The New York Stock Exchange and Public Opinion: Remarks at Annual Dinner, Association of Stock Exchange Brokers, Held at the Astor Hotel, New York, January 24, 1917Kahn, Otto H.
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The New York Stock Exchange and Public Opinion: Remarks at Annual Dinner, Association of Stock Exchange Brokers, Held at the Astor Hotel, New York, January 24, 1917
Kahn, Otto H.
New York Stock Exchange
Many in and out of Congress are still under the controlling impress of
the stormy years when certain deplorable occurrences affecting
corporations and business men were brought to light, when it was
demonstrated that certain abuses which had accumulated during well nigh
two generations needed to be done away with for good and all, and when
the people went through the ancient edifice of business with the vacuum
cleaner of reform and regulation, using it very thoroughly, perhaps, in
spots, a little too thoroughly.
Not a few politicians are still sounding the old battle cry, although
the battle of the people for the regulation and supervision of
corporations was fought to a finish years ago _and won by the people_,
and although the people themselves of late, on the few occasions when
a direct proposition has been put up to them, such as recently in
Missouri, have indicated that they consider the punitive and
probationary period at an end and want business to be given a fair
chance and a square deal.
When the right of suffrage was thrown open to the masses of the people
in England, a great Englishman said, "Now we must educate our masters."
In this country it is not so much a question of educating our masters,
the people and the people's representatives [who, moreover, would
resent and refuse to tolerate for a moment any such patronizing
assumption], as of getting them to know us and getting ourselves to
know them.
[Sidenote: _The need for closer contact and better understanding_]
All parties concerned will benefit from coming into closer contact with
each other and becoming acquainted with each other's viewpoints.
Can we honestly say that we are doing our full share to bring about
such contact and to get ourselves and what we believe in properly
understood, believe in not only because it happens to be our job in
life and our self-interest, but because in the general scheme of things
it serves a legitimate and useful and necessary function for our
country?
How many of us have taken the trouble to seek the personal acquaintance
of the Congressmen or Assemblymen or State Senators representing our
respective districts?
How many of us make an effort to come into personal relationship with
people, both here and in the West, outside of our accustomed circles?
Yet an ounce of personal relationship and personal talk is worth many
pounds of speech making and publicity propaganda.
[Sidenote: _"To be one of fifteen men around a table"_]
When you look a man in the face and talk to him and question him and
realize in the end that he is sincere in his viewpoint, whether you
share it or not, and that he is made of the same human stuff as you,
and has neither horns nor claws nor hoofs, much animosity, many
preconceived notions are apt to vanish and you are not so cocksure any
longer that the other fellow is a destructive devil of radicalism or a
bloated devil of capitalism, as the case may be.
Public-domain text, read in full here on John Shaqi.
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