The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-21
KEEP AWAYFROM MARKET
AN oFT-CRUCIFIED PUBLIC Is SOME
WHAT BACKWARD.
standard oil SPECTATORS Are ScnIpinS
the Market-New York Finan-
ciaI News.
500 % ,he InaIanapolis journal.

the stock market and but for the professionals
acting on behalf OF the Standard oil interests
there would be total hamilton The Rockefeller
crowd being chiefly concerned IN keeping the
market alive Is given the working oar. Most OF
the manipulation which has given 70 the market
a semblance OF life during the last few months
Is traceable directly 70 "2s Broadway" which is
the street desgnative OF the STANDARD Oil
headquarters. In that mammoth sISyscraPer is
hatched more financial conspiracy than any other
spot in the United States II is now pretty well
understood that the Rockefeller people were be-
hind John w. Gates in his recent bullish demon
stration. they have been behind every move
in AmalgaInated Copper. Consolidated Cas- Al
ton. Realty. Steel. Colorado Fuel and Iron, St
Paul and so on through the list Of sporadically
active things. The Standard OIL interests are not
supposed 10 be especially bullish. but manifestly
II would not serve the interests OF that powerful
combination TO allow the market TO get too stag
nant. The layout must be maintained and the
game kept running against the time when it
will seem right for the Kerosene Kings to
take hold and inaugurete another grand bull
movement.
The Standard oil spectators and gamblers
scalping the market. that is all They churn it
up and down. skinning cut what they can from
buyers and sellers alike. They just
playing favorites and grab dollars wherever
they can find them. The lesson taught by the
Gates exploit IL that the public cannot at this
time be enticed into the game. The public
stolidly refuses 70 be beguiled into throwing
good money after bad. Only the chronics rise
the ny. and the chronics had rather lose their
money than be deprived OF a chance to play.
They are full Of the gambling poison and can
not get IL out OF their systems. They are like
the old faro fends. who would rather knowingly
bet against brace game than not bet all.
ha ma rke of hat here
can be no question.
ONE THING TO SAY.
There il this. however, to say in behalf OF the
Rockefellers and their associates. They are a
busy and constructive lot. They are always doing
something in the way OF pushing their business
and expanding their enterprises. True, wherever
they have made their entire into any branch or
division OF trade they have crushed, bIighted or
absorbed opposition. They gobbls up the prop
critics Of their rivals or competitors but in doing
this they inspired with the firm conviction
that they the business better than any
body else. The chief OF the clan, John D. Rookie
fsllsr. Is one OF the most sublime cyclists the
world has ever seen. and IN walking over the
wreckage OF competition he derives pious salts
faction from the thought that he Is doing the
world great good in monopolizing as much Of
its business possible and taking Affairs into
his own hands. where he can be sure the business
OF God and humanity. His followers have be-
come imbued with much the same spirit. They
have sort of fatalistic Indifference to what the
rest OF the world may think. They crowd ahead
with the same callousness in their campaigns Of
conquest. They as merciless ever Mahom-
ct and cruel and relentless as Mad Nah
di. In sinking the shafts Of their deadly spears
into the quivering flesh Of opposition they are
inbued with the Arm conviction that they are
render,ng service to the Divine Being. The re
20 his sunday school class reflect this idea. Many
people aetuated by more than curiosity have tried
20 aIaiyzs TINS remarkable young man on the
theory mat ne Is either fool or a canting hypo-
critic lie Is neither. Like his father, he is the
10 believe that he Is divinely inspired and can
do injustice.
A peculiarity Of the RoekefeIlers and their
associates Is that they are satisfied IN a great
majority OF cases in owning the stocks of cor
bonds and senior securities should be held by
others. They are ever and always betting on
money any time on the proposition that they can
GET more out OF a property than anybody else,
snd results seem TO very clearly establish the
correctness or their premises
Wall street feels that in the death of senator
sentiment which Is likely TO grow stronger in
stead OF diminishing in weight. Mr. Hanna was
the strongest connecting link between national
politics and the kings OF high finance He had TO
an extraordinary degree the confidence OF the
eiety, and in this respect he leaves no heir. IN
I'll his death IL was the hope Of the more i'm
II wouid be impossible 70 defeat Dir. Roosevelt S
RECONCILIATION in Chicago next summer the inhu-
ence OF Mr.. Hanna would be felt so strongly
that unquestioning allegiance could be given the
Republican ticket. These people now at sea-
House incumbent has and will continue to have
tie indorsement Of the Standard oil element.
ter and time confirms the belief OF en- alliance
IN that direction Heretofore the RockefeIlers
politics and they may not this time. but the
mighty mechanism will. almost without a doubt
holding OF the national convention and after
ward. How far this will quiet the uneasiness
occasloned by the death Of Mr.. Hanna remains
to be seen
NEED OF BUSINESS MEN
The need OF business men in Congress has
often been expatiated on. The passing away of
Mr. Hanna revives interest in that theme and
in this connection movement has started I'D in
favor of the election of a strong man to succeed
Senator Depew. The of f. H. Hartman
Is being advanced for this position, and 1t is
said that Mr.. Hartman is not averse to the
idea A close personal friendship exists between
Mr. Hartman and Governor OdeH. and It may
also be stated that Mr.. Hartman is on friendly
term2 Win senator Platt Senator Depew is
himself and takes slight interest in what h
gong on before Congress. Mr.. Hartman is an
intense partisan. fact not generally known.
Hs has for many years been one OF the largest
one Of many who was hon0red By calls from
Senator Hanna almost every time the latter came
50 i'm
mersed i'm Affairs connected with the financing
and developing OF his stupendOus railway enter
prises during the last five six years that he
has had almost TO time 10 mix with public men
but he is far from being unsocial. He is a
pleasant talker and makes a very good speech
his Information is thorough and covers a wide
farge.
AS the in the far East progresses the opin-
Ion gains ground that the struggle will be lone
drawn out. Speculative discussion naturally
curfties OF which might extend through
two or three years and which may als1 involve
other countries than Russia and Japan. The
beltef IS general that such a war would be Il
In a trade sense. but in the prices of our securi
ties / have heard the opinion voiced seyera
times lately that should the war extend anf
ctper nations become Involved the end might b.
the disarmament Of Europe as the only escap,
from national bankruptcy.
The distribution OF measlv S16. 600 600 am ms
the stockholders OF the Standard oil COMPANY
calls attention 70 the fact that this great com.
oination Is feeling. like the rest OF the country
the contraction in business Last wear 90 m
was paid out in January 70 the stockholders ~
that corporation. and the amount disbursed dur,
tng the entire year OF 1903 was sd 600 COO tn,
outlook FOR this year is from SIS. 600 COO 10 S3S
ec0.0a0. w.
A STRAINED EFFORT.
The attempt 70 make bullish capital out OF N,
Baltimore fire il very strained effort Som,
Of the specialists in Steel have been bulIin.
that stock on the theory that the city will h.
Immediately rebuilt and that an immense new
demand for structural iron will ensle which vii
De TO the huge profit OF the trust The rebuild
fng % the burned district is a labor which can.
not Dc completed within five or six years AZ m.
best, and the business which will 90 - the fror
and steel companies by reason thereof will harsf.