Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-11-04
.F|NANC|ERS CALL
ON THE PRESIDENT
important Conference Held at
White House.
MESSRS. GARY AND FRlCK
Call and Secretary of State Root Was
Sent For.
NO EXTRA SESSION LIKELY
Secretary Cortelyou Will See the
President Today and Latter
10 EXTRA SESSION LIKELY
Secretary Cortelyou Will See tho
President Today and Latter
May Make Statement.

a very important conference on the
present financial and business situation
was held a the White House this morn
ing. For nearly two hours while Vice
President Fairbanks and a number of
senators were waiting the President con-
ferred with E. II. Gary, president of the
United States Steel Corporation, and
Henry c. Frick, the Pittsburg millionaire
and steel man. After Messrs Gary and
Frick had been with the President some
time, he sent for Secretary Root, and the
latter took part in the conference. At
the conclusion of the talk the steel mag
mates entered common street cab which
they had undoubtedly used to disguise
their visit. and returned to their hotel.
only one newspaper man saw them, and
to him they courteously declined to say
d single word. They declared that it
would be impossible for them TO talk
about their conference or to Indicate
whether the President proposes to take
any action at this time that may help the
financial situation.
There is a suspicion that the steel mag
mates took part in the Observation-Disclosures
conference of big-moneyed men in New
fork last night, ond that they took a
late train. as representing the interests
mat were present. AS to this, nothing
other feature of the call
No Extra Session of Congress.
suggestions have been made that the
President call Congress in session--but he
Is not disposed to do that. By the time
Congress has acted. if it could really act
SO as to accomplish anything the crisis
would probably be over
Ihe President is revolving in his mind.
1t Is understood what he can do. He wiIi
advise with his cabinet officers and NAV
reach conclusion in the next few hours.
tomorrow viii be election day In New
YORK, and the stock exchange, banks and
large business houses will be closed Any
statement made tomorrow would be read
oy the people Of the country before the
opening OF business Wednesday
Secretary Cortelyou will confer with the
President this afternoon or tonight before
the President leaves.for Oyster Bay. and
some decision will be reached as to what
If anything. can be done. Mr.. Cortelyou is
having his hands full in his own depart.
ment. lie Is being urged from all parts of
tne country. notably from the west, to
place further deposits of government
money with banks. Minneapolis and other
business men are expected here any hour
to ask that $1O,C0O,OO0 OF government
money be placed in banks to aid in NOV
ing the wheat crop. Mr. Cortelyou is ma
Die to comply with such requests because
the Treasury is no longer able to do so,
having placed all the available cash in
lts vaults In New York at the inception
OF the troubles there.
No Attack on CORPORATIONS.
1t is declared that the government does
not contemplate any attack on the United
states Steel Corporation at this time or
In the near future. Six or eight months
ago the bureau of cornor,tions b.