Show MESSGEOFOOSEVELT I t Governor Empire State Talks to State Legislature flU I ME SPEAKS OF COMBINES I Suggests legislation which will Hcmedy Evils Arising from the W Formation of Trusts So Cites n Number of Abuses Alleged Against L the Great Combines Where Ono cyh Becomes a Monopoly the State He Declares Has a Bight to Intervene m Would Repeal PrizeFight Law L on in Albany N Y Jan C The State Legislature convened Sn annual session unfl today In the Semite Timothy 15 Ells n worth of Niagara county was reelected ii President pro tern and In the House tgo Frederick Nixon of Chautauqua county lel was reelected Speaker The annual message of Oov Theodore 1 Roosevelt was read The Governor itJ treats at considerable length the sub lon4 t bets of modern industrial combinations IIS and trusts laml DANGEROUS TO SOCIETY Alin Lr The contrast offered In the highly aroj ipeclallzcd industrial community bo i vcen the very rich and the very poor c jays the Governor is exceedingly dls rl Teaslng 1 and while under normal con 1 llllons the acquirement of wealth by Car in individual Is necessarily of great rong ncldental benefit to the community asa nab as-a whole yet this Is by no means always At the case In our great cities there Is 1 plainly In evidence much wealth contrasted con-trasted with much poverty and some of the wealth has been acquired or Is Elh used In a manner for which there is no iii moral Justlllcatlon a The chicanery C chi-canery and the dishonest even though nso not technically Illegal methods through ILy which some great fortunes have been made are scandalous to our civilization Id4 The man who by swindling or wrongdoing LvI wrong-doing acquires great wealth stands as icily low morally as a malevolent and Is amore rnby a-more dangerous member of society PROTECTING HONEST PEOPLE Any law and any method of construing con-struing the law which will enable the community lo punish him either by TI taking away his wealth or by Imprisonment I Ic Impris-onment should be welcomed Of I L course such lawn arc even more needed ir In dealing with great corporations or trusts than with Individuals They are needed quite as much for the sake of honest corporations as for the sake of the public Thecorporatlon that manages Its affairs honestly has 1 a right todemand protection against the dishonest corporation ABUSES FROM TRUSTS 4 The chief abuses alleged to arise from trusts arc probably the following Misrepresentation or concealment regarding re-garding material facts connorted with the organlxatlon of an enterprise the evils connected with unscrupulous promotions pro-motions overcapilullxatfon unfair compptlllon resulting In IMP crushing out of competitors who ih mselvs do I not act Improperly raising of prices above fair competitive rates the wielding wield-ing of creiU3ed Owir6Yel the wage earners Spin6 oi these evils could be I partially remediedby u modification of our corporation laws here we can safely go along the llmw of the more conservative NcVEngland States and probably not a little further Such laws will thumsjUyeH provide the needed pubIcily and iho needed clrcumslan tiallty of statement I PEOPLESHOULD HAVE FACTS 1 Wo should know authoritatively whether stock represents actual value > f planlH or whether 11 represents Brands or good will or If not what It Joes represent If anything It Is desirable de-sirable to knowhow much wan actually to r bought how much was Issued free and w to whom and If possible for what rca hon This would enable UH lo see just what the public hiive u right to expect mC I In time way of service and taxation STATE CAN INTERFERE If Where a trust becomes a monopoly fl the Stale has an immediate right to Interfere i aro should be taken not J lo stlllo cnlrrprlse or disclose any fads of a butilness that are essentially prl we valf but the Stalo for the protection aih uC the public should exercise the right c lo Inspect to examine thoroughly all c the workings of grail corporations Just as Is now dom with banks and wher ovcr the interest of time public demand ai it It should publish the results of Us tr examination Then if there arc Inordinate Inordi-nate profits competition or public sen tlmonl will give the public the benefit u In lowered prices and If not the power of taxation remains LABOR LEGISLATION Gov Roosevelt also devotes some id Miico to a review of labor legislation Ii In New York und commends the work C 5 of the board of mediation and arbitration iLO arbitra-tion In dealing with strikes during the ra jiaal year lie promises his approval of a drug clerks bill lo remedy hardships to which men In that occupation arc subjected I WOULD REPEAL HORTON LAW r The Governor recommends the repeal of the Horton boxing law on the I ground thai when any sport Is carried on primarily for money that Is as a business is in danger of losing much Allc that Is valuable and acquiring sonic j4i exceedingly undesirable bharucterlsUcs tfl In the ease of prizefighting not only rI P tdo all the objections vhlch apply to other professional sports apply brag I 4 iPf gravated terms but In addition time exhibition 5nd ex-hibition bus a very demoralizing and eaI brutalizing effect Moreover the evils are greatly aggravated by the fact that cats the light It for a money prize and Is 4 the occasion for unlimited gambling I L and betting |