The weekly Republican. (Plymouth, Ind.) 1911-1922, 1911-10-26


atty and large no inally, were us
tally part OF exp snditures inyolv-
my any ser-oAs - ard. They then
began to extend their financing to
cover the control and direction OF
all the more desirable lines of In
sesrment, and III many cases TO the
placing. CT those IN tie Enlargement 1
Sut OF sympathy with Western hab-
its. These Administrations, acting
Is collectors OF the rates OF hire for
eastern loaners OF money. were not
students OF Western needs and re-
auirements nor of Western charac-
ter.
1t was some time Eefore this phase
of Eastern Intervention was appar-
mt in any securities other than rail-
way stocks and bonds. An impress
sion exists that the call from the
East for returns on capitalization,
vas beyond fair speculative profit
and any real money spent, and that
on the latter amounts probably fair
interest was generally paid. This
feeling was one of the most import
ant influences in the early protests
against railway oppression. There
is further idea that Western men
supposedly in actual charge of trans
portation interests in their territory,
have been for long time so fully
dominated by New York and other
6nanciers as to policy and general
administration, that they have been
compelled to yield to 1.-THE financial
interests, not so much as to returns
on the loans actually made, but on
the securities issued. Whether prop
crlv or otherwise the West in time
resented this domination and separa
ton of control of properties from
the men of its own knowledge and
understanding. and finally brought
orth law to regulate rates and
then to make them. Investigation
teveloped that following the control
# transportation, Eastern fnanciers
who We're apparently prospecting very
Materially thereby. were seeking in
estment for surplus moneys and
Sere obtaining control of many i'm
portant lines of industrial business.
md the West adopted the convic-
lion that ere long this policy led TO
4 commercial vassalage TO the East.
IN the field OF fair competition this
night have been ignored. but West
ern reading and observation took TO
the conclusion that artificial rea-
sons encouraged and entrenched this
power. Then the young giant pre-
pared to fight for a fair distribution
Of the results of honest endeavor.
That fight now on it is the belief in
certain quarters. was precipitated by
the unreasonable demands of those
who have lacked THE foresight to
roperly forecast sentiment. 1t is
and culture from the East. who are
now part and parcel of the West
and who are in the forefront in its
.attle. While it is bloodlass Srevo-
luton it is as momentous as any this
country has ever had. and underiy-
ing it all is no socialism, no COM
munistie propaganda. but simply the
inherent call Of native America for
fair play. The West is Of the East
largely, but with more scope and
with a wider range of thought. 1t
is less concentrated upon itself and
n-ore open to reason. 1t is not hos
tile in any sense, except that of
democratic equality of opportunity,
as against what it regards the oil
garchy of special privilege. 1t has
been aroused not BY Eastern pros
peritv but by eastern injustice In its
nninion. in the award of results.
While realizing the financial aid
from Eastern SOURCES with apprecia-
ton. 1t insists that its resourceful
territory and its herucIean work. are
not TO be subordinate in the eonsid-
Grafton of returns. Tt believes its
own men are equal to a proper man
aecment of the enterprises it devel-
ms. aud that under equitable condi-
sons they can control them properly.
Wealth and its power having great
superiority in the long settled Fast.
IN find an opportunity for analysis
that NAV be Of inestimable value in
creating harmonious business condi-
tions. if there is a desire for such
state of affairs. 1t will entail
some concessions, the less of tradi-
ticnal belief perl rs. but no sacri-
fees that are in any way a menace
to general growth. nor of a charac-
ter to interrupt TIE comfort of liv-
ing among those affected thereby.