Evening capital. (Annapolis, Md.) 1884-1910, 1903-12-07
PRICE ONE GENT
PRESIDENTS MESSAGE.

Washington, Dec 7.-The presidents
message has been transmitted 70 con.
gress. Its principal features are as fol
lows:
The country is 20 be congratulated
on the amount OF substantial achieve
Elent which has marked the past year
both as regards our foreign and as re-
CARDS our domestic policy
With nation as with a man the
most important things are those Of the
household, and therefore the country
is especially 20 be congratulated on
what has been accomplished In the di-
rection of providing for the exercise OF
supervision over the great corporations
and combinations OF corporations en-
gagged In interstate commerce. The
congress has created the department
OF commerce and labor including the
bureau OF corporations, with for the
frst time authority TO secure proper
publicity of such proceedings Of these
great corporations as the public has
the right 60 know. IL has provided for
the eXpediting OF suits for the enforce.
ment of the federal antitrust law, and
by another law Il has secured equal
treatment 20 all producers IN the trans
portation of their goods, thus taking
long stride forward in making effec-
tive the work of the interstate com
merce commission.
The preliminary work OF the bureau
OF corporations in the department OF
labor has shown the wisdom of It's Gre
alton. Publicity in corporate affairs
will tend TO do away with ignorance
and will afford facts upon which intel
ligent action may be taken. Systemat-
ic. intelligent investigation Is already
developing facts the knowledge OF
which is essential TO right under
standing OF the needs and duties OF
the business world The corporation
which is honestly and fairly organ
ized, whose managers I'm the conduct
of its business recognize their obliga-
ton to deal squarely with their stock
holders, their competitors and the pub
lic has nothing to fear from such SUI
pervision. The purpose Of this bureau
is not TO embarrass or assail legitimate
business, but TO aid In bringing about
better Industrial condition. condi-
ton under which there shall be obedl-
ence TO law and recognition OF public
obligation by all corporations, great or
small. The department of commerce
and labor viii be not only the clearing
house for information regarding the
business transactions OF the nation, but
the executive arm of the government
TO aid in strengthening our domestic
and foreign markets. in perfectlng our
transportation facilities. in building up
our merchant marine, in preventing the
entrance of undesirable immigrants. In
improving commercial and industrial
conditions and in bringing together on
common ground those necessary part
ners in industrial progress-capital and
labor.
Capital and Labor.
The consistent policy of the national
government, so far as ii has the power.
is to hold in check the INSCRIPTIONS
man. whether employer or employee, but
to refuse TO weaken individual inltla-
tive or to hamper or cramp the indus
trial development of the country. We
| recognize that this Is an era Of fedora
| ton and combination. in which great
capitalistic corporations and labor un-
| ions have become factors OF tremendous
| Importance In all Industrial centers
| Hearty recognition Is given the far
| reaching, benehcent work which has
been accomplished through both cor
porations and unions, and the line as
| between different corporations, as be-
1 l.. "a
is between different individuas-th
| is, II is drawn on conduct the effort
being TO treat both organized capital
and organized labor alike, asking moth
| ing save that the interest Of each shall
be brought into harmony with the i'm
| terest of the general public and that
| the conduct Of each shall conform to
the fundamental rules Of obedience to
| law, of individual freedom and of jus
| tice and fair dealing toward all. When
! ever either corporation, labor union or
individual disregards the law or acts
| in spirit Of arbitrary and tyrannous
| interference with the rights Of Others
/ whether corporations or individuals,
then where the federal government has
| Jurisdiction it will see 10 II that the
misconduct is stopped. paying not the
| slightest heed TO the position or power
/ OF the corporation, the union or the in-
dividual, but only TO one vital fact
that is, the question whether or not
the conduct Of the individual or aggre-
gate Of individuals is in accordance
with the law of the land. Every man
must be guaranteed his liberty and his
right to do as he likes with his prop
erty or his labor so long as he does
not infringe the rights Of others.
Government Receipts and Expend-
ftures.
From all sources, exclusive OF the
postal service, the receipts OF the gov
ernment for the last fiscal year aggre-
gated $500, ,396,674. The expenditures
for the same period were $506099,007,
the surplus for the fiscal year being
$54, ,297, ,667. The indications are that
the surplus for the present fiscal year
will be very small, If indeed there be
any surplus. From July to November
the receipts from customs were, ap-
proximateIy, 100000 less than the
receipts from the same source for
corresponding portion last year. Should
| this decrease continue at the same ra-