Show PRESIDENT TAKES FIRM STAND STANDON ON CONTROL Of CORPORATIONS t t Reiterates Demand for Extended Powers vers of Interstate Commerce Corn Com merce Commission and Advocates Safeguarding of Rights of Rich and Poor Alike EXPOSES FALLACIES OF INSPIRED WRITERS Defines Position on Labor Problems and Asks Congress for f Legislation to Prevent Wrong-Doing Wrong Among l n Those in hi High Places 1 I rl I I do not for a mom moment nt belove that the tho actions of this adminis adminis- 4 ti have brought on distress 0 It is tine due to the s s speculative e folly foHy and flagrant dishonesty dIshonest of a a. few men of or great wealth I who see seek to shield themselves from tho the effects of or their own wrong do ing Rut But ut If It IL true that I were to cut rottenness from rein tho the body politic S meant a momentary check to an nn unhealthy l seeming scorning prosperity I should r- r r not for one moment hesitate to put tho knife to tho corruption Pres Pres S 7 ident Roosevelt S S 'S a S PRESIDENT PRESIDE ON LABOR S Curb on injunctions needed ill Employers Employers' 11 law Ii liability urged f Worker must bo he protected i Immediate action urged United States St. liability ty act wanted S Washington Jan ln 1 l In one of the most remarkable messages over ever prepared prec pre c pared parcel h by an nn American executive e President Pres S ident Roosevelt nOose toda today sent to con congress his views and recommendations on tho S financial situation labor legislation and the tho question of ot financial control of ot rn railroads II roads Incidentally many subjects arc are touched upon and a 3 note of or warning warning warn warn- ing ins sounded for the ultra conserva conserva- tives The message recommends an employers employers' employers employers' em em- liability law Jaw It also urges the of ot a comprehensive act providing pro for Cor compensation by bJ the J government go to nil all t cn engaged Ertho It h tho government o erIce er Ice and tin sayo ay TOe The same broad principle which S should apply to tho the government ultimately bo be made applicable to all RH private 1 Is 18 to curb tho abuso oC or Injunction and In till I t rc th the ro KC i iy S U Yog io ren t it t tr r i e t ho u P t C oT c- c Uon If H t Homo 00 way wa ot or remedying ren thC abuses E I pot not found l the r ng 1 of fIt In- In r UOn against t I among f numbers of oT our U will tend end to products Prod a n Te r volt the tho tilOI uso un I t. t of ot the process 0 ot Injunction In Greater power I i iI advocated led for tor O n In tors tat ft Commerce commission lon It la is 4 i i recommended 1 that it he authorized authorised to toTa 4 S T a non i n nn n v rrt 11 or it T on It its n n fl 1 own n Initiative ti t j.- j. the Tho ted Inflated capitalization of Or rail rail- 5 5 is pointed out a as Mn tn evil H and theS the tho S J M says nays S 'S S I think tim tho federal government go nt I also assume a a. certain measure of or control over o the thu of or rail rail- ro roads In the U handling ot of interstate S traffic S.- S. In conclusion th th- message message- says I The n nation lIon win wilt not tolerate another lack of ot control O or over r ery tery wealthy men 1 of enormous power In th the Industrial and therefore In the th social m es of or our of or hom hOln o ha n shown 5 S people some themselves cynically ane and brutally In Indifferent In In- different nt to th the Interests of ot the peo l-eo- j Die le Th The text of ot the message follows In p part rt President t H 1 The recent decision 1 of or tho the Supreme court In En regard to the employers' employers lia Ua- ha- ha act net the exp experience of or the Interstate Inter Inter- state commerce commission and the department nt of or justice In en engineerIng engineer engineer- ln erIng er- er Ing lug the Interstate commerce and antitrust antitrust anti anti- trust laws and tho the gravely significant attitude toward Varo the and its Us ad administration administration ll I ministration recently adopted b by tam tain heads of ot gr great t l corporations r render It desirable that there ther should bo be addi addi- legislation as r regards certain c of ot the relations relation bot between labor and capital and between the great groat corporations and tin thin public Tho court has el decided tho the employers' employers liability law to be unon unconstitutional tl- tl because Its terms apply to em em- enga engaged d wholly In state commerce com corn merce as well weB ns os to engaged In n Interstate commerce ll By a n sub tan tan- tEal majority the court holds that th Ih h lino hn rr f i l I r I I i I 11 I iii the q Question l J-l In j-aw j so l far r as Interstate i t I j commerce 1 Is 19 concerned I An H regards the employers employers' liability jaw I advocate ll it immediate reenactment re en limiting Its scope so that it apply only to tho the class of ot case onsen tit lu to which tho tilo court ys It cnn can constitutionally con con- but hut r itt It poJ Jn withIn till this scope ope I junI lIt t q u il h MII iU n In l y l tf pg t 1 j to o th rf fi r nn ot t tho tc IK State tote T I JI o. o Qt ot t Uh lh's clear dour definition o Jo th the 14 will WUl undoubtedly y d give 10 1 to the tho performance P of or th thou h duty within their fIeld tin tl con on the Importance Important