Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1908-02-04
FIRE ALARM
Senator Foraker Relieves
His Mind at Buckeye
Society Dinner
BIameS President For All
the ILLS Man Is
Heir to

six hundred suns of the Buckeye
state, residents of New York City,
attended the twenty-second annual
banquet of the Ohio Society of New
York Saturday in the grand ball
room of the Waldorf Astoria and lis
tened to address by several of Ohio's
most distinguished sons. The speak
ers were United States Senator JOS.
B. Foraker, Leroy D. Thoman, pres
ident of the Ohio Society Of Chicago,
Hon. Judson Harmon of Cincinnati,
John D. Archbold, vice president Of
the Standard Oil company, and Judge
Ebert H. Gary, chairman of the
United States Steel Corporation.
Senator Foraker said in part:
The sentiment of the evening,
Ohio, in Industry and Commerce, is
the equivalent of the United States
in industry and commerce.
Therefore, I regard myself as
licensed to speak of the industrial
condition Of the whole country. Just
now it is not satisfactory.
Doubtless there were many caus-
es that contributed in greater or less
degree -over trading, over expansion
Of credit, over capitalization of new
organizations, high prices of stocks,
Of toll ol1 y,n
a share but the chiefest of the caus-
es may be summed up in one word,
undertaking" chiefest because it
was fruitful, precipitating the first
cause of all that followed.
"For more than three years now
there has been a perfect saturnalia
of that kind Of literature.
Magazine articles, newspaper ar
ticles, court proceedings, official in
vestigations, speeches in congress and
out Of congress, and even official re-
ports and documents have literally
abounded with the most virtulant at
tacks on most Of the business enter
prises of the country.
1T finally came to point where it
seemed as though it was the chief
purpose of every publication to fan
the flame, and of every legislative
body to devise new methods to re-
strain. and for every prosecutor to
arrest, fine and imprison somebody.
I'm the. midst of all was heard the
voice of the president conceding that
he meant well, his denunciations of
predatory wealth, swollen fortunes,
criminally successful and bad corpor-
atoms, were of much declamatory
and frightening character that they
not only increased the general dis
satisfaction, but helped to create
general business distrust and alarm.
'sHe, himself, recognizing this fact,
facetiously remarked that a mere
statement from him that he was de-
termined to punish and break up any
kind OF an offense, was enough to
start run on the banks. 1t was not
as bad as he thus indicated. bu tit
was bad enough; the result was in
evitable. All market values were af-
fected and decline commenced.
| Finally the crash came ALI the
kings army and all the kings men,
unaided, were helpless and power.
less In the presence of the widespread
disasters that threatened, but some
OF the hated and most abused male
factors of wealth came to the rescue
and to the great relief of the whole
country, Stoned the tide, Gained the
excitement and restored order. Since
then, muckrake articles have been
at discount. A more wholesome
sentiment prevails. Men are begen-
ming to realize that after all man.
kind is not worse, but better than
ever before, and that the business
men of America are on a higher and
better plan today than at any time in
four history.
| One of the NOSE significant evil
dences OF the Improvement in public
mind as well as in conditions, is
found in the fact that the presidents
message Of yesterday, although it
caused some advance alarm and
proved to be one OF the fiercest ever
sent to congress, yet instead OF pro
ducing bad effect on values, seemed
to stimulate the market, doubtless
due to the fact that the whole coun.
try realizes that as the months pass
and the end draws nearer and still
nearer, congress grows correspond
ingly more independent while the
power OF the chief executive as con.
stantly vans.
II Buttermilk delivered RI anv 49,