Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1905-12-07
ANNUAL MESSAGE
Of THE President
MATTERS IN NEED OF LEersLA-
TON BROUGHT TO ArTrS-
TIoN OF CONGRESS-
RECOMMENDATIONS MADE
ON SEVERAL SUBJECTS
Increased Power for Interstate Com
merce Favored As Cure fer Rail-
road Rebate Evil-Insurance and
Labor Questions.

aDSk 93es1o0A
washing <ton. Dee s-fr rf< annual rre.-
sage 70 congress. the president brirEx sew
erai matters 20 tire attention Of the ua-
ions iawmaksr. upon which. in his e.
tmation. legislation Is Necessary. Recon-
tntn9Aiions are made for new Avs and
e4''sed n statutes already enacted. na1e
necessary b changed conditions The
compete message Is a document Of almost
-.ee. words. The ouIy reference made TO
tsrin revision = in tire paragraph devoted
20 hational revenues. where he declared
that Unless our expenditures can Be keps
silnin tie n venues. our revenue avs must
Dc reaeJusie4- What fern iris resdjust-
nent should take. IL il i n.scec. he de-
S-ases i = as yet tco cary % say.
Control Of Corporations.
Tie president dev0tss eonsissrab.s sraes
70 TIE tiseuzsicn of Ike great corporations
q tne country. ard garticn arly the rail-
roacs- HE believes tte tine has cone
SHea they sh1.i4 b. paced WISER fecsrai
eoniro. ar1 recommends cessation SEX
tng 10 tbs end TIE railroad rebate svil
: dep-9red. an9 h ADVISES action tEai
wou.G abolish H. He believes tfs present
Interstate corusrr. iaNs are iral.qaaf.
and that II the commission w-re s-sfaxs.s
Sith more power Il Woai4 az xreaf-y IN
solvirg TIRE vexst probieu- In tEis eorrec-
t.an he SAYS
II has been a misfortune tkat TIE "a
ti1ra4 avs On tnis subject have hitherro
been OF a rexative o. prohIhnIxe ratner
than az Affirmative kint. and ssll mer~
thAt they have II part sought to PR nihit
shat could not b. srsetive.y urcnshlts1.
ard have In part in their proklhitious eo--
foun1sd Ehas should b 4.soWed ard Mat
should no; ee allowed. II = E.rs-aily Use
le<s 70 Try 70 prghihif a. restraint On con-
Petition. whether tkts restraint - y ason-
abe or unreasc1ab.e. ant where 4 is nos
useless IL : generally hurtfgL Eve-ts
have shown that 1t ts rot po=sih.e ass-
clately 70 secure tire erfcrce nert q ary
iaw CT this Kind BY tncessaEi appeal 70 the
courts The tersrtEent of justice hss for
The izst four years fevetet rors attention
70 ,se enforcement % The antitrust issisia-
ton ihan 10 anything else. Mpch has
teen Accomplished. pzrtIcGiar-y zarke-
has o~er the mora. effect ef the prcxecu-
tions. bat Il is incFeassnxsy sxszszf shat
there Vii be a very irsurtciert bsuen-
al result Il the way Of economic change
The successful pro<ecuffcz q ere device 70
eya1s TIE an inEetizfely sevsisps an
o-he- eevfce 20 accomplish the sane pur-
pfse What i zsesed is not sweeping pro-
hirion o. every arFangenent good or tae.
uhirh nay teud t1restrict ccnpe .iticn. but
scch adequate supervision and regulation
as vii prevent any restriction Of conpefi-
ficn frun being 70 IKE 1efriusnt Of fEe
puh.ic-as Eel as such supervision ard reg
uiafiOu as vii presezt ofher abuses In No
way conrsctea With rezfri~ticn Of coups-
titio-- OF tte>e Abusss. pern2ss TIE chief.
