The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-10-28
T11E ROOSEVELT PANIC.

/
| by bears while panic ragged in New
York. Now that Messrs. Morgan, Still
man. Rockefeller, and even that but
/ lately Undesirable citizen" Hartman,
have struggled successfully to stem
the tide of destruction that the Presi-
dents policies HAYS loosed on our pros
lperity, the President returns to Wash
/ ington and in few SNUG phrases
thanks to the "mulefactors of great
wealth for their patriotisn-and APP
plauds Cortelyou for trying to avert
disaster which had been wrought by
the President himself.
| II the country does escape real
and widespread depression in business
| 1t will not be through any foresight,
wisdom or executive ability of Theo-
dore Roosevelt whose Incorporate
monthings and insatiate love of popu-
lar applause have gained for him the
unenviable notoriety of producing the
most uncalled for slaughter OF values
that this country ever witnessed.
! AS The Times-Dispatch has often
said, the railroads. trusts and specu-
lators both small and great have built
up a financial fabric that was essen
contraction in business and rea-
sonable recession In speculative values
was not only inevitable but highly de-
sirable. To these conditions President
| Roosevelt brought multitudinous adj
| dresses full Of sound and fury, array
| ing class against class, and end
ing by so terrifying the timid and de-
ceiv1ng the ignorant that public con-
tidence was for a short period we'll
| nigh destroyed This inpulsiveness
may be highly creditable to Mr.. Roose-
/ veit's emotions but it was more like
egotism run mad.
4 TO the foreigners our strenuous
i President has cut but sorry figure
Il during the past week. The Paris Ma
ten says: in fifteen days President
Roosevelt killed four bears and de-
Il stroyed five billions of values. In the
] presence Of an economic crisis he con-
when the storm broke he had gone
4 hunting Says the Gaulois. also OF
j! Paris. an ultra-conscrvativc journal:
ITO govern is to forcsee. With Roose-,
Welt, to govern is to revise For the
past six years of his own administrn-
ton the trusts have been prosecuted
for crimes he permitted to be perpe-
trated. His justice is retroactive.
There Is thus the appearance OF per-
secution and Of political passion which
, in the financial centres of Europe
causes far more alarm than the pos
sible ambition Of great nnanciers"
A leading French banker comments
J thus:
! Imagine Frances President or
! Premier shooting wolves while his
people perish!" 1t is a fact that pra.-
tically the only news cabled from
America in the days preceding tho
: panic consisted Of stories of the Presi-
dents proves in the canebrakes.
. While one of the most important
banking firms. in Berlin said that the
President "has brought his country to
, the brink OF ruin" and adds:
I'VE hold the President directly and
almost solely responsible for agitating
> public opinion and undermining public
: confidence in what Is Ill reality a per-
g fectly sound situation. He seems to
! have forgotten that the Rockefellers
: the Morgans and the Harrimans car
lose mtllions.of dollars without feeling
;. IT, but that for every one such multi
+ millionaire there are 10000 to whom
. this upheaval will mean eternal ruin.
: 1t seems to us that Mr.. Roosevelt's
tmlstake is nsistence that the whole
n American financial and Industrial struc.
a ture must be torn down to&be strength
!, ened: Our way would be to save as
!. much as possible of the existing struc.
e ture and toSrestore it piecemeal"
" All these comments are from nations
II which believe in and practice degree
II OF governmental supervision which is
# unknown in America. 1t Is not. there
IS fore. tho principle OF control thai
e, strikes the French and Germans as sui
ID cidal. It is the methods OF Presiden
= Roosevelt, and every day 1t become!
more apparent how great a part hi
4 personality and methods have played
4 In bringing about the terrific losse
oe suffered by the investors of this colln
tfy. So far the most conspicuous &C
n, of his career has been that panic which
will ever, bear his name
u -----------------------------.----- isiEs
OF The most tireless defender OF TIL
nc Lone Star State further declares tina
, the universal experience a is tina
!, freckles disappear from six to tel
Nv days after q lady arrivesSin Texas.
In view of the recent authoritative
y, ~ statement that OSCILLATION is tn
~, ~ worlds champion freckle-remoyer, al
- eHplanatlon seems in order,
IN. Many millions OF European gold will
OF be shipped to this country during til
present week. Better drop a line t
ev. Gofteiyou to-night and tell him to Is
sure and send your share on prompt
nd by certified check.
1g, ----
Rockefeller spends a good deal /
Hr time over Guots. No. Ilustace. w
ate dlan, say quoits of oil. Behave,
~. stu Colonel Graves must moi p
surprised to hear lot OF parche
)e- Georgia larynXes throbbing to a 5,J,l,