Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1907-11-28
WASHINGTON LETTER.
0roa Our Regular oorrsasponasnL)

The break down Of the financial
and economic policies Of the Repub-
lican party and the attempts to stay
the panic with issues Of go, 0O0. 900
bonds and 900. 600. 900 certificates
Of Indebtedness In the oil absorbing
political news. In ordering this
vast issue Of bonds and certificates
after consultation with several i'm
portant financial interests who ex-
pee: 10 make millions on the deal,
President Roosevelt has more than
ever shown his bias towards the
money power" have undoubted
authority from an authentic source
for saying that Q telegram from New
York signed "B" was received very
early In the morning Of November
18th by Q high oficial Of the Riggs
National Bank-a Rockefeller institu-
tion-stating In substance that the
sender had seen Mr.. Corey and Mr..
Stillman. and they had information
from Cortelyou that the President
had not yet seen the light" and ad-
vised seeing Cortelyou at once as
unless the President acted quickly
for the relief Of the money marxet
the panic would be beyond control.
What did Mr.. Corey OF the Steel
trust and Mr.. Stillman of the Rookie
Teller bank say TO Mr.. "B"on NCvem-
Der l6th2 that caused him to tele-
graph to his friend In Washington
And what did B friend in Wash
inRton say % CortelyOu on Saturday.
November 18th. The answer TO
these question would throw a flow
OF light on the hasty action OF Roose-
welt and Cortelyou during Saturday
and Sunday, November 10th and
18th. Let there be light. 1t looks
as il Corey and Stillman represent
ing J. P, Morgan and John D. Rookie
TELLER were responsible for the ex-
traordinary action OF the Preside t
aud Secretary Cortelyou in issuing
bonds and certificates OF indebted
ness.
The issue OF bonds and certifica-
ties was decided upon very hastily;
for although the bond issue had
been proposed for some days, the
issue Of certificates was evidently
not ordered until the Rockefeller
bank Official had presented to the
Secretary OF the Treasury his press
ing demand for immediate action by
the President.
Democratic politics has doomed up
large this week. The invitation for
an informal meeting Of the National
Committee in Indiana for consulta.
ton; the conference OF Eastern and
Western Democrats in Michigan
and the announcement Of Mr.. Bryan
that he 10 now In the field as q can.
didate for President, are the most
important events. Regarding Mr..
Bryan's candidacy the only thing
for Democrats TO consider is bis
availability; and that depends upon
whether he can carry enough OF the
doubtful states TO be elected. A
majority Of Democrats in every state
in the Union may wish to see Mr..
Bryan elected President, and vet
he may De far from the goal. unless
he can command the whole party
vote. A small detection in New
York, New Jersey and other doubt.
full states would defeat Mr.. Bryan
or any other candidate although he
would have large majority in the
certain Democratic states. The
managers Of Mr.. Bryan's candidacy
seem to shut their eyes to the fac,
shat IL requires q majority OF the
electoral vote Of ell the states tc
elect Q president. They have ap.
parently vague hope OF q political
revolution in the Western states
which would turn enogh states from
their Republican mornings to give q
majority in the electoral college. Is
there any basis for such hopper Out.
side OF Oklahoma, which is strongly
Democratic, the only western state
that appears to be veering towards
Democracy is Minnesota, and that
would seem to be entirely due to the
personal strength OF Mr.. Johnson,
the Democratic Governor, for all the
Republican state officers were elect.
cd and the legislature was largely
Republican. In 1900 Mr.. Bryan
lost the state by over u, 900.
Can Mr.. Bryan carry his own
stater IL 10 to be feared he cannot.
for he lost ID by 1922 in 1900 and il
has been steadily retrograding since
that eventful campaign. Montana
is naturally Democratic and shou ID
be carried for the Democratic ticket.
whoever is the candidate. Nevada
is an uncertain quantity in couse-
quence Of the influx of miners, who
are mostly Socialists. but it can be
counted as doubtful with Democra.
tic lesninRs. The Populist vote in
all Aho Wo.Ao.