The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-12-03
SENATOR HOAR'S ADVICE TO
NEW ENGLAND CAPITALISTS.

NNN ENGlIAND CAPl IAlIlSIS.
Senator Hoar has warned the business
men of New England that the people Of
the south have lost confidence in them,
and asks them if they do not consider it
worth while for them to regain that conf
dence. Senator Hoar, in recent
speech in Boston, said
1t is asserted that while Mckinley has
l,OOO,OOO majority, change of 25,000
votes would have given the election to
his opponent. 1t is sad to contemplate
this. Can not the business men of New
England aid the cause of good govern
ment? Can not they, by the weight of
their integrity, regain the confidence of
the west? 1t is not strange that when
the people of the west see the accumua.
ton of wealth by gambling in the stock
market they should try to initiate in n
smaller manner. 1t is not strange that
when they read the history of railroad
construction in the west they should en-
deavor to repudiate their debts. | call
upon the business men of New England
to hold strictly to honest business Drin.
ciples and regain the confidence of the
people of the south and west.
While the senator from Massa chusetts
has struck the key note of this
situation, he has also manifested an
unexpected liberality of sentiment and
breadth of craftsmanship for which he
deserves due honor 1t is not often that
New England senator justifies the
south in any prejudice it may entertain
against the capitalists of that section Of
our common country; neither is it often
that New England statesman exhibits
such a correct judgment in matters yer
tanning TO the south. It is worth some
thing to the south and west for a New
England senator to find grounds to JUS
tify a sentiment that exists in the south,
especially as such justice and liberality
have heretofore been quite rare from
that quarter.
There is. too, an implied censure in the
sentence We have quoted from Senator
Hoar's speech of his own people, for he
says: Il call upon the business men
Of New England to hold strictly to hon
est business principles and regain the
confidence of the people of the south
and west" This can mean nothing less
than that the business men of New Eng
land have not in their dealings with the
south and west held "strictly to honest
business principles" and that they have
been trading upon the necessities OF
these two sections and thereby lost the
confidence of these people.
We do not desire to so emphasize The
language of Senator Uorr us to place
him in an awkward position towards his
own people, but rather to commend him
for the backbone he exhibits in calling
them down and advising them to change
their methods. This liberal expression
of opinion and justification of genera
sentiment existing in the west and soutl
is a most favorable beginning toward,
the restoration Of the confidence thai
Senator Hoar says the east has lost. L
is the opening up of better understand
ing of each other by the people of tn,
different sections. and if the capitalist!
of New England will take their senator.
advice and deal fairly with the southern
and western people, it will do more t
free the country of pcrnicious iinancia
ideas than anything else. The CAPT
talists of New England lack in sagacit,
themselves when they bank upon tn,
ignorance of honest business methods o.
the southern people. The southern PEG
pie have. by reason Of the necessity foj
outside capital for the development o
the diversified interests of the SOUTH il
their extremity overlooked keen one-side,
financial transactions practiced b!
capitalists, but they were web awar,
Of the imposition and stood it only be
cause of their necessities. II was. thea