The Providence news. (Providence [R.I.]) 1891-1906, 1903-08-20
FUTURE
is BEING
MORTGAGED
David B. Hill Says so and Speaks
on Mob Violence and
"SpectacuIaTIsm."

olcott Beach. n. Y. Aug. 2O.-Former
er at the annual picnic OF the Niagara
Pioneers association yesterday. which
was attended by $1,000 people.
Mr. Hill In opening discussed Mob Law
Versus Due Process of Law" He said
Mob violence is not rendered less OBJ
Jectionable even IL IL be true, as frequent
Iy asserted, that unless 1t shall interpose
its strong arm the guilty may escape
punishment through lax administration
OF the criminal law or indifference TO its
enforcement on the part of the people
themselves. The very excuse offered is a
reflection on the community itself where
the crime has been committed. and the
remedy lies not In the people themselves
overriding the law but i'm the people up
holding and enforcing the law and in an
appeal to their patriotism, their good
sense. their innate love of justice and re-
spect for order, qualities which are sell
dom. II ever. invoked in vain.
I'VE cannot permit this government to
become a mobocracy, which acts upon
impulse. feels no restraint and recognizes
no appeal from its hasty prejudgment
TENDENCY TO INDULGENCE.
Taking up another subject. Mr.. Hill
said:
Tine tendency of the times is toward
Indulgence In that peculiar species or
sensational performance, which may be
characterized in general terms as spec
tacularism. II l may be permitted 10 coin
"Spectacularists usually effect superi-
ority over other people in the matter OF
patriotism. They desire to be regarded
possess all the virtues. while other peo-
pie, In their estimation. possess all the
vices.
The hope of the country lies In the
servative citizens. who pursue their avo-
cations and perform their duties unosten-
tatiously and entertain sincere convtc-
tions OF their llfes work. Their ways
are ways of pleasantness and their paths
are peace. and they believe that right
eousness more than the triumphs OF war
exalts nation"
Mr. Hill discussed Fictitious Versus
Real Prosperity" saying:
There is chorus OF assertion con-
stantly reiterated that the county at the
much prosperity. Yet there are grave
reasons Tor doubling The entire correct
ness OF the statement
ON BORROWED CAPITAL
1T is conceded that many public works
are IN progress of construction and many
important enterprises are In process OF
development. but the fact must be borne
AL lIttl HltCt OL These SCftL1eS are
being floated upon borrowed capital.
that the future is being largely mort
gagged. and that profits TO hereafter ac-
crue and dividends TO be hereafter de-
clared are already being anticipated, and
there is no adherence TO the good old
fashioned and safe doctrine OF paying
as you go.'
when the prices OF the necessarfes of
life are unreasonably enhanced so that
II practically costs a man all that he
earns 10 live comfortably, there Is no
opportunity afforded for the accumula-
ton OF a fair competence Normal con-
ditions are better for the people az a
whole. rather than those fourishing
times which are soon followed by pc
riods Of business reverses.
Commercial centres seem 20 be look
ing to congress for some sort of finan-
cial relief. the exact nature Of which
is not stated twice alike. The question
ls presented whether this proposed relief
measure Is in the interest OF the people
or otherwise. We are informed that its
details are not yet wholly perfected, but
Il is announced that its principal feature
Is in substance and effect an authorize
tion OF tho loaning by the government
10 national banks OF the surplus IN the
treasury OF the United States upon 'ap-
proved securities.
THE financial situation must indeed
be desperate when such expedlents as
tions is suggested. rather than relieving
the people from the taxation which has
produced the accumulation OF the sur
plus and which accumulation has large
ly cansei the present congestion in the
,,,opey market -