Courier Democrat. (Langdon, N.D.) 1891-1920, 1902-12-11
PRESIDENTS
MESSAGE
COUNTRY STILL CONTINUES IN
A PERIOD OF UNsoUNDED
PROSPERITY.
REGULATION OF the TRUSTS
PRESIDENT URGES CONGRESS TO
GIVE THE SUBJECT EAR.
NEST ATTENTION.
TARIFF MUST NOT BE DISTURBED
FINANCIAL LEGISLATION - HAIR.
MoNY BETWEEN CAPITAL
AND LABOR.
TARIFF MUST NOT Be DISTURBED

The following Is a synopsis OF the
presidents message:
40 the Senate and House of Representa-
We still continue in period Of UNI
bounded prosperity. This prosperity is
not the creature Of law. but undoubtedly
the laws under which we work have been
which made it possible. and by. unwise
legislation 1t would be easy enough to de-
stroy it: There will undoubtedly be pc
cede: but the tide will advance. This ma
ton is seated on a continent fanked by
two great oceans. 1t Is composed OF men
es OF o men o @
moved out from among the nations of the
Old World by the energy. boldness and
love Of seb IN so
will surely wrest success from fortune.
AS a people we have played a large
part in the world. and we are bent e1t upon }5a
last four years have definitely decided
that, for woe or for veal, our place must
either fail greatly or succeed greatly;
but we cannot avoid the endeavor from
which either great failure or great, sue,
cannot play small part. If we should
try, all that would follow would be that
we should play large part ignobiy ana
OF course when the conditions have IA
vored the growth of so much that was
good, they have also favored somewhat
inentiy necessary that we should endea.
vor to cut out this eveil, but let us keep a
due sense Of proportonn let us ev not fo IN
s e Trsssq e6ed III s
and some of them menacing, put tney are
the outgrowth, not of misery or deca-
dence, but Of prosperity9f the Progfgys
This industrial development must not pc
checked, but side by side with 1t should 1f !!
60 such progressive regulation as VIII a.
duty if we did not try. to, remedy the
evils but we shall succeed only II we pro
coed patiently, with practical common
t the good as I from the bad and holding on
to the former While endeavorlng 10 see
rid of the latter
/ Public Regulation of Trusts.
| In my message to the present congress
at it's first session 1 discussed at length
the question of the regulation OF those big
corporations commonly doing an inter
to monopoly. which are popularly known as
trusts. The experience of the past year
1 has emphasized, in my opinion, the deslr-
ability of the steps then ao PROPOSES pos eac "A
is a high standard Of individual energy
and excellence; but this is in no wise IN
consistent with power to act in com PIMA
fundamental basis Of civiizat IGN Is The
inviolabiity of property; but TINS IS IN
no wise inconsistent with the rigati ,os
artificial powers wnicl1rit conf ersnupon..the
owners Of property. under, the name OF
h franS anse asn M as
Corporations, and especially combina;;
tions Of corporations. should pc ;pa,nagsd
under public regulation. Experience has
nhgMn the snar aer ou1 AT
obtained by state action. 1t must there
,e he nehteYed pr ma ti9n alsaetlop.,, i0u1
aim Is lit to do away with corporations
are ar an, ,netesble, modern
industrialism. and the effort to destroy
them wouIdspe futile unless aSSsomclisheS
y 2~l Il Il ss go s 81
ing and supervising these corporations
until we fix clearly F4 our minds that
s Ss s5s Is f$sf e.
evil in them: We ARE s1otEh stAe IL Ahenlt
we are merely determined that they shall
s BE We draw as the TO
Who alone h or in aeei jun don Ks
fellows. performs some great industrial
feat by which he wins money is a we'll
doer, not a wrongdoer. provided only he
works in proper and legitimate lines We
wish to favor such a man when he does
his actions only to prevent him from do
ing i'll. Publicity can do. no harm to
the honest corporation and we need: not
be overtender about; sparing the dishonest
corporation. ''-e-r- H. b. - "~S
In: curbing. and regulating the combine
tions of capital which are or may become
not to: stop the great enterprises Witch
have legitimately reduced the cost of pro-
duction. not TO- abandon the place which
our country has won In the leadership of
ho int a nal ind frio fn
strike down wealth with the result of
closing factories and mines, of turning
the "age-worker idle IN the streets and
leaving the farmer without market for
what he grows; 1nsistence upon the Inn
possible means delay in achieving the
possible; exactly: as. on the other hand,
good and what is badfin the existing sys-
tenn. the resolute effort to obstruct any
attempt at betterment betrays blindness
to the historic truth that wise evolution
is che sure safeguard agains revolutions.
No more important subject can come
before the congress than this of the reg
ulation Of interstate business. This coun-
try can not afford to sit supine on the
plea that under our peculiar system Of
government we are helpless in the. pre-
sence OF the new conditions, and unable. to
congress -tp regulate Interstate commerce
is an absolute and unqualified grant. and
witho1t limtatioa$ other than tnpse pre-
gress has constitutional authority to
make AL laws necessary and proper for
fed that this power has not been
exhausted by any legislation now on the
tfasut ev ssH sstfve 81 aSmerasf Tse.
dom and entailing restEaints upon national
p peMns "f ,hs} d Ese an az ss VIC
AND and nrone gsa Is slnsS
thoaity to- IL, the spd that such fSiAs should
I f SleHsseSe 9baAssn ubaIt dfss
tasipstisiS4. rahansnt SEsrca IT lisPla
and other evils in trust organizations and
practices which injaasious!R.. .A4 Iscs~,isseer,4
state trade can be prevented under the
power of the congress to regulate COM
,eree$swl With "a oEs.tEn tnastors ; Fand anlb1,a
he Aay ~ ases ,sh ", h y a tionS
ON Inh saomfssreea tlleH instTHmentalitss
'Afs esq., S Ass msa9 sRlhsaSjsc
TIE eohsfncration of the conEtess with a
view = tRs RasIaka 81 Q |ax ,SsaSoRRR|a
erations. upon which the questions car,