New-York tribune., 1906-12-18
THEODORE B. STARR
Diamond Merchant,
JeWeler and
SilVerSrnith
Exclusive Designs
in Domestic and
Foreign Silverware
and Gold JeWelry
MADISON SQUARE
New York
" ARNING FROM DR.. DAY
EPOCH OF DISGRACE" "
Muck Rake" Destroying Business
Confidence, Says Chancellor.

MliIonairephoba' Is term contributed to
the muck rake controversy by Chancellor Day. OF
syracuse. in a forthcoming issue OF "I,esie's
weekly Further denouncing the movement for
legislative control of aggregated wealth the Chan
celor predicts that the present epoch of criticism
or wealth will stand In future times to our ever
lasting disgrace and shame"
FOR some time" says DR.. Day. I'VE have been
IN tfe grip CT this mighty spasn over corporate
wealth and swollen fortunes. These current
phrases from high sources all of our national
Ills ching stated in this formula: Down with the
rich Puncture the swollen fortunes Make the
rich poor and all the poor will be rich Destroy the
corporations hamper them obstruct them Sue
them in the courts. Assail them in the press. Tie
the strings of the nlputians 10 them in Congress
and bind them. and the individual can have a
chance" He continued:
Make the returns of great businesses sufficiently
slaA ana uncertain by petty legislative restrictions
genius OF a Rockefeller. a Hill, a Morgan a Car
be big enough for the little things remaining to be
done 1t is a crime for several men to have de-
or 10000 men.
The writer maintains that fortunes are not alone
IN swelling. He points TO increased salaries and
wages. He says the decrease IN hours OF labor is
another way of swelling wages. One hundred mill
ION dollars, according to the Chancellor. no more
make swollen fortune to-day than one hundred
thousand did in the last century but "ony a
healthy growth in a tremendous time. when by
the sciences and arts the earth is yielding re-
muneration IN proportion the ability of men"
Swollen salaries and swollen wages he adds,
ARE the proportionate pay that vast enterprises
giving 10 skilled labor and service" He said
that the who would reduce these fortunes had
nothing do with swelling them. and could not
manage them If they had them; that those who
"chettering about predatory wealth would
not refuse TO take corporation stock even in
Rockefeller proportions. Destructive regulation
should be preceded by government ownership. he
believes; then, if the government owned the prop
erty II is proposed supervise. I'VE take the
consequences of our bundering' That would be
honorable, the Chancellor declares. He adds;
Probably no men in the country are more dis
Corporations swollen fortunes than the majority
OF legislators. ANY proposition from that source
gigantic piece Of impertinence that to coming
generations will be incredible.
The minority of Congress. who have ability
and character. should control in the interest of
the rights OF the people which being disregarded
with startling contempt for wage and law, says the
Chancellor Again he says:
i+to1,+ nonI-,tio1 on4 told +o lear themselves
Commerce, traffic, transportation, manufacture are
and threatened with regulation by socalistic law
tights Of bUsiness as once Interpreted by those
principles which were supposed TO have been
tablished by the wisdom of centuries.
that viii stand in future times TO our everlasting
disgrace and shame. We are phenomenalIy blessed
idence and signal ability Of the greatest men ever
known in the commercial world But If this mania
continues II is not far on 70 crash tat Will carry
down all confidence, confuse all property rights
block the wheels Of al, progress n anG WrecK not not
tage. The demand OF the hour is the control OF
fold less dangerous to~our land and people than
swollen demagogy-