The Yale expositor., 1908-02-14

Justice mag continue 10 he, what IL now
is. in very fact the department of JUS
tlce, where so Tar as our ability per-
mits justice IS meted oct with an even
hand TO great and small. rich and poor,
weak and strong. Moreover. there
should be no delay in experimenting the
laws now ON the statute books by the
enactment OF further legislation as
outlined i'm the message | sent To the
congress on its assembling. Under the
/ existing laws much. very much. has
been actually accomplished during the
past six years. and u has been shown
by actual experience that they can be
enforced against the wcalthiest cor
poration and the richest and most pow
erful manager or manipulation of than
corporation. as vigorously and fearless
~ as against the humbleSt offender.
Above all. they have been enforced
against the very wrongdoers and
agents of wrongdoers who have for
uouted the laws with tmpunity.
against great law-defying corpora
lions OF immense wealth. which, until
within the last half dozen years have
treated themselves and have expected
others to treat them as being beyond
and above all possible check from law.
1t is especially necessary To secure to
the representatives of the national gov
eminent fun power to deal with the
great corporations engaged I'm inter
state comerce. and above all. with the
great interstate common carriers. our
people should clearly recognize that
while there are difficulties i'm any
dealing with these great corporations,
these difficulties must be faced. and one
of three courses followed. The first
course is to abandon all effort to over
see and control Their actions i'm the in
terest of the general public and To per-
nit return to the utter lack OF con-
troll which would obtain II they were
left to the common law. / do not for
one moment believe that our people
would tolerate this position. The eX-
traordinary growth of modern indus
trialism has rendered the common law.
which grew up under and was adapt-
ed to deal with totally different condi-
lions. in many respects inadequate To
deal with the new conditions. These
new conditions make IL necessary to
shackle cunning as i'm the past we have
shackled force. The vast individual
and corporate fortunes the vast COM
binations of capital. which have ma. ked
the development of our industrial sys-
TEN. 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
untrammeled business use of prop
erty, i'm order both that property may
he adequately protected. and that at
the same time those who hold it 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 il is a SD fact that en-
tirely innocent people suffer from no
fault OF their own; and every one must
large body of honest business men. OF
honest investors. of honest wagework-
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
tion for this feeling. There is no ma
ton so absolutely sure Of ultimate sue
cess as ours. OF course we shall sue
coed. Ours is nation of masterful
"A = mn N
and IL feels within its veins the thrill
which comes to those who know that
they possess the future. We are not
cast down by the fear OF failure. We
are upheld by the confident hope OF ul-
innate triumph. The wrongs that ex-
list are to be corrected; but they in no
way justify doubt as to the final out
come, doubt as to the great material
prosperity OF the future or of the lofty
spiritual life which is to be built upon
that prosperity as foundation. No
misdeeds done in the present must be
permitted to shroud from our eyes the
glorious future of the nation; but be-
cause of this very fact IL behooves us
never 10 swerve from our resolute pur-
pose to cut out wrongdoing and uphold
believe that the actions of this admin
istration have brought on business dis
tress; so far as this is due to local and
not worldwide causes. and TO the ac-
tions of any particular individuals, il
is due to the speculative folly and fla
grant dishonesty of a few men of great
wealth., VINO 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 if
IL were true that to cut out rottenness
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
our people, on behalf no less of the
honest man of means than of the hon.
est man who earns each days liveli-
hood by the days sweat of his brow, 1t
is necessary to insist upon honesty in
business and in politics alike in all
walks of life. i'm big things and in little
things; upon just and fair dealing as
between man and man. Those who
demand this are striving for the right
in the spirit of Abraham Lincoln" said
the president in conclusion.