NEWS WORTH REMEMBERING
News Worth Remembering AS the season advances prospects for crops continue to improve. Dun's report for last week says: "Crop reports impart much strength to the market outlook. Wheat cutting has...
...Second, the purposes for which money may be expended are designated as follows: All rentals incident to the holding of public meetings, clerical assistance in campaign headquarters, printing and distributing campaign literature, advertising in publications, personal expenses of candidates for travel, board and lodging...
...Both these storms were fortunately only local in their scope...
...Face to Face with a Water Power Trust FAR-SIGHTED captains of industry, realizing what the next generation will bring forth—-reduction in the fuel supply with its complement, an enhancement of cost—and anticipating the advancement that will come in the art of utilizing hydro-electric power, have already seized advantageous points, and even now a small group of "interests" controls a third of the present water-power production...
...The tornado which swept the neighborhood of Brownwood, Tex., wrecked the village of Zephyr on May 30, causing about thirty deaths...
...Among other things this bill provides: First, candidates for nomination to any office may spend money only in person or through duly authorized campaign managers...
...The common stock of the United States Steel corporation has been admitted to listing on the Paris Bourse, the great French stock exchange...
...The engineers state that the improvement from Chicago to St...
...This report states that a depth of 14 feet the year around from Chicago to New Orleans is practicable...
...In explanation of the smallness of these fines, Assistant Attorney General Ellis at Washington, has issued a statement that the government consented to a merciful judgment believing that the railroads were not morally guilty...
...Optimistic Market Conditions The Patten wheat corner came quietly to an end with the month of May with the price at $1.34...
...Should this actually be done, the same policy may be pursued with reference to other schedules and the Aldrich-Payne bill thus be jammed through with no more deliberation than the majority may choose to allow...
...Wheat cutting has started and nature is busy raising what promises to be the most valuable grains ever grown...
...A fourth bill provides for the publication of election platforms by the state...
...and on the same day seven persons were killed, many more injured, and some fifty residences wrecked near Langdon, N. Dak...
...For heat, light and transportation, and the power that turns the spindles and grinds the corn, will be the product of transmuted water power within the lifetime of our children.—Charles Edward Wright, Assistant Attorney to the Secretary of the Interior, in the Annals of the American Academy of Political and Social Science...
...No money may be spent by any candidate except for the purposes thus specified...
...Yet all these united must be multiplied to be tantamount in power to the monopolistic Colossus which is yet but a suckling, nurturing itself at the breast of its foster-parent, the public...
...These bills have grown out of the disclosures made by the committee and are designed to remedy the most flagrant evils that were shown to exist in the campaign and election under investigation...
...Railroads Given Small Fines At Little Rock, Ark., on June 4, the Missouri Pacific Railroad and the Iron Mountain Railroad, affiliated lines, were allowed to plead guilty on 58 counts each for rebating to a line elevator company and each road was fined $7,500, or about $130 for each offense...
...Louis to New Orleans $160,000,000, or a total of $190,-000,000...
...His vessel is the Zeppelin II...
...Conditions there are still bad...
...The dispatches state that public order has been reestablished...
...higher than last year at this time, and only a little lower than in 1907...
...More than forty of the revolutionists were killed by rifle fire...
...after which, with some minor amendments, the Aldrich schedule was adopted 39 to 29...
...Aeronautics Still Active Walter Wellman, who for three years or more has been seeking to make a dash for the North Pole from Spitzbergen by airship, is now in Paris refitting his dirigible balloon, and expects to start for the Pole about August 1. The French Aerial League has perfected plans for lines of dirigible balloons from Paris to four important cities, using aeronats from 180 to 250 feet in length and capable of making thirty miles an hour...
...With a low water depth of fourteen feet the depth would be much greater during most of the year...
...MacVeagh Speaks for Taft On June 5, Secretary of the Treasury Franklin MacVeagh addressed the Chicago Commercial Club on the attitude of President Taft towards reform...
...After making temporary repairs and taking on fuel he returned to his starting place...
...This attempt at cloture was the accompaniment of what the Record-Herald correspondent called "The terrific onslaught on Aldrich led by La Follette and participated in by the whole force of Progressive Republicans, providing for the Rhode Island leader one of the worst days he has experienced in his whole legislative career...
