The Washington herald., 1907-12-30
Roosevelt Not a Menace.

Editor The Washington Herald.
The Saturday Evening Post asks: rs
Roosevelt a menace 10 business"
Roosevelt is not a menace TO business.
He has done the country more good than
any man since Lincoln. who saved H.
History will record him as one Of the
chiefs Of state who looked far into the
future. His policy has been national. not
limited; for the good Of the whole people
surprising party limits. and while the
campaign Of the trusts. subsidized press
helped. has temporarily preiudiced a few
agaist him. his upright and patriotic
course and material services TO the ma
tion VIII eventually credit him with the
performance OF duty with more insist
ence and greater success in the intensity
OF the national and international eco
romic competition than any Of his prede-
cessors. Roosevelt viii stand as the peo-
pies champion against bloated wealth
predatory wealth. personihed IN the
plutOcracy Of a bakers dozen multi
milli0naires holding q one-thirty-nlnth
part Of all the wealth Of this. the worlds
wealthiest nation. in human selhshness
and love Of power, arrogance. and the
defiance Of the viii Of the people in their
! bulwark Of monopolistic control Of trans
portation. markets. and industries. Fear
/ less IN the discharge of the executive
/ functions of government. caIIous 10 the
! scUrrilous charges of watered capital
/ subsidized press spread I'm ridicule. the
| supremacy of the Law and its univer-
salty Of application have never before
/ so well been demonstrated as by Presl~
/ dent Roosevelt 10 whom the American
people owe a debt Of gratitude they can
mover repay.
| rs Roosevelt a menace 10 busiuess?"
] In lSC5 at st. Louis. in bankers meet
! ing. Mr.. Vanderlip gave warning that
stocks We're selling too high-far beyond
/ their value. but they went on up. up. and
! up. 4 year later Mr.. Fish likewise warn
! ed, but stock prices climbed higher and
higher Stock manipulatorS, chief among
them the allied railroad. steel. oil. and
copper interests, while batting the public
to come IN. carried prices upward with
out limit. in hopes Of dumping on the
public at high prices their stocks bought
at low prices-the low-price greed grad
ually tOOth-lilIe drawn from the public
held high prices In good faith bought
! leeches, drawing the blood Of the public
Lesson-learncd. In many ways, chief in
that they saw their 500. .00o 90 Steel com
mon bought at Sl00 depressed 10 less than
-. the people did not rush in. The public
was not in il this time-it was a rich
mans affair.
The stock tumble. with its financial
furry, just gone was the nascO Of
stock market copper corner by which the
winning trickster not only got control Of
the adversaTy's great United Copper Com
pany and added 20 IL their Amalgamated
Copper trust. controlling copper COM
merce, but gObbled up a 100000 iron
and coal company for the further az
grandizement of their already almost all
powerful biliion-dollar steel trust, and
then with loud acclaim turned in to help
10 stay a stock market panic Of their
own making. and, to save their own
widely diversified interests. meekly loan
ed S250000o0 70 the l00-per-cent rate call
loan desperate stock brokers, at ig-
ANONYMOUSLY exOrbitant 10 per cent rate
for which they patronisingly received the
plaudits Of many for the sO-calIed saving
of the nation from a thing Of their own
dOing-the peoples bank-run scare which
they impudently had charged to ROose-
velt's twO-day before Chattanooga speech
That speech had nothing to do with IT,
The peoples bank-rUn scare arose out Of
the vicious pyramidal banking system
crumbling to dust in the Wall street
stock market maelstrOm- Roosevelt, hon
est, courageous. under whose guidance
the nation had prospered. commanding
respect at home and abroad, was not.
with the nations per capita circulation
at 1922, the cause OF the stock market
corner IN copper and its resultant de
capita circulation, but 10 high finance II
was due and TO pyramidal banking col
lapsing in inability TO realize on millions
of dollars of worthless and deprecated
collateral undermining the power Of Wall
street money reserve. press spread. and
reflected to other centers. ramifying the
whole currency system with is natural
resultant effect
But there Is more than a money scare
and its narrowing OF currency circula-
ton. There IS a rich mans conspiracy to
destroy RoOsevelt-an all-pOwerful aris-
tocratic commercial trust plutOcracy Of
John l, William 1. Peter l. with their
demagOgue Drusus and dancing clown
Day, putting the people against the Pres
ident while destroying individual indus
trial competition and creating Industrial
menialism. Their methods are as Of old
NiitA Nilt 6AfNtll ltll DtlOIe ILe decay
ing patriotism of wealth. binding the peo-
pie hand and foot They would Drususize
the Senate, suspend corporate, therefore
public Improvements, and turn out tens
OF thousands Of workingmen on the world
in midwinter to menace prosperity: create
public distrust by use Of purchased press.
so-called Roosevelt, the destroyer. bust
ness mems paper" and so-caIled Day
educational books" distributed by the
hundred thousand at their millions cost.
in crusade spreading of false propaganda
TO deceive the people.
We should not forget that one Of the
principal reasons leading to the adoption
of the Constitution was TO confer upon
Congress the power to regulate interstate
commerce. 10 the end Of which the Ex-
ecutive. with the aid Of the judiciary.
was 10 administer the laws, and not the
railroad magnets, stock manipulators
and managers of combines who had
usurped the COnstitutiOn-given power TO
such extent that, carried a little further.
would have forced an economical and
political upheaYal, the staying hand OF
which was our own courageous, forcefuL