Daily Arizona silver belt., 1908-02-02
CARTS VISIT TO ROOSEVELT.
Head of the Steel Trust Showed MT.
 Loeb He Meant Business.

When the recent financial panic was at the height of it's fury, former Judge Gary, the real executive head of the steel trust, as the chairman of the most important committee of the great corporation, astonished the secretary to the president by bursting into his pri- vate office and demanding to see the chief magistrate immediately, but com manding Loeb, first of all, to get up J. Pierpont Morgan on the long-distance telephone That faithful Loeb was so dumbfounded that for while he was speeches.. He stared at the steel man, gasping for breath and flushing with excitement. Then he recovered his dig uity and frigidity, becoming again the stern guardian of the inner sanctuary, the unmeltable circuit between the peo- pie and their president.
 "My dear sir, he protested, "but you have no engagement with the pres ident. I shall be pleased to make one for some future date" Gary exploded with deafening roar "The tottering business and financial world" he shouted, "has made the appointment for me, and it has made it for now, this minutelo Loeb tried to soothe him. of you will be seated" he said, CT will inquire of the president whether he will be sufficiently disengaged to see you today" Judge Gary took grip on his voice and his passion. "Nev- CT you mind about his being disen. gagged" he said. "First of all you connect his private telephone with J. Pierpont Morgan s in New York. Then you go in and tell the president what I say--that there is just one way to save every bank in the country and the re- publican party from extinction. I'm here to show it to him, and therc is no time to lose.
 Loeb took another glance at the fash ing eye and distended neck muscles of the steel monarch, gave hurried in- strue tions for the long.distance tele- phone connection, and darted into the withdrawing office of the chief magis- ! trate of the nation. In moment he returned and led Judge Gary along the path to Mir. Roosevelt With pre- eipitation they passed through the out or cabinet chamber, thronged with pa- tient walters, and slipped behind the ! folding doors between that and the inner room. which had been cleared of others for the advent of Gary. Loeb retired. leaving the head of the great. est country in the world and the head of the greatest corporation in the Unietd States to take up the business of stopping the widespread crash of financial institutions.
 What conversation took place be- tween the two, what words were ex- changed over the telephone between the White House and the banking structure at Wall and Broad streets this writer cannot attest. The whole ayair consumed only a few minutes. Judge Gary emerged from the inter view and hurried away on his return to New York. Almost before he crossed the doorstep of the executive offices it was known in Wall street that the steel trust would take over the Tennessee Coal & Iron company, that this would save q great banking insti- tuition which was loaded up with that stock, that thereupon the tobogganing market would cease it's slide to the bot tom of nowhere. When some one asked whether this merger would not bring the United States government down on the hastily conceived and ex- ecuted monopoly, the ticker tape show ed it would not--telling the story with rallying prices and the restoration of confidence. Nobody wanted any other explanation; nobody cared.
 A friend of Judge Gary, speaking of him the other day, said: "When he gets into action he is thunderbolt smash ing into the sea. His work done, he leaves no ripple" Loeb can well be- lievc the thunderbolt version.--New York Press.