Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-12-18
PRESIDENT $
MESSAGE.
Republic fundamentally
Sound, Says Mr..
Roosevelt.
But SORE SPOTS EXIST.
Dishonesty Must BE Eliminated
Though Innocent
Suffer.
ADVOCATES NEW LAWS.
Currency Legislation, Regulation Of
Corporations, Inheritance and Ia.
come Taxes Among Presi.
dental Recommen.
datiouS.
ADVOCATES NEW LAWS.

To the Senate and House of Repre-
sentatives:
No nation has greater resources than
ours, and think II can he truthfully
said that the citizens of no nation pos
sess greater energy and Industrial abil-
ity. In no nation are the fundamental
business conditions sounder than In
ours at this very moment, and II Is
foolish, when such Is the case, for peo-
pie to hoard money instead Of keeping
It In sound banks, for It is such hoard
ing that is the immediate occasion OF
money strlngency. Moreover, as
rule. the business of our people is con-
Quoted with honesty and prOblty, 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 he some who are
such that these men prosper or commit
their misdeeds with impunity their ex-
ample is a very evil thing for the IN
munity. Where these men are business
men of great sagacity and of tempera-
ment both INSCRIPTIONS and reckless
and where the conditions are such that
they act without supervision or control
and at first 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. When
the misdeeds of these successfully dis
honest men are discovered, suffering
comes not only upon them, but upon
the innocent men whom they have
misled IL is Il painful awakening
whenever 1t occurs, and naturally
when It does occur those who suffer
are apt to forget that the longer 1t
was deferred the more painful 1t
would he. In the effort to punish the
guilty 1t Is both wise and proper TO
endeavor. so far as possible, TO mini
mIze the distress of those who have
been mised by the guilty. Yet It is
not possible TO refrain because of such
distress from striving TO put an end
TO the misdeeds that are the ultimate
causes OF the suffering and as means
to this end where possible TO punish
those responsible for them. There may
be honest differences Of opinion as to
many governmental policies, but sure
ly there can he no such differences as
to the need OF unhinching perseverance
IN the war against successful dishon-
esty.
In my message to the congress on
Dec. 5, 1905, | said
IF the folly of man mars the general
well being, then those who are limo
cent Of the folly will have to pay part
Of the penalty Incurred by those who
are guilty Of the folly. A panic brought
on by the speculative folly of part or
the business community would hurt
the whole business community, but
such stoppage Of welfare, though 1t
might be severe, would not be lasting.
In the long run the one vital factor IL
the permanent prosperity of the com
try IL the high individual character OF
the average American worker, the
average American citizen, no matter
whether his work he mental or man
ual, whether he be farmer or wage
worker, business man or professional
man.
I'm our industrial and social system
the interests OF all men are so closely
INTERVIEWED that in the Immense ma
jority Of cases n straight dealing man
who by his efficiency, by his ingenuity
and industry benefits himself mus
also benefit others. Normally the mar
OF great productive capacity who be
comes rich by guiding the labor Of
many other men does SO by enabling
them to produce more than they coult
produce without his guidance, and both
he and they share In the benefit which
comes also TO the public at large. Th'
superficial fact that the sharing may
be unequal must never blind us to thu
underlying fact that there Is this shar
ing and that the benefit comes In som'
degree to each man concerned. Nor
mally the wageworker, the man o
small means and the average consum
or as well as the average producer ar,
all alike helped by making condition.
such that the man Of exceptional bust
ness ability receives an exceptional re
ward for his ability. Something cal