The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-11-11

humor hut the common sense OF a good
lawyer and an honest man"
The remedy for all this. as Mr.. Whit
ridge saw II. was for the United States to
pass some law in the line Of the Canadian
statute called the combines investi-
cation act
The speaking came from the rostrum,
which was high above the coffee cups.
There were plenty of well known faces
Tor the toast delverers to pick ont along
the tables. Here was one group that con-
tained Senator and Mrs. Depew. There
was one in which sat Samuel Untermyer
and Henry Clews. At the Taft table sat
James Speyer, Mrs Taft, Mrs. Griscom,
William NJ Chadbourne and John g..
NIlburn, Jr. About the room were Thomas
j. Ryan, Henry X. Towne. Robert e. Og-
den, Pierre jay. William G. McAdoo,
raymond B. Fosdick, Prof. George W.
kirchwey. the Rev. and Mrs. W. Merle
Smith. Hermann Nordden, Dr. and Mrs.
Albert Shaw, Miss Anne Morgan, Elmer
son McMillin, Richard $. S0tterlee, the
Countess +. II. Won Boss. Herman A.
Metz, Ida NJ. Tarbell. Francis Lynde Stet-
son. Benedict j. Greenhut, Otto Kemp
ner. Colgate Hoyt. Churchill II. Cutting,
Darwin p Kingsley. Otto II. Kahn. Simon
Guggenheim, Newman Erb, Grosvenor
II. Backus. Mr.. and Mrs. william D.
liaillard, >. Stanwood Menken, James =.
Dunstan and Ledyard =. Hale. There
We're two tables at which Kenesuke Seko,
lshiguro, X. Sarto, I. kovama, X. +.
,washlta, Count layanaeisawa and f.,
Hioki were sea ted
Samuel McCune Lindsay. president Of
the academy. explained in his introduce
tory remarks that last year the currency
problem was the subject considered
In the light of recent events the relations
between business and government We're
naturally to he discussed The first
speaker was Roberts Walker. genera
counsel for the Chicago. Rock Island and
Paclhc Railway Company. He. like
several OF the men who followed him. said
! that he had been asked to take the place
OF the late Robert Mather, to whom the
| toastmaster referred Mr.. Whitridge eX-
planned that the president showed his
good judgment when he had asked at eas
three speakers to fill MIR. Mather's place.
Mr.. Walker gave his hearers 10 under.
stand that the railroads had recently been
made To feel the paterual and sometimes
grandfatherly hand upon their arms. "
He thought that regulation had gone too
Tar for the good Of the public for whose
good the regulation was designed. His
idea was that in the supervision VI bust
hess II WAS too often held that business
meant simply railroads and the big cor
porations that dealt In oil and steel and
tobacco. lie wondered why they didn
regulate farming. To his mind the only
solution of the Country's problem in TINS
l'ne was to have business code in which
every gainful occupation except the law.
the ministry and few like callings should
he overlooked
George W. Perkins talked about New
lork's Responsibility As he saw 1t,
just es the Congress in Washington was
responsible for the nations laws 80 the
business congress here was responsible
for the industries Of the country.
IF New York would retain its SUI
premacy in commercial end financial
affairs said MIR Perkins. 1T cen do 50
only by keen realization Of its whole re-
sponsibility to the country es q whole;
10y cooperating with the people, by Seein 9
their point of view and giving due con-
slderation 10 the ideas they advance
IL New York wants financial supremacy.
II IT wants to be the commercial leader,
It must pay the price; and the price is
broad minded, statesmanlike leadership.
The other speakers were John Hays
Hammond and Prof Henry r Seager,
who teaches the boys at Columbia about
political science He had higher
opinion of government supervision than
the speakers who raped the enforce
ment of the Sherman law Senator
Albert b, Cumnins was down for toast
buf he cn1ldp't ha thera