1 Jftp mm$ jj m$0 im VOL.. XLVI NO 14,535. PORTLAND, OREGON, WEDNESDAY, JULY 10, 1907. PRICE FIVE CEXTS. ays m RMN AS BROKEN 1 Comm His ission Proposes Prosecution, ROOSEVELT DOUBTS SUCCESS Kellogg Trying to Persuade Him to Bring Suit. GREAT MONOPOLY EXISTS Contracts Which It Is Maintained Violate Anti-Trust Law Profits of the West Are Used to Extend the Monopoly. WASHINGTON1. July . SpecJal.) President Roosevelt now has the sub stance of the report of the Interstate Commerce Commission on the Harriman case In his hands, and F. B. Kellogg, at torney for the Commission, Is now at Oyster Bay endeavoring to persuade the President that the case against E. H. Harriman should be prosecuted. Mr. Kellogg and some members of the Interstate Commerce-Commission believe a successful prosecution can be brought gainst Mr. Harriman, but Mr. Roose velt is convinced that the Government cannot win its case. Findings of Commission. The gist of the Commission's findings Is this: That the Union Pacific and Southern Pacific railroads are competing roads, by means of steamship lines from New Orleans to New York. That railroad competition has been ab solutely terminated In a territory equal to one-third of the United States, which Is dominated by the various combina tions arranged by Mr. Harriman. That Mr. Harriman's contracts with the Rock Island, the Southern Pacific, the Santa Fe, the Illinois Central and the San Pedro Railroads are In viola tion of the anti-trust act and it Is rec ommended that the ' Attorney-General proceed against him. That the purchase of the shares of one railroad by another is a bad prac tice that ought to be stopped by law. That there should be a new and effec tive law to prevent Inflation of securi ties like that In the Alton reorganization, which Is .described In most effective lan guage. Profits Go to Wrong Place. That the profits of the great railroads of the Far West are beln used to buy stocks and control systems In the East Instead of In building more roads for the development of the West. It was agreed to bring suit against Mr. Harriman In New York for refusing to answer questions regarding the stock transactions of the Alton road. There has been a long delay in bringing this suit, but none of the officials will ex plain the reason for the hitch. WILL DEFST NAVIGATION LAWS Harriman Will Ship Coal to Pacific in Foreign Vessels. NEW TORK, July 9. (Special.) Dur. ing a luncheon today on board of the Southern Pacific Company's new turbine steamship, the Creole, E. H. Harriman startled those present by announcing that, since the United States Government had recently chartered foreign steam chips to carry coal to the Pacific Coast, he would do the same. "The bars are down," said Mr. Harri man, "and I am going to Bhlp coal to the Pacific Coast In foreign vessels;". That he proposed setting the naviga tion laws of the Unjted States to one side aroused his listeners. There were several present who called attention to the navigation laws that expressly state . that a foreign ship shall be confiscated If she engages In the coastwise trade in the United States. That the Government about two. weeks ago made charters with representatives of foreign cargo steamships .to carry coal to the Pacific Coast, became flrBt known afterward and It was suggested that the Government could not break its own laws. The Secretary of the' Navy ac knowledged such charters- had been made and asserted that it was Impossible to obtain vessels under the American flag to carry coal. Whether or not the conditions In time of peace will allow such- charters to pass unchallenged remains .to be seen, but many of Mr. Harriman's. hearers stated their belief that an attempt on his part to send coal to the Pacific Coast for commercial use in ships not flying the American flag would open the way for serious complications. REPORTS OX HARRIMAX CASE Commission Sends Conclusions on Monopoly to Roosevelt. OYSTER BAY,; July 9. President Roosevelt today received the report of the Interstate Commerce Commission setting forth facts and conclusions ar rived at as the result of investigation of E. H. Harriman's alleged manipu lations of certain railroad finance. The conclusions of the Commission will not be .made public until the Presl- dent has received the Attorney-General's recommendations. WASHINGTON, July 9. Members of the Interstate Commerce Commission tonight would not discuss the subject of that body's