The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1907-08-27
CAUSE FOR sI5BiFl AGE IN Wal
sfREET LUEs.

an fl11t j 3
alructiye is vel as assuring. We
give 1t tooaf readers and hope they
WIN leadit Win protit Mr. clews
Says
The stfihkage in Wall street val
ues he's already exceeded $1,000, O0O,-
co., THIS IS largely due, not to Presl.
dent Rocssselts policy or bis actions
IN connecticn with corporations; for
similar disturbances have taken place
Ia Lcndcaand elsew where English Con.
soils, Tor instance are lower today
than they aaye been in the history Of
the nations Az matter u fact. we
have had A this country too much
PROSPERITY ior several years, causing
m overriding ii all channels Of work,
constructing and speculation. In 9th,
er wot9s there has been too much
busines ID capital, credit and trana.
portatipu: Values had become lntlat.
ed aud ~ the meantime there were
many evidences of corporate dlslon.
esty which shoe ked confidence by the
reyelattoHs tiat cropped out from
time tc dine. MI. Rooseyelt's pol
icy bas been forced upon hinby these
DEVELOPMENTS While the penalty now
being paIa may he bitter for the ex.
cesses tAat have take place, the sit
uaticn WIN be sounder one in the
end and ali Interests will be estab.
liAhed On more conservative basis
Great prcsperity has forced upon cor
poFations q lafg er amount Of business
than they had the ability to handle;
hence the flooding Of the market
with ssclFities to obtain the means
to meet the emergency and the ex-
cessiye iss1es from that source. 1t
Is plain % bs seen therefore, that
those VIC blame Mr.. Roosevelt for
all our troubles are in error. Actual
conditions have been mainly respon-
sibles Wsshaye been confronted with
conditions not theories.
Secretary Taft strong endorsement
Of the pfestdent,s policy and the
Pfesidenfs own speech are strong
and suticlent evidence that the Pres:
ident cannot be budged from his at:
titude against the glolators Of the In,
terstate Commerce laws by clamor or
criticism; and i suggest that, rather
than - Violently oppose the Presi.
dent Stllsbe well for the corpora.
lion niaglates and managers to fall
ii line and lot the President and the
public understand that they will strict.
u obey the interstate Commerce and
tie sherman Anti Trust laws. They
might AZ Sell accept the Inevitable,
fef ~ plainly evident that he will.
not change and the statute laws
should 20 observed. There has been
great nisuad Restraining and much ex-
aggeFatloas IS to the intention Of the
Government offcials. All that they
propose toSao; as far as can be ascer-
lained lsto compel great corporations
70 respect the law in the same man
ner as Tie humblest. citizen. When
public hysterla has subsided the eff
feSt Of past agitation and present &C.
lion willresult In higher standards
q corporate management and keen.
81 sense % honor and responsibility.
LEI the stockholders Of the various
corporattons Join hands in demanding
line punishment Of the guilty individ.
uads without causing the suffering
OF innocent investors and Mr.. Roose.
vet wili8accept them as allies in his
wctli reform. Big money fines pun,
ishsthe innocent stockholders and de.
preciate values, since they threaten
cenfseatlon; while imprisonment Of
the guilty would enhance values, lift
orr National reputation to a higher
plane PIT our securities on a more
reiiabls and honest basis and restore
confidence gat home and abroad.
Tlss monetary situation, though far.
rom being satisfactory, is gradually