The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1907-10-24
The VALUE
or TRUSTS
CONTINUED from rage one,)

CONTINUED FROM rage One') II
many cases, sinister alliance be-
tween those who have sought gov
crnmcntal privileges for the corpora
lions which they serve and those who
position 10 influence the granting Of
such privileges hut corporations
themselves, although the creatures OF
the state, have seemed TO he In some
ways beyond the power Of the state
to control and outside the reach OF
It's authority Particularly is this
true Of those most important bodies
which arc known as public service
corporations It will hardly he de-
ncd that tho power which called tho
corporation into existence must in
self-defense and In order to sustain
an equitable relation TO every ciii-
zen, so supervise and control the
operations OF the public service cor
poration that the latter shall MOI in
fringe either on the powers Of the
state itself or on the rights and Just
privileges Of any individual citizen
Big Corporations Not Bad.
Ny own opinion, which runs coun-
ter to that OF many Others TO whom
we are bound to listen with respect,
is that nothing is necessarily TO be
feared from a corporation because
OF it's size, The character Of cor
poration does not depend upon It's
size, but upon the principles and pol
icies which actuate It's management,
/ Corporations themselves have no
moral qualities; II Is corporate off
GERS and managers who are good or
! bad, honest or dishonest, as the case
may he The problem Of Great
ing and developing a public service
corporation that truly serves the pub
! lie il simply the problem, always and
everywhere present In our life, OF Sc
curing for positions OF trust and
power men who are not only intelll-
gent but upright, who are not only
efficient, but honest II Is not com
bination and cooperation that are
to be feared and sntagoniEed but
only monopoly and discrimination.
No Short, Easy Solution,
Problems Of grave importance, not
only legal but political, in the high
est sense, arises when we attempt TO
fix the ways and means by which the
goRrnment shall control and super
wise public service corporations. Our
constitutional limitations, our polit-
ical traditions and past party differ
enCes, and the complex structure Of
our whole governmental system with
its state and national agencies, make
the problem OF governmental con-
troll of corporations an extremely diff
fiCult one There are those who think
they see short and easy methods OF
accomplishing the desired end, but
nv predictions Is that, true 10 the
characteristics of our people, We
shall work out a just solution Of
these involved problems, not at one
stroke or by wholly logical processes
but step by step and after many
experiments, and that not few I'M
toreseen difficulties will have TO be
surmounted or circumvented. Above
all else, unless we propose TO wreck
the whole economic basis on which
our prosperity and our happiness
rest, we must have a care that We
so speak and so act as not 10 disturb
that faith or confidence Which. civ
ilized man has in his fellows and
upon which rests the whole enormous
structure OF our credit system y
stroy that, and there will not be
many public service or other corpor-
atoms left to regulate for some time
to como.
Usurpations Have Been Monstrous,
We all know how much feeling,
and what Just feeling, has been
aroused in the United states by cor
porate Encouragement, It is diff.
ficult to speak in language too
strong of the usurpations OF power
and the larcenies OF funds which have
been committed by corporate Off
GERS But Jet US not lose our heads.
We are face to face with economic
conditions that are new. and with
economic abuses that, though mani