report on its investiga tion of the case of E. H. Harriman. F. B. Kellogg, the counsel who has been prominently identified with the work of the investigation, was at Oyster Bay today to see the President. ANTIS HEARD FROM AGAIN Would Make Philippines Independ ent and Guarantee Neutrality. BOSTON. July 9. The Anti-Imperialist Xes,-ue todaj made an appeal for action against the "continued and Indefinite re tention of the Philippine' Islands." The appeal says In part: "The immense and unprofitable burden of these possessions has never been felt more strongly than today. ' But In the popular apprehension that the United States might become involved In war, it Is now realized that their defense would de mand an almost Impossible military and naval force on the other side of the globe. "There Is one simple, just and practical method of relief for both countries, which we urge with' renewed 'emphasis; vhs: ' "A pledge of early and complete Inde pendence to the Philippines, together with a 'neutralization' by all the great powers, including Japan. It Is clearly demonstrated that there is a large and influential class of educated Filipinos who are able to guide their fellow citi sens In self-government." The appead is signed by M. Field Story as president, and Irving WInslow as sec retary of the league. BREAK UP TOBACCO TRUST Government Will Ask That Receiver Be Named. NEW YORK, July 9. A hundred or more defendants, corporate and indi vidual, are named in the bill of com plaint which will be filed tomorrow in the United States Circuit Court in the action of the Government against the tobacco trust, charging that it Is a mo nopoly n restraint of trade and as such Is constantly violating the provisions of the Sherman anti-trust law. James McReynolds, of the "Department of Justice, tonight confirmed the an nouncement from Washington that the Government contemplated an Important departure In its plans to insure proper regulation of the trusts by asking, if the facts set forth and disclosed warrant, that a receiver be appointed to take charge of and administer the affairs of the American Tobacco Company. SIX OF SEVEN DROWNED Sloop Capsizes- in' Squall With Prominent Maine Men. BANGOR, Me., July . Six .young men of a party of seven were drowned in Preseott Bay late today by the capsizing of a sloop. The sloop had reached the point of Castlne, when she was struck by a sudden squall and cap sized. Laurent D. Hall, of Bangor, succeeded In' clearing himself from the craft and, after swimming three-quarters of an hour, was rescued by a tug. The others sank within a few minutes. The vic tims were members of prominent fami lies. CONTENTS TODAY'S PAPER The Weather. TESTER DAT S Maximum temperature, 81 degrees; minimum. 5& TODAY'S Pair and continued warm; northwest win da. Forelgm. American proposition for permanent arbi tration? court submitted to The Hague conference. Page 3- National. Crisis with Japan declared serious by Hague diplomats. Page 1. Suits to enforce Japanese treaty rights at San Francisco. Page 1. Interstate Commission recommends prose cution of Harriman; Roosevelt doubts success. Page 1. Politics. Collier Weekly exposes Fairbanks as rail road lawyer. Page 1. An ti-Imperialists renew attack on Philip pine policy. Page 1. Domestic. Small warns Roosevelt he mar call strike at Chicago. Page 3. Fatal windstorm at Louisville. Page S. Mrs. Carter deserted lover because Runyan was "good thing." Page 2 Many children meet death In fire. Page 3. Inner circle will win in Education Conven tion. Page 4. Pacific Coast. New Mayor appointed In San Francisco; convention to elect permanent successor to Schmlts. Page 4. Attempt In Haywood case to prove McPar- land tried to fix witness. Page 2 Chautauqua meeting opens at Gladstone Park with large attendance. Page. 6. R. 6. Miller takes stand In rate hearing at Olyrapla. Page 6. Man slashes another at Albany with scythe. Page 6. Sport. Beavers beaten by San Francisco. Page 7. Preliminary scores In golf tournament. Page 7. Commercial and Marine, Big deal In Yakima bops. Page 15. Grain bag market In full swing. Pake 15. Coarse wools decline at London. Page 15. "Wheat recovers jpart of loss at Chicago. Page 15. Reaction in stock market. ' Page 15. Manshu Maru slow in loading. Page 14. Portland and Vicinity. Sister and widow of 'Billy Ayers light for his estate. Pace 10. School Board will pay oJJC Contractor Bea . .nett's creditors. Page 6. New Baker