Evening star., 1907-11-05
GEO. GOULD HOME,
| TALKS ON FINANCE
Thinks Conditions Are Good
as Possible.
SAYS MORGAN IS A TRUMP
Foreign Investors Have Been Badly
Scared.
BLAMEs STANDARD OIL FINE
Two-Cent Rate Law, He Declares,
Is Unjust to Many Of the
Railroads.
BLAMEs STANDARD OIL FINE

| NEW YORK. November 5.-George Jay
Gould. returning today on the steamer
Kronpr,nzessin Ceciiie from six months
automobile tour of Europe. discussed
freely the European view of the recent
| financial crisis In this country.
'Our credits are in bad way abroad.
said Mr.. Gould. 1.-The people of Europe
received an awful scare. and they are still
nervous and afraid Of our securities. But
their view is ali wrong. Our country is
er, our railroads were never busie In
dustry everywhere is humming. We have
simply got to get together and put our
shoulders to the wheel to restore conf
dence.
| In this connection want to say some
| thing of Mr.. Morgan. He is trump, and
| he has saved US from a great disaster
Industrial conditions in America being
in such good shape. Mr.. Gould was asked
his opinion as to the cause of the un-
easiness in Europe.
Il believe without hesitation" he said.
| that the terrible sentence imposed upon
the Standard Oil Company Is the largest
factor To the people Of Europe the fine
looks like practical confiscat!on-the
wiping out of hundreds of stockholders.
possibly, in their view-and they believe
that the agitation in this country means
a similar fate to all the rest of our big
corporations They fear to put their
money in the big concerns with the
Standard OH verdict dangling before them.
The fine imposed by Judge Lands has i'm
measurably hurt US. The fright it gave
investors on the other side was tremen-
dous.
Confidence Returning.
But as 1 say, the conditions in this
country are sound. and We already are on
the road to restored confidence The
trouble Is that our currency is all out OF
/ Joint It would be a feather In Roose-
velt's cap II he would call an extra ses-
sion Of Congress and secure the adoption
Of much-needed currency reforms; just
what the character Of the new legisla-
| ton should be l am not ready to say. 1
have no pet plan of my own.
I'VE also have a scarcity OF money IN
! the fall, and this year 1t has simply been
| a little worse than usual. Then, too, there
and this has made it bit difficult for
| us to get the heavy supply of cash neces-
sary to move our crops.
THE recent scare was unwarranted and
| will be overcome. In fact, 1t is overcome
now. But the Standard OIL sentence was
| one of those things which always hurt the
innocent people. They have to suffer. The
| fine hit the interests of the people. / am
| inclined to believe the people of Europe
were justified in their alarm. If one cor
| poration can be treated as was the Stand
ard Oil, the same thing might happen
| to others. and investors are not anxious
to sacrifice their money"
Telegraph Strike.
| Asked If his railroads would continue
their opposition to the 2-cent fare laws in
some of the states, Mr.. Gould said:
| 1T is Improbable to carry passengers at
so low a rate, and in xome of the states
we might better put the cars away and
| close up the passenger stations"
AS, to the telegraph strike Mr. Gould
said.
The strike was most ill-advised, as the
men have been quick to discover. The op-
| orators had but recently received an in
| crease in salarv showing a disposition on
the part OF the Western Union to better
| their condition rapidly as circum-
| stances would permit No, l have no con-
Germ over the strike, whatever. l would
| ordinarily let 1t take its course through
| proper channels. But as matters stand
| there is absolutely nothing with which /
could concern myself if / were SO in
clined.''