The Pioche weekly record. [volume] (Pioche, Nev.) 1906-1908, 1908-02-08
MESSAGE IS WARM
President Flags Corporations
That Defy Laws.
DENIES HE CAUSED PANIC
Attacks Of Great Concerns on His Ad-
n1lnistratiou Are Vigorously Re-
psIIed-Employers' Liability and
Abuses of Injunction Discussed.


Washington::--In a message dealing
principally with the control of great
corporations, transmitted to congress
on Friday, the president fiays what he
terms the law detying trusts in no
In the opening paragraphs Of the mes
sage he urges the immediate reenact-
ment of the employers liability law.
ana Tor such legislation as will remedy
the abuses OF the injunction. He then
turns his attention to stock tobbing
ana other forms of high finance, and
says:
Il DO not know whether il is possI-
BILE, hat II possible, 1t is certainly de-
sirabie, that in connection with meas
ures to restrain stock watering and
decentralization there should be
meaTlres taken to prevent at least
the Fsosser forms of gambling in Sc
cufili Is and commodities, such as
mar ng large sales of what men do
not possess and 'cornering' the market.
1t would seem that the federal
government could at least act by
torSldding the use of the mails, tele-
gra oh and telephone wires for mere
garibltng in stocks and futures, Just
as does in lottery transactions"
Mr.. Ripley and Relating.
Kext President Roosevelt turns his
attention to rebating, submitting the
rely of the chief of the bureau of
corporations to statements made by
tf0 Standard Oil Company and by
President Ripley OF the Santa re rail-
way There is also a letter from Dis
trict Attorney Heney of San Francis
co lncloslng one from the Santa Fe's
general freight traffic manager to the
roads auditor which Mr. Heney and
the president say shows the utter
falsity of the plea of ignorance made
by high officials of the Santa Fe and
the Standard Oil COMPANY
The president adds:
The attacks by these great corpora
lons on the administration actions
nave been given wide circulation
pers and otherwise, by those writer's
ana speakers, who. consciously or UNI
consciously, act as the representatives
OF predatory wealth-of the wealth
accumulated on a giant scale by all
forms or intqutty, ranging from the
oppression OF wageworkers to unfair
ana unWholesome methods of crushing
OUT, competition, and to defrauding the
pubic by stock jobbing and the manin-
ulatlon of securities Certain wealthy
men CT this stamp whose conduct
sn9uia pc abhorrent to every man OF
ordinarily decent conscience and who
commit the htdeous wrong of teaching
our young men that phenomenal bust
ness success must ordinarily be based
on olshonesty, have during the last
Few months made 1t apparent that they
nave banded together to work for a
reaction. Their endeavor Is to over
o oarow ana discredit all who honestly
additional legislation which would
check and restrain them, and to secure
II II + possible a freedom from all re-
serupulous wrongdoef to do what he
wishes unchecked provided he has
enough money"
Campaign OF Lawbreakers.
Denying that the administration is en-
sage9 IN any assault on property the
president continues:
There are ample material ravvardS fo.
those who serve with fidelity the mann
mon of unrighteousness but they are
n r,tit y pad Tor by the people who per-
INIT their representatives, whether in
puphc life, in the press, or in the col
ieSes where their young men are taught
70 preach and to practice that there is
one law Tor the rich and another for the
poor. The amount of money the repre-
sentatives of certain great rnoneyed in
terests are willing to spend can be gagged
by their recent publication broadcast
throughout the papers of this country
from the Atlantic to the Pacific of huge
advertisements attacking with enyen-
ofned bitterness the administrations poll
icy or warning against successful dis
honesty, and by their circulation of pam
phiets and books prepared with the same
OBJECT; while they likewise push the cir
culauon OF the writings and speeches
or men who whether because they are
mlsled or because, seeing the light they
yet are willing to sin against the light
serve these their masters of great wealth
The books and pamphlets. the con-
trolled newspapers, the speeches by pub
nc or private men to which / refer are
usually and especially in the interest
of the Standard Oil Trust and Of certain
notorious railroad combinations, but they
also defend other individuals and cor
porauons of great wealth that have been
guilty of Wrongdoing. 1t Is only rarely
that the men responsible for the wrong
doing themselves speak or write Nor
masiy they hire others to do their bidding
or fnd others who will do it without hire
From the railroad rate law to the pure
1000 law, every measure for honesty in
business that has been passed during the
last SIX years has been opposed by these
men on Its passage and in its admins
tratlon with every resource that bitter
and INSCRIPTIONS craft could suggest
and the command of almost unlimited
money secure. But for the last wear
the attack has been made with most most
bitterness upon the actual administration
OF the law, especially through the depart
ment or justice, but also through the
the bureau of corporations"
Business" That Is Hurt.
The president at considerable length
defends his administration against the
charge that its policy was responsible
for the business depression, and saws
ha Rs business or Sont sst is hurt thur BY the
business which, In the long run, it
pays the country to have hurt.
In concluding his message President
Roosevelt says:
81 do not for a moment believe that
the actions of this administration have
brought on business distress: so far
as this is due to local and not world
wide causes and to the actions of any
particular individuals, it is due to the
speculative folly and fragrant dishon-
esty of few men of great wealth. who
seek to shield themselves from the eft
fects of their own wrongdoing by as
cribing its results to the actions of
those who have sought to put stop
that to cut out rottenness from the
body polite meant a momentary check
to an unhealthy seeming prosperity, |
should not for one moment hesitate to
put the knife to the corruption on
behalf of all our people, on behalf no
less of the honest man of means than
the honest man who earns each days
his brow, it is necessary to in
sist upon honesty In business and poll