Arizona republican., 1916-05-04
Our Domestic Problems.
navy

One of the speakers before the dinner of the Ameri- Publishers Association last week Mir. Otto Kahn whose topic the relation of fnanciers to the public. standard, he said had been set. He did undertake apologize for the mistakes of the past He explained them by saying that certain things done by high finance then had been tolerated by public opinion but that they not tol- erated. They finally caused revusion of public sentiment which later found expression legislation. Finance and big business according Mir. Kahn. must carefully study and conform public opinion. They get out of secuson and know what is going on, what the thoughts of the masses are and they shun publicity but they must it. Ffnanciers must beware of the tendency of wealth chill and isolate. In the political field they must be actively interested. There be cooper ation.
 This is the goal to he reached. It is the path that he followed if the nation is to be virle with it's people conented and patriotic. Various forces have been working in the direction pointed by Mir. Kahn. The attitude of the great railway poraton is highly instructive. Nearly all of them have been taking the public into their confidence The days of manipulation behind closed doors have passed The day is better than the old both for the public and the corporations.
 Another speaker at the dinner of the publishers was Mir. Willard, president of the Baltimore X Ohio
  have gladly accepted the situation pointed out by Mir Kahn. Mir Willard declared that those who manage the railroads today understand clearly that is the mandate of the people that the railroads all though they owe their existence to private capital shall he operated semi public institutions subject in all matters public regulation and control The carriers also realize if such system of economic policy be worked successfully the alter native will he government ownership with political control instead ownership by the public individual ly now. with government control"
 Mir Willard however believes that individual own ership with government control will continue He thinks that exclusive federal regulation in place of divided federal state regulation will be attained Sentiment is growing in that direction. The mixed control Is easily explained If sentiment for public regulation had sprung mp simultaneously throughout the country there would have been general federal control State regulations reflect local opinion that the policy of regulation is admitted settled naturally regulation will become more and more fed eralized il should he to avoid conflict between and national laws.
 The principle of regulation conceded the step s the best kind of regulation. which shall satisfy the public and be fair the corpora tons. That is the problem is to be solved Reasonable regulation of the railroad corporations would he far better for the people than government ownership, with it's consequent political control.
 Industrially the whole country is going through q process Of adjustment. When these problems first appeared, Colonel Theodore Roosevelt was one of the chief students of them began work for their solution. He broadened the vision of the conser- vatves. Although it looks if the great issue of the coming campaign would be the relations of Aneri with the of the world domestic problems such those discussed by MT. Kahn MT. Willard will be lost sight of They be dissociate ed from the name of Colonel Roosevelt