The Canton times. (Canton, Miss.) 1893-1906, 1901-12-06

L
1 to the world.
Artificial bodies, such as corporations
and joint stock or other ASSOCIATIONS oe-
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-
| larly at reasonable intervals"
1.-THE large corporations. commonly
called trusts, though organized in one
state. always do business in many states,
often doing very little business In the
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 Inn
possible to get adequate regulation
through state action. Inerefore IN IN. me
should. without interfering with the pow
err of the states in the matter itself. also
assume power Of supervision and regula-
state business. This is especially true
where the corporation derives portion
of its wealth from the existence OF some
business. There would be no hardship in
such supervision. Banks are subject to
1t, and in their case 1t Is now accepted
as a simple matter Of course. Indeed II
is probable that supervision of corpora
lions by the national government need
not go so far as Is now the case with the
supervision exercised over them py SO
conservative a state as Massachusetts in
order to produce excellent results"
The president believes that it Will be
possible to secure the needed remea,es
| for the trust evil under tho constitution
as It now exists, but If congress thinks
otherwise he recommends fhat consutu,
tional amendment be subm TIED tnat VIII
cor fer the DO We, necessary
In connection with the. trusts he rec
ommends legislation creating a cabinet Of
fcer, to be Known as secretary OF ;nm,,
n e. &c, whose d. ties would be, to deal
with all qu .stions concern'ig commerce,
lsker and the merchant marine.
would Exclude the Chinese.
The message contains a strong recom-
rendation for y, reenactment at once
of the present Chinese exclusion act, in
which connection 7 ne says the 1,n,ted
States than ever before in our history
and far higher than in any other coun-
try. The standard Of living Is also higher
later and administrator should be bent to
secure the permanency of this condition
of things and its Improvement wherever
ppposected by the tariff, but It should also
be protected SO far as 1t is possible from
the presence in this country Of any la
borers brought over by contract or Of
a standard of living so depressed that
they can undersell our men In the labor
| market and drag them to lower level.
in view, to reenact Immediately the law
excluding Chinese laborers and to
strengthen it wherever necessary In or
der to make its enforcement entirely eff
fectiye"
He also recommends such legislation, by
an amendment to the interstate commerce
law, as will protect the labor of one state
from competing with the prison labor of
another state, and also that the govern
ment cease being party to this COMPETE
ton by not purchasing goods made either
by convict labor or that in which women
and children are caused to work excessive
hours or at night. ~
He pronounces our present immigration
laws unsatisfactory. In which connection
he says I'VE need every honest and ef-
fcient immigrant fitted to become an
American citizen, every Immigrant who
comes here to stay, who brings here a
purr ose to dc his duty well in every way
and to bring up mis- children as law abiding.
God-fe airing members of the community.
The Tariff.
The president does not desire any change
in the present tariff schedule except where
such may be made in reciprocity treaties,
and recommends the adoption of reciproc-
| ity treaties and the general policy of reci-
| procity as a means of opening the doors Of
| foreign nations to our commerce, In which
| connection he says:
Subject to this proviso of the proper
protection necessary to our industrial
p procit Ssi must It command our hearty sup
port. The phenomenal growth of our
export trade emphasizes the urgency Of
eral policy in dealing with foreign ma
tions. Whatever is merely petty and vex-
| atious in the way. OF trade restrictions
should be avoided The customers to
in the long run directly or indirectly pur-
| chase those surplus products by giving us
something In return. Their ability to pur-
chase our products should as far as pos
sible be secured by SO arranging our tar
if as to enable us to take from them
those products which we can use without
4 IND, ri nd n HI nr
the use of which will be OF marked benefit
to us 49,, :. so.,o,. o.,
policy of reciprocity will be in connection
with those of our productions which no
| longer require all of the support once
| needed to establish them upon sound
| basis, and with those others where either
| because of natural or of economic causes
we are beyond the reach OF successrui
competition.
| reciprocity treaties laid before 1t by my
| predecessor"
The Merchant Marine.
The president pronounces our merchant
| marine 'discreditable to us as nation ana
we overtop in other forms of business"
| and says We SHOULD not longer submit to
conditions under which only a trifing por-
our our own W ships. OF this he says:
ITO remedy this state of things would not
merely serve to build up our shipping in
| tereSIS, Out IL hOutG GIsp ISSult bShcAN
to all who are interested in the perma-
rent establishment Of q wider market for
| American products ard would provide an
! auxiliary force for the ravy.s Ships work
| for their own countries just as railroads
work for their terminal points. Shipping
! lines, If established TO the principal coun,
! tries with which we have dealings, would
| be of political as well as commercial BEN
| eft. From every standpoint 1t is unwise
| for the United States to continue to rely
! upon the ships of compel ng nations for the
| distribution of OIL. goods. It should be
made advantageous to carry American
| goods In American built ships"
| Finances.
| Under this heading the president recon-
| mends such legislation AS will better safe
| guard against the deranging influences OF
| commercial crises and financial panics and
| such as will make the currency of the