Daily Arizona silver belt., 1907-08-20
CALAMITY HOWL
 FROM OIL KING
Continued from Page One)

without, all is at a standstill.
 Investor Frightened
 "The investor, great and small, locks up his money and refuses to venture forth.
 ''I do not need your stock market re- port, your editorials, your predictions and forebodings to prove to myself the truth of my words. l have a way of knowing absoutely--a way which has never failed me in the long years of my business career. That is the way am judging the financial situation, from the attitude of the financial world to- ward myself. Let me illustrate:
 "There was time, not long ago, be- fore the present runaway, hit or miss, impulsive agitation began that l would be called up on the telephone, say, by Kuhn, Loeb & Co.,, say by MT. Morgan s office, and in terms asked if l wanted to come in syndicate and certain al. lotment of shares. The chance was given me, but l was also told that l would have to make immediate answer. If my reply was that l needed several days for consideration, the telephone receiver would be hung up, in all like lihood. When 1 called several days after and said I would go into the syn dieate l would be curtly informed that l had lost my opportunity, that the syndicate had been completed.
 Says Money Is Needed
 "What is the situation nowg I am called and asked to participate in many syndicates, but in none of them is the time decision fixed on the instant. In stead of the former attitude, l know they are content to await my decision and l know there is no danger that I will be too late.
 ''l can judge in a day. Requests are coming to me today for money from quarters it was least expected would be asking for money some time ago. To- day I was offered an unprecedented in terest of per cent for one million or two million or three million. The secur- ity was beyond all criticism. That would be impossible in this country if there was confidence enough in the out look to unlock the money vaults of the country.
 "I know that the railroads of the United States today are unable to bor row money for any length of time. For merly they could obtain it for eight or ten years in great amounts. They are very well satisfied to take anything they can get now for short term. Recently I was offered ear trusts, one of the safest possible investments, at the rate of 6A to per cent, and they were very glad to give that rate, al though there is a margin on the safety side of these loans.
 "I judge of the condition of the country by these things I have told and by others which come directly under my notice, under the notice of my per sonal representative, my son, and oth- CTS.
 ''It is really of no great moment to me. I am through with business. Loss or gain no longer affects me. I am content as I am today. I am in better health than have been for many years. I am happier than l have been for twelve years or more.
 Lauds Hughes and Taft
 'Why are men making these offers to me nowl It is because of a lack of confidence of the resources of the eoun- try, not because there is any danger of foreign entanglements, not because of crop failures nor of the monetary policy, nor of any social condition, but because of a lack of confidence in the administration"
 Mr. Rockefeller was loud in praise of Secretary Taft and Charles E. Hughes governor of New York.
 "Both of them" he said, "are de, liberate men, safe men,"
 Secretary Taft, Mir. Rockefeller said, he believed to be man who would do as his conscience dictated, and that he would not be guided by the beliefs and policies of predecessor.
 "How has the Standard Oil company prosperedi What has been the secret of the marvellous cohesive force of the companyS" continued Mr. Rockefeller.
 Nothing but absolute confidence in each other. Nothing but confidence in the company. It could not have lasted had there been any of this browbeating and crushing they speak of"