Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-01-30

jority of business men everywhere
goes with them. We shall now be
their Spokesman That is the strength
Of our position and the sure prophecy
Of what will ensue when our reason
able work is done.
HOW TO BRING HARMONY.
When serious contest ends. when
men unite in opinion and purpose,
those who are to change their ways
Of business joining with those who
ask for the change, it is possible to
effect it in a way in which prudent
and thoughtful and patriotic men
would wish to see it brought about,
with as few, as slight, as easy and
simple business establishments as pos.
sible in the circumstances, nothing es-
sentiaI disturbed, nothing torn up by
the roots, no parts rent asunder which
can be left in wholesome combination.
Fortunately, no measures Of sweep.
ing or novel change are necessary.
1t will be understood that our object
is not to unsettle business or any
where seriously to break its establish.
ed courses athwart. On the contrary,
We desire the laws we are now about
to pass to be the bulwarks and safe
guards of industry against the forces
that have disturbed it. What We have
to do can be done in new spirit. in
thoughtful moderation, without revo.
luton of any untoward kind.
PRIVATE TRUSTS" MINUS
DEFENSE.
I'VE are all agreed that private
monopoly is indefensible and intoler
able, and our program is founded or
that conviction. 1t will be a com
parative but not a radical or unac
ceptable program and these are its
items, the changes which opinion de-
nberately sanctions and for which
business awaits:
ut awaits with acquiescence, in the
first place, for laws which will eff
fectually prohibit and prevent such
interloeking of the personnel of the
directorates of the great corporations
banks and railroads, industrial
commercial and public service bodies
as in effect result in making those
who borrow and those who lend prac-
tieaIly one and the same. those who
sell and those who buy but the same
persons trading with one another I'M
der different names and In different
combinations, and those who affect to
compete in fact partners and mas
tiers of some whole field Of business
Sufficient time should be allowed, OF
course, in which to effect these
changes of organizations, without IN
convenience or confusion.
+ - HOW TO CURE EVIL.
Such a prohibition will work much
more than a mere negative good by
correcting the serious evils which
have arisen because, for example, the
men who have been the directing
spirits of the great investment banks
have usurped the place which be-
longs to independent industrial man,
agement working in its own behalf.
+. at will bring new men. new ener'
gies, a new spirit of initiative, new
blood. into the management of our
great business enterprises. 1t will
open the field of industrial develop
ment and origination to scores of men
who have been obliged to serve when
their abilities entitled them to direct.
1t will immensely hearten the young
men coming on and will greatly enrich
the business activities of the whole
country.
HARM FROM RAILROAD JUGGLERY
"In the second place, business men
as we'll as those who direct public
affairs, now recognize, and recognize
with painful clearness, the great harm
and injustice which has been done to
many, If not all, of the great railroad
systems Of the country by the way in
which they have financed and their
own distinctive interests subordinated
10 the interests of the men who
financed them and of other business
enterprises which those men wished
TO promote,
THE country is ready, therefore, to
accept. and accept with relief, as we'll
as approval, law which will confer
On the Interstate Commerce Commits
sion the power to superintend and
regulate the financial operations by
which tho railroads arc henCofnrth Tn