The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-04-04
THE PRESIDENT ON TRUSTS.
HE rs PLEASED At WHAT HAS
BEEN DONE TO BUST ,EM.

waukee Audience the Two Ycars' Hin.
tory Of the Busting Buslness--Be Lead
German Song and Makes q Soon
ing Reference 20 the Dewey Interview.
MILWAUKEE. Wis, April s.--After q
morning Of minor speechmaking and an
afternoon OF Milwaukee welcoming %
hearty that IL was almost hilarious, thu
President delivered himself tonight Of
history Of trust-busting as he has seen
It, The speech was made at a banquet
In the Plankinton Hotel.
1t was apparent from the Presidents
manner In delivering the speech that be
regarded what he said az a complete justi-
fcation for his economic pronounoements
and policies In the last two years. The
audience received the speech with an
parent approval. The President said:
PRESIDENT RoosKvKLr's SPEECH ON rnusn.
Ma, 1oAsTMAsTEa. GENTLEMEN To-day. Z
wish to speak to you on the question OF the
control and regulation Of those great corpora
tons sn,. which are popalarly, aithSush rather
with what has actually been accomplished
In tho way OF LEGISLATION and ip the way Of
e eIgSn no 81 eSsatlo1 during the past
sessions Of the Fifty-seventh Congress Al
the outset i shall ask YOU to remember that
standpoint Of those who speak OF themselves
as ANTITRUST or anti corporation people, nor
yet from the standpoint OF those who are fond
or who apparently proceed upon the a.sump-
ton that II corporation IL large enough IL can
think speak for the great majority OF the
American PEOPLE when say that we are not
In the least AGAINST wealth as ouch whether
individual or oorporate-that we merely desire
nr -
wealth corrected and remedled: but We DO
not desire the abolition or destruction Of big
them as being in many "V cases s ef,cisSt eoo.
process Of economic evolution. and only
desire TO see them regulated and controlled
public good. We should Be- fsiss 70 ths Sis-
sSTs nsssp sh 81 GS Or . S
q either his wealth or his poverty. There
os %ss IS et the poser
wrong bis nsisSbors. nor yet 7 Tor SI fSs d.ns-
s6usss as ali abuses should Be sttscisd
wherever found, attacks properly. atta0ks
pssosPssrityi attacks men Of WEALTH e. suoh.
porations whether. they do well or III. and
; ;ssess II spirit Of ignorsnt rsncor q over:
t ar ths very hoSnd,ions upon which rests
70 cSSssaasne. 0s u the ..tr.ordip.ry In
d du cnangess q re last half century.
mainly s0 r 81 atty ana CON-
fssassd wiz p!SSis%s xIticS q ssslr ps.sss 80
concentration o. population and Of wealth,
ssSeopmsDs " sns in q issd :aa
. fool.S % isnSss sS he f sS3s !: wi ~iis
The evil has been partly the inevitable
SSsrs thIss the cas-. i can Be cured neither IT. 81
only remedy lying IN the slow change o. Char.
acter and OF econ mic environment, But for .
p s%.Si.s Of cs the be sv az think tsss
dan ger Of false remedies. and We are against
all violent. radical and unwise change. But
Rsfye r . by nns sSN s
and also With firm determination not TO bs
swerved from our course either by foolish
v. can secompish much for TIE bst aaSSni
OF conditions. =
Nearly two years sso speaking at the STATE
the fortunes tina, now exist in this oousify lave
been sS:s;ed not BY in,iyns our people but
upon the community. and this no matter what
may .l have been the conselou: puIpo:e q thoss
cation for most Of the outory against The rnsr OF
wealth =, such; and 4 ought 70 be unnecessary %
lead, 70 suspicion and hatred among ourselves.
which tends 70 limit opportunity. and therefors
talent. and. hnally. which entails the possibility
q lswlessness and violence Is an attack upon the
Our Interests are at bottom common: IN The ioac
run we 20 up Or go down together. Yet more and
ne nation. has got 70 possess The Hight Of super
vision and control as regards the sreat eorporsSsrs
great business combinations which derive Z portion
1f their importance from the existence Of come
res.e With caution snd sai sn SS haul
,xst 30 that II may be invoked n the need srisss.
Last fall. In speaking at Cincinnati. said,
rmy believe as he only n aea oSn ~ atss
ne real evils o. the trusts, must come threueh
hail aim IN the inst place to give asnniss oons acs
.o% one, sossne r. Sysr .he sre., eorpor.on
.nment the full KNOWLEDGE which is the essential
o1 ~ .s,CI Then When tbs Ipovsds.
.ny Elna are Necessary can be taken With The con.
VIA, should and can be done in he matter. We
,btalnable only after constitutional amendmens-
most prominent feature of which al nrst sSovId
,e publicity that is, the making public both 70 ths
be sss IL which che she
his would give us exact knowledge OF many polnta
sSS SH SSSs eS x. 'as .: ssS
" the publication would cure some VERY gravO
wills. for the light OF day Ii . deterrent 20 vfune.
loing. lt would doubtless disclose other sv1Is
With which. for the time being We could dsvise
isn spea Viii : .SSs S:e s; s
legislative action.
In my message to Con sress for 1901 said:
In the Interest OF the whole people the nasion
hould, without interfering with the power Of thS
upervision and regulation over al corporstions
ding an Interstate business.
The. views thus expressed have now ~
eived effect by TIE WISE conservative and
ct far-reac Ing legislation enacted by Con-
ress at its last session.
THE DEPAerMgSr OF COMMERCE,
In Its wisdom Con gress enacted the very
important law providing Department Of
,ommerce and Labor. and furtler providing
nd Labor for a Commissioner. Of Corpora
ions. charged with the duty OF sup~rvfsiou
{ and OF making Intelligent investtga tion
nto the organization and conduct OF cor.
or atoms engaged In Interstate commerce..
Us powers to expose illegal or hurtiui prac.
or the purposes Of further iut slligeDt legisis-
ion seem adequate; and the publicity jus
liable and proper for public purposes IL
guaranteed, Tie law was
assed at tie very end Of the session OF Con.
ress. Owing TO the lsteness OF Its pss-
oupment for tle new Depsrtmcnt., and the
the work OF organization, and the first
1yesiigations must necessarily be OF Q ten
alive character The satisfactory develop.
1ent Of such a system requires time and
he sdministration Of tie new law viii as
uredly administer II n N shirt Of shsoiIte