Fort Mill times. [volume] (Fort Mill, S.C.) 1892-current, 1902-12-10
URGES CURBING OF TRUSTS
Recommendations Contained in the
Presidents Message 10 Congress.
OPPOSES REVISION OF TARIFF


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'''"''''"''''' ''''N' 'Sl ''iAhy L" those
portions relating to the regulation Of
trusts. The tnrin' and tho Istb,ui,u co.
nal Inn ,bcro ,,.,,.. ,,,, ,i.,,,,.,,,..,...,;,..
'li'' ""''' Wv '''''"S WIS 'oh-
Nluu"u. Wh"h. IN TIA" House. the Re-
publican members INDUCED i'm = .cncr-
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'"' '''l''"''i'''S r'''N'u
thc hl'>SilS" IN silence.
Th" message opens with Il statement
of The general nrosnernus condition, of
,h
''4- '''Vi' VI '"'
SuoJet0 ol trusts follows lhc treSi-
dent Says that the Industrial evils are
the result of our nroSncrity. and that
IN attempting To remedy these evils
we must NOT check our Industrial de
N"lopnf2nt. OF the evils of trusts he
mentions monopoly. unjust diScrimin-
aiionS aud fraudulent -capitaliZa-
tion is being the principal ones. and
believes That Congress can act under
the power tu regulate commerce with
foreign nations and among the several
States. He declares however. that
IN" necessary supervision of corpora
tiun" ana combinations must hr
achieved 10y national action. and urges
Congress 10 pass an antitrust law.
which "Shall he reasonable in its pro-
visions and effective in its operations.
The President declares that ne is
firmly opposed to tariff revision except
through rcciprociiy treaties. He says
that the country has acuuicSCed i'm the
wisdom OF the protective tarin prnci-
PIE. 1t Is exceedingly undesirable that
tlilS system should he destroyed. or
that there should he violent or radical
changes therein He thinks that it is
very desirable that reciprocity treat
les should I've adopted, as they can hc
used to widen our markets and to Sc
cure the lowering OF duties no longer
needed FOR protection. He recommends
the removal of the duty on anthracite
Iouching upon financial conditions
me president says that some addition
nj legislation is desirable. with the
view 10 making ~. Kinds OF money in
tef"nang'ahle aA'. M the Will of the
holu''. convertible INTO the established
Solu S,ahu1fu.
lie earnestly hopes that Secretary
of commerce may hc created. with
scat IN the cabinet. and that Congress
VIII endoW the department with large
powers.
ne urges the adoption a. reciprocity
WIN CuIm because II lS cmincntly
Tor our own interests TO control the
cuban markets
me president states that the Con-
greSN has wisely provided that we
Siiall build at once an lSii!hian canal.
II possible, at Panama The canal
VIII he oi great benefit to America aud
ol Importance To all the world. He
also says that arrangements nave hcrn
lnauc 10 lay racine cable. which
S,l0ii D'hh"'t WIN nina hN way oi
wan H"" 'he hIlIIp'h'S.
We r' icrS 10 tie prosperity WhIch Is
HOW chloNc0 hN l'orto lilco. 10 lhc
p'''' Which, prcNaiiS III me ihiIlppih'
iS"'huS, PraiSeS me 'ohuuci Oh me
HIHh! 'hcIe' ana drclar'S tii'l' no pol
10y ever entered mo ny thc American
peoPIe hS NIhuica'eu user III more
.'S"',i h,|n,'I '"''h 'hc poilcF oi hoiu-
ing lhc ihilipplicS
we says that 'hc ARMY mas heen re-
uuccu 10 me minimum allowed ny law:
ah" recommends the passage oI nlll
proNlullig l"r Il gchcfal stan lie
urSPS congress 10 proViuc Tor the re-
"rS""'"a'ion oi me nilI'la system ana
i"r securing me ni@HeS' cHici"hcE III
'iiT MI ''I"h"i 'uaru.
IL" ir'Slu'ht "eciarcS thal 'hcr"
si"ui" ne no hait III the WORK ol n'ilIu-
~ w me NhNE' ana cailS non 10