OVTL1NKS 11)1,1? \ or \I?MIM*.
ftUnOi lOWAXDi iu<;
111 s|M ss.
1><?** iKit Won u, right I rusts. Imi
rhey Musi (onto under the Uw?
Point* out Measures Wldch .Vie
Needed and < utU on t ongress for
IKtilred Legislation.
Washington. Jan. 20.?President
Wilson* address follows In full:
"Oentlemen of the congress:
In my report on the ?t?te of the
union, which I hud the privilege of
reading to you on the 1st of Decem?
ber last. I vonturjd to reserve for
discussion at .? laier dute the subject
of additional legislation regarding the
very difficult md intricate mHtter of
trusts and monopolies. The time now
seems opportune to turn to that great
question; not only because the cur?
rency legislation, which absorbed your
attention and the attention of the
country in December is now disposed
of. but also because opinion appears j
to be clearing about us with singulur
rapidity in this other great held of
action. In tho matter of the cur?
rency it cleared suddenly and very
happily after he much debated act
was passed; In respect to the mono?
polies which hrve multiplied about us
sad In regard to the various means
by which they have been organized
and maintained it seetnH to be com?
ing to a clear and ull but universal
agreement In anticipation of our ac?
tion, us If by the way of preparation,
making the wuy easier to see and
easier to set out upon with confidence
and without c< nfuslon of counsel.
"Legislation ras Its utmoaphers like
everything eis? and the atmosphere of
accommodutton and mutual under?
standing which we now breathe with
so much refreshment is matter of
sincere congratulation*. It ought to
make our task very much less diffi?
cult and embarrassing than it would
have been hud we been obliged to
continue it act amidst the atmos?
phere of suspicion und antagonism'
which has so long made It impossible
to approach such questions with dis?
passionate fairness. Constructive leg?
islation, when successful* is always
tke embodiment of convincing ex?
perience and of the mature public
opinion which finally springs out of
that experience. Legislation is a
> Ineas of Interpretation, not of
origination; and It la now plain what
opmton is t<? w trief?-we must give
?fl> Jt In this matter. It Is not re
or hasty opinion. It aprmgs out
of the experience of u whole genera?
tion. It has clarified Itself by long
contest, and those who for a long time
battled with it and sought to change
It ars now frankly and honorably
yielding to It and seeking to conform
their actions to it.
"The great business men who or- j
ganised and financed monopoly and
those who administered it in actual
srery day transactions have year af?
ter year, until now. either den!sd Its
existence or Justified it as necessary
for the effective maintenance and de?
velopment of the vast business pro?
cesses of the country la the modern
circumstances of Jrtdo and manu?
facture and finance; but all the while
opinion has made head ugalnst them.
The average bualneas man is convinced
that the ways of liberty are also the
ways of peace and r.he ways of suc?
cess aa well; and at lust the masters
of business on the great scale have
begun to yl?ld their preference and
purpose, pet haps their Judgment also,
In honorable surrender.
"What wo are purposing to do.
therefore, Is happily not to hamper or
Interfere with buslnoes us enlighten?
ed business men prefer to do It, or
lr\ any sense to put It under tho ban.
The untagonlam between business and
government is over. We are now
about to give expression to the best
business Judgment of America, to
what w? know to be the business con?
science and honor of the land. Tin
government and business nu n are
reads li meet each other hulf way In
a common effort to square business
methods with l.oth puhlir opinion and
the law. Tb?? I>? st nionned men of'
the business world cond?'inu the meth-i
ods and proresM-N and consequences
oi monopoly us wo condemn them,
snd the tnstua live judgment Ol the
vast majority o' business no-n e\eiv -
where goes with them. We shall now
be their spokesman. That is the
strength of our position md the sure
prophecy of what will ensue when our
reasonable work Ig done
' When serious contest ends, when
men unite In opinion and purpose,
those who Sjffsj to chain;" their wa>s
of business joining Wttli ?hos,, who
:u>k for the i h IgejOi K si possible t<? ef?
fect It in the way In which prudent
and thoughtful and patriotic men
would wish to see it brought ubout,
with as few, ss slight, as easy and
simple business readjtiotinontl '?s pos?
sible in the ein u mala im as, nothing st>
sentlul disturbed mahnt; torn up by
the roots, no pai 'a mil .1 -.wnder w hieb
f .in t,r left in wto.ii tiuiic i omhlnatton
; n.iti-lv. no get asures ,,i |WOe fling
of novel changs are uei essary. It will
1 ift understood thut our object is no?
lo uusetllu business 01 an.su In !?? ao?
