The Washburn leader. [volume] (Washburn, McLean County, N.D.) 1890-1986, 1902-12-06
PRESIDENTS
- n MESSAGE
COUNTRY STILL CONTINUES IN
J APERIoD OF uNsoUNDED
PROSPERITY. .
REGULATION OF the TRUSTS
PRESIDENT URGES CONGRESS TO
GIVE THE SUBJECT EAR.
NEST ATTENTION.
TARIFF MUST NOT BE DISTURBED
FINANCIAL LEGISLATION - HAIR.
6kz MoNY BETWEEN CAPITAL
IS9 AND LABOR.
TARIFF MUST NOT BE DISTURBED
the Senate and House Of Representa-

10. the Senate and House OF Representa-
tives:
We still continue in a period Of I'M
not the creature OF law. but undoubtedly
the laws under which we work have been
instrumental in creating the conditions
stroy it. There will undoubtedly b. PEE
riods Of depression. The wave will re-
cede; but the tiue will advance. This ma
two great oceans. 1t Is composed OF men
the descendants of pioneers, or, in q
moved out from among the nations of the
Old World by the energy, holiness and
love Of adventure found In their own
: ear: eager r, hearts are! Such chap a nation ton; 80 placed
7 AS a people we have played q large
part In the world, and we are bent upon
making our future even larger than the
last four years have definitely decided
that, for woe or for veal, our place must
be great among the nations, We ma
butswe cannot avoid the endeavor from
which either great failure or great sue
cess must come. Even If we would, we
try, all that would follow would be that
We should play a large part ignobly and
Jul pSOplC, l1c SOllS VI luS ulcA vi
tie Civil war, the sons of the men who
Had iron in their blood. rejoice in the
present and face the future high Of heart
creed Of the weakling and the coward;
plant endeavor. We do not shrink from
problems for us to face at the outset Of
h twentieth ~century-grave problems
abroad and still graver at home; but we
khem we'll. nr0Vi1p1 nn1V that we hiring
to the solution the qualities of head and
heart which were shown by the men who.
N sov the days Of an Wa Is Ing 9nv1 founded %q 4iac this
preserved it.
No country has ever occupied a higher
plane Of material well-beins h ours at
due to.no sudden or accidental causes,
but y the play Of the economic forces in
this country for ever a century; to our
cles; above all. to the high individual
average of our citizenship. Great fortunes
have been won by those who have K
Yelopment. n most Of these fortunes
have been won not by doing evil. but as
an incident to action which has benefited
the community as q whole. Never before
SSHSused' among our people. Great FOR.
tunesghave been accumulated, and yet
A the aggregate these fortunes are SINAI!
indeed when compared to the Wealtn %
are better of than they have ever been
before. The insurance companies. when
are practically mutual benefit socletiesC
especially helpful to men of moderate
means-represent accumulations OF capl-
tai which are among the largest IN
this country. There are more deposits IN
more weli-patd wageworkers in this coun-
try now than ever before IT. oar hlstoly;
OF course. when the conditions nave Ia
yored the growth of SO l::"cG tlat Mas
lSe growth Of what was evil. It is m
inentiy necessary that. we shculu endea-
.vor to cut out this eveil. but let us keep q
due sense of proportion; les US ev noi fora
nain he = greater good. The evils are real
and some Of them menacing, but they are
the outgrowth, not Of misery OF nrorress
Of our gigantic industrial development ~
This Industrial development must NOT 1S
checked but sid by side with II s snou ~.
n G;nish the evils. We should fail IN our
duty III we did not try, to remedy .nN
eviis. but we shall succeed only II we PRO.
sssa p at Msli' as wi lqeso R1asa,s"i sepsratiss
The good from the bad and holoihs e u1
* the former while endeavoring 10 get
rid Of the latter. ., TRUSTS. !
Tn nv message to the present consIesSs
at tia iirst session I discussed at ieng gin
the question Of the regulation Oh . III ,n+ or
corporations coAatno1.y. .nma tendency
sea 11aeononoiy. Which are popularity known a.
trusts: Ths experience r mS eo of n tne P eas dsss sa.
has emphashiz size Items IN my then proposed. A
s e11,di.y requisite Of social efficiency
10 = high standard Of Individual energy
and excellence; but ms Is ~ y, ~ comIbina-
ccnAls sori inns which cannot 80 we'll be
schteyed by the individual acting alo rs:
Tcfdudamental basis Of civ,lizati SHs a. !. IN IN
,nv'9 %ise Inconsistent Win the right OF Of
society to regulate the exercise OF t ~
artificial powers which It con tsc u upuM 'o of
eosytt the misuse Of these powers.
d%orporation&s and 9'nla. e sbesld Se managed managed
s saOh public regulation. Experience has
SHOWN that under our system OF goveE ~
mnent the necessary SUPERVISION cahnps ~
ebtained at BY staie b sc national action %ssa Our
I'm I'm IN not to do away with corporation;
on the contrary. these big a~sgre eganaonn
RS y, i%nsy1sae and oe the EFFORT to destroy
them would be futile unless accomplished
n ways that would work the utmost mn.
chief to the entire BODY polite ~ =, r we Gan
sns and supervising these corperatiSn.
Intil we Ak clearly in our minds taas
We are not ATTACHING ia g. the a9a Sorp %ith any;
n e1S II, en them We are not hostile to them;
+ - * are merely determined. that they shall
40 handled as to subserve the pubic
good. We draw the line against misc0n-
dSlct. not against wealth. The capitaiiss
no. aione or in conjunction with hi.
fellows. performs some great industrial
Feat by. which he wins money is q wei.
works in proper and legitimate lines we
Wish to favor such q. man Wnen ne uOeS
well. We wish to supervise and control
IN actions only to prevent him from 90
! inI iii. Publicity can do no harm 70
fhe honest cory alton, and we neso NC!
ne Toyertender about sparlng the dishonest
corporation.
IN curbing and regulating the combina-
II 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 leadershiptO f
the international industrial world, not to
strike down wealth with the result Of
closing factories and mines, Of turning
the wage-workcr idle in the streets and
leaving the farmer without a market for
what he grows. Insistence upon h Inn
possible means delay in achieving the
p0Ssible, exactly az. on the other and
81 III stubborn defenae alike OF what y
and WHAT Is bad In the existtng ssyD-
ssssssn the rcsabltA Mort 70 sahlfrslct ssAy