Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1907-10-04

l. IA q
arisen. II only our people as a whole
will realize what this emergency is;
for If the people thoroughly realize
| it, their governmental representatives
will soon realize it also. IN;
The national government alone has
sufficiently extensive power and .jur-
isdiction to exercise adequate con
troll over the great interstate corpora
tons. While this thorough superYi-
sion and control by the national gov
eminent is desirable primarily III the
interest of the people, It will also,
| firmly believe, be to the benefit Of
those corporations themselves which
desire to be honest and law-abid-
| ing. Only thus can we put over
these corporations one competent
| and efficient sovereign the nation
able both to exact justice from them
and to secure justice for them, SO
| that they may not be alternately
pampered and oppressed. The pro-
posal need be dreaded only by those
corporations which do not wish to
obey the law or to be controlled in
just fashion, but prefer to take their
chances under the present lack of all
system and to court the chance of
getting improper favors as osetting
the chance Of being blackmailed AN
attitude rendered familiar in the past
| by those corporations which had
thriven under certain corrupt and
lawless. city governments. ,Ss..
| The first need is to exercise this
federal control in thoroughgoing and
efficient fashion over the railroads,
which, because of their peculiar posi-
ton Ger the mo stimmediate and ur-
gent problem. The american people
| abhor a vacuum, and is determined
that this control shall be exercised
somewhere, it is most unwise for
the railroads not to recognize this
| and sto submit to ii as the first re-
quisite of the situation. When this
controll is exercised in some fash
ion as it is now exercised over the
national banks, there will be no fall
ing Q. in business prosperity. On the
contrary, the chances for the aver
age man to do better viii be increased.
Undoubtedly there will be much less
| opportunity than at present for a
| very few individuals not Of the mast
scrupulous type to amass great for.
tunes by specializing in and manip-
ulating securities which are issued
without any kind of control or super.
vision. But there will be plenty of
room left for ample legitimate reward
for business genius, while the chance
| for the man who is not a business
genius, but who is a good, thrifty,
Ihardworking citizen, will be better.
do not believe that our efforts win
have anything but beneficial effect
upon the permanent prosperity of
the country; and, as matter of fact.
even as regards any temporary eff
| feet, I think that any trouble is due
Fundamentally not to the fact that
the national authorities have discov-
cred and corrected certain abuses, but
to the fact that those abuses were
there to be discovered. & think that
the excellent people who have COM
| planned Of our policy as hurting bus
mess have shown much the same spir-
it asSthe child who regards the dent
list and not the liberated tooth as
the real source of his woe. Ss5s
@%%%%@%*#%~%@%%"#%
am certain as I can be of s.
= anything that the course we are :.
= pursuing will ultimately help {.
= business; for the corrupt man of =
= business is as great foe to this I.
= country as the corrupt politi- =
$ clan. & Il, sgg.. IA ~ (. ..
= tss@%%%*%%%a~%%**a
Both stand on the same evil emil
1 hence of infamy. Against both 1T is
necessary to war, and il, unfortunate
~, in either type Of warfare, a few
innocent people are hurt, the respon-
sibility lies not with u.s. but with
those who have misled them to their
hurt
| This is a rapidly growing nation,
| on new continent. and in an era
of new, complex, and ever.shifting
conditions. Often It is necessary to
devise new methods OF meeting these
new conditions. We must regard the
past, but we must not regard only
the past. We must also think of the
future; and while we must learn by
experience, we can not afford to pay
heed merely to the teachings of ex-
perience. The great preacher Chan
ming In his essay on The Union
spoke with fine insight on this very
point. In commenting on the New.
England statesman Cabot. whom he,
greatly admired, he said that neYer-,
theless che had too much OF the wis.,
dnfI1 nf nys1ors a., 81 i. = -, Z, ,,.y ~