The daily morning journal and courier., 1907-11-01
ROOSEVELT
 IS APPROVED Three Speakers at Brilliant Economic Club Dinner
 Defend His
 Policy.
WARMLY DENOUNCED
 BY JOHN W. ALLING.
Has Availed of Federal Stat. utes, Not So Much to En- force Them, as to De-
 stroy Large Busi-
 ness Wealth.

Men of prominence in the industrial and the university life of New Haven to the number of 200 met last evening at the invitation of the Economic club for the annual banquet, which proved to be the most completely successful affair of its kind ever held in this city. The banquet was served in the dining rooms of the Tontine hotel, where the men were seated at twenty-five tables. with the speakers of the evening. offi- cers of the club and committee occu@ pyiflg positions at the presidents table, extending along the east side of tho room
 Following the banquet the timely subject, "1s the Policy of President Roosevelt Towards Capital Sound?1 was ably and extensively treated by f1sn who were thoroughly conversaIlt with their subject from constant con- tact with it in their daily work, ana who are acquainted personally with the president The evenings speakers were Henry Clews, the eminent New York banker; John c. Agar, of New York, who was assistant attorney gen. eral of the federal government under President Cleveland; John w filling, of New Haven, the attorney, and Ed ward E. Whitney, formerly of this city, now of New ! orlt, who was coun- sel for the interstate commerce com mission during its most important work and has recently done much Of the investigation following the line of tho Roes ft policies
 The a9a.ess of Dr Clews, which isa given in full on another page of this issue, was most exhaustive. and the banker completely exonerated the president from being in any way coil- cerncd in the financial depression hs- gtnnig a year ago and ndculriinaEiflg in the recent financial furry in New York, except in SO far as upon him lies the responsibility of exposing the misdeeds of corporations, in which ae-i tion, he declared, Mir Roosevelt has lessly keep his oath of office
 Dr. Clews, who knows Wall street and has the inside views of the recent furry among the trust companies and banks, during the course of his ad- dress stated that never fn all his ex- perience has he seen such a scene as the twenty minutes on the exchange when $200, 900, 900 had been with drawn and deposited in safe deposit vaults just preceding the action of J P. Morgan and his associates who stepped into the breach. That the honesty of the presidena IS unquestion- able, that he is not responsible for present conditions and that the great mass of the people are still firm be- levers in his policy were statements that received strong applause from the men present
 Following MT. Clews, John J. Agar outlined present day conditions under four heads Legislative, financial, economic and political, giving under each short history from which he. drew deductions on the future trend of the nations affairs. He discussed the Rooseveitian policies from a leg islative and executive standpoint, talk l ing up under the first the rate bill, Rinternal waterways, and under the second, the execution of the law and his strenuous following tip of viola 1 tors of the law He believed the commerce commission will accomplish good if It's attitude is reasonable and 1 fair minded, and no better method having been proposed. considers that Roosevelt has acted wisely. He be- Iieves, however, that the presidents policy may lead in time to the peo- ple's demanding annuaI elections of all federal officials, including the ex- executive, legislative and judicial de- partfnents
 In Roosevelt's fight against illegal corporations, MT. Agar considers will rest his title to fame by bringing to them sense of the laws control over their actions.
 Mir. filings address given elsewhere was at times a somewhat bitter attack on the president, whom he declared a player to the gallery. He made use of many statistics and went deep into the !