The daily morning journal and courier., 1907-03-12
ALARM GROWING. J. P. Morgan Makes Hur- ried Visit to Washing ton and Confers With
 the President.
R. R. SITUATION DISCUSSED
FINA NCIER SUGGESTS THAT SOMETHING MUST BE DONE.

Roosevelt Agrees to Confer With Four Leading Presidents, Messrs. McCrea of the Pennsylvania; MT. Newman of the New York Central; Mir. Mellen of the New York, New Haven and
 Hartford and MT. Hughitt of the
 Chicago and Northwestern - VIII
 Discuss What steps Can be Taken to
 AIlay the Public Anxiety Now
 Threatening to 0bstruct Railroad Investments and Construction So
 Much Needed---AIsO, Especially the
 Relations Between Roads and Gov
 ernment.
 Washington, March 11.-J. Pierpont Morgan the New York financier, came to Washington in his private car to- night, and went immediately to the White House, where he was in confer ence with President Roosevelt for more than. two hours. The object of MT. Morgan's visit was to urge the presi- dent ito take some action to 'allay the public anxiety now threatening to obstruct railroad investments and con- structi1n" MT. Morgan pointed out to the president that the financial inter- ests of the country are greatly alarm ei at the attitude of the administra- tion toward corporations, and particu- larlyHhe railroads.
 At Mir. Morgan's earnest request President Roosevelt has agreed to have a conference with four leading railroad presidents, Messrs.s McCrea of the Pennsylvania; Newman of the New York Central; Mellen of the New York, New Haven & Hartford, and Hughitt of the Chicago & Northwestern, to de- termine if some agreement can be reached as to tho relations between the railroads and the administration. It is probable that E. H. Hartman, head of the Hartman lines, may also parti- cipate in the conference, which, it is understood, will take place at the White House some time the latter part of this week.
 After boarding his train shortly aft CT midnight to return to New York, MT. Morgan dictated to the Associat- ed Press the following statement:
 At the request of many business men, before leaving for Europe, came to Washington to see the presi- dent to discuss the present business situation, particularly as affecting the railroads. I suggested ito the president that it would be greatly in the public interest if he would see MT. McCrea MT. Newman MT. Mellen and MT Hughitt, and confer with them as tc what steps might be taken to allay the public anxiety now threatening to ob- struct railroad investments and con- struction, so much needed, and to es' pecially allay the public anxiety as tC the relations between the railroads and the government. The president said ne would be glad to see the gentlemen named, with this end in view
 B. F. Yoakum, chairman of the board !. of directors of the Chicago, Rock IslanC and Pacific railroad, who had an inter view to-day with President Roosevelt and members of the interstate com merce commission regarding the rail road situation, told President Roosevel that the agitation and legislation il various states regarding two-cent fare and the reduction in freight rates hav' made it almost impossible for the rail roads to negotiate loans on their secur ities. He declared that "the railroad men are willing that the supervision O the railroads be centralized in the na tional government.
 "That," he added, would restor confidence and give the people to tn derstand that the railroads wish to ob serve the laws, and it would stop tn hostile legislation in various states"