The Hawaiian gazette., 1903-12-18
PRESIDENTS MESSAGE.

Washington. Dec. THE presidents
message has been transmitted to con.
gress Its principal features are as fol.
lows:
The country is to be congratulated
On the amount Of substantial achieve
ment which has marked the past yeal
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
II especially to 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 to know. 1t has provided for
the expediting of suits for the enforce.
ment Of the federal antitrust law, and
by another law it has secured equal
treatment to all producers in the trans.
portation of their goods, thus taking
q 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 ere.
alton. Publicity in corporate affairs
will tend 10 do away with ignorance
and VIII afford facts upon which intel.
liseht action may be taken. Systemat
&c, intelligent investigator 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.
lied, whose managers In the conduct
Of its business recognize their obliga.
ton to deal squarely with their stock.
holders. their competitors and the pub
lie, has nothing to Fear from such su.
pervision. The purpose Of this bureau
Is not 20 embasrass or assail legitimate
business, but to aid in bringing about
q better Industrial conditional condi
ton uEder which there shall be obedi.
ence to law and recognition of public
eeigation by all corporations, great or
email. The department of commerce
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
and foreign markets, in perfecting 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 it has the power,
is to hold in check the INSCRIPTIONS
man, whether employer or employee, but
to refuse to weaken individual initia.
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, beneficent work which has
been accomplished through both cor
porations and unions, and the line as
between different corporations, rs be.
tween different unions, is drawn as II
Is between different Northumberland
is, it 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 in.
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 OF
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 1t will see to 1t 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 moi
the conduct of the individual or aggre
gate of individuals is in accordance
with the law of the land. Every mar
must be guaranteed his liberty and his
right to do as he likes with his prop
erty or his labor 80 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
eminent for the last fiscal year aggre
gated $500, 396,674. The expenditures
for the same period We're S506,099O07
the surplus for the fiscal year being
S54 1897, 667. The indications are thai
the surplus for the present fiscal yeal
will be very small, If indeed there bt
any surplus. From July to November
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