The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-10-16

Journal. which, after asserting that
sure way to defeat Roosevelt would be
to prove he has surrendered to the
money power, declares that no such
proof can ever be forthcoming. 1t
adds that Mr.. Corte1you has made and
is making no pledges, that the Presi-
dent has entered into no deal with
Mr.. Morgan. that he has not surren-
dered to the money power. but that
the money power has practically sur
rendered to him, realizing that its
safety, after all, is best secured by an
executive who enforces the law. Well,
the Eagle has never gone any further
than it was carried by the assertion
that satisfactory assurances have been
given to the money power, SO-called.
1t made the statement on the authori-
ty of one who is in a position to know
and upon whose word the most i'm
plicit reliance can be placed. The
Times had this to say: '"The infor-
nation upon which the Times based
it's article came to it from gentlemen
of very high standing in the business
and commercial world, gentlemen
whose confidence it enjoys, has never
betrayed, will not now and who would
be incapable of misleading it.
What is true as to the Times is
equally true of the Eagle. Denials do
been given. With or without authorl-
ty they have been given in the name
of the administration. Also. they
have been accepted by what the
Journal is pleased to describe as the
money power, accepted as satlstac-
tory Hence the response to the de-
mandS of the collector 1t is scarcely
necessary to remind the Journal that
the crusade reached it's climax when
the Northern Securities decision was
handed down. Since then the star
performer, Knox. has ceased to be At
torney General--the thorn has been
extracted. Since then Cortelyou has
resigned. He relinqushed an ofhce
the performance of the duties of
which involved the closest possible
contact with big corporations. AS Sec
rotary of the Department of Com
merce he was in a position to learn
not a little. Such knowledge as he
acquired qualified him we'll for at least
part of the work he would be called
upon to do as manager of the Repub-
ican campaign. 1t equipped him for
collecting. Moreover, it has come TO
be generally understood that he Will
go back to the Cabinet, which means
that he is very close TO the throne,
and that any pledges he may see fit to
give are far from likely to be repu-
dated.
cit is about three years since Roose-
Welt said at Minneapolis that 'In Il
constantly increasing number OF cases
we shall find it necessary in the future
to shackle cunning as in the past we
have shackled force" There and then
he alluded to unsCruDulouS cOmpeu-
tors who have no conscience ana VINO
will do right only under fear of pun
ishment So that the shackles might
be forged he recommended the estap-
lishment of Department of Com
merce and Industry. And so mat
there should Be no scarcity OF the
sinews of war. he secured an appro-
priation of half a million dollars. of
which considerable sum of money
about one-twentieth has been spent.
Suits multiplied. There was then not
the least doubt as to the Presidents
sincerity or determination-he meant
business. No longer ago than last
wear in his message. he denounced
those who disregard laws, declaring
that "where the government has Jurls-
diction it will see to il that the mis-
conduct is stopped. paying not the
slightest heed to the position or power
of the corporation" These are brave
words They are sufficiently strenu-
GUS And al one time so was the Law
Department of the government. 1t Is
different now.
what of tho constantly increasing
number Of cases in which it would be
found necessary to ShaCkle cunning
Would it not be much nearer TO the
truth to say that the number is con-
stantly diminishing? The majesty Of
the anti-corporation or antitrust laws
was vindicated in the Northern Sc
curities case. which should nave
spurrcd the government on to other
triumphs Of q kindred character. There
is Tho steel trust. the beef trust. the
coal trust and there is the uneEpend-
ed balance of the appropriation. Why
has a halt been called? The Wall
Street Journal must pardon the Eagle
for. expressing the belief that there Is
wh3t the administration regards as an
excellent reason for its otherwise in
comprehensive relapse into master
ly inactivity" 1t costs a great deal
of money to run a national campaign
and from those who represent large
corporations large subscriptions are
not only asked for but expected. The
CORPORATIONS are subscribing. No
more shackleS are in process of manu-
facture. The government is to al! IN
tents and purposes standing pat. OBJ
viously it is satisfied with what it has
achieved The other worlds It might
have conquered, the other worlds 1T
might now be conQuering have no
charms for it. Couple all this with
the disclosures made by the World
and the Times and the Eagle and it is
unnecessary to discuss the matter of
CROOKED journalism with the Wau
Street Journal, more particularly
when it happens to be a Wall street
journals
GOVERNOR AYCOCk ON SENATOR