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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 27, 1911)
1911. GOVERNMENT'S SPECIAL COUNSEL. RETAINED TO, BREAK UP GREAT STEEL TRUST. PRESIDENT ENTERS 'ENEMY'S COUNTRY SILVERFIELD'S FRIDAY ECONOMY SPECIALS -..aaaBaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaj r v tttt7 Mnnvtvfi iiifKCOMAV. FRIDAY. OCTOBER 27. ; MADE IN OREGON Furs of Distinction, Quality, Style, Finish Home-made Productions. i Are you aware of the fact that we are manufacturers of finest quality Furs? Individuality, style and workmanship so essential to the buyer looking for high grade Furs that are exclusive and different from others. The finest collection of Silver Foxes, Blue and Cross Foxes, Fishers, Beavers, Muskrats, Wolves, Skunks, Minks, Rac coons and all others. Chinchilla, real or bastard; Persian Lamb, Russian Pony Broadtails, Astrakans, Kid Crosses, Black and White Hares, Ermines, Martens and Sables, in Neckwear, Scarfs, Shawls, Muffs and Coats. ' " v SUITS, COATS AND DRESSES That Should Sell for More V Women's and Misses' Suits made of ele gant materials, Skinner's Satin 'lined and plain and trimmed in very neat styles. These Suits are the newest creations .from New York's foremost market and have just ar rived by express. Our price $15.00, S17.50, $20.00, $22.50 and $25.00. Ladies' and Misses' Coats Eeversible, Plain3 and Novelty Cloths, large col lars and revera. Coats that are the most attractive in the best styles of the season. You will do well to be on hand Friday morning to make your selection. Prices S9.75. S13.50, S15.00, S18.00, S20.00. Women's and Misses' Dresses Made up ui French Serge and Satin, large square collars trimmed with braids and fancy buttons. New set-in sleeves and panel skirts. S7.50, 9.50. S12.50. S15.00. S18.00. Interest Added to Trip as Home of Insurgent Leader Is Approached. RANCH LIFE VISIONS FADE Member or Parly Who KegUtrred In 'South Dakota Land Lottery Scan I.lt of Winner in Vain. Xante Are Not Tliere. GREEN BAT. Wis.. Oft. 2t. Presi dent Teft today entered the "(ntmr'i rountrr" Wisconsin, the home of Sen ator La Fotlette. who la to be Ma op ponent for the Republican Presidential nomination In 1JII. Apart from the fart that fc wu to upend the day la the state where I-a Fnllette hold away, there waa the Kond du I.ac Incident, wttl t?i withdrawal an r.lw J Inrl facinn. u attract acrrnttoa .nd to x -. ii intereat in tr. xrmi of tt.e (tar There were a lot of dl.appotrted -hrk-to-the-.nrV on the Fre.ldenfa -prlal when It arrived here. Amonc t-.em wer White Ilou.e stenoerraphera. -residential aei-rrtarl.. military aide. . rfu ial phr' Ian. swret Service men. fnr. era. r.ewepa;er correspondents and fu: man porters. VIlone of ran-h 1 1 r and ail t';ai to make up the arpy etate of the m-l'rn farmer had heen rudely brushed Many of tfie m-n In the parly had never been, In th real ttl before. A. a reau.t of what they beheld from tax rar window or the wonderful tale pourrd Into their credulona eara bv the 'bonatera" of the areat Weal, nearly all wanted a ranrh somewhere west of the Mn.i.Mprl or Missouri Hirers.' Jecre try llu.fi had prepared to leave pol IU. a forever aod settle d.wn to the rare-fre life of the ajfalfa field. FrThody determfned to give up real wora and o "ba-k to the soil." .J Rapid City. 8. t.. Iat Saturday tiere w a alcn acroaa-the etreet from t upeaklna- atand. "United States r:eltr.iilon Offl-e.- It read. The Oof. ernmrnt wit giving away thousand! f arrra of valuable land In the Roae ud and fine RMe reaervatlona of South Dakota. AH you had to do wu recteter your name, pay ii cents to a notary public and awear yoti didn't own ! arrea of land. Krerybody on the train rertatered. Ith the exception of the President. He. a at dinner and couldn't attp away with all the rest. The land lottery beaan at Gregory Tne-Mav. Teaterday and today the i-rraMenttal party scanned the news papers to aee which one of them would set the niore desirable locatlona. There were enlT a;,a drawlnaa publlahed and t . . t I'reeidentUl follower wu In the tut. SLAVIC EDICT BARS JEWS .mrrmir of ltnlan Province? Ioe- Order of KipuNlon. I'SnVKA. RuMla. Oct. It. By an "rIer of the Oovemor. all Jewa In the Province of Yekaterlnoatav are auhject to expulsion, with the following; excep tional Tnope living In the province alnce May I. l'I. Artlana and othera bav in permit of resilience from the Got ernor'a chancery. Those resident since Auauat 14. lu. If an order of expul sion agslnat them haa already been set amde by the Governor's chancery. Those who hwve cbanged to a rural residence between May 1(. 