The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-20

TO end only in the establishment Of more
commission government of economic en-
deavor. This means the further transfer
nation OF our republican institutions from
government Of law applied by the
courts in accordance with the permanent
VIII OF the people to government by
men following only the dictates OF political
expediency ascertained in accordance with
the surface shifts in tho currents Of popu-
lar sentiment
There is more 10 be said on the text Of
tho Interstate Commerce Commissions re-
port on the New Haven. Offensive to the
later ideas OF financial and corporate con-
duct as much OF the economic record OF the
last decade now appears, n IL no more
offensive and no more q menace than tho
political code Of morals which has not
begun TO square with the ethical con-
cepts that are to-day receiving a wide
subscription In the financial and business
world. There Ii something hideously ga
tirical In the submission OF the Inter-
state Commerce Commissions New Haven
report to Congress- which maintains the
fraud or excessive pensions and peren-
nially votes a wasteful squander Of pub
lie FUNDS through river. harbor and build
ing ollls Intended TO brihe Congressional
constituencies into granting reelection
Tor those Industrious Representatives
ana senators who have procured expendi-
lures IN tnelr districts and States
tragic as the fate OF the New Haven
mas Deen II Is made even more trsR1c
by the condemnation visited upon n bo-
Tore a Congress which votes itself travel
ices or 20 cents mile over railroads
that are POLITICALLY held to be extrayp-
gantiy remunerated at two cents a mile
Tor hauling the general public The same
congress habitually sees to Il that the
railroads are underpsid by the Govern
nent Tor CARVING no
Ing the parcel post service. tho under
payment being made moro g1ar1nR by
congressional abuse OF the Thanking
privilege. II IL the same Congress- which
ievies class taxes and contemplates class
LEGISLATION in the proposed exemption of
iaoor and agricultural unions from the
laws against conspiracy to which ali
other citizens are held
Nor can politics be omitted from the
Ilst OF factors responsible for causing or
perpetuatlng business and financial depres-
son Everything Of which business ana
flnance stands politically accused can be
matched by political cowardicc and dis
honesty. More than that, politics sup
ports programme which has an obvi-
Gus design to limit the possible profits OF
corporate endeavor and to diminish the
economic rewards OF foresight, ingenuity
energy and thrift, the political theory be-
ing that there are votes In proclaiming an
'duhhH"tol VI pTOntS through Govern
ment supervised distribution. Altogether
too much of the political prospectus Of
the last few years and the present dan re-
solves Itself into communistic clements.
ana this prospectus has had the conse-
quence Of administering tremendous
check to the Inauguration and prosecution
of new enterprise on which the general
prosperity depends.
Nevertheless In a very spotty and ir-
regular manner business has this month
been responding 10 the splendid crop sltua-
ton. and n further regeneration OF trade
and industry may he expected II the crop
promise Is sustained through tho few
weeks which remain before there can he
n reasonable certainty "a to the harvests.
European conditions since the mldyear
have been disappointing, but our own
position seems TO be fundamentally strong
and there needs be only some encourage
ment 20 a gradual restoration Of conf
dence 10 enable the country to proceed
toward recovery OF volumes and values
Perhaps such an encouragement may
come from the signs usually discernlble
10y the end of August i'm years OF national
elections as to the popular feeling and
the probable tendency OF the November
vote
II is OF great significance. furthermore,
that among men OF the financial and
business generation. IN whose hands the
direction OF affairs is going 20 be in
the coming decade. there 10 a feeling
that tho bottom of depression has been
reached and that, however delayed the
start OF the upward Journey. the way
ahead lies uphill.