The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-12-05
STOCKS DECLINE IN LONDON
AOKPS GOING AND PRESIDENTS
MESSAGE DEPRESS MARKET.



h Special CabSs Dsspoieh to TIE SUN.
LONDON, Dec. 4.-The stock market In
depressed to-day in consequence OF the
fact that New York advices are unSavorable.
especially as regards the Presidential mes
age and the recall OF the Japanese Ambas-
sador at Washington, Marquis AOki. Amer
loan railway stocks declined considerably.
Southern Pacific dropped ~. Union Pacific
2H. Atchison ~ and Reading III. The
others declined from u to 1. COnsols fell q.
The Globe, in an editorial on President
ROOseveIt's message, says:
1T is tOlerably clear that the President,
alarmed at the effect Of Mis- campaign against
the trusts, has found it necessary to modify
the rampant virtue Of his attitude. He has
discovered that a reckless attack upon men
who, whether honest or dishonest, control
great interests and capital is in
evitably accompanied by a very serious
wrong to large numbers of perfectly inno-
cent people who are nothing but pawns in
the game"
The Globe, commenting upon the strik-
ing omission of any reference TO the
Japanese controversy. says
1T is unfortunate that President Roose-
welt 10 unable TO give ar assurance mitigat-
ing the emphasis laid on the need Of an
increase of the navy, the approaching
voyage to and the deficiency Of coaling
stations and docks in the Pacific.
at is doubly unlucky that the discovery
by the Marquis Aoki that his health OF ne
c~essities OF state require his temporary
return TO Toxic should be coincident with
the publication Of the Presidential message.
These facts are apt to suggest that the
difficulty between the two nations is not
in 40 fair a way of permanent reimbursement
rs was hoped.
The solution of the difficult problem will
not be helped by references TO an aggres-
Sive seagoing navy and It's powers OF
hard hitting"
The Globe concludes: we are perfectly
certain that the President did not intend
to he provocative. but wa cannO help say
ing that in view of all the circumstances
it would have been better if he had taken
more care to avoid that appearance
The Pail Mall Gazette say President
Roosevelt treats the crisis AZ a vindication
Of his own diagnosis and an argument in
favor OF his own remedies. Instead Of
placing himself on the defensive against
possible imputations Of responsibility for
the weakening OF public credit he boldly
adduces what happened as the best justin
cation of the Roosevelt policy. compiled
and presented in an edition of an EncyclO-
pedia Americana with special view to the
conditions Of u Presidential contest"
The EveRiag Standard says he Presi-
dents message has characteristics not
only -statesmanike," but of an election
eering quality. tits increased length and
its references to the far future signs may
be seen of an eye carefully fixed on personal
or national contingencies. The Evening
Standard, referring to President Roose-
velt's argument hat true defence is
securable only by hare hitting. says that
defiance is in no sense the purpOrt of the
message. but Roosevelt no doubt has
a possible enemy in his minds eye. and
1t is unfortunate that superficial signif-
canoe should be given to his language by
the temporary recall Of Aoki. Says the
Standard;
We are assured that it is purely
a matter of business. Let us hope that
the members of Congress when they awake
from their doze will not find a ridiculous
connection between the japanese business
and the Presidents. That would he too
nightmarish."