The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1906-1907, 1907-11-15
PRESIDENT AND PANIC

ago, when congratulated ~ ulehu /
on his phenomenal popularity. Pres
ident Rooseyelt--aecording to news
paper report predicted that, should |
a period OF hard times visit the
country before his term OF ONCE ex-
pired. he would become the most un-
popular OF Presidents, Europe, ac-
cording to a number OF cable dis
patches, is inclined to think that |
this unpopularity has already over
taken him as a result of the severe
financial shRke-up from which the
country IL only now regaining Its
equilibrium. Thus the Paris Matin.
once his ardent champion. now re-
CARDS him AZ fallen Idol. and as
serts that this panic viii be record
cd In history as the Roosevelt panic.
He has proved his destructive capaci-
". says the same paper, by killing
bears aud wiplng out billions Of
dollars in values. In the United |
States. however, very few papers
which were not already conspieuously
anti-Roosevelt In their attitude at
tempt 10 saddle him with responsible
ity for the panic. altho some inde-
pendent sheets ask whether poasi-
bly, the famous Roosevelt luck may
not be breaking at last, The foreign
press observe that OF late, for the FIRST
time in years. Mr.. Roosevelt does not
figure like colossus In the dis
patches from America. The Augusta
(Ga.l Chronicle (Dem,l charaeterizes
the President as "our chief panic
maker" and remarks almost resign
edly that be cant help being a dis
tuFblng element" So far, says the
Richmond Tlmes-Dispateh (Dem.
''the most conspicuous act OF his ca
reeE has been that panic which will
ever bear his name. Whether or
not this n 70 be known as the Roose-
velt panic. says the New York Even.
Ing Post tIndl, Is comparatively un-
important: the certain and aignia-
cant thing h that It will be known
a. Republican and high tariff
panic" The perilous operations OF
HelnAe, Morse. Thomas. and others.
aud their elimination by the Clear
ing-honae from the New York bank
Ing aituation, may have been the
spark, says the New York Globe
tRep.l, but there would have been
no blaze II there had not been aeou-
mulatlng for months "a great finder
heap OF unnecessary suspicion. Mr..
August Belmont, In letter 70 the
Civic Federation, places the blame for
the present precaflous condition OF
the financial interests Of the United
States" upon President Roosevelt.
Hail Caeaarl We who are about to
bust salute thee Ironically exclalms
the New York Sun.
Many papers, on the other hand,
Fepadiate with ridioule the idea that
the presidents policies are the cause
Of the recent loss OF confidence and
impairment OF credit In the financial
world. The charge Is grotosque. I"
says the Chicago Daily News tInd1
This sort Of doctrine will not pre-
vail. because Il Is nonsense. {" remarks
the 81. Joseph News and Press lind, +,
He has destroyed confidence In whatG
In hnneo gamer asks the Pittshurg
Leader lind J. Rooaeveitism d not a
point u danger. asserts the Phila-
delphia North American lind. Rep, !.
which quotes the published statement
Of committee OF New York bankers
70 the effect that there Is no trouble
among the banks except what has
been caused by the bad management
Of bad men The attempt 70 place
the responsibility upon President
Rooseyeit's policies aud utterances.
says the Philadelphia Press CRep1 !.
was 80 wide of the mark that Il
would have been amusing II the
country had been in q mood TO be
amused" II may be true. admits the
Topeka State Journal (Rep,1. that
the President has destroyed confld-
enoe" BY turning on the light: but
20. Il adds, does the individual who
shows up this loaded dice with which
the gambler playa people lose con-
hdchee in that gambler" MIR, Bry-
an also breaks a lance in the Presi-
dents defense. and admonishss the
public mot 70 blame the sheriff. but
the horse-thief
-
Tha hest wav IN lnfnre huslness