The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1907-10-03

abhor a vacuum. and is determined
that this control shall be exercised
somewhere; it is most unwise for the
railroads not to recognize this and to
submit to it as the first requisite of
the situation.
When this control is exercised in
some such fashion as it is now eXer-
| cised over the national banks, there
| will be no falling off in business pros
perity. On the contrary, the chances
be Increased. Undoubtedly there will
! be much less opportunity than at
present for a very few individuals not
| of the most scrupulous type to amass
great fortunes by specuiatfng in and
manipulating securities which are is
sued without any kind of control or
| supervision.
But there will be plenty Of room
left for ample legitimate reward for
business genius while the chance for
he man who is not a business genius,
but who is good, thrifty, hard-work-
| ing citizen, will be better.
Abuses Discovered.
| l do not believe that our efforts will
have anything but beneficial effect
upon the permanent prosperity of the
county: and, as a matter of fact
even as regards any temporary eff
feet, l think that any trouble is due
fundamentally not to the fact that the
national authorities have discovered
| and corrected certain abuses but to
| the fact that those abuses were there
| to be discovered. l think that the ex-
| cellent people who have complained of
our policy as hurting business, have
shown much the same spirit as the
child who regards the dentist and not
the liberated tooth as the real source
| of his woe. | am as certain as | can
be of anything that the course We are
pursuing will ultimately help business;
FOR the corrupt man of business is as
great foe to this country as the cor
rupt politician
Both stand on the same evil emf
Fence of infamy. Against both it is me-
cessary to war; and if, unfortunately
in either type Of warfare, a few inno-
cent people are hurt, the responsibility
lies not with us, but with those who
misled them to their hurt
Must Meet Conditions.
This is rapidly growing nation,
on a new continent, and in an era of
new, complex and ever shifting condi-
tiOns. Often it is necessary to devise
new methods of meeting these new
conditions. We must regard the past,
but we must not regard only the past
We must also think of the future; and
while we must learn by experience;
we can not afford to pay heed merely
to the teachings Of experience
The great preacher Claiming in his
essay on THE Union" spoke with fine
insight on this very point In COM
menting on the New England states
man Cabot. whom he greatly admired.
he said that nevertheless "he had too
much of the wisdom of experience; he
wanted what may be called the wis
dom of hope" He then continued in
words which have a peculiar fitness
FOR the conditions of today: 1--WE APP
prehend that it is possible to make
experience too much our guide There
are seasons in human affairs. of in
ward and outward revolution, when
new depths seem to be broken up in the
soul, when new wants are unfolded
iii multitudes, and a new and unde-
fined good is thirsted for
Modify Principles.
| There are periods when the princi-
pies of experience need to be modified
when hope and trust ard instinct claim
share with prudence in the guild
ance of affairs, when in truth to dare
is the highest wisdom"
These sentences should be carefully
pondered by those men, often very
good men, who forget that construc-
tive change offers the best method of
avoiding destructive change; that re-
form is the antidote to revolution: and
that social reform is not the precur-
sor but the preventive of socialism,