New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-10-12

another Tomorrow because lne ffesl-
dent Of the United States. hts Attorney
General all those associated with him
give out one utterance one day and then
the next day take II back and apologize
for IT,
5usiress by Guessing Bad.
you have heard the President speak
about the execution Of the antitrust
law. You have heard the Attorney Gen.
eral quoted with regard 70 that DO you
know what either Of them is going 20
do? Does anybody know? Do they
themselves know what they are going
70 do? They have everybody guessing.
their friends included. and you cannot
conduct sound business upon q test oc
guessing You have got 70 know what
the morrow is going 10 bring forth.
a friend told me to-day of a remark
he had heard in New York 10 was that
some impatient business men said that
II they We're going 20 send somebody 70
Jail, why did they not get 10 work and
send him 70 Jail and be through with
IT, II was said that they We're not OBJ
| iectlng 10 sending somebody 70 jail bu-
to nor knowing whether they were going
10 Jail or not
And this country is backing and fill
ing. backing and filling. under an adj
ministration which never defines what II
is going % do. say. therefore. that
the only tEing that this country should
insist upon is that affairs should be
taken charge of by some persons with
definite opinions. and then say what
they arc going 10 DO and then do IL.
you want them first 10 say what they
are going 10 do. because YOU want 20
know whether they are wise and sound
men or not and after you determine
that they are trustworthy and their oo-
ject is 10 cure and set Alright the ills
from which We are suffering. that they
are not yindictive. that they are not rev
olutionary and that they intend 10 apply
the principles of Justice to the affairs II
business and Of politics. then you aro
going 20 get behind them with the ire
sistible might e the American people,
and YOU are going % spy: I'm Gods
name do this sublime work of justice
and We will follow YOU and support you
Tells What a Money Panic Is
WHY. gentlemen. unon what does
business subsist2 DO you know what a
panic IS? I mean a panic I'm tie money
market II is merely a state Of mind
To-day let us say. there is confidence.
Tomorrow there is panic. Is there
any less wealth in the country toner
row than there is to-day? Is there any
less money tomorrow than there Is to-
day?
What has changed2 Nothing except
the state OF mind Of the persons IN
volved. To-day they are willing 20 lend
money and tomorrow they are not will
ing % lend il; they call In their notes.
they won't renew notes, they get their
hands on every bit Of cash they can lay
them on. and the difference is that they
have lost confidence In the process ot
business for the time being. That is a
panic
Now that illustrates the whole situ-
alton I'M business with regard 90 public
.orinion. Unless business is sustained
nv the confidence Of the public that .
IS lust. that il is founded upon the ne
cessity that it rests upon fair dealing.
that there is fair competition, that
everybody has an equal show, YOU know
what is going 20 happen. There are 60
ing 10 be universal restlessness, suspl-
,fon. envy. malice. "a gathering force
Of passion which sooner or later VIII
fear ~ the very roots Of the whole
structure and destroy IL.
Restoration Of Confidence.
What is justice. then. IN politics ard
I'm the field OF business? It is the re-
storing of confidence hy laying IN all
the things with which YOU have 90 deal.
Here are the rem dies we propose In or
der 10 reproduce confidence. That Is the
object of every bin in which | am I'M
terested. 1 want 20 see the policies ~
the party 10 which I belong shaped not
to the temporary but 90 the permanent