New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-12-15
JUBILEE CHEERS FOR TAFT
Southern Society Cheers and
Sings After Toast to President.
PRAISE FROM Mr.. LITTLET0N
Woodrow Wilson Hailed as Com
ing President-G Governor Elect
Dix Speaks of New South.

Dix Speaks of New South.
| High tributes to President Taft were feat
| ures OF the silver jubilee dinner OF the
| Southern Society at the Waldorf Astoria
last night. Both the POSTMASTER "iiiii"
McAdoo and Martin w. Littleton, ok
pressed the unbounded regard of the South
| for the man in the White House, ana VAL
ued his patriotism and discrimination IN
the appointment of a Confederate veteran
| to the chief justiceship of the nation
| 1T is customary to drink toast to the
| President at such gatherings said roast
| master McAdoo but this year W1s1 20
| make the ceremony more personal Wnen
| we contemplate the action OF the great
President in a recent appointment TO hlsh
office ought, l believe, to Drink 10 'ne
| health of William H Taft, PRESIDENT Oh
| the United States" The toast was received
| with outbursts of cheers and the singing
| Of America.
ACT Of Real Greatness"
| Martin w. Littleton, in his opening re-
marks, qualified the appointment OF Judge
| White as that act of real greatness by
Republican President in appointing that
| fine Southerner and great. jurist to the
| highest place on the Supreme Court bench.
It is a testimonial to the splendid forget
| fulness that has arisen over the events OF
| the past and the best omen for the future
Of the whole country.
THAT man, who was in the Confederate
| service, was summoned by a PRESIDENT
| from Ohio to serve in the highest judicial
position In the world. 1t shows that the
great President from Ohio and the great
| iurist from Louisiana found in the highest
court in the world a place where North
| and South and East and West can meet
| and work together for the common good
| of all parts of the country" Continuing
| Mr.. Lttleton said
| We may treat it certain that the bust
ness and commerce of our country Will go
backward or forward according as the gov
eminent deals with corporate rights ana
corporate privileges and corporate wrongs
slate; if the business and commerce of the
country rested in individual ownership, IN
partnerships, and we were considering tne
| question as to whether or not we would
allow them to be translated from this char
| acter of ownership into the distributive and
abundant experience which we have had:
] there are many considerations which could
| be presented.
| But we must deal with the plain facts in
| front of US, and these facts abundantly
/ show and establish the conclusion that our
! time and attention to the elimination of the
wrongs and evils which have grown up
with this collective development, and at the
| same time to devote our energy to the sup
port and vindcation Of the good and valu-
able which has been demonstrated by this
! collective ownership.
| One Of the great evils and dangers which
already discloSes itself, and which Will grow
with the future if it Is not stopped. is the
| reckless and unscientifc capitalization of
corporate enterprises Out of the total cap.
| ftal Of all the corporations which is in round
a great percentage Of it which does not
represent any real value. The evil effect of
this in the first instance was to enable pro.
motors to impose upon the purchasers OF
| the stock valueless shares. and the second.
and perhaps the more farreachlng evil, is
the fact that in whatever branch of indus
Germs are engaged, they are bound to dis
| turb its natural flow by reason OF the con-
| tinued obligation upon them to earn dlvi-
dend upon excessive capitalization.
Therefore. at the very root OF corporate
cedure by which in many OF the states they
are allowed to be incorporated is one OF the
| evils. There is no reason why: II the state
confers upon a group Of individuals the
great privileges which corporate charter
| does confer-there IS no reason why the
| ception that its organization is upon solid
| ground that its capital is in its treasury
or that the values upon which its capital Is Is
| will not do for us as nation to continue
! to fill the air with sort Of irredeemable
| hind which there never was and In many
| instances never will be any value.
These RESTRICTIONS are required by the COL
| lective character Of the industries, and they
! are demanded also because the great strain
| upon these excessively capitalized concerns
| to earn dividend causes them to disturb
| things in which they deal and to elevate
| them SO as to make the yield sufficient to
not be the remedy, but at the bottom of the
| corporate organization of the country this
surely is the defect.
| There a great outpouring of South
| erners from all over the city. and even
from points outside. Eight hundred per-
sons crowded the great ballroom floor
| while in the galleries the women of the
South challenged the admiration of all
who came either as members of the So
ciety or as visitors. The Southern songs
were sung with great gusto. and Dixie
| evoked the rebel yell with all It's intensity
as In the days which the various speakers
referred to so happily passed away and
| forgotten.
The souvenir programme Of the occasion
was in itself a memory OF the old South
ern life for the design on the cover was
the old negro nanny. showing her looking
after the baby, the boy, the youth and
the young going off to the war, as
so many Of her race did in the days whose
memory was evoked only to give occasion
| to the speakers to hope that the bitter feel
ings Of that time had passed forever
Governor elect Dix Speaks.
John A. Dix, Governor elect of this state
arrived at the dinner late in the evening
and delivered a short and practical address
While congratulating the Southern people on
their ideas and ideals, he expressed his sat
isfaction that the South Of to-day, without
abandoning its old Standards was taking its
rightful place in the Industrial progress of
the country.
From the Southland he said, comes
al. inspiration of the spirit of welfare and
conservation Of all that is noble in the
human race, and upon the altar of a ma
ton you have placed an offering of ever
lasting peace. a pledge to generations yet
unborn of devotion to high ideals of the
best and noblest citizenship"
In introducing DR.. Woodrow Wilson, Mr..
McAdoo referred to him a who
kept his word. There have been in this
ccuntry's political history three notable
examples of men who kept faith with the
people," he continued, Abraham Lincoln,
Grover Cleveland and Theodore Roose
velt" The cheers which greeted the name
OF the ex-President were vigorous to
cause a pause
Hail Wilson as Future President.
Each man became President of the
United States" Mr. McAdoo continued,
I'VE have already drunk to the health or