempting to destroy them by civ;; or criminal proceedings. Law Should Be Explicit. A combination should not be tolerat cl If it abuse the power acquired by combination to the public detriment. No corporation or association of any I: : f-Loi:!d be permitted to engage In foreigu or interstate commerce that Is formed for the purpose of or whose operations create a monopoly or gen era! cuntrol of the production, sale or distribution of any one or more of the prime necessities of life or articles of general use and necessity. Such com minutions are against public policy. They violate the eomuin law. The doors of the courts are closed to those who are parties to them, and I believe the congress can close the channels of interstate commerce against them for its protection. The law should make Hs prohibitions and permissions as clear and definite as possible, leaving the least possible room for arbitrary action or allegation of such action on the part of the executive or of diver cent Interpretations by the courts. Among the points to be aimed at should.be the prohibition of unhealthy competition, such as by rendering serv ice at an actual loss for the purpose of crushing out competition, the preven tion of Inflatiou of capital and the pro hibition of a corporation's making ex elusive trade with itself a condition of having any trade with itself. Reason able agreement between or combina iions of corporations should be per mitted provided they are first submit ted to and approved by some appro priate government body. Congress' Power. The congress has the power to char ter corporations to engage in interstate iv.d foreigu commerce, and a general law can be enacted under the provi sions of which existing corporations could take out federal charters and new federal corporations could be cre ated. An essential provision of such a law should be a method of predeter mining by some federal board or com 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- r'.ete protectiou to the investing public and ibi shareholders in the matter of issuing corporate securities. If an In corporation law is not deemed advisa ble, a license act for big Interstate cor porations might be enacted or a com bination of the two might be tried The supervision established might be analogous to that now exercised over Liitioual lKi.ks At least the' anti trust act shoul:! De supplemented by specific i rohibltions of the methods wnich experience Das shown have been cf most service in enabling monopolls tic combinations to crush out competi tlon. The real owners of a corporation should be compelled o do business in their own name. The right to hold stock in other corporations should here after be denied to interstate corpora tions. unless on approval by the proper government officials, and a prerequisite to such approval should be the listing with the government of all owners and stockholders, both by the corporation Ing such stock and by the corpora- in which such stock Is owned. Lessons of Recent Crisis. To confer upon the uational govern ment In connection with the amend ment I advocate in the antitrust law power of supervision over big business concerns engaged in interstate com merce would benefit them as it has benefited the uational banks. In the recent business crisis it is noteworthy that the institutions which failed were institutions which were not under the suerv!siou aud control of the national government. Thosa which were under national control stood the test. National control of the kind above advocated would be to the benefit of every well managed railway. From the standpoint of the public there Is need tor additional tracks, additional terminals pud improvements In the ac tual handling of the railroads, and all this as rapidly as possible. Ample, ?af? and peedy transportation facili ties are even more necessary than cheap transportation. Therefore there is need for the investment of money which will provide for all these things while at the same time securing as far as is possible better wages and shorter hours for their employees. Therefore, while there must be Just end reasona ble regulation of rates, we should be the first to protest against any arbitra ry and unthinking movement to cut them down without the fullest and most careful consideration of all inter ests concerned and of the actual needs of th situation Only a special body of men acting for the national govern ment under authority conferred upon it by the congress Is comietent to pass Judgment on such a matter. Those who fear, from any reason me extension of federal activity will do wehto study the history not only of. the national Imnklug act. but of the pure food law. and notably the meat inspection law recently enacted. The pure food law wan opiosed so vlolent lv that its passage was delayed for a decade, yet it has worked unmixed and Immediate good The meat inspection law was even more violently assailed, and the same men who now denounce the attitude of the uatlonaf govern ment in seeking to oversee and control the workings f interstate common car riers anJ business concerns then as serted that we were -discrediting and ruining -j great