Newspaper Page Text
4 PUSH TRUST BILLS WILSON’S DETERMINATION THE “LET ALONE" AGITATION SOME INTERESTING LETTERS Congressmen and Other Officials Cir cularized in Behalf of Letting Business Rest President Wilson came out at Washing ton Monday with a flat declaration that, despite what he characterized as a delib erate campaign by certain interests for an adjournment of Congress and postpone ment of the administration's trust legis lative program, he would use every influ ence at his command to get the pending bills through the Senate at this session. Choosing his words very carefully, the president disclosed his belief that organ ized distribution of circular letters and telegrams among these men. members of Congress and other public officials, call ing for an adjournment of Congress, a halt in the trust bills, an increase in freight rates for the railroads and a "rest for business" was responsible for what he recently described as a "psychological de pression.” In support of that view the White House made public copies of such letters and telegrams which have been brought in by friends of the administra tion. One of the letters which fell into the hands of White House officials in that way was circulated by the Simmons hard ware company of St Louis under date of the 9th. Just prior to that date President Wilson had offered to E. C. Simmons. President of that company, a place on the federal reerve board. Monday just before the president expressed his views on the trust program it was announced that Mr Simmons had declined the ap gtintment and that Charles S. Hamlin of ostOn would be nominated in his stead. White House officials emphatically denied that the Simmons letter had to do with the declination of the appointment. It was said, however, that the president did not know of the letter when he offered Mr Simmons the place. The president’s dec laration and the publication of the letters created a mild sensation approaching that which followed the president’s denuncia tion of the "insidious lobby.” which, he said, was threatening the tariff bill last year. Senators and representatives dis cussed the incident with avidity, but no action was taken. One of the letters made public pur ported to have been sent out by the Pic torial Review company of New York and was signed by W. P. Ahnelt, president, under date of May 1. It accompanied a prepared letter protesting against trust legislation, praying for a freight rate in crease and suggesting an adjournment of Congress, with the further suggestion that the recipient mail copies to the president, members of Congress, the interstate com merce commission and other officials in Washington. The letter signed by Ahnelt follows :— “We take the privilege of writing you on a subject of vital importance to your self and the country at large. It is no doubt evident to you that prosperity has been lost somewhere in this country, ow ing to the mischievous activities of the politicians, as recognized by all men. We inclose herewith draft of a letter which embraces the views of a majority of the thinking business people of our section of the country and which should be addressed to the president of the United States, the Congress and members of the interstate commerce commission, respectively. Might we suggest, if you agree with us. that you take the trouble of writing letters of a similar character to the president, the members of the United States Senate and the House of Representatives from your state? If you prefer to use copies of the inclosed letter we will mail you as many copies as you can conveniently use. Just send us a postal card. It will be more ef fective. however, if you write them on your own letterheads. The sooner this appeal is made the greater effect it will have on the politicians who have caused the loss of prosperity. Inclosed find a list of names and addresses to whom the let ter should be sent, but we omit the nam-s of the representatives and Senators from your state, with whom you are no doubt familiar.” The Model Letter. In part the form letter which was pre sented for transmission to public officials was as follows:— “We respectfully appeal to your sense of justice and ask in the name of the suf fering American people, in the name of common sense, why wantonly harrass busi ness at this juncture when it is struggling for its very existence? Why throw more thousands of men idle when so many families are already starring? Why sub ject business to any experimental legisla tion now, when it is not prosperous? Post pone it Drastic action on your part is a peril at this time. What we do need is a little building up—no more tearing down. We have had a sufficiency of experimental legislation for the present. The Demand tor Hiarher Rates. “The granting of the petition of the eastern railroads for a 5 per cent freight increase will do more for the prosperity and development of the country than all legislation against unlawful restraint and monopolies. Such a determination will re •ult in a movement forward not backward, and any contrary determination bv the interstate commerce commission will em phasize the fact that Washington hostility is balking prosperity. The merchants of this country are vitally interested. Busi ness must not be retarded, otherwise com mercial failures increase. “The continual senseless attacks by governmental bodies upon merchants by Impending assaults upon railroad, in dustrial and mercantile corporations, re vision of the tariff and currency reform have resulted in sinking business to such an extent that it has thrown hundreds of thousands out of employment reduced wages and decreased values in railroad industries and mercantile corporations to the extent of at least ?3,000.000,000. The most serious situation that confronts the country to-day is the fact that unemploy ment is growing* more acute. We need relief. We ask the Congress of the Unit ed States to halt before it is too late. Postpone all antilegislation business Give the country a rest. And last but not least, permit Congress to earn a well-de served early rest.” effect, but in condensed terms, was at tached. The Simmons letter declared that the three things which stood in the way of prosperity were the Mexican situation, the awaited advance in freight rates, and continued hostile legislation in Congress. It said m part:— "Especially do we recommend that no further attempt at legislation on the mat ter of the control of business or passing an titrust laws should be continued at this time. What the country needs more now than anything else is a quiet time— an absolute rest from the agitation of poli tics and assaults upon business—it does not make any difference whether it Is big business or Tittle- trnstness. We therefore recommend and earnestly hope that Congress may be convinced that they have done enough lawmaking for the prea ent; that the country is absolutely tired and surfeited with politics) agitations, and that the agitation now of the control ot business is exceedingly injurious, and will serve to retard an improvement in busi ness which otherwise would be very great and rapid—bringing in the most desirable way ’the greatest good to the greatest number.’ “We submit these arguments or reasons to you. asking you and praying you to use your best influence in following the lines suggested in this communication, namely : To have Congress shut up shop and go home. If you agree with us. send to your congressmen and senators a telegram something like the inclosed and urge your commercial club to pass strong res olutions along similar lines and send them to Washington. Our representatives there are worn out. physically and men tally, and will welcome your suggestion that further consideration and legislation affecting business be postponed until De cember. The president declined to make any ex tended comment on the letters, declaring that they spoke for themselves. The ptes ident believes business is as good oow as it was some time ago. and in some re spects better, and that it will he much worse for business to worry for several months over whnt the antitrust legislation is to be. than to .have it passed now. Denying that congressional leaders have suggested an adjournment after the ap propriation bills have been passed, the president told callers that all the senators with whom he has talked on the subject have advised immediate action on the trust bills. The president sees no reason for delay such as he says was forced in the consideration of the Panama canal tolls exemption bill. FEARS ARE NOT UNFOUNDED ACCORDING TO F. A. VANDERLIP Address Before New York State Bankers' Association nt Eastern Point, Ct. • With about 450 members in attendance the New York state bankers' association opened its 21st annual convention at East ern Point, Ct., Thursday. The sessions will last two days. Addresses were de livered by Frank A. Vanderlip, president of the City national bank. New York city, and by Eugene L. Richards, New York state superintendent of banking. The fol lowing nominations for officers were made: President. James H. Perkins of Albany: vice-president. J. A. Kloepfer of Buffalo; treasurer, J. H. Gregory of Rochester. During the afternoon the delegates and visitors had a sail to Fisher's island. Last night the annual banquet was held and the business will be concluded to-day. Robert H. Treman of Ithaca, N. Y., the president, read his annual report, as did Leslie Burdick of Gouvernour, treas urer, and William J. Henry of New York city, the secretary, and ehairmen of vari ous committees. The American bankers’ association section nominated Robert H. Treman, retiring president of the state bankers, to be a member of the executive council to succeed Walter E. Frew of New York city and George G. Clarabut of Rome to succeed Fred W. Hyde of Jamestown, N. Y. For vice-president, to represent the state bankers’ association. Benjamin E. Smythe of Bronxville was named, and as a member of the nomina tion committee Bradford Rhoades of Ma maroneck. . Mr Vanderlip spoke as follows:— "We are told that the trouble of busi ness is psychological. In a sense, I believe that the statement is correct. I believe that the lack of enthusiasm about the fu ture, the state of pessimism that surrounds many phases of business, the disposition toward extreme conservatism, the lack of new plans for capital expenditure for rail way improvement and extension, for new industrial conquest, all have their roots in a state of mind, rather than in the statis tics of actual business data; but lam not certain that this state of mind is ground ed in unfounded fears, that it is caused by legislative ghosts, that it is engendered by baseless apprehension concerning legislative tendencies and the trend of public opin io... “Ilie obstacles in the way of business re covery may perhaps be truly intangible fac tors, and still a feeling of apprehension regarding them may be a manifestation of sound business sense in comprehending th; true meaning of the political-economic situation. “If. for a moment, we could forget these factors and attempt to gauge the business outlook by only the old-time standards which used to be sufficient, we would see looming large the prospect of a great agri cultural yield, giving promise in some direc tions of bumper crops now almost assured, and at almost every point, of an exception ally bountiful year. We would see easy money here and abroad, and although we might argue that money was easy because of a lack of profitable employment, still its present ease would promise that there would be no interference with increased business activity on the score of interest rates. We would note hat we were em barked on the trial of a new banking sys tem. about which—-whatever points of dis agreement there might be—there was the unanimous opinion that its working would ultimately tend toward inflation, and there fore that it will for some time to come be a factor likely to insure continued easy money. ”We would find sound credit conditions, both in the position of the batiks and in the mercantile community. We have been through a sober period and there is no general condition of overextended credits to menace the outlook for' an enlarged volume of trade nor is there anv undue accumulation of stocks either in the hands of manufacturers or on the shelves of*dis tributors. The mercantile world has been without speculative enthusiasm to as great a degree as has been the finan cial world, and men have manufactured only what they could fairly see a market for. and merchants have bought only what their customers’ immediate needs de manded. Except in a few directions— such as the iron and steel industry. lum ber, and in some textile lines, the demand has not slackened faster than the wheels of commerce and industry could be slowed down, and there are. uo large un digested stocks to stand between new or ders and quickening manufacture. “In recent years we have rebuilt our industries to conform with modern inven tion and practice, as we hare largely re