Newspaper Page Text
DAILY ARIZONA SILVER BELT
Volume II. No. 69.
GLOBE-, GILA COUNTY, ARIZONA, TUESDAY, DECEMBER 31, 1907
PRICE FIVE CENTS - $.
DUEL FORCED TO CHANGE PLEA " .
OF SELF DEFENSE TO INSANITY
BY ADVERSE RULING OF TOE COUR
Court Rules Out Evidence Concerning Insults and Threats,
Knqcking Out Possible Plea of Self Defense and the "Un
written Law," Leaving Insanity Only Plea of Defense.
CROSSEXAMINATION OF DANIEL
DOES NOT STRENGTHEN HIS DEFENSE
Counsel for Defense States That Three Reasons for Insanity
Will Be Proven; Claim Father Died in Asylum; Barred Tes
timony To Be Brought Before Jury to Establish Insanity
By ruling adversely to the defense
In the question of tho ndmissability
of evidence concerning insults to tho
sister of tho defendant, and of threats
made against tho life of th defendant
himself, Judge Nave yesterday morning
In the murder trial of Robert II Da,nicl,
knocked away tho two principal props
from under the carefully arranged de
fense the plea of self defense and tho
''unwritten law," leaving only ono
means of defense that of insanity.
There was no self-defense, said tho
court in his ruling, as according to tho
evidence, Brown had mado no attack
and Daniel had precluded any plea of
that kind when ho walked up on tho
deceased after shooting him down and
fired another shot into his body, as ho
would have that of a "noxious beast."
Tho court followed this ruling with tho
statement to the effect that thoro would
be no "unwritten law" evoked, oven
liy inference to tho jury. Outside of
the opening statement of the senior
counsel for the defense, nothing regard
ing what the defense claims as the pri
mary causo of tho shooting the insults
to the sister of the defendant has been
admitted in the hearing of the jury.
The ruling found the counsel for the
defense prepared for the insanity plea
Jn an avowal made without tho presence
of the jury Attorney Jacobs stated that
it would bo proven that insanity could
have existed from threo onuses, hcred
itary taint, through .the insanity of
tho "defendant 's father; chronic ailment,
becauve of the existence of .Bright
disease, and great mental strain, cause. t
by the communication to tho defendant
of tho insults to his sister and threats
mado against his own life. All this,
said the attorney, would be proved by
Fuller details of the shooting were
brought out in the crossexamination of
Daniel by District Attorney Henry, in
which the defendant's case, if in any
way changed, suffered.
Another feature of the day's hession
was the intimation by tho court, that
if it were in any way shown that there
was question as to Daniel's present
state of mind, ho would interrupt the
trial and call a jury to determino
whether or not he was insane' tit tho
Owing to the enforced change of de
fense, the trial will probably last con
siderably longer than was first expected.
Testimony whieh could not be intro
duced under tho plea of self defense will
Inter be introduced to strengthen the
defonso of insanity. This iueludes all
evidence concerning tho insults to Dan
iel's sister and the throats mado
against him by Brown. It is hardly
jKissiblo that tho case wi'l go to the
jiTv I cure Thursday or JV.lay as.
there will be no .session tomorrow, on
account of its being a holiday.
Tho crowd in the court room yester
day was larger at both sessions than on
the preceding day. A noticeable fcatun.
of the trial has been the ontiro absence
of any women since tho trial began.
Court Lato in Opening.
Court did not open until after eleven
o'clock' yesterday morning, tho court
not being ready until that time to rulo
on the ndmissability of testimony 'con
eorning insults to Daniel's sister, tho
point that interrupted tho hearing of
testimony Saturday afternoon. When
court reconvened, Judge Navo asked
tho attorneys for tho defense if they
intended proving that the defendant
was insane prior to, and at the timo
of tho shooting. Attorney Jacobs re
plied in tho affirmative.
The court asked if it was tho con
tention that Daniel was insano at tho
"I should say not," replied Mr.
Tho court then expressed tho viow,
which was tho result of but little study,
that if tho defendant committed tho
crime undor tho influenco of hi3 anger,
or if ho had acted on an impulso in
shooting, it is not a defense unless
the inability to control tho impulso was
tho result of mental weakening. "There
is no question," continued tho court,
"that if tho act were committed under
thoso circumstances, tho defendant is
not guilty, but tho dofenso is required
to provo that condition in tho defendant
and to predicato the insanity before tho
statements made to the defendant re
garding his sister, are shown."
