Los Angeles herald., 1907-10-23
PRESIDENT
SAYS POLICY
MUST STAND
COME WHAT MAY, He WILL
ATTACK EVIL TRUSTS
STOCK MARKET FLURRlEs FAIL
TO CHANGE HIM
Roosevelt, in Address at Nashville,
Again Asserts Corporations Must
Deal Justly or Be
Punished
BY Associated Press.

BY Associated Press
NASHVILLE, Tenn, Oct. 22-President
Roosevelt in his address at the auditori-
um today said: There has been trouble
in the stock market In the high financial
world during the past few months. The
statement has frequently been made that
policies for which 1 stand, legislative and
executive, are responsible for that
trouble Now these policies of mine can
be summed up in one brief sentence: they
represent the effort to punish successful
dishonesty. doubt if these policies
have had any material effect in bringing
about the present trouble but If they
have 1t will not alter in the slightest
degree my determination that for the
remaining sixteen months of my term
these policies shall bee persevered in un-
swervingy.
IF to arouse that type OF civic man
hood in our nation 1t were necessary TO
suffer any temporary commercial de-
preston l should consider the cost but
small All we have done has been to un-
earth the wrongdoing. 1t was not the
fact that it was unearthed that did the
damage All | did was to turn on the
light. am responsible for turning on
the light but / am not responsible for
what the light showed. 1t was impossi-
BILE to cui out a cancer without making
the patient feel for a few days rather
sicker than he felt before No material
wellbeing can save this nation If it loses
the lift towards higher things.
VIII Hold to Course
'I will permit neither the demagogue
on one side nor the dictionary on the
other to drive me away from the course
or policy which l regard most vital for
the we'll being of this nation. And TIC
thing most important to remember Is
that the policy has two sides.
ut would indeed be an evil for this
nation If we ever permitted to grow up
a spirit which would discriminate against
the honest man who achieves business
success. There is nothing meaner than
the hatred for the man who prospers
constantly, simply because he has pros
pered, and challenge the spirit of every
good American when / say that the
honest railroad man, the honest banker
and the honest business man who makes
a fortune by his exceptional business
ability enables him to render exceptional
service to the community.
"If ever there should be any temporary
gusts of popular feeling that demand
what is wrong, what is unrighteous,
then the true servant of the people is
the man who disregards that temporary
wish of the people to do evil.
"No man will stand more strongly than
l Will in the detense OF property, SO lolls
as 1t is honestly acquired and honestly
used l will stand against crimes of
brutal violence, just as 1 stand against
crimes of unscrupulous cunning.
There are certain gentlemen who say
that 1 have talked against men of wealth
as such These gentlemen are blind If
they see the facts in that light. 1 will
protect every way In my power honest
property. 1 will protect the honest man
of xvealtI m the extent Of NV ability and
in no way can 1 ultimately protect the
honest man of wealth so effectually as
doing everything in my power to bring
to justice his dishonest brother In wealth.
"Our whole movement is simply and
solely to make the decalogue and the
golden rule of some practical moment in
the business life of the community"