The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-07-21
THREE DANGERS TO AMERICA.

In his recent eloquent address before
vile, Hon. r. b. Glenn pointed out
, three dangers which confront the
American people, They are worthy of
! serious consideration and we print then.
| below:
"The engineer stands with one hand
upon the lever, his eyes looking out in
to darkness, guiding his train into the
station, while his passengers sleep, care
/ less and oblivious to danger. The pilot,
If he is true to the duties before him,
j has his eye to the front and his hano
upon the wheel as he guides his ship
through rocks and shoals into it's haven
of safety, while his passengers in the
cabins below are unmindful of the per.
| lis through which they pass. You are
the financial engineers and pilots of this
I great nation. Your hand is upon the
throttle and the pilot wheel, all the rest
of us are financially half asleep be-
cause we think and hope that you are
| keeping watch for us through the Gark-
ness and danger. Today l call on all
true hearts to hear and be warned.
Stop! There is rock upon which the
ship of State is about to strike and go
| to pieces. What is it? The conflict of
labor and capital. Conflict between
labor and capital did / say-there should
be no conflict between labor and capital.
Labor we'll paid, well cared for. pro-
/ tected by capital, happy in little homes,
surrounded by loved ones, should be
working joyously and happily, for cap
! ital has taken the idle bread out Of its
mouth and given it useful enjoyment
to build it up; and capital, with con-
seriousness that it has done labor no
wrong that it has been true to itself
and to it's fellow men, and has thrown
its protecting arms around the helpless
and weak, ought too to be happy and
prosperous, like twin sisters mutually
dependent one upon the other, capital
and labor should dwell together. There
should be no conflict, no strife, no
strikes and CONGREGATIONS on the one
side, no war in the name of law on
the other and capital should never be
called upon to appeal to the sharp re-
peating rifle or Calling gun in order to
teach labor what it deems to be it's
duty; but you and l, and all true pa
triots, should see that these great con-
flicts are settled as speedily as lCssi-
BILE, by law, in courts or better by ar
filtration and there ought TO be peace
and harmony between classes and an
end forever to strife and discord.
Look. yonder is another great
boulder that is about to fall upon the
track Put on your airbrakes, reverse
your engine, or else there may be de-
struction before us. What is it? It is
the great concentration of wealth in
the hands of a few. 1t is the establish
ment of trusts and combines that is
getting all power into their hands and
Gripping the weak and small. 1t is
that policy which does not want fifteen
bank president, but only wants one. 1t
does not want fifteen bank cashiers but
only wants one. 1t does not want fif-
teen railroads with it's presidents ano
employees and competition but only
one. Is it for the upbuilding of our ma
ton? Is Russell Sage telling the truth
when he says capital worth only fifty
thousand is being capitalized at one
hundred and fifty thousand? Is he tell
ing you the truth when he says, that
one corporation has been capitalized for
one billion dollars, almost half of the
entire volume of money in America? Is