...The railroads discharged the traffic manager, and entered a plea that the rebates had been granted to the grain company by him against positive instructions...
...The provision regarding advertising by candidates states that every advertisement must be designated as such and that the amount paid for it and the name of the author must be indicated, plainly...
...Harriman Explains the Panic Mr...
...On the eve of sailing he gave out an interview in the course of which he said: "The panic of 1907 was caused by Judge Landis' $29,-000,000 fine assessed upon the Standard Oil Company, coming upon the heels of other decisions...
...Bank clearings are now about 20 per cent...
...Upon this statement the government acted in consenting to the fines paid...
...This, and preceding generations, have realized the significance of monopoly in those things which are vital factors in the lives of all consumers, whether it be heat, light, food products, or transportation...
...Sometime ago, the grain merchant pleaded guilty and was fined $15,000 for receiving the rebates and the traffic manager of the roads also pleaded guilty and was fined...
...The farmers of the nation have profited to a small extent only, as the amount of real wheat involved was limited...
...An attempt was made and abandoned to shut off debate by fixing a time by a majority vote for voting on the cotton schedule...
...At the end of the strike many isolated localities had begun to suffer for lack of food, and the ignorant negroes were in a state of panic, believing that the strike was the beginning of a war of extermination on the negroes...
...The Exposition is said to have been in a very complete condition at the opening...
...The weather for the past week has been generally good, with a tendency at this time to rather unusal coolness...
...On June 4 the strike of motormen and conductors in Philadelphia was settled on the basis of 22 cents an hour for the men, a ten-hour day, freedom to purchase uniforms in the open market, and an arrangement for the adjustment of future disputes through a grievance committee...
...A balloon "race" from Indianapolis, with nine contestants, started June 5 and at this writing five of the nine balloons have landed at varying distances from their starting place...
...Slow Progress in the Senate On June 3 the tariff debate in the Senate reached what Sumner, the Chicago Record-Herald correspondent, terms "the most acrimonious and the most interesting stage in the many weeks of talk...
...It is talking against the wind," said Mr...
...In pursuance of the trust policy of crushing the labor unions, the Steel Trust has posted notices that after June 1, the American Sheet and Tin Plate Company will not recognize the Union...
...The debate is still going on with the Progressive Republicans leading in the attacks on the committee bill, and demanding revision downward as the only thing which will redeem the promises of the party to the people in the last campaign...
...On June 1, President Taft in the White House pressed a telegraph key and set in motion the machinery of the Alaska-Yukon-Pacific Exposition at Seattle...
...The legislature of Illinois has constitutional authority to pay two-thirds of the estimated expense from Chicago to St...
...Harriman who is generally regarded as belonging to the Standard Oil group did not explain the process by which Judge Landis' decision produced a panic which extended to the financial world in Europe and Asia as well as America...
...The Turkish embassy at Washington has issued a statement that no more than 4,000 people were killed in the massacres instead of 20,000 or 30,000 as stated in the dispatches...
...which has been built to replace one wrecked some months ago...
...It is said that farmers endeavoring to harvest their crops are frequently shot down by the Turkish guard sent to protect them...
...E. H. Harriman has gone to Europe for his health...
...This is regarded as an evidence that the conservative financiers of France have imbibed confidence in this stock through the prompt recovery of American securities from the panic of 1907...
...that is, produces power the equivalent of that proportionate part...
...Louis will cost $30,000,000 and from St...
...The Secretary of the Treasury spoke of currency and banking reform, more deliberate government appropriations, and a scientific development of taxation as among the problems of this administration...
...La Follette called attention to the danger that the beef packers, who control the market for American hides, and are obtaining control of the tanneries, will reach out and secure a monopoly of the manufacture of all leather products, including shoes...
...The rebellious disposition of his followers was so apparent that Aldrich refrained from forcing the matter to a vote and the debate on the cotton schedule ran on to June 5, when Senator Dolliver made a powerful attack upon the textile paragraphs of the bill...
...Senator Smith of Michigan joined the Progressives in declaring that he would not vote for the schedule if it raises the Dingley rates...
...The steel mills, east and west, have booked huge orders for structural steel and rails and for railway supplies generally...
