The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1907-11-05

kind Those wso have triHed With.
the public interest, and displased &
blind disregard tof the peopIe
tights are the real transgressors. y
Throughout sll these +disclosures
OF Illegal methods and wholesale
graft there is one gIeamSof enc6ur-
agement, and that is, thaat public
opinion is aroused and VIII Insist
upon clean as wen as capable cor
porate management IN the future,
and thus these disclosures viii re-
aiIlt in the taising Of the noraal
standard of corporate management.
I'm view Of all the wrong doing
in corporation management 1t must
not. however, het foFgotte that the
majority of our corporations are
ably and honestly managed IN the
interest OF the stockholders. 1t is
not surprising that black sheep have
crept into some OF them. for a GER
sain percentage OF. people in every
walk of life and every association
church or social club, are had at
heart. and shos pin their true col
ors. when subjected TO the tempta-
ton to commit wrongs which will
tend 10 their personal advantage.
The assumption that now prevails.
that all corporation management is
dishonest, is therefore, unjust, and
has been causing much of the hys-
terra that has prevailed in Wall
street and elsewhere. s2s
1t becomes daily more evident
that when all our railway and indus
trial corporations are known y to he
honestly managed. and when stock
holders and investors get their diie5
values yill be more stable aad
American credit, which Is NOT at a
low ebb in the great financial CEN.
tiers of the world, VIII be restored
to a rightful plane.
1T is a mistake, or a SANDER, to
sa that President Roosevelt has
made war against capital He is
only opposed to dishonest corporate
methods, and dishonesty acquired
wealth. He respects the possessors
of honorably acquired and honestly
used fortunes, and would protect
their property interests in every way
possible and guard them against in
justice, and be resolute in defending
their rights; for their success leads
10 the inference that they are good
citizens. But he will assured!y
stand against crimes of unscrupu-
lous cunning in the management of
railway, industrial or financial cor
porations as resolutely as he would
against crimes Of brutal violence,
and equally punish the rich man
and the poor man, for crime is
crime whether committed by a plu-
tocracy or capitalist. a poor wage
Garner or mob"
Mr. Clews is one of the leading
financiers of the country and is in a
position to speak as an authority
upon this subject. He knows pref
ty nearly what he is talking about.
1t is refreshing and encouraging, in
deed. to have his assurance that
the recent financial troubles are
nothing serious; and that they will
have, after all, good effect. Some
of our Democratic newspapers, who
have been trying to manufacture po-
litical thunder out of the situatior,
should read Mr.. Clew's address from
beginning to end before predicting
any more Rooseveltian smash-ups
This midnight marks the opening
of new industry here, which prom
ises from the start to be an import
and factor in the city's industrial
and commercial development and 20
add largely to the citizenship of the
city. The new industry is the Tuna
window glass plant--the largest of
the kind in the state. 1t was built
at much cost, but it's owners are,
men of enterprise and sagacity and
they look upon this field with much
favor. The Telegram believes they
will find it what they have sized 1t
up to be. On behalf of the city and
community this paper extends a
hearty welcome to the management
and employees of this concern, with
the ernest desire that their future
may be one of continued success
from every standpoint.
Welcome is the announcement
that the board sidewalks on Lee
street are to be repaired at once.
When this is done II. Is hoped that,