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Editorial
February 21, 1913
The Idaho Republican
Blackfoot, Bingham County, Idaho
What is this article about?
US Senator Elihu Root warns that public suspicion of financial experts like bankers and merchants, stemming from group misunderstandings, impedes solving national financial issues and threatens self-government capacity.
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OCR Quality
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Full Text
Expert Financiers Under Suspicion So Weaker Ones Take Place In People's Confidence
By ELIHU ROOT, United States Senator From New York
Are we advancing in our capacity for self government? Are we maintaining our capacity for self government?
All the rest is unimportant compared with that. If we have the spirit of true self governing people whichever way we may decide these questions of the moment we come through right.
Our life has become so complicated, the activities of our country so numerous and so vast that it is VERY DIFFICULT FOR US TO UNDERSTAND EACH OTHER. The wheat farmers understand each other, the importers understand each other, the bankers understand each other, but there are vast masses of the people of our country who TOTALLY MISUNDERSTAND OTHER GREAT MASSES OF OUR PEOPLE.
THERE ARE HUNDREDS OF THOUSANDS OF PEOPLE WHO THINK THAT THE MANUFACTURERS OF THE COUNTRY ARE A SET OF CONFIDENCE MEN. WHY, WE HAVE BEFORE US NOW GREAT AND SERIOUS QUESTIONS REGARDING THE FINANCIAL PROBLEMS OF THE COUNTRY, AND THIS IS WHAT STANDS IN THE WAY OF THEIRSOLUTION.
IT IS THAT THE MEN THAT UNDERSTAND THE FINANCES OF THE COUNTRY-THE BANKERS AND THE MERCHANTS-ARE UNDER SUSPICION.
Great bodies of people will not accept what they say regarding the subject of finance, a subject complicated by all the currents and movements of finance throughout the world. THEY WILL NOT ACCEPT WHAT THE EXPERTS SAY-what the men who understand the subject say-because they do not believe their motives are honest. So that the only man that can be heard is the MAN WHO DOES NOT UNDERSTAND THE SUBJECT.
By ELIHU ROOT, United States Senator From New York
Are we advancing in our capacity for self government? Are we maintaining our capacity for self government?
All the rest is unimportant compared with that. If we have the spirit of true self governing people whichever way we may decide these questions of the moment we come through right.
Our life has become so complicated, the activities of our country so numerous and so vast that it is VERY DIFFICULT FOR US TO UNDERSTAND EACH OTHER. The wheat farmers understand each other, the importers understand each other, the bankers understand each other, but there are vast masses of the people of our country who TOTALLY MISUNDERSTAND OTHER GREAT MASSES OF OUR PEOPLE.
THERE ARE HUNDREDS OF THOUSANDS OF PEOPLE WHO THINK THAT THE MANUFACTURERS OF THE COUNTRY ARE A SET OF CONFIDENCE MEN. WHY, WE HAVE BEFORE US NOW GREAT AND SERIOUS QUESTIONS REGARDING THE FINANCIAL PROBLEMS OF THE COUNTRY, AND THIS IS WHAT STANDS IN THE WAY OF THEIRSOLUTION.
IT IS THAT THE MEN THAT UNDERSTAND THE FINANCES OF THE COUNTRY-THE BANKERS AND THE MERCHANTS-ARE UNDER SUSPICION.
Great bodies of people will not accept what they say regarding the subject of finance, a subject complicated by all the currents and movements of finance throughout the world. THEY WILL NOT ACCEPT WHAT THE EXPERTS SAY-what the men who understand the subject say-because they do not believe their motives are honest. So that the only man that can be heard is the MAN WHO DOES NOT UNDERSTAND THE SUBJECT.
What sub-type of article is it?
Economic Policy
Constitutional
What keywords are associated?
Self Government
Financial Suspicion
Public Misunderstanding
Bankers
Experts
Finance Problems
What entities or persons were involved?
Elihu Root
Bankers
Merchants
Wheat Farmers
Importers
Manufacturers
Editorial Details
Primary Topic
Suspicion Of Financial Experts Undermining Self Government
Stance / Tone
Concerned Warning About Public Mistrust
Key Figures
Elihu Root
Bankers
Merchants
Wheat Farmers
Importers
Manufacturers
Key Arguments
Capacity For Self Government Is Paramount
Life And Activities Are Complicated, Leading To Misunderstandings Between Groups
Many View Manufacturers As Confidence Men
Suspicion Of Bankers And Merchants Hinders Financial Problem Solutions
Public Distrusts Experts' Motives On Finance
Only Non Experts Are Trusted