The sun., 1907-03-19

u.
dheasy Il charaetsriatic chiefly OF those who
! deal with our great industries aud industrial
enterprises on paper not in fact; charac-
| teristic Of the manipulAtors aud organizers.
not OF the workers. We have reaped the
| legitimate fruit of our legislation We
created special privileges, contrary To the
whole spirit Of our policy. and those who
were most astute and capable In taking ad
vantage of them have grown So great m
power that we wonder II We are equal TO re-
! straining them.
President Wilson said that equality had
! been put in jeopardy thB- classes had been
/ created and that now we were actually
invited to alter the whole plan OF our con-
stitutiOnal governm ent to set matters
right. But IL was evident. he said. that
prosperous men shonld not he punished
for having accumulated the wealth hey mad
been invited to accumulate. He went on:
! belsVe iu income and Inheritance taxps
as means for raising revenue. They are not
J only perfectly legitimate but desirable
because they Dlnce abe burden of taxation
where It can be best and most easily borne.
But do not believe in such taxes. or in any
, taxes. as a mere means OF penalizing the rich.
We speak too exclusively of the cHpitallstio
class There is another as formidable an
7 enemy 70 equality and freedom Of oppor-
! tunity as Il. and that is the class formed by
The labor organizations and leaders of the
country-a class representing only a small
minority Of the aboring men Of the country,
quite as monopoliseio iD spirit as the cap
talists and quite as apt to corrupt and ruin
our Industries by their monopoly. What
We need Is not q square deal. but no deal at
allan old fashioned equality and harmony OF
conditions. a purg ged business and burged law.
The present machinery Of our Federal
QWRfam n ohn enr h. NaaI hAn
We come to an understanding as to what
it ie that We desire. The Federal Govern
ment shall not be hindered in the exercise
OF its full powers: no wise man will stand
In the way OF any wholesome increase OF
the power Of the Federal Government which
can be got by legitimate Interpretation from
the ancient sentences Of the Constitution.
But every wise man who feels the true spirit
OF the American system will see that the
vitality OF the States is the vitality OF the
country; that their several powers are as
important to the free self adjustment OF the
communities Of a land of infinite variety
as are the powers Of the Federal Govern
ment itself that their atrophy is the emascula-
tion OF our political capacity. our conscience
and sense Of duty in sslf-Government
Ex-Sscretary Shaw. who followed. caused
a laugh by referring to the recent panic
as occurring from psychological ana not
logical causes. He said:
The American people will do we'll to keen
prominent before their eyes the fact that the
earning capacity Of a pleoe Of property does
not fiuctuRte with the quotations Of the Stock
Exchange. The crop Of 1905 was enormous
and the price thereof was unprecedentedly
high. IL has not yet been consumed and
not all Of IL has been marketed The world
is reaching forth its hands for every surplus
bale OF cotton We can spare and tenders cash
in payment Labor is employed at better
wages than ever before and our IS 600 900
people are eating three times IS, ,OOO, 900 full
meals day. wearing unpatched clothes and
sleeping sweetly at night. BeRons our fears
Not until apprehension of danger resulting
from repested predictions OF evil leads to
less acreage planted. less raw material pur-
chased for the factories. less labor employed
and a curtailment In consumption generally
will we suffer commercial collapse.
Mr.. Shaw. in describing the prosperity
oi the country, said that there was as muoh
need Of double tracking the cross conti-
mental lines as there was need Of them
originally. The combined railroads" 4" he
said, could not transport an army with
necessary supplies to the Pacific Coast in
six mouths Our salvation lies in the fact
where. At Least, let Us so hope and so !
pray
Mr.. Shaw said that the man who out his |
money In railroads had as much right to ex-
pect large returns as the man who put il in !
land. Was it right, he said, that one should |
reap vast profits and the other who was |
just as public spirited. be forced to except
only a moderate rate Of INTEREST,"
please do not misunderstood my posi- |
tion,' he added. Il am not pleading for
the railroad manager at all nor for railroad
management, except so far as it Affects !
every man who in turn is interested in some |
branch of commerce. II is the business Of |
railroads to haul passengers and freight for |
hire. Let the investor in railroads be pro- |
tected from management having for its !
end manipulation and from Government |
ownership or confscation having for its |
money will be forthcoming with which 10 |
double and quadruple track our roads as /
needed, and a measure OF prosperity will |
be assured. great as it is. for our common |
good to enjoy"
Charles F. Moore, Joseph A. Mccullough |
and DR.. Newell Dwight Hills were the other !
speakers.
Among those present were Alton B. |
Parker, Gen. Stewart l.. Woodford, DR.. |
j. Nevelt Steele, Ho&ard Bayne Col John |
G. Calhoun, Theodore p, Shonts. Augustus |
Van Wyck, James ". Osborne, George W. |
Fairchild, J. Coleman Drayton, William II. |
Reid. f. d. Winslow, Colgate Hoyt. DR.. |
Charles Baskerville, Hon. George B. Arnold, |
Charles s. Bryan Ludwig Nissin J. Charlton |
Rivers. w. Gill Wylie and NJ. J. Hederey.
UNIONIST PAPERS SHOCKED.
Member Of British Ministry .TSins the