World's cresset. [volume] (JAH-ville [Colony], Fowler, Mo.) 1891-19??, 1907-03-21

tnpy should demaud cf the prcsi.
d.n; and there are doubtless
macy Grass purpose. ut work.
The President has the advantage
nf the rail Rad meG in that whcn
be speaks he will be speaking OF
for bu. one raind while any 0pa
~ho attempts 10 voice the wishes
the railroad will he pretty suio
10 Offend some of them. As an
ey.ashcc of the lack OF unahimity
w Tho railroads the acton ef
President Mcc"ea Of tho Pennys.
!vana who refusps to come unlesa
personally invited hy the Preni
cen, il ci.ci President Mel'cn OF
the Nav Yoys and New Haven
and President Newman of the New
YORK Cebtra! have already said
they would come 10 Washington
tor the confidence. AT the White
iiousc il is said that the President
will not send sny inyiiatlon and
tha, no il going steadily ahead
with his railroad policy. Besides
indicating that ho ia stand
Ing pat 10 his pressnt policy be is
rpcely rdvocating mora and
stric'er leg station affecting the
roads. II, made it Gear yesterday
that ne .al revcr been more in
f, .arne,, ban le 10 rev in rdtcc
! atiog the regulation of III;
calilaizl.icn and assessment oi
.ha ac,ua. yalus Of railroad
pr parllcs.
The narrowly avtr,ed panic L
stock, il Now York has not in'
! limila.ad ,hu President. 1t j:
pretumed that bo shares with
Iu,hors tho belief that it was more
at ok Juggling such as Mr., Harri
man disclosed IL his teslinci'y y he
,ors thu Interstate Commerc.
| cammi.e.0O. bu, Mr. Roosevelt /.
shrswd onnugn - see that surn {
man pu.atiGn o. values cannot b,
used lvug to dscl-vs the people
The public has firm faith in tb-
administration aud it witt tux,
more than one panic TO convinc'
it Shat the laws which were receI
tly enacted by ConEra.a can reach
to the destruction of thu nation
, , prospority.
I Secretary cort0'you who cam
to tb' head OF the Treasury Ds
partmant with probably "a littl
: financial experience as any no
who ever .ook tho phase is hayir
plenty of high finance on hi
hands those days Problems tha
w.uld nave kept Secretary Sba'
up late figuring have come mp fr
solution by Mr: Cor'elyou T~ic
within two days he has had I
come to the relsf Ct the none
market ANA What the effect
such prompt assistance will b
f and whs,har it will encourage IL
IS railroads 20 biins ahout 10
>. more such psn'cs as that whic
" occurred on VAIL Ssreel this wee
,s remains 20 he sosn. The Secr'
inyy kept in close touch with Il
monty market in Now York q
day "Wednesday aud Thursday aI
when he saw that tho bottom
- things was falling out lie loose
= ed up to ths amount Ct $50 on
900. Tha Administration is susp
ious that tho tremendous drnp
stocks is duo to the machinatlo
Of the railroads who are enger
w glvc tie impression that the Gn
II ernmen. irresponsible for su
ne panicxy AID uncertain conditi
It ia ths monoy market because
NJ; the drastic legis alton against "a
Va roads and corporations which
n has favored, Bnt notwithstand;
this and IN order that legiti,ht
interest. might not suffer, the q
locking Of this vast fund was mo,
II must be gall and wormwoed
to the now Secretary who /
only been in the harness o W
or 10 and who il eager to ms
many reforms hs has in mind
J. be compelled to zee Wall Str,
debating the policoy Of the Tra,
&C. ury when normal business con
'ed ton again prevail through n
md Corteiyou will doubtless got
ALL Dana n r,nont senaratad from stc