NEWS WORTH REMEMBERING
News Worth Remembering A FEW POWERFUL INTERESTS constitute a gigantic "timber trust." There is concentrated into their hands an enormous percentage of the standing timber of the United States. This...
...Prohibition of dealings by bank officials in securities in which the bank is interested...
...Harry Lane, Democrat, in Oregon...
...The object of congress is to relieve Wall street from that control, which it now exercises over the country, as I understand it," he said...
...This will relieve the country from dependence upon Wall street, and it will relieve cities of one hundred thousand population or less from dependence upon cities of a million or more...
...For these reasons it would appear, therefore, that the government may later be able to materially strengthen its relative position as a timber owner...
...In the years that have gone by since first American occupation of the Philippines rapid and extensive progress has been made by the Filipinos in education, in industrial efficiency, and in the art and practice of self-government...
...Davidson states, "It is most regrettable and harmful that either Congress or the country at large should gain the wholly erroneous impression that those great resources are at the disposal of a small group of men...
...No Moncy Trust"—Morgan J. P. Morgan and Company have formally denied the existence of a money trust...
...News Notes —A new course in forestry will be opened in the College of Agriculture of the University of Wisconsin January 7. On April 16 the students will begin study at the state forest reserves...
...Party politics is paltry when legislation is to be considered...
...This ends the investigation by the Department of Justice of the alleged six hundred million dollar telephone trust against which independent telephone companies have made charges of unfair treatment and destruction of competition...
...In this city exposition not only the local industries but the educational and municipal institutions will have an opportunity to exhibit their methods and results...
...Prohibition of voting trusts in connection with financial institutions...
...Much of the timberland still remaining in public ownership," continues the commissioner, "is adapted only for timber purposes...
...Recently important "suits for for...
...Thomas Sterling, Republican, in South Dakota...
...When, moreover such lands become concentrated in a comparatively few hands, there is, instead of a public service, a serious public danger...
...John K. Shields, Democrat, in Tennessee...
...The exposition idea is only a single item in a large program mapped out by the director...
...The relief, which must consist of some form of supplemental currency, should spring into existence when needed, remain in use as long as needed and then be automatically retired with equal promptness, and this supplemental currency may be of a character identical with what is in daily use, lest its very presence invite suspicion and disaster...
...Mr, Quezon says in a "Foreword": "To promote the great cause of Philippine independence, to clear away current misconceptions respecting the character of the Filipino people and their capacity for self-government, to show the practicability and desirability of setting up an independent republic in the archipelago —those are the objects of "The Filipino People...
...Aldrich claims, it is going to take that control away...
...The facts set forth in this report clearly point to the desirability of maintaining the integrity of the national forests and of extending to other publicly owned timber, including forests in Alaska and timber lands that may be recovered in forfeiture suits now pending or subsequently instituted by the government, the cardinal principle of the national forest police, namely, the retention of the fee to such lands at least until the timber is removed...
...Local governments are almost wholly in their control...
...Prohibition against two -or more banking institutions having identical boards of directors...
...This completed the investigation of the Pujo committee...
...Without entering into a discussion of possible solutions of certain grave problems involved in the present concentration of timber ownership, it may be pointed out that the government today still owns, exclusive of the forests of Alaska, about one-fifth of the country's total supply of merchantable standing timber...
...For a number of years American educators have been striving to bridge the chasm that seemed to exist between educational influences and the everyday lives of the people...
...Publicity at regular intervals of bank assets and stock holdings...
...the Weyerhaeuser Timber Company ranks second with 96,000,000,000 feet...
...To increase government ownership of forest lands the commissioner urged that the forests of Alaska be included in reserve, as well as all timbered lands recovered in forfeiture suits...
...It seems desirable, therefore, to direct public attention to the fundamental difference between disposing of agricultural lands to actual settlers, whose industry contributes directly to the material and social upbuilding of the community, and the alienation of virgin timberlands, which do not require, and, indeed, hardly permit of, improvement by private owners, and the value of which is rapidly rising because of reduction in the supply and the increase in population...
