The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-16
EDISON WILSON
POLICIES CRITICISED
Thomas N. McCarter Denounces Munitions Export
Frank A. Vanderlip Sounds Warning About Capital
Inventor Answers Dow on Submarine Battery.

SPRING LAKE, N. j.. Sept. i5.--Frant
A. vanderlip. president Of the National
City Bank Of New York, and Thomas ",
McCarter. head OF the Public Service
Corporation Of New Jersey, delivered
the principal addresses tonight before
tho thirty-sixth annual convention OF
Ehison companies In session here. Each
said that corporation rerulation had
reached a dangerous stage. but Mr..
McCarter supplemented his address by
criticism of the Wilson foreign policy
and Of the pending Anglo French loan.
II believe that this country should
maintain an attitude OF strict neutrality
In law and In morals" said Mr.. McCar-
ter. II am unable to keep pace with
the diplomacy that threatens q disrup-
ton Of diplomatic relations with Ger
many. doubtless TO be followed by a
declaration OF war by one party or the
pther, because a certain small number
OF Americans. In defiance OF express
warning n thoughtless of their
country's welfare, have insisted upon
making use OF the ships of belligerents.
either as passengers or crew. In accord
ance with their strict rights in the
premises according TO the moss covered
principles Of international law which
they invoke for their protection, while
tho same diplomacy permits American
commerce. bound In good faith for neu-
trail ports, TO be held up and sent TO
prize courts by the acknowledged mis-.
tress OF the seas and while this country
10 engaged In a tremendous expansion In
ana speculation over the manufacture
OF munitions of war, deliverable to one
side only. n while TO cap the climax
the great bankers OF tho country ara
now nesting with an ofiotai commission
representing two OF the treat foreign
nations for the express purpose of lend
ing these nations a a sum OF money,
with the proceeds Of which this terrible
conflict may be further carried on.
III President Wilson was right up.
ward OF a year ago. when he forbade
we expectation OF firearms INTO Mexico,
because. as he said. the better practice
OF neutrality required IL, then the pres
ent policy Of permitting this to be done
on the present wholesale scale must be
wrong. II President Wilson was right
'ast fail In requesting American bank
ers not 10 make a foreign loan. then
THIS present negotiation must be morally
wrong TO the extent that it's proceeds
are to be used for the munitions of war"
Mr. McCarter then went to the subject
Oh COMMISSION government OF public
utilities and said
The restrictive regulation, as prac-
Used by the Interstate Commerce Com
mission. has we'll nigh brought the rail-
roads or the country TO the brink of
disaster. and at the there ia
no relief In sight. resent the treat
ment which that great industry is re-
ceiving. though personally do no,
" a bond or share OF stock of any
steam railroad"
He then implied the belief that
m~onopolies should be protected from
The new factors that spring up over
night such as. for example, in the
electric railway business. the jitney
competition" ~
MIR, Vanderlip reviewed the growth OF
the electrical business and said 4, could