The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1901-12-06

inevitably endangers the interests Of all
The fundamental rule in cur national lie,
therule which underlies all others, IS that
on the whole and in the long run we snail
go up or down together. There are eXcep-
tons, and in times of prosperity some Will
prosper far more and in times of ADVERSE
ty some will suffer far more than others
but, speaking generally, a period of good
| times means that all share more or less
in them, and in a period of hard times all
feel the stress to a greater or less degree.
lie points to the fact that in the past
been the really effective friend of the
] evils which he has been nominally oppos-
| ing In dealing with business interests
for the government to undertake by
crude and ill-conSidered legislation to do
what may turn out to be bad would be
/ to incur the risk of such far-reaching ma
! tiOnal disaster that it would be prefer
able to undertake nothing at all. The
men who demand the Impossible or the
! undesirable serve the allies of the
! forces with which they are nominally at
war, for they hamper those who would
! endeavor to find out in rational fashion
what the wrongs really are and to what
extent and in what manner it Is prac-
! ticable to apply remedies
Remedies for the Trust Evil.
But while he says the above is true, he
| yet sees many evils for which there should
! be remedies provided. OF these evils the
! its many baleful consequences lie says:
| The conviction of the American people
| trusts, are in certain of their features and
| tendencies hurtful to the general welfare,
[ IS DdSeC upon sincere CONVICTION Iudl COLI
/ bination and concentration should be not
| prohibited, but supervised and within
reasonable limits controlled, and in my
| As a remedy for these evils he says:
The first essential in determining how
to deal with the great industrial com
binations is knowledge of the facts
publicity. In the interest of the public
! the government should have the right to
! inspect and examine the workings of
/ the great corporations engaged in inter-
state business. Publicity is the only sure
! "
/ further remedies are needed in the way
of governmental regulation or taxation
! can only he determined after publicity
| has been obtained by process of law and
in the course of administration. The first
knowledge which may be made public
| to the world.
Artificial bodies, such as corporations
and joint stock or other associations de-
! pending upon any statutory law for their
existence or privileges, should be subject
TO proper governmental supervision, and
full and accurate information as to their
operations should be made public regu-
Larry at reasonable intervals
| The large corporations, commonly
called trusts, though organized in one
state, always do business in many states.
state where they are Incorporated There
is utter lack of uniformity in the state
any exclusive interest in or power over
their acts it has in practice proved i'm
possible to get adequate regulation
| interest of the whole people the nation
! should. without interfering with the DOW
assume power of supervision and regUla-
ton over all corporations doing an inter
state business. This is especially true
where the corporation derives a portion
| OF its wealth from the existence of some
monopolistic element or tendency in IFS
business. There would be no hardship in
such supervision. Banks are subject to
| it, and in their case it is now accepted
is probable that supervision of corpora
tlons oy the national government need
supervision exercised over them by so
conservative state as Massachusetts in
order to produce excellent results"
The president believes that it will be
possible to secure the needed remedies
for the trust evil under the constitution
as 1t now exists, bur if congress thinks
otherwise he recommends that c)nstitu-
tonal amendment be subm tied that will
COZ fer the DO Te' necessary.
In connection with the trusts he rec-
ommends legislation creating a cabinet Of
ncer. to he Known IS Sec etary of nm
/ with all on .SJionS concern commerce
l&tcr and the merchant marine.
Would Exclude the Chinese.
The message contains a strong recon-
rlendation for Z e reenactment at Jnce
of the present Chinese exclusion act, in
which connection he says:
Wages are higher to-day in the United
States than ever before in our history
and far higher than in any other c0un-
try. The standard of living is also higher
lator and administrator should be bent to
secure the permanencY of this conditi5n
OF things and its Improvement wherever
possible. Not only must our labor he
protected by the tariff, but it should also
be protected so far as it is possible from
borers brought over by contract or of
those who. coming freely, vet represent
| they can underseH our men in the labor
market and drag them to a lower level
n r Ts II as necessary with this end
excluding Chlnese laborerS and to
strengthen 1t wherever necessary in or
fectiVe." ely eA-
He also recommends such legislation. bv
| an amendment to the interstate commerce
law, as will protect the labor of one STATE
from competing with the prison la bor of
| another state, and also that the Govern
ment cease being party to this cornpeti-
ton by not purchasing goods made either
by convict labor or that in which women
and children are caused to work excessive
In the labor unions of the present he sees
much that is good, in which connection he
VERY great good has been and will be
accomplished by associations or unions
forethought and when they combine in
sistence upon their own rights with law
abiding respect for the rights of others.
The display of these qualities in such
bodies is a duty to the nation no less
! than to the associations themselves
| Finally there must also in many cases be
| action by the government in order to
| safeguard the rights ard interests of III
/ OndeT our constitution Ihere is much
| more scope for such action by the state
and the municipality than by the nation
But on points such as those touched on
| above the national government can act
| when all is said and done, The rule of
! brotherhood remains as the Indispensable
| prerequisite to success in the kind of ma
! tional life for which strive. Each
man must. work for himself and unless
he so works no outside help can avail
| him. But each man must remember also
| that he is indeed his brothers keeper
| and that while no man who refuses to
| walk can be carried with advantage TO
! himself or anyone else, yet that each at