Would ProVo Insanity.
Attornoy Jacobs then mado an avow
al of what the defense would" provo re-
R gaming tno insanity 01 muiuui, tvmtu
he said began about a year and a half
"go, HI wuicu nun: uiu uwuuuuih io
in practically a normal stato of mind,
but a change began to come over him
at about this time; ho began to neglect
his business and failed to givq it tho
attention ho gavo it prior to that time;
he was troubled with sleeping spells,
that grew on him months prior to Juno
7 and many times ho would sleep in a
inir on his porch for a'wholfrhalf day.
"We further intend to show," coil-
tinned the attorney thnt this conditiou
of mind was brought about by threo
causes: hereditary taint, chronic ail
ment and great mental strain. His
father was insano for two and a half or
threo yon before his death, and wo
wi'l prove that he died in an insano
Kjjylum in Georgia." Ho also cited tho
fact that Daniel line? suffered with
Bright s diseaso for four years.
Judgo Baker gavo as further reason
for tho ndmissability of the disputed
testimony, that it would show tho de
fendant's motive in approaching tho
deceased on tho day of the killing.
No Self Defense. ,
Then Judge Nave took opportunity to
knock out tho plea of self-defense. "Tho
evidence." ho said, "shows that the
defendant was not acting in self de
fense; he did not merely shoot to (lis-
able Brown to keep him from getting
his gun, if ho had one, but after firing
the shot that felled him, ho walked up
on him as to some' noxious ncast ami
ended his life. It cannot bo allowed
for a mnn to tako the law into his own
hands, sentence a man to death and
then kill him. Tho evidence shows thnt
when deceased turned away from tho de
fendant, he was not in an nffray nor
in actual combat, as in the authorities
vou cite. This ft a ease in which tho de
fendant was not in a melee, but had been
threatened, and the defendant was not
wnrranWil in following him up and kill
ing him, It was his duty to have noti
fied thfi authorities and have the man
sent to an asylum, when he was threat
ened, jmd the name applies to tho re
marks made to the defendant's sister.
Such j.wful words as used tend to cloud-J
a mar 'a reasoning and inspire prejudice
for t'le defendant. If tho law says that
thcH'j words do not belong in tho ovi
den .'e, I will not let them in.
"I will not co-operate with',.the de
fense in an argument on the unwrit
ten law "
Tho "Unwritten Law."
"Wo do not intend to rely on the
unwritten law," interrupted Judge
Bihor, "and wo don't intend to argue
it. I think the court has gone too
fai in assuming that."
"Well if you don't, tho jury will,"
returned Judgo Nave.
"Vo arc not going to plead that tho
insult was justification for the kill
ing," said Judgo Baker, "but that
tho defendant ' wns provoked when he
approached Brown. That was justifica.
tion for the first shot, and we do not
claim that tho second shot was fired
in self defense. Tho evidence shows
that tho man was already dead after
tho first shot, so thaV noithcr manslaugh
ter nor murder was committed by tho
second shot. It is no crime to firo"
into a dead body."
It was 11:30 when tho court ordered
tho jury called in, announcing at tho
same time that if tho avowals of itho
defenso were true, he would probably
call in a jury to determine the sanity
of the defendant.
When tho roll of the jury had been
called tho court announced that thu ob
jection to the lust question asked Dan
iel on Saturday, was sustained, to
which tho defense excepted. Tho ques
tion was whether Daniel's sister had
communicated to him anything concern-
intr remarks mado by Brown prior to
Daniel Resumes Stand.
Daniel then resumed tho stand. In
answer to questions by Judge Baker lie
replied that ho was suffering from
Bright's disease, that he was tho own
er of property in Globe, consisting of a
half interest in tho Mountain Viow ho
tel and feomo vacant lots. Ho said his
business amounted to $3,000 a month.
Ho then told of his relation to Carrie
Daniel, that her mother and father
were dead and that ho had supported
her for tho last year and a half, and
had helped to support her previous to
her coming to Globe.
Then tho dofenso 'again mado an un
successful effort to have admitted tho
threats by Brown, communicated by
others to Daniel. District Attorney
Henry objected to, and was sustained,
several question of like import, and the
court finally ordered that thero bo no
1'urthcr questioning along this line.
Judgo Baker said he wanted tho ques
tion and his exceptions to get into the
record, and tho jury was excused while
this was done.
