The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1907-11-18

lpett politics and political in
trigae no more the proper sub
lieet Of favoritism than is the bus
iness OF the bank Itself We have
hut to look around us. weigh oui
own experience of recent years and
fhe conclusion is inevitably upon
as, deludcd by words, simply
words, -but not blest by deeds on
faction Fully do we realize that
one, made with the love for mil
itary display for The ringing sound
of fierce declarations, unmindful of
/ collar be In his private pocket or
Tho public treasury. naturally leads
our country to the very brink of
commercial destruction The dec
laTaticns have been So emphatic
that in the absence Of reflection
we are apt to imagine that some
thing has actually been accomplish
! ed My credulous friend If YOU
believe you have had deeds along
With the avalanche of words.
should be glad to hear those deeds
enumerated The last six years has
witnessed the multiplying Of trusts
9nd monopolies. Of Illegal and hue-
tensome combinations Expressing
the people to such an extent as to
make that which existed prier
thereto look insignificant, and yet
here has been, during these years.
no dearth Of pleasing words and
fierce declarations.
Let us hope for the dav when the
Spectacular win be employed less
and honest conduct Of corporate bus
mess be assured This country iwth
its multitude of interests, each one
in part dependent upon the others,
has become COO great to be the play
thing Of the novice in business or
statesmanship. The recent assess I
ment of fine Of twenty-nine million
dollars against one of the business
corporations OF our country, while
spectacular to degree, was more
in its i'll effects than the
inexperienced author ever IMAGINED.
AS a punishment to the offender
1t was nothing The real offender,
might ultimately escape this tre-
mendous fine At most, that cor
poration would ultimately collect the
money from the people of the coun-
try and laugh at the punishment |
sought to be imposed upon it. To |
have given the particular official |
who offended against the law Of the !
land penitentiary sentence Of a year
or more, would have been real pun
ishment, which he could not have |
assessed against the consumer OF the |
product they market. But this enor-
nous fine proves punishment to
The people of our country IN two
ways:
First. 1t startled the whole finan-
'ial world. It said to every man
md woman on earth who has a dol
ar to invest in the securities OF
American properties, that there is
oower vested in somebody to an
lihilate the assets of any business
'oncern in America, no matter how
treat that volume of assets NAV be,
nd this fear of annihil ation abso-
utely DESTROYED the confidence of
he investing public in every busi-
less enterprise Of the United States.
hey say to themselves if a twenty
ine million dollar fine may be i'm
osed cOnfiscating the assets of one
orporation today dozen fines may |.
g imposed tomorrow and there be
0 end OF destruction of business i'm
erests and enterprises.
Inspiring confidence in the peo-
le IS not question of the enforce
lent of criminal law When Cor
oration violates the law, that viola
on is necessarily the act of some
ldividual officer of the corporation.
Ee say, punish that offending officer.
five years sentence in the peni- !
entiary would have accomplished
ore good than a twenty-nine mil.
on dollar fine end the real offendes !
ould have paid the penalty and
lblic confidence would not have {
zen strained in the least. Some 1
her officer would have taken his i
ace, thus the gap would have been !,
lied and the world would have
owed on and the personal punish I
ent of the offending officer would =
i've deferred others from law =
'eal1ing in tho future You can 4
ok wherever you please for the =
use of this senseless and uncalled :
r panic. You viii trace it back g
this nonsansieal conduct of rad b
ii and spectacular government 81
III can look for immediate relief q
lerever You please When YOU tire @
looking elsewhere. you will agree 1t
tn me that the quickest road to
ancial relief is. close the New
Drk Stock Exchange and free the ii
rrency that IL dominates and turn m
into the channels Of legitimate M
mmeree. es
Finances.
We are today confronting a con. =,
ion in the financial affairs of our ~
lntry that fully iussifies NE TAX 81 8.
I & few moments Of your time for
lsidefation. The fnanciers fully 9S
ow AT all times that the volume vi
our currency is 50 small compared ~
.h the volume of financial trans ah
ions that necessarily commercial ).
siness . our country is a question ~
confidence. Our circulating me- iii'
IN is sach snail per cent Of the %
ume of financial transactions that de
lhdeDce must give value to an lF'
ificial meiirm, and whenever the tft