Presidents -- United States -- Messages; United States -- Politics and government -- Sources
The present Congress has taken long strides in the direction of
securing proper supervision and control by the National Government over
corporations engaged in interstate business and the enormous majority
of corporations of any size are engaged in interstate business. The
passage of the railway rate bill, and only to a less degree the passage
of the pure food bill, and the provision for increasing and rendering
more effective national control over the beef-packing industry, mark an
important advance in the proper direction. In the short session it will
perhaps be difficult to do much further along this line; and it may be
best to wait until the laws have been in operation for a number of
months before endeavoring to increase their scope, because only
operation will show with exactness their merits and their shortcomings
and thus give opportunity to define what further remedial legislation
is needed. Yet in my judgment it will in the end be advisable in
connection with the packing house inspection law to provide for putting
a date on the label and for charging the cost of inspection to the
packers. All these laws have already justified their enactment. The
interstate commerce law, for instance, has rather amusingly falsified
the predictions, both of those who asserted that it would ruin the
railroads and of those who asserted that it did not go far enough and
would accomplish nothing. During the last five months the railroads
have shown increased earnings and some of them unusual dividends; while
during the same period the mere taking effect of the law has produced
an unprecedented, a hitherto unheard of, number of voluntary reductions
in freights and fares by the railroads. Since the founding of the
Commission there has never been a time of equal length in which
anything like so many reduced tariffs have been put into effect. On
August 27, for instance, two days before the new law went into effect,
the Commission received notices of over five thousand separate tariffs
which represented reductions from previous rates.
It must not be supposed, however, that with the passage of these laws
it will be possible to stop progress along the line of increasing the
power of the National Government over the use of capital interstate
commerce. For example, there will ultimately be need of enlarging the
powers of the Interstate Commerce Commission along several different
lines, so as to give it a larger and more efficient control over the
railroads.
Public-domain text, read in full here on John Shaqi.
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