Gainesville daily sun. (Gainesville, Fla.) 190?-1938, 1905-10-23

we must no less beware OF q nero
blind pessimism There is ever, u,osoo
Why We should be vigiiant in search.
ing out what Is wrong and untliuChiuE.
ly resolute In striving to remedy it,
But at the same time We must no.
blind ourselves to what has been nc.
oomplished for good. and above all We
must not lose our heads and become
either hysterlcal or rdncorOus In crap.
ping with wat is bad.
Take such a question, for instance,
as the Quebtlon, or rather the group OF
questions, connected with the growth
OF corporations in this country This
growth has meant, OF course, the
growth OF individual fortunes, I'm.
douhtedly the growth Of wealth in this
country has had some very unlorun.
nate Accomplishments. but Il seems TO
me that much the worst damage that
people OF wealth can do the rost Of Us
iS not any actual physical harm, but
the awakening In our breasts Of either
the mean Sice OF worsh,piug mere
weRtlh, and the man OF mere wealth
for the wealths sake, or the equally
mean vice OF viewing vita ranCorous
envy and hatred the men OF wealth
merely because they are men OF wealth.
Envy Is, OF course. merely u kind Of
crooked admiration; and We often see
the very mon who In public Is most In.
temperate In his donunciRtIou OF
wealth. in his private life most eager
TO obtain wealth. In no matter what
fashion. and at no matter waot mora!
cost.
Need Of Government Regulation.
Undoubtedly there Is need OF regula.
ton by the government, IN the interest
OF the public, OF these great corpora.
lions which In modrcn life have shown
themselves 10 be- tao most efficient
business implements. and which are,
therefore, the implements commonly
employed by the owners OF large for.
tunes. The corporation II the Great
ure Of the state. Il should always
be- hell Accountable TO some sovereign,
aud this accountability should DO real
and not snow. Therefore. Ia nay judE
ment, all corporations doing an inter
state business. anu this means the
grca, majority ot the largest cOrporR
lions should b. lCld accountable 10
the federal government because their
accountability should bo eoeNtCnsivN
with their ncld of action. hut most
certainly We should not strive TO pre-.
vent or limit corporate activity. We
should strive 10 secure such effective
supervision over Il. such power Of reEi.
latiOn over II. a. TO enable uu t0 guar. |
antre that lta activity Will be exercised |
only In ways beneficial 20 the pHblio
The uHwisdom of any we'll. meaning
but misguided effort 20 cheek oorpor.
ate activity has been shown IN striking
fashion In recent years By our eEpsri.
snos 10 the Philippines and IN Porto
REQ. Our national legislators very
properly determined that ths lslhnds
should not DO exploited by adVentuFeFs
without regard 10 the interests Of the
people % the islands themselves But
unfortunately In their seal 90 prevent
ne ISLANDS from boihG improperly ~.
plotted they took measures OF snch -.
verify ~ 70 seTi0asiy, aad IN some 70.
spoOta vitality. 20 hAmBsF and Fetard
the development Of Ire lslsndS. There
u nothing thAt ths islands neai more
ihau 10 have their great batufai 70
IOBEess developed. and thsss resources
~ ~ developed 0uiy b. the abundaHt
1so % aBltai. which. u ooarss. ell cot
- pat iniD then unless 60 tsFms sgf
loiently aaFsatAGsou8 10 0aeF DFos.
ooCts % gBo4 FsmsSaFAfiSH. We have
na4s The terms s0t merely hard. bee ,
lflsh PFOhibiiSFy. sfth The result that
Americas capital GDsa int0 tofain !
'suniFiea. iiks Memo Eaa thsTs usoe 4
MA Immense A4vaHtaEs 70 Ne esuA. I
~ o. ~ 6svel0Bmsnt. whils 4 enn Get Z
% iufo OuF 0Wh peaseaai0ha o. hs usa1
y ast~'gp ths IanAs under our Oua
80 ne shisf FuGsFsgs ~ Ehis siass
9 EAings are ths bsoPis u ne taion6a
kNlasivaa
n h l@p0sstbts tes sirlagiT n q,
- aDoa uhai slgAt ~ 10 sbs pata1t ,
~ tAsi q - asi oaly h ths issSgaSi .
{ tts pugpis % Wsai1 thsmsaiEsl. go
, ozg insUest, ta ths ihisgast g 90
UbHe ~ . Vt.0fs. thA1 Faay eAOai4 -
49, lalEr - n.IlT. 80 n 60 N