built our railroads to permit of the most economical operation through heavy mo tive power and large loading, and the machinery of industry thus stands well equipped to produce totals that would make anything we have done before seem small. Nature Has Not Been NlßKardly. "We do not have to recover from any period where Nature has been niggardly. Fields and mines have for years been adding rapid increases to the total of wealth each season, and the promise in that direction has rarely been brighter than it is to-day. The industrial machine of the nation, in short, might be likened to a great steam engine, running with a load much lighter than its capacity, and ready, upon the turn of a valve that would let in more steam, to respond efficiently to vastly greater requirements. “On the other side of the page, still look ing at only the concrete facts of the busi ness situation, we see that a reduced tar iff is permitting some increases in our im ports of manufactured articles and having a corresponding effect in slowing down some of our industries. Unfortunately there is a large unemployment of labor, but that means that if renewed business activity were to come, it would not be impeded at the start by a lack of work men.. "One of the most serious obstacles that •we would find would still be in the labor situation. Here the exactions of unions hare, added vastly to tbe expense of trans- -THE SPRINGFIELD WEEKLY REPUBLICAN: THURSDAY, JUNE IS, 1914. portation and manufactures, partly be cause of higher wages secured, but largely because of a steadily lowering standard of what the unions will permit to be ac complished as a day’s work, and through legislation forcing upon railroads unneces sary employes. "The most important entry we would make on the debit side of the business outlook would be in connection with the operation and financing of the railroads. In spite of an easy money market, many railroads find it impossible to refund their short-term obligations, and continue to keep going—like a juggler playing with balls—by rapidly and dexterously throw ing a new short-term obligation into the market to take the place of another short term obligation maturing. Higher ex penses. increasing wages, taxes that have doubled in a decade, the burden of new terminals, and the demand for improved service have all had to be met by the railroads, while there has been withheld from them the permission to increase their income. The investor now hesitates to consider a long-term railroad security as the safest form of investment for his funds. "The railroads have heeß unfortunate in having to meet two legislative theories of quite opposite anti unrelated charac ter. and in having both of these theories applied simultaneously. On the one side, there has been tbe theory of control through the fixing of rates by commission, the supervision of accounting and the di rection in the greatest detail of the man agement; on the other side there has been the theory of compelling competition through the prohibition of combinations and by forbidding co-operative agree ments. One or the other of these theories may be right, but both applied at the same time cannot be. The result of the appli cation of both of these theories at once has been to bring the railroads into a most serious situation. “It is in the railroad position that we find when examining the concrete facts of the business outlook, the most substan tial reasons for feeling that an otherwise sound statistical situation may not be a sufficiently secure basis upon which to build a structure of renewed business ac tivities, "A survey of concrete business conditions with such facts and totals as business statistics show to-day would, however, have been sufficient ground 10 years ago to have predieted that we had straight ahead of us the possibility of a period of great expansion. What is in the way of making a similar prediction now ? Even if it is a state of mind—it is not so much the state of mind of the managers of business as it is the state of mind of the public at large—the state of mind which we call public opinion, and which through our political machinery finally finds more or less accurate expression in regulations, decisions and laws. "I do not want to be understod as be lieving that this state of the public mind, this quality of public opinion, is altogether wrong. The basis that is back of the de mand for legislative restriction and con* trol of business. I believe to be in large measure made up of sound economic facts. The development of industrialism within our lifetime has been of such a revolu tionary character as naturally and rightly to create a demand for a body of control ing laws, such as were never dreamed of by our fathers. Cause of Present Lewtalation. "Do not deceive yourselves that this pressing flood of new legislation is the ac complishment alone of a strong-willed ex ecutive, or the work of a radically-minded Congress. The cause is back of that. Do not hopelessly believe, either, that the cause of the present legislative movement is to be laid wholly to a public opinion gone wrong, to a majority with its mind set on plundering the successful. The real r< ots of this political movement, with which business is so vitally concerned, are still deeper—and happily so. "It would be so much better if all sides could recognize that what has been and what is happening are sequences that flow naturally from modern inventions. I do not mean mechanical inventions alone, but the invention of corporate organiza tion and management, which has found efficiency in co-operation, has gathered capital from numberless sources and brought it together into powerful streams of credit, capable of performing hitherto undreamed of tasks, and like other pow erful streams, liable also, once out of control, to do irreparable damage. “The causes are not to be attributed to the supposition that we have bad bus iness men. rather those causes are truly to be found among the involuntary re sults of the revolutionary changes that the new industrialism has brought into business life. We may frankly admit that there have been in the last score of years grasping men and dishonest men in business—as there have been since the beginning of time and will always continue to be. But I believe there are fewer of them proportionately to-day than ever before: that we now have finer bus iness ethics than ever before, a broader human spirit in business life, a more just apprehension of social relationships and obligations