The Barre daily times. (Barre, Vt.) 1897-1959, 1912-03-28

whose views are given utterance to by
certain great New York dailies, care
nothing for honest business or for the
welfare of the community. They want
immunity in doing their own work, and
il is evident that they prefer continu-
anee of the present policy of destruction
which they know to be sham, rather
than to see the Inauguration Of the pol
icy of real control which | advocated, a
control which would correct evils and
yet promote prosperity.
"lt is curious to see the worst of the
big business interests and the least wise
OF the extremist agitators playing into
one another's hands in trying to preserve
the present system of chaos in business
law in preference to a system of ordered
supervision and control under which we
would secure defniteness of legal policy
for all business and would guarantee to
big business proper treatment as an in
cident to exacting proper behavior from
it believe that honest big business
men and little business men alike will
favor this control when they realize the
good il will bring and believe that the
most farsighted among them now favor
it. But il is being opposed by the great
New York dailies which speak for Wall
street, and by the newspapers which
echo their views in other parts of the
country, because they would rather run
the risk of sacrificing the general pros
perity than see a thorough control OF
the big business that. most needs that
control.
1T is the duty OF the federal and
state governments each in its own sphere
at once 90 begin a policy of supervising
the organization and management OF big
corporations so as to make il possible
for small investors to participate safely
in the ownership of shares and stock
in all corporations which are subject to
governmental control. There is at pres
ent a gigantic capitalization of stocks
and bonds upon which the American PEG.
pie pay from their earnings whatever
annual interest and dividends are paid,
and the American people should have
the government guaranty of the honesty
of that for which they thus pay. The
federal and state governments can il
they wish work tremendously together
in a fair and honest effort to protect
the people in this fashion.
AS president asked Congress to Sc
cure the same governmental control OF
all big business, including railroads and
companies, which is now
being exercised over national banks. In
the case of the banks, the government
knows and directs every detail of man
agement The application of these
principles with whatever variation the
special needs may requirel to all classes |
Of big business under competent admin |
istrative direction would be more ef- |
fective in protecting the rights of the
people against the rapacity and greed |
Of the trusts and monopolies than all |
ing the past twenty years. There should |
be publicity, that is, there should b.
broad daylight in all big business, in
,luding every form of monopolistic trade,
md the federal and state governments
should be able to control them, iust
is they control national banks, just as
We are now beginning with reasonable
Effectiveness to control railroads.
1--WE must achieve a permanent pros.
1erity based on justice, prosperity
which must come by the wise and reso-
ute effort to control business under
early defined and definite law. by adj
work under the law. We
must not pin our faith only to success
ion of law suits, which, under pre-
ense of strangling big business, punish
cal offenders inadequately, or positive
V benefit them, as in the cases of the
standard Oil and tobacco trusts, and are
t the same time a constant source of
nxiety and alarm TO honest business
men whose anxiety is to find out the
aw and then live up to it."
Denounced New York Primaries.
Col. Roosevelt, referring to the prima-
Y election in New York Tuesday, said
Before the election took place. de-
ounced it as a criminal farce. because
nder wicked law thrust upon New
.ork by the machines of the two parties
loenig had been given the right to name