New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-04-26
ROOsEvELT's RIFLEMEN
THE ASSISTANT SECRETARY WILL, IN
LIEUTENANT-COLON OF COWBOYS
HE AND DR. WOOD. THE wELI.-KNOwN Ap,r
SURGEON WILL RAISE A REGTMENr-pRI
FERRING AN ACTIVE POSITION TO A
HIGHER ONE WITH LESS WORK
ADMIRAL WALKER LIKELY
TO SUCCEED HIM.

ADMIRAL WALKER LIKELY
TO SUCCEED HIM
rBY TELEGRAPH To THE rRrBuNE1
Washington. April % (SpeciaD.-President W.
Kinley has named Assistant Secretary Roos..
welt as lieutenant-colonel Of one OF the rer,.
ments Of mounted rhemen to be raised In N.
Rocky Mountain States. under Captain LeonarA
c. Wood Or. Wood is the Army surgeon sta.
toned in Washington. In care Of the health NJ
officers and their families. and is also attending
physician TO the President
It was Mr.. Roosevet's own selection that M
should he made second in command under DR.
Wood. on account Of the latter's thorough
knowledge ~ military affairs. The doctor Is al.
ready famous as a soldier. having won medal
Of honor for his distinguished gallantry while
commanding a detachment Of troops In the hard
Apache campaign against Geronimo.
Secretary Alger selected Colonel Wood ana
Mr. Roosevelt for the places because he felt that
their training and experience In the past De.
cuiarIy fitted them to do good service with
such organizations Colonel Wood starts West
tomorrow TO superintend recruiting. many Of.
fers having come In TO Mr.. Roosevelt from ind.
viduals as we'll as organized cowboys. for SER
vice in such a regiment.
Secretary Long wishes Mr.. Roosevelt to stay
In his present position ms long az possible. and
in consequence It may be two or three weeks
before he will join his command. The President
and the Secretary have both regretted TO see
Mr. Roosevelt leave the Navy Department, but
thev feel that in regiment OF this character
no can acouit himself crcdbly In the field, and
should he let 60. though. II possible, they do
not wish him 10 retire until the regiment 10
organized. or ready to take part in the invasion
Of Cuba Before that. however he may have
10 leave for short periods 10 superntend mo
enlistments
Mr. Roosevelt is delighted al the prospect Of
securing a genuine fighting place in the Army.
instead Of a star position. and although he IL
reluctant to give up the Assistant Secretaryship
Of the Navy, which has been most congenial 10
him. he says he feels that he can't both fish
and cut bait" and he has got TO take his
chances in getting into Cuba before the war
is over.
He given his choice between second In .
regmental command and staff office Of much
higher rank. and he took the more active
subordinate position. His chief work in the
Navy was practically completed in providing
for the large auxiliary fleet. and it is his idea
that from now on naval affairs may be safely
left to the control Of naval officers rather than
peace. but no, Of SO much account in time Of
war.
The COW boy regiment to which he will he at.
tached is one OF the three provided in the Army
reorganization bill. and has nothing to do with
State volunteers.
1t is not announced who will succeed Mr..
Roosevelt In the Navy Department. bu, IL il
generally believed that Admiral Walker will
take the post in connection with his duties a.
president Of the Strategy Board
MARKETS CALMNEss IN FACE OF WAR
LESSONS DRAWN ny HENRY CI.Ews IN HIS WEEK
LY MARKET LETTER.
Henry Clews In his weekly market letter issued
last Saturday says that the temper in which Wall
Street has received the Intervention decree Of Com
gress and the Presidents ultimatum n Spain "A
proof that the Stock Exchange has discounted the
worst probabilities IN the Cuban situation and ai-
justed the values Of investments IN advance 10 tho
outcome which has occurred The cafnness
OF tho market in the very presence OF war ne goes
on to say. Is n phenomenon almost without prsc-
edent in the history OF the worlds money mar
k"ts Although the United States IS probably the
largest debtor nation In the world the threatening
outlook Of affairs has not alarmed other countries
American corporate securities and the fact that
foreign crctitors are holding their American in.
confidence not only In the future value Of those IN
vestmen,s. but also in the United States being able
10 sustain the burden Of hostties without serious
consequences and 10 bring the struggle 70 an early
ana successful issue II he war should cost this
country as much as Sc'"H.T. Mr.. clews thinks.
there would be- COMPENSATION not only In Indemnity
rom spain but also IN The restoration Of the valu
OF Cuba and. too the defeat Of Spain would ~
or great and lasting benefit In demonstrating 20
the nations ~ the world the military and naval
prowess OF the United states. Mr.. Clews
reason why thor" should he any interruption Of
Industrial activity In the United States because OF
the war. but he fears that such interruption may
occur II business men take narrow and pessirnist,o
views OF the situation.