Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1902-12-05


covering the condition of the country and it,
relations with the outside world. The fol
lowing is a digest Of the message:
tives:
We still continue in a period of unbou ID
ed prosperity, This prosperity is not the
creature of law, but undoubtedly the laws
under which work have been instrumental
IN creating the conditions which made it pos
sibe, and by unwise legislation it would be
easy enough to destroy it, The wave will
recede; but the tide will advance. This ma
ton IS seated on continent fanked by two
great oceans It is composed of men the
descendants Of pioneers. or, in sense.
pioneers themselves of winnowed out
from among the nations of the old world nv
the energy, boldness, and love of adventure
found IN their own eager hearts, Such
nation, so placed, will surely wrest success
from fortune.
:, The president then pays high tribute to
the American people, whom, he says, have
played great part in the world. and will
play greater. We may either fail greatly
or OF succeed greatly; but we can not avoid
the endeavor from which either great failure
or great success come. Even if we
would, we can not play small part If we
shouid Try, an that would follow would be
that we should play large part ignobly and
shamefully.
But our people, the sons of the men of
had iron in their blood rejoice in the pres
ent and face the future high of heart and
resolute of will. Ours is not the creed of
INC HcdhliIlB ana coward, the
pei OF hope and of triumphant endeavor. We
do not shrink from the struggle before us
There are many problems for us to face at
the outset of the twentieth century-prave
problems abroad and still graver at home:
but we know that can solve them and
solve them we'll
THE TRUST QUESTION.
In handling the trust question the presi-
dent says:
In my message to the present congress at
its first session / discussed at length the
question OF the regulation of those big cor
'porations common doing an interstate bust /
ness, often with some tendency to monopoly, |
which are popularity known as trusts. The |
experience of the past year has emphasized |
IN my opinion, the desirability of the steps |
j then proposed
Corporations, and especially combinations |
OF corporations, should be managed under |
public regulation. Experience has shown that
under system of government the neces.
sary supervision cannot be obtained by state
action 1t must therefore be achieved by ma
with corporations; on the contrary, these big
nggregations are inevitable development of
modern industrialism, and the effort to de-
stroy them would be futile unless accom- |
plished in ways that would work utmost mis-
chief to the entire body polite. We can do
nothing of good in the way of regulating and
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
fostile to them; we are merely determined that
they shall be so handled to subserve the
public good. We draw the line against mis-
conduct, not against wealth.
In curbng and regulating the combinations ,
OF capital which are may become injurious
to the public we must be careful not to stop
the great enterprises which have legitimately
reduced the cost of production, not to aban- |
don the place which country has won c
in the leadership of the international indus ]
trial world, not to strike down wealth with t
the result of closing factories and mines, of 7
turning the wage worker idle In the streets T
and leaving the farmer without market for i
what s:t; he grows Insistence upon, the imPos S
exactly as, on the other hand, the stubborn
defense alike of what good and what is
bad in the existing system, the resolute effort n
trays blindness to the historic truth that wise o
EVOLUTION is the sure safeguard against revo-
luton. II
INTERSTATE COMMERCE. D
I believe that monopoles, unjust discrimi- h
nations, which prevent cripple competition. a
overcapitalization, and other evils e
n trust organizations and practices which in !,
uriously affect interstate trade can be pre- d
rented under the power of the congress to II
regulate commerce with foreign nations and e
mong the several states through regulations II
md requirements operating directly upon such q
commerce, the nstrumentalities thereof, and p
hose engaged therein. q
L earnestly recommend this subject to the W
of the congress with a view to M
he passage of law reasonable in its pro- as
isions and effective in its operations, upon q
Which the questions can be finally adjudicated 70
hat now raise doubts to the necessity of ID
amendment.
REDUCTION OF TARIFF
Stability of economic policy must always be ar
he prime economic need of this country This III
liability should not be fosszation The coun- | IN
Ty has acquiesced in the wisdom of the pro- IN
ective tariff principle. 1t is exceedingly un- sh
r that there should be violent and radical ST
hanges therein. 1t is most earnestly to be II
ished that we could treat the tariff from the pa
andpoint solely of business needs. IS
RECIPROCITY TREATIES. vi
One way in which the readjustment (of the rie
riff sought can be reached is by reciprocity wi
eaties. 1t is greatly to be desired that such ac
Gates may be adopted. Whenever the tariff in.
ot with advantage be made by the applica-
on of the reciprocity idea. then it can be
ade outright by lowering of duties on a ,
ven product OF
MONETARY SYSTEM. o or'
1t would be both nwise and unnecessary pc,
this time to attempt to reconstruct our
lancial system, but some additional legisla-
IN is. ! think. desirable. All future legis
ton the subject should be with the view rec
encouraging the of such instrumental tina
es as will automatically supply every legit- far
ate demand of productive industries and mo
commerce. no
IMMIGRATION the
1 again call your attention the need of , ,i'
ssing proper immigration law. .gs
LABOR AND CAPITAL. rim
How to secure fair treatment alike for la etn
r and capital, how to hold in check the un- by
rupulous man, whether employer or en- hit
,yee. without weakening individual initia- tioi
e. without hanpering and craTnpine the in ! try
strial development of the country. Is
oblem fraught with great difficulties and sen
E which it is of the highest Importance to ity
We on lines of sanity and farsighted com whs
n sense as well as OF devotion to the right ten
This is an era OF federation and combina- den
n. Exactly as business find they must
en- work through corporations, and it
constant tendency of these corporations 7
grow larger, so it is often necessary for its
oring men to work in declarations, and bect
Sc have become important factors OF mod cha
industrial life. Both kinds of federation, plar
rtalstic and labor, can do much good and rest
a necessary corollary they both do evil. to
position to each kind of organization should and