The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1908-06-11

In the presidential chair every legiti-
mate interest will be safe.
The other item:
cit is said in high financial circles
that an understanding has been
reached between L. IL. Hartman and
the managers OF the Taft presidential
nomination campaign on the basis OF
amity, which may have been far
reaching influence In the future. The
statement Is made guardedly. but
positively. and possesses the deepest
significance. IL Is considered OF high
Importance politically and financi-
ally
Two financial concerns dominate In
Wall street--Kuhn, Loeb & Co.. of
which Jacob IL. Schiff is the head,
and j. p. Morgan & Co., Kuhn Loeb
& Co., and E. ii. Hartman are close
~ identified In business. The bank
ing house OF which Mr.. Scbiff Is the
head handles Mr.. Harriman's securit-
les. 1t was Mr.. Schiff, it Is under.
stood, who enabled Hartman TO pur-
chase the Union Pacific railroad.
Well-infoImed persons here are saying
that 1t was to be expected that SchitI
and Hartman would be together on
the presidency-that II the one
thought 1t was to his best interests
to be for Taft. the other would natur.
ally reach the same decision.
So far ]. p Morgan has not accept
ed e-presidency In the Taft or
ganizstion. He Is abroad, but his
people are with Schiif and Hartman
for Taft.
1t Is not worth while to discuss
other individuals in Wall street, foi
they are all for Taft.
81 have been wondering how the
people OF the country at large would
feel when they read that Jacob ii.
Schiff, Mr.. Harriman's banker. is a
ice-president of the New York Taft
league" said one OF Governor
Hughes supporters to me. "Tc
make the circle complete, Mr.. Har.
riman should be elected. a vice-presi-
dent of the league, and the officers OF
the Standard Oil company and the
Steel trust should be provided with
honorary Offices Of some kind in the
organization.
Now, why have the good trusts,
the bad trusts, undesirable citi-
zens,n members OF the Presidents
Ananias club and all the other ele.
ments that 90 TO make up Wal
street, come to the support of Taft,
who, according to the representations
made In states like Michigan, Min.
nesota the Dakotas, Iowa. Kansas,
Nebraska and the Pacific coast
states, must be nominated II the
"cause" is to be kept aliveY' That
is question that is not easily an.
wered In detail.
The Taft management will say the
Interests became frigt tened over
the presidents declaration, "If you
do not take Taft you win get me. '
Why SHOULD the Interests greatly
prefer Taft over Roosevelt IL, as Is
asserted In the west, Taft Is the one
man who will carry out the Roosevelt,
policies?
1t is related here that the Roose-
welt scare words. III you do not take
TAFT you will get mel and the agents
OF the Taft candidacy appeared In
Wall street about the same time.
Former Governor Myron Il. Herrick,
of Ohio, was one OF the Taft agents
who operated here, and Henry W
Taft. brother of the secretary, val
another. Mr.. Herrick was a member
OF the reorganization committee o
the Knickerboocker Trust compan,
and bis position made IT easy TO
him to do missionary work for tn,
Ohio candidate. No one doubts for
minute that the Interests. which
include the speculative bankers. tb'
railroads and the trusts, expect Il
get something 10 return for their sup
port Of Mr.. Taft. They do not sup
port candidates WITHOUT some hop
Of reward.
Naturally good many persons hav
connected the proposal made at Wash
ington practically to abandon tn
Sherman antitrust law and the anti
pooling laws with the support OF til
Ohio candidate. Naturally again
the movement on the part OF tn
railroads 70 increase freight rates
associated In the minds OF many pei
sons with the political development
OF the last two months No one, I
the absence OF facts, would even Ii
sinnate that the Standard Oil con
pany might hope TO escape paymer
OF that SEQ, 0o0. 900 fine, but the fin
is assessed ana there must be an az
| justment sooner or later. The ste
trade has not been disturbed und,
this administration, and IL woul
not want 10 under the next one.
The republicans OF this state, aft,
you have eliminated Wall street az
the machine bosses, think they fors,
their party carrying load la tn
campaign under which il viii fall
il shall at hicago 90 into partne
ship again with what Mr.. Bryan cal
the s.money power"