PREDATORY MEN OF WEALTH.
DENUNCIATION BY MR. ROOSEVELT. MORE • DANGEROUS THAN ANARCHISTS. By Telegraph.*—rrwa Association.—Copyright (Received May 31. 11.10 p.m.. 1 London*. May 31. President Roosevelt, speaking at Indianopolis yesterday, said that property was less in jeopardy from the socialists and anarchists than predatory men of wealth. The Government did not intend to refrain from asserting the nation's right to control businesses, and the use of wealth especially in its corporate form. The Government must exercise over the railways a power analogous to that exercised over the national banks. It must prevent over-capitalisation and the undue inflation of securities. Every honestly-managed railway, he said, would gain under this policy. The Government's purpose in no sense was punitive or vindictive. No single State was powerful enough to cope legislatively with the powerful corporations engaged in inter-State commerce.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19070601.2.34
Bibliographic details
New Zealand Herald, Volume XLIV, Issue 13453, 1 June 1907, Page 5
Word Count
136PREDATORY MEN OF WEALTH. New Zealand Herald, Volume XLIV, Issue 13453, 1 June 1907, Page 5
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in