New-York tribune., 1916-02-26
Morgenthau Outlines n
Economic Club the Trials
of Diplomacy.
JUDGE LINDSEY TELLS
OF EUROPE'S HATRED
Central Powers Enraged by W.,
Shipments and Allies ~
Our War Profits.


An echo Of the tense inte,,,..
situation at Washington was he,,1
the dinner Of the Economic Club a..
Hotel Astor last night, when ip.
fore the speaking began a Telegram -.
received from Representative Wa
Worth Bailey, saying he could no, ,o-.
owing to the need for him a, ..
Capitol Mr. Bailey was expected :.
one Of the chief speakers in tn. A,
cussion on American Policies.'
loving to tense condition in r..
gress," he wired, it is deemed i-
prudent that I should absent myself :.
this time. Must therefore forego .,
gagement. Had hoped situation xoup
clear, but remains cloudy. Convex =,
sincere regrets"
The guests Of honor were Herr,
Morgenthau, Ambassador 70 Turk,,
and Major General Leonard Wood v,
Morgenthau, In opening his sdS,s,,
started a somewhat sbocke5 -,
saying that he had become, from ks,,.
ing up an attitude OF neutrality on Al
subjects, sort Of mental eunuchs
while in Constant.nople,o he ag
az tried 10 remain Absolutely ,e,...f
and in leaving Washington today Iva
told I bad 70 bo coio-,os, =.
~, :" ~! a..
uresses' men went 20 turkey, a.
untried diplomat, from American bsa.
ness life. the other diplomats s,i=,s
about mo "a do0s arc won. % do ~.
"'-
ne" one comes among lAem.
He said that American business m,
,,,as .ho no. scbool fo. .r.i,i.u.,.
.Fs'
mats. lie ended Win an eulogy o!
President Wilson. saving: II spent fftr
..t-...o. ., .i..... .....t .b. ~.
'''''' - go w. '' A.''' ~
dustrlous, most capable man IN tas
country, the PRESIDENT OF the United
States. NO one else measures Up
him, and we all may ieel sure ths
nothing untoWard VIII happen 10 tais
country.
President Edmund j. James Of ths
University OF Illinois spoke on "A Ma
tional Economic Programme He out
lined the need OF preparedness for
peace IN broader INES OF INDUSTRIAL &C.
velopment and more enlightened seeA1
justice for the working man, WIZ pro,
vision IN tne sociaI system against e1ila
labor and Tor old age pensions.
NO better policy OF deyelophg
well-rounded industry mas been nus
, far found than that known g TIE sys'
tern OF protection ne sad. "Unly
the new system OF protection Is ore
which has in view not primarily ne
interest Of this or that producer Or
this or that industry, but the v.u.
mate interest OF the consumer, ma
IS everybody lhe welfare VI
classes, producer consumer iaoo' az
capitalist must be Aep. IN view -
the organization or tarlH sys'eI'
and no legitimate ground snoulu S
furnished for the complaint tnal 'Is
tariH oullds up great inonopOIss -
the evolution ana appllca.ion q ,s.'s s,s
system properly eohs'l,s'eu ''''-
commission Is a necessity ..-,. a.
We are blessed ne saio' Oe0e ~ !.
Is possloIe LOT US 10 galNel az nv
withln the limits or tnls cOIn'si,
cept possibly on tne MeRlean uOiue,, :.
discuss IN a calm manner an ecohO'H'
programme.
~ is due. however. 20 our gooa
fortune rather than 20 our ioresign'
and wisdom that this is So he saia'
with no more fault IN the matter 'nsh
we have to our charge Greece mas ~
tie time or opportunity 90 discuss thess
great subjects, Belgium still iess' 90.
unhappy Poland none az all We ns,s o
been living IN fools paradise, VI
leaders have, with few exceptions \.
Cured the just blame OF iuiiihg Im
mass of the people into a false senS
Of security"
The most immediate ana p,s'sns
need. he said, was for ADEQUATE p
tional defence, so thar "ine ",
dent of the United states 'nog.v
put in a position where ne e'l us,.-. -.
our national and individual rgns 7!
more effective means thal literary
notes" ~ n
President A. Lawrence LOHsn 49,. ~
harvard spohe 'H iat' -.[-,ol bv a