The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1907-08-23
Bluff Will | !. !. network ] \ | ] B (.
Pros sitions to Continue Despite
Manipulation IF Markets
PRESIDENT WILL NOT WAIVER
Present Policy II to Pc Carried oN In
Efforts to seeurs Honest OBJ
5z sefvance 81 the Law.
PRESIDENT WILL NOT WAIVER

laying Of the cornerstone OF the Cape
Cod Pilgrim memorial monument In
the presence Of President Roosevelt,
Governor Guild and distinguished
guests completed the foundation OF
one Of the most imposing structures
along the Atlantic coast. commemorat-
ing the first landing within few feet
OF its base of the Pilgrim fathers.
President Roosevelt addressed q
large crowd ut the unwilling and
spoke at, length upon the great debt
the country owes the Puritans. He
then turned his attention to the cor
poration evil Of the present day and
said in part: zs',~' j. p w..
During the present trouble with the
stock market / have OF course received
countless requests and suggestions,
public and private. that I should say
or do someeAing to ease the situation.
There is a world wide financial disturb
ance. It is felt in the bourses Of Paris
and Berlin and British consols are low.
or. while prices OF railway securities
have also deprecated. On the New
York Stock Exchange the disturbance
has been particularly sewers. Most
Of 1t IL relieved to DO due to matters
not particularly confined to tho United
States and to matters wholly uncon.
nected with any governmental actor,
but 1t may be well that the determina-,
ton Of the government, In which, gen
tlemen. it will not waver, to punish
certain malefactors of great wealth
has been responsible for some Of the
troubles, at least to the extent OF hav-
ing caused these men to combine to
bring about as much financial stress
Is they possibly can in order to dis,
credit the policy OF the government
and thereby to secure q reversal of
that policy SO that they may enjoy the
fruits of their evil doings. That they
have misled many good people into
believing that there should be such
reversal OF. policy is possible. If 50
am sorry, but it -@'.N ~. -
Will Not Alter My Attitude.
Once for all let. me say that as far
as \ am concerned and for the
eighteen months of my administration
that remains, there will be NO change
Ia the policy we have steadily pursued.
no let up In the efforts to secure the
honest obs ervancs.of the law, for re-
gard this contest as one to determine
who shall rule this government the
people through their governmental
agents or q few ruthless and deter
mined men, whose wealth makes them
particularly formidable because they
are behind the, breastworks Of icorpor-
ate organization.
Il wish. there. to be no mistake on
this point It Is, idle to ask me- not
to prosecute criminals, rich or poor.
Butt desire no less emphatically to
have it understood that we have un-
dertaken and will undertake no ac~
tion Of vindictivs type and above all
no action which shall tnflict great or
unmerited suffering upon the innocent
stockholders and upon the public as
q whole. Our purpose is to act with J,
the minimum Of harshness compatible Z
with obtaining our ends. In the man
of great wealth who has earned his
wealth honestly and used it wisely
We recognize good citizen, worthy of
Ill praise and respect. Business can
only be done under modern conditions
through corporations and our purpose
is to heartily favor the corporations
that do well. The administration ap'
preciates that liberal but honest profit z
for legitimate promoters and generous
dividends for capital employed either
in founding or continuing an honest
business are the factors necessary for
: corporate activity yand
therefore for generally prosperous
business conditions. A# ~
"All these, are compatible with fair d
dealing as between man and man and
rigid obedience to the law. Our aim
is to help every honest man; every
honest corporation; and our policy
means in it's ultimate analysis a heal
thy and prosperous expansion, of bust
ness activities, Of honest business
men and honest corporations" $50
CONSERVATION IN BERLIN