Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-12-03

everyone because it can be used by
everyone. This immense coinage of
silver is helping to make times better,
helping to relieve the money market in
New York City which for the past few
months has been none too good.
PRESIDENTS MESSAGE.
no the Senate and House of Representa-
tives:
We still continue in a period of un-
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 1t possible. and by unwise leg
islation 1t would be easy enough to destroy
It. There will undoubtedly be periods of
depression The wave will recede. but the
tide will advance. This nation 10 seated
on continent flanked by two great
oceans. 1t is composed of men the de-
ecendants OF pioneers or. in sense, pio-
peers themselves-of men winnowed out
from among the nations of the old world
by the energy, boldness and love of adj
venture found in their own eager hearts.
Such q nation SO placed will surely wrest
success from fortune.
AS people we have played large part
IN the world. and we are bent upon maxi
ing our future even larger than the past.
In particular the events of the last four
years have definitely decided that for woe
pr for veal our place must be great among
the nations. We may either fail greatly
Or succeed greatly, but we cannot avoid
Hn dan 1t.,L. rttl
failure or great success must come. Even
II we would we cannot play small part.
II we should try, all that would follow
would be that we should play large part
1gnobly and shamefully.
But our people, the sons of the men OF
the civil war the sons OF the men VINO
had iron In their blood, re5oiSe ~ N he ane
and resolute of will Ours is not the
creed Of the weakling and the coward; ;
ours is the gospel of hope pc and n"t 81 hr ink
from the struggle before us. There are
many problems for us to face at me OUT
set OF the twentieth century-graVe prop.
lens abroad and still graver at home-bu5
we know that we can solve them, and
solve them well. provided only that we
bring to the solution the qualities OF head
who in the days Of Washington founded
this government and in the days OF Lin
coin preserved 1t.
plane Of material wen being than ours at
the present moment. This well being Is
due to no sudden or accidental causes. but
country for over a century: to our laws.
our sustained and continuous. policies;
p0 OUR all e high
been won by those who have taken the
lead In this phenomenal industrial devel-
been won not. by doing evil. but as an in
cident to, action which has benefited the
community as whole. Never before h has
fused among our peope GREAT Ct a fostunes
have been aceumulated. and yet in the
deesd when To the
people as whole. The plain people are
better otf than they have ever been be
aretSsetically mutual bepsdX societies
especiaIK helpful to -Yffen Of moderate
means-repf es,ep9,st, denominations of CAPT
tai which the II IN THIS
savings banks. more owners Of farms
more well paid wageworkers in this coun-
~ course aSM When ase the se conditions have "a
vored the growth OF SO much that was
good they have, also favored gomewha'
nentfy necessary that we should endeavol
to cut out this evil, but let us keep du'
sense of proportion; let us not In fix in,
greater good The evils are real. anc
some of them are menacing. but they are
the not OF Of or of
gigantic Industrial development. This in
dustrial development must not be checked.
pr pro regulation as viii Diminish,
the evils. We should fail in our duty II
we did not try to remedy the evils, but We
ly, with practical common sense as well
as resolution. separating the good from
the bad and holding on TO the ne former intina
while endeavoring to get rid OF the latter
In my message to the present congress:
at its first session ! discussed at length
the question Of the regulation of thos'
big corporations commonly doing an in
terstate business. often with some tenden
cy to monopoly, which are popularl!
known as trusts. The experience of tn,
past YER has emphasized, in my opinion
the .desirability 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 il
combination for aims which cannot s.
well be achieved by the individual ACTIN
alone. A fundamental base OF civilization
is the tnviolability of property; but this i
IN nowise inconsistent with the right O
society to regulate the exercise of TIL
artificial powers which 1t confers upon TIL
owners of property under the name of cor
porate franchises in such way as t
prevent the misuse of these powers. Cor
porations. and especially combinations O
corporations should be managed unde
public regulation. Experience has show
that under our system of government tn
uGCeSSdFy SupeTNlSlOu ClHllOl DC ODldlle
by state action. 1t must therefore b
achieved by national action Our aim 1
not to do away with corporations. On tn
contrary, these big aggregations are al
inevitable development of modern indus
trialism, and the effort to destroy then
would be futile unless accomplished Il
ways that would work the utmost mis-
chief to the entire body polite. We cal
do nothing of good in the way of regulat
ing and supervising these corporation
until we fix clearly In our minds that W
are not attacking the corporations, blu
endeavoring to do away with any evil l
them. We are not hostile to them. W
are merely determined that they shall b
SO handled as 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 a welldoer. not a wrong
doer provided only he works in prope
and legitimate lines We wish to fave
such man when he does well. We wis
to supervise and control his actions onl
to prevent him from doing i'll. Publicit
can do no harm to the honest corporation
and we need not be overtendcr abor
sparing the dishonest corporation.
In curbing and regulating the combine
lions of capital which are or may becom
injurious to the public we maSt be care
full not to stop the great enterprises whic
have legitimately reduced the cost of pro
duction. not to abandon the place whic
OuI country Woli liz isasSiShip
the international Industrial world, not I
strike down wealth with the result {
closing factories and mines of turnin
the wageworker idle in the streets an
leaving the farmer without a market fc
what he grows. Insistence upon the in
possible means delay in achieving the pc,
sible exactly as, on the other hand, II
stubborn defense alike of what Is GOO
and what is bad in the existing system
tempt at betterment. betrays blindness
the historic truth that wise evolution
No more Important subject can con
before the congress than this OF the req
lation Of Interstate business This countr
cannot afford to sit supine on the pie
that under our. peculiar system of govern
ment we are helpless In the presence
the new conditions and unable to grapp
has arisen in connection with them TT
power Of the congress to reghlat and int
6naiihed, grant and without Limitation
Ether the those prescribed by the const
]. !sas