Condon globe. (Condon, Gilliam Co., Or.) 189?-1919, 1902-12-11

Washington, Dec. 81 President
Roosevelt's annual address to congress
was read in both houses yesterday.
Following is synopsis of the docu-
ment:
To the senate and house of representa-
tives;
We still continue in a period OF un-
bounded prosperity. This prosperity
is not the creature OF law, but un.
doubtedly the laws under which we work
have been instrumental in creating the
conditions which made 1t possible, and
by unwise legislation 1t would be easy
enough TO destroy it. There will un-
doubtedly 4 be periods of depression.
The wave will recede, but the tide will
advance. This nation is seated on q
continent fianked by two great oceans.
Il is composed OF men the descendants
of pioneers, or, in a sense, pioneers
themselves; OF men winnowed out
from among the nations OF the old
world by the energy, boldness and love
of adventure found in their own eager
hearts. Such nation, so placed, will
surely wTest success from fortune.
In my message to the present con.
gress at it's first session discussed at
length the question oil the regulation Of
those big corporations which are popu.
larly known as trusts.
Our aim is not to do away with cor
porations; on the contrary, these big
are an inevitable deyel-
opment Of modern industrialism, and
the effort to destroy them would be
futile unless accomplished in ways that
would work the utmost mischief to the
entire body polite.
! believe that monopolies, unjust
Determinations, which prevent or Grip
pie competition, fraudulent overcapi-
and other evils in trust or
CARNATIONS and practices which iniur-
iously affect interstate trade, can be
prevented under the power of congress
to regulate commerce with foreign ma
tions and among the several states. I"
If 1t prove impossible to enact law
that will regulate these corporations,
then, assuredly, we should not shrink
from amending the constitution SO as
to secure beyond peradventnle the pow
er sought.
Stability of economic policy must al
ways be the prime economic need OF
this country. This stability should
not be fossilization. The country has
acquiesced in the wisdom of the pro-
tective tariff principle. It is exceed
ingly undesirable that this system
should be destroyed or that there
should be violent and radical changes
therein. Our past experiente shows
that great prosperity in this country
has always come under protective
tariff; and that the country cannot
prosper under fitful tariff changes at
short intervals. 1t is most earnestly
to be wished that we could treat the
tariff from the standpoint solely of our
business needs. The we'll being OF the
wage Garner, like the we'll being OF the
tiller OF the soil, should be treated as
an essential in shaping our whole
economic policy. There must never be
any change which will ieopardi2e the
standard OF comfort, the standard of
wages of the American wageworker.
One way in which the Feadjustment
sought can be reached is by reciprocity
treaties. They can be used to widen
our markets and to give greater field
for the activities OF our producers, on
the one hand. and on the other hand
to secure in practical shape the lower
ing OF duties when they are no longer
needed for protection among our own
people or when the minimum of dam
age done may be disregarded for the
sake of the maximum of good accomp-
lished.
1t would be both unwise and un-
necessary at this time to attempt to
reconstruct our financial system, which
has been the growth of century; but
some additional legislation is, / think,
desirable. 1t is suggested that all
future legislation on the subject should
be with view Of encouraging the use
of such instrumentalities as will auto
matically supply every legitimate do.