The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-26
VOICES MANDATE
FOR FAIR PLA Y
New York Stock Exchange Gov
ernor Praises Wilson'S Anti
trust Message.

Washington, January -25.-Praise OF
President Wilson's trust message, con-
dcmnation of popular attacks on the
New York Stock Exchange. and an
attack on findings of the House COM
mittee of the last Congress which in
vestigated the so-called money trust,
were features OF an address here last
night before an assembly OF local
bankers by William c. VanAntwerp,
one OF the governors of the exchange,
and student of economics He be-
spoke an era of cooperation between
financial powers of Wall Street and
the nation.
when tho President of this country
speaks of the atmosphere OF accom-
mediation and mutual understanding
when he dwells in loving kindness on
terms Of honorable surrender; when
no tells us the 'antagonism between
business and government Is over. when
he speaks of heartening tho young
men coming on; when he tells US the
constitution of peace is honor and
freedom and prosperity; when the
head OF this government. whom we once
thought to be speaking in the plati-
tudes of his predecessors. but whom
we now know to be speaking in words
burning with vitality, says these things.
Is he not voicing q mandate for fair
play, for altruism and for righteous
ness?
"Heresies and schemes and man
made law appear and disappear, but
the human heart does not change. and
In the last analysis we come to know
that only righteousness exalteth a ma
tion We of the stock exchange in
tend to live through the years and
some day. mark my words. the great
market place Will earn the admiration
and respect of the whole people.
1--WE IRE determined to show our
critics by our deeds that the stock
exchange means something vital and
vitallzing in America; that it is an i'm
portant adjunct OF Wall Street, u
broad highway from ocean TO ocean.
doing its utmost to meet the needs Of
happy and prosperous land"
Mr.. Van Antwerp attacked the Money
Trust Committees Interpretation OF
figures, showing loans OF New York
banks on stock exchange collateral.
and declared that actually the amounts
of New York money loaned TO the
country at large far exceeded loans on
stock.
The harm done by these random
and misleading implications is meal
culable, but imaginative business men
who accept such statements az au-
thoritative should be told plainly the
facts. said he. Tho New York Stock
I-AchanGe to-day Is conducted on II
higher plane Of ethical business stand
ards than any business I'm America or
any profession In America, bar none.
There are men in New York, and /
nave no doubt. in Washington also,
who, Whenever new proposition
comes out of the South or West. con-
denim it as irrational and visionary
without giving thought to the emer-
gency which g1vo 1t birth.
can we Of New York and the East
obstinately refuse to adapt our course
10 new and ever changing country
wide conditions2 Before we appeal to
our critics in the West and South for
sanity and clear thinking in our own
affairs, we must cmancipate ourselves
from whatever Is local. provincial and
seihsh we must put away the lso-
iated, detached and narrow view when
occasion demands. and steer our ship
toward the broad horizon OF America ,,