The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-11-01
gMY POLICY" RULE and RUIN
ROOsEJ ELT'S GREIT PASSION
DECLIRED TO me- P0nE
SshH ". NIins ASSERTS That the PFrsIdgnt
ptrSSha M Restraint " Party. IAw ~
G~Wnsiltutloa -psstus liim N~sspoRstbte
Tor the lprrurnl h1naprtnP TFoubln.

Alllng. president ~ the Security ffre In.
surancs Company &c this city. president
Of tho New Haven County bar Association
= Director In several New Haven hanks
and one Of the foremost lawyers Uf Ton.
nectiCut. made an attack on President Roose
velt tonight NJ the annual banquet ~ ths
New Haven Economics club. which has
among its members all the leading business
men OF New Haven.
MIR. Alling In also president 81 tho Eco
nOmics club. Henry Clews. the New York
banker: Edward -. Whitney ~ New York
who was Assistant Attorney General OF
tho United States under President Cleve-
land. and Attorney John Agar ~ New
York. we're among the speakers. Mr..
Alling pat the responsibility for the recent
financial disturbance in New York and
elsewhere right up 10 President Roosevelt.
He spoke in part rs follows:
My policy not necessarily that of the
Republican party. but my policy for the
carrying out % which I am pledged dur
ms my term and shall see Ia IL that my
successor shall I've a President who will
also carry it out. ia that the Federal Cove
srnment shall have aud exercise the power
to control. rsguiHtc and - strain large bust
ness wealth engaged in interstate com
merCe.
President Roosevelt IL alone responsible
for raising this railroad rate question. II
was not a plank in the Republican plat
foTn, IN the Senate il did not command
a majority Of the Republicans. In the
senate COMMITTEES the Republicans and
Democrats combined against it. and this
Rooseveltian measure was intrusted to a
Democrat. Senator Tillman. The over
whelming pOpula-i; Of President Roose-
welt jamned II through.
Now THAT has been the result? From
the instant it appeared likely that the power
70 fix rates was to be taken from the rail
roads and put into the hands Of commits
Rioners in the interest 81 the shippers. corn
m~issioners every one Of whom could be re-
moved at once 10y Mr.. Roosevelt. the value
Of railroad properties began To decline and
their credit to disappear. Railroads are
obliGe TO stop improvements. Their power
l.. mise rhe necessary capital has vanished.
The havoc wrought by this Roosevelt cru
sade against railroad capital runs up into
the billions Of dollars. II affects hundreds
NJ thousands Of individuals. every savings
rank every benefit society. every fire or
life insurance company, and through these
AOurCeB the whole community, and this so
called statesman. President Roosevelt, not
content will the havoc already wrought,
IL determined that Congress shall still fur
ther regulate. control and restrain rail-
roads.
"Prcsident Roosevelt has shown himself
bitterly hostile to large corporate wealth.
His aim has been to break Il up. He has
disdained all party policy in his grand.
lofty way. IL has always been my policy
The constitution has not stood in his
way
-'This is not the statesmanship OF a con-
atitutional President. II liz a revolution
and a substitution of absolutism under
q PRESIDENTIAL monarchy
President Roosevelt has assumed that
he IL the United States Government. IL
Ia true he is immensely popular with the
masses. So we're the leaders of the old
crusades against the u~nspeakable Turk.
They did not do much harm 10 the Turk
but they brought untold misery on their
blind followers Mr.. Roosevelt is essentially
like those old crusade leaders. powerful.
rOgan conceited. with "A haloo of heavenly
inspiration, "A born leader bound by no
party ties. himself the whole thing in search
Of valiant deeds. claiming - supernatural
power TO detect and uncover and punish
the wealthy malefaCtor. lowed IA he
thinks. by the whole people.
He ia the most dangeTo MS force to con-
stitutional liberty that h as ever existed
in this country. He has tn ken the press by
the nape of the neck and TO "a great extent
forced Il Ia do his bidding.
VIGOROUSLY. President Roosevelt does
not respect the independence of the jul
uICIhTXs III Nv kh0hb WOW NbIh tIItDlb
two OF the three Judges of the Circuit Court
Of Appeals are of his appointment. His
ACKNOWLEDGMENT, a man after his own
heart, was by him appointed TO the SUI
preme Court of the United States. In the
great circuit which embraces Chicago
his District Attorney, Bethen, and Judge
Kenesaw Mountain Landis are Roose-
veltian. There is no accident in these APP
p~ointments. President Roosevelt does not
conceal that his object is to bring about
such a judicial and final constru ctio on Of
the Federal Constitution as will give the
United States power 10 regulate control
and restrain all the business wealth of this
country, and clearly he expects to succeed
by the educational process Of appointments.
The secret Of MIR. Roosevelt's character
ia a tremendous personal love Tor power.
He Is the most arbitrary. the most arrogant
man in the United States. He thinks he
can manage all business better than its
owners can. Jack Cade. 500 years ago,
promised the same. Even he'll is paved
with good promises and intentions.
Three billions Of dollars il an awful
price to pay as a first instalment 10 get
rid OF Theodore Roosevelt and My Policy
II will take a long time to clear this matter
up. But in the end we shall go back To the
doctrines Of our fathers that that govern
ment governs best which governs the least.
What is needed il the minimum OF law and
the maximum Of publicity.
The admitted and long continued in
capacity OF the United States to success
fully regulate the banking business ought
to be a warning against extending that in
capacity TO other fields of operation. No
other nations have such spasms Of 20. 50,
IS and 100 per cent. money as we have had
for two generations.
Nobody can question the enorm ous
effect OF the universal impairment and in
jury to our credit. bringing on the recent
panic. or question the direct and cogent
work of President Roosevelt in bringing
on the general impairment of credit.
There has been no financial scandal at
taching 10 any Of the wicked malefactoTs'
about whose heads President Roosevelt
has been brandishing his big stick. There
have been only three large public scandals.
The Consolidated Gas of New York. the
life insurance companies Of New York and
the traction system in New York.
-In neither OF these has President Roose-
welt taken any part. nor could he. Goa
solidated Gas has come out triumphant
in the report Of the master appointed by
the court to ascertain the facts. / have
no doubt Of the result Of the pending trial
upon that report. except that as / notice a
new Rooseveltian Judge is to decide the
case.
1T is about three years ago in a stirring
speech AT Raleigh. N. G.. that Mr.. Roose-
welt startled all thinking people by the
proposition that the United States should
---nl.ea .~aa-,l and raatrafn The Iar.a