Capital journal. (Salem, Or.) 1893-1895, 1895-04-15
A CAUSE OVERLOOKED.

One OF the causes Of hard times thai
contributes TO the lack OF confidence In
the business world IL the prevailing
dishonesty among so-called business
men, financiers, and some public men
IL has come 10 be the custom for men
TO largely disregard the sacred obllga-
tIons OF trust whether for other men
or the public, when It is OF such char
acter that they can make large gains
aud leave the man who ls swindled no
legal redress.
In the management Of stock com
paDies "cutting the other fellows
throaP and "freezng out the minor
ity' has become the rule, whereas sa-
cred regard for the rights, Interests and
property OF others is the exception,
This custom OF cheating and dishon-
estly appropriatIDg what belongs to
another because you can do 1t, and
principally because you cannot be sent
to the penltentiary for 1t has " der
mined confidence in public affairs az
private enterprises more than finance
or the tariff.
How many Of the Portland million
aires have made their money honestly
or without robbIng the people? Take
the caae OF the manager of the Nor h
ern Pacific land department, Paul
6chulze, who sulcided ut Tacoma.
When the "smelling committee"
came, there was no one 10 meet IT,
Paul Schulze felt safe under the viii q
Of Henry Willard, and he did not go
near the committee. In It's caustic re-
port the committee called attention TO
the fact that there was no one at this
end Of the road to speak kind word
for IL.
Before and after the committee re-
turned 70 New York, President Bray.
ton Ives was busy gathering informa-
tion regarding the management Of the
Northern Pacific property under VII
lard and his lleutenants. He secured
much information from Tacoma re-
fiecting not only upon Schulze but
others OF q higher and lower station,
Receiver oakes being among them.
In brief, II was shown TO Ives and
the smelling committee" that the
officials of the road had been utilizirg
their positions TO feather their own prl-
vate nests, but the throwing OF the
property into the hands Of the receivers
put au end, for n time, to the plans OF
the reform element of the Northern
Pacific TO oust the Willard clique, but
an order was Issued forbIddng any
officIal 10 use his position 10 boost prl-
vate schemea. Three or four years ago.
when q, u, Wright, Of Philadelphia,
was there, he said Willard had lost In
grip. Nevertheless, sehulze help,d
Wrighta agents 10 unload the water
plant upon the city for 81, 900, 600, when
the property was not worth $780,
bat this act did not reconcile Wright
aud tho Willard element.
"rhe "umelllng committee" was con.
fident that the road had been mlsn.l n.
aged, aud new deal was agreed upon,
schulxe's head was among the first
called for, aud when II was too late he
regretleg having assisted Wright,
A rigid examination OF all sohulze's
affairs has heen ordered, and II Ia geB-
erAlly believed that there viii be some
startling developments EK.Mayor
Thomas cooper, Of south nead, wi o
was an aKmAn under General Manag,r
ksndnch, many years ago, on a sur.
ysylug party, has been looking Into the
affairs ~ the company here for some
lims, Rnd n IL bslisyed hs will take up
Ihe land department work whsn
sshulse loft a. kcbulse's life Insurance