The weekly Republican. (Plymouth, Ind.) 1911-1922, 1911-10-26
EASTERN MONEY BLAMED
Holders of Funds Not Only Want
To Make the Loans But Dictate
the Policies of Western
Enterprise.

Trade and Transportation Bureau
for the. promotion of Industrial
Peace. I'D and 723 Southern Build
ing. Washington, d. c.. Oct. 20
Explanatory of the present business
unrest and lack of active markets.
the cause seems to be the protest of
Western sentiment among the mass
es. against the futher extension of
Eastern financial control over the
business territory of the former
region. in the manner it is under
stood the East desires. 1t is so far
as can be approximated. not oppo-
sition 10 property rights. not to
great wealth acquired under more
equitable conditions, but insurgenee
as to conditions making wealth pos
sible If feudal power. Such a con-
fict is almost irrepressible if an at
tempt Is made to maintain the pres
ent status. The most important
factor therefore In industrial peace
is wealth. for it can either with
draw its surplus from business and
create great distress or it can listen
to proposals with a genuine desire
to remedy evils, and take its part in
a fair adjustment. To make clear
the impressions gained through talks
with many most deeply absorbed in
solution of the problem and anx-
iouS for less ilharmeniOus condi-
tion. it is worth while detailing the
aggregate opinion and Of interest to
every unbiased reader. In a con-
crete form it takes the position. that
age and accumulated wealth have es-
-tablished business in the East in
certain accepted grooves and have
brought about a conservative salts
faction with the result. apparently
not to be influence by suggestions
as to changes, from any other seq
ton of country. During the time
that this situation was crystalizing,
and its effect reduced the channels
for independent enterprise, and
placed the control of business IN
fewer hands. there was large move
ment of educated eastern men into
the region of more varied opportun-
itv, TIE growing West. With its
1imitless possibilities. its rich re-
sources, and its chance for less
hampered use of individual capacity
1t has held and made permanent
part cf it, the majority n those who
have been attracted by its cparm.
The effect of this immigration has
been the creation Of a giant EN-
pire teycnd the Mississippi.
For many years the material re-
wards we're equal to the antieipa-
tions of the strenuous workers whC
had followed the Western star. i
Is true that in many eases the money
for numbers If its most importan
enterprises was furnished by tn,
East-at a profitable per cent O
course In commissions and interes
charges-but fnanciers made no at
tempt to control and operate tn
private lines of business. Thos
who inaugurated great improve
ments were able through directing
their own affairs understandingly, t.
prosper and paw the obligations du
In the East. and there was no sec
tionaI discount of any pronounce
type. Western lands offered grea
advantages for agriculture over any
thing east of the Allegheny Noun
tains, and this pursuit was abandon
ed in any large degree in that see
1ion OF country. and mining an
manufacturing took its place an
described its capital. Concentration
u business into fewer bands pre-
ceeded REGULARLY. and rapidly tn
territory in commercial sense be
came proeorporate. Foreign imi
grafton remained in the East t
meet TIE demand for labor, an
much: of it was not only foreign i
birth but In sentiment. and grca
deal of it without education in til
land from whence it came, and ayal
able only as unskilled workers. A
this influx continued to peur into til
centers of the East it lowered sth
average of education and general in