The Montgomery advertiser., 1907-11-21


 assf the St1y o esD. RsS s scented in the country today--and that is saying .. great deal considDrin9 what politicians have done eisewhefs plar in Washington, to render the value of corporate securities nebuious and their appeal to investors nothing.
 As we have said. Governor Corners railroads m as fast as the Aiabsms Leg islature can do 1t. with due regard to the formalities of parliamentary pro- cedure. If the bills that havr. been State to operate at even a minute mar gin of profit an intention to allow such result does not appear in them Indeed the heavy penalties that have from testing the new measures in court before making them effective bespeaks a contrary purpose--and these bills are all the rapidity which Governor Conner could desire or require. Nothing has interfered with, hampered or impeded the joyous task of teaching the rail- tsry lesson that in Alabams at least they are wholly at the mercy of the politicians than which nothing could possibly be more effective in keeping tiles fer evermore. Business. of course sought to interpose The bus mess men of Montgornery met last week and protested plaintiveiy against dence at this timss and a meeting of business men from all over the State twas held at Montgomery on Tuesday of this week which urged the lawmak- ness rather than tho demands of Co., mer, but the Legislature most impressr fvely taught business it's place. While these manufacturers. nerchants and and after they were through. the Leg islature went on passing the measures that Conner wanted thus affording q striking Illustration of the truth of the the New Haven Railroad made before tke National Grange at Hartford on Wednesday,: Business could go to the dogs: Political necessity needs no ob- pioyed in the realms of higher poii- tics cannot be harrassed by the com monplace cares of business earning a livelihood. or even understanding the process. Perish the thoughti" .(
 There may be those disposed to crit fcise the Alabama Legislature as being too subservient to Governor Conner, but there is every reason to believe that 1t is showing what is emphatic unquestionable ract that the present spreading wreck of credit in all direc- tions began with the extensive execu- tive and legislative reids upon the rail- roads of the country. which were i'm spired by contemplation of the tower ing prestige gained py the Great Rough Raider. 1t must be Sldmitted that in pressing their share of the work to . triumphant conclusion and accomplish ing. so far as in their power lies, the utter demolition of credit in Ala bama, the Alabama legislators, no less than Governor Conner, show that they have the right idea. With banks sus- pending, discounts being shut off mer- cantile and industrial enterprises go- ing into the hands Of receivers, the wages of labor being lowered tdeSpite workmen being thrown out of employ ment hx the thousands here, there and all over, while curious forms of money are creeping into circulation as evi. dence of the stress and strain imposed upon the industriai organisation. the perity, which began with the assault upon the railroad credit. Is obviously so near. that a few good hard blows in the right direction, which is plainly the direction in which the raid began. will probably finish the job. and the mer are the boys to help do t.
 This good example of keeping 1t up to the bitter end will doubtless not be lost on Congress when it comes to meet next month. nor on the other State Legislatures when their regular Those who feared that the raiders might be Inclined to rest on their lau- rels which they had already won. or deterred from further excesses of en- thusiastic endeavor of the thought that they had done damage enough. spectacle presented by Governor Co., mer and his merry men.