The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1902-12-12
.PR I | SIDE J / ! / ! ! /
IVES SAGE.
COUNTRY Still CONTINUES IN
APERlop OF uNsoUNpED
PRosPERlTY. 4
REGULATION / {. " I Of THE TRUSTS Y {
PRESIDENT URGES coNoREssSTo
d GIVE THE SUSPECT EAR.
NEST ATTENTION.
TARIFF MUST NOT Be DISTURBED

FINANCIAL LEGISLATION ~ HAIR.
MoNY BETWEEN CAPITAL
AND LABOR.
The following is q synopsis of the
presidents message:
To the Senate and House Of Representa-
We still continue in q period Of un-
bounded prosperity. This prosperity is
not the creature Of law, but undoubtedly
ihs ams sadsh In eneans
which made it possible. and by unwiss
legislation It would be easy enough to de-
st1Gy It There viii Tn ind y Is Pc.
cede: but the tide will advance. rms ma
ton 10 seated on q continent nanKea oy
two great oceans. 1t Is composed OF men
sense. pioneers themselves; Of men win
moved out from among the nations OF the
Old World by the energy. holiness and
eager hearts. Such nation. 30 placed.
will surely wrest success from fortune.
AS q people we have played large
part In the world. and we are o eha upon PSa
past. In particular, the events OF the
last four years have definitely decided
that, for woe or for veal, our place must
either fail greatly or succeed greatly:
but we cannot avoid the endeavor from
which either great failure or great sue
cannot cass J play S small f part # we should
try, all that would follow would pc that
we should play large part ignopiy ana
Of course, when the conditions have, IA
vored the growth of so much that was
good, they have also favored somewhat
the growth of what was evil. Il ls EN-
hot MO Al.
v ,sn to cut out this eveil, but let us keep
due sense Of Hoportion; let US not IN
fixing our gaze upon the lesser evil for;
and some Of them menacing. but they are
the outgrowth, not Of misery or oeca-
dence. but of sprosperity-of the progress
of our gigantic industrial developmsehha;
This Industrial development must not PC
checked, but side by side with 1t snouda
60 such progressive regulation as Will a.
minish the evils. We should fail IN our
Evils evils but we shall succeed only il we pro-
sense sens p as we'll as resolution. separating
the good from the bad and holding on
to the former while endeaVorlne 10 get
rid Of the latter
Public Regulation of Trusts.
In my message to the present congress
At it's first session tin "a a. aosa Kin
corporations commonly doing an inter-
state business, often with some tendency
to monopoly. which are popularity known as
has emphasized, in my opinion, the desir-
ability OF the steps then proposed. A
Fundamental requisite Of social efficiency
10 high standard OF 1ndiv,du a v fneF Ky
consistent with power to act IN comDlna-
ton for aims which cannot SO well be
achieved by the individual acting alone:
A fundamental basis of civilization ts the
inviolability Of property;. but this Is IN
no wise inconsistent with the right OF
society to regulate the exercise of the
owners Of property, under the name Of
corporate franchises, In such way as to
prevent the misuse of these powers.
Corporations, and especially comDina,
under public regulation. Experience has
shown that under our system of govern
ment the necessary SUPERVISION cannot De
fore be achieved by national action. Our
aim is not to do away with corporations;
on the contrary, these big aggregations
an nsvtabe de ta OF modern
them would be futile unless accomplished
in ways that would work the utmost mis-
chief to the entire body polite. We can
Ing and supervising these corporations
until we fix clearly in our minds that
we are, not attacking the corporations.
but ,endeavoring to do Q. away away, with any
we are merely determined that they shall
be so handled as to subserve the public
good. We draw the line against mlscon-
who, alone or in conjunction with his
fellows, performs some great industrial
feat by which he wins money Is WELL
doer not e; Wrongdoer, provided only he
wish to favor such man when he does
well. We wish to supervise and control
his actions only to prevent him from do
ing Ill. Publicity can do no harm to
the honest corporation, and we need not
be overtender, about sparing the dishonest
corporation.
lions of capital which are or may become
injurious to the public we must be careful
not to stop the great enterprises which
have legitimately reduced the cost Of pro-
duction. not to abandon the place which
our country has won in the leadership of
the International industrial world. not to
strike down wealth with the result Of
the wage-worker Idle in the streets and
leaving the farmer without aimarket for
what he grows Insistence upon the fn-
possible means delay in achieving the
the stubborn defense alike Of what Is
good and what Is bad In the existing sys-
tenn. the resolute, effort to obstruct any
to the historic truth that wise evolution
10 the sure safeguard agains revolution.
!. No more important subject can come
before the CONGRESS than this Of the reg
try can not afford to sit supine on the
plea that under our peculiar system Of
government we are helpless In the pre-
grapple with them. The power Of the
congress- to regulate interstate commerce
ts an absolute and unqualified grant, and
wthsIt LIN LIMITATIONS Other than these
gress has constitutional authority to
make an laws necessary and proper for
executing this power, and am 3satis-