The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-03-21

bm in which he and such states
N as La Toilette. and Pryal
he Deen playing the leading rol
several years. E. Il. Barrimal
hit to Washington to plead wit
White House "to let up" on th
lroads, and it was arranged tina
president should issue a state
bit to allay the panicky feeling
ich has almost torn down to it
ery foundations the speculative
pcture erected by operators II
street in recent yeais.
r. Hartman asks for the bring
about Of an understanding be
len the executive and the railroad
knates, and, of course, Mr.. Harri
s idea is that the understanding
be a concession to the ''let up
ram which he would like to sub
uie for the national drama which
been running here in the the
of the republic.
ewspapers have not conveyed tt
people OF the country the true
icance of the bear crashes
BIB have startled Wall street oil
Huge fortunes of wealthy oper.
in stocks and bonds have been
Tered in many parts of the coun.
Prices on change have beer on
oboggan slide, and long lines OF
tiles have been moving down.
under the momentum of the
looked for panic.
TIA bility OF market values has
the distinguishing feature of
reet. Fluctuations have been
It unprecedented. Losses in
et values have been enormous.
he prominent stocks have suf-
Apparently, those which
regarded as the strongest have
he heaviest losers.
Zee, Mr.. Hartman came to
ngton to plead at the feet of
ore Roosevelt, to plead for the
ent to "let up. Like the hoy
S rolling in the dust with bis
playm ates in momentary anger
ght, and gets the worst of it,
les, 81 got enough. III be
outstanding that this is the
nt situation, those who are
70 the White House here know
ell that the struggle is by no
ended. 1t is recognized that
ow who in this instance cries
got enough "haS not yet ad-
the true justice of his antag-
s cause, that it is not to
market values in the street
n ich the Roosevelts, La Fol-
and Bryans are striving, put
piish certain principles at the
the list CT which is honest
cation of railroads, for which
has been waged. Mr.. Har-
pas not receded an inch from
tion on this fundamental is
e believes yet that railroads
Tate property, just as much
ry stores are, and that it is
te for railroad manipulators
ge In flotations of securities
esenting actual additions to
eriai properties of the roads.
rt, the battle for honest cap.
pn has not been won, so far
larrimans, Fricks, Morgans.
Guilds and their ilk are con.
They still would issue false
4 stock, still would add to
htion as in the past, still
ok on current receipts for
nd passenger hauling as SUBJ
vidend paying to the limit |
liable funds. and insist that |
provements and extensions |
made new stocks and bonds |
fntures shall be issued as
lrdens on the producer.
is true that the campaign |
begun. There must be COM |
render on the fundamental |
tore anyone who honestly /
ptically enlisted In this war
lsten to terms for an armis- /
y wan street is concerned |
OF stock tiotations there is |
nat 1T has been during the |
when a total OF sl5, ,OO0,-
securities has been created I
the actual value of which +.
10 be not more than 81, 600.
sere president Roosevelt, 1
Toilette aud W. ]. Bryan /
on the railroads" now, il 4
n that the fight for honest
OF rail properties as a
fate-making had been lost.
mean that spurious flota- /
Z continue as In the past, .
fden the people throughout
years.
the 1uctuating market
rail securities of the past
As have been caused by the
Tor which Wall street OPP
We been contending-the
ntinue dishonest eotatious
th the government stand