1882, and January 11. !. Uiny of those subject to expulsion are In a critical position, aa the audden expulsion prevente a liquidation of their affaire, and to avoid nnanclal ruin aorae are adopttna trie Russian faith. Special officials will be sent through the province to control the registra tion, and all laxity In thla matter will be punished by the diamlssal of the arutlty onea. ARMY DUTY LENGTHENED Term of Philippine SerTlce Made Two and Half Year. WASHINGTON. Oct JS. A temporary order Increasing; the term of Philippine military service from two years to two years and six months has been made permanent. When the Mexican trouble became serious, so that troops wre mobilized on the Texas border, army officials did not care to dispatch troops from the States to the Philippines, aa It was felt they were needed nearer home. Accordingly the term of aervlce of E'htllpplne regiments was In creased by six months. When It was found that this Increase caused no fric tion It was decided to make the prac t're permanent. It is possible the period of army service In the Philippine may be increased later to three years. BALLOON FLIES 471 MILES Aero Club to Send Cup to German International Race Winner. NEW YORK. Oct. IS. The oflclal record of the distances covered by the contestants in the recent International balloon race for the Coupe Internation al des Aronauts, Is announced by the Aero Club of America as follows: Hans Uerlcke, Germany. 471 miles; Frank P. I.ahm. America. 40R miles; Ijt Vo;t. Germany. 3:.0 miles: John S. Ber ry. America. I9J miles; W. P. Assman. ;7". miles: Knlle tu EionnetU 20K miles. The cup will be shipped on Novem ber 6 to the Deutscher L.uf tschiffer Ver hand (the German National Aeronautic Club) In Herlin. FLYERS AWAIT REPAIRS Both Rodfrers and Fowler Uang Vp by Parnate to Aeroplanes. SPOFFORD. Tex.. Oct. . Aviator C P. Rodger today Inspected the hill territory beyond Del Rio. and It waa later announced at his camp that he might resume his flight toward the Pa cific Coast this afternoon. His biplane, which was wrecked yesterday, wllj be ready for him soon after noon. YVMA. Aria.. Cvt. 2. Robert G. Fowler remained in Yuma today work ing on bia engine. Two of his ma chine arrived last night and Fowler hoped to have his aeroplane in readi ness for a flight tomorrow. JACOB M. STEEL TRUST SUED Government Demands Dissolu tion In Sweeping Action. ORE LEASES QUESTIONED Voluntary rancrllatlon of Great Northern Contract In 19 IS Xot ' Knnnali Eminent Financier Are- Made Defendant. (.Continued Ftoth first Faa.) vised of the Steel Corporation's inten tion in this respect, but says that un der the terms of the lease no cancel- latlon.would be effective until January 1. 11S. and there la no limit upon the amount of ore that can be taken out In the meantime. Sensational allegations fairly topple over each other In the Governments petition, which la an equity proceed ing praying for Injunctlona to eatop continuance of the allecred monopoly and aucb other relief aa te court may grant. WaaaevreU Deeelved. Sara Prtltlom. The Steel Corporations acquisition of the Tennessee Coal A" Iron Company In the panic of 1907 is declared illegal and acathlngly criticised. The petition declares that F. H. Carey and Henry C. Frlck misled F'resldent Roosevelt when tbey told him that "but little beneflt will come to the Steel Corpora tion from the purchase." "The Preldent." It enys, "was not made fully acquainted with yie state of affairs In New York relevant to the transactions as they existed. If he bad been fully advised he would have known that a desire to stop the panic was not the sole moving cause, but that there was also a desire and pur pose to acquire the control of a com pany that had recently, assumed a posi tion of potential competition of great significance. "It Is certain that the corporation availed Itself of the emblem of Moore A Schley (New York brokers who had large holdings of Tennessee stock) at m most critical period, and the ham mering of the Tennessee stock and the threatening of a general nnanclal ca lamity, to acquire the control of a com petitor, taking on a formidable aspect. Competitor I alavrfully Kllaalaated. "The corporation thus - greatly strengthened Its control of the coun try's Iron ore supply. Its predominat ing position in 'the South s Iron and steel trade, eliminated a competitor and unlawfully acquired