The San Francisco call., 1904-06-10
ROOSEVELT AND WALL STREET.

financial combines. in estimate of election re-
i suits predicts the defeat of President Roosevelt
because New York will vote against him. After as
scribing other reasons including the of Tanmany
the Journal says Moreover this State is the headquar
ters of those great financial interests which opposed
to President Roosevelt on account of his action in the
Northern Securities and the anthracite coal strike
Perhaps it that the alliance between the Demo
cracy and the trusts is strong enough to make i'm
preston on the vote of New York
Iu 1000 Mckinley and Roosevelt carried 7o States
with 200 electoral votes and Bryan carried 10 with
electoral To be elected President Roosevelt
must carry 22 electoral Mckinley carried Cali
forna, Colorado, Connecticut, Delaware, Illinois, Indi-
ana Iowa, Kansas, Maine, Maryland, Massachusetts,
Michigan Minnesota, Nebraska New Hampshire, New
Jersey New York. North Dakota. Ohio, Oregon, Penn
sylvana, Rhode Island South Dakota Utah, Vermont,
Washington, West Virginia, Wisconsin and Wyoming.
Give Maryland, West Virginia and New York to the
Democratictrust alliance and add to it Byrans votes in
1000 and the trust candidate will have only electoral
votes to Roosevelts 244
While no one comedies New York to the trusts
Roosevelt can be elected without it The given
by those who hope take his own State from him is
the reason that will give him 244 electoral votes in
States that are not only naturally Republican Ore
gon but in which the people not lost in admiration
of the kind of high finance of which Wall has been
the for the last three These voters have
prejudice against fnanciers the fair and lawful
of wealth But they object such operations have
characterized many of the combinations which have
ured the public invest in securities that had
sets or insufficient assets behind them The industrial
combinations which have created wealth by the
pansion of production and OF processes
titled to their share of what they create and the public
who bought their stocks are fairly entitled the dv-
dends
We see no evidence that such organizations have any
combination take unfair advantage of investors
and make their profits by promoting the sale of unsup
ported securities naturally oppose him and he expects
them to do His in the Northern Securities
case while it brings upon him the wrath of Mr.. J. J.
Hill, has been affirmed by the Supreme Court of the
United States. No good citizen one fit to have a
voice in the election of President, find any fault
with an action which backed by that and demon
only enforcement of the law of the land
The President has laid down as the rule of his ad-
ministration that no man is above the law and man
is below it. All must obey it. This rule he has rigdly
bravey enforced, and it viii be sorry day for the
republic when President is defeated by asserting the
principle that some may be above the law and some
below it.
Personally Mr.. J. J. Hill is probably very estimable
man. but even he has virtues which ente him to be
held above the law. The on horseback only
when free government finds it impossible protect
life and property by enforcing its laws When such a
situation existing lawessness Colorado and the
rights claimed by Mr. Hill becomes general then
have no protection against assassination from side
and spoliation from the other The law leaves their
lives and property defenseless, and the horse
back enforce, by arbitrary power, rights that
had no protection by The law
We do hesitate say that the defeat of the Pres
dent for the reasons given by the Wall Street Journal
would be the beginning of the end in this country The
presented is partisan. 1t is the issue involv
ing the survival of civil liberty.
If the voters be lured into rebuking President
for being mindful of his great oath and enforcing the
law against all who violate it will be of want of
confidence in free institutions. In that aspect the
pagn is threatening than anything in history
than the Civil War. In that great struggle it is
our habit to believe that civil liberty would have been
preserved even in divided country, by perpetuang the
institutions upon which freedom depends. But for the
people of the whole Union, of the united country to
up and say that they will have President who
enforce the law deliberate of suicide the hara-
kiri of republic.
In the face of such issue all old party differences
disappear Questions of finance and tariff retired to
the rear and the only question be decided is Are any
men to be declared above the law below it? 1t is
stupendous and the President be the objective
of this sinister attack He becomes the representative
of the lawful rights of his countrymen and stands for
something greater than the policies of party for he
represents the essential principles of free society
ruled by law.