New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-09-29
Must Prevent Political Control.


do not go into the details, except 70
say that they must be carefully WORKED
ont for the purpose II preventing IN" po-
IiticaI control OF the monetary situation
or control by the large banks on wan
Street Such system Is abs9iuteIl mes
sarv for the progress ot business IN thls
country. We must have system IN Wnlg,4l
the merchants have confidence lhal IL WI
be scientifically run, and with We" Only
TO the public interest
/ have thus reviewed four subjects m
which the action Of the government has
a direct relation 10 business, and ! have
discussed them with a view 10 the con
clusion which would now like 70 state
The evils which the interstate COM
roerce law and the anti trust law were
ado pied TO correct are m the process OF
beina reredied. They were evils tnat
required hostile legislation TO stamp
then, out. and need constant vigilance IN
the future to prevent their recurrence.
The difficulty is that the indignation
caused by the evils aroused a sFlrlc OF
sntaoonsn and bitterness which IS now
difficult 70 allay and which nanlfests It
self in action Of hostile character
whenever occasion arises. ne same
thna may be said Of the excessive farm.
The fact that banking and currency
necessarily concern banks and those in
stitutions that gather together money
attracts the hostility OF men IN politics,
who thrive by stlrrlno up envy and
hatred and who live chiefly upon the de-
runciaton Of the industrious, the
thrifty and the successful in business.
have considered these points with
view 10 an appeal 10 the public IN behalf
Of reasonable, moderate action and treat
r1ent for the purpose OF encouraging the
investment Of capital and OF promoting
prosperity. I deprecate VindictlVe feel
inc against railway corporations, against
the competing parts OF trusts after they
have complied with DEGREES OF courts
disinteqrating them, against reasonable
treatment Of the businesses dependent on
the tariff, or against the solution OF the
monetary question which appeals TO all
reasonable and experienced men.
"All in the Same Boat
We ir this country are all in the same
boat. Speeches made In one part or the
country 10 arouse the people Of that region
against the enterprises or business OF an
other are made by the blindest men. Let
there be prOstratiou of business I'm one
large section and that prOstrauOn viii
spread quickly 20 all the rest.
What makes men happy What furnishes
shoes and clothes and good, wholesome
food 70 the family OF father and mother
and children but prosperous times IN which
labor ~ in high demand, wages are good,
sales are plenty. prices are normal and
everybody Is sharing in the general pros
In attempting 70 rid ourselves of the evils
trat were growing in business so as TO put
dangerous power Into the hands or cOncen-
trated wealth. we had 10 do many things
that savored Of hostility 70 capital, at least
to The capital which was engaged in those
things that IL was thought necessary 10 en-
act statutes 70 condemn. am no defender
of those evils. on the contrary, ! have
bseu as strongly in favor Of their sup
preston by statutes made effective as any
one: but ! think We have arrived AT time
when the people themselves ought 10 dc-
o1Iira sufficient perception into the opera
ton Of economic forces 10 realize that
sectional prejudice leading 70 legislation
country VIII ~ certainly rebound 70 the
detriment Of another as night will follow
dav We are IN the same boat We are all
tossed by the same waves. Why then.
should we allow the political fortunes Of
anv man or SCI Of men 90 mislead VI into
hostility toward parts Of the country
u hich ~ certain 10 work injury 20 sll2
n is not progressive policy in any true
sense 20 be hostile 10 prosperity Of any
nart of the country. II is not progressive
10 10 against a railway corporation because
IN is a railway corporation. u is progres-
s,ve 70 take measures by statutes which
sbaU regulate railways and prevent their
recurring 70 evils Of which they have been
guilty IN the past, but assuming them 10
be engaged In lawful business, u Is OF the
highest interest that We should secure TO
tLorn reasonable rates. 50 that their share
boIders NAV have q profit, and that ye
sbould not enact legislation IN a spirit 81
hostility and think that merely because We
have hit railway corporation and Injured
~ we have done something FOR the public
GOOD ANY other view u Lacking in sanity.
80 IL ie that spirit OF unreasOninC and am
rea sonable antagonism which political eN-
igencv seems TO develop and against which
The complaints Of business men may with
nroprietv and good reason he directed.
OF course, we are all anxious to pre-
vent the acquisition OF undue profits by
anvbody, whether IN the form Of dis
terminating rates and rebates or by
combination IN restraint OF trade, or by
any other means which IS unlawful or
ironrop-r: bat we ought not 10 allow
our fear that something Of that sort ray
happen 10 lead US on to a general att
tude OF enrn!ty toward the accumulation
OF money by thrift and foresight and
n rs lawful investment IN great snter-
prise for reasonable profit
An Evil Hard TO Eradicate.
The misfortune Of the situation ! per
fsctIv realize II Is one OF the inevitable
ronseouences Of a deep-rOOted evil You
Cannot eradicate IL by popular movement
rithout the movement becoming SO very
strong as 10 be carried for the time be-
vond the median line Of common sense and
irto thf extremities Of un-ee sonableness.
We have reached a point where we
can call halt, not in the progressive
movement TO keep business free from
these abuses, but where we can call