Los Angeles herald., 1907-10-03

should be national legislation to control
all Industrial corporations doing an inter-
state business including the control of
the output OF their securities, but as to
| these the necessity for federal control
is less urgent and immediate than is the
case with the railroads Many of the
abuses connected with these corporations
will probably tend to disappear now that
the government-the public is gradually
getting the upper hand as regards put.
| ting a stop to the rebates and special
privileges which some of these corpora
tions have enjoyed at the hands of the
common carriers.
''But ultimately it will be found that
the complete remedy for these abuses lies
In direct and affirmative action by the
national government. That there is con-
stitutional power for the national reeu-
lation of these corporations L have my
| self no question. Two or three genera
| tions ago there was just as much hos
tility to national control of banks as
/ there is now to national control OF rail-
roads or of industrial corporations doing
an interstate business.
I THAT hostility now seems to us ludi-
crous in it's lack of warrant; in like
manner, gentlemen, our descendants will
regard with wonder the pres ent oppo-
sition to giving the national government
| adequate power to control those great
corporations, which it alone can fully
and yet wisely, safely and justly control.
Remember also that to regulate the for
nation of these corporations offers one
| of the most direct and efficient methods
of regulating their activities
81 am not pleading for an extension OF
| constitutional power. l am pleading that
| constitutional power which already exists
shall be applied to new conditions which
did not exist when the constitution went
into being. I ask that the national
powers already conferred upon the ma
tional government by the constitution
shall be SO used as to bring national
commerce and the industry effectively
| under the authority of the federal gov
ernment and thereby avert industrial
chaos. My plea is not to bring about
i condition of Capitalization. 1t is that
the government shall recognize condi-
ton of Capitalization in a field where 1T
already exists. All l ask is that the
national government look this fact in the
face accept it as, a. fact and fit itself
accordingly for a policy of supervision
and control over this centralized com
merce and industry.
1 Governor Curry Lost
The party was scheduled to leave at
l2:9o o'clock, but the president did not en-
ter his carriage until after o'clock. Ar
irving at the wharf 1t was found that
Governor Curry of New Mexico, who was
! to travel with the president, was not
Il aboard the steamer. A search OF half
hour revealed Governor Curry on the
steamer Alton. He was summoned by
the president and the Mississippi cast on
her moorings an hour behind scneduie
time She was followed by the United
States steamer Colonel MackenzieS carry
ing the members of the inland waterways
commission, the Alto bearing the COVER
nors of fifteen states; sixteen other large
steamboats, and host of smaller craft.
AS the flotilla passed Jefferson barracks,
twelve miles below ST. Louis, the soldiers
uuartered there stood at attention on the
shore and the presidential salute was
fired.
The president intended to go aboard the
Mackenzie tonight for conference with the
members of the inland waterways COM
mission, according to DR.. w. j. MCGEE,
the commissions secretary. 1t was in
tended that the Mississippi and Mackenzie
come together in midstream and the
president go from one boat to the other.
! Tomorrow the president will deliver a
speech at Cairo, III.
conqratuIates "Stork" Mayor
AS President Roosevelt's boat passed
Alton, ILL.,, this morning mammoth
poster placed along the river front con-
fronted those on board reading:
"This is Alton, $4,000 inhabitants, twen-
ty-five Mills from st. Louis. We have a
| stork mayor"
When President Roosevelt reached
here he sent the following telegram to
Alton: Congratulations to Alton and its
II, 900 people, including stork mayor"
The "stork mayor is Mayor BeaN, who
constructed flats and rented them only to
families with children. ~