The state herald. (Holyoke, Logan County, Colo.) 1887-1921, 1903-12-11

INOctN'll > lHtoSdSt W Vic
second session of the Fifty.eighth Con.
gress is substantially as follows:
To the Senate and House Of Represen-
tdtiUes:
The country Is TO be congratulated on
the amount OF substantial achievement
which has marked the past year both MS
regards our foreign and as regards our
domestic policy.
with a nation as with a man the most
important things are those Of the house
hold and therefore the country Is espe
Cinlly to be congratulated on what hns
been accomplished in the direction OF pro-
viding for the exercise OF supervision
over the great corporations and comblna-
tons Of corporations engaged In inter
state commerce, The Congress has ere
ated the Department of Commerce and
Labor. including the Bureau OF Corpora
tons, with for the first time authority TO
secure proper publicity of such proceed
ings Of these great corporations rs the
public has the right to know. 1t has pro-
vided for the eNpediting 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 forward in making effective
the work Of the Interstate Commerce
Commission.
Department Of Commerce and Labor.
The establishment OF the Department
of Commerce and Labor. with the Bureau
Of Corporations Hereunder. marks a real
advance in 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 tho wisdom Of its creation. Pub
llcity in corporate affairs will tend TO do
away with ignorance and VIII afford
facts upon which intelligent action may
be taken. Systematic. Intelligent iuycs-
tiEauon is already developing fccts the
knowledge OF which is essential to right
understanding Of the needs and duties 81
the business world. The corporation
which Is honcitly and fairly organized.
whose managers In the conduct Of Its
business recognize their obligation 10 deaf
r-uarely with their stockholders. their
competitors. and the public has nothing
TO fear from such supervision. The pur-
pose Of this bureau Is not to embarrass
or assai legitimate business. hut 20 aid
in bringing about n better Industrial con-
dltIon-a condition under which there
shall be obedience TO law and recognition
of public obligation by all corporations.
merce and Labor win 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 pcTiectinE our trans
portatlun facilities. w building mp our
merchant marine, IN preventing &c an
trance OF undesirable immigrants. iu Inn
proving commercial and Industrial Cunll.
tons, and In bringing together on COM
mon ground those necessary partners In
Industrial progrcuz- capital and labor,
Commerce between the nations r. stead
fly growing In volume, and the tendency
Of the times Is toward closer trade rcln.
tons. Constant watchinlness H. needed
TO secure TO Americans the chance 60 par.
ticipatc 20 the best advantage IN foreign
trade; aud We may confidently expect
that the new department Will Justify the
expectation Of It's creators by the oNcr-
else Of this watchfulness as well ns h7
the buAincsglikc administration 81 such
laws relating to our internal Affairs Ne
are intrustcd 20 it, care
In cnlctinF the laws above enumerated
the Congress proceeded on sane and con-
scrvatvc lines Nothing revolutionary
was attempted; but a common-scnEc and
successful EFFORT was made In the dirgc-
l tion OF seeing that corporations are 20
| handled as to fubscrYe the public good
/ The legislation WAS moderabe, II WAS
J characterized throughout by the idea that
I We were not ATTACKING corporations, but
| cndcaynrinE 20 provide for doing away
/ with any evil IN Them that We drew the
/ line HEHlnft misconduct not against
/ wealth. gladly recognizing the great good
| don" by capitalists who alone or in
| conjunction with his fellows. does his
/ work along proper ana legitimate lines
! The purpose of the legislation. which pur.
pose Will undoubtedly be tulAlled. WAS 90
favor such Il man when be does well, and
I 10 supervise his action only t1 prevent
him from doing ill Publicity can do no
harm 90 the honest corporation IHr
only corporation that has gaufs 10 dread
u II the corporation which uhrlukF from
| the light and about the welfare o. such
( corporations We need not bo oVrrFsnsltiNr
4 The work Of the Department Of Com.
f1ercc aud Labor has been conditioned
upon this theory Of recurring fair treat
mout alike Tor labor and Tor capital
Capital and Labor.
The consistent policy OF ths national
government. 30 far nH Il has the plWrr.
in 10 hold ln check the interruptions man.
whether employer or Dmpl,yp. buI 60 to-
fuse 90 weaken Individual initiative ur
10 hamper or crnup tho Industrial dTyrI.
opmout OF tho country We recognize
that this 10 an era Of freedom and com.
hlnntion, In which great rapitattstIr raFs
factors Of tremendous importance 100 an
Industrial ContUrr. Hearty recognition h
given The faf.rcachlnP btnrnrsni Wpf,
which has been accomplished through
both corporations and unions aud the
line M between different rurtipF4tiDpa
~ between different unions IL drawn AH
Il In between different individuniH: thar
Il, II u drawn on conduct, the effort be-,
Ing 10 treat both organised rnptI and
organized labor alike aHklnE NOTHING
save the interest Of each shall b. brUurhi
into harmony WIN the Interest NJ ths
general public, ana that tho conduct ul
each shall CONFORM a. the fundamental
rules % obedience 90 law, NJ indlyldunI
freedom. and OF iuHtico ana fnlr drnlIuH
towards all Whenever either g4fpnru,
ton, labor union. or individual diHrr,
Enrfn the Law OF acts In "a spirit OF arhll
trafY ana tyrannpuH Interference Will
/ the rights Of others whether CORPORA
tons or individuals then whor,f the
/ Federal Government hnH Jurisdiction, Il
VIII zen tu u That the misconduct Il
stopped, paying not The slightest heed a.
tho position NJ power Of tho corporation
the union nr tho Individual, but only &c
dnn Vital fnrtathnt h. Tho question Whnth
Of or MT the conduct Of the Individual
or aggregate ~ individuals h IN ar
curdanro with tho Law ~ the lend Even
man must De- guaranteed hi1 liberty and
lls rlrht tn DO nr In likes with hlr mon
rfty or Me labor 30 long nH he dnDr mol
infringe tho tiahts NJ nihrra So DuU .
above the inv ana mo- man H. below ~
nor De- w nHk amy mans psfmlFHinb whsi
we require him 10 obey n Obedience 4.
me law ~ drfnand'd HH right, not uako,
ah a favor
Receipts and Expenditures.
Prom all sources. exclusive Of Tho pos
,ai service. the fscrpih " tho govern
nfnt fof the last nfcnl yelf aggregated