The pioneer press. (Miller, Hand County, S.D.) 1893-190?, 1901-12-12
Taking up the question Of trusts the

CuTdCy, hHoWH as appear eSDe- |
cially to hatred and fear. Much |
OF the legislation directed at the trusts |
would have been exceedingly mschiev- /
Gus had 1t not been entirely ineffective. |
In accordance with a well-known So
Geological law the ignorant or reckless |
agitator has been the really effective |
friend of the evils which he has been |
nominally opposing
Overcapftalization, according to the |
president. Is the greatest evil, because OF
its many baneful consequences, and a |
resolute and practical effort must be
made to correct these evils.
Great corporations exist only because
they are created and safeguarded by our
institutions. and 1t is therefore our right
asld our duty TO see that they work in
harmony. with those institutions.
The president says that publicity is the
only sure remedy we can now invoke.
What further remedies are needed in the
way of governmental regulation or tax
alton can only be determined after pub
licity has been obtained by process Of law
and in the course of administration. The
government, he thinks, should be given
the right to inspect the workings, OF the
great corporations engaged in interstate
business.
owing to the lack of uniformity in
state laws, 1t has been Impossible TO get
adequate regulation through state con-
troll President Roosevelt thinks that In
the interest OF the whole people the ma
ton should without interfering with the
power of the states in the matter itself,
! assume power of supervision and regu-
lation over all corporations doing an IN
terstate business. If the judgment or
congress is that it lacks the constitution
al power to pass an act along these lines,
the president then favors the adoption Oh
constitutional amendment comforting
such rights.
The president recommends the creation
of an additional cabinet officer TO be
known as secretary of commerce and In
dustries. whose province 1t would be TO
deal with commerce in its broadest sense.
The welfare OF the wageworker the
president places next in importance as
matter OF public concern to that OF the
farmer. The president discusses various
matters of vital Importance in this con-
nection. Among his recommendations for
legislation in behalf of labor he places
first the enactment of the Chinese exclu-
sion act, which he strongly urges; pro-
lection against imported contract TABOR;
20 render effective the efforts OF states
to do away with competition or convict
contract labor in the open market; Wig
orous enforcement of the eight-hour law
on government work.
The president points out defects in our
| immigration laws, and recommends the
adoption of stringent measures to exclude
| anarchists, llIlterate persons anu pefSoho
| or low moral tendency.
The tariff next claims the Afternoon OF
| the president. On this subject he says:
| There is general acquiescence in our
| present tariff system as a national pohcy.
| The first requisite to our prosperity is the
/ continuity and stability of this economic
! policy. Nothing could be more unwise
1 than 10 disturb the business interests or
| the country by any general tariff change
! at this time Our experience in the past
! has shown that sweeping revisicns III me
tariff are apt to produce conditions close
| ~ approaching a panic liz the business
! world. , Yet il is not only possible, but
evidently desirable, to combine with the
! stability of our economic system a sup
1 pie...entary system of reciprocal beneit
| and obligation with other nations. Sucn
! reciprocity Is an incident and result. ol
the firm establishment and preservation
| of our present economic policy. Reclproc'
ity must be treated as the handmaider
| of protection. Our first duty is TO see
that the protection granted by the tariff
in every case where 1t Is needed Is main
tanned, and that reciprocity be sought FOL
so far as 1t can safely be done without
injury to our home industries Just how
far this Is practicable must be de-
termined according to the ndivid'
ual case, remembering always tha
every application of our tariff pol
icy to meet our shifting national needs
| must be conditioned upon the cardina
fact that the duties must never be re
duced below the point that viii cover tn
difference between the labor cost here an
abroad. The well being of the wage
| worker il a prime consideration or on
entire policy OF economic legislation. w
have now reached the point In the devel
opment of our interests where we are no
only able to supply our own markets, bu
,, to produce constantly growing surplu
! for which we must find markets abroad
To secure these markets we can utiiiz
existing duties in any case where the
! are no longer needed for the purpose @
protection. or In any case where the ar
. tIcle is not produced here and the dut
,, is no longer necessary for revenue, a
giving us something to offer in exchang
for what we ask.
chant marine is such as to call for i'm
: mediate action by congress. The presi
dent says 1t should be made advantageou
to carry American goods in American
built ships The disadvantages undo
which American shipping is placed whe
put in competition with the shippin
/ of foreign countries Is pointed out an
= congress is asked to pass remedial legis
. lation.
a In discussing the country's finances tn
: president says that the passage OF tn
. law making gold the standard money ha
: been shown to be timely and judiciou.
. Changes in the national banking law ar
? urged. The collections from duties on irr
, ports and internal taxes continue to eS
coed the ordinary expenditures of IN
: government, thanks mainly to the r.
= quced army expenditures, and the pre-
!. dent suggests that means be adopted I
= bring the revenues more nearly withi
: tn limit Of our actual needs. Strict ecoi
:, omy in expenditures is specially urge
. upon congress
= The president strongly recommends tn;
, changes be made in the Interstate con
!, merce law looking to the prevention
= discrimination in railroad rates.
= The question OF forestry comes In II
= generous share of the presidents a
= tention, and he makes suggestions II
:. and nrntaciinn of fore!