New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-21
CLEWS HAS A REMEDY
Would Distribute Wealth to EN-
plOyeS after Preceding for Heirs.

Henry Clews spoke before the Manufacturers
Association. Of New York at the Phenix Building.
Court and Montague streets. last night His topic
was the negative side of the question rs indi-
yidual and corporate wealth a menace 10 our
people and republican institutional" He as
serted that the corrupt OF wealth was excep-
tonal. and declared that laws could curb ell the
menacing tendencies that have appeared Rich
men were the salvation Of the country at the time
of the Revolution and OF the Rebellion he said and
they had continued 10 help the race rince
He proposed to have law distribute wealth
TO worthy employees when the families of the rich
had been provided for, after their deaths. "A man
has failed the country In need" he said
and at this time. Theodore Roosevelt, honest
and fearless arisen in the nick time 20 check
corporate and individual misuse OF wealth" Mr.
Clews continued, IN part:
1t is gratifying observe that our people have
always taken time TO consider the problems OF the
times before acting. An interesting and important
question to-day is whether great individual and
corporate wealth is menace. Economists have
always disagreed over the definition Of wealth For
worldly possessions 1t has always been tho tend
ency Of man 10 aspire TO wealth and higher condl-
In country the result Of the aspirations
the most marvellous growth recorded by history
Americans do not, hoard their wealth-they employ
Sources m suynF 6 h d11ny and in developing the re-
We can Tefute much that has been said against
our men of wealth. The usefulness of these men
has never been appreciated Shall we ever forget
Jefferson, John Hancock James Madison. Robert
Morris, George Washington. ali captaIsts-did in
Colonial times? At the time OF the Rebellion when
the government was in financial distress the
wealthy men came to the rescue. We all know
how Senator Leland Stanford bestowed his wealth
In founding California university and that John
ID. Rockefellers money built the Chicago Univer-
sity. might mention without number OF
where the seeds Of education have been sown
broadcast from Maine to Texas by the rich.
BrlghteSt among the galaxy OF phanthropists
shines the name OF Andrew Carnegie.
A great amount Of wealth in the hands OF one
man enables him to direct II in philanthropy and
business in way that Will cause it to be OF the
greatest value in advancing the welfare OF the
country. The cry OF tainted money very often
causes the spirit Of the donor to be moderated.
While we now have billionaires. tho poor are
growing richer and the list Of taxpayers longer.
There need be no fear for the institutions OF our
country by the wealth OF individuals Great cap
itallsts are usually selfmade they are usually
men OF great character well OF great ability
Ihelr wealth may be abused in the hands OF heirs
Lsws could be passed to prevent such abuse
corporate bodies are often managed by irrespon-
slbIe directors In manner that makes it's wealth
menace: II is here that the law has steppeS in
ana no doubt the enforcement OF the laws wifi
eliminate the dangers " "' WIN
!, ne remedy Tor corporation Wrongdoing is found
m Punnnclty,, The legislature should pass laws
eccountlngs. ~ 'iA'''