Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1905-08-12
NOTABLE WORDS OF
NATIONS PRESIDENT
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mInro all danger OF foreign inter
yention has ceased. and there Is at
last a prospect thar all creditors will
get justice, no more and no less. II
the arrangement Is terminated. chaos
will follow; and n chaos follows. o
er or later this government may be
involved IN serious difficulties with
foreign governments v q the island.
or else may be forced itself TO inter
yene In the island In some unpleas.
ant fashion. Under the present ar
rangement the independence OF the
island IL s~crupnlonsly respected. the
danger OF violation OF the Monroe
Doctrine by the Intervention Of foreign
powers vanishes. and the interference
OF our government IL minimized. so
that w only act In conjunction with
the Santo Domingo authorities 10 Sc
cure the proper administration Of the
customers, and therefore 10 secure the
payment Of Just debts and to secure
the Santo Dominican government
against demands for unjust debts.
The present method prevents there
being any need Of our establishing
any kind Of protectorafe over the Is.
land and gives the people OF Sanfo
Domingo the same chance 10 move on.
ward and upward which We have al.
ready given to the people OF Cuba.
II Will be doubly TO our discredit as a
nation II we fail TO take advantage Of
this chance: for II will be OF damage
10 ourselves. and, above all, II will be
OF incalculable damage 10 Santo DO.
mingo. Every consideration OF wise
policy, and. above all. every consider
alton OF large generosity, bids us
meet the request Of Santo Domigo as
we are now trying 10 meet II.
So much for one feature OF our for
eign policy. Now for ono feature Of
our domestic policy. One Of the main
features Of our national government.
tai policy should be the effort 10 Sc
cure adequate and effective supervis-
DRY and regultory control over all
great corporations doing an interstate
business. Much OF the legislation
aimed TO prevent the evils connected
with the enormous development Of
these corporations has been ineffec.
tive. partly because 1t aimed at doing
too much, and partly because II did
not confer on the government a really
efficient method Of holding any guilty
corporation to account. The effort to
prevent all restraint OF competition,
whether harmful or beneficial. has
been ifl-judged: what Is needed Is not
so much the effort To prevent combin.
alton az a vigilant and effective con
troll Of the combinations formed. 80
as To secure Just and equitable deal
ing on their part alike toward the
public generally. toward their smaller
competitors. and toward the wage
workers In their employ.
Under the present laws We have II
the last four years accomplished mncl
that Is OF substantial value; but tn
difficulties In the way have been 81
great as TO prove that further legisla
tion n advisable. Many corporation
show themselves h%onorably desirou
to obey the law; but, unfortunately
some corporations. and very wealth
ones Mt that, exhaust every effoi
which can be suggested by the highes
ability, or secured by the most LAWS
expenditure Of money. to defeat tn
purposes OF the laws on the statut
books.
Not only the men In control of thes
corporations. but the business worl
generally. ought TO realize that sue
conduct Is In every way perilous. an
constitutes a menace 10 the natio
generally, au,l especially Il the PEE
pie OK great property.
! earnestly believe that this Is tru
OF only n relatively small portion @
the very rich men engaged In handlinI
the largest corporations In the cour
try: but the attitude Of these con
paratively few men does undoubtedl
harm the country. and above all harm
the men OF large means. by the just
but sometimes misguided. popular In
dignation 10 which II gives rise. TIL
consolidation. In the form OF what ar
popularity called trusts. Of corporal
interests OF immense value has tende
20 produce unfair restraints OF trad
Of an oppressive character. and thes
unfair restraints tend TO create grea
artificial monopolies. The violation
of the law known as the antitrust Law
which was mean TO meet the cond
tons thus arising. have more an
more become confined 10 the large
combinations. the very ones agains
whose policy OF monopoly and oppre'
sion the policy Of the law was chief
directed. Many OF these combination
by secret methods and by protracte
litigation are still unwisely seekin
10 avoid the consequences OF thel
Illegal action. The government ha
very properly exercised moderation !
attempting 10 enforce the criminal pr,