Rosebud County news. [volume] (Forsyth, Mont.) 1901-1906, 1901-12-05

great ln0uBtT10l. combinations. which are
popularity, although with technical mac
curacy. known as trusts appeal espe-
cially to hatred and fear. Much
OF the legislation directed at the trusts
would have been exceedingly mischiev-
GUS had it 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
DISQUALIFICATION, according to the
president, is the greatest evil, because Of
its many baneful consequences. and q
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
and 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, it 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-
latlon over all corporations doing an in
terstate business. If the judgment of
congress is that it lacks the constitution
al power to pass an act along these lines,
the president then favOrs the adoption of
cf # al ant ,$arv it1fr
such rights
Inc president recommends the creation
OF ar additional cabinet officer to be
known as secretary of commerce and in
dustries. whose province it would be to
deal with commerce in it's broadcast sense.
The welfare Of the wageworker the
president places next in importance as a
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
ii!st the enactment of the Chinese eXclu-
sion act. which he strongly urges; pro-
lection against imported contract labor;
to render effective the efforts Of states
to do away with competition of 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
iAiiiiS3i etllCH avs una T0COUnGuuS the
adoption OF stringent measures to exclude
anarchists, illiterate persons and persons
or low moral tendency
The tariff next claims the attention Of
the president. On this subject he says:
There is general acquiescence in our
present tariff system as a national policy.
The first requisite to our prosperity is the
continuity and stability of this economic
policy. Nothing could be more unwise
than to disturb the business interests of
the country by any general tariff change
at this time. Our experience in the past
has shown that sweeping revisions in the
tariff are apt to produce conditions close
ly approa ching a panic in the business
world. Yet it i9 not only possible, but
evidently desirable, to combine with the
stability of our economic system a sup
Elementary system of reciprocal benefit
and obligation with other nations. Such
reciprocity is an incident and result Of
the firm establishment and preservation
OF our present economic policy. Reciproc-
ity must be treated as the handmaiden
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 for
SO far as it can safely be done without
injury to our home Industries. Just how
Tar this Is practicable must be de-
ternineo according to the individ-
ual case, remembering always that
every application of our tariff pol
icy to meet our shifting national needs
must be conditioned upon the cardinal
TACT that the duties must never be re-
duced below the point that will cover the
dlHerence between the labor cost here and
abroad. The well being Of the wage
worker is prime consideration of our
entire policy of economic legislation. We
have now reached the point in the devel-
opment of our interests where we are not
only able to supply our own markets, but
to produce a constantly growing surplus
Tor which we must find markets abroad.
TO secure these markets we can utilize
existing duties in any case where they
are no longer needed for the purpose of
protection, or in any case where the ar
tlcle is not produced here and the duty
10 no longer necessary for revenue as
giving us something to offer in exchange
for what we ask.
The condition of the American mer-
chant marine is such as to call for i'm
medlate action by congress. The presi-
dent says it should be made advantageous
TO carry American goods in American
nullt ships. The disadvantages under
which American shipping is placed when
put in competition with the shipping
of foreign countries is pointed out and
congress is asked to pass remedial legis-
latiOn.
In discussing the country's finances the
president says That the passage of the
law making gold the standard money has
Nbeen shown to be timely and iudicious
Changes In the national banking law are
urged. The collections from duties on i'm
ports and internal taxes continue to eN-
coed the ordinary expenditures of the
government, thanks mainly to the re-
duced army expenditures, and the presi-
dent suggests that means be adopted to
bring the revenues more nearly within
tn limit of our actual needs. Strict econ
omy in expenditures is specially urged
upon congress.
The president strongly recommends that