Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1902-08-08
All druggists.

testing against the threat of certain.
persons to file suit for dissolution OF
the association on account of debt nj.
legged. to have grown out of the pur
chase Of land for a park. near Kent.
There are eight acres in the park, anG
the association claims to have nothing
to do with it now, alleging that IL is
merely held in trust by one Of the
members for 10 or IL private stoci.-
holders. When the land was bought
some of the members of the associa
ton contributed, and the person.
threatening to. bring suit are childle.
of these members. Their right to ask
for dissolution of the association i.
disputed upon the grounds that thes
are not members, and that the matter
Is now out of the hands of the asso
citation. The pioneers claims that
their organization is out of debt and
has $3S.4S in the treasury
The program of speeches was cut
short by rain, Hon. G. X. Grant,, Of
Akron. and Rev. o. G. Hertzog, finan-
cial agent of Hiram college, being the
only persons who delivered addresses.
Judge Grant delivered the principal
address. The aim of the association
is to have one special address and the
others are expected to be short speech
es of reminiscent nature.
In his address. Judge Grant said
that he was not among those who be-
lieyed that the old times were better
than the present, but. that he did be-
leye the present tendencies of society
and government were such that refor-
nation is necessary and that each in.
dividual should do his part in bring
ing it about, as social inter-dependence
is the very law Of life. There is too
much political optimism in this country
today, he believes, and that we are get.
ting farther and farther away from the
principles laid down by our forefathers.
The speaker said the same form OF
government under which the people
lived so happily and prosperously years
ago ought to continue. "One of
the saving graces of the Anglo-Saxon
people," he said, sis practical common
sense, and we may hope for a peaceful
settlement of all of the conditions we
are now seeking to reform
The inequitable distribution of wealth
was discussed briefly. 1t was suggest
ed by the report of President Sehwab,
on the assets and earning capacity of
the United States Steel Corporation. Its
earning capacity is $140,0O0,000 year,
and mention was also made of the in,
come of Andrew Carnegie which is
about twice as much in one day as the
salary of the President of the United
States for one year. Placing the wealth
of this country at 100000 O00, 900, it
has been estimated that $50, 900 ,0OO,-
600 is owned by one per cent. Of the
families.
The judge is Of the opinion that IL
legislation We're proper and society
more interested in the welfare of one
another the question of the inequita.
BILE distribution of wealth would
naturally come nearer to adjusting 1t.
self. He is hopeful for the future, ana
believes that peaceful re-adjustment
of present conditions so that all may
have more equitable share of the nat
ural benefits and resources of the land
will come ultimately.
Rev. Mr. Hertzog is also optimistic
as to the future, believing that the ref,
ormation needed will come as soon as
each individual feels his responsibility.
He believes parents should equip their
children intellectually as we'll as Hnan-
cially, and that with better education
of the people will come better and
more equal conditions.