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10 NORTH SHORE BREEZE 
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VOL. XII Jan. 30, 1914 No. 5 
PRESIDENT WILSON AND THE Trusts. ‘The long 
expected and deferred statement of the President of his 
proposed policy regulating trusts and allied business cor- 
porations wag keenly looked for last week, Uncertainty, 
whether the future be in jeopardy or not, is always 
embarrassing to business, Even when the worst has 
been made known, it is possible for business to be re- 
adjusted along new lines, but when the governmen- 
tal attitude is unknown there is and always will be 
a paralysis of trade. When the public policy is 
unknown it is impossible even for the well intentioned 
to continue business without a fear that it may be illegal 
or that ventures being made will prove failures because 
of subsequent governmental action which could not be 
forseen. The President’s address has cleared the air 
and only praise of his work can be said, The prohibition 
of interlocking directorates is sane and should be en- 
forced. | Why should a corporation requiring money, 
ease its methods and probability of getting loans, by 
applying for loans to banks upon whose board of directors 
are directors of its own organization. It is wrong for 
the corporation and an injustice to the stockholders of 
both institutions, The directors of every organization 
should know the business. The time has passed when 
the directorate of great industrial or railroad organiza- 
tions may be managed by professional banking men. The 
withdrawal of the great banking house of Morgan and 
Company from the directorates of many companies is an 
indication of the recent change in public spirit. The re- 
sults of such withdrawals will work no hardship to either 
party, but in the end will benefit both, The President 
would also confer new powers upon the Interstate Com- 
merce Commission regulating the financial needs of rail- 
roads. The railroad prosperity and the prosperity of 
America are one. The prosperity of the railroad must be 
safeguarded not only for its own success, but because its 
prosperity is linked with the prosperity of the country. 
The President is clearly in the right in this. The Presi- 
dent, also, suggested the definition of “hurtful restraint 
of trade,” the creation of a business commission to assist 
in helping business to obey the laws, that provisions be 
made for penalties to fall upon individual offenders, that 
holding companies be prohibited and rules of corporation 
voting be restricted and that private individuals should 
have the right of redress founded upon facts established 
by the Government, The message is short; and, using the 
words guardedly, it is epoch-making.. 
Ir 1s EvipenT that the lessons taught the world by 
the terrible catastrophe that befell the Titanic are not 
being neglected. A sea safety agreement has been made 
by the leading nations of the world whereby careful 
paroles will be made of danger zones of travel, The 
oceans will be carefully watched for dangerous floating ice 
and derelicts. This service in the Atlantic is to be 
under the direction of tht United States government. An 
international code for urgent signal has been codified 
and a revision of the international collision laws have 
been provided for. It is certain now that progresss is be- 
ing made. It is, of course, impossible for many to elimin- 
ate all the dangers incident to ocean travel, but man has no 
right to leave undone anything that he knows how to do 
to safeguard life and property upon the high sea. Safety 
first is already a land and ocean travel slogan. 1914 
will be a banner year in maritime circles because of the 
efficient service rendered to it by the sessions of the 
International (Conference on Safety at Sea, 
Tue Unirep States Commissioner of Education 
decries the long vacation of our public schools as primi- 
tive and preposterous, The problem as he sees it is to 
keep the boys and girls free from the contamination 
certain to follow three months liberty. As in every ap- 
parently erratic statement that goes contrary to estab- 
lished custom, there is truth in it, The boy’s and girl’s 
constitutions should, however, have some consideration! 
Can the ordinary lad or lass stand the year-round strain 
of school life. 
PRESIDENT MuRLIN says that a college diploma is a 
sentence to hard labor for life and that the toil, denial 
and suffering entailed by a college training drains the 
life of youth in a way that finds no comparisons in com- 
mercial life . Nevertheless it will be hard to make a hand- 
worker believe that the head-worker has to work, Many 
a brain-worker would gladly exchange his evening’s rest 
and night’s sleep with the hand-worker. 
THE DreatH oF Epwarp GINN brings to a close a 
good life that was spent in honorable toil, The peace 
idea early took possession of this great man’s mind and 
now that he is gone the accumulated wealth of his industry 
is to be used to continue the work which in life claimed 
his individual attention. One cannot conceive of a nobler 
avocation ! 
Tur Campaicn of education for safety first, con- 
tinued by the New Haven railroad is timely and needed. 
The public needs to be educated as well as the railroad 
men. 
Tue Directors of great corporations ought to have 
reasonable investments in the industrial organizations 
they direct. 
Ar Last, the poet lauriat has tried his wings: 
To Burns, brave Scotia’s laureled son, 
Who drove hig plough on Helicon: 
Who with Doric rhyme erewhile 
Taught English bards to mend their style, 
And by the humour of his pen s 
Fairly be foole’d Auld Nickie Ben. 
Blithe Robbie Burns! we love thee well, 
Because thou wert so like thysel’: 
And in full cups with festive cheer, 
We toast thy name from year to year. 
