The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1907-10-10
The PRESIDENT AND THE COR.
pORATIOSS


In his speech at Cairo President
Roosevelt discussed. among other sub
lccts. that of corporations. Of which
be said. The National government
alone has sufficiently extensive power
and Jurisdiction 70 exercise adequate
control over the great interstate cor.
pora'ions While the thorough super
vision and control by the national gov
eminent s desirable primarily In the
interest of the people. 10 will also.
/ firmly believe. be 10 the benefit OF
those corporations themselves which
desire 20 be honest and la wablding
only thus can We put over these cor
porations one competent and efficient
soscrciEn-the nation-able both 10
exact Justice from them and 10 secure
Justice for them. 10 that they may not
be alternately pampered and oppress-
ed
Hr Roosevelt has heretofore adyo-
Gated in this same connection Fed
eral Incorporation Law for corpora
,ions doing an Interstate business,
and. Of course. complete Federal sup
eryision Of such corporations can only
be- had when the charters under
which they exist are granted by the
Federal government Corporations
thus chartered will be freed from
state regulation. since grant OF
power by congress 10 do business
within the United States could scarce.
is be resisted by the state. Thus a
corporation chartered by the United
States. enjoying the privileges OF an
eXorbitant tariff, might become the
most rampacious OF monopolies and
prey upon the people Of the state with
impunity.
One OF the alleged blessings OF such
a measure OF Federal control MT
Roosevelt points out is that the ma
ton may exact justice o, the corpora
tions and also ito secure justice for
them. so that they may not be al
ternately pampered and oppressed
In other words, the EFFORT OF a sover
eign state to protect the people
might at the central authority be des
ignated as oppression and the centra
authority would proceed to mitigate
such measures Of protection as the
state might devise.
Universal experience Is that every
corporation regards stringent regula
tory measures as oppressive. 1t re-
CARDS every taxing measure unjust
| II regards state verdicts In damag'
suits az excessive. Hence, with In
tcrstate charters granted by the Fed
eral government. every controyers,
| between the citizen and the corpora
| iion. every state measure OF regula
| tion. control or taxation would be- rc
viewed by tho central authority p
/ Washington The corporation witt
the political pull could ride over the
| people Of n sovereign state at liberty
The state would not have the power
TO bar some tarlfr-fostcrcd monopol!
because tho Federal government ha'
conferred upon 1t the privileges to ex
plot the people of the entire coun
try.
The presidents theory would de-
stroy one OF the vital principles o
democracy, It would take from thu
state the power TO protect their citi
zons against oppression. For immed
late conditions that might be- intoler
I able. there would be no immediate
relief and possibly no relief at all, 4
the opprcssor happened to have innu
cnce at the Federal capital. Mr.
Roosevelt has beautiful theory, bu
In practice It would acccntuatc tn,
opperssion and injustice against which
/ he seems anxious to shield tho pub
| lie Post
.