Stock Company's personnel an nounced. Page 14. Senator Fulton uses strong language , to de scribe land monopoly. Page 11. Shippers to flght expected increase In freight rates on lumoer. Fage 10. Portland Public Bat ha- will open tomorrow. Page 11. Registration of Health Officer Wheeler will be accepted today. Page 11. Large attendance expected at Seaside con- 1 ventlon or State Medical Association. ! Page 9. ! Afghan laborer on Brooklyn sewer killed by I ACUTE PHASE IN m JAPAN Direct Demands, on United States. WANTS TO ATTACK" CALIFORNIA Unless Federal Government Controls State. BOTH CONCEAL THE FACTS Japanese at The Hague TTrge Quick Action, Hot Giving America Time to TJtillze Her Vast Resources for War. A OKI BOON GOING HOME. TOKIO. July 10. Th. Nlchl Nichi prints the statement this morning; that Viscount Aokl, Jap anese ambassador to Washington, is expected to return to Japan next October. LONDON. July 10. The correspond ent of the Daily Telegraph at The Hague sends in a column dispatch which purports to reflect the views prevailing there on the Japanese American situation, which he declares to be more absorbing that the confer ence itself. The correspondent says that, as a re sult of his Inquiries, he learns the situation Is really strained, although both governments are trying to conceal the fact. He asserts that since June 20 the question has entered upon an acute phase. Japan has been send ing the United States extremely cate gorical notes, stating without bitter ness but In the clearest terms the dilemma that, unless Washington is able to i control California, Japan will consider herself free to act directly against California. .--.','--. Nothing, however,' yet has been exr changed precluding a pacific settle ment, but many of the Japanese at The Hague are of the opinion that the Japanese government ought to act without delay and not give America time to utilize her vast resources and economic potentiality, a hundredfold greater than Japan's, to perfect war like preparations. WILli APPEAL CASE TO COURT Devlin Sends Report on Grievances of Japanese Agents. SAN FRANCISCO. July l.-An exhaus tive report of all the facts In connection with the recent refusal of the Police Commissioners to grant employment of fice licenses to Japanese or othet aliens was mailed to Attorney-Oeneral Bona parte by United States District Attorney Devlin today. There is every Indication now that the Japanese will appeal to the courts to have It determined whether their treaty rights have been infringed upon by the action of the Police Commissioners in denying the Intelligence offices licenses. There is no ordinance on the books pro hibiting the issuance of employment of fice licenses to aliens, but the Police Commissioners contend that such busi ness comes within their police powers and that their action does not discrim inate against Japanese nor infringe their treaty rights, they being treated the same as other aliens. SEES NO CAUSE 'FOR ALARM But France Shows Belief That Danger Is Ahead. PARIS. July 9. The French Govern ment greatly deprecates the alarmist view of the Japanese-American situa tion taken by a section of the Paris press and their inspired statement, based presumably upon the Foreign Office's advices, placing the most optimistic construction on the plans to dispatch the American fleet to the Pacific Ocean, was given out this afternoon as fol lows: "Much surprise Is manifested in dip lomatic circles over the excitement caused by the plan to send the Ameri can battleship fleet to Pacific waters. Instead of the step causing alarm, there Is reason to believe that the de cision of the American Government im plies that negotiations proceeding be tween Washington and Tokio Cabinets are making favorable progress. The American Government beyond doubt would not order this naval movement if it was likely to embarrass the nego tiations which have been going on for some time between the two govern ments." . The semi-official Temps, after a care ful review of the events leading up to the decision to send the fleet to the Pa cific, says It was inevitable, and adds: "The re-distribution of the fleet causes Inquietude, yet the' right of the United States to send Its ships where It pleases is incontestable, and is not more to be criticized than the re-dlstrlbutlon of the British fleet three years ago." The statements made by the members of the Japanese opposition party are stated to ,be bids for political favor and are denounced as being provocative. 