Bisbee daily review., 1909-12-23
THE ISSUE
Becoming CLEAR.

The ISSUE
BECOMING CLEAR.
The issue that is going to be
pushed ia Arizona by the republicaa
organization is being revealed here
and there ty the faithful organs. The
other dag the Bisbee evening Miner
printed the following announcement
in black type.
IA last. the trust controlling cci.l-I
adverse legislation provokes reprisais
on the part Of great financiers-LegalI
o7gar.zeision is arosded-caanot at
tack the intangible.
= Th.s sounds like note of slee.
as wsr as a rcbuke to the country
for reform and regulating legislation.
And what it is based upon. The fol-
lowing dispatch:
View York, Dec. 2i.-As a result
Of the appalling prospect of adverse
judicial decisions and legislation in
imical TO interests said TO represent
more than $4,000. 100000 of capital,
new community of interest has
been, formed. headed by ]. P. Nor
gan and his banking house. to con
troll the finances of the United States,
and through this source. the political
destinies OF the country.
-
Here are some Of the things the
trust could do: It could call $780,
any adversary.It could reduce credits
to such a degree as to cause extreme
money strigency and great CONNER
cial distress. 1t could tie up the cash
holdings of New York banks by de-
handing certification of checks for
enormous amounts 1t could deplete
bank reserves In New York By caus-
ing shipments of cash to any part of
the country
at could make the money rate of
Interest almost what it chose, from
per cent TO 100 per cent on call
loans. It could cripple the financial
operations of the government by re-
fusing to purchase any bond issue.
It could dictate the financial opera
lions of great railway systems and
expanding industrial concerns. It
could and does dictate the terms and
exactions Of every company promo
ton that is important enough to be
financed in Wall street"
BY controlling the cash supply
these great finaaeiers.~ We are in
formed. can ruiu the government it
self, or cause wide distress among
the people; me whereat the Bisbee
Evening Miner. representing a faction
Of the republican party. expresses. in
effect, great satisfaction, and implies
by its remarks that the country is
about TO receive what was coming to
it as result of its foolish course in
attempting to regulate corporations
and enforce the square deal
I Yet, practically all OF the regulating
laws now on the statute books were
enacted by the republican party. The
faction represented i-by Cannon and
AIdrich violently disapproyes this leg.
islation. and desires to nuIiify it. or
at least TO prevent any more Of it.
The standpat. idea is that the coun-
try has no business inquiring into
the methods or iaordinate profits of
the trusts. and should let them alone.
The issue becomes. practically. wheth
or the country shah meekly submit to
this note of defiance from the great
financiers, who can now cripple
the goevrnmenf itself. or cause
widespread distress merely by a
twist of the wrist. or whether by a
shall let, them know finally and for
all time who is ruling the United
States.
The republican organization in Ari
iona evidently not only favors. but is
prepared to fight for surrender to The
standpat idea II Is probably planning
20 manipulate politics, appointment
ana elections 10 this end. and hopes
TO have the state Of Arizona sewet
up tight In. the same sack with Rhode
Island an opponent Of progress il
popular government and a stumbling