Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-04

which. because Of their peculiar posi-
ton, offer the most immediate ane
urgent problem. The American peo
pie abhor a vacuum, and is deter
mined that this control shall be exer
cised somewhere; it is most unwise 70.
the railroads not TO recognize this ant
to submit TO Il as the first requisit,
Of the situation. When this control i
exercised in some such fashion as il E
now exercised over the national banks
there viii be no falling off in bushes
prosperity. on the contrary, the
chances for the average man to dc
better viii be increased. U~ndoubtedE
there VIII be much less opportunitt
than al present for "a very few indi.
viduals not Of the most scrupulou
type 70 amass great fortunes by spec
ulating in and manipulating securitie
which are issued Without any Kind Of
control or supervision. But there vii
be plenty of Don left for ample le
climate reward for business genius
While the chance for the man who is
not a business genius. but who is o
good, thrifty, hard working citizen
VIII be better. ! do not believe tina.
our efforts will have anything but 2
beneficial effect upon the permanen
prosperity of the county; and. as o
matter of fact, even as regards an.
temporary effect. ] think that any
trouble is due fundamentally not l.
the fact that the national authorize
have discovered and corrected certain
abuses, but to the fact hat thos
abuses We're there to be discovered.
think that the excellent people whF
have complained of our policy as hurt
ing business, have shown much tn
same spirit as the child who regards
the dentist and not the u|lceratee
tooth as the real source Of his woe
| am as certain as ! can be of any
thing that the course we are PURSUING
Will ultimately help business: for tn
corrupt man of business is as great
foe 10 this country as the corrupt poll
tician. Both stand on the same evi
eminence OF infamy Against both i
Is necessary TO war: and IF. unfortu
nately. in either type of warfare, a few
innocent people are hurt, the respon
sibility lies not with Us, but with thos
who have misled them To their hurt
This is a rapidly growing nation
on a new continent, and in an era o
complex, and ever-shifting con
ditions. Often IL is necessary TO de
now methods of meeting thes
conditions. We must regard tn
past, nut we must not regard not
only the past. We must also think o
future: and while we must lear
by experience we cannot afford TO pa,
heed merely to the teachings OF eX
Derience. The great preacher chan
ming In his essay on The Union
spoke with fine insight on this yer,
point. In commenting on the New
statesman cabot, whom he
admired, he said thai
nevertheless ''he had too much o.
The wisdom Of experience; a.
what may be called the
wisdom of hope" He then con
.inued in words which have a peculiar
fitness for the conditions Of today
We apprehend hat it is possible tc
make experience too much our guide /
There are seasons In human affairs /
II inward and outward revolution |
new depths seem to be broker |
lp i'm the soul. when new wants are |
lnfolded ia multitudes, and a new
underlined good is thirsted for |
These are ueriods when the principles |
If experience need TO be modified |
when hope and trust and instinc |
lain a share with prudence in tho |
guidance of affairs, when in truth t. /
is the highest wisdom"
These sentences should be CAREFUL, |
'ondercd by those men, often very
God men. who forget hat construct |
We change offers the best method 81
.voiding destructive change. that re-
orm Is the antidote To revolution
nd that social reform is not the pre-
ursor but the preventive Of social
sm.