The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1907-12-03
ROOSnELTS REPLY TO FINANCsRS

President Roosevelt is bare fist fighter
lie wears gloves only when dealing with his friends
His blows hard and direct They land with re
sounding smack which leaves to doubt their ioreetu
quality.
Roosevelt never runs away fight lie does all his
trimming with his fists lie cannot be bluiled.
AN Of which brought orciby mind by the tenor OF
his message just delivered congress in which he deals with
the causes Of financial furry and the proper to
pursue toward the great naneers and corporations OF the
country.
In his preceding message President Roosevelt delivered
powerful attack upon business dishonesty and recommended
government supervision Of all corporations doing interstate
business His declarations followed by hows Of protest
from the railway nancers and Wall St in general Then fo
lowed the Wall panic bearing evidence OF the fact
prcciptacd vs. these nanciers dscred the
president and his announced policy
Following the furry the declarations of the finan
that had been caused by the presidents wild and
talk which had shaken the confidence of the people
and led to a wild scramble securities into money.
President Roosevelt mporuned by the inaneiers 70
do he could remedy the damage they alleged he bad
caused and above ALL temper his forthcoming
as not disturb returning confidence
The fnanciers far 20 start the rumor
that the president appalled, the disaster which they
charged him with bringing upon the country and was
writing his message meet the demands Of the situation
The partially The introduction bears
every evidence Of having been rewritten Blu, the inan
eiers wanted il rewritten
Not satisfied with standing pat president repeated the
Objectionable part Of his preceding by embodyng d
under quotation marks in his present message.
This blow 10 the expectations Of Wall is followed In
quick succession by others, such the following
Until the national government proper control
of interstate in the exercise OF the authority It
already possesses il will be impossible either give
get from the railroads full justice The railroads and all
other great corporations will do well recognize that this
control the only question is what govern
mental body most wisely exercise il.
sc Moreover. in my judgment there should be ad-
dona legislation looking the proper control OF great bust
engaged business this control
be exercised for their benefit and prosperity less than
for the protection Of investors and OF the general public
80 Provision should also be made for complete pub
hcity all affecting the public and complete proee
ton the investing public and shareholders the
Of issuing corporate securities"
Rooscves declarations the face Of existing conditions
leave doubt before the American people
There be federation Of business dishonesty tho
interests OF confidence and prosperity There is 10 be
ntcrmson in the fight corporate dishonesty and
tortion
Roosevelt refuses be bIufed He refuses 10 eouute
violations OF law the risk OF further disturbing
business conditions. lie refuses save the bust
world lie still insists that they be out that the
business body may regain heathand be permanently sound
And the president right Only temporary improvement
might from paliaton Of present business ills The
evil day Of accounting would be merely postponed The
would grow until it away the vta Of and
the day OF reckoning would when the rccupcravc power
Of the country exhausted
Roosevelt facing conditions bravely and battling with
them TO effect cure The country must do likewise.