American industry. Two years have not elapsed, and al- readv It has become evident that tne great benefit the law confers upon the public Is accompanied by an equal ben efit to the reputable packing establish ments The bitter are better off under the law than they were without it The benefit to interstate common car riers and business concern from the legislation I advocate would be equal ly nif.rked . Pure Food Law. Incidentally in the passage of the pure food law thp action of the vari ous state food and dairy commission ers showed in striking fashion how much good for the whole jeople results from the hearty co-operation of the federal and state o.iicials in securing a given reform It is primarily to the action ot these state commissioners that we owe the enactment of this law, for they aroused the people, first to demand the enactment aud enforce ment of st.-.-e laws ou the subject and then the en.nvment of the federal law, without which the state laws were largely ineffectlvo There must be the closest cooperation between the na tional and state governments in ad ministering these .'aws Currency Legislation Needed. I ag.iin urge on the congress the need of immediate attention to this matter. We nee:l a greater elasticity in our currency, provided of course that we recogni".e the even greater need of a safe and ecnre currency Provision should .be in;!de for nn emergency currency I n emergency issue should of course t.e made with an effect iv guarantee and upon, condi tions carefrdly prescribed by the gov ernment. Such emergency issue must be b;i':el on adequate securities ap proved by the government and must be issued under a heavy tax. This would permit currency being issued when the demand for ir was urgent, while secur ing its retirement as the demand fell off It N vvirth investigating to de termine w he her officers and directors of natioual banks should ever be al lowed to loan to themselves. Trust companies should be subject to the rame sir e:i ion as banks. Legisla tion Jo tlii - eflcct should be'enacted for the District of Columbia and the ter ritories Yet we must also remember that even the wisest legislation on the sub ject van only accomplish a certain auiouiu No legislation can by any possibility guarantee the business com muuiry against the results of specula tive folly any more than it can guaran tee an iiidh idua . ;:gainst the results of his extravagance When an individual mortgages his bouse to buy an auto mobile he invites disaster, and when wealthy men or men who pose as such r are unscrupulously or foolishly eager to become such indulge in reckless speculation, especially if it is accom panied by dishonesty, they jeopardize not only their own future, but the fu ture of all their innocent fellow eitt zens. for they expose the whole busi ness community to panic and distress. Can't Revise Tariff Now. This country is definitely committed to the protective system, and any ef fort to uproot it could not but cause widespread industrial disaster. In other words, the principle of the pres ent tariff law could not with wisdom be chauged. But in a country ot such phenomenal growth as ours it la prob ably well that every dozen years or sq the tariff laws should be carefully scru tinized so as to see that no excessive or improper benefits are conferred thereby, that proper revenue Is provid ed and that our foreign trade is en couraged There must always be as a minimum a tariff which will not only allow for the collection of an ample revenue, but which will at least make good the difference in cost of produc tion here and abroad that is, the dif ference in the labor cost here and abroad, for the well being of the wage worker must ever be a cardinal point of American policy. The question should be approached purely from a business standpoint, both the time and the manner of the change being such as to arouse the minimum of agitation and disturbance in the business world and to give the least play for selfish and factional -motives. The sole con sideration should be to 6ee that the sum total of changes represents the public good. This means that the sub ject cannot wltb-wisdom be dealt with In the year preceding a presidential election, because as a matter of fact experience has conclusively shown that at such a time it is Impossible to get men to treat It from the standpoint of the public good. In my judgment the wise time to deal with the matter is immediately after such election. Income Tax and Inheritance Tax. When our tax laws are revised the question of an income tax and an In heritance tax should receive the care ful attention of our legislators. In my judgment, both of these taxes should be- part of our system of fed eral taxation. 