The Holly chieftain., 1908-02-07

any event both the national and state
said President Rooseyelt.s message.
and each can do certain amount
that the other cannot do. while the
Be obtained by the repres. natives of
the national and state governments
workinE heartily tose,her within tn Their their
ment thorough.going and satisfactory
control can in the end only be obtained
ment. for almost ali the corporations of
enormous wealth-that is, the corpo-
rations which it Is especially desirable
commerce. and derive their power and
their Importance not from that portion
of their business which Is intrastate.
| easy always to decide just where the line
Of demarcatlon between the two kinds
Of business falls This line must ulti;
| adequate control Of the great corpora
and efrective but much Of IT has been been
neither; for. when the EFFORT is made
to accomplish by the action Of the state
| action of the nation the result can only
be disappointment. and in the end the
law will probably be declared uncon-
arena. we who believe In the measures
herein advocated are hampered and
not aided by the extremists who advo-
| cate action SO violent that 1t would
| either be useless or else would cause
| more mischief than 1t would remedy.
Points to the Future.
"The laws must in the future be ad-
ministered as they are now being ad-
ministered. SO that the department of
may fse1 a BE- hat 1T #
mits. Justice is meted out with an even
weak ana serens tSsre RH9T
should be no delay In supplementing the
laws now on the statute books by the
outlined in the message sent to the
congress on its assembling. Under the
existing laws much. very much, has
past six years. and 1t has been shown
by actual experience that they can be
enforced against the weaithiest cor
erful manager or manipulation of that
corporation. as Vigorously and fearless
Hhavs a. afai1st as; 3ssx the humblsst offender
AGENTS Of wronsdoers sfv1ssos VINO have Iaq for
oued many ths years laws gone nd
aEainst great iaw-defyins corpora:
tions of Immense wealth. which. until
treated themselves and have expected
others to treat them as being beyond
| and above all possible check from law.
the representatives of the national gov
| ernment full power to deal with the
great corporations engaged In inter-
| great interstate common carriers. Our
while there are. are diaicultiss in any
dealing with these great corporations,
c1,rss Of three courses ,d followed The first
see and control their actions In the in
terest OF the general public and to per-
troll which would obtain ii they were
| left to the common law. do not for
one e,,moment believe that our people
traordinary growth OF modern indus
trialism has rendered the common law.
to t tnfav Haasr and was cdn
tons. IN many respects Inadequate to
deal with the new conditions. These
and corporate fortunes. the vast com
bin hinations tons Of capital which have marked
tenn. create new conditions, and neces-
state a change. from the old attitude
OF the state and the nation toward the
rules regulating the acquisition and
untrammeied business use of prop
erty. in order both that property may
the same time those @ho an ho1a Ral Il may
be prevented from wrongdoing.
Talks Of Financial stress.
I'VE have Just passed through two
months of acute financial stress. At
any such time 1t is a sad fact that en-
fault Of their own; and every one must
feel the keenest sympathy for the
large body Of honest business men. of
ers. who suffer because involved In
crash for which they are in no way
responsible. At such a time there Is
| natural tendency on the part of many
/ men to feel gloomy and frightened at
| the outlook; but there Is no justifica-
Hon tion for this feeling There is no ma.
cess as ours. OF course we shall suc-
coed. Ours is a nation OF masterfuI
and Il feels within its veins ti II the n thrill
which comes to those who know that
they possess the future. We are not
are upheld BY. the Confident hops of ul-
innate triumph. The wrongs that ex-
ist are to be corrected; but they in no
| come. doubt as to the great material
prosperity Of the future. or of the lofty
misdeeb done in the present must be
| permitted to shroud from our eyes the
os ts Of ths t SS. Ds
pose to cut out wrongdoing and uphold
believe that the actions Of this admIne
| istratton have brought on business dis
| tress; so far as this is due to local and
tions OF any particular individuals, 1t
Is due to the speculative folly and fia-
grant dishonesty of few men OF great
wealth. who seek to shield themselves
| from the effects of their own wrong
doing by ascribing its. results to the
actions of those who have sought to
put stop to the wrongdoing. But II
from the body polite meant a mo-
mentary check to an unhealthy
seeming prosperity, I should not for
one moment hesitate to put the knife
to the corruption. On behalf of all