The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-08-15
BANKER FLAYS
THE PRESIDENT
Frank M. Murphy Says Coun-
try Would Be All Right "If
1t Were Not Choked."
GOOD TIMES FICTITIOUS
BUSINESS SUFFERS FROM "Too
MUCH ROOSEVELT"

Paris Cable to New York Herald
Although IL is much like driving a
nail in his own coffin. I must say it is
time for the American business man
to awake TO the real serious outlook
and time for some one to give a warn
ing. Fictitious good times cannot last
forever The reactions are now COM
ing"
So spoke Frank NJ Murphy of Pres
colt, Ariz., president OF the Santa Fe
Prescott & Phoenix railroad, and also
president Of the Prescott National
bank. who is at the Ritz hotel with his
FAMILY after touring in his automobile
through Sicily, Italy and France.
The United States would be all
right If 1t were not choked," continued
Mr.. Murphy. I'VE are suffering from
too much Roosevelt. We nave all been
so busy making money that We have
paid no attention to what he was do
ing, and the day of reckoning is close
at hand. Every banker knows that Sc
eurities cannot be manipulated among
little cOterie of friends any more II
is necessary to apply to strangers"
To what do you attribute this?" /
asked.
stability of business interests, 10
which is due the much talked of pros
per1ty more general than ever before,
is being put to severe regulation as
undertaken by Mr.. Roosevelt. There
are Mr.. Bryan and few other poll
ucians from both political parties
hammering at corporations and So
called trusts, and together they have
succeeded in starting an epidemic of
antagonism against business interests
generally.
Their cue is Mr.. Roosevelt's atti-
tude toward corporations as an excuse
Tor all kinds of nOnsensical harangues
against anybody exercising any super
vision over large enterprises. and in
many cases resulting in strikes and
disorder generally.
Everybody so engaged is not spe-
clncaliy mentioned, but they all come
In for their share of abuse and criti-
clsm from some quarter, regardless of
what they have Iegitimately done and
may be doing toward developing the
vast resources of the country, as vet
only touched, and which will REQUIRE
that millions, yes, billions, of dollars
more be invested in order to obtain the
best, in which the manufacturer. he
wage-earner and the merchant all
have a common interest.
1t is perfectly clear that if the ex-
listing prejudices continue to receive
encouragement from those influential
IN politics there can be but one result.
a slowing down generally of business
activity, reduction in the NUMBER
employed, followed by lessening con-
sumption and naturally curtailing LIo-
duction.
1T is charged to some extent, and
justly, that impositions have been
practiced by corporations and individ-
uals controlling large aggregations Of
capital. but nothing has occurred TO
warrant the onslaught being made so
generally against every influence upon
which the prosperity of our country so
largely depends.
What is needed is more conserva-
tive dealing with the great and vital
questions that are proving so trouble
some in settling at the present time.
The coming presidential election will
determine whether or not the conserv-
ative Republicans and Democrats. rep
resenting the best in our truly pat
riotic citizenship, are equal to the
emergency. If they are, then, and not
before, confidence will be restored and
healthy business activities resumed"