Show Mr Peabody On Ethical C Conduct J In a striking letter to the New NewYork NewYork NewYork York Times Mr George Foster Peabody says that the need of the tho hour in America Is courage courage- In place of the sense of f fear which so long do dominated business leaders leaders lead lead- ers as well as followers and a higher ethical standard on behalf of all political candidates and and andaU andall all aU others We Ve need an understanding understand understand- ing of what is just in the distribution distri distri- of tho products of f labor where an elert Inquiry Into the Here says Mr rr Peabody Is His ethical aspects of business methods methods methods meth meth- and of the fiduciary responsibilities responsibilities of the officers and directors directors directors tors of banks anks and of all corporations corporations corporations corpora corpora- is called for not less than the tile case of public officials In addition n We Ve must remember remember remember ber that millions ns of our men and women have no means of earning earning earning earn earn- ing living and we should not forget that even In the so- so called prosperity times of boom many were many were on the ragged edge as has been disclosed Why Because Because Be- Be cause of an unjust distribution of ot the products of labor and lack of opportunity to produce It is vi vital vital vital vi- vi tal now to apply th the principles of ot both slogans without fear or fa ta- fa- fa vor The slogans to which Mr Peabody Peabody Peabody Pea- Pea body refers are those of half halt a century ago Public of office ice is a public trust and Pitiless Pub Pub- There is no man in America from rom whom such words could I Continued on page four MR PEABODY ON I ETHICAL CONDUCT I II I Continued from page one come came with better grace During his ha career as a banker in Wall Wan WallStreet WallStreet Street Mr Peabody having as he says noted the dangers to ethical eU cat conduct attached to great wealth determined to give away his fortune fortune for tor- tune when it r reached ached the then great sum of at one million dollars He acted on his determination and a large number of at or-ganim- or organizations bona for the public good have thereby Mr Peabody has devoted his gifted life to the welfare of at his fellows Tho The Churchman |