The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1910-09-15

] 80
ment. such plan IL failure.
when one is to be assaile'
and dominated by another. that mean
{ the decay OF republic and the bud
rise OF military domination under th'
dictstions OF an executive and the de
cay Of popular Will.
We look back on one hundred ant
thirty-fivs years Of the administra
tion OF its department OF gov, gov,
Of tho United states and deny
that there is cause for It's criticism al
a department of government There
is vast difference between the pro-
priety OF doubling the fitness OF TINS
or that particular Judge Of this great
court. Indeed. II would be marvellous
II OF all these numerous Judges each
and, every one had filled tho fun
cannot concede that the weakness OF
a single man 10 just reason for con
dsmuation OF that great court as
branch OF our government, but every
true American can point with PRIDE
to the patriotic and distinguished ser
vice that our government has enjoyed
from its supreme judicial servants.
Is the Roosevelt OF today who wouid
reflect upon the integrity and ettl-
cheney OF the entire Supreme Court tho
same Roosevelt who in 1896 condemned
others for the criticism OF all individ-
ual Judge OF that court?
Is II building for the welfare OF our
country when the leaders OF pubic
thought breed lack OF respect or en-
courage contempt for our great insti-
tutiOns2
II there are unfit men in the public
service, in the wisdom OF our fore
fathers there is provision for sub
ltltuting better men, but there Is
no Jurisdiction for an effort to dis
credit an important department OF
government.
sTOCk EXCHANGE METHODS.
Colonel Roosevelt today deplores
many OF the practices of our great
stock exchanges. We find his declsra-
tions rich in generalities but want
Ing In particulars. We must thefe-
fore analyZe for ourselves. ana, view %
ins the broad necessities OF our coun,
try, we must concede that capital
has It's rights and must have Its rea-
sonable privileges. That these great
clearing houses where interests In
our great enterprises may be marketed
are indispensable to the legitimate
nitude, and II 10 not TO be matter
OF surprise that those who conduct
them Will formulate their own rules
where the laws Of the land are silent.
1t Is not matter OF surprise that these
men OF human nature Will avail them
selves OF the fullest limit OF the law
In the natural human selfishness that
treats personal gain as thelr flrst
consideration, and scarcely can We
condemn selfish practices not limited
BY legal restraint, and yet for a gem
Grafton the people of the United
States In general have suffered loss
and financial oppression because or
the financial power and business meth
DDS OF these institutions and the leader
among all of them is the stock eN-
change in Roosevelts own state.
For want OF legal restraint II lists
inflated securities issued for little or
no value received. based upon the
hope of future earnings the result OF
unlawful or unwarranted destruction
OF competition; based upon intangible
assets franchises and privileges OBJ
tanned by an evasion OF the law rather
than by permission OF the law; based
upon the presence OF eXorbitant tar
lff protection, an unjust favor for the
present and the hope for its perpetulty.
IL becomes a house OF gambling. In
that short-selling margin trans
actions and wash Sneoranrs sales are made as
legitimate and bona fide transac-
tions. 1t unsettles and disturbs
and makes uncertain the finances OF
our entire country, In that the con-
centration of wealth for the bull or
the bear movement dominated by the
few, curtails the legitimate demands
for the financing OF the commerce and
business OF our entire land.
The improper practices or these
and the substantial finances and busi-
nes. Of the country be in no way hin
dered: but, In fact, greatly behttlteu
by eliminating the gambler ana en- %
couraIing bona fide traffic In leBti-
mate securities. The capitalization or
our great enterprises and industries
would be better II relieved of the
taint OF association OF the capitaliZa
tion OF inflated and questionable en-
terprises
The state OF New York. the home OF
the greatest stock exchange I'm Ameri-
ca owed. not alone to Its own people
but to people OF every other state IN
the union, the enactment OF laws that
would easily accomplish these pur-
poses.
Colonel Roosevelt was n member OF
the New York Legislature. Does II
stand to his credit that he made any
effort to enact such laws?
Colonel Roosevelt was later COVER
nor OF that great state. Does II stand
30 his credit that he ever recommended.
encouraged or urged tho adoption OF
any such laws?
We find II not
dent OF the United states Tor over
seven years and in so far as the prac-
tices Of this great exchange we're &c
structive OF the high character and
credit that II should enjoy ana op.
presslve upon the producing element
81 our entire land, the simple clos
ing OF the United states mall against
the transportation and distribution OF
the personal correspondence and the
newspapers and magazines that ad-
vertised the existence OF this
exchange would have as effectively
DESTROYED these Objectionable features
as it did destroy the great louisiana
lottery. and to certainty these
questionable practices were as much
an unlawful prey upon the wealth OF
our country a. could possibly be tho
uncertainty OF purchasing the looslng
lottery ticket. and vet we find not one
word in the official record made by
President Roosevelt seeking 10 pro-
tect the people of this country by
postoffice department regulations or
urging the congress TO supply any
deficiency In authority TO accomplish
in n practical wav what endless talk
upon tho platform. no matter how de-
termlned in tone can ever accomplish.
II all this official career In place or
mower where good might have been
done was lived away without an effort
80 protect the public must We take
these declarations OF today as eS-
pressIons Of regret for negligence of
tho past and promise TO do better In
the future or shall we take them as
mere conversation offered as sub
stItute for genuine conservation
UNLAWFUL COMBINATION.
Colonel Roosevelt now declares that
there should he no combination OF
tiou or business proprrtie. destructive
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