Evening journal., 1902-12-02
THE MESSAGE
ycoutInud From First Page.)


product II possible, such change should |
be made only after the fullest considera- |
ton by practical exports who should APP
proach the subject from a business stand |
point having IN view both the particular
interests affected and the commercial well
being of the people as whuic. Tho ma
chinery for providing nuch careful inves-
tgaton can readily be supplied, The OK
ecutive department has already at its
disposal methods OF collecting facts and
figures. and IL the congress desires 0ddi-
tional consideration 60 that which win be
given the subject by its own committees.
then q commission Of business experts can
be appointed whose duty it should be TO
recommend action by the congress after
deliberate and scientific examination OF
the various schedules Qs they are affected
! by the changed and changing conditions
| The unhurried and unbiased report OF this
commission would show what changes
should be made In the various schedules
and how FAR these changes could 40 with
| out also changing tho great prosperity
! which this country IN now enjoying or
upsetting its fixed economic policy.
The eases IN which thp tarlN can pro-
| duce monopoly are SO few cs 20 consu-
/ tute an inconsiderohle factor In the Ques-
! ton; but, Of course II In any case IL be
found that q given rate OF duty dncs pro-
mote a monopoly which works ilL no pro-
tectlonist would object TO such reduction
! OF tho duty as would cQuniac competition.
/ In my Judgment the tariff ON anthracite
Soei t snoniia De remQIeu anu anthrae,te
on the free list. This would have no effect
! at an save IN crises, but in CRISES n might
Interest rates are q potent factor In
/ business activity and Ia order that these
| rates may be opNalizcd 20 meet the vary
| ing needs or the seasons and OF widely
| separated communities, and 70 prevent the
| recurrence OF financial strinnonciea which
! injuriously affect lcgitmute business, Il
! IS necessary that there should be an elc-
| ment of elasticity IN our monetary sya-
/ tenn. Banks are tho natural Servants OF
| commerce. and upnn them should be
] nlupgr n "a n q fITulIn burden
Of furnishing and maintaining a circula-
/ ton aucQuate TO supply the needs OF our
| diversified Industries ana Of our domestic
| and foreign commerce and the issue OF
| this should be so regulated that sufli-
| Client supply should be always available
| FOR the business interests Of the country.
lt would be both unwise and unneces-
| Hary at this time TO attempt 10 recon-
Spuct our AHanciai system which has
! been the growth Of n century. but some
additional legislation Is, ! think desirable.
The mere outline of any plan sufficiently
would transgross the appropriate limits
Of this communication. II is suggested,
however. that all future legislation on the
Subject should be with the view OF en-
iouraring the use Of such Instrumental
ties as will automatically supply every
| legitimate demand OF productive indus
tries and Of commerce, not only in the
| amount but IN the character OF clrculu-
zion. and Of making an kinds Of money
/ interchangeable and. az the VIII OF ihe
nolder convertible into the established
gold standard.
/ 1 again NNll your NlItMIluM TO lNt nNIl
of passing proper Immigration law, COW
ering the points outlined In my message
- 20 YOU az the FIRST sefsion OF the present
congress. Substantially such a bill hai
already passed the house.
How to secure fair treatment alike 10
.apor ana Tor capital how 20 hold Il
theck the INSCRIPTIONS man. whether en-
! lloyer or employee without weakening
; individual initiative without hnmpcrin
and cramping the Industrial development
1 OF the country, II "a problem ffaught Wit
| ElNNL uIINlnIfIGN and which ~ ia
the highest Importance 10 solve on line
Of sanity ana farsighted common sense a
well as OF devotion TO the right. This
an era OF federation and combination
J LNaotly aa business men find they mus
e 9ften work through corporations, and a
I is constant tendency OF these corpora
uons 20 grow larger 80 IT IS often neces
tary Tor laboring men 20 work ina tedera
lions and these have become importar
factors Of modern industrial life, Bot
KINDS OF federation, capitollstic and iaDO
=, can DO much good, and as a nccossar
=. tion TO each kind Of organization shoul
> take the form OF opposition TO whatever
tion or union, not Of attacks upon cor
al porauons as such nor upon unions a
{ such, for some OF the most farreachin
g. bcnehcent work for our people has bee
i accomplished through both corporation
ana unions. Each must refrain from al
bluafy or tyrannous intcrference wit
the rights of others. Organized Capits
and organized labor alike should remcm
ber that in the long run the interest q
S each must be brought into harmony wit
the interest Of the general public. aud th
conduct Of each must conform 20 "a
Fundamental rules OF obedience TO "a
law, Of Individual freedom and OF iustc
ana fair dealing toward an. Each shoul
remember that In addition TO power
must strive after the realization &
healthy. lofty and generous ideals Ever
employer, every wageworker, must Z
guaranteed his liberty and his right 10 q
as he likes with his property or his labo
so long as he does not infringe upon "a
rights OF others IL is OF the highest i'm
i D
alike should endeavor 10 appreciate eac
the viewpoint of the other and the sur
disaster that will come upon both IN N
long run IL either grows 10 take as habit
ual an attitude of sour hostility and dil
, trust toward the other. fSW people Do
T. serve better Of the country than those roI
resentatives both OF capital and labor.
~ ana there are many such-who work cor
Isl tlnually TO bring about good understand
IA ing OF this kind. based upon wisdom an
2" upon broad and kindly sympathy betWec
e employers ana employed. Above al, W
need 10 remember that any kind OF elias
- auimosity IN the political world is, III po'
= aiple, even more wicked, even more ID
structive TO national welfare. than Sc,
uonal, race or religious animosity w
can get good government only upon coud
ton that we keep true 10 tho prncipl,
upon which this nation was founded an
\ I judge each man not as "a part Of elias
= but upon his individual merits All tha
. we have a right TO ask of any man. rio
4 I or poor whatever his creed his occups
y tion, his birthplace or his residence.
that he shall act well and hOnorably d
neither for the rich man as such nor IL
tho poor man as such, we are for the ul
right man. rich or poor. So far az tl
ID constitutional powers of the national gOi
, ernment touch these matters ct genor.
- and vital moment 10 the nation. the
~ should be exercised IN conformity wit
the principles above set forth
10 Us earnestly hoped that secretary
% commerce may he created. with a seat
tho cabinet The rapid multiplication
questions affecting labor and capital. tl
% growth and compleNity Of the Org1nizi
tions through which both labor and cap
< tal now find expression. the steady tens
ency toward the employment of capital
huge corporations and the Woudcrfl
strides of this country toward leadcrshl
In the International business world jusui
an urgent demand for the creation
such a position Substantially all 81
leading commercial bodies in this countr
.e have united in requesting its creation.
.e Is desirable that some such measure p
that which has already passed the sena
he enacted into law. The creation of sue
s department. would ia itself be am az,
vance toward dealing with and eXercisii
sunerN ision over the whole subject or n
a great Corporations doing am lutersta
, business. and with this end ln view a
? congress should endOW the depurtmcl
S with large powers. which could be i
creased as experience might show q
need.
4 hope soon 70 submit 20 the senate
reciprocity treaty with Cuba on May