The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-10-11

lowed the delivery of President Schur-
mans. It was several minutes before
he could speak when introduced. andil
the applause kept up at intervals until
he concluded, when he was cheered as
the next President. Governor Hughes
said In part:
He most surely attains the highest
success and the greatest happiness who
In the jealous exercise OF his talents
finds the path OF service. and whose
achievements are benediction to mani
kind.
But what Is most needed, In par
ticular sense. in the interest OF good
administra ton OF governmenta and of the
insstence upon nduciary responsibility
ity. THIS can be obtained in part BY
the enforcement OF law and In part|
must be gained through public senti-
standards OF conduct. It IS an extra
ordinary perversion to suppose that the
owner of fifty-one per cent. of the
capital stock OF o corporation is free
to wreak his pleasure in It's manager
ment. The officer or director occupies
a position Of trust not for the major
| ity but for the entire body of stock
| holders. And while he may execute
must be policy consistent with: good
faith and fair dealing with all. Moth,
ing is more reprehensible than the
abuse OF power on the part of those
Il
The test of character may be found
lin the faithful discharge OF trust
where it may be abused In secret and
with seeming IMMUNITY; E0eTy man man
| speak Of 1t not In the narrow sense
1 in which the term Is iempfcyed IN
courts OF law but in the broader sense
recognized by eyery..inan, o. : seit re
| fession to maintain the dignity Of In
dependence, 8and Is false to the trust
| conferred upon him when he is adj
mltted to practice as an oncer o. 5use
4 tho toors Of unprincipled manipulators.
/ ,rhe editor shamelessly ignores his ob-
i ligation when he hides or distorts the
/ facts or uses his col mns 70 p eIsveelat1
OF highest Importance Is the sen anti
ment Of honor and the sense OF tldm-
| cIary obligation in competition Win
public service The peopi.e1 WI t5is-
i pute as they will over principle s. an I
i policies, but there can pc no sdlspn Us
with reference to the demand II h1t
public privileges shall ne grInteu T,,,S =
4 oftlcers shall regard only the puplic
i Interest in the administrator OF gov
eminent. s. 49,, -, 10
ont Of date. The demand OF the fu-
,sture will be Every man FOR the PEG.
1 nle.n No one can be permitted to put
q 3nriyate Interest above the punllcf au-
vnrltagc. And thus in recognizing the
4 necessity of giving fair opportu1n,ity
for Individual success, of protectlns
II thrlftf and the rewards OF sindIstry, ana
A az the same time in insisting upon
fidelity to trust, upon the rights Of. INC :,
nnnnunity and upon the SUBJ emacy OF
J INV representing tho will Of the PEG.
j, nie. in endeavorlng to call the ~, most 3
: aat,,icient to the service of the state,
] land'in discharging the duties Of pup .a
!. l3iicSo ftice with sole regard to publN, n
J, terosts, shall we q fuse the bsessll Z,
- prosparity, malsing It servant to the
stnnding at an exit, he shook hands J
with hundreds as they passed OUT OF
!. the building
Il Luncheon and Parade.
J The Governor was enterta ined at
! luncheon after the Auditorium eSer-
4 ciaes. ana at 4 O'Clock In the after
A noon, accompanied by Governor ,p1"n swan
son. General Fred ID. Grant and othefs,
3 Witnessed IL parade Of all troops, In
cluding those from New York, on Ice
q Parade, a special feature OF which was
4 4 tactical drill Of the n Twelfth United
States Cavalry Fireworks were 80