Show LAWBREAKERS LA W J CAUSED FLURRY Y F Financial na Dep Depression Not Traceable to President Roosevelt Says Commissioner Commissioner Commis- Commis sion r ClarK ClarR i 1 CHICAGO Oct 26 Speculative c f financing as a controlling factor in railroading was denounced denounce as as fatal to the prosperity of railroads n nand and the thee e country b by E. E E E. Clark member of the commerce commission in an address ld delivered deli last nj night ht before the Traffic club Goin Going into the causes of the pres present nt stock stocK and and money troubles as th they affect the tho railroads Mr h- h Clark d declared that it was not President nt Roosevelt's policy but the policy of the he lawbreakers rs who have been exposed that was to blame for the flurry The presidents president's policy he ho said was that o of of the square deal and anil those who pho ho wished to profit b by it should also b be e willing to give one The The railroads have lii signally nally failed I.- I. p- p o keep up facilities for moving freight ht with the increasing business of the country said id Mr Clark This is partly duo to the unprecedented increase in the volume o of business Ss to be bo handled t The more important reason however howe is the speculative financing which almost without t exception controls the country's countr coun coun- tr try's s 's railroads Roads probably nover never will keep pace with business develop e ments meats until the they cease to be ho operated as speculations It is imperative that thc they furnish proper facilities for feu- get et ting on on ona a solid business basis asis Many persons have declared it is the pre presidents president's ident's s 's policy which is responsible sible Bible for pre present ent difficulties in tho the finan financial cial vial world worM The They hold the president responsible re reo spon for forthe the shrinkage e in values sa-in sa saying his policy has fri frightened d investors invest invest- ors I do not subscribe to this belief belie If it were true however it should not I move mono the president one iota rota from h his s purpose of prosecuting violators of tho the I law jaw Railroad rc regulation by state and na nay Honal government each cach in its proper II sphere is essential Such regulation I must be firm sane sane reasonable and just The Tho railroads must make male uniform rules i inot not necessarily the same at all t s seasons of the year ns business changes with the months but uniform to all shippers If tho the railroads are not strong I enough to make mako and enforce such suell rules the federal government must step in inand in inand inand and assume a n measure of control in their affairs |