New-York tribune., 1907-12-31

ord otherwise were practically without limit IN
The interest of the trusts and against the oIol
80 simmer These abuses only be reached
and ended by closely regulating tne ts, o,,
and putting them under the trlneHdi Will i as
ineisf 1InoT1 publicity Of business ana, III cases
of complaint, can direct the exact remedy ioi
the wrong. s.,,;,o+;o,
cannot be restrained if the concentration oi
p0xer made possible by such abuses contlnues
and increases, and it is made inahiest tta. @ u t
the system of individualisnn and private properly
the tyranny and oppression of an ongstrchy oi
wealth cannot be avoided. then socialism WIZ
triumph ana the institution OF private PfoPIitS
will perish. The administration has peen tnus
far successful in showing that dangers rom IN
div xid,Ialis1n can be effectively regulated ana
that abuses in the exercise OF private property
can be restrained Thus a great conservative
victory has been won and the coming Oh socidi-
ism has been stayed. .
The question which you have ultimately to
meet is not whether shall return 10 con,
diton of unregulated railways and unreSuiateo
trusts but 1t is whether shall MAINTAIN d
strict system of regulation of railways ana
trusts or whether we shall turn the country owe,
to the advocates Of government oWiierSiiip Gnu
state socialism. Any one VINO seeks retro
grade step from the policy of the admlnisua-
ton on the theory that it would be a rea! step
toward conservatism, is blind to every pollticai
sign Of the times
If one attempts to fix the centre of che con-
servatism of the country he IS likely 10 Tx IL
in New England If he is seeking the com
nl1nity where appeals to righteousness and JUS
tice awaken response he Will ind II IN New
England Hence it is that have ventured at
this time and under the circumstances nave
described to discuss the political aspects OF TINS
panic, and to appeal to you. whether Deiiiocidts
or Republicans. not to allow an acute condltion'
involving pecuRiarv loss and mental suahi'
serious as if is. TO lead you from broad I'M
martial lust and patriotic view or the Sltudtioii
In this widespread catastrophe | nave tne
deepest sympathy with the great body or ousI- . :
ness men and wage earnerS who. KNOW are
honest and who have bear the brunt or II,
and feel the greatest solicitude and anxiety
for their recovery But I urge them not 10
allow their resentment at conditions to be made
a weapon against the pubic veal
Congressman Sherley was the next speaker
He criticized the growing tendency toward CEN
traIization and what he terms overleglsiat,on
He said he was not a pessimist, but that some
tendencies in American life were not good, II
left unchecked National stability, he said, had
been established by enlarging its powers until
the country had government not so much by
legislation by departments. government which
was not the expression of the will of the peo-
pie but of the men in departments He ques-
executive instead Of the legislative departments,
from which, he declared had come extravaganza,
| great losses and loss Of self-reance Senator
Joseph j. johnson. of Alabama, then spoke
| briefly
The only referenc. made TO the Presidency.
| direct or indirect, by Secretary Taft during the
day was at the Elysium Club. where, after the
| guests had been invited to shake hands with
"The next President Of the United States" he
responded
| 1T is a great delight for me TO shake hands
under condition, but ] want you 10 understand
| that there is no guarantee In this contract"