importance Import Import- ance ant o of th th subject demands I r also very ry in urgently gently advise th t a a. sIv l e act bo be pa ell providing for compensation com corn IHn by lY t the tho h government 0 to all 1 c U in mo LUC g service Und Under r the tho pl present law la laan an In Injured Injured In- In workman in En tho employment of ot I th the government has hits no remedy and the tho entire burden of ot of the accident falls fails on onh the h helpless h. is man man hi his wife and his young youn children This Thin 1 Is an nn outrage In no other prominent country in the world could gross goss Injustice occur Thc c same sam broad brond principle which should appi to the Kov nt should l be made math applicable to all on un n c u r TAK TAKES FIRM STAND ON Lt CONTROL OF CORPORATIONS NS Continued Prom From Page One I private employers Whore Where the th nation has the tIme power It should enact laws to this effect Where herc the states staten alone alono have tho the power they should enact the laws An employers employers' OrA liability law 1 does not really mean mulcting the em employers loyers In damages es It mere merely 1 throws upon the employer the burden of ot accident Insurance Insurance incurance incur incur- ance a against aln t Injuries which are arc sure to occur i. i o of Injunction I hI again call your our attention to tIme the need of sonic some action In connection with the abuse of Injunctions In labor cases Even though It wore were possible I should consider it most unwise to abolish h the time use of ot the thc process of or Injunction It Is 18 necessary In iii order that the tho courts may maintain their th own dignity l and In order that tho they ma may In effective manner man man- npr ner chock disorder and violence nut But there Is no question In tn my mind that It IL has Imas some times been heen used hC heedlessly I and unjustly unjust and that some of ot the In Injunctions Injunctions In In- junctions issued Inflict grave gravo and occasional occasional occasional oc oc- oc- oc Irreparable wron wrong upon those enjoined l. l Danger CIos Clone nt at Hand l. This matter Is daily dally becoming of graver Importance and ond I cannot too recommend that the give h careful consideration to the tho sub sOb If Ie some somo way of oe 1 remedying th thi abuses It is not hot found the tho feeling of In rt against them among numbers of oe our citizens will tend tr tt grow so extreme as ns to produce a n against the whole u use o of oe the tho pi of injunction It Is my purpose as as 13 may belo beto be bo boto to lo submit some somo further a In reference to our laws regulatIng Ing labor I conditions within tho the ephert epherm of or federal authority Control Common Carriers Not only should thero there be bc action on certain laws Jaws affecting wage earners there should also be such action 01 ox laws better to secure control over tim lIH great business concerns engaged In Interstate In In- tn tato Commerce and anti especially ovet time Jio great common carriers Tho Time Interstate Interstate Inter Inter- state Commerce commission should b bl orea red to lO pass upon any rate os or practice on Its itt own Initiative Moreover More More- over it should bo provided that whenever whenever whenever when when- ever time the commission has line reason to behove bell be be- hove c ll that a proposed a advance In a rats rate ought not to lo be matTe made without Investigation iare- iare It should have havo authority tc Issue Isue an order orter prohibiting the tho pending examination by the time commis commis- sionI sion I I would not be understood as lS expressing cx- cx pressing un an opinion that any or oven ovena a a. majority of or these advances nd are arc Im Im- irn- irn proper Many of ot tho rates In this country coun conn- tr try have been abnormally low Till perating expenses of our railroads ds notably time the wages pal paid railroad em- em have greatly Increased med and other causes ma may In an any giver given caso Justify an arm advance In rates and ani anif f C f so the time advance should be ba permitted and approved cd But there mn may be he arid and doubtless are cases casel where this is not true and our law mw sh should uld be so 80 framed that the gov- gov as the representative o of the whole people can protect the time t unlawful exaction for the time us USI of oC these public highways In form the tho federal government should ex- ex supervision over the financial operations o of our out Int Interstate railroads Pro out nt Watered Stock Steel When an Inflated capitalization I tion has 5 gone upon uvon the market t t. h and as become come fixed axed In value its Us c existence be Aa As a practical 1 it 1 lix Tn l Q 9 u l n iv MJ- MJ r to t l jac Q It th thou iu sands of or Innocent nt Rt l NI h HC purchased d l their ir stocks In good r alum h The usual n r. ouli uh of such JOH Is fore to u tI on 00 the th an n unnecessary hut hint everlasting c tax Lax while the Innocent J purchasers o 0 o otho tho tim stull ire are also hann harmed el and only a afew arC rC few arc aTC b benefited Such wrongs wrong when once accomplished can with difficulty bo be undone but the they can be lie prevented with safety and with justice When combinations o of Interstate State railways s 's must obtain go sanction h n lien a