' riouslv to hreak its estaWished courses
athwart. On the contrary, we desire
the laws we are now ;\l?out to pan to
' be the bulwarks and ?afaffuartlf of in
1 dustry against the forces that have
disturbed it. What we have to do can
be done in a new spirit, in thought?
ful moderation, without revolution of
an untoward kind.
"We are all agreed that private
monopoly is indefensible anil intoler?
able, and our program is founded Up?
on that conviction. It will be a com?
prehensive but not a radical or un
, acceptable program and these are its
items, the changes which opinion de
i liberately sanctions and for which
business waits.
"It awaits with acquiescence In the
first place for laws which will of
1 fectually prohibit and prevent such
lnterlockings of the personnel of the
directorates of great corporations?
banks and railrouds, industrial, com*
i merclal and public service bodies?as
in effect result in making those who
borrow and those who lend practical?
ly one and the same, those who sell
and those who buy but the ?amo per?
sons trading with one another under
different names and in different com?
binations and those who affect to
j compete, in fact partners and mas
! ters of some whole field of business.
Sufficient time should be allowed, of
course, in which to effect these change
of organization without inconvenience
or confusion.
"Such a prohibition will work much
moro than a mere negative good by
correcting tho serious evils which
have arisen because, for example, the
men who have been the directing spir?
its of the great Investment banks
have usurped tho plo.co which belongs
to independent industrial management
working in its own behalf. It will
bring new men, new energies, a new
spirit of initiative, now blood into the
management oC our great business en?
terprises. It will open the field of
industrial development and origina?
tion to scores of men who have been
obliged to serve wren their abilities
entitled them to direct. It will im?
mensely hearten the young men com?
ing on and will greatly enrich the
business activities of the whole coun?
try.
"In the second place, business men,
as well as those whe direct public af?
fairs now recognize with painful clear?
ness, the great harm and injustice
which has been donii to many, if not
all. of the great railroad systems of
the country by the way in which they
have Keen financed and their own
distinctive interests subordinated to
the interests of the men who financed
them and of other business enter?
prises which those men wished to
promote,
"The country is r?ady therefore to
accept and accept with relief as well
as approval, a law <vhich will confer
upon the Interstate commerce commis?
sion the power to superintend and
regulate the financial operations by j
which the railroads are henceforth to
bo supplied with the money they need
for their proper development to meet
the rapidly growing requirements of
the country for increased and improv?
ed facilities of transportation. We
cannot postpone action in this matter
without leaving the railroads exposed
to many serious handicaps and haz?
ards; and tho prosperity of the rail?
roads and the prosperity of the coun?
try are inseparably connected. Upon
this question those who are chiefly re?
sponsible for the actual management
I and operation of the railroads have
spoken very plainly and very earnest?
ly, with a purpose we ought to be
quick to accept. It will be one step,
and a very important one, toward the
necessary separation of the business
of the transportalon.
"The business of tho country awaits
also, bas long waited and has suffer?
ed because it could not obtain fur?
ther and more explicit legislative
definition of the policy and meaning
of the existing anti-trust laws. Noth?
ing hampers business like uncertain?
ty. Nothing daunts or discourages it
like the necessity to tako chances, to |
run the risk of falling under the con?
demnation of the law before it can
makn sure Just what the law is. Surely
mj% are sufficiently familiar with the
actual processes and methods Of mo?
nopoly and of the many hurtful re?
straints Ol trade to make definition
possible, i| any rate up to the limits of
what experience ha.s disclosed. These
practices, being now abundantly dis?
closed, run be explicitly, and item by
item, forblddog by statute in such
terms at will practically eliminate un
Icertainty, the law Itself and the pen?
alty being mad.iually plain.
