The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-06-05
A Day of Oratory
At theIUniversity.
Continued from Page Four.)

to cling to our constitution as the sheet
anchor Of our liberties, but let US not
fail to apply in due time such reme-
dies as the most careful consideration
she'll suggest.
I am not here to make any vain at
tempt to say what these remedies shall
be. / am only sounding note of warn
ing. There is, however, one simple rem
edy that would go so far in the direc-
ton OK relief that I cannot refrain from
suggesting it. No monopoly should be
allowed by law to rob it's own people on
the plea that it desires by this means
to exploit the markets of foreign coun-
tries. Any wild war on corporations,
as such, would be as unwise as danger
Gus. Such a war could not and ought
not to succeed. Corporations are one OF
the prime sources of our wealth and
prosperity; and large corporations can
manufacture more cheaply than small
ones. But corporations should be reg
ulated and compelled to stop short OF
monopolies Every tariff law that helps
any combination on towards monopoly
should be instantly repealed. This 1 do
dc. They cannot afford to leave our
consumers to the mercy of trusts, and
thus furnish an argument to the social
lists for the exploitation OF their thee
ries.
Nothing is more difficult than to al
ways gauge and measure correctly the
Inducements of popular feeling. II the
Nerth could have understood in 1860 the
deep sense of personal wrong that per-
vaded the South under the invectives
hurled from abolitionism against South
ern people and Southern civilization, and
If at the same time the South had fully
appreciated the depth and width of the
devotion of the people of the North to
the Union, it is not too much to say
there would have been no civil war.
The monopolies should take warning
from the manifestations before them.
The people are appalled, at their audacity
in declaring that they do and will con-
tinue to charge the American consumer
more than their export prices, in order
that they may reach foreign markets.
Popular indignation over such wrong,
e wrong that reaches into every house
hold in the land will never abate, but
will grow and continue to grow. Wit
ness the associations that without any re-
gard to politics have grown up through
out the land to antagonize the beef trust,
the anti-beef riots in New York, the at
titude in Congress, the antimonopOly
suits brought by Republican President.
The people will have relief The grave
question is whether that relief will come
in the form Of laws that harmonic with
our Institutions. or will the people, in
their just indignation, finally demand
that, as municipalities have taken charge
of municipal monopolies, so the national
government shall take control of and OPP
crate all those industries now in the
hands of monopolistic corporations. II
relief in due form OF wcll-considered
laws does not come, the abyss of social
ism is before us.
When the tariff that protects monop-
olies from competition is repealed the
task of dealing with the complicated
situation will have only just begun. To
meet this situation as it confronts us
the masses must be educated. Scholars,
colleges and Universities must extend
still further the researches ard the
teachings they have recently undertaken
in political science; political morality
must be lifted to and kept upon the
highest possible plane, voters must learn
to honor and sustain the statesman who.
on great public questions, has the cour-
age to think for himself and his con-
stituents and to frown down the miser.
able politician who keeps his ear to the
ground; the public service must not be
prostituted by making petty offices, that
are not political, the rewards OF parti-
san activity. The growth of our coun-
try, the magnitude and wealth of the
great interests to be dealt with. the COM
plexity and variety of the problems pre-
scented, all demand greater vigilance on
the part of the people. and greater dill
gence from those who control public
opirion, than at any previous period in
cur history.
II thoughtful Americans will only
rouse themselves to the situation, take
it in as it is, and place the problems that
confront us into the hands OF the ablest
and most courageous men of our Coun-
try, the prophecy of the New Zealander.
who SO recently said that we were about
to lapse into socialism, is as far off from
fulfillment as is that notable vision by
Macaulay, of another New Zealandcr
standing on the ruins OF London bridge
and gazing at the relics of. former CIV
MEDALS AND PRIZES
Following this magnificent address the
medals and prizes were awarded and de-
livered as follows:
The Holt Medal-Rufus Clegg Morrow.
The Hume Medal-Richard Nixon
Duffy.
The Hill Prize-John Atkinson Terrell.
The Harris Prize-Leone Burns Newell.
The Greek Prize-Sidney Swain Robins.
The Worth Prize-Charles Metcalfe
Byrnes.
The Bradham Prize-Benjamin Franklin
Page.
The Early English Text Society Prize
Minna Curtis Bynum.
The Mangum Medal--M. L. Stacy.
Bingham Medal-R. s. Stewart.
Then came the presentation of certif
Gates as follows:
Greek - Christiana Busbee, Julius
Fletcher Duncan, Robert Amsei Merritt.
Helen Louise Odom, Buxton Barker Will
liams, Robert Ransom Williams.
Iatin-Minno CurfiS Pvnupo novi6