The Hawaiian gazette., 1907-09-06
ROCKEFELLER's
GLOOMY TALK

~.SHst tUIu
The plague cases on the Coast mar
ee the cause OF the financial inss,,u-
tions here tightening their pur.,
strings" remarked = business ma,
yesterday In speaking Of the Interview
with John d. Rockefeller. ''or u NAV
be the natural spread u money sgrln-
gency which attacks the mainland each
year and which tho administration N
trying TO avoid NJ this time. I have
q friend hero who on several oera-
sions has been permitted oy hls hank-
ers to overdraw 20 eonsiderahl-
amount because his securities yer.
considered good. and they are xooa
even now. but when he asked for n
loan OF thirty-five hundred dollars Ia.x
week he was Informed that while n
was regretted the bank could not
make the loan Another banker WA
sought but with the same result. the
answer 10 the request being. When
Us we naturally put on our coat.
The yearly vLsitations do not bote-
er Us as general thing 50 that an
inclined TO believe thai this strtn-
gency Is due to the troubles on ths
Coast and the demand for money
there
THE RoCKEFEILER INTERVIEW
CSew York Worldly
NEW YORK. August is.-Oa Tues
aay night. August Il. the Associated
Press ofiice In Cleveland sent out a
despatch through this service an
nouncing that Mr.. John D. RockeE-iier
had denied the authenticity OF a wide
ly circulated interview with him which
had been printed that morning. An
investigation shows that this repudia-
ton OF the interview did not come di-
rect from Mr.. John D. Rockefeller. and
was not authorized by him So far As
the Associated Press is able to dis
cover. the interview was perfectly ac-
curate and its publication fully au-
thorized-
WHAT ROCKEFELLER SAID.
Mr.. Rockefeller said in the interview
now admitted by the Associated Press
to be authentic:
The runaway policy OF the present
administration toward great business
combinations OF all kinds can have
only one result II means disaster TO
the country. financial depression and
financial chaos
The world already has a fair dose
of this since the extreme penalty i'm
posed on one corporation. with a lin
tied number OF shareholders. has caus-
ed loss of confidence. reflected in a
falling stock market. & tightening o.
money and fear OF the future The
newspapers are full OF this slump and
reflect the feeling of unrest They
ascribe it to but one thing.
ALREADY DRIFTING TOWARD
ROCKS.
What will be the effect when SINH
lar action is taken against corpora
tions with myriads OF stockholders
scattered throughout the country. the
investors, the widows. the orphans
There can be but one answer The
present situation viii be intensified
many fold II does not require an ex-
superficial thinker can do IT,
Il will go further and say today
that because of the Administration.
with its reports every five minutes OF
new actions and Of heavy fines. the
country is already beginning 70 drift
toward the rocks of financial depres-
sion
Confidence is gone. and confidence
is the basis Of all prosperity. WIKI
confidence established there can be no
stopping of the wheels Of progress
Without it all is al a standstsii
The investor. great and small locks
up his money and refuses 20 venture
forth.
II do not need your stock market
report, your editorials. your predictions
and forebodings to prove 10 Eyseif
the truth OF my words. have anoth-
er way of knowing absolutely way
which has never failed me in the long
years Of my business career. That Is
the way I am judging the financiai
situatiOn-from the attitude Os the
financial world toward myself Let
me illustrate.
There was a time not long ago. g.
fore the present runaway. hir or miss.
impulsive agitation began. that would
be called up on the telephone. say By
Kuhn, Loeb & Co.. say by Mr.. Nor
gan's office, and in terms asked II I
wanted 10 come in a syndicate. and a
certain allotment OF shares would be
given 10 me. but I was also told that
would have 70 make immediate an
swer. II my reply was that needed
several days for consideration, the
telephone receiver would be hung up
and in all likelihood when Z callei up
several days later and said I " uId
go in the syndicate I would be curtly
informed that I had lost my op7er-
tunity-that the syndicate had been
completed.
IS OFFERED SEVEN PER CENT
FOR LOAN.
What is the situation now2 I am
called and asked To participate IN
many syndicates. but in none OF them
is the time for decision fixed on the
instant. Instead OF the former atti-