The Jennings daily record., 1902-12-02
PRESIDENTS MESSAGE.
TO the Senate and House Of Represents


We still continue in a period OF un-
bounded prosperity This prosperity 10
not the creature Of law. but undoubtedly
tkc laws under which we work have been
Instrumental III crea ting the conditions
which made It possible. and by unwise Leg
i.!ot.on it would be easy enough to destroy
it. There will undoubtedly be periods OF
Oppression. The wave will recede, but the
tide VA advance. This nation is seated
c:l continent Ganked by two great
ocecns. 1t is composed of men the de-
cceiilaia.s OF pioneers or, in q sense. pto-
necr3 ue-iselves-of men winnowed out
ccol among the nations of the old world
by the energy, boidness and love of ad-
venture found In their own eager hearts.
Such nation SO placed will surely wrest
success from fortune.
AS people we have played a large part
in the world. and we are bent upon max
ing cur future even larger than the past.
In particular the events of the last four
years have definitely decided that for woe
or Tor veal our place must be great among
the nations. we may either TAIL greatly
or succeed greatly. but we cannot avoid !
failure or great success must come Even
If we would we cannot play small part.
If we shou.u try, all that would follow
ignobly and Shamefuily.
But our people, the sons of the men OF
had iron in their blood. rejoice IN the
present and face the future nigh OF heart
and resolute Of Wll, ond U%1s ths rs Coward; o
ours is the gospel of hope and of trl-
,,mphant endeavor. We do not .,sosn snr,nn INK
many problems for US to face at the ont-
set of the twentieth century-gIaVe prov.
lens abroad and still graver at nom homepu amd
solve them we'll. provided only that we
bring to the solution the qualities of head
enc emo ieati in the days days of Washington founded
this government and in the days of Lin
coin preserved it.
plane of material well being than ours at
the present moment This well being Is
to the play OF the economic forces in this
country for over a century; to our laws
ebove enc ali. to the high Individual average
OF our citizenship. Great fortunes nave
been won by those who u;at have taken 5a,a1e ahe
opnlent. and most of these fortunes nave
been won not by doing evil, but a,an ah an IN In
Community as whole. Never before has
material well being been SO widely .as+,dd. dif.
have have been acculnulated and yet in the
aggregate these fortunes are smal! in
when 70 hg pam penpe Gi are
| better Off than they have ever been DPS ne
fore. The Insurance c1ompainies; 1i soo,syias Whlch
especially helpful 10 men of moderate
means-represent accommodations OF cap-
country There are more deposits IN IN r,t1s the
| savings banks, more owners OF larms.
We'll PAID sfore n m our History
| OF course when the conditions nave IA
vored the growth Of SO S,. mucn mat WAS
the growth Of what was evil; 1t It's is ae em,r NIL
sense of proporion, let US not 1t IN ttS,ns ,hs
Epeatesf soge Of ihem 6ooa are M enacns but they
the outgrowth not of misery or decadence
but OF prosperty o. the regfesr rhs hi in
guStrja gganjtf development tn must not be Checked
but side by side with it should 20 such ,',,,
Phesryisa'e he eys We shou!a fail in our duty if
we did not try to remedy the evils. but we
~, with practical common sense as well
as resolution. separating the good IRON.
W6e {he a endanvoring a % to- get rid of the latter
In my message to the present congress
at it's first session / discussed at length
big corporations commonly doing an in
: terstate business. often with some tendon
; cy to monopoly, which are popularity
known as trusts The experience Of the
J past year has .cmpha sized. in my opinion.
the dcsirahility of the steps | then pro-
posed. a Fundamental requisite of socia
. efficiency is high standard OF Individual
energy and excellence. but this is IN no
wise Inconsistent with power TO act N
: combination for aims which cannot sc
well be achieved by the Individual acting
: alone a f;,nda mental base of civiliZatlor
! is the inviol2 hiity of property; but tnls Is
in novise inconsistent with the rlGnt o1
| society, to regulate the exercise of the
artificial powers; which it confers upon the
owners Of property under the name OF cor
porate franchises in such a way as Il
I prevent the misuse of these powers. Cor
pora tions and especially combina tons o.
| coruora tiorS, should be managed under
public regulation. Experience has shown
that under our system of government TN
/ necessary supervision cannot be obtained
Of Iction 1t must therefore D
achieved by national action. Our aim Il
t not to do away with corporations On IN
!, contrary. these big asgrega tions are al
Il inevitable development of modern indus
i trialisn. and the effort to destroy ther
would be futile unless accomplished II
ways that would work the utmost ms
chief to the entire body polite. We cal
do nothing of coed in the way of reguat
q ing and supervising these corporation
until we fix clearly in our minds that :"
;. are rot attacking the corporations, bu
, endcavorin:, to do away with any evil i
70 them We are not hostile to them. W
are merely determined that they shall
so handled to subserve the public goot
We draw the line against misconduct, nc
', against wealth. The capitalist who, alon
~ or in conjunction with his fellows, PEI
forms some great industrial feat by whic
he wins money is welldoer not wrong
docr. provided only he works in prope
" and legitimate lines. We wish to fave
Z such a man when he does well. We wis
to supervise and control his actions onl
to prevent him from doing Ill. Publct
can do no harm to the honest corporation
q and we need not be overtender abo,
sparing the dishonest corporation.
In curbing and regulating the coHbins
tions of capital which are or may becon
injurious to the public we must be carr
full not to stop the great enterprises whc
have legitir3ately reduced the cost of pr
duction not to abandon the place whic
our country has won in the leadership
the International industrial world not
strike down wealth with the result
closing factories and mines of turnr
the wageworker idle in the streets ar
leaving the farmer without Il market f.
what he grows. Insistcnce upon the In
possible means delay in achieving the PC, :,
Eible exactly as the other hand, Il
stubborn defense alike of what is GOO