The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1902-12-05
PRESIDENTS 5 MESSAGE.
90 the Senate. 3, asa HOUSE Il. 3. ot Representa-

a
bounded prosperity. This prosperity is
not the creature of law, but undoubtedly,
the laws under which we work have been
instrumental in creating the conditions
which made it possible, and by unwise leg
islation it would be easy enough to destroy
1t. There Will undoubtedly be periods Of
depression. The wave will recede, but the
tide will advance, This nation is seated
son "a continent 1lanked by. two great
oceans It as composed of men the de-
scendants of pioneers or, i'll a sense, pio-
neers sthe:nseiXes-of men winnowed out
from among the nations Of tile old world
blythe energy, bc:dness and love of adj
venture found in their own eager hearts.
Such asnat!on sos placed will surely wrest
success li'o;-I fortune. ~ - 50 4
9As q speop4e we have played large part
in the. world, ana We are Dent upon MAX
ing. our ( flle .eyen larger than the past.
In parli iStne events OF llie last four
years have delnlreiy usciusl.l .lnat Tor woe
or for ~ ca ! oel p.aGe s,,dsr De great among
the nations. EEf,ei Iaay either rlll greatly
or succeed greatly, but we cannot avoid
: the end eavc.,s frGlll& which: eIl.Ier great
failure or:great success must come. Even
il we Woulu NC; cannot pay q small part
1T we snould5 try, All i5tnat. Roula foiioW
would be ttlaE1We should play a large part
ignobly anu sslGtnefullS. a - =
: But our people, THE sons OF the men OIL
the civil wuls the sons Of tine men VINO
present and face the future lnGn OF neart
and resoluteS or will. : Ours, IS not the
creed of the 4WealillIig and the coward
1lmpi1ant enGsa sor. We do not shrink
F! from the struggle before us. Ihefe are
many probienis for US to face at .the out-
set, Of the twentieth cantuly-gfaVe prov. ,o,,t
lens abroad i:,C s.: II rs'aEel' ar ho:ae--but
we ,s1IC W-f...t .,>..y.:., -;oz.J t.-et.l, .,l.u
solve them we'll, provided only tnat we
; bring to the solution r.lo GuaI4llt ., nl mead
: and heart which were saoWn Wy t;is men
:. who in theRdays Of Nsl4llngton founded
this. government, and in the days u Lin
coin preserved It. - 81
No country has ever occupied q higher
plane of Aialatcr4al well bang than ours at
the presenr moment. This wei being is
due to no su(,uen o. ucciQenta, causes, but
sto the playSol thes,:e ohonic forces III this
our sustained and continuous policies;
), above all. 10 the high individual average
been won by those who have laAen the
8 lead In this phenomenal industrial usvel-
Aopment :afld most Of these foreunes have
cident to action which has benefited the
. community as whole. Never before has
material well being been s. viz = DIFF
have been aecplnuated. and yet in tie
aggregates, these fortunes ere small in
deed when compared 10 the. wealth Of the
better Oft fsthan they have ever been be-
fore. The insurance companies, which
are practically mutual benefit, societies.
. means-represenu denominations of CAPT
!; tai which are among the largest in this
couhtry. There are more deposits IN the
savings bai.H. more owners Of farms,
more well4paid Wageworkers in this coun-
!. try now than vver, before, in our history.
OF drsa h wh the ef ta fa
good they n&ve,a also favored somewhat
the growth OF what was evil, 1t is emf
cus oat ms sy a bu let s US keep due
sense of proper -!on;s let us not in liking
our gaze. upon the lesser evil forget the
greater: good. The evils are. real, and
Some Of Them are menacing. but they are
the outgrowth not of misery or decadence,
but Of prosp erly. Of the progress Of our
dustrial .deve: op:nent must not be checked,
but side %by side with it should go such
progressive regulation as will diminish
we did not try to<remedy the evils, but we
shall succeed, only If we proceed patient.
ly, with eprac ucHl common sense as well
as resolution, separating the good from
the bad and he ding on to the former
while >endeavo; Ing TO get rid Of the latter.
In my messe ge to the present, congress
at its first session | discussed at length
!: the question Of the, regulation Of those
i big corporations commonly doing an in
n .terstate busin ess, often with some tenden-
I cy& to- monopoly, which are popularity
known as trusts. The experience, Of, the
4 past year has emphaa. sized, i'll my opinion,
4 the desirability of the steps then pro-
posed IA fundamental requisite Of social
I efficiency is high standard OF Individual
Z energy and excellence, but this is in, no
/ wise Inconsistent with power to act in
z comb mbination for aims which cannot SO
I well be achieved by. the individual acting
falone.A fundamental base of civilization
q is the inyiolability Of property; but this is
society eto regulate the exercise Of the
artificial powers which it confers upon the
&oWnerssof property under the name Of cor
Z porate franchises in. such. a way as to
$50 flHne1 Nors-
porations, and. especially combina tions of
Corporations, should be managed under
public regulation. Experience has shown
that under, our system; OF government the
B by state action. It must therefore be
4 achieved by national action. Our aim is
not to do away with corporations. On the
contrary, these big aggregations are an
q inevitable development OF modern indus
stria1isn5, and the effort to destroy them
would 1fbe futile unless accomplished in
ways that would work the utmost mis-
chief To the entire body polite. We can
III do nothing of good in the way Of regulat-
y ing and supervising these corporations
4 are not attacking the corporations, but
!eIdeaYoring to do away with any evil in
81: thern.5sl We are not hostile to them. We
are merely determined that, 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 III, conjuncfi fion with his fellows per-
forms some great industrial feat by which
doer, provided only he works in proper
q and legitimate tie lines. w Vex wish to favor
8sss s,Ici1 "a man when he does well. We wish
3 to supervise and control his actions only
s sto prevent him from doing Ill. Publicity
can do no harm to the honest corporation.
ana we need not be oVertender about
snariT,g the dishonest corporation. N
In esurbing and regulating the combina.