Image provided by: University of Oregon Libraries; Eugene, OR
About The Coos Bay times. (Marshfield, Or.) 1906-1957 | View Entire Issue (March 1, 1912)
JfMV COOS BAY TIMES, MARSHFIELD, OREGON, FRIQAX, JWARCH 1,1,912 XVHIGDITION 4 THE MWT HUGE PROFITS Inner Workings of Great Com bine Laid Bare by Spe cial Committee. (Dv ABSoclntect Press to Cos Di.v Times.) WASHINGTON, March 1. Tho Houso stcol trust Investigating com mittee imulo public tlie result ot tho inquiry Into tlio books and mtuutes of tho United States Stcol Corpora tion conducted by Farquhnr J. Mc Rno, an export accountant. Tho Mcllao report roaches tho con clusion that tho stcol corporation op crates In restraint of trndo nnd pre vents competition through n manipu lation of prlcos, through tho influ ence of tho so-called "Gary dinners," by control of raw materials and through a system of Interlocking di rectors In various companies. It also tends to contradict somo of tho tes timony given by stool trust officials. Somo of tho figures dealt with in tho report aro startling. It is shown that J. P. Morgan & Co. received approximately $70,000,000 In cash nrohtn for organizing tho big steel combine, nnd that the not profits of l"g reduction of food PLACE BAN I Iv-A VI J TO vlvV U K MriMM I IIP SACCHARINE Government Forbids Sale of Foods Adulterated With It After Next Month. (Uy Associated Press to Coos liny Times.) WASHINGTON, March 1. Iiy a, voto of two to one tho Hoard of Cabl-j net Olllcers charged with tho enforce j ineiit of the pure food luw entered today a Html decision against the use of saccharine In preparing foods. Secretary Wilson nnd Secretary Nn gel confirmed the decision against food containing saccharine adulter ntioim and secretary MncVeag dls Hcntol. One month of grace Is gl en the manufacturers to arrange foi the elimination. The decision settles a controversy oi nearly four years' standing. Sec retary Wilson, by direction of former President Roosevelt, rcforred the question of tho use of saccharine In foods to the Rcmsen board of science experts for Investigation and report. After threo years of experiments the board reported that "saccharine must be regarded ns a substitution Involv- valuo of tho concorn for tho first nlno years of its existence were more than a billion dollars. Stcol corporation officials objected to producing their books before tho commlttco In this city, but consented to placo them freely nt tho disposal of an expert to bo named by tho com mittee. Mr. McRno mndo a thorough study of the books and minutes, nnd In his report to tho committee ho polntod out these Ballont features: That J. P. Morgan & Co., heading tho syndlcato which organized tho stcol corporation, received n cash profit ot $09,300,000, of which JC2, C00,,000 was for promotion, with an additional commission ot $G, 300,000 for a bond conversion schomo. That tho not earnings of tho cor poration for n porlod of nlno yours worn (1,029,085,389, or an equiva lent of approximately $13 a ton on finished product, Instead of $980, 000,311 as claimed by tho corpora tion in Its report. That tho steel corporation, con trary to tho statement mndo by Judgo Gary nnd II. C. Frlck to Prosldont Ttoosovolt in 1907 that It did not con trol ,moro than CO por cont of steel properties In tho country, controls about 80 por cont of tho stool hold ings., As showing tho result of tho policy ot tho steel corporation to mako tho bulk of Its profits In tho raw and soml-flnlshed materia), Mr. Mcllao eubmlttod n condensed statement of tho dividends paid by the subsidiary companies to tho steel corporation and the Intorcst paid by the Cnrnoglo company on Its collateral trust bonds, from April 1, 1901, to April 1, 1910, showing n total of $7fi3,r.H,:SG.G:i. "Tho Incoiuo from the Carnogle compuuy in dividends nnd bond In terest," he sayH, "nmountod to $305,-239.C37.