The Opelousas courier. [volume] (Opelousas, La.) 1852-1910, 1902-07-19
: WASHINGTON, D. G., News.
From our Regular Correspondent. y-
WASHINGTON, July IA, 1902,

WASHINGTON, July IA, 1902.
ssSeener OF later q financial re-
vulsion hound to come. When
the revuIsion comes, the democrats
will be reilstatetI. This predic-
ton was made to- n correspoh
dent bysenat6fr est III IN inter
view forwarded teyou on,July 7th,
and the results OF that interview
have beea far,reaching., The truth
of the prophecy made q deep i'm
preston on the republican leaders,
and has given rise to the widely
advertised intention Of the Presl-
dent and his advisors to introduce
an antitrust law during the short
session of Congress. While every
.etfoIt has been madesf8 make pollt4.
icalE lEcapital out Of that Intention, it.
is rapidlyScoming oHt.-that the ex=4
tent of Mr. Rdoseveless parpose in
selecting Representative hlttleiield'
to draft a SO called Hanti- trnstn law
consists merely insa prospective
effort to secure lsublieitg as a,pre-
ventiye Of the present tendency to
water trust stock. 1t isaheld by
CAPITALISTS that this ever r-capitaliza-s
ton of stock is frahght with, dan
ger to the prosperity Of the coun:
Ftry, as any sudden financial scare
might result in immense blocks OF
stock, which are not representative
Of legitimate assets, being thrown
on the. market, with the certainty
of disastrous panic as the result.
Therefore Mr.. Roosevelt, while at
tempting to ,nislead the country
with the hope. OF genuine antitrust
legislation, will 7endeayor to, secure 81
u law which viii meet. with the
support ofatlfe capitalists and many
of the trusts themselves. sauT9a 54
| What can be accomplished by
.mere publicity can be judged by
the. example Of the Steel Trust,
which has voluntarily made it's af-
1 fairs pubic, and which unblush,
fiugly peiTts to aggregate profits of
| s64, ,0eo, ,0GJb during the past six
| months, 50 According to- Represen,
Atative Babcock, chairman of the
| Republican Congressional Cam
paign Committee, the Steel Trust
| is now taking out Of the, pockets o.
the peopfe Of the United States
from s2d00O,000. TO $4,000, 900
more than It entitled to, annually
/ and it. does this by virtue OF thte
monopoly secured to it by the ,tarlf
of Is per, cent on its products; but
! it is announced, Mr.. Roosevelt does
2 mot anticipate 'tinptring the trusts
| by any reduction of the tariff" bu
win simply advocate Legislation
which will insure publicity of thei
affairs. ~ al1 aa5es y fsaa &a.15.=
No betterHopportauitya vas eve
Z afforded the President to demon
strafe his fafrmin}edness and con
sisteney than is presented by th
case of Senator Bailey of Texas ant
Judge Penfeltl, soIicitorgeneral o
the state department. It will b
l remembered that 4 case in whicl
/ the Texas Senator is interested wa
discussed with considerable ascel
bity hy Mr.. Bailey and, Mr.. Bey
s.Eeritlge OF Indiana during the clio:
i lug ho,trs of the session, and re
3 saIted in an unfortunate personf
+ 4encounter betsgeen the two, afte
: tthe Senate had adjourned for th
! day. Subsequently, Judge Pei
field, itl whose defense Senate
Beveridge had engaged, made pul
! tic II stateaa ent5.ef his view of I'll
q controversy. While the Judge We
L doubtless within his rights i'll ma
!, 1 ing public his side the case, Ii
statement was marred by the mo
j intemperate Language. After sa
ling that Senator Bailey had state
: : on the floor of the Senate what ";
= ain substance aud spirit untrue
=. and what he knew Hperfeetly wei
was untrue, he concludes by sayif
= that Senator Bailey is one OF. tho
= men who go hunting trouble, al
this is simply one OF those spasm
d die displays Of asininity in viii
he induIges at regular period
Entirely apart from the merits
at the. case, the language is lnte
perate and insulting to a Unit