The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1907-05-23

1 DOPoA SAlCAl III SOI1MSIC0 dut
Labor is one of the largest of ou
great governmental Departments. Il
touches the national life in so many
aspects that | can not here refer Il
! more than one or two spheres of il.
activity. AS its name implies, it mas
20 do with commerce and with labor
| in their broadeSt acceptatiOn. 1t has
under its jurisdiction, besides inmi
grafton and naturalization, almost the
entire economic spheres of the Govern
ment-with the exception of the tar
| fl and monetary affairs-such as the
1sheries, steam boat-inspection and
light houses, labor in all its aspects
coasts. harbors and shipping, stand
| ards. manufactures and corporations
statistics and census
Regarding the combination of DOW
ar. in respect to which so much mis-
Information has gone abroad through
out the land. let me say a word. 1t
is not the existence of this combina-
ton of power, that should be regulat-
ed. The effect of combination is not
in itself an evil. The methods by
which such combination is arrived at
or by which it is maintained or op-
Grated, if those methods are inequit
able or unfair, should not only be ex-
posed. but should be drastically
dealth with. A corporation desiring
% perpetuate its domination may use
its combination power to give better
service-that is public good-but
when that power is used to prevent
anyone else from giving a like SER
vice or the best service it can, then
It's combination power is being used
IS an encroachment upon the rights
Of others and against the public wei
fare. 1t is not within the power or
proper sphere of government to equal
ize competitors, but It is within the
power aid proper sphere of govern
ment to keep open equally 20 all
men the avenues of commercial de
velOpment, to maintain the opportun-
'ty for competition, and to prevent
he use of unfair means tnat dimil-
ish or destroy such equal opportunity
"A corporation should not be treat
ID as an individual. 1t has great pow
ers and enjoys public rights which
IN Individual can not exercise; it is
given some of the attributes of SOW
ereignty-i. e., perpetual life-an1 in
some instances the right of eminent
tOmain: the unrestricted exercise o,
its powers may permit it to grow
strong enough to unduly influence and
n a measure control the politica!
life of the state which created it
Such a result would be intolerable
7
md self-preservation a government
n-st retain and exercise proper regu-
iftion of and control over corpora
ions"
These in the main, are the fulc
ions of the Bureau of Corporations
which are in no way destructive OF |
proper corporate management, but |
Dnly of the improper use of corporate |
Dower detrimental alike to the indivi- |
1ual as well as to the state.
Most of the strife between capital |
nd labor would disappear if it were
more fully recognized that high rate
If wages, within economic limitations
IS a powerful lever to. reach a low
cost of production, wAich practically |
~lles today in the industries of the |
United States. | hope another year |
rOu will have with you at your annua! |
festivities representation of the great |
abor groups who rightly share with |
-ou the credit for Americas wonder |
nj Industrial development. who have
shared and are entitled to share |
more and more with you, according
o the measure of their deserts. the
that has crowned your and
heir joint labors. In no country i'll
ne world is the standard of labor and
he standard of life among the wage
,arning classes higher, and | hone
he country may have your aid AMI
in fastening the dag
when the honest individual may be
'ermitted more and more to enjoy
he fruits of constant industry and
he advantages of his own labor. free
like from the tyranny of mis- own
lass and of the inequitable exact
ons of the employer class. The cheap
st labor is that labor which is most
productive "ald the more the forces
# cultivated intelligence. conscien-
iousness. and hopefulness shall in
use themselves into human industry
ne more abundant and valuable the
esults. the greater the sum of nu-
nan happiness. and the more stable
he political institutions of a coun-
ry"
No greater, more important, and vi
al question has ever come forward
apital and labor. 1t is today agttat-
ng the parliamerts of all enlighten-
d nations. and is receiving the
houghtfll attention of statesmen and
legislators, who recognize that the | ,
lane of solution lies high above the
arrow pathways of selfish interest.
10 one has addressed himself to this
reat and pressing subject with more
foresight and practical
ppllcatlOn ana Win Lnat fearless
spousal OF the right. than President
oosevelt. His messages to Congress,
is public speeches. and his advocacy
Dr. the passage of laws all evidence a
Use, consistent. and determined plan
, safeguard the rights of capital on
he one side and to redress the JUS ,
fed grievances of the masses On /.
he other, and to use the iull power ,
I the Government. without fear and !,
itnout favor. to prevent injustice on ,
lie one side, as well as on the other. ,
he work of the Department of Com ,
lerce and Labor has been condition :
/ upon this theory fair treatment
ike for labor and for capital. 1.
EN- THOUSAND DOLLARS
REWARD FOR WRECkERS.
Los Angeles. Cal... May 23.-At the :