The southern sentinel. (Winnfield, La.) 1883-1910, 1907-11-08

Il U
of virtues in the home life and
public and business channels. He
said at Tallulah recently:
1--WE don't need brilliancy or
wonderful talent so much as high
average. We want the plain ele-
mental virtues. You need honesty
in the highest sense of the word.
honesty and decency. and square
deal for all. ] don care how
honest man is if he is a coward
he is no good. You can do moth
ing with the timid man, even
though he means we'll. You need
both honesty anc courage, and
even they are not enough. A man
both honest and brave can do little
If a natural-born fool.
"In addition, then, to honesty
and courage. a man needs the
saving grace. common sense. The
man who possesses these three
qualities can be trusted. in almost
any position"
Following out the lagic of his
public utterances by his acts,
President Roosevelt has been and
is still prosecuting the corpora
tons and trusts for their open
violations of law. Then such men
as George H. Brewer, manager of
a New York firm of brokers from
whom he embezzled 100000 for
speculative purposes. blames the
President for the rascality brought
into the limelight because stocks
depreciate under the exposure OF
just such manipu atoms by such
dishonest methods. Hirrim n
Rockefeller and others advance
the same arguments when expos
ure follows investigation under
the strong arm of the law.
Now comes William Turnbull,
fourth vice-president of the recent
ly collapsed Knickerbocker Trust
Company that shook New York
moneyed centers with financial
tremor. and hurls the burden Of
its failure at President Roosevelt.
Whereforer Simply because
the President breaches and en-
forces honesty in business deal
ings. These purse-proud Gap
tains of Finance. practice robbery.
stealage, moral and business rot
teuness, and demand silence as to
their villainy and dishonest prac-
tees. Artificial values based on
bubbles; artificial watered .stocFs
that have no real financial basis;
speculations in the products of
honest, hard toll by fixing the
prices of life's necessities on pure
ly imaginary quantities; gambling
on the credulity of investors with
stocked cards; simple stealage on
The imaginary quantities that have
no reality. All this and more. for
of the producers industry
by highwayman methods contrary
to:sthat honesty and moral virtue
proclaimed by President Roose-
Welt.
As If in answer to such an mex
cusable fallacy and effrontery to
cover up and condone s1ce 6nan-
cial rascality followed bp financial
collapse through exposure. Mr..
Roosevelt said, in speech at NASH
vile, Tennessee:
mo law and the administration
of no law can save any body of
people from their own folly. IL
there is reckless overspeculation.
just as sure as fate there will be a |
partial collapse 10 folIowit. There
has been trouble in the stock
and in high financial circles
during the past few months. The
statement has frequently been
made that the policies for which
stand-legislative and executive
.are responsible for that trouble.
Now. gentlemen. those policies of
mine can be summed up in one
brief sentence. They represent
effort to punish successful d,shon-
rsty. l doubt Is those policies
have had ony material effect in
bringing about the present trouble,