The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-11-29


I about It's Of their own creation. Its
/ due 10 watered stock and other dishonest
/ financial Methods
Abraham Lincoln Brick. representative
/ Of the Thirteenth Indiana Congressional
district, and an ardent Fairbanks sup
/ porter, is at the New Willard Mr. Brick
said last night: Vice President Fair
/ banks has the confidence Of the working
man. the business man. and the capitalist
| They know him 10 be man OF conserva-
/ tive ideas. and at the same time wide
awake 10 the interests of the country
/ Vice President Fairbanks is growing in
popularity daily, and the Indiana dele
CATION VIII be solid for him al the IA
tional convention. There viii be others
/ beside Indiana. and his chances are the
! best"
TOO much investment in fixed assets.
! a scarcity Of currency. too much specula-
ton in questionable enterprises. and
I great destruction Of wealth in recent dis
asters"
/ These were given as the causes Of the
/ financial furry by James W Church.
/ banker Of New York. at the Arlington
last night we have been passing
/ through an era Of great prosperity. It
/ has resulted in great expansion Of
credit. and fixed assets have grown up
/ enormously Business plants have been
added 20 lavishly, until many have gone
/ far beyond reasonable bounds Of credit.
I This over-investment has begun AT the
/ top and has gone down through all
I branches Of society.
The national government has spent vast
sums IN Improvements. so have the States
and the city governments. and so have
I the Individual business enterprises. The
result has been a conversion Of quick
7 capital into fixed capital. until not sum
cient sums Of quick capital have been
I retained for the demands Of business.
/ The prevailing scarcity has been stil fur
! Their increased by the withdrawal Of
money from circulation. This has come
about from three principal reasons-peo-
l pie have become afraid Of the banking
I Institutions and have withdrawn their
money and are boarding q, some have
gotten control Of vast amounts OF cur
rency for purposes Of speculation. and
I banking institutions have drawn upon the
available cash for purposes Of emergency.
Z The conditions We are facing are better
than they were in '93 Then We were
1 a
We are able 20 command a gold supply
Then. too, our crops are better, and moth
I ing can be very bad when we have good
crops All these make for a quicker
emergence from financial difficulties than
I IN 90. We are apt to look too much 10
/ legislation 10 cure these evils Legisia-
ton VIII undoubtedly help. but the re-
covery must be a natural one"
kansas is for Taft" said Victor Muir
dock, Representative in Congress Of the
Seventh Kansas district last night NJ.
Murdoch is registered Al the Cochran, and
speaking about President Roosevelt he
grew very enthusiastic.
I'VE believe in Kansas when a man says
a thing he means it. and we know beyond
doubt that when President Roosevelt said
he would not again be a candidate for
I the Presiderey be meant every word OF IL
We are for Taft He is a man Of the
same ideas and aims as Roosevelt OF
course, he does not evoke that stirring
enthusiasm that the mere mention OF
Z President Roosevelts name does, but We
are for him TO a man. Roosevelt could
/ even be a mayer OF a Kansas town and
/ be popular. which means a whole lot; its
about the most difficult position 10 iii
without losing your popularity. We ad-
mire Roosevelt because he is cOurag eous,
he is a man Of yalOr. Of truth. OF honesty.
and goes ahead and does things
Kansas is prosperous Big crops and
1 good prices for the past years have made
/ the Kansas wheat grower and cattle
raiser and cotton planter rich men They
know the value Of their crops and stock,
they know IL is substantial"
Mr.. Murdoch has hair Of the color Of a
Kansas sunset and deep blue orbs that
sparkle with animation and look one
square in the eyes. He is a highly inter
esting cOnverSati0naIiSt and his breezy.
whole-souled manner has tendencies OF
Infection Mr.. Murdoch became d news
paper reporter At fifteen. and at twenty
moved 10 Chicago and worked there as a
newspaper reporter. At twenty-1hree he
became managing editor Of the Wichita
Daily Eagle. His home is in Wichita.
Kans.
Senator James P. CIarke. OF Arkansas.
is making the Cochran his homo. and.
speaking Of the political outlook last
night. expressed his personal opinion that
Bryan would be the nominee Of the Dem
ocratic party for the Presidency.
1T looks 10 me as II Bryan would re-
ceive the nomination Arkansas Is a
great Bryan State. And I believe thar
the Democratic party viii pull together
and elect him OF course. its hard 10
tell what individual members Of ;he party
may do. but what I mean is that the
great mass of the voters viii De FOR him
Bryan and Roosevelt both are popular
men; they travel on about the same lines
Business in Arkansas is first class
We have had good cotton crop. and we
got good prices"
THE country IS prosperous. good crops
everywhere, and plenty Of work for
everybody; there is no reason why there
should be a scare" In these words Sena-
tor Dillingham;. Of Ne.-lOnt. who is regis
tered at the Cochran. sized up the present
situation.
OSher statesmen at the Cochran are
Senators Pyle. Of Washington: Overmau.
Of North Carolina; Clarke. of Arkansas.
and Fraser. Of Tennessee. and Repre-
seutatives Murdoch. Of Kansas; Anthony.
OF Kansas; Bartlett. of Georgia: Under
wood, Of Alabama, and Johnson. Of Ken
lucky.
Bernard Goldsmith, vice president Of
the American Chamber OF Commerce. at