The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1902-12-12

Is not the creature OF law, put uiluo"''
eddy the laws under which we work nave
been Instrumental in creating the condi-
tions which made it possible, and by un-
wise legislation it would be easy enough
to destroy It, There will undoubtedly
be periods of depression. The wave VIII
recede: but the tide will advance. rms
nation Is seated on a continent nankeu
by two great oceans. 1t Is composer
of men the descendants of pioneers, OF
in sense pioneers themselves OIL me-"
winnowed out from among the natiois
OF the old world by the energy, boloness'
and love of adventure found in their own
eager hearts. Such a nation, so placed
will surely wrest success from fortune
AS a people we have played large
part in the world, and we are BENT upon
making our future even larger than tie
past. In particular, the events OF the las'
four years have definitely 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
cannot avoid the endeavor from WHICH
either great failure or great success
must come Even If we would, we can
not play small part. If we should Try,
all that would follow would be that we
should play a large part ignobly ana
'shamefully.
No country has ever occupied higher
at the present moment. This weil-oeihs
is due to no sudden or accidental causes
but to the play of the economic forces
in this country for over century 10
our laws, our sustained and continuous
policies: above all, to the high indiVld-
ual average of our citizenship dreat
fortunes have been won by those VINO
have taken the lead In this phenomenal
industrial development, and most Of these
nrf, haV
cvN but as an incident to action Whlcn
has benefited the community as Whoie'
Never before has material well-pelnS
been so widely diffused among our peo-
'ple Great fortunes have been accufh-
ulated and yet in the aggregate THESE
fortunes are small indeed when com
pared to the wealth of the people as
whole. The plain people are better off
than they have ever been before Inc
insurance companies, which are prac-
tically mutual benefit societies-especlaily
helpful to men of moderate means-rep-
resent accommodations OF capital which are
among the largest in this country. Therc
arc more deposits in the savings panks,
" more owners of farms more well-pald
WAGE workers in this country now thah
ever before in our history. or course
when the conditions have favored the
growth of so much that was good, they
have also favored somewhat the growth
OF what was evil. 1t Is eminently neces-
sary 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
outsroWth, not of misery or decadence'
but OF prosperity-of the progress OF our
gigantic Industrial development. rms
industrial development must NOT DC
checked but side by side with 1t should
go such progressive regulation as VIII
diminish the evils. We shouiu Iail III
i6ur duty if we did not try to remedy the
evils. but we shall succeed only If we
tiooccod patiently with practical common
scuse as well as resolution, separating
.the good from the bad and holding on 10
Tho former while endeavorinS TO get ria
of the latter
- National Action to Control trusts
In INV message to the present Congress
Ill its first session l discussed al ienetl
',bc question of the regulation OF those
az corporations commonly doing an III
Serstate business. OFTEN win SUM- ,,,u,i,,
Jcpcv to monopoly. which are popuiaIly
s.rory, as trusts The experience OF the
,,ost vear has emphasized, in my oplh-
a., tho desirebility of the steps theh
,,,onosed A fundamental base OF CIVIL
ization is the inviolability OF properly
hut this is in no wise inconsistent Win
,be right of society to regulate tne eN-
crcise of the artificial powers winch II
.corfers upon the owners OF property un-
Az tho name of corporate franchises, IN
svch n way as to prevent the misuse
-oT these mowers. Corporations, and espe-
cially combinations OF Corporations
should be managed under public reSula-
lion. Experience has shown that unoer
o,tr system of government the necessary
supervision cannot be obtained oy state
action. II must therefore be achieved
-, notionol action. Our aim is not to do
awav with corporations; on the contrary.
these bie aCgregations are an inevitable
development of modern industrialism, and
tha effort to destroy them would be futile
t,nless accomplished in ways that would
work the utmost mischief to the entire
body polite. We can DO nothing OF goou
An the way of regulating and supervising
1bese coruorations until We fix clearly In
.o,,r minds that we are not attacking the
generations. but endeavoring to do away
9TH any evil in them. We are not hos
sue 20 them; we are merely determined
fhat they shall be so handled as to sub
serve the public good. We draw the line
arainst misconduct. not against wealth
THE capitalist who. alone or in conjunc-
zion with his fellows. performs some
Great Industrial feat by which he wins
,nonev IN n welldoer. not wrongdoer
crowded only he works In proper and
legitimate lines. We wish to favor suci
man when he does well. We wish e
-,nervise and control his actions only L
prevent him from doing Ill. Publicity
IN 10 no harm to the honest corpora
ton; and we need not be overtende
about sparing the dishonest corporation
The Necessity for Care.
In curbing and regulating the combina
lions OF capital which are or may becom'
luxurious to the public we must be oarefu
Dot 10 stop the great enterprises whicl
nave Iegitlmateiy reduced the cost Of pro
auction. not to abandon the place whicl
our country has won In the leadership Q
me international industrial world. not &
etrfke down wealth with the result o
closing factories and mines, OF turninl
fhe wage worker IDLE IN the streets an
having the farmer without market 10
shat he grows Insistence upon tne I'm
passIbie means delay In achieving tn