New Iberia enterprise. (New Iberia, La.) 1885-1902, 1899-07-08

hope and ambition into the largest nun,
: Der of toilers and guarantees to every in
dividual the enjoyment Of the largest pos
sible share of the wealth which he creates
| The trusts. instead of accelerating pro
duction. really lessen the total product
while they concentrate the rewards u'
labor 50 that but few are benpftted
One passage in Mr. IIaeemeyor's testi
mony shows n superficial knowledge ol
social conditions. lie saws Citizens
are divided into two classes the indus.
trious and those who wish to live ON the
industry of others. II ia they who are
without capital who are hostilc to il
his is only another mode of 81 nting the
obvious proposinpn that il is those who
are without means who wish to have it
without work.
There is no hostility to capital in this
country, but there is hostility To some of
the methods employed by those who pos
| sess large capital to overreach those who
possess less capital. There is some hostility
though not ~ much ~ thoro should be
toward those who use large accumula
tons to corrupt government and purchase
special privileges, and then use tho power
acquired to destroy competition and
trample upon the rights of weaker mem
bors of society. There is some hostility
toward those who, in the acquiring of
capital. have not furnished to society an
adequate return for the capital acquired
IT society is in danger, the danger does
not come from those who are without
means and who wish TO have il without
work, but from those who have means
for which they did not work.
Bismarck, in addressing an audience Of
farmers few years ago, told them that
they would have to act together in order
TO protect themselves "frnm the drones of
society, who produce nothing but laws. "
II we could day divide the people of the
United States into two classes, placing in |
one group the producers of wealth and in
another the non producers, il would be
found that the non-producing produce far
more laws than the producers So long
as the non producing element controls |
Legislation the laws will be moro favorable |
to those who speculate than to those who
toll
LNCOLN's WARNING VOICE.
Mr.. llavemeyer's eulogy Of capital re.
calls the language of Abraham Lincoln in
n message to Congress in 1861. lie said
Monarchy itself is sometimes hntod Mt
ms possible refuge from the power Of the
people. In my present position | could
scarcely be justified were TO omit raising
\ warning voice against this approach of
returning despotism, II is not needed
~ hitting here that general argument
should he made in favor of popular insti
utions, but there is one point with its
connection not so hackneyed as most 9th
'rs to which ask n brief attention 10 is
o the effort to place capital on an equal
ooting with, il not above. labor in the
structure of government. II is assumed
hat labor is available only in connection
With capital that nobody labors unless
somebody else owning capital somehow,
~ the use Of it. induces him to labor.
labor is prior to and independent of capi
al Capital is only the fruit of labor and Q
ould never have existed il labor had not ,
rst existed. Labor is the superior of cap ,
tai and deserves much the higher consid- ,
ration
If Mr.. Lincoln then saw the approach J
{ monarchy in the attempt to place capital
bove labor. have we not reason to be
larmed when we find the same disposition =,
1uch moro pronounced now than in 1861 q
Capital is the fruit of labor" and 80 .
,ng as 1t Is an incentive to labor it serves I,
useful purpose, but can we afford to en- !,
!sG2ps !ggs ipaanEexe the servant, and debase