The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1912-02-22

governmental regulation OF big busi
ness which is needed. The nation and
the states must cooperate in this mat
ter. Among the states that have en-
tered this field Wisconsin has taken Q
! leading place. Following Senator La
! Toilette. number of practical work
ers and thinkers in Wisconsin have
I turned that state into an experiment
al laboratory Of wise governmental &C
ton in aid o. social and Industrial Jus
I tice. They have initiated the kind Of
I progressive government which means
3 not merely the preservation of true
democracy, but the extension of the
principle of true democracy into in
dustrialism as we'll as into politics
One prime reason why the state has
been SO successful in this policy lies
| in the fact that 1t has done justice to
corporations precisely as 1t has ex'
acted justice from them. Not
only as a matter of justice, but in our
own interest. We should scrupulously
respect the rights of honest and de-
cent business and should encourage 1t
where its activities make, as they
often do make, for the common good.
1t is for the advantage OF all OF US
when business prospers. Our demand
is that big business give the people a
square deal and that the people give
square deal to any man engaged in
big business who honestly endeavors
TO do what is right and proper.
On the other hand, any corporation,
big or little, which has gained its pc
sition by unfair methods and by in
reference with the rights of others,
which has raised prices or limited
OUTPUT in improper fashion and been
guilty of demoralizing and corrupt
practices, should not only be broken
up. but it should be made the bust
ness of some competent governmental
body by constant supervision to see
that it does not come together again,
save under such strict control as to
insure the community against all dan
ger of a repetition of the bad conduct.
The chief trouble with big business
has arisen from the fact that big
business has so often refused to abide
by the principle of the square deal:
the opposition which personally
have encountered from big business
has in every case arisen not because
| did not give a square deal but be-
cause did.
Proper Governmental Control.
All business into which the element
of monopoly in any way or degree en-
tiers. and where it proves in practice
impossible totally to eliminate this ele-
ment of monopoly. should be carefully
supervised. regulated and controlled
by governmental authority; and such
control should be exercised by admin.
istrative, rather than by judicial, OFF,
GERS. No effort should be made to de-
stroy a big corporation merely be-
cause it is big, merely because it has
shown itself peculiarly efficient
business Instrument. But We should
not fear, If necessary. TO bring the
regulation of big corporations to the
point of controlling conditions so that
the wage-worker shall have a wage
more than sufficient to cover the bare
cost of living, and hours OF labor not
so excessive as to wreck his strength
by the strain of unending toll and
leave him unfit to do his duty as
good citizen of the community. Where
regulation by competition (which is,
Of course, preferableD proves insuffi-
cient, We should not shrink from
bringing governmental regulation to
the point of control of monopoly prices
if il should ever become necessary TO
do so, just as in exceptional cases
railway rates are now regulated. &.
We grudge no man a fortune which
represents his own power and sagacity
exercised with entire regard to the
welfare of his fellows. We have only
praise for the business man whose
business success comes as an Incl.
dent to doing good work for his fell
lows. But We should so shape condi-
tons that a fortune shall be obtained
only in honorable fashion, in such
fashion that it's gaining represents
benefit 10 the community.
In 4 word. then, our fundamental
purpose must be to secure genuine
equality of opportunity. No man
should receive a dollar unless that dol.
lar has been fairly earned. Every dol.
lar received should represent a dol.
lars worth of service rendered. No
watering OF stocks should be permit.
ted: and ii can be prevented only by
close governmental supervision of all
stock issues. so as to prevent over
capitalization.
We stand for the rights Of property,
but we stand even more for the rights
OF man. We will protect the rights OF
the wealthy man, but We maintain
that he holds his wealth subject to the
general right OF the community to
regulate it's business use as the public
welfare requires.
We also maintain that the nation
and the several states have the right
to regulate the terms and conditions
of labor, which is the chief element OF
wealth, directly in the interest OF the
common good. You, trainers OF this
constitution, be careful so to frame IL
that under 1t the people shall leave
themselves free to do whatever lie
necessary in order to help the farmers
of the state to get for themselves and