Theodore Roosevelt and His Times: A Chronicle of the Progressive MovementHowland, Harold
History
Theodore Roosevelt and His Times: A Chronicle of the Progressive Movement
Howland, Harold
Progressive Party (1912); Roosevelt, Theodore, 1858-1919
This assurance was quite sufficient. The pure chase was made and
announced, the firm in question did not fail, and the panic was
arrested. The immediate reaction of practically the whole country was
one of relief. It was only later, when the danger was past, that critics
began to make themselves heard. Any one who had taken the trouble
to ascertain the facts would have known beyond question that the
acquisition of the Tennessee properties was not sufficient to change
the status of the Steel Corporation under the anti-trust law. But the
critics did not want to know the facts. They wanted--most of them, at
least--to have a stick with which to beat Roosevelt. Besides, many of
them did not hold Roosevelt's views about the square deal. Their belief
was that whatever big business did was ipso facto evil and that it was
the duty of public officials to find out what big business wanted to do
and then prevent its accomplishment.
Under a later Administration, Roosevelt was invited to come before a
Congressional investigating committee to explain what he did in this
famous case. There he told the complete story of the occurrence simply,
frankly, and emphatically, and ended with this statement: "If I were on
a sailboat, I should not ordinarily meddle with any of the gear; but if
a sudden squall struck us, and the main sheet jammed, so that the boat
threatened to capsize, I would unhesitatingly cut the main sheet, even
though I were sure that the owner, no matter how grateful to me at the
moment for having saved his life, would a few weeks later, when he had
forgotten his danger and his fear, decide to sue me for the value of
the cut rope. But I would feel a hearty contempt for the owner who so
acted."
Public-domain text, read in full here on John Shaqi.
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