The Caucasian. (Shreveport, La.) 1900-192?, 1907-11-10
A F|NANC|ER' VIEWS
Chief Cause of the Money F'u.t'
In New York.
CORRUPTION IN HIGH PLACE.
Heads of Big Corporations Fail /
Their Duty to Stockhol ders-6-r
Strong and Business Conditions *
cellent-Constitution of Newest St1i,
By WILLIS J.. ABPOT

By WILLIS J. ABBOT.
! talke0 the other day with Il IAN.
recognized in Washington as the fr..,
fanancier Of the capital outside OF til
treasury department. From the Wi.
dows of his Office | could look out o.
the stately colonnade of that grA
granite building in which are kept tie
millions of the United States govern
ment and under the roof of which :.i4
housed the secrets of the relations, o.
the United States treasury with t,y
great banks of New York With hi1.
as chatted We're two former treasus~
officials who now are great bankers IL.
New York. for the road from the treas
ury to New York banks is very stratg,:i
and very easily travelled The bauke!
to whom was talking admitted vor.
frankly that the trouble in New Y0r.
was due to corruption in the mau4-
ment of corporations. He said, and
quote him as nearly literally as | can
from remembrance. that every corp9-
ration of great size and power Whigi.
has been subjected to an examination
of any sort has been proved to be fun
of corruption. From the time that the
Investigation into the insurance con.
panes of New York began until noH
when they are investigating Thomas /
Ryans merger. there has been an uniu
terrupted succession of revelations 0
dishonesty on the part of the manager
of those corporations. The banks O.
New York are not weak. AS matter
of fact, they were never stronger Con
ditions in the country are not peril0us.
Crops are good and prices high. But 3
few men of great prominence in TIE
United States have put their personal
fortunes far ahead of their individual
honor. Moreover, men who are intrus- :
ed with the management OF great c-I-
porations seem to put their own profit
ahead of their duty to those who gave
them such positions of trust and Of
honor. l do not believe myself thai
either newspaper clamor or the 'trus
busting activities of the presideD'
caused this collapse. The big tiDancie"s
who are suffering from it today ale
more responsible for ii than any OF"
else"
The Other Side.
AS against the point of view of tie
Washington banker may be offered Il
very. brief editorial from a New YORK
newspaper. the Sun. OF course it is
not fair, for the Sun is never fair. BCt
1t is clever, for the Sun is almost a
ways clever. No name is mentioned
but perhaps every one who reads The
words | now quote will recognize t.
whom they refer:
...He touched the dead corpse, Pub
lie Credit, and it sprung upon its feet.
us it to be said of another New
York federalist, infinitely more popi-
Ian and far more of a federalist than
Hamilton, that he touched the healthy
body of Private Credit and it became
corpse?
''Shal it be added that an adoring
nation cheered the miracle and nCr
INJURED with reverent lips: Hail Cac
sar. We who are about to bust salute
you
The Next New State.
The last state admitted to the Union
was Colorado in 1876. When it came
in 1t was by grace of Democratic votes.
1t was thought then that its three
votes in the electoral college would
be given to Samuel j. Tiden. AS. 4
matter of fact, when the presidential
election was held the Colorado votes
were cast against Tilden and for
Hayes. They did not determine thai
famous contest, for it required the
work first of the Louisiana returning
board and then that of the electoral
commission to make Hayes the first
OF the presidents who have been seat
I ed, though not elected. If you have
any doubt as to whether there We're
others. ask any public man how many
fraudulent presidents we have had III
! the last thirty years.
Probably before this letter is pub
lished the president will sign the act
giving to Oklahoma the right of state
hood. Democrats believe that the state
will be Democratic. but here in Wash
ington today are scores of politicians
from the territory the Republicans
among whom believe that If 1t is mace
q state it can be carried for the Re
publican party. 1t has seven electoral
votes. Personally don't believe that
there is any possibility of those votes
being given to any Republican candl-
date. Mr.. Roosevelt and MIR. Taft are
on record as opposed to statehood 9!
course Mr. Roosevelt will sign the en
abling act, but it will be remembere~
That he and all his appointees fougl'
against the adoption of the consttu
ton. that he said his opinion OF /
was unfit for publication and that NJ
Taft went to Oklahoma City for tat.
single purpose of urging the voters
oppose it and to vote it down. h
effect of Mr.. Taft's earnest endeaNoE
was the ratification of the constitute
BY a majority exceeding loo.00o an