The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-28
BAKER STLRS PUBLISHERS TO NATIONS
NEED OF THOROUGHGOLNG DEFENCE


friends OF both political parties have q
wholesome respect one of the most po-
.ent Is organization. Let business then
become militant. not to secure special
pr,vileges--it does not want any and
does not need any--but to secure due
regard for it's views and Its rights and
its conceptions as to what measures will
serve the best interests OF the country
and what measures will harm and jeop-
ardizc such interests.
without wishing to hold up the labor
union as offering n model for the spirit
which should actuatc us or the methods
we should follow. because their class
consciousness and the resulting conduct
are sometimes extreme and often short
sighted. ! would urge upon business men
to cultivate and demonstrate but q lit
tie Of that cohesion and discipline in the
furtherance OF the common cause that
readiness to back up their spokesman
that loyalty to their calling and to one
another which working men practise
and demonstrate daily and which have
secured FOR their representatives the re-
spcct and fear OF political parties.
Let business mel n them
selves behind their Spokesman, such as
the United states Chamber OF Commerce
In Washington and the Chamber OF
Commerce or the Merchants Associa-
ton In New York. Let them get to-
gethcr now and IN the future through
a properly constituted permanent or
ganization and. guided by practical
knowledge. broad vision and patriotism,
agree upon the essentials Of legislation
Affecting affairs which the situation
calls for from time TO time. Let them
pledge themselves to Use their legiti-
mate Influence and their votes to real
iza siIth LEGISLATION and tn npnnaa ac-
lively what they believe to be harmful
lawmaking.
Need Of Correct Vnderstnnding.
"Never was It 81 more importance than
In the present emergency that the people
should have a clear and correct under
standing of the meaning n significance
or finance, indeed OF 'hish finance and
that they should approach the subject
calmly and dispassionatcly and with un-
troubled vision. for when the European
war IL owe and the period OF recon-
%struction sets IN one of the most vital
questions of the day will be that OF
finance and financing. The handling and
adjustment Of that question. although IL
primarily concerns Europe, cannot fail
TO affect America favorably or u~nfavor-
ably according to the wisdom or ack Of
wisdom OF our own attitude and actions
"A sreat many things are being and
nave been charged in the peculiar view
against finance, with which finance.
properly understood. has nothing to do.
The possession Of wealth does not make
a man a tnancier-just AS little 49, the
possession of "a chest Of tools makes a
man "A carpenter.
Finance means constructive work. II
means mobilizing n organizing the
wealth of the country 30 that the scat
tered monetary resources of the in
di>iduals may be united and guided into
"A mighty current of fruitful cooperation
ia hu~ndredfold nay ten thousandfold rs
Uatent as they would or could be in in
dlvidual hands. Finance means promot-
ing and facilitating the country's trade,
at home and abroad. crea,ip, new
wealth. making new Jobs for workmen.
" means continuous study OF the con-
hitious prevailing throughout the world.
Il means daring and imagination COM
bined with care and foresight and inteG-
rity and hard. wearing work--nuch OF
i not compensated. because OF every ten
propositions submitted TO the scrutiny or
evolved by the brain OF the fnancier who
is duly careful Of his reputation and
conscious OF his responsibility to the
Suhlic II is safe to say that not more
than three matcrialize.
ror IHe nNah'laI oI1Sprlng or "nlcn
b." acknowledges parentage, or merely
godfathershlp, he is held responsible by
the public for better or for worse and
will continue to he held responsible not
withstanding certain i'll advised provi-
, sions OF the recently enacted Clayton
antitrust act. which are bound 20 make
II more difficult for him to discharge that
J.. sponsihility. Among Other functions
and duties IL IS M to him TO look ahead
So that such offspring may always be
provided with nourriturc. =, with
funds TO conduct their business.