AT WHEELING, W. VA., SEPTEMBER 6, 1902
My Friends and Fellow-Citizens:
It is a pleasure to come here to your city. I wish to thank the Mayor, and through the Mayor all of your citizens, for the way in which, upon your behalf, he has greeted me; and I wish to state that it is a special pleasure to be introduced by my friend, Senator Scott. I have known the Senator for some time, and I like him, because when he gives you his word you don’t have to think about it again.
I am glad to have the chance of saying a few words here in this great industrial centre in one of those regions which have felt to a notable degree the effects of the period of prosperity through which we are now passing. Probably never before in our history has the country been more prosperous than it is at this moment; and it is a prosperity which has come alike to the tillers of the soil and to those connected with our great industrial enterprises.
Every period has its own troubles and difficulties. A period of adversity, of course, troubles us all; but there are troubles in connection with a period of prosperity also. When all things flourish it means that there is a good chance for things that we don’t like to flourish also, just exactly as things that we do like. A period of great national material well-being is inevitably one in which men’s minds are turned to the way in which those flourish who are interested in the management of the gigantic capitalistic corporations, whose growth has been so noted a feature of the last half century—the corporations which we have grown to speak of rather loosely as trusts—accepting the word in its usual and common significance as a big corporation usually doing business in several States at least, besides the State in which it is incorporated, and often, though not always, with some element of monopoly in it.
It seems to me that in dealing with this problem of the trusts—perhaps it would be more accurate to say the group of problems which come into our minds when we think of the trusts—we have two classes of our fellow-citizens whom we have to convert or override. One is composed of those men who refuse to admit that there is any action necessary at all. The other is composed of those men who advocate some action so extreme, so foolish, that it would either be entirely non-effective, or, if effective, would be so only by destroying everything, good and bad, connected with our industrial development.
In every governmental process the aim that a people capable of self-government should steadfastly keep in mind is to proceed by evolution rather than revolution. On the other hand, every people fit for self-government must beware of that fossilization of mind which refuses to allow of any change as conditions change. Now, in dealing with the whole problem of the change in our great industrial civilization—in dealing with the tendencies which have been accentuated in so extraordinary a degree by steam and electricity, and by the tremendous upbuilding of industrial centres which steam and electricity have been the main factors in bringing about—I think we must set before ourselves the desire not to accept less than the possible, and at the same time not to bring ourselves to a complete standstill by attempting the impossible. It is a good deal as it is in taking care, through the engineers, of the lower Mississippi River. No one can dam the Mississippi. If the nation started to dam it, the nation would waste its time. It would not hurt the Mississippi, but it would not only throw away its own means, but would incidentally damage the population along the banks. You can’t dam the current. You can build levees to keep the current within bounds and to shape its direction. I think that is exactly what we can do in connection with these great corporations known as trusts. We can not reverse the industrial tendency of the age. If you succeed in doing it, then all cities like Wheeling will have to go out of business. Remember that. You can not put a stop to or reverse the industrial tendencies of the age, but you can control and regulate them and see that they do no harm.
A flood comes down the Mississippi—you can’t stop it. If you tried to build a dam across it, it would not hurt the flood, and it would not benefit you. You can guide it between levees so as to prevent its doing injury, and so as to ensure its doing good. Another thing: you don’t build those levees in a day or in a month. A man who told you that he had a patent device by which in sixty days he would solve the whole question of the floods along the lower Mississippi would not be a wise man; but he would be a perfect miracle of wisdom compared to the man who tells you that by any one patent remedy he can bring the millennium in our industrial and social affairs.
We can do something; I believe we can do a good deal, but our accomplishing what I expect to see accomplished is conditioned upon our setting to work in a spirit as far removed as possible from hysteria—a spirit of sober, steadfast, kindly—I want to emphasize that—kindly determination not to submit to wrong ourselves and not to wrong others, not to interfere with the great business development of the country, and at the same time so to shape our legislation and administration as to minimize, if we can not eradicate, the unpleasant and vicious features connected with that industrial development. I have said that there can be no patent remedy. There is not any one thing which can be done to remove all of the existing evils. There are a good many things which, if we do them all, will, I believe, make a very appreciable betterment in the existing conditions. To do that is not to make a promise that will evoke wild enthusiasm, but a promise that can be kept; and in the long run it is much more comfortable only to make promises that can be kept than to make promises which are sure of an immense reception when made, but which entail intolerable humiliation when it is attempted to carry them out.
I am sufficiently fortunate to be advocating now, as President, precisely the remedies that I advocated two years ago—advocating them not in any partisan spirit, because, gentlemen, this problem is one which affects the life of the nation as a whole—but advocating them simply as the American citizen who, for the time being, stands as the Chief Executive and, therefore, the special representative of his fellow-American citizens of all parties.