The Red Cloud chief., 1902-12-05
PRESIDENTS MESSAGE.

prevent him from doing Ill. PUBLICITY
can do no harm to the zones corpora
ton: and we need not be overtender
about spariNg the dishonest corpora
ton.
In curbing and regulating the COM
biz atoms of capital which are or may
become injurious to the public we must
bn careful not to stop the great enter
priscs which have legitimately re-
duced the cost OF production. not to
abandon the place which u country
has won in the leadership OF the In
terrational Industrial world, not to
strike down wealth with the result OF
closing factories and mines. OF turn
ing the wage-worker idle In the streets
and leaving the farmer without IL mar
kot for what he grows. 1nsistence upon
tho impossible means delay In achiev-
ing the possible. exactly as. on the
other hand. the stubborn defense alike
OF what IL good and what IL bad I'm
the existing system. the resolute CT
fort to obstruct any attempt at better
ment, betrays blindness to the historic
TIT that wise evolution IL the sure
safeguard against revolution.
INTERSTATE COMMERCE.
No more important subject can
come before the Congress than this OF
the regulation OF interstate business.
This country can not AFFORD to sit
supine on the plea that under u pc
culiar system OF government we are
helpless in the presence of new condi-
tons. and unable to grapple with them
or to cut out whatever or evil mas
arisen I'm connection with them.
The power Of Congress to regulate
interstate commerce is an absolute ana
unqualified grant, and without 'imita-
tons other than those preser,bed by
constitutional authority TO- make all
laws necessary and proper for execut.
iro this power, and ! am satisfied that
this power has not been exhausted by
any legislation now on the statute
books. Il 10 evident therefore hat
evils restrictive Of commercial tree
dom and entailing restraint upon ma
tionai fall within the reg.
uIative power OF Congress-, and that Q
wise and reasonable law would be Q
necessary and proper exercise OF con.
srcssionai authority to the that
ouch evils should be eradicated.
believe that ~monopolies, unjust
determinations. which prevent or Grip
pie competition. fraudulent overcapi-
talization, and other evils In trust or
caniZations and practices when III
jur.ously AFFECT interstate trade can DE
prevented under the power of Con
eress to regulate commerce with Tor
eign nations and anon the several
states' through regulations ana re-
uuirements operating directly upof
such ommerce the instrumentalities
thereof. II those engaged therein;
earnestly recommend this subJec'
to the consideration of the Congress
with "A view to the passage of n law
reasonable In its provisions ana ei'
fcrtive in its operations, upon WhiCi
the questions can be finally auJuui'
Gated that now raise doubts as 10 tn'
necessity OF constitutional ainehoment
IL II prove impossible to accomplish
the purposes above set Ior'n py SUI
a law, then, assuredly, we shouiu no
shrink from tne col'sl,.u.io,
so as TO secure beyond perau'eh'ur'
Inc power sou.ht' ..r.oror.
Inc congress- nas y. ~ hot
made any a~pproprhaiio" LOT ~ ynru
ter enforcement OF u WV, 80 .a, , 49,
as II o stailns. 10y os ,,stico ir
zone oS me ue.an,m.en. >" this law
securils 'ne e"'on -. an,a 10 CON.
pu' I,uon aoa " srac,oI n~nnropria
E..s' ~. m,,rnose IN he expende,
um' ,ha dirartion Of the attcrneN
umu.
s'"''"
TRUSTS AND TARIFF
One proposition advocated has beer
tho reduction of the tariff IA "A mean
NJ reaching the evils of the trust'
which fan within the category I have
described. Not merely would this b.
wholly ineffective. but the diversion o
| MIR pffDrtG IN 3ltn "A ullttilD11 Woui'
mean me abandonment of all intelligen
attempt to do away with these evils
MANY of the largest corporations, man!
OF those which should certainly be in
c,udcd I'm any proper scheme of rcSu
lst,on. would not be affected In tn
slightest degree by a charge Ia tn
teriN, save as such change Interfere,
with the general prosperity Of tn
country. The only relation of the tar
IN IN h,p corporations AZ 4 whole Il
that the tariff makes manufacture,
nrof1 n HE. and the tariff rcm,dy pro
nosed would he I'm effect simply 20 max,
nanufactures Improbable. 10 .emov
he tarir as a punitive measure di
racted AGAINST trusts would irevitabr
rea,,It in ruin To the weaker compel
tors WIN are struggling against thcu
our ain, sborld No not by Inwise tarit
changes 70 rive foreign products tn
ntaue over domestic %roducts blu
hv nron@r re,,,,tion tn give domesti
comnati,Ion - fair chance: and thi
ana cannnt I've reached nv any tarit
chanoa. y,nich us,,,ld affect unfay ora
hh,w iii domestic competitors good an,
had alike. rThe question OF rcgulatio
90 ,he tr,sts stands an,rt from IN
"