'For this reason the Temps says It also strongly disapproves of the quoted ut terances of Admiral. Dewey and Admiral Sakamoto, "as designed to pour oil on the fire," and contrasts them with the statements on the same subject of Rear Admlral Brownson. The paper concludes by remarking that, while there are more reasons for confidence than pessimism, the situation is such that it . needs to be followed closely. NO CAUSE FOR TALK OF WAR Metcalf Says Fleet Merely Comes for Practice. OAKLAND, Cal., July . 9 Secretary of the Navy Metcalf deprecates the warlike aspect that has been given the order for the cruise of the great battleship squad ron from the Atlantic to the Pacific Coast. With considerable emphasis, he said the Interpretation of the fleet's move ment, was not Justified by facts. The widely published reports suggesting hos tile preparation seem to be a source of irritation for the head of the Navy. He said: . "The fleet which will be moved from the Atlantic to the Pacific this Winter Is coming to this side merely .on a practice cruise. The fleet will consist of 16 or more vessels, not more than 20, and its stay on this side will not be- permanent. Of course, the fleet will not come here, turn around and go right back again. How long It will remain In the Paclfio will be determined at the proper time. "There is no sound reason or excuse for all this talk by the publto and through the press of an attempt to over awe the Japanese by a warlike naval dis play. I do not believe that the news papers are justified or . right In so con struing and coloring the cruise of the warships to the Pacific. "Every year the Atlantic fleet has been sent on a cruise. Last year it was sent to Guantanamo. This year it will go to the Pacific A long cruise will give the men and the vessels a thorough test and improve the efficiency of both." WILL ERECT ISLAND DEFENSES War Department Sends Guns, to Hawaii and Philippines. CHICAGO, July 9. A dispatch to the Tribune from Washington says: There Is to be no delay upon the part of the War Department in utilizing the appropria tions made at the last session of Congress for fortifying the American dependencies in the Pacific Ocean. In order that the keys to these possessions may be put in condition for defense as rapidly as possi ble the department Is arranging for the transportation of ordnance material pur chased for American coasts to Hawaii and the Philippines and will replace It at onoe with funds which became available on July 1. The appropriations Include 1200,000 for the construction of seacoast batteries in the Hawaiian Islands and J500.000 for the same purpose In the Phil ippines. For accessories J130,00O was granted and for the construction of min ing casemates, .etc. necessary for the op eration of submarine mines $200,000 was authorized. For the purpose of sub-marine mines and the necessary appliances to operate them, an appropriation of $205. 400 was made. It Is understood that orders have been issued to the transport Crook to make a special trip to Honolulu and Manila. The transport will carry mines for Pearl Har bor In Hawaii and Olongapo in Sublg Bay. the two points which would have to be defended in the event of war. Opposes Transfer of Fleet. PHILADELPHIA, July 9. The execu tive committee of the Universal Peace Union at a meeting here today placed it self on record as opposed to sending a fleet of warships to the Pacific The committee adopted the following resolu tions: In view of the feeling existing in the In ternational . relations between Japan and the Government of the United States, we regard the proposition as ' reported of tending; a fleet of battleships to the Pacific border as unwiBe, inopportune and irritating, es pecially as the second Peace Conference is In session at The Hague. May Boycott San Francisco Only. AMSTERDAM. July 10. The Handels badt publishes an Interview with one of the Japanese delegates to The Hague Peace conference who suggested that in stead of boycotting all American goods Japan might restrict the boycott to the San Francisco trade. Yamamota Will Tour America. WASHINGTON, July 9. Viscount Aokl, the . Japanese Ambassador, has been deferring his departure from this city for his Summer vacation in antici pation of the arrival of Admiral Yama mota, who is expected to reach New York soon from Europe. The Admiral Is on his way home to