The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1905-05-18
Of in an uptown hospital sor 1 matter

again, TOT m sadly out Oh my OeaT-
ings. Either I'm a sick man looking at
things with sick mans eyes, or else
I'm seeing them as they really are for
the first time. Certainly never felt
until to-day the awfulness of this city.
It's terrifying, Dave, it's positively ter
rifying in the ceaseless grinding Of its
wheels and the needless torrent of its
grist. There's something horrible in
the cold, hard, cruel mechanism of 1t
ALL"
Don't try to familiarize yourself too
rapidly. II my advice had been fol-
lowed, you wouldn't be down here at
all to-day"
''It won't do me any harm. AS a
matter of fact, ought to have come
before. The new board Of directors
should get to work at the earliest pos
sible moment"
II like that! Just as though we
hadn't been as busy as bees for the
past month or more. Isn't the strike
settled and everything running
smoothly again? And yet the presi-
dent sits in his hanson cab and says
it's time for the new board to get to
work! There's egotism for you'll"
you've done splendidly, admit It.
But don't want your work to 60 for
nothing. You remember what we were
talking of the other night?"
you mean about getting rid of Wall
strect?" ..os..
YES" 'i.'
"Well?" is'' H'ss .'"' 80 -
1--WE mustn't postpone that move.
The Confederated isn't over capitalized
to-day. don't know why, unless 1t
was part Of Trundell, Croydon & Co. s
scheme to wait until they had things
completely in their hands before they
increased the stock to suit their own
convenience. However, the business
can now earn in the worst times q rea-
sonable dividend on its capital, and
in good years very large profit. That
being so, how long will II be before
the spectators get control of the COM
pany and multiply the stock until 1t
won't be able to earn a decent return
in the best of years, and at other
times will have to make good its losses
by all kinds of dangerous financier-
ing?"
Maddox shrugged his shoulders.
Not very long" he admitted. "The
temptation to convert hundred dol
lar share into two, three or four shares
and then peddle them off on an unsus-
pecting public. is too much for the
average financial conscience"
We'll, I'm not worrying about the
unsuspecting public which dabbles in
Wall street. At least, it's not my chief
concern. I'm thinking about the en-
ployes at whose expense this game
Of never-lasting is always played SOON
er or later; and incidentally I'm think
ing of ourselves. There isn't much
incentive in working for a gang of
spectators who'll turn us out at the
very next election. Whatever we do
will be Of doubtful value II it's undone
in year."
isn't that just what said the other
night"
Eyes, but you didn't point out the
remedy"
Il don't know any. except control OF
the stock"
Then it's high time the directors
considered the ways and means Of do
ing that. believe there are plenty
of people who are ready and willing to
support a decent, honest policy-not
as a matter Of philanthropy, but as
good business-and that they can be
reached directly or indirectly. Don'i
you think so?"
"Ye-es,' assented Maddox. hesita.
ting; "but-"
Now don't let us have any butts,
Dave. You've given me good mental
send-on, and I'm gathering momen.
tum all the time. Clear the track. DOM
obstruct it. But seriously, this thing
must be done or well be in the hands
of the financial thimble-riggers within
a twelvemonth. Then we'll have an
other reorganization and more rob
berry. It's an endless chain, and I, fol
one, don't propose to stand by and Sc,
the first link forged. There's more a
stake here than the future of this on,
corporation. Nobody can be blind II
the economic conditions as they exis
to-day, and only the fools want to shu
their eyes. You can't have a revolu
tion In business methods such as W,
have had in the past ten years AM
leave the labor question untouched. !
II is ignored or handled by men of th'
Trundell-Croyden type, II will becom
a political issue, just as sure as W,
| live"
Maddox nodded at the emphati
words.
"A mighty dangerous ISSUE" wa
| his only comment.
Dangerous and unnecessary. Whel
] first thought about this combination
consolidation tendency, Dave" Ken
nard went on. Il was opposed to
heart and soul. But what hav
learned has shown me more possibili
ties for good than for evil in this thing
Between the worst form of corporal
tyranny and the secret, private gree
OF individuals, would choose tn
former. A little sweat-shop is easie
to hide than big corporation"
Maddox nodded again.
But you must have policy Of som
kind" he suggested. "and II mustn't b
too revolutionary"
my policy. Dave. II you can call
such, is progress. more progress, an
still more progress. That isn't mer
verbiage. It's practical common sense
| There are a number Of cOrporationa 4