The Providence news. (Providence [R.I.]) 1891-1906, 1906-02-22

and that can he encountered with these
trusts, and that Is that people may be in
duced TO pay more than the real value
OF the stock offered.
What is the remedy? Is Il legislation?
If so, is the general assembly 10 become
the protector OF every person who goes
into the stock market 10 speculate and Is
fooled? The public regulates these things
l Mor instanse certain cert Trust ys s.9ee Mas Mas
fixed at 6s for the preferred and 10 for
the common and II was done by the
people whose Judgment fixed its real
value.
'It Is the function OF the government
TO govern and 10 govern as little as possi-
bile: 20 let every man be the architect or
his own fortune. Do we want 10 retro
grade and go back TO the life which has
obtained in Russia. where about every
common people live and have their being
because the government let's them live
and breathe7
what has made the corporate interests
OF Rhode Island2 Has nature given you
great wheat fields. copper mines. iron
mines and coal mines? No! But she has
given you capacity, great mental gifts
and opportunities 10 make fortunes out
OF great business affairs.
What would have become OF those op-
portunities for advancement and the ac-
qulrement of riches II they had been left
In the hands OF the government Don't
you know what government ownership
would have done. or failed 10 have done.
for you I'm Rhode Island?
THE GLOWING EXAMPLE.
THE glowing example always quoted
when municipal ownership is quoted Is
the city Of Glasgow. Don't you know
that the mileage OF that municipality
owned railroad Is limited exclusively TO
the confines of that city? You can't
ride out OF Glasgow on one OF these
municipality owned cars at any price: IL
you wish 10 get out into the country
where you can see the flowers OF Gods
field you must take a car not owned by
that city why is this so7 The munich
pality OF Glasgow does not intend that
any OF the people shall get outside that
city
I'm this country in my own city much
has been said about one man, Henry NJ
whitney and for some things he has
been severely. perhaps Justly. criticised; /;
but one thing 10 his credit is that he
took the old bob-tail horse cars. supplant-
cd them with electric cars, spread the
service to and thoroughly aroused life
in the suburbs. gave the people decent
places to live In. In Glasgow the same
class OF people enjoying these privileges
are huddled into tenements OF but three
rooms
The last speaker was John Graham
Brooks OF Cambridge. Mass. who mem
toned the gas deals OF Addicks. saying
he knew OF but one man worse, Yerkes,
formerly of Chicago. and now OF he knew
not where. Referring TO municipal own
ership he said:
SLOWER BUT SAFER.
The English do not propose 10 go back
10 private ownership. They may not
serve the people quite as we'll; do not
make use OF great inventions as freely
as we do But do not kill people as fast
as we do. We shall kill on our railroads
next year between ten and eleven thou
sand people.
They go slowly: but they go safely
Here we are in such haste to get rich
that we allow lot OF good fellows TO
run our AFFAIRS. TO get control or the
big corporations, and that Is what has
made US the subject of derision with the
people of other countries.
Glasgow has one advantage over Bos-
ton and that is that there they have
maintained the integrity OF the govern
ment: here we have almost lost X. Are
we quite as smart as we think we are
when we throw away great opportunities
and properties?"
At the end of the speaking ex-Gov.
Brown for the nominating committee re-
ported the following nominations. and the
entire list was unanimously elected:
President. John c. Pegram; vice presi-
mittee, ]. 9. Dealey, Henry r. Gardner,
and Henry ID. Sharpe