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GREAT HOLDIN
CM
Eastern Interests Will Control
Entire Railroad Situation of
. the Country.
HARRIMAN SMALL FACTOR
1VU1 Bo Delegated to Minor Influ
ences Stocks Bought During
Depression.
New York, Nov. 15. The railroad
tanking Interests' answer to tho
country's demand for regulation has
heen the iormation of the greatest
railroad syndicate and holding com
pany this country or the world has
over seen. In the new organization E.
II. Harrlman has been given a minor
part, and the 'principal actors aro J.
P. Morgan, J. J. Hill, Kuhu, Locb
&. Co., John D. Rockefeller and the
Standard Oil Company, who today
control every transcontinental rail
road, including the Union Pacific and
Southern Pacific. The first apparent
result will bo immediate restoration
of normal financial conditions.
Only piecemeal thus far have tho
facts leaked out regarding the great
game that has been played in rail
road finance. Roundly stated, it has
been a coup in which practically all
the great railroad systems have fall
en into tho basket of a comparatively
small group of the country's big fi
nanciers, principal among whom aro
Rockefeller, Morgan, Hill.Kuhn-Loeb
and the Standard Oil group. They
bought great bundles of stocks In1
railroads that they never had hoped
to secure at tho prices that prevailed
for a few brief hours.
Their control now includes the fol
lowing railroads, steamship lines and
large industrials:
Standard Oil Company,
Amalgamated Copper.
United States Steel.
Northern Pacific.
-.)U
hz
t Great Northern.
Chicago, Burlington & Quincy,
Illinois Central.
Rrlo. .V ff
mi m
1 Chicago & Alton.
'U&U.t;
iuil&Uw.Vi!
JNfiW Ynrlr C'ontrnl j
til Wn-i
Pennsylvania Central. ' '.' .'('a.
' Baltimore & Ohio.
' Louisville & Nashville.
' Atchison, Topeka and Santa Fo,
' Southern Railway.
Union Pacific and its group.
Southern Pacific and its group.
Pacific Mail Steamship Company.
Hill's Oriental steamship line.
New England Railway system.
' Chicago, Milwaukee & St. Paul.
' Morse Steamship lines.
In fact, tho only great transcon
tinental railway system left out of
iho consolidation is the Gould rail
roads, and these will drop into tho
lap of this gigantic combination bo
foro long, because it will squeeze the
life out of Gould by making it impoc
nible for him to get more money.
HaiTlninn Eliminated.
The elimination of Mr. Harrlman
became a necessity, but was practi
cally impossible of accomplishment
so long as tho prosperous times con
tinued. It was impossible by reason
of Mr. Harrlman's faculty for mak
ing railroads, and particularly the
Union Pacific and Southern Pacific
groups, profitable to their stock
holders. Never in tho history of
American railroads have transconti
nental lines been so enormously prof
itable to thoir operators as havo
these systems been under Harrlman's
direction. To dislodgo him from a
position so strongly entrenched
would havo been beyond tho power
oven of tho greatest financiers with
out the accompanimont of tho seml
panic that has prevailed in Wall
street for tho last threo weeks. This
period offered the opportunity that
was taken advantage of by tho Mor-gan-Rockefollor-Kuhn-I,oob
organiz
ation, which was providentially as
sisted by the Secretary of the Trcasu
ry, who came Into Now York ono
critical day with 10,000,000 of Gov
ernment money and unknowingly but
vory materially aided tho syndicate
in its operations.
Financial Kuropt Looks On.
All financial Europe lias been
looking on, Ilko spectators at a foot
ball game, and now that tho coup Is
finished and financial harmony again
temporarily secured hero, gold Is
coming over from Europo in million
dollar shipments every day, and our
securities nro going" back up tho
scale. But no gold was avallnblo
from Europe, no foreign exchange
was availablo at any price, call
money wont up to 200 per cent, and
stocks went down to bedrock, until
tho now combination in Wall streot
had completed its plans.
For days it has been understood in
THE DAILY COOS
tho street that when tho projected
holding company for various stocks,
of other railroads in tho Union Pa
cific Railroad Company's treasury,
was promulgated it would bo a big
ger surpriso than tho country ever
dreamed of. That this holding com
pany will be under men other than
Harrlman there is no longer room
for doubt. It means a realignment
of all tho transcontinental railroad
interests, and a harmonizing of all
these interests on a very large scale.
The holding company takes in not
only the stocks owned by tho Union
Pacific Company, but also the securi
ties held by tho Northern Securities
Company, and embracing in these
combined lists Great Northern, Burl
ington, Northern Pacific, Alton,, Illi
nois Central, St. Paul, Southern Pa
cific, Union Pacific and all tho here
tofore conflicting Interests in tho Pa
cific. In the Southwest tho Rock Is
land Bystem and the Gould system
remain practically, unchanged at tho
present time, but developments in
that direction are logically certain to
follow tho now alignment.
