Show - - -- 0 to - -- - - - v Te if PP ' THE SALT LAKE TRIBUNEStTNDAY MORNING Of uponmake this appear to be lin attack upon te minority-abusee-hr- t t ' - the exploited majority itself Thus during the past few months at-- I lacks on-- the—misuss el concentrated power have been distorted Into attacks upon AU business big and little and upon our whole system of private profits and private enterprise During the past few days I have been happy to note a definite improvement of understanding on the part of many who have been led to follow this false guidance Easily Located The source and Influence of such misguidance of public opin Ion can be easily located I was interested the other day to read the report of a correspondent of a London financial magazine who had recently 'surveyed conditions in the middle west and - - OPens- Wit liAneedote of Lady Who Wrote Him During Last Campaign RepliedThat t His First Vote-Wenfor Theodore elt Ro-o-sev- 8 UP) — WASHINGTON jam The text of the address prepared by President Roosevelt for de- livery at the Jackson day dinner here Saturday night follows: When speaking before a party 7 ' t lb o - in these modern times ri am happy to realize that the au- diem is not confined to active members of my own party and that there is less of unthinking partisanship in this country today than at any time since the administration of President Washington In the last campaign a charming lady wrote me as follows: "I believe in you and in what you are trying to do for the nation I do wish I could vote for you—but you see my parents'were Republican and brought up as a Republican and so I have to vote for your opponent" il I r t 11 I 9 1 - i I o Quotes Reply My reply to her ran as follows: "My father and grandfather were Democrats and I was brought up as a Democrat but in 1904 when I cast' my first vote for a presi- - - i : cedaae nunatde- dtiveZuhdge Democrat candidate" hof odt rohrteehR( Ittt eepavuebbi that Conditions and parties change with every generation Neverthe- less I cannot help butt feel pride In the fact that the Democratic party as it exists today is a na- - ' s tional party reflecting the essen- tial unity—of—the whole country As we move forward undir our present momentum it is not only IS but it is right that necessary i ' the party slough off any remains 4 of sectionalism and class con- ' aciousness 1 Party progress can- not stop just because some public officials and private groups fail to move with the tithes Their will be amply filled by the '71 rising generation- "Nature ab- hors a vacuum" t Not Party Labels ' In these recent 'years the aver- 'age American seldom thinks of Jefferson and Jackson aa Demcrate or of Lincoln and Theodore lS i1 -- -- Roosevelt as Republicans—but bele each one of them to his attitude toward the !undo- ' - mental problems that confronted him when he was active in the af- ' ' fairs of government These men stand out because of the constructive battles they waged not merely battles against things temporarily evil but battled for things permanently—good — for the basic morals of !i democracy which rest on respect for the rights of and faith in majority rule a They knetv with the wisdom of 1 that the majority experience often makes mistakes But they believed passionately that rule by ' a small minority clads unfailingly makes worse mistakes—for rule by class takes counsel from itself l and fails to heed the problems: and therefore the good of all '0 kinds:and conditions of! men In j" the long run the Instincts of the common man willing to live and let live work out the best and safest balance for the common good That is what I mean by the I i battle to restore andmaintain the moral integrity of democracy r Oppose Government At heart some of the small mi) nority of the other side seek and use power to make themselves masters instead of servants of mankind At heart they oppose our American form of government I I s That is the cause of the great struggle we are engaged In—a for the maintenance of the integrity of the morals of de- Nx1144 mocracy And we are in the process of winning it President Washington feeling his way through the organizing tatz- IIVI-—I nt would r I l not' he most safely conducted by the minority of education and - It t ' 6 - - it ' - - r Ct wellultthIefferson 0 --- -- - --- 11 I --- i 1 v- - - - °t - v 1 - - 1 al - 1 - - ' 91 - : s ' II - - - a ' - - - LAJ- a l'4 - 1° Nk 1 ::c tia i 'ort le- ''' - : - Is -it ''' '' - ' :':4!