1 speak diffidently about the income tax because one scheme for an income tax was declared unconsti tutional by the supreme court, while In addition it is a difficult tax to admin ister in its practical working, and great care would have to be exercised to see that it was not evaded by the very men whom It was most desirable to have taxed. Nevertheless a graduated Income tax of the proper type would be a desirable feature of federal taxa tion, and it is to be hoped that one may be devised which the supreme court will declare constitutional. The inheritance tax. however, is a far better method of taxation. The government has the absolute right to decide as to the terms upon which a man shall receive a bequest from an other, and Jhls rMnt in the devolution of property :j -sjecially appropriate for the liuisl;ion if a. tax. Ijiws im posing Kiit-h .axi! have repeatedly been placed upon the uational statute books and as reieated!y declared constitu tional by the courts, and these laws contained the progressive principle that Is. after a certa!n amount Is reach ed the behest or gift in life or death Is Increasingly burdened and the rate of taxaii j:j is increased in proiortion to the leinolwiws ' blood of the man receiving the tcquest These principles are recoguid ulready in the leading Civilized nations of the worid. Germany's Inheritance Tax. -The Ocr:!:!!', law Is MH-ially inter esting fo us !:.. ii iuakeis the in heritance tax sin inierhil measure while atlotlng to ibf Individm;! states of the -empire a portion of the pro ceeds and jer:riitting them to i:n;:e taxes In addition to those imposed by the Imperial government Sim;!! inher itances are exempt, but the tax is so sharply progressive that when the in heritance Is still not very large, pro vided It is not an ngricultural or h for est land. It Is taxed at the rate of 23 per ceh If It goes to distant relatives. There is no reason v ! in the I'Ped States the national government should not Impose Inheritance taxes in addi tion to those imM.-.e 1 by the st:i"es. and when we last hud an inheritance tax about one-half of th states levied such taxes concurrently, with the na tional government, making a combined maximum rate in some' eases as high as 25 per eiit. To Tax Nonresidents Higher. The tax should if possible be made to bear more heavily uou those resid ing without the ecu n try than within it. A heavy progressive tax upon a very large fortune ut in no way such a tax upon thrift or Industry as a like tax would be on a small fortune. No ad vantage comes either to the country as a whole or to the individuals inher iting the money by permitting the transmission in their entirety of the enormous fortunes which would be af fected by such a tax, ami as an Inci dent to its function of revenue raising such a tax would help to preserve a measurable equality of opportunity for the people of the generations growing to manhood. We have uot the slightest sympathy with that socialistic ide:i which would try to put laziness, thriftlosness and 'nefficiency on a p:n w'th industry. thrift aud efficiency, which would strive to break up not merely private property, but. what is far more impor tant, the dome, the chief prop upon which our whole civilization stands. Such a theory if aver .adopted would mean the ruin of the entire country, but proposals for legislation such as this herein advocated are directly op posed to this class of socialistic the ories. Enforcement c? the Law. A few years ago there was loud com- iaint that the law could not be in voked against wealthy offenders. There is to such complaint now The course' cf the department of justice during the last few years lu:a been such as to make it evident that no man stands above the law. that no corporation is so wealthy that it cannot be held to ac count. Everything that can be done untlei the existing law uiiti with the existing state of public opinion, which so profoundly influences both the courts and juries has been done out the laws them.-eives need strengthening They should be made more definite, so that no honest iaa:i can be led unwittingly to. break then; and so, that the real wrocgdeer can tie readily punished. Moreover, there mit l.c the public opinion back f the i.i i. s t-r the laws themselves will If ot no avail The two g e:'.i evils i;i the execution of our erimiu ii lawa today an- sentimentality and u-ciniicitlity For the Litter the remedy must come from the hands of the legislatures, the cuurls and the law yers. The other must depend for its cure upon the gradual growth of a sound public opinion which shall insist that regard for the law and the de mands of reason shall control all other Influences and emotions in the jury box. Both of these evils must be re moved or public discontent with the criminal law will continue. Injunctions. Instances of abuse In the granting of injunctions in labor disputes con tinue to occur, and the resentment In the minds of those who feel that their rights are being invaded and their lib erty of action and of speech unwar rantably restrained continues likewise to grow. Much of the attack on tho use of the process of injunction is wholly without warrant, but I am con strained to express the belief that for some of it there is' warrant This ques tion is becoming one of prime impor tance, and unless the courts will deal with it in effective manner it is cer tain ultimately to demand Borne form of legislative action. It would be most unfortunate for our social welfare if we should permit many honest and law abiding citizens to feel that they had just cause for regarding