The free lance. (Fredericksburg, Va.) 1885-1926, 1907-10-05
SCORES PESSIMISTS
President Predicts Prosperity
Despite His Policy.
CONTROL OF CORPORATIONS

Mr.. Roosevelt Believes Federal Super
vision Of Corporations Would Be
Beneficial and Prevent Manipulation
Of Securities.
New Madrid. No. oct 4-President
Roosevelt spent Thursday afternoon
In leisurely run down the Mississippi
river from Cairo 20 New Madrid His
boat. the Mississippi slowed up at
New Madrid. but the delay was brief
The presidents boat ala not iand
owing 20 his desire not 90 vary his
program. The run down the river was
devoid OF interest Tor the most part
the only enlivening incident being a
brief race between the Alton and the
Fred Hartwie. a fast Ohio boat. with q
delegation from Pittsburg on board
The race was a draw
The president lunched on board the
Colonel Mackenzie with the inland wa
terways commission. The low river
banks were al places fringcd with PEG
pie. hut they were generally too far
removed from the boats 10 permit any
demonstration except the waving OF
handkerchiefs.
The fact that there have been sew.
eral efforts by congressman. gov
e.uors and others 20 discuss the third
term question with the president since
the beginning oil the tour became
known. but the president has discour.
AGED all such attempts
He was told of at least two delega.
tons that would be instructed for him
regardless OF his attitude.
In his speech al Cairo the president
sounded an optimistic note. He main
tanned. with much earnestness. that
government control Of corporations
should not upset the country's bust
ness interests. On the contrary. he
said. while supervision Is desirable
primarily In the interest Of the public
he believed honestly. that the cor
porauOns would be benefited
The president again referred 20 the
railroads as Offering the most imme
date and urgent problem" ia this Re-
spect. and declared the exercise Of
efficient and ACKNOWLEDGING control
over the interstate carriers was the
nations first need.
He advocated q supervision similar
TO that exercised over national banks
and forcihiy declared that II would NOT
cause falling OF in business pros
perity Admitting that II would result
in less opportunity for a few unscru
pulous individuals TO amass great for
tunes by manipulating securities. be
said there would be ample room for
legitimate profits for the business man
and that the average citizens chances
would be better
Il DO not believe our efforts will
have anything but beneficial eject
upon the permanent prosperity OF the
country he declared
Preparedness was the KEYNOTE of
the presidents argument advocating
a greater navy. He declared peace
with insult" 90 be the very worst pol
icy possible Ills idea OF the proper. at
utude for the United States g. assume
toward other nations. he said was one
OF courtesy. vet the nation should b.
In position 60 defend IT'S honor
This nation" he said lis now Cnl
terms OF the most cordial good will
with all other nations. Let US make iiI
a prime object Of our policy 20 pre-
serve these conditions"
He frowncd upon any trouble-hunt
ing policy but asserted that IL was tho
country's duty 70 show that peace was
desired because II was right and Just
and not from motives OF weakness OF
In the course OF his speech he De
clared that he had no patience with
people who lay all the evils of the dav
At the door OF the politicians. because
be said. the politicians viii do what
ever the people make them do. or VIII
ct them do. hence the responsibility
Is with the public after all