The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1909-11-26

{ r. 4
Subscription, $50 year.
FRIDAY, NOVEMBER %, 1909
50 -
MANY BUSINESS PROBLEMS.
Nelson w. Aldrich, United States
Senator from Rhode Island, chairman
of the national monetary commission
and chairman Of senate committee on
finance, delivered an address before
the New York Chamber of Commerce
last Thursday evening which is of in
terest even though he had nothing
especially new to offer. He said in
part:
.Acting within It's unquestioned
authority congress will in the near
future be called upon to attempt the
solution of practical business ques-
tions vitally affecting the interests of
our entire people and upon their cor
rect solution the course of the future
welfare of the country largely must
depend.
II should like to impress upon the
business men of the country the fact
that they must share in the RESPONSE
bility for wise congressional legisla-
tion. No class of men is SO influen-
2 tial in the creation of pubic opinion,
and In our country the character Of
legistion must be based upon an In
telligent public opinion.
II will mention briefly some of these
questions. First there Is necessity
for d lsiorn in the character and ex-
tent Of the national expenditures A
recent expert examination indicates
that saving Of from 10 to 20 per cent
Of national expenses can be made, and
at the same time greater efficiency OBJ
tanned by an application of business
methods to government work.
The president repeatedly has called
the attention of the country to the
urgency of amendments to the inter-
state commerce act aud to the Sher-
man antitrust act, for the purpose of
making this restrictive legislation eff
fectiyein practical operation.
The national monetary commission
has assigned to it an important work.
A sound and adequate currency and u
stable aud efficient banking system
are necessary for the continuance of
our successful national development.
Tie legislative provisions to carry.
Into effect tbs Important reforms j
have indicated should be submitted to
the PEG pie for criticism consider
alton at the earliest possible mo-
ment."
His suggestion that the application
of business principles in the conduct
of government affairs would save the
country 10 to 20 per cent is a fact that
has been recognized and commented,
on$by the people for, To-, these many
years. In fact 1t is q matter Of i'm
portance that has been suggested in
the west to every man who has been
sent to congress, yet to this day 1t has
awaited the champio Of the die
tator from the smallest state In the
union. IL he has influence to bring
about . business method In the con-
duct Of affairs Of the nation and actu-
ally does SO, the people will change
their opinion Of hi1n.-for by his acts
lie win cut loose from the interests
and intrench himself in the hearts Of.
the people. Especially If application
OF business methods'' means the same
in governmental as in individual af-
fairs, for no firm or corporation could
long exist conducted as is the govern
merlt.
The call ito congress for the solution
of the practical business problems
does not necessarily need to require
the sounding of the business world.
The opp rtunity Of free speech by the
smen sent to congress, by men able to
exercise 1t, should be sufficient. Every
man who goes there Is .suppo to be
in touch with the people whom he.
represents. II he really and truely
#repsents them, the collective opinion
should be SUFFICIENT to meet all re-
quirements. s3s
( The needs outlined by Senator Al
drich are pressing In the extreme, and
have been for years. "a sound cur
rency and banking system Is needed,
but oven though the need be pressing
no system should be adopted hastily.
While the present system may be de-
lsfectiye, It ID better to let we'll enough
/ alone until the needs are SO thorough
WE nderstood remedial legislation
may beE enActed without the sem
Ablanres Of pertinent such as to again
Nno0ttle the financial affairs Of the