The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1906-12-18
MlLLIONAlREPHOBlA.
Chancellor Day of Syracuse
Coins NV Word.
CHAMPIONS RICH MEN AND TRUSTS
A si00.o00,00o Fortune L. "oniy n
Healthy Growth"-rhi. Epoch WIN
stand la History as "a Dis-
grace aud shame Ca IL.

NEW YORK, Dec. Chancellor
Day OF Syracuse university, whose
championship OF Mr. Rockefeller anu
the Standard OH company was a wide.
~ quoted contribution 10 current polil-
lcal discussion, continued 10 denOunce
warmly the movement for legislative
control Of nggregatlons Of wealth.
This movement he terms million
alrcphobla" and says:
For some time we have been In the
grip OF this mighty spasm over corpo-
rate wealth and swollen fortunes.
These current phrases are from high
sources. An OF our natl0nni Ills ARE
being stated In this formula. Down
with the rich puncturc the swollen
fortunes. Make the rich poor. aud all
the poor will be- rich. Destroy corpori.
lions. hamper them, obslrnct them.
Sue them Ia the courts. Assail them
In the press. Tie the strings OF the H.
llputinns 10 them In congress and bind
them. aud the individual can have n
chance.
hNhf WV w NA'NA
- sufficiently small and uncertain 10y
petty legislative restrictions aud con
troll aud we shall not Ice troubled 10y
the genius OF n Rockefeller. I'm. n
Morgan. n Carnegie. an Armour or n
Swift. The little men viii bc btg
enough for the little things remaining
10 ba done. II IL n crime for several
men 90 have developed the power Of
giving employment 10 5000 or iJOO,O
men"
Fortunes are not the only things that
have swollen. he declares but salaries
aud wages as well. while hours Of In
Dor have shruuk. which II another way
of swelling wages one hundred mil.
lion dollars Is me- more u swollen for
tune today III IA 100000 was la the
last century. hut "only healthy
growth lu tremendous time. when 10y
~" sciences aud arts the earth Is
yielding remuneration In proportion 10
the ability Of men. swollen salaries
and swollen wages are the proportion
ate pay that vast enterprises are CIV.
Ing to skilled labor aud service" lie
SAYS that the men who would reduce
these fortunes had nothing 10 u" with
swelling them aud could not manage
them II they had them: that those who
are chnttcrlng about predatory wealth
would not refuse 10 take over corpora.
tIou stock even M Rockefeller proper
lions Destructive regulation should
hc preceded by government ownership.
then 90 the government owned th"
property 10 Is proposed Ia supervise
I'VE can take the consequences Of our
laundering That would be- houora-
,lc the chancellor declares. lie adds:
Probably mo- men Ia this country
are more disqualified for the control
and supervision uf the corporations or
swollen fortunes than the majority of
Legislators Any proposition from that
source 10 supervise the wealth OF the
land is gigantic piece OF impcrti.
nencc that 10 coming generations will
be- Incredible"
The minority of congress. men who
have ability and character. should CON
troll Ia the interest OF the rights of the
people which are being disrcgnrdcd
with startling contempt for wage and
law. says the chancellor Courts OF
Justice are dragOoncd into subServien-
cy 10 executive authority, men being
condemned without conviction and
told 10 clear themselves after they are
condemned II they want mercy. Com
mercc. traffic. transportation. manu-
facture. are placed under espionage
and hailed before the courts and threat
cned with regulation by SOcialistic law
until men no longer know what prop
erty is or the rights of business as
once interpreted 10y those principles
which were supposed TO have been eS-
iablshed by the wisdom of the centu-
rics.
Il predict that we are passing
through an epoch that will stand In
future times to our everlasting dis
grace and shame. We are phenomenal
~ blessed by Providence. We are
steadied by the calm confidence and
signal ability of the greatest men ever
known In the commercial world. But
II this mania continues it is not far ON
TO crash that will carry down all con
Gdcnce, confuse all property rights,
block the wheels II all progress and
wreck not only the millionairc's for
unc. but the labOrer's cottage. The
demand of the hour is the control Of
the controller. Swollen fortunes are
rh)usnndfod less dangerous to our
land and people than swollen dcma-