and higher standards of in tegrity. “I believe if business men will get themselves into a state of mind where they view conditions broadly, with a his torical and social sense, rather than only from their individual point of view, they will apprehend better the direction in which the whole current of political thought is flowing, and will feel less im patience with this legislative movement, and vastly less pessimism concerning its results. "I believe that the cure for many of the present evils that are afflicting busi ness lies in the hands of business men themselves, and it will be effected in the measure in which business men see to it that the public honestly and clearly is in formed. The real psychological barriers to a trade revival will then be removed. "This view as I see it is a view of great optimism; but it is also a view that means that there is a great work to be per formed. If that work is well done, and it lies with business men to do it, we will have a sound, well informed public opinion. Such a public opinion combined with our material resources of rich acres and mines, of vast industrial equipment, of skilled la bor and sound credit, will make a perma nent foundation upon which to build a prosperity, the extent of which would be so great, that I would hesitate to picture it to you: a prosperity which shall inure to the benefit of all engaged in our great in dustrial movement where each, great or humble, bears a part and where the in terests of each is inseparable from the welfare of all.” Mr Richards, who followed Mr Vander lip, denounced what he termed "the new tyranny resulting from too much paternal ism in government.” "No money trust is the cause of our present business depres sion," he said, "whether we feel it, or only think we feel it, according to the psychological theory of the national ad ministration. For the causes of our present ills we must go deeper. No one feels safe, except the farmer and the workingman, who seem always immune and will be until some statesman is found who has courage enough to make them take their discipline with the rest. When that day comes the terrors of legislation will fall off to nothing. "To-day what menaces business is not the tyranny of plutocracy, but what I call the tyranny of paternalism. I yield to no man in my admiration for the presi dent of the United States as a doer of great things, but I honestly believe that the time has now come when even he must feel that there is danger of the new freedom becoming the new tyranny. Al most before we know it this country will be asked to take the last step in paternal ism— public ownership of anything and everything necessary to satisfy the ambi tion of each political opportunist.” The sale for taxes of half of a bridge across the Mississippi at 8t Louis recalls P odd'n head Wilson's desire to own half ot a dog which he disliked, so that he could kill his half. c. S. HAMLIN IS NAMED RESERVE BOARD IS CHOSEN Other Men Nominated Are W. P. G. Harding, A. C. Miller, Panl War linrs and T. D. Jones. Organization of the new national bank ing and currency system entered its last stages at Washington Monday when President Wilson nominated the five meu who, serving with *the secretary of tho treasury and the controller of the cur rency, ex-officio, will constitute the federal reserve board. Charles S. Hamlin ot Boston was nominated for the two-year term, Paul Warburg of New York for four years, Thomas D. Jones of Chicago for six years, W. P. G. Harding of Bir mingham, Ala., for eight years and A. C. Miller of San Francisco for 10 years. Thus eventually all appointments to the board will be for 10 year terms, the terms of one member expiring every two years. President Wilson will select one of the men named Monday to be governor of the board. It is generally expected that Mr Jones or Hamlin will be chosen for the place. Upon their confirmation by the Senate they will complete the organization of the new system. The 12 regional reserve banks provided by the law already have been organized and balloting for direc tors of certain classes now is in progress among the member banks. It is planned to have the new currency system in com plete operation in time to care for the needs of the country during the crop moving season this fall. Mr Hamlin, now assistant secretary of the treasury, was chosen Monday aft er E. C. Simmons of St Louis deelined a place. Mr Warburg and Mr Harding are bankers, Mr Jones is a lawyer and Mr Miller is an economist, now assistant secretary of the interior. Mr Hamlin is an expert In finance, who served as assistant secretary of the treas ury under President Cleveland and re turned to the treasury department soon after President Wilson took office, as the assistant secretary in charge of customs. The appointment of John Skelton Williams to be controller of the currency left vacant the office of assistant secretary in charge of the treasury fiscal bureaus, and Mr Hamlin was appointed to that place, which put him logically in line for promo tion to the secretary's office itself. The nominations of the members of the reserve board got to the banking and cur rency committee. Although there may be some opposition to the men proposed, there is little doubt that they will be con firmed. It was said Monday night Assistant Secretary W. P. Melburn, who now has charge of customs in the treasury depart ment, probably would be advanced to succeed Mr Hamlin. DEFENDS THE SUPREME COURT WILLIAM H. TAFT AT HARVARD Former President Delivers the Phi Beta Kappa Oration in Cambridge. The unabridged exercise of the limita tions upon hasty action of a majority of the electorate, now interposed by the vest ed prerogatives of the supreme court of the United States and by the machinery for amending the constitution, was de fended by former President William How ard Taft in an oration before members of the Phi Beta Kappa fraternity of Harvard university, at Sandyrs theater, Cambridge, Monday. The subject of the oration was “The supreme emit of the United States and. popular self-government." Mr Taft's, defense of these-limitations had immediate reference, to change's .urged by certain po litical leaders to qualify existing personal and property rights and increase govern mental control over the individual. He at tacked the recall of judicial decisions and the proposal that the judgment of the su preme court in construing and enforcing the constitution may be subject to a re versal by a plurality vote at any biennial election. Basing