Daily press. [volume] (Newport News, Va.) 1896-current, 1907-10-30
Paris Particularly Finds Ills Form.
eP Popularity GudeIy Shaken
by Money Crisis.
.MATIH SPEAKS OF FEET Of CLAY
Adds That in Two Weeks He Has XIII.
ed Two Bears and Wiped Out Bill
lion oolIars-Europeans Ready to
neIlttle Our President at Any and
All Times.


PARIS. Oct. 29.-President Roose.
yelts popularity In Europe has been
lndely shaken, by the financial crisis
IN New York
People on this side OF the Atlantic
are as ready to lelittle him today MS
they were formerly to laud him AL.
though IL Is frequently admitted that
"frienzied finance" mas contributed 10
prepare the way for last weok's events
II Is also recognized that the PEST
dents reckless political campaign
against capital has baen chiefly re.
sponsiblc for the panic
That the effect of the slump will not
be felt OH II big scale here is due sole
~ TO the fact that European holders
OF American securities began to EXPERT
ence unenslnss some time ago rega, d.
ing the inevitable consequences of the
Presidents policy. and gradually got
rid of their holdings The direct re-
suits OF the slump In New York, there.
Tore, are comparatively mimportant.
The ndi. Get results, however. are very
serious. The stock markets OF tile
world are now so closely linked to.
gether aud thci' interests are so idcn.
teal tnatthe infi,ience uf events In
one must infallibly be fell In others.
Calls ReVulson Complete.
French securities MS n whole have
declined In sympathy with the course
or events in New York last week and
IL is this fact that is the underlying
cause OF the revulsion of public opin-
ION as regards President Roosevelt
Rarely was revulsiou more com.
| plete. A few months. or rather few
weeks ago any one In Europe who ven.
tured To question the capacity OF the
President as n statesman was laughed
at MS purblind or prejudiced. AFTER the
losses sustained by French investors
owing to his Rough Rider policy in
economic and financial matters lie is
regarded with resentment In n great
many quarters and with distrust In
all
Some comments on the crisis puh-
lished in the Matin. are characteristic
examples of this complete reversal of
popular opinion. Hitherto the presi.
dent has had no more devoted cham.
pion in Europe than the Matin. His
speeches We're hailed as an expression
Of the ripest wisdom am his actions
as denoting genius. All illusions re-
garding him. however. have been dis
sipated and in the light of rccen:
events the Matin evidently perceives
its idol has feet of CLAW. 1t saws this
crisis will be recorded in history as
the Roosevelt panic. side by side with
the Gould panic, and refers sarcasti.
caliy TO the unwonted modesty display.
ed by the President in remaining aloof
from events which he had rendered
possible
Calls Il intimidation.
Since 1902" says the Matin. "Presi.
dent Roosevelt has utilized his policy
OF concentrating all political power In
his own hands. To control the repre-
sentatives of the conntry's financial
power he has stimulated the passions
of envy and ambition-by leaning on
the popular majority and intimidating
tho wealthy classes. He has conduct
ed campaign against railroads and
against industry. His activity is not
confined TO the future 1t is retrospec-
tive in its consequences. Quite re.
Gently the Standard Gil Company was
mulcted in about $50 million francs
for an error committed five years ago.
lie has inaugurated 4 policy of
th.ehts and OF annoyance, and trusting
III 'he support OF tie crowd. has instt-
tuted ve.itablc regime of financial
inquisition.
In less than fortnight President
Roosevelt has killed two bears and
wiped OUT OF existence a billion dollars
His destructive capacity therefore
cannot lie disputed.
con the Other hand more than s25..
600 900 has been advanced in the last
few days by the capitalists. by the
great captains of industry so violently
assailed by the chief magistrate. with
that sum they might have easily tripl
led their capital bnt theJ preferred to
helm the banks satisfy their depositors
These men, Messrs. Morgan, Harri
man and Stillman. so vilified, stand
higher In popular estimation In proper
ticn as the President stands lower"
The Gaulois Severe.
Another newspaper the Gaulois, cri
ticises President Roosevelt with a Sc
verify almost equal to that of the Mat
in.
| Placed ut the head of affairs ly &C
cident" 1t says. "Mr.. Roosevelt quickly
became an able politician and perveiv
!. ed that the overthrow of the trust