Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-01-25
SEES GOOD IN TRUSTS
Chancellor Day Declares Regu-
lation of Capital Deadly.
LABOR INTEREST IMPERIIED
Persistent Attacks on Cooperation Re.
act on Public
'-'"'
SIMPLE LAWS ARE SUFFICIENT
Men Who Are Excited Over Big
Combines Will Later Be Looked
Upon as Instructors.
LABOR INTEREST IMPERICED
SIMPLE LAWS ARE SUFFICIENT

NEW YORK, January 25.-Chancellor
James r. Day OF Syracuse University made
characteristic speech last night at the
banquet of the Manufacturers Association
at the Union League Club Brooklyn. He
said:
No individual can use such capital or
furnish the executive ability for such
achievements as the times now demand.
Men must be incorporated and money
massed into thousands of millions for such
purposes. And 1t is folly to expect to re-
verse it. The man who is shouting himself
hoarse over trusts and corporations and
swollen fortunes will take his place in
history with the men who smashed Ark
wright's loom and Whitney's cotton gin and
the pamphleteers who ridiculed George
Stephenson's locomotive
But we are told that there lis, no dis
position to destroy the great forms of bust
ness. but just an attempt to regulate them.
1t makes little difference whether You de-
stroy them by direct enactment or regulate
them to death. We will make a public SEN
timent that will encourage every man who
attempts to mulct them; We will SOW
dragons teeth of hate in every corporation
plant. among the working men, will
brand every corporation aggregation Of
capital and corporate wealth as an~octopus
or criminal corporations: will talk of
predatory wealth, a silly Jingle of words. "'
We will urge upon careless thinking
people that wealth is grinding them and
that corporation is synonymous with ty-
ranny. oppression and gigantic theft-thrift
and theft meaning the same thing, and then
We will smile upon our breasts Enthusiastically
and say: All. no. we do not oppose the
natural and proportionate methods of the
twentieth century. We want to regulate
them only
wickedly taught by the agitators of various
types-that corporations have for their
purpose the robbing of the people and the
oppression of the poor. business will be
obstructed and the people will suffer q
severe penalty of their folly.
People Have to Pay.
"Such attacks. persistent and unreason-
ing, are not only destructive. but the peo-
pie have to pay for the damage. They pay
1t in increased price of the commodity if
not in decreased wage.
1.-The mechanics and workngmen's in
terests are being imperiled by a spirit OF
rampant investigation and business perse-
cution today far more than are those of the
great corporation
THE reason given for attacks upon cor
porate business is that it brushes out the
individual and makes 1t impossible for
smaller forms of business to. flourish. In
this statement it is assumed that this Is
evil. But we contend that it may be. and
for the most part is, a positive good. The
big ship swallows up the little ships and
the dangers and diScomfOrtS of the sea; the
big trunk line absorbs the little railways
and tickets you through. Twenty little
shops or stores fighting each other al loss
appear in grea. "''ory with profits
Men incor Ted and the man of a
small business becomes the superintendent
or manager of millions of invested capital
Instead of gripping the individual the
porations have promoted him. -. -
1T is a piece of insolence for the indi-
vidual to insist that the corporation shall
be disbanded because 1t sells me goods
cheaper than he We cannot change
the order of things. The law of human
progress is not statute to be revised by
Congress. Do you think that men who
have to have opportunities made for them
by removing other men out of their way
are going to use their opportunities after
they are made for them?
This new doctrine that you can legis-
late unsuccessful men into success by leg
islating successful men out of success is a
piece of imbecility that does injustice to
our twentieth century:
What the Rich Do.
, at is argued that rich men receive more
from the government and therefore should
be taxed more. But rich men do more for
the country by developing and extending its
commerce over the seas, by opening up ter
ritory by providing vast employment. ~~""
I'VE want a few plain, simple laws that
help men in all kinds of business to re-
member honesty. -f 30 --'-~~ -
"Our corporate forms of manufacture and
and commerce are in their infancy. We
are making ourselves laughing stock for
coming generations by our panic over the
magnitude of present enterprises. $50.
Gentlemen. the source of fear, which
cannot be exaggerated is the entrance of
labor unionsm into politics and its adop-
ton of socialism and anarchy as a creed
and doctrine. 1t is despotism which
threatens our democratic institutions 1t
clutches by the throat plainest and most
fundamental liberties. 1t makes the absurd
boast of having produced the wealth of the
world by the labor of the hand.
THE labor of this world today is brain
labor, and the hand toiler has the easier
job a thousandfold. Everybody will sympa-
thize with the organization of the working
men for the improvement of their condi-
ton But all men should resist the tyranny
which Expresses both business and free
American citizens who choose not to organ
ize.'' .,---. .-.., 49,