The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-11-10

Ssuae Plain Reasons why Nc gAOuld NSa ms
Put N Mr.. ROoseveaNss HANDS.

Hguao RnR1m Bonbonn why Ue EbOuln Mga Mg
~ N mn. R~OeseveRt's HANDS.
To. EMn EDIrOS or TEE SUN -Sirs Thses
arc only two Ways by which q man comes -
understand buNness: By instruction or By
praCtACa. President Roosevelt has newer baan
IN . pOeitiOn to profit By either. He Vas
eduCated &C Harvard University. which never
yet undertook 60 give instruction IN business
OF finance. and he studied the law for q time.
His grandfather was q prominent business
man and very snCcesaful. but although people
inherit capacity they never yet inherited
knowledge. h fact that his grandfather
amaNsed what was FOR his day a very large
fortune precludcd the necessity OF the Prssa-
dents learning business In a way that most
young men are forced TO learn IL. by taking
a low position and working their way up.
But he never expected to engage IN business
enterprises and he never did.
He learned hunting by long continued
p~ractiCe. and he knows something OF ranch
ing because he worked on his ranch. Politics
he understands thoroughly. because IL has
been his life work. an AssemblymRn. Police
Commissioner. Assistant Secretary OF the
Navy and Governor before be undertook
the Presidency. A single campaign as sol
der interviewed. but in all his career he had
no instruction or practice In business or
finance. and consequently no opportunity Of
acquiring practical knowledge. Every great
railway president learned his business by
hard. long practice before he rose TO high
position. and therefore his views are iIlumt-
mating. But what sensible man would invest
his earninEs In a railway managed BY q doc
tor. In a cotton mill under the control Of q
musician. or In an electric light company
whose managers were all gardeners?
Precisely a. IL requires FIRST education and
then practice to make q successful soldier or
sailor or doctor OF lawyer. so H. IN with regard
to business and finance. To rule So.OOo. OoD
people: to appoint q small army Of officials.
the performance OF whose duties IL Of vital
Importance TO the welfare OF every citizen:
10 sec that all Federal laws are executed: 20
he Commander in Chief or the army and
navy; to control our relations with all foreign
countries who could sigh for more worlds b.
conquer when such opportunities were open
10 hin2 But when Mr.. Roosevelt had hlled
the Presidential chair for a few years and had
become a convert 30 m ost OF those Populistic
principles which 10 WAS supposed the second
defeat Of Bryan had completely discredited
he made a startling discovery. IL was not
that corporate abuses should be rectified-
that had been provided for by statute years
oefore-but that all great corporations should
be brought under his own control instead
Of being left under that OF their legitimate
managers.
in one Of his latest public pTonunciameutoa
Mr.. Roosevelt goes 50 far az To say The chief
economic question Of the day In to provide q
sovereign for the great corporations engaged
In interstate business That this sovereign
must logically he himself In made perfectly
clear because in the same speech. after very
bitter attacks upon the railways in general
and references TO the insolent and manifold
abuses which have so generally accompanied"
their control by their own Oficers, he adds
-Only thus can We secure their complete sub
lection to and control by a single sovereign.
representing the whole people
h same speech points out that all the
great corporations In the country are now
interstate. and my contention In this: While
no man living Is fitted to discharge at the
same time the duties of sovereign over one Of
the greatest nations in the world and those
Of sovereign Of all the most important cor
porations within her borders, Roosevelt IL
peculiarly united for the impossible task.
as he has no practical knowledge Of finance
or of any one OF the great business interests IN
which his subjects are engaged.
Far he IL from me TO deny that hourishing
the Big Stick and sledgehammer. beating the
big drum and attacking capitsl and capital
ists in terms Of imprisoned eloquence fail Ca
Insure popularity. BryHn's popularity wa
50 great that IL has survived two disastrous
defeats at the polls. and precisely those sec
tons OF the country which shouted most
loudly for Bryan are those which are insisting
most vebemently that Mr.. Roosevelt should
violate his pledged word by running for a
third term.
The most obvious difference between a
statesman and n dema gOgue lies in the fact
that a d~emagogue need never he unpopular
unless he chooses to become 50.
NEW YORK, November 0. BUSINESS.