his argument that the constitu tional and judiciary obstructions to im pulsive action at the polls were not incon sistent with popular government, upon English governmental development, Mr Taft said: “The enduring character of the English government and of the govern ments that have been derived from it. like our own. is to be traced in this training of the minority to be good losers. But the quality of being losers will not per sist in minorities, unless majorities exer cise their power with fairness.” Consideration for the rights of property holders was urged by Mr Taft, who said that they may not always be nonresistent and always in favor of law and order as, if their right of property is-seriously im paired, they may change their conserva tism to the rebellious spirit like Ulster. In this connection Mr Taft attacked the trade, unions for their championing of the Clayton hill pending before Congress ex empting them from the operation of the Sherman antitrust law and for their sup port of the strikers in Colorado. ’ “We find.” lie said, “many labor organ izations insisting that the courts be weak ened so that lawless violence on their part may be an effective instrumentality to gain their industrial ends. Indeed, we find actual rebellion against state authority maintained by certain trade unions and supported by contributions openly solicited from their sympathizers tbe country over.” The superiority of procedure of con struction of the country's laws with the help of the supreme court rather than at a biennial election was urged by the speas er, and the need for some such tribunal grew greater, not less, he said, in the de veloping of society in its modern form. “In a transition period,” he concluded, "we need the supreme court, not to prevent re form by the exercise of popular will, but to prevent changing by popular whim.” SnrTra<eta an Illustration. Mr Taft in f his address further said: "It is a great mistake to suppose that the present-day government is to reduce dis content by widening the field of impulsive action of a temporary majority at the polls. What the observer of present con-' ditions must note is the growing unwill ingness of a minority to abide by the judgment of the majority when they think that they axe unjustly treated. The exhibition of what has be,eu going on ia England for the last three or four years by the militant suffragets is an extreme instance of what I mean. They use force, and with modern explosives and tbe free dom of modern life they are able to do public and private damage utterly out of proportion to their numerical strength. Nor is this disposition to resist govern mti.tal authority of the majority confined t> fanatics whose enthusiasm carries them beyond the bounds of sanity. We find a threat of the same physical resistance in the attitude of the heretofore conservative people of Ulster in opposing the passage of the home-rule bill. We find many labor organizations insisting that the arm of the courts be weakened so that lawless violence on their part may be an effective instrumentality to gain their industrial ends. Indeed, we find actual rebellion against state authority maintained by cer tain trades unions and supported hy con tributious openly solicited from their sym pathizers the. country over. “As the population in a country grows and becomes congested in large cities. the interdependence of one class of producers in a community upon another, and of all consumers upon producers and transport- ers. has greatly increased. The organized refusal of one class, whose activity is an importiint cog in our complicated agricul tural. industrial and business mechanism, to discharge its function, can cause the greatest embarrassment and suffering tq society at large. It is too often assumed in discussions of this kind that those who own property are always nonresistant and always in favor of law and order. That assumption, as a general rule, is well founded: but if the action, of the majority is seriously to impair the right of property, then we may find that their conservatism like that of Ulster will change to the re bellious spirit The property owners are not few in number. The rich may be few comparatively: but those who have earned and saved include many million farmers as well as business men. wage-earners as well as capitalists. Men with small homes and moderate savings will look upon a modification of their property rights with quite as much impatience and quite as much spirit of protest as other classes. Therefore, if the general public interest requires that property rights be qualified, this should not be done except after full est consideration and discussion so that general acquiescence in the change should be had.’. JUDGE PARKER S SPEECH. Scores “a Retired Chief Executive” in Address io Yale Law Seniors. "Something is radically wrong in the mental processes of the electorate, or else patriotism is at its last gasp when, with hardly a whisper of protest, a re tired chief executive may brag to repre sentatives of the people of his treason able scheme to intrude upon state rights, and violate otherwise the fundamental law by establishing a military receivership over coal mines pending a strike, ad mitting without a suspicion of decent shame that, he had well considered that his offense might be impeachable if com mitted-impeachable, of course, only be cause the acts planned would have been unconstitutional and lawless,” said Judge Alton B. Barker of New York, once a candidate for tbe presidency, in address ing the graduating class at the Yale law school at New Haven, Ct., Monday. Con tinuing he said:— "Our forebears, clear of head and far of sight, anticipated just such vicious attacks by those in power and sought to insure to us a government of laws and not of men and through their wisdom such a govern ment is ours for a little vigilance. The country needs a host of clear-headed active men in the electorate, who shall discern and brand with the infamy it deserves every assault upon the constitutional foun dation of our liberty, property and happi ness.” “The duty and opportunity of vigilance rests not alone upon federal and state offi cials,” said the speaker; “not alone upon the courts, but primarily and most fully upon the men with the ballots, and most heavily upon the legal profession because lawyers are well qualified to appreciate the necessity, for law and to understand how imperative it is that the necessary law be respected and obeyed. "Therefore,” he continued, “I