Only ono more question was askrd
Daniel when the jury was recalled. Ho
was asked whether bo was attached to
his sister and roplicd in tho affirmative,
after which Judgo Baker announced
that ho was through with tho defendant
for tho time, but that ho would recall
him lator. Bcfro cross examination be
gan, time for tho noon recess had ar
rived and adjournment was taken until
Boforo Daniel wns turned over to
District Attornoy Henry for crossoxam
Ination at tho beginning of tho after
noon session, ho was asked by his coun
sel if ho wero married or ever had been,
ARIZONA LEADS THE WORLD IN
. MINERAL OUTPUT FOR YEAR 1907
EDITOR SILVER BELT,
Phoenix, Ariz., Dec. 30. The board of trade of the city of Phoenix sends you
a glad New Year's greeting with the pleasing information that Arizona has led
the world in 1907, in mineral output with a total value of $67,000,000; led Mon
tana's copper output by 37,000,000 lbs; led Michigan's copper output by 39,000,
000 pounds. That's a great record for Arizona. Get out and holler.
THE BOARD OF TRADE,
J. B. FOSS, President.
GEO. W. COWGILL, Sec'y.
to which ho answered in tho negative.
Tho crossexamination began with in
terrogatories concerning Daniel's Hfu
before coming to Globe. Ho stat'd
that ho was born in Georgia forty-four
years ago and came west when about
twenty-three years of age, coming first
to Temple, Texas, where he remained a
short time, and then traveling about,
visiting s iccessiyel; in Albuquerqui,
Denver, Dallas, Fort Smith, Ark., Waco,
San Antonio and Burke, Texas, return
ing to San Antonio, where he was em
ployed by tho Sotnhcrn Pacific for
about six years. From there ho went
to. Tucson, where he spent n few months
before coming to Globe in 1893. He
worked ns a miner for about four
years, prqspeeted for about a year .t1
then went into business.
Getting down to events preceding the
crime with which ho is charged, ho was
asked where he was on Juno 10, 11 and
20, 1907. He replied at home. A stren
uous objection was raised by tho ques
tion ns to whether the witness had made
a trip to Graham county during tho
month of Juno. The prosecution held
that the question was propounded for
the piirjosu of predicating an impeach
ment of tho witness and the objection
was overruled. Daniel said ho went to
Graham county on June 24 or 25; he
was sure that it was not tho 20th, 21st
or 23rd. Ho was asked if he knew a
justice of tho peace at Safford named
Fonda, to which he replied atlirmnthc-
"Do you remember having a conver
sation with Judge Fonda on the 20th,
21th or 25th"" askeu 'tho prosecuting
attorney, to which was replied that it
could not have been on the 20th, but
might hate been ou the 24th or 25th.
Threats to Kill Brown.
sation of having said to Mr. Fonda, that
you wero coming back to Globo tad
were going to kill tho deceased, James
A flood of objections by counsel for
tho defense followed this query and
after considerable argument, tho wit
ness was instructed to answer.
The question wns read to the wit
ness, .who replied:
''1 didn't tell him anything of the
"Did you tell Mr. Fonda at that time
and "place, that you wero coming back
to Globo to kill n man?"
"I did not," was the reply after
more objections had been overruled and
exceptions noted by the dofense.
"Do you remember that conversation
on Juno. 20, L'l or 23 with Mr. Fonda
in his office, in which you told him that
you would have to kill a man and that
yon wero going back to kill him?"
Same objection; overruled.
"You never had any conversation
with Mr. Fondn on- tho 20th, 2it!i or
23th of June, in which you said you
were going to kill a man?"
Same objections; overruled.
"Vou never had a conversation of
"Are you acquainted with Dory Mor
"Do you remember having a conver
sation with him on Juno 24?" -
"I remember having a conversation
with him on tho 21th or 23th."
"Did you tell Dory Morris that Vou
were coming back to Globo and fix a
man so that his mother wouldn't know
"I don't remember having said nny
(Continued on Page Two)
"I had a homo onct. Thoro was turkey an' cranberry auco an'
"Aw, cut it. Dis ain't no teeaterl"
E BILLS FOR
IN SAN FRANCISCO
Brown and Bartnett Indicted on
One Count Each for Felony
TREADWELL OF MINING
FAME ALSO INDICTED
Grand Jury Finds Evidence of
Much High ' Financing on
Part of Trio, Who Looted the
SAN FRANCISCO, December 30.
