New-York tribune., 1908-02-01

addition TO what I have stated is that the Asso-
oil from fields controlled by themselves along the
muSh lover eoet than TIE special rate We have
made them. and in competition with the Union on
I3[ Ictz on t.e basis Of the cost Of water trans
5crtation from The coast fields. They figured they
could only afford 70 pay Us the p cents barrel II
amount Of fuel oil otherwise the business covered
by the attached Papers would have come in by
boat from the coast fields
I am writing This up completely that there
this arrangement was made wish YOU would go
ahead and make the adj justnent as soon as pos
anxious to have the matter closed UP. The ar
! ference between 1ir RipIev Mr. Wells. Mr. Porter
anu '''' go -O'''@ EDWARD CHAMBERS.
c. 4. DAVIDSON. Auditor. Los Angeles
WORKED FOR a REACTION.
The attacks by these great corporations the
circIjao< tfrous{oIt me countrv IN the news
papeTs and otherWise by those writer's and speak
ers who consciously or uncGnS@ir.ssiE act as the
accumulated or 4 giant scale by all forms OF IN
iquty, rangtng from the oppression OF wage work
ers unfair and Unwholesonle methods Of crush
ing out competition, and 70 defrauding the public
Pg s s'I Certain in' Ws2 2 Ie men Of PS stamp whose
conduct should be abhorrent 70 every man OF
5b@norIera an 51sees fsccSss must ordinarily 5e
months made i apparent that they have banded
Is To overthrow and discredit all who honestly ad-
, mir he to
Iation which would check and restrain them and
secure II possible, q freedom from all restraint
TO Go what he wishes unchecked, provided ne has
enough money The only way 10 counteract the
make clear to tie public 5ust what theT have done
The administration and those who support its
property hut are strenuous uphoIders Of the rights
OF property The wise attitude - taA = adInlr1oiE
stated ht' Governor Fort ct \-N 5+istE, ~ rs
recent inaugural address the Drinciple@ WhicI ne
upholds IS regards the state being of course ide-
teal with those which should Obtain as FesaFoS
Just and fair regulation can only he objected to
IL g+ r-E,- sf .--,o-a- movers 10 its rail
Ter privileges It confers It may, therefore. i'm
pose conditions upon their operation At it pleas
ure OF course in the d9ns o. JaeSe ''1neS ,t Il
ing all vested rights Of property and me interests
cIasf-pIbIic coraoratiors Regulation. therefore
upon wise basis. Of the operation Of these PUBIC
anu anu i1n-1+ c-.7Is, 7d Upon h 1i --sr5 - a 7~SDer
court IeEeyr sEoqta pc - -s s Tie o611t
lions # this were done it would inure 10 the
benefit Of the people. and, the companies; for it
would TX the value Of such securities ang acI a.
d law the holders q existing securities would fnd
have the confidence of the peoLte- peezLF I f-,z
guarantee OF the state that they were Only lSsut1
OF the cost Of such extensions or hette-nents +
is difficult to suggest any 5 80 i,st,rs
fban = Wise public utilities bill and the mere sug-
sae-,ritv holders 70 feel that their holdings were
strengthened and that the state was anoat 10 ato ~
conserve Their GorroraJe Prop@Tty tor fhe P13ic
these great corporation and the limitation OF thelr
lie ofieiaL Il will make for conservatism and
strengthen the companies dong q o'Sl @
merely speculative IN character and organized SIM
ply 10 catch the unsuspectng or creduious investor
most satisfactory for business purposes in many
Every business or enterprise hoIS.tiE n
CAPITAL invested in corporations must ne as nee
uas. slIo tit o1rfe ranfrai and encolr-
age the public giving TO II support and conn
dence Nothing viii do so much 20 achieve TINS
be control over stock and bond issues so that over
capitalization VIII be prevented and the people may
that tie name Of the state upon It stands
a. a. ~. d : 1, lfsr. in its purchase The act must
make clear that the intent Of the supe.SLyn3 Ds
a. so - re,fs 10 rocoeniza and protect exist
Ing conditions and insure greater safeguards 1tE
Capital does not go into state whore reprtsals
only where wise. conservatlEe. Seie i~le'S,l!I ~ -
and secure corporate rights and the best interests
care"
ONLY CORRUPT WEALTH ATTACKED.
Under no circumstances would We countenance
attacks upon lava bding property or DO aught but
80 t.-afea Of heir rfchts On the contrary. our
whole effort is 10 insist upon conduct enc neathEr
being the proper standard by which 70 Juage me
actions Of men For me hontSt n.S'll .. @ -,
7ysaIal s I2,5- r,art Of tho movement to uphold
honesty must be Increment TO trown on dis
fsrrestl- Ne attack only the corrupt men or
7resIta. who find the purchased politician the
purchased newspaper the most efficient defender of
fT-s and r6reserr.i lives OF the interests. They
derive their chief power from the great slnlSlt.
puppets who move the strings are pulled. II -
n0- the puppets hut 1he strong 'LIl-i''- ' go
through the puppets. with whom we have to deal
We seek control law defy.ng wealth: IN the ilrSt
place TO prevent its doing dre eFlt 70 ne
and the next place 70 avoid the NIldiCiiL ana
5T dsrd, III in a sHd to arouse Sweeping attack
upon all property. upon all men Of means ,thol'J
The death knell If the Republic, and such attacks
become inevitable i decent citizens P-TinL 5hoEe
neer IN 800 gI5- IN, c9,,9tr W. act in no
sons # a labor union does wrong. We oppose II
[rol and W. stand equally souely the rights
Of the man Of wealth and Tor tht fls.I~ %. ~.
every man who acts honestly. Of every corporation
that represents wealth honestly arclii4:Lr1 @ t.-3
honestly used We seek 70 stop "ronEdolnE: ana
We desire 10 punish TIE wrougGoers only 80 far aS
is necessary to achieve this end
METHODS OF ADMINISTRATIONS ENEMIES |
There are ample material rewards for those Who
serve with fidelity the mamroG Of unrighteons-
ness; but tney are dearly paid tor hy ne pope
vino permit their preSent tives whether III puoic
life in the press. or IN the co'i@Ses "leit l.,,g
young men are taught. to preach and II practise
that there IS ore law ioT the Ilc ana ma ti-rl.sI @
the poor me amount OF i"llry IN ,.f-5.[
fives of certain great moneEcd interests are "ihI
10 spend can b. gauged by their recent publication
broadcast throughauJ ine papers OF '..s o'lIIE' E'
-rs.-a rha