Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-02-09
DAY DEPLORES
UNDERTAKING
PUBLIC MEN
SEES GRAVE DANGER IN
ABUSE OF CORPORATIONS
Predicts Continued Stirring Up
of Class Hatred Will One
Day Result in Bloody Revo-
luton in America,
lBy Morning journal Special Leased wirel

| BE Morning journal specihl Leaseu NHel
Albany, n Y, Feb, S.-Chancelloi
j. r. Day, of Syracuse university, was
guest of honor at the annual meeting
and banquet of group V of the New
York state Bankers association at the
Tenyck hotel here tonight and in a
speech denounced those who would
create class hatred and prejudice and
cause destruction and suspicion OF
business men whose genius AM
money turn the wheels which give
employment to millions or laborin6
men and women
Representative Charles n. Fowler
chairman of the house committee or
banking and currency, also deliver
ed an address.
Chancellor Day said:
What of our future? If you Will
stop the rawlings of the demagoguoa.
if you will serve vigorous notice on
the men who are defaming our busi-
ness men and discredting our trade
by representing out products as the
result Of an alliance of villiany, fraud
and adulteration; If you will call to
account the men who are deprecating
our bonds and stocks in foreign NAV
kets by comparing our great center
of brokerage and exchange with a den
of thieves; if you will insist that our
great railways shall have fair play ii
their efforts to make new adjustments
and to meet the demands of a fabu-
ously developing country; if the who'll
people will rise up out of suspicion
distrust and ignorance concerning
economic conditions and insist that
no man shall have their votes or their
following who defames his country.
sixty days will put an end to the
hard times and they will never return
until we'lose our self respect and fail t.
insist that the rich and poor shall live
and work together in harmony under
the guiding providence of that God
who made them all.
But if you acquiesce and by slenu Il
consent to infamous work of the scan
dal mongers, permit the widening of
the chasm between our thrifty classes
and the restless anarchistc socialists;
if you indifferenty look on and utter
no word of protest against an agitation
that invites the anarchist to sharpen
his dagger and that appeals to the
poor to take the property of the rich
with liOvence because il has been
stolen from them; If you admit the
Justice and Righteousness of the as
saults upon the mighty forms of ourI
finance trade and the estates of the
successful in the Development of ourI
industries, | predict, as | did the PANEL
more than year ago from the same
cause, that before another half de-
oade blood will flow in our streets
and the night riders torches will light
the heavens with appalling glare !
Fowler on Currency Reform.
Representative Fowler said: "TheI
bill introduced by me provides for a
guaranty fund of S7OO,OOO,O0O in the
United States treasury to protect the |
depositors in national banks.
Such a guaranty fund in the Uni |.
ted States treasury would avert pan |
les 1t would prevent that fear which !
leads to boarding, Unless the relief
advocate is afforded, sooner or later
we shall have postal savings bank
IN this country and then the govern !
nent will have to become a large buy |
7r Of bonds to invest the accumula- |
ions of the people.
More than this, the states are al !
'eady attempting to meet this demand. /
oklahoma has passed a law providing |
.or the, guarantee Of depositors The !
legislature OF Kansas had been called |
.ogether to consider this same step !