The daily Republican., 1902-12-02
|ESIDENT'S MESSAGE READ TO CONGRESS.
THE PRESIDENTS MESSAGE.
To the Senate and House of Renresenta A.

we stlll continue in a period Of
pounded prosperity. This prosperity IN
not the creature of law, hut undouht cdly
the laws under which we work have been
instrumental in creating the conditions
which made 1t possible and by unwise leg
ton 1t would be easy enough to destroy
o.N, There will undoubtedly be periods of
Hepression. The wave will recsde but tha
tide will advance This ration is seated
on continent fanked by two great
oceans. 1t is composed CT men the de-
scendants OF pioneers or. in sense, pio-
neers thenselvts-of men wnnoWed out
from among the nations of the old world
by the energy, boldness and love Of ad-
venture found in their own eager hearts
such nation 80 placed will surely wrest
success from fortune
y, AS people We have played large part
u IN the world, and we are ben, llpun max
- lhg our future even Larger than the past.
le> In particular the events Of the last four
ID years have definitely decided that for WOO
81 or for veal our place must be great among
the nations. We may either fail sreatly
~ OF succeed greatly but We cannot aT"ti
the endcaror from which ether eru"t
failure or great success Mu&l CONT" Even
II we would we cannot play sala,l part.
III we should try, all that ""uIa iy,!U"
would be that we should play 4 !-rS" nIrL
ignobly and Shamefully,
4 But our people. the suns OF The ren Of
4 the civil war, the sons ol lht m'r Nur
had iron in their blood, reJ"i"c ~ the
present and face the future hlGh Of heart
n. and resoute of will. ours * not tha
" creed Of the weakling and tAo rpWh,d,
J. ours is the gospel of hUpt and of trl-
e umhhant endeavor, We do not ahrtnk
from the struggle before MS. th"r" are
many problems for Is to f1,e At IL" ".i-
Eet of the twentieth cen,ury-EIa pr".'-
lems abroad and Still graTcr ut nom l.
We know that we can solve Then. 1@i
solve them we'll provided uay ihat We
bring to the solution the qua Liti,s of head
and heart which were shown by toe ntn
who in the days of Washing, founded
this government and IN tuG da. oil LIN
coin preserved II.
No country has ever occupied higher
plane of material well being than Oul IS at
The present moment. This wei! beng is
1ue to no sudden or accidental ,lW@"., buS
to the play of the economic iorc' N mis-
It thr sust tancd and continuous po.ayn.,;
ion Dove all. to the high indtVldua aver He
our citizenship. Great fortunes have
WI been won by those who have taken the
g lead in this phenomenal industrial d ~
opment. and most Of these fortunes nave
cident to action which has i, nritcd rHe
community as a whole. Never l. lore uI3
material well being been 50 N.d ~ dn- !
fused among our ncopi" Greol fortunes
aggregate these fortunes ar. snlui m
deed when compared TO the wealth Il '!a /
better Off than they hay" eyer teen 0g- /
fore. Th" Insurance companies. wh!"h I
sre nracticalIy m, mutual benefit soc,,.;.s- +
means-reprrscnt accommodations uI Clp.- +
tai which are among the largest II his
country. There are more deposits i'll tho !
savings banks more owners Of farms,
more well paid wagewerkers in this coun-
Try now than ever before in our history
OF course when the conditions have ia '
vored the growth of SO much that was
good they have also favored somewhat
the growth of what was evil. 1t iI emf
hently necessary that we should endcavor
, to cut out this evil, but let us keep due
| sense of proportion; let us not in tiH>n%
sodS n sSs fc and
Some Of them menacinS, but they !
the outgrowth not Of If misery MS or decadence,
gigantic Industrial Development. This IN
dllstrial development must not be checked,
but side by side with il should go such
The evils. We should fail in our duty If
we did not try to remedy the evils, but we
phsll succeed only if we proceed pGl,"nt-
hs resolution, separating the good from
the bad and holding ON to ihG former
"h9 T to to &C. fs 54 of the s
ut its first session | discussed at Icugth
the question of tho regulation of those
big corporations commonly doing an in
terstate business. often with some tanden-
gy to monopoly, which are popularity
SGown as trusts The experience Of the
past year has emphasized. in my opinion,
the desirability Of the steps ! then pro-
pOsSu. ~ luIuhhpHtal requisite tl social
efficiency Is high standard Of individual
energy and excellence, but this is in
wise inconsistent with power to act in
combination for aims which cannot SO
well be achieved by the individual acting
Alone A Fundamental! base of civilization
is the nviolabllity of property; but this is
In nowise inconsistent with the right Of
socfety to regulate the exercise Of the
artificial powers which II COnl"rs upon tho
owners Of property under the name OF cor
porate franchises in such way to
prevent the misuse Of these powers Cor
porations, and especially combinations of
rorporstons, should be managed iudtr
public regulation EXparcn"c has shown
that under our system Of government the
necessary supervision cannot 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 aggrcsatious are an
Inevitable development Of modern iu!Us-
trialism, and the effort to destroy them
would be futile unless accomplished IN
ways that would work the UtmUs; mis-
chief TO the entire bodI polite. "" "Tn ,
do nothing of good In TIE way Of rrgu!ai-
Ing and supervising these corporations
until We fix clearly in oar minds that We
nre not attacking the corporations, but
endeavo!ing 10 do away with any evil ia
them. We are not hostile to them. We
are merely determined that they shall be
80 handled as to SI,lsersc tli.. public good.
We draw the line against miSc on lWvt, not
against wealth. The capitalist VINO alone
or in conjunction with his fellows, per-
forms some great industrial feat by which
he wins money is Il wcldoer not a wrong
doer provided only he works In proper ,
and legitimate lines. We wish to favor ,
such Il man when he does well. We wish
to supervise and control his actions oaiy &
to prevent him from doing i'll. Publicity
can do no harm to the honest corporation, c
and We need not be oyrrtender about q
sparing the dishonest corporation. t.
In curbng and regulating III" comhina-
car t.I which ar IN ina | [
Injurious TO the public we must be care +
full not to stop the great enterprises which = :
have lesitimat"iy reduced the cost of pro- =
duction. not to abandon the place which i
our country has won in the leadership of il
the international industrial world not to II
strike down wealth with the result Of I
closing factories aud mines. OF turning &
the wageworker idle IN The streets and y
leaving the farmer without market fer G
what he grows. lusistcnrc upon the i'm I
possible means delay in achieving III" POS 4
sible cxacty as, on the other hand the a
and what is bad in he existing system, G
the rcsollle effort to Distract any at +
TEMPT At t"',e,m""t h"r1ys htgHness
the sure safeguard against revolution. S
No more important subject can come b
s Of f bnc n tsS h Fl ns "oyv
cannot afford to sit supine on the plea G.
that under our peculiar system Of govern "
ment we are helpless in the presence Of o
the new conditions and unable to grappIe !
with them to cut out whatever Of evil g.
has arisen IN connection with them. The o.
power of the congress to regulate inter | Ii
state commerce is an absolute and un- le
qualified grant and without limitations t,
sther than those prescribed by the consti- a
Authority to make all Ia ws necessary and ir
proper for executing this power, and l am h
satisiied that this power has not been ex- g
stuts sy books Is os evident