Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1907-08-22
GIVES NO QUARTER
President Roosevelt WIN Let Wall
Streets fearful Wan Go
Unheeded.
NO CHANGE IN POLICY NOW
In His speech at ProvIncetown, Mass.
He Makes II Clear That Law
breakers Need Expect No
Favore.

Favors.
ProvincetoWnj Mass, Aug. 21.-Th
laying Of the cornerstone OF tn
Cape Cod Pilgrims memorial moi
: ument Tuesday gave Presiden
Roosevelt his first opportunity Of tn
: summer to break silence upon pull
lie questions, and the 40 minute
speech which he delivered from |
platform on top Of Town Hill, wa
one Of vigor and directness upoi
matters Of national importance. TIL
feature Of his address was his ad
vocacy OF o national incorporation
law and his stand In relation to VIC
lators Of the law, especially corpora
lions. With emphasis he declared
that toe administration would moi
waver in its determination ITO punish
certain malefactors Of great wealth,
continuing he said:
There will be no change in. the
policy we have steadily pursued, no
let up In effort to secure the. honest
obs srvance of the law, for regard
this contest as one to determine who
shall rule this government, the peo-
pie through their governments
agents, or few ruthless and deter
mined men whose wealth makes
them particularly formidable be-
cause they hide behind the breast
works of corporate organization.
At one point President Roosevelt
departed for moment from his ad-
dress as originally prepared to re
mark fall that I have said as to de-
sirable and undesirable citizens, re-
mains true"
After paying tribute to the Puri.
tans who settled In Massachusetts,
and the English who settled in Vir-
ginia, and declaring they had done
the most in shaping the lines Of our
national development, the President
said among other things:
In the last six years we have shown
that there is no individual and no
corr grafton SO powerful that he or 1t
stands above the possibility Of pun
ishment under the law.
During the present trouble with
the stock market | have, of course,
received countless requests and sug.
gestions, public and private, that /
should say or do something to ease
the situation. There is world wide
financial disturbance It is felt In the
Bourses Of Paris and Berlin and, Brit
ish consols are lower, while prices
Of railway securities have also depre-
ciated. On the New York stock ex-
change the disturbance has been par
ticularly severe, most Of it, ], believe |
to be due to matters not particularly |
confined to the United States and to |
matters wholly unconnected with any
governmental action, but 1t may well
be T. at the determination Of the gov
ernment, in which gentlemen 1t will
not waver, to punish certain malefac-
.ors Of great wealth has been respon-
Iible. for something Of the troubles
It least to the extent of having
,acs these men to combine to bring
Tho as much financial stress as
he possibly can in order to discred.
tie policy of the government and
hsr by secure a reversal of that pol
c. s. that they may enjoy the fruits
u II ir own evil doings. That they
iare misled many good people into
,elie' ing that there should be such
ev';sal of policy is possible. II so,
arr sorry, but 1t will not alter my
Itiit.de. Once for all, let me say
het as far as am concerned, and
o. tie eighteen months of my ad.
ii. !etratlon that reHaip there will
&c no change In the policy we have
teadlly pursued, nor let up in.the
fro.t to secure the honest observ.
nc Of the law, for regard this con.
est IS one to determine who shall
ule this government-7the people
hro-sh their governmental agents or
few ruthless and determined mem
Thos wealth makes them particular
Y iormidable-because they are De-
ind the breastworks Of corporate or
ami. alton. n
i wish there to be no mistake on
bis ONT. II Is idle to ask me not !,
D prosecute criminals, rich or poor. !,
hut desire no less emphatically to
ave 1t understood that we have un.
ertaken and will undertake no &C
lon Of q vlndictlve type and above
II as no action which shall infiict
RET. or unmerited suffering upon
he innocent stockholders and upon {
he public as a whole. Our purpose v
J to act with the minimum Of harsh =
ess compatible with obtaining our
nds In the man Of great wealth q
fho has earned his wealth honestly ,
nd used 1t wisely we recognize a I
pod citizen worthy Of all praise and
aspect. Business can only be done Q
nder modern conditions through =
operations and our purpose is to Z
earthly favor the corporations that L
= w4il Tho administration annrs.
ates that noeral Uu, n.assI gFs..s
r legitimate promoters and gener- Z
~ dividends for capital employed =
Their in founding or continuing an c
NEST business venture, are the fac 9
rs necessary for successful corpor. y !.
e activity. and therefore fer gen.
ally prosperous business conditions. N
-All these are compatible with fair Z