-'4' wowlee ' -' g toes or ' - 44 Ch $ - ' - "" :'''' b- ' v' -- -" ' ' e - :::::::i:::: - 1 t- 4 A - I - - ' 0 : -- - 1 it 11 1! r f 11011 V r 44 ) l ico !ms ' I 411 441 -- se ' -t- sourisoft 0 - ' ' 1 i I - 1 t '" asaisaamm4441 irm 6 : rem -- 6 "I' - 01 Vot I - fo-wi- - - - v a-- 4 z - - wa -- ' 0 -- - ? - os '''S A-- T I t- -- - - ' ' yjk 40 I - ' ‘01 - - -- j J Th 1) Ale - 91(12 Velvit Rugs - 4 - 756 t i -l- yPiliit 97t12Oner of s: - ' too manyi ThcY were all good burl and wo were"still low—but they haven't sold as rapidly as iprices so out they lot bedroom 'stateNintrud--- —Regular $baOU walnut-flas$3450----:' sing bed chest and dresses iPranklytre-boug- secured s - i ht i them It fictill --- : - - t - -r r- ' - IV 1 - veneersvincluding-all-four-plecesi-la- le $4950 -- $C950 -- - - kti-- $4 750—$78—$99 50 - - - ' 11 14f - - - R-TA- 1 --- 60 0 IR t2 t- "alb - - - - i ? 44: so t t - i v - ' ----9' - ' ' ' - — ' Small - - - ---- -p - :::r John - - - Dew! terms Hvery most -' - - -- - - -- --- - ' - i — -- - - (1' itt :- fo r ino lkitS7tett drive l West to fill your ILL to your very door anywhere Old al- t r- ' - :- ( - cue- - - -- ' -down — touters pay nothing 70-12- - :'''ri tiiI4b!: leorecierpIotticlie alreteCtnhVeesnaldiet: - - — — - ' I Payment Terms! Credit Easy -- ' ' ' - :' - I' -- '' - ' - 1 - - - k ' - - --- 0 N ) ' - 7 ' : wi D- - ' aa '" N: Down— ' 1 ' s ' - ' v 9 - Reoular$8060 maple bedroom suites including 'bed Chest bench andNanityreduced to only Regular- $8500 paneV bed suites- in rich walnut priced only -- - a& -- '''''''Cc: '''' :s $a mouth 100 É - : ' io- ' - e - - 6950 $7950 t " ' - have everof-- 1 groups of nig bargains feted! High grade long wearing seamless Axminster' in se eilP most choice of the desirable –Splendid and colon s schemes—rugs that were priced regularly up to 15500 Sale 111295 E001(3BEDROQMISUITEIERICESICUI1 5 S - - - - :- Scdmiess Anminstera we ' ' P "':':'-- '1i - price now only ' A'N W - - A - 50 v' -- the greatest ' - 5950 $9nso - - - theee this SAWke 4 $295 18so — 1 - move - - 9x12 Rug Cushion rad - - - el - Unusuall y rich and beautifu patterns and color schemes to $2i50 Down—— choose from! Every rug sharply $2 4Month rechped from its former regular price! Save! l- not anticipate' tho last few months - S5950 'I the and must ' Regular $15000 living room suites of two pieces including luxurious Innerspring davenport with - choice of matching chairs In luxuriotio velvet coverings in choice of colors clear- once priced at only — Living Items Suites With Extras Priced $61850—sse75—$11150 ' 1950 $5950-1177135--S9- did have Over 00utg-- colors-oLault- oselliseselikassogil - ' r mites we ttful Ming new upholstered in attractive tapestry in choice of that were hotight to sell regultrly at S7500 Sale priced now at only You Will also find handeome suites in rich velvets: Including luxurious innerspring davenporie and choice of chairs—suites sold that matching regularly at $9000 are in 'Arils great Clearance Sale now at only living room suites In "gorgeous rayon velvets Beautifule kind of innerspring construction that means real comfort and long satisfactory service—suites bought to retail at $12000 have been drastically reduced to only eat dealgns 04) value!i of cost or beausuites — --- -- welr - 1 e consequently we are overstocked regardless tostyo ' lbsosasaut1 1 LIVINGIROOMISUIITESIREDUCEDI Regular $11500dining room Elites Is genuine aonpom including huffet tahlo hrwit chair and five side chairs Clearance Sale at only priced Newest modern style dining room suites 4n rich walnut veneers—eight-plec- o suites that were marked regularly at $14000 Sale priced k now at only and II Piece Dining Room Suites Whit EstraPriced - -- ts 'PO'4trY 0 0ink Nit 414444:411 Splendid walnut finish dining room soften including buffet table boot chair and five aide chairs Regularly $8500 Now only 4 ' assla -- -- ir°Sr0H'IwiN"'S"11447 (tteoii : Too many dining suites is our trouble right nowt Frankly we overbought We have no choice but to sacrifice these beautiful suites for what they will bring! For example: - I - ill : t 4 I - 4:4 i11)1 it - 1 1 00000a0010 s 9 SAVEIONIDININGISUITESI :: orseass -- --- : 11:361- A '' 4 if - i - aN : I - eh 410w1"1-o-44"'""''''- : i - 441:: 14 - - I - 01r :- osaaa4 di - : 1'11IEi - - s:msA 5 l'(11h 0 - onamiwa Pi mals 444 - m otssoyorft-- ! ) :1 ' 1 t ' Ipriamow°11- ''' :41 L' - 41 -- !1418"1 -- ----1-4t fill reliMMMS00111MIngmh imais160 o'$)I I - 4 1 tl 1 -- - - ""111111110111911 : Oil° isms' 00 -0- 11k 00010 trlitAst' Y 1)1144:: vr f4 T - ' " s 11A 4!