The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1907-05-31
NO CHANGE IN POLICY
President Discusses Railroads in
Speech at Indianapolis
RATION MUST TAKE CONTROL

Asserts Right OF the Federal Govern.
ment to Supervise and Regulate the
Business Use of Wealth, Especially
In It's Corporate form.
indianapolis, May e1.-Presidens
Roosevelt was the orator Of the day
at the unveiling here Of the monument
TO Major General Henry w. Lawton.
The president spoke at length, the
quest ion Of federal control Of railroads
being his main topic. He said, In parti
One great problem that we have
before us Is to preserve the rights of
property; ard these can only be pre-
served If we remember that they are
In less jeopardy from the socialist and
the anarchist than from the predatory
man of wealth. Ii has become evident
that to refuse to invoke the power Of
the nation TO restrain the wrongs com.
mitted by the man OF great wealth
who does evil Is not only to neglect
the interests of the public. but Is to
neglect the interests of the man Of
means who acts honorably by his fel,
lows The power Of the nation must
be exerted to stop crimes OF cunning
no less than crimes OF violence. There
can be no halt In the course we have
deliberately elected 70 pursue, the pol
10y of asserting the right Of the nation,
so far as it has the power, to super.
wise and control the business use OF
wealth. especially in Its corporate
form wish to say q word to You
about the first and most important
feature Of this task the
Control Of the Common Carriers
doing an interstate business; a control
absolutely vested In the nation while
IN so far as the common carriers also
transport the mails 1t Is, In my opin-
ton. probable that whether their bust
ness is or Is not interstate 1t Is to the
same extent subject to federal con-
troll under that clause Of the COnstitu-
ton granting to the national govern
ment power to establish postcoads
and therefore by necessary implica-
ton power. to take ell action neces-
sary in order to keep them at the
highest point Of efficiency. s..-
Every federal law dealing with cor
porations or with railroads that has
been put upon the statute books idur-
ing the last six years has been step
In advance In the right direction All
action taken by the administration un-
der these and the pre-existing laws
mas been just end proper Every suit
undertaken during that period has
been a suit not merely warranted, 4 but
required, by the facts; suit
In the Interest Of the People,
as a whole, and. In the long run. par
ticuiarly in the interest OF stoc.hold.
ers as well ~ IN the interest Of busi-
ness men OF property generally. There
can he 10 sWcTVing from the course
that has thus been mapped out IN the
leelsla zion actually enacted and In the
messages In which l have ASKED for
further legislation We best serve
the interests OF the honest railway
men when we announce that we will
follow out precisely this course, 1t is
the course Of real, or ultimate con-
servatism. There will be no halt In the
forward movement toward full de-
velopmont of this policy; and those
who wish us TO take a step backward
or to stand still, II their wishes were
realized, would find that they had In
vited an outbreak of the very radical
ism they fear.
Such additional legislation as that
for which l have asked In the past.
and especially that for which l asked
ip my message at the opening Of the