Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-12

man coming here, but up to this time he
has not done so. There is a shrewd belief
that Mr. Hartman has been working Lew
YORK newspapers overtime with reassuring
material for the good effect ii will have
on the stock market which has had such
downward rush for some time. Atten-
ton was called today to the fact that the
market this morning opened strong, much
stronger than for days, and this is sup
posed to be due to the talk Morgan had
with the President last night
What Will President Dop
There is world of speculation as to what
the President can do, if disposed, to help
the public to the conclusion that the rail-
roads have Joined hands with the govern
ment In wanting good laws for their con-
troll. There has for months been talk about
the President giving out reassuring advices
as to his good intentions to the railroads
The only thing approaching this was the
Presidents speech to Harvard students, in
which he declared that the admnistra ton
was not seeking to disturb legitimate capt.
tai. 1t is now understood that the corpora
ton remarks in that speech We're made to
be reassuring in their tendency. However,
the President took the ground that the
states cannot do justice to both sides in the
control of corporations.
The railroads now complain that they
have been injured more by adverse legsla-
ton by state legislatures than by federal
legislation. and they practically unit
with the President in the attitude that the
control of railroads should be placed almost
wholly under the federal government. The
railroads admit that their hardest blows in
the last year have come from state legisla-
lures.
The Presidents Harvard Speech.
This is what the President said at
Harvard. and may be considered fore
runner of important announcements after
T.
dents:
so it is with the great questions which
group themselves round the control of
corporations in the interest of the pub
1fc There has been a curious revival
OF the doctrine of state rights in con-
nection with these questions, by the peo-
pie who know that the states cannot
with justice to both sides practically
control the corporations, and who there
fore advocate such control because they
DO not venture to express their real
wish, which is that there shall be no
control at all. Honest and fair dealing
railway corporations will gain and not
lose by adequate federal control: most
empha tically, it is both the duty and
the interest of our people to deal fairly
with such corporations, and to see that
a premium Is put upon the honest man.
agement of them. and that those who
Invest in them are amply protected. But
those who invoke the doctrine Of state
rights to protect state corporate crea-
tons In predatory activities extended
through other states are as short sighted
as those who once invoked the same
doctrine to protect the special slave
holding interest The states have shown
that they have not the ability to curb
the power of syndicated wealth, and,
therefore, in the interest of the people,
it must be done by national action Our
present warfare is against special privi-
lege. The men-many of them, 1 am
sorry to say. college men-who are
prompt to speak against every practical
means which can be devised for achiev-
ing the object we have in view-the prop
er and adequate supervision by the fed
eral government of the great corporations
doing an interstate business-are, never
thcless, themselves powerless to SO much
as outline any plan of constructive states
manship which shall give relief"