"And the business men of the eottn
try Aoatre something more than that
the menace oi legal process in these
matters be made . Kpiiclt ami Inteltlg
ibie. They desire tho advice, lh<
definite guidance and information
u inch con be supplied bj an adminli
trative body, und int, i itatfl Hade com?
mission
"The opinion of the rountr) would
Instantly approve of such o rommls?
? n. It would not wish (o see it cm
fiowered to uiulle ttfflN With inOnOpOl)
or in nns sort 10 BOSUm.ntiol ot
business, as if the government tnnd<
itseii responsible, it demands such n
i commission only mn an Indlapensibb
instrument of information ami pub
j licity. us a clearing house for the
iacts by which both the public mind
and the managers of great business
i undertakings should be guided, and as
; an instrumentality for doing justice
to business where the processes of the
! courts or the nati -aI forces of Cor
j motion outside the courts are inade?
quate to adjust the remedy to the
( wrong In a way that will meet all the
; equities and circumstances of the
case.
j "Producing industries, for example,
which have passed the point up to
which combination may be consistent
with the public Interest and the free
I dorn of trade, cannot always be dis?
sected into their component units as
readily as railroad companies or sim?
ilar organizations can be. Their dis
| solution by ordinary legal process may
oftentimes involve financial conse?
quences likely to overwhelm the se
! curlty market and bring upon it
breakdown and confusion. There
ought to be an administrative com?
mission capable of directing and shap?
ing such corrective processes, not
only in aid of the courts, but also by
independent suggestion, if necessary.
"Inasmuch as our object and the
spirit of our action in these matters
is to meet business half way in its pro?
cesses of self correction and disturb,
its legitimate course as little as pos?
sible, we ought to see to it, and the ,
judgment of practical and sagacious
men of affairs everywhere would ap?
plaud us if we did see to it that pen?
alties and punishments should fall,
not upon business i self, to its con?
fusion and interruption, but upon the
individuals who use the instrumen?
talities of business to do things which
public policy and sound business prac?
tice condemn. Every act of business
is done at the command or upon the
initiative of some ascertainable per?
son or group of persons. These
should be held individually respon?
sible and the punishment should fall
upon them, not upon the business or?
ganization of which they make illegal
use. It should be one.of the main
objects of our legislation to divest
such persons of their corporate cloak
and deal with them as with those who
do not represent their corporations,
but merely by deliberate intention
break the law. Business men the
country through would, I am sure, ap?
plaud us If we were to take effectual
steps to see that the officers and a
rectors of great bodies es pre* nted
from bringing them and in? ouslness
of the country into disrepute and
danger.
"Other questions remain which will
need very thoughtful and practical
treatment. Enterprises, In these mod?
ern days of great individual fortunes,
are oftentimes interlocked, not by be?
ing under the control of tho same di?
rectors, but by the fact that the great-!
er part of their corporato stock is|
owned by a single person or group of
persons who are in some way inti?
mately related in interest. We are
agreed, 1 tu&e it, that holding QOfBOO>
nies should be prohibited, but what i
of the controlling private ownership!
of individuals or actually coopera-j
tive groups of Individuals? Shall the
private owners of capital stock be
suffered to bo themselves in effect
holding companies. We do not wish.
I suppose, to forbid the purchase of
stocks by any person who pleases to
buy them in such quantities as he can
afford, or in any way arbitrarily to
limit tho sale of stocks to bona fide
purchasers.
Shall we require the owners of
stock, when their voting power In sev?
eral companies which ought to be in?
dependent of one another would con-1
stitute actual control, to make elec-!
tion in which of them they will exer?
cise their right to vote? This ques
| tlon I vonture lor your consideration.
