The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1907-04-03
pSeflpgMr CAN sEE NO REAsoN
| ppR 4 PUBLIC ApDRSss ON
! RAILROAD SITUATION.
rlnos n foaSfa DECLARATIONS
N Favor or EFFECTIVE GOVERN.
/ mRMf SUPERVISION OVEN
CORPORATIONS.

Roosevelt, u declining the invitation
oe - Illinois Manufacturers' associa-
ttoo 20 make IN address at Springfield
ne1k week On the railroad situation.
wsikos . letter to G. H. Smith, presi-
deot ce tho association, explaining
suoh en address from him at this time
would b useless. as his position was
wen undW1tood and - he Glands by
his pyqviously expressed Views. To
tho dli4srent men. friendly and un.
friendly, who have Waited him or writ
ten 70 him, he has answered verbally
Or % writing that his words and acts
spoke for themselves and needed no
ext)anations whatever and that he
sho&M not Ii his future course devi-
ate. ono hairs breadth from the
cop9se be has pursued in the past and
vae now pursuing.
From IN authoritative source 1t is
leerned that the president has not the
sliGhtest intention OF taking any ac-
tion which would invalidate railroad
securities. The president holds. on
thu other hand, that every executive
action OF his administration regard
Ing the railroads has furnished It's own
ample justification. Neither has the
president. II is pointed out. made any
reference 70 the physical valuation Of
railroads, holding tho roads capable Of
working out that problem Tor them
oelveA Atten&ion II called to the fact
that the Northern Pacific and Great
Northern roads, already have submit
ts1 neurss regarding such valuation. 1t
4: also zen understood that the pres
ident Ag11n will ask congress for
power "a deal with overcapitalization
q rai1rpads. which request was do
nied at mo late session.
Reltsratss Former Position.
The president. IN his letter to Mr..
emith. Outlines at length his position
O. the raylfoad question by means Of
oopious extracts from q speech he de-
liveeed = Raleigh. N. c.. Oct. 10. 1905;
anpthsr From speech delivered in
Warrington Nov. II, 1905. and from
~ late messages to congress. His
poettion since the time Of his ad-
dresses and mesaAges. the president
declares. have been amply justified by
tho course Of events. It's wisdom Is
Obvious, he adds, and there Is no oc-
cesion q reason for ampliflcation ut
present.
Quoting from his Raleigh address
~ psssidsnt calls attention to his
belief that the government should do
n4lhing which can properly be left In
pxlvate hands. but that such regula-
ttnns should be exercised against the
railroads - to insure their operation
q : spirit Of fairness to all con
oerned- whatever power the govern
ment wiNlds must be with wisdom,
contion and self-restraint Railroads,
~ declares. must be protected from
any public clam0r, no matter how vio-
leht, when the roads were In the right.
Rexarring to his Washington ad-
deA6e the. president says railroad rates
axA n6k ~ q whole too high. but that
tho exu6 that exist are due to unjust
discrimination and this should be pre-
vented BY Law.
Ia Quoting from his messages to
congress the president outlines again
hts well known views favoring effec-
tive government supervision over cor
porate organisations. holding any ef-
tQrt to prevent all combinations would
b useless and vicious. He also iusti
n0s the new interstate commerce law.