THE WAR AGAINST WEALTH

Taranaki Herald, Volume LIV, Issue 13505, 21 August 1907, Page 5

THE WAR AGAINST WEALTH

RAILROADS AND TRUSTS. STRINGENT REFORMS ADVOCATED, United Press Association — By Electric Telegraph. — Copyright. r (Received August 21, 7.40 a.m.) NEW YORK, August 20. Mr W. H. Taft, 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, tq enforce a uniform classification of height, Vtf all railroads, also the power to prevent the over-capitali-sation of railroads.

Mr Taft advocated other radical reforms aimed at preventing the absorption of all railroads into one hand. If the abuses were not stopped, he said, the. movement in favour of Government ownership of railroads would become formidable. He further advocated more stringent amendments of the anti-trust laws/toughY he^aiS^f^fsidn :of the | 'ftrdt^ctiye tariff would be made.«bjr the Republican Congress immediately afterthe next^ Presidential election.