Japan but will spend some time in the United States. His visit is entirely unofficial, although It is expected that he will be shown some (Conoluded on Page 8.) COLONEL R. C. ClOWRT, PRESIDENT OF" THE WESTERN UNION TELEGRAPH COMPANY,, WHO IS ABOUT TO ENGAGE IN A DE CISIVE STRUGGLE WITH. THE OPERATORS. OREGON BOYS CAN HANDLE BIG GUNS Quick to Learn Art of Coast Defense. DEPENDABLE IN CASE OF WAR Volunteers Solve Problem of Where to Get the Men. NO FEAR NOW OF ENEMY 3IHttary Operations Are Rapidly Mastered by Americans as Work of Guardsmen in Few-Days Drill Has Demonstrated. FOR STEVENS, Or., July 9. Staff Cor respondence.) After three days of in struction at the big coast defense guns the Oregon guardsmen assigned to this post and to Fort Columbia, across the river, are able to handle not only the mechanical part of the batteries, but are qualifying in the intricate problems of locating targets in the harbor and sink ing them. An Oregon gun crew loaded and fired a 12-inch mortar this forenoon in 42 seconds, whereas the record for the garrison Is Sti seconds. The volunteer crew intends trying to clip a few seconds off that record before the end of the week. Another crew stationed in the primary station, or observation tower, picked out a boat in the harbor, caught the range and transmitted firing Instructions to the mortar battery in 40 seconds. This com plicated process requires 20 seconds from the expert of the regular service. The guardsmen have now reached that stage In their training wherein, should the-occasion arise, they could locate a hostile fleet, overcome the problems of range, tide, drift, curvature of earth, speed of Individual warships , and manipulation of artillery so as to connect 10 and 12-lnch projectiles with the enemy's fleet and consign It to the fish.. . Volunteers Become Proficient. The coast defense maneuvers have es tablished even at this early stage the adaptability of volunteers for coast ar tillery service. It Is learned from an authoritative source that great difficulty has been experienced by the Government In recruiting companies of heavy artil lery. Coast defense garrisons usually are Isolated, a fact which palls on many of the enlisted men. Recruits as a rule state a preference for one of the other arms of the service. The sucess of the Government's experi ment with volunteers Is consequently of great Importance. Under the showing made in this instance, it Is evident there need be no shortage of men In the event of hostilities. Volunteers can be rushed to coast garrison and Instructed in their duties before any hostile fleet oould reach this coast, even from so near as Japan ese waters. The guardsmen who are be ing trained now could be used largely or a new and larger force could be trained. The American volunteer has again shown how quickly he can master the essentials of military operations. - Colonel Walker Is Pleased. Colonel L. H. Walker, artillery district commander, who is directing the drills and maneuvers, expresses himself as more than pleased with the showing made by. the Oregon troops, and Is convinced that the problem of manning coast com panies to their full quota Is settled. Speaking of the work of the militiamen today. Colonel Walker said: "With the few days of drill we have had it is already plain that volunteers would be of Immediate use in case of actual warfare. The guardsmen take hold of the work readily. They are quick to learn and it Is now plain that they can be converted into useful coast artillerymen In the course of a few days. "This ,is because of the fact that they are usually educated. We find civil engineers and expert mathematicians In the ranks and their training in artillery duties is comparatively easy. The Oregon Guard has made an excel lent showing here and right now are competent to help man the big guns. "I do not believe there is any fleet in the world that could force entrance to the harbor," said Colonel Walker, in discussing the war footing of the forti fications. "The larger battleships could hardly find water to float them and the cruisers and torpedoboats could not survive the fire in passing through the comparatively narrow har bor. The mortars and 10-inch batteries would make short work of a fleet of cruisers and the six-Inch rifles could handle the torpedoboats. I doubt if any power would .so much as attempt to get in. In Case Enemy Did Land. "As to a possible shortage of coast