The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1902-12-12
Executive Begins 1t With
Prosperity as a Topic.
DEALS WITH SUBJECT OF TRUSTS
N Favor Of National Rather than
State Regulation Would Not
Do Away With Them, but
Would Eliminate the
Evil in Them.
In nus message to Congress presi-
dent Roosevelt has this to say:
THE TEXT OF THE mrssAo.


THE TEXT OF THE MESSAGE
We stu continue in "a period of nm
bounced prosperity. This prosnari,,,
not ths creature of law but nm
}oubtediy the laws under which 1va
YORK nave been instrumental i'm Gro
,ting the conditions which mad :,
possible, and by unwise legislatian -
you'd be easy enough to destroy &,
There VIII undoubtedly be periods at
depression. The wave will recede. hUt
he tide VIII advance. This nation H.
eateo on continent thanked by two
treat oceans. 1t Is composed of mar
he descendants Of pioneers. or in n
,ense, pioneers themselves; of mon
yinnowed out from among the nationa
II the old world by the energy, bold.
hess. and love OF adventure found in
heir own eager hearts. Such a nation
20 placed. will surely wrest success
from fortune.
A. a people we have played a largo
part In the world, and we are bent
upon making our future even larger
than the past. In particular, the
nitely decided that, for woe or for
veal. our place must be great amonp
the nations. We may either fail greatIy
or succeed greatly; but we can not
avoid the endeavor from which either
great failure or great success must
play small part. II we should try,
all that would follow would be that we
}hould play a large part ignobly and
Vshamefully.
But our people. the sons of the men
OF the Civil war, the sons of the r,or
who had iron In their blood, rejoice en-
the present and face the future hirb
OF heart and resolute of will onrs
10 not the creed of the weaklinp ana
the coward; ours Is the gospel of hope
and OF triumphant endeavor we do
not shrink from the struggle before ms
There are many problems for us 70
face at the outset of the twentieth
century-grave problems abroad ana
still graver at home; but we know thar
we can solve them and solve them
wei, provided only that we bring to
the solution the qualities of head and
heart which were shown by the men
who, In the days of Washington,
founded this government, and. In the
days of Lincoln, preserved it.
THE EVIDENCES OF WEALTH..
No country has ever occupIed n
higher plane of material well-being
than ours at the present moment This
well-betng Is due to no sudden or ac-
cidental causes, but to the play of
the economic forces I'm this country
Tor over century; to our laws. orr
sustained and continuous policies:
above all. to the high individual aver.
eso Va Jul citizenship. Great fortunes
have been won by those who have
taken the lead in this phenomenal in
dustriai development and most Of these
fortunes have been won not by doina, |
EVIL but as an incident to action which
has benefited the community as a
whoie' never before has material we'll
being been so widely dffused among |
our people. Great fortunes have been |
accumulated, and yet in the az
eregate these fortunes are small in |
aeed when compared to the wealth of |
the people as whole. The plain peo- |
pie are better off than they have ever |
been before. The insurance compan- |
les which are practically mutual
pNnef1t societies-esDecially heIpfuI RI
zen OF moderate means-represent ac-
sumu'ations OF capital which are
among the largest In this country.
There are more deposits in the saw
mgs banks, more owners Of farms.
more well-paid wage workers in this
country now than ever before in our
history. OF course, when the condi-
lions have favored the growth of SO
puch that was good, they have also
favored somewhat the growth of what
was evil. 1t is eminently necessary
that we should endeavor to cut out this
evil, but let us keep due sense of
proportion: let us not in fixing our
gaze upon the lesser evil forget the
greater good. The evils are real and
some of them are menacing. but they
ere the outgrowth, not Of misery or
decadence. but OF prosperity-of the
progress Of our gigantic industrial de-
velopment. This Industrial Develop
ment must not be checked but side by
Tde with 1t should go such progressive
regulation as win diminish the evils
We should fail In our duty II we did
not try to remedy the evils, but we
snail succeed only II we proceed pa
uently. with practical common sense
xufAn
good from the bad and holding on TO
he former while endeavoring to get
nd Of the latter.
THE REGULATION OF TRUSTS.
In my message to the present Con-
gress at Its 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.
WE experience of the past year has
emphasized In my opinion the desira-
Pility Of the steps then proposed. A
fundamental requisite of social efl-
siency Is high standard of individual
energy and excellence; but this is In
no. wise inconsistent with power to
b combination for aims which can
t % we'll be achieved by the indi-
vidual acting alone A fundamental
base Of civilization is the inviolability
q property; but this is in no wise in
consistent 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 COR
porate franchises, In such a way as
TO prevent the misuse Of these powers.
Corporations, and especially combi-
nations Of corporations, should be man
eped under public regulation. Expe-
fienoe has shown that under our sys-
tom of government the necessary su-
pervlsion cannot be obtained by state
sstion. II must therefore be achieved
BY national action. Our aim is not to
40 away with CORPORATIONS; on the con- ,,
trary, these bio agsre ations are an in.
svitable development Of modern indus
triallsn, and the effort to destroy
Them would be futile unless accom- I
eiished In ways that would work the
utmost mischief to the entire body !
polite. I
We can do nothing of good in the J
way OF regulating and supervising I