Devils Lake inter-ocean and Devils Lake free press. (Devils Lake, Ramsey County, N.D.) 1905-1909, 1907-12-06
Republic Fundamentally Sound
Says Mr.. Roosevelt !
! ."., ~.~~
But SOME SORE SPOTS DO EXIST
Dishonesty Mast be Eliminated Though Some Who
-. Are Innocent Suffer -.
THE PRESIDENT ADVOCATES NEW LAWS
i3. j..
Currency legislation Regulation of Corporations, Inheritance and Income
~. Taxes Among Presidential Recommendations
THE PRESIDENT
Taxes Among Presidential Recommendations
TO the, Senate. and House OF Repre-

TO the, Senate, and House OF Repre-
i. sentatives: ~ %,
No nation has greater resources than
ours, and l think it can be truthfully
said that: the citizens Of no nation pos
sess greater energy and Industrial abil-
aty. In no nation are the fundamental
business conditions sounder than in
ours at this very moment, and 1t Is
foolish, when such is the case, for PEG.
pie to. hoard money instead Of keeping
1T in sound banks, for 1t Is such hoard
ing that is the immediate occasion Of
money stfingency. Moreover, as a
rule, the business Of our people is con-
Quoted with honesty and probity, and
this applies alike to farms and facto-
ries, to railroads and banks, to all our
legitimate commercial enterprises.
In any large body Of men, however.
there are certain to be some who are
dishonest, and II the conditions are
such that these men prosper OF commit
their misdeeds with impunit II their yex-
ample Is q very eyil thing for the com
1 munity. Where these men are business
men OF great sagacity and Of tempera-
ment both unscrupulous1; and reckless
and where the condi tions are such that
I they act without supervision or control
and at, first b without! effective check
from public opinion they delude many
innocent people into making Invest
ments or embarking In kinds Of bust
ness that are really unsound. y hen
the misdeeds of these successfully dis
honest men are discovered, suffering
comes not only upon them. but upon
the innocent men whom they have
B misled. II 3D. q painful awakening
I whenever S. ~ occurs, and II naturally
when II does occur those who suffer
I axs sps ~ fss:s.ee sssat che longer 1t
was deferred the sscrs 2ssal.4. 81: I. !.
would be. In the effort to punish the
gut.t It n both Wise and proper TO
andsa yor. 30 far aa possible mini
mize the distress OF those who :,Evr
been misied BY the guilty Tet III is
\ not possible .Si frain because of such
distress sf'ans satrt Wing to put an end
sto the misdaeas shat are the ult innate
I causes Of the suffering and as q means
/ 20 this end here possible Sto punish
those Bile for them. There may.
I Id hdnast sitffarences Of opinion as 10
/ many goYernmentalp Iicies, bit sure
sslyE thera can he no such di fIferenees an
$te the need DC untlinehing perseverance
/ Hi the war ainst sue cessfuI dishon-
\ :ss .5
s u nay message to the congress on
dee. 1905, 1T said
If the foil Of man mars the general
well being then those who are limo
cent DC thes will have I'd pay part
oRf the permit rrad hy these who
H 49, gailt of the folly A panic bro,lgl,t
gaa the pasula tive folly Of part sof
I the business community would hurt
the whole business com immunity but
such stoppa ge off vel Fare, hongh HI
might be severe, ould not be- lasting.
In the long run the one vital factor In
#siis permanent prosperity OF the oun-j
Try III the high Ind yidual character off
the average neriea u worker, the:
average tnerica IN i'd ID tier:
ether his len tal or man
4 haI whethe r he be farmer or HI age
WORKER husfness ID II ssr prof ssionais
mar
4 our industrial ana social TEN
TIE INF eats soS an Ir,en arss Eio ely
tsginat Ii tho immense ma:
gsl oe eases 4 Sra aaarg xs,ans