call upon you to stand ever ready to do battle against every enemy of constitutional law and con stitutional liberty because you are young, because the country needs such service from you and because, as lawyers, you will have a special mission to faithfully serve in the constitutional army.” Announcement was made of the selec tion of Amos P. Wilder, former consul general at Shanghai, China, as secretary treasurer of "Yale in China,’’ succeeding Prof W. H. Sallmon, who resigned some time ago. Mr Wilder will make his home in New Haven and will take active charge of the work. GEN SCHAFF'S WEST POINT TALK On Relinquishing the Presidency ot the Alumni Association—-Onr Moral Leadership. Gen Morris Schaff. veteran of the civil war and a member of the Massachusetts gas and electric light commission, retired as president of the alumni of the military academy at West Point Thursday, and his address to his fellow-graduates touched upon the attitude of our government toward Mexico and the service of the army there. His concluding paragraphs were as follows I beg your indulgence for one word more. No observer of the swift march of national events and especially those of the last six months, can fail to see that we are at the dawn of a new epoch in our country’s, if not of the world’s, his tory. Notwithstanding much provocation and a wild, passionate clamor for war by screaming politicians, and frustrated busi ness combinations plotting for gain, egged on by a sensation-mongering press, with cool deliberation, listening apparently to the peal of a trumpet at the lips of des tiny, our government has left the san guinary road which empires and kingdoms have followed to conquest, power and mil itary glory and is bending her steps, with good will in her heart and her face illumi nated with a lofty purpose, toward new bights in the career of democracy. And whether she reaches those bights without conflict or not. can there be a question of the weight of her example or can there be a question of the garlands she will wear if peace, blessed peace, camps with her when the day is done? If ever a striking example of calm high-mindedness was set by a nation owning no superior, hating no rival and dreading no equal, that ex ample is now being set in the policy and bearing of our country. Let no one charge her with tameness or pusillanimity in showing magnanimity and unwillingness, although conscious of invincible might, to engage a feeble, neigh boring and backward nation. No. no. the well-tried courage in the American heart resents the insulting imputation and cries out. "Do not charge me with tffisillanimity because I have the courage to take the road to peace. I have been on the fields of the Revolution, of Gettysburg. Cold Harbor and Chickamauga, and I am ready now, as I was then, to spill the last drop of blood for the country’s honor and the natural rights of mankind: but in the name of and for the sake of all that is noble. I implore you not to call on me to make the sacrifice merely to gratify ambi tion or for territorial or commercial ag grandizement.” For almost a year, in the face of the most critical situations along the Rio Grande and later at Vera Cruz, with what discipline, humanity and self-possession has the army borne itself! Although with its hand on the sword-hilt, ready to draw when the country calls, not a war-breed ing word have you heard from it nor will you hear. Never, never have I been so proud of the profession of my youth. Yes, yes. and truly as the country proceeds on her heaven-appointed way. the. army with the spirit of old West Point marches in silence by her side, not an empty show or vain parade, but a martial reality, re flecting and sharing with her the loftiest ideals that ever hung in the form of glory before a people. The decision of the Jewish immigrants' information bureau—dr the situation which led to the decision—to discontinue the movement to divert a part of the Jew ish immigration from New York to Gal l veston, is unfortunate. The reason given for the closing of the bureau is the al leged hostile attitude, of the immigrant au thorities at the Texas port, it appears that, notwithstanding special efforts to meet their relatively rigid tests, 5 per cent of the immigrants have been turned back from that port in tbe pant year and a half, while from all other ports last year the debarments equaled only 114 per cent. Over 9000 Jewish immigrants -have taken the southern route since 007, and sub stantial progress seemed , have been made toward the highly desirable end of a wider distribution over the country of Europe's contribution to our potential citizenship. THE VICE-PRESIDENT SPEAKS AT MAINE COMMENCEMENT Marshall Telle of Economic and Edu cational Chances. Vice-President Mlrrsbail delivered ihe principal address at Orone, Me., last week at the university of Maine commencement exercises. He dwelt upon the need of education for the young man taking up the business of life. The vice-president said in part:— “Slight knowledge will not enable the young man to assume the management of life's affairs. In the irrepressible conflict between labor and capital, he cannot as sume that either property or labor is everything without tending to establish a peon class in America or an oligarchy of wealth. Complete knowledge may con vince him that it will be better for the republic to be controled by neither of these classes. “In 1850 we had a republic where labor was satisfied, where respect for religion and reverence for law and order and a sincere attachment to the constitution were strong. In that year the proportion of the annual wealth Created in the coun try by the joint efforts of labor and cap ital was one-fourth to labor and three fourths to capital. Sixty years later the proportion had changed to leas than one fifth to labor and more than four-fifths to capital. This disproportion; to my mind, has much to do with our present: discontent. "Usurious interest is no more, but usuri ous profit has taken its place. When our statutes regulating the rates of interest were enacted the laboring man, generally speaking, was a skilled laborer. He could produce a completed article. The advent of machinery took from him his tools and put them in the hands of capital. Money no longer is borrowed by laborers to en able them to carry on their trades, but money is crafty, and instead of loaning itself to the laboring man it is now buy ing the laboring man’s machinery, con stantly enhancing its own profit thereby and constantly