The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1908-03-02

men who are better than the pollt
Wall Street men who are better tha
some OF the trusts or the union
which aim to sellishly and often II
lentlessly grasp all within their pow
er. 1t may also include some who III
scrupulously manipulate men an
property for their own advantage an
at every opportunity. But, ii also IL
cludes a number CT men Of high prir
ciples, of great foresight and of Ell
lightened self-interest; men who rec
ognize that their own welfare is dc
pendent upon their regard for tn,
welfare of others. Most Of such mel
are rarely heard OF, and their GOO
deeds and honorable achievements ar
not exploited in the daily press, whicl
is naturally interested in the search
Tor the abnormal. Wall Street prob
ably contains a much larger percent
age of strong brainy men than any
other community, because right there
centers the management Of large af
fairs and great organizations which
demand the highest ability. True.
/ Wall Street attracts some men Of un.
scrupulous and predatory instincts be.
cause of the great opportunities for ac-
cumulating wealth by devices and OF.
ten improper methods. The occasion
al ilotation Of question able schemes
IN dthe improper use of funds held in
among the greatst evils Connected with
Wall Street. They are evils that its
best men are most anxious to see elm
mated, and it is satisfactory to know
that strong efforts are being made in
this direction. 1t cannot be too
strongly stated that many OF the
abuses which aggravated the late
panic could not be repeated and have
been stopepd forever SO far as this
market is concerned Whatever de.
fects remain, the business standards
of Wall Street are upon a distinctly
higher plane than existed some time
ago. In spite of troubles and pessim.
ism the world is growing better and
better. But so long as fools with
money are to be found, just SO long
will there be sharpers ready to take
the one and leave the other. 1t is
useless To expect the millennium. HUI
man nature changes slowly, and the
only means of checking abuses is to
rules and standards of a
high order, and to keep alive public |
opinion that will insist upon their en-
An alert and vigorous pub |
lie opinion is often more effective in |
evil, than the punitive
measures which are applied after the
wrong has been done.
Possibly there are few abuses
on the stock exchange |
that should be romedied. Neverthe
less, | affirm without fear of contra
LECTION that there is no business insti-
tuition in the United States where
are higher CT where the in
egrity of its members is superior to
hat practiced on the stock exchange
n Wall Street there has no doubt
been too much occasion for the criti
'isms showered from all parts of the
On the other hand, let the
,eople and cur legislatures come to
heir senses, and awake to the fact
hat in striking at the financial dis
riot they are hurting themselves
ute as much as those whom they
eek to destroy, and that the evil
are small in comparison
18th the good. cit them understand
hat in fomenting discomfort of this
ort they are intensifying the general /
OPPRESSION. adding to the number Of
nemplC yed driving capital into {
iding and generally interfering with ]
rat recovery in commerce and indus l
y which is now SO earnestly desired S
he present antipathy to Wall Street t
lvors largely of public hysteria. bogy / c
hobia and political dementia. APP h
arently, it is a disease which must 5
IN its course; if SO. the best cure will S
e a period of reflection in which to a
Iltivate calmer and more rational 0
ews. ]
HENRY CLEWS. 0