Daily Arizona silver belt., 1908-12-09

to account. Democracy IS in peril wherever the administration of political power is scattered among variety of men who work in secret, whose very
 names are unknown to the common people. It is not in peril from any man who derives authority from the people, who exercises it in sight of the people, and who is from time to time compelled to give an account of its exercise to the people.
 Labor.
 There are many matters affecting labor and the status of the wage-wOrker to which l should like to draw your attention, but an exhaustive discussion of the problem in all its aspects is no. now necessary. This administration is nearing it's end; and, moreover, under our form of government the solution Of the problem depends upon the action of the states as much as upon the action of the nation. Nevertheless, there are certain considerations which I wish to set before you. because I hope that our people will more and more keep them in mind.
 A blind and ignorant resistance to every effort for the reform of abuses and for the readjustment of society to modern industrial conditions represents not true conservatism but an incitement to the widest radicalism; for wise rad. realism and wise conservatism go hand in hand, one bent on progress, the other bent on seeing that no change is made unless in the right direction. l be. lieye in a steady effort, or perhaps it would be more accurate to say steady efforts in many different directions, to bring about a condition of affairs under which the men who work with hands or with brain. the laborers, the superin- tendCnts. the men who produce for the markets and the men who find mar. ket for the articles produced, shall own far greater share than at present of the wealth they produce. and be en. abled to invest it in the tools and instruments by, which all work is ear ried on. As far as possible I hope to see frank recognition of the adyant ages conferred by machinery, Organiza tion. and division of labor, accompanied by an effort to bring about a larger share in the ownership by wage-workers of railway, mill, and factory. In farm ing, thin simply means that We wish to see the farms so largerj etaOinetol see the farmer own his own land we do not wish to see the farms so large that they become the property of ab- sentee landlords who farm them by ter ants, nor yet so small that the farne' becomes like a European peasant.
 Again, the depositors in our saving banks now number one-tenth of our O. tire population These are all capital ists. who through the savings bank loan their money to the workers-that is, in many cases to themselves-to carry on their various industries. The more we increase their number, the more we the principles of cooperation into our industry. Every increase ID the number of small stockholders ID corporations is a good thing, for the same reasons; and where the employees are the stockholders the result is partie' ularly good. Very much of this move mcnt must be outside of anything thai can be accomplished by legislation; bul legislation can do good deal. Postal savings hanks will make it easy for the poorest to keeD their savings in ab solute safety. The regulation of the national highways must be such thai they shall serve all people with equal justice. Corporate finances must so as to make it far safe than at present for the man of siral means to invest his money in stoeS There must be prohibition ot elli abor, diminution of woman lao'f, shortening of hours of all mechanIca' abor; stock watering should be pro libited, and stock gambling so far as possible discouraged. There should De ! progressive inheritance tax on large fortunes. Industrial education shoud De encouraged. As far as possible we 'hould tighten the burden of taxatlon m the small man. We should put premium on thrift, hard work, and busi less energy; but these qualities cease O be the main factors in accumulatins ! fortune long before that fortune caches a point where it would os eriously affected by any inheTltaM'