Fort Mill times. [volume] (Fort Mill, S.C.) 1892-current, 1902-12-10

Washington, d. c. - President Eoosc-
vcli's message, which was read before the
Senate and House OF Representatives. IS, IN
part as follows:
To the Senate and House of Representa-
tives
We still continue in period OF unbound
cd prosperity. This prosperity = not the
creature oi Jaw, but undoubtedly the laws
under which We work have been iu,tru-
mental in creating the conditions which
made it possible, and by unwise legislation
it would be easy enough to destroy it.
There will undoubtedly be periods ot de-
preston The wave will reccdc, but the
tide will advance This nation Is seated
on a continent tlankcd by two great oceans.
Ii IL composed oi men the descendants of
pioneers, or. IN Il sense, pioneers them
selves: Ol men wlnnoWed out Irom among
the nations oi the Old World by the en-
eIev. bodhcs- and love ot adventure tuuud
III thcir own eager hearts. Such nHtou.
- p.A,cd, Will surely wrcst success from
turl iur.
Ho. ar people tho sons oi the men OF
the (INi, War. the sons a. tsiv n!en who
had non IN their blood. rejoice IN the pres
"nt aud lace the future high ot heart and
Icso.utc oi viii. Oars l. not Tie >To2;! ~
the Vyaloug and the coward: oars IS the
Eo~n,' oi hope and ot triumphant cndcaNoI.
We up NOT rurnlS from thr struggle be-
iorr u>. There are many problems cor Us
60 itcc al the outset OF the twentieth ,cu-
tury grave problems abroad and still
gr.'cr at home. hut we know that VIC can
solve them and solve them well provided
ONLY that we bring to the solution the
Qu"l.t,- ot head and heart which were
Shea by the men vino. IN the daNs of
Washington, founded this Government,
and. m the da"s OF llncoln, preserved I,.
tk,,.,-,,-olt H..
to the great fortunes OF the country,
which. he says, have been won no, hy
don- evI, but as ar incident 10 Iclion
which has benefited the community as Il
whole In dwelling upon the evils which
have arisen M the course OF our industrial
development he says that the evils are real
aud some ot the are mcnacing, but they
are the outgroN not OF misery or dccG-
dencc but OF oui 'Uospcrity. This indus
trial development. must not he checked
but side by side with it should 20 such
progressive regulation as viii diminish the
evils.
TRUSTS
In my message TO the present Congress
Mt its first session | discussed at length the
question ot the regulation of those big cor
porations commonly doing an interstate
business. often with some tendency To
monopoly. which are popularity known as
trusts The experience OF the past year
has emphasized. in my opinion. the dcsir-
~
fundamental requisite Of social efficiency
Is high standard of individual energy
and excellence, but this is in no wise in
consistent with power TO act in comhina
tion Tor aims which can not so we'll be-
achieved by the individual acting alone \
fundamental base of civilization is the in
Nloamhty OF property. but this IS i'm no
wI>" inconsistent with the right OF society
to regulate the exercise of the artificial
powers which 1t conlcrs upon the owners
of propcrty. under the name of corporate
franc hiscs, IN such way as to prevent the
misuse ot these powers. CorporationS
and especially combinations Os corpora
tions, should he managed under public
regulation. Experience has shown that
under our system OF government the ncccs-
sarN supervision can not he obtained bv
state action 1t must. therefore. be
achieved by national action. Our aim is
not to d. away with corporations: on the
contrary these big aggregations are an in
evitablc DEVELOPMENT of modern Industrial
ism. and the effort to destroy them would
he lutte unless accomplished in ways that
would work the utmost mischief to the
entire body polite. We can do nothing of
good in the way Of regulating and SUPER
vls,ng these corporations until we fix clear
~ in our minds that we are not attacking
the corporations. but endeavoring to do
away with any evil in them. We are not
hostile to them: we are merely determined
that they shall he SO handled as to sub
serve the public good. We draw the line
against misconduct, not against wealth
The capitalist vino. alone or i'm coniurc-
ton with the fellows, performs some great
fndustrial Feat by which he wins money /,
Weii-docr. not wrong-docr. provided
only ne works in proper and legitimate
lines. We wish 10 favor such a man when
he does well. We wish to supervise and
control his actions only to prevent him
from dong Ill. Publicity can do no harm
10 the foncst corporation and we need
not ne ovcT-tender about sparing shc dis
honest corporations
No moro important subject can come he
iore the Congress than this OF the rcCilIa-
ton of interstate business This country
can not afford to sit sup.ne on the plea
ihat under our peculiar system OF govern
ment we are helpless in the presence Of
the rcw conditions. and unable 10 rronnlc
WIN them or to cut out whqtCvcr of evil
mas arisen IN connection with them The
power of the Congress to regulate inter-
state CONNIE. &C is an absolute and unuuali-
ned grant. and without limitations other
than those prescribed bv the Constitution
nc congress has constitutional authority
10 make all laws necessary and proper for
executing tins power. and / am satisfied
that this power has not been exhausted nv
any legislation now on the statute books
1t Is evident, therefore. that evils restrict
i've OF commercial freedom and cntaiiing
restraint upon national commerce fall
within the regulative power of the Con
gress. and that wise and reasonable law
would be n necessary and proper exercise
OF Congressional authority to the end that
such evils should be eradicated
believe that monopolies. unjust dis
ordinations, which prevent or cripple
competition. fraudulent over capitalization
ana other ev.S in trust Nrganizatior> and