The Montgomery advertiser., 1908-02-01

erty for the public benefit ana Tor the
protection OF Invested capital
pervision OF these great corporations
And the limitation OF their stock and
bond issues under some proper public
oficial. 1t win make for conservation,
leritinate business, and eliminate. let
"a hone. those which are merely specu-
iative In character and organized sim
ply TO catch the u1suspsct.ing or CRED .
come In our business world to remain
for all time. Corporate methods are
the most satisfactory for business pur-
n many S sasss EvsTy eSsasss
should be protected, and the public
made 10 feel confidence in its corporate
organization. Capital invested In cor
fSi attaok m as that invested BY indivd
uals, and the state should do every
thing to foster and protect invested
corporate capital and encourage the
9 Ssne. osh ns g viii Il az % much a
achieve this desirable result as proper
supervision and reasonable control over
stock and bond issues. so that over
people may know when shey buy a
share OF stock or o bond that
the name OF the state upon II stands
a. q guaranty that there's s value he
purchase. The act must make II clear
that the intent OF the supervision by
the Commissioners Is not for the pur-
pose OF striking at corporate orsani-
but rather to recognize and protect ex-
listing conditions and insure greater
safeguards for the future.
Capital does not 60 into q state
terests are injured; II comes only where
wise, conservative, safe treatment 10
assured. and 4 should be our policy to
ana the best interests OF stock and bond
holders committed to our legal care"
To FFown ON Dishonesty.
Under no circumstances would We
property. or do aught but condemn
those who hold up rich men as being
evil men because of their riches. On
the contrary, our whole effort IL to in
sist upon conduct and neither wealth
nor property nor any other class ais
tinction. as being the proper standard
by which to Judge the actions OF men.
For the honest man Of great wealth we
q hearty regard for the honest politi-
clan and honest Newspaper. But part
or the movement to uphold honesty
must be q movement to frown on dis
men Of wealth. who ind In the pur-
chased politician the most efficient in
strument Of corruption and in the pur-
chased nswspaper the most efieient de-
rel Ii not with these agents ana rep
rosentatives OF the interests. They
derive their chief power from the great
sinister Offenders who stand behind
move as the strings are pulled. Il Is
not the puppets. but the strong cum
ming men and the mighty forces work
puppets. with whom we have to deal.
We seek to control law -defying wealth;
IN the hrst place 70 prevent Its doing
dire evil to the republic, and in the
dreadfui radicalism which, il left un-
controlled. ii 10 certain In the end to
arouse. sweeping attacks upon all
property. upon al men OF means. with
III. would sound the death -knell of the
republic; and such attacks become in
evitable IL decent citizens permit those
rich men whose lives are corrupt and
evil to domlnser in swollen pride, I'M
checked and unhindered, over the des-
TIMES of this country, We act In no
vindictive spirit and we are no respec-
ters OF persons. II q labor union does
wrong. we oppose 1t as firmly as we
oppose q corporation which does wrong;
ana we stand equally stoutly for the
rights Of the man of wealth and for
the. rights Of the waEe-worker: We
seek to protect the property OF every
man who acts honestly, OF every corr
pofatton that represents wealth hon
estly accumulated and honestly used.
desire 10 punish the wrong doors only
20 far as Is necessary TO achieve this
There are ample material rewards
mamnon OF unrigh teousness; but they
are dearly paid for by the people who
permit their representatives, whether
N 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 an
other for the poor. The amount Of
money The representatives Of certain
great moneyed interests are willing to
spend can be gagged by their recent
publication broadcast through out the
papers Of this country. from the Allan
tic 70 the Paeinc, OF huge advertise
terness the administrators policy of
warning against successful dishonesty,
and by their circulation OF pamphlets
sect; While thay iiEewise p ns 1 tSs e SP
cLlation of the writings and speeches
OF men who, whether because they are
misled. or because, seeing the light.
light. serve there their masters Of great
wealth to the cost of the plain people
The books and panphlets, the controll-
ed newspapers, the speeches by public
usually and especially in the interest
OF the Standard Oil Trust and Of certain
notorious railroad combinations but
they also defend other individuals and
corporations of great wealth that have
been guilty of wrong-doing.
1t is only rarely that the men respon-
sible for the wrong doing themselves
speak or write. Normally they hire
others to do their bidding, or find 9TH
ers who will do It without hire. From
the railroad rate law to the pure food
law, every measure for honesty in busi-
ness that has been passed during the
last six years has been opposed by these
men on It's passage and In it's admins
tration with every resource that bitter
and interruptions craft could suggest
and the command OF almost unlimited
money secure. But for the last year
the attack has been made with most