The Brunswick daily news. [volume] (Brunswick, Ga.) 1903-1906, 1904-12-10
Some of His Recommends
tiOns Said to be Cause
OF Stock Panic
II NAY CAUSE 4 CLASH
Republicans Watching Wall street "a
They do net Want Quarrel Be
tween President and Finau-
eidl Magnates.


Washington, Dec Sharp differ.
ences of opinion between President
Roosevelt and the republican leaders
III congress lave been developed by
The sensational slump in stocks which
@all street generally attributes to the
"a esidents message. Dnriug the
East three DAYS the New York finan-
'e'ers have beeA making frantic inquir-
les cf public men here concerning
he presidents recommendations for
regulation Of railroad rates by extend
thg the powers of interstate commerce.
commission. and to all such inquiries
republican leaders have sent assuranc.
os that the recommendations Of the
president viii not be acted upon.
Just how far President Roosevelt
proposes to 90 in endeavoring to bring
bis party in congress to his view is
yet to be determined. but If he deter
riines to exert al his influence along
these lines a serious clash is certain.
What viii Roosevelt DO.
1t may be that having made his re,
rcc lamentations the president win
DC content to do nothing, but that
method Of procedure is hardly Roose
Veltian. In administration circles the
tendency Of Wall street to attribute
ds present troubles to the presidents
message is pronounced unwarranted.
lie Presidents friends saw the Wall
street dnanc.ers are using his mos
sage as cloak or an excuse for drlv.
ug stocks down and that if any rsai
scare has followed his message it is
only a contributory factor in bringing
on the stock panic which is now rag
ing
At the Same time. the republican
tcaders are looking toward Wall street
with no little anxiety They do nc
relish tho idea Of another clash be,
tween the money kings and the presi.
dent as came after the precipitation or
the northern merger case.
There are some eminent republicans
who are bearing up under the blow
Of criticism OF the business interests
of Mr. Roosevelt. for these republican
loaders can truly say, q told you 30.
they are meG who advised against
Mr.. Rooseyeles nomination as long as
they dared. Some Of these are fore.
most among those who have sent over
to New York assurances that there
shall be no legislation at this session
ycsting in the interstate commerce
commission the additional powers ad.
ysed by the Presidents message
LaFolIette's Influence
Tney generally attribute that por-
ton Of the message to the influence OF
such men as Governor Vansant and
Governor LaFollette. who have made
tie railroad issue prominent in their
states The Presidents close advisers
held that his message on this subject
is not only right, bat that it is good
politics to thus cater to the growing
sentiment in favor Of freight rate con-
t;ol, and they argue that unless the rs
publican party stands by the president
The democrats win be given an issue
upon which they can. two years hence
sweep the country. but the wise men
Who are called and call themselves
The oldline republican leaders, do not
p oppose to ioil in any such movement
and if President Roosevelt endeavors
10 force fight they say they win give
|bim plenty Of it. The outlook for
serious clash , efore the end Of this
session is therefore. most promising.