The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1908-01-17
BLAckGUARDLY JOURNALISM

welt would sell his conscience Tor the
paltry sum Of $3.50? Do you believe
that any sum OF money would
go appeal to him that he would cease
trying to bring the criminal corpora
lions to time? The Indianapolis News
evidently believes the president could
be capable of any such dirty trick,
from the outrageous news article it
permitted TO be printed on its first
page last night, which we herewith re-
print:
Chicago, Jan. ia New York dis
patch to the Inter Ocean says that be-
hind the offer of the presidency of the
Knickerbocker Trust company TO Sec
rotary of the Treasury Cortelyou, and
the rumored split between Mr.. Cortel-
YOU and President Roosevelt, are pc
culiar facts. according to men familiar
with the inner affairs of the Knicker
booker.
President Roosevelt, it is declared, is
deeply interested in the fate Of an &C
count with the Knickerbocker Trust
company, which showed a balance on
October %. the day the institution
closed, Of $55.61O.
Various bank presidents in the city
have been told that this money be-
longed to President Roosevelt, and was
deposited by his brother-in-law, Doug
las Robinson, who at times has acted
al the presidents financial adviser. In
whose name $55, $40 now stands could
not be definitely ascertained. 1t is
known almost to a certainty that it is
not in the name of Mr.. Roosevelt. 1t
is believed to be in the name of some
member of his family.
When the knickerbocker Trust COM
pany closed it's doors it is said that
President Roosevelt became much ex-
cited and insisted that everything pos
sible must be done to restore balance
to the financial situation in New York
and to enable the company to reopen
without going through a costly re-
ownership. 1t is declared that Mr..
Roosevelt's disregard of Wall street
and the effect of the administrations
anti-corporation crusade underwent a
complete change and he directed Secre-
tary Cortelyou to exhaust the powers
Of the treasury TO restore matters to
normal level.
The series of historic conferences be
tween Cortelyou, J. +. Morgan and 9th
er New York finaEciers and the decis-
ion to deposit every available dollar of
the government money in the nation
al banks and to issue Panama canal
bonds and short term treasury certifi
Gates followed.
It is now said that President Roose-
Welt wishes Mr.. Cortelyou to accept the
offer of the presidency of the knicker-
booker, believing that he will be able
to bring the $4,000. 900 of unassenting
depositors into the reorganization
plan. Unless these depositors agree
to the reorganization scheme and the
trust company goes into u permanent
receivership the expense of winding up
it's affairs will be about $1,000, OOo-a
loss which will fall almost wholly up
on the depositors.
This would amount to tax of about
10 per cent and would reduce the 500
go account by $3.50.
In the first place. just notice the
source OF this highly edifying piece of
news, the Chicago Inter Ocean, famed
from ocean to ocean for its ready sup
port Of the crookedest kind of politics
and politicians. The paper that next
day after the financial troubles broke
out in New York, due to the exposure
of rottenness on the part of Heinze
and Morse, came out with a three col.
umn editorial blaming President
Roosevelt for the whole trouble. And
now this same Inter Ocean discovers
that the president has ceased his at
taoks upon the corporations because
some money of his was deposited in
the Knickerbocker Trust company, q
large per cent of which he would lose
In case the defunct trust company
were forced to undergo receivership
OF all the dirty lies that have been
issued against President Roosevelt this
Is about the lowest. and only shows
how far the honorless and honor-de
stroying sharks of Wall street and
heir hired newspapers are willing &c
20 in order to blacken the name of the
,ne man who dared to stop their dir
y confidence game. But they can not
'ool the people. The great masses OF
his country, thanks to the liberal ed
ication they have received through
he efforts of President Roosevelt
,uow just what kind of dirty. lying
lishonored sharks infest Wall street
And by The same token they know
, That an honorable man Theodore
roosevelt is because he has lived III
his oath OF office to protect the in
erests OF all the people and has moi
rostituted his honor in the service Of
favored few. But the thing thai