-I1), or nbout -10 per cent of tho total. Tlio American llrldgo Company pnld tho holding company dlvldonds on Its preferred stock dur ing this period to tho amount of $19, 715,577.50, or two and six-tenths por cunt of tlio. total," sweetened products nnd hence n re duction In Its quality." North Bend News Miss Violet Stauff of Cooston will soon open n term ot school In tho Larson district. Mrs. S. S. Rltchoy Is qulto 111, hav ing sustained a stroke of paralysis the other day. William James and brldo arrived from Tacomn, whoro thoy woro re cently married, and will rcsldo nt Hangor. Tho Episcopal Indies of North no nd will glvo n special cooked food sulo nt tho Coos liny grocery tomorrow. iE point out the road to good clothing it ends at our counters; it js built on the foundation of honest worth in fabric style and workmanship. HTHERE'S satisfaction for the wearer in in our clothing abundant service correctness of style and permanency of shape all at a moderate cost. We wel come the most critical to this Spring Exhibition. We have anticipated every detail that goes to make perfection. Let us show -you this splendid array; priced on the basis of true worth, $10.00 to $35.00, -rt ' A 1 VJ "MONEY TALKS" Hub Clothing Shoe Co. "MONEY TALKS" Mnrshficld. - , - ,,, ,- -Handon.. COOS BAY REPRESENTATIVES BENJAMIN'S NEW YORK FINE CLOTHING i i. KODAKS $1 to $90.(10 films, plates, PAPERS Developing ami Printing. Red Cross Drug; Store l'houo 1I22-J. first Class Auto Service Sped. 1 trips to North Rend nnd Empire any time. Train nnd party calls a specialty, Phone UC-J until 11 p. in Aftor 11 Phone &-J. Rosl- donco Phono 2S-J. An Invitational danco will bo given Saturday night at tho Logglo hall by tho I. O. U. dancing class. Wlnsor's orchestra will furnish tho music. Charles Williams has received word of tho death of a brother at Rainier, Wash., tho third closo roln ttvo who has passod to tho Croat Be yond within a year. Arthur Reynolds of Point Torrnco, on tho Sluslnw, Is hero sb tho guest of his cousin, Fred Reynolds, return ing with tho latter, who visited thoro last week. Charles Johnson, Jr., of North In let hnB roturned from Corvnllls, whoro ho tins been tailing tho short rourso nt tho Oregon Agricultural college. C. F. McCollum has been coin pet led to return to his old stnnd-by his horso nnd buggy tho Inst fow days, ns a result ot his auto break ing down whllo ho wns practicing op erating It tho other night. Paul Schlllerstrom of Floronco hns beon hero tho last fow days on busi ness and expects to see tho Southorn Pacific rush Its lino this summor from Eugene to Coos liny. He nnd L. C, Reynolds nro planning to en large their shingle mill on tho Slus lnw, the cut now being about 40,000 per day. W.K. WISEMAN TEe Old Reliable Second Hand Store Man Desires to nunouuee that ho is again HACK IX lU'SIXESS in tho Ik-rnltt Hulldliig, HIM S. Hrondwny Will buy nnd sell new nnd sec ond hnnd furniture stoves, ranges, sowing machines, etc. Will also store household goods by tho month. FAST AND COMMODIOUS Steamer Redondo equipped with wireless and surmarixe hell SAILS FOR COOS BAY FROM SAN FRANCISCO Friday, Mar. 1 at 3 P. M. IXTEH-OCEAX TRANSPORTATION COMPAXY. Phone 1 1. C. I-'. McGEOHGE, Agent. Read This If You Are A Buyer A four-room houso nnd 50 by 100 lot for $ 810 A fine corner, 100 by 12C feet; fine bny view $127.1 A houso nnd two largo lots for. $18B0 Two lots, all cleared, 100 by 110; located In Forndnlo, for 52100 Largo lot on 9th st. near Cen tral nvo., for $1000 40 acres, four miles out on county rond. XEAHLY tl I. LEVEL, FOR $2500 ill. A. Sweetman & Co. Across Street from Coos Hny Times Office. Till: FHIEXR OP COOS MAY' n S. S. ALLIANCE EQUIPPED WITH WIRELESS SAILS RRO.M COOS BAY FOR PORTLAND MONDAY, MARCH -1, AT lOtfO A. M. COXXECTIXG WITH THE NORTH HANK ROAD AT POIITIjAXI) NORTH PACIFIC- STEAMSHIP COMPANV. Phone II. O. P. McGEOHGE, Agent. PROFESSIONAL DIRECTS -wv. -r,--,--.