| Show i ANDREW CARNEGIE TALKS ON STOCKS I F. F Says Wall Street Gamblers Cannot Name Prices for Standards S fl PRAISES THE PRESIDENT Iron Master Thinks Roosevelt's tl Views s on Railroad Re Reforms Reforms Reforms Re- Re forms Are Right Ne New York March Mai-ch atCh 27 Andrew Andrew Carn Carnegie Carnegie Car Car- n negie sie within nine hours hours of or a luncheon with President Roosevelt and anti his family fam farn- fly ily arl arrived ed In Jersey City on tho the Congressional Con Con- Jr gressional limited tonight and anti for halt half an hour or more talked freely with a Republican representative the topics including the great Iron mas mas ter's tor's views of tho the present railroad agitation agi agol- tation and the affairs of or Wall all street streetS Wall ValI street prices said Mr Ir Carnegie Car Car- negie are arc not prices at all They are quotations fictitious figures wh which Ich I have ha no more moro to do with tho real value val val val- ue uc of or stocks and bonds than has hns dayto day dayto to night I do tIo not know any anything thins about Wall Tall street quotations I only hear of them I never read them inthe in inthe inthe the newspapers because the do 10 not nota a mean any anything thins to me If a man loses his all at nt gambling I have no sympathy sympathy thy for tor him I have ha no sympathy for fOI Wall Vall street treet gamblers Men Ien who possess pos pos- sess ess standard securities have no cause to worry worn about their value because use of or what Wall nil street treet gambl gamblers r sa say th they I are arc worth There Them I Is one good thing I about these so-called so panics They Thor e verve o to stir t l' l up tho the patients to show th the doctors what Is the matter mat nat ter with them Mr 11 Carnegie was accompanied b bj his secretary when ho responded to te the greeting of or the reporter leport l' l You ma may talk to me me but I shall r f not promise to talk to you t Ideis Most Commendable You might caro care to say something It wa was suggested about President Roosevelt's attitude toward the railroads rail rall- roa roads ds i President ideas as tare ore re most commendable began beg Mr Ir Carne Carnegie le He lie Hed d deserves the support of oC every business businessman businessman man finances ft are arc Involved In the proper and Judicial mana management of oC tho ho r roads ads Government supervision i iF now flOW the rule In Euro Europe and Canada and arni 11 the time has come when some restraint should be placed on tho the questionable practices practice of railroads 8 in this countr country What do you OU OLI mean IJ Ivy by the tho time hns has comp come When hen stocks and bonds are issued Issue without 1 regard to the best Interests ortho of or tho investor In at large when the proceeds of f such I go Into tho the pockets o of the officials who authorize them It he h time for or the government go to sa say when an and for what such Issues s purpose shall be made macJe How should tho the government assume control Mr Carnegie was asked Value of or the Iho Commission ion Th hh ln r 1 u eJ u ni Nt N. N t m h t the way was wis p t apparent The Inter- Inter Interi i tate te commission should be bej o oa Ja i. j h hajt t ft j m court ourt t. t hll J St States tes so far tar as the re- re s of at he former onner to the railroads railroad are Ire concerned Congress should sho enact a i. i law bw that would give the commission this power I b hive bc c every elj confidence in inthe inthe inthe the world in the present personnel of th the commission It is composed o of a highly intelligent and ir irreproachable lot Jot of or men meu and they have ha anI only to be given en the power to stop the stock jobbery that calls for regulation New York City cannot Issue hon bonds s just because some set et of officials say the they hall shall be Issued for Cor a fancied purpose The legislature says what bonds hands shall he be Issued and what the they shall be Issued for Cor should he placed under tinder the same restraint t railroad presidents be In accord accord ac nc- ac- ac cord with the thc President on the question do you ou think Well Veil he replied d. d slowly 1 and thought thought- full fully I have er e every confidence in the integrity of oC such men as Hu of the Chicago and Northwestern Mr Mellen of oC the New I ew York New Haven and Hart ford and Mr Ir a of the Pennsylva 3 nia Having said Bald that I 1 thought the l Presidents President's Ideas were right and that I hart had confidence In the railroad all road heads mentioned men men- honed d you yon ought to be he able ahle to draw your our own conclusions Here Herl its it's raining said Mr Ir Carnegie to the reporter r. r a as the they stepped toward his automobile Von would better beller rid ride with me to where you ou can get ct a a. a car down n town When hen the valet had hod followed Mr Ir Car- Car the reporter ana and SC sc eral heavily packed traveling traveling- bags and suit Hult ca cas es Into I the automobile Mr 11 Carnegie began hegan talkIng talk talk- In Ing about that new vehicle I refuse to rl ride e faster than twenty w nt miles an hour on an any r road ad said Mr 11 Carnegie and I JU guess guss ss that's wh why J 1 never or have had an accident Mrs his Carnegie and her dau daughter Margaret Margaret Mar Mar- garet aret preceded Mr Ir Carne Carnegie lo to this city on Tuesday The Tho family has been heen spending spend spend- lag ing many weeks In their southern retreat on Cumberland plantation I |