our courts with hostility. I earnestly commend to the attention of the congress this matter, so that some way may be de vised which will limit the abuse of in junctions and protect those rights which from time to time it unwarrant ably invades. Moreover, discontent is often expressed with the use of the process of injunction by the courts not only in 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 is an es sential adjunct of the court's doing Its work well, aud as preventive measures arc always I tetter tbau remedial the wise t:se of this process Is from every standpoint commendable. But where it is recklessly or unnecessarily used the abure should le censured, above all by the very men who are properly anxious to prevent any effort to shear the -ourts of this necessary power. The court's decision must be final. The protest is only against-the conduct of individual judges in needlessly antici pating such bual decision or in the tyrannical use of what Is nominally a temporary" injunction to accomplish what is In fact a permanent decision. The president urges the passage of a model employers" liability act for the District of Columbia and the territories to encourage corporations to treat in jured wageworkers better. He em phatically indorses the eight hour day. The president urges the states to fight the child and woman labor evIL He says: The national government has as an ultimate resort for control of child la bor the use of the Interstate commerce clause to prevent the products of child labor from entering into interstate com merce. But before using this It ought certaiuly to enact model laws on the subject for the territories under its own immediate cootroL Presidential Campaign Expenses. Under our form ot government vot- ..ad. uioreoter. a fundamental and nec essary duty. if a man is to be a good citizen. It is well to provide that cor porations shall not contribute to presi dential or national campaigns and, fur thermore, to provide for the. publica tion of both contributions and expendi tures. There is, however, always dan ger in laws of this kind, which from their very . nature are difficult of en forcement, the danger being lest they be obeyed only by the honest and dis obeyed by the unscrupulous, so as to act only as a penalty upon honest men. Moreover, no such law would hamper an unscrupu'ous man of unlimited means from buying his own way Into office. There is a very radical meas ure which would, I. believe, work a substantial improvement in our sys tem of. conducting a campaign, al though I am well aware that it will take some time for people so to famil iarize themselves with such a proposal as to be willing to consider its adop tion. The need for collecting large campaign funds would vanish if con gress provided an appropriation for the proper and legitimate expenses of each of the great national parties, an appro priation ample enough to meet the ne cessity for thorough organization and machinery, which requires a large ex penditure of money. Then the stipu lation should be made that no party receiving . campaign funds from the treasury should accept more than a fixed amount from any Individual sub scriber, or donor, and the necessary publicity for receipts and expenditures eciild without difficulty be provided. The Army. The - president recommends legisla tion to increase the number of officers in the army, especially in the medical orps. The rate of pay of officers should be greatly increased, he de clares. There should be a relatively even greater increase in the rate of pay of enlisted men if we are to keep the army in shape to be effective in time of need. The president recom mends severe examination of officers for promotion up to the rank of major. From that point promotion should be purely by selection. He speaks of the recent physical test of army officers with emphatic approbation and recom mends a bill equalizing the pay of officers and men of the army, navy, marine corps and revenue cutter serv ice. The Navy. Concerning the navy the president, says: . ' In my judgment, we should this year provide for four battleships. But it is idle to build battleships unless, in addition to providing the men and the means for thorough training, we pro vide the auxiliaries for them uess we provide docks, the coaling stations, the colliers and supply ships that they need. We are extremely deficient in coaling stations and docks on the .Pa cific, and this deficiency should not longer be permitted to exist Plenty of torpedo boats and destroyers should be built. Both on the Atlantic and Pa cific coasts fortifications- of the best type should be provided for all our greatest harbors. Until our battle fleet is much larger than at present it should never be split into detachments so far apart that they could not in event of emergency be speedily united. Our coast line is on the Pacific just as much as on the At lantic. The battle fleet should now and then be moved to the Pacific, just as at other, times it should be kept in the Atlantic. When the isthmian canal is built the transit of the battle fleet from one ocean to the other will be comparatively easy. Until it is