The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-10-09
EXPOSITION MANAGERS
DEVOTE A DAY TO VISITORS
FROM NEW YORK
DEPEW DELIVERS A SPEECH
Full Of Bright Promises Of the In
crease of Prosperity in the
Far West
Press Special Wire.

ARSOClateQ ETeSS SpeCidi WHS'
OMAHA, Oct S.-If New York had had
a day made to order it would not have Sc
cured more delightful weather for its cele-
bration at the exposition. There is a large
crowd in attendance, with a fire delegation
Of New Workers, representative citizens,
including Chauncey NJ. Depew. chairman.
of tho State Committee and other promin
ont citizens. Senator Warner Miller pre-
sided at the formal exercises at the Au-
d,torium. at which Mr.. Depew was the
principal orator
Mr.. Depew spoke of the far-reaching
benefits the nation received from the
Worlds fair and said:
The great benefits which the Worlds
fair at Chicago conferred upon the United
States IN acquisition from foreign coun-
tries and Information to foreign govern
ments this exposition at Omaha is to vastly
enhance in bringing nearer together, in bet
ter understanding Of each other. the differ
ent sections of our own country.
New York has been too content with be-
ing the Empire state and with having IT'S
chief city the metropolis of the continent;
the west too eager for empire Independent
Of the east the south living too much upon
its traditions and IN its past, and the Pacific
slope resting too severely upon its bound
less possibilities and great expectations.
The war with Spain has superbly restored
the sentiment of nationality and eliminated
sectional jealousies. But this exp sition is
a healthy educator for commercial union.
1.-THE concentrated capital Of the east IS
the fruit of 300 years of settlement and
trade 1t is needed in the west for railroads,
irrigation, mines. water power, furnaces
and mills. But capital Is bcth selfish and
intelligent. 1t never deserts a territory
because the investment has failed through
bad Judgment. II seeks other sources fer
profitable employment and finds its re-
muneration in other ard needed work for
the development Of the country. The
honest investor believes in legislation
which extends the supervision of the gov
eminent over the corporation and the trust.
He knows that his safety as well as the
public interests require publicity. 1t Is
only when a community foohshly thinks
that by having confiscated today non
resident perman ent investment it has
gained without effort the capital for its
future, that the investor withdraws and
stays away.
Money is both timid and modest. 1t
stockings or inches in the wall or burrows
in the ground. 1t requires high civilization
and great guarantees to bring it out. put it
in circulation and make it useful. In times
and in places of panic and '9itrust It disap
pears and increases the distress. With the
return Of confidence i moves the machinery
Of society and makes possible varied in
dustries and prosperity. The state which
oil tive
power from money it has invited or Dor
rowed soon learns that it has gained tenn
porary advantage and last its credit. which
IS the most fruitful source If profit and
prosperity.
Education is the remedy for our trou-
bles The school is the preparatory depart
mont Of the college and the College fits
boys for the greater university If the world.
The school and the college teach-they can
not educate. The collegan can become as
narrow as his village playmate who grad
uated at the common school, If both re-
man for their life-work in the isolated en-
v;ronment Of these local conditions. pre-
JUDGES and misconceptions. Both of them
ccme to this exposition. The encrcNng
horizon which makes confident their phys
zeal and Intellectual vision expands with
their minds and embraces states and cities.
arts ad industries. They see the vastness
and interdapendence of our internal COM
merce. They learn that the more intelll-
gently selfish any business may be the more
patriot:cally it encourages every other in
dustry and contributes TO the general veal.
The solution cf the certury-veXing problem
Of capital and labor grows simpler. They
see that even a railroad president may be
Z philosophical citizen without betraying
the interests or lessening the business Of
his company; that the money power is the
concentration Of the capital Of the many
at convenient centers of financial opera
ttons and contact with the world, where it
lies idle and useless in times Of distrust,
but Is easily drawn to the beneficent pur-
poses and productive energies Of the COM
munity which can give it profitable en-
ployment.
when Nebraska shall have reached the
age Of New York there VII be population
of over POO, 100000 in the United States. Our
domain viii be sufficient for their support
ard our institutions elastic enough for their
orderly government and their liberty. IT.
telLgence will be keen ana high and the
state VIII be very close TO the daily lfe al nd
industrial activities of the people. Co
operation viii be working to ar extent now
thought chimerical There will always be
differences Of conditions, as God has en-
dCwed his children with variant degrees #
gifts. but the much-abused doctrine thai
the world owes every man iivng will be