Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1907-11-01


square DEAL is an even stronger ex-
preston of faith in the conservative
quality Of those declarations.
That rally would appear to "a look-s
er on in Venice" as partaking in a.
large measure OF the qualities of q
conversion of sudden awakening by
the really solid men" of the financial
world to the dangers threatening even
the most stable interests of the coun-
try from the toleration of methods
In finance which, while technically
legal, were essentially those of the
pirate, There are not a few who be-
ieVe that even Rockefeller and Mo-
gan----foremost among those who have.
driven out of office the New York.
bank presidents and boards of direct
ors who were found lending them
selves to schemes of piracy have
been heretofore liberal partakers in
the profits derived from schemes to
whose essential crookedness they had
turned blind eye. So much the more
credit to them, then, that they now
turn toward tbs maintenance of
great financiers in New York to the
straighter methods. Both of them
have strennously antagonized the
Roosevelt policies. Morgan is credit
ed with the control of Harper's Week
ly and the New Yorw Sun, two journ-
ais which have outdone all others in
the venom and unreasonableness Of
their attacks on the presidents poll
cines. But now these kings of finance
find that the only real security for all
the vast solid interests they represent
hes in a practical Endorsement of the
policies they have condemned. 1t is
as though the Pharisees of the tenn
pie had rallied to the support of the
preaching of Paul. n &: Mn.
Carnegie, fresh from Europe, pre-
diets a new period of business expan-
sion in this country, ..as the result Of
the federal plans to prevent investors
being swindled.'' This, he declares.
will attract new volumes Of foreign
capital. 1t will do more than this
Let all corporations doing an inter
state business be placed under just
such federal control as is exercised
over the national banks, thus assuring
a square deal to the investor and to
the public alike, and greater volumes
OF American capital than Europe can
spare will be drawn from its present
retirement for the development of all
sorts of legitimate enterprises. The
methods of the financial sharp are the
quintessence of destructive radicalism,
those of the square deal, open to all
eyes, the acme of conservatism. 1t is
because. the country has, from a mis-
taken conception Of tt.American liber-
ty, too long refused to interfere with
the sharp-witted and unscrupulous
man who was getting the best OF
IduH-witted and conscientious man
and because the former has been per,
mitted to organize his activities into
corporations practically amenable to
neither state or national control--tha
the country has been shocked out Of
an investing mood. The shocks began
with the insurance scandals, were in
tensified by the New York street rail
way frauds, and ended with the col
lapse OF the Heinze copper corner
Now the determination of the nation
| is that the sharp-witted and unscrupu
lous man, and his corporations, shall
be permitted to do business, If at all
only under conditions which shall
make his less keen and more con
scientious brother safe in his com
pany. And that is the essence of true
conservatism and of the square deal.