Los Angeles herald., 1907-08-29
SAY BONAPARTE TALKS E
TOO MUCH FOR OWN GOOD
CABINET OFFICIALS cRITIcISE
ATTORNEY GENERAL
Declare His Frequent Interviews Are
Having Bad Effect Upon
the Finances of the
Country

WASHINGTON, d. c., Aug. 2S,-"Put
a muzzle on Attorney General Bonaparte'
has become the cry of the industrial and
financial interests suffering from the wall
street slump, Prosecute any and all law
breaking corporations, but stop the flood
of indiscriminate talk which confounus
the honest with the dishonest and creates
an agitation which affects not only i'm
mediate values but will have renex
action upon the prosperity OF the country
as whole
There is reason to believe a number OF
the members of the cabinet are in entire
sympathy with the view that the head
of the department of justice should not
indulge in so much loose talk. Secretary
of the Treasury Cortelyou, for example,
is one of the men who believe the less
said which disturbs industrial ana
financial affairs the better; and he has
lived up to this rule since he first ems
tered the government service.
Secretary Taft declines absolutely TO
grant interviews on economic questions
though it is we'll known he wants. as the
president does a vigorous prosecution OF
all law breaking corporations and insists
that those which have not infringed the
laws have absolutely nothing to fear
Keep Eyes on Wall Street
In spite of the denials, 1t may now be
said that at Oyster Bay the other day
when Secretaries Root and Taft and
Postmaster General Meyer saw President
Roosevelt the financial situation was con-
sidered and the president made the state
ment that stock fiurries would have no
effect whatever upon the policy of the
administration, which will continue the
prosecution of every violator of the law.
But because the president is insistent
upon the prosecution of the law breakers
1t must not be believed, as Wall street
alleges. that he is not following with the
closest attention general business con-
ditions throughout the country.
Acting Secretary of Agriculture Hayes
says reports to the agricultural depart
ment show that crops are fairly satisfac-
tory.
son the WHOLE he continued "indica-
tions are that prosperous conditions will
continue. For the last ten years, be-
cause of increased acreage and better
farming methods great impulse has been
given our agriculture, and in spite of the
late season l am satisfied there VIII be
an average CROP
Since the beginning of the fiscal year
the treasury has seen an increase in ex-
penditures over receipts by more imam
Sc. 400 900. but this is regarded with
eouanimity, for the reason that there was
an immense surplus almost 600.
left over from the last fiscal year, and
Mr.. Cortelyous problem is to get rid OF
as much of 1t as he can. Because of the
large amount of money in the treasury
the secretary proposes to stand by the
decision he made couple of months ago
not to issue any more Panama canal
bonds, Money for the construction OF the
canal will be disbursed from the treasury
direct.
The treasury is in a splendid condition
to 20 to the relief of Wall street in case
the present furries develop into a panic
II is known to the department that Sec
rotary Cortelyou is in constant touch with
the New York sub-treasury and will grant
relief whenever 1t is required. When at
the head of the department Leslie M
Shaw annually granted additional de-
poslts to the banks in September for the
movement of crops and later provided
other assistance For a time it was be-
lieved Mr.. Cortelyou held the opinion that
money for this purpose was unnecessary,
but investigation is said to have satisfied
him the custom is 1ustidable and he will
adhere to 1t. In this case It is expected
he will make deposits throughout the
country, so that Wall street alone will not
benefit by the governments action.
But MIR. Cortelyou does not want his
hand forced 1t is understood here that
he deprecates any talk disturbing to
financial interests.