...President Taft plans to go to New Haven early in April and will immediately begin his lectures...
...No longer can it be said that the Filipinos are divided in opinion or separated in action...
...Plans to secure the same sort of officer are reported to be under way in several other cities of the Middle West...
...and the Northern Pacific Railway Company is the third largest holder with 31,000,000,000 feet...
...Professor F. B. Moody, experienced in forestry work as Wisconsin's assistant state forester, will conduct the course...
...Shaw said: "If the Aldrich plan for the proposed currency reform is adopted, Wall street will be placed in absolute control of the country for a period of fifty years...
...We deem the time propitious for pressing the sacred cause —so dear to the hearts of the Filipinos—in the forum of public opinion...
...Regulation of the American Telephone and Telegraph Company—"the phone trust"—by the Interstate Commerce Commission, instead of enforcing the Sherman anti-trust law, is the suggestion of Attorney General Wick-ersham, who referred the telephone problem to the Commerce Commission last week for investigation and action...
...They have become truly a people, united and inspired by common passion for freedom, animated by a heroic purpose to achieve an independent national entity...
...They explain the remarkable Community of interest and co-operation among financial interests to the "weak banking law...
...He advises a further searching inquiry into land grants of the past, with the view of instituting additional forfeiture suits if the facts justify the procedure...
...The "civic secretary" at Duluth, Minnesota, is appointed by the board of public welfare of that city, according to information received at the United States Bureau of Education...
...I propose to help, so far as is in my power, to make the Democratic administration a success—a success that is not partisan, but one which makes for real human progress and welfare...
...George W. Norris, Republican, in Nebraska...
...He represents the link between "education" and life in the big cities...
...This fact is set forth by Commissioner of Corporations Luther Con-ant Jr., in a report submitted to President Taft last week...
...The report will contain recommendations for legislation, some of which may be enumerated as follows: Incorporation and government supervision of stock exchanges and clearing houses...
...The public service involved in the mere speculative 'holding of this timber for an advance in price under present conditions of settlement of the country, is practically negligible...
...National consciousness has developed through the difusion of learning and the spread of political discussion...
...It is reported that the Commerce Commission investigation will be far-reaching in effect and may lay the basis for the government's future policy with respect to the telephone and telegraph...
...This report, members of the committee say, will assert that a money trust exists, and that present conditions are intolerable...
...More Senate Seats Filled United States Senators were elected last week in eight states...
...William S. Kenyon, Republican, in Iowa...
...This report is a sequel to the report published some months ago by Com-missioner of Corporations Herbert Knox Smith, showing that the Southern Pacific Railroad Company is the greatest holder of timber in the United States, controlling 106,000,000,000 feet...
...It has remained to combine these connecting educational forces under one active officer, and this has been accomplished by the new position of civic secretary...
...I have seen no evidence that these people have become wary...
...Robert L. Owen, Democrat, in Oklahoma...
...And Mr...
...All that could be properly asked by a bona fide settler is the surface of arable land after the timber has been removed, but too frequently back of the argument made in the name of the 'settler' is the desire to acquire the timber or other natural resources rather than the soil itself...
...It insists that its own members are far better judges of what is right and good than is any legislative body...
...For Philippine Independence Manuel L. Quezon, the Resident Delegate from the Philippines, has undertaken the publication of a monthly journal, "The Filipino People," designated to promote Philippine independence...
...The plans, if worked out, will form a compulsory association of all the national banks and trust companies...
...Decision will then have to be made between retaining such lands for reforestation and disposing of the surface for agricultural purposes...
...Some time ago he was tendered the Kent professorship of law at his Alma Mater and on the 20th, at the regular meeting of the Yale Corporation, he formally accepted it...
...The official may not always be called the "civic secretary," but his functions are generally the same...
...To the Currency Committee of the House of Representatives, Mr...
...They desire an autonomous government—they demand an independent national existence, free from alien domination, responding directly to their ideals and sentiments...
