Evening star., 1924-10-12
PRESIDENT STATES
REGULATION STAND
Supremacy of Public Rights
Does Not Include Federal
Ownership, He Ayers.

Working cooperation between bus
mess and the public lin accord with
the dictates of common sense" was
held up last night by President
Coolidge in an address by radio to
employees of the II. J. Heinz Co..
gathered at banquets in various
cities to celebrate the anniversary OF
the founding of the business, as the
true and practical ideaI' wished by
the Government.
The supremacy of the Government
has been the main motive dominating
the economic and political develop
ment of recent years, he said, adding
that it has brought the public inter-
est into the equation of modern In
dustrial and commercial relations.
But the Government, MIR. Coolidge
declared, prefers to let business go
it's own way, so long as that is the
right way; so long as it is the way
OF honest and genuine service to the
real public interest" The Govern
ment, he continued, must be the
servant "of the public welfare and
the creation of an informed and sea-
soned public opinion"
Privilege Cannot Control.
1T cannot be dominated by any
privilege" the President warned, lit
cannot be subservient to any private
advantage. 1t must always represent
the public. With the hearty SYM
pathy of both business and the peo-
pie, we have made a long advance
toward such standard. There are
encouraging signs of readiness to go
farther on the same way. The Gov
ernment will surely be prepared to
give all encouragement in such a
program. For. by these methods only
shall We bring about a proper bal
ance; secure and lasting adjustment
of the supreme individual interest by
bringing it into harmony with the
highest consideration of the national
welfare
The people of America will keep
control and ownership Of their prop
erty. Mr.. Coolidge insisted. "as a
preliminary to the maintenance of
their supremacy over their Govern
ment.'
"They know" he added, that when
the Government begins to own prop
erty 1t begins to own people. They
want all these powers in their own
hands,"
Public Interest First.
1t is the firm policy of the American
PeoPle, the freSlQent declared, to in
stst that business forms and meth
DDS shall be subordinated to the pub
lie interest" In this regard, he said,
public authority as represented by
the Government has taken up the at
titude of 'moderation and reasonable
ness In dealing with these difficult
and complex problems"
Laws aimed at curbing and regu-
lating monopolies have been employ
| ed for control and regulation. not de-
| struction," he explained. TT is no
part of public policy, as the Ameri-
can people now conceive it, to tear
down legitimate and useful business"
Exemplifying the changed attitude
OF the public and interest in their new
relations is the changed policy toward
consultations in railroads, Mr.. Cool
| idge said. Pointing out that the pub
| lie has now sanctioned a consolida-
tion in the railroads by act of Con-
| gress, by compulsion If necessary, he
declared "there is gratifying indica-
| tion that this new program is going
! to be accepted and put into effect
| without resort to compulsion."
Regulation Fixed Policy.
THE change in policy toward con-
sofidation Of railroads." he continued
'is warranted by the change in policy
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