Evening journal., 1904-09-12
PRESIDENT ROOSEVELT
ARRAIGNS DEMOCRACY

ana verdict OF the business WOri0 ana
in sound monetary system as matters
OF principle-as matters not OF none
tary political expediency. but Of per
manent organic policy. The record of
the last seven years proves that the
party now In power can be trusted 20
take additional action necessary TO i'm
prove and strengthen our monetary
system and that our opponents cannot
be so trusted. The fundamental fact Is
that IN a popular government such as
ours no policy is irreyocably settled by
law unless the people keep in control
Of the government men who believe in
that policy as a matter OF deep rooted
conviction. Laws can always be re
voked. IL is the spirit and the purpose
OF those responsible for their enact
ment and administration which must
be fixed and Interchangeable. II Is idle
70 say that the monetary standard OF
the nation is irrevocably fixed so long
as the party which at the last election
cast approximately 40 per cent Of the
total vote refuses to put in its plat
form any statement that the question
is settled A determination to remain
silent cannot be accepted as equivalent
TO a recantatlon.
AS for what our opponents say I'm
reference TO capital and labor, individ-
ual or corporate here again all we
need by way OF answer is TO point to
what we have actually done and to say
that II continued in power we shall
continue 10 carry out the policy we
have been pursuing and TO execute the
laws as resolutely and fearlessly in the
future as we have executed them in
the past.
The Trusts.
The action of the attorney general In
enforcing the antitrust and interstate
commerce laws and the action OF the
last congress i'm enlarging the scope Of
the Interstate commerce law and in
creating the department Of commerce
and labor with bureau Of corpora
tions, have for the first time opened a
chance for the national government 20
deal intelligently and adequately with
the questions affecting society. wheth-
er for good OF for evil, because Of the
accumulation OF capital in great corpo-
rations and because Of the new rela-
tons caused thereby. These laws are
now being administered with entire ef-
fciency, andlas in their working need
Is shown for amendment or addition 70
them, whether better to secure the
proper publicity or better 10 guarantee
the rights Of shippers or in any other
direction. this need will be met.
IL is now asserted that the common
law ms developed affords a complete
legal remedy against mOnopOlies' Blu
there is no common law of the Unite'
States It's rules can be enforced onl.
by the state courts and officers. N
federal court or officer could take an
action whatever under them. II wa
this fact. coupled with the inability g
the states to control trusts and monoI
olies. which led TO the passage of III
federal statutes known as the She
man antitrust act and the interstat
commerce act, and IL is only throug
the exercise Of the powers conferred b.
these acts and by the statutes OF til
last congress supplementing them thn
the national government acquires an,
Jurisdiction over the subject To sa,
that notion against trusts and monopo
lies should be limited 10 the applicn
ton Of the common law Is equivalen
to saying that the national government
should take no action whatever to reg
ulate them.
Undoubtedly the multiplication o
trusts and their increase In power hav
been largely due TO the failure OF OF
cials charged with the duty Of enforC
ing the law 10 take the necessary pre-
cedure" Such structure upon the fal
ure Of the officials OF the national gov