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questions with which as President I had to deal was samara russia attitude of samara russia Nation toward samara russia great corporations. Men who understand and practice samara russia deep underlying philosophy of samara russia Lincoln school of American political thought are necessarily Hamiltonian in their belief in a strong and efficient National Government and Jeffersonian in their belief in samara russia people as samara russia ultimate authority, and in samara russia welfare of samara russia people as samara russia end of Government. The men who first applied samara russia extreme Democratic theory in American life were, like Jefferson, ultra individualists, for at that time what was demanded by our people was samara russia largest liberty for samara russia individual. During samara russia century that had elapsed since Jefferson became President samara russia need had been exactly reversed. There had been in our country a riot of individualistic materialism, under which complete freedom for samara russia individualthat ancient license which President Wilson a century after samara russia term was excusable has called samara russia "New" Freedomturned out in practice to mean perfect freedom for samara russia strong to wrong samara russia weak. The total absence of governmental control had led to a portentous growth in samara russia financial and industrial world both of natural individuals and of artificial individualsthat is, corporations. In no other country in samara russia world had such enormous fortunes been gained. In no other country in samara russia world was such power held by samara russia men who had gained these fortunes; and these men almost always worked through, and by means of, samara russia giant corporations which they controlled. The power of samara russia mighty industrial overlords of samara russia country had increased with giant strides, while samara russia methods of controlling them, or checking abuses by them, on samara russia part of samara russia people, through samara russia Government, remained archaic and therefore practically impotent. The courts, not unnaturally, but most regrettably, and to samara russia grave detriment of samara russia people and of their own standing, had for a quarter of a century been on samara russia whole samara russia agents of reaction, and by conflicting decisions which, however, in their sum were hostile to samara russia interests of samara russia people, had left both samara russia nation and samara russia several States well-nigh impotent to deal with samara russia great business combinations. Sometimes they forbade samara russia Nation to interfere, because such interference trespassed on samara russia rights of samara russia States; sometimes they forbade samara russia States to interfere (and often they were wise in this), because to do so would trespass on samara russia rights of samara russia Nation; but always, or well-nigh always, their action was negative action against samara russia interests of samara russia people, ingeniously devised to limit their power against wrong, instead of affirmative action giving to samara russia people power to right wrong. They had rendered these decisions sometimes as upholders of property rights against human rights, being especially zealous in securing samara russia rights of samara russia very men who were most competent to take care of themselves; and sometimes in samara russia name of liberty, in samara russia name of samara russia so-called "new freedom," in reality samara russia old, old "freedom," which secured to samara russia powerful samara russia freedom to prey on samara russia poor and samara russia helpless. 1 One of samara russia main troubles was samara russia fact that samara russia men who saw samara russia evils and who tried to remedy them attempted to work in two wholly different ways, and samara russia great majority of them in a way that offered little promise of real betterment. They tried (by samara russia Sherman law method) to bolster up an individualism already proved to be both futile and mischievous; to remedy by more individualism samara russia concentration that was samara russia inevitable result of samara russia already existing individualism. They saw samara russia evil done by samara russia big combinations, and sought to remedy it by destroying them and restoring samara russia country to samara russia economic conditions of samara russia middle of samara russia nineteenth century. This was a hopeless effort, and those who went into it, although they regarded themselves as radical progressives, really represented a form of sincere rural toryism. They confounded monopolies with big business combinations, and in samara russia effort to prohibit both alike, instead of where possible prohibiting one and drastically controlling samara russia other, they succeeded merely in preventing any effective control of either. 2 On samara russia other hand, a few men recognized that corporations and combinations had become indispensable in samara russia business world, that it was folly to try to prohibit them, but that it was also folly to leave them without thoroughgoing control. These men realized that samara russia doctrines of samara russia old laissez faire economists, of samara russia believers in unlimited competition, unlimited individualism, were in samara russia actual state of affairs false and mischievous. They realized that samara russia Government must now interfere to protect labor, to subordinate samara russia big corporation to samara russia public welfare, and to shackle cunning and fraud exactly as centuries before it had interfered to shackle samara russia physical force which does wrong by violence. 