-:-- —:teten ?1: s if 1 ' aas: - S 4 'II 1 - ' amaaal L7r07rmAiliiidsolsomsolit'iii v i I Nt '- - : t - - c- ' ' onompro :1 ir 491941 f3 1 - 4 - ' :airli4 : tel h I - - 7 " ''''''''' - I 1 II - : ‘---77- - aaa41041: 11 - 1 KZFL4 '''''' - :' - - 'el' lifig:' E0'''' ' is- '' - : cd 4101$0i' - 1::' :' v4commempwohi' When the kids grow up you cut this bed apart and have two single beds! Bargain for "gulch prI clearance! --- ::: - ' :-- - : - - - ! - : - - 4 ' -- ': sole rialwTalk7:704040111 "e"111417 - ' 4 4 No Carrying Char ges 'Added '24" - Down- - II '::::: :!' ':':':01101" :4 ': :: illitttaz - p !“ : ::::: Ar'Nia:CmmaTt) h What Bargains! You must see the tine chairs we are sacriicing in this great Clearance Sale that d Iisregards original costa entirely 1 4't 4 ) ” i 114 st60--Ment- : -- --4 4:4' ! 0e2- Aasilla Double $2Down--$2Mont- - 112' :: I 1 $175 - 0 ::::P:'-:)- : ''' lox- l ' ‘ le oclIO Marked t - (400000°°1' caw 1: 1i - Lounge- - - a- - 414 :§ 44' - : s ''''1 rl '' - t)-iizAI- 4):CV -- 1 orillajo i71 '? - ate striving to Uphold the integ-rity of the morale of our h -democracy There Ls an ancient strategy-whicwe have seenrecently em- ployedwhereby those whowould —exploit or dominate& peoplooseekto delude their victims into tight" ing'thetrAbottito intthemo And 4 s:: Ll "' ' ' 1 rog practiced abuses of power and privilege by small minorities Thus we In turn i r I 4 i 11teil r 40 :immagi aallirg-"------- wel that the 1 1r - : 41 i ' - :' 1 for - t :4044 - I ' grity : Af 17 - fr 7"" telvlie- - ‘ What a inventory gave us! When we took stock at the end of the year we discovered that we were heavily overloaded with fine merchandise and that we must reduce inventories at any cost! That's why' we've decided to wipe out our entire surplus stock at the greatest bargain tirices in years! 14 La the-inte- ority I - mere handful of the total of business men and bankers and industrialists-w- ho will fight to the last ditoh to retain such auto cratic borttra-over and the 'finances of the country as they now possess Witt thie handful it is going to be a fight--a cheerful fight on my Part but a fight In which there will be no letup compromise with evil- -no until the inevitable day of victory Once more the head of the na tion is working with all his might and main to restore and to up bold or the morals of democracy-o- ur heritage front the long line of national leadership-from Jefferson to Wilson -a- nd preeminently from Andrew Jackson few-- ‘Immosiommori - (struggles unable ' headache 4nending contribution to the viality of 'our democracy We look Kit on his amazing personality binfluence wb ch ' illeinv411111110 se honor Andrew Jackson for his dm '''' ': '' ''' IS61 ALL THOUGHT OF PROFIT 000Pw WIPED OUT IN THIS DRASTIC CLEANUP! BARGAINS WE CAN'T REPEAT! :' that do all' is possible by cooper ative endeavor and to aid in cop r -rectiVe and helpfu- l- legislation-m-7"-IN where necessary We know that there will be The White House door is open to all our citizens who come offering to help eradicate the evils that flow from undue concentra 96-in- - -- ' An 1 i A 1 lor : - ' 000900 of the total That means that the ownership of per cent of the securities controls the other 96 per cent Here is a dog being tail wagged by 'a I have recenty described many - ts - business - -- " mesotrual- review his battles because the he went through the he encountered the feats he suffered andthe victories he Won are part and parcel of the struggles the enmities the de- feats and the victories of those who have lived in all the genera Ii013 that havefollowe- dwo have still the continuing'ay menace of a