Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-10-23
RESIDENT NOT SCARED
Declares in Address That New
York Panic Will Not
Change Views
DENIES POLICY RESPONSIBLE
Only Turned the Light on Wall Street
Only Effort Has Been to Punish
Successful Dishonesty-Two Sides to
His PoIcy-EIement Affects to Mis-
understand.

Nashville, Tenn, Oct 23.-President
Roosevelt in his speech at the Audi
forum here today, said:
There has been trouble in the stock
market, in the high financial world
during the past few months The
statement has frequently been made
that the policies for which I stand,
legislative and executive, are respon-
sible for that trouble.
"Now, gentlemen, these policies Of
mine can be summed up in one brief
sentence. They represent the effort to
punish successful dishonesty.
IT doubt If these policies have had
any material effect in bringing about
the present trouble, but If they have,
1t will not alter in the slightest regree
my determination that for the remain
ing sixteen months Of my term these
policies shall be persevered in I'M
swervingly."
Only Turned on Light.
eff to arouse civic manhood in our
nation 1t We're necessary to suffer any
temporary commercial depression,
should consider the cost but small. All
we have done Is to unearth the wrong
doing. 1t was not the fact that it was
unearthed that did the damage. All
I did was to turn on the light. I am
responsible for turning on the light,
h,t r. nf hat tt,,
light showed 1t is impossible to cut
out cancer without making the pa
tent feel for a few days rather sicker
than he felt before. No material WELL
being can save this nation if it loses
the lift towards higher things.
Il am Well aware than in any such
as that in which we have
been engaged there are sincere men
who take advantage of the movement
to do away with the wrongs of wealth
to inveigh against wealth.
will permit neither the demagog upon
one side, nor the reactionary on the
other, to drive me away from the
course or policy which I regard most
vital for the well-being of this ma
ton"
wv 0IoSS 10 FOIICys
And the thing most important to re-
member is that that policy has two
sides. 1t would indeed be an evil day
or this nation. it would indeed mean
he beginning of the end of our ma
ions greatness if we ever permitted
% grow up a spirit which would dis
,riminate business success. There is
nothing baser and meaner than the
hatred of the man who prospers hon
stly. simply because he has prospered,
md challenge the spirit of every good
american when I say honest railroad
men, the honest banker and the honest
BUSINESS man, the man who makes a
ortune because his exceptional bust.
less ability enables him to render ex-
optional service to the community,
hall receive the amplest protection
nd be safeguarded against all injus-
ice.
There are certain gentlemen who !
ave affected to misunderstood my po- \
ition on that point and to say that
ave talked against men of wealth as |
UGH, that I have melted attacks upon
he class that owns great wealth !
hose gentlemen are blind if they see |
he fact in that light. will protect /
I every way in my power honest prop
rty, I will protect the honest man of
Tealth to the extent of my ability.
md in no way can I ultimately pro-
ect the honest man of wealth as eff
as by doing every thing in
~ power to bring to Justice his dis
onest brother of wealth.
The president spoke of the difficulty
l Furnishing crimes of "unscrupulous
INNING, committed by men of great
'ealth." but he declared it is the coun-
US duty to wage the campaign
gainst them in the interests of honest
ealings in the future.
The throng which had gathered to
ear the president cheered every
.rong point he made in his speech,
nd the applause was frequent