The Holly chieftain., 1902-12-05
Executive Begins It With
Prosperity as a Topic.
DEALS WITH SUBJECT OF TRUSTS
In Favor Of National Rather than
State Regulation- Would Not
Do Away With Them. but
Would Eliminate the
Evil in Them.

In his message to Congress Presi-
dent Roosevelt has this to say:
THE TEXT OF THE MESSAGE,
We still continue In q period OF un-
bounded prosperity. This prosperity
Il not the creature OF law, but un-
doubtedly the laws under which we
ating the conditions which made II
possible, and by unwtse legislation It
would be easy enough to destroy II.
nere Will undoubtedly be periods OF
depression. The wave will recede; but
the tide Will advance. This nation IL
seated on continent hanked by two
great oceans. 1t IL composed OF men
the descendants of pioneers. or. In a
sense. pioneers themselves; of men
winnowed out from among the nations
OF the old world by the energy. bold
ness, and love of adventure found in
their own eager hearts. Such nation,
SO placed. will surely wrest success
from fortune.
AS a people we have played a large
part in the world. and we are bent
upon making our future even larger
than the past. In particular. the
nitely decided that. for woe or for
veal, our place must be great among
the nations. We may either fail greatly
or succeed greatly; but We can not
avoid the endeavor from which either
great fsjlure or great success must
come. ven II we would, we can not
play small part. II We should try,
all that would follow would be that we
should play large part ignobly and
shamefully.
But our people, the sons of the men
of the Civil war, the sons Of the men
HsN hn6 ttrF tn Hat,, I~z1 l-a- l..
the present and face the future high
OF heart and resolute of will. Ours
ts not the creed of the weakling and
the coward; ours Is the gospel of hope
and of triumphant endeavor. We do
not shrink from the struggle before us.
There are many problems for US to
face at the outset of the twentieth
century-grave problems abroad and
still graver at home; but we know that
we can soIve them and solve them
we'll, provided only that we bring to
the solution the qualities OF head and
who. in the days OF Washington,
founded this government, and, in the
days OF Lincoln. preserved It.
THE EVIDENCES OF WEALTH.
No country has ever occupied
higher plane OF material well-being
than ours at the present moment. This
weli-befng 10 due to no sudden or ac-
cfdental causes, but to the play Of
the economic forces in this country
for over century: to our laws, our
sustained and continuous policies:
above all. to the high Individual aver
age OF our citizenship. Great fortunes
have been won by those who have
taken the lead In this phenomenal In
'dustriHl development. and most of these
fortunes have been won not by doing
evil, but as an incident to action which
has benefited the community as .
whole. Never before has material we'll
being been SO widely diffused among
our people. Great fortunes have been
accumulated, and yet In the ag-
gregate these fortunes are small In
deed when compared to the wealth Of
the people as a WHOLE. The plain peo-
pie are better OF than they have ever
been before. The insurance compan-
les, which are practically mutual
benefit societies-especiaily helpful to
cumulations OF capital which are
among the largest In this country.
There are more deposits In the saw
ings banks, more owners Of farms,
more well-paid workers In this
country now than ever before in our
tions have favored the growth OF so
much that was good. they have also
favored somewhat the growth OF what
was evil. 1t Is eminently necessary
that we should endeavOr to cut out this
evil. but let US keep due sense Of
proportion: let US not In fixing 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 prosperity-of the
progress Of our gigantic industrial de-
veiopment. This industrial develop
ment must not be checked but side by
side with 1t should go such progressive
regulation an will diminish the evils.
We should fail In our duty II we did
not try to remedy the evils. but we
shall succeed only II we proceed pa
tiently. with practical common sense
an well as resolution. separating the
good from the bad and holding on to
the former while endeavoring to get
rid Of the latter.
THE REGULATION OF TRUSTS.
In my message to the present Con-
ETess at Its first session discussed at
length the question Of the regulation
of those big corporations commonly
doing an interstate business, often
which are popularity known as trusts.
Tho experience Of the past year has
emphasized in my opinion the desira-
tiiity of the steps then proposed. A
fundamental requisite Of social effi-
cheney n q high standard of individual
eneI gy and excellence: but this IL In
no wise Inconsistent with power to
act in combination for aimS which can
not 30 well be achieved by the indi-
vidual acting alone. A fundamental
bnre Of civilization IL the inviolability
ccnsistent with the right Of socetey to
yoC,,IatA fhe exerciae ~ sthA nrft6hial