Following a. thorough investigation into
the affairs of the California Safo De
posit 5. Trust company, which failed
owing depositors nearly nino millions,
indictments wero roturncd this after
noon by the grand jury charging James
Dalzcll Brown, former general manager,
Walter J. Jlnrtnetf, firmer" vlco presi
dent, general eounsel and director, and
James Trondwel), director, with felony
and embezzlement. One indictment,
each wero returned against Brown and'
Bartnett and $50,000 on ono ehargoi
Bench warrants were lssuid and bail
fixed at $30,000 for Brown, $35,000 for
Bartnett and 50,000 on one charge
against Treadwell and $25,000 on the
other. Brown and Bartnett are already
confined in tho county jail on indict
ments charging embezzlement.
Tho indictment against Brown return
ed today is based on a note for $25,000
given by II. N. Storrs, a bookkeeper in
the bank, on May 19. Storrs, accord
ing to Assistant District Attorney Cook,
testified beforo tho grand jury that ho
signed the note at tho request of Brown,
and that the latter took the money from
the bank as security for a noto and
some stoclc in the Central Traction com
pany by a street railway company in
Stockton. Ho put up this stock with
Storrs' namo as trustee. Tho latter,
if is alleged, testified that he never
owned it and J hat it had not been is
sued til a timo after tho note wns given.
Bar'tnett 's indictments for embezzle
mont nro in connection with a note
given by W. T. Kerney, attorney, for
a loan of $30,000 in October, 1900,
Bartnett, it being nllcged, receiving the
money, Kerney acting only as a "duin
m. " Bartnett had overdrawn his ac
count at tho bank about $20,000 and
got ICernoy to give a noto which left
Bartnett $10,000 to his credit. Stock
in tho National Bank of tho Pacific
was originally purt up as security, but
upon investigation it was found that
this stock was taken up and shares in
tho Trinity Bonanza Mining company
substituted. Tho ono indictment against
Treadwcll of Treadwcll mine famo in
Alaska, and well known in mining cir
cles of tho state is based on a loan for
$15,000. From thoh bank in which ho
wns director and for which ho gnvo
his personal noto on September 4, last.
-5T Jscr- jfr vow? & .
At this time it was said Treadwcll al
ready owed the bank over $300,000 for
loans, as ho had overdrawn his cur
rent account about $23,000. Instead of
paying interest it is claimed that every
timo interest was due ho gave a new
note. The- obtaining of a loan for $45,
000 left $23,000 to his credit and his
current account by October 8 was all
gone and he had again overdrawn. On
this dato it is alleged ho made a new
note for $02,500 and dated it back to
September t. Ho had the note mado on
the latter date destroyed and substi
tuted for it tho note for $02,500, which
left $17,500 to his credit. The second
indictment against Treadwcll is based
on tho latter transaction ami specifics
$17,500 as tho sum embezzled.
NORTH GARDEN, Va., December 30.
Tho president, accompanied by his
family, left this afternoon for Wash
ington, after a visit of several days to
Pino Knot, Mrs. Roosevelt's country
ANOTHER ADVANCE IN
PRICE OF RED METAL
NEW YORK, December 30. Copper
was niglier in the English market today
with spot quoted at G1, 5s and futures
02, 5s. Ideally tho market was firm
and higher, with Lake 13.50 to 13.75,
Electrolytic 13.371!. to 1.1.62 and Cast
ings 3.124 to 13.37A.
BY DENVER EDITOR
DENVER Colo., December 30. In
the trial of Fred C. Bonfils, one of the
proprietors of th'c Denver Post, on tho
charge of assault and battery upon
Thomas M. Patterson, principal owner
of the Rooky Mountain News, and
Times, Justice of tho Peace Carlton de
cided after argument today to hear
evidence as to the truth or falsity of
the published charges which Bonfils
contends justified tho assault. His ob
jection was overruled and Patterson
named two men whom he said furnished
information upon wliich ho based the
articles in the News and Times in which
it was alleged that Bonfils had attempt
ed to blackmail the promoters of the
Colorado Industrial Exposition company.
Patterson was ou the witness stand to
day when the hearing was adjourned
THREE RECEIVERS FOR
PASSAIC STEEL CO.
TRENTON, N. J., December 30.
After entering charges of alleged mis
deeds by certain former officers of the
Passaic Steel company of Patcrson, N.
J., Judge Lanning of the federal court
today on application of bondholders ap
pointed threo receivers to look after
the affairs of the corporation, Tho com
plaint charges tho company has de
faulted on interest on its band and al
leges tho company is in arrears for tax.
es in the amount of $35,000.
