The Irish standard., 1907-03-23
Result Of Morgan's Plan.

habtt OF making frequent trips to the
capitol.
Result Of Morgan's Plan.
Mr.. Mellen's visit is the outcome of
q. call made to the White House last
week by j. Pierpont Morgan, the New
York financier, who came to Washing
ton at the request of many business
men to discuss the present business
situation, particularly as affecting the
railroads. At the time Mr.. Morgan
Buggested to the president that. it
would be greatly in the public inter-
est If he would see certain railroad
presidents and confer with them "as
to what steps might be taken to allay
public anxiety, to the relations be-
tween the railroads and government"
The visit of Mr.. Mellen followed the
conference he had several days ago
with Presidents McCrea, Newman and
Hughitt, of the Pennsylvania, New
York Central and Chicago & North
western. railroads respectively These
four were the names suggested to Mr..
Roosevelt by Mr.. Morgan. 1t is not
known at the White House whether
Messrs. McCrea, Newman and Hugh
lit will visit Mr.. Roosevelt. The presi-
dent will see them if they come. So
far they have not been heard from.
President Posting Himself.
Following the departure of Mr.. Mel
len, Interstate Commissioner Frank
lin Lane came to the White House and
had a talk with the president about
railroad matters. Attorney General
Bonaparte also conferred with the
president.
During the past three weeks Presi-
dent Roosevelt has had visits from
half dozen well-known f1nanciers
and railroad men, with all Of whom he
has discussed various phases of the
railroad situation. These include J..
Pierpont Morgan, James Speyer Of
New York, President Stickney of the
Chicago Great Western railroad, B. F.
Yoakum, the chairman of the board Of
directors Of the Chicago, Rock Island
e Pacific, E. H. Hartman of the
Union Pacific, and Charles S. Mellen
of the New York, New Haven & Hart
ford railroad.
Learning All He Can.
: The president says frankly that he
Is learning all he can regarding the
railroad situation and that he intends
Ito continue to consult with railroad
people and others on the subject. 1t
Us understood he is making inquiries
on some points pertaining to federal
supervision and control of the rail-
roads, to the question of an appraise-
ment of the physical valuation of such
properties and to the matter of the is
sue of various forms of Indebtedness.
AS to the last named, he regards it as
perfectly proper and he sees no OBJ
lection to proper issue of obligations
for equipment, terminals and better
ments, but thinks there should be a
careful scrutiny to see that stocks or
bonds are issued for such purposes.
Not Telling His Policy.
The president has made it plain to
his callers that he cannot be expected
to outline his policy in informal talks
with them and that inferences as to
his attitude must not be drawn from
what he says in these casual talks.
When he has made up his mind and
is ready to tell the public just what
his attitude is on particular questions
and specifically on the railroad issue
he will do so in speech or in mes.
sage to congress. Some expressions
from him are expected on the railroad
question during the next few months
The president is scheduled to make
four speeches between now and the
middle of June, and 1t is expected that
he will have something to say on the
railroad question in one of these