ROOSEVELT AND CORPORATIONS
LATEST. CABLE NEWS.
USITED PBESS ASSOCIATION - —111 81.SCTHIC TELEQBAPII.—COPYKIGIH.
GOVERNMENTS ATTITUDE EXPLAINED. Received 31st, 12.10 p.m. London, May 31. President Roosevelt, speaking at Indianopnlis, said property was less iu jeopardy from Socialist anarchists than from men of wealth. The dovcrnment did not intend to refrain from asserting the nation's right to control bu-ine.-iies i use of wealth, c-pccialiy in a form. The (Jovernmeu! must exerei-e [ over lh.' railways a pa'.ver analogous j to ih it which it exercises over the national banks, and must prevent over-! capitalisation or undue inflation of securities. Every honestly managed rnihviy wi:l gain under this policy. -The (.' - vernment purpose in no snisc to I'e punitive or vindictive, but no Slate was powerful enough to cope legislatively with powerful corporations engaged in. inter-State conunerc. j
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Taranaki Daily News, Volume L, Issue 59, 1 June 1907, Page 5
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132ROOSEVELT AND CORPORATIONS Taranaki Daily News, Volume L, Issue 59, 1 June 1907, Page 5
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