The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1897-12-15

ed throughout that awful struggle and
was a cavalry officer who saw much
campaigning in Arkansas and after
the war ended made himself home at
Little Rock, in the capture of which
place he had assisted. He had just
entered upon practice at law when he
was made United States District Judge.
His elevation to the Circuit bench
came from President Harrison. 1t was
from personal knowledge Of the char
acter and worth of the young lawyer
that President Lincoln considered him
the best fitted man in sight for the try
ing requirements of the situation and
the position. He had been major and
colonel Of his regiment and had been
recommended for promotion for brilli-
ant action and planning. Before tho
war he had been considered the brightt
est Of the young lawyers In his eeeo
1t was in 1890 that Judge Caldwell 49,
raised to the Circuit bench. HIS C5k
cult includes the States ofsMlnnee0tS
Iowa, Missouri. Nebraska, Kq01Ass CofqS
RADIO, Arkansas, North Dakota, South
Dakota and Wyoming. This Is nS6sS
one-fourth the area Of the whole U8
ed States. 49,
Much might easily be expected or
man holding such pOsittous as Ju0&0
Caldwell occupies. He issthe author Of
many addresses and opinions thatta&6'
accepted as literature. OF late ySQrp hA.
has become more and more prohnine6S
by series of decisions affecting rail-
way and other corporations Outside
the court room he has given utter&nCe
to decided views on economic subjects.
Following are brief extracts from WITT
ings by Judge Caldwell. who by cQN
tributor to the Arena, the reform pefty
odical, is called "A Just Judge" s.S
Money was crested to be circulate.
ing medium-a MEASURE Of value and
a legal tender in payment Of debts; ana
it only Performs it's true function when
actively employed in settling balances,
exchanges and in Industrial
pursuits. 1t is barren thing, 1t gives
birth to nothing. Horses and cattle
the country, farms and factories yield
their productions, but money is as in
capable Of producing anything as
yard-stick or half-bushel.
1T may be endowed by law with the
power of accumulate-that is, to draw
interest But this power Is a gift Of
the law, and may be withheld alto
gether or granted to the extent only
that it is found to be beneficial to the
people.
ITO what extent money should be
endowed with the power to draw in
terest depends, in a great measure, up
on the average profits realized on capi-
tai invested in agricultural and indus
trial pursuits"
"The stockholders of a corporation
may die, but the corporation still lives;
men may come and men may co. but
the corporation goes on forever; its
stock changes hands, but the capital
of the corporation is the property Of
the corporation, which no stockholder
can touch; the perpetual accumulation
and concentration of capital is in this
way made secure against death itself.
The money and lands it once acquires,
it may hold forever.
whatever difference of opinion there
may be as to the policy of allowing
the unlimited ownership of lands by
individuals, l asert, upon authority,
that no Christian can dispute that God
created this earth for his children, and
not for the goddess and soulless arti-
fetal creations of man."
"The coercive power of the law for
the collection of debts is not the basis
of credit The foundation Of credit by
which the commerce of the world is
carried on is confidence in the honesty,
business capacity, and probable ability
of the debtor to meet his engagements.
The richest man in Arkansas could
not buy, on credit, bill of goods in
st. Louis or New York, if it was known
that he would not pay except at the
end of an execution.
'sThe strongest law Of mans nature
is the primal law of self-preservation
Hunger is craving, imperious, and ire
sistible, and must be satisfied or end
in tragedy. Nothing renders a man
so desperate as real hunger and no.
thing renders him so dangerous to So
ciel orders as the knowledge that his
hunger is the result of unjust or op-
pressive laws
"The foundation on which the respect
for contracts rests is the conviction
that they have been fairly entered in
continued c.I Second Page)