The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1905-08-26
AND WISE
TRUST CONTROL
President Roosevelt Talks of
Way TO Handle Trade
Combines
JUSTICE MUST BE FOUNDATION
Legitimate Business Should Not BE In.
terfered With, but Effort 70 Monop.
ollze Particular Lines Call for Ae.
ton by the Government.


Chautauqua. ~ y. dispatch The
Monroe doctrine and regulation OF cor.
porations formed the dual subject OF
President Rooseyelts address to To-
600 Chautauquaus at the assembly
grounds Friday.
President Roosevelt was introduced
20 the Chautauquans, who welcomed
him With their conventional salute. by
Bishop John H. Vincent lie s9ld In
part.
We cannot permanently adhere TO
the Monroe doctrine unless we succeed
Ia making IL evident IN the first place
that we do not intend 10 treat II IN any
shape or way as an excuse for aggran.
dizemont on our part az the expense
OF the republics 10 the south OF use;
second, that we DO not intend 70 per-
NIT II 10 be used by any or these re-
publics as a shield 10 protect that re
public from the consequences OF its
own misdocds against foreign nations.
third that inasmuch as by this doc.
trine we prevent other nations from en-.
terforing on this side Of the water
we shall ourselves I'M good faith try
20 help those Of our sister republics
which need such help upward toward
peace and order
Must Act AS Policeman.
In the interest Of justice. IL Is as
necessary 20 exercise the police power
as 20 show charity and helpful genor.
osity. But something can even now
be done toward the end in view That
something. for instance. this nation
hns already done as regards Cuba. and
is now trying 90 DO as regards Santo
Domingo
"The executive department OF our
government negotiated n treaty under
which we are 20 try and help the 10.
minican people 90 straightcn out their
Frances. This treaty Is pc nding be-
fore the senate. whose consent 20 Ia
is necessary In the meantime we
have made a temporary arrangement
which viii last until the senate has
had time 20 take action upon the
treaty. Under this arrangement We
see 10 the honest administration OF the
custom houses. collecting the reyen-
uos. turning over As per cent 20 the
government for running expenses aud
putting the other % per cent into a
safe deposit for equitable division
among the various creditors, whether
European or American. accordingly. as
after investigation. their claims seem
just
Trusts Need Strong Rule.
Nov for one feature OF our do.
nestle policy. one OF the main fea-
lures OF our national government poll
Icy should be the effort TO secure
adequate and effective supervisory
and regulatory control over all great
corporations doing an interstate bus.
mess. Much OF the legislation aimed
TO prevent the evils connected with
the enormous development OF these
great corporations has been incifect.
i've, partly because II aimed at doing
too much, and partly because It did
not confer on the government really
efficient method OF holding any guilty
corporation 10 account.
"The effort to prevent all restraint
OF competition, whether harmful or
beneficial has been illJudged what Is
needed Is not so much the effort 90
prevent combination as ylgilant and
effective control Of the combinations
formed so as 10 secure just and ennta-
bic dealing 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 In
the last four years accomplished much
that Is OF substantial value but the
difficulties In the way have been so
great as TO prove that further lcgisIa-
ton Is advisable"
No More Lenieney.
THE violations or the law known as
the antitrust law, which was meant
10 meet the conditions thus arising.
have more and more become confined
10 the larger combinations. the very
ones against whose policy OF monopoly
and depressing the policy OF the law
was chiefly directed Many or these
combinations By secret methods and
by protacted litigation are still unRise-
~ seeking TO avoid the consequences
OF their Illegal action The govern.
ment has very properly exercised mod
Grafton in attempting 20 enforce The
criminal provisions Of the statute.
but II has become our conviction that
in some cases, such as that OF at least
certain OF the beef packers recently
indicted in Chicago. Il Is impossible
longer 10 show leniency.
Personally, think our people
would be most unwlse II they LEI any
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