Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1907-10-09

chance to reach the White House with
the case il the much heralded business
! depression should assume large ppro-
portions. Signs that hard times are
| approaching are not wanting in the
east. 1t is not so much the falling
markets in Wall street as the daily
reports of business troubles which are
disturbing to sentiment. A million
dollar distilling company recently had
difficulty in placing a loan of $780,
although the collateral offered was the
very best. The banks simply pleaded
the lack of funds for even their imme-
date customers. Nor does the closing
down of some of the mills of the steel
corporation tend to bear out the op-
timism of Judge L. II. Gary's opinions
about the outlook. 1t is well known.
however. at least in Wall street, that
Judge Gary's predictions about the
state of trade are as unreliable as the
advices of the late firm of John ".
Gates used to be on the future of the
stock market The latter is still in a
state of blue funk and in spite of the
attempts at cheerfulness which some
OF the financial writers are making
there is really no reason to expect any
improvement, at least not this year or
perhaps next year, certainly not any
Improvement Of permanent nature.
One of the main reasons for this opin-
ion is that the great operators have
had complete falling outs in recent
months. Jealousies, conspiracies and
minor combats have been famed into
one huge conflagration and no one can
foresee how much each high financier
will be willing TO tell on the other
Thomas Fortune Ryan and August
Belmont are preserving the appear /
ances of entente cordiale but il is well |
known that beneath the surface all |
kinds Of trouble is waiting for a chance |
to come boiling out. That chance may !
be the investigation of the traction /
combination by the grand jury, which |
is bound to come. The general opinion |
Of the average man seems TO be that |
Belmont viii then have his revenge on |
the Ryan interests. All those who have |
on different occasions chal- |
lenged the legality. righteousness and !
of Ryan's methods are con-
WINGED that if the courts are willing |
and the district attorney does his duty |
rights of the stockholders as well as
the public viii be avenged where alone |
will satisfy
II the fight between Stuyvesant Fish
former president Of the Illinois Cen
trail, and Z. II. Hartman. who ousted |
him from that presidency, there is q |
curious social ENHANCEMENT. Mrs.
-. v
leader. Mr.. Hartman has social am
bition. not for himself. but for his |
daughters. who have so far not sue
ceeded very well in the act of climbing |
The social ladder. II is said on very !
good authority that Hartman wanted
Mrs. Fish's help but that the fastidious
Mrs. Fish did not listen with much
Sindliness to the Hartman overtures.
Hartman then turned to the younger
element in the social pool. He madej
friends with Cornelius Vanderbilt and
Robert Goclet. Both these young
'cions Of notable families were anxious !,
10 increase their fortunes and they Z,
'eadily agreed to Harriman's PROPOSE
ion. II was TO be millions for them
md society for Harriman's daughters.
Vanderbilt and Goelet and half a dozen
'thcr rich young men made large for
unes in the rise of the Hartman
tocks but they made the fortunes on
,aper only. They overstayed their
market and finally so the story runs. )
rad to go 10 Hartman for help. Har-
imam dug into one of the dozen rich
reasuries over which he has control
md now the young men are all in Mr..
Iarriman's debt and therefore have to
emain loyal to the magnate whatever
heir sentiments may be. J.R-B.