The Providence news. (Providence [R.I.]) 1891-1906, 1902-12-02
THE MESSAGE

To the Senate and House OF Representa-
We still continue in period of un-
bounded prosperity. This prosperity is is
. not the creature OF law. but undoubtedly
the laws under which We work have peen
instrumental In creating the conuuons
which made IL possible, and by unwise
legislation IL would be easy enough TO
destroy IT, There will undoubtedly be pc
RODS OF depression. The wave Will re-
cede. but the tide Will advance ms ne
nation IL seated on continent nanked py
two great oceans. 1t Is composed OF men
the descendants Of pioneers, or. In
sense. pioneers themselves OF men win, n,
the Old World BY the energy. boldness
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 large part
In the world. and we are bent upon max
IN ns partIcnlar. art the events OF the last four
years have definitely decided that. for
woe or for veal. our place must De gres,
among the nations. We may ether fail
greatiy or succeed greatly. but we cannot
avoid the endeayor from which either
great failure or great success must come
smsI Evsn nars we Mo%ss we should ap ary ali that
would follow would be that we should
play large part ignobly and shsmefully
THE GOSPEL OF HOPE.
But our people. the sons of the men or
the CIVIL war the sons OF the men VINO
had iron in their blood, reJoce In tns
present and face the future nigh OF heart
and resolute OF will Ours as not the
creed OF the weakiing and the coward, I,
ours IL the gospel OF nope and OF trium-
phant endeavor. We 60 not shrink from
the struggle before US. There are many
problems for US 10 face at the outset or
the twentieth century y--srave problems
abroad and still graver at home. but we
know. that we can solve them and solve
them we'll provided only that we bring
10 the solution the qualities of head and
III t-kx D ~. fA.a h.
In the days OF Washington, founded this
government. and. In the days OF Lincoln,
preserved a..
No country has ever occupied higher
plane OF material well-being than ours at
the present moment This well-being IL
due 10 no sudden or accidental causes. but
TO the play OF the economic forces In this
country for over a century: TO our laws.
our sustained and continuous policies;
above all 70 the high Individual average
been won by those who have taken the
lead In this phenomenal industrial devel-
opmcnt, and most OF these fortunes have
incident TO action which has benehted the
community as a whole. Never berore
has material well-being been so widely
diffused among our people
Great fortunes have been accumulated
and yet In the aggregate these fortunes
are small indeed when compared to the
wealth of the people as n whole. The
plain people are better of than they
have ever been before The Insurance
companies which are praSticasiSS ssS,T, mutual al
men OF moderate means--represent accu-
mutations Of capital whicn are among the
largest u thts country There are r more
ers OF farms. more well-paid wage-work-
ers IN this country now than ever before
hsys or he srows Of
much that was good. they have also ia
vored somewhat the growth OF what was
II IA eminently necessary that we
should endeavor to cut out this evil. but
let us keep a due sense OF proportion: let
% US n91 SarT IN fns n osr sazs o m6on .re me evils
are real and some OF them are menaoing.
but they are the outgrowth. not OF mis-
cry or decadence. but OF prosperity-of
the progress OF our gigantic Industrial de-
velopment This industrial DEVELOPMENT
must not be checked but side by side
ston ao y as shogh % sGs tSs sys
should fall IN our duty II we did not try
TO remedy the evils. but we shall sue
ceed only II we proceed patiently, with
practical common sense as we'll as reso-
tuition. seDarating the good from the bad
and holding on To the former. while en-
deavoring TO get rid OF the latter.
REGULATION Or TRUSTS.
In my message 10 lne present congress
al It's nrst "a. siOn ] u-sS as,eu al itns IN
the question or tne resu.atlon of tnose oIs
corporations commonly uo.ng an intes-
state business, Viten with sO."3 .ena.iicy
az trusUs. Inc exporlenC- ~ ,he past
year mas empnasIzsu. In my ofinlon, the
oesnaOiiity OI tne steps 4 tnen proposeu.
"A iuno nosnIehtdl t"qe.s.,e Of soclai cifi-
cheney - nlsn ssaauard N tnoiviuuHi /
enerky ana tA.~iltn,e. Dut tnis ~ In no
wise lncoaslstent WITH power 70 act IN
combination TOT slfnss wn4Cn cannot So
We. be achieved Dy the inoividpai act
Ing alone.
a monumental base OF civilization ls
the inyl0IaUiity OF prOperty. Dut this ~
Ia no wise InO, rsistert with the right or
society 10 rsgdIate tne cArrtaae vi the
srtincial powers which Il corners upon
the owners OF Properly. uncec the nanls
OF corporate irdnclslses. IN sLch a way az
10 prete.4t. I. the mleLse ". tnese powers.
Corporations. ana especially cOmUina-
tions of corporations. snouid be maLsged
undcr puolic POPULATION. hNperlence nas
snown that un.er our system % govern
ment the necessary supervision cannot be
obtained By state acuOn. II must there
fore b. achieved by national acuOn. our
aim ~ not 10 DO away with corpora
tions: on the contrary. these Dig agsre-
cations are an inevitable deyeiopfnent of
modern industriaiism, and the effort to
DESTROY them would be Tutlle unless ac-
compd.shed In ways that would work the
We can do roshing of good In the way
Of regulating ano superNiE iEing these cor
poratfons unui We TX clearly ~ our minds
that We are not attacking the corpora
tionr but endsavoring TO do away with
any evil in them. We are not hostile 70
them: we are merely determined that they
shall be so handled as TO subservc the
fnirconduct. MT against wealth Tho
capitalist ~ho slone or IN conjunction
With his fellows. performs some great
Industrial feat nj which he wins money
= veildoer. NOT . vronedosr. provided