Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-05

TO 1t. according to your best endeavor
that the policy Is accepted as perma
nent. as something 10 be ~pgrseYere'
in because of the interest Of h who'll
people. and without regard to an,
possible political changes.
Before closing let me say a wOr,
upon the subject of the regulation o.
the railways by. congress under th'
interstate n clause OF tn,
constitution. In my Judgment tn,
old DAYS Of happy-go-lucky indiffer.
ence on the part Of the public 10 The
conduct or the corporations have
passed. The American people ba.
made up its mind that the conditions
OF modern industrialism are such rs
imperatiyely "a. demand supervision in
the interest OF the people as "A whole
over these great corporations. Most
em~phatically we should do fun Justice
10 them: hut in return we should
exact Justice from them To- the pub
lie. Some OF them have become 50
habituatcd to d%isregarding everything
hut their own wishes and Interests
that the effort 20 establish a proper
supervision over them has aroused on
their part a c%uriously unreasonable
antagonism. Their spokesman do not
seem to be aware that i'm what we
have been trying TO DO we have not
been improperly radical. using the
word in its right sense. We have been
conservative. We have merely taken
the first steps In a policy which must
be permanent Il our democratic in
stitutions are to endure, while, as a
matter of course, we must also keep
ever in mind that 1t is exactly as in
furious to true democracy to infliek
as tamely to suffer wrong We can
no more tolerate Injustice TO the rail-
roads han injustice by them: one
course Is as immoral and as funda-
mentally mischievuus and injurious to-
the people as the other.
In the matter Of supervision Of the
great railway corporations we are
acting as all civilized governments
have already acted or are ON the point
of acting. The unrestricted issue Of
railway securities without any super
Vision, and under circumstances
which often result In the gravest
scandal. should not be permitted. and
only by governmental action can II
be prevented. II Is already thus pre-
vented in England and Germany. for
Instance. In England the first royal
commission Of railways Of which that
great parliamentary and popular lead
er, William Ewart Gladstone. was
chairman, set forth as fundamental
the very principles which here have
at last been enacted into law. or
which. as ! firmly believe. will speed-
lily be enacted. or course. in any
movement like this In which we are
engaged. in any movement look
ing TO the regulation Of vast corporate
wealth engaged in Interstate business.
and TO the cutting out of am abuses
connected Herewith. there will M
times he suffering in which, unfor-
tunately, many innocent people viii
be involved. But such suffering Of
innocent Is unavoidable i'm every
great movement of life. Able and
INSCRIPTIONS men are sure to de-
reive certain innocent outsiders and
persuade them to invest In ventures
lnder conditions which render loss
certain when the force OF the law Is
asserted. / am exceedingly sorry for
.hese innocent people. but &c IS not
possible. because of them. 10 refuse
% proceed against the men who have
them. II is lust such "a
as would occur il an unserupu-
man with counterfeit money Wis
ted some remote village. spent his
money, n then disappeared. The
Ocal inukeeper and livery stable
Keeper, the shopkeeper ana the neigh
lortng farmer. would an have been
ictimized. they would have lodged
fed the man, have supplied him
With goods from the store and the
have hired horses and wagons
% him, and I'm return would find
themselves loaded with counterfeit
money, II, under such circumstances.
be government found out what had
.appened IL would have no alterna-
save 10 stop the circulation Of the
ounterteit money, though those pos
esstng IL were innocent. 1t would of
curse. try 10 secure The conviction of
he thief, but II he had escaped the
lrisdiction OF the law. IL would new
be impossible TO let his lnno-