The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1902-12-19
PRESIDENT INGALLS,.
Wattersor Lauds Head of the Big
Four Railway.
Extracts from an Editorial Article In
a Recent Number of the Louis
willie COurier-JOurnaI.

railway system, which, says Mr.. Wat
terson, in the Louisville Courier-Jo our
nal, is so suggestive, and drawn upon
lines so JeffersOnian. as to invite the
serious attention of intelligent readers
and TO Justify more than passing com
'ment Mr. ingalls, is democrat.
Born. Ike so many successful Amer
deans. a farmers boy, be has mere ed
the man of affairs enough with the
man of books to evolve in one and the
same personality both the thinker and
the actor upon the stage of real life.
Whatever he says is wcighty because
1t springs from mind richly endowed
and highly trained, and fortified 10y
varied experience.
In this latest contribution to the res
ervoir of contemporary thought. Mr..
ingalls, recognizes the revolutiOnized
elements no less than the mo-
mcptous problems with which we have
to deal Upon the very threshold Of
the new century, as he clearly points
out. political events and business con
ditions are crOwding each other so fast
that we stop and wonder what is to
happen next acknowledgements new
methods. new conditions. new obliga-
fions. are upon MS. To many the clouds
in the horizon have an angry look and
they fear for the future of the nation.
While optimists. like Mr.. Ingalls,, may
not share their fears, they agree that
the national safety depends upon the
virtue and integrity of our citizens,
and il is Just as well to look the sit
uation over and make up our minds
as TO what should he done TO meet the
danger, if there he any. In fact. there
is nothing better for an individual or
a community than TO stop and think.
We rush along in our mad race, heed
less of the future. To many people the
close Of the nineteenth century and
the opening of the twentieth is not
full of promise for the higher ideals
of life; it seems to thcm that every
thing is being sacrificed to the desire
Of getting rich; that religion, con-
science, truth and virtue are at dis
count, and the world only thinks of
who will win in the race Of piling up
millions. 1t is certainly n time for
serious thought Heretofore we have
been nation in isolation, law INTO
ourselves, but fast ships. cables. the
intercourse of people, the demands Of
commerce, circumstances over which
we had no control. have forced us from
this position and we stand forth to-
day full grown and compelled 10 take
,our share Of he responsibilities of the
world
The crisis. as Mr. ingalls, shows, is
upon us. Our fleets and armies are in
the orient; we are in possession of
new lands and countries; we stand. as
il were, sponsor for all the republics
and nations of North and South Amer
lea. When President Cleveland took
his stand in the Venezuela case and the
country supported him we were COM
mittcd TO certain dnties and RESPONSE
bilities in reference 10 all our neigh
bors. and we cannot get away from
them. The Spanish war and subse-
quent negotiations placed on MS the
burden of controlling and developing
other countries.
In connection with these imminent
and overwhe Inning international issues,
as Mr.. ingalls, proceeds to show. we
are confronted with further serious
question, which is continually raised
and which must be considercd-the
struggle between capital and labor.
The organization Of The most immense
trusts or corporations ever known has
brought this TO the front Certainly
there are grave issues 10 be settled by
us rs people and as a nation. Are
we prepared 10 assume all these re-
spOR sibiities and can we successfully
manage them and still maintain our
republic, still preserve "a government
of the people, for the people and by the
people?"
We quote the following:
us there danger in the future from the
great business combinations that are now
being made-from the trusts? You hear it
on every street corner AT every gathering
men are inquirng and discussing il. Has
the struggle between capital and labor
actually commenced, and is the conflict
irrepressible? My observation in the last
years mas Deen Lidk ldDOI LdS Sttdull9
won. and capital lost in the struggle which
always exists more or less The compen-
sa,ion Of labor has constantly risen, the
cost Of the necessities of life has de-
creased. On the other hand, the earnings
Of capital have grown less and less each
year. and the responsibility and trouble OF
keeping II employed has increased. The
rate OF interest in this country Is only about
one-half what it was IS years ago. A citizen
who retired from business then and de-
cidsd to live on his income is to-day in COM
paradvely poor circumstances. In other
words, If he has stood still he has seen
the interest upon his capital cut in two
while his expenses have at the best stood
still
Capital has been able to exist and in
crease only when it has been actively en-
pioNed and if it has been active. it has
mad TO employ labor in order to exist Our
law Of equal distribution of estates and
the prevention of entails scatters wealth
About the only large estate in this coun-
"a Try to-day that ] recall, which will not be
- separated and divided among heirs is Car
negies, and il looks as though he might
n UFlae that up himself. 1t is rarely that
'alse estates last long IN a republic. Chill
ren left with large wealth soon 6issipate
Inc saying that it is only three genera
@ehs from the millionaire to the clerk in
MY sleeves is generally true, and it is
-- iOF society and for the nation that ii