The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-06-29

- BERLIN. O. June ~ LIutS L.
III Dill. OF New York. i'm the course
of an address 10 the graduating
class of Oberiin college. today de-
livered a scathing rebuke To men
who misuse positions of honor and
trust for purposes of personal
gain. In urging his hearers to
go back to beginnings" Mr.. Dill con-
tended that grating" which was for
eign to the true American character,
had been developed by the mad rush
Tor wealth and the recognition of false
standards by educated men in the COM
petitive struggles for business power
and social prominence
a large part OF our modern pros
perity." he said. lis TO a periloUsly
large extent bottomed upon an over
production of fraud and sham. The
crisis Is acute \ feeling of diStruSt Is
growing throughout the country Many
branches of financial business have
been in one way or another taken pos
session of by the INSCRIPTIONS for the
purpose of deceiving the unWary- Trust
companies have been made the
mediums Of the 1otaticu of specious
and fraudulent promotions
Sacred Trust Violated.
Some companies in the field of life
insurance the highest and in a sense
a sacred form of investment are, as we
all know now. conduits through which
the savings of the policy holders are
diverted into operations for specula-
tive purposes
Credit and good faith. not money
are the basis of business Good Of
bad. our modern prosperity is founded
on public confidence. Take that away
and the whole fabric falls
The fact is that the Unprecedented
material growth of the country the
resulting creation of immense private
I fortunes the massing Of great aEgre
cations Of corporate capital. lUduSJTia
commissions and railroad mergers. al
have tended to concentrate the atten-
ton of the people upon great financla
achievements and TO establish IN the
highest place in the popular estimation
the captains OF industry and Jh'
powerful financiers. little regard bem2
presented. in making up the judgment
to the financial virtues Of private III
dividual life.
The Fault Located,
Nov. whose fault is this It
ours. It IS the fault OF public opinion
/ nd public opinion is our opinion your
/ and mine-yours of me mine Of you
ours of all the rest We have to teaTi
I to recognize graft and the STaIJeIS
! however respectable their DISCUSSES
and to punish them. not alone by I'M
( DrfsOnment and fine. but with all IN
! might of the terrible scOrn Of society
/ We have TO recognize that the seeds
: socialism. revolution and anarchy ar
sown by the man of our oW1 class al.
/ kind who pretends 10 be What he ]
not. these seeds are cultivated by IN
{ grating bank officer, insurance OF
ficer. man in power I'm financial organ
cations. in short every CRATER VINO D
his dealings with the public DEPART
oDeuIv or secretly from old faShione
/ ten commandment honesty
! This Indictment Of our business hi
i not based upon an inherent incur
able defect i'm our American character
but. on the contrary. these evils are 2
outgrowth of our American StTeuuOsit
I in the riotOus race for the easy dolia
and the many dollars. In the hearts @
I genuine men and women of our coun
Z frv there Is an appreciation Of the i'm
Dortance of character the rank an
file of the American people not Onl
believe in but also stand for right IN
liDr, and conscience undimmed and an
fettered bv business environments
therefore. right and honesty VI
friurnDh: q satuTualia of graft an eT
of grab will find itself snort lNe'
sneedilv to be ended by the upliftiu
influences of educated men ana Wome
Of character