Presidential addresses and state papers, Volume 2 (of 7)Roosevelt, Theodore
History
Presidential addresses and state papers, Volume 2 (of 7)
Roosevelt, Theodore
Roosevelt, Theodore, 1858-1919; United States -- Politics and government -- 1901-1909
In curbing and regulating the combinations of capital which are or
may become injurious to the public we must be careful not to stop
the great enterprises which have legitimately reduced the cost of
production, not to abandon the place which our country has won in
the leadership of the international industrial world, not to strike
down wealth with the result of closing factories and mines, of turning
the wage-worker idle in the streets and leaving the farmer without a
market for what he grows. Insistence upon the impossible means delay
in achieving the possible, exactly as, on the other hand, the stubborn
defence alike of what is good and what is bad in the existing system,
the resolute effort to obstruct any attempt at betterment, betrays
blindness to the historic truth that wise evolution is the sure
safeguard against revolution.
No more important subject can come before the Congress than this of
the regulation of interstate business. This country can not afford to
sit supine on the plea that under our peculiar system of government
we are helpless in the presence of the new conditions, and unable
to grapple with them or to cut out whatever of evil has arisen in
connection with them. The power of the Congress to regulate interstate
commerce is an absolute and unqualified grant, and without limitations
other than those prescribed by the Constitution. The Congress has
constituted authority to make all laws necessary and proper for
executing this power, and I am satisfied that this power has not been
exhausted by any legislation now on the statute books. It is evident,
therefore, that evils restrictive of commercial freedom and entailing
restraint upon national commerce fall within the regulative power of
the Congress, and that a wise and reasonable law would be a necessary
and proper exercise of Congressional authority to the end that such
evils should be eradicated.
I believe that monopolies, unjust discriminations, which prevent or
cripple competition, fraudulent overcapitalization, and other evils in
trust organizations and practices which injuriously affect interstate
trade can be prevented under the power of the Congress to “regulate
commerce with foreign nations and among the several States” through
regulations and requirements operating directly upon such commerce,
the instrumentalities thereof, and those engaged therein.
I earnestly recommend this subject to the consideration of the
Congress with a view to the passage of a law reasonable in its
provisions and effective in its operations, upon which the questions
can be finally adjudicated that now raise doubts as to the necessity
of constitutional amendment. If it prove impossible to accomplish the
purposes above set forth by such a law, then, assuredly, we should
not shrink from amending the Constitution so as to secure beyond
peradventure the power sought.
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