Ashland tidings. [volume] (Ashland, Or.) 1876-1919, 1912-08-26
ROOSEVELT AND TENNESSEE COAL AND IRON.

pished ~ A''O-
he is an enemy to trustsg Is he an
but bad trust is good or
bad depending Judgment being warped by
controlling trusts are advocates Of or 20 @
presidential ambitions good because it
controlled by the because
under combine as charged
by Roosevelts opponents?
That should be Judged not by
prejudice enemies not by his unsuppord
Genial but by consideration of facts weighed
cool
Let us look carefully into the matter
effect motive the nsa
ton That will help forming whether the
ms act were good or Ill to the nation and whether
PEELED by high purposes
of lightning from clear The morning to find
that night the practically suspended cash
payment Whether the causes it was
with 1t lowered over the nation for months
more oppressive from day day. until
of financial
Corporation was capitalized for millions
of dollars put its
affairs financial collapse and
trembed on its verge The failure of gigantic
financial country would
necessarily pull down with it hundreds
a and private persons holding its securities those depending
way thou
sands of smaller indirectly
alton representing millions of capital.
At the height of the
from commerce. Tennessee Coal and Iron reached
on
the throughout the country of
the pani Commercial enterprs brngbt th th & W , snt OF
the land embd in the balance still waiting
was as dark an hour as had been the
The collapse of Tennessee Iron that
financial aggravated
panic to have drawn into the maelrom nstu-
enterprises country the crash would have
amounted a
The Steel and Iron at
fifty cents on the dollar Tennessee willing
collapse within few hours At that
Roosevelt
Coal Iron by the
However the point that to pre-
vent the collapse Tennessee
cred by the country for and
Wall street banks holding country bank balances
try banks were holding the cash The need
day available
this directing the Immediately place
the dposa the banks OF the country millions of
men funds This he did, making available the
The force of the panic broken
absorption by the Steel
Mr. Roosevelt says he consented to it to save the country from i
Admitting that Steel alliance money
eraey brought the competitor
that wholly conditions of pro-
ducton and country
astous effect of big failures generally been
than origin
The Sherman law of max
ing effective in disong trust combinations in
Roosevelt while the
trusts denied it. Since then the the Tobacco
RooseVs judgment has been vndated by the
have dissolved under the
effective instrument in the Sherman the checking
harm could
with the country
from the collapse of Tennessee Iron
considering
should be borne in mind that the
law proved effective instrument through which
t oU,v hecome M th haf w p IS % w. e s. In practce
a the trusts and
p out which the little
order better understand RooseVet
the Tennessee
has solution
platform Rooeves direct
through energetic
obstruction 1t promises of the
lutely Independent
flexible legitimate promises
revision the banking
panic the
been the
he hits directly the root of the
is
VI with reading Wilson platforms
alleged friendship the His policy
They
light before the
affect his action be
u by file.
In of