The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-08-24

and delicately limited at the possibility
of the corporations arranging for a
truce with the government
It's a shrewd move" said one big
view of Wall street. "They found
they couldn't bluff Roosevelt. Now
they are trying to coax him. In that
Schff interview they are handing him
the first sugar coated pill. It's a great
victory for the president, and duly APP
preciated by the people The corpor-
ations have surrendered. and in the
long run it will be a good thing for
the business interests of the country"
One curious thing is the reversal of
the attitude of leading financial inter
ests on the character of prosecution
they. would recommend to the govern
ment. A few years ago the capitalists
were advising the government that, if
go after the corporation and let the
officers aolne.
Officers. who could be imprisoned.
eagerly hid behind the corporation,
which could only be fined But since
the overwhelming Standard Oil fine
and the ensuing stock slump the shoe
appears to be on the other foot. Now
it is said the capitalists should be i'm
the government will go light on the
corporation and its thousands of
stockholders This new attitude on
the part of financial interests was
j j.
president of the Illinois Trust & Saw
ings bank and the owner of large in
terests in the Chicago & Alton and
officers alone.
Speak for Tariff Revision.
George NJ. Reynolds, president of
the Continental National bank, said
that whatever financial disturbance
street and is not noticeable in the
west. He Endorsed Roosevelt and de-
clared for tariff revision.
Leon Mandel expressed it as his
opinion that the country's prosperity
was beginning to show signs of an I'M
natural growth and that the present
curtailment of the volume of business
was bound to appear independently of
the presidents war on the corpora
lions. He said that the Roosevelt
policy should be continued and that
business interests had nothing to fear
from an impartial enforcement of the
law. He also advocated tariff re-
vision.
Thinks Relating Is Ended.
st was much pleased with Mr..
Schiff's interview" said Mr.. Mitchell.
81 think in a polite way Mr.. Schiff has
made some valuabl observations
worthy the attention of the govern
ment.
''There is no doubt that the policy
of the president has done a great deal
of good 1 believe it has absolutely
stopped rebating by the railroads, and
that has been a good thing for both
the roads and the people.
But I believe that it is now time
for the administration to look to the
future rather than to deal with Of
lenses of the past. 1t may be that it
was necessary for the administration
to take the vigorous steps it has in or
der to convince the people that Presi-
dent Roosevelt was sincere. But I be-
lieve this belief has been established,
and to that extent there has been ac-
complished what was probably sought
to be done.
''I now think that it would be well
for general confidence not to further
pursue corporations for past misdeeds.
but to let Il be understood that from
this time on laws will have to be obey
ed and the managers of corporations
be prosecuted for unlawful acts.
Would Prosecute the Managers.
81 do not believe in attacking the
corporation itself. for in SO doing a