The Richmond palladium. (Richmond, Ind.) 1906-1907, 1906-09-23
FEDERAL REGULATION
THE PROPER REMEDY
Senator Beveridge. Also Points
Out the Only Cure for Gu
ba's IIIs-America Must UI-
timately Go to the Islands
Rescue.
fpnblishers' PressI

Chicago, ILL.,, Sept. 22.-The mosc
notable public address which can be
construed as a direct reply to William
Jennings Bryan's government owner
| ship proposition, was made here to-
night by Albert J. Beveridge, United
States Senator from Indiana The
address marked the formal opening of
the Republican campaign in Chicago
ence which welcomed the brilliant In
diana statesman with wonderful
warmth. Senator Beveridge being
one of the closest friends of President
Roosevelt, spoke with what really
was the endorsement of the admins
tration. If not with its authority, and
his address is a valuable contribution
to the Republican cause.
The Senator's Address.
In part Senator Beveridge spoke as
follows
The peoples government should
do no business that the people can do
better themselves: the peoples gov
ernment should own no business that
the people can better own themselves
But the peoples government
should control and regulate industries
owned by some of the people that are
SO great as to affect the welfare of all
the people.
The people, through their govern
ment, should not permit some of them
to practice business methods that will
be unjust to all of them. But the
peoples government should not own
any industry which private enterprise
can efficiently manage and whose
abuses government regulation can pre-
vent.
Government ownership of nation
wide business is the European theo-
ry of industry. Government regula-
tion of nationwide business Is the
American theory of industry. l am
for the American theory and against
the European theory. Let Europe
copy America, not America copy Eu-
rope. Government control OF rail-
ways, but not Government ownership
of railways.
A Public Trust.
THE day was when individuals
could do the business of communities
because those communities were
small and communication with other
communities was difficult. All busi-
ness was private business then. It
was one man dealing with another
man. But railroads, telegraphs, tele-
phones came and that period passed
away Universal communication
brought another period into being.
What was before the needs of hum
dreds became the needs of millions.
And so the organization of industry
grew out of the Interests of the peo-
pie.
Nothing but great combinations OF
capital could answer the enormous
needs of the masses. And because
one man was no longer dealing with
another man, but vast corporations
were dealing with millions of men.
those corporations became no longer
private concerns. but public servants.
Their managers became no longer
private business men, but public busi-
ness men. Every manager of every
great industry which touches all the
people is no longer an individual deal
ing with another individual: he is
statesman of affairs dealing with ma
1iOU Jlc 10 III iou6Ci OH EA1id6lS0
owner managing a private business
for his exclusive gain alone. he is a
trustee managing great business for
the peoples welfare as well as his
own welfare.
Organization Needfui.
Il repeat that the modern develop
ment of organized industry is not only
necessary, but that it is good. Take
as single illustration the railways.
Without them Chicago would still be
a frontier town. Without them tha
farmers of Iowa could not get their
cattle and grain to market Without
them merchants would be without
10th customers or stock. Without
them the daily newspaper could not
be served to the country districts.
Without them the nation would fall
They make the man who lives on
the Atlantic the neighbor of him who
lives on the Pacific and all Americans
brothers. They are the greatest eIe-
ment in creating that common Amerf-
canism which makes the republics
eighty millions compact, homogene-
Gus people. They are highways of
avenues of intelligence.
agencies of patriotism-they are all
an Daoo Ecur