artillerymen, that need not be a mat ter of concern In the future, now that Jt is shown how readily volunteers can be trained for the service. As for In fantry supports, 50,000 men could be thrown in here from the Coast country in a few days, or an even larger force. If needed." That a shortage of enlisted men might prove a serious inconvenience in event of war with Japan is admitted by tacticians. Hostilities In such war would be confined to Pacific and Asiatic waters, without doubt. If by some maneuver the Japanese could gain entrance to the Columbia River it would be next to impossible to dis lodge them, at least before powerful guns could be put in position inland. Two or three shells would do for Astoria and a similar number would suffice to set Portland afire., Landing parties, under cover of naval fire, could have all the liberties of shore and the Japanese, by maintaining their position, could tap the resources of the region. Japanese Kept From Forts. Such a condition is possible, of course, but altogether improbable, and is only cited to indicate the Importance of the fortifications here and of hav ing them fully and properly manned. A perfect hailstorm of projectiles could be centered upon the relatively narrow channel and naval experts say no ship could pass, unless by miracle. Surviving the shore batteries It would only fall a victim to the submarine mines. A detachment of Oregon men is being; thoroughly drilled In the serv ice of these mines and excellent progress is being made. Japanese and all foreigners are ex cluded from the fortifications. There are portions of the garrison to which any and all comers are admitted with out question. But the man who gets to see the big guns, the emplacements, the primary stations and the lay of the various batteries must be an American citizen and, furthermore, must pass muster as to his antecedents, past habits and present intentions. No chances are being taken of having plans of the fortifications drawn. Vis itors who secure passes are permitted to see the artillery drills. In firing on an approaching fleet the men at the guns see nothing.' They are con cealed behind heavy concrete emplace ments. The men who direct the firing, on the other hand, cannot see the guns. Both branches of this work are being conducted by the guardsmen. The detail which locates the ship has a position in an elevated primary station or observing tower. When a warship or given vessel comes in sight it is located on a depression position finder. The ex act Tange and azimuth are then taken, and allowance is made for tides, curvature of the earth, speed of the , vessel and time consumed by the projectile In con necting with the boat. Gun Crews Given Signals. These findings are transmitted. j,to the gun crew, which adjusts the gun. Changes and corrections are made to meet sud denly altered conditions. Getting a big gun ready to hurl death into an ap proaching fleet Is not unlike the tuning of a fiddle. When all the parts of the huge weapon are adjusted an electrician presses an electrio button and the gun sounds a funeral march for the enemy. Putting the primary stations out of serv ice gives the enemy no great advantage. Provision has been made against Just such an emergency. There Is a new set of Instruments for range finding that can be set behind a stump or in any convenient place and operated under what is known as the horizontal base system. . Twelve men are required to man each mortar a chief of detachment, gun pointer, breech detail of two men, sponge and rammer detail of two men, elevating detail of two men, traversing and truck details, each of two men. The detachment chief takes up a posi tion in the rear of the breech, the gun pointer near the azimuth subscale, fac ing the mortar; the breech detail in the rear of the breech, the sponge and rammer detail In the rear of the mor tar, the elevating detail at the elevat ing handwheels, the traversing detail at the traversing cranks and the truck detail In the gallery in the rear and facing a loaded truck. To load and Are, the battery com mander designates the kind of projec tiles that are to be used and gives the command to commence firing. With a fixed target, the mortars are fired as soon as ready, but if fired on a maneu vering warship or moving object, the order to fire is given when the target reaches an estimated or predicted posi tion. The firing is generally done by electricity, although when a single Concluded on Fax la) HOW FAIRBANKS E Collier's Continues At tack on Him. RECORD AS RAILROAD LAWYER As Receiver Paid Wall Street Before Workmen. GREAT STOCK IRRIGATOR Chapter in Vice-President's Life Which His Hired Biographer Omitted Is Furnished In Interesting Detail. WASHINGTON, July S.