Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1907-12-04
EXISTS; SIMPLY MAKE 1T
EFFECTIVE THEODORE ROOSEVELT
CONTINUED from Page one)

tn ISSHASlfOn OF competitions
/ have called your attention In
these quotations to what / have al
ready said because / am satisfied that
1t is the duty of the National Govern
ment to embody In action the princi-
pies thus expressed.
interstate Commerce.
Nc small part ss s The tT0;i1f5iie that
we have comes from carrying to an
extreme the national virtue Of self
reliance, Of independence in initiative
and action. It is wise to conserve
thise virtue and to provide for its full
est exercise, compatible with seeing
that liberty does not become a liberty
to wrong others. Unfortunately this
is the kind of liberty that the lack
Of all effective regulation inevitably
breeds. The founders OF the ConstI.
tuition provided that the National Gov
ernment should have complete and
sole control of interstate commerce.
There was then practically no inter
state business save suen as was c0ns
Quoted by water. and this the Ma
tional Government at once proceeded
to regulate in thoroughgoing and eff
fectiye fashion. Conditions have
now so wholly changed that the inter-
state commerce by water is insignifi-
cant compared with the amount that
goes by land, and almost all big bus
mess concerns are now engaged in
interstate commerce. As q result, II
can be but partially and imperfectly
controlled or regulated by the action
of any one of the several States; such
action inevitably tending to be either
too drastic or else too lax, and in
either case ineffective for purposes
lof justice. Only the National Gov
| eminent can in thoToughgoing fashion
exercise the needed control. This
| does not mean that there should be
any extension of Federal authority,
for such authority already exists un-
der the Constitution in amplest and
most far-reaching form; but it does
mean that there should be an extern
| sion of Federal activity. This is not
advocating Capitalization. 1t is mere
| ly looking facts in the face, and real
| iZing that Capitalization in business
has already come and can not be
! avoided or undone, and that the pub
lie at large can only protect itself
from certain evil effects of this bust
ness Capitalization by providing bet
| ter methods for the exercise OF con.
troll through the authority already
centralized in the National Govern
ment by the Constitution itself. There
must be no halt in the healthy CON
structiye course of action which this
Nation has elected to pursue, and
has steadily pursued, during the last
six years, as shown both in the legis-
lation OK the Congress and the adj
ADMINISTRATION of the law by the De-
partmeut Of Justice. The most vital
need is iii connection with the rail
L.
there should now be either a national
incorporation act or law licensing
railway companies to engage IN inter
state commerce upon certain condi-
tons. The Law should be so framed
as to give TO the Interstate Commerce
Commission power to pass upon the
future issue of securities, while ample
means should be provided to eraEie
the Commission, whenever in its
| judgment it is necessary, to make a
| physical valuation of any railroad.
| AS I stated in my Message to the
| Congress a year ago, railroads should
| be given power to enter into agree
ments, subject to these agreements
| being made public in minute detail
! and to the consent of the interstate
/ Commerce Commission being first OBJ
| tanned. Until the National Giverq-
| ment assumes proper control Of inter
state commerce, in the exercise of
the authority it already possesses, it
will be impossible either to give to
or to get from the railroads full JUS
| tice. The railroads and all other
| great corporations will do wen to rec
ognize that this control must come,
/ the only question is as to what gov
| ernmental body can most wisely exer-
| else it. The courts will determine the
! limits within which the, Federal au-
thority can exercise it, and there will
still remain ample work within each
State for the railway commission of
| the State; and the National Interstate
Commerce Commission will work in
harmony with the several State COM
missions, each within It's own prov
ince, to achieve the desired end.
+ STTSEITIaTT r%ITII- . USI LdW.
Moreover, Il nay judgment there