The evening world. Newspaper, October 22, 1907, Page 1

~to Punish: ‘Successfur Bishorresty. and He Will Persevere in-Them: = NASHVILLE, Tenn., Oct.22.—President Roosevelt in his speech | rat the Auditorium here to-day said: ay {There has heen trouble-in-the stock market, world during the past few months. The statement has frequently been} fmade that the policies for which I stand, legislative and executive, are! ppesponsible for_that trouble. New,-gentlemen, thésé policies of mine | Mpunish successful dishonesty. 1 doubt if these policies have had any ma- 4 ‘terial effect in bringing about the present trouble, but if they have it ‘will not aller in the slightest degree my determination that for the re-] ‘maining sixteen months of my term these policies shail: be persevered \ A Jin unswervingly. 5 t "If to arouse that type of civic manhood in our nation it were nec- fessary to suffer any temporary commercial depression, | should consider | Whe cost but small_All we have done has been to unearth the wrong- ==doing: {all I did was to turn on the light. 1 am responsible for turning on the” “fight, but 1 am not responsible for what the light showed. It is impossi- ie to cut out-a cancer without making the ae feel fora few ve ather-sicker than.he. felt before. Qiigher things. -i-am well aware that jn any such movement as that tn which we have been engaged there are sincere men who take advantage of the > movement to do away with the wrongs of wealth—themeelves to inveigh | mgainst wealth. ‘J will permit neither the criigoue upon one ‘ary on the other to drive me away from the course or policy whioh I re-| “§mportant to remember tx that that policy -has two sides. It would- indeed ---be_an_evil day for this nation, it would indeed mean th gard most vital fo: the well being of this mation. And the things most | “ROOSEVELT STANDS oes ao “Yean be summed up in one briet semtence, ‘They tepresent-the-etiort to, it-was not the-fact-that it was unearthed thdt did the damage, |. ef our nation’s greatness If we ever permitted in this Pe neas “success. _“Fhere 18 nOthiog Daser’and-m ‘Prospers honestly, smiply hecaume i epirit of every-good American when. i say the honoast railroad man, the hon- rvice to the community, 1 challenge the spirit of every good American citi- all tnjusice. “Ifever there rhould be any temporwry gusts of popular feeling that emana what Was wrong, what was unrighteous, then the tray servant of the people, | “ahe man who truly serven the interests of the peoptt Is tlic man who (rs fo) | Uhat-temporary wish of Wie péople to do evil. evil, (Great applause.) _ | CRIME'S CRIME NO MATTER WHO COMMITS IT | “No man will stand more'atrongly than I wilf-in’ the defense of Drowerty, y@o-tong ex it is honeatly acquired, and honestly used, (Cheers) {will atand against the poor man if hed Tila as Twill wtand erainst the rich man if he does wrong. I will stand against criines of brutal ‘violence, just as I stand againat crimes of unscrupulous cunning. A crime a1 » rime, and It makes no alreereteg whether the wrong 1s periintrated. by. plutoe prospered, and” I challenge the e¢t_banker_and the honest businces-man, the man-who makes a fortune he-_ wauee his exceptional business—abliity enables him.to render exceptional | ppirit. which’ would discriminate against the honest_man who “aise! Momentum, ren when-he shall receive the amplest protection and be safeguarded. against ;~ ( Ss “Circulation Books Open to All.”? NEw wOR “ Circulation Books Open to Ali.” | OCTOBER 22, 1907. PRICE LS in the high financial) [iS : ne JAMAICA RESULTS. (peetal to The Evening World.) JAMAICA _RACK-TRACK, N,-X.. Oct .