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T- t I", f ' 3 k X O MEN RESPONSIBLE FOR PANIC OF 1907 PLANNING. -. ANOTHER UNLESS ALDRICH BANK LAW IS PASSED the ever Not in all the" pages of world's fiction was there chronicled so extraordinary . a . story as that told before the Stan ley committee for the investiga tionof the Steel Trust'by Whar ton' Barker of Philadelphia yesterday, Barker declared that the panic of 1907 was not due to any con-: ditiqn, that itxwas a thing clelib erateby planned by a few men who Met in the home of J. Pierpont Morgan in May, 1907, and decid ed that the country "needed to be taught a lesson' " He also said that A those same interests that caused that panic are planning another one unless ""a subserviant Congress passes the Aldrich Central bank plan. He " declared 'that t Theodpre Roosevelt sold himself to the rail road interests as represented ty E. H. Harriman, in order to se cure his election to the presidency df 1904. 'Before going any further, it is vell tcr consider just who Whar 'ton Barker is. v He is a financier, a trustee of the University of Pennsylvania, a member of the' American Phil osophical Society, of the Acad emy of Natural Sciences, of the American Academy of Political and Social Science, of the His torical Society of Pensyfvania, and perhaps that most prominent , banker of Philadelphia: He is a man 67 years old, and, prior to Roosevelt's,ele.vationutOj the presidency, was one of Roose velt's closest -friends. Do you remember, that panic qf 1907? Do you remember the ruin it brought about, the men who committed suicide because q it, the women who were forced to go on-the streets to earn bread for their children because, of that panic? Here is how Wharton Barker says that panicf came about: "The day after that conference at Morgan's home there came to me at Philadelphia, a gentleman who had attended that confer ence, a man of affairs, in the busi- ness worldr- "This, man had been an officer; with the Rough Riders under. Colonel Roosevelt. "He told me that the things proposed at that conference, from a financial -point of view, were frightful, and he appealed to me to go to Washington to see the president about them. "He declaredhe had appealed to the president himself without avail. "He said that it had been agreed at the conference that loans should be called in, all cred it withdrawn and such money as was in the hands of the banksj withdrawn from them and put, where It would be easily obtained! when the men who intended try start the panic wished to stop it j The, plan agreed upon at thai( conference, and carried out, was as follows : c,Morganandothetv "financiers"