a power which is a menace to the welfare of the coun try and should be destroyed." The Gary dinners are .referred to. thouarh not by name, as .meetings which accomplished mora than written pools or agreementa. "It was understood and agreed." said the bill, "that they (the steel manu facturers represented at the meeting! were bound to protect one another, that to carry out this purpose their honor was at stake, and that the obli gation binding upon them waa even dearer than life itself, and that no one of them should act or fall to act ex cept with a distinct and clear under standing that his honor was Involved, and that this was more binding upon him than any written contract. When bidden by the chief executive of the corporation, they came at any time from any distance, ready, willing and anxious to turn over to him and his friends all that was In their minds and In their h-arts concerning their own business." Power la Kar-llrachlna. Interlocking directorates through which those in power In the Steel Cor poration hrld positions of Influence on the directorates of other powerful cor porations, are referred to as "a method more refined, more euphonious, but none the less effective ihan pools." I "Tnrougn us airectors tnus aistriout- ed. says me iovernment a petition, "the corporation Is In direct touch with all the large railroad and steamship companies of the country. Such power ful concerns as the Standard Oil Com pany, the Pullman Company, the Inter national Harvester Company and the Western Union Telegraph Company and with an overwhelming majority in monev and powerful banks and trust companies of the United States. "The possibilities of the power and ! the control that may thus be exerted j over trade and commerce are Inestlm- J able. "The power and, control that hay ...4.; .- V'(v - v f ? ' : '; .... i -' ' ' ' ' V ' ''; . ' J.:i II-KIOX. been exerted by the corporation largely through he grasp of Its tentacles thus thrown out upon the consumer, com petitors and capital. Is Incompatible with' the healthy commercial life ot the Nation." lllatery ef Trwat Reviewed. The Government reviews In great de tail the condition In the steel trade be fore the consolidation of 1898-1900 and the formation of the Federal Steel Company, the Carnegie Company of New Jersey, the' American Steel It Wire Company, the National Tube Com pany, the National Steel Company, the American Tin Plate Company. the American Steel Koop Company, the American Sheet Steel Company and other corporations prior to the forma tion of the I'nlted States Steel Corpora, tlon itself In 1901. Describing the United States Steel Corporation's acquisition of the Ten nessee Coal A Iron Company, the peti tion relates: VIn 1907 the corporation acquired control and almost the entire owner ship of the Tennessee Coal, Iron A Kallroad Company. "The f ropertles of this company were located mainly In Alabama and Ten nessee. "Owing to the character of Ita coal and Iron deposits the Tennessee Com pany could manufacture plglron cheap er than It could be made in any other part of the United States. On account of Its vast holdings of coal and Iron properties. It waa a strong- probable future competitor of the corporation. Boatkcra Ore la Drmasd. "Moat of the ratla In the United States hid been made of Bessemer ores. On account of accidents attributed to weaknesa In auch rails, a demand arose for an open-hearth rail and for auch process the ores owned by the Tennes see company were available. "In 1807 a sensation was created In the steel-rail market by E. H. Harrl man ordering from the Tennessee com pany 157.500 tons of open-hearth steel rails at tl more per ton than the price of Bessemer rails. Thla at once put that company Into the position ot an actual competitor of the corporation and of a possible competitor that could not be Ignored, of great potentiality." "The corporation was not slow to discern the situation. James Gayley, first vice-president of the corporation, having acquainted himself with the properties of the Tennessee Company, had already recommended to Mr. Frlck, who then was a director of the corpora tion, that It acquire the properties of the Tennessee Company. . Wall Street Takea Head. "Grant B. Schley, of the firm of Moore & Schley, of New York City, was one of the syndicate holding a ma jority of the stock. This waa known to the officers of the corporation. Moore & Schley In October. 1907. owed large sums of money In New York and elsewhere from 835.000.000 to 838.000. 