The Montgomery advertiser., 1902-11-12
News ano Gossip ef Washington
BY LucIEN JULIEN WALKER.

Washington. Nov, 1l.-(Special Jun derneath the mountain of smoke that IS arising from the debatable land or Nor ganism against Roosevelt there IS cer- tainly some fire.
 An Alabamian of distinction just come out of the metropolitan fortresses of the money power declares that the big guns are backed and primed against the elec- ton of Mir. Roosevelt in 1904. This man undoubtedly had opportunity to ascertain something regarding the situation, and what he says is in consonance with much we in Washington learn from. more gen eral sources, the which is that MT. Pler- pont Morgan Is not pleased with the President and will therefore labor to pre- vent the Presidents success at the polls two years hence.
 While this may seem to be simply the veriication of a tale told, even before the Presidents New England tour, 1t Is at this juncture of the highest Import ance, having regard to the recent cleo tions and the. present panicky conditions in Wall Street There is no doubt any where that Morganism has been holding up the stock market for political pur- poses. Those purposes having been sub- served in the election of Republican House, and the insiders of Morganism having turned bears. the very bottom has begun to drop ,out of the market. Louis Vile and Nashville Is down twenty points and other leaders somewhat in proportion, and yet the downward movement has just begun. That Is the appearance of things, at any rate.
 Assuredly Morganism does not take kindly to the President. Morganism is trustism run riot. and Mr. Roosevelt has made war on trustism a hobby which he Is riding full tilt to-a fall? We shall sec. He would be a rash gambler who should bet that any man could be elected President against the united money power. MT. Roosevelt may be riding to please the gallery-a kind of bronchoNtrick performance-but whether it be that or honest earnestness against great evil. his attitude Is much the same in the esti- nation of Morganism. It believes he is In earnest and proba ply the great mass of the people hold a similar view. Indeed, one of the Presidents organs declares he intends to base his chances for election almost entirely upon his warfare against the trusts, alleging further that he will in effort for tariff revision. This Is scarcely possible, one would think, but the sug- gestion shows very interesting ten- dency regarding the trusts.
 The President has repeatedly declared that Congress Is without sufficient powers to deal adequately with the vast combi- nations of capital which according to his view gravely endanger the republic Therefore he demands increased Congress sional and governmental powers under the constitution. by way of constitutional amendment course. Nobody needs to be reminded of the extreme difficuities in the way of even the most universally desired amendments to the constitutions; and there are millions of good citizens who are and will likely remain radically opposed to the Presidents proposition to give Congress greater powers to deal with private property. Amendment along the lines the President has suggested would seem almost impossible.