The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-10-06
IS MENACED by
|. 4 GREAT DANGER.
The Dishonesty In High.
Places Threatens Flu
ture OF Country
BANK PRESIDENTS
STARTLING SPEECH
]. Edward Simmons, Of New
York, Sounds a Note Of
Warning-To federation OF
the Term Crater"
Is Deplored by
Him.
(By Associated Press,)

10Y s<a5SOCluleQs IEeSS.) 35t4 l5ts@at8j
ANNAPOLIS. MD, October 5.-Dis-
judiciary ind great financial nstitu-
tlons and corporations and palia,ion Of
such acts by the masses gravely threaten
the future of the country according to
views expressed to-day by j. Edward
Simmons, president Of the Fourth Ma
$tlonnl Bank of New York, In an address
before the Maryland Bankers H6seeia-
ton. He pointed to the lessons taught by
the fall OF the ancient Roman republic,
the reign OF terror In France and the
disasters which befell Russian arms in
the recent conflict in the Far East. all
OF which. he said, were due to palliated
dishonesty.
II hear voices from the East and
voices from tho West" said he. Ill
boding voices, voices from the pulpit and
the divine, voices from the college and
the educator, voices from the bench and
the bar, voices from the press and its
sages, the voice Of the President him
self, denouncing in ringing tones and de-
plorlng the universal spread Of selfish
ness In it's meanest and most reputlve
form-the form Of dishonesty. The be-
vail ono universal carnival OF dishonesty.
Alas. these voices are not unconfirnled."
He deplored the conditions which have
led men to tolerate the terms graft
and 'grafters." and he said he feared
the very use OF the words was an indica-
ton of mems tolerance of @ thief and his
trade. He called upon the members OF
the association to give their assistance in
remedying a condition which makes It
possible .'for men who pose as the salt
OF the earth and who condemn without
reserve, those who steal fifty dollars or
forge a check for q hundred dollars, or
accept bribe, to ii themselves make mil
i Lions by lying, q byl misrap presentation, by
fraud, and by brlbe ery,'S witt hout receiving
punishment or even criticism, while the
man who steals the paltry sum is sent
to jail. He denounced the man OF stain
less private life who, Sin the interest OF
corporations, OF the trust, Of the gas
company, OF the railroad company, of the
insurance company. have recourse 20
every villainy$ damned in the Decalogue,
who does the deed OF a highwayman with
the air OF a saint.
Corporation Dangers.
Mr.. Simmons said that the workings
and dangers Of great corporations and
multi-millionaire enterprises have not
been and are not as fully understood as
their advantages. He believed that their
dark side should be Investigated and set
out as lucidly and forcibly as the bright
side He referred to the growth OF the
socialist movement as shown by the last
presidential elections as due largely to
the fact, he said, that tho masses sec
great fortunes accumulated by dishonest
means and when SO accumulated COM
bined to smother Individual enterprise.
He believed, however. that the situation
was not without hope. as the vesy fact
that the country has awakened to the
conditions, and that fearless and able
men are organizing and leading cam
paign against dishonesty are grounds for
hone that far-reaching remedial pro-
cess has already begun.