The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-09-29

Tsnaeney 70 0Vsr-tlxAna AestEiet tAPiR
oDsratons ~ UsjuIt Lawn
CHICAGO, Sept ss.-Er-compttUllsr
Iames 4. EcIeels 0pote to the TIro M
surance UnderWTitoEs' Association t.
dag. Ids topic bolnEs '.Ths oountFJ11
rreat fntarsstS.r he 6aid tnpaft!
'srhe commercial world n thiS DAY q
excessive competition may not inlprop-
erly BE- criticised for - demand that
the Insurance company and tho bank Do
business upon such margin Ot charge
| Tor service rendered thai both must %
beyond the pale OF bnstnOss safety hnd
undertake dubious ana doubtful SEpefi-
mentS IN order 70 gain dtvidends for
Sharehoiders. There q no Iegaraemain
IN corporate business methods BY which
bad ananclerine in individual manage
ment becomes good IN the corporate.
And therefore when the man of COM
merce exacts Of the insurance company
and the bank payment for the PRIVILEGE
Of transaotins his insurance and bank
ing business for him. m.inStead Of evideno-
Ane a Willingness to pay for the sans.
he Introduces methods which are con-
traFy 70 an the rules that he would, Y 3
safe man, apply 70 the conduct OF ms
''rhe 6usiness Of banking and Of In
| surlng against loss ought not to pc an
| experimental business and to the e1-
TENT that the commercial world AIDS ana
| abets those who would make Il euen, y
| threatens itS own good and creates UNI
certainty where certainty should pre-
| vail. can conceive Of nothing worse
| than the establishing Of banks and ta>
surance companies without regard 70
the commercial need for their existence,
| but solely for the purpose OF giving
place and salary to those who are 70 OF
fieer chem, The trade and commerce OF
| any community can properly support 30
many and no more, and whenever that
number guRged By commercial neeo9 -
flled, all beyond must inevitably ena IN
loss to the stockholders and disturb
ance to the community. The Jaw OF me
/ survival Of the httest may work out the
nrobleni. but the process OF evolution 70
q long and extensive one, and In this
day and generation ought not to be 90
frequently invoked.
corporations IN General
At have no special plea to make for
corporations, whether banking, insur-
ance or railway, except che plea that
/ the public should remember that the
owners OF them ali are individual cltI-
GEMS, who cannot be made to iose their
individual identity or rights bV corpor-
ate association. The public EeadIlX
grants the private individual every
right Of property within his tmmediats
control, but that right iS not untre-
ouentlY denied him as applied TO the
| SnFporate property IN which he poSles-
| ses an ownership. The exaetlon Of fees
and taxes by the public through law
GoverninE rates, az Applied to many
| oorporationA are over and beyond chose
taken from the private individual with
| interests of like character and equal
profit.
"The exercise OF the taxing power 40
| exempilhed IN state, county and munic-
! ipai matters in this country to-day, may
| well challenge the attention OF every
| thoughtful citizen. The country hnds
| its property in the vast majority OF In
stances subject to the tax levies Of those
| who have the least amount OF II 70 be
affected by the rate, and its revenue
| iisbursed by those who have contftbu-
ted little or nothing thereto. The 0onse-
| quence Of such condition Is inequality
and recklesSness upon the one hand and
! extravaganza and waste upon the other.
! The pubiio-iB without benefit throuBh
such course, while the quagi-pubilo
| corporations drawn most largely upon,
| are crippled IN their ability to give TO
the public the full purpose Of their erea-
| ton. And yet Il IL objected that cor
porate powers shall not enter the arena
OF politics and undertake to OGerciga an
| influence at the polls in order TO secure
| protection for property, which. though
| held in order to secure protection for
| property, which though held in the cor
porlte name. 10 nonetheieSS the proper
ty Of the associated private individuals.
ought 70 Have Their Rishts.
within the lines Of fairness, honesty
and law, there can be no proper objec-
ton to any corporation whether It DO
an insurance, bank or railway one. in-
sistinE through its owners, everywhere
| upon having every right that 10 ita due.
| and undolng every wrong. It = the fali-
uFe by the owners to enter protest
against assaults on such corporations,
on the platform in legislative hall, and
through the columns OF the press, that
has encouraged dgmaEogy, intro
| duced g new kind OF party politics ana
made possible the long SEASONS Of un-
rest and dlscontent which at recurring
periods have como upon US 20 disturb
| the country and threaten business pros
perity. No corporation property con-
Quoted need apologize for its existence
| nor deny IS members through an Un-
wholesome supposed public sentiment
the right to demand a treatment based
! upon the same conditions at the hands
OF law makers and public ofiicers, as is
accorded private interests. The insur-
ance interests, the bank interests, the
| railway interests are all promotive and
not destructive of public and private
good and the crippllnE OF them by
public act or by private denunciation
entails loss upon body Of citizens,
measured IN numbers only bV the
| sphere OF thelr influence and the circle
OF their operations,
The tendency from the national leGis-
| latiOn hail down. through all the grades
| OF the common council, is to supervise
| all business undertakings, whether pFi-
,v0te or quasi-publlc, through legislative
enactment. The "be It enacted reaches
everywhere, and tho man In authority
lays his hand upon every enterprise
and undertakes to direct the course Of
It's conduct
Weather Forecast Eor To-day.
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