The Cairo bulletin., 1908-02-02
! FORAKER RAK[S
MUCK RAKERS"
IIM lNTEREsTiNc SPEECH BE-
FORE OHIO SOCIETY AT
MA NEW YORK CITY.
For Past Ten Years Reviewed---Also
Dweit Upon Recent Panic
Archibald Defends Stand
ara OIL Company.

New York. Feb. 1.--Nearly six hui
dred sons of the Buckeye state, res
dents nf New York City attended tn
annual banquet OF Ohio's most dis
v tineuished sons. The most prominen
speakers were Senator Foraker, ans
IudsOn Harmon. OF Cincinnati, ans
.Ichn p. Archbold, vice president q
the Standard on company.
Harmon spoke on Ohio In Com
meree and Industry" ami paid warn
tribute to Ohio's progress in ma
tcriai way as well as her influence fol
good In the general government
Speaking or control of corporations
hn said everyone must recognize the
necessity of enlarged regulation bul
urged that public interference can
not safely be pushed beyond the
bounds of wholesome regulation /
John ID. Archbold defended the
STANDARD on company. which he de-
clared was one OF the country's most
valuable business concerns. Archa-
bold provoked cheering and applause
when he said Ohio comes to the front
with two thoroughly equipped, unob-
jectionable candidates, Foraker and
Taft for the presidency.
Senator Foraker was the next
speaker. and was frequently inter-
rEpted by applause.
Foraker opened with reference to-
the continuous prosperity Of the
etn years preceding last August, and
then reviewed the business and fnan-
cial troubles OF the past three months
citing particularly thousands OF idle
freight cars and commodities repre-
senting investments OF 100000, 900.
HE admitted that there may have
been many causes for the condition
but declared the chiefest Of the
causes may be summed UP In the one
work undertaking. 'chiefest be
cause Ii was the fruitful precipitation
nnd Hrst cause Of all the mischief that
fcIl0wed 4 He admitted that there
we're just grounds for some OF the
criticisms but even In these the OK.
akEarati0ns we're of sncn an infiarn-
matory character as to arouse uni-
safsal fisEfalst uf business methods.
III the crusade the innocent suffered
as well al the wrongioers. Then, he
said, followed in congress and state
Iegislatnrrs rate bills. antitrust bills,
rrpnIativp measures filled with IN.
reHs. nabie n ,trictioIs, requirements,
pf nalties and punishmenis, At Wash
IIigton. he continued. the modest force
cf less than 200 special government
and agents was increased
tn I'M army OF more than 5000 and
sent In every direction to turn on
Lhe light and delve and probe for
facts on which to base indictments
and prosecutions.
The department or justice called |
Tor help ami 1t was generously sup.
piled In the form of special counsel |
and large appropriations to pay for
their services, Here the speaker
cited the activity of prosecuting au-
of the various states and de-
InaIds Of newspapers along the same
lines. and continued:
''In the midst of all. and over all.
was heard the voice of the president
that he meant well, his
Of predatory wealth. |
swollen fortunes, crimfnalIy success
full and the bad corporations. were of
such declamatory and frightening |
character that they not only increased
general dissatisfaction, but helped to
create n general business distrust and
slarm. All market values were af-
fected. A decline commenced. In
less than twelve months II amounted
10 an average of more than 80 10 per
rent. Of all railroad. Industrial and
0fher stocks; a grand aggregate Of
more than three billion dollars.
Finally the crash came. All the
kings army and all the kings me-.
apaided. were helpless aud powerless
d the presence of[the widespread di :
aster thai threatened. but some OF
HE hated and most abused malefac-
Iors Of vkalth came TO the rescue and
= the great relief of the whole coun.
Lry, sternmed the tide, Gained the ex-
.ltemenf and restored order Since
hat the muckrake article has been
Il ! discount. More wholesome sen
Iiment prevails. Men are beginning
% realize that after ali mankind is
aof worse. but better. than ever be-
lore. and that the business men of
Anerica are on a higher and better
plane today than at any time in our
history
One Of the most significant evil
1<nces OF improvement In the public
mind IS we'll as in conditions is
|ound IN the fact that the presidents
message Of yesterday. although II
>aosed some advance alarm. and
,rored to be one of the fiercest ever
6ent 70 congress. yet Instead Of pro
3ucinx a bad effect on values. seemed
3 stimulate the market. doubtless
3ne to the fact that the whole COM
|rx realizes that as the months pass
md the end draws nearer. stifi 4
,earer. congress grows corresponding
b more Independent. while the power
4 the chief executive as constantly
<anes
Forakef. discussing the remedying h
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