| Show FAVORS RS RECLAMATION liON OF WESTERN ARID LANDS LADS Forest Reserves Should ld Be Protected and Govern Government Government ment Build Mountain Storage Reservoirs Advocates Amendment of Interstate Commerce Act and of Chinese Laborers fi f Dl make foreign markets ts essential Under such conditions it t would be most I IM to cramp er to fetter the youth fin strength nation Moreover i 1 t too utica often be pointed out to 1 st ke with iUt Ignorant nor ant violence atthe t 68 Interests oC of one set I of men man almost alin t inevitably endangers the interests of all The he fundamental rule in our national n tion l life Ji the rule which underlies all others is that on the whole and in lU th till lon Ion long run we shall shaU go up or down together There are exceptions and in times of oC prosperity some will prosper far more PAd and R in times of adversity pome ome will suffer far more then than others but speaking king gen generally genera emily era a period parted of good times means mean that all share more or less in them and In hi a period of hard times alt ail feel the stress tress to a greater or less degree It surely ought not to be necessary nece saT to lo enter into any proof of this state statement statement statement ment the memory of the Jean lea years which began fyi fl 1 is still stilt vivid and we can contrast eon them with the condi conditions conditions In Ii l this very year which is new closing Disaster to great business en enterprises enterprises enterprises can never have Its effects lim urn limited limited lied to the men at the top It spreads throughout and while j Is bad for everybody It Is 18 worse f those far Car farthest farthest down The capitalist int may be shorn of his luxuries but the wage worker may be deprived of even bare hare necessities Calm Deliberation Necessary The mechanism of modern business is Ie isso IeSO Isso so delicate that extreme care must be betaken betaken betaken taken not to interfere with ith it In a spirit of f rashness or r Ignorance Many of those who have made it their vocation voc tion to denounce enounce the great industrial com corn combinations which are popularly although j with technical inaccuracy known as trusts appeal especially to hatred and fear These are precisely preci ely the two wo emotions particularly when combined I with ignorance w which ich unfit men inca for forthe forthe forthe the exercise e of cOot cool and steady jug judg judgment ju g 4 ment mentIn In facing new industrial condi 4 4 the whole history of the 4 4 world shows that legislation n will m 4 t eriLl ly be he bout bath h unwise and in 4 1 4 effective unless a p r 4 calm caIrn inquiry and ana with sober self 4 I 4 restraint Much of ot the legislation 4 4 directed at the trusts would have 4 1 4 been mischievous had it not also 4 4 been entirely ineffective In a 4 4 with a n so soci io 4 logical law the ignorant or reck 4 4 4 lew agitator has been the really 4 4 effective fC tive friend of the evils evns which 4 4 he has b s been nominally opposing In dealing with wilh business interests for th tte government to undertake by bv crude ehtle and legislation to 10 todo todo do what may turn out to be he bad he be to incur the risk nt of eI seek aoh acla big ing in national disaster that it would be preferable to undertake nothing neW at all aU aUThe The men who Yoho demand the impossible or On i the undesirable serve as the allies of the forces with whisk which wh h they are nom nem nominally nominally at war for they the hamper those thoe who would endeavor to find ADd nd out in ra rational rational rational fashion Chlon what the wrongs really are ar and to what extent and in what manner it is practicable to apply rem remedies remedies edies edi 8 All this is true and yet it fe Is also true tru that there are real rel and grave glave evils one on of the chief being beine over overcapitalization capitalization because of its It many bale baJe baleful ful tul consequences and a resolute and practical effort must be made mate to cor con correct correct reet these evils Views of th the People There is 18 a widespread conviction in inthe Inthe inthe the minds of the American people that the great grea t corporations corporation known as trusts t rut are in certain of their features an and tendencies hurtful to the general wel welfare welfare fare This springs from no DC spirit 01 envy or nor lac la k oi 01 pride in the great Industrial achieve achievements achievements ments that have bave placed this country at the head of the nations struggling for commercial supremacy It does not ot rest upon a lack of intelligent appreciation appreciation of the necessity of meeting changing chancing conditions of trade with new methods nor upon ignorance of the fact that combination of capital in the effort to accomplish arm things is I necessary when the worlds progress pro demands that great things be done It Itis Itis Itis is baaed based upon sincere conviction that combination and concentration should be not prohibited but supervised and within reasonable limits limIte controlled and in my judgment this conviction is ill right It is js no limitation upon property rights or freedom of contract to require that when men receive from govern government ment mont the privilege of doing business under und corporate form which frees trees them from individual responsibility and en enables enables ables them to call into their enterprises les the capital pital of or the public ie they shall do doso doso so upon absolutely truthful representations tiona as to the value of the tM property in Which the capital is iB to he be invested Corporations engaged f in interstate commerce should be regulated if they are found to exercise e a license working to the public Injury It should be as much the aim of those who seek for social betterment to rid the business bulnes world of crimes of cunning as alii to rid the entire body politic of crimes of vie vio violence 0 lence lenee Great corporations exist eMt only because they are created reaUd and aDd safe safeguarded safeguarded safeguarded guarded by other institutions and a d It 1 is therefore our right and aBd our r duty to see that they work In hi harmony with these I institutions |
