The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-03-28
WARNING GIVEN
TOROOS[vELTBY
MANUFACTURERS
ILLINOIS PRODUCERS TELL PRES.
lDENTy THAT RAIL SITUATION
is DANGEROUS.
ASK HIM TO SPRINGFIELD
TO Addess Representatives Of the
Manufacturing and Mercantile IN
terests Of Middle West
May Accept.

Washington, March 27. An lmport-
ant conference was held al the White
House tonight at which scheme to
be presented to the mex congress for
federal geg lation of the railroads Of
the United States was discussed.
Those present wers Secretary Cortel
you, Secretary Garfield, Assistant Sec.
retary Of State Bacon, Chairman
Knapp and Special Counsel Kellogg OF
the interstate commerce commission
and all Members fthat commission
except Prouty and CocE0. ell, ho are
out Of the city The conference last
ca two and half hours.
Washington, March 27.-A commit
tee representing the Illinois Manu-
facturers Association called on the
prosid Mt today BY appointment and
iextended to him an urgent invitation
10 address, at Springfield, H.. Al the
earliest possible date. a convention Of
representatives OF the manufacturing
and mercantile interests of the mid.
die west.
The conference lasted ever an hour
fauring which there was free discuss
ion of the railroad situation. AT its
conclusion the comm ttee gave out the
following sLat ment:
The committee submitted to the
president that the present railroad
financial situation was creating feel
/ ing Of timidfty ami apprehension to
such an extent siaas Il threatefted in1.-
dat curtainment Of banking and bus
mess credit, which had heretofore
been extended to the business inter
Eests slsr ess&iss sss sissaf@ ss No.. VI.
the CREATES possible demand for fur
ther extension of credit prevailed for
the development Of the increasing
demands of manufacturing and mer-
camille industries of the country.
Manufacturers Are Apprehensive.
1T was shown to the president that
the manufacturers In enjoyment of
their unprecedented credit had large
ly extended their business in the
making of purchases necee sary to fill
orders which require many months for
their completion; THAI the manufac
turing and mercantile interests vera
apprehensive that a feeling of dis.
trust was getting foothold which
would lead to financial curtailment
and such rest lotion OF credit as toI
threaten dangerous results TO the
great prosperity that now existed in
all avenues of industry
ct was urged upon the president
that very great good would come oI
all interests alike if he would signify
his willingness to express in a public
address, as soon as possible the key
note of his creative and constructive
policy.
"The president was informed by
the committee that, though the coHn-
try's pro. perty was very great, II
would scon become seriously impaired
by the creation of uneasiness on the
part of banks and investors and would
lead TO such distrust as 6 o prevent the
supply of n cessary moneys to salts
fly existing wante. as well as TO meet
the unparalleled development of the
manufacturing and transportation In
tefests OF The country.
President Grateful for Statement.
9TH president inquired carefully
into the prevailing mercantile eendi-
tions and expressed himself as most
anxious and determined to do all in
his power 10 protect. preserve and en-.
courage all legi imats business inter
ests of every kind"
At the close of the conference. the
pre-. ident thanked the committee for
its frank staten Mt Of existing condi
ticns as they appeared TO the commit. |
tee and promised that within few
days he would determine whether his
present engagem nts would permit !
him to accept the committees invita-
ion. which he expressed himself as
anxious TO do if he possibly could. |