Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1905-11-16
ROOSEVELT GIVES
SHOULDER BLOWS
Message, Just Com
pleted, Full of Jolts
and Jars.
RATE REGULATION FEATURE
Deals With Insurance and
Graft in High Places-.-Re-
form the Watchword.

SAAS w Os
Chicago, ILL.,, Nov. 1G.--John Callan
OLaughlin, one of the Tribunes
washington correspondents has Sc.
cured a summary of the message that
President Roosevelt will send to Con.
gress.
The message contains about 10000
words, and would fill five pages of the
New Mexican. 1t treats on a variety
OF subjects, but the feature is the Pres
ident's position on rate regulation.
His message may be summarized as
follows:
RAILROAD RATE REGULATloN-
This is the most prominent feature Of
the message The President has point
ed out in great detail the evils now
existing and the necessity for their
eradication. AS remedy he proposes
that the interstate commerce commits
sion shall be authorized in declaring
a rate to be unreasonable, to declare
at the same time what is a maximum
reasonable rate, and to make an order
requiring the offending railroad to re-
duce it's rate to that maximum.
He further recommends that in Or
der to insure obedience to the order,
the law contain penalty, but that op-
portunity be reserved to the company
to appeal to the federal court, whose
decision shall be final The maximum
and reasonable rate fixed by the COM
mission, however, shall enter into
force upon it's declaration. The Pres
ident also seeks the regulation of the
private car and terminal interests so
that discrimination OF, rebates in any
form shall be impossible.
NSURANCE-The President has
handled this subject without gloves,
referring to the revelations made dur
ing the inquiry in New York as evi.
dence Of the great need OF federal
supervision. In the discussion OF this
subject, the President has been ham
pered by the general belief prevailing
among men versed in law that federal
supervision is unconstitutional But
the President believes the quickest
way to settle this is to enact legisla
tion, and if the supreme court decides
the act of Congress to be uncOnstltu
tional to amend the constitution.
coRPoRATloNs-This is a subject
which has been given serious consid
Grafton by the President. He believes
corporations should be managed with
due regard to the interests OF the
public as a whole. He has expressed
this belief in his message and has rec
commended proper legislation by Con
gress. In this connection, attention
IS called to prosecutions which have
been conducted by the department o.
Justice, particularly the beef trust cas-
es. The President describes what has
been done to punish the men who tool
mart in this combination. Railroad
prosecutions which have been beguI
in St Louis and Milwaukee and which
involve number of roads are also re
ferred to in connection with the &C
tiyity of the department of justice il
enforcing the existing statutes.
PANAMA CANAL-The Presiden
expresses confidence in Chairman
shonts and staff now building the ca
nal. and describes the work whlcl
has been done up to date, accounting
for the expenditure of $lo,OOo,oo
placed at his disposal when the pre-
iect was undertaken. The Presiden
wants more money and will urge COR
sress to authorize it. He, will ask tina
the bonds which Congress authorize
the secretary of the treasury to lssu
NAV be used by national banks as
basis for circulation which shall b
subject to tax of one quarter OF on
per cent instead of one-half OF one pc
cent. This will place these securitie
upon the same basis as the per Gel
bonds Of 1898.
The President does not want an
legislation which is calculated 10 =
strict the powers Of the executive
connection with the construclioh
the canal. This feature OF MS me
sage is not entirely completed. seer
tary Taft now is on his way back 1ro
the Isthmus. The board OF consuitll
engineers has not submitted us re
concentrations as to the type OF can
to be built, and the Panama Can
Commission has not, consequent
prepared its views upon the recol
mendation of the consulting board
present President Roosevelt does n
I contemplate reduction in the me-
bership of the commission, which
considered last spring.
IMMIGRATION - The Preside
wants laws which will prevent t
United States from serving as dun
ing ground for Europe AT the sal
time he wants fair dealing with
nations, and has devoted consideral