The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-07-09


pair confidence. ~ he 4 mos important
Washington development having a bear
Ing on 4 business affairs and matAriRl In y
terests Is the increasiiJss tend ncy toward
Federal Capitalization. and this Is some
thing which mos cert lnly Gcond uGes n to:
greater security, or, at lie asst, that would.
be the vote of four out Of five pro persyi
owners here; In all the " shingto n Z Sl.
tatlon and performance. there is not 5orl,.
hostile to- laW-ablding citizens in any
walk Of life or to propertyssin any form:
The asi tAtiaE 8,Rd per have ", AL
been Is \ the Uplifting 81 (. business morals
and ID honest administration Tho more
Wall. Street thinks Of h these thin gss II he
more sane must be q is view of the re-
suits attained BY the law-maklng powers
and by " he agencies LIN trusted Wit the
enforcement Of the statutes tut: g.
\, Measured In dollars and cents this has!
been & the greatest business year IN I the
nations history. AS o. people We have
done more and have more to show for
IT. The bust ness yea Of 4 9a g rs record
breaking In cpol mate 81 a.. achieve
ment.s has sbeenjn banners year for me
farmers n and a nlnnufac turers, for Az mel
chants. for railroads and for every de-
partment and division OF activity: The
railroad s In particula and 1t Is TO them
I5thatHWail Street looks most closely, have
everything to be thankful for, They
| have done%a larger business than ever
Isbefore with better net results the IN -
creased earnings being due n part part %
enlarged tonnage and In part to the saw
ing an immense aggregate sum which
formerly went back to favored shippers
| in direct or indirect reba tes. The "eY en-
| ing up process Is for the general gooa l.S
| John Nv; q Gates denies wi tn great We
hemence that he has any In entlon OF try-s
ling to .'hold up the Steel Trust ana !!
| force 1t to pay an cxtrnvagant price Slor5
shis Tennessee Y Coal &nnd - Iron and his
Republic Iron and steel Companies un-
der threat OF demoralizing the iron and
| steel trade II his demands are not ac-
| Sceded to. Whether he harbors any Buch
intention or not persons intimately con-
nected with the management q the stee!3
Trust as well aa the banking .complha-)
! ton behind 1t believe that Mr.. Gates mas
such designs and they made plans &C.
cordingly.n 3 Whatever may be the back
ground q scheme OF Mr.. z Gates and 4 MS
| \ ssociates. 1t can set II down ms a cold
| e. ~ tia 4 any blum which he may make
looking to trade disturbance as q move
10 compel the purchase Of independent
iiron companies will be called. sucn
seals" to be followed by measures OF
harsh reprisnl. This programme was de-
1 cided upon some time ago and ~ antlcl-
M zion OF IN ugly fight between the Steel
! Trust and the Gates contingent, many
| a. Tthe large holders OF steel stocks put
themselves In shape for battle Mt Gates
! il terribly anxious to make u appear
that his Intentions are peaceful ana tnat
ha Will be the coolest little boy that
ever wasp Unfortunately.9he does not
always shoot the way he looks and the
! street has learned to ask tor corroDor
ton when he makes on of those e solemn 3 Ne
statements. Il X sssf
5lOna OF the stories flying about wall
| Street is that the Standard OIL interests ~
are campaigning for control q the penh-
~ OF un9lorseing Mr. cafIsant.
and putting man at the
I,and 81 the system with less imagination
and mora economy IN the mat tor OF en-
m,,e,ndture, The Rockafelle Influence N
Pennsylvania has from the first strongly
onnosed the enormous gu tlay planned ~
/ Mr.. Cassatt for the oonst ruct1on OF 1tar-
funinals In New York and elaswh ere '4Vey
do NOT sec where the road ls Going ta 'get
/ Its money back and are not IN Fylnpa my
Witt, the management az any hlgn pqlne;
\ Company, the recognizsh fiscal agents 70
the Pesnsylyania. are occupy ing a neu7
trial position In this contest for control,
This great banking house, while willing
10 taka it's percentages and commissions
on stock and bond Issues, rathe lna ms TO
the opinion that the eoTosa ton Is going
too fast, Before his dspartuts on his trip
around tine world Alr,s9s7rJa cob ~ sc'hlfr,
head OF the Kuhn, Loeb and CompanS
| told some OF spts inttH'a tes that " nssshs
ba5 tina part NJ wisdom fnr tfYsm 70 SET
ont az their. Pennsylvania shoVe l4S, as
he tho,sga.t possibly they could get u again
Mellow il6. He knew then What tho needs
az the corporation would Rs and fore7s'
saw the Likelihood Of a decline In qllos,