Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1907-10-03
PRESENT and FUTURE PROSPERITY.

Much of our space today is given to
the splendid address of Mr.. ingalls, be-
fore the American Bankers Associa-
ton, that has been in annual conven
ton during the week in Atlantic City.
1t is the speech of a man of intelligence
to men of intelligence-to captains of
fnance"-to men who study deeply
and view circumspectly the economic
problems of the day and the forecasts
of the future, as well as the policies of
government and the invasions of poll
ticians-to men the majority Of whom
fully realize their responsibility, that
upon their burdened shoulders, Atlas
like, rests the world, and with a hero
ism that is not fully appreciated and
often misjudged-but admirable never
theless-they delve and study and
stand bravely to the front, the real
Captains of Industry They know
that they are but instruments in the
working out of humanity's destiny,
and many of them would gladly cease
the struggle and take life easy but for
the fact that they feel that a lazy life is
a disgrace and that so long as they
have mental and physical powers they
must use them. The untitled talent
is to them the buried talent.
1t is popular today to attack the
great business leaders and corpora
lions. That seems to be the surest way
to ride into public notice. But behind
this policy there are lowering clouds
that have no silver lining, for they
mean retrenchment of industrial in
vestment and greater railroad develop
ment, which is essential to industrial
success.
There is no question that selfseeking
politicians are attempting to use the
legislatures and the courts to entrencI
themselves in political power for the
carrying out Of personal ambitions.
It is, indeed, to be regretted-es-
pecially at this time of industrial re-
naissance in the South, when better
railroad facilities are so much needed,
and which require Investments of large
capital to secure-that the course OF
some legislatures in dealing with the
1dI11Odoo las DOOA VI SuCH ii CAdIdCl0I
as to push them toward the region OF
hard times.
It can be hoped, however, that the eff
forts which are being made by cool and
sane heads to check the widespread at
tacks on corporations will be of avail
and prevent a period of severe retrench.
ment that would be trying to both capi.
tai and labor, but particularly to the
latter.
The interests OF capital and labor
are one-the success of the formel
means employment and the happiness
of the latter. The preaching Of the
doctrine Of hate of the former, there
fore, while it may meet the applause o
the unthinking aid sensation-Ioving
the untutored and the self-designing, il
calculated to destroy not only tn
prosperity of our common country, bu
a the foundations of our government
itself and work chaos in the end.
This is not the vaporing of mer'
fancy nor the rude alarm of a pessim
dst. The ARGUS is optimistic in tn
extremes; but when occasion require
it is aver ready to speak the word O
warning in soberness and in truth, an
what we have here said is written t
the speech of Mr.. ingalls,, which cal
ries it's own comment and appeal
to the intelligence of a patriotic pee
pie desiring to be just.