The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-20
President viii Keep on
Fighting Trusts Regard
less of Pressure.
NO IDEA OF WAVERING
Anti. Trust Laws Need Amend
ment..Prison Penalties for Vio-
latOrS. :. Greater Protection
for Railroad and Other
Employees.

PROVINCETOWN, Mass. Aug. 2O.-
President Roosevelt. in speech deiiv-
cred today on the occasion of the lay
ing of the cornerstone of the Pilgrim
memorial monument, took occasion to
refer to his policies in relation to
trusts, railroads and other matters OF
Importance in the conduct Of his ad-
ministfation.
Most significant and important was
the following declaration of contin-
uance Of his policy in dealing with the
trusts;
"During the present trouble with the
stock market, 1 have, of course, re-
ceived countless requests and sugges-
tions, public and private, that l should
say or do something to ease the situ"-
tiOn. There is worldwide hnaDcini
disturbance. 1t In felt Ia the bourses
OF Paris and Berlin and British Com
soIs are lower, while prices of railway
securities have also deprecated.
"On the New York stock Exchange
the disturbance has been particularly
severe most OF it 1 believe to he due
TO matters not particularly confined to
the United States md to matters
wholly unconnected with any govern
mental action, but 1t may well be that
fhe determination of the government,
10 which. gentlemen, 1t Will not waver,
to punish certain mnlefactOrs of great
wealth has been responsible for some
thing of the troubles, at least to the
e-tent of having caused these men to
combine to bring about much fn1n-
ciaI stress as they possibly can In or
der to discredit the policy of the gov
eminent and thereby to secure a re-
yersal of that policy so that they may
enjoy the fruits of their own evii-doinx.
"That they hnve mis1ed many good
people into believing that there should
be such reversal of policy is possible.
II so, 1 am sorry, but 1t will not alter
NV attitude. ONCE FOR ALL, LET
ME SAY THAT AS FAR AS AM CON-
cERNED, AND FOR THE EIGHTEEN
MONTHS OF MY ADMINISTRATION
THAT REMAIN, THERE WILL BE NO
CHANGE IN THE POLICY WE HAVE
STEADILY PURSUED. NOR LET UP
IN THE EFFORT TO SECURE THE
HONEST OBSERVANCE OF THE LAW,
FOR 1 REGARD THIS CONTEST AS
ONE TO DETERMINE WHO SHALL
RULE THIS GOvERNMENT-THE
PEOPLE THROUGH THEIR GOVERN
MENTAL AGENTS, OR A FEW RUTH
LESS AND DETERMINED MEN
WHOSE WEALTH MAKES THEM
PARTICULARLY FORMIDABLE, BE-
CAUSE THEY HIDE BEHIND THE
nREAsT WORKS OF CORPORATE
ORGANIZATION.
at wish there to be no mistake ON
this point. 1t Is idle to ask me not to
prosecute criminals, rich or poor. But
1 desire no less emphntfcaIly to have 1t
understood that we have undertakes
and viii undertake no action of vim
dicntive type, and above all no action
which shall inhict great or unmerited
suffering upon the innocent stOckhOld-
ers and upon the public as whole.
Our purpose is to act with the mini
mum Of harshness compatible with OBJ
tanning our ends.
ain the man of great wealth. who
has earned his wealth honestly and
used 1t wisely, we recognize a good
citizen worthy of all praise and re-
spect. Business can only be done un-
der modern conditions through corpOr-
atiOns, and our purpose Is to heartily
favor the corporations that do we'll
sSThe administration appreciates that
liberal but honest profit for Legitimate
promoters and generous dividends for
capital employed, either In founding or
continuing an honest business venture,
are the factors necessary for SUCCESS
full corporate activity, and therefore
for generally prosperous business con-
ditIons.
"An these are compatible with fair
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
Its ultimate analysis healthy and
prosperous expansion of business activ-
Ities of honest business men and honest.I
corporations"
In his Introduction the President conf
pared conditions just after the Pilgrims
landed with those of today, and made
their spirit in dealing with affairs, and
makes it the text for discussion of
his administrative course He said:
The utterly changed conditions of
Dur national life necessitate changes in
certain of our laws of our govern
mental methods. Our federal asysteIn
OF government Is based upon thS theory
Of leaving to each community, Ito each
state, the control over thosd things
which affect only its own members and
which the people of the locality them
selves can best grappIe with, while
providing for national regulation In
those matters which necessarily affect
The nation as whole. 1t seYms to me
Aat such questions as nati4nal SOW
GContlnued on Fifth Pa4e.l