The Idaho Springs siftings-news., 1914-01-24
BAD PRACTICES
OF TRUSTS TO
Be forbidden
Law and Penalty Must Be Made
Equally Plain, Says the
President.
WILL NOT HAMPER BUSINESS
Antaoonism Between Government and
Business is over-Wouid Give Inter
state Commerce Commission Pow
er to Regulate Financial Oper-
ations Of Railroads.

ations OF HdiIroaoS.
Washington, Jan. 20.-Before a
joint session of both houses of con-
gress President Wilson today deliv-
cred a special message on trusts. The
message follows:
Gentlemen of the congress:
In my report On the State of the
Union, which l had the privilege of
reading to you on the 1st of Decem-
Der last. l ventured to reserve for
B discussion at later date the subject
OF additional 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 cur
rency legislation, which absorbed your
attention and the attention OF the
country in December is now disposed
OF, but also because opinion appears
to be clearing about US with singular
rapidity In this other great field of
action.
Business Of Interpretation.
Legislation has its atmosphere like
everything else and the atmosphere of
anu
standing which we now breathe with
SO much refreshment is matter of sin
cere congratulation. 1t ought to make
our task very much less difficult and
embarrassing than 1t would have been
had we been obliged to continue to
act amidst the atmosphere OF suspi-
cion and antagonism which has so
long made 1t impossible to approach
such questions with dispassionate fair
ness. Constructive legislation. when
successful, is always the embodiment
Of convincing experience and of the
mature public opinion which finally
springs out of that experience. Leg
islation is business of Interpretation.
not of origination; and it is now plain
what the opinion is to which we must
give effect in this matter. 1t is not re-
cent or hasty opinion.
THE great businessmen who organ
ized and financed monopoly and those
who administered 1t in actual every
day transactions have year after year
until now, either denied its existence
or justified it as necessary for the eff
fective maintenance and development
of the vast business processes of the
country in the modern circumstances
OF trade and manufacture and finance:
but all the while opinion has made
head against them. The average
businessman is convinced that the
ways of liberty are also the ways of
peace and the ways of success as
well; and at last the masters of bust
ness on the great scale have begun to
yfa1d fbeir
perhaps their Judgment also, in honor
able surrender.
viii Not Hamper.
What we are purposing to do, there
fore, is happily not to hamper or in
terfere with business as enlightened
business men prefer to do it, or in any
sense to put it under the ban. The
antagonism between business and gov
ernment is over. We are now about
to give expression to the best business
Judgment of America, to what we
know to be the business conscience
and honor of the land. The govern
ment and business men are ready to
meet each other half way in a common
effort to square business methods with
both public opinion and law. The best
IulOTUleu IHtH VI Lie DuSlDeSS NOilu
condemn the methods and processes
and consequences Of monopoly as we
condemn them; and the instructive
Judgment of the vast majority of busl-
ness men everywhere goes with them.
We shall now be their spokesman.
When serious contest ends, when
men unite in opinion and purpose,
those who are to change their ways of
business, joining with those who ask
for the change, it is possible to effect
1t in the way in which prudent and
thoughtful and patriotic men would
wish to see it brought about, with as
few, as slight as easy and simple busi-
ness resadjustments as possible in the
circumstances, nothing essential dis
turbed, nothing torn up by the roots.
no parts rent asunder which can be
left in wholesome combination. For
tunately. no measures of sweeping or
novel change are necessary. 1t will be
understood that our object is not to
unsettle business or anywhere serious
ly to break its established courses
athwart On the contrary, we desire
the laws we are now about to pass to
be the bulwarks and safeguards OF In