The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1903-12-11
Says the Department Of Commerce ard
Labor Will Go Far Towards SoIv.
ing the Trust Problem.
Gals Attention to Undesirable Immisration-..
Asks for More Stringent NaturaIizz-
ton Laws and Enforcement
wants Commission to Investigate
Needs of Merchant Marine-Post
Onice and Public Land Frauds
Our Foreign Relations.


TO ;he Senate and House OF Representa-
t.ves:
The country is 10 be congratulated
On the amount OF substantial achieve
ment which has marked ne past year both
as regards our foreign ana regards our
domestic policy.
With a nation as with man the most
important things are those OF the house
hold. and therefore the country is espe-
cialiy to be congratulated on what has
been accomplished IN the direction OF pro-
vid.ng Tor 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 TIE bureau Of corporations. with for the
nrst time authority TO secure proper pub
licity Of such proceedings OF these great
corporations as the public has the right
20 know. IL has provided for the expedite
5ng OF suits for the enforcement of the fed
erai antitrust Law. and by another law
81 has secured equal treatment 10 all pro-
thus taking long stride forward in max
ing effective the work Of the inters tate
commerce commission.
bureau of Corporations.
The preliminary work OF the bureau
OF corporations in the department has
shown the wisdom Of its creation. Pub
iicity IN corporate AFFAIRS viii tend 10 do
away with Ignorance, and Will AFFORD
facts upon which intelligent action may
be taken. Systematic, intelligent lnves-
t.gat!on is already developing facts the
knowledge OF which Is essential to a right
understanding OF the needs and duties
OF the business world. The corporation
which Is honestly and fairly organized.
whose managers In the conduct of its
deal squarely with their stoc kholders,
their competitors, and the public has
nothing 10 fear from such supervision
The purpose OF this bureau Is not TO en-
barrass or assSil legitimate business. but
20 aid In bringing about better indus
trial condition. condition under which
- hall s.t. L.
.ognition of public obligation by all cor
porations. great or small. The depart
rnent 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 perfect
ing our transportation facilities. in build
ing up our merchant marine, in prevent
ing the entrance OF undesirable immi-
grants. in improving commercial and in
on ccramon ground those necessary part
ners In industrial progress-capital and
labor. Commerce between the nations
is steadily growing in volume. and the
tendency OF the times is toward closer
trade relations. Constant watchfuiness
IS needed 70 secure to Americans the
tage in foreign trade. and we may conf
IDENTIFY expect that the new department
will justify the expectation OF It's Gre
.ators by the exercise OF this watchful-
ness. well as by the businesslike ad-
mInistration OF such laws relating TO our
internal affairs as are intrusted to its
care.
Capital and Labor.
The consisten, policy OF the natlona, gov
eminent. 80 tar as II has the power. Is 10
hold In check the unscrupulous man.
fuse 10 weaken individual initiative or TO
hamper or cramp the industrial develop
ment OF the country. We recognize that
this Is an era OF federation and combina-
ton. In which great capitalistic corpora
tons and labor unions have become factors
OF tremendous importance In al Industrial
eenters. Hearty recognition is given the
far reaching. bereficent work which has
bean accomplished through both corpora
tons and unions. and the line as between
different corporations. as between different
unions, Is drawn as IL Is between different
individuals, that Is, II is drawn on con-
duct. the efror; being to treat both organ
lied capital and organized labor alike. ask
ing nothing save that the interests OF each
shall be brought into harmony with the
Interests 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 justice and
fair dealing towards all Whenever either
corporation. labor union or individual dis
regards the law or acts In a spirit Of ar
bitrary and tyrannous interference with
the rights OF others. whether corporations
or individuals. then where the federal gov
eminent has Jurisdiction. II will see to II
that the misconduct is stopped. paying not
the slightest heed to the position or power
OF tue Corporation, tHc uuioH VI ths AHui-
vidual, but only to one vital fact-that -.
the question whether or not the conduct
Of the individual or aggregate OF individ-
uais u In accordance with the Law OF the
land. Every man must be guaranteed
his liberty and his right TO do as he likes
with his property or his labor. 80 long as
he does not infringe the rights OF others
No man IL above the Law and no man Is be-
low IL. nor do we ask any mans permk-
rSicn when we require him 10 obey II. Obe-
dence TO the law Is demanded rs right;
not asked as a favor.
Receipts and Expenditures.
From all sources. exclusive OF the post
al service the receipts Of the government
for the last fiscal year aggregated $500. $50 81.
The expenditures for the same period
were sos. oss oo7, the surplus for the fiscal
are that the surplus for the present fiscal
year will be very small N, indeed. there
be any surplus. From July 70 Novem-
Der the receipts from customs were. APP
proximately, 5000 90 less than the re-
ceipts from the sarte source for corre-
spending portion of last year. Should
this decrease continue at the same ratio
throughout the fiscal year. the surplus
would be reduced by. approximately.
330.0Oe00o Should the revenue from GUS
toms suffer much further decrease dur
Ing tho fiscal year. the surplus would
vanish.
rlnanciaI LegislatiOn Not Needed.
The integrity OF our currency Is be-
yond question and under present condi-
tons II would be unwisc and unnecessary
20 attempt reconstruction OF our en-
tire monetary system. The same lib
erty should Se granted he secretary OF
the treasury 10 deposit customs re-
ccipts as Is granted him In the deposit "a
eeceiptS from other sources. In my m00-