-wnnr,rti,.. ' JUT ItS. K. SIIADnURNR Toachor of role pUa breathing and lntorproUtloacln ih rondy to rocoivo the public I 241 Commercial Ave. rK. 15- P. WINKLEB, "' Naturopath and I All chronic diseases treated. utlon tree. Offlet bowtll 9 to 12 a. m.; 2 to 5 and 6 to tH Naturopath Institute Room &l No. 136 Broadway, MtnblelU D' It. G. W. LESLIE, Osteopnthlc 1'hjilcU Graduate of tho Amerlwn kWI Osteopathy at Klrkiv'llt, Ma In Eldorado Dlk. Hours 10 toll,: 4' Phono 101-J; MaribflekliO.i J. V. IIKNNKT1, Lawyer. T. 3. BOAIPE A, H, HODOIN8 fffi MarshfieWTainti Decorating Co. . Estimates Furnished MARSHFIELD, Phone H0L OregOL I' At a mooting of tho North Rond dty council this week, It wns decided to have J. O. Homo I in prove tho city nuiiri, .vii uruiimiii'u wim aiso pnsseu - i i . nxiug tho duto of tho specini election Dianchara s Livery in wiui'ii uio cunrier nmemimeius will be submitted as April 1G. Holmes, W. E. Thorp nnd S son woro nnmed as Judges and C. E. Mnybeo, J, O. .Mullen nnd II. C. Dlors woro named as clerks of election. Oh you WEEK nt STAFFORD'S. HXD O.VXDY snlo I HAMRER OF COMMERCE MEET IXO. All subscribers and mombers of committees of the Mnrshflold Chnm oer of Commerco are requested to bo uresent nt the- regular monthly meet ing, which will bo hold Friday even ing, March 1, nt 7:30 o'clock. Reports 'f committees nnd business of im nortnnce to como up. J. T. McCORMAC. Pros. We have srci ro riie livery virfl R. C. IObB nf ' II- Helsuoi and are pi-John-1 onretl t0 rendor exedont service ti inu ieuiiu ui v,ui iiuy, uireritl I Ivors, gjou rljs ad overyth'ng hat wlil mean batUfnctory service 'o the public. Phon us for n Jtlvlug horse, a rig or anthlng needed In the lUery lino. We also do truck g business ot il kinds. Ria.NCHARD RROTHERS Phone 138-J l.lvery, Feed nd Sales Service. 141 First and Alder Streets Str. Washington Will Sail for Sai Francisco Friday, March 1, 1912 F. S. D w, Agent Ocean Dock EQUIPPED WITH WIRELESS Steamship Breakwater ALWAYS ON TIME. SAILS FROM PORTLAND AT H P. M. ON MARCH 5, 12, II) AND 2(1. SAILS FROM COOS HAY AT SERVICE OF THE TIDE ON MARCH 2, I), 1(1, 2IJ AND :). I,. ,. PARK HURST, Agent. Phono Main :i.lu. ME'A City Auto Service i ood Care. C'nreful Drive s ani easonnble charges, Our motto Will go anywhere at any time.' Unnds Hlnnco Hotel nnd fllnnc linn M Qtak Irtlt mrnkn TO t if i irsai oiuiiT noj imuuh i a nuu ii 1 JlRht Phono 46, A ' FOOTE, Proprietor, UARKER & aOOIUIilS, Proprietors. 235 CommercliJ. Phono 230-X. THE LLOYD. Most modern Rooms un Apnrt-ment-houso In tne city: Day transient 50c and up Per week $2.00 and up We have nicely furnished 2-room npnrtments, Including bath, U0 per month nnd un, Unique Pantatortam THE MODiytN DYERS, CLE XERS PRESSERS nnd HAT RENOVATORS ORS Agent tar Edward E. Strauss & C6. flno Tnlforlng-I.ot us mako your i next suu prjlMATRCKiE.Tl A lvll.hAftillllki.lll IM N )fflo over Flanagan 4 Deatitt larahfleld D It. J. T. McCORMAO, Physician and Suriwi Marahflold, Ortfon. Jfflco: Lockhart Dulldlnf. oppoilte PmC Phono 105J t-v It. A. J. HENDRY'S D , Modem Rental Py'WI Wo aro ooutpped todft W work 'on 'short notice t tH lowest nrlcea.- ExmlBl,,"' r nrfu allonrl.lll. PnVO bUlldlll' slto Chondlor hotel, ohont lljjj . .. . n..,. nnitflfncM a. uoaorn unon - ,, Llfhta Rtnnrrt Ileal. E"?rl Furnished Roomt wM P nnd Cold waiw. ' n O T K h .0 0 p8 n A UIJ1TT.IN. P3 n a -". - n ml I'l11 Cor. Broadway and M. Marnhflfl d. UW TRY THE EDGE WTH,r0? FINGER. Exnmino a collar fr.er H, Im.nHwv ' MntlCA ItS CUl'l lV or1, ita even, elastic " smooth and its perfect bi , Then test tho top edge W .. nvnr It. No .mnni, allow finish 6lTe a. Ing there to rub, dig or IrrfW' necK. ,1 mi,i. ,! will nrove tM ' J ' ' ..1.1 1 OonH 119 8 W"" our sorvlco, and apply tho test. Mnrshflold 221-J YOU LEAVE OUR .MEAT MARKET with admiration for tho porfoct cloanllness which Is ovorywhoro ni paront. Your own kltchon couldn't bo moro freo from ovon tho sllcht-'M-.Lf:-M.Maml ft SleaO est suspicion of dirt. So thoro Is nnjauy nros. Props-rboM " uuiiiuiH in por- our wagons uo "" -on io soieci tno cholco cuts wo nl ways have on hnnd. Olvo yoursolf1 and us tho ploasuro of n call today. MARSHFIELD OASn MARKET. FOURIER BROS. Two Markets Nor(,, Bond TELEPHONES: gl Now Is the Time TO HAVE THAT RESIDENCE WIRED FOR LIGHTS. ESTIMATES GIVEX Coos Bay Wiring Co. PHONE a.'17-J People Take Notice! Wo have all lengths of stovo wood for sale, prices ranging from $1.50 per tier up. We can furnish any length you wloh. L. H. HEISNER Phone No. 120-J or 49-L. Lots on Install" Bay View, Bay P Bunker rn Eastsideand Other! L S. KAUPMAN fl 177 Front oh- WM. S. TURN Architect i7i most LJi2HaeT3irt:.tt .-fl.w