The Rich Hill tribune. (Rich Hill, Mo.) 1903-1911, 1905-12-07

the people @ u the continued prosper.
ity Of the nation. The close relation
shin and mutual dependence upon
each other OF capital and labor are
pointed out, and the message con.
tinncs:
Corporations.
yet while not merely admitting, hut In
eisting upon this. IL Is also true that
where there IS no governmental restraint
or supervision some Of the exceptional
men use their energies not ia ways that
are For The common good- but n WAYS
Which sell aEainst this common good
organization are now 50 large and vest
such uwe in those that WED them. as
10 the sovereign-that is. to the Govern
ment which represents the people as a
Nhcie-Asonse effective power Of supervis-
ion over their corporate use. IN order 10
insnre D healthy social and Industrial lie,
every big corporation should be held re-
spensibie by, and he accountable 20. some
sos feign strong enough tc control ITS
condUct- ] am In no sense hostile TO cor
porations. This Is an age Of combination,
tion win be not only useless hut in the
end vicious, because OF the contempt for
evitahly produces We should moreover.
recognize ia cordial and ample fashion the
immense good effected by corporate
the wealth Of intellect. energy. and adel-
ity devoted 10 their service and there.
ISre n9rmsrS e eae ssfAiSs 81 'ae p' eny.
poration has come 20 stay, Just as the
trade union has come 70 stay Each can
DO and has done great good Each should
be favored 50 long as Il does good. But
each should be skarply checked where Il
acts against law and justice.
The President shows the impossi
billty Of the individual states deal
ing successfully with corporation
greed, and the necessity Of comforting
power upon the general government
NJ 10 the extent Of a proper amend
ment to the constitution. He says:
1t has been a misfortune that the
national laws on this subject have hither-
e been Of q negative OF prohioiuye rather
than an Affirmative kind. and stil more
that they have IN part seught g pro
hisiied. and have IN part In their pro-
hthitions c~oufounded what should be
allowed and what should not he allowed
all fesuIatnt on competition, whether this
restraint be reasonable or unreasonable
Eensraly hurtfui Events have shown
that X Is not possible adequately 10
secure the enforcement q any law u this
1tnd " tncessaut appeal 70 the eourts
The Department 81 Justice has for the
last four years devoted more attention
20 the enforcement 81 The antitrust iegis-
iation than tu amythin else Much hiss
been ACCOMPLISHED particnlariy marked
has teen the moral effect of the pyoseeu-
tlcnss nut IA fs Increasingly evident that
there All be q very Insufficient beneficial
result Ia the way o. economic ehare
The successful prosecution q one de- slce
TO etnGe the Raw Immediately develops
another device 20 accomplish the sane
parpose What 3 needed is not sweeptng
pfehitition OF every arrangement Eooa or
had. Nhich may tend a. restrict compeu-
ZION. but such adequate HubefNteiou and
regulation rs viii prevent any restriction
Of NumNWFtNtnw from being 40 The Hefr1.
meut of the pubic--as well as such
supervision and regulation ar VIII pre.
with restriction o. competition. OF thes'
abuses perhaps the CHIEF. although b'
t5rMeerc eIy $50 ths yesnif M ais
honest pfnmotiGn-eecause q the myria'
evils q biines ~ its train for such over
capitalization otteu means an inhafiol
that invites business panic; it always con
ceals the true relation o. the profit earne'
10 the actual capital invested. and
creates a burden o. interest payment
which r. a fertile cause Of improper re
duction or IN limitation OF wages; !
damages the small Investor. discourage
thrift and encourages gambling and spec
ulations while perhaps worst q al Is N
7riekiness and dishonesty which y imphe
for harm TO morals and worse than an
possible harm to material interests an
the de~hauchery Of politics and bushes
by greet dishonest corporations Is "a
worse tfan any actual material evil the
DO the Tutiic. Until the national govern
ment obtains in some manner which III
VI nv AAAH 4AEEA
proper control over the big corpoi atior
engaged in Interstate commerce-that )
poratJons4 III Viii g. impossible 10 az.
adequately with these evils
I am well aNare OF the difficulties {,
the legislation that | am suggeating. an
~ the need az temperate and caution
action IN securing T. ! should emphati,
ely protest AGAINST ,mpregsr Fsdiesl
70 deal alfh he great corporations 81
paRed IN the business u Interstate tram
portation. A. said IN my message
pfcsnlng need. 70 Ia ~ legislation
: concerned is the enactment into law
some scheme 90 secure 10 The agents
the EoVrrnmcnt rnrh supsrrision an
regulation ~ the rates ehsfKcd By %
mAtend. q me country enEased " intel
cnecfiyels prevent the imposition ~ af
Jast o. Unreasonable rates, ~ must 10
m ev.iv sbsos ana l.ss, ATb,s nsSe,
regulate yates. like Ai similar prNrl
oyer the t%usiness world. should ~ exc
restraint, but il should esisl, 90 mat
need arises
The nrst consideration 20 bo kept
mind II mat the puwer should be arm
alive Hud should be- given % some az
ministraiiye tody created ~ the CpnErel
II given a. The present Interstate Con
merre -cDmHiasion pr To- a feufgani4i
Interstate Commerce. commission Bul
commission should be made unequivocal
Misunderstanding. 4 40 not believe IN Il
government Interfering with private bus
ness more Than d. necessary, do %
believe o. the government undertake.
ans work which caH with prnHrietF
left IN private hands. But neither DO
believe ln ghe government ninchlnE fro
over seeing ans work when u beeuih
evident that abuses nre sure 10 nhta
therein unless there D. government
supervision. IA Is not my province
indicate the exact terms Of the law viii
should he enaeted, but / call the attentt'
Of the Congress 70 certain existing co
ditions with which AZ Is desirable % dc.
In ms Judgment the most important d.
vision which such law should cqnta
Is that cunfersng upon some compete
administrative body the pcwfr 60 accil
uuon the case being brought before
whether a given rate prescribed b. = pa
road Is reasonable and lust ana n -
found 20 he unreasonable and uulul
then. after FUN investigation Of the cni
plnlnt. 60 prescribe the hntt % ra
beyond witch Il shah not be lawful 70
Ztho maximum reasonable rate. - u
commonly cal ed-this decision 90 50 M
effect within u Reasonable time ana
obtain nom thence onward subject
review bN the courts u sometimes he
Pens al present. not that 9 rate - I
iigh but that a favored shipper - Eif
49,. 1000 - 49, In |afnA ITnnn FHa HImfnI