The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-12-15

esty In corporate 'nana9smrns 10 assured
ono. the question of sxtortiou and opprsa-
sion j. rightiullv s.ttled. the final general
policy Of the Government should he deter
mined With q full understanding oI all the
facts. and With true purpo-s to allow the
course NJ economic development to he
shaped and settled IN an Intelligent and
CONTAGIOUS manner
The attitude at the national and State
governments toward business and com
merc- IN the first place should be dsfnit.
L. should not leave so the temperament
or IN" rr,CiHl Who may he In power that
v inch ought to lie plainly written In the
low Certainty IN the attitude which the
Government intends IN take and that
certainty rcdrced go plain words, would
mean more Tor the future development
and less nj future iumult than any other
single element in the treatment OF this
question. ~ the State governments and
the national Government wish Ia adopt q
~"Nrrr, disciplinary policy toward future
corporate business aud commerce, II IL will
write down What that policy is To be. and
make that policy plain. so that all business
and commerce will enter upon i,- future
development with its eyes wide open 60
IN" dangers and opportunities then the
bust ness OF the country can go ahead II
out OF this unsettled state into which We
have by our very prosperity been protected.
Ne could and would create an industrial
code by which future Industrial develop
menl can he guided and restrained and at
the same time safeguardsd. We would
achieve the chiefest advantage OF all gwv-
eminent and law certainty of polIcy
which would set NJ rest the disturbed and
morn or less iisoTganiSrd business Of the
country
The corporation is the most ingenious.
fexibl. and resourc.f,I d.y zee OF our noderm
civilization At first ss-ail-,i a. sort
Of enemy OF the human race because II ~as
made TO do many wrong and injurious
things. IL las been adopted finally a. the
most COW snient instrument for the or
ganiLation and carrying on Of all sorts and
kinds OF business
The largest and most far reaching effect
OF the inrorpO ra ion OF oil forms OF industry
and % all aspects OF value has been the
vide and almost incalcuIable distribution
OF values ana the creation Of such a vastly
numerous ownership OF these values
II We fail 20 see this radical change in the
value holding OF the world. or seeing II
faIl 10 tTeat IL lS fact: IL We attempt at one
period to apply the loose and irresponsible
rules which obtained before these collective
rights and duties developed and at another
period prosecute war Of determination
IT We insist one day on the naked indiviG-
unliSm OF Ihe fron,iersman IN the midst
new duties and imposes new obligations
and the newt day institute a crusade which
blindly strikes at this collective growth
because We have neglected to treat IL Inteii-
gently. then We will invite socialism az the
final alternative
We must deal with the plain facts in front
of Us. and thos" facts abundantly show and
establish the conclusion that our future
progress requires Va to devote our tim. and
sk.
and evils which have grown up with this
collective development and at the same
time 20 devote our energy to the support
and Nindication OF the good and valuable
which has been demonstrated ny this col !
IeDtiVe ownership.
Mr. McAdoo next introduced DR. Wilson |
and suggested q toast 10 "A future Presi- |
dent Of the United States The $50 at /
{ h., tables and In the crowded boxes arose !
with a whoop.
COY ernor elect Wilson spoke on the toast |
: Past and Present Societies like that |
OF the Southerners. he said seem To- |
store up the emotional force which |
gives character TO our action from day !
To- day.
When Southern men therefore Mr.. |
Wilson continued, Address themselves 4
TO the discussion OF the present day their 1
force in no small part comes out of the 1
past. so fun for them OF "reminiscences
I cannot of course undertak. to
analyzs just what u IL that Southern
men have got out of tn. past but there
are some things obvious enough. In
IN. first place, there il among Southern
men a singular consciousness Of solidarity
They have acquired ia an unusual degree
the sense 81 obligation TO the neighbor-
hood The men OF tho South and old
New England were bred neighbors and
partook 81 common thoughts whicU
formed them much more than they were
conscious Of
1t happens that tho particular prob
em Of the present 10 to express national
purpose IN action without loss OF local
vitality II is 10 combine local lndividu-
Alism with national energy.
y good deal OF our recent discussion
about Federal power and State powers
reais them as IL they were In antagon-
sn with each other No sane or public
spirited man is Jealous Of Federal power
Every one who looks discerningly upon
he present problems Of the Union must
see thai interests Nhich are truly nat iopsl
must be taken care OF by Federal action
But what wish 10 guard against ~
the a,rophy OF the local agency the
a weakening Of those great instrumental
ties which have vitAlized our crsnmuni-
lies everywhere and made self govern
ment a human relation. What We wish
TO prevent IL anything which will relieve
our people from the necessity az taking
care of themselves. Our system 81
government has been great because it
has put upon the States the necessity Of
working out their own problems and has
put the people everywhere upon their
neftIe: has lef, their economic and social
aalv alton to- their own discernment and
heir own exertion. Tho present prob
em Of our politics is not how TO redivide
he powers OF government but how
% revitalize and rs>diGnify and redeem
he bowers Of the States
More -eeeyips' greeted Mr. Dix when
i. arrived, at the conclusion Of Governor.
.lect Wilson's speech. Mr.. Dix spoke
4 the proverbial hospitality Of the South
md said he was glad the members OF the
southern society had brought good
,it Of their own good qualities TO New
FORK.
A change Is coming over the South
4 to-day, Mr. Dix continued Without
osing any Of your devotion % idsals,
sithotIt abandoning any old standards,
'ot are taking your right place In the
Industrial progress Of the country by tho
os ypsr natural resources.
BY the growth Of your great staples
md their manufacture almost at the
,oin, at which they are grown you are
Idding TO the wealth OF our common