Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1914-01-20
PRESIDENT SOUNDS
TRUST PEACE NOTE
TContinued from First Page]
roads, industrial, commercial and
public service bodies.


public service bodies.
PA law to confer upon the
Interstate Commerce Commission
tho power to superintend and
regulate the financial operations
by which railroads are hcnceforth
to be supplied with the money
they need for their proper de-
velopment and improved trans
portation facilities. The Presi-
dent made 1t clear that ''the pros
serity of the railroads and the
prosperity OF the country are in
separably connected" in this re-
gard.
3-Defnition of "the many
hurtful restraints of trade" by ex-
plicit legislation supplementary
to the Sherman law.
4-The creation Of commits
sion to aid the courts and to act as
q clearing house of information
in helping business to conform
with the law.
5-PrOvision Of penalties and
punishments to fall upon indivi-
duals responsible for unlawful
business practices.
8-Prohibition of holding COM
panies and q suggestion that the
voting power of individuals hold
ing shares in numerous corpora
fSOus might ho reetricfed
7-Giving to private individuals
the right to found suits for re-
dress on facts and judgments
proven in government suits, and
providing that statute of limita-
tions should run only from the
date OF conclusion of the gov
crnment's action.
The Message
The President spoke in part as fol
lows:
Gentlemen OF the Congress: Ii
my report 'on the state Of the Union
which had the privilege of reading L
You on the first of December last,
to reserve for discussion a
! later date the subject of additiona
legislation regarding the very diff
suit and intricate matter of trusts anC
The time now seems op
perfume to turn to the great question
1ot only because the currency legisla
ion, which absorbed your attention
and the attention of the country ii
December, now Is disposed of. but also
because opinion seems to be clearing
about US with singular rapidity in thil
~ Ra1l nf l.
matter of the currency 1t cleared sud.
lenly and very happily after the
act was passed; in re.
Ipect Of the monopolies which have
about US and in regard tt
he various means by which they have
been organized and maintained il
seems to be coming to g. clear and al
,ut universal agreement in anticipation
,f our action. as If by way of prepara.
Ion, making the way easier to sec
md easier to set out upon with conf.
1ence and without confusion of coun.
sci.
Constructive Legislation
Legislature has its atmosphere like
elsewhere and the atmos.
ohere OF accommodation and mutual
which we now breathe
sincere congratulation. It ought tC
make our task very much less diff.
,ult and embarrassing than 1t would
lave been had we been obliged to con-
inue to act amidst the atmosphere OF
Iuspicion and antagonism which has
10 long made 1t impossible to ap-
,roach such questions with dispas-
donate fairness.
Constructive legislation when sue
.essful, Is always the embodiment OF
experience and of the ma
ure public opinion which finally
prings out of that experience. Leg
Station is a business of Interpretation
lot of origination and 1t is now plain
What the opinion is to which we must
i've effect in this matter. 1t Is not re-
,ent or hasty opinion. 1t springs out
II the experience of whole genera
ion. 1t has clarified itself by long
contest and those who for a long time
,attled with 1t and sought to change
are now frankly and honorably
'ielding to 1t and seeking to conform
heir actions to it.
1.-THE great business men who or
,anized and financed monopoly and
hose who administered 1t in actual
very day transactions have year after
ear, until now, either denied its exist
nee or justified it as necessary for the
Elective maintenance and develop-
nent of the vast business processes of
he country in the modern circum-
tances of trade and manufacture and
NANCE; but all the while opinion has
made head against them. The average
BUSINESS man Is convinced that the
Ways of liberty are also the ways of
'eace and the ways of success as well.
nd at last the masters Of business on