Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1903-10-15
STREET"
TAKES
BLAME
ROOSEVELT is NOT HELD RE-
sPoNsIRLE FOR TRUST
TROUBLES.
CAUSES ARE NATURAL


Saw. rh,4 c;a, W.. : ~,
. campaign wa % "
likely and Declares Congress Will
Not Pass Laws to Disturb Business.
Washington. d. C. Oct IA .Jn.
stead of lnrn,ns witn race and ranris.
al ON President Bonsevalp and tha ad.
ministration Wall sIreef imsI nnw is
turning on ,4seu instead al blamin@
the oft1cials of inc oovernn, ent fo,. ,,n.
settino thines Nv ,ef,tarr,,ins tbair
consti1utionaI d,,tv IN no Mortbarn
Sac,ritios haat o,s,,,1ti,atio "a ~,
ar anti.t,nst s,iis ~ ,,a,,;T,nI., t,,-,
of tho .bnhblas We NM, ne ,,Sr,, 90
sel,ine. 49, 80 ny, .r,',i,.o', -,
ao,..,.4s,t4, -, o.i 80 % ut..
10 o,r own mir a r. a11 d,f So" nat
poosa,,oIt - Sa,;,a - ~ -,
-, ~ ~, 49,, $50, ~, 80 go
So W =, ~ W
100 -. s ,,l 80 ~ NJ us anu
,,,its ~, NJ ,,s, ~ VIC on'eaoeiiee'
TN M; . au,t s,ua
IL, w., 10
on .a ~. " ~ aai ~,
financial SITUATION and Who is NOT sur.
prised at the daily revelations follow
ing on the heels of the disaster of the
shipyard trust.
No Opposition to Roosevelt Likely.
This oftio;,I f,,rthar +a,,as No
Ground that With su1aIl s+raat - ,ast
bIamino itself fo,t, sit,o+;o,,
and with General b,sinass al1e ~ 1yitb.
stand tho nresenf sbooi. ~ tba sitNa
|
ordered onnosition r. Poosaualt IN
high financial quarters He saws II
is tho Man to have cor,orees do roth
| ing during the coming session to az
| feet any of the business interests of
1.-THE country TO mass i,lst IA little nss;n.
eral legislation as possible. and adj
] journ in April if possible and certain
| ly in May.
| All tariff tinkering by republicans is
| to be kept in the background. There
will be no attempt at financial legisla-
ton, no amendments to trust laws, no
| river and harbor bill, and Cannon will
see to it himself that all appropriations
are kept down. This plan, however.
does not contemplate any curtailment
OF the policy OF building up the navy.
Close Watch on Shiovard Trust,
Aside from Tho ore.t +rnsts wbi.b
! the oova,nment 10 now ooneernad in
nrosecutino its offc;sIs h.,-a haan
watchine tha shinvard COMMUNICATION
more closeIv Than anv other laroe,z,
becanse +be government had imnort am
contracts with the Individual m embers
OHicers at the navy ward do not CON
ceal their astonishment at the manner
IN which the combination was formed.
They decided early that the whole COM
bination was oyervalued, overcapitaliz-
ed, and always in danger OF disaster,
and SO informed the higher officials of
| the government. AS a matter of fact
no contract was awarded any individ-
| ual member of the shipyard trust since
twas formed.
Secretary Shaw has watched the
| growing situation in Wall street with
4 concern, and in taking his action of
last year again this year to avert a
/ money stringency he repeatedly has
said:
The treasury department cannot
and will not adopt any course for the
/ purpose of saving Wall street from it
SELF The situations brought about by
| the undue manipulations will entail
suffering to the manipulators. The
treasurys action in putting money in
circulation is to enable the legitimate
business of the country to withstand
any shock. Whatever has been done
in this line has been successful
Administration R.oke sh,,,
-
~ ~ . now ueveiops the entlre ADMIN
istraliol, liiulsi ~ ana collectiVely'
mas supporteu secretary shaw IN ms
course anu mas CONSIDERED that ne
only mas put ms mousse IN order 10
Wllnstanu .he harmlui eiiects OF over
cap 'I anu oyerspeculatlon.
u talhk, cohtlluea .tne admlnistfa,
llon o1iclai quoted, that IN the end
an tne business business =, interests OF the coun-