The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-06-09

| York financial district stands one OF
| the nations largest banks. controlled
| hy perhaps the wsaithiest family in
| the country. To the management OF
| this bank the mention of the name
! of Roosevelt at any time during the
| past four or i've years has been as the
rubbing Of salt into an open wound.
when. at the last State election, New
| York was handed over bag and UNI
brella to the Democrats, one OF the
controlling directors of the bank, in Il
voice atrembie with emotion said:
Twas an awful price TO pay. but
II wss a case NJ doing anything to get
rid OF that 'rabid hs retic' once for
ALL
Declares For Roosevelt.
The management Of this sa me
| bank has now declared itself in favor
| OF Roosevelt. predicting that he Will
| be nominated and elected.
| The explanation OF the tremendous
transition IN the attitude OF the pow
! erful business group. which. up to
| ten days ago. looked upon the ex-
president as the most threatening
| spectre on the business horizon is
| this.
| We have decided to support Roose-
/
hatred Of the mans personality, he il
the only man ia sight who can give
the country the four years of tremen-
dous prosperity for which all funaa-
mental conditions are ripe.
If We are going to have prosperit;
for the next four years. the railroads
| Of this country must have 81 moderate
1 Increase in rates. There Is no market
| for railroad securities today, except AZ
INN ne n har No.
with the increase In WAGES and taxes,
| and with the decreases in rates under
| government regulation, the investor
+ no longer has the ASSURANCE OF secur=
! ssy OF railroad earnifg~s THAT wifi ft,ssky
certain even a fair return of his cap-
! itaI, For that reason the investor
has turned almost entirely to indus-
! trial issues which yield per cent.
or per cent. This change in Ameri-
can investment conditions Is momen-
ltnus. -,neaas-that-a unless greater
assurance of security Is given Ia the
railroads by the government. the rail-
! roads will be unable. IN the future, 10
sell their bonds. except at prices thar
mean that such profits as the roads
! may make will be eaten up by inter
est charges. That would mean that
the vast capital requisite for the de-
yelopment OF the country In the next
Z
r. r. tho Only Man. z
/ Theodore Roosevelt is the only
man who can convince the people OF
| the United States OF the fairness of
the demand of the ra threads that they
j be allowed TO earn suit. cient to pre-
vent the diversion tf capital from rail-
/ road securities. He sees the position
the railroads are In. He appreciates
| the attitude of capital In it's demands
! - cox. ga.
| he knows that with rates at their
present level these will not be Invested
In the country transportation sys-
tenn In the M .iree or four years
the hundreds OF millions Of dollars
necessary to provide adequate increase
| OF facilities. II he is elected. he viii
work for a moderate increase in rail-
road rates. because he knows That that
viii mean opening the flood gates al
tremendous investment In railroad
development. and that that viii mean
four years OF the greatest prosperit,
the country haa ever known.
His Election Means Prosperity.
That is why We shall henceforri
support Roosevelt. His election vii
mean four years OF .~emendous enter
prise because ne has the contidenc,
OF the people. and he alone can maxi
them see the fairness and necessity o.
encouraging investment IN the coan
ltry's transportation system. thar nine.
teen billion dollar enterprise, whosi
iremsonah ie prosperity means so rtet
as q foundaticn for "eocd tfmes3
Back OF this surrender OF sUcs
opposition to Roosevelt below FNuitor
street Is the story Of the growing
power and influence Of a wonderful,
capable man of whom the country hai
! heard little. The country has known