The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1907-08-30
President Roosevelt Will Let Wall
Streets fearful Wall Go
Unheeded.
mo CHANGE IN POLICY NOW
In His Speech at Provncetown, Mass.
ste Makes It Clear That Law
breakers Need Expect No
Favors.

Roosevelt his first opportunity OF the
summer to break silence upon pub
Lie questions, and the 40 minutes
speech which he delivered from a
platform on top of Town Hill, was
one of vigor and directness upon
matters of national Importance. The
feature of his address was his ad-
Wocacy of a national incorporation
law and his stand in relation to VIC
yators of the law, especially corpora
sions. With emphasis he. declared
shat tle administration would not
yraver in it's determination Ito punish
CERTAIN malefactors of great wealth"
continuing he said:
There will be no change in the
policy we have steadily pursued, no
let up in effort to secure the honest
observance of the law, for | regard
this contest as one to determine who
shall rule this government, the peo-
Ole through their governmental
agents, or a few ruthless and deter
mined men whose wealth makes
4hem particularly formidable be-
N-@Atlct lLIlt.y uluC ShS VI SetoS
Rorks of corporate organization"
At one point President Roosevelt
departed for a moment from his ad-
dress as originally prepared to re-
mark "all that l have said as to de-
sirable and undesirable citizens, re-
mains true"
After paying tribute to the Puri-
cans who settled in Massachusetts,
and the English who settled in Vir-
:ginia, and declaring they had done
Ehe most in shaping the lines of our
national development, the President
said among other things:
In the last six years we have shown
that there is no individual and no
corporation so powerful that he or it
stands above the possibility of pun
5shment under the law.
During the present trouble with
khe stock market 1 have, of course,
received countless requests and sug-
gestions, public and private, that 1
should say or do something to ease
( Nlls situation. There is a world wide
financial disturbance 1t is felt in the
U3ourses of Paris and Berlin and Brit
jsh consols are lower, while prices
al railway securities have also depre-
GIFTED. On the New York stock ex-
change the disturbance has been par
aicnlarly severe, most of it, believe
70 be due to matters not particularly
confined to the United States and TO
matters wholly unconnected with any
governmental action, but it may well
eythat the determination of the gov
sJnment. in which gentlemen 1t will
Not waver, to punish certain malefac-
tors of great wealth has been respon-
eifble for something of the troubles
at least to the extent OF having
caused these men to combine to bring
about as much financial stress as
ehey possibly can in order to d1scred-
n the policy of the government and
thereby secure reversal OF that pol
ICY SO that they may enjoy the fruits
of their own evil doings. That they
slave misled many good people into
Believing that there should be such
reversal of policy is possible. III so,
I am sorry. but it will not alter my
attitude Once for all, let me say
shat as far as / am concerned, and
for the eighteen months of my ad-
ADMINISTRATION that remain there Will
ne no change in the policy we have
steadily pursued, nor let up in the
effort to secure the honest observ-
.ance of the law, for | regard this con-
N4 LOTT NUhn
Ynle this government-the people
through their governmental agents or
A few ruthless and determined men
whose wealth makes them particular
" ormidable-because they are ne
mind the breastworks of corporate or
ganiZation.
81 wish there to be no mistake on
this point. 1t is idle to ask me not
TO prosecute criminals, rich or poor.
Rut | desire no less emphatically to
have it understood that we have I'M
dertaken and will undertake no &C
zion of a vindictive type and above
all as no action which shall inflict
great or unmerited suffering upon
The innocent stockholders and upon
The public as whole. Our purpose
Is to act with the minimum of harsh
ness compatible with obtaining oul
ends. In the man of great wealth
who has earned his wealth honesu!
and used it wisely we recognize
good citizen worthy OF all praise an'
respect. Business can only be dom
under modern conditions through
corporations and our purpose is Il
heartily favor the corporations tina
do well. The administration appre
ciate3 that liberal but honest prom
for legitimate promoters and geneI
ous dividends for capital employs
either in founding or continuing a
honest business venture, are the faS
tors necessary for successful corpol
ate activity, and therefore for ger
orally prosperous business conditions
IAN these are compatible with fai
dealing as between man and man, an
rigid obedience to the law. Our ali
rs to help every honest man, ever