Stand Against Policy.
Back of all railroad reasoning lies
tho purpose of the organizers to
make a united stand against tho so
called Roosevelt policy, under per
haps a more discreet leadership than
that of Mr. Harrlman. By restoring
good business conditions and easing
tho financial situation they hope to
gain some measure of gratitltude
from tho public, and start In upon
an era of new railroad control that
will bo less openly obnoxious but ul
timately no less disastrous to the
country's interests than has been tho
Harrlman regime. It will bo n Pain
fully thought out and quiet campaign
against further encroachment of
government regulation of railroads
and largo Industrial corporations.
That Mr. Harrlman can and does op
erate a railroad with the greatest
profits to tho financial syndicate
backing him nobody disputes. But
he has gained an unenviable reputa
tion as a manipulator, and In that
role has come to be regarded as a
public- enemy. His removal from the
forefront of the railroad forces be
came necessary to the successful car
rying forward of the projected move
ment to regain public confidence and
governmental toleration.
It is freely predicted that Mr. Har
rlman's actual retirement from the
Presidency of the Union Pacific and
Southern Pacific Railroad system Is
out a matter of a short time. What
effect these changes may havo upon
railroad construction under way and
Projected in tho Pacific Northwest it
is impossible even to surmise.
At tho Annual Bazaar of the
Prctobvterlan Church, which is to he
held next Wednesday in tho new
srre in the O'Connell building, thore
o bo a new attractive feature in
tcihtion to the sale of useful and
fancy needlework. A large number
o. 'ho choicest drawings of the La
(UtV Homo Journal artists hns i,
weired ready for framing, which are
i iom at an astpnishlngly JOw
fji-uro. At tho same booth wharo
these drawings may bo hni
old subscriptions will bo received for
that most popular journal. Tho r,t
tonlion of present and prospective
BJbscr'bers is respectfully called to
s notice. And do not forget
chicken supper.
the
Capt. Cornwall Will Qit Hunter.
Captain Cornwnll. nf m, f..
Hunter, which is in port for Umpqua
freight, will sever his connection
with tho tug on tho first of Decem
ber. He had intonded to milt tho
sorvice on the first of November, but
Captain Chrlstianson, of the Robarts,
who is to succeed him, was not ablo
to ieavo tho Sluslaw at that time.
Captain Cornwall will depart imme
diately after the first for his homo
in Berkoley, where ho has not been
in six years.
CJOKS TO .LUL
IIATIIKH THAN
PAY ONE CENT
Chicago Nov. 15. A dispatch
to tho Record-Herald from Wa
bash, Ind says: Mrs. Lucy
Burls, owner of two farms and
much city property, who was
fined by a Wabash Cir
cuit Court jury 1 cent
for assault nnd battery
on her farm tonant, Tom Sivets,
yesterday, was taken to jnil be
causo sho refused to pay tho
fine. Tho jury gavo her tho
least possible fine. Mrs. Burris,
although wealthy, stubbornly
asserted she would never pay
n cent. Sho Is a widow and
manages her own affairs.
FiUnlly Hurt In Wreck.
Marysvlllo, Cal Nov. 15. A
Vorthorn electric car, bound from
Marysvlllo to Yuba City, collided
vlth tho engine of a freight train
loro tonMit. Ono was killed and 20
njured, ono of whom, fatally.
BAY TIMES, MARSHFIELD.
0 YORK IS
61116 STOCKS
Yesterday's Record Largest in
History of Wall Street Low
Prices Accountable.
MILLIONS BACK TO BANKS
Brighter Look to Financial Situation
. Cnsli Pnid for tho
Securities.
New York, Nov. 15. Never In the
history of Wall Street has there been
such enormous purchase of securities
by investors in ordered lots as the
transfer books of, railroad and in
dustrial companies show today, the
record breaking tho number of now
shareholders. Tho present low mark
et values of tho standard securities
Is responsible. New York Central
and several other companies report
that the number of their shareholders
have nearly doubled in the last year.
Iransfer departments aro working
day and night to keep up with their
work and where transfer of stock is
usually effected in two days, delays
of a week are now uncommon. Dis
tribution of stock to people of mod
erate means forcasts certain relief
for tho momentary situation. Four
brokerage houses state today that
these purchases are made outright
with cash withdrawn from safety de
posit vaults of with certified checks.
These sums, ranging in amounts
from ?100 to $10,000 in aggregate,
total many millions of dollars. Bank
ers welcome the small investor, for
his appearance betokens a firm con
viction that tho country's industrial
welfare is being maintained.