decreasing the laboring man’s share of our produced wealth. The young man in assuming leadership must create a public opinion and develop a moral sentiment against usurious profit as against usurious interest. Evidence of a disposition on the part of the corporate wealth to accept this view is not lacking. I dare the prediction that the railroads of the country would welcome a perma nent 5 per cent or 6 per cent accumula tive profit in exchange for their greater profit and the doubt, risk and abuse which come with it. “The doctrine of states’ rights is now seldom heralded save in opposition to needed reforms. I must subscribe to the doctrine, but I realize that subjects which formerly were purely of state cognizance have become of common interest between the states and that the doctrine of states’ rights must be supplemented by the doctrine of states’ duties. “To control our corporations, it becomes a state’s duty to place in office vigorous and honest officials who will hail offenders into court and vindicate the honor of their state laws, instead of elevating into office men who will quietly sit by and wait for the general government to devise some plan to prevent the evil and to punish the wrong-doer. To conserve our natural re sources, it becomes a state’s duty to adopt a system for the wise and economic use of the resources and the prevention of private control by greedy speculators. “If states’ rights are to be preserved, the young men of to-morrow must take up this cry of states’ duties; otherwise, our pleasing vision of Uncle Sam as a patri archal gentleman with n lieneficent smile on his face toward zlmeriean manhood striving for success will change to that of a quack doctor placarded, ‘When others fail, consult me/ “We Americans are not dishonest, nei ther at heart nor intellectually, but I am fearful that many of us are intellectual cowards. When ‘getting on’ involves us with our consciences and with the lews of the land, we do not fight the battle out with ourselves. We throw ourselves into the arms of the law and demand absolu tion from sin and protection from punish ment. The law, of course, has defined neither fraud nor dishonesty "with that de gree of certainty which places our pro posed conduct within its terms. “The old order of education has changed. It furnish a philosophy and taught men that happiness was not in his material surroundings, in position or power, but in his own purposes and con duct The humanities have been forgot ten in the rush for the successes. Our institutions of higher learning may not be expected to furnish a philosophic view of life, but they can be expected to instil into the minds of young men—intellectual courage. I am visionary enough to be lieve that intellectual courage combined with honesty will solve whatever social and economic problem may arise. May this institution send no man into the world to be a leader in thought who is too cowardly to fight error and too timid to embrace truth. 1 ’ During the commencement exercises Vice-President Marshall received the hon orary degree of doctor of laws at the hands of President Robert J. Aley. The same degree was conferred upon Henry G. Morrison, superintendent of public in struction of New Hampshire. HIGH TARIFF AND IMMIGRATION. Present Conditions in Masaaehnsetta —The Commission’s Report. To the Editor of The Republican:— I see that in a recent editorial you ad mit for the first time, so far as I have observed, the evils of excessive immigra tion. You say that “Massachusetts is paying and will long continue to pay for its rapid advance in manufactures. It is a price such as is paid nowhere else on the earth. Massachusetts is no longer its old self. Only one-third of its popula tion is native-born of native parentage.” It should be added that at the present rate of immigration, with the progres sive sterilization of the American stock by the introduction of foreigners into the farming districts and otherwise, the pro portion will soon be not two-thirds, but nine-tenths. You quote the state immigration com mission as saying that “the one-third of the population that is native-born of native parentage is seeking to bring un der dominant American influence the other two-thirds of the population. . ■ . Unfamiliar with our laws, our customs, methods and standards of living, these newcomers have imposed upon many com munities burdens far beyond their finan cial strength,” and you continue: “Im agine an England whose native-born of native parentage was only one-third of the population.” You place the blame of this condition upon the protective tariff, and say that the severest count against that tariff is in the statement of the Massachusetts commission, from which the above is quoted. Are not yon overestimating the impor tance of the protective policy in this con nection? Is it not true that so long as wages in this country are substantially higher than those in parts of the Old world immigration will continue, and that so long as the advantage of the Ameri can workingman is as great as it now is, it will continue at its present rate? The only escape from excessive immigration, if its amount 1b allowed to depend merely upon our industrial policy, is to make the American rate of wages so low that there is no longer any inducement to the foreign er to exchange his condition for ours. If it is ,true, as you imply, that immi gration is at present excessive, is not the sound policy to lessen its amount by di rect legislation to that end? To the great majority of the American people ft has long seemed, as shown by the large ma jorities of votes for the reading test in both houses last year and in the House of Representatives this year and by many previous votes, that the best way to re- strict immigration is to restrict: not to wait until the American standard of liv ing is so far depressed that there is no longer any inducement to the foreigner to emigrate. Joseph Lee. Boston, June 11, IHl^. t^The Republican has never held that immigration may not be excessive^ nor that if is unaccompanied by evils. But it has opposed, and still Opposes, the lit eracy test for admission to this country. Our statement as to the relation between excessive immigration and the. high tariff was based on the declaration of the Mas sachusetts immigration commission, as fol lows:— At present., the one-third of the population that is native-born of native parentage is seeking to bring under dominant American tlon' enCe Vhe two-thlrds of the popula- Thls gravely perplexing