—Oraculim and Momentum were ty | heavily piayed horees’ in the Gowanus Handicap there -to-day. Oraculum was thind and Momentum fifth. Tom McGrath was the winner and with jota to-spare, After the frst rix- teenth was run the resukt was never in dourt —— ‘The surprise of-the=race waa Hand- Bhe-ran—e—ewell race, coming from behind. the leaders to get the | Mayer & Co., No. place) 2, Banyah 3. SECOND RACE—St. Nalentine (7-H ‘loors. | to 1 and 5 to 2) 1, Voorhees (3 to 5 babiy- en for—ptace)2, Bad News 3, ~~ Mar for do! and even) 1, Right Royal (3 to 1/ilsht. the class that owns are blind If they-sco the facte In that Ment, “power honest property: == ef my abil rear wenlth. a patina I alll prtect o way in my I_will-protect tho honest man of woatth to the extont And inno-wa) ‘otect_the honest inan-of wealth H Oe dating” e Swer'to bring te Justice his dis- Grent applause.) Peace ST nna TO PUNISH RICH CRIMINALS, “He it a aimMenutt matter to punish the erimes of unxcruputoia cunning ‘com: milited by mon of reat wealth, It is a diMeult matter to punish ax he should do punisited the, man wo, at the head of a great business concern or at the head of n gre bud, who does wrong to the whole body yoliits by miaman- axement of that policy: it ja diMcult because as yet we hardly have thesproper Liws, and KUN tore because the people themselves, through tnoir representatives end personally, do notlyes fully realize how serious tho crimes ara which are | committed in this fashion: “Tho nan who billds a railroad*to’ Anancial success. yMmhere 1c 1 needed and runs §{ hon- ently is A benefactor, Wo should back Hun up and project him againat unjust @ttacks. The man who manipulates the securition of that railroad mo aa to. windle the outside publi, or the stock. “holders or the Investors of any kind OF mhilppers; to! swindle the peoplo at Jarmo—that mia js doing ‘all that he can to bring/dowst In ruln the fabric of that if we should Jet such a ‘state of uffaira exist, not only @) we bring about a determination of the public conscience as\a whole, but aa sure as fate we ultimately invite ignorant) ai reaction, which in \crampling out the wrong, will trample out each right at the eame time; which in punishing the wealthy’ wrongdoer will infitet, the ‘punishment #0 brutally here ore Paki oe sntiginan who have aMected to misunderstand my porilon 12 ut ‘the effort came too late. ~ + |he-could do was thi 3 and #) unskilfully as to confound Jn tt many men who have done, honostly and | well. our Insijtations, dnd it is our business th setooir faces ke Mint against hin , MrouRdoing; to war to undo that wrong: | F doings tn {of thy peavie a A whele rily In the inierest of tip honest man of means, (Ap- plastve.) ‘Atonement: Largely Vicarious. “Remember this, jut atonement ini property. the man ef great means, wit! hia world is largely vicurfous; that i¢{do well In torn and dn the loftiest way | fwe ai suping and fet men of great {back up a rational mo frwealth et before the country as al form: a rational maven _fwhole the standurd of ,successtul ‘dis- honesty no that youns men are taught Alo think of buslneas. trickery of eynaion gand violation of the law, of atock gemb- Mag and awinding as the chist reade of gaining wealth by successful al Honesty, stopped before {1 goex so far! as to invite the very reaction’ of which \T epost.» (Applause.) over the acoumulathn “and: -bisiness une of thean great fortunes, as will, it (Continued om Second Pagn) > "L want to see the procesy, the procesn | supervision nnd control over the use, | And the man of f#tretch did St: ment for re- | Ni | {anoa possible contender Tom MoGrath | ! Abraham B. “Scandal Over SSS aE Sy “Piend brea Sie Stoo: | and Force: FIRST RACE—Explosion {6-t0 3) ini, afternoon for _$1.0W,00). and 1 to 2) 1, Rosimiro{7-to 5 foréro, the ussienec, Baylis, -both nee Exchange, Mayer & in Cabs iD ‘Withdraw Dosis” _ From Branch Otfice Opposite Waidori-Astoria. ‘Form ing Separate Chane ee After Run That $8,000,000 Payments Fail to Check CORTELYOU HURRIES HERE “TO GIVE AID TO THE BANKS. ‘There Were Wild Scenes _at.the Main Office. and Various Branches-of the Crippled Company After the Suspension —— ae Was eunOunced, So serious did the financial situation appear immediately after the Suspension of the Knickerbocker Trust-Company this afternoon, follow- ig the paying out of $8,000,000 to clamoring i the presidents of all the trust companies in the city met in the, Downtown ‘ Club, at No. 60 Pine street, to discuss drasti¢ measures for, relief. | Levi P. Morton, founder of the Morton Trust Company, visited the ‘| financial district for the first time in many days to attend this meeting. Among those who attended the meeting were Leslie M. Shaw, presi ‘Gent of the Carnegie Trust Company; Otto T. Bernard, president of “ithe New York Trust Company of America; Philip S. Babcock, vice-preal- — 1 Wall street, in’ a ptatemen put thar the eR. Le itis: _ faved two-hours ater the firm closed that the assets would TaTateretthe—atockand monpyamarketr THIRD RACE—Juggler (5 to 2i pit the affairs of the firm In a bag BTarsel Maser tr the-head LoTR => ANSON CA and 5 OF made inky of dealing In the ae and MAYER & C0. ASSIGN | ‘PanickySlumpi in the Market and High Money RateCatches Firm Suddenly | § Suspension with Heavy — =Eiabilities -Hope -to-Pay Debts. failed jal Counsel |_ BOVAUN OVER iethe creditora to kolieet } pre ker's performanco in. the | wpe Aicisraceieeeent Pesigee of ugly talk. (Si toni: for nace) ia Oraculums ¢. hbonds of the coal-carrying ca He ran as {f dead and ee FIFTH “-RACE—Tiro (7 to 5 gnd_particularly, Delaware a0 nL fn Bite effort with him. Digan— wer fo6) 1 Russi 1G to 1 for on™ Marcus Maver was hea: tere vi = couldn't | t = ested. Ldwrddascautis he _eyidentiy—oou contre nesignament.wnainide. to Willdany TainiC tplace)=2:-High Glass 3, Mhe stewards! called- Dygan into the | stand after the mice, and ‘it appeared | ja if the jockey got a dressing down! and 2 to 1) 1, Ida D! mu leasts | place) 2, Marion Louise 3. Favorite Won" First Race. : Explosion wae the favorite in the} iis paturalty the pr: opening dash, and he won easily at the When it reached 4 tod end atter following the pace of Rosl- | Juggler mone: the stretch turn, Bellwether ran *4nde were Prominently right Into the stretch. but 10,2 to 1 lis completed. pet) “Juggler wor ina gallop after trail-| MoCarthy ‘brought Banyah up with aig Gkenite to the head of the stretch | than an hour. LR. Goldbeck, (4 to 5 for! way. jbeck’s attorney's. went bac! pe rimermne appeared and after thou- | Det, Rnepp” Ee eniaioune stands al ponders OrrADa: Okenite aut wren | =) chught, here was) thereafter nothith throurh the stretch, but he couldn't pre- | Hs Thera iwaay theres hing | ice \neasiness at the end, Right epovalr| ist had been knocked back at the; urn, vent his quitting, Bad News Just Lasted. ve a heavily backed choice | in fre second. race. Opening at 3 to 1. jsecond moneys Right Ro; [issued the following atatemen | "No precise and detuiled sta Tine Arm's condition can be the assignee witll an. investix the price went back |the books and accounts’now under way It all happened in less came again to fight ft out | den tightening of jwith Dolly Spanker, the favorite for) The firm wus unable to borrow, and it make an assign-} so, 10 1 Mr. Bainbridge the money m a member of the law firm sul RACE—Whiptop (6 to 4! or" Alexander & Colby; ‘Alexander & Colby are Mr. Gold~ Rromd> Colby ‘The members of the firm thought |that the assets were more than sufficient to cover the liabilities. Alarming slump in stocks and the sud- Then came the arket. 7 to 5 at the close, yal outamed | Seep enare ares Penile ines well AEM, Close: iim and was second easily gia teem db ‘attended by Golden Shore. to | r Heart che pace. At the far turn Golden | Cheap Bunch. In Fifth, Mr Mayer and the firm held 29,009 | [Bhore wax through, bull Voothees kept |, Tiro proved. the est of the awful shares of Delaware & Hudton VEaNC on, und teaing info the atreeh | bunch of maiden th Hole ana ee vare ea Tooked wa eage winner, Atth race, egyens olds declined 3 i Pe tn had begun to loom up now /HArU toc oH are ee sadiing oh Ru High Gloss came ott of the mel, to be dn ease Ourd. was a ‘ouneh of Ups on thin race ndiigh money was waered to. bith re Tot ten over, Sees for part, of thes! Money, but he Waa Jn a dad poaition, —} ‘Not ounti! they were well Into. the Valentine threaten. He ith great jumps and in the uring | approxima The fro of an came through jtho last ten. yards caught Nama eloved tant taeoen 19 Dr a pool LATONIA RESULTS. hitd jet ! | ment beck atnin (4 tot Ene uo ‘Killing Made on Juggler. FIRST RACE it Quite*a killing was made on Juggier| and § in