New-York tribune., 1907-04-19

sources they have lawfully acquired. seek 10 20
enlarge the field OF enterprise ana 10 alLoS a-.S
portunity Tor new ana nseini ta,-;ns account of
the evils that afflict society, attempt 10 P'
adequate remedies =. .,,a nros-
perity of this country. -, --bo
The first consists OF the unscrupuions, "r4 S
have no sympathy with democratic laeals, Is,ed 1isd
who, by their abuse of the privileges, a oo1se 20
from the state and their cynical lIlullAeLS Iluont
public obligations bring law ana government
The second class consists Of those who seek
profit IN unprincipled agitation. .,aa 1r
The second thrives upon the eVlis CIea'eU ~
the first. -
Now. the great progress Of the country. SO
strikingly exempifed in this favored city t IL1us
give us pause Business and commerce must
have stability. but they cannot hnd X ~ unless
the public confidence is maintained Ihis ms hea,,S l
efficient government and adequate pubic Iesu-
lation OF public service. There IS 10 hieasuIo
more truly conservative than that Whch Noti- u
nands the public respect, as conserving liie
public interest Favoritism in pubic ssi ii5
iniQuity that the people VIII moi aho Sii"uLtt
not tolerate; it is an eyil which the g Trb
men of the country are determined 10 end- Inc
public are entitled to be assured maj tiie @ -.
ness which is conducted by virtue or the liaii
chises they grant is conducted as the puplI0
interest requires They desire extensions or IA
cilities; they wish encourage peIlerlleilIs' h'
they have no inclination to hamper , nuusoiS; ,s
but they are tired Of financial JuesieIg, @ alu
they demand proper service. There is no feasOh
why those who are endeaNorlng TO meet A'iiI -
public obligations should surer Dy the ihPLofD'
practices of others engaged IN the SAINT t,,
ness. The remedy is TO provide such 1 re .1,,t
OF public service as w.N assure the Peope ~, .I
provision has been made ior the lilN S.;II
OF every question and that each malter WI
be decided according TO ats merits IN the Nsi'
OF day. -. uo,
the maintenance OF the highest STANDARDS ol
administration in government and not 10 tots 's
ate any prostitution Of public once 10 selIsii
DurDoses Now I have confidence in the people
And I have no confidence i'm those makeslII.S n
which result from distrust OF The people. go DIt:
whether you have confidence or not IN pop 10
Judgment let me assure you that in tnls couil-
try II is idle to inveigh against H. You muSt m =;
abide by it. And the security OF buSlhe9S ~ =, ~
che rroVision of adequate means for respohslpie
government. in holding officials strlclly 70 a.
count for their performance OF duty ol anu "a 90
compliance on the part OF those in charge OF
our great business enterprises with the OBVIOUS
demands Of justice
vICE-PREsIDENT BROWNS SPEECH.
Yice-President Brown said, in part:
Money for the great Improvement and extension
improvements made at all must pc proN ,3ass 80
the money for me Grsl'a y private capital;
and n order 10 secure the vast amount oI
Teauired the Investment must be made reasonao4y
attractive and secure. ,., .i,1,
In a business Of this magnitude deyelopeG to1b %lfi.
the rapidty with which this has grown IN
ing from ocean TO ocean ana from ne H. CauIl D an re
Lakes, attemptns-as me IallIoaDS ISia 5iffersnces
and disadvantages confronted by new and comPleN
oolio,r~ii1 , Tlay,d a. nave heen marvellous if many
aud very serious mistakes should not nave Deeh
IN the magnitude of the transactions and in the
rush of construction and reconstruction II would
have been Strange indeed if exceedingly grave evils
and abuses did not develops but is II unreasonanle
what they have accomplished, by The character OF
q very great majority OF their sharefolders dlrec-
tors, officers and employees ratneI man p4 s!ie
paratvely few wronsdoers and by Tie abuses ana
sils which have cre1 IN, eur MllGh stad9 y a. ii0lsu
If the development and the extension Of the ma
last ten years may be accepted in any respect a
measure OF progress 10 be made during me con-
expended In increasing the facilities OF existing
aFpsos & sn9 ~ PuGhg r aGeG 5 esiv ears sncs
the beginning of the construction OF railroads IN
Unless assurance can be had. not OF condoning
sErongdoing or ~inIing az abuses but OF friendly
and Legitimate manner against oppression and in
3ustice, OF such guarantee as the government can
give OF protection from legislation which will pre-
vent earning reasonable return on money invested
general prosperity which Investments Of tfis char
e.ss ao ln plo5nohg, y Is gong % oe lIpossDle
for such improvements and extensions,
sary irnpro1en1ents have been stopped and win
not De undertaken until restoration of confidence
be had. which VIII make II possible 10 float
large Issues OF railroad securities. both At home
For the purpose OF securing this necessary res
b1s1e Srson 2I 9 & ~ Sges G 70 ne Ihe great
the railroads in an appeal for cessation Of agi-
Etrfctive legislation. until these great interests
mutually interested they are in the prosperity
and development 0f the resources Of the nation,
can adjust themselves 20 these new conditions
II is doubtful H. in the history Of the United
States and upon any great national question or
rected by the President il has in the cOnsidera-
ZION Of and attitude toward great transportation
interests of the country. This powerful influence
has been eKerted feaTessly and forcefully in cor
reetipg abuses by the railroads; and believe #
in protecting the railroads from injustice.
hope and hrmly believe that such legislation
the public served by the railroads and rail-
roads. / believe the railroads Of the country az
q whole have accepted this legislation in good
faith and desire its strict and impartial enforce,
am firmly and unalterably in favor Of the regu-
lstion Of railroads and all other corporations by
corporations and have the lndoubted right 10
regulate them. would not. il I could. materially
change the laws thus far enacted by Congress
would regard any material backward step in the
principle of railroad regulation by the state or
nation as mistake both from the standpoint Of
the public and the railroads. but I firmly con-
WINGED that while the railroads should he subject
20 governmental supervision such supervision
should be planned IN a quiet hour and not IN one
OF angry excitement
The appalling blow 20 the credit Of our railroads
Is not much the result Of what has been done
aE from the manner and temper with which ii has
been done and the fear Of what may follow.
The business Of the railroads should be as open
and public that Of the national banks: rates
20 all This and this alone will fully and finally
restore confidence ana promote that Industrial and
commercial tranquility so necessary 10 permanent
national prosperity
This 1 believe 10 be the basis upon which the
railroads desire 20 see this great question settled
ard 20 this settlement may well be directed the
earnest. unseis and patriotic effort OF every cti-
zen who loves his country and seeks her welfare.
YIcE-PREsIDENT THAYER's SPEECH.
vIce-Presldent Thayer spoke in part as fol-
lows:
shat basis is there in fact for all this Criticism
o. railroads which is pouring out from many OF