The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1908-03-25
THE PRESIDENT SENDS
MESSAGE TO CONGRESS

General should have the right to nom
mate at least one of the receivers
or else in some other way the inter
ests of the stockholders should be
consulted.
In addition to the reasons l nave
already urged, it has become import
ant that there should be an amend
ment to the antitrust law, because of
uncertainty as to how this law affects
combinations among laboring men
and farmers. All these combinations.
while existing for and engaged in the
promotion of innocent and proper
purposes, should be recognized as Ie-
gal.
| In the modern industrial world
mbinations are absolutely neces-
sary. They are necessary among bus
mess men; they are necessary among
| laboring men; they are becoming
more and more necessary amoug far
mers. Some of these combinations
are among the most powerful of all
| instruments for wrong-doi1g; Others
ing actual business needs. 1t is mis-
chievous and unwholesome to keep
upon our statute books an unmodified
law like the ANTITRUST law which
while in practice only partially effect.
i've against vicious combinations, is
nevertheless construed so as sweep
ingly to prohibit every combination
for the transaction of modern busi-
ness.
1T has become uncertain how far
this law may involve all labor organi-
cations and farmers organizations as
well as business organizations in con
fiict with law. The bill has been pre-
sented in congress to remedy this sit
uation. Some such measure as this
bill is needed in the interest of all en-
gagged in Industries which are essen
tial to the country's well-being'' The
President does not say what the ex-
act terms of the law should be but
suggests the following changes in the
law: "Thesubstantive part of the
antitrust law should remain as at
straint of trade should continue ille-
gal, and that some government auth
ority should be allowed to pass ON
these contracts. Publicity should also
be provided for. Labor organizations !
farm. organizations and other organi-
cations not organized for profit should
be allowed to register, by giving To-
cation of head office, charter and by
laws, names and addresses of the
principal officers. In the interest of
all organizations, the present provis-
ion permitting the recovery of three
fold damages should be abolished, and
the right to recover only the dam
ages actually sustained substituted.
The law should affect pending suits.
1T is important to encourage trade
employers where they are just and
fair. The strike is a clumsy weapon,
and we should extend as far as posi-
BILE arbitration. Moreover, violence
disorder and coercion, when commit
ted in connection with strikes, should
as when committed in any other con-
nection. Strikes themselves are,a and
should be recognized as entirely le-
gal. Combinations of working men
have peculiar reasons for their ex-
istence, and in many cases are indis-
pensible. The right of employers to
combine AID contract with one anoth
er and with employees should be ex-
plicitly recognized, and SO should the
right of employees to combine and
contract with one another and with
employers, and to peacably persuade
others TO accept their views and to
strike for the purpose of peaceably
obtaining satisfactory terms for their
labor. Nothing should be done to le-
galize boycott or blacklisting tnat
would be illegal in common law"
In considering financial legislation,
the President urges the adoption OF
a law for postal savings banks He
said the time for revision of the tar
iff had come, and suggested that pro-
vision be made by this congress to
collect the full material for such re
vision. which should be laid before
the next congress for action. He urg-
ed especially that wood pulp be plac
ed on the free list, and that reduc-
ton be made in the tariff on paper
made from wood pulp. Ample provis-
ion, he said, should be made for a
permanent water way commission.
Horse Shoeing, $3.50 Now.