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" "The great corporations which we have grown to speak of rather loosely as trusts are the creatures of the State, and the State not only has the right to control them wherever need of such control is shown... [Applause] The immediate necessity in dealing with trusts is to place them under the real, not the nominal, control of some sovereign to which, as its creatures, the trusts owe allegiance, and in whose courts the sovereign's orders may be enforced. In my opinion, this sovereign must be the National Government.
Theodore Roosevelt, Jr. (27 October 1858 – 6 January 1919), also known as T.R. or Teddy, was an American statesman, author, explorer, soldier, naturalist, and reformer who served as the 26th president of the United States from 1901 to 1909. As a leader of the Republican Party during this time, he became a driving force for the Progressive Era in the United States in the early 20th century.
Biography information from Wikiquote
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If this country is really to go forward along the path of social and economic justice, there must be a new party of nationwide and non-sectional principles, a party where the titular national chiefs and the real state leaders shall be in genuine accord, a party in whose counsels the people shall be supreme, a party that shall represent in the nation and the several states alike the same cause, the cause of human rights and of governmental efficiency. At present both the old parties are controlled by professional politicians in the interests of the privileged classes, and apparently each has set up as its ideal of business and political development a government by financial despotism tempered by make-believe political assassination. Democrat and Republican alike, they represent government of the needy many by professional politicians in the interests of the rich few. This is class government, and class government of a peculiarly unwholesome kind.