The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-12-03

when their wrath is once kindled It burns
like a consuming fame.
Bounteous Prosperity.
Passing on to the commercial position
Of the United States among the nations,
the President said:
During the Iastfve years business con-
fdence has been restored. and the cation
is to be congratulated because of its pres
ent aboUnding prosperity Such prosper
ity can never be created by law alone, al
though 1t is easy enough to destroy it by
nischievous laws # the hand of the
Lord is heavy upon any country, if food
or drought comes. human wisdom is pow
erIess 10 avert the calamity
Fundamentally the welfare OF each citi-
zen. and therefore the welfare Of the ag-
gregate of citizens which makes the na-
tion, must rest upon individual thrift and
energy, resolution and intelligence. Moth
ing can take the place of this individual
capacity; but wise legislation and honest
and intelligent administration can give it
the fullest scope. the largest opportunity
to work to good effect
Industry in the Twentieth Century
.eThe tremendous and highly complex in
dustriaI development which went on with
ever accelerated rapIdIty during the lat
ter half Of the nineteenth century brings
Us face to face, at the beginning Of the
twentieth. with very serious social PROB
lens. The old laws, Ind the old Gus
toms which had almost The binding force
OF law. were once quite sufficient to regu-
| late the accumulation and distribution of
wealth. Since the industrial changes
/ which have SO enormously increased the
productive power Of mankind they are no
! longer sufficient.
The Rich Man and the Poor.
'eThe creation Of great corporate for
i tunes has not been dueto the tariff, nor to
any other governmental action, but to
/ natural causes in the business world, op-
/ Grating in other countries as they op-
/ crate in our own.
s'The process has aroused much antag-
/ enism. great part Of which is wholly
! without warrant 1t is not true that as
/ the rich have grownricher the poor have
I grown poorer. On the contrary, never
before has the average man, the wage
WcEhsaF- IAiS L<Al me- AlAS o.AASLAA Il eSGSA
been SO we'll of as in this country and al
the present time
There have been abuses connected viii
the accumulation of wealth; yet it re-
mains true that fortune accumulated II
legitimate business can be accumulated BY
the person specially benefited only OF
condition Of conferring immense incident
al benefits upon others. Successful en-
terprIse, of the type which benefits al
mankind, can only exist if the condition.
are such as to offer great prizes as tn
rewards of success.
The Trusts.
"The mechanism Of modern business
so delicate that extreme care must b
taken not TO interfere with it in spiri
Of rashness or ignorance. Many of thos
who have made 1t their vocation to de
bounce the great industrial combination
which are popularity, although with tech
nicaI inaceuracy, known as trusts, ap
peal especially to hatred and fear
''Tn facing new industrial conditions, tn
whole history OF the world shows tha
| legislation viii generally be both ungis
and ineffective unless undertaken afte
calm enquiry and with sober seif-re
straint. Much of the legislation directe
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