Gainesville daily sun. (Gainesville, Fla.) 190?-1938, 1907-12-05
PRESIDENTS MESSAGE
Continued from First Page.)

LueUl Uu Otd g. III kUt an TRUST IH -
power Of supervision over big business
concerns engaged in Interstate com
merce would benefit them as it has
Z benefited the national banks. In the
recent business crisis it is noteworthy
that the institutions which failed were
institutions which were not under the
supervision and control Of the national
government Those which were under
national conEN stood the test
National control Of the kind above
advocated would he to the bcneft Of
every we'll managed railway. From
the standpoint OF the public there Is
need for additional tracks, additional
terminals and improvements in the &C.
tual handling of the railroads. and all
this as rapidly ~ possible. Ample,
safe and speedy transportation facili-
ties are even more necessary than
cheap transportation. Therefore there
Is need for the Investment of money
which will provide for all these things
while at the same time securing as far
as Is possible better wages ana shorter
hours for their employees Therefore,
while there must be just and rcasona.
BILE regulation Of rates. we should he
the first to protest against any arbtra-
ry and minimizing movement to cut
them down without the fullest and
most careful consideration of all inter
ests concerned and OF the actual needs
OF the situation. only Il special body
OF men acting for the national govern.
ment under authority conferred upon it
by the congress Is competent 10 pass
Judgment on such Il matter
Those who fear from any reason the |.
extension Of federal activity will do |
well to study the history not only Of |
the national banking act, but Of the |
pure food law and notably the meat |
inspection law recently enacted. The |
pure food law was opposed so violent .
~ that its passage was delayed for a |,
decade, yet 1t has worked unmlXcd and |
immediate good, The meat inspection |
law was even more violently assaulted, !
and the same men who now donounco !
the attitude of the national govern. |
ment In seeking to oversee and control
the workings of interstate common car |
riers and business concerns then as.
serted that we were "diScrediting and |
running great American industry"
Two years have not elapsed, and al
ready II has become evident that the
Rreat benefit the law confrrs upon the
public is accompanied by an equal ben
eft to the reputable packing establish
ments The latter are better or under
the law than they were without It.
The benefit to interstate common car
riers and business concerns from the
legislation | advocate would he equal
~ marked.
Pure Food Law.
Incidentally in the passage OF the
pure food law the action of the vuri.
Gus state food ana dairy commissions
ers showed In striking fashion how
much good FOR the whole people results
from the hearty cooperation Of the
federal and state officials in securing
given reform. II IL primarily to the
action OF these state commissioners
that We owe the enactment OF this
law, for they aroused the people, first
TO demand the enactment and enforce
ment Of state laws on the subject and
then the enactment Of the federal law,
without which the state laws were
largely Ineffective There must hc the
closest cooperation between the ma
tional aud state governments In al.
ministcrIng these laws.
Currency Legislation Needed.
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