Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-12-09

no -T-TT ETTTT-W WTTT TTT
@ or agreement being published in de.
tail. In the interest of the pub
lie the representatives of the public
should have complete power to SEE
that the railroads do their duty by tn,
public, and, as a matter of course
this power should be exercised so al
to soc that no injustice is lone &c
l the railroads. The shareholders, the
l employees n the shippers all have
interests hat must be guarded. 1t is
[ to the interest of all Of them that nc
SNtndIing stock speculation should be
r allowed. The guiding intelligence
necessary for the successful building
and successful management of rail
roads should receive ample rcmunCra-
ton; but no man should be allowed
to make money in connection with
railroads out of fraudulent ~over-Capi-
tali2ation and kindred stock gambling
performances; there must be no de-
frauding of investors, oppression OF
the farmers and business men who
ship freight. or Callous disregard of
the rights ana needs of the employees
In addition to this the interests of the
shareholders. of the employees and OF
the shippers should all be guarded as
against one another. To give any one
of them undue and improper consider
alton is to do injustice to the others,
Rates must be made as low as is com
patible with giving proper returns to
all the employees of the railroad.
from the highest to the lowest. and
proper returns to tn ~sharholdrS; but
they must not, for instance, be re-
duced i'm such a fashion as to necessi-
tate a cut in the wages of the en-
ployees or the abolition of the proper
and legitimate profits of honest share
holders.
Telegraph and telephone companies
engaged in interstate business should
be put under the jurisdiction of the
interstate commission
1t is very earnestly to be wished
that our people. through their repre-
sentatiVes, should act in this matter.
1t is hard to say whether most dam
age to the country at large would
come from entire failure on the part
of the public to supervise and control
the actions of the great corporations,
or from the exercise of the necessary
governmental lower in a way which
would do injustice and wrong to the
corporations. Both the preachers of
an Unrestricted in"dIvidualism, and
the preachers of an oppression which
would deny to able men of business
the Just reward of their initiative and
business sagacity, are advocating pol
icies that would be fraught with the
gravest harm to the whole country.
70 permit every laWlcss capitalist,
every laW-defying corporation, TO take
any action, nc matter how iniquitous.
in the effort to secure an improper
profit and to build up privilege, would
be ruinOuS to the republic and would
mark the abandonment of the efforts
to secure in the industrial world the
spirit of democratic fair dealing. ON
the other hand. to attack these wrongs
in that spirit of demagOgy which can
.- ,,.,.atAr ,FItr nrhpF1- rt1l1r m ittAI lE !
the man of wealth, and is dumb and
blind in the presence Of wrong COM
mitted against men of property or ON
men of no property, is exactly as EVIL
as C|orruptly to defend the Wrongdo-
ings of men of wealth. The war we
wage must be Waged against misco /
duct. against ~Wrongdoing, wherever ii
is found; and We must stand heartily
for the rights of every decent man.
whether he BE- a mar of great wealth.
or a man who earns his livelihood as
a WagcwOrkcr or a tillcr Of the SolH
1t is to the interest OF all of us taat
there should be a premium put upon
individual initiative and indiVlduIl -
Iacity. ana an ample reward for the
great directing int~clligenccs alone
competent to manage the great husl-
ness operations Of t".aN. 1t is wei
to keep in mind thLt exactly uS thp
anarchist is the worst enemy of lihtrr
ty and the r~Cectionlry ihe worst
enemy of order, 50 the men VII" Ce+
fcud the rights o. prop 'r.y have most
to fear from thu Nrpog i'Hrs or great
wealth, and the t'"n Wno are tha1-i-
pioning uopuld' rights hay" must 90
fear from the 1vmdgDgI = WHO, m tlio1
of popular riggs, would 90
to and on )"ras honest business
men. honest MOI IF yg,tth, Cor the
success Of either t1u, OF WronBdUtr
necessarily invite a violent reaction
the cause the WTongdoer
nominally upholds. In point OF dan
ger to the nation there IS nothing TO
choose between on the one hahd the
corruptionist, the bribc-giVer. the
bribc-takor. the man who employs
great talent to swindle his fellow
citizens on a large scale. and. on the
other hand, the preachers OF claSh
hatred. the man who, whether ltHn'
or from Willingness 10 sa'~
rifiCp his country to ms ainblti'n'
pcrsuades well meaning but wrong
headed men to try TO destroy the IN
upon which our prosperity
mainly rests. Let each group OF nan
beware of and guard against t1C
shortcomings to which that group IS
itself most liable. Too often We see
business community in a spi'l
Of unhealthy class CONSCIOUSNESS 's-
DlOre the tllOTt 70 nhlh 20 dSrS'A'
under the law the wealthy men Who.
their management of great corpor-
atoms. whether railroads. street RAN .
or other industrial c~nterurlsci' I,
behaved i'm "A way that revohs ,
he conscience of the plain. decent a.,
people. such an attitude can not re 4,
condemned too severely. for men OF a,
property should recognize that they :
.copardize the rights of property when =
H. FarT haAETfAar 70 InNn an inc e. T..
-ort to do away with h abuse OF ,
wealth. on the other hand. those !
who advocate proper control on Ne
Of the public. through the state ;
these great corporations, ana oI t,
wealth engaged on a giant scale !
n business operations. must ever Keep 3
m mind that unless they do scrupu- =
Gus Justice TO the corporation. un- (,
they permit ample profit ana cor
liallv encourage capable men Of busl- =
hess so long as they act with honesty /;
hey are striking at the root of II Z
national WeIIbeiug. for. in the long F,
under the mere pressure or ma /,
.erial distress. he people as a whole :
WOULD probably 60 back TO a reign OF Il
tu unrestricted individualIsm rather +,
submit to a control by the state d,
drastic and foolish. conceived in a /.
;uirit of sucn unreasonable and mar :
cow hostility 20 wealth. as 70 prevent .
business operations from being profit 1,
sble. and therefore to bring ruin upon !
.he entire body OF citizens )