The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-02
LAYS THE BLAME
ON ROOSEVELT
Senator Foraker Makes Sen
Sational Address at Banquet
of Buckeye Society.
APPLAUSE FROM DINERS
PADDOCK SUGGESTED FOR THE
MUcK-RAKERs
APPLAUSE FROM DINERS

New York, Feb. six hundred sons
of the Buckeye state, residents of New
York City, attended the twenty-second an
nuaI banquet of the Ohio Society of New
York tonight in the ball room of the Wal
dorf-Astoria. The speakers were United
States Senators Joseph B. Foraker. Leroy
D. Tolman, president of the Ohio Society
of Chicago: Judson Harmon of Cincin-
natl; John D. ArchbOld, vice president of
the Standard Oil company, and Judge
Ebert II. Gary, chairman of the United
States Steel corporation.
John ]. McCook, president of the soei-
ETY., who acted as POSTMASTER, read
The name of Governor Hughes was greet
ed with prolonged applause.
Senator FOraker's speech was listened
to with rapt attention, which was broken
by applause from the diners. The Ohio
senator charged that President Roosevelt
mot only increased the general dissatis-
faction, but helped to create a general
business distrust and alarm. 49,
Due to undertaking.
Senator Foraker. speaking of the in
dustriai situation, said that just now it
is unsatisfactory. He spoke of the great
number of idle men throughout the coun-
try, saying that approximately 100000
freight cars are standing idle, and more
than 10000 unemployed trainmen consu-
tuted the discharged crews of this idle
equipment. The chief cause for the pres
ent situation, he said, might be summed
up in the one word undertaking"
regular crusade had been started, he said.
against, not only the wrong doors. but
the innocent also. The disease was in
fictitious and il had spread to congress
and all the state legislatures.
Senator Foraker continued:
Voice of President Heard.
IN the midst of all and over all was
heard the voice of the president. Con-
ceding that he meant well, his denunci-
alton of predatory wealth, swollen for
tunes. the criminally successful and the
bad corporations, were of such declama-
tory and frightening character that they
not only increased the general dissatfs-
faction. but helped to create a general
business distrust and alarm. He himself
recognizing this fact, facetiously remarked
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. 1t was not so
bad as he thus indicated, but it was bad
enough. the result was inevitable. Mar
ket values were affected. The decline
commenced. In less than twelve months
ii amounted to an average of more than
SO Is per cent of all railroad. industrial
and other stocks, grand aggregate of
more than SIS 600. 100000.
Crash Finally Came.
FINALLY the crash came All the kings
army and all the kings men, unaided,
were helpless and powerless in the pres
ence of the widespread disasters that
threatened. but some of the hated and
most abused malefactors of wealth came
10 the rescue and. TO the great relief
of the whole country, stemmed the tide
Gained the excitement and restored or
der Since then >muCk-rakers have been
at a di scOuDt. A more wholesome Senti-
ment prevails.
"One of the most significant evidences
of Improvement in the public mind as
well as in the conditions is found in the
fact that the presidents message of yes
teFday although il caused some alarm
and proved to be one of the fiercest ever
sent to congress, yet. instead of producing
a bad effect on values, seemed to stimu-
late the market, doubtless due to the fact
that the whole country realizes that as
the months pass and the end draws near
er and still nearer congress grows cor
reSpondingly more independent. while the
power of the chief executive as constant
~ 'wanes."
Paddock is Advised.
Senator Foraker closed by saying: Fin
ally il would be most fortunate if a pad
lock could he provided for the muck-rak-
ers, all of them. high and low, big and lit
tie. well intentioned and evil intentioned,
for il is high time to stop the slandering
Of the American people.
1.-THE discussion of party politics should
not be introduced. on such an occa-
sion. but / trust 1 may without impro-
priety express the belief that if, in addi-
ton 10 what has been suggested, the next
president will be content and proud. as
any man might well be. TO execute plain,
old-fashioned Republican policies, instead
of his own, our prosperity VIII not only
come again, but permanently abide with
us"
John d. Archbold ably defended the
Standard Oil company. which. he declared,
was one of the cOuntrys most valuable
business concerns. 1T has" he said,
been a blessing. not bane TO the cOun-
try" He expressed for John ID. Rookie
Teller the Iatters regrets at not being
able to attend the dinner and, of Mr..
Rockefeller. said:
when his career is closed and is judged
dispassionately it will be written of him
that he was not only one of the great
est business geniuses, but one OF the
greatest phiianthropists of his day"
Archbold provoked applause when he
said that Ohio comes to the front with
two thoroughly equipped understandable
candidates. Senator Foraker and Secre-
tary Taft, for the presidency.