built I earnestly hope that the battle fleet will be thus shifted between the two oceans every year or two. The battle fleet is about starting by the strait of Magellan to visit the Pacific coast Sixteen battleships are going under the command of Rear Admiral Evans, while eight armored cruisers and two other battleships will meet him in San Fran cisco, whither certain torpedo destroy ers are also going. No fleet of such size has ever made such a voyage, and it will be of very great educational use to all engaged in it The only way by which to teach officers and men how to handle the fleet so as to meet every possible strain and emergency in time of war is to have them practice under similar conditions in time of peace. The president recommends the In creased pay for both officers and enlist ed men and advises promotion by se lection above the grade of lieutenant commander. Foreign Affairs. In foreign affairs, the president says, this country's steady policy Is to be have toward other nations as a strong and self respecting man should behave toward the other men with whom he is brought into contact In other words, our aim is disinterestedly to ielp other nations where such help can be wisely given without the appearance of med dling with what does not concern us, to be careful to act as a good neighbor and at the same time in good natured fashion to make it evident that we do not intend to be Imposed upon. I The president refers at length to The Hague ieace conference. He believes it accomplished much good work. Postal Savings Banks. The president says on postal affairs: I commend to the favorable consid eration of the congress a postal sav ings bank system as recommended by the postmaster general. " . - ' Through the agency of the postal savings banks such moey would be restored to the channels of trade, to the mutual benefit of capital and labor. I further commend li the congress the consideration of the postmaster general's recommendation for an ex tension of the parcel post, especially on the rural route. It would be a most desirable thing to put the fourth class postuiitsters in the classified serv ice. Other, recommendations are: Deepening of the inland waterways, J 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. The amendment of the public land laws to , make them more effective against land grabbers and more favor able to bona fide settlers. Retention of the government's title to public coal and other mineral lands. Extension of the national forest re serves., v -Citizenship for the people of Porto Eico. Freer local self government for Alas ka. Encouragement of the merchant ma rine, particularly of an ocean mall line to South America. Remission of the Boxer indemnity and freer, entry for Chinese - strdents coming to America. THE OKIGMAI. LAXATIVE COUGH SYRUP ROiuEDY'S LAXATIVE KOKEY-TAn at Btwcy BM m twry ; Ik I! fe IV-j , if. I .3v M,H-4-f "-.- KysJ Ls WW W W WW W WW o 0 C) C) 0 o o 0 Q o C) o o C) o o O O O O O O O O O MAS We insist on pleasing every purchaser aWhis store. Satisfied custo mers are our best advertisement. When you buy goods here your money has a string to it until you find your purchase satisfactory in every way. If not entirely as represented, through any fault of ours, you may pull the string and the money is back in your pocket again. Satisfied patrons or money refunded that's our platform. We know we are in position to sell you PepemdaMe MeircItoaiiMise at the very lowest price obtainable, style and quality considered. You are safe-guarded in purchasing at this store by the known reliability of the establishment. You always get what you pay for often more, but never less. The position of this store assures purchasers the greatest values for their money. Therefore it will certainly pay you to look through our line and get our prices before purchasing elsewhere. 8 C) o o 0 o o 0 o 8 GEO. O O "THE 8 CCCCCOCCOCCOCCOCCOCCOCCCCCOCOCCOCCCCC OPENING MECKLENBURG .i Waters for sale by ip-to-date whole sale and retail drug stores everywhere! is Kerner-McNaJr "EBestt M 4Ihie" WoipM. Favorite Steel Plate Ranges EXCEL ALL OTHERS RIBHmiBE. 0 WWW W W W WW Wf WW A STIEIRTG STORE THAT SATISFIES." OF THE FALL SEASON! AT THE FAMOUS CHASE CITY. VIRGINIA. Can vr.ii afTorrl nor tn sr.-prl a few weVs at tnis cWiVnrful resort Here von find Health. Rest and Recreation. Modern notel comforts, with stnVtlv first-class ciiime and service. Fvrv ammpiiiAnt. inchidina ridinor. driving Fox Chases, etc World's famous Mineral Waters, which restore that lost en ergy and eonin von for a shannons wintr rmrvirn. Baruch" Baths. 'DehVhtful comnanv. DehVhtfnl weather. Rates within reach of alL Reservations by wire or letter. : : : Company Distributors for Henderson nd Vicinity. 99 Because they are Make EetitfeFi QJqg Less FaneU, Every one Guaranteed. , Do not buy a range 0 cooking stove until you have seen the FAVORITE. ;occ OOOwwOOwO o TAD IT. HOTEL, 0 o 8 o o C) o o C) o o o o o o o 8 o s o o o o o 8 o o 0 o o o () o o 3 J 3
Henderson Gold Leaf (Henderson, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 5, 1907, edition 1
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