The Providence news. (Providence [R.I.]) 1891-1906, 1902-08-26
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Effect Of President RoOsGve|t's
Speech in This City.
TRUSTS ARE UP IN ARMS
Remark, Regarded as Flat Announcement
That He viii Not Be CoaTcsd By
These Big interests
TRUSTS ARE UP IN ARMS

Washington. d. c.. Aug. 26.-President
Roosevelt's speech on trusts, In Provi-
dence. II. l.. Saturday. attracted atten-
ton here chiefly because II had been rep
resented that he would for the present
hold his views In check at the request or
the leaders OF his party who are seeking
to convince him. Of the futility of trying
to curb the trusts His speech shows that
he Is going ahead OF his party In TINS
matter as far as 1t will permit him to lead
IT, but more important than that Is the
situation In which IL leaves the Repub-
Iican congressional committee in the I'M
pending campaign.
Representative Babcock. chairman OF
this commtte. is reported TO be at his
wits end. The treasury OF the committee
| is empty. There is no prospect OF II be-
| ing filed. Great financial, transportation
and other corporate interests that have
| heretofore supplied the money needed In
| Republican campaigns have closed the
lids of their cash boxes with snap In
| the faces OF the collectors of Republican
| funds.
PLANNING A SCARE
4 +.
| for the benefit OF Wall street. Hes say
| ing that the situation throughout the
| country looks bad for Republicans and
| that hard work will be necessary TO save
| IT, house. Very soon he Will issue more
| statements in which the situation Will be
| represented as growing worse. III this
| does not have the effect OF bringing In
the money he will probably. as last re-
| sort, practically concede the election OF
a Democratic house, unless the general
| athy" prevalent In Wall street should
| disappear. II is doubted here very much
| whether Mr.. Pabcock will be able TO get
| the campaign funds he desires and the
| statement Is made regardless OF any tao
tics which he may employ.
| The chairman of the Republican con-
| gressional committee Is not regarded with
favor in Wall street. The hard headed
| men in New York who are managing the
| great corporations cannot understand Mr..
| Babcock They fail to see how the chair
| man of the Republican committee can be
| a tariff reformer In congress. high pro-
tectionist on the stump and at the same
time inspire confidence.
In the second place. II is understood
| that Wall street-and by that Is meant
| the great industrial and money interests
of the country everywhere--does not care
| whether a Republican or Democratic
house be elected this fall These inter
ests. II not actually opposed TO President
| Roosevelt, are rar from Satisueu WIFI his
| course In stirring up the trust question
They would like him to lose the house
this fall as a sort OF object lesson, sc
| that the Republican defeat could be attri-
buted to his policy Of striking at the
Northern Securities company the beei
combination and other trusts. and fol
agttating the question OF the control o.
| these combinations by further Legislation
| In congress.
RUNNING NO RISK.
Big financiers II Is reported, have care
! | fully figured out that the election or
J | Democratic house this fall would have m
! effect In aiding the overturn OF the gov
/, ernment I'm 1904. and that they are run
. ming no risk. The senate Is Safely Repub
, lican There Is a Republican president
; The house elected In November. 1902 WI
e go into Office In December, 1903. and re
: main In Office two years. They think
e Democratic house would probably wor
: moro harm than good to Democratic pros
: pects and by radicalism and eccentriclt
on the eve OF a national campaign dis
z gust the conservatives Of the country.
President Roosevelts speech Is segaree ares
n dent TO these interests that be VIII NOT
| coeroed and that II they are going n9,,l
can party temporarily he is willing to z
n before the country on that issue an
: show them what can be done Wioho, ho
II II money. InlS QpShtiou 40
| acteristic OF the president but IL is caus
ing constipation among the Repuoiictaa "a
!, | representatives. who are weddeo 10 q,
u idea that a political campaign cannot |
$ made I'm this country without the es
| pend.ture OF 5000 600 or S3.cooVW.
Il Another effort Is about TO be made 10 II
!. | duce' Senator Hanna, chairman or the ~
nubiican national committee. 10 tau
o charge OF the financial end OF the can
o paign and raise q big fund. senatt
n | Hanna has already twice declined. Il
O ! hns disapproved of many things that hay
= | been done. AS chairman OF the nauonl
: | committee he was very much onende
y with Mr.. Babcock when the latter intr'
v duced his bill placing steel on the tr'
| list He was not only ofrsnded, put M
/ inflated when Messrs. Babcock, Hende
a | son. Payne. and, in fact, all or the nous
y ieaders declared that hts bin creating
u snhsidy for American shipping was an vi
n safe rneasure and refused 10 pass " {
r fhe eve OF congressional elections J
q | hsiieyed that the shipping bill was n got
, thing for the Republican party TO I
:, | before the voters on, and thought u
= oninion worthy Of rvspcct, as the par
n under his leadership had won nation
:. elecntous In 1896 and 1900
Senator Hanna was asked last Marcn
,ate charge OF the congressional car
paien this year and refused He said
was time for some OF the younger men
,aLe hold Since then further enor
have been made to get Senator Hanna
| 20 10 the front and raise money tor vi
Babcock's committee.
L