The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-09-08

matically summed az the present ef-
fort for effective corporate control.
when he said: The radicals propose
10 destroy things generally. while the
conservatives. reading the signs Of the
times. realize the danger ~ the grow
Ing excitement among the masses of
the people and are seeking an exit
from the situation that win conserve
political liberty and industrial pros
perity" Whatever our final analysis
% the situation may De, We must pre-
serve the political ideals which have
made our nation great and we must
be careful not 10 endanger the coun-
try's material welfare, says Financial
America" which continues At the
very outset We should state that the
chief political ideal OF this country
has ever been. and must ever remain
IL it's destiny is 10 be fulfilled. the alb
solute liberty OF the individual A lib
erty which encourages and promotes
progress. industry and initiative. car
rying with II the positive and certain
guarantee that the fruits OF initiative
and enterprise shall be and remain to
the individual. or 10 a union OF indi-
viduals. as his or their sole and ex-
elusive possessions. for all time
In these days Of demagoguery. when
the destruction Of all corporations is
demanded by some and the reduction
OF private fortunes by others. it is per-
.tinent 10 emphasize the conflict of these
views. and their evident confiscatory
tendencies with the national idea OF
the political liberty Of each citizen and
what his industry. ability or foresight
enabled him To acquire And what Is
true Of the individual. i'm this connec-
ton. is equally true Of the corporation.
which differs from an individual mere
~ i'm the sense that it usually enjoys
perpetual existence and transacts bus
mess under a corporate name. Nothing
could be more destructive Of the po-
lltical and business future OF this
country than attempts to confiscate
private or corporate resources, or to
demolish great business enterprises.
SIMPLY btNdMEF AAlfN arc great anu
transact an immense volume Of bust
ness There is nothing criminal there
in. We should not forget that a cor
porate combination may be formed to
develop trade as we'll as 10 restrain It,
And we might bear in mind, with pro-
At 10 ourselves. the fact that by means
OF great combinations OF capital our
products have found a market i'm re-
hottest ports. and but for such agen-
Giles our marvellous commerce could
not be what II is today.
We have many economic issues to
consider before We put our hands and
seals TO the document containing the
new regulation Of interstate business
corporations. And at the threshold OF
our inquiry We must recognize and
preserve the corporation and its
good" features. We must also recog-
nize the present as an era In which in
divldual unrestricted competition is
dead and impossible OF resurrection.
The development Of orr wonderful re-
sources and the march of economic ev-
bluNIDi-d purely lTTeSlStlDle, onward,
natural force-pginted TO the great
corporation as our instruments OF sue
cess just as-unerringly az ever did the
needle TO the Pole. We are opposed To
monopoly and it's evils. In drawing a
distinction, however. we must be care
full. Narrowed down. the issue is plain
enough 10 the man OF common sense.
He asks that the corporate entity be
maintained and that a definite status
be assured these great agencies OF
business and prosperity. under which
they can pursue the ends Of their in
stituuon without molestation or hin
drance, In strict conformance with the
peoples rights. Such q sensible cor
poration policy would not violate the
political liberty" or industrial pros
perity" Of the nation.