Daily capital journal. (Salem, Oregon) 1903-1919, 1907-08-24
WALL STREET HOWLS
CONTINUED from page oneJ /.

gogic appeals of the Roosevelt pro-
poganda have been most luringly
and most effectively set forth with
deluding effect. The cheap promises
of destruction of the rich and pow
erful for the benefit of the poor and
powerless, have been the stock in
exhaustible in the Presidents quest
of questionable popularity. And to
these people the New York Journal
In the powerful epigrammatic sem
tences of its editorial of Thursday
on THE Bear and the Flies" shows
In paragraphs blazing with forceful
conviction, how destruction has been
wrought by the President, destruction
which will in the end affect balefully
the home of every worker in the
country
A History of Disaster.
The plain facts are these:
Mr. Roosevelt is possessed with
passionate mania for popularity and
publicity.
What money is to the CRATER, this
is to him.
Fed on IL to what should have
been satiation, by the enormous
popular majority at the last election,
like in the disease of gluttony, he
has only been inflamed with further
desire. Long ago he very cum
ningly concluded that the hatred of
the masses for the rich was the most
promising field in which to grow
poisonous product, which once tast-
ed, would rouse enthusiasm for him
to an enormous degree.
He began his attacks upon the cor
porations ostensibly for their regu-
lation, really for their destruction, as
a sacrifice to the people.
The attacks at first did little
harm but won unlimited admiration
from the people.
Persisted in they began to affect
the faith of foreigners in our great
business organizations.
The foreigners believed Mr.. Roose-
welt to be honest. Never before had
the ruler of great nation assailed
murderously its richest sources of
wealth and employment.
They became convinced that our
whole business structure must be
corrupt.
The attacks continued and the feac
grew.
Soon all foreign participation In
our underwritings and investments
was cut on.
Then followed fear among our own
investors.
The panic of March was the re-
suit.
Meantime, Influenced and made
crazy by the evidence of Mr.. Roos
velt's increasing popularity, other
politicians, large and small. began
violently to follow In his footsteps.
The drastic legislation OF tho
state was the result until hold-ups
and conflscatlons of trusts and rail-
roads were threatened and state and
federal courts clashed to the verge
OF conflict
notwithstanding all the trouble
evidenced, Mr.. Roosevelt persisted.
Enormous penalties inflicted for
technical errors, and foolish threat
ening utterances by inoculated cabi-
net members continued to frighten
capital.
The Roosevelt slump" OF last
week was the next result.
From the beginning the govern I
ment left no method unused to \
create the impression that all sue {
ressful corporations were dishonesty a
and the men In charge of a
them liars and criminals. 1r
The prices OF securities have brok- +
en- disastrlously twice In Ave months, d
as though there were no
bottom.
Millions of dollars In value have
been wiped out. rich and poor In Z
Sestor alike suffering. 4
That prosperity can survive condi- {
ions like this seems foolish to ex-
,ect. The great throbbing life OF
business has been stabbed in the vi n
ais. Can the other parts survive?
A reassuring statement from the
that oft-expected will OF j
he wisp of Wall street. can have lit
le weight now; the varying char
cter OF his utterances in the past j.
ave been of such contradictory ma
ure that what he might say again
lould be Intellectual. J.
II is the uncertainty OF what Is
aA ApafufafTa-