The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1907-11-15
THE ROOSEVELT PANIC

Nero tiddled while Rome burned,
and President Roosevelt raced thro
the Louisiana canebrakes after some
scrubby bears while panic ragged III
New York. Now that Aessrs. Nor
gan. S,iilman, Rockefeller. and even
that but lately undesirable citizen.
Hartman, have struggled successful
IN 10 stem the tide of destruction that
the presidents policies have loOsed
on our prosperity. the president re-
turns TO Washington and in few
snug phrases thanks the "malefactOrs
OF great wealth" for their patriotism
and applauds C0relyOu for trying
10 avert disaster which has been
wrought By the president himself.
II the country does escape real
and widespread depression in bust
ness. il will not be through any fore
sight, wisdom or executive ability OF
| Theodore Roosevelt, whose intemper-
| ate mOuthings and insdtiate love or
popular applause have gained for him
! the uncnviable nOtOriety OF producing
| the most uncalled for slaughter Of
values that this country ever witness
ed.
As the Times-DispatCh has often
said. the railroads, trusts and specu-
lalors, both small and great, have
built I'd financial fabric that was
essentially unstable. AS Il result a
moderate contraction in business and
Il reasonable recession III speculative
values was not only inevitable, but
mighty desirable. TO these conditions
| President Roosevelt brought multitu-
dinuus addresses full OF sound and
fury, arrayinS class against class,
and ending by 50 terrifying the tiInld
and deceiying the ignorant that pub
lie confidence was for short period
vcltnigh destroyed This impuIsiye-
ness may be highly crcditaDle to Mr..
Rooaevelt6 emotions, but it Was
more like egotism run mad.
To the foreigners our strenuous
president has cut but a sorry figure
during the past week. The Paris Ma
cen says: IN fifteen days President
| Roosevelt killed four bears ana dc
strOyed five billions Of values. In the
= presence Of al economic crisis he con
= tinued his demagogic harangues, and
= when the storm broke he had gone
hunting" Says the Gaulois, also oi
r Paris. an ultra -conseryatiye journal:
ITO govern is to foresee. Will
: Roosevelt, to govern is to revise. Fol
: the past six years Of his own admin
: StratiOn the trusts have been pros
ecuted for crimes he permitted to be
perpetrated. His justice is retroac
tive. There is thus the appearance
of persecution and of political passion
= which i'll the financial centers of Eu
: rope causes far more alarm than the
possible ambition of great financiers.
4 y leading French banker comments
/, thus:
, Imagine Frances president or pre-
: mier shooting wolves while his people
l perish!" II is a fact that PRACTICAL,
the only news cabled from Americ;
l IN the days preceding the panic con
sisted of stories Of the president.
L prOWeSS in the canebrakes.
While one of the most importan
banking firms in Berlin said that III,
president has brought his country [,
the brink of ruin" and adds:
: we hold the president directly ant
almost solely responsible for agitatinl
: public opinion and undermining pub
lie confidence in what is in reality
perfectly sound situation. He seem
, TO have forgotten that the Rockefe
Il lers, the Morgans and the Hartman
J. can lose millions Of dollars WithOu
feeling it. but that for every one sue
l. northumberland there are 10000 {
Il whom this upheaval Will mean eterna
q ruin.
1T seems to us that Mr.. Roosevelt
mistake is insistenCe that the Who'll
American financial and industria
!. structure must be torn down to b
@ strengthened. Our way would be I
< save as much as possible of the e,
/, listing structure and to restore
n piecemeal."
IT All these comments are from n;
IF tons which believe in and practice
=. degree of government Supervisio
" which is unknown in America. If
r not, therefore, the principle of COZ
. troll that strikes the French and Ger