La Junta tribune., 1903-12-12

President Rosevelt's message to the
second session OF the Fifty-eighth Con
&ress is substantially as follows:
70 the Senate and House Of Represen-
tdttces:
With n nation as with q man the most
important things are those of the house.
hold. and therefore the country Is espe-
VAliy to be congratulated on what has
kp accomplished In the direction OF pro-
Ming for the exercise OF supervision
over the great corporations and combina-
tions Of corporations engaged in inter-
vDte commerce. The Congress has Gre
led the Department OF Commerce and
Tabor. including the Bureau Of Corpora
lions, with for the hrst time authority TO
secure proper publicity of such proceed
ings OF these great corporations as the
public has the right to know. II has pro-
vtded for the expediting of suits Tor the
enforcement OF the Federal antitrust
,Aw: and by another law It has secured
<lual treatment to all producers In the
importation OF their goods. thus taking
ong stride forward In making effective
work OF the Interstate Commerce
mmisyion-
apartment Of commsres and Labor.
The establishment OF the Department
IN Commerce and Labor. with the Bureau
OF Corporations Hereunder. marks = real
advance In the direction Of doing all that
10 possible for the solution of the questions
vitality Affecting capitalists and wage
workers.
a Functions Of New Department.
The preliminary work of the Bureau
e Corporations in the department. has
shown the wisdom Of Its creation. Pub
licify in corporate Affairs will tend to do
away with ignorance. and viii AFFORD
fncts upon which intelligent action may
~ taken. Systematic. intelligent fnves-
tigAtfon 10 already developing facts the
knowledge Of which IL essential to right
Vpderxtanding OF the needs and duties OF
which IL honestly and fairly organized.
whose managers In the conduct OF fts
business recognize their obligation to deal
squareiy with their stockholders. their
competitors. and the public. has nothing
TO feaS from such supervision The pur-
pose d this bureau Is not to eubarrass
cr assai1 legitimate business. but TO aid
- bringing about n better Industrial con-
dition--a condition under which there,
shall be obedience to law and recognition
Of public Obligation by all corporations.
great or small. The Dcper:men of Com
merce and Labor will be not only the
clearing house for Informal tion regarding
the business transactions Of the nation
but the executive arm Of the government
20 aid In strengthening our domestic ana
foreign markets. In perfectinG our trans
poriafion facilities. In building up our
0crchant marine. In preventing the en-
proving commercial and Industrial condi-
tions. end in bringing together on COM
mon ground those necessary partners In
Industrial proEress-capifal ana hoor.
Amfnerce b-tween the nations ~ stead
~ growing h volume and the tendency
q the times r. toward closer trade rela-
t1ons- Constant wafchfuiness IN needed
% secure to Americans the chance TO par
tic4pate to the hest advantage in foreign
trade: and we may confidently expect
that the new department will justify the
expectation Of its creators by the exer-
else Of this watchfuiness. as well ~ by
the businesstike administration OF such
laws relating to our internal Affairs -
are intrusted TO its care
In enacting the laws above enumerated
eNs Congress proce >ded on sane and con-
oervative lines. Nothing revolutionary
was attempted; but = eommon-sense and
ouccessfui effort was made In the direc-
den Of seeing that corporations are so
handled a. to subserve the public good
The legisistion vas moderate IL vas
characterized throughcst BY the S6ea that
endeavorias to provide for doing away
With any evil In them: that ws drew the
uao against misconduct. mot against
wealth. gladly recognizing ths grsat goo1
eonJunction Win his fellows. does his
Work along proper and legitimate ffnea
The purpose Of the Ieg1slatioa. whseA pof-
psss WnI undoubtedly b. fulnIled. vas -
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e superviss his action saly - prevent
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