The Washington times., 1906-07-20
English VS.. Americans.

ITO BEGIN with" continued President
Stickney i'm his analysis of the AmeTi-
can business character "over in Eng
land they have better educated men,
They understand the duty of the man Of
large affairs 10 the community. Their
ideas OF political economy are better.
We don't have any real education in
that subject here They teach it, of
course; but how? It's all dominated by
business. If a professor of economies
teaches ideas that conflict with the In
terests of some trust or other that in
stituion doesn't get any more money
from that source. If it's a State univer-
sity il gets into politics and they kick
him out.
There are too many Americans in
business who think Il clever 10 loan
money on stock and then call the
loans and force the stocks down so they
can buy them in at the low price They
don't do such things in England. The
board OF governors of the Bank OF Eng
land-I know them personally and have
visited most or them in their hOmes-re-
gard their posts as the most sacred OF
trusts. A friend of mine was a director
in the London and Northwestern rail-
road. He told me that while he held
that place he never sold share OF the
stock and that as a matter Of princi-
Me ha WouId nor think of doing so. He
would not do anything that might pos
sibly be construed INTO aHecJlnS the
stock market"
Many people have gathered from his
writings that President Stickney leans
toward Government ownership as the So
luton OF the railroad question He says
they are mistaken.
Opposes Government Ownership.
81 don't think Government ownership
is ever going 10 be preferable. except
as against a situation in which two or
three men viii control all the railroads.
OF course. 1 think IL would be better
10 have all the people than 10 have
one man own them. Sir Walter Raleigh
said the sea was the worlds highway.
and the power that controlled the sea
would control commerce, and the power
that controlled commerce would control
the wealth OF the world. and the power
that controlled the wealth of the world
would control the world. He was right.
He laid down the law that England
has followed and that has made IL the
great controlling power in the world
for that is what IL is. Don't you know
that Great Britain is the only place
where YOU can sell anything you want,
from auS place on earth. without being
taxed on the dGalE DO you know now
much that means or what it has done
10 make England what she is?
Now what Raleigh said about the
sea as the worlds highway is true OF
rha railroads as this continents high
WAYS. Who controls the railroads, con-
trolls. commerce: who controls commerce
controls the wealth.; and who controls
the wealth. controls the country.
fOur danger is IN the fearful tnequai-
ties of distribution. People see thai
the few have immense wealth while the
many, who produce II, have little. But
the many do the voting. and what they
vote becomes the law OF the land. That
Is a big and pregnant fact that must
never be forgotten.
Hard to Help People.
'I know 1t is hard to do things for
the people. There are so many OF them
who will not save who can't work
unless they are given a Job and set at
it. They want to live IN cities. And
look at these huge apartment houses