Theodore Roosevelt; an Autobiography eBook

This eBook from the Gutenberg Project consists of approximately 761 pages of information about Theodore Roosevelt; an Autobiography.

Theodore Roosevelt; an Autobiography eBook

This eBook from the Gutenberg Project consists of approximately 761 pages of information about Theodore Roosevelt; an Autobiography.
and properly do.  It is absurd, and much worse than absurd, to treat the deliberate lawbreaker as on an exact par with the man eager to obey the law, whose only desire is to find out from some competent Governmental authority what the law is, and then to live up to it.  Moreover, it is absurd to treat the size of a corporation as in itself a crime.  As Judge Hook says in his opinion in the Standard Oil Case:  “Magnitude of business does not alone constitute a monopoly . . . the genius and industry of man when kept to ethical standards still have full play, and what he achieves is his . . . success and magnitude of business, the rewards of fair and honorable endeavor [are not forbidden] . . . [the public welfare is threatened only when success is attained] by wrongful or unlawful methods.”  Size may, and in my opinion does, make a corporation fraught with potential menace to the community; and may, and in my opinion should, therefore make it incumbent upon the community to exercise through its administrative (not merely through its judicial) officers a strict supervision over that corporation in order to see that it does not go wrong; but the size in itself does not signify wrong-doing, and should not be held to signify wrong-doing.

Not only should any huge corporation which has gained its position by unfair methods, and by interference with the rights of others, by demoralizing and corrupt practices, in short, by sheer baseness and wrong-doing, be broken up, but it should be made the business of some administrative governmental body, by constant supervision, to see that it does not come together again, save under such strict control as shall insure the community against all repetition of the bad conduct—­and it should never be permitted thus to assemble its parts as long as these parts are under the control of the original offenders, for actual experience has shown that these men are, from the standpoint of the people at large, unfit to be trusted with the power implied in the management of a large corporation.  But nothing of importance is gained by breaking up a huge inter-State and international industrial organization which has not offended otherwise than by its size, into a number of small concerns without any attempt to regulate the way in which those concerns as a whole shall do business.  Nothing is gained by depriving the American Nation of good weapons wherewith to fight in the great field of international industrial competition.  Those who would seek to restore the days of unlimited and uncontrolled competition, and who believe that a panacea for our industrial and economic ills is to be found in the mere breaking up of all big corporations, simply because they are big, are attempting not only the impossible, but what, if possible, would be undesirable.  They are acting as we should act if we tried to dam the Mississippi, to stop its flow outright.  The effort would be certain to result in failure and disaster; we would have attempted the impossible, and so would have achieved nothing, or worse than nothing.  But by building levees along the Mississippi, not seeking to dam the stream, but to control it, we are able to achieve our object and to confer inestimable good in the course of so doing.

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Theodore Roosevelt; an Autobiography from Project Gutenberg. Public domain.