The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1909-11-26
FRIDAY, NOVEMBER 20, 1909
MANY BUSINESS PROBLEMS.

ri e. ( -. T.
MANY BUSlNESSPROBLEMS.
Nelson W. Aldrich, United States
Senator from Rhode Island, chairman
of the national monetary commission
i and chairman of senate committee or
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 ir
part:
"Acting within its unguestioned
authority congress will In the neal
future be called upon to attempt the
solution Of practical business ques.
tions vitality 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.
business men of the country the fact
that they must share in the responst-
bility for wise congressional legisla-
tion. No class of men is so infiuen-
tial In the creation Of public opinion,
and In our country the character OF
legistion must be based upon an in
taN.ge1t public opinion.
II will mention briefly some Of these
questions. First there Is q necessity
for reform In the character and ex-
tent Of the national expenditures. A
recent expert examination indicates
that q saving OF from 10 to 20 per cent
Of national expenses can be made, and
ct 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 and to the Sher-
man anti-trust act, for the purpose of
{ making this restrictive legislation eff
fectivein practical operation,
The national monetary commission
has assigned to 1t an important work.
IA sound and adequate currency and a
stable aud efficient banking system
are necessary for the continuance of
our successful national development.
THE legislative provisions to carry
into efect the Important reforms |
have indicated should be submitted to
the people for criticism and consider
atioll at the earliest possible mo-
ment. y
His suggestion that the application
Of business principles In the conduct
Of government affairs would save the
country 10 to 20 per. cent 10 . fact that
Nhas been recognized and commented
on BY the people for, 10, these many
years. IN fact II y : matter Of I'm
portancs that has been suggested in
thu westlto every man who has been
SAINT TO congress, yet to this day It has
awaited the champ ionship Of the die
tator from the smallest state IN the
union. II he has influence to bring
about : business method In the. con-
duct Of affairs Of the nation and actu-
ally does 80, the people viii change
Their opinion Of him for by his acts
he will cut loose from the tinterests
\ and sintrench himself In the hearts of
the people. Especially II application
Of business methods means the same
In governmental as In individual az
fairs, for no firm or corporation could
long exist conducted as is the govern
ment, ~ A II III.
The call to congress for the solution
of the practical business problems
does not necessarily need to require
the sounding Of the business world,
The opportunity Of free speech, by the
men sent to congress, BY men able to
\ exercise It, should be sufficient. Every
man who goes there Is supposed to be
I'M touch with the people whom he
represents. IL he really and truel,
/ repssnts them, the collective opinion
should 10 SUFFICIENT to meet all 70
quirements.
he needs outlined BY Senator AL
dtich are pressing In the extreme, ant
have been for years "a sound cur
rency and banking system IS needed
4 hut even though tho need be- pressing
] no system should bsS adopted hastily
While the present system may be- dc
i1ectivs, AZ d better 70 let we'll enough
alone until the nse1s aIe so thorough
~ understood remedial legislatiol
my be enacted Without the sam
hlance 81 experiment such g to agail
/ NJ little the financial affairs Of tn
ctnntsy. III this connection too, tn
centrAl hank propagation should b
touEolgally undsrst ood, before bein
a 81 ~.