The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-02-05
BRIGGS LEADS ALL
IN TRENTON CAUCUS
CONTINUED FROM FIRsT PAGE.


management Of great fduciary institu-
ton is thereby disqualified TO discharge
a trust Of a different character, although
not OF more peremptory obligation, in the
Senate Of the United States. II does.
however, appear to have been suggested
that the personal associations incident 20
a participation I'm the executive manage
nent Of such a great financial institution
have tended in my case 10 deprive me Of
a knowledge of the conditions Of life sur
rounding the great mass Of my fellow
citizens; that such associations have
robbed me Of sympathy and interest ia
the struggles ard ambitions of those who
are wage-earners and recipients of mod
crate incomes. II were convinced that
this were true. 1 should regret it far
more deeply than the loss Of a seat I'm the
Senate OF the United States.
If I had never known, in my personal
experience. the anxieties and the strug-
giles, as well as the hopes and ambitions
of persons in those stations in life. !
might be unable to refute sach a charge
even TO my own satisfaction But, as
those who are familiar with the facts Of
my life know, In my boyhood and youth,
struggled with conditions identical with
those with which / ana now charged 10
be out Of sympathy The experiences Of
youth are not forgotten, and they recur
with greater force with increasing years.
Policies Receive Dividends.
1T is said that the company has made
large profits from which the policy holder
has received no benefit. / appreciate fully
the fact that the large business done by
the company is due TO the earnest sup
If &c lrf. faTr
that the s0-called nOn-participating policy
holders. who, by the terms Of their con-
tracts, are not entitled TO any share Of the
net profits, have, nevertheless, some equit
able claim which the stockholders should
recognize. / have, therefore. recommend
ed TO the board of directors that these
policies should receive dividends ga the
way of return 10 them Of a portion Of
the net earnings. Acting upon my recon-
meEdation the board Of directors have
annually paid TO this class Of policy
holders large sums of money, amounting
In the aggregate 20 about 100000
In q conscientious eudeavor to dis
charge my duties as a United States
Senator / have never found that my Obl-
CATION as d director in any corporation
was related in any way 10 any public
obligation. save possibly in the matter
OF FtutEul IcguldllOu OF uiSui dliCt. ID
that case. according to my conception Of
the problems presented. no conflict cX-
isted but If such conflict did exist my
most captious critic would scarcely have
the temerity 20 say that ] placed my
private obligation above my public duty.
I need scarcely point out that the
Federal government has no power 10
Iegisiat, in respect 20 public service.
corporation, or trust companies doing
business in New Jersey and that my
connection with them cannot. in any way.
interfere with the proper discharge Of my
duties as "a Senator. II. however. in the
future these relationships. or any others
which / may sustain. interfere with the
proper discharge of my duties as a United
States Senator, / win either terminate
those relations or resign my seat in the
Senate