"There Is another matter in which
f Imperative considerations of justice
and fair play suggests thoughtful re
' medial action. Not only do many of
the combinations effected or sought
to be effected in the industrial world
work an injustice upon the public in
general; tiny also directly and se?
riously injure the individuals who are
put out of business in one fair way or
another by the many dislodging and
exterminating forces of combination.
I hopo that we shall agree in giving
private individuals who eluisi to have
been injured by these processes the
right to found their suits for redress
upon the facts and judgments proved
and entered in suits by the govern?
ment where the government has upon
its own Initiative sued the combina?
tions complained of and won its suit,
and that the statute of limitation shall
be suffered to run against such liti?
gants only from the date of the con?
clusion of the government's action. It
is not fair that the private litigant
should he obliged to set up and es?
tablish again the facts which the
governmenl has proved Me cannot
afford, he has not the power t,, make
use of such processes of Inquiry a
j the government has command ot
? Thus shall individual justice be dole
While the processes of business nre
rectified and squared with the gen
eral conscience.
I have laid Ihi case before you, no
doubt as it los in your own mind,
i it Hon in the thought of the coun
i What mUSl every candid men
i iij "i the Huggestiotis I have laid be
i fori? you, ff the plain obligations of
[which l have reminded you? Thai
[these are now things for which the
I country is not prepared? No; but
I that they an- old things now familiar,
'and RlUlt of course ?>e undertaken ii
'we are to square our laws with the
thought and desire of the country.
Until these things are done con?
scientious business men the country
j over will he unsatisfied. They are in
these thitiKs our mentors and col
? leagues. We are now about to write
; the additional articles of our consti?
tution of peace, the peace that is hon-'
or and freedom and prosperity."
Death.
Mr. 8, C. Newman died at his home
in Concord January 15th. He has
been a Ioiik sufferer from a cancer
and his death, was not a surprise to
his many friends and relatives.
He leaves two sisters, Mrs. S. J.
Newman and Mrs. J. W. Childers and
one ??rother, W. J. Xewrnan, all of
Concord, Sumter County.
Real Estate Transfers.
Master to (VDonnell and Company,
Sumter's Mount Tract containing 202 '
acres, $500.
James C. Goings to Tindal and Cut
tlno, Inc., one-sixth interest to tract
of 50 acres, $20. * <i; j
Perry M. Parrott to J. L. McCal- j
lum, lot on Liberty street, $900.
John L. Prltehard to Hi Drane
Tindal, his interest in tract of 34
acres, $25.
Marriage LlOon#0 Record.
License to marry have been issued
to the following colored couples: K.
W. Oeddls and Josephine Howard,
Sumter, and Jene Anderson and An?
nie Wilson, Bhtloh.
DE.iI> IN HIS BED.
Unusual Knd of a Famou* Aviator.
New York, Jan. 22.?Charles Ham-'
ilton, the widely known aviator, died
suddenly today at his home here from
hemorrhage, aged :J4. He had been
in bad health for two years.
We Waited Late
To announce our big white sale, on j
account of repairs at our store, but'
we have the goods and it will pay JTOU i
to visit us first. MoCollum Broa.?
Advt.
The northernmost national forest is
the Chugaeh In Alaska; the south?
ernmost is the Luquillo In Porto Rico.
MK'oltum Bros White Side.
Starts Tuesday, January 27th. Bi
sure and attend this event. You can
save money bv doing so.?Advt.
?_!-?.?
Greelyville
BUSINESS SCHOOL
Individual Training for Boys and
Girls.
THE course of nil BOflistl branches,
shorthand, typwritlnff and book?
keeping offers unsurpassed opportu?
nities to the youths of your county
at a very reusonahle price. Hoard
can be obtained in town, i'or parti?
culars address.
J. M. JERVEY,
GREELYVILLE, ? S. C.
V_
f-\
BRIDGE TEETH
By this work the den?
tist is able to fix per?
manently between the
teeth left to you artific?
ial ones that are perfect
in appearance 'and use?
fulness. See Dr. Court?
ney. He makes chis
work his specialty.