RAIN AND SNOW.
For Arizona: Rain in north central
portions, fair in southern portion Tues
day; Wednesday fair except snow in
pumpkin plo and"
Williams in Philadelphia LeJflr
DEFENSE OF A1IS
Denies That Recent Panic Was Caused by Roosevelt and
Gives Reasons as He Sess Them; Depression Not Confined
to This Country, But Was Felt in Countries of Europe First.
NOT HOSTILE TO BUSINESS OF NATION
BUT TO CAPITALISTIC VIOLATORS OF LAW
Combinations Are All Right, But When They Suppress Compe
tition by Improper Methods, They Should Be Restrained by
Law; Regulation or Government Ownership and State So--cialism,
BOSTON, Mass., December 30.
Greeted with cheers a tho "next presi
dent of the United States," a topic
which ho carefully avoided in his own
remarks, however, Secretary Taft td-
mght delivered his first public speech
Ilia ).; ri.i !,..i!,. 4L t ..i
......ii t .. .i. n..,-.. 'w. . . . i
nual banquet of tho JRoston Merchants'!
association at the Hotel Sommers, at a
oanquet winch closed a long and stren
uous day for the secretary, during
wnicn nc delivered a brief address be
for 400 ministers this morning and at
tended a recoption and spoke before a
gathering of tho Jews Elysium club
As tho secretary arose to speak, all
the guests stood up with him and filled
the air with long, continued cheers.
After calls for "threo cheers for Sec
retary Taft, next president of the
United States," Secretary Taft deliver-
ed tho following speech, which ho read
from manuscript, making no additions
or comment relative to his candidacy
for the press or other topics.
"During tho threo months the, coun
try suffered from a severe monetary
panic and even yet, clearing houso
certificates linger in your bank ex
chanea as emphatic evidence of its se
verity and of the extreme measures
which had been taken to avoid a great
"The panic has been given certain
political bearing of importance and for
this reason I 8pleete.d, for my topic to
night "The Panfc of 1007, its causes,
and the probable effects of its relatino
to the policies of the national admin
istration." "What did cause the panic! Writers
on financial subjects, who have given
their lives of constant'attention to mat
tcrs of this kind, who are able to insti
tute comparison of the present with
previous panics, and who arc entirely
familiar with conditions preceding all,
substantially agrco upon the causes.
Tho Real Cause.
"Panics and industrial depressions
arc the result of characteristics of
human nature which manifest them
selves in business end elsewhere. For
eight or nine months past there have I
been many indications that the loan
able capital of the world was near ex-
Jiaustlou. This result was brought
about jiot only by the enormous expan
sion of business plants and business in
vestment which couldd not be readily
converted, but by waste of capital in
extravagance of living by the Spanish
war, tho Boer war, tho Russo-Japanese
war and such catastrophes as at Balti
more and San Francisco. It became im
possible for the soundest railroads and
other enterprises to borrow money for
new construction and reconstruction.
This condition was not confined to this
country, but extended the world over
and w.of made manifest in tho countries
of Europe even before felt here. The
conclusion cannot be avoided that rev
elations bf irregularities, breaches of
trust, stock jobbing, over-issues of
stock, violations of laws and lack of
rigid stato or national supervision in tho
management of some of our largest in
surance companies, railroad companies,
traction companies, and financial cor
porations,' shocked investors and made
them withhold what little loanablo cap
ital remained available. Such dis
closures had much more effect proba
bly abroad than thej had here, because
hero we were able to make distinctions,
while thero at a remote distance, tho
revelations creatd distrist in our wholo
business fabric. When, therefore, two
or threo banks and trust companies sup
posed to be solid, wero found to have
their capital impaired by the stock job
bing of their officers, thc public was
oasily frightened and a run upon the
Currency at Fault.
"It would .seem thnt our system of
eurrencj' is not arranged so as to per
mit its volume to be increased tempor
arily to counteract the sudden drain
of money by hoarding, in a panic. I
is probable that the stringency which
reached its height on October 24, might
in part have been alleviated had we
had currency which could havo auto
matically enlarged itself to meet the
tremendous demand of tho day, week or
month while public confidence was bo
"Tho national administration, to
gether with many largo capitalists of
New York and elsewhere put their
shoulders under tho load and by various
dovices of unusual character have
brought about thc present condition of
gradually improving confidence."
