November 26, 1907. Dear President Wheeler: Your letter of the 24th instant received. I am inclined to be favorable to that university idea. It certainly does seem as if the depression ought not to be long-lived. Of course, advantage is taken of it to attack me, and therefore Taft. The Wall Street crowd are for Hughes, in my judgment mainly because they are for anyone who they think will be far away from me or whom they hope to see far away from me. I do not think that now there is any [struck: temptation] [inserted: [illegible] intention] to go into matters that are over two years old unless the practices are at present continuing; [inserted: (I know of no such [inserted: new] case now being considered)] but I fear that some of our capitalist friends really desire to be allowed to continue at present all the practices which were declared illegal over a year ago. [2] Garrett is to go up, either in London or Paris. With regard, believe me, Sincerely yours, Theodore Roosevelt President Benjamin I. Wheeler, University of California, Berkeley, California.