The Sentinel=record., 1914-01-21
The Presidents Messsqe.


 mental principles of the democratic administration program for dealing with trusts and "big business" The president presented the case he said, 'as it lies in the thought of the coln- try reiterating that private mo- nopoly is indefensible and intoler- able" and declaring that conscien- tious business men throughout the nation would not be satisfied until practices now deprecated by public opinion as restraints of trade and commerce were corrected.
 We are now about to write the additional articles of our constitu- ton of peace" said the president The peace that is honor and free dom and prosperity"
 Besides suggesting the scope of legislation. the president made per sonal appeal for an atmosphere of friendliness and cooperation in con- gress while handling the problem.
 The antagonism," he said, "be- tween business and government is over We are now about to give ex- pression to the best judgment of America, to what we know to be the business conscience and honor of the land. The government and business men are ready to meet each other half way in common effort to square business methods with both public opinion and the law
 Outlines a Basis.
 The chief points which the presi- dent singled out as basis for eXpla- nation were:
 1-Enectual prohibition of the inter- locking directorates of great corpora tions-banks, railroads. industrial commercial and public service bodies.
 2-A law to confer upon the inter- state commerce commission to power to superintend and regulate the fi- nancial operations by which railroads henceforth are to be supplied with the money they need for their proper development and improved transpor- tation facilities The president made it clear that the prosperity of the railroads and the prosperity of the country are inseparably connected' n this regard
 3.-Definition of the many hurtful restraints of trade" by explicit legis- laton supplementary to the Sherman law.
 1.-The creation of a commission to aid courts and to act as a clearing house of information in helping busi- ness to conform with the law
 5.-Provision of penalties and pun ishments to fall upon individuals re- sponsible for unlawful business prac- tioes
 6.-Prohibition of holding compa- nies and a suggestion that the voting power of individuals holding shares in numerous corporations might he restricted
 7.-Giving to private individuals the right to found suits for redress on facts and judgments proven in government suits and providing that statute of limitations should run only from the date of conclusion of the governments action.
 Reads His Address.
 The president spoke as follows:
 "Gentlemen of the Congress: in my report on The State of the Union which I had the privilege of reading to you on the first of December last | ventured to reserve for discussion at a later date the subject of addi- tional legislation regarding the very difficult and intricate matter of trusts and monopolies The time now seems opportune to turn to that great question, not only because the currency legislation which absorbed your attention and the attention of the country in December is now dis posed of but also because opinion seems 10 be clearing about us win singular rapidity in this other great field of action. In the matter of rapidly after the much debated act was passed; in respec- of the monopo- lies which have multiplied about us and in regard to the various means by which they have been organized and maintained it seems to be coming to a clear and all but universal agree ment in anticipation of our action as if by way of preparation, making he way easier to see and easier to set out upon with confidence and with out confusion of counsel
 Legislation has it's atmosphere like everything else and the atmos- phere of accommodation and mutual understanding which we now breathe with so much refreshment is matter of sincere congratulation. It ought 10 make our task very much less diff cult and embarrassing than i. would have been had we been obliged to continue to act amidst the atmos-