The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-12-07

inevitably e~ndangers the interests of all.
The fundamental rule in our national life,
the rule which underlies all others, is that
on the whole and in the long run we shall
go up or down together. There are excep-
tons, and in times of prosperity some Will
prosper far more and in times of ADVERSE
" some Will suffer far more than others;
put, speaking generally, a period of good
times means that all share more or less
IN them, and in a period of hard times all
teel the stress to a greater or less degree. y
lie points to the fact that in the past
the lgnorant or reckless agitator has
evils which he has been nominally oppos-
ing In dealing with business interests
Tor 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
tlonal disaster that 1t would be prefer
able to undertake nothing at all. The
men who demand the impossible or the
undesirable serve as the allies of the
forces. with which they are nominally at
war, for they hamper those who would
endeaVor to md out in rational fashion
what the WRONGS really are and to what
extent and in what manner it is prac-
ticaole 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
chlet is over capitalization, because OK
its many baleful consequences He says:
nIhe conviction OF the American people
that the great corporations, kaown as
trusts. are in certain of their features and
tendencies hurtful to the general welfare,
Is based upon sincere conviction that com
olnation and. concentration should be not
PROMPTED, but supervised. and. within
reasonable limits controlled. and in my
judgment this conviction is right"
As, a remedy for these evils he says:
The first essential in determining how
to deal with the great industrial COM
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
remedy which We can now invoke. What
further remedies are needed in the way
OF governmental regulation or taxation
can only be determined after publicity
has been obtained by process Of law and
IN the course of administration. The first
requisite Is knowledge, full and complete
-knowledge which may be made public
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
tull and accurate Information as to their
operations should be made public regu-
larly at reasonable intervals"
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
&'@ 8'go 'iNhAs anu as llO SLdle mas
any exclusive. interest in or power over
their acts 1t has in practice proved i'm
possible to get adequate regulation
through state action. Therefore in the
interest Of the whole people the nation
should, without interfering with the pow
or of the states in the matter itself, also
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 its
business. There would be no hardship in
such supervision. Banks are subject to
II, and in. their case it is now accepted
as a simple matter of course. Indeed il
is probable that supervision of corpora
tions by the national government need
supervision exercised over them by so
conservative a 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 II now exists, but II congress thinks
otherwise he recommends that a c)nstittl-
ttonal amendment be subm tied that will
COZ fer the DO We necessary.
In connection with the trusts he rec
ommends- legislation creating a cabinet Of
nCti, TO ne Known IS secretary of ,ori-
II e.ce, whose d. ties wouil be to deal
with all on stions concern g
lstor and the merchant maine.
Would Exclude the Chinese.
The message contains a strong rec)m.
lutllIdllOH lOT L. Z Teendctment at lnCf
of the present Chinese exclusion act 4,
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 coun,
try. The standard of living is also higher
than ever before. Every effort of ISgis.
lator and administrator should be bent t.
secure the p~ermanency of his condltior
OF things and its Improvement wherever
possible, Not only must our labor b,
protected by the tariff, but 1t should also
be protected So far c n tS narufII1 -.
the presence in this country Of any Ia.
borers brought over by contract or o.
those n coming freely, yet represent
they can undersell our men in the labo,
market and drag them to a lower level
regard It as necessary, with this enc
In view, to reenact Immediately the Lax
excluding Chinese laborers and I,
strengthen 1t wherever necessary in or
der TO make its enforcement entirely Of
He also recommends such legislation. h,
an amendment to the interstate commerc,
law, as will protect the labor of one stat,
from competing with the prison labor q
another state, and also that the govern
ment cease being a party TO this competi
ton by not purchasing goods made eithe
by convict labor or that in which womel
and children are caused to work excessivl
hours or at night.
In the labor unions Of the present he see
much hat is good, In which connection h
says:
VERY great good has been and will h
accomplished by associations or union
of wageworkers when managed will
f%orethought 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 sue
bodies is a duty to the nation no les
than to the associations themselves
Finally there must also in many cases b
action by the government in order (,
safeguard the rights ard interests of ali
Under our constitution there is mucl
more scope for such action by the stat
and the municipality thar by the nation
But on points such as those touched OF
above the national government can act.
when all is said and done. the rule 0
brotherhood remains as the indispensable
prerequisite to success IN the kind OF ma
tional life for which we strive. Eacl
man must work for himself, and unles
he so works no outside help can avail
him. But each man must remember ais,
that he is indeed his brothers. keeper
and thai while no man who refuses 4
walk can be carried with advantage T.
himself or anyone else. yet that each a
times stumbles or h~lts, that each a