The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-11-29
'LAWSON'S WAY OUT.
He Addresses a Public Statement to
the President

Boston, Nov. 29.-Thomas w. Law
son has issued a public statement adj
dressed to President Roosevelt. He
gives his views on the financial condf-
ton, the cause and his "eure,'' which,
he asserts, will restore public conf
dence and place the blame where it
belongs The statement contains at
the opening twenty items in which
Lawson charges that the system is
responsible and that it is now plan
ming the downfall of the president by
forcing him into an untenable posi-
ton He says that the people of the
country will demand the reelection of
Roosevelt and that the system
wanting to defeat this has decided
upon general discharge of labor.
They will give as a reason their in
ability to finance their work because
of the lack of confidence which the
president has caused by reckless acts
and talks, he says.
He says that the System" was
forced TO ask his cooperation and re-
vealed its plans to him upon his own
terms. He says that the system has
loaded up the banks and trust COM
panies with worthless. or practically
worthless securities, and is compelling
the banks to carry them, but that the
disaster which can only be delayed by
the new currency move under consid-
Grafton, will be all the greater when it
does come, as it surely will. The peo-
pie will demand to know exact condi-
tons, he asserts, and immense sums
will be withdrawn from the savings
banks when the 6O-day rule against
expires.
In the third part of his statement
Mr.. Lawson cites several instances in
support of his charges. One of these
is that on the second day of the furry
Is million dollars in CURRENCY was
taken from conservative bank to a
trust company and paid out to de-
posftors. Toward the end of the state
ment he gives his ''cure," which. he
says. is the only way to restore public
confidence. 1t is as follows:
BY the exposure, now, of the losses
suffered by the repositories of
the people, and the assumption of these
losses, by those who are morally respon-
slnle Tor them, if such is possible, if
not, by those legally responsible for
them. There is only one practical way
Tor this to be done, and that way is for
you the one man in whose honesty,
wisdom and courage the American peo-
pie and the thinking people of Europe
have unbounded confidence to appoint.
m your capacity as president if it can
De legally done-if not officially, per-
for public opinion will over |
support you in such a move
"a board or committee of five or six |
men of unquestioned character and in
such men as Governor
hughes of New York, and Governor
Johnson of Minnesota. and have these |
men at once hold public court on two
questions:
First, the actual condition of the
great banks and trust companies of the
and second, whether the con-
rollers of the great institutions. such
Is railroads, steel trusts the Amalga-
mated copper trust and the beef trust
snail turn over such control to new
boards, composed of representative
public spirited men,
If the controllers whom your board
VIII IND doing wrong should be dis
missed and refuse to resign they will be
ieposed by the courts on the evidence
unlimited by your board or dismissed
W the stockholders of the corporation
md the substitutes recommended by /.
our board will at once be put in con-
roll