Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1913-04-17
MARSHALL RENEWS
OM|NOUS WARNING
TO MONEY BARONS
Unless Rich Change Attitude
Toward Government and So
ciety Descent Laws May
Be Repealed, He Says.
THREAT TO coNsPIRAToRs
CONSERVATION Provoked By Ut
terances of Vice President
1fges Business Conscience
to Thwart Socialism.
THREAT TO coNsPIRAToRs

New York, April Ills there con-
erted effort on the part OF certaiii
y,tuue of Wall street operators 10 als-
credit the Wilson administrator! pio
intimations of intrigue in high hnah-
cial circles lead Vice President Mar
shall to sound warning that the laws
of descent might be reversed so Una.
colossal fortunes might revert TO lhe
state il their possessors did not alter
their attitude toward government ana
society? These are the questions ,hat
arc agitating the minds of many rlch
men today.
The vice president first sounded ms
ominous warning in a speech Saturday
night before the National Democratic
club. Mr. Marshall last night author
ized the publication in Il local paper
of startling amplification of that adj
dress. Principally he urged the in1ec..,
tion of conscience into big business
mitted that he was not expressing
his personal opinions only. He de-
clared:
"Msn Of judgment have expressed to
me the opinion that if vote were taken
on. proposition to rake naa all estates t!ss
0VOF Iu0 6Utu OI VlSOsSSO 'SSS'e ~ s''S
state upon the death of the owner,
the 100000 being exempted, it would
be carried. 2 to I"
The vice president intended ms
words to be rather caution tiiah ..
threat. and vet he leaves their exact
interpretation ITO whom it may con
cern.'
Plays Bold Stroke.
Mr. Marshall was addressing himself
primarily to Wall street-that is, to the
men who make up the more or less
mysterious intangible money power
Uncountable are the onslaughts that
have been made upon this financial
citadel. For Years the land has echoed
with denunciation of it TO the clamor
of it's enemies and critics has been
mingled the despairing walls OF its sup
posed victims. until the innocent by
stander-and he is still numerous-has
been counfounded by it all. But no
public man, holding such an exalted
Office AZ vice president, has calmly and
deliberately, after careful reflection
.AAA@elong observation. warned Wall
street that 1t virtually may be de-
spoiled IL it does not reform.
Has Heard Threats.
1t is violating no confidence to say
that the vice president has received
intiinations which lead him to suspect
that there is intrigue against the new
administration in high financial circles.
He apprehends that men of more
than ordinary acumcn and even greater
wealth are coNertlH scheming to bring
confusion upon the Wilson regime UNI
less 1t restricts itself to a moderate
program of legislation and reform. He
thinks they may he conspirins to make
the country mistrust the president and
the democratic majority i'm congress
to dlscredit them before they are fairly
launched upon their experiment OF ran
ming the government upon lines and
in accordance with theories and prin-
ciples which are desisned, apparently.
to result in more general diffusion
Of the products of individual effort
An Awful Possibility.
He said: "Nothine but desire tc
arouse rich men to sense of their
danger would induce me to suggest this
what might happen to them here in
the great state of New York if those
who have not should take it into their
those who have7 They talk about vest
Cd rights, and in their talks assume
they have both an inherent and con
stitutional right to pass their property
down from generation to generation un-
Ell some reckless descendant shall have
mand the finest legal talent in the
world.
THAT this question may not be set
tied by me, let me ask their lawyers:
suppose governor and genera
assembly In the state of New York
should repeal the statute of descents
for real and personal property and the
statute with reference to the making
of wills. on their death. how n,cl
vested interest would any relative have
In the property which fell from theil
neryeless hands at the hour of dis
solution?
Privileges of State.
".The right to inherit and the right tt
devise are neither inherent nor consti-
tutfonal. but. on the contrary, they are
simply privileges given by the state t.
its citizens.
looking men read the returns of tn,
last election. Let them put on mask:
go down into the east side and heal
what people are saving about them
Let them not close their eyes ant
dream that what has been. forever will
be- All that Il man hath will be givel
for this life. and he is not wise who
having plenty risks it all to get a little
more"
Could Rescind Laws.
Although he mentioned no names,
reference be made to the founding ol
libraries and universities plainly show
ed that John d. Rockefeller and An.
drew Carnegie We're considered by hin
shining examples of the types of mel
to whom he was particularly address
ing himself.
The vice president contends that it i.
only by the sufferance of the state, ex
pressed in the forms of statutory law
that fortunes are now passed dowl
from father to son or to daughter O
widow. These laws could be rescindet
at the pleasure of the state. and pub
lie sentiment might be developed il
favor of 1t. which, in the Judgment o
Mr.. Marshall, would have to be re
sponded to by legislators; in fact. mel
would be elected on the promise t,
revolutionize the laws of descent ant
the making of wills.
"ShouId Heed Wilson,"
The vice president deprecated tin
spread of the doctrine of Carl Marx
for ne Is stronN ., VII, IN ms sso oppesltion I
re-enforced by thoughtless wealtl