Show y Epitome of President Roosevelt's Memorial Day DayS S Speech at Indianapolis I l I S A National Problem I I One great gi problem that we VC 11 have J e before us is is to preserve the rights of ot property and these these can only be he preserved el if we remember that they are in iii less jeopardy from froni frOl the socialist and the tie anarchist than from oni froll the predatory man Inan of wealth It has become evident evident evi evi- dent that to refuse to invoke the power of the tile nation to restrain the wrongs committed commit commit- ted by the man of oI great wealth who does evil is not only to neglect the interests of the Juble but it is to neglect the interests of the man JHan of means who acts honorably by his fellows The power of the nation must be he exerted to stop crimes crines of cunning no less than crimes of violence There can be no halt in the course couise we have deliberately elected elected elect elect- ed cd to pursue the policy of asserting asserting the right of the nation nation so far as it has the power to supervise and control the Business use of wealth especially in its corporate form To Iro Prevent Overcapitalization The rhe federal government will wil thus be bc able to prevent levent all al overcapitalization in ill the future to prevent any ally man JHan hereafter from froni plundering others others by loading railway properties prop prop- cities with wih obligations and aIll pocketing the money instead of spending it in improve improve- improvements ments and in ill legitimate corporate purposes and any man acting in such fashion should be held hed to a n criminal accountability Railway Regulation Come to Stay The movement to regulate railways by law Jaw has bas come cOlne to stay The Tue people of or this country have made up their minds Blinds and wisely made up UJ their minds to exercise a closer control over all al kinds of service public service corporations including railways Every honestly managed railway will gain and aud not lose by the tile policy The rhe men more e anxious anXIOUS to manipulate stocks tocks than to make nake the management of their their roads ef efficient and honest are th tile the only Ones who have cause canse to oppose it Evil Evi Doers Must Suffer As a matter of course we shall punish any cr criminal ninal who whom II we can cati cal convict con under the tho law Jaw but bitt we have no intention of confounding the tile innocent many and the guilty few by judged ill and sweeping scheme of Our Oui aim aini gily any judged il-judged sweeping vengeance a n is primarily to prevent prevent pre Pro vent these these abuses in the future Wherever evil doers loers can be e they shall be b brought to justice and no criminal high or low whom we can reach wi will receive immunity I Obligations of Railroads 1 The Tue ll man who shio bu builds ds a great railway and those who invest in it render a great pub puh- lic lie service for adequate transportation facilities are arc a vital vial necessity to the country I We Ve favor full and ample return to such men but lUt we do not favor a policy exploit of I ing tile the the many for the benefit of the tile fe few feVe We Ve favor firor the rai railway way man who ho operates his m railway a straightforward and business basis from upon open the standpoint of permanent per per- I manent investment and aud who has las an i interest terest in its future we are against only the man closed who vho cares es nothing for the property after his speculative deal in iii its is securities has been Mass of Securities Sold The rhe evidence seems ample that the great eat mass of our railroad securities rest upon safe and solid sold foundations if they fail fai in iii any degree to command complete public confidence con con- it is because isolated instances of unconscionable watering stock and kindred offenses arouse suspicion which naturally extends t to all al other corporate securities so long as similar practices are arc possible and the to tendency resort to them is unrestrained unrestrained unrestrained un un- un- un restrained by law S I v No N Injury f j y pl ted I S This his r nation l i e i t y Q 1 1 t of the national wealth weal fell than it would consider I. I a a. proposition t to repudiate debt But the public interest requires against debt guaranty anty improper multiplication of securities securities se se- se- se in the future I No Harm to Honest Men In II providing against overcapitalization we shall harm no human being who is honest and we wc shall benefit many luany for overcapitalization often ofen means an al inflation that invites business panic punic It always conceals the tile true relation of the profit earned to the capital invested creating a t burden of int interest lest payments which may luay redound i to the loss alk alike of the wage earner and the general public which is concerned in il the rates paid by shippers it i damages the small investor discourages ages thrift and puts a premium on 0 gambling and business trickery Benefit of Publicity We Ve hope as one OIe of the chief means for betterment of to secure as coni- coni publicity in the affairs of or COll- COll railroads oads as now obtains with regard to I national banks Protection for the Honest The Tue aim null in of the national government is quite quie as much to favor and and aud prot protect prote ct t honest corporations honest business men Ilen of wealth as to bring to justice those in individuals an and corporations representing dishonest methods Not R Responsible for Frauds The Tue administration is responsible for tor turning on the light but hut it i is is' HOt not responsible for what the the light showed v Eternal Vigilance Promised There hele will whit wil not be he the slightest up let-up in the effort efort to hunt hUlt down l dO and punish every dishonest man But the bulk of nut our business is honestly honesty done r t I Need for Better Service Serice The great cat nce need of the hour from flOn the standpoint of the x general public Of of the producer pro of pro pro- ducer lUcer consumer an and shipper alike alike is is the is alke-is need for better transportation facilities beter for additional tracks tracks additional terminals and improvements in ill the actual handling of the railroads s an and all this with the tile least possible al delay Ample safe and rapid transportation f tation facilities are even more necessary cheap transportation Credit Must Be Bs Preserved V T We e C can I not get geL an improved unproved se service vice unless the carriers carrier of the country COUlt I sell y can their securities and therefore sel ther nothing should be done clone unwarrantedly to impair their credit I nor or to decrease ease the value of their outstanding obligations Morals With Business Let Iet us Bevel forget that this is not merely a matter of business but mater also a matter of morals The success of our whole of our system government lUg ing between men HIn not reference to whether they are depends rich upon our or poor whether they low one occupation ton or another but with follow fol- fol follow 01 wih reference erice solely to whether an and upright p t citizens should not act act Let Lei the local ocal attorneys of the they Uey act as h honest pol politics and when have big roads oads keep keen out of they to o appear before the national or state any legislature e open their J names ames be put 1111 put on OU a ii special register i-egister and let their then business be above board and let ant |