The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-06-15
CORPORATE SQUARE
DEAL CHIEF NEED
JUDGE cRosscUP SAYS TIME TO
PUT THEORIES INTO PRAc-
T1CE HAS COME.
SEES A HAPPY ENDING
OF Present Conditions When Gulf BE.
tween Public and Combines is
Hrdged--Favors State and
National Control.

Chicago, June l4-Thc National
Credit Mems Association ended their
three days convention with banquet
at the Auditorium AT which Speaker
Cannon and Judge Grosscup were the
principal speakers
Judge Peter s. Grosscup responded
to the toast, "The Every Day Business
Man. and The Corporation Problem I
He said In part:
Not ONLY II the corporation the legal
Instrument through which Is welded
almost wholly the indus rial energy
Of this generation of Americans--it is
the best investment yet discovered by
which that energy can be welded.
Not only Is the corporation" the
medium through which the wealth Of
the people works on this ages in
dustrial trinmphs-it N the only
medium through which the people,
while working out their tliumps as a
whole, can also work ont. each for
himself, his separate Individual IN
stiRct for a personal share In the
triumphs achieved Indeed wha gov
ernment" IL to maniind politically or.
ganiyed the "eororation" has become
to modern industry organized. And II
is in the corporation. in this relation
OF intermediary between those seek
ing To own, and the property to be
owned that the destinies of the future
are the most deeply bound up.
Approves Rooseyeit's Action.
Mr. Roosevelt thus far has dealt
with the corporation problem as II the
i--sia atian -nf The cogp0ratipn tn the peo-
ness rival To the Individual man--as
If tho relation between the corpora
tion and the individual man was
chiefly an arms length relation. And
| am one of those who believe, that
in taking this attitude, he wisely
chose the first step in any compre-
hensive program for corporation re-
form. Indeed. before the "corpoI a.
ttGnv as the best instrument for
welding the peoples energy, and
working out the peoples property in
stinct, could be brought distinctively
into public thought, it was indis-
pensable that existing corporations
should be taught that there is such a
thing as a peoples will expr essed in
law and there is such a thing as
obedience by everybody to the law.
THAT part of the road has now
been nearly traveled-that part of the
work has now been nearly done.
What waits us in that direction, is the
duty of continued watchfulness.
But the next great distinctive step
forward also waits for us--the work
of turning this preparation into per
manent deed--of putting into endur-
ing form, not only ideally, but ac-
tually. In the corporation structure OF
the future. those practical principles
of the square deal, that will transform
the corporation into permanently fit
agency in which TO embody and
through which to work out, our trum-
phant life. The people of America
have shown that there can be strong
government that is still the govern
ment of the many-a strong govern
ment that does not oppress. The thing
that lies ahead Of the people of
America is to now achieve, is such an
incorporation of their industrial life,
that like their government, it, too.
will be strong while belonging 10 the
manv-strong without the oligarchio
tendencies to oppress-an Industrial
life so corporately organized. that as
in our political life, behind the,
strength of the whole will be the in
terest of every individual. and behind
the strength of each individual will be
ihe interest of the whole.
Aim Directly at the Mark.
In entering upon this second great
step. the time is at hand. 1t seems 10
me. to aim directly at the mark.
There is no need. for instance. that
we should search behind the bureau.
or under the sofa. or in any other out
of the way place Of our national con
stitution. for the words of constitu-
tional authority. The words of au-
thority are in plain sight, in tne
power of congress over interstate
commerce. and in the decisions OF the
courts that have kept that power
commensurate with the growth OF
commerce. Nor is there need to
stretch the national power TO cover
those local affairs that are best man
aged BY the states and communities
that they chiefly concern. The ma
tional incorporation of enterprises
whose operations were chiefly inter
state would be no stretch Of power.
as il was from the beginning, to con-
ditions that did not exist in the be
ginning
Nor is there any need 10 keep up
the impression that between the cor
poration and the people there IS /
Great guif-that the corporation can