The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-11-17
THE SAFEGUARDS or PROPERTY.
4 Perp,exetl Investor Censiders the Presi-
dents Latest speech.

To THE EDITOR OF The StN-- Sir: When
SO important a person as the President a
the United States makes q public speech
to 80 important a body as the New York
Chamber OF Commerce. on an important
occasion. one naturally looks carefully to
discover that at which the speaker aimed. and
then reads between the lines that which may
not stand written In Them. but is nevertheless
implied
The President expressed to the Chamber
his opinion that industrial peace at home
B, more important than peace between the
United States and other nations. and that
the former can exist only when. in their
various relations. employer and employed
alike, each insists on his own rights and
the rights of others. including the public.
Nothing was said OF duties to be performed
That remark was made. presumably. in
reference to the recent coal strike. II looked
10 the survival Of the fttest. and the fRhtest.
II must be 40. IL each side Il to insist and
neither viii abandon its ideas OF right and
duty.
The President distinctly declared that
there must be no yielding to wrong by either
party.
How. then, il the problem OF conflicting
rights to be solved2
The President replied that the solution
can come only by introducing therein Ger
tain old-time virtues" and expelling brutal
envy OF the well-to-do. brutal indifference
toward those who are not well-to-do. the
hard refusal TO consider the rights Of others.
the foolish refusal to consider the limits Of
benefcent action. the base appeal to the
spirit OF selfish greed. whether 1t takes the
form Of plumber Of the fortunate or Of op-
preston OF the unfortunate
He furthermore said to the Chamber OF
Commerce that out Of present evils. created
by strikes and other things. good will come
II we" stand by the old homely virtues
II We are cool, fearless. strenuous and kindly
and show that each is his brothers keeper"
As sermon. those utterances OF advice
were excellent. even. II like sermons. some
what general and vague. At least his views
were optimistic
Sweet are the uses OF adversty,
Which, like the toad. ugly and venomous.
Wears yet a precious Jewel In his head.
After these celebrating, sound. Christian
rules for maintaining industrial peace AZ
home and suppressing strikes, the President
made this significant remark to the Chamber
The growing comple1ty OF our social and In
dust rial life has rendered inevitable the int rision
ofthe STATE into spheres OF work wherein formerly
took no part. and there IL also growing tendency
10 demand the iliegitimate and unwise transfer to
the Governmen, OF much Of the work that should
be done by private persons. s,ngly or associa,ed
together.
That for moment looked socialism straight
in the eye. but the President SHE'D away.
and made no other sign regarding the ap-
pros ching peril and what his annual messag &c
will say Of II. other than an urging Of each
member Of the Chamber to cultivate the
traditional American self-reliance Of spirit"
to scorn favor and an unfair field. and TO
pull his weight " He said nothing more Of
socialism or enlargement Of the duties Of
the President by interfering in strikes when
no Federal law is violated He gave an
excellent description of two opposing kinds
Of trade success one OF which IL defled with
pitch. but the other Ia not.
Many Of us who have. since 1899, relied
on the legislation regarding SOUND money.
tarin taxes. expansion. Worldwide power
and export trade, which Congress has en-
puted vigor Of supervision at Washington
Of our banks and nj Albany OF our trust
companies and have invested our little saw
inRs accordin civ, hoped to hear now that We
are no lon ger in danger from the pesky Demo
Gratis. something from the President pertinent
capital and industry. pertinent TO the remedy
for trusts and strikes, and pertinent to the
mana cement Of our ind ustrial AFFAIRS In
general. whether by members NJ the cham
yearned TO hear officiaiiy from, the Presi-
dent what II anything. had been done wrongly
by those in power, either In politics or In
banks or in trust companies, since 1925 which
justif1es present pessinistlc views OF our
future prosperity I. the Pre,idept to con-
conducting our ind1stres' win he shoot
sippi? PERpLExSp INVESTOR,