The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1907-09-06

his OutSpoken utterance. He has
elected to fight with the masses and
/ let the business and financial people
| shift for themselves. It has increased
/ his popularity with the masses i'm
mensely but it has increased his un-
!, popularity with the more well to do.
| The latter class, of course, make a
small minority and for his purpose the
/ President can better afford to have
their enmity than the enmity of the
rank and file, by whose support he
/ has won his big battles in politics.
Many of them are Republicans any
way, who would not be apt to desert
/ the ticket next year for anybody the
/ Democrats nominate for president. al
though the prospect of a considerable
following of such men voting with the
opposition in state elections this au-
tumn for the purpose of emphasizing
their resentment has not been over
looked.
Then even the politicians who know
the President are convinced of his sin
cere attachment to the principle of
trust subjugation to law, which he
has so often preached. Many, who
agree with him in the principle, think
8 he could operate on other lines more
tactfully and more effectively, never
theless, once driven to make a public
statement, there could be little ques-
ton what ground the President would
take.
i Presumably the President had not
Il fully decided to make his public deci-
sion till after his ship, the Mayffower,
was on Long Island Sound, voyagins
from Oyster Bay to historic Province
! town. At any rate the copy of his
/ statement, to be used as an insert in
, his address, was not given to the press
till the bright, sunlit morning. when
. his ship had rounded Long Point al
the tip of the beckoning finger of Cape
. Cod and had sailed into Provincetown
harbor along the same course that the
, Mayflower of the Pilgrims is supposed
to- have sailed in November. 1920
There had been numerous conferences
a at Oyster Bay, at which the matter
had been talked over. AS a result OF
these conferences, the President decid-
ed to eliminate from his speech. copies
of which had already been sent out tc
, the newspapers, a declaration that the
Department of Justice would press fol
receiverships for the trusts and com
binations that were violating the Sher'
man antitrust Law.
: RECEIVERSHIP PLAN DROPPED
That action is taken to mean thai
! this plan of harassing Illegal trus
combinations has been abandoned.
few weeks ago it was heralded witt
great acclaim as new step IN the
administration program. 1t is suppos
: ed that Secretary of State Root ad
vised against it, presumably on TIT
ground that it was doubtful whethel
the courts would uphold such motion
on the part of the Department of JUS
tice The President recognizes in Sec
rotary Root the ablest lawyer Of hi
cabinet on corporation questions an(
generally takes his advice before max
ing any important legal movement.
The refusal of the President to open
ly sanction that proposition, first ad
. vanced by the Assistant to the AT
\ ! tornay General, Milton D. Purdy, i
+ some consolation to the trusts AM
= ! combinations. The good trusts. as n
chooses to designate some of them, al
I so find a rainbow of hope, in the Pres
idents advocacy of a modification o
: the Sherman antitrust law which vii
allow some combinations when mad
y in the open and with the sanction o
the governments representatives.
o Since the Provincetown speech wa
q delivered there has generally been
!. better feeling. An impression has pre-
, vailed that the worst the Presiden
n intends to do is now known and tina
. he has spoken more radically tha
q Congress will sanction. He urge
q anew the federal Incorporation Of com
a panies doing an interstate business
= From that. however, Secretary Tai
= dissents, as stated in his speech a fe'
: days ago at Columbus. Ohio. 1t is no
>, at all probable that Congress will en
I act a federal incorporation law befor
I the close of Mr.. Roosevelt's term.
! is unlikely that Congress will eve
! seriously consider the Presidents rec
Y concentrations at Provincetown 10
n the assumption of complete fedora
/ control over railroads under the "pos
q roads clause Of the Constitution. c
&c the imposition of confiscating incom
or inheritance taxes. The Republica
party has endorsed none of these prog
ositions IF the President tries
-o press them al the next session of Cor