The Denison review. [volume] (Denison, Iowa) 1867-current, 1907-09-04
TIP TO WALL STREET
President Replies To Appeals
For Stock Market.
GOVERNMENT NOT TO WAIVER
Determined "Rich MaIefactors" Shall
Be Punished.

at Provincetown. Mass. departed from
the printed text as furnished in adj
vance to the newspapers to make
direct referer ce to the present situa-
tion in Wall street. Noting the fact
that financial disturbance is world
wide. and holding it due. to matters
not particularly confined to the
United States. he nevertheless exc
pressed the opinion that certain
maIefactors of great wealth" have
deliberately caused much of the
trouble in an attempt to discredit the
policies of the government and there
by bring about a reversal
Then he declared with all possible
emphasis that no such reversal is pos
sible. at least for the eighteen re-
manning months of his administration.
During the present trouble with
the stock Market he said. 81 have,
of course, received countless requests
and suggestions. public and private.
that should say or do something to
ease the situation. There is world
wide financial disturbance. 1t is felt
in the bourses of Paris and Berlin.
and British consols are lower. while
prices of railway securities have also
deprecated. On the New York stock
exchange the disturbance has been
particularly severe. Most of it be-
lieve to be due to matters not partic-
ularly confined to the United States.
and to matters wholly unconnected
with any governmental action. but
it may we'll be that the determination
of the government. in which deter
mination it will not waver. to punish
certain malefactors of great wealth
has been responsible for something
of the troubles. at least to the extent
of having caused these men to combine
to bring about as much fnacncial
stress as they possibly can in order
to discredit the policy of the govern
ment and thereby to secure a reversal
of that policy so that they may enjoy
the fruits of their own evil doing.
That they have misled many good
people into believing that there
should be such a reversal of policy
is possible. If so. am sorry. but it
will not alter my attitude. Once for
all. let me say that. as far as am
concerned. and for the eighteen
months of my administration that re-
main. there will be no change in the
policy weshave steadily pursued. nor
let up in the effort to secure the hon
est observance of the law for. l re-
gard this contest as one to determine
who shall rule this government-the
people, through their governmental
agents. or few ruthless and deter
mined men. whose wealth makes them
particularly formidable. because they
are behind the breastworks of corpor-
ate organization.
wish there to be no mistake or
this point. 1t is idle to ask me not
to prosecute criminals. rich and poor.
But desire no less emphatically tc
have it understood that we have I'M
dertaken and will undertake no ac-
tion of v,ndictive type. and above
all no action which shall inflict great
or unmerited suffering upon the in
nocent stockholders and upon the pub
lie as whole. Our purpose is to
act with the minimum of harshness
compatible with obtaining our ends.
In the man of great wealth who
has earned his wealth honestly and
used it wisely we recognize a good
citizen worthy of all praises and re-
spect. Business can only be done
under modern conditions through cor
porations. and our purpose is to
heartily favor the corporations that dc
we'll.
''The administration appreciates
that liberal but honest profit for legit.
innate promoters and generous divi-
dends for capital employed either ir
founding or continuing an honest bus.
mess venture are the factors neces.
sary for successful corporation &C.
tivity. and therefore for generally
prosperous business conditions.
All these are compatible with fair
dealing as between man and man ant
rigid obedience to the law. Our ain
is to help every honest man, every
honest corporation and our policy
means in ultimate analysis a healthy
and prosperous expansion of bushes.
activities of honest business men ant
honest corporations.
Charter Oak Times Marc Cavett
says he can beat the professionals am
day selling real estate. The Ise.
minger farm where he lives has beel
on the market for several years. bu
was not sold. Last Friday Angus
Namanny went over to call on Mr.
Cavett. and they got to talking abou
their lands. Before they separated