The French Broad hustler. [volume] (Hendersonville, N.C.) 1896-1912, 1907-08-29
Observation-Disclosures.
|. 1lfR kAsfMspBlgy'
Warns AuVfriendly Interests h
Speech at ProyincetoWn
FIGHTS LaMBREsKERs ONLY
Contest Is Now On, He Declares, to
Determine Who Shall Rule-Im-
mense FortunesI Invested I'm Bust
ness Need Curling.

Provincetown, Mass. - Before a.
gathering OF 10000 persons, who
filled the old fishing village to over
flowing. President Roosevelt dis
cussed questions of the hour. His
presence was due to the.laying of the
cornerstone Of the monument to
commemorate the landing of the Pill
grims On New England soil.
The President arrived on the May
flower at 10 o'clock a. m, and was
greeted with a salute from the assem-
bled w~arships. As the President
landed a committee composed of
I Governor Guild of Massachusetts, the
president of the Pilgrim Society, and
the chairman of the Selectmen of
Provincetown, met him at the pier
and formally welcomed him to Massa-
chusettS. The carriages carrying
these officers, members of the Presi-
dents family and of the committee,
formed a procession and drove edi-
rectly to the hill where the ceremo-
MES attendant upon the laying of the
cornerstone Of the monument were
held.
Prayer opened the exercises at the
monument followed by brief Masonic
ceremonies. The president of the
Pilgrim Society thereupon introduced
the Governor, who in turn introduced
the President.
James Bryce, British Ambassador,
: was on the pregramA and followed the
President with an address, as did
also Senator Henry Cabot Lodge and
Representative William G. Lowering.
President Roosevelt in his address
asserted his belief that the ''particu-
larly severe" disturbance on the New
York Stock Exchange was for the
most part "due to matters not particu-
larlySsconfined to the United States
and to matters wholly u~nconnected
with any Governmental action" The
startling feature of this portion of
the speech was, however, his sugges-
ton OF another "rfch mems con-
spiracy" contained in this declara-
ton:
1T may wplI be that the determin-
alton Of theIGoyernment, in which,
gentlemen, itp@iN not waver, ito pun
ish certain m~alefaesors of, great
wealth has been responsible for some
thing of the troubles, at least to the
extent Of having caused these men to
combine to bring about as much
financial stress as they possibly "a
in order TO discfedit the policy Of the
Government and thereby to secure a
reversal Of that policy SO that they
may enjoy the fruits OF. their own
evil sdoings."
He asserted that it is necessary
to exercise a far more efieient con
troll than at present over the business
use Of those vast fortunes, chiefly
corporate, which are used in inter-
state business" State action, he
declared, could not produce whole
some results" and he advocated ma
tional' Incorporation for corporations
engaged in interstate commerce,
avowing that the most pressing need
was for a more complete control by
the Federal Government over. the
railroads under the interstate COM
merce clause, and, If necessary. under
the post road clause of the Constttu-
tion." III
The President spoke of the inter-
state commerce law and the anti
trust law as experiments which had
disclosed, the necessity of improve
ment or modification. He went at
length into the difficulties of convict
ing individuals for violations of BUSH
ness regulation enactments compared
with the relative ease OF procuring
yerdicts against corporations, but as
ss serted that the administration pro-
DOSG0 " lille AAS
prosecutions looked promising. He
: also took occasion to advocate once
more a national employers liability
law of increased extent and strin-
gency.
President Roosevelt spoke for forty
minutes. His entire speech was one
of vigor and directness and on mat
tiers of national Importance.
In the following unequivocal IAN
guage the President answered the
law-defying corporations which have
been creating Wall Street "pantcs
ard through their special agencies
4 have been attempting to make IT ap-
pear that the prosecution OF monopo-
! lies is hurting business and under
mining the Nations prosperity:
During the.lPresent~ trouble with
the stock market I have, 9f course,
Il received countless requests and sug-
gestions, public and private, that ]
should say or do something to ease
the situation. There is a worldwide
! financial disturbance. 1t is felt in
the bourses of Paris and Berlin, and
British consols are lower than for a
generation, while, British railway Sc
the New York Stock Exchange the
bdfsturbance has been peculiarly Sc
we're. -oce = 80
eeMost Of # ! believe to be due to
matters not peculiar to the United
Estates, and the most OF the remainder
to- matters wholly unconnectcf with
any GoverRmontal action: but it may
well be that the determination of the
Government, in which, gentlemen, =
81 will not'waver, to pdnish certain maj
sefactors of great wealth has been re-
spdnsible for something OF the trou-