New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-18
Predicts Business Boom.

4
Predicts Business Boom.
Mr. Nissen said the country was Still
struggling under the panic Of 1901. but the
sisns Of the times pointed 10 the greatest
business boom the country had ever seen
He urged his hearers TO go home and dispel
pessimisr and make prosperity vhirl and
hum
Mrs Harriet Fisher, who IS the head o..
a Trenton company that manufactures
anvils. K the only woman member Of the
organization. She sat at the guest table
and was called on for speech Much en-
barrassed, she said. 7 can only urge YOU
oy this flag waving a small American
hac 10 defend your homes and let the
women help you"
Howard Elliott. president % the North
ern Pacific Railway. defended the railroads
ard large business combinations generally
against the ruckraker ard objected
strongly to TOO much government regula-
ton. He SAID
Manufacturers need constantly grow
ing market for their products and there
are large areas n the United states ca
paoie OF supporting much greater popu-
!auon TRAN they have - present q. agri-
culture and transportation both succeed
In some % these states there are re-
gions winch cannot be developed properly
without more transportation In Eastern
Montana, either Maine $500 square r,!les)
or Indiana $3.50 square niles could be
placed and no railroad would touch -
In Central Oregon the Northern Pacinc
Great Northern and Union Pacific are
building some railroads opening a part OF
the state N which until this recent cen
strucuon. the great state Of Ohio Gl0cD
square miles, could be placed and not q
hold the great state OF New York uitr
Rhode Island and the District Of Column
b. thrown IN for good measure.
The American railroad Owners and man
ayers have done q great work r creating
the great transportation machine as il
exists TO-DAY. and thew can progress still
further and 10 better work 4 NOT too much
hamperel and discouraged. The railroad
owner r. MS courage. energy and intelh-
cence n adopting advanced methods. has
OF the United states steadily in the last
forty wears and still maintain and operate
MS property IN spite OF this reduction IN
rates II the railroad user had paid in
f110 the same average freight rate as in
1870 he would have paid s. 0eZ $50 300 more
than he did pay # he had paid the same
AVERAGE rate per passenger mile N 1910 as
IN 1sS the additional payment would have
Greater than the entire earnings Of all the
r-ritad States railroads IN the last year
The individual citizen. however. who By
hi voice and vote makes or permits 20 be
wade the drastic Laws now applicable 70
The railroads must remember that the rail-
rosds must either earn or borrow the
roonev needed 20 improve the existing
roads and 10 build new ones II adequate
service IS 10 he given.
Reasonable Regulation Desirable.
Publicity OF corporation atairs ana rea-
-orahle regulation OF the great business
irst1tuttons OF the country are desirable.
hut attempting 20 manage IN detail such
concerns and continual ana fooNsh inter-
fererce Nth the judgment or the men
/ trained in that management - un"'se ana
.n-A,,arican such policv tends - Grip
ne thA splendid initiative that has accom- j.
plshed so much 40 10 me pItstnI llise
With that initiative unimpalreu ana En-
/ coursged 10 act far better results VIII De
accomplished for the whole country nan
under the Management or ,ue So ,'',. ,ii
! Putting a government UNIFORM on IdL-
I road emplove does no. make MN ehti
getic or infallible and u VIII reduee MS
feeling OF respons bllltY ,,s 49,.
While the attacks on me Idi4iohHo -. j,
not ceased similar action u no" nelhS
| considered and taken against many gliIrrl
/ forms OF business and unless NAV -
/ arouse themselves and take some
! part IN trying 10 create sane. ny ia
diced public opinion about business We
/ troubles that are now confronting the o"
/ ers and managers Of railroads VIII spIei'tt
/ and confront the owners and managers OF
manv other kinds 81 property 4..
/ Lincoln said The country COuld not fA4St
1 half slave and half free ana l9
4 grave question whether tie ldliLpd'T a.
! continue 10 meet the demands or ne pcu,
/ pie and be the efficient instruments tln'
/ they should be If owned BY private moi,
I viduals but m all important matters %, oI
/ management except finance. practi'aHy
/ directed by governmental authority.
The other speakers we're Representative
/ I'VE. ~ Minnesota judge ". n speer' o'
/ the Circuit court Of New jersey, and john
KIRBY ir. president Of the association
/ The directors 81 the association agains'
vbonl, the $4,000 libel suit has been
brought. IN addition 70 Mr.. kirby, are =
4 sullman and Ludwig Nissen, 81 TINS
/ civ. ] e. Bluelle. 81 Columbus. C. >
/ ...-,,t.ro az Porkferd Ill. IL :.