from the evils of trusts has failed to accomplish fully that object.
This is probably due to a great extent to the fact that different States
take different views as to the proper way to discriminate between evil
and injurious combinations and those associations which are beneficial
and necessary to the business prosperity of the country. The great
diversity of treatment in different States arising from this cause and
the intimate relations of all parts of the country to each other without
regarding State lines in the conduct of business have made the
enforcement of State laws difficult.

It is apparent that uniformity of legislation upon this subject in
the several States is much to be desired. It is to be hoped that such
uniformity founded in a wise and just discrimination between what is
injurious and what is useful and necessary in business operations may
be obtained and that means may be found for the Congress within the
limitations of its constitutional power so to supplement an effective
code of State legislation as to make a complete system of laws
throughout the United States adequate to compel a general observance of
the salutary rules to which I have referred.

The whole question is so important and far-reaching that I am sure no
part of it will be lightly considered, but every phase of it will have
the studied deliberation of the Congress, resulting in wise and
judicious action.

A review of our relations with foreign States is presented with such
recommendations as are deemed appropriate.

The long-pending boundary dispute between the Argentine Republic and
Chile was settled in March last by the award of an arbitral commission,