000 upon call and time loans, which were running- to maturity. Some of these loans were partly secured by pledge of 100.000 shares of Tennessee stock, the amount fluctuating. "In October. 1907, a great panlo came and New York was the storm center. "Those In control of the corporation obtained Intimate knowledge of the affairs of Moore A Schley, and of their holdings of Tennessee stock. The credit of Moore A Schley and the character of their stockholdings, such as Tennessee stock. Republic Iron A Steel stock and other Industrials, was discussed on the street and among bankers, and the question of their fail ure was mooted. The Tennessee stock was specially subjected to criticism and In Wall street parlance was ham mered down as a collateral. Offer to Purchase Made. H. C. Frlck and K. H. Gray, repre senting the corporation, took up the negotiation with Schley for the pur chase of the syndicate- stock ot the Tennessee Company, offering him first the equivalent of 60 cents on the dol lar, and afterward 75 cents on the dol lar In cash for the stock, which Schloy declined. "Oaklelgh Thorne, who was presi dent of the Trust Company of America, a. New York Institution, was one of the syndicate that purchased the majority of the Tennessee Company, having sub scribed for 12.500 shares. "In a New York paper of October 21, 1907, appeared an Item headed. 'Aid Trust Company of America.' Amonf? other things It said that at a meetiner the night before of the chief bankers of the city, headed by Jj Plerpont Mor gan, it was formally decided that the point then-needing buttressing was the Trust Company of America and that this determination was announced aft er Mr. Perkins (meaning George W. Perkins, of J. P. Morgan & Co.) had been In conference subsequent to said gathering of bankers. "After expressing confidence In the condition of the company and stating that It would be aided and that cash had been guaranteed therefor. It was said that these steps were taken' for the numose of announcing that the comDanv would be taken care of If an examination into Its affairs, which had been authorized, showed conditions to he as sound as there was every reason to believe them to be. This announce- ment helped materially to cause a run FRENCH HAND-TIED PLUMES, TRIMMINGS AND TRIMMED MILLIN ERY ONE-FOURTH OFF This Extra Special Sale includes the entire line of beautiful trimmed Hats and fur-trimmed ef- feet at.. Va off Every Plume in the store will be placed on sale at just li rosrular price, regardless of color and size Vi Off Unrestricted choice, all Trimmings Y4 off. of on the said truat company and aggra vated the general uneasy condition and made the nonltion of Moore & Schley more desperate. It was generally known that Thorne and Schley were members of the Tennessee syndicate. Klena Sqneemed la Panic. "Ren t Jlcs of the Intent In giving ouk th statement and the facts are not suliciently known to make any il'.arite In this regard the fact la that it contributed directly and strongly toward I -inarina; Moore & Bchley to a point ti Imminent failure, although they were amply solvent. Their condi tion had become - desperate. It being; generally regarded by bankers' and financiers that their failure might pre cipitate a general crista, they, J. P. Morgan & Co., taking the lead, exerted themselves by advances of ready money to meet pressing demands and other wise to prevent their suspension. Much of the effort, however, revolved about the proposition for the corporation to acquire the stock of the Tennessee Company. Nothing less than the sur render of the Tennessee Company was considered by the corporations and the negotiations progressed rapidly and steadily to that end. It being repre sented to Schley that In no other way could relief be brought to him." The bill then tells of the visit of Gary and Frlck to President Roosevelt on Sunday morning. November 4, and says that "without fully dWclosing all the fets," they represented to the President that the only thing which would prevent a vicious spread of the panic waa for the Steel Corporation to acquire the Tennessee stock. The state ments made to the President are de clared to have been misleading. The President was not fully advised as to the true situation, or he would have known that the desire to atop the panic waa not the sole moving cause. The Steel Corporation." the bill goes Rheumatism la a Coaatltntloaal Disease. It manifests Itself In local aches and pains. Inflamed joints and stiff mue cles, but it cannot be