The Morris County chronicle., 1903-12-11
PRESIDENTS MESSAGE.


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 year
both as regards our foreign and as re
CARDS our domestic policy.
With a nation as with a man the
most important things are those of the
household, and therefore the country
is especially to be congratulated on
what has bsen accomplished in the di-
rection Of providing for the exercise Of
supervision over the great corporations
and combinations of corporations ell
gagged in interstate commerce. The
congress has created the department
OF commerce and labor. including the
bureau OF corporations, with for the
first 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 eXnedi5ing of suits for the enforce
ment or the federal antitrust law. and
by an05her law it has secured eJual
treatment 70 all producers in tie trans
portation of their goods, thus taking
lons stride forward III 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 its ere
alton Publicity in &C Dorate affairs
will tend to do away with ignorance
and VIII afford facts up0n which intel
ligent action may be taken. Systemat.
ic, intelligent investigation is already
developing facts the knowledge OF
whiel is essential to a 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 oBiiga
tion to deal squarely with their stock
holders their competitors and tie pub
lic. has nothing to fear from sutA SUI
perylsion. The purpose Of this bureau
IS not TO cmbarrass or assafl legitimate
business but TO aid in bringing about
a better Industrial condition condi-
ton uRdeF which there shall be 0bedi-
ence 70 law and recognition o ablic
obligation by all corporations. P8f or
small The department of commerce
and labor win be not only the clearing
house for information regarding tht
business transactions Of the nation. but
the executive aim Of The government
to ai4 ia str nag eur domestic
and foreign markets. I'm peufecting our
TRANSPORTATION facilities, in buildiIl@ prf
our merchant marine. lid preventng fho
entrance of undesirable Immigrants. IN,
improving c3nmerehl ana iudas risi
conditions aud in bringing together ou
common ground those necessary part
nals in Industrial r02goss-capital ANA
labor
Capital and Labor
The consistent policy of Ap nafioBa
government, so far as it has the nofrea
is to hold in check fhp unsernnulau
man, whcshea employer OF eIuDiovee. bul
TO refue to weaken individual In tia
tive or 10 iautpel- or crqtnp rlg, rgl4s
trial development Of the country. wa
recognize tlae this is am era Of fed0ra
ton and combination. in which srent
capitalistic co;T0rations and labor IN
ions have become facto S of trempndou
Importance il all industrial centors
Hearty recognition is given the far
reaching. bencficent work which has
been accomplished through both coy
porations aud unions. and the line a,
between different corporations. as b.
tween different unions. is drawn ms Il
is between different individuals tha,
is. it is drawn on conduct the effort
being 10 treat both organized capital
ana organized laDor alike. asking moth.
ing save that the interest OF each shall
he brought into harmony with the in
terest OF the general public and that
the conduct OF each shall conform 10
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 or
individual disregards the law or acts
in 4 sDlrlt Of arbitrary and tyrann0us
interference with the rights of others
whether corporations or individuals
then Where the federal government has
jurisdiction it will see to it that the
misconduct is stopped. paying not the
slightest heed to the position or power
of the corporations the union or the in
divdual, but cnly to one vital fact
that is. the question whether or not
The conduct of the individual or aggre
gate OF Individuals is in accordance
with tnr lniV Of fhn land ENNrX man