The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-12-04
.RO0SEV[[T's MESSAGE
Continued From First page.

crime. and the law should insure their
rigorous punishment. They and those
like them should be Kept out OF TINS
be promptly deported to the country
whence they came, and far reaching pro-
vision should be made for the punishment
of those who stay. No matter calls more
urgently for the wisest thought of the
congress.
The federal courts should be given
jurisdiction over any man who kills or
attempts to kill the president or any
man who by the constitution or by law
is in line of succession for the presidency,
while the punishment for an unsuccessful
attempt should be proportioned to the
enormfty of the offense against our insti-
tutionS.
Anarchy is a crime against the whole
human race, and all mankind should band
against the anarchist. His crime should
be made an offense against the law of ma
TONS like piracy and that form of man
stealing known as the slave trade, for it
is fer blacker infamy than either. 1T
should be SO declared by treaties among
give to the federal government the power
of dealing with the crime
BUSINESS CONDITIONS.
During the last five years business con-
fdence has been restored and the nation
is TO be congratulated because of its
present abounding prosperity Such pros
perity can never be created by law alone,
/, although it is easy enough to destroy 1t
by mischievous laws. If the hand of the
Lord is heavy upon any country, II Hood
or drought comes, human wisdom is pow
erjeSS to avert the calamity. moreover,
no law can guard against the conse-
quences of our own folly. The men who
are idle or credulous, the men who seek
gains not by genuine work with head or
hand. but by gambling IN any form, are
always a source of menace not only to
themselves, but to others. If the bust
ness world loses its head, it loses what
legislation cannot supply. Fundamental
ly the welfare of each citizen and there
fore the welfare of the aggregate of cit
liens which makes the nation must rest
upon individual thrift and energy, resolu-
ton and intelligence Nothing can take
the place Of this individual capacity. but
wise legislation and honest and inteltgf MT
administration can give it the fullest
scope. the largest opportunity to work
to good effect.
The tremendous and highly complex
industrial development which went on
with ever accelerated rapidity during the
latter half of the nineteenth century
brings us face to face at the beginning
of the twentieth with very serious social
problems. The old laws and the old Gus
toms which had almost the binding force
of law were once quite sufficient to reg
ulate 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 growth of the cities has gone on
beyond comparison faster than the
growth of the country, and the upbuild-
Ing of the great Industrial centers mas
meant a startling increase not merely
In the aggregate of wealth, but in the
number of very. large individual and eS-
pecially of very large corporate fortunes.
The creation of these great corporate
fortunes has not been due to the tariff
nor TO any other governmental action,
but to the natural causes in the business
world nnPratinV in OF her countries az
they operate in our own.
The process has aroused much antago-
nisnl, a great part of which is wholly
without warrant. 1t is not true that as
grown poorer. On the contrary, never be-
fore has the average man, the wage
worker, the farmer, the small trader
been so we'll off as in this country and
at the present time. There have been
abuses connected with the accumulation
of wealth, yet it remains true that for
tune accumulated in legitimate business
can be accumulated by the person spe-
cially benefited only on condition of con-
ferring immense incidental benefits upon
others. Successful enterprise of the type
which benefits all mankind can only exist
Of the conditions are such. as to offer
great. prizes as the rewards of success
REASONS FOR CAUTION.
The captains Of industry who have driv-
en- the railway systems across this CONT
nent who have built up our commerce,
who have developed our manufactures,
have on the whole done great good to our
people Without them the material deVel-
opment of which We are SO justly proud
could never have taken place. Moreover,
We Should recognize the immense impor-
lance to- this material development of
leaving as unhampered as is compatible
3 with the public good the strong and
forceful men upon whom the success
of business operatg inevitably rests.
The slightest study o. business conditions
will icfx Ia of a
Judgment that the personal equation Is
the most important factor in a business
operation; that the business ability OF
the man at the head of any business con-
Germ, Big or little, is usually the factor
which fixes the gulf between striking
i success and hopeless failure.
An additional reason for caution IS
dealing with corporations is to be found
in the international commercial condi-
tons of today. The same business condi-
tons which have produced the great ag-
gregations of corporate and individual
- wealth have made them very potent
factors in international commercial COM
petition. Business concerns which have
the largest means at their disposal and
are managed by the abieSt men are nat
urally those which take the lead in the
strife for commercial supremacy among
the nations of the world. America has
only Just begun to assume that com
. business world which we believe will
more and more be hers. 1t is of the ut
most Importance that this position b.
not jeoparded, especially at time wher
the overlooking abundance of our owr
natural resources and the skill, business
energy and mechanical aptitude of oul
people make foreign markets essential
Under such conditions it would be mos
unwise to cramp or to fetter the youthful
strength of our nation.
EVILS OF OYERCAPITALIZAT
There is a widespread conviction in thu
minds of the American people that tn,
great corporations known as trusts ar
in certain of their features and tenden
cies hurtful to the general welfare. This
springs from no spirit Of envy or I'm
charitableness nor lack of pride in Thu
= great industrial achievements that hav,
placed this country at the head of TIL,
nations struggling for commercial SUI
premacy. 1t does not rest upon lacl
of intelligent appreciation OF the neces
sity of meeting changing and changed
conditions of trade with new methods
nor upon ignorance of the fact that com
bination of capital in the effort to ac
complish great things is necessary whel
the worlds progress demands that grea
things be done. 1t is based upon sincere
conviction that combination and concen
tration should be not prohibited, bu
supervised and within reasonable limit
controlled, and in my judgment thi
conviction is right.
It Is no limitation upon property right
or freedom of contract to require tina
when men receive from government tn
privilege of doing business under corpo
rate form which frees them from ind1vid
ual responsibility and enables them I
call into their enterprises the capital c
the public they shall do so upon abse
lutely truthful representations as to til
value of the property in which the cap
tai is to be invested. Corporations engag
ed in interstate commerce should be reg
ulated il they are found to exercise i
cense working to the public injury.
should be as much the aim of those WI
seek for social betterment to rid the bus
ness world of crimes of cunning as to ri
the entire body polite of crimes of vic
Ience. Great corporations exist only be
cause they are created and safeguarde
by our institutions, and it is therefor