...Miscellaneous Notes During the closing days of May, there was rioting in Lima, the capital of Peru, in which revolutionists took the President of the Republic prisoner and held him until he was liberated by the government troops...
...All these incidents are only a part of the aeronautical news of the week—indicating the great activity of the world of inventors in completing the conquest of the air...
...Consumers of bread-stuffs have suffered keenly, especially the very poor...
...The Lakes-to-the-Gulf Ship Canal Following the adjournment of the legislature of Illinois without having provided for the beginning of work on the Lakes-to-the-Gulf deep waterway, the United States army engineers have made public a report approving of the project from an engineering point of view...
...A third bill outlines in detail the manner in which disabled voters may receive assistance in voting...
...Dispatches from Asia Minor, indicate that the officials sent to restore order and normal conditions in the regions of the recent massacre are, through inefficiency or otherwise, not meeting with much success...
...and that the Roosevelt policies are safe in his hands...
...There were appropriate ceremonies at Seattle, during the course of which James J. Hill delivered an address...
...Louis and will probably meet in special session to pass the necessary bills within a few months...
...A street car strike has existed in Evansville, Ind., for some days, during which the company has manned its cars with strike-breakers, and the people of the community have organized a boycott on the street car company to show their sympathy with the men...
...adding that revision down does not mean "revision down and out...
...In an extended address on June 2, Mr...
...The engineers find that the commercial value of the proposed canal does not warrant this expenditure, but as to this the judgment of the engineers is of no more value than that of other well-informed men, many of whom look upon the project as commercially desirable and necessary...
...On May 30, Count Zeppelin, the German inventor, traveled by airship from Friedrichshafen to Bitterfeld, Germany, a distance of more than 456 miles, without landing—the longest journey by airship ever made—turned back, and while on nis homeward voyage collided with a tree and landed...
...For Clean Elections The committee of the Wisconsin Senate that has been investigating the election of Senator Isaac Stephenson last week introduced several bills in the Senate for the purpose of insuring cleaner campaigns and elections in Wisconsin...
...The main bill is one "relating to corrupt practices at primaries and general and special elections and providing penalties therefor...
...Thousands of troops are said to be living upon supplies sent for relief of poverty...
...On the 3d, the street car system of Streator, Ill., was tied up by a strike of its employees, and the machinists in the shops of the Baltimore and Ohio railroad struck...
...The great "bull" is thought to have made about $3,000,000 on his corner...
...and in each case the settlement is regarded as a victory for the men...
...On June 2, Frank Goodale of Toledo, crossed the Hudson in an airship, circled the battleship New York on the Hudson, dropped a message on her deck, and landed in the water, through an accident...
...MacVeagh "to argue that the revision expected is not a revision down...
...The intention of the mob was to force the President to resign...
...The Wright brothers will soon begin tests of their aeronefs at Fort Myer near Washington, for the U. S. army...
...The best month in the iron and steel industry for two years was May, 1909...
...The ten white firemen who were laid off were reinstated and the number of negro firemen to be carried on the pay-roll, together with some minor matters, will be decided by arbitration...
...He predicted tariff revision of a sort that the people will accept and said that the main point is to satisfy the Middle West...
...Taft will be conciliatory towards all, and will pursue at all times policies carefully bounded by the law, he will prove to the nation that he is a man of progress...
...The thing that frightened people into withdrawing their money from circulation was that decision...
...The people had not recovered from the scare that they had in 1907 when these decisions came...
...Candidates may file with the Secretary of State a copy of the platform upon which he is running and upon the payment of a specified sum may have it printed in a pamphlet published by the state and distributed to voters...
...In both these strikes, the people of the community affected showed signs of active sympathy with the strikers...
...Another bill provides a penalty for failure on the part of any candidate to file the statement of his campaign expenses...
...Strikes Settled at Atlanta and Philadelphia The Georgia railroad strike, which grew out of a dispute over the employment of negro firemen, was declared off on May 29...
...The unfortunates, in rags and squalor, are herded together on an open plain, with little protection from the sun or rain, and are suffering from disease as well as destitution...
...I know what I'm talking about, for I went through with it all...
...MacVeagh said in effect that while Mr...
Vol. 1 • June 1909 • No. 23