it is no longer longcr ble for fOt an Interstate te railway to Issue stock or bonds save ave In the time manner ftp lP- I roved b by the time federal government when that go makes sure euro that the he proceeds ds of every stock and bond nt of the sane sm go Into th the Improvement property and Rod not TOt the tire enrichment of onie Individual Ind or 01 syndicate when material for guld- guld whenever It becomes be of or th time the MICO atico In the i r regulative emulative notion action Ito government the physical value alu of on one properties Is determined ana ano of these made mad known there known there will be eliminated securities that clement element of or from Crom roam railroad aBroad unc uncertainty which lends lands to them their which has con- con U e quality 9 a cul much to the ft financial stress of or orthe the time recent l past Control of Opt I 1 think that the federal government government govern govern- ment mont mu must t also assume ume a n. certain measure meas mens uro ure of oC control over o the physical operation operation operation opera opera- tion of railways In tho time handling of commission now interstate to traffic The has authority to establish t through Sl routes and Joint rat rates s. s In order to tomake tomake tomake make this thin provision effective an and andIn In ln order to promote promote- In times of or necessity sity the limo proper or movement mo of ot traffic tIl I I think It Il must also 1190 have authority to determine time the conditions upon 1 which vc cars shall shan be interchanged etl between ton different different dif dif- t ferent ren tin Interstate ran railways It Is la ll also o probable m that the time commission should lI have ha authority in particular Instances to determine time the schedule upon which commodities shall be moved Antl Trust LawIn Law Lau In reference to lo the time Sherman antitrust antl- antl trust law I repeat the tho recommendations in m my at the opening of tho the present congress as well as ns In my message to the pt previous congress The attempt In this law to provide pro In all nit combinations combinations sweeping terms against of whatever character If It technically ally alb In restraint of oC trade as ns each ascii re restraint re- re ha has aa been heen defined by time the courts court necessarily must lt either cither be bc futile or mischievous and t sometimes both The rime present plesent law makes omo combinations me Illegal nl although the they ma may be he useful to the time country Tho The law should l correct correct cor cor- reet that portion of the Sherman ad acl which prohibits prohibit all combinations of the tilo character described whether the they be reasonable or unreasonable but this should be done only as os part of or a general general gen gen- en- en eral scheme to provide e for this effective hive tive and thoroughgoing supervision b by bythe bythe the national government go of all the op op- orations of ot the tho big Interstate business conc concerns After Iter Bucket Ducket Shops I do not know whether It Is possible but hut if possible It is Js certainly desirable that In connection with measures to restrain watering stock an and overcapitalization capi over there should be bo measures S taken to prevent at least tho time grosser forms forums of gambling in securities and antl commodities such as ns making large larSe sales of or t h men do not possess and cornering the time mark market t. t Legitimate I purchases of or commodities and andlor of stocks arid and securities for tor investment In havo no connection whatever what with purchases of stocks clocks or other othor securities or ties on a margin for 10 speculative and nd gambling purposes It It would seem that the federal government gov gov- ov- ov eminent could at least leat act by forbidding forbidding for for- or- or bidding tIme the use rise of the time mails malls tele telegraph raph and wires for tor mere gambling In stocks an ami I Just as It does doen In lottery transactions Untruthful The Standard Oil corporation on and the railway com company pan have havo both he been e n found guilty b by tho the courts of or criminal misconduct mis mis- conduct both havo have been sentenced to pay heavy fines and each h has UI Issued 1 and nd published broadcast bro statements as asserting asserting as- as their ther- Innocence and denouncIng denounce log InS as aJ Improper tho time action of or tho I courts court an and Juries In convicting them I of ot guilt s These statements ar ar arc ver very arc ure lor very vory ingenious and and at aroi aro untruthful In Important particulars 0 t. t I T L 5 i J. J I I I 1 I The following totter letter and o from Crom Mr lr sufficiently Illustrate the methods of ot the high officials of the Santa Fe Fc and show the time utter falsity of or their plea of I Ignorance norance time the similar pica of the Standard Oil being equally without t foundation Time The letter t from Francis J. J Honey Ilone encloses a n copy COP of ot a letter r from Edwar Edward Ed Ed- war ward nr l Chambers general trel freight ht traffic manager of or the AtchIson Topeka Santa Fe Railway system to Mr 0 O. A. A Davidson auditor of oe tho time same ame com corn pany dated daled February 27 1907 Mr Ir Chambers deals with a It rebate of or to be paid by |