The Plymouth tribune. (Plymouth, Ind.) 1901-1911, 1906-05-17

uation which the President views with
..1arm, and 1t Is a fear that is shared
by all who have watched the current OF
events. The danger is not so much
from the fortunes honestly made.
These may, in few isolated cases, be
swollen beyond healthy limits" yet
there Is not enough of them to be a
menace. The evil is confined largely
to those mammoth fortunes that are
wrung from the people by ways that
are confiscatory in their nature. The
millions garnered by John ID. Rookie
feller through his manipulation of the
Standard Oil Company were not legiti-
mately made The millions that have
been collected by the railroad
magnates through the peculiar opera
tons In Wall street were not honestly
earned. 1t is wealth concentration OF
this kind against which the President
would legislate.
1t is said there is no recognized way
by which Congress can proceed against
stock jobbing. because that business
cannot be classified as Interstate COM
merce. 1t is the loaded dice" feature
of the game that brings about the un-
natural conditions compliance of, and
IL Congress cannot enact laws pro-
hibiting the practice, then the several
States should turn their attention to it.
New York has taken the first step, but
the objecs was to create a revenue not
prohibitory, hence the tax imposed on
stock sales is insufficient to prove cor
rectiye. II such an embargo could be
placed on the business as to put stop
to fictitious transactions, 1t would be a
difficult matter for group of opera
tors to manipulate the market almost
az will. Under existing methods there
Is constant process of milking" the
public for the benefit of the few in
siders. Prices are forced up by un-
natural means, and then, when the
lambs have been loaded with stock al
top figures. the market is depressed
investors become frightened and the
manipulators reap their harvest. In
time the wealth of the country Is
taken from the people and transferred
to the pockets of the stock jobbers
Scores of millionaires have been ere
ated out of this condition, and not one
Of them came by their wealth honestly
President Roosevelt, as a true pa
triot. would devise some plan to cor
rect this wrong. He expects opposition.
The men who have profited by this
system of plumber are not to be pulled
CT their prey without struggle. They
ragard any such attempt as an inter
terence with their personal rights, and
they are pleased to denominate 1t as q
species of socialism and anarchy. The
president does not go into detail. II
Is plain to be seen that be is not yet
sure how best to meet the issue. He
only knows that 1t must be met. and
he would invoke the cooperation Of
all just men, 81; patriotic men Il, the
task of evolving a more healthy condi-
ton, to the end that we may not have
in this repub ic a very rich class and a
very poor cass. He would institute
some sort of a leveling process that
would check the present pernicious
tendency, and he is not to be deferred
in this by the cry of socialist raised
against him. He is seeking a remedy
that will prevent the other extreme,
which is anarchy. And unless we
speedily find that remedy, the result
will be anarchy.-Toledo Blade.
One Object Of Protection.