Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1907-08-20
Is NOTHING TO FEAR
Outlines His Position at Laying
Of Cornerstone of Pill
grim's Monument.

Provincetown. Mass, Aug. 2O.-Pres-
ident Roosevelt was the principal
speaker at today's ceremonies attend
ing the laying of the corner stone Of
the Cape Cod Pilgrims Memorial mon,
nment commemorating the first landing
Of the pilgrim fathers. A large crowd
was present and an elaborate program
carried out without n hitch.
IL Important Structure.
The laying of the corner stone tool,
place in the presence of President
Roosevelt Governor Guild and the dis.
tinguished guests, and completed the
foundation of the most important struc-
ture along the Atlantic coast, commem.
Grating the first arrival within a few
feet of its base of the pilgrim fathers.
All the prominent persons invited to
participate in tOday's exercises arrived
last night.
salute for May1Owcr.
At 9:30 the blue flag Of the May
flower with President Roosevelt on
board, was sighted at Long Point and
n salute Of welcome doomed forth from
the guns on board the yachts in the
harbor AS the Maynower passed the
line of battieshipS and other craft IL
returned the salute.
The president, in his address. after
a reference to the historical signifi
cance of the occasion, launched into
state rights, the regulation of corpora
tions, etc. He said in part:
our federal system of government
is based upon the theory of leaving tC
each community, to each state, tht
control over those things which affec
only its own members ana which The
people of the locality themselves car
best grapple with, while providing fo
national regulation in those matters
which necessarily affect the nation a
a whole.
For General welfare.
ut seems 10 me that such questions
as national sovereignty and state
rights need to be treated not empirical
ly or acadcmically, but from the stand
point of the interests of the people a
a whole. National sovereignty is t
be upheld in so far as it means III
sovereignty of the people used for III
real and ultimate good Of the people
and states rights are to be upheld il
so far as they mean the peoples right;
Especially is this true in dealing wit
the relation of the people as Who'll
to the great corporations which are tn
distinguishing feature of modern bus
ness conditions.
Experience has shown that it is neC
essary to exercise a far more eflicier
control than at present over the bus
ness use of those vast fortunes, chief
corporate, which are used (as unde
modern conditions they almost invari;
bly, are) i'm interstate business. Whe
the constitution was created none {
the conditions of modern business G.
listed. They are wholly new and W
must create new agencies to deal e
fectively with them.
May Earn Any Amount.
"TheTe is no objection in the mine
of this people to any mans eanin
any amount of money if he does it hO
estly and fairly: if he gets it as the r
suit of special skill and enterprise, {
a reward of ample service actual
rendered. But there is a growing dCte
minatiun that no man shall amaSs
great fortune by special privilege,
chicanery and wrongdoing, so far as
is in the power of legislation to pr
vent; and that the fortune when amas
ed shall not have a business use tn
is antisOcial. Most large corporation
do a business that is not confined
any one state. Experience has show
that the effort to control these corpC
ations by mere state action can II
produce wholesome results. In mo
cases such effort fails to correct t
real abuses of which the corporation
or may be guilty; while in other cas-
the effort is apt to cause either haI
ship to the corporation itself, or ei
hardship to neighboring states viii
have not tried to grappie with t
problem in the same manner; and
course we must be as scrupuious
safeguard the rights of the corpol
tions as to exact from them in retu