The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1902-09-23
DON'T Hit TRUSTS
THRO THE TARIFF
This Remedy Won't Work,
Says Mr.. Roosevelt.
IFTUS HAVE MORE SANITY
LET us HAVE MORE SANITY
The Chief Executive Favors a Con
stitutional Amendment.
STATES MUST COMBINE, He DECLARES
And the Easiest Way, Thinks the President, for
Them 10 do This is by Action Through
the National Govern
ment.
(By the Associated Press.)

By the Associated Press.)
Cincinnati, O., Sept. 2O.-"RoOseVelt
Day" at the Cincinnati Fall Festival
broke all records of attendance at these
! annual carnicals. The weather was
threatening when the President arrived
and during the indoor receptions of the
morning, but exceptionally pleasant for
the afternoon and evening Gemonstra-
! tions. President Roosevelt was the at
traction as we'll as the guest of honor,
| and he served his hosts with untiring
Willingness continuously from 10 a. m.
until 10 D.. m, without consulting his
own convenience or comfort. The Pres
ident was kept on his feet and busy for
! more than twelve hours, with the eXcep-
ton of the time at the noon luncheon
! and the evening banquet. Among his
i~ndulgences of the day was an hour or
more in the afternoon spent in sight-see-
ing at the Fall Festival. After this eX-
perience he was escorted into the audi
! torium of Music Hall and delivered an
address to an Immense audience with
more than 1000 business men and man
ufacturers seated on the stage with him.
The Presidents address was of local APP
plication. He was interrupted by en-
thusiastic demonstrations when he re-
ferred to the late President Mckinley.
The crowd in the buildings and grounds
of the festival tonight was like those of
the afternoon. The President was greet
ed with loud cheering as his carriage APP
preached the entrance, and when he was
| escorted into the auditorium the demon
s~tration continued for some time. After
being welcomed officially by Mayor Julis
Fleishmann and introduced, he was
orcptad with Sl1ch a demonstration that
the bands broke in to secure order. At
ter thanking Mayor Fleishmann and the
officers Of the Festival for their courte-
sizes and the audience for it's hearty
treating, the President especially re-
Quested attention, as he proposed as the
chief executive OF all the people without
regard to party, to make an argument
on a serious question. Silence then pre-
vailed until the first mention of the
trusts, when the applause broke out and
continued at frequent intervals. When
he was speaking about holding corpora
tions to the same responsibility as in
dividuals, he was interrupted by a de-
monstration of approval. There was
another marked demonstration when he
advocated such a constitutional amend
ment as woul give national control of
such corporations as had outgroWn the
! jurisdiction Of State.
THE PRESIDENTS SPEECH.
The President said in part:
I'm dealing with the big corporations
we intend to proceed not by revolution
but by evolution. We wish to face the
facts, declining to have our vision blinded
either by the folly of those who say
there are no evils, or by the more dan
gerous folly Of those who either see or
ms La halipva that thew 500 nntlinC hut
evil in all the existing system and who
if given their way would destroy the evil
by the simple process of bringing ruin
and disaster to the entire country. The
evils attendant upon Over-capitallZatiOn
alone are in my Judgment sufficient to
warrant a far closer supervision and con-
troll than now exists over the great cor
pOrationS. Wherever a substantial M
nopoly can be shown to exist we should
certainly try our utmost to devise an
expedient by which it can be controlled.
Doubtless some of the evils existing in,
or because of the great corporations can
not be cured by any Legislation which
has yet been proposed and doubtless 9TH
ers, which have really been incident to
the sudden development in the forma-
ton of corporations of all kinds, Will
in the end cure themselves. But others
will remain that can be cured if we only
set about curing then, with sanity. Cor
porations that are handled honestly and
fairly so far from being an evil, are a
natural business evolution and make for
the general prosperity Of our land. We
do not wish to destroy corporations. We
wish to make them subserve the public
good. The savings banks show what can
be done in the way of genuinely bene-
fcent work by large corporations when
.-4o
vised. They now hold over twentw-six
hundred millions of the peoples money
and pay annually about one hundred mil
lions of interest or profit to their de-
positors. There is no talk of danger from
these corporations: yet they possess
great power, holding over three times the
amount of our present national debt
1 The chief reason for there being no talk
, of danger from them is that they are
. on the whole faithfully administered fol
the benefit of all, under wise laws which
require frequent and full publication Of
= their condition., and which prescribe GER
= tain regulations with which they nave tt
n comply while at the same. time. givins
, full scope for the best enterprise o.
their managers within these limits.
Now, of course. savings banks are
q not as highly specialized as a class O.
f corporations as railroads and we cannor
force far the analogy with the Other
4 corporations. but there are certain con
q dltions which l think We can lay dowr
as Indispensable TO the proper treatmen
!, Of all corporations which from their size
: have become important factors in tn,
social development of the community.
Before speaking, however. of whal
can be done by way of remedy, let N,
say a word or two as to certain PROPOSED
remedies. which in my judgment would
e be ineffective or mischievOus.
#. hi TARIFF AND TRUSTS.
: "a remedy much advocated at the mo
ment is to take off the tariff from al