Weekly Arizona journal-miner. [volume] (Prescott, Ariz.) 1903-1908, 1907-12-11

WASHINGTON. -. G., Dec. .. - The
annual message of the President was
rv~d today In both houses Of Congress.
Practically no business WAS attempted
by either body. The reading OF the mes
sage consumed two and "a quarter hours
in each house. Some measures were pre-
scented in the House No bills have yet
been introduced in the senate speaker
Cannon announced the committee ON
banking and currency. Its membership
was increased by an additional Demo
craf, making seven Of that party on ~"
csmmiut,c. The House adjourned until
Thursday. when " will probably adjourn
for the week The Presidents message
follows:
THE MESSAGE.
No nation has greater resources than
ours, and I think II can b. truthfully
said that the citizens of no nation pos
s~ss greater energy and industrial abil-
tty. In no nation are the fundamental
business conditions soundcr than In ours
at this very moment. and II foolish.
when such Il the case for people To
hoard money instead Of keeping II In
sound banks. for II is such boarding that
~ the immediate occasion Of money
stringency. Moreover. as "A rule. the bus
mess OF our people " conducted win
honesty and probity. ana this applies
AMI banks, 10 all our legitimate CONNER
clnl enterprises.
In any large body Of men. however.
there are certain To be some who are dis
honest. and II the conditions are such
that these men prosper or commit their
misdeeds with impunity. their example
IN n very evil thing for the community.
Where these men are business men OF
great sagacity and Of temperament both
INSCRIPTIONS and reckless, and where
the conditions are such that they act
without supervision or control and ut
hrst without effective check from pub
liz opinion. they delude many innocent
people into making investments or en-
barking In kinds Of business that are
really unsound. When the misdeeds OF
ttese successfully dishonest men are
discovered. suffering comes not only up
on them. but upon the innocent men
whom they have misled. IL N painful
awakening whenever II occurs; and,
naturally, when II does occur those who
suffer are apt to forget that the longer
II was deferred the more painful II would
BE-. In the effort To punish the guilty
II II both wise and proper to endeavor 80
Tar as possible to minimize the distress
81 those who have been misiod by the
guilty. Yet II Is not possible to refrain
because OF such distress from striving
30 put an end TO the misdeeds that are
the ultimate causes Of the suffering, and.
~ a means tai this end, where possible
TO punish those responsible for them.
There may be honest differences OF opin-
ION 10 many governmental
but surely there can be no such differ
ences as To the need Of unfiinching per-
.serverance In the war against successful
dishonesty.
In my Message to the Congress on
December 9. 1895. ] said
III the folly OF man mars the general
well-being. then those who are Innocent
OF the folly will have to pay part ~ the
penalty incurred by those who are guilty
of the folly. A panic brought on by the
speculative folly of part OF the business
community would hurt the whole bust
ness community; but such stoppage Of
would not he lasting. In the long run,
the one vital factor In the permanent
prosperity OF the country N the individ-
usi character of the average American
worker, the average American citizen.
no matter whether his work be mental
or manual. whether he be farmer or
wage-worker. business man or profess
s,2gSi man ,,.,r,., ~, .o,,o, ,,.,.m
the interests OF all men are so closely
interuwined that In The immense majority
Of cases a straight dealing man, who by
his efficiency, by his ingenuity and In
dustry, benefits himself, must also bene-
ht others. Normally. the man Of great
productive capacity who becomes rich
by guiding the labor Of many other men
does so by enabling them 10 produce
more than they could produce without
his guidance; ana both he and they
share IN the benefit. which comes also Ia
Ipibut AZ Ins HuptfUc1dl TACT
that the sharing may be unequal must
never blind as 90 the underlying fact
that there ~ this sharing. and that the
benefit comes Ia some degree 10 each
man concerned. Normally, the wage
worker. the man Of small means, and
the average consumer, ~ well "a IN.
average producer, are all alike helped
by making conditions such that the man
o. exceptional business ability receives
an exceptional reward for his ability
Something can be- done by legislation "a
help the general prosperity: but no such
help OF permanently beneficial char
acter can be given Ia the less able and
less fortunate save a. the results OF n
policy which shall inur To the advan-
tage of all industrious and efficient peo-
pie who act doCently; and this IL only
another way of saving that any bench,
which comes 10 the less able and less
fortunate must of necessity come even
more 10 the more able ana more forum.
ate, IT, th"retorc, the less fortunate mar
Is moved by envy 81 his moro furtunnt,
brother to strike M the conditions undcI
which they have both. Though uncuually
pruspered the result Will assuredly b,
that while damage may come To the on,
struck at, II VIII visit with an ever
heavier load thu one who strikes m,
blow. Taken az q whole, We must all W
up or down together.
yet, while not merely admitting, bu
Insisting upon tnis. II IL also true tina
wh re there ~ ma governmental restrain
o. Hupivl~ion some of the exceptions
~. n use their energies not In ways tina
arr Tor ihr common good. hut IN way
which toll against tnis common good
The fortunes amused through corporate
nrfaniaatlon are now 81 large. and ves
, Nncn bower In those that WELD them, Al
Ito make It a maiter of necessity 10 CIV,
e rhe vpvcrelgn--that Is. 10 the Govern
ShL which represents the people as
&e-eifcctive power 81 supervise n
their corporate use. In order To- in
healthy social and Industrial life
Y "'"o"rntion should be- held re-