Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-08-13
POLITICAL EFFECT
Ut the Business and Industrial
Situation.
TWO TIDES OF SENTIMENT
Setting in Opposite Directions in Diff.
ferent Sections of the Country.
SERIOUS FEATURE OF CASE
Rank and File Of the People in Thor
ough Accord With Their
Leaders.
SERIOUS FEATURE OF CASE

business
,nuus'iiai situation upon national politics
40 '.heiy 10 enhst the attention Of politicians
IN the near future, it Is said Some poli-
ticians think that important politica, NOV.
ments may have their inception in the
financial and industrial conditions of tho
country existent at the time when politics
warns up
mat there is grave unrest in the financial
ana Industrial world is admitted on ALL
Sizes what effect this will have in sway-
ing poltlcai movements of the future Is
d SUBJECT or discussion and speculation.
Inc principle features talked about are:
Inc 1erment in all branches of labor I'm
all sections of the country. growing out of
demand for higher wages and shorter hours
and resulting in strikes and CONSEQUENT
Gripping of business
The uneasiness.in financial circles. due II
Is alleged, to the attitude OF the federal ad-
mlnistration toward corporations and re-
surfing In lack of confidence and conse-
quent tightening of money heretofore avail
able for business exploitation.
The fright Of corporations at the attitude
OF state governments toward them as
eyinced in hostile acts Of administration
and legislation.
Creation Of Two Tides.
1t is pointed out that these conditions
may result in the creation of two tides of
political sentiment, setting in opposite d.
rections-in the west and south and among
the masses of the big cities a clamor for
further regulation of corporations, with in
creasing vigor; in the east and among the
business interests a demand for more con-
sentative action, both in administration and
legislation, and coalition of the financial
and Industrial elements of the country
back OF some strong, conservative faction
of political party.
hot
those that transport products, are having
trouble on all sides. Production is being
hampered by strikes, causing lack of de-
mand for goods and hamperfng OF factlf-
ties for turning them out. The pinch in
the financial world Is tying up money
needed to finance great industrial con-
Germs. The transportation corporations
are feeling this shortage in production.
and in addition are being restricted by
legislation and administration and
thrown into expensive and irritating liti-
cation.
Two incidents of the moment arc cited
as straws indicating the way the wind
DloWs The attorneys general of half a
dozen Mississippi valley states are today
in conference at st. Louis seeking ways
and means for further restficting cor
porations doing business In their respect
i've states the object being to secure uni
form and simultaneous action. The
southern states of the Atlantic seahoard
are bending every effort to enforce radi-
cal legislation against common carriers
in their territory, creating lack OF conf
dence, 1t is claimed, in the conservatism
of sections that heretofore have been re-
garded as the home of conservatism
1t is reported today, as an instance of
the effect of this, that when efforts were
made yesterday in New York to place
some gilt-edge North Carolina country and
municipal securities the answer was
made that northern capital would not
touch anything that North Carolina had
to present, and the North Carolina cap
ftalists who tried to engineer the move
ment were forced to admit that the lack
of faith was well grounded
Serious Feature of Situation.
But the serious feature of the situation,
as regarded by conservatives, is that the
rank and file of the people seem to be In
thorough accord with the actions Of their
leaders in the sections referred to and by
their approval are indicating their willing
ness to go to further extremes. The cru
SADIE of the federal administration against
offending trusts also appears to be meeting
with widespread approval among the mass
es, although there is loud dissent from the
financial quarter.
Observers say that the attacks on the
Standard Oil corporation are immensely
popular and that if the Department of
Justice should put that trust into the hands
of receiver and its heads into prison, If that
were possible, loud acclaim would be heard
all over the land, although the action might
produce a panic in Wall street. Dispatches
from Cleveland quote Mr.. Rockefeller as
ominously predicting great business depres-
sion results Of the administration course
but politicians say that the people will not
be scared by his prophecies, but will uphold
the administration.
There is said to be question, however
that among the great leaders of finance and
industry, outside of the group of Wall
street SPECTATORS, the feeling is growing
that they should seek to inject more con
Ger tiSYr hey fer iptn al
and to that end take counsel among
themselves as to national candidates and
policies.
These opposing tides of sentiment are ex-
pected to show distinct drifts in politics from
now. President Roosevelt and the candi-
dates basking in the reflected light of his
favcr will receive their share of public
applause, while the conservative candi-
dates will prosecute their work In their
own ways and through their own peculiar
channels.