Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-10-23
HONEY GIANTS CHlNCElDEAS
Captains Of Finance Nowadays Con-
slider Public.
NO LONGER DEFY PEOPLE
since Time Commodore Vanderbilt
said ''Publtc ne ID" Dif-
tsrent Attttade HAS Bsen
Fsstered,

RY pREslON {. ADAMS.

BY PRESION &. ADAMS,
eoJNrhsTs has been woSSdSrfa ShsnSs
m the atutude OF our Amenoan captain.
Of industry since William 4; Venderpin
'rne public be DID
Yes, indeed L may be, that some q
SoTporations feel in their hearts with the
late Mr., Vanderbilt but even they are not
saying y tor publication while y Is GER
who conduct our great business concerns
ana financial Institutions have come 70
realize that the public has very reSl
they snail be conducted, and Furthermore
that the public has the power and the VIII
10 exercise II 70 see that It's interests are
Therefore. instead Of Indignantly or pet
SnSy SinPs aug s sSpe anscg
merely 70 have the supervision conducted
on reasonable lines 50 a. not @ throw
not yet fully realized this modification has
taken place, yet it can be stated with ABB
soiuts confidence, even although the meta
morphosis has not been openly acknowl-
edged by y good many capitalist, The
most enlightened view today is that the
%s the sn SSs M ins Of modern bSsnes
methods 80 ~ to enable them 70 form an
or state Interference may 90 without en-
sucnees ihat would fan 9oi merely upon
cerned, but upon bond and stockholders
as well az employer,
Myth Being EHpIoded.
The myth that a chartered company u
some sort OF mysterious organisation With
| out soul and rot emenaele 90 law
! gradually is il being grasped that corpora
| tons represent the capital ana supply labor
t9r thoIs1nds q people whose lnssssss are
| r. little exaEEerRtlon to say that the people
Of the United States are me eorpSratl S,I,s
! try even though he be not an investor or
an HmplOyo OF a corporation, whose well
| fare Is not in some degree depenaent upon
It Is this cardinal faet-the common in
| terest OF the corporations and the public
| that our men OF affairs are striving to
| bring home to those who clothe our legisla-
| tors with authority The capitalist u seek
ing to convey and convince the world that
the so-cRlled working classes, but that he
m = necessary Gas well as Teas9naplel
| with the growth Of their feeling comes
4 the reasonable hope that the right remedy
OF the trust evils will be found and applied,
i Owing to the unsatisfactory condition OF
the copper and other metal markets during
/ the earlier part OF the year IL was generally
believed that 1910 would not be a profitable
year to the holders OF stock In American
mines and metallurgical works. With the
closing Of the third quarter OF the year
however, judging from the figures avail
able, the year, It Is believed, will close
| with record Of dividend disbursement
greater than that for any year in the his
tory OF the industry.
Between January / and October 1, l2'
mines and metallurgical works reporting e
the Mining World have paid dividends total
ing S55 ,Of, as compared with ftb,9I22ll
paid in the same period in 1909 by 100 com
pRnies. That the dividend payments Of
these mines and works are Of regular
occurrence is proved by the fact that slno,
Incorporation they have yielded profits
which permitted the disbursement among
| shareholders OF the enormous total o
$3.50, $685. El. Thia IL equivalent to a Tetari
Ct l13 per cent on the total Outstanding
capital OF t6Oo. 4f77sA