The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1905-08-17
HE LAuDs MONRoEIsM.
President Addresses Chautauquans on
Famous Doctrine.

Famous Doctrine.
President Roosevelt ut Chautauqua,
n. y. Friday. made what he regard
ed as his most important speech since
his Inauguration. He declared the
time for leniency with the indicted
Chicago packers had passed. discussed
the corporation problcI: mt length, and
devoted considerable attention to the
Monroe doctrine. He set forth the
United States stand so plainly that
no foreign nation could miSintcrpret
his utterances.
The President denounced those cor
poratiOns which are preventing the en-
forcement of the antitrust law ''by
every device, legal and Illegal Then,
coming to the high note of his speech,
he declared for federal supervision
of all companies engaged in interstate
commerce, saying the actions of the
corporations were driving the people
to drastic measures in self-defense.
81 believe" said Mr.. Roosevelt,
loudly, slowly and distinctly, hammer
ing home every word-"I believe all
corporations engaged in interstate
commerce should be under the super
vision of the national government. 1t
may be that we shall find the only
effective way of exercising this super
vision is to require all corporations en-
gagged in interstate commerce to pro-
duce proof 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"
Mr.. Roosevelt in his address to the
great assembled crowd was applauded
when he said: 1T must be under
stood that under no circumstances will
the United States use the Monroe doc
trine as a cloak for territorial aggres-
sion," and more vigorously still when
he said of American corporations do
ing interstate business: What is need
ed is not so much the effort to pre-
vent combinations as vigilant and
effective control of the combinations
formed so as to secure just and equi-
table dealing on their part alike to-
ward the public generally, toward
their smaller competitors and toward
the wage-workers in their emplay."
Following are some of the notable
utterances in the Presidents speech:
The Monroe doctrine is the fundamen-
tai feature of our foreign policy on the
western hemisphere-because we have
not allowed it to become fossilized.
The United States will not use the
Monroe doctrine as cloak for territorial
aggression.
This country woul: not go to war 10
prevent Il foreign nation from collecting
just debt
Santo Domingo is actually getting
more from the 4J per cent that we turn
over to it than il got formerly when i,
took the entire revenue. If this arrange
ment is terminated. this government MAJ
be involved in serious difficulties with
foreign governments over the island.
One of the main features of our ma
tional government policy should be the
effort to secure effective supervisory and
regulatory control over all great corpo
rations doing an interstate business.
Much of the legislation AIMED to pre-
vent corporate evils has been ineffective
because aiming to do too much.
What is needed is not so much TO pre-
vent combinations as to control the com
binations formed.
Some corporations. very wealthy. ex
haust every effort to defeat the laws
Such conduct constitutes a menace t.
the nation.
l believe all corporations engaged il
interstate commerce should be under th'
snrerxisinn of the national government.