The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-03-01

reaches Washington at least one more new I
judge viii be appointed TO leesen the lump
and add to the uncertainty OF the out
come.
Mr. John ID. Rockefeller is seldom seen at
his office, 20 broadway. these days. The
executive MANAGEMENT of the Standard Oil
has been left largely TO John D. Archbold,
first vice president. and associated with Mr..
Rockefeller almost from the beginning.
Mr.. Archbold's closest associate is Mr.. II.
III. Rogers, who was also in at the begin
ming of Standard Oil. John ID. Rockefeller.
jr., is being worked into an understanding
of the business. and is scheduled TO sue
coed the present controlling personalities.
1t is stated on very good authority that
the health of Mr.. Rockefeller, sr., is i'm
proving materially and that he is in bet
ter condition physically than he was year
ago, having gained twelve pounds in that
time. 1t is not stated in his behalf. how
ever, that he is re-endowed with the agil-
ity OF youth. He Is not practicing hurdle
jumping or taking a mile run before break
fast. he still sticks TO skim milk and hard
bread as steady diet. and manages to
worry along on that. The experience that
he has undergone during the last year or
two in the restoring of his own health has
turned Mr.. Rockefeller's attention strong
ly and personally to the application of
prolongation of life, and he is planning TO
devote many millions OF dollars TO the ad-
Mr.. Rockefeller takes to partial leisure
more kindly than does Andrew Carnegie.
The latter is said to find difficulty putting
in his time to advantage. For more than
fifty years before his retirement from ac-
tive business he had led life of incessant
toll, never giving himself rest and liter
ally working while he slept" The result
was that when he quit work he found the
field Of his enjoyment restricted. He had
never taken the time to cultivate fads or
become interested in things upon which he
could fall back in his autumn leisure. His
ways and means of distributing the sur
plus of his enormous fortune. He is really
anxious to dispose of the larger part of his
accumuations before he dies. Next to his
wish to be a great philanthropist is the
fear that he will be regarded as foolish.
His mind Is therefore continually torn with
emotions over thai disturbing problem.
Such being the case he finds it impossible
to give away more than his annual income
He has thus far made practically no inn
press upon the principal of his colossal for
street people who keep in touch with the
great ironmaster say privately that his
condition is really worse than reported in
the press and that he Is In imminent dam
ger of collapse. If he is anywhere as near
~ badly off represented he is in dam
ger Of committing what he has charac-
II.
XXX
Conservative bankers are by no means a
unit on the wisdom of the measures of
financial relief proposed in the Aldrich BILL
The provision which particularly interests
Wall street and the speculative community
is that which gives the secretary of the
treasury the power to use unlimited gov
eminent cash to tide over periods of none
|
conservative banking quarters is that the
| leeway given the secretary of the treasury
| might lead to imprudence on his part and
| to ultimate staggering losses of public
| money. Inexperienced men are sometimes
| charged with the control Of this important
| department, which is greater in its opera
| tions and responsibilities than any banking
| institution in the world. 1t is not beyond
| the range of possibility that banker from
| Podunk mouthy politician from the
! wilds of Tennessee might be elevated to the
| treasury portfolio. and the bare chance of
/ such happening fills the moSSbackS with
/ CONSERVATION. However, the Aldrich bill
| is commonly regarded as good thing and
/ as an insurance against the locking up OF
| great sums of money where the business
| interests cannot get them. Wisely admin
| istered, the law, so far as 1T relates to the
| loosening up of the federal surplus in times
| of stress, cannot well be source Of danger
|
For the moment the disposition of the
stock market is to hold off until Congress
| finally takes it's departure. Only a few
days Of the session remain, and If matters
1 go well at Washington during this brief
| period the business and speculative inter-
| ests can draw a long breath of relief. 1t Is
| quite the habit to put off from time to time
| the date for the beginning of the next bull
movement. but there now seems to be a
| willingness to begin, SO If Congress does
| anywhere near what is expected of it and
| gets away on the 4th of March, stocks
should do better very soon thereafter
w. g. n.