Theodore Roosevelt: An Intimate BiographyThayer, William Roscoe
History
Theodore Roosevelt: An Intimate Biography
Thayer, William Roscoe
Presidents -- United States -- Biography; Roosevelt, Theodore, 1858-1919
He left no doubt of his
intention, still less could he disguise the fact of his
tremendous personal vigor; but rather than threaten he tried to
persuade; he was good-natured to everybody, he explained the
reasonableness of his measures; and only when the satraps of
Plutocracy so far lost their discretion as to threaten him, did
he bluntly challenge them to do their worst.
The Interests had undeniably reached such proportions that unless
they were chastened and controlled, the freedom of the Republic
could not survive. And yet, in justice, we must recall that when
they grew up in the day of small things, they were beneficial;
their founders had no idea of their becoming a menace to the
Nation. The man who built the first cotton-mill in his section,
or started the first iron-furnace, or laid the first stretch of
railroad, was rightly hailed as a benefactor; and he could not
foresee that the time would come when his mill, entering into a
business combination with a hundred other mills in different
parts of the country, would be merged. in a monopoly to strangle
competition in cotton manufacture. Likewise, the first stretch of
railroad joined another, and this a third, and so on, until there
had arisen a vast railway system under a single management from
New York to San Francisco. Now, while these colossal monopolies
had grown up so naturally, responding to the wonderful expansion
of the population they served, the laws and regulations which
applied to them, having been framed in the days when they were
young and small and harmless, still obtained. The clothes made
for the little boy would not do for the giant man. I have heard a
lawyer complain that statutes, which barely sufficed when travel
and transportation went by stage-coach, were stretched to fit the
needs of the public in its relation with transcontinental
railroads. This is an exaggeration, no doubt, but it points
towards truth. The Big Interests were so swollen that they went
ahead on their own affairs and paid little attention to the
community on which they were battening. They saw to it that if
any laws concerning them had to be made by the State Legislatures
or by Congress, their agents in those bodies should make them. A
certain Mr. Vanderbilt, the president of one of the largest
railroad systems in America, a person whose other gems of wit and
wisdom have not been recorded, achieved such immortality, as it
is, by remarking, "The public be damned." Probably the president
and directors of a score of other monopolies would have heartily
echoed that impolitic and petulant display of arrogance.
Impolitic the exclamation was, because the American public had
already begun to feel that the Big Interests were putting its
freedom in jeopardy, and it was beginning to call for laws which
should reduce the power of those interests.
Public-domain text, read in full here on John Shaqi.
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