Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-04-30
COLONEL PUT END
TO PANIC OF 1907
Tells How His Action in Tennes-
see Coal and Iron Matter
Averted Disaster.
HIS LAST DAY AS WITNESS
Loeb Testifies That Barnes Told
Him of Agreement With Muir
phy About Senatorship.

Barnes's libel suit after he had told
his own story OF how he ended tho
panic Of 1907 and had Identified a letter
upon corrupt conditions In New York
winch. 1t was represented was signed
pE Governor Charles S. Whitman when
ne was district attorney of New York
IN this letter II was said that the time
was ripe to rid the State OF the kind
OF the party control" which was mainly
responsible for corruption. The allega-
tlon was also made that the men and
policies responsible for such conditions
were not confined to any one party.
The name Of William Barnes did not
appear in the epistlc. but Colonel
Roosevelt testified he believed the ref.
crence was to him.
In tho letter Whitman declared that
tho men and policies responsible for
such corruption were not confined to
any one party, but the Colonel said he
believed Mr.. Barnes was referred to-
william Loeb. Jr.. once the Coloners
private secretary, also was a witness
lie sworc that Barnes had told him
mat ne had an agreement with Charles
r. Murphy. OF Tammany Hall, not to
interfere in the selection OF n United
States Senator. That was In 1911. prior
a.
chosen. 1t was while Mr.. Loeb was on
the stand that counsel for the former
President made futile attempt to get
before the jury testimony regarding
vice and gambling in Albany.
NOTIFIES NEWSPAPERS
OF WHAT HE had DONE
OF tho panic OF 1907. the Colonel told
how Henry G. Frick and Judge + IT
Gary. representing the United States
Steel Corporation had come to him in
the White House and told him that If
the d. 4. Morgan interests could take
over tho Tennessee Coal and Iron Com
panE before the exchange opened that
morning. the stock. much OF which was
held as collateral Immediately. would
become enhanced In value. and the
business Of the country, which was
trembling on hair" would not bo
suspended. The Colonel told how he
took action in the matter and then
notified the newspapers of what had
been done.
And he said. with pride. the panic
was stopped"
During the day Colonel Roosevelt
swore that he had not heard the names
or many of the men who were said to
have contributed large sums to his
campaign fund In 1901 until they were
read in court during cross-exa,ninat!on.
me Colonel also made explanatory
statements about his appointment Of
Judges and his relations with former
United States Senator Thomas C.
Platt and about speeches he made In
which the name Of Mr.. Barnes was
mentioned Asked whether there was
any invisible govern ment" while he
was Governor or President. the Colonel
answered mot the slightest particle"
TESTIMONY CONCERNING
RACE-TRACK LEGISLATION
George B. Agnew. former State Sena-
tor. gave testimony concerning voting
IN the Senate upon race-track legisla-
tion and the manner In which he said
Senator Grattan defeated the bill after
he had been advised by Mr.. Barnes how
TO cast his deciding vote.
Justice Andrews, In a statement made
TO counsel during arguments and while
the jury was out OF the room, asserted
that no evidence had been produced
connecting Mr.. Barnes with any cor
rupt connivance." IN so far as the mu-
nicipal government OF Albany was con-
cerned. Then he added:
Where the libel charges man with
being thief. 1t is not enough to say
simply that the charge is true, hut ono
must set up in the answer the facts
from which the inference is made.
Here the charge is that Mr.. Barnes
was corrupt in one way or another,
You are bound not simply to say that
the charges are true You are bound
to set forth tho facts, which. If true,
would constitute justifca ton; they
have got to be set forth so that, if the
facts are true, they would show cor
ruption.
That YOU have failed utterly to do
with respect to the Albany Lincoln
League and gambling conditions. but
am inclined 10 think you have done
1t with respect to the printing charges"
ROOSEVELT APPLAUDED
WHEN HE ENTERS COURTROOM
Colonel Roosevelt was applauded by
spectators when he entered the court
room. Court attendants had some Diff
hculty in restoring order
The Colonel was smiling as he took
his seat. and answered questions put
by his attorney. He was questioned
briefly about letters he exchanged with
T. c. Platt regarding appointment of
collector of the port Of New York.
and then was asked about the election
of Seth Low. for Mayor Of New York.
and a meeting he arranged between
Low and Platt.
THE organization had helped elect
Mr.. Low" the witness replied 81
wanted Mr.. Low to take the same atti-
tude l did toward the organization,
therefore, | wrote to Mr.. Platt about
a meeting between the two. / did not
want the organization TO feel 1t was
being sighted. But I wanted Mr.. Low
always to understand that he was to
do what he thought best. was Presi-
dent then"
How did you finally happen to be
nominated for Vice-President in 1902"
81 accepted to crafty President Nc
Kinley."
DO you remember hearing that any
OF the mon named By Mr.. WINS con-
Continued on Third Page.)