Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-01-31

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failed in precisely this point of en-
forcing the performance of duty by
the man of pronertv toward the man
who works for him, by the man OF
great wealth. especially II he uses that
wealth In corporate form. toward the
investor the wage worker, and the
general public. The permanent fail
ure of the man of nronertv to fulfil
his obligations would ultimately assure
the wrestling from him of the privilege
which he is entitled to enjoy only If
he recognizes the obligations accom-
panving them. Those who assume or
share the responsibility for this failure
are rendering but a poor service to the
cause which they believe they cham
pion.
STOCK GAMBLING.
do not know whether it is possible
but If possible, it is certainly desirable
that in connection with measures to
restrain stock altering and over-capi-
tallzation there should be measures
taken TO prevent at least the grosser
forms of gambling in securities and
commodities, such as making large
sales of what men do not possess and
'cornering" the market. Legitimate
purchases of commodities and of stocks
and securities for investment have nc
connection whatever with purchases of
stocks or other securities or commodi-
ties on Il margin for speculative and
gambling purposes. There is no normal
difference between gambling at cards
or in lotteries or ON the race tracks and
gambling in the stock market. One
method is just as pernicious to the
body polite as the other in kind ana
in degree the evil worked Is far great
er. But 1t Is far more difficult sub
ject with which to deal. The great
bulk of the business transacted on the
exchanges IL not only ! Innate, but
Is necessary to the WORKING of our mod
ern Industrial system, and extreme care
would have to be taken not to interfere
with this business in doing away with
the bucket shop type of operation.
We should study both the successes and
the failures of foreign Legislators who.
notably in Germany, have worked
along this line, so as not to do any
thing harmful. Moreover, there is
special difficulty in dealing with this
matter by the federal government in
federal republic like ours. But II 1t Is
possible TO devise way TO deal with IL
the effort should be made, even II only
in a cautious and tentative way. II
would seem that the federal govern
ment could at least act by fobridding
the use of the mails, telegraph and
telephone wires for mere gambling IL
stocks and futures, just as 1t does IN
lottery transactions.
/ enclose herewith statement issued
by the chief of the bureau OF corpora
lions (appendiX - in answer to certain
statements (Which | also enclose) made
by and on behalf of the agents of the
Standard oil corporation (appendiX y
and a letter of the attorney general
(appendiX 81 containing an answer 70
certain statements also enclosed, mad
by the president of the Santa Fe Rail
faf n
dard OIL corporation and the railway
company have both been found guilt}
by the courts of criminal misconduct
both have been sentenced to pay heaNt
fines, and each has issued and publish
ed broadcast these statements, assert
ing their innocence and denouncing a
improper the action of the courts and
iuries In convlctlng them of guilt Thes
statements are very elaborate, are vefl
ingenious. and are untruthful in i'm
portant particulars. The following let
ter and Enclosure from Mr.. Henry SUI
flciently illustrate the methods of tn,
high officials of the Santa Fe and SHOW
the utter falsitY of their plea or igno
rance, the similar plea of the Standar
Oil being equally without foundation:
SANTA FE CASE.
Department of Justice Office Of thu
United States Attorney District of ore
gon. Portland, Jan. II. 1908,
THE President, Washington. D. Gu
Dear Mr.. President;
II understand that MI Ripley or the
Atchison. Topeka d santa re railway
system has commented win some Sc
verify upon your attitude toward th'
payment of rebates by certhlh irailhc1l'
tlncntal railroads ana ihal ne han ue
clared that he personally never knew
anything about any reDa'eS pelnf
granted by ms ROAD ,. V,1
close you herewith copy OF a iel''r XXX
EDWARD Chanpess, st1ela i IT.,
taiilc manageF Oh tlia Al ,.u, - a..
ka ~ SANTA re ''aliw9y fySset ~, :" |,'
o. a. baElusoi' ~, au"i y! ,6o NJ. '''e ''''''
'onpnuS, 49, ~ -, I ,,.it,, trt,r-
ms ,gtlel "s''7 mo' ~ ~ oonstitmtio,