Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1901-12-06
rue PRESIDENTS MESSAGE.

Mchlnley anu DISCUSSES MI He iW-
porlant questions before he Aneri-
can people. He is Immensely pleased
with tie great prosperity OF b
country and says il Is not true that
Is the rich have grown richer b
poor nave grown poorer. lie favors
he reclamation OF the arid lane {, b
Nicaragua canal, the construction of
, cable 70 the Philippines 10y way Of
hawaii, the u~pbuiIding Of the navy.
the enforcement OF the Civil Service
law at 10 ne aud in NJ insular pos
-ezsiOns and makes the following
plea for a subsidy to the rich ship
owners OF the country:
AT present American shipping is
under certain great Disadvantages
when put in competition with the
shipping d foreign countries Many
Of the fast foreign steamships, at II
speed OF fourteen knots or above, are
subsidized; and al our ships, sailing
vessels and steamers alike arg CARR
er5 OF slow speed and mail carriers Of
high speed, have TO meet ;he fact that
the original cost of building American
ships Is greater han is he cas- a.
broad; that the wages paid American
officers aud seameu are very much
higher than those paid the officers
and seamen q: foreign competing
countries; aud hat the standard of liv-
ug on our ships is far supe ior To the
standard OF living on tue ships OF our
~commerciti rivals. Our government
should take such action as will
remedy these inequalities. The
Ar.-i'ln merchant mariue should
be -.st 4 20 the ocean
lie iavors The immediate re.eusct-
ment OF tie Chinese Exclusion law.
90 strengthened that its enfor cement
will be entirely effective, and the
amendment Of the Immigration laws
- as to exclude absolutely all kno an
believers III a~narchistic principle
md all per.ons Of a low mord
'enieucy or OF %unsavory reputation
He says nothing could be more IN
vi e than - disturb the business .
tercsts "t the country by any general
tariff changes at this time. lie be-
licves i'll recIprucit, and Ed! g it must
be treated as the hand.naiden uf
protection. fIe calls the attention of
the Senate to the reciprocity Treaties
laid before II by his predecessor.
That part Of the message devoted
to the trust question does not appear
to be as strenuous rs the dispatches
have indicated. The only method
the President suggests for curbiug
the power of the trusts is publicity.
What he says ON this question will be
found below:
There Is a yidspread conviction IL
the minds Of the American people
thHt the great corporations known rs
trusts are III certain Of their features
aud tendencies hurtful to the general
welfare.
IL is basel upon sincere conviction
that combination and concentration
should be. not prohibited. but super
vlsed and within reasonable hmits
controlled ana III my judgment this
conviction - right.
1t If no limitation upon property
rights or freedom OF contract to re-.
quire that when men receive from
government the privilege of dong
business under corporate form
when frees them from individual
responsibility, and enables them to
of the public, they seek to uo SO upon
absolutely truthful representations
as to the value Of the property IL
which the capital is to be invested.
Corporations engaged i'll interstate
commerce should he regulated il
they are fnnrd to exercise a license
WORK ng To the public injury. 1t
srUuld be as much the aim Of those
who seek for social bcttermcnt to rid
the business world Of crimes OF vio
lence. Great corporations exist only
because they are created and safe.
guarded 10y our instit utlou"; and 1t il
therefore our right and our duty to
see that they work in harmony with
these institutions.
Tho first essential i'll determining
bow to deal with the great irdustrial
combinations is knowledge Of the
facts. In the interest Of the public.
the government should have the
right to inspect and examine tie
workiugs Of the great corporations
engaged IN interstate business
Publicity il the only sure rcmedy
which we 70 now invoke. What
further iemcdiua are needed III the
way ni gu%er nmuutul regulation, or
taxation. can only he determined
after publicity has been obtained. by
process " law, aud III the coursc OF
administration. The first requisite
~ knowledge, full and complete
knowledge which may DO made pub.
lie TO The world.
Artificial bodice. such IA corpora
items and joint stock or other asso.
Citations, depending upon any statu-
tory law for their existence or priv
lcgca. should no subject to proper
governmental supervision, and full
aud accurate infor nation M to their
operations should DO made public