We cannot effectively prohibit all combinations without doing far-reaching economic harm; and it is mere folly to do as we have done in the past—to try to combine incompatible systems—that is, to try both to prohibit and regulate combinations.
Roosevelt argues against the contradictory approach of prohibiting and regulating industrial combinations simultaneously.
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Character must show itself in the man's performance both of the duty he owes himself and of the duty he owes the State.
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