The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-09-18
Confidence IS Fell
In New President
From "IIollands" New York letter in the
Philadelphia pIc-s.

From "IIollands" New York letter in the
Philadelphia Press.
TT WAS made apparent Monday morning that
/ all Apprehension OF financial crisis or disturb
Il au,c had passed away, for the markets dis
played remarkable strength. This hcalthful
tone was, it is true, due in part to the srltih'
cation that the difficulties maintained all SUM
mcr between tho United states steel corporation
and its employees have been brought to an end.
But another reason why the markets here reveal
such strength is to be discovered in the confidence
the financial and industrial community has in
President Roosevelt This feeling would have
prevailed even had not the president upon taking
the oath OF office declared with all the iormdlity
and socmnity cntlcd 10y this momcntouS occa.
sion. that it would he his purpose to cary out
the policies and methods Of his prcdct ceSor. IL
was, of COURSE known in general way that
Roosevelt was in thorough sympathy and tho
holrIicst accord with the c"n'picuouS features
Of McKincy's first administration.
II is true that there was recollection Of a
hrici announcement made by Roosevelt soon attcr
the Hay-Plmcctotc treaty was formulated, in
which lac took issue with some VI the provisions
Of that treaty. But the impression in this city
has always been that President Mckinley himself
was not 50 irryyocably committed 10 all Of tie
features Of the lIdyraunccfoc treaty as TO justify
SAYING that it represented in every respect lua
own unchangcabIc convictions to what the
nature OF that convention should he. 1t would,
therefore, he inaccurate to assert that even with
respect To treaty with Great Britain covering
the Isthmiun canal questions, President Roosevelt
was at variance with the firm convictions Of his
predecessor.
Some ni,ponocption has prevailed as 70 certain
uufriondly sentiment created in this city against
Roosevelt when he was governor by some Of the
financial institutions aud by some Of those who
have been conspicuous as the creators Of great
industrial combinations. II is true that one cap
italist aud nnancicr idcntihgd with one Of the
largest Of the corporations in New York was
very anxious that another than Roosevelt should
he nominated for governor last year. 1t is also
true that some of the leaders ot the Republican
organization preferred that Governor Roosevelt
should serve a. vice president rather than as
governor for a second tenn. The views of these
Republicans Happened to be in full sympathy
| with the wishes Of a very prominent Democratic
| capitalist, although there was precedent for this
| sympathy. The capitalist had upon other OcCa.
| sionS found that some Of the Republican leaders,
one in particular, we're quite conservative to his
| wishes.
| But aside from this single instance Of Corpor'
| ate hostility to Roosevelt there was absolutely
none Some Of the corporations were Of the
| opinion that Governor Rooscvclts taxation
schemes however correct they may have been
| in principle, were not carefully thoroughly
| thought ont. Whether this vicw he correct or
not We shall soon discover, since the law is TO
| he passed upon by the Court Of Appeals one of
| the counsel opposing it. upon constitutional
| grounds, being David n. Hill. But where there
were differences Of opinion as to the policy or
| adequacy of some Of the measures advocated by
Governor Roosevelt, these dhcrcncs occasioncd
not the slightest lack oI confidence in his consci'
| CntiuusncSs, his ability or his complete and YIN.
selfish devotion rs well 10 his duties "a governor,
| Therefore, Roosevelt becomes president with tho
absolute confidence OF the commercial, industrial
| and financial community, and it was that feeling
that was in part reflected in the strength Of the
various markets Monday morning.
| Roosevelt is the first typical, truly Chaactcris
| tie citizen Of New York city to become prc,i
dent OF the United States The only other cit
zDn of this city who has served as president was
citizen by adoption, and never had experience
in any other Of the various clements which com
huc TO make this great cosmopolitan metropolis
than that lie met with as politician and a
lawyer who had gone from his practice 10 tn,
post Of Collector Of Customs, General Arthur
Samuel J. 1ildcn, ono Of the three citizens c
New York city nominated for the presidency
Aaron Burr and Horace Greeley being the others
| was IN tOuCh solely Win thc professional am
| commercial lie oi New Nor, and with its poll
tics. Mr.. Cleveland, II is true, was quasi citi
zen Of New York city At the time n his thir,
| nomination, and was the only candidate for th
| presidency who was a voter in New York city
| who was elected. But he had really maintaiucC
| no more than a temporary and convenient resi-
dcnce here for three years when he was nomin
atcd for the third time and was practically
stranger far as Identification with aud under
standing Of the various elements that make tru
life in this city, are concerned.
|
In one Of the dispatches from Paris II is sal
that the various pictorial representations q
Roosevelt set him forth typical hunter o
cowboy a sort Of modern Fra Diayolo. so IA
a. dress and freedom Of life are concerned, an
that he is regarded both in Paris and upon IN
continent Of Europe the true type of tia
rough, vigorous, frontier life which Europe as
sociatcs with riding the bronco and shootin
buhllocs and Indians. But the truth is tina
measured by the standards which establishe
what many call the true American arstocracy
that Of environment and family, Roosevelt is IN
only man ever called 10 the presidency VIII
would be found 10 ucet these arbitrary or idos
characteristics, His lineage goes back unbroke
10 the early Dutch PATRONS, the settlers, and NJ
| Ill l6dO, the dominant authority in New Nor
| city. Roosevelt himself was born in the yeT
| heart Of what, at that time, was the part Of Ne
! York inhabited not by the new rich or the Yer