Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-02-21
|OH|O SOCIETY GIVES APPLAUSE
TO SENATOR FORAKER'S SPEECH
The Senator causc In His Remarks About Muckrakers
Of High and Low Degree-Spoke At Length To Ohio
Socieb-Decares That Roosevelt Was Responsible For
Business Dstrust.

1t seemed as though the chief purpose
of every publication was to tan tiig
flame, and of every legislative body
to devise new methods to restrain,
and of every prosecutor to arrest,
fine, and imprison somebody.
In tae midst of all, and over all,
was heard the voice of the President
Conceding that he meant well, his de-
nunciations of predatory wealth, OF
swollen fortunes. of criminally sue
cessful, and of the bad corporations
were of such declamatory and fright
ening characted that they not only in
creased the general dissatisfaction,
but helped to create a general bust
ness distrust and alarm. He himself,
recognizing this fact, ,facetiously re-
marked that a mere statement from
him that he was determined to punish
and break up any kind of an offense
was enough to start a run on the
banks. II was not SO bad as he thus
indicated, but it was bad enough, and
the result was inevitable.
''All market values we're affected.
a decline began In less~than twelve
months it amounted to an average
of more thin SO IL per cent OF all
railroad, industrial and other stocks;
grand aggregate of more tnan the.
billions Of dollars.
Finally, the crash came. All the
kings army and all the kings men,
unaided, were helpless and powe, .eoa
in the presence Of the widespread dis.
aster that threatened; but some OF
the hated and most abused malafac-
tors OF wealth came to the rescue,
and. to the great relief of the whole
country, stemmed the tide, Gained the
excitement. and restored order.
Since then undertaking articles
nave been at a discount. A more
wholesome sentiment prevails. Men
are beginning to realize that, after
all, mankind is not worse, but better
than ever before, and that the BUSH
ness men, of Amerca are on higher
and better plane today than at any
time in our history.
'One of the most significant evil
dences of improvement in the public
mind, as well as in conditions, is
found in the fact that the President
message of Friday, although it caused
some advance alarm and proved to be
one of the Fierciest ever sent to con-
gress, yet, instead of producing bad
effect on values, seemed to stimulate
the market. This was doubtless due
| to the fact that the whole country
realizes that, as the months pass
and the end draws near am, Ell
nearer, congress grows corresponding
| ly more independent, while the power
/ of the Chief Executive as constantly
| wanes. fH
The acute stages have been passed
but the end is not yet Our acres
are as broad and fertile as ever, our
1 mines as productive, our capital is as
abundant, our labor is as good, and
our people are as anxious to do bust
ness, but conditions continue serious
| ly unsatisfactory. The practical ques
i ton is: What is the remedy? Differ
ent men will give different answers,
but there ares same points about
which there should be no real differ
ence. 50 a.' go ets-
In the first place, there should be
some Legislation in addition to the
financial measures under eonsidera-
ton"
| Senator Foraker then suggested
some changes in the Sherman anti
trust law and in the commodity clause
of the Hepburn rate law. He warned
against the danger arising from con-
/ fusion Of executive with legislative
and judicial powers of the govern
ment, and continued:
Finally, it would be most fortunate
If paddock could be provided for the
muckrakers-all of them, high and
low, big and little, well intenuonsu
and evil inteptioned-fOr it is high
time to quit slandering the American
people. They never deserved it less.
They were never more worthy of praise
I and commentator. There were new
er better methods employed by them
for the control and transaction. OF
business"