Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1905-08-11
SUPERVISION
OF TRUSTS
President Roosevelt Says Gov
ernment Should Have More
Direct Control
MUST PROCEEDSLOW Y
Hasty Legislation is Apt to Start Re-
form in Wrong Direction and Do
More Harm Than Good.

jamestown, N. Y, Aug. 11.-This is
a great day for Chautauqua and thou
sands of eXcursionists have congregat-
ed there from all parts of the state
and the adjoining states to see Presi-
dent Roosevelt, the guest of honor of
the assembly. President Roosevelt
arrived at Lakewood over the Erie
Railroad at 2:15 this morning and was
taken to Chautauqua in special
traction car. Notwithstanding the
early hour thousands of people were
lined up along the route to see the
ficials of the assembly received him
at Lakewood and escorted him to the
grounds. Soon after his arrival
President Roosevelt was the guest of
honor at a breakfast given at Hig
gins Memorial Hall. After breakfast
the President rested a short time and
then made tour of the grounds.
Bold Thief Swipes Watch of Secret
Service offict
Chautauqua, N. Y, Aug. 11.-Presi
dent Roosevelt arrived here at S:45
on special car over the Chautauqua
traction line. Last night, after the
arrival of the Presidents train at
Lakewood, one of the secret service
officers was robbed of valuable
watch while asleep During the
morning light rain fell. AS early as
o'clock this morning 10000 persons
had assembled in the camp theater.
The President Addresses the AS
sembly.
This afternoon the immense audi
torium was crowded to its capacity to
hear President Roosevelt's speech.
Through line of eight hundred boys
and girls, the President was escorted
to the assembly amphitheater, his way
being strewn with flowers. Whei ne
appeared on the platform he was
greeted by ten THOUSAND people
with cheers and the Chautauqua
salute. Bishop Vincent introduced
President Roosevelt. After speak
ing at length upon the govern
ment's position as to the Mon,
roe doctrine, he called attention to
the appeal of Santo Domingo to the
United States for aid. After review
ing in detail the conditions in that
country President Roosevelt then
turned his attention to domestic af-
fairs and said, concerning the so-called
trusts and corporations of the United
states:
One of the main features of our ma
tional governmental policy should be
the effort to secure adequate and eff
fective supervisory and regulatory
control over all great corporations do
ing an interstate business.
1t may well be that we shall find
that the only effective way of eXer-
cising this supervision is to require
all corporations engaged in interstate
commerce to produce proof satisfac-
tory, say, to the Department of Com
merce, that they are not parties to
any contract or combination or en-
gagged in any monopoly in interstate
trade in violation of the antitrust law,
and that their conduct on certain 9th
er specified points is proper; and,
InOTeONeI, that lhNoS vi Pc'o
shall agree, with a penalty of forfei'
ture of their right to engage in such
commerce, to furnish any evidence OF
any kind as % their trade between
the states whenever so required by
the Department of Commerce.
Jurisdiction of Government is Su
pfeme.
1t is the almost universal policy
of the several states, provided by
statute, that foreign corporations may
lawfully conduct business within theil
boundaries only when they produc'
certificates that they have complied
with the requirements of their re
spectiye states; in other words, tha
corporations shall not enjoy the priv
ileges and immunities afforded b.
the state governments without frs
complying with the policy of thei
laws. Now the benefits which col
porations engaged in interstate trad
enjoy under the United States go,
ernment are incalculable; and in re
spect of such trade the jurisdiction @
the federal government is suprem
when 1t chooses to exercise it.
When, as is now the case, many
the great corporations consistent
strain the last resources of legs
technicality to avoid obedience to
law for the reasonable regulation {
their business, the only way effectivel
to meet this attitude on their part
to give to the executive departmeI
of the government a more direct an
therefore more efficient supervisio
and control of their management.
Action Against Abuses May BE Misi
terpreted.
In speaking against the abuses col
mitted by certain very wealthy &C
porations or individuals, and Of Il
necessity e seeking so far as it c.
safely be IT, ->medy these abu