the handioap for, all aged Carouah pines) 2 1 betting trick. ‘The high-stool men bell) seco AC ION He \ooTe: eal (union) sheep Fy 90. Oren Ingsler at 3 to 1 atethe opening, but fon Phone 4 there, waa no Juggler money in alght ‘2, {ivtauing, wny tun rath, guage, Lowery, ; dent of the Trust Company of America; George W. Young, director. of | the Windsor Trust Company; Oakleigh Thorne, Leroy Baldwin, of the [Empire Trust Company, and John E. Borne, of the Trust Company, “Association of New York. oe President: Higgins, -of--the Knickerbocker, Sald—when—he..emerged. bate on what could be done at length. He said the ies companies would | now seek to.unite and organize their own clearing-touse. That matter was before the meeting-as-well-as the question of assisting the Knickere bocker Company. i Secretary of the Treasury Cortelyou left Washington for this city. at four o'clock. Before starting he directed that $6,000,000 be deposited with New York ba soon as the necessary collateral had” been’ fur- nished:—-fHeis expected that-he willed $45,000,000-to this. sum,-makin {a total of $21,000,000. CORTELY OU WILL GIVE AID. _ 2 “Before leaving. the asury Depa artment Mr. Cortelyou Statement: “THE SECRETARY OF THE “TREASURY 1s PING IN CLOSE TOUCH-WITH THE BUSINESS | CONDITIONS THROUGHOUT THE COUNTRY. IN THE MATTER OF PUBLIC DEPOSITS-HE WiLL —— AT ALL TIMES CONSUCT-THE NEEDS OF LEGITI- ~~~ MATE BUSINESS INTERESTS AND WILL” NOT HESITATE TO DEAL-PROMPTLY AND ADEQUATE- _LY WITH ANY SITUATION THAT MAY ARISE.” __|__A. Barton Hepburn, ee the Chase Spee Bank, one te a AND inte the city’s largest fina jstatement this_aftermoon:- “ seals sat it beliewe | cere tanking ¢ Gonatiors: “will continue KE made that the tab Bities arxregated wo the: Mpanckal district began to and take -otve. - due to peculiar methods of certain parties, who have been _ forced out of the situation. The Cléafing-House will con- lle Aor suai assistance as Bay be RECeSSALY. u Mother Fainted Fainted in Drug Store in Which He Died— y_advanced to. 70-per cent., one. icant of $300,000 being made Coulin’t Give Address. Jat this rate. |RUMORS ABOUT RYAN, ‘ —A~ handsome, stunty boy crossing | To further agitate the already surcharged atmosphere the report was Thirt enth street at Broadway with ) ° ambulance TROTTERS DIVIDE HEATS. thisafternoon was run down jeirculated that Thomas F. Ryan had been forced out of the Morton Trust ~ yocker Drug Store, at the cor- elt Hospital, } | Ran W as - N ot Checked and fatally injured oy a hansom cab /Company in the same fashion that Charles T. Bamey was persuaded to driven by Frank Fox, The name of the K ‘kerbock Ce . resign from. the presidency of the nickerbocker Company. wits too hysterical to give an address, Sh nd the little felld vert i ‘ ; She Nhotnant report in the following statement: noth suddenly swung in from Bea rey “ } 7 ji RR horse Aoeaaaboateneate The story in circulation that Mr, Thomas F. Ryan has resigned stumble dand fell, One of the wh Of the hansom passed over ys neck. pure invention. Mr. Ryan has not resigned and has no intention of ‘Half a dozen men picked |doing so. The subject has never beén discussed or even suggested.” » Diaced him In the cab and Sa ARE The boy | erbocker Trust Compa this afternoon tendered his resignation as & aE director of the National Bank of North America, . the driver, was a fainted In the The closing of the general of ices ail va, Harlem and Bronx ing Pare tl) branches of the Knickerbocker Trust. C aaa iy occurred simultaneously. boy was George Schultz, but his mother President Levi P. Morton’ of the company. personally denied the north across the street when the han- Schulte jumped Backward,” put: the, ioe jor intends to resign as vice-president of the Morton Trust Company is The accident was witnessed by scores driver (to hury to the} Charles T. Barney, who resigned from the presidency of the ‘Knick. mbulance Was on the} by the >) e : iu $8,000,000 Paid Out But t the second "41 4.30 o'clock this afternoon. Though $10,000,000 had been pledged j © Delmar | atthe Hudeon Wty afternoon Major Deli heat in 207 I and Sw In 2.06 1h