PRESIDENT ROOSEVELT ON TRUSTS.

Wairarapa Age, Volume XXXI, Issue 9045, 3 February 1908, Page 5

PRESIDENT ROOSEVELT ON TRUSTS.

CABLE NEWS.

United Press Electric Telegraph Copyright.

AN IMPASSIONED DOCUMENT. RUNNING THE RAILWAYS. THE GOVERNMENT MUST TAKE A HAND. Received February 2, 4.25 p.m. NEW YORK, February 1. In a document, which is generally admitted to be the most impassioned and stirring ever issued from White House, and which takes the form of a special message to Congress, President Roosevelt vehemently denounces the methods of the Standard Oil Trust and the Aitchison line, and the whole web of business as corruption. He urges tha! - . further legislation should be passed, and . suggests the prevention of the grosser forms of gambling in stocks and the futures in commodities. Regarding railroads, President Roosev.lt says that companies should issue stocks and bonds only in a manner approved of by the federal Government, and the proceeds should be used for improvements,not for the enrichment either of an individual oa syndicate. The Federal Governr inent must assume a certain measure of control over the physical operation of railroads in the handling of interstate traffic. Besides their rights, employers must be impressed with their obligations and duties towards their employees, investors in their stocks and the general public. President Roosevelt's message recomended, inter alia, the re-enactment of the Employers' Liability law in conformity with the Supreme Courts' decision, and that it should be confined to corporations doing interstate business. The Democrats in both Houses applauded the message. In the Senate, Senator Gefferson Davis described the message as the best Democratic document that has ever emanated from a Republican President.