The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-10-31
Representative Gillespie,
Of Texas, Arraigns the
Administrations.
HELPS BROKERS
AND NOT FARMERS
Mr.. Roosevelt Accused OF Rush.
ing to Rescue Of Undesirable
Citizens and Stock Gam
blers, and Letting Legi-
ti,nate Business
Suffer.

Suffer.
| Times-Dispateh Bureau,
4 Munsey Building.
| Washington. .. c. Oct. 30.
l Representative Oscar II. Gillespie OF
Texas, is the first Democrat TO givs
intimation that his party In the new
Congress- will make all possible politi-
cal capital out OF the ostensible effort
OF Secretary Cortelyou to relieve tho
distress OF Wall Street, declaring It an
extraordinary exposure OF the weakness
OF the Republican financial policy, and
worse
slow monstrously absurd the situa-
tion is,' said Mr.. Gillespie to-day.
THE President down South. particular
" at Nashville, still provoking popu-
lar execration Of the men He has de-
nounced as undesirable citizens and
wealthy NEUTRALITY-SUSPICIOUS. Nor
gan. Rockefeller. and the others-eud
his Secretary OF the Treasury pouring
25.000.O00 OF the peoples money into
4 the Golfers Of institutions controlled
by these very same men, giving them
the use of the peoples money for moth
Ing, while the heroes OF Wall Street
l get from 8 per cent upward for the
use of theirs.
"And after the deposit of this 326,-
4 100000 into the Morgan Hartman
Rockefeller banks. the gentlemen so
into the stock market, shaking the
twenty five millions into the face of the
world. saying: Wen buy stocks and
bonds.
Goes to Aid OF Gamblers.
What Is this but using the peoples
money in the stock market OF New
York, and that when securities can bcs
bought at much less than their total
value?
ut seems to me case directly in
point OF the government going to the
Y aid OF the stock EambIsrs Of New York.
\ .Of course. we are told In justihca- e
j tion of the affair that New 7 ork is the
money centre OF the country. and that
}Irelieve the situation allSover the cpun-
sItry. Look at the facts disclosed within
4 the last few days. The banks already
had $171,000.000 of the governments
money. Thirty millions more are sud-
Idenly given to the banks OF New York.
|by the government. IS
Did those banks relieve the situation
4 all over the country? Certainly not.
The banks of entire sections are clos
ing, being given holidays by Governors
of States and Territories, and money
Is withheld from cotton, wheat and to-
baccO farmers and live stock ratsers.
simply because no relief can be had
from New York. & &
Farmer Sacrificing Crop.
Think OF another phase Of the situa,
,tion: Millions poured into the vaults
|of the banks to relieve the stock mar
ket. and we are told stocks and bonds
y - f0v>v r{s
forced to put his products upon ths
market with the prices falling steadily
-driven to sacrifice, when but for the
Wall Street panic they would be sell.
ing their stuff at good prices.
"The honest producing class can get
no relief. All the relief afforded BY
4 the government and the Roosevelt adj
ministration goes to the rescue OF the
embarrassed epeculators In New York.
Will anybody wonder that these 'uli-
desirable citizens have becn ready to
lcontribute vast sums to the campaign
committees of tho party in power. as
they did to Mr.. Cortelyou's committee
lin 1904? s3 n sy ifa
"Why does not the mighty pros
perity-making pingley tariff save the
day, instead OF having Uncle Sam. held
Eup? Or is the money derived from
the precious schedule to be piled up In
the Treasury to be used When the head
of tho department. sees At to join hands
with Wall Street to save 1t from itselfr-
from It's own blunders and the results
1 Of Its dishonest methodist yF5
Lower Tariff mn Remedy.
.The remedy. without straining in the
[least for something strange and new
and novel to attract votes, Is extremely
simple. Reduce the .tarilf to a.rey-a
lenue basis strictly and forco the Treas
Jury OF the United States to keep out
OF Wall Street, In the meanwhile giving
the country an honest law-abidlng.
law executing goyeInment. Lat the
stock gamblers look out for themselves
land the devil take the hindmost.
"It is even proposed that In further
ments for Wall Street. large sums OF
money to the credit OF the disbursins
officers OF the government are to be
Withdrawn and held subject to tho
needs OF Wall Street-not to aid the
country's legitimate business, which
Ihad In nowlse suffered before the panic
but to put fallen Wall Street cons
Germs back upon their feet 4.
"This disbursement none Is needed
/ In the daily transactions OF the goy-
ernment. to pay out to It's servants
and the patrons OF the governments.
| to whom 1t is honestly ndebted. These
are to be subjected to delay and en-
1 sbarrassment In order that Wall Street,
to whom the government owes moth.
ing. may be cared for and favored hrst
Of all. Use the disbursement money
for such d purpose? venture to pre-
dict that they will dare to do no such
i thing. s 4 IL
"But is II not. indeed, beautiful
and Affecting spectacle? Morgan, Har-s
i riman, Rockefeller and the others
I congratulating Cortelyou. President
Roosevelt patting Cortelyou upon the
back. and above all. feltcitating all
!. the actors In this supremely lovely
\ Ibuslness.n
Judge witt out Of Town
4 Judge Witt. OF the Hastings Court, weat
A 10 Charlottesville yesterday to attend the
i funeral OF q relative. In his ahsapca to-day
Judge insram viii preside over shs Huss'