New-York tribune., 1907-08-02

took the opportunity TO add his commendation
of the corporate pioneers which omission was
the only criticism he had TO make. he said. of
the speeches Of Governor Hughes and President
Wilson.
THE SENATOR'S OWN VIEWS
The Senator said:
These speeches are referred TO because they were
delivered tho occasion of the celebration of our
national birthday by two who are mentioned
respectively possible Presidential candidates, and
to show how prone to initiate and how cpl
demic q sentiment may become, be it right or
wrong With considerable temerity 1 criticise what
these distinguished gentlemen said. only to cali at
tention to their failure to say anything in com
mendaton OF the marvellous work accomplished
by the business and corporate pioneers of our coun
try at the expense in many instances Of their lives
and fortunes. 1t IS c<tsy. and in some instances
popular to hammer successful men. but from q
public standpoint never saw Its wisdom IL IN the
beginning that sentiment had prevailed this coun-
try would not now be one Of the greatest In his
tory. 1t seems inconceivable that have reached
present wealth and power by the pursuit CT
methods that have lately been discovered 10 be so
contrary to the public good / realize that NAV
be charged with defending larceny and advocating
illegal practices but at the same time may be
pardoned for saying it IS possible to Kill the goose
that has been laying the golden egg.
Ny premise may be Incorrect but my notion al
ways has been that human nature is nearly the
same all over the world. and If you do not hold out
some sort of nduceIaent capital II Will be
successfully wuoed. No matter how much Of 1t
there may be much the better 1t will never
become "a Frankenstein; nature provides sure
and unVarying law tnat COmpeiS It 70 20 back 10
whore from in the same way tnat human
kind return to the original dust The more
rich men there are. the more opportunity there IS
10 get part Of their wealth The discouragement
Of capital means the restriction Of everything that
benefits the man without II; II means fewer rail-
roads. fewer steamships fewer factor1es-stnd these
things mean less wages and less work The brick
!aver who earns ST a. day, the barber who receives
D cents for a - cent shave and the waiter who IS
tipped by everybody Will have different story 10
tell II capital is TO understand that It is not to
receive a reasonable profit but only to earn It's
fixed charges. You may pass all the laws you
please, but you cannot compel the man with capl-
tai invest II unless he 1T 20 do So warning
against en- individual object usually results
in retaliation and II this opposition TO success that
has lately manifested itself Il continued We may
expect fight on the part Of success
M'CARREN NOW PESSINIsTIC.
The speaker then called attention to the poor
European market at present for American Sc
curities. pointing out the New York City bonds
saying: THE prosperity Of country has al
ways been prcdicated the confidence Of the
creditor in tho debtor. II that confidence bo de-
stroyed business troubles and probably worse
consequences are inevitable"
Water REGISTER William 4. Mcclure. leader
OF the 9th Assembly District, presided at the
dinner ard there we're present many Of the
prominent Democrats OF Kings County. John
y StanchfeId was TO have spoken on
..FrincipIes Of the Democratic Party but Ill
ness kept him away that is. Mr.. Stanchfiefd was
sick James d. Bell. chairman Of the Demo-
cratic County Committee, took his place. Ex-
Judge D. Cady Herrick was another OF those
unable 10 he present. other speakers were the
Pay Thomas +. McGronen. Representative John
7 FITZGERALD, on National Democracy" and
Joseph F. Russ on Local Democracy.