Daily press. [volume] (Newport News, Va.) 1896-current, 1905-05-18
National Manufacturers Associ.
allon Re- fuses to Demand Use
of American Materials.
fOSs TALKS ON RECIPROCITY
President samuel Spencer, of the
Southern Railway. Urges Objections
to Government Control of Freight
Rates-President Commended For
Attitude in Regard to Chicago Strike.


'tiy Associated PrcSR1
ATLANTA, GA. Nav lT.-rhc I'M
porlanl features of the second days
session of the National Manufacturers
| ASSnciaiCn WAS the address OF prcsi-
! deht Samuel Spencer. of The Southern
| Railway, the address of Eugene Foss
OF Massachusetts. N reciprocity. ana
| me report of the committee on resolu
iionS which caused lively dcbato
ah'! the r"Iccinn of ono part of tho
| report which called upon the Is,hmian
| Canal Commission to use American
m;l':c good IN connection with The ca
nal constructions
| Increased attendance and increased
interest marked the DAYS program.
which was opened by Mr.. Foss. whose
prominence us an advocate of rcci.
| pnciIy with foreign nations has given
weight Ia his words. In lengthy pa
pcr he discussed The subject historic.
ally and economically.
| lie WAS followed by President Spcn-
Ger. Of the Southern Railway. who
| spoke III part MS follows
Mr.. Srencer's Address.
1 Il ain no. denying the power or tho
IEiGht iti' lGiicy OF. .soyernnqnfai
regulation by proper and safe methods,
of tho performance by The railways Of
their public duties.
TO correct abuses is one thing 10
supervise ami direct .he earning pow
CT or the operations of business of
| whatever character is quite another
Il am only pointing ont that if The
government in its regulation of COM
:non carriers. shall 80 beyond tie
point of correcting illegal wclldclncd
| abuses an': unjust discrimination. it,
may nninicntionally. possibly uncnn-
sciously' be entering upon policy Of
| governmental ratcrnaliSm. from which
retreat will he difficult il not limos.
shIc
''rhe reE cdy for corporate evils Iirs
not III suppression nor in undue gov
ernmcntal regulation nor in govern.
mental control. Suppression bv statute
has bccn tried. and has failed. Gov
ernmental regulation beyond the limits
OF correcting Irregularities and abuses.
means paternalism which will sap
not only the energies AMI initiative of
The individual. hut must rctard the dc.
relormcnt of tic country, and NAV
| possibly threaten the foundations
hpon which free government is based.
A Remedy Suggested.
"Fhe remedy lies in an intelligent
| and thorough recognition of the benc-
| HIS to lie derived from large corporate
instead of small individual activity;
ii lies in throwing the scarchlight of
public scrutiny upon All corporate ac-
ton and methods which can. hy lille
| gal abuses and determinations i'm.
iiict injury and injustice upon others
OF equal rights: it lies in wise and ju.
| dic;;Es laws in respect to the rurma-
linn of corporations. the amount and
character Of their Capitalization ami
| the scope cf their corporate powcrs.
| "'i W 81 HSSiclil VI governmental SUI
pcrrision and inspection which can
successfully detect and punish all in
fractions Of the law
1T lies not in the restriction of the
earning power or the profits of cor
pcr;,tions thus formed or Thus super
viscd The profits of corporations To-.
ultimately organized, AMI legally alnl
| honestly conducted, should be no moro
restricted! by governmental action than
the profits of the individual cngagci
in similar pursuits.
No Menace to Institutions.
"Ender such conditions, and thcy
are easily attainable. the wc!l-man
| aged corporation has great usefulness,
Tor the good of the individual citizen
| and Of the entire country. and in it.
there is no menace TO the structur.
of our free institutions"
The resolutions adopted endorsed
the open shop" rs embndying The true
spirit of American liberty, deprecated
The crimes and outragcs on personal