although hy no means TIE only one Is over
apI-aitzaffon-xenerziiy it<sif TIE result
Of GsStors<- rcncrfoa-bs cause Of the
myriad evti- !, brings in rs trai-. fer such
oVercapltaiixatior often means an irratiou
that invites business panic. IL aixays cot
cea-S the true relation Of the proe. earne5
70 TIRE capital actually invested. and Il
creates a burden OF Interest payn.rts
which IS n ferti-e cause OF Improper retuc-
ten in or limitation of wages, I, damages
the small investor. dlseoursges thrift. ant
encourages gambling ard speculation.
whi-e perhaps worst Of all Is the trickineSs
ard dishonesty which IL imp.ie<-for harm
70 morals i< worse than any possible harm
20 material interests. and the deoauchsry
Of politics and business by grea; dishonest
corporations Is far worse than any actual
material evil they do TO the public JntA
the national government obtains. in some
manner which the wisdom OF the congress
Eay suggest. proper control over the big
corporations engaged in interstate COM
meree-tkat Is. over the great majority OF
the hix co-poratiozs-it viii be Impossible
to deal adequately with these evils
Railroad Rate Regulation.
He strongly protests against radical or
hasty action in stopping the rebate evil.
ans then goes on TO say: Il do rot believe
ir tire government interfering With private
business more than i reeeS<ary- % not
believe In TIE government unfert%fiEg
any vSrk which can ~ssh rror-s>fv b1ssft
IN private hands Bat neither Co Ael5eve
a. -
Ing any work whez IL heeorz.s evse6 xfkaf
AbcSss are sure TO oetAin thsref1 unless
there Is guv~rnnenfai supervisor IL -
rot ny pr0xfnce % Indicate TIE enact terms
CT the lav vhscs shozsd b. ersetet: but
call TIE attention af TIE co-gre<s 10 GER
taEn sxssting coaltriars With whseh Il Is
cesirab.e TO 3~aL In Ey Jud<nenf Tire
usxt important provision Which s1zch i4<
shsuI3 cortain Is that co-ferrsl< gpo1
sore competent administrative kccy the
power 10 cecite upon the case being
brs1gkt before t. vhstker a xfEe1 rate pre-
scrihe1 - n railroad = reason abe ard
just. an1 Il Il s foun1 TO be unr~zsonabse
ard unjust. thea after fal. i.vesti< <ati0n
CT the compliant. 10 prescribe the iinnit OF
rate b<yozd which !; seaIl not - ia~rui 70
gc-tke maximum reasonable rate as Il
Il Is commonly czites-sh5S 1ec,ssoz TO 60 into
effect within a reasonable time and TO ch-
tain from thence oExzrt. subject TO reyieg
b. the courts II sometimes kapEerx At
present rot that rate Is too high but that
a favored shipper is given too iov rate
In such cases the commission would have
,re right to fx tbs already establishes
rsininum rate as the EaxinUr. and II
wou,d Eee1 only one Or two such cscisioE<
by the commission 10 cure railroad com
parles Of the practice Of giving improper
minimum rates call your zttenttcn TO
the fact that my proposal IS ret TO give
the commission power to Initiate or orig
mate rates generally. but TO regulate a rate
already nxsd or originated BY the roads
upon complaint and after Investigation \
heavy penalty should be enacted fron- any
corporation which fails 10 respect an order
OF the commission l regard iEis power 10
establish a maximum rate as being essen
tiai 10 any scheme Of real reform In the
matter Of railway regulation The first ne
cessity is 10 secure il. and unless IL Is
| granted to the commission there Is little
use in touching the subject At ali
"Ail private car lines. Industrial roads.
refrigerator charges and the like should
be expressly put under the supervision Of
the interstate commerce commission or
some similar body 50 far as rates and agree
| nents practically affecting rates. are con-
eerned The private car owners and the
owners OF Industrial railroads are entitled
20 a fair and reasonable compensation on
their investment. but neither private cars
| Eor Industrial railroads nor spur tracks
should be utilized as devices fer seeurln
prcferen.iai rates. 4 rebate in icin
/ Charges, or in mileage or in a division of
| the rate for refrigeraring charges IS just
as peruicsous as a rebate In any other way
4 Few Too Many.
n q