Show TI Nation Congratulated of ol Prosperity During the tue thC loot last IO t five years business confidence has his been heen restored and und tin the nation naton Is to be congratulated con because o of ot its Itu Io present abounding prosperity Such prosperity can cnn never novel be created by law It Is easy elY enough to destroy de tro It by b mischievous laws If It the time hand of ot the Lord Is heavy upon u on any nay country If It Hood or drought comes cOln human wisdom Is power powerless less jess to avert the tle calamity More Mora Moreover over no 10 law can guard us against tho thc consequences ot of our own folly toly The Thic Themen men who uro aro Idle or credulous the men muon who vho seek gains not by genuine work with head hend or hand hut but by gambling In iii any uny ny form are always a I source of men muon menace nee mice nut only to themselves but to oth othi others ers ems If I tho the business world losen i head ead heal It I loses hoses what legislation cannot Fundamentally tho the welfare of ol citizen and Ind therefore the welfare nf of lt tho the aggregate of ot citizens which makes time the tIl nation MUon must mut rest upon In Individual thrift and energy resolution and md ond Intelligence Nothing can cnn take tako the tho place of at this Individual capacity but wise rise legislation and honest and Intelli Intelligent II ell gent Kent administration can cnn give clo It the fullest scope the thc largest opportunity to work to good effect SERIOUS SOCIAL SOCIL The Tho tremendous and highly complex Industrial development which wont want on with wih ever oer accelerated rapidity during tho tatter latter of ot the tho nineteenth cen century tury tur brings us I face tace to face at th tM the be beginning e ginning of tho the twentieth with very vot serious social problems The old laws and the old customs which had almost ho bilO binding force ot of law Jaw were vera one quite quie to tho the accumulation lation and distribution of or wealth Since the tho Industrial changes changos which have hao so Increased tho the productive power of mankind they are nn na n longer sufficient lu clent LARGE CORPORATE Tho Time growth of ot cities has gone on 01 be beyond beM yond ond comparison faster taster than the tIme growth of the time country and the up Ullo ot of the great Industrial centers has bal meant a 1 startling startIng Increase not nol merely in tho the aggregate of wealth but butin butIn butin in tIme the number of very vAry large Individual and especially of ot very ery large corporate fortunes The Time creation of ot these great corporate fortunes has not been dun Aw to the tho ho tariff nor to any alY other government governmental gOV al aI action but to natural causes causel In the business world operating In other countries as they the operate In our own POOR NOT GROWING POORER The Tho ho process has haa aroused much an nn antagonism a n great gelt of ot which is me wholly without warrant It I Is not true that as a the time rich have grown richer the poor ioor Ioor have hao grown gown poorer On the te con contrary contrary contrary never nver before has hns the average nan inn nn tho the the tho farmer th small trader been so o well off or as In this country and at the present time There Ther have havo been abuses connected with the accumulation of ot wealth i yet ct It remains true truo that a accumulated d In legitimate business cnn can an be accumulated I y 3 the tho person specially benefited onh tm hn in condition of ot conferring Immense In benefits upon others Sue Suc Successful tuc enterprise en to rIse of ot the typo which benefits nfl all al mankind Il cnn can only exist If It Ithe ho Iho conditions are ure such uch na no a to otter offer great Iel t prizes as I the rewards of ot success WORK WOn OF CAPTAINS OF INDUS INDUSTRY INDUSTRY TRY TilT The Tho captains of ot Industry who have havo driven the tho railway systems across this continent who have hae built bui up our corn com commerce cm merce merc who have developed our manu manufactures manufactures H have on Ott the whole holo done donI great good to our people Without thorn them the tie material development of ot which we are ure areso BO so 10 Justly justy proud prow could never have tak taken taken taken en place Moreover we should recognize recognIze nize time the Immense importance to this material development of ot leaving as un unhampered unhampered hampered as us IS Is ts compatible with the public good tho the and forceful men upon whom the success of ot bust bUll bUlli i n ness f operations Inevitably rests resti Tho Time study of business conditions Will Wll satisfy anyone of ot forming n IL 1 Judgment that time DIP personal equation Is II tho time most moat Important factor In a n busi bul business ness operation that tho the business abil ability ity Iy ot of tho the man nt at tho time head bend o of f uny till 1 busi busl business ness Ic concern concer big or little Is II usually the tho tl factor which l the tho gulf between striking success and hopeless failure DEALING WITH CORPORATIONS An n additional reason rason for fOl caution cauton In dealing with wih corporations cur la is tu to ho bo found in II tho International coal commercial con eon of today tu Tim lime same saint conditions which have havo produced the tho great aggregations of corporate and In wealth have made thain very ery potent factors In commer competition their which have tho limo largest means menns at nt disposal and are aro managed by h l tho the ablest men len aro nr naturally those which take tako tall tho lead lood In time the strife strite for tor Or su supremacy 1 among tIme the th nations of ot tho time world America has Imus only Just to ton assume n that commanding position In liz tho International business world wol which we wa believe will wil more moore amid III more immure be bo hors horn herl It Is Ie or of tho the utmost importance that this I position bo be o not hot especially os nt at nta It Ito ata a o time when time the overflowing abundance of cut gur own 01 natural resources r amid tho tIme sll business energy and mechanical aptitude of ot our omit mull foreign markets essential under such nuch tIon It would bo lie most to crump or QI to 10 fetter felor time tha youthful of at atour our 5 00 10 1 UP OR on DOWN TOGETHER Moreover It cannot too often oren bo ho pointed out that to strike with wih Ignorant ignorant ant violence at nt the tho Interests ot of one sot set ot men almost inevitably endangers tho time Interests of ot all 11 Time The fundamental rule rulo In It OUt our national life lifetime tho rule which un underlies und denies d all ni that on the tIme whole an In tho the long run rUI wo we 0 shall 1111 go up or down together There hero are 00 exceptions amid coWn 11 In itt h times of prosperity somo will wi prosper pcr fat far f more Ill In II times humus of ot rul ad CI dome will sIlI mi lurer If or far fr immure mure loru than others ethers but hut speaking wi n generally a 1 pull od O of ot good times means menns that all al shuro more or less In them anil In iii u it 1 pet in of ot hard times all feel the stress to a n 01 or less 1088 al degree It I surely ought not to be necessary to enter en Into any nn proof o of 01 this state statement ment meat the tho memory of ot the lean years enro which began In it 1893 Is still sUII vivid we cnn can contrast them with wih the tho conditions In this very year which isnow Is Isnow now no closing Disaster to great business enterprises can never have Its ItA effects limited to tho the men at nt tho the top It I spreads Sl throughout and ami while hlo It iiA Is bad had for far It Is la worst for those I J I down The capitalist may nitty bo hu of his luxuries but lut time the wage worker may be deprived of even bare ura necessities |