New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-01-29
MAKE ACCOUNTS PUBLIC.
WOULD CURB TRUST EVIL.
Ad0ice Of DR.. SchurmGn GiUen at
Manufacturers Dinner.


| decorated with the national colors. William Nc
Carroll. president Of the association. presided.
After a toast to the President OF the United
States had been drunk standing. President
Jacob G. Schurman. Of Cornell University. spoke
on Business and Government" DR.. schurman
said in part:
But even now trade is convulsing the politics OF
Englishmen and shaping the policies of the English
government. Mr.. Chamberlain has set out to over
turn the long established system of British free
the pockets and TO the patriotism OF his countrymen
whether his scheme viii ultimately be adopted by
say. bGt II nor Toe early Tor associations IKE yours
TO consider the effects OF its adoption upon the
eyitaby reduce the volume of the agrcrltpral prod
Of the manufactured products you now send TO
Canada and to the British colonies Confronted
by this danger of shrinkage in your trade you
would perhaps urge our government to negotiate
Ireaues OF reciprocity WITH torelgn countries. anu
and the consequences have mentioned. it would
politics for us to negotiate without delay a treaty
OF reciprocity with the Dominion Of Canada?
relations of business to government. Our own ma
great crises ike the cg War; the business Inter-
ests OF the country have enectualy controlled the
ness interests may in the future retain the same
government when thew have exercised in the past
Hitherto the business interests OF the country have
But All ts has ' been ans 81 e 6e modePa de-
velopment Of the manufacture Of power by steam
and the conveyance Of power by electricity.
@ 6u1Se5s Of @ haTe Been eSpe
on the most colossal scale and with the most ad-
mirably organized manifestations For this new in
dustrial epoch two conditions are obviously reQui-
siteone is the aggregation OF capital the other IS
the concentration Of management The effect OF ali
these changes is greatly TO reduce the cost OF pro
An unavoidable drawback is the crowding out OF
the small producer and his becoming wage Garner.
A stu more serious drawback is the concentration
OF the power of capital and the power OF manage
total outcome is the TRANSFORMATIONS Of the business
world from democracy into an aristocracy or
Given the modern sciences of nature and the pro-
have sketched is a natural and even necessary
phenomenon. We cannot help this revolution IN
should take account OF the new phenomenon in
GEaerhg our poG9! aars NoT; s when ~. sai1
the affairs OF government might not 90 as inAuen-
alluding TO the suspicion which many persons
entertain to the Hect that the modern 9J CON
cratic and essentially at enmity with the demo
Bryan voices that discomfort when he asserts the
rights OF man against Mammon. The latest de-
has led the concentration OF capital and control
tne nanqs OF Few 5 5hd 10 c aomD nR5
their own ends even at the risk OF ruthessness
Let Us not however; indulge in sxsgg.rat!iS9n on
dustrial system have been criticised rather because
they new than because they are evil. Thus II
nreT who does a small business. is sometimes
eliminated by his colossal competitor But. on the
Wages APPROVING ting the capacity OF the employees
and there is always demand for capable men TO
the r og9TF 9S s h Ss ne Pse f bus
mess IL the concentration Of enormous power IN a
few hands. Yet recognize that the abuse OF this
power-as. for example. by unwarranted ad-
vance in the price Of commodities-provokes a more
ways siumberng. may at any time be reused to
Yet. when all IS raid / think Il must be admitted
that we have not yet learned how to reconcile IN
stic, production with tho welfare Of the entire
people or how to protect the government Of the
legitimate interests Of business. but OF plutocracy
servatve step thar legal requirement OF publicity
OF accounts, such as is now demanded of banks
and Insurance companies.
Major General Henry C Corbin followed
speaking to the toast The Army"
Early in tho last century the army turned IT'S at
tenton 10 the exploration OF what was then an al
most unknown country, lying between the Missis-
work opened fields that were followed by such
Tn603 OF rs had hereo9Te been
stely following the Mexican War the mind Of our
the nD3 goyeTRnent save helping hand by awarding
at that time possessed greater knowledge OF engi-
neering than any other class
has been called upon to do a large amount OF mu-
neiPs ,, Work ana engineer officers have developed
known to seagoing people Among the more in
neers were the International boundary and lax.
surveys the latter furnishing charts for the great
cers OF fhe COINS 81 enEneers Is dine the great i'm
provement made IN every harbor coast
our most important Atlantic and Gulf harbors
Twelve to tWentyeght feet The work upon 't our
Great Lakes has been OF even greater Importance
Where the original average available channel depth
In thrty-seven Of the lake harbors was but two
feet and one inch. to-day we have an average OF
seventeen feet and eight inches. through water
way has been created between Buffalo and Du-
luth nayigable by vessels drawing twenty feet;
orabe Mention For instance IN PORTO Rioo w mem
smallpox epidemic between January and July
!os9 pracucay the entire population OF the island
was vaccinated by them. BY the skin of these off,
towns OF the Philippine archipelago have been car
ried successfully through epidemic of bubonic
At the close OF the war with Spain it was put
upon our officers to conceive and organize rap
best meet the requirements OF difficult situation
Ina 5hs Was done not only In Porto Rico but
In Cuba they were called upon to organize every
eminent, the collection Of revenue. the Cleaning OF
what had heretofore been pestholes the lace
Of the earth. That which is true of the organiza-
Rico.
IN dement's only Of little less Importance to the
United states than to Cuba Itself as for years
yellow fever had been menace to our southern
TIE yellow fever sufferers OF the South in 1873
ara 1880 were furnished more than three thousand
tents and thousands OF dollars worth Of subsist-
floods OF the Ohio and Mississippi were supplied
with a large number OF tents and a generous sup
great fire at Jacksonville. Fla. called for help that
was promptly and generously met From the Sub
people OF different parts Of the country overtaken
oy destructive storms and pesuence from 1874 to
the disaster OF the Porto Rcan hurricane in 1900
stores. 1888 to 1900 the destitute Cubans were
given more than million and half dollars worth
Viewing these facts. who will gainsay that only a
warped or dwarfed mind conceive feeling OF
fear Of niitarism in this blessed country OF ours7