The Caucasian. (Clinton, N.C.) 188?-1913, 1906-10-25
Extracts from Messages to Con-
gress and Addresses Of
President Roosevelt.

That i not new doctrine for ne.
That - the doctrine that 1 advocates
on the stump two years ago. some Of
my ultra conservative friends have pro-
fsssed TO be greatly shocked al my I'D
Socating II now. 1 would explain to
those gentlemen, once for all, saat they
err whenever they think that advocate
on the stump anything that | will rot
try TO put into effect after election. .
LAT Wheeling, w. Val
- lake such a matter a. these so
called anti-trusts laws-I always hate
to have them called antitrust laws or
anti-eorporation laws because they are
not designed to hurt any corporation,
they are simply designed for such regu-
latiOn and control as will prevent the
doing Of ILL.," CAT jamestown, N. d.
1.-The cardinal features in these
changed conditions are, first the fact
that the new highway, the railway, il
from the commercial standpoint, OF
infinitely greater Importance in our
industrial life than was the old high
way, the wagon road; and, second, that
this new highway, the railway, is in
the hands Of private owners, whereas
the old highway, the wagon road, was
in the hands of the state" At Raleigh,
n. Co.
"But in my judgment the most inn
portant thing to do is to give to this
administrative body power to make
it's findings effective, and this can be
done only by giving it power, when
complaint is made of given rate as
being unjust or unreasonable, if it
finds the complaint proper, then itself
to fix maximum rate which it regards
as just and reasonable, this rate to 60
into effect practically at once, that
is within a reasonable time, and to
stay in effect unless reversed by the
courts" CAT Raleigh, N. CO.
'This is not revolutionary proposal
on my part, for only wish the same
| power given in reference to railroads
that is now exercised as a matter of
course by the national bank examiners
as regards national banks. My object
in giving these additional powers to
the administrative body representing
the government-the Interstate Com
merce Commission or whatever it may
be-is primarily to secure a real and
not sham control to the government
representatives. The American people
abhor a sham, and with this adherence
1 cordially sympathize. Nothing is
more injurious from every standpoint
| than law which is merely sound and
| fury, merely pretence, and not capable
of working out tangible results" Cat
Raleigh, N. CO.
"For instance, I would greatly like
to have it exercised in the matter of
| overcapitalization. I am convinced
that the wages fund would be larger
| if there was no fictitious capital upon
which dividends had to be paid" CAT
Washington.)
"Of these abuses, perhaps the chief,
although by no means the only one, is
talization-generally itself the
| result of dishonest promotion-because
of the myriad evils it brings in it's train ;
for such DISQUALIFICATION often means
an imitation that invites business panic,
| it always conceals the true relation
| of the profit earned to the CAPT.
tai actually invested, and it creates
burden of interest payments which
is fertile cause of improper reduction
in or limitation of wages; it damages
the small investor, discourages thrift,
and encourages gambling and specula-
ton" (Message.)
| "This power to regulate rates, like
all similar powers over the business
world, should be exercised with modera-
ton, caution, and self-restraint; but it
should exist, so that it can be effective
| ly exercised when the need arises.
| message to Congress.)
GIN my judgment the most impor-
| Il I
| contain is that comforting upon some
competent administrative body the
power to decide, upon the case being
brought before it, whether given rate
prescribed by a railroad is reasonable
and just, and if it is found to be un-
reasonable and unjust, then, after full
investigation of the complaint, to pre-
scribe the limit of rate beyond which
it shall not be lawful to go-the maxi
mum reasonable rate, as it is commonly
called-this decision to go into effect
within a reasonable time and to obtain
from thence forward, subject to review
by the courts.' message to Congress
cit sometimes happens at present
not that a rate is too high but that a
favored shipper is given too low rate
In such case the commission would
have the right to fix this already estab'
lished minimum rate as the maximum;
and it would need only one or two such
decisions by the commission to cure
railroad companies of the practice of
giving improper minimum rates. u
| Message to Congress.)
"Illegal transactions often occur un-
der the forms of law" (Message.)
sThe law should make it clear SO
that nobody can fail to understand that
any kind of commission paid on freight
shipments, whether in this form or in
the form of fictitious damages, or of a
concession, free pass, reduced passen-
ger rate, or payment of brokerage, is
Illegal" message to Congress.)
"The private-car owners and the