After predicting that the panic would
not bo lasting and comparing it with
past periods of depression, tho speaker
Tho Mob Spirit.
"Lack of public confidence in banks
creates a common desire among de
positors to withdraw money, n fright
which seizes creditors spreads like wild
fire and is as unreasonable and unrea
soning as tho spirit of the mob. The
in , M
run on tho bank ensues, the bank then
calls on debtors and the tremendous
structure depending upon credit, tum
bles. Jn the meantime, men who prop
erly count themselves as millionaires,
who are honest, conservative, solid busi
ness men, always responding to obliga
tions, find themselves as helpless under
1 ", ' T '""" "P cm unuer
sucu financial catacylsm as they would
be in an earthquake. Gradually ronuin
resumes its sway, but the injury to cred
it, a blow which has Tjecn struck at
normal business progress has more or
less permanence. Values shrink, plans
for new increased business enterprises
must be abandoned and liquidation and
house cleaning tako place. s
"Business men who have had to
stand the strain, who have seen their
fondest hopes crushed and have only
been able to come through'with great
est effort or a most substantial loss,
are naturally sore and depressed. It is
entirely natural that in the condition of
mind in which the suffering business
man is left, that the more definitely the
personality of the scapegoat can bo fix
ed the more pleasure it gives the vic
tims of the catastrophe. This mental
attitude of the business community is
clearly present today. The economic
and political history of the last four
years gives it especial 'importance be- '
cause it offers to certain elements -in v
the business and political community
an expectional opportunity. '
After tho Octopis.
"Let me invito your attention to
more history. It is that of the giant
struggle, between tho national admin-
istration and certain powerful combina
tions in the financial world. These
combinations for lack of a better name
aro called 'trusts.'
"They are engaged in different lines
of manufacture and production and by
assembling large amounts of capital
into one mass in a particular lino of
business, managed by artful devices and
illegal methods of duress to exclude
competition, monopolize the trade. Tho
basis of their original success and the
maintenance of their power was in vio
lation of tho Sherman anti-trust law
and interstate commerce law and for a
time both laws were dead laws upon the
Laws Must Bo Obeyed.
"The purpose of Roosevelt was to
mako those men however powerful and?
wealthy, know that the laws were Hv'
ipg things and must be obeyed. Thero
was a normal awakening among the peo-
jl'.,e aml thc "an,ls .of t,,e administra
tion wero held up in thc work it was
II REPUBLICANS xl
doing. On the other hand, men and
interests were were subject to attack
were not idle and they had partisans,
guilty and innocent. The guilty -of
course wished the defeat of the admin
istration by any means, and the inno
cent were those who had becomo in
volved with trust magnates in legiti
mate business transactions, to whom
the attitude of the administration
seemed one of vanton opposition to the
whole business community, and oiio of
the monuments in this moral progress
was the passage of thc rajlroad rate
bill. It met the oppositions of many
railroads, not because they arc in sym
pathy with the trusts for 1 think they
have in many respects been more sinned
against than sinning but becauso they
resented the rigid supervision which tho -
public demanded in view of the possi
bilities wliich the disclosure as to their
past transactions, revealed.
After Victory the Panic. ,
"The fight made by tho administra
ton has been a noteworthy one. Now
after victory has been won, after ,
thero has been introduced into tho
hearts of all men, especially these trust
managers, financial opponents of tho
administration a fear of the law, the,
panic comes on.
"Sympathizers, defenders and agents,
others who are innocent, but mistaken,
now push forward to place- the blamo
for present conditions upon the admin
tration. "I have set forth what I believe to
bo the real foundation of thc panic.
Let us examine thc specifications of our
opponents, now made to show that the
administration is responsible. In tho
first place it said tho policy of tho ad
ministration has been directed for tho
last- four years against organized cap- ,
ital and that it has thereby frightened j
investors. I deny it. But tho courso'
of thc administration has been directed
against such organized' capital as was '"
violating tho statutes of tho United
States, and no others. It had every
consideration and desire to assist or
ganized capital, which engaged in legi
timate business. It is true that the
execution of tho policy of the admin
istration has involved tho bringing to
tho light of public criticism, violation
of tho law by influential and powerful
corporations and their prosecution.
"What the Light Showed.
"In investigation of national and ,
stato tribunals, thero has been revealed "
breaches of trusts, stock jobbing, over $
issue of stocks and mismanagement in
some of our largest corporations. It is
said that the administration has ar
(Continued on Page Three.)