Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1902-12-06

by side with 1t should go such progressive
regulation as 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 patiently, with prac-
separating the good from the bad and
holding on the former while endeavoring
to get rid OF the latter.
About the Trusts.
In my message to the present congress
at it's first session I discussed at lengtG
the question OF the regulation OF those
big corporations commonly doing an in
terstate business. often with some tend
cncy to monopoly, which are popularity
known as trusts The experience of the
past year has emphasized. In my opinion,
the desirability of We sters then pro-
posed. A fundaEnental requisite OF social
efficiency is high standard OF individual
energy and excellence; but this is in no
wise inconsistent with power to act In
| combination for aims which can not so
well be achieved by the individual act
ing alone. A fundamental base OF civili-
zation Is the inviolabllity OF property
but this is In no wise inconsistent with
the right of society to regulate the exer-
else of the artificial powers which 1t con-
f'rs upon the owners OF property. under
the name of corporate franchises In such
way as to prevent the misuse of these
powers. Corporations, and especially
combinations of corporations should be
managed under public regulation. Ex-
porience has shown under our system of
government the necessary supervision
can not be obtained by state action. 1t
must therefore be achieved by national
action Our aim Is not to do away with
corporations; on the contrary, these big
aegregations are an inevitable develop
ment OF modern industrla!sm, and the
EFFORT to destroy them would be futile
unless accompanied In ways that would
work the utriost mischief to the entire
body polite. We can do nothing of good
in the way of regulating and supervising
these corporations until we fix clearly In
our minds that we are not attacking the
corporations, but ondeavoring to do away
with any evil In them. We are not hos
tile To them; we are merely determined
that they shall be so handled as to sub
serve the publ'c good. We draw the line
against misconduct not against wealth
The capitalist who, alone or In conlunc-
tion with his fellows. performs some
| great industrial feat by which he wins
| money is "A well-doer, not n wrong -doer
provided only he works In proper and
legitimate lines. We wish to favor such a
man when he does well, We wish to SUI
p.rVlse and control his actions only to
prevent him frorN doing Il. Publicity can
40 no harm to the honest corporation,
and we need not be oyertender about
spariag the dishonest corporation
In curbing and regulating the com
hinations OF capital which are or may be.
come injurious to the public we must he
car,ful not To stop the great enterprises
which have legitimately reduced the cost
on production, not too abandon the place
which our country has won In the leader
ship of the international indust rial
world. not to strike down wealth with
'hc result of closing factories and mines.
OF turning the wagc-worker idle IN the
streets and leaving the farmer without a
market for what he grows Inslstence
upon the impossible means delay In ac-
teiNing the possible. exactly as, on tho
other hand. the stubborn defense alike of
what is good and what liz bad I'm the
existing system. the rcsolute effort TO
obstraet any attempt at betterment, be-
trays blindness to the historic truth TINT
wise evolution is the sure safeguard
against revolution.
Regulate interstate Business.
No more important subject can come
before congress than this OF the regula-
tion OF Interstate business. This country
can not AFFORD TO sit supine on the plea
that under our peculiar system OF govern
ment We are helpless In tho presence of
the new conditions, and unahl.. A, .rsn,l.