The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-09-05
Increasing Business With the
: Globe Increases Business
b for Business Men.
SATURDAY, SEPT. 5, 1903.
BACK 10 HE WOODS.

Z We observe much vocal uneasiness
among those who choose or are COM
PEELED by unhappy fortune to play the
part-of sycophants to the administra-
ton, over certain plain statements of
fact that have recently appeared in
the columns of The Globe. The
facts were of great and national mo-
ment, therefore requiring discussion by
any intelligent newspaper. They re-
lated to recent depressions in the value
of standard securities, which mean the
disappearance of an immense amount
of wealth and the practical cessation
of investment. Phenomena so grave
challenge examination. And the ex-
PLANTATION of them beyond a doubt lies
in the assaults which have been made
upon capital, in a form to unsettle
values and depreciate property.
g. Naturally those who choose the role
of parasites of the administration
vince under a statement of the truth.
Perhaps no stronger proof of the fact
that it is the truth, plain and unan-
swerable. could be furnished than the
fact that they do not try to answer it.
They set up man of straw, and bowl
him over delightedly. They assume
the discussion to be about an entire
" different class of facts, carefully
and specifically excluded In the first
place, and talk about them. Or they
turn to that last refuge of the weak,
the argumentum ad homfnem, the per-
sonality, which is the final wall of de-
SPAR before the vanquished one be-
takes himself to the woods.
In this list we may include as one Of
the most respectable in ability the
Minneapolis Tribune. Since it is great
~ capable of better things, one may
gauge the desperateness of it's cause
by the unworthiness of it's method. 1t
attributes the argument of those crit
les of the times, including The
G b e, who have touched the fall of
values, to some financial interest, past
or to come. We do not need to re-
mind it or the public that the Tribune
has had it's straits, it's rescues and its
financial friends. But in this matter
We have no need even to demolish its
glass house, because we think the time
has gone by when either plaintiff or
defendant in any cause can be helped
or hindered by return to the methods
of the original Populist, ascribing
everything that does not please you to
the money devil" and supposing the
case thereby dismissed.
Not one of the scribes so busily and
happily engaged at the boot-cleaning
stand of the administration has
CHANGED to mention what the real in
dictment is, to say nothing of pleading
to it. We will state it once more, if
perchance there should be on the other
side some weakness of comprehension
as well as absence of sincerity. There
are two distinct classes of enterprises
represented by listed securities. There
are the big industrials and others of
their ilk, known to be overcapitalized.
suspected in all their parts, doomed
to descent from the heights to which
speculative imitation carried them.
These alone are referred to by the
gentlemen who rush in so glibly, and
these were expressly excepted from
our consideration. Such declines are
necessary, are wholesome began a
long time ago, were not precipitated
by any governmental action because
the administration has carefully alb
stained from the slightest interference
with them. and are the product of a
kind reaction in healthy business and
financial organism.
The subject of unanswered comment