Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1907-12-05
CONGRESS HEARS
FROM PRESIDENT
nessAee osseusses aecGsr
FINANCIAL sTR,seesseS AND
rs eAvsGA
muvloM mom Is nf1D
ANTITRUST LAWS. iNrERsTArE
COMMERCE AMo TARIFF ose
cusseo.

CUSyEO.
ro tie s-nz.e ena Hassse q Ree-
No ra,ssa has greater reso1-ses
tAzs o-rs. srse | fsslsk j, can se 49,, 49,
ssssssekA greater ez<rEy and in<sx 49,
zssssfTS II 50 sassoe arg Tie fSnca-
Es<-stai tsss-ess e-0n6sfse1s ssSnde. sAah
fl.rssszs &h<1 sScs. IL sse cAs<. TOR ptc-
BE 10 lizard rsso.s~F lfsstsa6 ~ ke<rsrE II
ID sound taahs. fes II y szsch Ecafasae
ss-5sxen~y- Noseyrer a. ruse. the
kssssn<4< - Cur sess.s< il cssst1-ssss Win
h1s s>ssy and c:c55ay- xod rs Spr.sss
asiA* tn farms aid szesosses- - fssnoa1s
and t4nks 70 Al srlF legitimate ersnsfn<s-
czst <HtsspyEsea-
In any large bes1y u rs<a~ hoEeTa.
there are certain 70 b. sosne ws1 are csa-
honest. and K the tos,cfsseas are sccn
that these ssen ps,ssser o. commit tnesf
rntsaetsts with ir.vunisy- shsss exAmpse
= Z vefy evil thing fof the ccsn:snnffy:
Where fssese nsen are 5rxffssss Hses. g
uns<rsyu.Dssa ard reckless. and Ntege tie
contlfSons are xssh that they xcs with
COT Sgte-v fsoa OF control ana ~ NIX
without effective check from pubic 0san-
I'm fney desEsde many innocent people
into making investments OF esHDarksn8 II
kinds Of bxsssnem that are really Un-
Houad. When tire Knisdesds % these SIC
eeAasIsIy dishonest nsen are ciscofe1e1.
suffering cssrack not only up'oy them nsss
u.-cr RE :unocsas Ez<n whom they have
misied- II is a painful awakening vnes.-
ever II occS54s. and. naturally when u
does occay ;isos> who suffer are apt 10
fosges that the longer il MAS f<fs.led leo
more painful u world be In the ehcft 10
punish the guilty IL in both wise and
minimize the dsssresa % thoae Eho have
BEEN mtslei BY tie guilty fst II - not
possible 70 refrain s,ecause Of such dis
tTexs from striving 10 gu, an END 70 the
miSdee1s that are the ultimate causes OF
the suffering. and. al a means 10 this
end, where possible 70 punish those Re.
differences II opinion az to many govern
nsentsi policies. but surely there ran b
no xuch differences as TO the need OF un-
0inchfng perseverance in the var against
successful dishonesty
No s-naIl part CT the trouble that We
The national virtue u seif-reiiance. Of
independence In IN
.... -. itiative and action
ss1ss S0 II II wise to con-
mesee. serve this virtue and
to provide for its
fullest exercise. COM
patible with seeing that liberty does not
become liberty 10 wrong others. Tn
fortunately this II the kind Of liberty
tras 1ack Of al effective regulation in
evssaosy 6sefs1s TIE f5undess % The
CONSTITUTION pyCyt0E0 tE2k Inc n1XiONaI
government should have complete and
sole control Of interstate commerce
There wss then practically no tnterstate
buGlnsxs safe such a. vzs conducted by
at once proceeded 10 regulate in thor
Oughgong and effective fashion. Con-
ditions nave now 10 wholly changed
tSat the interxtate commerce by water il
insignificant compared with the amount
that gees by land. and almost all big
business concerns are now engaged IL
interstate commerce. AZ q result u can
he but partially and iTnperfectiy con-
any one Of the several states. such action
inevitably tending In be either too drastic
or else too lax. and in either case ines-
fective for PURPOSES Of justice.
Only the national government can in
th0roughgoink fashion exercise the need
I'd control This does not mean tina.
there should be any extension Of federal
authority. for such authority already ex-
lists under the Constitution in amples,
and most far-reac hing form. but il does
mean tina. there 81 .n I'D be an extensio1
81 federal ,ac.l,sslty ThIs Is not ad ans
ing cent? Nation II is niefel iooLnl
= .. ssc.s In the face and realizing that cen
tralixation In business has already COM
and cannot he avoided or undone. ans
that the public at large can only protec
itself from certain evil effects OF TIM
business Capitalization by providing bet
ter methods for the exercise Of contro
in the national government by the Con
stitutfon itself. There must he no hal
in the healthy constructive course Of &C
ton which this nation has elected 7
pursue and has steadily pursued. durin
the last six years AS shown both in IN
legislaticn Of the congress and the al
ministrafion Of The law oy the depart
3nent Of Justice.
The most vital need Is in connectio
with the railroads As TO these In m
"a h0T N
national incorporation act or Law u
censinx railway companies TO engage
Interstate commerce upon certain como
tons The Law should be SO framed =
TO give the interstate commerce commii
zion power to pass upon the future !,
sue Of securities. while ample mean
should be provided to enable the con
mission. whenever in its JUDGMENT II
necessary to make a physical yaiuatin
Of any railroad. AZ stated in m
message to congress year ago. raj
into agreements. subject to these asre'
ments beinx made public In minute d.
tail and to the consent OF the tntefstal
commerce commission being first Obtain
sumes proper control Of interstate con
tnerce. In the exercise OF the authort'
Il already possesses. II will be impose
BILE either 70 give to or TO sc, rom y
all other great corporations Will do We
To recognise that this control must COM
the only question II a. to what COVER
mental body can most wisely exerctse
'rhe courts viii determine the limits Will
In which the federal authority can e,
trcise IL. and there will still renal
ample work within each state for q
railway commission Of that state. ar
the national Interstate commerce con
mission will work in harmony with Il
several commissions each within its ON
y,royince TO achieve the desired end.
Moreover in my judgment there shou
f.0t looking [
proper control OF the great business CO
Germs engaged in il
A.&i..,... terxtate bushes
enss"s" this control 10
exercised for the
own benefit and pro
perity no less thu
for the protect OF investors and Of q
general public. AZ ! have repeated
Iasd in messages 10 the congress al
e:seuhere. experience has DEFINITE
SHOWN not merely the unwisdGm but q
fu,itlty 81 endeayorins 70 put stop
I'LL business combinations. Modern
dus,rfal conditions are ouch that cor
bination II NOT only necessary but inc,
table. II II ~ IN the world Of husine
iust az II Is 80 In the world OF labor a
il liz - Idle TO desire to put an end 10 ;
corporations. 10 all big combinations
-apisAi, as to desire to put an end
combinations OF labor. Corporation a
labor union alike have come to sta
Zach ~ properly managed Is a source
rood and not evil. Whenever in eth
o account: but IL should receive hear