Evening journal., 1909-12-28
CROzIER ON
The ISSUES
Industrial Outlook Bright, But
the Trust is the Most I'M
pOrtant Problem
SCORES THE CENTRAL
BANK SUGGESTION

While home to spend Christmas in viii
mington with his family Alfred O. Cro-
zier, when asked about the industrial and
political outlook, said:
POLITICALLY, so far as Delaware is con-
cerned. / know nothing. My outside busi-
ness has required most of my time Of
late.
Nationally the situation is interesting
and serious. Great changes are due. Gov
ernor Hughes will win his fight to give
the people direct and real control over
their own affairs because it is right. The
days of the boss and machine are num-
bered. Organization and leadership is
needed, but It must represent issues and
serve instead of betraying the people. The
future is full of promise for those who
want real republic.
IF the lower house of the next con-
gress is Democratic, as it may be, it will
be due to Aldrich and Cannon and what
they represent. That each is an incubus
on the Republican party the rank and file
generally believe. one does not need to
be an insurgent to resent the attempt to
prostitute the great party of Lincoln to
the profit lust Of the special interests and
the rules forcing an elected representa-
tive Of a sovereign state to leave his place
on the floor of the legislative chamber and
on his knees in the private office Of the
speaker abjectly beg as favor what he
is entitled to as a constitutional right
permission 10 call up even the simplest
resolution or TO speak even one minute in
the interest of his constituents. Those two
men must be driven from power, not sim
ply for the welfare of the party. but for
the good Of the country. So long as one
dominates the Senate and the other the
House Wall street will 10 "A large extent
rule the people for its own benefit
president Taft. I believe, fully under
stands the situation. Naturally he must
use the tools that he has and make the
best of a bad system that he found in
trenched. Honest and fearless. yet judi
cial and just. he wants things done in an
orderly and effective manner. The people
viii reserve judgment until he has had a
chance.
Trust the Important Problem.
"The trust now Is the most serious Of
all problems. Not because it is a big cor
prices are largely due to trusts. In fact
the chief object OF their creation was to
destroy competition so as to increase
profits by advancing prices, lowering
wages and lengthening hours. Wall street
is the home Of all trusts. From there, by
means of the community Of interest be-
tween trusts, 1t is hoped to dominate for
selfish objects Congress- State legisla-
lures. and even courts and executive Of
1cers whose duty II is to enforce the laws.
The sugar frauds and other recent dis
closures seem TO indicate that with some
trusts crime for profit Is a habit. Such
trusts have not even the excuse Of an
impeliing hunger which usually actuates
the unincorporated thief. Stealing from
the government should be tho higher Of
fense. 1t is a species Of treason.
Trusts menace the very bread and but
ter Of almost every citizen. They must
take up and settle this problem in sheer
self-defense. This great fight will reach
climax in the next Congress. BY that
time Aldrich's monetary commission will
report. as was intended from the first, for
central government bank to be owned
privately. BY controlling this bank Wall
street expects to corner the entire money
supply of the people. contract and expand
at will the volume OF the public currency,
thereby wrecking business credit whole
sale and causing pancs whenever its
gambling operations and its steady policy
for the Industrial and financial conquest
of the nation may require. Such a bank
soon would destroy the independence and
ultimately the profits, to an extent, OF
all other banks II will be a great money
trust. the most dangerous Of all trusts,
/ for IL win control the life-blood Of all
business. Wall street has bought up 50
many large banks. insurance and trust
companies, thereby getting control Of bill
lions OF the peoples deposits and divert
ing much Of the same from legitimate
business all over the country into gamb-
ling and syndicating operations, that or
ganization Of a central government bank
controlled absolutely by the government
may be the only way by which the bank
ing system Of the country and the people s
deposits can be emancipated from Wall
street. The great monetary and banking
fight OF the near future will be over
whether the public currency shall be Is
sued and it's volume controlled by the
government or by a private corporation.
on one side viii be Wall street and its
trusts and on the other the honest and
independent banking interests and the
people of the United states.
Industrial Outlook Bright.
"IndustriaIly, the outlook is bright In
Utica. n Y. where my cement products
industry is located, many large mills are
running night and day. Railroads report
a large Increase in traffic and earnings
This IS a barometer Of the country's
business. Within few years freight con-
gestion will be intolerable Leading rail-
road men say it will require billions Of