Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1903-12-10

washfngton, DeI..
yes ..r,ng the president says that the
u vp is TO be congratulated on the
tunm{ OF substantial achievement
tnouu" hss marked the past year 10Th as
snena our foreign and az regards our
lresiLe ration" he says. as with a
~ most important things are those
par bniisehoId, and therefore the u
y Is especially to be congratuiate or
yass nroyiding for the exercise of SUI
v sasssssion over the great corporations and
ennssratjons OF corporations engaged In
bH-,ste commerce. The congress has
s.s,,d the department OF mer
an Including the bureau of corpora
W. win for the first time authority
uoas scure proper publicity of such pro-
snss NJ these great corporations as
~ nubllc has a right TO know. IL has
'seyfSed for the ~expediting or suits Tor
Enlargement OF the federal anti-trust
~ and by another law has secured
an.r-st treatment to all producers In the
Ne"snortation OF their goods, thus tax
- long stride forward In making
..ssstlye the work OF the Interstate Com
rsrre commission
e. nresideni looks upon the establish
amt 81 the department Of commerce and
h.hn, Al a real advance In the direction
n doing all that is possible for the solu-
sor on the questions vitality affecting
snitsiists and wage-workers. the scope
e p,hs department's duty and authority.
X. nresIdent say embraces the COM
ms,cfal and Industrial interests OF the
1 ss,ion. II is not designed 10 restrict or
,"nlrol the fullest liberty OF legitimate
BUSINESS action, but to secure exact =
authentic Information which will aid the
executive In enforcing existing laws, and
.slch viii enable congress to enact adj
kilIonsi legislation. II found necessary.
A n order 10 prevent the few from obtain
~ privileges at the expense OF dimin-
hhed opportunities for the many "Sys-
t,matic Intelligent investigation Is al
rady developing facts says the presi-
ieSf, "the knowledge OF which Is esson-
sal 10 a right understanding OF the
reeds and duties OF the business world:
me corporation which Is honestly n
hlriy organized. whose managers in the
pnduct OF its business recognize their
sh,Iga,ions to deal squarely with their
sockholders, their competitors, and the
public. has nothing to fear from such SUI
~seryision. The only corporation that has
nuse 10 dread II Is the corporation which
shrinks from the light. and about the
welfare Of such corporations we need not
10 o~ver-sensitive. The purpose Is not to
,sxfl or e.nbarraSs legitimate business.
Mt 10 aid in bringing about a better in
~iustriaI conlation-a condition under
which there shall be obedience to law and
neognltiou of public obligation by ali
prporstions. great or small"
Among the duties falling within the
tope Of the department are those of
srengthening our foreign and domestic
markets, perfecting transportation facili-
les. building up merchant marine. keep
INK out undesirable INN grants. improv-
NC commercial and industrial conditions,
and In bringing together on common
ground those necessary partners In In
l~ustrial pr~ogress-capital and labor. Con-
slant watchfulness Is necessary to Sc
cure 10 Americans the chance to partici-
pate 10 the best advantage In foreign
1ade: and the department Is expected 70
Justify the hopes OF Its creators in this
respect.
In enacting the laws above enumerated
congress attempted nothing revolu-
sonary, according to the president. but
q co~mmon-sense and successful effort
orporationa are so handled as 10 sub
erve the public good.
Under the head OF capital and labor"
ne president says: The consistent
policy OF the national government. 50 FAR
as II haa the power. is TO hold in check
the interruptions man. whether employer
tr employe. but to refuse to weaken In
hyiduai initiative or to hammer or
ramp Industrial development. We rec
ssnize that this Is an era of federation
and combination. in which great cap-
iahstic corporations and labor unions
have become factors OF tremendous In
Hearty recognition IN given
he far-reaching. beneficcnt work which
has been accom- plished through both cor
t~orations and unions, and the line as be-
tween different corporations. as between
unions. is drawn as IL Is be-
tween different individuals; that Is. II Is
drawn on conduct. the effort being 10
reat both alike. asking nothing save that
NE interest OF each shall be brought into
with the interest OF the public,
and that the conduct of each shall con-
lorm TO the fundamental rules OF obe-
s:snce 10 law. OF individual freedom, ana
v Justice and fair-dealing towards all.
Disregard of the law. acts OF arbitrary or
Nrannous interference with y rights VI
sthers Will be stopped by the federal
without heed 10 the bower or
OF corporation. union or IN.
iyiduai Every man must be guaranteed
liberty and his right to do as he likes
With his property or his labor. 50 long
ne does not infringe the rights or
liners. No man is above the law and no
nan IS below II: nor do We ask any man ;
.ermission when we require him TO OBEY
Y We tave cause as a nation To DC
nankful for the steps that have beer 20
'necessfuily taken to put these pfin-
'ples into effect"
The receipts OF the government from an
exclusive OF the postal service
or the last fiscal wear aggregated $lGfi,-
The expenditures fec the Same
,eriod were sJnG. 00D. {siT. the Wrplis TOT
fiscal year being So. 2a7.f67. The IN
are that the surplus for tne
resent fscal year VIII be very smar
noeed there be any surplus. 1hls con.
Itlon the president attributes TO Decrease
. the customs. Taking of the war taNes
'as tended to more nearly eauailze re.
leipts and expenditures. n neeu OF
trict economy. the president points 2a.
! emphasized by the fact that We can
AFFORD 10 be parsimonious IN proNtI
what Is essential TO our national "eh-
The integrity OF our currency H. oe,
'ond question: says the preslhenl; -
lnder present conditions u would oe ~
use and unnecessary TO attempt q rees.
unnction OF our entire monetary sys'enn
Inc president recommends. that cun
ress direct the secretary. or the 49,,
ae postmaster general. and the secretatS
y commerce and labor. associated WIZ
uch representation from the senate ana
Iouse as congress may designate. 70
erye as a commission for the purpose %.
and reporting TO consfsss
! us next session what legislation " ~
iIaDle OF necessary for the developH1sns
] the American merchant marine hH1
commerce. and incidentally "
national ocean mall service OF adelua.o
uxliiary cruisers and naval reseIFes
shile such q measure is desirable IN any
vent. II IL especially desirable al lhls
me. In view of the fact that our pfessnt
contract for ocean Wan VIZ"
.e American line will expire In lHJ
4 ne need for revision OF the imHnlsla
10 laws that will shut out the uhnrSn
re immigrant and encourage the nes't
ore immigrant TO seek Stores =