The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1902-12-02
PRESIDENT MESSAGE.

To the senate ahp ip-"- ti t1Fi'Hfh'"-
tives
! we stu continue in a period ~ un-
bounded prosperity. This prosperity is
not the creature ~ law. bIt undoubtedly
the laws under which wa work have been
snstrumcntal 81 cre8tng the conditions
which made u possible. and b. uuWiae leg
saiatlon "a would hc easy enough to destroy
A. There will undoubtedly boz periods of
depression. The wave VIII recede. but the
aide Will advance. This nation On seated
on a continent nankc1 ~ two great
oceans. II ia c0mpOlc1 % men the de-
scendants of plonccr1 or. in a sense. pio-
Beers theuaelyes-of men winnowed out
from among the nations u the old world
by the energy. Doidneas and love ~ ad-
venture found in their own eager hearts
Such a nation 20 placed VIII surely wrcHt
success from Fortune
A. people We have played large part
in the world. and We are bent upon max
ing our future even larger than the past
IN particular the events o. tne last four
years have definitely decided that for woe
or for veal our place must be great among
abe nations ~ e may either iall Ereaug
Or succeed greatly. but We cannot avoid
The endeaVgr from which either great
failure or great sueccff must come. avon
~ We wOuid We cunuot play small part
~ We should uy. ah mat wy4id ioiIoM.
would Be that We anplld play "a iafhe FtiA
Aguobly nud shumeflly.
. But our people. the sons ~ the men oi
abe civil war the sons " the men who
Saa iron Ill tlelr Diood rejoice lu the
s.ses,,,, 80 aud 80. ias future high Of heart
nuo rete.ufe ~ will ours la not the
af,re H. ne ronpa of hope and of ira
nmphant onasaso4 We DO n9t hhr.nh
frorn the struggle before uH Ihefe arc
Snanv problems Tor uB 90 ftce az the olt-
80 "a IN. tw4rflpth century grave prob
lsma abroad aud sfili Erastr az home-plt
we know that ~e can aplse thtt, ullu
roive them veil. provided uuly that We
Rim, fo ne f9iutl6u the qualities Of head
and heart which were shown " the men
who ln the days q Wafllngton fplnacn
khls government anu lu Toe days of LIN
coin preserved g.
! No country has ever occupied higher
plane Of material wei being than ours AZ
fhe present moment THIS well being "
due 10 no sudden or accidental causes, but
10 the play Of the economic forces ~ thlh
country Tor over a century, 20 OUT t1,Ns.
our sustained ana continuous polel.ss
above nli. 10 The high individual average
of our citizenship. Great fortunes have
been won by those who have taken the
lead In this phenomenal Industrial devel-
opment. and most ~ these fortunes have
been wen not by doing eva, but az an IN
community aa a whole Never before has
material well bclrE been 70 widely dif-
have becn accumulated and yet ln the
Hrgregate these fortunes are small In
deed when compared 20 the wealth of the
better on than they have ever been be
fore. The Insurance compaulea, Whicn
are practically mutual benefit noclcucg-
especially helpful 90 men OF moderate
meaua-rcpreaCu accumulatious ot cap-
tai which are among me larEtft W tnlh
savings banks. more owners Of farms,
more well paid wugeworkcrH ln this cuuu-
Try now than ever before ln our history
OF course when the conditions have ia-
vored the growth OF NO much that wa.
good they have also favored somewhat
the growth Of what was evil II i9 emil
nently necessary that we should cndcavor
40 cut out this evil. but let uH keep que
sense " proportion; let us not ln nNinns
greater good. The evils are real. and
some of them are menuclng. but they are
the outktYhth iiol ~ i,itt.ets te @ ~ ~, ~ ts
gigantic Industrial development This In
duBtriai development must not be checked
but side by side with u should 30 such
progressive regulation as VIII diminish
The evils. We should fail In our duty lt
we did not try 20 remedy the evils. but we
shall succeed only n We proceed patient
ly. with practical common sense as wen
as resolution. separating the good from
while endeavoring 10 get rid Of Inc latter.
In my message 10 the present congress
at It's first session / discussed nt length
the question of the regulation OF those
hig corporations commonly doing an In
terstRte business, often with some tendcn-
cy 60 monopoly, which are popularly
known as trusts. fhe experience OF the
past year has emphasized, In my opinion.
dhe desirubillty OF the steps ! then pro-
posed A fundamental requisite OF social
efficiency IN high standard OF individual
wise Inconsistent with power 10 net In
combination FOR aims which cannot 90
well be achieved by the individual acting
alone. A Fundamental bnae OF civilization
On the inviolability OF property; but this II
IN nowise inconsistent with the right OF
society 10 regulate the exercise OF the
artificial powers which II confers upon the
owners OF property under the name OF cor
porate franchises I'm such n way as u
prevent the misuse OF these powers Cor
pOrationH. and especially combinations OF
corporations should be managed under
public regulation. Experience has shown
fhat under our system OF government the
necessary supervision cannot be obtained
by state action. IL must therefore be
achieved by national action. Our aim u
not To do away with corporations on IN,
contrary, these big aggregations are an
Inevitable development OF modern Indus
frialism and the effort 90 destroy then
would be futile unless accomplished "
ways that would work the utmost mis-
CHIEF to the entire body polite. We car
90 nothing OF good In tho way OF regulat
sng and supervising these corporation'
until we fix clearly In our minds that w'
are not attacking the corporations, but
ehdcavoring to do away with any cVil N
them We are not hostile 10 them W.
are merely determined that they shall b.
so handled ne to aubservo the public good
We draw the line against misconduct no
against wealth The capitalist who, alon'
or In conjunction with his fellows per
forms some great Industrial feat by which
doer provided only he works I'm propo
and legitimate lines. We wish TO favo
such "A man when he does well, We wisl
20 supervise and control his actions onl,
90 prevent him from doing ~ Publicity
can do no harm TO the honest corporation
and we need not be overtender abou
Bparing the dishonest corporation
In curbng and regulating tho combina
tions OF capital which are or may become
injurious 60 the public we must bG care
ful not 20 stop the great enterprises whicl
have lcgitimately reduced the cost OF pro
auction. not 20 abandon the place whicl
our country has won In the leadership o
tho international Industrial world, not &
strike down wealth with the result o
closing factories and mines, OF turnlnl
the wageworker idle In the streets AM
leaving tho farmer without a market 10
what ho grows. lnsistence upon the i'm
possible means delay IN achieving the pos
nihle exactly as. on the other hand, IN
stubborn defense alike OF what Is Eoo'
and what IN bad IN the existing system
the reHolute effort TO ohstruct any nt
tempt at bottermont, betrays blindness 1
the historic truth that wise evolution !
the sure safeguard against revolution.