Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1907-08-23
WASHINGTON LETTER.

Washington, ID. c., Aug. 10 AS
politics and business are inextricabiy
mixed up at the present time more than
ever before. it behooves thoughtful
men TO keep their eyes open and watch
the double game as it is being played
With Wall Street in turmoil and the
stock market sagging, and money even
for Legitimate business purposes hard
TO obtain, it does not require any guess
ing to say that there is greater finan-
cial trouble ahead. The building boom
is quieting dow and railroad improve
mant are being curteiIed. 50 far these
indications are mostly confined to the
Giles and. fairly good tlWes prevail in
The country DISTRICTS. The wise man
looks ahead and prepares tor any
emergency that may be forced upon
him aud at all events keeps out of debt
add does not buy except what he ab-
snlutely needs.
The conference day or two ago at
Oyster Bay of the President, with Sec
rotary Taft and other advisers, was to
consider what could be done to pre-.
vent the Wall Street disturbance from
becoming epidemic and spreading all
over the country. The continuation of
the business boom is necessary for the
salvation of the Republican party, it
hns stu I'D 70 oil
periby which it arrogantiy declares Is
due to lis tariff and financial policies
| breakdown, therefore, would proba-
bly, bring political disaster. 1t is re-
| ported that it was agreed by the con-
ference that if it becomes necessary
Cortelyou should throw open the doors
| of the United States Treasury, and ev
cry free dollar that the vaults contain
! should be placed at the service of the
New York banks. Whether the gold
reserve of $3.50, 00U,0 600 is also to be
trenched upon, 10 case of financial dis
a5ter, is not known, but as everything
goes with the present Republican ADJ
ministratiOn to gain its political ends,
! there 10 no reason to believe it will fear
10 override an act of Congress. If that
is all there is between business and
political trouble.
The discussion in the Democratic
papers of the merits of those mentioned
for the nomination for president, is
being mostly confined to the question
of availability. There appears to be
a general feeling that the Democratic
party is facing crieis, said one of the
leading Democrats of the country to
me few days ago, aud unless it can
unite on candidates and it does not
unfortunately seem able to unite on
| Mr.. Bryan, and On platform that will
he satisfactory to all who believe in
Democratic principles, it will meet
with another defeat that would post
pone tatitf reform and trust curbing
for another term of years. It is un-
fortunate that the factional feeling in
the Democratic party has led to great
diSOrganiZatiOn in some of the States
that must be carried to win, and it is
much to be regretted that every north
ern state that was in the Democratic
column is now controlled by the Re.
publicans. A CLEAN of light has ap-
peared in Minnesota, Oregon and
Rhode Island. which although all
strongly Republican have now elected
Democratic Governors. but those states,
even if their electoral vote could be
carried, are not enough with the solid
South to control the electoral college.
Democrats must look to some of the
States like New Y ork, New JERSEY and
Indiana to win, and neither these or
others with less declared Democratic
sympathies can be carried unless the
candidates and platform are generally
acceptable 1t is not pleasant to have
to admit these facts, but it is absolute. |
ly necessary for the Democratic voters
everywhere to know the truth and then