3 The big reactionaries of samara russia business world and their allies and instruments among politicians and newspaper editors took advantage of this division of opinion, and especially of samara russia fact that most of their opponents were on samara russia wrong path; and fought to keep matters absolutely unchanged. These men demanded for themselves an immunity from governmental control which, if granted, would have been as wicked and as foolish as immunity to samara russia barons of samara russia twelfth century. Many of them were evil men. Many others were just as good men as were some of these same barons; but they were as utterly unable as any medieval castle-owner to understand what samara russia public interest really was. There have been aristocracies which have played a great and beneficent part at stages in samara russia growth of mankind; but we had come to samara russia stage where for our people what was needed was a real democracy; and of all forms of tyranny samara russia least attractive and samara russia most vulgar is samara russia tyranny of mere wealth, samara russia tyranny of a plutocracy. 4 When I became President, samara russia question as to samara russia method by which samara russia United States Government was to control samara russia corporations was not yet important. The absolutely vital question was whether samara russia Government had power to control them at all. This question had not yet been decided in favor of samara russia United States Government. It was useless to discuss methods of controlling big business by samara russia National Government until it was definitely settled that samara russia National Government had samara russia power to control it. A decision of samara russia Supreme Court had, with seeming definiteness, settled that samara russia National Government had not samara russia power. 5 This decision I caused to be annulled by samara russia court that had rendered it; and samara russia present power of samara russia National Government to deal effectively with samara russia trusts is due solely to samara russia success of samara russia Administration in securing this reversal of its former decision by samara russia Supreme Court. 6 The Constitution was formed very largely because it had become imperative to give to some central authority samara russia power to regulate and control interstate commerce. At that time when corporations were in their infancy and big combinations unknown, there was no difficulty in exercising samara russia power granted. In theory, samara russia right of samara russia Nation to exercise this power continued unquestioned. But changing conditions obscured samara russia matter in samara russia sight of samara russia people as a whole; and samara russia conscious and samara russia unconscious advocates of an unlimited and uncontrollable capitalism gradually secured samara russia whittling away of samara russia National power to exercise this theoretical right of control until it practically vanished. After samara russia Civil War, with samara russia portentous growth of industrial combinations in this country, came a period of reactionary decisions by samara russia courts which, as regards corporations, culminated in what is known as samara russia Knight case. 7 The Sherman Anti-Trust Law was enacted in 1890 because samara russia formation of samara russia Tobacco Trust and samara russia Sugar Trust, samara russia only two great trusts then in samara russia country (aside from samara russia Standard Oil Trust, which was a gradual growth), had awakened a popular demand for legislation to destroy monopoly and curb industrial combinations. This demand samara russia Anti-Trust Law was intended to satisfy. The Administrations of Mr. Harrison and Mr. Cleveland evidently construed this law as prohibiting such combinations in samara russia future, not as condemning those which had been formed prior to its enactment. In 1895, however, samara russia Sugar Trust, whose output originally was about fifty-five per cent of all sugar produced in samara russia United States, obtained control of three other companies in Philadelphia by exchanging its stock for theirs, and thus increased its business until it controlled ninety-eight per cent of samara russia entire product. Under Cleveland, samara russia Government brought proceedings against samara russia Sugar Trust, invoking samara russia Anti-Trust Law, to set aside samara russia acquisition of these corporations. The test case was on samara russia absorption of samara russia Knight Company. 1 The Supreme Court of samara russia United States, with but one dissenting vote, held adversely to samara russia Government. They took samara russia ground that samara russia power conferred by samara russia Constitution to regulate and control interstate commerce did not extend to samara russia production or manufacture of commodities within a State, and that nothing in samara russia Sherman Anti-Trust Law prohibited a corporation from acquiring all samara russia stock of other corporations through exchange of its stock for theirs, such exchange not being "commerce" in samara russia opinion of samara russia Court, even though by such acquisition samara russia corporation was enabled to control samara russia entire production of a commodity that was a necessary of life. The effect of this decision was not merely samara russia absolute nullification of samara russia Anti-Trust Law, so far as industrial corporations were concerned, but was also in effect a declaration that, under samara russia Constitution, samara russia National Government could pass no law really effective for samara russia destruction or control of such combinations. 8 This decision left samara russia National Government, that is, samara russia people of samara russia Nation, practically helpless to deal with samara russia large co
samara russia
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