Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1914-01-20

have the vexatious rate question an;
swered without unnecessary further
delay. The stock market felt better
The close confederation Of bank
ers, millionaire brokers and free aht
Independent promoters is going ap
idly thr0ughtea process of disintegra
ton. designations" Of millionaires
multi.millionaires and rich and retir.
led notables from the directories are
becoming of greater frequency. Per
petual change of business secrets il
a calling that is losing caste. IT.
practitioners of note are taking un'
usually early foreign trips and thell
departures are very frequently signal
ICED by the publication of lists of res
ignatiODs from accommodation mem.
berships on boards of powerful and
strangely affiliated banks, brokerage
Offices, promoters and absurdly opu,
lent half.idlers.
1t was not regarded as q violation
of the rules of propriety for close as
scciates in midday lunch clubs, Of
which there are many in the down.
town section, to indulge in sacred in.
terchange Of business c0nfiiences.
Bitter complaints have been whis-
pered in the financial section con.
corning these violations of the I'm.
written code, and in several recent
cases the newspapers have given
space to resignation lists that set
the tongues Of those in the know"
to wagging industriously-in u wills
per. 80"
4 RRRyobicm Grows nHpentiat:
Nf6ery tub on its oHiIS B8ttUm'' is
the problem that is recognized as
growingly influential in the financial
district. TO be in official association
with rich and Influential fellow citi.
Gems was considered a high honor,
and not q few made it their sacred
business to enjoy this honor in as
many organizations and clubs as
could be arranged for. lntrinsically
there Is nothing improper in the po-
sitt0n Of dictatorship in q corporation
Of good repute. but tho practice has
been abused and those who have gone
far with it have laid themselves open
to criticism. In some cases 1t. is, re:
garded as a covert dig to ask q man
OF standing If he is still a director
In this, that or the other .organiza.
ton, or why he has resigned. The
atmosphere of the financial district is
certainly enduring "a needed process
Of publication. -.
Attorney General McReynolds has
made rapid advance lately in the es.
TEEN of the financial district. When
he, first "set up shop aud for some
time thereafter he was accused of:
having q mania for the ,annihilati0ii'
of trusts" and the persecution .ot
promoters and broker. specialists In
the business. The. street was full of
gossip about the things McReynolds
was going to: do personally with tits
or that noted person. Not the mere
busting of q trust" was to satisfy.
the appetite of the chief Of the de
partment Of justice; Rage in infuenl!:,
tial quarters was excited. and 1t was
not long before it was known BY the
entire reading public that the stories
were atr0ciously false that. attributed
to- the attorney general; purpose to
p%ersecute mot prosecute).: unusually
rich men for their participation In
successful enterprises Of large cali
Der. X
In this connection 1t, may. be. said,
repeated and universally believed,
that Mr.. McReynolds'. principal .ambt-
ton is to purify business practices
and elevate the moral tone of the pop
ulation: 1t Is not~aE desire to punish
men who amassed fortunes with free
dom of action then considered hon
orable but possibly not rigidly dis.
Greet from the viewpoint Of specially
favored saints on earth.