Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1902-10-02

n y ~
The Courier believes that in the in
terest OF it's subscribers political edu-
cation it should reprint the essential
portion of President Roosevelts great
speech at Cincinnati on the tariff.
trusts and remedies for illegal comb1-
nations. With this end in view the
Courier invites it's readers careful at
tention to the following utterances by
the nations fearless executive:
To-day wish to speak TO you on the
subject or group of subjects which
we mean when we talk of the trusts.
The word is used very loosely and al
most always with technical inaccuracy.
But the average man, when he speaks
of trusts, means vaguely all of the
big corporations. the growth of which
has been so signal a feature of our
modern times, and especially those
big corporations which, though organ;
lied in one state, do business in sever
al states, and some of which have
tendency to monopoly.
This whole subject of the trusts is
of vital concern to us, because it pre-
sents one, and perhaps the most con-
spicuous. of the many problems forced
upon our attention by the tremendous
industrial development which has TAX.
en- place during the last half century
in all civilized countries and notably
in our own
Industrial Conditions Changed.
MANY factors have concurred in
bringing about the changed conditions.
OF these steam and electricity are the
chief. The extraordinary change in the
methods of transportation of merchan-
disc and transmission of intelligence
has rendered not only possible but in
evitable the immense increase in the
rate of growth of industrial centers-
that is, of great cities. Hence has re.
suited the specialization of industries,
and the unexampled opportunities of.
fered for the employment of huge
amounts of capital, and therefore for
| the rise in bushes of those master
minds through whom alone is possible
for such vast sums of capital to be EN-
| ployed with profit
| Must Accept New Situation.
Now, it matters little whether or
not we like these new conditions, the
creation of these new opportunities
| Ahohy eAdiIiI dueiltiSo Which " Cl Z
developed in the older, simpler, less
progressive life have to some degree
atrophied under the conditions of oul
rather feverish, high pressure, com
pick, and specialized life of today
But our likes and dislikes have lit
| tie to do with the matter. The new
conditions are here. They have pro
duced both good and evil. We cannot
| get rid of them-even if it were MOI
undesirable to get rid of them-ant
our instant duty is to try to accommo
/ date our social, economic, and legisla
tive life to them, and to frame a sys
tenn of law and conduct under which
we shall get out of them the utmos
possible benefit and the least amount
\ of harm.
Debt Due Leaders of Progress.
at is foolish to pride ourselves OF
our marvellous progress and prospect
ty, upon our commanding position il
the international world, and at tn,
same time have nothing but denuncia
ton for the men to whose, command
ing business ability we in part ow
this very progress and prosperity, thi
commanding position.
changes take place, no matter hoy
much good there may be to them, Their
is sure to be some evil; and it usual
takes mankind number of years an
a good deal of experimenting befor
they find the right ways in which, S
far as possible, to control the new evi
without at the Same time nullifyin
the new good In these circumstance
| Al. - no al
to a standstill is always futile, an
generally mischievous, but it is poss
BILE somewhat to develop them arigh
Law Can Stay Development.
'Law can to degree guide, protec
and control industrial development
lbut it can never cause it. or play NOR
, THAN a subordinate part in its health
+ development-unf it is cas-
enough by bad laws to bring it to a
: almost complete stop.
2 1.-THE homely smile of what can b
done with great river is far from il
accurate. The lower Mississippi fe
) tilizes a great country and also {
times ravages it by floods. To attemI
to dam ii in order to stop these fiood
e would be futile, and, even if not fulfil
r would be harmful. But it is entirel
possible to build a system Of levees
which these floods shall be largely CO
trolled.
0 "The levees take time and troub
n to make and to keep in order, and the
= do not by any means avert all mis-
chief. Yet they do accomplish muc
/ good The only way in which
build them or to exercise control ov'
the current is by thoroughly examinil
s. into the facts in the first place, an
n in the second place by proceeding
spirit of combined sanity and resi-
J. luton, avoiding above all things evel
form of hysteria, panic, and blir
rage, and not expecting the impossib
II either in time or achievement.
Danger from Bad Advisers.
incidentally it is also necessary
beware of the type of excellel
n person who insists that floods
good and not harm; and that in al
event, the effort to control them W
doubles somewhat interfere with t
water supply and damage to the M
t. sissippi river.
'In dealing with the big corporatio
s.~I1 - Il ~ l. -