American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1908-03-28
A WELL DRESSED
HICH-TONED PANIC
Senator Borah's Opinion Of
the Financial Furry.
Senator Borah Tells q New York Au-
dieace Sonething About the Re-
ceat Panic asd The Mea Who
Participated 10 Il.

iNNNa htAo US WV sa'NNA rsN>fHf -
New York in which he said:
a few weeks ago We had a panic "a
well dressed. highly aristoerstie and
thoroughly high toned panic. Everyone /
participating in the panic was many 4
times n millionaire well respected, .
conservative man of business and
seae,ionAry in politics. Whs, caused
the panic is still matter OF dispute.
Bu, this much Ia certain those scenes
Of iawles.ness. reekieasness. frenzy.
theft. repentance and suicide were not
OF the peoples making. This much
more Is certain /, WAS the deposits Of
the people. the small earnings of those
Of moderate means which were used 10
.,sy the frigh,ful disaster inaugura,ed
by .As daring and recklcHsness OF ,hoas
leading business men.
III Was tbs rcyrlry Of the chosen
few. while the great mass Of people
throughout this great lard. patient and
forbearing. paying bot little attention
10 this disturbance on the roof garden
Of finance. toiled on and By courage
and conservatism did more TO bring
back confidence than all else. II the
sna.~cs had become excited. ss did
those f~~ hundred about the ecnters Of
conservative business places. there
would have been a holocaust Of ruin
from ocean 10 ocean.
II have no patience ~tth that speci.s
pf artir.. d-tuaxcxy which invs.yhs
avains, rich mon because they are rich.
which srrasgns corporate wealth honest
" used. which wars upon the fruits Of
industry ansi fruxalisy. ~aild snita
the uncomfortable .aventurer ? who
would raise HIS parriei3sl hand against
ne constitution whether he marches
under the banner Of reform OF tire red
aas Of anarchy. That old charter of
governmen, has no companion or count
erpart in the world of politics or in the
.eienee Of government in It's wisdom,
strength and sympathy II !, stands alone
arr! all questions touching the rights
and obligations and duties Of our peo-
pie riuzt be settled by It's terms. be
i,sys as 40 well ssid by one of the great
est lawyers Of this country. that 1T u
our duty to preach constitutions
morality To the rich and To the poor
To all trades and to all voestions, to al
ranks ard to all classes. in the elites
ard on the plains To protect pro
perty "a wc would protect persona
liberty. for under our civilization. vest
I'd rights and personal liberty wall
hand in hand.
But on the other hand. ! denoune'
- libel upon the whole history of OH
sstion the charge that Democratic in
stitutions are failure. repudiate ans
forever reject the insinuation that tn,
mob spirit has any hold upon the mind
Or entertainment In the conscience
of the great mass of the American reo
DC and believe this talk Of distrus
and doubt so constantly heard is just a
vain, just as futile as that of the strug
CLING agitator who thinks that by ap
peals To lawlessness. and strife he car
swing the countless thousands o
Iaborers who are now loving and patrt
otto from the path of rGstisade ans
Righteousness. The American people
are as whole sound and perfectly loya
to the old time precepts of representa-
tive government. Those of little faitl
may worry for Ne hour. but man VIII
looks out upon seventy millions Of peo
pie stretching from ocean to ocean. in
dustrious and frugal, active in business
affairs active In political affairs, prou'
of their institutions and anxious t
transmit them unimpaired to their son
and daughters. knows that the decree
still stands. that the governm ant of tn
people. for the people and by the peo
pie shall not perish from the earth.
'Esto perpetua. mayest thou las
forever the inspiring motto of Idaho
powerful commonwealth which ha
been carved out of the desert waste b,
the perseverance and devotion Of tn
greatest Of all empire builders, tn
American pioneer this Is the subjec
assigned me for the evening. It voice
the sentiments Of the brave and in
flexible who conquered the desert to
ward their own state and, in my judg
ment. It voices the sentiment Of eight,
millions Of people toward the larger
greater commonwealth within who's
borders is found more Of personal frss