...It will be a fight from the first for decency and a square deal...
...A prohibition of the ownership of one bank by another...
...Knute Nelson, Republican, in Minnesota...
...Government Ownership of Timber Lands Is Urged This situation presents a problem so grave that in the opinion of Commissioner Conant there should be an extension of government ownership of forest lands...
...It will be financial emancipation and for that reason, if for no other, the big banks of the country will oppose...
...in short, he consolidates and directs the civic agencies of the community for the benefit of all the citizens...
...A Philippine Assembly sits at Manila, but its limited powers and narrow sphere of action do not satisfy or represent the higher aspirations of the Filipino people...
...The time has come when the laboring man must be given a larger share of the wealth ho helps to create, and I am enrolled on the workingman's side...
...feiture Of extensive timber lands have been brought by the government on the ground of nonfulfillment of conditions imposed in the grants by which these lands were alienated from the public domain...
...gives intelligent and sympathetic aid to play and recreation...
...Is There a Phone Trust...
...Social and industrial justice is a big problem which the legislators of the country must face...
...James H. Brady, Republican, in Idaho and W. R. Webb, Democrat, in Tennessee...
...Conant warns that attempts are still being made to "secure the transfer of public timberlands to private owners under the same pleas of settlement which in the past often proved wholly specious and insineere...
...It has set about to prepare a report and recommendations to the House-at-the present session...
...This two year course in forestry is not designed to turn out professional forest engineers but prepares the students to be trained as rangers, guards and tree planters and fits them for positions with lumber companies, nursery men, owners of timber estates and in the forest service...
...In a lengthy statement framed by Henry P. Davidson of the Morgan Company, presented to the Pujo investigating committee there is an analytical argument denying that there is control of $25,-000,000,000 of resources by 180 directors...
...Taft To Teach Law When President Taft leaves the White House on March 4, he will become a professor of law at Yale...
...His work in the fall will consist of a regular course of lectures on the general subjeet of constitutional law, Shaw Assails Aldrich Scheme That the Aldrich scheme of currency reform is designed to place Wall Street in absolute control of the credit of the nation is the opinion of Leslie M. Shaw, who was Secretary of the Treasury under President Roosevelt...
...It seems clear, moreover, that the fundamental principle to be followed in the sale of the timber itself is that the terms of sale should be such as to Insure to the public treasury substantially the full stumpage value at the time that such timber shall be actually cut...
...But I believe that probably you will find opposition from most of the large banks of the country...
...The Civic Secretary" Is Here He Represents the Link Between "Education" and Life in the Big Cities THERE IS a new official in American city life—the "civic secretary...
...In a statement issued upon his election, Senator Kenyon said, "I take no thought of to-morrow politically in the program I have outlined and will seek steadfastly to follow during this term in the Senate to which I have just been elected...
...I am surprised that all the banks owned or controlled by the United States steel people and all groups whom the author of the bill admits now dominate our financial affairs should unite in support of the measure, if, as Mr...
...By means of evening schools, libraries, extension lectures, and more recently civic, social, and recreational centers, much has been done...
...It is the agency best adapted to practicing reforestation on a large scale...
...stimulates discussion of public problems...
...He organizes educational extension work...
...Filipinos occupy many high positions under the insular government...
...He has charge of all the local social-center work...
...Le Baron B. Colt, Re-publicon in Rhode Island...
...More stringent legislation with reference to a bank lending money to its own officers or directors...
...The New York Stock Exchange filed a brief of 24,000 words with the Pujo committee last week which defends the Exchange, defies the federal government to interfere with its activities and attempts to show that it is not subject to the Interstate Commerce Act...
...In, Superior, Wisconsin, a "city exposition" is planned by the civic secretary, who is here called "director of the civic5 center department...
...There will be various social and recreational activities, lecture courses, civic and ward improvement clubs, and a clipping bureau will be established to collect information on social civic, and municipal matters...
Vol. 5 • February 1913 • No. 5
