The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1908-12-08
Sherman cAnh- Trust c4ct Is Not
PRACTICAL Friendly Tenor to the
Legitimate Corporations Is
Noted in Message.
Laborer Should Get More of Wealth He Pro-
duces.-o4boHsh Long Delays in Courts Of
Justlce He Says--Nothing Is Said On
The Tariff Question.

SALIENT POINTS IN THE PREsI-
CONGRESS-
can he determined I'm the future IL they
are to govern Themselves.
Congress should pass . proper en-
wagewOrkeps, who are killed. Grippe"
or worn out In service.
Corporate finances must be supervis-
ed 80 a. to make Il far safer than az
present for the man Of smnll means 10
invest his money In stccks'
Telephone and telegraph companies
doInr m interstate business should be
put under the supervision Of the inter-
state commerce eommission.
IL II eminently right that the nation
shoulo nx the terms upon which the
great fortunes nre Inherited. We
should Tighten the burden of tax on the
small man.
The chief reasons that led tn the
formation OF the national government
was the absolute need that the union,
and not the states. Ahould deal WIN
interstate and foreign commerce.
The secretary Of the navy must he
supreme. A system OF promo
by exclusion, should be introduced. Our
men come too old and stay for too short
time In the hi.h command positions
Something .hould be done 10 do away
with the long delays In the administra-
ton of Justice. Our judicial sys-
tenn In sound and effective and IL must
be maintained M the safeguard Of those
prin ciuIes OF liberty and Justice which
Atand ns the foundation OF American IN
stitutiOns.
I believe in n steady effort TO bring
about q condition of affairs under which
the men who work with hand or with
brain shall own q fnr greater snare
than mt present Of the wealth they pro- pro.
to see the farmer own hts own ianal
we do not vish to see the farms so
large that they become the property oi
absentee landlords.
The guiding inteltiEences necessary
for the successful building and the sue
cessful management Of railroads should
receive ample remuneration, but ma
man should be allowed 10 make money
In connection with railroads out oi
fraudulent Over-cHpit and kim
dred stock gambling performances
there must be no defrnuding OF invest
Ors, oppression Of farmers and business
men who ship freight. or Gallons dtsre-
gard Of the rights and needs Of the em-
pioyes.
In point OF danger To the nation there
In nothing TO choose between ON the
one hand the corruptionist, the brIbe-
giver, the bribe-teker. the man who
employs his grent talent to swtndie his
fellow citizens On large scale, ana
ON the other hand. the prencher Oh class
hatred. Those who advocate
proper control Of the corporations must
keep im mind that unless they do JUS
tice tO the corporation. uniess they per-
init ample profit and encourage cnpmoie
n ..lv alaax At NJ
Ing at the root of our national weii-be-
ing.
Our currency system In imperfect and
should be remesiied.
I believe that under the Interstate
commerce clause Of the constitution the
United states Inns complete ana pnrn.
mount right TO control all ngencies o'
tnferstate commerce. IL In worse
than folly 10 attempt to prohibit ail
combinations ms In done by the sherman
antitrust law, because such Inv cnn
he enforced only imperfectly md un-
equally. I strongly advocate a
substitute law which shall expressly
permit mbina lions which are I'm the
Interest of the public.
WASHINGTON. Dec. s.-Presiden'
Roosevelt's last annual message was
read In both branches of congress to
day. There Is a noticeable absence OF
the vitriolic TRADE against the cor
porations, which has characterized the
presidents former messages. During
"a speech In New York sometime age
r. II. Hartman, the railroad magnate
predicted that the president would
change his attitude. The Sherman
antitrust law. said Mr.. Hartman
must be substituted by law, that Is
less drastic. President Roosevelt has
recommended this to congress today
The message follows:
To the Senate and the House or Rep
rcaentattNcs:
The financial standing of tho natior
at the present time Is excellent, an'
the financial management OF the pn
tion's interests by the government dnr
ing-the last seven years has snow
the most satisfactory results But ou,
currency system Is imperfect, ana u
IL earnestly to be hoped that the cur
rency commission will be able 70 pro
pose a thoroughly good system whict
will do away with the existing deifsCt1,
During the period from July ], 1901
to September 80. 1908, there was az
increase In the amount OF money ~
circulation OF s902,99l ,399. The ~
period was sos Within this time
there were several occasions when u
was necessary for the treasury depart
ment TO come 10 the RELIEF or inc mohe,
United States bonds. by increasing de
posits I'm national banks. by stimulating
additional issues OF national bank
notes, and by facilitating importation.
from abroad OF gold. our Imperfect
currency svstem has made these pro
ceedtngs necessary. and they were Ell
fectiye until the monetary disturbance
In the fall OF 1907 immensely Increased
the difficulty OF ordinary methods oil
During the period from July !, 1901
10 September 80. 1908. there has beer
a net surplus OF nearly one hundred
millions OF receipts over expenditures
a reduction OF the Interest bearing debt
nv ninety millions. an spite OF the eX-
traotdlnary cNpcnsc OF the Panama
canal. and saving Of nearly nine mil
lions on the annual interest charge
This IS an exceedingly satisfactory
showing. especially IT, view or the fact
that during this PERIOD the nation has
never hesitatcd 10 undertake any eN-
pcnditure that IL regarded as neces-
sary There have been no new taxes
and no Increase OF taxes. on the con.
tra1v some taxes have been taken on
there has been reduction OF taxation
A. regards the great corporations
engaged In Interstate business, and es-
uecteIIy the railroads. y can only repeat