The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1907-05-30
| PRESIDENT
ROOSEVELT.

ltL0,4OS1hll! I'LL
Continued mi l from, PAGE. one) RS.
port the mallsit Is in}my opinion prob,
able tiat!whetherl their business IS I,
is not interstate II Is to the same ex.
tent subject 70 ederat control. unle:
that clause Of the Constitution grant,
Ing to the National Government power
10 establish post roads and therefore
BY necessary Implication power, TO
tale all action necessary in order Is
Keep them al the highest point OF eff.
cheney.
Every ederal law dealing with cor.
porations or With railroads that has
been but upon the statute hooks dur.
Ing the last six years has been a step
In advance In the right direction. All
action taken by the Administration Nm.
der these and the pre-exlsting laws has
been Just and proper. Every suit TN.
dertaken during that period has been
n suit not merely warranted. hut re.
quired, by the facts; q suit IN the in.
. O. L.. . IL. v e.
terest of the people as a whole, and,
In the long run, particularly In the Ia.
tcrest Of stockholders as well as In
the interest OF business men OF prop.
erty generally. There can be no swerv.
Ing from the course that has thus been
mapped out in the Legislation actually
enacted and in the messages in which
! have asked for further legislation.
We. best serve The interests Of the
honest railway men when we announce
that We will follow ont precisely this
course. II Is the court OF real. u
ultimate conservatism. There will be
no halt In the forward movement 10.
ward fun development of this pol.
-. ~ ."'S, ".o "''" Us " Ahe u
80 y ~ s'""" sun, II 'he! "
HHe"' "o"iu M" 'lh'
ny "'" '''te" Il" o"tpteaN Vi tpe
- 'N"'.'"' wv ie'i' ! Hcte must
rs sew Sf''''a'''e anu uu''''i''
a., y" '''e 'o'iees'oh VI
We ""''H efeis :sineete ihah
| 'N's ~ 'it'e eS'''e' III ra'l'
~ ''"s '"''"' :" s"o past
Such additional legislation No i'm,
for which | have asked in the ms, and
especially that for which asked IN my
message nj tho ononi,y NJ Ito tact
session Of Congress is NOT more,v in
The lateres, NJ The aub,;c h,, ,nss,
emphatlcally In tho intorpst nj oyery
honest railway MANAGER and n, nj, IN
vcstors or would.ho Investors IN rail.
way securities, There must ho vast.
cd in the Federal Govcrnmer, FIJI,
power of superyIsion and cortro, ovor
the railways doing interstate businoss.
n mower in many rcsnects ,,,,oy,r.
10 and ms compTetc ms that Tho CO..,
ernment exercises over t,,e m,.jonn,
banks II mHst rossoss ,,c rowcr l.,
exercise supcryiion over tho futuro
Issuance of stocks. and bopJs oi,hcr
thurrgh n .nhtIono, inconor,,Ior
(Which | shonll nrcfcrl or In sono GIN.
liar fashion. sucb superyisiop. IN h.
clude the frank publicity of Everything
which would.be Investors ond III, NH,
lie at large have n right IN I,pow Tho
Federal Governmen, will ,bsu.ho ,h(o
b. prevent nil oyercunit,Iiz,,tor. i,
the future: to prevcut INV mn, r,oro.
after from Numbering others hv rooI,
Ing railway properties WITH ob,,.o,so.,
and pocketlnr ,hc money instead !,
spending II In improvements md IN Ia,
climate corporo,a nurnosoc. az, ans.
man acting in such rasior shonld IN
held Il, n criminal occorrt,h,,,,y :,
should be declared contrary n nuh,io
policy Nenceforth IN ollow railroads IN
devote their capito, IN ,nv,h,r. h,,
the Transportation business, cortotn,y
not to thc hazards of snoc,,o,;or ~,
The very reason I'm, Nc deslro h f.,