The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1907-12-13

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page to Congress. delivered last
j TsNsday. covers 30 much space that
Nit can be disested by piecemeal and
the painstaking reviewer. will give
time to the task. It contains about
10000 words. some Of the topics be-
4 ing elaborated upon through quota
tions from previous public messages
by the President. The existing
money stringency is referred. to and
4 the people are expostslated with for
boarding their money, instead Of
Nplacing 1t in sound banks. The Presi-
dent says it lis boarding that Is the
Immediate cause Of the money strin-
gency." He admits that there are
some dishonest men at the bottom OF
the trouble, some INSCRIPTIONS and
reckless men, and he still believes
that they ought to be punished.
It is the opinion of the President
That the country has not departed
krom its period of prosperity. In
This connection he discusses the SUBJ
ject of swollen fortunes, amassed
Through corporate organizations, and
SSrepeats his recommendations of
Year ago in relation to their regula-
ton and control by the general gov
Gfnment.
aM Again he says nothing can be done
aaHhrough the action of the States to
BEn bate the evils of corporate exist
Sence-the sovereignty of the general
N government must be asserted. The
Mcontrol of interstate commerce, too,
M8he declares, is function of the gen
eral government, designated as such
by the founders of the Constitution,
who made ample provision for CEN
tralized supervision. Mr.. Roosevelt
does not look upon himself as an adj
vocate of Capitalization.
AS to the railroads, it is his judy
ment that there should be created a
National incorporation act or law
authorizing the general government
to license the railroad corporations.
"Unless the National Government as
sumes proper control of interstate
commerce in the exercise of the 'au-
thority it already possesses, he says,
"it will be we'll nigh impossible
either to give or to get from the
!. railroad full justice"
The President asks for additional
/. legislation for the control of bust
ness corporations engaged in inter-
state commerce, repeating what he
has said before, that it unwise and
futile to attempt to destroy combina-
lions in trade or production. Cor
porations and labor unions have
come to stay and it remains only to
provide adequately for their manage
ment. He says there are combina-
stions that do good and combinations
\ that do evil. The bad ones should
be regulated and the good ones en-
&couraged.
III He asks for necessary amendments
Ito the antitrust law. 1t should not
Il be repealed, he says, but it should
4 be made more efficient and more in
harmony with actual conditions
& He frowns upon the monopolistic
Corporations and declares that they
Ought not to be permitted to engage
\ in business. A National charter sys-
Il tenn and publicity are his remedies,
and these, he believes, do not con-
. template Capitalization.
Mr.. Roosevelt deplores the cur
rehcy system and says there are de-
fects in the laws that cause all COM
(. mercial interests to suffer, especial
4 ly during the recurring crop moving
N periods. Like other economists, he
recognizes the greater need of elias
I ITCHY, but does not urge any special
plan. Bankers associations, he says
have made suggestions that may be
worthy of consideration. Altogether,
the President offers no solution of
the problem, but says something
must be done
To the protective tariff principle
he again commits himself and his
party and says no change in principle
can be made with wisdom. Still he
is of the opinion that, once in about
a dozen years, the tariff law should
be carefully scrutinized to see if
there is anything injurious in their
operation. This should be done, he
argues, not before a Presidential
election, but immediately after such
election. Until 190S-9 he is stand
patter. Then the subject may be
judiciously delt with, by his permits
sion.
The President declares in favor OF
an incom tax and an inheritance tax,
saving, "In my Judgment both of