The Washington herald., 1907-05-31
Declares Railroad Supervis-
ion Is Here to Stay.
WANTSST0CKSW WATCHED
Law Should Reach FinancierS
Who Loot Properties.
In Address at Unwilling of Lawton
Monument, President Restates His
Position i'm Favor of Preventing
Overcn pitRIIzation and Authority
20 Make PhysicRi Valuation of
Railways and Their Holdings.

! indianapolis. Ind. May 30-The Presi-
dent and the Vice President Of the United
States have been having a most sociable
I time together for the last two DAYS, and
their association eliminated in the cele-
bration Of Memorial Day al Indianapolis.
when they were the most conspicuous
figures IN the public exercises.
President Roosevelt was the guest OF
Vice President Fairbanks at luncheon at
the Fairbanks home. on North Meridian
street. and forty citizens of Indianapolis
were invited 20 share the meal with him.
The luncheon took place at 1915 o'clock.
a little more than an hour after President
Roosevelt arrived in Indianapolis The
weather conditions, which yesterday
threatened 70 mar the official programme
for Memorial Day proved to be perfect.
An enormous number OF people thrOnged
the streets Of the city to-day. and the ho-
tells were crowded with Hoosiers from all
over the State.
Forty Thousand at Speaking.
The crowd that gathered around the
Lawton Monument this afternoon was
seldom exceeded in size even on an oc-
cssion when the President and Vice Pres
ident Of the United States appear to-
gether in public. and must have numbered
5000
The principal public event of the day
was the unvelling of a monument 10
Maj. Gen. Henry ". Lawton. one Of In
dianas heroes. who was killed on the
firing line In the Philippines in 1893
The monument is located in Courthouse
Square, and at O'Clock President Roose-
welt. still accompanied by the Vice Presi-
dent, was driven there in a carriage, es-
corted by regular troops from Fort Sheri-
dan and by the militia Of Indiana Gov
Hanly presided at the unveiling cere-
monies. and after Miss Frances Lawton.
the eldest daughter OF the late general.
had pulled the cord which uncovered the
bronze figure. and James Whitconb Riley
had read a poem. THE Home Voyage"
the President was introduced.
Launches Into His Subject.
The President after paying a tribute
20 Gen. Lawton. went briskly into the
subject Of railroad regulation. which
formed the body Of his speech. He said.
IN part:
The men of the generation which
fought the civil war had their great tasks
90 perform, They met them as strong
men should have met them. They did
them. and We. their children. pront by
their mighty deeds. But no generation
can ever plead the great deeds of its pre-
decessors as an excuse for failing TO per-
form its own duties. Our duties are those
n peac, and not Of war. Nevertheless.
they are Of the utmost Importance. OF
Importance 10 ourselves. aud Of stu
greater Importance 70 the children who
in a few years win take our places as
the men and women Of this Republic II
We wish 20 show ourselves worthy heirs
Of the men Of the civil war, We must do
our tasks with the thoroughness- with
which they did theirs
Great Problems Confront Nation,
Great social and Industrial problems
confront US. and their solution demands
on our part unfaltering courage. and vet
a wise, good-natured self-restraint: so
that on the one hand We shall neither be
dsunted by difficulties nor fooled by those
who would seek % persuade rs that the
difficulties are insuperable: while on the
other hand We are not misled into show
ing either rashness or vindictiveness.
Predatory Man of Wealth.
zone great problem that We have before
US is 10 preserve the rights of property;
and these can only be preserved if We re-
-fer hot
from the socialist and the anarchist than
from the predatory man Of wealth. It has
become evident that to refuse TO invoke
the power Of the nation % restrain tho
wrongs committed by the man OF great
wealth who does evil is not only 20 neg
lect the interests Of the public. but IS 10
neglect the interests Of the man o. means
who acts honorably by his fellows. The
power of the nation must be cXerted 10
stop crimes Of cunning no less than
crimes of violence. There can be no halt
in the course we have deliberately elected
10 pursue the policy Of asserting the
right OF the nation. so far as 10 has ths
power 70 supervise and control the busi-
ness use Of wealth. especially in its cor
porate form.
Control of Railroads.
To-day 7 wish to say a word to you
about the first and most important fea-
ture Of this task. the control Of the COM
mon carriers doing an interstate business;
a control absolutely vested in the nation,
while in so far as the common carriers
also transport the mails it is in my
opinion probable that whether their busi-
ness is or is not interstate. # is to the
same extent subject to Federal control,
under that clause Of the Constitution
granting to the national government
power to establish post roads and. there
fore. by necessary implication power to
take all action necessary in order to keep
them at the highest point OF efficiency.
Every Federal law dealing with cOrpo-
rations or with railroads that has been
put upon the statute books during the last
six years has been a step in advance in
the right direction All action taken by
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