York, a conservative. Taft resigned as Secretary of War on June 30 to devote himself full-time to the campaign. General election campaign Taft's opponent in the general election was Bryan, the Democratic nominee for the third time in four presidential elections. As many of Roosevelt's reforms stemmed from proposals by Bryan, the Democrat argued that he was the true heir to Roosevelt's mantle. Corporate contributions to federal political campaigns had been outlawed by the 1907 Tillman Act, and Bryan proposed that contributions by officers and directors of corporations be similarly banned, or at least disclosed when made. Taft was only willing to see the contributions disclosed after the election, and tried to ensure that officers and directors of corporations litigating with the government were not among his contributors. Taft began the campaign on the wrong foot, fueling the arguments of those who said he was not his own man by traveling to Roosevelt's home at Sagamore Hill for advice on his acceptance speech, saying that he needed "the President's judgment and criticism". Taft supported most of Roosevelt's policies. He argued that labor had a right to organize, but not boycott, and that corporations and the wealthy must also obey the law. Bryan wanted the railroads to be owned by the government, but Taft preferred that they remain in the private sector, with their maximum rates set by the Interstate Commerce Commission, subject to judicial review. Taft attributed blame for the recent recession, the Panic of 1907, to stock speculation and other abuses, and felt some reform of the currency (the U.S. was on the gold standard) was needed to allow flexibility in the government's response to poor economic times, that specific legislation on trusts was needed to supplement the Sherman Antitrust Act, and that the constitution should be amended to allow for an income tax, thus overruling decisions of the Supreme Court striking such a tax down. Roosevelt's expansive use of executive power had been controversial; Taft proposed to continue his policies, but place them on more solid legal underpinnings through the passage of legislation. Taft upset some progressives by choosing Hitchcock as Chairman of the Republican National Committee (RNC), placing him in charge of the presidential campaign. Hitchcock was quick to bring in men closely allied with big business. Taft took an August vacation in Hot Springs, Virginia, where he irritated political advisors by spending more time on golf