and possihlv men acing problem Is .due in largest measure to the intense industrial expansion that has pre vailed during the past 15 years. Employers of labor have been speeding ahead under forced draft, and. so far as human equation has entered’into their calcu lations. it has simply been a question of suf- Jcient supply, to meet the demand for labor. " , .?? ct ,Jlat the only labor available for nnskilleq employment was that of non zß?, speaking people has caused an Influx those whose life in their own rountrr made them willing to work for a lower wage and to live more cheaply than native-born citizens. The Republican does not hold that this has beep the only cause of excessive im migration. but there is no escaping the fact that “the speeding ahead under forced draft” in industry, which was the logical, even the desired, result of the high tariff policy, was an extra stimulus to the immigration movement. SPIRIT OF THE FLAG. President Wilson Saya Banner tor Future Is Meant to Stand tor Jnst Use ot Power. Waving his hand toward an American flag hoisted by a squad of navy blue jackets. President Wilson told a great crowd assembled at Washington Monday before the state, war and navy build ing in order to celebrate flag day that, flying over a reunited nation, the banner for the future was “meant to stand for the just use of undisputed national pow er. Our spirits as well as our states are now united,” said the president, “and nobody questions our ability to push for ward our economic affairs upon lines of unparalleled success and prosperity. “I sometimes wonder why men take this flag and flaunt it. If I am respected I do not have to demand respect. If I am feared, I do not have to ask for fear. If my power is known, I do not have to proclaim it. I do not understand the temper, neither does this nation under stand the temper of men who use this flag boastfully. “This flag for the future is meant to stand for the just use of undisputed na tional power. No nation is ever going to doubt our power to assert its rights, and we should lay it to heart that no nation shall ever henceforth doubt our purpose to put it to the highest uses to which a great emblem of justice and government can be put. "It is henceforth to stand for self-posses sion, for dignity, for the assertion of the right of one nation to serve the other na tions of the world—an emblem that will not condescend to be used for purposes of aggression and self-aggrandizement: that is too great to be debased by selfishness: that has vindicated its right to be honored by all nations of the world and feared by none who do righteousness. Is it not a proud thing to stand under such an em blem? Would it not be a pitiful thing ever to make apology and explanation of any thing that we ever did under the leader ship of this flag carried in the van? Is it not a solemn responsibility laid upon us to lay . aside bluster and assume that much greater thing, the quietude of genuine power? Ro it seems to me that it is my privilege and right, as the temporary rep resentative of a great nation that does what it pleases with its own affairs, to say that we please to do justice and assert the rights of mankind wherever this flag is unfurled." SIGNS OF THE TIMES. Carrent Business, Patience and Finan cial Health. To the Editor of The Republican:— Mr Vanderlip's address at the meeting of the New York state bankers’ associa tion shows a breadth of view not always found in the circles with which his name is most associated. He has at least an ap preciation of the genera! character of the period through which we are passing and its significance, historically considered. He does not denounce the government or the politicians, nor does he demand a divorce of business from government regulation, as so many leading business men and financiers are wont to do, A merely bour bon attitude of mind teaches us nothing, and Mr Vanderlip has the distinction of avoiding it There can he no doubt that certain busi ness men in the hope of restoring the old order of protection and laissez faire (for themselves) are talking depression with might and main- They actually enjoy the prospect of depression, trusting that it may lead to the restoration of the old (re publican) policies. To illustrate: A mill owner within the past fortnight was descanting at length and with extraor dinary emphasis upon the prevailing hard times. There was simply no business do ing. Three days later I met his manager, who assured me that in his line of business trade was good and that the mill was working on full time. Prices, he ad mitted, were a bit low. but the prospect was better than at any time since the mill was started,—about 10 years ago. In the meanwhile, he stated, the mill owner was slowly but surely accumulating a fortune. Is this a case of “psychologi cal” depression? Moreover the statistics of production and of bank exchanges show many worse periods during the past 10 years, even the statistics of the steel trust. Why this ab normal sympathy of certain newspapers with a reduction of orders on tbe part of the the steel corporation when the reduction is only moderate after all? A competent business man, speaking of present conditions, said that such reve lations as those of Mr Mellen had thor oughly scared capital, so far as new un dertakings were concerned. This explana tion may or tnay not be right, but so far as it goes is it not "psychological”? Every economist who favors a low tar iff (and nearly all economic teaching leans in this direction) knows that its immediate and temporary effect is a reduc tion of orofits and to some extent a re duction of prosperity—but that its gen eral and permanent tendency is toward a more (table and better distributed pro duction. Protection is a stimulus and, ex cept in rare circumstances, a very morbid stimulus. Withdraw it and the patient for a time feels relaxed. But in the long run the business of the country is on a sounder basis under a low tariff than un der a high one. The capital point is that a little patience is necessary to understand and appreciate the benefits of a return to health. n. IVilliamstown, June 13, 191 f(. Senatqr Lewis, tired of being called “J, Ham" or “Jim Ham," has dropped ais James and is to be simply Hamilton Lewis. Thereby he follows the illus trious examples of Stephen Grover Cleve land; Thomas Woodrow Wilson, Solomon Washington Gladden. Joseph Rudyard Kipling, James . Brander Matthetvs and ot: erg, each of whom has made a distin guished name for himself.