Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-08-17
sme1ter KingGuggenheim Talks
in Paris OF Perpetual Tenure
For President
THINKS A CRISIS is AT HAND
Processes to Have Fears for tho Fu-
ture Of the epubic-Revolution-
ary Changes in Policies in White
House During Past Five Years -
General News.

Paris. Aug. 17-"There is a crisis ap-
preaching in the United States,' said
Solomon r. Guggenheim of New York,
yesterday. IF President Roosevelt
can be reelected attempts will be
made to secure him permanent ten
ure in office. The consequences of so
great a departure from American and
republican tradition are too great and
far reaching to be estimated
Mr. Guggenheim's remarks, even IT
dropped in casual interview on So
journ abroad are worthy the closest
attention. He is representative OF
one of the most important business
interests of the United States.
Indeed. next to the Rockefeller group
there is probably nowhere in America
so vast an aggregation of family
wealth as that which is held by the
seven Guggenheim brothers.
They control the so-caled Smelter
trust They own mines in practically
as many states as contain producing
shafts tor ore or gold, silver. copper,
zinc, or lead
Solomon Guggenhem's brother ST.
mon has been elected to represent the
great mining state of Colorado in the
United States senate. The brothers
own mines and smelters In Mexico,
Peru and along the whole line of the
Andes.
1t is supposed that the seven sons. IL
they We're to divide their wealth,
would have ratable. quotable fortunes
of about S100,0oO000 apiece-a fortune
of $500 100000 under the control of a
family council. 1t is doubtful If j. D..
Rockefeller alone could control more
of value of industry and of the means
of life to wage earners.
Solomon Guggenheim is the third
born of these magnates of mines and
smelters. He is in his 45th year. He
was passing thru Paris when he be-
gan to talk about America.
Broadly speaking" said Mr.. Gug-
genheim there are now three political
parties in the United States One, Of
course. will place w. j. Bryan in the
field for the presidency The second
is now In favor of Secretary Taft to
head the republican party as their
candidate to succeed Mr.. Roosevelt.
But there is still a strong third
term party for Roosevelt, in spite Of
his announced determination not to run
again
"As have said II Mr.. Roosevelt can
be prevailed upon to run and if he is
elected there is a strong indication that
an endeavor will be made to keep him
in the presidency for life.
"This may seem to be revolutionary
sort of tale for a business man to in
dulge in, but look at the way things
are going now in our democratic coun-
try The changes in the ordinary GUS
toms of life at the White House within
the past five years will serve very we'll
to illustrate what mean. They show
a very great and pronounced tendency
to form our morale on the style which
prevails in European capitals and
courts.
For instance look at the last Fourth
of July reception at the house of our
ambassador in London. For the first
time in the history Of our diplomatic
intercourse with foreign nations, the
invitations were limited strictly to
American citizens who were admitted
only by presentation of their cards.
'At the White House there seems
to be rapidly growing tendency to
make the social life there more and
more like that of royal court.
1.-The fact is that many members
of our rich and intelligent classes,
when they visit Europe, are not sat-
isfied until they have, been presented
at some court. To have been presented
at the royal drawing room of the
King Of Britain and Ireland, Emperor
of India and of the dominions be-
yond the seas is to the people of this
class the very height and climax of
social success. This distinction gives
their social position at home an in
delible seal of pre- eminence. They
scheme for this honor they spend
vast sums in entertaining to gain it,