Show i ADMITS H CAUSE OF RANK PANIC Tells French Editor That People Peo Peo- pIe Needed a Little Lesson SPITE ON GOVERNMENT f j Says Workingmen t of America I Need More Moie Disciplining of Idleness r New York Feb 9 Tho Tho World WorM this morning prints an interview with J. J Morgan which was as given yesterday b by the tho banker to Alexan Alexander er editor of the Petit Journal of k P Paris Mr Morgan lays down the tho proposition that the time has come I when the great battle between capital and antI labor must be fought ought out He lie tells the Trench French newspaper man that the tho working man has got to learn that he cannot control Industry but must keep wag wages ages s that will make honest and profitable profitable profit profit- able bUsI business possible He adds that as ast r thousands of or men are now out of or work t It Is better to keep them In that condition condi condl- l tion until they the realize that the they ar are are- 1 powerless to prevent wage wige reductions He lie Is of or the opinion that the present depress depression depres- depres s slon sion on is extremely useful and as a capt v r he does docs not care to S see It relieved I at present Mi Mr h. h sn aa r When we talk talked d to together ether about the Immediate causes of or tho the recent panic I f r had the strong impression that he thought I the main cause was the people wanted a a. little lesson i. i 1 t. t The Immediate cause causeS causeS' he lie said besides bet be bc- bc L- L sides certain economies there were certain tam tain attempts at legislation It was sufficiently suf sur- clear But Dut of or course It would L have ha been ridiculous to ask asle Mr Ir Morgan If Ir he hc had hatI made the panic himself lC He He spitefully chewed the word Wash Yash G In ington ton closing his mouth with vigor like JUe a a. 1 tiger who Is Just breaking the the I I spine of or a cheep and then smiled as ns asIf If It satisfied with the result He Is almost aa lS angry Q against the French government as against Washington He does not understand or he does not want to understand understand understand un un- un- un why wh during durin the panic the bank bani banko o of France refused to lend him some gold goldIn In n order to mend mentI the stringency of or pay- pay nent here They did l what U they ey refused to mo me z a t week later for tor tho the Bank Danl of or England Sc So that the statutes of ot the bank did not re restrain re- re strain atrain them at t t nil all he lie said Bald Mr rr Morgan should like Uko to take veng- veng cn 4 anoe on eu France Franca aa as he dId on tho thoEng- thoEng EnE- EnE Until hush bAnk A 11 forO J W L a r S that an France Franc had refused US a to 0 Ja an ri 1 faU- faU ob fote In tn order to n remaIn Impartial o 4 mon money y to the United States State That IJ la ts Mr Ir 1 Morgan exclaimed We t did not want money We Va Just wanted r met metal l. l gold cold We would have shipped It back a k very soon lIoon We Ve do not want any loan Our situation is sound Business i Is sound all aU Is sound We Ve havo have got of or all nil we n need |