The Montgomery advertiser., 1905-10-21
Visit to Atlanta Event in States History.
MAKES STOP AT ROSWELL
Heartfelt Speech at Old Home
 of His Mother.
sUncle Remus" Singled Out for Espe- s1al Honor by the President in Atlanta, and Mrs. Roosevelt
 Also Shows Him Courtesy.

0AeV
 Atlanta. Ga, Oct. 2o.-The President. visit to Atlanta today was a marked event in the history of the State oi Georgia. He was greeted on his ar. rival by her most distinguished citizens and through the day on every hand were shouted words of welcome that left no room for doubt of their sin cerity. The city was in gala attire and business was practically suspended that all might greet the distinguished guest. South Carolina, in the person of Governor Heyward. added its well come to the South in no uncertain tones.
 The threatening clouds of the early morning failed to shed their burden ei rain and although chilling wind pre- vailed through the entire day. it failed to cool the ardor of the welcome. Nu- merous extra trains brought their bur- dens of Georgians from the surround ing country and cities. adding to the citizen attendance, and 1t was esti- mated that not less than 100000 per- sons saw and welcomed the President
 At the Fair Grounds the President spoke as fohows: ttt
 Roosevelt's Speech in Atlanta.
 Here in this great industrial center. in this city, which Is typical south ern city, and. therefore, a typical Amer ican city, 1t is natural to consider ger tain phases of the many-sided indus trial problem which this generation is practically impossible to get success of any kind on a large scale without paying something for 1t. The excep- our paying heed to them; and as a rule it may be said that something must be paid ss an offset for everything we get
 This is notably true of our industrial life The problems which we of Amer lea have to face today are very serious, but we will do well. to remember that a which w we h have S to pay pay for the triumphs we have won, for the high position to SsSs haSs srs ststoSary were at aii; but I think that most of us are agreed that. to. be Backyard and sta l. ! price to pss for the aToldance of the problems in question.
 There are no. labor troubles yhare there is no work to be done by labor. There are no troubles about corpora tions where the poverty of the com munity. is such that 1t is not worth no dinculty In regulating railroads where the resources of a region are so few that 1t does not pay to build rail-
 There are many excellent people who shake their heads over the difficulties that as a nation we now have to face: save in a very partial degree, for most of the things of which they complain are the inevitable accompaniments of the growth and greatness of which we
 Now. I do not wish to be misunder- stood. do not for one moment mean rious evils with which we have to grap- pie, or that there are not unhealthy signs In the body social and polite; but not % show how foolish Optimism we we must must no less beware of a mere blind pes- sinism. There is every reason why we should be yigiiandt d m sesFGsing eo out lute in striving to remedy 1t. But at the same time we must not blind our selves to what has been accomplished lose our heads and become either hys- what is bad.
 Growth of Corporations.
 Take such a question, for instance, as the question, or rather the group of questions, connected with the growth of corporations in this country. This of individual fortunes. undoubtedly the growth of wealth in this country has had some very unfortunate accom-. paniments, but 1t seems to me that much the worst damage that people of wealth can do the rest of us is not any actual physical harm, but the aweken- vice of worshiping mere wealth. and .,rn. the man . of mere wealth: for the and hatred the men of wealth merely because they are men of wealth.
 Envy is. of course. merely kind of crooked admiration; and we often see the very man who in public Is most intemperate In his denunciation of wealth. in his private life most eager to obtain wealth. in no matter what fashion, and at no matter what moral
 Undoubtedly there is need of regula- est of the public. of these great cor porations which in modern life have shown themselves to be the most ef- are, therefore, the implements com nnonly employed by the owners of large fortunes. The corporation is the crea- ture of the state. It should always eign, and this accountability should be real and not sham. Therefore, in my judgment. all corporations doing an interstate business, and this means the great majority of the largest corpora tions. should be held accountable to the Federal government. because their with their field of action. But most certainly we should not strive to pre- vent or limit corporate activity. We should strive to secure such effective
 
 ulation over 1t. as to enable us to guarantee that it's activity will be ex- ercised only in ways beneficial to the public.
 The unwisdom of any well-meaning but misguided effort to check corpo- rate activity has been shown in str1k- ing fashion in recent years by our ex- perience in the Philippines and in Porto Rico. Our national legislators very properly determined that the is- lands should not be exploited by ad- venturers without regard to the In- terests of the people of the islands themselves. But unfortunately in their zeal to prevent the islands from being improperly exploited they took meas ures of such severity as to seriously. and in some respects vitally, to ham per and retard the development of tho islands. There Is nothing that the is- lands need more than to have their great natural resources developed. and these resources can be developed only by the abundant use of capital which of course, will not be put into them unless on terms sufflcI IentIy advanta- geous to offer prospects of good re- muneration.
 We have made the terms not merely hard, but often prohibitory, with the result that American capital goes into foreign countries, like Mexico, and is there used with immense advantage to the country in it's deelopment, while 1t can not go into our own possessions or he used to develop the lands under