Los Angeles herald., 1909-08-10
SAYS WE NEED MORE
HENEYlsM, LESS HARRlMANlsM M

PASADENA, Aug. 5.-[Editor Her
add: I. w. Hellman, on his arrival at
San Francisco from six months tour
in Europe, complains that there was
difficulty in securing money for San
Francisco in New York on account of
the graft prosecution, or, as he called
it, graft persecution" and that New
York would not send money there as
long as the prosecution continued; that
Hartman does not want money from
France and that Morgan lost his pres
tige by his attempt to get steel listed
on the Paris bourse, which was due to
French conservatism. Evidently some-
thing has gone wrong. Is it more good
men gone wrong? What is Heneyism?
1t is the prosecution of bribers in san
Francisco by one of the best prosecut-
ing attorneys in the country the pros
ecution of men who unlawfully paid
money to the city officials OF san
Francisco to give the United Railroads
a franchise for a mere trifle compared
with the millions it is worth, the fight
ing of the most corrupt element in san
Francisco, aided by some of the most
undesirable element in Southern Caliv
fornia, the fighting of men who do not
hesitate at kidnapping or any other
crime to carry their end. This Is he
neyism. Even some of the grafterJ
admit the charge and the amount Of
from the mint through this soiled hands
of the railroads, and now men that
pretend to love law and order would
like to see the culprits go scot free.
When Mr.. Heney was down here over
year ago did he not tell US at the
Simpson auditorium how certain capi-
talsts had bought the properties that
composed the United Railroads for
about $21 600, 900 and had turned, shift
ed and merged them so that they had
finally bonded them for $92, 900. 600, and
to keep up the interest on the inflated
values they needed more franchises,
and If they could not get them honest
ly they would get them otherwise? How
does Mr.. Hellman do when some one
wrongs any one Of his institutions?
Does he say keep quiet, let us cover
this up, 1t will give us better prestige
Take, for instance, the First National
bank at Monrovia, of which Mr.. He'll
man is a director, which was robbed on
December IA, 1908. Did they not hunt
high and low for the thieves, and
when they were caught were they not
tried and sentenced and now are serv-
ing their terms? Did Mr.. Hellman say,
mo, we must not have trial; we
must not have this case prosecuted"
And probably the thieves in this par
ticular case thought 1t was persecu-
ton and better If the matter was
dropped, not for their own benefit, but
for fear if honesty prevailed and crooks
were sent to the penitentiary that
financiers in New York would not be
willing to buy security here.
Mr.. Hartman is characterized as a
great builder of railroads, and not a
manipulator. Pray tell what did he
ever build? Did he build the Southern
or Union Pacific, Illinois Central or
the Alton? And, If history is to be de-
pended upon, he did give the Alton
something to drink-yes, he treated 1t
by watering it to the tune of twenty
millions. And says that Mr.. Harri-
man, being a builder, doesn't want
money from Europe. Why does he fit
up offices abroad for business while
filting on a health tour? And why
this plaintive wall that the French
won't buy? The French see through
our manipulation, and while the
French are hesitating our Associated
Press reports state that Wall street Is
looking for new lambs to keep up the
market. Perhaps some Frenchman
has been able to read English well
enough to give the Paris bourse tip.
And even our good Paul Morton, presi-
dent of the Equitable Life, goes so far
as to want the French boycotted be-
cause they will not buy. Now, If we
want more confidence abroad and at
home. give US more Heneyism and less
Harrimanism and Morganism.
CONSPICUOUS.