The Hawaiian gazette., 1902-12-12
PRESIDENTS MESSAGE.

81. tnU ,f ...Ia... .a. bod undoubtedly
Abe inUH uU.. NI..I W. wurh hove I..n
Instrumental iu D. tins tha corl'. lus
thioh INSIDE o. pos. Ie ana ly uutIH. i.s-
Relation Do n..'t le U.ff tn1uFh tH destroy
8. ThHf. v.u undoubtedly be periods %
,nprOesiun. The turc will rorcdc. but the
tide Will advance. THIS nation BE- seated
UH q continent thanked by two great
oceans li is composed % men The de-
tCculants &C pioneers or in sense. pio-
necrs themseitos-of m,n wlnuowod out
from AMONG the nations Of the old world
by the energy holiness ana love OF al.
venture found in their own eager hearts
Such nation So placed viii surely wrcst
success from fortune.
as "a people We have played a large part
IN the world. and We are bent upon max
Ing our future even larger than the past
In particular the events Of the last four
years have definitely decided tnat Tor woe
or for veal our place must be great among
the nations. We may either iail greatly
OF succeed greatly, but We cannot avoid
the endtayor from which either great
failure or great success must come. Even
" We would We cannot play small part
II We should try, all that would follow
would be that We should play a large part
ignobly and shamofuIy.
But our people. the sons Of the men OF
the civil war. the sons of the men VINO
had iron In their blood, rejoice IN lht
present and face the future hlgh OF heart
and resolute OF Will. Ours Is not the
creed of the weaklins and the coward
Vn15b"nt npdeator. we do not shrink
from the struggle before us There are
many problems for Us TO lace AZ 'I'S -, %,
set Of the twentieth century grave PROV
lens abroad and stu graNer al hohe-Dut
we know that We can solve theih' anu
solve them well. provided only INA, Wa
bring to the solution the qualltles OF he'Iu
and heart which were shown by the men
who in the days Of Washington founded
this government ana IN the days OF LIN
coin preserved II.
No country has ever occupied higher
plane OF material well being than ours at
the present moment. This well being ~
due 10 no sudden or accidental causes. but
to the PLAY OF the economic forces IN TINS
country Tor over n century; 20 our laws
our sustained and continuous policies,
above all 10 the high individual average
of our citizenship. Great fortunes have
been won ly those who have taken the
lead in this phenomenal INDUSTRIAL deNe.-
opmcnt. and most OF these fortunes nave
been won not by doing evil. but az an in
community ass whole. Never before has
material wpu being been so widely dit
fused among our people Great fortunes
aggregate these fortunes are small in
deed when compared 10 the wealth OF the
people as a whole The plain people are
better of than they have ever been be
fore. The insurance companies, when
are practically mutual benefit societies
especially helpful 10 men or moderate
mJans-r,pr sent acrumulatiuns OF capt.
tai which are among the largest IN thls
country. There are more deposits IN the
SAVINGS baufs more owners Of farms,
more well paid wageworkers In this coun-
~ c nGT NV" When Inc Conditions have "a
vored the growth OF 30 much that was
good they have also favored somewhat
the growth OIL what was evil 1t Is emf
non;ly necessary that we should endcavOr
10 cut out this evil but let US keep due
sense OF proporuoni let us not IN nNing
our gaze upon the lesser eVil forget the
greater good. The evils are real and
some OF them are menacing. but they are
the outgroWth not OF misery or decadence,
but OF prosperity, OF the progress of our
gigantic Industrial development. This in
drs.rial development must not be checked
but side by side with II should go such
progressive regulation AS Will diminish
the evils. We should fail in our duty II
shall succeed only If we proceed patient
ly. with practical common sense as well
as resolution. separating the good from
the bad and holding on TO the former
while ,ndolyoIing to get rid of the latter.
In my message to the present congress
at its first session | discussed at lgusth
the question Of the regulation Of those
big corporations commonly doing an in
terstate business. often with some tendcn-
cy To nor JpOIy, which are popularity
known as trusts. The experience of the
the d,sirabilify OF the steps ! then pro-
posed 4 fundamental requisite Of social
efficiency Is nigh standard Of individual
energy ana excellence but this Is ia mo-
wise Inconsistent with power to act in
combination for aims which cannot so
well be achieved by the individual acting
alone. iNuinmeNtal base OF ClNlllLatlOn
is the inyiOlability Of property but this is
in HOWisc Inconsistent with the right of
society To regulate the exercise of the
artificial powers which II confers upon the
owners Of property under the name of cor
pOratu franchises In such way as to
prevent the misuse Of these powers Cor
porauOns, and especially combinations OF
corporations, should be managed under
public regulation. Experience has shown
that under our system Of government the
necessary supervision cannot be obtained
by state action, 1t must therefore be
achieved by national action. our aim Is
not TO do away with corporations on the
contrary, these big aggrcgations are an
inevitable development of modern indus
trial!sm, and the effort to destroy them
would be futile unless accomplished In
ways that would work the utmost mis-
chief to the entire body polite We can
do nothing of good in the way Of Tegulat-
ing and supervising these corporations
until We fl. clearly in our minds that we
are rot attacking the corporations. but
endoavoring to do away with any evil in
them We are not hostile to them We
are merely determined that they shall be
so handled as to subserye the public good
We draw the line against misconduct not
against wealth The capitalist who, alone
OF in conjunction with his fellows, per
forms some great industrial feat uy which
he wins money BE- wclduor, not wrong
doer. provided only he works In proper
and legitimate lines. We wish to favor
suCn Il man when he does well We wish
to prevent him from doing in. Publicity
can do no harm to the honest corporation.
and we need not be ovurtoudvr about
spariug the dishonest corporation
In CurhinE ana regulating The COmhiua.
lions of capital which are or may become
injurious TO the public We must De care
iul not to stop the great enterprises which
have leEitimatoly reduced the cost of pro,
ducuon, not 10 abandon the place which
our country has won en- the leadership ut
the international Industrial world uut /,
strike down wealth with the result ul
closing factories and mines, OF turning
the waEcWurker ldl, I'm the streets uut
leaving the farmer without 20 market foI
what he grows. lnsist,ucc upon the i'm
possible me Us delay I'm uChpyup the puF
slhlc exactly as ON the other hand IN,
stubborn defense alike of what is gput
and what IS bad In the existing system
the rDaOlutt effort tu obstruCt any ul
tempt al lsttgrmcut, hCtr1ys blindness q
the histurl. truth that wise evolution Il
the sure safeguard against revolution.
No more important subject can com
before the congress than this ~ the Trgu
lation Of interstate business This couutrl
cannot afford 10 Sit supue on the pie.
that under our peculiar system ~ govern