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1、PresidentTeddyRooseveltsNewNationalismSpeechWecomeheretodaytocommemorateoneoftheepoch-makingeventsofthelongstrugglefortherightsofma11-thelongstrugglefortheupliftofhumanity.Ourcountry-thisgreatRepublic-meansnothingunlessitmeansthetriumphofarealdemocracy,thetriumphofpopulargovernment,and,Inthelongrun,
2、ofaneconomicsystemunderwhicheachmanshallbeguaranteedtheopportunitytoshowthebestthatthereisinhim.ThatiswhythehistoryofAmericaisnowthecentralfeatureofthehistoryofthev/orld;fortheworldhassetitsfacehopefullytowardourdemocracy;and,Omyfellowcitizens,eachoneofyoucarriesonyourshouldersnotOnrytheburdenofdoin
3、gwellforthesakeofyourcountry,buttheburdenofdoingwellandofseeingthatthisnationdoeswellforthesakeofmankind.Atmanystagesintheadvanceofhumanity,thisconflictbetweenthemenwhopossessmorethantheyhaveearnedandthemenwohaveearnedmorethantheypossessisthecentralconditionofprogress.Inourdayitappearsasthestruggleo
4、ffreementogainandholdtherightofself-governmentasagainstthespecialinterests,whotwistthemethodsoffreegovernmentintomachineryfordefeatingthepopularwill.Ateverystage,andunderallcircumstances,theessenceofthestrugglei$toequalizeopportunity,destroyprivilege,andgivetothelifeandcitizenshipofeveryindividualth
5、ehighestpossiblevaluebothtohimselfandtothecommonwealth.Practicalequalityofopportunityforallcitizens,whenweachieveit,willhavetwogreatresults.Firstzeverymanwillhaveafairchancetomakeofhimselfallthatinhimlies;toreachthehighestpointtowhichhiscapacities,unassistedbyspecialprivilegeofhisownandunhamperedbyt
6、hespecialprivilegeofothers,cancarryhim,andtogetforhimselfandhisfamilysubstantiallywhathehasearned.Second,equalityofopportunitymeansthatthecommonwealthwillgetfromeverycitizenthehighestserviceofwhichheiscapable.Nomanwhocarriestheburdenofthespecialprivilegesofanothercangivetothecommonwealththatservicet
7、owhichitisfairlyentitled.Istandforthesquaredeal.ButwhenIsaythatIamforthesquaredeal,ImeannotmerelythatIstandforfairplayunderthepresentrulesofthegame,butthatIstandforhavingthoseruleschangedsoastoworkforamoresubstantialequalityofopportunityandofrewardforequallygoodservice.WhenIsayIwantasquaredealforthe
8、poorman,IdonotmeanthatIwantasquaredealforthemanwhoremainspoorbecausehehasnotgottheenergytoworkforhimself.Ifamanwhohashadachancewillnotmakegood,thenhehasgottoquit.Now,thismeansthatourgovernment.NationalandState,mustbefreedfromthesinisterinfluenceorcontrolofspecialinterests.Exacttyasthespecialinterest
9、sofcottonandslaverythreatenedourpoliticalIntegritybeforetheCivilWacsonowthegreatspecialbusinessintereststoooftencontrolandcorruptthemenandmethodsofgovernmentfortheirownprofit.Wemustdrivethespecialinterestsoutofpolitics.Thetruefriendofproperty,thetrueconservative,ishewhoinsiststhatpropertyshallbethes
10、ervantandnotthemasterofthecommonwealth；whoinsiststhattheueatureofmansmakingshallbetheservantandnotthemasterofthemanwhomadeit.ThecitizensoftheUnitedStatesmusteffectivelycontrolthemightycommercialforceswhichtheyhavecalledintobeing.Therecanbenoeffectiventrolofcorporationswhiletheirpoliticalactivityrema
11、ins.Tbputanendtoitwillbeneitherashortnoraneasytask,butitcanbedone.Wemusthavecompleteandeffectivepublicityofcorporateaffairs,sothatthepeoplemayknowbeyondperadventurewhetherthecorporationsobeythelawandwhethertheirmanagemententitlesthemtotheconfidenceofthepublic.Itisnecessarythatlawsshouldbepassedtopro
12、hibittheuseofcorporatefundsdirectlyorindirectlyforpoliticalpurposes；itisstillmorenecessarythatsuchlawsshouldbethoroughlyenforced.Corporateexpendituresforpoliticalpurposes,andespeciallysuchexpendituresbypublic-servicecorporations,havesuppliedoneoftheprincipalsourcesofcorruptioninourpoliticalaffairs.I
13、thasbecomeentirelyclearthatwemusthavegovernmentsupervisionofthecapitalization,notonlyofpublic-servicecorporations,including,particularly,railways,butofallcorporationsdoinganinterstatebusiness.IdonotwishtoseethenationforcedintotheownershipoftherailwaysIfitcanpossiblybeavoided,andtheonlyalternativeist
14、horoughgoingandeffectivelegislation,whichshallbebasedonafullknowledgeofallthefactszincludingaphysicalvaluationofproperty.Thisphysicalvaluationsnotneeded,or,atleast,isveryrarelyneeded,forfixingrates；butitIsneededasthebasisofhonestcapitalization.Wehavecometorecognizethatfranchisesshouldneverbegrantede
15、xceptforalimitedtimerandneverwithoutproperprovisionforcompensationtothepublic.Itismypersonalbeliefthatthesamekindanddegreeofcontrolandsupervisionwhichshouldbeexercisedoverpublic-servicecorporationsshouldbeextendedalsotocombinationswhichcontrolnecessariesoflife,suchasmeat,Oi1.orCOa1.orwhichdealinthem
16、onanimportantscale.Ihavenodoubtthattheordinarymanwhohascontrolofthemi$muchlikeourselves.Ihavenodoubthewouldliketodowell,butIwanttohaveenoughsupervisiontohelphimrealizethatdesiretodowell.Ibelievethattheofficers,andrespecially,thedirectors,ofcorporationsshouldbeheldpersonaltyresponsiblewhenanycorporationbreaksthelaw.Combinationsinindustryaretheresultofanimperativeeconomiclawwhichcannotberepealedbypoliticallegislation.Theeffortatprohibitingallcombinationhassubstantial