-Speclal.) "Fairbanks the lawyer; Fairbanks the speculator, and Fairbanks the manipu lator In railroads were indivisible and Inseparable. "As a railroad lawyer he prosecuted striking union laborers and secured pris on sentences for -them. "Fairbanks' candidacy was effectively forwarded by money. "While Fairbanks was in the Senate pt the United States he was still work ing for the Interest of his railroad and Wall street clients. "Who will point to a statute on the lawbooks which Is his?" These quotations are taken from an ar ticle appearing In this week's issue of Collier's Weekly, as the second of a scries in reply to a biographical work entitled "The Life and Speeches of Charles Warren Fairbanks." Made $4,000,000 In CO Years. "From a poor farmer boy he rose in 20 years to be four times a millionaire." The writer continues: "Upon the details of this rise the official biographer Is silent. With a puff and a platitude he dismisses the period between Fairbanks" admission to the bar at the age of 24 and his election to the Senate at the age of 45. Quoting from the biographi cal work: " 'It would be pleasant to Indulge in reminiscence and fill a few pages with anecdote connected with his legal prac tice, but the reader cannot be Indulged in that respect.' "At the age of 24 Fairbanks was poor. We have his own word for it. The hired biographer reiterates It, reinforces it, says nothing else for half a volume. At the age of 44 Fairbanks was rich, rich enough to think of a Senatorshlp to stick as a ribbon on his coat, rich enough to pay J50.000 for the honor. Receiver of Wrecked Railroad. "Whence came the money? What was the Midas wand? What is the story of those 20 years? Of the first 10 years? Of his first big stake? An uncle's influence gave Fairbanks the opportunity a posi tion as attorney for the bankrupt Indi anapolis, Bloomlngton & Western Rail road at a salary of 5000 a year. The road had litigation and Mr. Fairbanks made his record as a lawyer. He began also to make money, and from that time on Fairbanks the lawyer, Fairbanks the speculator and Fairbanks the manipu lator In railroads were indivisible and in separable. "Out in Indiana the case is remem bered thus: The Indianapolis, Blooming ton & Western owed money to its en gineers, brakemen, conductors and to contractors and merchants for coal, oil and ties. On the other hand. It owed Interest on its bonds to bankers in Wall street. The money which the receiver was taking In from day to day might be used to pay the wages of the labor ers or It might be sent to Wall street. Possibly it is no reflection on Mr. Fair banks that he elected to pay the Interest on the bonds. Every lawyer knows now that the receipts ought to have gone first to the laborers; later, If any money was left, to the bondholders. Flyer in High Finance. "A reminiscence, which might have adorned the omitted pages, recalls the purchase by Mr. Fairbanks, Austin Cor bln and other New York associates of a little piece of road the Danville & Ohio River Railway at a receivers' sale. They bought It for 2SO,000; they used it as a basis for an Issue of $1,500,000 In securities, of which half were preferred bonds and half Income bonds. That little flyer In 'high finance' served as a practice stunt for other more weighty operations to come." Replying to the statement in the biog raphy that Mr. Fairbanks' "integrity of character" and his "lofty conception of the duties of a public servant and of the exalted dignity and responsibilities of a member of the highest legislative body in the world" fitted him to "take, a place among the lawmakers of the Nation," the article says: Still Works for Railroads. "The truth is that, while Fairbanks was in the Senate of the United States, he was still working for the Interest of his railroad and Wall street clients, us ing his position as a party boss, which went with bis office as Senator in .In diana, to promote railroad legislation in the Indiana Legislature.'' Senator Bacon Re-elected. ATLANTA, Ga., July 9. United States Senator A. O. Bacon was re elected today for the full term begin ning March 4, 190S. MAD MONEY t i