The Washington times., 1910-02-10
Letters From All Sections
IndOrSe Attitude Toward
Corporations.
ANXIETY IS FELT
IN WALL STREET
Despite Business Protests Policy
Win Be Carried
Out.
By JAMES HAY, j.

j j
Tell Taft and Wickersham 70 go
ahead against the trusts. II he puts
a Beef trust man in jail, wen all be
for hiIn.'
This IS the postscript Of a letter re-
ceived today by a man high n Ad-
ministration circles, and it did not
come ont Of the ''rabId West" but
sfrom the State Of New York
@If the President carries out his
program toward corporations as he
has announced It, the business IN
terests OF the country viii be cruel
fled"
This IS what a big railroad man said
this morning in discussing the present
situation IN the business and political
world.
To the White House there are coming
every day n increasing number letters
from all parts Of the country indOrsiRg
the attitude Of Mr.. Taft toward cor
poratous who break the law From
Wall Street there are coming {naportu-
nate MESA ges Of grief and distress, and
the President has been told that the
drop IN the values OF securities IN the
last thirty DAYS VIII be as nothing com
pared to what VIII happen II he goes
after che trusts.
President Stands Pat
And the President stands pat.
His Cabinet takes the view that the
recent fall IN securities and the wild
days the stock market has seen have
been totally unnecessary and have been
forced by the Interests themselves as
an object lesson 10 the Administration
that o panic Is already at the front
door Except for the fact that officials
Of the Administration point out that
such mOnleying with the market may
so too far and get beyond control Of
those who are engineering II, they are
not attaching any real importance 10 the
The Presidents program VIII be put
through Ss he has announced 1t As
soon as the Tobacco trust and Standard
on cases have been finally passed on BY
the Supreme Court, he VIII put the De
uIrJueDI OF Justice 70 work prose
cutting those corporations which have
been guilty Of breaking the law
Against those corporations which are
observing the law. he has made II plain
that he entertains no hostility He does
not believe that any legitimate business
enterprise VIII be harmed IN the slight
est degree by the execution OF his pro
Evam. And he cannot be made 10 be
Eeve mat the business Of the country
prosecution Of Iawbreakers VIII ucsa
the ruin OF business
Wall Street Awakening
Several messages have come 70 the
White House declaring that the entire
business world IS alarmed by the pros
rect Of what the next few months VIII
bring forth But one president Of a
bis railroad system, more frank than
the CHEERS, explains the situation BY
-. irE that Wall Street is just awaken
in-- 10 the fact that Mr. Taft IS in earn
est. a fact which might have been ap-
pre- ared some time ago
According TO the expressions Of opin-
I,- coming n the White House from
aT parts Of the country, the President
cannot so too far TO suit the people
the sentiment Or the public is IN direct
opposition to that Of the corporations
and. Just as he has incurred the dis
pleasure Of the trusts he has won the
Confidence and appreciation of the
masses.
Mr. Tafc's friends are particularly
Erarifed ut the strength the Administer
non has won in the last thirty DAYS
h,rsuSe they believe that Il VIII mean
the SEvfDc OF the EeEt House for the
E.1rhlirau-- II would he almost fatal
10 the Republican party IN the next
Presidential election II the next House
should be Democratic II Is for this
reason that the ceuntry's approval Of
che corporation policy is received with
E.adnesS-
But entirely aside from the political
tCrmined 20 go through with IL Wall
Street has done all Il could 10 dissuade
him and has failed
The President stands pat-verv DaE