The twice=a=week herald. (Amarillo, Tex.) 1887-1906, 1906-10-05

thrift aud business energy, TO put a
premium upon the conduct OF the
man who honestly earns his liyeli'
hood and more than his livelihood
ana who honestly uses the money
NO has earned. But II Is our clear
duty to SEQ In the interest Of the poo
bic that there is adequate super
vision and control over the business
use OF the swollen fortunes Of today
aud also wisely TO determine the con-
dltions upon which these fortunes
arc 10 be transmitted and tho per-
ceniage that thoy shall pay 10 the
government whose protecting arm
alone enables them 10 exist, Only
the nation can do this work, To
rologato It to the state,is farce, and
is simply another way Of saying that
Il shall not be done at all.
Under wise and farsceing Inter
probation Of the interstate commerce
clause OF the constitution. 1 maintain
that the hatlonal government should
have complete power 10 deal with all
OF this wealth which in any way goes
into the commerce between the states
and practically all of It that Is EN-
pioyed in the great corporations does
thus 20 in. The national Legislators
should most scrupulously avoid any
demsgogic legislation about the bus'
iness use OF this wealth, and should
realize that It would BIO better to have
no legislation at all than Legislation
couched either In a indicative spiriI
OF hatred toward men OF wealth OF
else drawn with the recklessness Of
lmpracticable wsIonaries But, 81
the other hand. IL shall and mus
ultimately be understood that thf
United States government, on behalI
of the people Of the United States
has and is 10 exercise the power ol
supervision and control over the bus
mess use OF this wealth---in the frs
place, over all the work OF the com
mon carriers OF the nation, and II
the next place over the work of al
the great corporations which direct
" or indirectly do any Interstate bus
mess whateyerAand this includes
almost all the great corporations,
During the last few years the ma
tional government has taken very
| long strides in the direction o. eyer
cIslng this adequate control over tho
great corporations, and It was unie'
tho leadership Of one of the mos
| honored public men in our country
one OF Pennsylvania's most eminen
sons--the present senator, and ther
| Attorney General Knox--that thl
new departure was begun, Events
have moved fast during the last five
years and IL is curious TO lock bach
M tho extreme bitterness which mo-
merely the spokesman and represent
tatives of organized wealth, but nIany
most excellent conservative people
! then felt as to the actlopsofMr kpo'
and OF the administration. ~
Many OF the greatcst financiers o.
this country we're certain that NIr
Knoxs Northern Securities suit, u
won, would plunge us into tho wora
panic we had ever seen. They Dc
nounced as Indictment to anarchyi as
a napoIogy for socialism, the adyo
cacy OF policies that either have nov
become law are in fair way 70 be-
come law; and yet these same poll
clcs, so far from representing eitlie'
anarchy or socialism, were in reality
the antidotes TO anarchy, the duu
dotes TO socialism. To exercise {
constantly increasing and constantly
more efficient supervision and con
troll over the great common carriers
of the country prevents all necessity
for seriously considering such apro
ioct as the government ownership
of railroads. policy when worlt
be evil in Cts results from ever,
standpoint,
A similar extension OF the nationaI
power to oversee aud secure correc'
behavior in the management Of al
| great corporations engaged in in
terstate blslness VIII in similar fash
ion render far moro stable the pros
ent system by doing away Nitlh those
grave abuses which are not only evil
IN themselves but are also Ell be'
cause they furnish an exchSe for oSi'
tators 70 inflame well-meaninB, PEG
pie against all forms OF prohartys ana
to commit the country TO. schemes OF
wild. would.beremedies which would
work infinitely more harm than The
disease itself. The sgyernmcnt ought
not 10 conduct the business OF the
country; but It ought TO regulate II
SO that Il shah be conducted ia toe
interest Of tile public. 's5
Perhaps tho best justification OF
the course Which in the natlonalfgsv.
a - -. q.