Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1902-12-02

gaze upon the lesser evil forget the
greater good. The evils ave real and
some of them are menacin3, but they
are the outgrowth, not Of misery or
recadence, but of prosperity-of The
progress of our gigantic industrial de-
vclopment. This industrial dev.'op
ment must not be checked, but side
by side with it should go such pc
gressive resp.,i on as will liminish the
evils. We should fail in our duty If
W. did not ~ remedy the evils,
but we shall suct eed only il we pro,
ceed PATIENT, Will, practical common
| sense as WI as resolution separa ing
The goo f. Gin Ike bad and roiiing
on to the former while .eAdeavorinc to
get rid OF the latter.
TREATS OF TRUSTS.
In my message to the present con-
gress at it's first session l discussed
at length the question of the regulation
of those big corporations commonly
doing an interstate business, often
with some tendency to monopoly,
which are popularity known as trusts.
The experience of the past year has
emphasized, in my opinion, the desir-
A fundamental requisite Of social eff
cheney is high standard of individual
energy and excellence; but this is in
no wise consistent with power to act
| n n "a inns w
so we'll be achieved by the individual
acting alone A fundamental base Of
civilization is the inviolability Of
property; but this is in no wise incon-
sistent with the right of society to
regulate the exercise of the artificial
powers which it confers upon the own
ers of property under the name Of
corporate franchises, in such a way as
to prevent the misuse of these powers.
Corporations and especially combina-
tions of corporations, should be man
aged under public regulation. Expe-
rience has shown that under our sys-
tenn of government the necessary SUI
pervision cannot be obtained by State
action. Our aim is not to do away
with corporations; on the contrary,
these big aggregations are an inevi-
table development of modern indus
trialism, and the effort to destroy
them would be futile unless accom-
plished in ways that would work the
utmost mischief to the entire body
polite. We can do nothing of good in
the way of regulating and supervising
these corporations until we fix clearly
in our minds that we are not attack
ing the corporations, but endeavoring
to do away with any evil in them. We
are not hostile to them; we are merely
determined that they shall be so hand
led SO as to subserve the public good.
We draw the line against misconduct,
not against wealth. The capitalist who,
alone or in conjunction with his fell
lows, performs some great industrial
feat by which he wins money is we'll
doer not wrong doer. provided only
he works in proper and legitimate
lines. We wish to favor such a man
when he does we'll. We wish to super
wise and control his actions only to
prevent him from doing III Publicity
can do no harm.to the honest. corpora
ton; and we need not be overtender
about sparing the dishonest corpora
tiOn.
CARE IN REGULATION.
In curbing and regulating the COM
binations of capital which are or may
become injurious to the public we
must be careful not to stop the great
enterprises which have legitimately re-
duced the cost of production not to
abandon the place which our country
has won in the leadership of the inter-
national industrial world, not to strike
down wealth with the result Of closing
factories and mines, of turning the
Iwage-w worker idle in the streets and
leaving the farmer without market
for what he grows. Insistence upon
the impossible means delay In achiev-
ing the possible, exactly as, on the
| other hand, the stubborn defense alike
Of what Is good and what Is bad In the
existing system, the resolute effort to
obstruct any attempt at betterment,
betrayS blindness to the historic truth