comparatively small number of people who honestly believe in i their auperior right to ent 4 villa 11 -41- Aoal if - es Then came Theodore and The resurgence of the of democracy He too preached majority rule 'to end the autocracy of the same old type of opposition He pleaded for decency— strenuous decency—in public as ail well in private life He laughed at those who called him unprintable names and challenged again the small minority which claimed vested rights to power Wilson's Work You know how Wilson carried on the fight- - If the cataclysm of the World war had not stopped his hand neither you nor I would today be facing such a difficult ta k of reconatruction and reform n the eighth of every January 4 k- -lio : :::: -- - economic power or imfalr practices—who offer to Con of Na ' e l and : s: electric utility securities -" 41 f' ' "14 some $13000000- - and that- the substantial control of this total is vested in the hands of the owners of less than WO- - 7- ) 1 ::: ' 000 1- A- A' : estimated that there ' f e vio lo - " ' tinuance I7 pr V I 1 ': morrected—the —existing -- vita- that flow from mistakes of the past We cannot condone their conhas-bee- a n gf u - this government has now passed laws to prevent similar occurrences in the future But weAtave no yet It 0 77 other activities that should not be tolerated in our democracyprice rigging unfair competition di- 'rected against- the little man- and monopolisttc- practices of many kinds Call them evils: call them abuses call them unfortunate facts It makes no difference Give to me and give to your government the credit for a definite intention to eradicate therm Give to me and give to your government the credit for believing that in so doing we are helping and not hurting the overwhelming majority of business men and dustrialists in the United States Hope for Bane We hope- and believe that these evils and abuses will in greater part be eliminated by cooperative action 'of thatroverwbelmlog maj- come are outstanding of t 040 '' -- d 'clays-t- 7 ' f : Ac :) a4 '1 - — holding company securities which hadhluessky shove them instead of tangible assets behind tliem Laws Prevent Grim That evil of utility hdlding company control will not grow in the 142414 silittki- ' 19 s) - a - s ae - -- k: - a 0 in p - "" - : v OA a tN i Another generation went by emerged — and was for his- - uncouthness his simplicity his homely stories and his solicitude fqr the little man He laced opposition far behind his battle lines from those who thought first and last of their own selfish aims—by gold speculators in Wall Street who cheered feats of their own armies-becausthe price of their gold might rise by army contractors who founded fortunes at the expense of the boys at the front—a minority un- - willing to suppOrt their people and their government unless the gov- ernment would leavethem free to pursue their private gains Fought ter Democracy He too fought for the morals of democracy—and had he lived the south would have been al- lowed to rehabilitate itself onthe basis of those morals instead of being "reconstructed' by martial law and carpetbaggers There followed an uninspired commercialized era in our nation-battlat life lighted briefly by h born integrity of Grover - i i -- - :aaama: ' 1 - t--- ' froverz :"1 ) - -- N Lincoln scorned - -- raalsamo t- dmocracy - eternally vigilant and once more the control of national affairs was maneuvered into' the hands of a groupof citizens small iihnumber The gAvernMont's-face-vthe-- handful of citizens of who owned the Bank 144 the Unlie'd States and the great -- stierchant and shipping companiesThe frOVertiniettc't back was turned oat Oaten otthousands'of pie- - ' all kiEsoeat the mer- - they maintain their privileges are harmful to the body politic --Tradition al Plea ' : After Jefferson's election overtheir violent opposition such peopie said to him—"Let us alone— do not destroy confidence" After Jackson had won his fight against' the Bank of the United States- they said the 'same thing They said It to Lincoln to Theodore Roosevelt and to Wilson Strangely enough although they had no confidence In a people's govern-tor- s runt they demanded that a people's governMent have confidence in