Evening journal., 1914-09-09
AND labor
MUST Co together
John S. RoSSell Says One
Cannot Survive Without
the Other
TRANSITION PERIOD
IN NATIONS HISTORY


Safe Deposit Company, put in some
words of praise for President Woodrow /
Wilson in the course of his speech at 1
the Wilmington Idea dinner OF the
Wilmington merchants and representa- !
tiyes OF organized labor az the Hotel
DUPONT on monday night. Editors OF /
the Delmarvia Peninsula newspapers
were guests at the dinner Mr.. Rossell |
said:
"Mr. Toastmaster and Gentlemen; !
Our acknowledgement are due TO our
/ fellow citizens, who have labored so
zealously to make this day historic IN
the affairs of Wilmington, and, indeed,
in the entire Peninsula, and we may re-
ioice with them that they have so sue
cessfullv unified the people in a com
mon cause and that in advancing the
wilmington idea" they have been act
tuated by the highest and most patri-
otic motives. We may confidently eX-
pect that the memories of this day will
long endure and that hereafter in those
things that concern us as community
we will ever be ready to help one an
other. While we are assembled here 10
close, in this fitting manner, days
work well done, it win be most oppor-
tune and helpful to compare notes 70
some extent and 10 take a general sur
vey of our own field of labor.
"Let us, first of all, congratulate Our-
selves that we enjoy the blessing Of
peace ard that throughout the length
and breadth of our country there is no
fear of foreign aggression or internal
discord and that beyond our national
domain we are involved In no en-
tangling alliances. II ] may be permit
ted to coin phrase-'watchful waiting
won'-l believe that ] express the senti-
ment of the great body of the people OF
the United States when ! say that for
this we are indebted 10 the patience
and fOrbeurancc. to the craftsmanship
and love OF peace Of our great aud good
President. The horrors of the European
conflict. which have shocked the world
might have been repeated on our own
continent save for the keen foresight
, and determined purpose Of Woodrow
Wilson. Refusing 10 be influenced by
the few, conscious OF the grave respons-
/ ibility resting upon him and solicitous
! for the welfare of his countrymen, he
declined TO permit extreme resort TO
arms and won by diplomacy and peace
ful persuasion. a victory for humanity
that neither the Triple Alliance nor the
Triple Entente can hope To win, which
, ever may emerge successful from the
awful carnage aud desoation that mark
, the march and cOuntermarching of their
!. vast hosts. For ours is a victory for
Z charity and peace. theirs will be one OF
! hatred and warfare suspended but not
!. ended. We must not forget to learn the
/, obvious lesson of higher patriotism, q
: lesson that teaches the Importance Of
preaching and practising charity
against hatred and peace against war.
"Ihe financial situation presents NJ
great difficulties. Our banks and trusf
companies are absolutely sound They
are managed by men of known integ
rity and skill, and while ever changing
. needs may require realignment. th'
great accumulation of capital repre-
. sented by these institutions win prov,
the nations strong support in any
emergency that may arise. The ear,
and caution and the sound judgment
with which our banking business is now
being conducted Indicate nothing NOR
than that our fnanciers are equal (,
4 the occasion and will forcstal any un
toward incident that might bring about
, n repetition of the disturbances that IL
the past, have, for a time, embarrassed
2 our people in the pursuit of their ac
tiyities. We are now at the greatest
transition period in the history o
American banking. The new Fedora
? Reserve System, the best banking plan
known to the civilized world. is abou
& to be set in motion throughout th
country. This will be done wthou
appreciable commotion and with sucl
4 nicely and precision that the grea
wealth of the country, which this sys
tenn win control and regulate, will b.
made available for the needs of the peo
pie in all sections So we may fee
content with respect to our financial af
fairs and may turn a deaf ear to thos
unfortunates, who, in times of ex
> pectancy are much given TO lookin
4 on the dark side of things
"No one labors more self-sacriicingll
than the banker. He protects and aug
3 ments capital, but he is none the les
n laborer
"rhere is. in fact. no conflict be
tween capital and labor. They are 81
absolutely interdependent that one can
not survive without the other. Tn
A. achievements of man from the verl
dawn of civilization bear testimony 4
this great truth. And in these latte
we require than the construction of tn
Incompatible waterway that unites il
graceful harmony the Atlantic and Pa
r citc and promises to become Che con
netting link OF commerce, north an
= south, with its attendant better under
standing and closer trade relations tina
IS. will make for amity and good viii be
Or tween peoples too long stranger TO ON
al anotherg Who can estimate the benef
TO cent influence on the world at large @
IN the intercourse made possible by thi
en- successful and magnificent work-th
joint eifoIt of capital and labor. An
r: what has been thus brought abou
n. under the direction and control of on
government is possible in strictly in
C. dividual or collective enterprise. IL
n. unnecessary TO enlarge upon the we
understood practical application of tn
r. axiom that capital is no less dependen
N. upon lahor than labor upon capital, an
that the enduring success of any ma
IL tion-and Of none more than our own
e- can be best assured by the co-operatio
aud perfect accord of these two potter
Id. factors. Who shall place a limit upn
s the efforts Of labor 20 achieve its higl
est and best rewardg Who shall den
NJ: 70 capital its fullest and frecst oppo
IN. tunity to enlarge the sphere Of IFS usl
fulnoss
an "ln our social order. based upon n
nd dividual uprightness, individual rosnel
for the law, individual endeavor and IL
OIL dividual regard for one another. il is n
W / Cumbpnt uDOn every one To pXerriS