The Surgeon's Knife Needed.
Under the head of corporate management, Mr. Fish says:
I need not repeat that the country is prosperous, and likely to continue so. While fully appreciating these facts, we cannot shut our eyes to the trouble that has been going on in the center of our financial system.
Having looked into the matter myself somewhat carefully of late, I beg to say to you in all seriousness that not only in the insurance companies, but in many other corporations, there is need of the advice and probably the knife of the trained surgeon. Without pretending to any superior knowledge on the subject, I think that the root of the evil lies in too few men having undertaken to manage too many corporations; that in so doing they have perverted the powers granted under corporate charters, and in their hurry to do a vast business have in many cases done it all.
We who—as breadwinners, as taxpayers, and as stockholders—provide the wherewithal suffer because we have set others to rule over us without holding them to that strict accountability for the discharge of their trust which the common law and common sense alike demand. Indeed, things have come to such a pass that in certain quarters it is now considered indecorous and ill-bred for us, the many, even to discuss, much less to correct, the shortcomings of the elect few. Such was neither the theory nor the practise on which our forefathers ordered the economy of this republic.