The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1902-12-05

They Can he Controlled only by Ma
tional Actfon.

In my message 20 the present congress
at its first session | discussed at leng IN
the question Of the regulation of those
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 desirability OF the steps | then
proposed. "A fundamental requisite OF
social efficiency is high standard .-of
individual energy and excellence: but
this Is In no wise Inconsistent with pow
e. 10 act In combination for aims which
cannot 50 well be achieved by the indi-
vidual acting alone. A fundamental ba Sc
OF civilization Is the inviolability OF prop
frty. but this Is In no wise inconsiste Il Z
with tne right Oh society TO regulate the
confers upon the owners Of property. un-
Ger the name OF corporate franchises. in
such way as 70 prevent the misuse
Of these powers. Corpora lions and espe
cially combinations Of corporations
should be managed under public regula
ton. Experience has shown that under our
tystem OF government the necessary
supervision cannot be obtained by state
action II must therefore be achieved by
national action our aim Is not 10 10
away with corpora tons: on the contrary
these big agErega tons are an inevitable
development Of modern industrialism. and
the effort 10 destroy them would be futile
unless accomplished in ways that would
work the utmost mischief 10 the entire
body polite, We can do nothing Of good
Ia the way OF regulating and supervising
these corporations until we fix clearly in
our minds that we are not attacking the
. corporations. but endeavoring - do away
with any evil IN them. We are not hostile
10 them: we are merely determined that
they shall be SO handled as to subserve
the public good. We draw the line
The capitalist who. alone or in conjunc-
ton with his fellows. performs sofne
great industrial feat by which he wins
money Is a weIdoer, not a wrongdoer.
provided only he works In proper and
legitimate lines. We wish 70 favor such
man when he does We'll We wish 70
prevent hin from doing H. Publicity
cen 10 no harm 20 the honest corpora
ton: and we need not be overtender
about sparing the dishonest corporation.
Mast r. xerci~e Care.
In curbirg and regulating the combir a
sions OF capital hich are or may become
g. furious 20 the pubic we must be careful
not to stop the great enterprises which
have iegitimately reduced the cost OF pro-
ruction, not 20 abandon the place which
our country has wos u ths Leadership Of
strike down wealth with the result OF clos
ing factories an6 mines, of turning the
,mx ,hs farmer le Without marks, a for WAT WAT
he grows. inslsterce upon the impossible
means delay A achieving the possible: ex-
Seserse alike q what i good ard What |.
bad n the exlsiif systc m. the rexolute ef.
fort % obs .ruct any attempt a bettermsrt
wise evolution Il the sure safcgua rc agains "
revolution.
No more import ant subject can come be
fore the co1rssts thar this Of the reguia.
cannot arord 10 sit suplne or the plea tina,
under our peculiar system OF governrlc "A
We are helpless III sthe presence OF the new
conditions. and ur able 10 grapple with then
or 10 cut out wtkq feser Of evil has arisen IL
connection Ni,IS them The power of TN.
congress 10 regulate interstate commerce.
~ an bsolute and unqualified grant. a nd
without Limitations other thar those pre-
Fcribed by the constitution. The congre ~
has Constitutional authority to make al.
laws necessary ard proper for executiri
Iris power. and ! am satisfied that thfl
power has not been exha listed bv. any .ies
~viitnt. therefore .tat evils rexfrlct!ve O