Troy weekly news. (Troy, Idaho) 1897-1933, 1907-12-06
PRESIDENTS MESSAGE AGAIN
OF MUCH INTEREST.
Tells of His Ideas on All important
Questions Now Before the American
People-cIips Freely From Former
Messages of Subjects for Which He
Stands Squarely.

congress devoted the most importan
part of Tuesdays session to hearinl
President Roosevelt's message
The president plunges directly int
the financial and corporation regula
ton questions. He has nothing &c
qualify nor apologize for In fact, tc
support and emphasize his present
position, he quotes extensively from
previous messages in which he an.
nounced his policy of compelling hon.
esty in corporation as well as individ-
ual dealing.
There is no hint of abating the en-
forcement of this policy. There is no
indication anywhere In the message
OF thought of retreat from the square
deal stand originally taken by the
president, nor the slightest admission
that this policy has been in any de-
gree responsible for the present finan-
cial trouble.
The statement formerly made by the
president in regard to exposed corpor-
alton crookedness: THE administra-
tion is responsible for turning on the
light, but is not responsible for what
the light showed" is repeated.
The president breaches more fed
eral activity In regulating interstate
commerce as much as a matter of
justice to the honest corporation as
TO the individual shipper. Along this
line he continues to vigorously urge
congressional action to prohibit mon.
opolies formed to control the sale of
necessities of life or articles of gen.
eral use.
In regard to the financial situation
the president declares:
In no nation are the fundamental
business conditions sounder than in
ours at this very moment; and II is
foolish, when such is the case for
people to hoard money instead of keen
ing it in sound banks; for If is sucb
hoarding that is the immediate occa-
sion of money stringency. Moreover.
as rule, the business of our peonle
Is conducted with honesty and probitv :
and this applies alike to farms and a..
factories. to railroads and banks. IN
all our legitimate commercial enter :.
prises. l.
In any large body of men. however =
there are certain to be some who are ;,
uisnonest' and IL the conditions are .
such that these men prosper or com -
mt their misdeeds with IMMUNITY =
their example is very evil thing for -
the community. When the misdeeds :,
vi 'nese successfully dishonest men ~
are discovered, suffering comes NOT =,
only upon them, but upon the limo. .,
cent men whom they have misled II -
is painful awakening. whenever - %
occurs; and, naturally, when it does ~
occur those who suffer are ant to for. ~
get that the longer it was deferred -
ene more painful it would be. In tha ~
onort 10 punish the guilty it is both oa
wise and proper to endeavor so far ~
as possible to minimize the distress ~
oi those who have been misled nv tho ~
guilty Yet it is not possible IN 70.
Iraln because Of such dlstres fror,
striving 70 M ~, uis'les from erl
10 put an end to the misdeeds a.,
mat are the ultimate causes of the s al
'unerihg' and, as means to this end 49,
"nere possible to punish those respon. tas
'lDie Tor them. There may be honest vi
linerences of opinion as to MANY gov 1 90
'rhmental policies; but surely tbera :"
AN be no such differences as n mo ~o
iced OF untlinching perseverance, in tho Ia
var against successful dishonesty - lo
me president here inserts a ouo. "a.
atlon from his 1905 message. maxine WI
nam mis- freedom from hostility 10 law ''o
oiuing corporations and reiteratipr
ns poncy OF seeking to check either az
rganized capital or Organized 1oho. eii en-
MY where either acts against Ion, %U ,'
nd justice. '''' Ia" NIB
immediate attention to the currenc,, ~
iopiem Is urged on congress- Tba -
'esiuen1 advocates the adoption of n =
'"n Oh elastic currency which shan :.
automatic and open to sound hanI,s %
iu winch would prevent the snasras Son
nisn money and speculation whioh no oS
'tain In the New York market wv
we need a greater elasticity IN Spe
II currency; provided. of course 1 M
at we recognize the even greater ~
eu OF safe and secure currencv LIS LIS
iere must always be the most riejd o va,
ANIMATION by the national autho-t ~, Ju
IS Provision should be mad g. wee
emergency currency. The emer. holt
uoy issue should, Of course be mada T., s', :
"a Ian an effective guaranty and unon ~ -
nuiuons carefully prescribed NV tba le
'einnent. Such emergency issro 9S
lot DC based on adequate secnrIt,as no. ~
proved by the government anS VI
,s' De issued under a heavy 20. pais
is would Darn,ft o,.- Tax. the