Mexico weekly ledger., 1903-12-10
THE MESSAGE
TO CONGRESS-
President Roosevelt's Annual
Communication to the
National Legislators
The lsthmisn Canal and the Pan.
anna Revolution Are Given
Lengthy Consideration
Says he Department Of Commerce and
lsbo, VIII Go Far Towards SoR.
Ing the Trust Problem
CsEs Attention 10 Undesirable lmmisrshoa-
ASKS Tor More Stringent ksturalzA-
ton Laws and EnEorcsmszt
wants Cemmfaston 60 Investfgnts
Needs Of Merchant Mnrine-Pesf
0mee and Public LaEd Frauds
Our Foreign Relations.
Says the Department Of Commerce and
l.bo, VIII Go Far Towards SoR.
ins the Trust Problem
Csas Attention 10 Undesirable lmmisrstioA-
Asks Tor more Ssrinysn; ksturaliza.
tion Laws and Enforcement
WANT Commission TO Investfgats
Need Of Merchant M~Arine-Pess
Omee and Public LaHd Frauds
Oar Foreign Relations.
TO the Senate and House Of Representa-

TO the senat and House Of Representa-
Cvez:
The country Is to be congratulate
OF the Of substantial achieve
ment which has marked the past year both
es regards our foreign AM as regards our
Domestic policy.
With a nation as with a man the most
Important things are those Of the house
hold, and therefore the country is espe-
cially to be congratulated on what has
been accomplished IN the direction OF pro-
vioing for the exercise OF supervision over
theg great corporations and combinations
Of corporations engaged IN interstate COM
msrcs. The congress has created the de-
pertrnent Of and labor, includ-
Ing the bureau Of corporations, with for the
nrst time authority TO secure proper pub
betty of such proceedings Of these great
corporations as the public has the right
10 know. II has provided for the expedite
Ing Of suits for the enforcement OF the FED
erai antitrust law; and by another law
cucers In the transportation Of their goods.
thus taking a long stride forward In max
Ing effective the work Of the interstate
commerce commission,
Bureau of Corporations.
The preliminary work Of the bureau
Of corporations In the department has
shown the wisdom Of Its creation Pub
licity In corporate Affairs viii tend 20 DO
away with ignorance and Will AFFORD
faotR upon which intelligent action may
Be taken. Systematic. intelligent inves-
tiEatton is already developing facts the
knowledge OF which Is essential 10 a right
understanding Of the needs and duties
which il honestly and fairly organized,
whose managers tn the conduct Of It's
business recognize their obligation 20
deal ~sQuarely With their stockholders,
their competitors, and the public. has
nothing TO fear from such supervision.
The purpose Of this bureau IL not 90 EN-
barraEx or nssail legitimate business. but
10 aid In bringing about a better ndus-
trial conditions condition under which
there shall be obedience 20 law and rec
Ggnition OF public obligation by all cor.
porAtiuna. great or small. The depart
ment 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 sid in strengthening our
domestic and foreign markets, IN perfect
ing our transportation facilities. IN build.
ing up our merchant marine. In prevent
ms the entrance Of undesirable imni
grants. in improving commercial aud in.
dustriAl conditions. and IN bringing torethrr
on common ground those necessary part
ners In Industrial progresscapital and
labor. Commerce between the nations
tendency OF the times is toward closer
trade relations. Constant watchfulness
II needed TO secure TO Americans the
chance TO participate 10 the best Advan-
tage in foreign trade; n we may conf
IDENTIFY expect that the new department
will Justify the expectation Of It's ere.
ators BY the exercise OF this watehful-
..a.-tE.sasa ef such Laws relating to our
internal Affairs as are snsrustea 20 its
care.
Capital and Labor.
The consistent policy Of the national gov
eminent, 50 far as IL has the power, Is to
hold In check the interruptions man.
whether employer or mplOy but 10 re-
fuse 10 weaken individual initiative or TO
hamper or cramp the industrial develop
nsnt OF the country. We recognize III
this is an era Of federation ard combina- |
ton. In which great capitaiistic corpora
tons and labor unions have become factors
o. tremendous Importance In ali Industrial /
eensers. Hearty recognition is given The
far-feaehing, benehcHnt work which has /
been accomplished through both corpora |
tons and unions, and the line as between
dinersht corporations. a betW cen different |
unions, Is drawn as II Is between different
individuals. that Is. Il is drawn on con
euct the effort being TO treat both organ /
ized capital and organized labor alike; ask
Ing nothing a that the interests Of each
snail be brought int harmony with the |
interests Of the general public, and that
ths conduct OF each shall conform TO the
fundamental rules OF obedience to Law, OF
Individual freedom, n 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
rnmen has jurisdiction, Il will see 10 Il
that the misconduct is stopped. paying not
the slightest heed to the position or power
Of the corporation, the union or the indi-
stduai. but only to one vital fact-that Is,
the question whether or not the conduct
OF the Individual or aggregate Of indlvld-
nais IL N 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, 50 long az
BE does not Infringe the rights OF others.
No man Il above thefav and no man is be-
lev y; nor DO We ask any mans permis-
sion when We require him to obey Il. ODE
dienoe 20 the law Is demanded as a right:
not asked as a favor.
Receipts and Expenditures.
From all sources. exclusive OF the post
81 service. the receipts Of the government
lor the last fiscal year aggregated $3.50. 80, ga
were ts&.nes. o07. the surplus for the hscai
year being e4.Sgi.C e1. The Indications |
are that the surplus for the present fiscal
pear VIII be very small. n. Indeed. there
Der the receipts from customs we're, ap- |
~proximately, 5000. GO less than the re-
ceipts from the same source for a CORE
spending portion OF last year. Should
throughout the fiscal year. the surplus
would be reduced by, approximately. /
-. e0.oo Should the revenue from Gus
toms suffer much further decrease dur.
vanish.
Financial Liquidation Not keeded
The integrity Of our currency is be
yond question, and under present coudi-
Il would be unwisa and unnecessar,
% attempt a reeonstruetion Of our en-
cry should be granted the secretary Of
me treasury TO deposit customs re-
ceipt as is granted him In the deposit q
feesipts from other sources In my mes