The daily morning journal and courier., 1907-11-15

Ia entirely responsible for them, nor even for the greater part of them. He is not responsible for Interborough- Metropolitan, for instance, nor for the Standard Oil rebates. think there is much that cannot be charged to him. However, the president has, no
 doubt, been imprudent in his utter
 ances and perhaps in his inYesdga- tions. There is no doubt that Presi- dent Mellen has grievance. do not think President Roosevelt has treated him fairly. For six months the pres ident has been saying that he was go- ling to investigate the New York, New
 Haven and Hartford, and he has not investigated. If there is anything there to investigate, all we'll and good, let it be investigated, but to come out six. months in advance and say that Isomething is wrong there and needs investigation | is to call man a thief before he has been proved to be a thief. MT Mellen, because of this declaration, has been put in very
 embarrassing position, and suspicion IIldS DG6lI QlEtCISu tlSdltlSb IllS lOdu. You remember he went to Washing
 ton the other day and told President
 Roosevelt he was not being treated fairly and invited the president to the New York, New Ha- ven and Hartford road, or to send somebody to investigate it, to see if anything is wrong, I don't think it
 is fair thus to direct suspicion against a road, and withhold action for six months
 But it is time when men should keep their tempers, and act with cool Judgment. It is not well to speak or act hsgtily, and when a man loses his temper he is apt to give way to ex- citement. It is well to speak in com posure and to aivoid any dangerous weapons. This would apply to Presi- dent Roosevelt as well as to others in authority"
 An Artistic Speech. Attorney Charles E. Gross regarded President Mellen's speech as artistic, President Mellen had purposes behind his words. and his words had no un- certain ring. The speech is character istle of the man. President Mellen is morethan courageous-he is absolutely fearless. In the ordinary course we
 
 a speech good results would follow to the cause of the railroad company, which he is endeavoring to protect. But the power to prognosticate in the
 present political atmosphere is not Vouchsafed to many mortals What the next southwesterly storm would bring he (Mr Gross) could not even guess. All he could do was to stand out of the open with MT. Mellen and say with a reverence which he knew is possible, In God we trust" Dlsagrees With nIr. sTellen.
 President Luther was disinclined to talk on the present situation, but he
 said there was one thing about Presi- dent Mellen's speech that had impress
 ed him. Of that he spoke as follows: President Mellen seems to feel that
 the. present financial panic is due to activity in the investigation of oorpor- Iations and administering the law, I do not agree with him. I have less re- peet for my own opinion on the present situation than I wish I had but I can not believe that the doctor who ln- vestigates the case and discovers the microbe is to be blamed for the dis ease. confess I am puzzled to under stand panics. I am at loss to account for them, but l believe the present fn- ancial disturbance is the result of a general tendency in financial circles to 1 try to do too much business on bor- rowed money"
 Senator BulkeIey Too Busy. Senator Morgan G, Bulkeley said | that he did not hear President Mellan edliver his speech Wednesday evening" and he was too busy this forenoon to read the report of it.
 MT. Cooley Urges Caution. Francis R, Cooley said that he had read the speech of President Mellen but | had formulated mo opinion on if dT have no opinion to offer before I have formulated it,f he said, and I do nor
 care to express myself on this matter. The financial situation is serious, Dit conditions are a little better to-day. 1 half-cocked It Is better 10 formulate
 an. opinion before giving utteranoe to