The herald and news. [volume] (Newberry S.C.) 1903-1937, 1907-12-06
PRESIDENT 'SMESSACE

The president In his mcssngc to con.
grcsS says:
NO tntlOi has greater resources than
ours. and think It can be truthflilly
said that the citizens Of no nation pos
sess greater energy and Industrial nblI.
fty. In no nation are the fundamental
business conditions sOundcr than In
ours ut this very moment. and II Is
foolish when such Is the case for Deo-
pic to h0nrd money instead OF keeping
1t In sound banks. for II Is cNl0ard-
ing that Is the immediate Occusion OF
rule. the business Of our people Is con
Quoted with honesty ard pr0bity. and
this applies alike to farms and fac
tories. to railroads and banks. to all
our Legitimate commercial enterprises
In any large body Of men. however,
there are certain to be some who are
dishonest. and If the conditions are
such that 'hrs" men prosper or commit
their miS'l""ds with inpunlty their
example IS - very evil thing for the
business men of Errn' snyarity nnd,O"
temperament ho:h Inscriptions and
reckless, nn1 " here tn" conditions are
such that they act without supervision
Or control and al first without effective
check from public opinion, they tIrl,IIo
many inn""rnt people Into making in
NcSlni"niS or "Inl,HrkinG In kinds Of
business that are really unSOulm When
thr miS,rrtls Of these successfully dis.
honest men are discovered, suffering
comes not only upon them. but upon
til" innn"nI whom they have miSlrd.
II is Il painful awakening. whenever II
occurs Hnh naturally when il docs
cur those who suffer ar" apt to forget
that the longer il WuH deferred HE
more painful ii would be. In the effort
to punish ia" guilty It Is both wise and
proper to cndrnvor 80 far as possible
to minimize the distress OF those who
have been miSlrd hy thc guilty. Yet II
Is not pn&&iblr 10 rrfrnin because Of
such distress from striving, to put nn
end 10 the mi!'I"",lS that are The ulli
mate rHlI%r%; Of the %ulfrtin. and rs Il
nranT IT, lli% end. where pn>Nii,lr To-
punish those responsible for ih"u
TArr. may hr honest differences; Of
opinion as to many governmental poll
cirS. but surely there can be II" such
differences MS 10 the need of unilinrh
ing perseverance" in the war against
Surrr&.;rul dishonesty.
Interstate Commerce.
No small part of the troubIr that we
have comes from carrying iO an OK.
tr"m" the national virtue Of Srlf rrli,
nnrr. OF Independence In initiative
and action. II Is wise to conserve this
virtue and To provide for It's fullest
exercise compatible with seeing that
liberty does not become Il liberty to
WRONG others. Unfortunately this Is
tho kind OF liberty that the lack OF nll
effective regulation Inevitably breeds.
The founders of the constitution pro
yid@l that the nntionnl government
should hnvo complete and solc control
OF, Interstate commerce. There was
then practically no Interstate business
save such nE WAS conducted by water.
and this the national government at
once proceeded to rcEuIntr In thorough.
going and effective fashion. Conditions
have now so wholly changed that the
Interstate commerce by water Is InSiE.
nitirnnt compared with the amount
that goes by land. and almost all hiE
business concerns are now engaged in
intrrStntr commerce. AZ Il result 1T can
he but partially and lmpcrfcctly CON
ti"llr,l or regulated hy the action of
amy one OF the several states. such nc.
tinn inevitably tending to hr either
too drastic or else too lax and lin either
rnsc IrrIlrriivr for purposes OF justice.
Only the national government can IN
th"r"uEhEnlnE fashion exercise the
needed control. This does not mean
that there should hr amy extension OF
federal authority. for such authority
already exists under the constitution
IN umplrSt AMI most far rrnchur fnrm
hut II docs mean that there should br
m cNtrn*lon of federal activity. This
IL not advocating Capitalization. Ii Is
merely looking facts In the face and
realizing that Capitalization in business
hn" already come aud cannot hr avoid.
cu or undunr and that the public at
large Cnn only protect itself from ccr-
'Hln evil effects OF this business cen.
trall%ntt"n 10y providing hrttrr methods
for the exercise Of ruutrul through the
authority already centralized In the
national government Ivy the conStitu.
tlon itself. There must be no halt IN
tho healthy constructive course OF nr.
tion which this nation has elected 70
pursue and has steadily pursued dur
Ing thr last SIX years. rs shown both
IN the Legislation OF the congress and
ihr administration Of the law hy the