The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-02-17
GROsscUP ON THE NEW MOTION.
He Finds the Bills Aimed at the Trusts are
Inadequate.
(By the Associated Press.)

(By the Associated Press,)
Ann Arbor, Mich, Feb. 14.--Judge p. :.
Grosscup of the United States Circuit
court, Chicago. lectured before the Uni
versity of Michigan Good Government
Club tonight on the subject of the New
Nation"
Judge Grosscup's speech was in part
as follows:
"In the very nature of things, we must
expect that men who do not see their
way clear to an Improvement of their
conditions under the old forms of indus
trial liberty, will entertain sympathy for
system that promises something new.
The separation of labor from proprietor
ship, the separate mobilization of these
two forces, as enemies, instead of their
coming in common interest is the most
republican and menacing fact that now
confronts the American people.
THE idea, thus far, has accentuated
its menace. 1t has done what is still
more menacng in narrowing the per-
sonnet of the proprietorship Of the coun-
try, it is detaching from the friends OF
property the great liberal body of citi-
zenship. However. we may wish it this
old time conservative force will not thus
isolated, remain stationary. 1t VIII
swing, in time to those whose attitude
is already opposed to the institutions of
property, and in this movement, would
give to socialism allies that would make
socialism inVincible. Could the old
ideals stand up against an alliance such
as thai
oh ~ yn nm n n rnp n
the situation and put the forces OF in
dustrial freedom in order. Not until we
have done this, not until the time when
the property acquiring instinct of the
country is again unified upon a basis
fair alike to all, can we rest assured
that the outcome of the encounter need
be no longer feared.
But what is a fair basis? VIII the
people under any conditions TO any large
extent enter the field of corporate own
ership? These are practical inquiries
that rise naturally TO mind.
For my own part, l believe that once
corporate organization and management
is cleared CT thimble rigging and pit
falls, so that the fortunes of an enter
prise will be bound up. not in an over
strained organization, but solely in the
vicissitudes- of the business itself the
American people will be found ready to
take up again their share in the pro-
prietorship of the country.
"The measures pending in Congress
make no change in the basis Of corporate
organization. They exhibit no purpose
at least no controlling purpose to wider
the prOprietorship of the country. The
publicity proposed is confined to the
gathering and publication of statistics,
valuable possibly, to the Spectator or
the trained investor, but ineffective ana
worthless to the ordinary man who may
be seeking ownership. What chiefly is
needed-the intervention of government
as trustee, not as mere news gatherers,
a guaranty that when a corporation is
created its creator has seen to it that
it is fairly organized, not mere statistics
of hap-hazard corporate organization,
which the hopeful cannot comprehend
is absent from the bills.
But though we cannot expect ade-
quate legislation now it will come. The
public mind is forming. Unless I am
greatly deceived. the mad-dog policy of
treating corporations proposed by some,
will be rejected, the American people
will not, in blind fury. pull down about
them the industrial edifice, but any
policy calculated merely to temporiZe
will with equal conclusivcness, be re-
jected; there will be no room, when tho
public mind is made up, for the diver
siOns of the political masquerade"