The Washington times., 1907-03-15
Panic Created by Them
Struggling for
Supremacy.
London BegS America
Not to Ask
for Gold.

The financial panic in New York has
brought London 10 its knees before
Wall Street. and from the wreck of
securities IL is predicted that the Moore
Brothers. Of tia Rock Island System,
vii usurp Harriman's throne as the
railroad kings Of this continent
The bear movement was inaugurated,
II is said on high authority. by the
Moore Brothers. who are eutrenched
behind millions OF dollars. and il pre-
cipitated a battle Of billions with
every financial interest In the country
aligned on one side or the other.
Hartman Held On.
Il is known that members OF the
Hartman party have insisted recently
that the Rock Island party IS and has
been FOR three months leading the bear
e.enel' N the market The Rock Isl
and mon, they declare. have sold stocks
since early in December and have made
millions by the decline. Mr. Hartman.
meanwhile, according TO good informa-
tiOa, has held on 70 a large number Of
securities. though he sold out last fall.
il IS said. much OF the line he took on
prior 20 the declaration % the Southern
and Union Pacific dividends.
The Rock Island people are carrying
the bag" Mr.. Hartman said or the Wit
ness stand Ia reference TO tbs. condition
in which he left the Alton. The remark
was recalled yesterday with the com
ment that perhaps the Rock I-IaEd
party has unloaded on others and that
AIr Hartman is one OF those carrying
the bag now.
English Banks PRAYER.
Two OF the great features % the on
slaught l~ the fact that the English
banks have requested Wall Street not
TO demand the gold that England owes
this country at the present time for fear
that the monetary conditions there
would be disarrdnged.' and the other
is that in spite OF the terrible havoc
wrought among American railroad Sc
curities. Wall Street is enabled 20 grant
this request end the battling interests
at the same time are keeping up their
margins In the game Of loss.
The dispatch from England pleading
for Wall Street 10 refrain from call
ing for the gold due on this side Of tne
Atlantic was received yesterday by a
leading New York banking house. and
a COPY Of The cable Vas sent 10 thc
United States Treasury here 20 be held
as a tribute 10 the financial greatress
Of the United States a2G as evidence
that the golden sceptre Of the Old World
has passed into the hands OF Uncle sam.
Unezampled Request.
II is the first time in the history Of
the two countries that such a request
has been made. In regard 20 the New
York situation. the Treasury officials
announce that the Government has gone
as far in relieving the situation as
conservative banking requires" There
is no fear entertained as 70 the Out-
come. The small investors are not in
vCIved.
United States Treasurer Charles H
Treat who returned last night from
New York. where he went 10 Loo over
the situation. says there is nothing
alarming In the affair that concerns any
body but those directly interested
Kilkenny Affair"
"Irs a Kilkenny cat affair between
a 10. OF the big Wall Street operators" "
he saws. and as they arc putting Up
their margins they seem 10 be well sup
piled with money. The panic is at an
end I think
1T is not the outcome Of present con-
ditIons. but n titanic struggle between
great interests fghtinE for control and
The CONSEQUENT ruin Of the other fellow.
/ These spasms can be expected AZ al
most any time when the big fellows get
. into a quarrel