The Red Cloud chief., 1903-12-11

hN'o'N y hi'oeab' w ~
second session of the Fifty. eighth Con.
gress is substantially as follows:
To the Senate and House Of Rcpresen.
tdfires:
With a nation as with q man the most
important things are those OF the house,
hold. and ther, fore the country Is espe-
Cially to be cOhgtutulp ted on what has
been accomplished in the direction of pro-
viding for the exercise uf supervision
over The great corporations and combina-
lions OF corporations engaged In inter-
state commerce. The Congress has Gre
ated the Department OF Commerce and
Labor. including the Bureau Of Corpora
lions, with for the first time authority to
secure proper publicity of such proceed
ings OF these great corporations as the
public has the right to know. 1t has pro-
vided for the expediting OF suits for the
enforcement OF the Federal antitrust
law: and by another law II has secured
equal treatment to all producers In the
transportation OF their goods. thus taking
a long stride forwnrd IN making effective
the work of the Interstate
Commission
Department Of Commerce and Labor.
The establishment OF the Department
OF Commerce and Labor. with the Bureau
OF Corporations hereunder. marks IA real
advance I'm. the direction OF doing all that
is possible FOR the solution OF the questions
vitality affecting capitalists and wage
workers.
Functions OF New Department.
The preliminary work OF the Bureau
Of Corporations In the department has
shown the wisdom OF Its creation. Pub
licity In corporate AFFAIRS will tend to do
away with ignorance, and will AFFORD
facts upon which intelligent action may
be taken. Systematic. intelligent inves-
tigation In already developing facts the
knowledge OF which In essential to a right
understanding Of tho needs and duties OF
the business world. The corporation
which IL honestly and fairly organized.
whose managers In the conduct OF its
business recognize their obligation to deal
s%1uarely with their stockholders. their
competitors and the public. has nothing
to fear from such supervision. TIT pur-
pose of this bureau Is not to embarrass
or assail legitimate business. but to aid
In bringing about a better industrial con-
dition-a condition under which there
shall be obedience to law and recognition
Of public obligation by all corporations.
great or small The Department OF Com
merce and Labor will 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 ana
foreign markets, In psrfecting our trans
poriation facilities. In building up our
merchant marine, In preventing the en-
trance OF undesirable immigrants. In i'm
proving commercial and Industrial condi-
tons. ond In bringing together on COM
mon ground those necessary partners In
Industrial progrcss-capital and labor.
Commerce between the nations Ii stead
lily growing In volume. and the tendency
Of the times is toward closer trade rela-
lions. Constant watchfulness Is needed
TO secure In A mericn no TIM cha pna ~ mar
ticipate to the best advantage in foreign
trade. and We may confidently expect
that the new department viii Justify the
expectation OF its creators by the exer-
else OF this watchfulness. az well as by
the busincsslikc administration OF such
laws relating to our internal AFFAIRS as
are intrustcd to its care.
In cnacting the laws above enumerated
the Congress procc rded on sane and con-
sentative lines. Nothing revolutionary
was attempted; but Il common-sense and
successful effort was made In the direc-
ton OF seeing that corporations are so
handled as to subserve the public good.
The legislation was moderate. II was
characterized throughout by the idea that
we were not attacking corporations. but
cndeavoriag TO provide for doing away
with any evil In them: that we drew the
line against misconduct. not against
wealth; gladly recognizing the great good
WHY bl WIN dlpIltg Ut III
conjunction with his fellows, does his
work along proper and legitimate lines,
The purpose of the legislation, which pur-
pose will undoubtedly be fulfilled. was to
favor such a man when he does well. and
TO supervise his action only to prevent
nim from doing III. Publicity can do no
harm to ;he honest corporation. Tho
only corporation that has cause to dread
1t is tho corporation which shrinks from
tho light. and about the welfare of such
corporations we need not be oversensitive
The work of the Department OF Com
merce ana Labor has been conditioned
upon this theory, OF securing fair treat
.nent alike for labor and for capital.
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 employe; but to re-
fuse TO weaken Individual initiative or
10 hamper or cramp the Industrial devel-
opment Of the country, We recognize
that this Is an era OF freedom and COM
hination. In which great capitallstic cor
Doratioas ana labor unions have become
factors OF tremendous Importance in all
Industrial centers. Hearty recognition Is
given the far-reaching, benelcent work
which has been accomplished through
both corporations and unions, and the
line as between different corporations.
as between different unions, is drawn as
It IL between different individuals: that
Is, II Is drawn on conduct, the effort be-
ing 10 treat both organized capital and
organized labor alike: asking nothing
save the interest of each shall be brought
into harmony with the interest 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 justice and fair dealing
towards all. Whenever either corpora
ton. labor union, or individual disre-