The daily morning journal and courier., 1907-09-09
THE WEEKLY JOURNAL. Issued Thursday. One Dollar a Year.
BusrNEss NERTorsNEss.

BUSINESS NERVOUSNESS.
 Whatever may have been the fun damental merit of President Roose- velt's Provincetown speech from the point of view of It's insistence upon one law for all violators of the law, rich and poor alike, the business un- rest 1t provoked has not been allay- ed. The interest expressed in the speeches and addresses he is to make during the last week of this month and the first week of next clearly discloses the fact whether worthy of the serious attention of serious men or not that the attitude of the Presi- dent is to be accepted as an encour- agement or a Encouragement to go on bravely with the task of bread winning and factory building. The carefully chosen words of one man or, if may be. the carelessly chosen words of one man, are likely in the estimation of business men of all par ties to determine the condition of things pending the settlement of the presidential election.
 Our attention has been drawn to a communication and an editorial re- ply to it in the columns of Golfers Weekly which sets forth in coinci- dence better than we have yet seen set forth the conflicting views of President Roosevelt's usefulness at the present moment as well as of his powers of good and evil. The cor respondent writes to Golfers that the Presidents attitude Is in part re- sponsible for the hard times which he asserts are already upon us, as is shown to him by the 1action of the banks in drawing in their credits. He says: T think that Roosevelt's declar- ation to the effect that somebody in Wall street is creating all this trou- ble in order to emharrass him is as false and foolish as his former story of conspiracy. There are people in Wall street who at times take a bear position for profit and maIiciously spread bear rumors, but no big man is doing this now. Whoever is doing 1t now is petty little grafter, such as may be found in any community, or any association. I believe that all the big men in Wall street are thor nughly worried" Golfers agrees that this talk of deliberately embarrassing the President by Wall street brokers is absurd. Nor does it believe that the enforcement of justice against wealthy lawbreakers or even thunder ing about such enforcement will irn- pair the confidence of business men outside of Wall street. It then adds significantly: Although the Presi- dents tone is always more warlike, on every subject, than is absolutely requisite to the welfare of the uni- verse, he is doing big, necessary and difficult work, and by the mass of people we believe will be upheld"
 As we said at the outset this pre- sents with all of the force of coin cidence not only the actual state which the President is of course closely Identified with but to thinking people the way out of an unnecessary addl- tienal amount of worry. The corre- spondept of Golfers is manifestly right when he asserts his disbelief in Wall street conspiracy to under mine the usefulness of the President The Presidents assertion to the con- trary is to be attributed to moment of passion provoked for other req sons than those in hand, as when, for example. he made his first selection for his Ananias club. We may fairly question the correspondents eonclus- ion that hard times are already upon us, though money is tight, but We may not so surely question the ap- proach of the real article in the hard times line if the apprehension of the big men in Wall street, who are the financial giants upholding many an enormous investment, is increased by additional speeches of a war-like character by the President We take this, too, to be the view of Golfers for even it's view of the big, neces. sary and difficult work the President Is doing is uneonsciously modified by it's understanding of his invariably war-like attitude on all subjects The difference between the gentle. man who addresses Golfers and tht editor of that journal is one of de gree more than distinction. The one says that his intemperance of speech Is causing unnecessary havoc among