Presidents -- United States -- Messages; United States -- Politics and government -- Sources
The establishment of the Department of Commerce and Labor, with the
Bureau of Corporations thereunder, marks a real advance in the
direction of doing all that is possible for the solution of the
questions vitally affecting capitalists and wage-workers. The act
creating Department was approved on February 14, 1903, and two days
later the head of the Department was nominated and confirmed by the
Senate. Since then the work of organization has been pushed as rapidly
as the initial appropriations permitted, and with due regard to
thoroughness and the broad purposes which the Department is designed to
serve. After the transfer of the various bureaus and branches to the
Department at the beginning of the current fiscal year, as provided for
in the act, the personnel comprised 1,289 employees in Washington and
8,836 in the country at large. The scope of the Department's duty and
authority embraces the commercial and industrial interests of the
Nation. It is not designed to restrict or control the fullest liberty
of legitimate business action, but to secure exact and authentic
information which will aid the Executive in enforcing existing laws,
and which will enable the Congress to enact additional legislation, if
any should be found necessary, in order to prevent the few from
obtaining privileges at the expense of diminished opportunities for the
many.
The preliminary work of the Bureau of Corporations in the Department
has shown the wisdom of its creation. Publicity in corporate affairs
will tend to do away with ignorance, and will afford facts upon which
intelligent action may be taken. Systematic, intelligent investigation
is already developing facts the knowledge of which is essential to a
right understanding of the needs and duties of the business world. The
corporation which is honestly and fairly organized, whose managers in
the conduct of its business recognize their obligation to deal squarely
with their stockholders, their competitors, and the public, has nothing
to fear from such supervision. The purpose of this Bureau is not to
embarrass or assail legitimate business, but to aid in bringing about a
better industrial condition--a condition under which there shall be
obedience to law and recognition of public obligation by all
corporations, great or small. The Department of Commerce and Labor will
be not only the clearing house for information regarding the business
transactions of the Nation, but the executive arm of the Government to
aid in strengthening our domestic and foreign markets, in perfecting
our transportation facilities, in building up our merchant marine, in
preventing the entrance of undesirable immigrants, in improving
commercial and industrial conditions, and in bringing together on
common ground those necessary partners in industrial progress--capital
and labor. Commerce between the nations is steadily growing in volume,
and the tendency of the times is toward closer trade relations.
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