[Theodore Roosevelt by Theodore Roosevelt]@TWC D-Link book
Theodore Roosevelt

CHAPTER XII
14/62

I at once began to urge upon Congress the need of laws supplementing the Anti-Trust Law--for this law struck at all big business, good and bad, alike, and as the event proved was very inefficient in checking bad big business, and yet was a constant threat against decent business men.

I strongly urged the inauguration of a system of thoroughgoing and drastic Governmental regulation and control over all big business combinations engaged in inter-State industry.
Here I was able to accomplish only a small part of what I desired to accomplish.

I was opposed both by the foolish radicals who desired to break up all big business, with the impossible ideal of returning to mid-nineteenth century industrial conditions; and also by the great privileged interests themselves, who used these ordinarily--but sometimes not entirely--well-meaning "stool pigeon progressives" to further their own cause.

The worst representatives of big business encouraged the outcry for the total abolition of big business, because they knew that they could not be hurt in this way, and that such an outcry distracted the attention of the public from the really efficient method of controlling and supervising them, in just but masterly fashion, which was advocated by the sane representatives of reform.
However, we succeeded in making a good beginning by securing the passage of a law creating the Department of Commerce and Labor, and with it the erection of the Bureau of Corporations.

The first head of the Department of Commerce and Labor was Mr.Cortelyou, later Secretary of the Treasury.


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