Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-08-13
Loss Following Trust Bustins
Craze Falls on Moderately
Well to Do and Struggling
Working Man,
SAVINGS OF THOUSANDS
IN CORPORATE VENTURES
MultimiIIiOnaire Declares Few
Lines of Business Can Suffer
Dull Times Without Direct
Loss to Himself.



Cleveland, Aug. 12.-John d. Rock
efeller I'm discussing the recent speech
resulting from the persecution throug
declared that the wealth of the cOun-
try was so widely distributed that It
was really in the hands of the mod
erately well to do class, today said:
"They can hardly accuse Judge
Grosscup of partialty to corporations
or railroads.; he has shown very Wei
indeed how widespread is the damage
resulting from the persecution,
prejudice of the country's transporta-
tion lines. The same applies -
thoughtless attacks on other lines OF
industry 1t is worse than thoughtless
to say offhand that the wealth and
Industries of the country are in the
hands of a few rich men who alone
will suffer. There is Il direct loss to
thousands of people who have invested
small savings in these enterprises an !
the indirect result reaches still other
thousands who depend in one way or
another, upon the resources OF every In
dustry. The business of the country -
interviewer until 1t is something like
the circulation of the blood in tn"
body. An injury or an operation at
one point shocks and weakens the
whole"
Retiring to the financial situation,
Mr. Rockefeller said:
"Who Is more interested In the ma
terial prosperity Of this country than
/ ann"
my eggs are not all in one bas-
ket by any means. A good deal o
nonsense Is printed every now and
then about my having captured all
the railroads of the country or having
monopolized this or that The truth
Is that | figure as an investor and
stockholder rather than as proprie'
tor. But any depression Is likely t0I
mean a loss of values to me The gro
Gerry man may not feel ii If the coal
business is bad or the wheat growers
suffer If the railroads lose, but the
man with wider interests feels every
phase of depression. ! do not meal
that | am in the grocery or coal or
wheat business, but | am using these
as Illustrations It is a fact thai
hardly any sort Of business can ex-
perlence dull times without loss to
me. II would be plain, then, that
have the best right to be anxious for
good times all around. Would per-
nit then, any harm to come to any
line Of business If could help 1t?
81 ann harnessed to a cart " which
the people ride" continued Mr..
Rockefeller. "Whether | like 1t or
not, must work for the rest. cam
not evade this responsibility If l would
But do not complain of this l am
willing to draw my share of the loa
as long as 1 am able
"The first step | took" he said,
meant obllglng myself to working
for employmenment and investors who
put in their money looked to me for
men who henceforward looked to me
for results. At every step the load
was heavier. The working men nnm.
bered a few score at first. and then q
few hundred then thousands. There
was a similar increase I'm the number
of investors who could hold me to ac-
count While | worked for myself
had to work for them, whether or
no. Today retired from active bus
for myself, the capital have investo
makes work for thousands and opens
opportunities for thousands Of others
to place their savings proftably. No
man with savings can escape this re-
sponsibility or loosen this yoke from
his neck.
I'VE are servants and not masters,
we who are or who have been en-
gagged In large business affairs. II Is
to our vital interest that the country
prosper: that the people prosper.
They can destroy us or our business.
or at least destroy our power OF serv-
Ing them. We would probably suffer
the least. The richest man can eat buf
three meals day and Il does not
take a fortune 10 dress very we'll in
deed, or to provide real luxury In llv-
ing The men who have expected the
largest fortune have not pursued
wealth, but business success. Had they
desired money for the enjoyment OF
money they would have stopped far
short of spending their lives as they
have, In the struggle that Is business.
The natural ambition OF every man 90
make good provision for his family
can be satisfied far short OF the point
reached by the big men of the indus.
trial world today Hut they continue
to toll al their desks. because they
love achievement for the keen delight
In creating where nothing was before,
and some time, believe people VIII
be convinced that they are toiling for
love OF county as we'll"
When II comes to the attacks on
Thin and his associates Mr. Rockefeller