Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1911-11-30

Washington. Nov. 2S-Wharton Barker.
retired banker of Philadelphia. sprung
sensation on the Senate committee on
Interstate commerce to-day when he al
legged that New York nnancier told him
in 1904 that the financial interests would
support Theodore Roosevelt for president
because the latter had made n bargain
with them ION the railroad question"
Mr.. Bankers statement came in the
midst Of OF vigorous attack on the
money trust" in which he allege also
that President Roosevelt had been given
the details of the impending panic Of 1907
several months before ii happened. but
took no action to prevent It. He declared
that the Aldrich currency plan was the
handiwork, not of former Senator AID
rich but of Mr.. Warhurs of the bank
ing firm OF Kuhn. Loeb & Co. OF New
York. and that a fund OF 100000 had
been started to insure its adoption.
Three OF four weeks before the cleo
ton In i@pi. said Mr. Barker. Il was
walking down Broadway when | met one
of the most distinguished money kings in
New York q man now dead. He said to
me: We are going to elect Roosevelt
| expressed surprise and asked If he had
given up the support OF Parker. He said
yes; that they had frightened Roosevelt
so he had made q bargain with them"
ALL WISHED SAME THING.
Members OF the committee looked
somewhat incredulous. and Mr. Barker
added
II wish Mr. Roosevelt were here"
II wish he We're, said Senator Town
send at would be interesting
Mr.. Barker said the financial giant,
whom he declined to name told him
that Roosevelt had made bargain on
the railroad question: Mr. Barker con-
tinued.
He is to boiler all he wants TO- he
told me, but by and by a railroad bill
will he brought in by recommends don
of the President cutting off rebates and
free passes. which suits us. who own the
railroads. permitting The railroads to
make pooling arrangements, and pro-
viding for maximum rates.
The railroad man added. said Mr.. Bar
ker. that under the latter authority It
would be possible to add from 500 900 600
to s4O0. 600, 900 to the total freight charges
paid by the American public.
Il told him didn't believe Roose-
welt had made any such agreement"
ea'u W. Ia" en-, '"' ""eh ''e ""
'''' IOWA VIM " I'm VS.
he recommended most OF those things,
wrote to President Roosevelt and told
him what ! heard: and that had thought
'e 'u' nv" mus. oe'e'
nav NV ''' o"S "'o' Vi
'''o '"''e" W
""s"
VI 'ne '"'''''''''ee ASKED MI
i'arher u give 'he name OF the hnancial
man WV ,''u .''u MN '"a' HooseNe cit
WIS " "e ''eoVeu'
PERHAPS TT WAS HARTMAN
or oor,o, do 1, oo,, NJ pa., ...,,,
subseou.r,,,. sorohoa,. va, o,,o,..., >,
bo,,a s,o,ar COVE ,,,,roa,,,,,,.. ,s.,.
nv ty.rr,,ra ana IT, ut, .ut
of 1870 o,o nut I'M For tbo o1oc,,or ovnarsas
tn the civ of New York
Referrinp 70 tho manic ., ,uoc Mr.
Barker said n man who w,s nreeent n, n
conferenca AZ y Norc,r,, ho,,so II,
Nav cs,ne To mir, in phuoaa,nb,, .ord
wanted him n usa h,s ,nousnca u,,r
President Roosevelt n sion MAN tina,
had been manned on, no aIeead hv IN,
financial leaders Tho man was q
captain In the Rough Riders he said
and had used his own influence With m,
President. but without avail
The plan" said Mr.. Barker ICON.
templa,ed the curtei,nent NJ loans N,
withdrawal OF credits. the nutting awa,
Of mOnev nv those Interested uboro ,h.y
could get it when they needed It TO sto,
the panic and the enforcement of tho
various State lava regarding the holding
of cash reserves by the banks and trust