Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1907-03-16

Action Desired to Avert What 10 Term.
Cd Threatsnsd Disaster.

| Cd Threatened oIsastsr.
Washington. March 15.-For mors
than forty-eight hours the white house
land the treasury department have been
pded with appeals for Presiden,
Roosevelt and Secretary Cortelyou "a
take some action to avert the threat
ened disaster In the financial and rail.
road world" II is stated authori.
tatively. however. that President
Roosevelt will not change his attitude
toward the railroads. though II IL ad.
mitted that the administration has no
intention OF entering In upon an ex
tremely radical attack on the railway
corporations.
While II Is known that the visit Of
J. Pierpont Morgan to the white house
last Monday night to induce the
president to issue . reassuring state
ment 10 the country In regard 10 the
administration attitude toward the
railroads and corporations and the ap-
parent failure Of the financiers' ap
peal. has had much to do with tho
panicky conditions that swept over
Wall street lately. President Roose-
welt has repeatedly said that he Il not
an enemy Of the railroads and that
those who obey the laws have nothing
TO fear from the government. While
II has not been definitely decided. the
president may Issue a statement out.
lining his attitude after he has confer
red with President McCrea. Newman.
MelIen and Hughitt on the railroad sit.
uation.
The conference with the four rail.
road magnates. which was agreed 10
by the president nj the earnest request
Of Mr.. Morgan will he held In the
early part Of next week. II In gener.
ally understood that the railroad Of.
ficiais will urge Mr.. Roosevelt TO take
some steps TO "allow the public anx.
iety now threatening TO obstruct rail-
road Investments and construction.
and as 10 the relations between tho
railroads and the government"
Since Mr.. Morgan's hurried trim TO
the white house the president has held
numerous conferences with Chairman
Knapp and members OF the interstate
commerce commission In order that he
may be In n better position TO present
the administrations side OF the Ques-
tion when he meets the railroad pres
dents next week.
The administration II confident and
firmly convinced that the great unrest
In financial circles has been brought
on by the arguments advanced by the
railroad interests In trying to prevent
hostile Legislators" In the various
states. and by thu attitude that the
federal government has taken to on.
force the laws Regulating the common
r. II. Hartman. when he was In this |
city reccntly. and President A. n.
Stickney OF the Chicago Great West
ern. who called AZ the white house.
have oppressed the same opinion.
In Ms Interviews with the members |
or the Interstate commerce commits. |
sion the president Is terrifying himself |
with regard TO all the facts that body |
has disclosed during It's various inver.
LEGATIONS In this way he win be able
TO meet argument with argument and /
fact with fact. The president n IS
known. takes the same position assum-
ed when he sent his message 70 con.
vress last December anil called atten.
lion TO the fact that "darlng the last
live months" within which the new
law wns imperative AT that time"
he railroads have shown increased
earnings and some Of them unusual
dividends.
This. The president believes. refmes
he claims OF the railroads at the time
hat the new law would ruin them and
'mphasi7es the fact thai rate lcgIsla.
Ion. either by Federal or state gov.
'rnments. Is not the cause OF the pres
mt panicky conditions.