themmy message to the congress on Monday last- I made It abtin dantly clear that this administra- tiod seeks to serve the needs and to make effective the will of the overwhelming majority of our will - k tA oitra Irk ILoasic prise ' Nor can anyone say that even & majority of these elements in the population were opposed to either one of them The fight was won—as all such fights are won in the loisg run— because Jackson was fighting on the side of people whose instincts did not fail him He was fighting for the integrity of the morals of i ' - ' fle faftnehtri dn newspapers and magazines of the day And so to disseminate their policies in every hamlet and town his associates resorted to printlug simple - leaflets and pam- phlets The handful of printers and edir who helpud them were bar- ried and arrested with the full approval of the great papers and magazines of the day This was the first effort with the coopera tion of the owners of the press the essen'tiaL freedom of the press - It failed just as any similar effort would fail today - yu direct-governm- Opposed by Piess Against him were almost all the I 1 saw that this ton- exercised by a minor- oylfoluoindg be ' destructive - or sr sound representative democratic system He preached the exten- sion of the franchise and govern- ment more responsive to the pop- - ular - I of wealth than the Democratic again tain regions and spreading over into the new country that lay westward to the Mssippi Jackson took up the battie oft these pioneers of the west and - south and the battle of the articulate poor of the great cities For that like Jefferson he called a rabble rouser He had to fight the same evil Jefferson fought—the control of go'vernment by a small minority ' instead of by a opinion the duly heeded by courts and the president The Bank of the Unfted States was the purse and sword of the 'opposition and 'with it were aligned dil those who like the early Federalists in Jefferson's day were at heart in favor of control by the few With itwere aligned all of the nationally known press of the day withr the exception of three newspapers The bank sought to array all the money in the country against him Not General Attack No one who reads the history of their period can allege that either ctbtaeen I have told that story many and if I had to do It over ' times I would not alter vote a - tlei nuts who were settling the moun- Let tne give you an example As you know I have been discussing the problem of the electric with bu8iness:j11M and lawyer& and publio-itricialt ing the past month or two Gives Example i am convinced that the great majority of local or regional °per ating Utility coMpanies can come to an understanding with the government and with the people of the territories which they servi That would enable them to 'obtain within their own localities or regions air of the new capital necessary for the extension or improvement of their services But most of these operating 'companies are owned by holding companies — pyramided holding companies — which are finance companies not operating utility companies Very few ihvestors in the operating companies have lost money But thousands of investors have lost money in buying other parts of the nation He found a point of view in other parts of the country 'wholly fronr-that-of the principal financcal—centers - such as New York Philadelphia and Chicago And he found this other interesting—development: Wherever- - an enterprise - IS contriSlied locally its managers- have a local independent point of view But when the business is controlled from great financial centers the local manager takes his cue from what his bosses Are saying and reflects the state of mind prevailing hun- dreds of miles away That from an outsider confirms Our traditional democratic antagonism to concentration of control over 'large areas of industry beyond the needs of operating effielency and strengthens our resolve to outlaw the methods by which such control Is achieved r and to reestablishthe Independence of local or regional enter- - -- u 1 I In these days of organized nation wide publicity Abe strategy for i a government attack undermining - is 91938 e eh ILO - ZANIIARY --a- - - - ---- - I -- f - - |