The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1908-01-31

q
organized simply 10 catch the unsus-
pecting or credul0us investor. Cor
poTatiOns have come in our business
world TO remain for all time. COrpor-
ate methods are the most satisfactory
for business purposes In many cases.
Every business or enterprise honestly
incorporated should be protected and
I the public made to feel confidence i'm
It's corporate organization. Capital IN
. vested in corporations must be as free
u ON wrongful attack as that invested
by individuals. and the Stale should
do everything to foster and protect in
vested corporate capital and encourage
the public in giving II support and con-
ndeuCe. Nothing viii do so much TO
achieve this desirable result as proper
supervision and reasonable control over
stock and bond issues, so that ONeTCap-
I. ltaiizauon will be prevented and the
people may know when they buy q
share of stock or bond . that the
name of the state upon il stands as
guaranty that there is value behind It
and reasonable safety in its purchase.
The act must make II clear that the
intent Of the supervision by the com
missioner is not for the purpose Of
striking at corporate organization or
invested corporate capital but rather
TO recognize and protect existing con-
ditions and insure greater safeguards
for the future
Capital does not 60 into q State
.
terests are injured; it comes only where
wise, conservative, safe treatment is as
sured. and il should be our policy 10
encourage and secure corporate rights
and the best interests o. stock and bond
holders committed 10 our legal care"
Conduct the Right STANDARD.
Under no circumstances would We
counteuance attacks upon law-abiding
property, or do aught but condemn those
who hold I'D rich men as being evil men
because of their riches. On the con
I-ary, our whole effort is TO insist upon
conduct. and neither wealth nor prop
erty nor any other class distinction as
being the proper standard by which to
judge the actions of men. For the
honest man Of great wealth we have n
hearty regard, just as we have a hearty
regard for the honest politician and
honest newspaper. But part OF the
movement 10 uphold honesty must be a
movement to frown or dishonesty.
We attack only the corrupt men OF
wealth. who find in the purchased poll
tician the most efficient Instrument OF
corruption and in the purchased news
paper the most efficient defender OF cor
ruUtiOn. Our main quarrel is not with
these agents and representatives Of the
interests They derive their Chief power
from the great sinister offenders who
stand behind them They are Duc pup
pets who move as the strings are pull
ed. It is not the puppets, but the strong
cunning men and the mighty forces
working for evil behind and through the
puppets, with whom we have 10 deal
We seek TO control laW-defVinE
wealth; in the first place to prevcut it's
doing dire evil TO the Republic. and
in The next place TO avoid the vindiC-
tive and readful radicalism which, if
left uncontrolled, II is certain in the
IN n q ~
all property, upon all men of means,
without regard 70 whether they do well
OF i'll, would sound the death-knelI OF
the Republic and such attacks become
inevitable # decent citizens permit those
riCn men whose lives are corrupt and
evil TO dOmiuePr in swollen pride, I'M
checked and unhinoeredr over the des-
TIMES of this country. We act in no
vindiCtive spirit. and we are no re-
spcCtcTs Of persons, If "a labor union
does wrong. we oppose IL as firmly as
we oppose q corporation which does
wrong, and We stand equally stOutly
for the rights Of the man Of wealth and
for the rights of the wagewOrker. We
seek 10 protect the property OF every
man who acts honestly, Of every cor
poratiOp that represents wealth honest
~ accumulated and honestly used. We
seek to stop wrOngdOing. and we desire
10 punish the wTOngdOers only so far
rs is necessary to achieve this end
There are ample material re-
wards for those who serve with
fidelity the mammOn Of upright
eOusness; but they are dearly paid
for by the people who permit their
representatives, whether in public
life, in the press, or in the colleges
where their young men are taught.
to preach and to practice that there
is one law for the rich and another
for the poor.
The amount OF money the representa-
tives of certain great moneyed interests
are willing 20 spend can be gagged by
their recent publication broadcast
throughout the papers Of this country,
from the Atlantic. TO the Pacific, of huge
advertisements attacking with envon-
Omed bitterness the Administration s
policy Of warning against successful dis
honesty, and by their circulation OF
pamphlets and books prepared with the