Mexico weekly ledger., 1902-12-04

TAsy Con ne Controlled OnIy By Ma
ffouml Aef4nn

In my message 10 the present congress
hf Its FIRST session ! discussed AZ length
big corporations commonly doing an In
terstate business, often with some ten
dency 10 monopoly, which are popularity
known as trusts. The experience OF the
past year has emphasized. in my opin-
Ion the deElrability Of the steps ] then
proposed. fundamental requisite OF
Rocial efficiency Is high standard OF
Individual energy and excellencei but
this 10 in no wise inconsistent with pow
er 10 act In combination for aims which
cannot so well be achieved by the indi-
Of civilization is the inviolability OF prop
erty; but this iH In no wise inconsistent
with the right Of society 20 regulate the
onfss fhsA UPON 81 tf e Ah dWhs u Rogss Sses al Il
der the name Of corporate franchises, in
of these powers. Corporations. and espe~
cially comblnati ong OF corporations
should be managed under public regula-
ton. Experience has shown that under our
system OF government the necessary
supervision cEnuot be obtained by state
action II mus Sherefore be achieved by
national action Our aim & not g do
away with corporations; on the contrary.
these big aErregatinns are an inevitable
development OF modern indnstrialisun, and
the effort 70 destroy them would be futile
unless accomplished in ways that would
work the utmost mischief 70 the entire
sody polite We can DO nothing OF good
In the way Of regulating and supervising
our minds that we are not attacking the
corpora tons, but endeavOring to do away
with any evll IN them. We are not hostile
they shall be SO handled as to subserve
the public good. We draw the line
against misconduct. not against wealth
The capitalist who, alone or in con1unc-
ton with his fellows, performs some
great industrial feat by which he wins
money Is a weildoer not & wronBdoer,
provided only he works in proper and
1arFif = faUrr
q man when he does well We wish 10
supervise and control his actions only TO
prevent HIN from 93ing % III Pu5lieity
ton: and we need not be overtsnder
about spsring the dishonest corporation.
Must Exc cise Care.
In curbing and regulating the eombina-
tions OF capital which are or may become
injurious TO the pu' C we must be careful
not 70 stop the great enterprises which
have iegitimately reduced the cost Of pro-
auction, rot % abandon he place Shleh
the International Industrial world. not to
strike Gown wealth with the result Of clos
ing factories a enc mines, .as q !urhlng ne
ing the farmer without q market for what
he growa InslHtene, upon the iuponnble
means eelay a aetit wing the posslele e1-
defense riike OF what il good and what Is
bad n the eEiktinE system. tie TeEolute ef-
Teri % oestreet any sitemps 81 bstterms ~
wise svoluiion Is thetu safeguard against
revolution.
No moro important subject ear come be
fore the congress thar this Of the reEula-
flOn Of Interstate business This country
cannot anOrd 70 ~ supins or the plea that
under our peculiar system uf government
we are helpleFs IN the prtsence Of the new
conditions. arc unable 20 Erapple with them
or 10 cut out whatever OF evil has arisen In
connection with them The power o. the
congress 10 regulate Interstate commerce
Is au abfolute arc unqualified grant. and
without Limitations other than those pre-
Fcribed By the constitution. The congress
has constitutional authority TO make all
laws necessary and proper for executing
this power and ] am satisfied that this
power has not been exhausted by any leg
1HlatiOn now on the statute books. II u
evident. therefore. that evils restrictive Of