Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1912-05-20
INTERESTS
LIKE TAFT

John N. Klein, president of the Essex
County Roosevelt League and one of the
originators of the movement in this State
TO bring about the nomination of former
President Roosevelt, gave out a detailed
statement this morning, showing why, in
his opinion, President Taft should not ne
renominated. Mr.. Klein. who is a can
didatc for delegate, charges President
Taft with being allied with the trusts.
His statement in part follows:
| am opposed to TIE denomination and
reelection of Mr.. Taft for President be-
cause I am convinced that he and his
chief supporters do not represent th6'
wishes and ideals of the people of the
United States i'll regard to our govern
ment.
1t is evident that they wish to run
this government as they are running.
many of the larger corporations of the
country, and that they either are Lot
capable of seeing. or are not willing to
allow the Justice of an equal distribution
of the benefits to be derived from the
conduct of the public's business.
Many of the large corporations dong
an enormous business have dlnerent
grades of stock, the holders of which
derive QlHeTenI DentlltS lTuIl tho Soh
duct of the business.
Some of these corporations have first
| preferred stock, second preferred Stocks
third preferred stock and common stock.
This means that there are different
classes of stockholders and that III any
profit or benefit Is derived from tho
conduct Of the business, one class has
the first claim on these benefits. another
class has the second claim, and still
another class the third claim. Now,
after these preferred claims have been
satisfied. should there be any benefit re-
naming, it is distributed amongst the
holders of the common stock.
This Is the plan on which the 'speciai
interests are trying to run our busi-
ness. the government, and they are do
ing all that they can to have Mr.. Iaft
renominated because they either know
or think that he will allow them to run
the government along these lines:
This government of ours, this our
business. If you please, must have put
one class of stockholders, each having
an equal interest with every other one,
and each sharing equally In the profits
and benefits. of the business. We are all
holders of common stock. and no one Is
entitled to any preferred penehts. anu
1t Is our business to see that the officers
| nominated and elected to conduct the
| business for us believe as We do in this
matter, and will carry out our wishes
in this respect.
of Theodore Roosevelt for President, be-
cause | am convinced that he believes in
this equal distribution of benefits, AND
will see to ii that this method is carried
out. The choice between these two theo-
ries of government is now up. to the
people, and Il is ours to say. which we
desire. If the citizens of New jersey
wish the government conducted so thas
the benefits derived from it shall be d.
vided ~unequally to preferred persons,
they will support the candidacy of Mr..
Taft. If they believe that the benefits of
government should be equally divided
between all our citizens they will sup
because he is teaching the doctrine OF
the equal rights of all. n better and
higher standard Of social service to our
workers, a better opportunity for our
children and a square deal for every
citizen.