New-York tribune., 1907-10-30
AT DEBATE.
Continued from first page.

.
rem had wandered so far from the subject of the
debate that he was at loss to reply to him.
/ Mr.. McCarren started his debate with dis
course on ply siolcgy and anatomy, and know
nothing of either of these subjects. Then he
talked of banks and l unable to discuss fully
that subject" Then Mr.. Woodruff Immediately
took up his subject and said:
Senator McCaren first accuses President Ro9se-
TO many people and may come to all" Sen:
ator McCarren further accuses the Presldemt @t
rested by his fanatical action" Senator McCarren
HEM ~ wit6hoId their supnort from those who
must have financial aid in order 10 prevent lher
ruinatIon."
ABSURD TO BLAME ROOSEVELT
propose first Of all 10 demonstrate that the acts
and utlerances of President Roosevelt have had no
than have the revolutions Of the earth about the
sun History Is simply repeating itself. FoT hl ten
less prosperity. out OF this prosperity have grown
perity in this nation and in every other nation. IN
the multitudinous activities and vast volume or
business 1t is not true that there have been red..
uXeX X sPe4kng many Wrongs 1nt wrongs 1nGs
4IILI 5; Ia' mere It't pc pet ] j,, iG@T,ent and
clear perception. although himself of conservative
% t anu a o Soon Come To believe that
these wrongs were the rule and not the exception
IT is therefore obvious that far from being me
course Calculated TO save not only the masses ot
The Peopie from recurrence Of low WHKes % oTe har1
the future will certainly reveal. which could
@i9 ad FG h sf Witch
Senator McCarren exhibits so much solcltune' u
sp6usible for what has occurred here during the
a s been aca in S s 6as an hPoush
ont the length and brS9d9 OF a9 tae bsrn @nd S%Gf
there has not been even ripple OH OH the nanfi% taS m
SomParavcly 1d @ % insigndcant stock obb9g manru
Vro which carried down at hrst an jnuiIidual os
affentad An anuI1eration of the actual causes of
III ioca1 2nar"iai distnrbancs would not be com
plee without referring 20 the fact that such times
lowed by financial dst;irBances resulting nom the
fact that business expands 20 an extent ney9hnd n
facilities Of our currency system. President Roose-
urged the passage Of laws for currency reform TO
prevent just such financial disturbances as oc-
CURED last week
Then Mr. Woodruff quoted from speeches and In
tervievys show that the present financial troubles
the result OF dishonest work on the Part OF
fen. Continuing lie said:
Right along the very line OF what these eminent
hnanciers said last week President Roosevelt said
sary' TO dsterminc then who should rule this gov
ernment-the people. through their duly accredited
. representatives. or few ruthless and determined
men, whose wealth made them particularly for
of corporate organizations" lie laid great stress
on the iact tGat ne rScoEnlAed the nscgSsl'y or
20 liberal profits and dividends, and that the gov
eStsnsoa OF the business eetlyties Of honest bus,
,'' sru no,'hI corp"'s,.ons' " our E,.a'
which could only be preserved II We remember
ana anarchists than from he pTedatorv men of
wealth" lie meant by his reference 10 the pred
referred 10 by the eminent nnancters whom have
TadIug bankers as those who have had too
little regard for tho safety Of deposItors and have
or sa have IN l"STHS SsHd 6sg nS5n f5ea9 6e 3b iIt
Presidents Characterization
them as predatory men OF wealth" Mark what
lsts and anarchists than from the men OF wealth
casn H eg was epG 9 r." r ysqTS ago s9
in the country. This progress has been checked
Hs ed aacasR of hd fa R.
turned on the light, and the result OF what the
those who were preying upon The public. In his
deep and civic manhood IN our nation Il IS neces-
sary 70 suffer any temporary commercial depres-
have done has beer, to unearth the wrongdoing It
done nGI nv 'd9 aet af Ts Wa s Ynearthed mat has
light am responsible for turning the light.
vealed"
NO OCCASION FOR ALARM
We have been through a financial cyclone There
IS every reason why those who embarked in un.
There IS howeyer no reason Why any one Who has
conducted his business honestly and IN conformity
fellow men Should be dscouTased Banks % baHs is
to BeS a. a92t % sdo % @ 9s S eF rs S 3
dcpositors Of all these institutions will be paid In
fuli: The suspensions have not been what ordi-
narily call failures Doors have been closed In al
owe 500 have ~' SO in 9t you fSaag goee S&S
YOU may S. 900 house Your creditor wants
house and he cannot wait month to put a mort
gage on IT, You are in az bad fix. notwithstand-
ing your OWNERSHIP or 4 house and other property
been Obliged TO close its doors The trouble was
banking institutions men who We're not bankers In
the proper acceptation OF that tern and who
FOR what he revealed.
Assuming that | correct In the statement that
depositoTs in suspended banks will not suffer more
than 4 temporary embarrassment, who really
blame? Certainly the spcculators what might
be more properly termed the gamblers in stocks
those who have converted the franchises which the
people gave them and who in return have given
Win Above ali those Who have Violated the ia%
in giving and In receiving rebates and other
the blame TO- their trouble upon any other shout
ders than their own. President Roosevelt has clear
for criminal prosecutions Of rebate Offenders and
has clearly proved tnat the only possible procedure
BY settling the coal strike by breaking UP the
ending the in the Orient by bringing railroad
rebaters who were just as much violators of the
law as burglars to account; by raising his strong
right against the land grabbers or the public
domain in the vast Western territory; by insisting
that the products of the beef packing establish
should not be raised In price by the destruc-
tion of ali competition and should be handled in u
manner that was not prejudcial to the health OF
our people, and by preventing. under the pure food
iari,ug 10 ,hn nuhIIc iii ho A rot a. HSo
Roosevelt conferred lasting blessings upon the
people OF this generation and OF generations yet to
come? BY unearthing the conditions that existed
IN life insurance management, with which have
Az az Oeen T; Tnads iamaE and by laying bare through
which which traction companies did SO much 70 enrich
(fONernOr uRh