The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-11-08

intended Co Change tho Impresslon
That the Prcsident's Spoeohee Did
Much Co Bring About the Late Panic.
WASHINGTON. Nov. THAT President
Roosevelt feels deep Conoen over the
growing opinion that his widely dissem-
mated views ON the subject Of corporate
and private wealth are responsible In great
measure for the present panioky conditions
in financial and industrial centres is being
demonstrated by inspired utterances from
the White House which are appearing in
newspapers always ready to conform to
the Presidents will. 1t il apparent that
the President is making an earnest effort
to counteract the impression that he has
done much to impair credit through ex-
citing suspicion In the popular mind an
20 h stability OF great financial interests.
This attitude on his part. however much
IL may be regarded as inconsistent with his
previous curse, is not without It's hopeful
feature. according to observing people
here. in thai it indicates that the President
realizes the danger to the whole country
that exists in violent attacks on combina-
tons Of capital. even when these attacks
are yelled in u~tterances hat proclaim no
hostility to honest men who pursue honest
methods.
The line Of policy suggested with the
object Of bringing the popular mind back
to the idea that those who have cried out
against wealth are innocent as unborn
children Of any utterances or actions. let
alone desires or intentions. that would
tend to cause distrust Of financial sound
ness. does not. strangely enough. include
an a~rraignment of yellow Journalism on
the charge Of creating a false impression
against those who have supported the
Presidents attitude.
On the contrary. that portion Of the
conservative press which has been out
spoken in its views as to the basic reasons
for present conditions is pointed 90 as
responsible for producing a false impress
sion. In the course of their ~utterances.
however. the willing ones. who have been
inspired to make an effort TO stop the grow
ing tendency to put the blame on the Presi-
dent. nave sought TO sOOthe those Trey
oensure by soft words Of praise for the
sound judgment usually exercised by them.
d not he misled by headlines or so
phistical editorials ia the message which
is being vent out to the world. but the head
line writer's and the editorial writer's are
AtICIcitAaly 10 IN COlAiAOIboA Oy Wv 80
surance that they are only wrong FOR the
time being and ordinarily are persons OF
excellent Judgment.
1t is acknowledged in these inspired ut
terances that men who stand high in the
fields Of industry and finance nave been
influenced 90 believe that the Presidents
attitude coward corporate and private
wealth has done much to produce the
~ =
recommended that they read the Presidents
speeches and messages-not all Of them.
of course. but those portions which con-
denim preachers of discomfort. and point
out that agitation against rich men as such
is a crime against the body polite.
IL is also made known through the same
channels of inspiration. and this may be
regarded as n hopeful sign. that financiers
and capitalists are TO be welcomed 20 the
White House in the next few weeks in order
70 afford them the opportunity Of making
suggestions which may help the President
in drafting his annual message 20 Congress.