The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-03-19
WOODROW WILSON
ON the TARIFF
Speaks ct South Carolina Dinner
III New York Last
Night.
SHAW ON THE RAILROADS.
Says Congestion Is the Rub.
Railroads Could Not Convey
y Army to Coast in 10 Months.

NEW YORK, March lS.--Thc South |
Carolinians of New York gave their |
first annual dinner at tho Waldorf
Astoria tonight, with former Sccre-
tary of the Treasury Leslie NJ. Shaw,
President Woodrow Wilson, of Prince
ton, and Judge Joseph A. Mccullough.
OF South Carolina, az the principal
speakers
President Wilson had for his sub
jcct south Carolina's Most Famous
Statesman, John G. Calhoun" and after
raying tribute to him, Mr.. Wilson dis
cussed national matters. He said III
part:
n 1T is interesting to note how often
progress Is pushed to such speed
and urged by such means that the
peace of the country Is threatened and
Ats interests thrown into discord. Our
trouble at the present moment Is that
tariffs and all special means of stimu-
lation have been pushed too far and
too fast. to the destruction OF balance
and harmony in the social and eco
nomic development of the country. We
are Obliged to acknowledge that we
have lost our heads in our pursuit OF
wealth and material power.
"a moment of sclf-distrust, or
rather distrust Of each other, has
come upon us. We are dis
concerted and dcmoralized be-
You'd measure. disgusted. and. there
fore. sadly innecd of such counsel as
shall seek to restore old balances and
harmonies and moderation of action.
Having lost wise sclf-possesslon In
our too-cager progress, we are In dan
ger OF losing 1t In our efforts to re-
form.
1--WE have stimulated material pro-
rrrp in cvr xvn, N tpn MI N
OF. The chief instrument of stimula-
tion has been the tariff. BY this
means II WAS sought to give to every
sort OF organized industry some special
protection of law. Until recent years
the momentum thus induced seem to
threaten nothing.
Madness for Success.
But at last everything moved with a
rush. by leaps and bounds. Upon CO.
lossal success followed colossal organi-
cation. a spirit or madness for success
upon great scale seized upon those
who actually conducted the great bust
nesses and know how to make their
pay, madness for money seized upor
those who undertook their manipulation
I'VE have, by our own forgetfuncs.
OF the true principles OF legislation. ere
atcd classes and put colossal Interests
mt clash with one another. These change:
OF our own blind contrlving have car
yied us 80 far that We are actually In
,ited Ia alter the whole plan OF OIL
constitutional system to set matter
right. We are invited TO push govern
ment into every experimental 1uncuo
in order 10 correct the vagaries OF de
veIopment which We fostereh put did no
understand.
..1t WIN require "a steady hand an
"a clear head to go to the root of tn
disease, but to the root we should &c
IT is evident in the first place tina
we ought not to punish prosperou
wealth we invited them to accumu
late. j believe In income and inher
itancc taxes as means for raising rev
cnue. But ! do not believe In sue
taxes or In any taxes as q mere near
or pcnalizing the rich whom we hay
invited to get their wealth under tn
fostcragc Of the government. The roo
of inequality is not in wealth, D,
the special favors granted by sue
legislation as the extrayaSant tar
laws which have been put upon o.
statute books since the War betwet
the States
Shaw on Railroads.
Mr.. shaw in responding to, the toa
'.The United States" took occasion
refer to the railroad situation. sayir
among other things
.Men have been actually scared In
serious illness simply by being to
that they look sick and instances a
more numerous still where radio
cures have been effected by producer
IN opposite mental condition. The
have been recently given out nur
Der OF pessimistic interviews, and
Thursday last there occurred serio
local panic. the result of psychologist
and not logical causes.
mot until aDprellenSiOn OF dang
resulting from repeated predictions
evil leads to less acreage planted, le
raw material purchased for the fa
tories less labor employed and CT
taiment In consumption generally. \
we suffer commercial collapse Let
he understood that the man who inve
his money In railroad eSSension or
railroad equipment shall he as Sc
and as secure from the reckless am
ton OF the demagoguc on the other
the man who elects to Invest in ia
lands, town lots, mines, factories
Forests
Congestion the Cause.
"Our circulation only is conEest
In other words, our transportation
clities are far below our needs
make the assertion that we are n
as much in need of double track
on transcontinental lines of railr'
as we were originally in need Of TIL
lines The combined railroads co
not transport an army, with necess
supplies, to tho Pacific coast in siNt
months, Our salvation lies In the
that no army will be needed on
Pacific coast or elsewhere. AT lc
let us SO hope and so pray
"Vhe problem which confronts
now Is how to induce capital to
tn nd up1sp rra T
not believe II can be done by lei
lation or mandamus or through
osiyerships.
Net tho investor in railroads
DeOtected from management hay