cured by local applications. It requires constitutional treatment, and the best Is a course of the great blood-purlfylng and tonic medicine. Hood's Sarsaparllla. which corrects the acid condition of the blood and builds up the whole system. "My father had been afflicted for years with rheumatism, kidney trouble and nervousness. He was weak and losing flesh. He then began taking Hood's Sarsaparllla and Is now well." Ora E. Campbell. Washington, Ind. There Is no real substitute for Hood's Sarsaparllla Get It today In usual Ucfuld form or chocolated tcblets called Sarsacabs. avayaavj The Army of Constipation I Growiaf Smaller Every Day. CARTER'S LITTLE UVER PILLS an waponiible thay do - only give rahef 1 thay paraaaanuy cars veaitiaa- tiaa. Mu- liont um them for Bilieas- ms, Wifeatiaa, Sick Heaeacke, SaJWw Skm. SMALL FILL, SMALL DOSE, SMALL tUd Genuine eaniw Signature PRINTING Baling-. Bindlna and Blank Book Making. , Phonas Main 20l. A USl. Portland Printing House Co. J. L. Wrltrht. Pres. aod Gen. Uuiiftr. "Book, Cataloarae and Commercial Tenth and Taj lor Bta.. Fort land, Orecoa. 3 rDTFDd S I! Ll r?,.A Mt jZn. LEADAG SPECAL.TY ffOlSE on, "thus greatly strengthened Its con trol of the Iron ore supply of the coun try. Its predominating position In the Iron and steel trade of the South, elimi nated a competitor and unlawfully ac quired a power which Is a menace to the welfare of the country and should be destroyed." The bill enumerates various pools It Is asserted were formed Illegally, and goes Into the "Gary dinner" agree ments, which are said to have pre vented fluctuation In prices and compe tition. Of these "gentlemen's agree ments" the bill says: "It was understood and agreed that they were bound to pay one another: to carry out this purpose their honor was at stake and that the obligation binding on them was even dearer than" life Itself." Attached to the bill, among many other exhibits of alleged agreements. Is a statement showing the extent to which the- steel corporation Is repre sented In the directorates of other con cerns. It shows George F. Baker as a director In 56 others; Edmund C. Con verse In 28; William K. Corey In 32; J. Plerpont Morgan in 61. Within 15 minutes after the filing of the suit, a United States Marshal went to New York to serve papers upon 15 defendants resident there, among them being J. P. Morgan, Charles M. Schwab, Elbert M. Gary and John D. Rocke feller. Boring Postmaster Returns. BORING, Or., Oct. 2S. (Special.) William A. Moranrt has returned home after a month's absence In the East, 1 K 'HI Ml Did You Ever Try the New Weinhard "COLUMBIA" BEER ... . ; " i - vr ."i ' . ". ' " ' i f mi n ... . i' - ' - v ' . - v. ' - ' 1 - . . , ' - i -.- .., .. Brewery's Own Bottling HENRY WEINHARD Main 72 SEND FOR ILLUSTRATED STYLE BOOK JL Mentor and Forest Mills Extra Fine Underwear for Winter One-Quarter Off This sale embraces the finest line of Underwear on the market at the price of cotton fleece, wool and wool and silk m the mm m DJ 1 , H I It lrZ B C I ' - fA Mnt flTnrrison Streets FOR LADIES MISSES S. CHILDREN where he has been attending the con- ventlon of the National League of CONSTIPATION, EILLIOUS HEADACHE AND SOUR STOMACH K1EAH CASCARETS TONIGHT Sllii No odds how bad your liver, stomach now miserable ana uncomiortaoie you lousness and sluggish Intestines you Don't let your stomach, liver and ment; put an 'end to the headache, sour, gassy stomaon,- Daeicacne ana au otner msiresn, cieanae your maiun ui nii KA .iann ar, fftf itih f tpr which Is producing the misery. i-ai,.. . -.o..arS, nAw - iinn't wait no remedy nappiness days ot f" -t i w r " t their too. I On aar box AlsazScand AOo baxaa lffllll'1irjlllH a?-v'a aai r.J JL-fcat.- ""aaaaaMeaaMaaaaaaailaiattlalaMaaaiiiaiaiiMi Phone Orders to- the cheaper grades. Fine finest quality of yarns. Perfect fit ting garments, 0" GLOVE SALE FRIDAY. $1.25 grades........ $ -98 $1.50 grades .'.$1.19 $2.00 grades $1.59 Postmasters of the United States at I Indianapolis. or bowels; how much your head ai-hes are irom cuiiaiiyauuii, iuuikiuiu, always get the desired results wit bowels make you miserable another mo biliousness, dizziness, nervousness sick until bedtime. Jn all the world there I like this. A 10-cent box means iiealtli ana a ciear iieu ir mi'inim. mui' gloom ana aietress n you win mm now an H then. Don't forget the chllcire little insides need a good, gentle cleansing any Drag Stars rTr mi i&k v mini tat 1 1 ui Free City Delivery BREWERY A 1172 " 'f T-A 13 I I