Daily press. [volume] (Newport News, Va.) 1896-current, 1907-03-19
President WIOn Of Princeton
Delivers Strong Speech al South
Carolina Society Dinner.
hADNEss FOR MONEY PREVAILS
Country crazcd to Do Business on a
Colossal scalc-By Our Foroetful.
ness We Have Made Distinction of
cIasscs posslbIe-An Old Fashioned
Equality Is What We Need.
tBy Associated press.)

(By Associated Prcss.)
NEW YORK, Mar. 1S.-Thc South
Carolininns of New York gave their
first annual dinner ut tho Waldorf.
Astoria tonight with former Secretary
OF the Treasury Leslie NJ. Shaw.
President Woodrow Wilson, of Prince.
ton, and Judge Joseph A. Mccullough
OF South Carolina, us the prominent
speakers. President Wilson had for
MS subject "South Cardinals Most
Famous Statesman, John c. Calhoun"
and after paying tribute to him. Mr..
wilson discussed national matters,
he said in pnrt: 1T is interesting
10 note how often progress pushed to
such speed and urged by such
means that peace of the country Is
threatened and It's interests thrown
INTO discord. Our trouble at the
present moment is that the tariffs
and all special means of stimulating
nave been pushed too far and too fast
10 Inc destruction of balance and hnr.
mohy III the social and economic de.
velopment of the country.
We are obliged to acknowledge that
we nave lost our heads in our pur
suit Of wealth and material power.
A moment of self distrust or rath-
er distrust of each other has come
upon us. We are Disconnected and
hemoralized beyond measure. disgust.
ed and therefore sndly In need of
snci counsel as shall seek to restore
oid balances and hurmonles and mod.
Grafton of action.
Having lost wise self nossossion
IN our too eager progress we are In
danger OF losing it in our efforts to
REFORM. We have stimulated material
progress in every way tnat we cou,u
lhink OF. The chief instrument of
summation has been the tariff.
Tariff Largely to Blame.
Ivy this means it was sought TO
give TO every sort of organized indus
ny some special protection of law.
ohlil recent years the momentum
'hus induced seemed TO threaten
hothins. But at last everything mov.
Gu win 2 rush. by leaps and bounds
opoh colossal success followed colos
sai organization. a spirit of madness
lof success upon II great scale seizeu
upon those who actually conductor
lhc great business and knew how 10
make thenl pay: madness for money
seized upon those who rndertooi;
their manipulation"
we have OF our own forgetfnlpess
OF NE true principles of legislation
created classes and put colossal in
teresiS Mt class alone. BY our blind
cohtrivinS We find we are invited TO
aitcr NE whole plan of our constitu.
,iohai systems to set matters right
we are invited 10 push government
INTO every experimental function in
oraer to correct the vagaries of dc.
Veiopment winch We fostered but an
not understand
ut will require steady hand ,na
clear head to go to the root NJ
Tie disease, but TO the root we sbouId
so. 1t is evident in the first nI,ce
'hat We ought not to punish prospcr.
gus men for having accumulated the
wealth we invited them to accumu.
,ate. ! beiicvc in income and inheri-
'ahce taxes as means for raising rev
enue. But | do not believe in sucn
taxes or any taxes as q mere means
OF penalizing the rich whom we have
invited TO get their wealth under the
losterage of the government. The
,oot OF inequality is not In wealth,
- opcCHti luNOfS granted nv
such legislation as the extrayacant
tariff laws which have been put upon
our statute books since the war be.
San between the states.
What Country Needs.
What we chiefly need is GEM.
me pure reform and sufficient SELF
possession to undertake It, The gen
n'ne purpose cannot come from
friends and beneficiarics of the legis.
lation OF fosterage and privileges: it
must come from those who are not
us friends, but its convinced and ear.
nest opponents. We must get over
orr hystera. The mere reform of tho
,arif is not sufficient The tariff is
by no mearfs the whole root Of The
diliiculty. and is slow to change.
EVERY correction must he process
OF adjustment or prudent rearrango.
ment. Moreover we must be careful
10 deal frankly and without favor
win class privilege of all kinds.
There is another as formidable
enemy to freedom OF operations and
IL is q class termed by the labor or.
CARNATIONS and leaders OF tho com.