The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-12-04
ASKS FINANCIAL LEGISLATION
INCOME AND INHERITANCE TAX
AGAIN BROUGHT 70 ATTEN.
TON or LAWMAKERS.
FAvORs POSTAL BANKS
Reports Favorable Progress on Pana.
ma canai--Asks Increased Pay for
Men Of the Army and Liberal
Naval Appropriations


Washington. Dec. 4-The following is
she fun text of President Roosevelts an
niial message to congress:
To the Senate and House OF Represent.
stives: No nation has greater resources
than ours. and think it can be truth
FULLY said that the citizens of no nation
possess greater energy and Industrial
ability. In no nation are the fundamental
business conditions sounder than In ours
az this very moment; and it Is foolish.
when such Is the case for people to
hoard money instead of keeping II in
sound hanks; for IL is such boarding that
is the Immediate occasion Of money
stringeney Moreover, as a rude. the bust
neHs of eur people is conducted with hon
etsy and prubity, ana this applies alike
20 farms and factories, 10 railroads and
banks. to all our legitimate commercial
enterprises.
In amy large holy 81 men. however,
there arc certain 10 he some who are dis.
hnue1ts and IL tho conditions are such
that these men prosper or commit theiy
nisdeeds with impuHity their example Is
= very evil thing for the community
Where these men arc business men vf
great Sagacity ana Of temperament both
interruptions and reckless and where the
conditions are such that they act with
out supervision or control and nj frs;
ion. they deluda many innorent people
INTO making Investments or embarking IN
Kinds OF business that are really nnsound
When the nIisdeeds or these successfully
dishonest men are discovered suffering
romcs not only lfpon them but upon the
innocent Inch whom they have misled IT
Is a painful awakening. whenever ii Dc
ours; and. naturally. when il does occur
those who suffer are ant TO forget that
the longer 1t WAS deferred the more pain
full VI would he. In the effort 10 punish
the guilty II II both wise and proper to
endeayer 50 far as possible to minimize
the distress Of those who have been mis-
ird by the guilty.. Yet it is not. possible
To reFfaiIl because or sach distress from
striving III put an end to the nslsdeeds
That are tie ultimate causes OF the siifr
fefings and. as q means 10 this end.
where possible to psinish those responsible
Tor them. There may be honest differ
ences OF opinion as 80 many governmental
policies; but surely there can be no such
differences MS 10 the need Of nnfinching
perseverance, IN the war against success
fril dishonesty
Panic Would Iirft the
Entire Business Community.
In my message TO the Congress on
December s. len5,f said.
III thu folly Of man mars Inc general
well-beine. then those who are innocefit
Of the folly VIII have 10 psv part Of the
penalty Incurred nv sliose who are guilty
OF the folly a panic brought on b. the
speculative folly OF part Of the business
community woed bart The whole bust
ness community: bat si{eh steppaEe OF
welfare though II might be severe,
would not be lasting. In the long run.
the one vital factor IN tho permanent
prosperity of the country is the high in
ran worker the average American citt-
yer, no matter whether his work be men
tai or manual. whether he be farmer or
wage-earner. business man or profess
sional man.
I'm our Industrial and social system |
the interests OF all incn are 50 closely In |
tertMined that IN the immense majority |
If eases siraiSht-deallns man, who 10y |
his efficiency. b. his ingenuity and indus |
try. -bcnrIi's. himsclf --Hus, slso s,enoist |
others Normally, The niau ~ great pro- |
duetiyr capacity Who becomes rich by |
Ill,,ing Tho labor OF many other men /
docs - hy enabling them TO produce /
more than they could produce without |
his guidsii and both he and they |
shcre IN he benefit. which comes also |
10 the public al large. The superficial /
fact that The sharing mas he unequal |
must never blind Us n the unseriyinx |
fact thar there rs his sharing and that /
the henfif cnrica w some decrs. 10 each I
man concerned. Normally the wage
worker. the man Of small means. and the 4
average consumer as well a. The aver
eye producer. nre al alike helped bv /
making conditions such that thr man OF 4
exceptional business ability receives N /
excepiio.al reward for his agility. Some
thing can be done by legislation 30 help i
the general prosperity. but no such help 4
NJ permanently beneficial character
cna be given TO the less able and less
save as the results OF a policy
which shall insure TO the advantage OF /
all Industrious and efficient people who
act deccnliy. and this is only another
way Of saying that any benefit which
comes 10 the less able aud less for
Iunafe must OF necessity come even more Il
10 the more able and more fortunate If. 1
therefore. the less fortunate man is ]
moved BIZ envy Of his more fortunate
brother 10 strike at tho conditions under
which they have both. though unegusity. 4
prospercd the result win assurcdie be
That while damage ma een4e To- tie one
sfrsfrk n u rifi visit with 81 even haar-
er iaai the cne who strikes the blow
Taken as whole. We must 81 GO up or
g down together
yet. --hile ms merely admitting. bit /
insisting UPON This. u - also true that
where farre ts - governmental restraint
,r Supervision Some - the exceptional
nsn Use their energies. moi in wars that
IRE fo- fhe common good. bui IN uava
which tell against this common good
rhe fortunes amassel through corporate
organization are now 80 large and vest {
.uch power in those that wicld them. AZ
o make it = matter Of necessity 10 give
o the sorereign-fhat Is. to the gov
.rnn1cnf which represents the people as
| uhoIc-some effective power Of super
'islon over their corporate use. In or
er to insure a healthy social and In
,usfrfal Efe. every big corporation
houId be held responsible b.. and be
rcaunfa be 10. some sovereign strong
aourh 70 control its conduct ! am
! nc sense hostile 10 corporations. This
an age u combination. and any effort
} prevent al curnbin1tfe viii be not
nIs useless. bur IN the end vscic1s. be-
sas- % fns corterrt fcr is~ 49,
= faErre - ert~--e I.~ ir--1t4riF
1sancez. we shcrid r1cfecrs-. reg
re n creds11 ard zrrrls f1scIc- re ~
.zse xnc1 eHetttf ~ frrper1ts e4en-
49,. - cd f|Ue