New-York tribune., 1907-06-07

against the railroads is IN part due to the fact
that they are paying dividends IN tne
shape OF taxes upon two to five times what IL
would cost to build the railroads now Ana ne
cause these roads there the farmers cannot
get new ones.
I want to take this occasion promptly and
very freely to commend the President for his
eTorts. 1t does not make any difference that
we do not belong TO the same political party
am very glad that he has seen fit TO take
advantage of the plank that put in our plat
FORM. Well II was made for use, and am glad
that some one was able to use it, and to assert
that any one may use it who can. The Presl-
dent is right.
This is good chance for me to tell you that
feel that the people of this land, East or West,
though l speak more closely for the latter, will
never deal unjustly with the railways as the
railways have dealt unjustly and wrongly with
them.
THINKS ROADS OVERCAPITALIzED
Latterly the President has said that we must
nnd out what the railroads are worth. The
roads respond by saying that they are not over
valued The Western farmers object to paying
taxes on all kinds of stocks to be used for in
discriminate speculation. I fear that if the
PRESIDENT now holds that the railroads not
overvalued as 1 believe he has stated, that
statement is inaccurate.
BUT II the President is right, the roads ought
not 10 hesitate to have a valuation made. The
people nave right to know if they are paying
700 thuch or not and If the value of these
roads on paper is less than the value of the
roads upon the ground.
thlng which desire to rise here to deny
with all my might for the people. of whom l am
one, is the charge that the people have con-
nScatory intentions upon the railroads There
Is no effort among them to indulge in conis-
catory effort That is not their temper. Those
VINO would be confscatOry those who rob
the people Of hundreds of millions in the
or high finance. l am not willing that the
charge OF confisCatiOn should be laid against
the toling masses of the land.
MY final word is that l think I can see a
change coming this country. 1 believe there
is an ethical stirring which is more than a ma
Llonal movement. The feeling-and it is a new
AT her iS 1ath inp
more than mere money making. 1t is that
money after ALL is not the end of life: 1t is the
agency by which life Is to be improved. 1 met
wagner, VINO wrote THE Simple Life" and it
surred my heart when he told me that that elo-
queht appeal had a more wide circulation in this
country than in any other land.
NOW you may ask me how much money is
man TO have. So long he gets ii honestly
any amount up to the time his money takes
possession OF him. Then he has too much
ana now can man get money honestly? Only
DE giving society something in return for that
"hiCh a man takes In the case Of an inheri-
lance 1t has usually been paid for to society
Dy the man who got it, II will be high stand
ara OF honesty when men are as scrupulous
ABOUT giving to society as getting from it,
peIeVe we are in future and more TO
scrutlniZe methods of money making
nave seen the time when l would hesitate to
say that Tor l thought that the business man
III PoiItlcs' from my standpoint, was in such
uehse ignorance that. from my standpoint II
was impossible for him to do right