the man of exceptional business capacity should be amply rewarded; and there is nothing inconsistent with this in our insistence that he shall not be guilty of bribery or extortion, and that the rights of the wageworker and of the man of small means, who are themselves honest and hard working, shall be scrupulously safeguarded. The instruments for the exercise of modern industrial power are the great corporations which, though created by the individual States, have grown far beyond the control of those States and transact their business throughout large sections of the Union. These corporations, like the industrial conditions which have called them into being, did not exist when the Constitution was founded; but the wise forethought of the founders provided, under the interstate commerce clause of the Constitution, for the very emergency which has arisen, if only our people as a whole will realize what this emergency is; for if the people thoroughly realize it, their governmental representatives will soon realize it also. The National Government alone has sufficiently extensive power and jurisdiction to exercise adequate control over the great interstate corporations. While this thorough supervision and control by the National Government is desirable primarily in the interest of the people, it will also, I firmly believe, be to the benefit of those corporations themselves which desire to be honest and law-abiding. Only thus can we put over these corporations one competent and efficient sovereign――the Nation――able both to exact justice from them and to secure justice for them, so that they may not be alternately pampered and oppressed. The proposal need be dreaded only by those corporations which do not wish to obey the law or to be controlled in just fashion, but prefer to take their chances under the present lack of all system and to court the chance of getting improper favors as offsetting the chance of being blackmailed――an attitude rendered familiar in the past by those corporations which had thriven under certain corrupt and lawless city governments.