WELLESLEY GIRL
IN ST. LOUIS JAIL
Alleged Actress Who Was Arrested
for Not Paying
Board.
St. Louis, Mo., Nov. 15. Elvyian
Dorothy Clark, a Wellesley College
graduate, and one of the passengers
on the Lusitania's maiden trip, who
Is detained by the police, will defend
her own case when she Is taken to
morrow morning to the police court
to answer a charge of vagrancy. The
girl studied law for some time, she
says.
Sho was arrested at tho Laclede
Hotel on complaint of detectives
from the Planters' Hotel, where she
ownes a bill of $2G. She was kept
In a cell over night. It was found
that the law allowing hotel proprie
tors to prosecute criminally for non
payment of board has been repealed
in Missouri, and tho vagrancy charge
followed.
In her belongings a letter was
found from "Ned," a Harvard stu
dnet. He remonstrated with her for
her Inconstancy. Miss Clark says she
has been on tho stago, traveling all
over tho world. Sho played 23 weeks
In London, she says.
Banker Committs Suicide.
Kansas City, Nov. 15. J. B.
Thomas, for nearly 30 years cashier
of the bank of Albany, Albany, Mo.,
a prominent democratic politician
and president of the state board of
arbitration and meditation, and for
mer grand master of the Masonic
Order of Missouri, committed suicide
by shooting at tho Midland hotel in
this city today, leaving no explana
tory message to explain his act.
Thore Is no evidence that tho Bank
of Albany Is Involved in the tragedy
and tho directors state that they
know no reason for his suicide.
ANNA HELD CRITICALLY
ILL OF PNEUMONIA
Now York, Nov. 15. News has
reached theatrical circles hero that
Anna Held Is critically ill of pneu
monia at the Hotel Majestic, in Phila
delphia, and that tho engagements of
tho Parisian Model company, in
which sho is a star, have been can
celled. Miss Held was taken 111 last
Thursday night In her dressing room
at tho opera house. Pneumonia do
o:oped Saturday.
Home From Portland.
Jack Finnngan returned yesterday
from Tortland with n stock of good?
'or his office on tho water front. He
has dry batteries, and other flxturer
Intended for repairs of gasollm
launches. Ho said tho money situa
Hon in Portland is easing no con
ildorably since the Merchants Nation
x failed, as nearly everybody ha
money since tho run occurred whlc)
cleaned tho bank of a million and r
half.
OREGON, SATURDAY, NOVEMBER! 6, 1907.
""JISUWU1," " ...v- . 1 j
LIMIT HEIGHT
OF SKYSCRAPERS
New York Alms to Check tho Present
Crnzo for Tail
Buildings.
New York, Nov. 15. Tho doom of
tho modern skyscraper has probably
been sounded in this city by drastic
regulations which havo been adopted
unanimously by tho Building Codo
Commission. These regulations pro
vide that after January 1, next, no
new building shall bo over 250 feei
In height.
The new law Is aimed to Btop tho
feverish race for tho construction of
high buildings. That a limit must
bo fixed somewhere' has been the ad
vice of noted fire underwriting ex
perts, and Fire Chief Croker himself
has sounded tho warning. Tho fire
insurance interests have feared that
the 41-story Singer building might
be followed next by a 50-story struc
ture. That tho new regulation will be
passed by the Board of Estimate and
tho Aldermen before it finally be
comes a law is regarded as likely,
since several of the city's best-known
builders aro members of the commis
sion and voted for it. They all
agreed it was advisable to call a halt
In tho construction of tho 40-story
buildings, though Theodore Starrott,
who is a member of tho commission,
expressed tho opinion -that a sky
scraper could go 700 feet high and
be perfectly safe, provided that It
was of real flroproof construction.
More than two score of tho ctly's
best-known skyscrapers exceed the
deadline fixed by the new law. Of
course these buildings are not af
fected by the now regulations.
SIXTY MILLIONS IN
GOLD FOR AMERICA
New York, Nov. 14. Moro than
?G0,000,000 in gold has been en
gaged abroad for import to the
United States since the present move
ment began. Announcements today
of engagements of $800,000 by the
First National Bank of Chicago,
$500,000 by the Illlnoois Trust and
Savings Bank, and $1,000,000 by
banks In New Orleans brought tho
grand total up to $60,330,000.
Gold to the amount of $8,000,000
arrived here today on the steamship
Oceanic from Liverpool.
Left at Seven O'clock.
Tho Alliance left out for Portland
yesterday at seven o'clock and will
start on the downward trip on Sun
day. Following are the passengers
she carried:
C. L. Bailey, Timothy Leavy, W. F.
Klrmebein, M. Beacon, B. F. Froh-
mader, Dr. Savery, A. A. Scott, Mar
tha Kennedy, Axel Peterson, Christ
Hanke, Mrs. E. A. Myes, Karl Ham
berg, R. D. Hume, H. S. Finch, L.
