Evening journal., 1901-12-03
PRESIDENTS
MESSAGE
lcontlnued From Flrst Pagel.

course Of administration. The first
requisite is knowledge. full and com.
lete-knowledge which may be made
public to the world
Artificial bodies. such as corporations
and joint stock or other associations,
depending upon any statutory law for
their existence or privileges should be
subject to proper governmental super
vision. and full and accurate informa-
ton as TO their operations should be
made public regularly at reasonable
intervals
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 lncorpo-
rated. There Is utter lack of uniform
ity IN the state laws about them. and,
as no state has any exclusive interest
In or power over their acts, it has in
practice proved impossible to get ade-
quate regulation through state action.
Therefore, In the interest of the whole
people. the nation should, without In
terferlng with the power Of the states
IN the lINlltl llatAAs ulnW ANnAAAAN IiANNA
Of supervision ana regulation over all
corporations doing an interstate busi-
ness.
Amend Constitution 81 Necessary.
When the constitution was adopted,
at the end OF the eighteenth century.
no human wisdom could foretell the
sweeping changes. alike IN Industrial
stsll n
take place by the beginning Of the
twentieth century At that time It
was accepted as n matter Of course
that the several states were the proper
authorities TO regulate, so far as was
then necessary, the comparatively In
significant and strictly localized cor
.porate bodies Of the day. The condi-
tions are now wholly different. and
wholly different action is called for.
/ believe that-a law can he framed
which win enable the national govern.
ment TO exercise control along the lines
above Indicated, prodtlng by the expe-
rience gained through the passage and
administration Of the interstate COM
merce act. IL. however the judgment
OF the congress Is that It lacks the con-
stitutlonal power TO pass such an act,
then constitutional amendment
should be submitted to confer the
power.
There should be created a cabinet Of
fcer. to be known as secretary OF
commerce and Industries. as provided
in the bin introduced at the last SEES
sion of the congress. Il should be hi.
province to deal with commerce in itl
broadest sense. including among many
other things whatever concerns labor
and all matters affecting the great
business corporations and our mer
chant marine.
Labor.
The president declares that he re-
CARDS II necessary 10 re-enaet the Chi
nese exclusion law. In regard to labor
he says that the government should
provide IN It's contracts that all worl
should be done under "falr" condition.
and that all night work should be for
hidden for women and children as wei
as excessive overtime. He continues:
Very great good has been and will b,
accomplished by associations or unionl
of wageworkers when managed with
forethought and when they combine in
slstence upon their own rights will
law abiding respect for the rights O
others. The display OF these qualities
in such bodies is a duty to the natloI
no less than TO the associations them
selves. Finally, there must also n
many cases be action by the govern
ment in order TO safeguard the right
and interests OF all. Under our constl
tuition there Is much more scope 70
such action by the state and the muniC
ipality than by the nation But ol
points such as those touched on abov
the national government can act.
He asserts that the immigration law
are unsatisfactory and that n laN
should be enacted to keep out not onl
anarchists, but persons Of a low mora
tendency or Of unsavory reputaho
and those who are below a certai
standard Of economic fitness 20 entC
our Industrial field as competitors wit
American labor.
The Tnrif and Reciprocity.
The president declares that nothln
could be more unWiSe than TO dlstuf
the business interests OF the country d
any general tarln change at this tim
He adds
Yet II Is not only possible. but en-
nently desirable. TO combine with a
stability OF our economic system a su
Elementary system Of reciprocal ben
III and obligation with other nation
Such reciprocity is an Incident and 7
suit OF the firm establishment m
preservation OF our present econom
policy. II was specially provided :
IN the present tariff law.
Reciprocity must be treated MS (
handmaiden OF protection. Our hI
duty Is to see that the protection graz
ed by the tariff In every case where
IS needed is maintained. and that re
procity be sought for so far MS It C
safely be done without injury TO G
home industries. Just how far this
must be determined according TO
individual case. remembering alws
that every application Of our tariff 1
A. -