New-York tribune., 1907-01-25
DAY PREDICTS GROWTH.
Says Country Need Not Fear 4c-
Cunpulated Wealth.

Chancellor Day Of Syracuse University the
chief speaker last night at the fourteenth annual
dinner OF the Manufacturers Association. held at
the Union League Club. in Grant Square, Brook
!yn. His topic was "The Exaggerated Fear Of
Wealth. In his speech he argued that the cOun-
trys whole development based upon the
benehcent influence OF the great noneyed corpora
TONS and declared soeialistic insanity the pro-
possl to curtan fortunes after they have reached
certain size. He continued:
IL 10 piece OF insolence for the individual 70
insist that the corporation shall be disbanded be-
S11se u sells me goods cheaper than he can. We
human progress is not a statute 70 be revised BY
man s bs sbS5sy b6ttS; We % do not expect 70 help up the
@ s wHS aTs the men men who ara sh9Tght to threat
think IL You displace shen otSsT indTduas VIII
bs99s2srs Are you going to say 70 Ons class Of
ms td,, 0tnsr class chance DO you think thar is
men who have fo have opportunities made for
them by removing other men OF their way are
ads FOR them nss sner opportunities after they are
Chancellor Day said the country needs States
n2nship'" and not "frenzled impulses TO startls
ths galleries" Il was false idea, he said, that
All men are actuated by unworthy motives in
proportion TO their accumulated wealth" Swollen
fortunes can be reduced. II they need be- BY using
them ''in opening thousand unemployed and un-
used resources OF our country, and philanthropy
education. and in promoting common thrift" He
continued:
world RsTs sTi e s pass y SaSe ss
OF thousands as measure OF wealth. Billions will
Wealth Of this County Is noreasng at tSs rate o
coo day. Railways overwhelmed
the current news at every breakfast. Where va
fHr eight 'Taff T Be we Ssd1Ts Es have fS o sa o ERE
edge Of che development Of country.
There is no fear OF accumulated wealth. declared
DR.. Day. IL 1--WE accumulate manhood" He said
somsthing TO really cause fear was 1.-The entrance
Of labor unonlszn into politics and its adoption OF
socialism and anarchy creed and doctrine"
He said:
1t is despOtisn which threatens cur demo
Plainest and most fundamental liberties Il makes
the absurd boast Of having produced the wealth
was there In The w0TS SO @ long as the hand Wa
the only thing that worksdP II was only after
o. developing the resources OF this earth By the
IGE9ss Irgss o. Ss nature sHd by g THOUSAND nvsnti9ns
to destroy that handwork aid anything beyond
s. Sy sPSaS 3S ss5aag p SsEpa Wi T6 & s.
history Of the United States when Congress was
more conservative or liberal minded" He strongly
ssptattyss. when Congress Is body Of aaar-
chlsts.,' he continued. I'VE VIII be ready to dis
come foF several hundred years II at ah:''
Then Mr. Waldo declared that lobbying is go
commerce. He said that the recent National Ex-
ports Conference at Washington was hostile 70
n foTegn s % rss
AS soon as Congressman Waldo had finished his
aSn AsSocaion sd pTsadsnt 6f ths
National Exports Conference. said the previous
was composed OF some OF the best known men m
the United States and that no outside interests
interests Of Ameraosn shipping.