Walker, Ross Condt, Tom Carter.
Wm. Kneale, J. Stern, S. P. Bartlett,
Ed Dorge, J. T. Talvage, L, V. Mc
Donald, Mrs. McDonald, Anton De
thos, Leon Falongas, Andrew Mon
torvea. Flying Machine Launched.
Baddeck, Nova Scotia, Nov. 15.
After many years of experimental
work, the machine with which Pro
fessor Alexander Graham Bell hopes
to solve the problem of aerial navi
gation was successfully launched to
day. Mrs. Bell broke a bottle of
champagne over the bow of tho ship,
declaring its name will be "Signet."
No flight of the ship was attempted.
Tho ship or kite is tetrahedron, 13
meters long on top, ten meters long
at tho bottom by three in depth.
Walsh Wants Immunity.
Chicago, Nov. 15. A long drawn
out argument over what was practic
ally a plea for immunity because tho
books of tho defendant wero used in
a grand jury investigation, consumeu
tho afternoon in tho Walsh case. The
question of Immunity was not settled
when court adjourned.
Ships First Brew.
The Coos Bay Brewery mado Its
first shipment of beer to Coquillc
Friday. They have bjen delayed
owing to a defective filter and havo
ordered another to bo sent by ex
press to cost $2800, also another
$300 machine
Cuircn Brothers Complete, Work.
Curren Brothers, of North Bond,
report they will havo tho grading fin
ished for the gas plant today. Mr.
Sa.so will havo tho building com
pleted nt tho same time.
VOLCANO lUtFAKS OUT
IN SIGHT OF FAIRBANKS
Seattle, Wash., Nov. 15. A special
from Fairbanks says:
A penk of the Alaskan range is
in a stato of eruption and is plainly
vlslblo from Fairbanks. A lurid
glow surmounts tho crest of tho crat
er. Volumes of smoke aro pouring;
forth.
I .1 '
FREE
J
To The Lucky Person
Remember Geo. Goodrum the
GentsFurnisher wil! open
With a complete Line of Gents
Toggery. Saturday Nov., 16
With Everything New
A ticket will bo given with each WWW F R
50c purchase which entitles holder
to a chnnco on tho cash pri.o, to bo
given away Saturday, November 23.
tJjjIl tfr tj tl? tfr Como nnrf seo th0 pretty ncw
store whether you buy or not. Every
body welcome.
Remember the Date, Nov. 16th
Northeast cor. of C'and Broadway
mmmmmttmtmmttmnmmwuw88mmmtttttt8m
Everything Electrical at
Oregon Electrical Supply Co.
Now O'Connell BIk.
A
Very
Practical
Boy's Overcoat
XTRAGOop Reefer
YOU'LL get two things
out of a call at this
store. First, an idea of
what will best suit your
boy's need; second, a knowl
edge of the difference be
tween XTRAGOOn, gniH only
here, and the ordinary
brands common to most
stores.
XTRAGOOD
CLOTHES F10R.BOYS
are made on the same prin
ciple a good mason and
carpenter put up a house.
The foundation reliable
fabrics, linings, trimmings.
The construction skillful,
honest, thorough. They've
a better appearance than
other clothes; and better
service because they're
better made. 0i
THE REEFER For boys 3 to
lGj short, of heavy material!, warm
and serviceable. Prices $5 to $12.
MAGNES & MATSON
J. E. Cayou 13 building a hous0 in
Bay Tark.
E. C. Drews is erecting a cottago
in Railroad addition.
E. G. PIggot is building a home in
Railroad addition.
10.00
i
aarna
tutmtKttmttttmamtrtmtuttmttm
Home Made
Bread
MADE AT THE
Bakery
Every woman and every
man has a different way of
making Bread. Glvo two peo
plo tho same flour, tho same
yeast and tho same oven and
there will bo a difference ia
tho tasto of tho bread.
Wo havo experimented with
bread- making for years and
studied tho results. Tho out
come of our work and study
has been our
Home-Made Bread
Tho Acmo of Brcadmakbig
Try It For Yourself
COOS BAY BAKERY
A. Street, Central Hotel Block.
The Celebrated
Libby Cut
Glass
I have a good selection
of the finest cuts,
I am the sole agent
here and these goods
are to be had in no
other store in Marsh
field, If you want something
truly fine see these
goods,
Opposite Odd' Fellows'
Hail,
T. HOWARD
in MtMMMii'i -
Mrs. Lund, nt.v.ast Marsbfleld. If
remodelling her house and ninklnS
additions.
E
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