Have an inspection.
Get his opinion.
Sumter Dental
Parlors,
?
Dr. C. H. Courtney, Prop
Over Shaw &, McCollum.
J
OVER 66 YEARS
EXPERIENCE
Trade Marks
Demon!
Copyrights Ac.
a nyona w?ndli?s * *kat?h daiartpMon mtty
i? ?-ii. ii our uptnlMI fro? whether nu
non ii pmbatilr patantabl? cmmni?rn.
m tri ilrcoiiiidauilsl.HANDBOOK oaPataotg
pdni ire#. DMoat apMiry for ?MurincSAtatiUi.
i?i . i i ti,i < i ifirough Muun x Co, r?x wlro
fl, i n ? m ,. m .i hout churK'> in thti
Scientific iimcricatt.
^ haadSomaly llluatratad weekly. t.Rrr*wt cir
riilntlou of ;<n? (.i nMilltlc tournal. Te'Ui*. $.< ?
*?itrj foar mootb?, f L Soul by all newndaah rs.
fflUNN&Co.3B~-'NewM
Drauob wOi ?.>.?. ?%$ I St,, Wuablauiou. I). c
THE TERRIBLE CASE OF MIKE M ULLI KAN.
Down about old llooton town, in the district of Rack Bay. Mike
Mulllkan had his being, ami also ran a dray. Hut the Ikal one
day got after Mike, they would not lei him bo, and so one fine
morning he had the pleurisy. Then followed cough"-, ?oro throat
and colds, and final y grippe and boils, and sunburn inflanimation
then?they got him in their <s>ils. Mike also got some bruises,
corns, bunions, burns and sprains, he Pud rheumatic symptoms
and lumbago gave h.m pains. Neuralgia, tootliaohe, felons, crowd?
ed last upon bio ills, lonsilitis and pie umonia then knocked liim off
his sills. The doctor sind brop'lutis. too, would come most any
day, and it looked like Hike might have a job of riding Ids own
dray. Just as deatli began to dance and mourners all looked grim,
a kindly good obi neighbor said: "Try Gontejg stuff on him."' And
so they took beloved .Mike and rubbed Mm hard all day, and Mike
sings GO wane prolate now. and Mike still drives his dray.
QoWUns is Sold and Guaranteed by ull Druggists.
THREE SIZES 25, 50 AND $1.00
GOWAN MEDICAL CO., Concord, N. C.
OUR WHITE SALE
STARTS TUESDAY, JAN. 27TH
Of Ladies', Misses and Children's
Muslin Underwear. We promise
you greater values than even our?
selves have ever given you, as
we've been preparing for this sale
sometime but delayed announce?
ment on account of repair work
in our store.
Be sure to visit this sale. ??
McCOLLUM BROTHERS
Absence Makes the Heart Grow Fonder
Wc're void, but a gooc portrait of the absent one w'U keep the receUec
tlou more \ ivlrt? aud comfort many a lonley hour ot ?? parat io^..
We make a specialty of Portrature. and omr Studio Is exceptionally
?quippeC for tine portrait work.
I*W X T ? \ The Man Who Knows Portraiture, Sells
W 1 tl lei im Picture Frames and doe* Kodak finishing
? T 111UU1 llj io % SOUTH MAIN STREET.
V_
SHINGLES, LATHS,
WOOD a nd COAL
We bave tbe Goods at Bight Prices.
No Order too Large or too Small.
SUMTER RETAIL
LUMBER CO.,
Phone 56 4. ?. Hoitll. Mgr.
WITH A CAPITAL
?OF
$200,000.00
And Surplus of
$50,000.00
This bank is in a position to extend aid
to depositors for any legitimate purpose
New Accounts large or snail are
desired, and a perfect service is assured.
Have you a banking home
The Bank of Sumter
it
? ?
tl
?
* *
t
I
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t+++1 e ? ?????MMHIMMMM 444 #.? ? M M J U.MJ.U UM5
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