The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1903-12-11
The lsthmian Canal and the Pan.
anna Revolution Are Given !
Pr Lengthy Consideration
Says the Department Of Commerce and
Labor will Go Far Towards Sow.
ing the Trust Problem.
Calls Attention to Undesirable lmmisratioa..
Asks for More Stringent Naturaliza.
ton Laws and Enforcement
Wants Commission to Investigat0
Needs of Merchant Marine-POst
ONCE and Public Land Frauds
Our Foreign Relations.

Once and Public Land Frauds
Our Foreign Relations.
To the Senate and House Of Representa-
on the amount Of Substantial achieve
ment which has marked the past year both
as regards our foreign and as regards our
domestic policy.
With nation as with a man the most
important things are those Of the house.
hold, and therefore the country Is espe-
been accomplished in the direction of pro-
vid1ng for the exercise Of supervision over
the great corporations and combinations
of corporations engaged in interstate COM
merce. The congress has created the de-
partment of commerce and labor includ-
ing the bureau of corporations with for the
r rst time m authority to secure pub
corporations as the public has the right
to know. 1t has provided for the expedit-
Ing of suits for the enforcement Of the fed
eral antitrust law: and by another law
1t has secured equal treatment to all pro-
ducers In the transportation of their goods,
thus taking long stride forward In max
Ing enectlVe the work OF the interstate
commerce commission.
Bureau of Corporations.
The preliminary work of the bureau
OF corporations In the department has
shown the wisdom Of its creation. Pub
facts upon Which inteilisent action t may may
be o taken; Systematic. inteiligent invss-
knowledge of which is essential to a right
understanding of the needs and duties
of the business world: The corporation
whose managers in the conduct Of its
business recognize their obligation to
deal squarely with their stockholders,
nothing to fear from such supervision.
The purpose of this bureau Is not to en-
barrass:or assail legitimate business, but
trial. condition. condition under which
there shall be obedience to law and rec
ognition of public obligation by all cor
ment Of commerce and labor viii VII I be- not
only the clearing house for information
regarding the business transactions of the
to aid in
domestic and foreign markets, In perfect
ing our transportation facilities in build
ing up our merchant marine, in prevent
grants, in improving commercial and in
dustrial conditions, and in bringing together
on common ground those necessary part
ners in industrial progress-capital and
labor Commerce between the nations
Is steadily growing in volume. and the
tendency Ey. ct the times Is toward closer
is needed to secure to Americans the
81 chance to participate to the best advan-
tage in foreign trade; and we may conf
will justify the expectation of its ere
ators by the exercise of this watchful-
ness ne s.. as w, well as by the businesslike ad-
internal affairs as are intrusted to its
care.
Capital and Labor.
The consistent policy of the national gov
hold in check the Inscriptions man n
whether employer or emp4oye; but to re-
fuse to weaken individual initiative or to
hamper or cramp the industrial develop
this Is an era, of federation and combina-
ton. In which great capitalistic corpora
or tremendous Importance in all industrial
centers. Hearty. recognition is given the
far-reaching.. beneficent work which has
tons and mnons ann ar fhs ,n notn CORPORA
unions, is drawn as It is between difrerent
duct, the effort being to treat both organ
lied capital and organized labor alike; ask
ing nothing save that the interests of each
a shall be brought into harmony. with the
the conduct of each shall conform to the
FUNDAMENTAL rules of obedience to law. of
fer deanr a; and Ct Justice and
regards the law or acts in a spirit Of ar
t nhntra ar and tyrannous interference with
the rights of Others whether corporations
OF lnolv1duals then where the federal gov
eminent has jurisdiction, 1t will see to it
" ina that inc MISCONDUCT Is stopped, paying not
the slightest heed to the position or power
OF the corporation. the union or the indi-
yidual, but only to one vital fact-that is
me gu question Isl whether or not the conduct
OF the individual or aggregate of individ-
uals Is IN accordance with the law of the
land; Every man must be guaranteed
ms liberty and his right to do as he likes
ne does not infringe the rights Of others
no man Is above the law and no man is be-
sion W. VIII nor u 90 we ask any mans permis-
d1ence to the law Is demanded as a right:
not asked as favor - -. -
tlg Receipts and Expenditures.
Is From all sources, exclusive of the post
a. service. the receipts of the government
The expenditures for the same : period
I were $500, 0SsO07. the surplus for the fiscal
re for tb The
Il year will be very small, if, indeed, there
be any surplus. From July to Novem-
\ ber the receipts from customs were. APP
ceipts from the same source for a CORE
spending portion of last year Should
s,thi ls decrease continue at the same ratio
e would be reduced by, approximate
3 ??3O. COO, COO: Should the revenue from Gus.
q toms, suner much further decrease dur
ing the fiscal year. the surplus would
Financial Lesislation Not Needed
The integrity of our currency lie he
6 yond question, and under present condi.
IONS II would be unWtse and unnecessary
10 20 atlempt reconstruction of our en-
& erty should be granted the secretary IF
the treasury to deposit n customs 70
scetpts as is granted him in the deposit Of
I receipts from other sources. In my mes