The Glenwood post., 1907-12-07
Paragraphs from the message:

1 is foolish for people to hoard mon
ey. instead of keeping it in sound
banks.
There should be either national in.
way companies to engage in interstate
commerce.
Until the national government assumes
| proper control of interstate commerce
it will be impossible either to give to or
to get from the railroads full justice.
Experience has definitely shown not
merely the unwisdom, but the futility
of endeavoring to put stop to all bust
ness combinations.
1t ia profoundly immoral to put or
I keep on the statute books law nom-
inally in the interest of public morality
that really puts premium upon public
immortality by undertaking to forbid
honest men from doing what must be
done under modern business conditions
1t is unfortunate that our present
laws should forbid all combinations
1 believe in proper publicity.
combination should not be tolerated
if it abuses the power acquired by the
| combination to the public detriment.
The great evils in the execution of
| our criminal laws today are sentimen-
tality and technicality.
Provision should be made for an
emergency currency. The emergency
| issue should, of course, be made with an
effective guaranty and upon conditions
carefully prescribed by the government.
Ample, safe and speedy transporta
tion facilities are even more necessary
than cheap transportation.
The pure food law was 50 violently
opposed that its passage was delayed
for a decade, yet it worked unmixed
and immediate good.
We need greater elasticity in our
currency, provided, of course, that we
recognize the even greater need of a
safe and secure currency.
No legislation can by any possibility
guarantee that business community
against the results of speculative folly
any more than it can guarantee an in
dividual against the results of his ex-
travagance.
The subject (the tariff cannot with
wisdom be dealt with the year preced
ing a presidential election.
A graduated income tax of the proper
type would be desirable feature of
federal taxation.
There must be public opinion back of
the laws or the laws themselves will be
Of no avail.
Responsible agreements between, or
combinations of corporations should be
be permitted, provided they are first
submitted to and approved by some ap-
propriate government body.
The antitrust law should not be re-
pealed, but it should be made both more
efficient and more in harmony with ac-
tual conditions.
Concerning the reclamation service
the president has the following to say:
. O Q Q Q Q 9 Q Q Q Q o Q Q Q o
. The work of the reclamation @
{. service in developing the larger op- o
| . portunities of the western half of o
o our country for irrigation is more Q
o important than almost any other o
f; o movement. The constant purpose o
Q of the government in connection o
o with the reclamation service has o
o been to use the water resources Of Q
o the public lands for the ultimate Q
. greatest good of the greatest num- Q
Q Der; in other words, to put upon o
@ the land permanent home. makers, o
o to use and develop it for them .
. selves and for their children and o
o children's children. There has o
Q been, of course, opposition to this Q
Q work; opposition from some inter o
o ested men who desire to exhaust o
o the land for their own immediate Q
o profit without regard to the well o