The Montgomery advertiser., 1902-08-29
CREAM of the SPECIALS
PRESIDENT SHUTS
 CAMPAIGN CHEST
His Speech Closes Corporation Cash Boxes to Republican Fund
 ToIIaotoro

SOllecIOTS.
 Washington Special to New York Herald.
 President Roosevelt's speech on trusts, in Providence. R. l., yesterday, attracted attention here chiefly because it had been represented that he would for the present hold his views in check at the re- quest of the leaders of the. party, who are seeking to convince him the futili- ty Of trying to curb the trusts. His speech shows that he is going ahead of ms party in this matter as far as 1t will permit him to lead 1t. but more impor- tant than that is the situation in which 1t leaves the Republican Congressional Committee in the impending campaign.
 Representative Babcock, chairman of this committee, is reported to be at his wits end. The treasury of the commit tee is empty. There is no prospect of its being filled. ' Great financial, transporta- have heretofore supplied the money need ed in Republican campaigns have closed the lids of their cash boxes with snap in the faces of the collectors of Republi- can funds.
 MT. Babcock is already planning a scare for the benefit of Wall Street. He is saying that the situation throughout the country looks bad for Republicans and that hard work will be necessary to save tne House. Very soon he will issue more statements. in which the situation will be represented as growing worse. If this does not have the effect of bring
 
 last resort, practically concede the cleo ton of a Democratic House. unless the general apathy" prevalent in Wall Street should disappear It is doubted here able to get the campaign fund he de- sires, and this statement Is made regard less of any tactics which he may em- ploy.
 MT. Babcock, is against the President and is against the Republican party. These statements are brought here by nearly every Republican representative who has gone over to New York to ind out what the trouble Is.
 The chairman of the Republican Con gressional Committee is not regarded with favor in New York. The hardheaded great corporations cannot understand MT. Babcock. They fail to- see how the chairman of the Republican Committee can be a tariff reformer in Congress, high protectionist on the stump and at the same time inspire confidence.
 In the second place. it is understood that Wall Street and by that is meant the great industrial and money interests whether a Republican or Democratic House be elected this fall. These inter ests If not actually opposed to President Roosevelt are far from satisfied with his course in stirring up the trust question; They would like him to lose the House this fall, as a sort of obpect lesson, so that the Republican defeat could be at- tributed to his policy of striking at the Northern Securities Company, the beef combination and other trusts and Tor agitating the question of the control of these combinations by further Legislation In Congress.
 Big financiers, 1t is reported have care fully figured out that the election or Democratic House this lall would have no effect in aiding the overturn or the government in 1904, and that they are running no risk. The Senate IS s@aIely @ Republican. There is a Republican Presi- dent. The House elected in November, 1902. will go into office in December, dSOS and remain in office two years, They think a Democratic House would prop ably work more harm than good to Dem- ocratic prospects, and by radicailsm ana eccentricity on the eve of natlonal caIh- paign disgust the conservatiVes or the country. .,
 President Rosevelts speech is regard cd here as fiat anpouncement by the President to these interests that ne VIII not be coerccd, and that if they are gong to withdraw their support from the he- publican party temporarily he IS Wiinng ,fo go before the country on that issue and show them what can be done without acteristic of the President, but It is caus- inx c,j,,sternation among the Repupn- can Representa atives, who are wedded 10 inc idea that a political campaign can. not be made in this country wdonou' Hdo noo 'he exnenditure of $2.0O0,000 or sS.0Oo.Vo
 Another effort Is about to be ma9e to ind,Ice Senator Hanna, chairman ol tno pan1hlican National Committee. to take charge of the financial end Of the cam