Rogue River courier. (Grants Pass, Or.) 1886-1927, 1903-12-10
PRESIDENTS MESSAGE.

lows:
The country is to be congratulated
on the amount Of substantial achieve
ment which has marked the past yeai
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 OF
what has been accomplished in the di
rection Of providing for the exercise OF
supervision over the great corporations
and combinations of corporations en-.
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 expediting of suits for the enforce
ment of the federal antitrust law, and
by another law it has secured equal
treatment to all producers in the trans.
portation of their goods, thus taking
long stride forward in 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 corporate affairs
will tend to do away with ignorance
and will afford facts upon which intel.
ligent action may be taken. Systemat
ic, intelligent investigation is already
developing facts the knowledge OF
which 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 obliga.
ton to deal squarely with their stock.
holders, their competitors and the pub
lie, has nothing to fear from such su-
pervision. The purpose of this bureau
is not to embarrass or assail legitimate
pNoAhtocf bul " ulh III uUOul
a better industrial condition-a condi.
tion under which there shall be obedl.
ence TO law and recognition of public
obligation by all corporations, great OF
small. The department 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 perfectlng oul
transportation facilities, in building W
our merchant marine, in preventing the
entrance of undesirable immigrants, in
improving commercial and industrial
conditions and in bringing together OIL
common ground those necessary part
ners in Industrial progress-capital and
labor.
Capital and Labor
?he consistent policy of the nationa
government, so far as it has the power
is to hold in check the unscrupulou,
man, whether employer or employee, bu
TO refuse to weaken Individual inita
tive or to hamper or cramp the indus
trial development of the country. W,
recognize that this is an era of fedora
oni.oiie.,s @ " siUi'' in W men slea
d - -. O' . ''-Vii' u,'u iapoi ui
,uanortanoa ~ " ~ IN -, ,.a',n' ~ 'ieNienuou ~
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vi tne Voipo. "uo,' .ie uiiion vi '.e ~
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must pe suaIoii'eeu nis iiDeig anu ~
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erty OF MS laoor 80 lols as ne uoe
not infringe the risn's Vi o'neIs'
Government Receipts and Eapend
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From all sources eAciusise VI u
fNSAN' SN''+NN