Palisadian. [volume] (Cliffside Park, N.J.) 1906-current, 1915-02-06
SEYWUOR SCAR
ANSWERED VIGOROUSL Y.
New York, Feb. 1, 1915.
Editor of "Palisadian,'

is not honored in his own country
and, in my younger years, | often
wondered why this should be so, but
reading of Mr.. S. N. Sears inter-
view with your reporter as published
| in the "Palisadian" of Jan. Both
| rather clears up the situation.
1t is hard to confine a statement
of the true business situation within
reasonable limits.
| | would like to ask Mr.. Sears
whether the looting of the N. Y, N.
| H. & Hartford R. R. and the st. Louis
& San Francisco R. r. and innumer-
able other railroads in the country
either almost or already in the hands
of receivers, took place under Demo-
cratic Administrations, or did these
lootings take place under Goods own
people" Gf Mr.. Sears is correct)
namely, Republican Administrations?
Let US compare two statements, one
by Republican president, and the
other by Democratic president, re-
garding the bankers of the country
President Jackson, when told that
Banker Curtis had the power to Gre
ate and make congressman and sena-
tors, said, eff this be so, you have
more power than You ought to have,
and than you will have" and immedi-
ately proceeded to destroy the bank
ers' power to create congressman and
senators.
The Republican president (the
great and only Theodore) when con-
fronted with possible adverse opin-
ion of the bankers wrote: eve must
not antagonize these powerful infiu-
ences q. P. Morgan & Co.. now so
friendly to u.s."
If the evidence unearthed by the
various commissions be correct it
would seem hat many of the N. Y,
N. H. & H. R. R. losses found their
way to the offices of the bankers to
whom a Republican President so af-
fectionately referred
Unfortunately for the Democratic
Party, in the past it has always had
to act the part of a physician who is
called in, not to keep person well,
but to correct and remedy diseased
condition. This was the case in 1892,
when the country was on the verge
Of bankruptcy the Democratic Party
was called into power and the coun-
try was certainly in better condition
in 1896 when the Democrats went
out than when President Cleveland
took office. In the present case, after
sixteen years of administrator
| it was again deemed necessary to call
the doctor and the doctor is again
gradually getting the patient in good
condition. Let Is hope that the pa
tient has learned from past expert
ence that it is better to employ doc
tor when we'll and follow his advice,
than it is to call him to correct a dis
ordered condition.
We know that the developed man
and woman love the doctor for the
good he does and we also know that
the undeveloped person and child cul-
tivate an extreme dislike for the doc
tor because of the medicines he ad-
ministers.
Now, talking seriously, what is the
real trouble with the country? To
best understand the situation we will
compare the banking industry to the
backbone of human body and the
railroads to the arteries and veins OF
the body.
l believe it is still too early to pass
final judgment on the banking law
recently enacted, but from all ac-
counts,-and | have heard some OF
the biggest men in New York express
their opinion,-the banking law is
working out for the good and wei
fare of the country far and above all
expectations. But good backbone
without a good artery and vein sys-
tenn is not sufficient to put or keep
the body in good physical condition
and until we solve the railroad prob
lem properly, we will not have what
might be termed real good times.
We may get another period of false
prosperity such as we had before
1907, which was created by gambling
in it's worst phases and which, if
Brother Sears desires any enlighten-
ment thereon, will, at future time
explain to him.
We may, l believe, justly assume
that the backbone Of the country has
been put in good physical condition
We will, therefore, endeavor to take
out of the arteries the hardening
process" which has been going on for
the past fifteen or sixteen years
thereby putting the railroads in good
physical condition. To my mind,-and
| have discussed this matter with
|