Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1907-08-29
CAN'T SCARE NE,
SAYS ROOSEVELT
President Issues Def to Over.
Capitalized interests, Declar.
ing He Stands Pat.

Provincetown, Mass, Aug. 23.-Presi-
nent Roosevelt in his address here
yesterday departed from the printed
text as furnished in advance to the
newspapers to make direct reference to
the present situation In Wall street.
Noting the fact h a financial distur-
Dance Ia worldwide. and holding 1t due
to matters lot particularly confined to
the United States. he nevertheless ex-
pressed the opinion that certain male
factors OF great wealth have deliber-
ately caused much Of the trouble In an
attempt to discredit the policies Of the
government and thereby bring about a
reversal.
, Then he declared with all possible
emphasis that no such reversals Is DOS
sible. at least for the eighteen remain
Ing months OF his administration.
During the present trouble with
the stock market" he said, II have. OF
course. received countless requests and
suggestions, public and private, that
the situation.
World-W Wide Disturbance.
There is a worldwide financial dis.
turbance. 1t 10 felt in the bourses OF
Paris and Berlin, and British consols
are lower. while prices Of railway Sc
curities have also deprecated. On the
New York stock exchange the distur-
bnnce has been particularly severe.
Most Of 1t l believe to be due to matters
not particularly confined to the United
States. and to matters wholly uncon-
nected with any governmental action.
but 1t may be that the determination
of the government. in which determine
ton 1t will not waver. to punish Ger
tain malefactors of great wealth has
been responsible for something of the
troubles, at least to the extent of hav-
ing cHl10pd fhaCo mon m n0v-ls-- l.
bring o as much financial stress
as they possibly car in order to dis
credit the policy Of the government
and thereby to secure a reversal of that
policy so that they may enjoy the fruits
of their own evil doings.
No Change in Policy.
THAT they have misled many good
be such a reversal of policy is possible.
If so, am sorry. but it will not alter
my attitude. Once for all. let me say
that, as far as l am concerned, and for
the eighteen months of my adminis-
tration that remain. there will be no
change in the policy we nave steadily
pursued, nor let up in the effort to Sc
cure the homes observance of the law.
for 1 regard this contest as one to de-
termine who shall rule his government
the people. through their government
al agents. or a few ruthless and deter
mined men,. whose wealth makes them
particularly formidable, because they
are behind the breastworks of corporate
organization.
II wish there to be no mistake on this
point. 1t Is idle to ask me not to prose-
cute criminals. rich or poor. But / de-
sire no less emphatically to have 1t I'M
ierstood that we have undertaken and
Will undertake no action of a vindictive
type, and above all no action which
snail 1nNlCt great or 1lnnarffod SHHar.
ing upon the innocent stockholders and
upon the public as a whole. Dur pur-
pose Is to act with the minimum Of
harshness compatible with obtaining
our ends.
A Good Citizen.
I'm the man OF great wealth who has
earned his wealth honestly and used it
wisely we recognize a good citizen wor-
thy OF Of all praise and aspect. BUSH
conditions through corporations and
our purposes Is to heartily favor the
corporations that do we'll.
1.-The administration appreciates that
liberal but honest profit for legitimate
promoters and generous dividends for
capital employed either in founding or
continuing an honest business venture
are the factors necessary for successful
corporate activity. and therefore for
generally prosperous business condi-
TONS.
"All these are compatible with fair
dealing as between man and man and
rigid obedience to the law. Our aim is
to help every honest man, every hon.
est corporation, and our policy means
in Its ultimate analysis a healthy and
prosperous expansion Of business ac-
tiv.s.es Of honest business men and
honest corporations"
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