New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-24
pR. ANDREWS FOR RICHES
Chancellor Endorses Men of Immense
WeQIth-4bjures Free SiLUer.
ERv telegraph 70 Tbs tribune. ]

ysnooln. Neb.. Sept zS-Chancellor E. Benjamin
Andrews to-day defended the promoters and men
Who pile UP immense sums Of money by their IN
4,7srial activity, IN address to the students oI
+be state University. Incidental to this the chan
,e1or admits that he was wrong in his stand on
~. money question In 1895, that stand beng based
On The supposirion that the worlds gold supply
US limited nearly exhausted
On wednesday of this week the Democratic state
Convention condemned the action of the state
sosrd of University Regents for accepting Rookie
[sIer gift c. SIS 0lc Chancellor Andrews is mem
h. or the commission for the distributes Of Rookie
fsJ,e- wealth TO schools and colleges Because OF
r+ese facts what IS termed his left handed" COM
n,rnent 10 Rockefeller has excited much interest
- The course OF his defence OF promoters Chan
-eror Andrews maintains that Lawson's story OF
me Grimes OF Aralgamated" does not make out q
oasa against those Mr- Lawson alleges TO be
offenders
IN answering the question whether the promoter
and IN this class he places the Rockefelers Still
mans Carnegies and others, is q parasite, q boon
or burden. the chancellor zaid:
While we cannot too vehemAntly reprehend dis
honest promoting and unCerRritlng and whlle
most toward suppressing those dark practices
people nus, o., i1sieot cornnou sense
and sagaclry. 70 prevent being plucked by corIno.
rants Of :nese classes After the lessons Of past
Yeas adults who lose by being drawn into unse3-
worthy schemes should be ashamed TO plead the
Besides 5udicious legislation besides the needful
@ more wary in face OF RoaSes less guIli6e less
anxious 10 get something for nothing, l eHPeCe
Of men which believe TO De SONG on assaasiis
not the QuSt OF NeaIl MIIil. = Lf-,.-+ 1-ir+77e
but lesseuing the desire for wealth As an enc anu
DO not speak Of the millennium. In day much
nearer than that it shall 10 all but the very oaseS
better that man shall act IN al shl ms "Id
SsIrinF 10 build nigh the Bile Of social and general
wealth than that he scheme 10 best his Iehogs
N SSr 19S car "a oT ss "a yct and rot when
under immense pile Of marble
Discussing promoting and promoters, Mr. An
dreEs said:
;re simply part and parcel of the popular hosthIJy
felt against all the wealthy. This hatred so deeP.
reasoning and so relentless, deem the most dan
8 MS British antipathy wonId be less appalling;
but il has sympathy and support in al classes
Tie PITY is thar this crashing Of teeth goes on
s+i6 he it en- I,cd and Observation-Disclosures When
distinction made nearly always favors the
he energetic and creative rich Mr.. Carnegie was
thought ttle Of ill he retired and Degan f6 J
mans main benefactions TO the public lay and still
We howl down alike the helpful rich and the
and the spendthrifty those making fife easier for
do you are lashed and pilloried and your name Is
oast CUT as evil though no breath Of fraud az.
ardent philanthropy. have heard it said soberly.
81 educated people given 10 folly in most
-hanEs that an honest millionaire never existed and
never can exist the alleged ground that honesty
and great wealth were contradictory opposites-
What wonder that less well informed men believe
his insanity and preach Il IKE crusaders
e as crime that the AmalgaInated dividend was
-If without warning and in open defiance OF the
absolute pledge Of its creators
Unless the money saved was stolen or the stock
'hea-ed for speculative purposes, Il does not ap-
pear that this cut at the worst more than an
tndscreticn. as the saving could not but make the
10
dead United Steel common, i created great
outcry, but Is now, think. generally admitted 20
have been the only wise course.
Lawson deems II nefarious that II. II. Rogers.
parties who became interested in AualSaE1sted
during the earlier stages OF the formation OF the
company suppose that they occupied the ground
6oor when. in fact. there was cellar underneath
their floor. 2 vault beneath the cellar mine IN
dsrneath the vault, and q secret chamber under
The mine the parties named being all the while the
sole occupants Of this secret chamber.
Lzwson's account does not, on It's face, bear cut
his indictment. which nay, for auEht I know. be
Just, after all DID Rogers ct al. lie the other
parties? DID these parties pay for their interest
-bs1 = 5s5a Fefr ~ ts T-L 80 +-s+ 49, 1Sito
scrambled for the shares and paid three times TOO
much 1o- them Is not by itself proof Of any ones
fraud
7 do say that q country with irnurnera Bile
rnillionafres VIII show as high level of general
more widely scattered Other things being equal.
Z Is doubt best that nations resources should
De owned BY very many and not by very few. But
] do maintain and declare that. after all the main
thing Is the pilipg Up Of wealth II little wealth
exists most oS must be vretched: whereas. Il
wealth is immense, however Il IS owned all hut
the idle viii be benefited by Il
eE----r,, c--To-1-- 49,