Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1903-12-16
WALL STREET
TURNED DOWN
The President Refuses to Aecede to
the Request of the Financial
Magnates.
THE CAUSE OF OPPOSITION
Roosevelt's Independence Not Liked
by Bears and Bulls-Hanna De-
cIines to Join Them.

Washington, Dec. 10.-Presdent
Roosevelt has refused to make terms
of peace with the trust and railway
corporation leaders of New York.
They approached the president with
an offer to withdraw their opposition
to him II he would give them certain
assurances as to his future course.
The president declined point blank.
Angered by this rejection Of their
proffers of peace and their failure oil
their plan to tie the hands OF the
president for the future. the big finan'
ciers started a last desperate move
ment designed to bring senator Han
ma forward as a candidate for the Re
publican nomination for president.
This. too, has failed. Mr.. Hanna is
not willing to become a candidate
with the backing of Wall street and
the support of the lily whites of the
south.
These important disclosures, which
are made on the highest authority,
explain much that has been going on
above and beneath the surface dur
ing the last month. They explain
senator Hanna's visit 10 New York
city last week and the week before
and the conference held there be-
tween himself and a number of the
biggest corporation men OF wall
street, these conferences being sought
not by the senator but by the ilnan
ciers.
They explain the appearance of
hundreds of letters in the far west
inquiring If there had not been a turn
of public sentiment against President
Roosevelt.
Wall Street Opposition.
Virtually all of the opposition to
President Roosevelt's nomination can
now be traced directly to Wall street.
II does not originate in public senti-
ment nor in Washington among the
representatives of the people. nor
with Senator Hanna. The Ohio SEN
ator refuses to be used as the tool of
Wall street in its scheme 10 defeat
the president and to disrupt the Re
publican party.
Three or four weeks ago President
Roosevelt was approached by a rep
~resentatiye of the great interests.
such as the Rockefeller-Gould combi-
nation, ]. Pierpont Morgan and f. II.
Hartman. This representative want
ed to ascertain If an amicable under.
standing could not be arrived at. He
said the men for whom he spoke were
anxious as to the future of commerce
and finance in the United States.
They had no fear of anything the
president might do in the coming
year, saying frankly that they thought
the president would feel constrained
to adhere TO a conservative policy
until after the presidential election.
What they were particularly anxious
about, he explained, was the course
of the president after he had acquir'
ed his second term and the restrain
ing influences OF the need of going be
fore the bar of public opinion at the
polls had beer removed. Was II not
possible for the president To give the
New York men some assurances a.
to his policies during his second ad
ministration? Could he not give 9
pledge that nothing should be done
which should destroy business conf,
dence-a promise to abstain from ac
ton at home or abroad which might
have a disastrous effect upon the com
mercial world?
Ro~osevelt's Reply.
President Roosevelt's reply 10 this
significant proposal was characteristic
OF the man. II would not be proper
TO give the actual words of the reply
in quotation marks. but The substance
thereof can he stated with great ac
curlcy. The president T'pliUi that
he dill not know cVart'y what Gps
meant by the question 81 it Wu'a.
tha, h. was ~ ai}. "A nrnuls. t' tll
effect that he should NOT t0rwgr2 fg.
Interest," OF tlr l'ail"0 .rHU. JOB
fUrpi.N relations 'E ur,ne .Du pr.-,
he O"r'"iuly could n.. T. 1922
plo1u. n. tH1I yn a Hni an
ec..l 10 you'll nN. r.
D. a'r g"n, .1l rnN.
gu or ls' "a ~. U.. ....
bi cars as h. as. u.
Il the ques''or nnrn. |
prosecute 90. 'H.
bjgri'aI d. Du- |'..
do uo'l.Dg iB rh. H I
tajUl. UHtl1 NO.,
pOsai M, wd" su. .'
cl1D PM |is hau. ....u. U 81
or CON btuaii9n HI.rh BIOL.
o 'rI-t. bu ju-.
cI a.. Northern s.r .# .H
he mirli find a. T,n. r -
Culc other COUpontae bon Co.,. 'l. H|
decision Of tho couH f.
favorable 30 tho gov "'...I 'u'
hp used federal llnlp. i. .Hr. ..
Dor lawlpssEesa LI AsIa1uT .D no
would use trCg on"" .-.H
might dcmanu.
Declines to Give 7lc5sa7.
"Ana finally" r0i@ m" unH.u
"as 10 pledges nur t1 nD-u. Ira 'uJs..
ness prosperity or TO cuuU'rr pHl.
such pledges ar necessary GAL. ~ Dlu
dition TO my reelection : N.Y. ut aD
to be reelected I'D 81, { 7p,l.u. fI
give any pledges
Moreover. the president i'G 'hr
foregoing conversation I'D mind ANA
wished TO serve notice upon WI "Hu
are interested whcl h. wrote .s pi.
lows in his annual mCesHr'
There shall be no backW.NI s.np.
If in the workings 81 tEu laH' *
proves desirable that they shnil 't
any point be expanded or nmpuiII"l.
the aUcndment can be made rs ls
desiralility is shown. Meanwhile lIDy
arc being administered with Judgment
but with insistence upon obedience 20
them, and this need has been exempli-