Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-12-11

formed. branch # au American bank
anywhere outside OF the United States,
whore other nations Of the world were
doing their banking business on for
oign shores through the instrument
taUy OF their own bankers / was
told az mcctng of the American
Bankors' association that much OF the
foreign banking business. the business
I'm foreign exchange had 20 be done
ina our ports by branches OF the Can
adian banks, established among our
selves Being litcralists. we interpret
ga the national banking act to moan,
since il did not say that the national
banks could engage IN this business
that they could not engage In II, and
soma Of the natural. some Of the nee
essary functions of banking were not
performed by American bankers
our Proyncialism
II refer 10 THIS merely as an evi-
dence uf what / take leave 70 call our
proviucialism Moreover. during this
q period this very interesting thing hap
pened that American business men
were $40 Interested TO be- protected
AGAINST the competition of other bush
ness men in other countries that they
/ proceeded hy organization to protect
4 themselves against each other, aud
engaged In the politics OF organization
/ for the purpose OF preventing success
Ifu competition is not In moral level
any higher than running politics upon
/ the basis of organization rather than
upon tho basis Of statesmanship and
/ achievement
Organization Necessary.
"Organzauon Is necessary TO poli-
/ tics and it is necessary to business bur
/ the object of organization ought not
I to be exclusion it ought TO be eff
cheney. II can mover be- legitimate
when il is Intended fJr hostile COM
Ipctitivo purposes ! have never en-
Itcrtainod the slightest jealousy of
those processes OF organization which
led to greater and greater competency
but ] have always been Jealous of
those processes OF organization which
were intended in the spirit of cXclu-
sion and monopoly ia not the Ameri.
can spirit The American spirit is Il
spirit of opportunity and Of equal op
portuuity and of admitting every man
10 tho race who can stand the pace.
/ So | say that we have reason to look
back upon the past Of American busi
ness with some dissatisfaction; but /
for my part, look forward TO the flu
ture Of American business with the
greatest confidence
Altered Point of View.
American business has altered it's
point of view. and in proportion as IL
has altered its point Of view, 1t has
gained In power aud momentum
have sometimes heard cXhortations t.
the effect that politics ought not to
be injected into business
at is just as important that you
should not inject business into politics,
because so FAR as the business Of this
country is concerned, there ought not
be amy politics
"Gantlemen ! am democrat ass
You probably have heard and au
=, militant democrat but it is because
/ ! believe that Cine principles of domoc-
rae, Wil bc of more service TO the
country lhin amy other Kind Of rrin-
aplcs Not because believe demo
/ crafts are better than republicans: !
is becuusc think republicans are
mistaken and democrats right aud !
hopc and brliavr that ! hold that coa-
yiotiou u mo- narrow partisan spirit /
imd chat am one OF tina few men Of
IN, acquaintance who believe abso-
mJelv every word for example. of the
( Virginia BIN OF rights Most mon USE
them for Fourth Of lQy purposes ana
uae them very handsomely, but I
stand before YOU and tell you that
baueye them
Virginia Bil Of Right,
"FU example. tire Virginia bill at
rights cite thut because II WAS one
of tbe umt bins of Hghts chat tthets
were argob modelled upon ID or ram
nlone the same lines-the Virginia
him of rights SAYS that when a gov
ornment proves unsuitable to the life
Of tBe people under it q am not
quoting tho LANGUAGE but the mean.
me1 they have Il ri8ht 60 alter or
abolish Il ia any way they please
4 When things were perhaps more de-
batable than they are now about our
immediate neighborhood 20 the south
of us. do not know how many men
came to me and suggested that the