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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 18, 1912)
, mJv t , rHT-itr&i Oirnofi HiiMkai firfMj. cfy HN "& c ,r . Medford Mail Tribune SECOND EDITION WEATHER Mat. 471 Mln. !M; Inclft. tullon .U2. f'lrtjr.arrmul Trr. Daily Hovrntli Yr. MJODFOUI), OltKfJON, WICDNhSDAV, IJKfKMHICIi 18, 1012. NO. 230. MORGAN DOMINATES MONEY SMALL CLIQUE INEYlG T BfesSfeMg" ' OF FINANCIERS BEFORE PROBERS WxmT- ' SSssa HHflHHHK itJUpM&fBSUjjnK2tjUp vHA l LB M H B7,' i TIT' yr-'i-; .fi'y Tt-T-iitr t- - tu.. -!. TRUST CONTROLLING MANY BILLIONS OF THE NATION'S WEALTH IN COUNTRY Wcnllli A(jrc(ialln Twenty-five Bit linns Managed by Coterie of Wall Street Men-Morgan Is "Heart" of Greatest Cumlilnallon of Capital. Great Banks, Insurance Companies, Railroads and Utility Concerns Umlrr One Control. TELLS UTILE J, Plrrnont Morfjan Admits Havlnn Deposits of Over Elghty-Ono Mil lions From Corporations Capitaliz ed at Nearly Ten Billion Dollars, WASHINGTON, Dee. 18. Iluw I In; iwiliouV wealth in dominated liy a coterie of finiiiicii-rt wiih included in m Idcnoc presenlsd today to the house committee invontiKntlng the iwtiiev Irimt. Tlio grrnl hanking film itf J. 1'inriMiiit Mnriin mid Com pHliy WH hold llt IIH ) Illll'gCll "In-Hit" of tln combination, Iiieludiiig .Miirguu's Urin, il was aliened (hat llu (luiiruutco mil Hun ker' Trnt companies, Hut Kiiliuniil lly Imiik mid the l"trt National lunik, till of Now York )iu e i:il dlr I'olura in 122 oonMimtiiniN, with ag gregate resources of J'J'.'.U.1 1,000,000. llcnl Money Trust of the financier was onl'cpd by thirt Kiixcnimi'iit investigators, who luii Iiitii engaged in IhU work fur Mil.. An immense churl wn.s.cx il in the commit Ice showing the financial rumiflcntlmm of lending ' Now York, Boston and Chicago firms It dliownl t lint eighteen finiiH, with 1 fell uieinbeix, Imld directorships in liU of Iho wealthiest cnriwimtioiirt in Iho country, controlling $2.ri,:i'JV illtil.iMHI in rc-muree nml cupitaliza lion. Thiol' ISO uii'ii, il wo alleged, Imld JlSfi dirtied pdilps in 11 great banks nml trust companies with iiKgtegate riMouri'iM of fll.H'.lll.OnO.OOO; I .'.' dir i'itnrhiHi in III mllrouiU, cnititlix id 11I .l'J.lfl:i.000,O0l; fifty dirro tiinliiii4 in I'li'vcn fnuniiii'o rom- Miiiii with iihii'Ih uf .f'.'.lt 111,0110,(100; ilirci'l(Mliiw in (wo oirt'x-. oiini liiuiioH, mnl lour dirt'olorfluiH in ono hlnmiiHhii ooinpmi.v. ilh a ooitiliinod I'lipilnl of $ 'J 16,0(111,00(1, and a Km niiiiiuil ini'oimi of jMI7,()(0,U()D; IIH diii'i'loriliiii in -fl itidiiNiiinI mr- iiiiniiiuni, ciiiiiiiiii'd ai .f :i,rH:i,o(io, 1100, Mitli mi I'ltrninj; cuimoily of $1,1 10,000,000 mmiiiilly and IS dir it'liiihiix in 111 pnlilii' nlilily cor lioraiion-, oaiiiliilirtd at iii.H'Jtl.OHO, 000 wild an oarniiiK capacity of . rJH,000,000 annually. lorKun 1 1 cil of TriiM Tim clinit hliowrd Moikiiii to lie the head and front of the iiIIckciI iioinliinu. IIU oonccin, it wiih nllc id, conlrolK lilt diicctoiM in Ul liiinkH mid truxt conipanicK, ith roMiinccri of jfl,lO(l,00O,OIJ0 and di'lxihilH of if0fill,000,000; four iliict'tom in four iiiNiiiauco coinpnuicH, with iikmcIh of I, 'J III.OOO.OOO; twenty dirccloi-H in II! i-ailroadH, cnplliilicd at .fl.IITO, 000,0(10, willi inilviiKK of 18,000 liiilcH ami n );iorH income of f7L,,(HU),()(H) annually; four dircctorx in sewn in liihtiia coi'imriilinuH, capitalized u( Financier Pleads lunorance of De tailsPolicy for Trusts to Deposit In Private Banks. (C'niitlniiod 011 Pi;o Five.) H RAILROAD N DO TO YUMA SAN UUJOO, Cnl.. no. 18. An uoiiucoinuut that lliu Kan Ulco mid Arizona lallroad, Htartod by John l. KprockclH of thlH oily, lo run from Kan DIi'kii, to Yuma, will bo rusliod to (iniiipluttoii, wiih mado today by iMuuatlii(; Dli color Clayton of thu KprcckclH (tompaulcK, It Iiiin been reported that thu mud, work on which him been hold up to n liugo extent becaiiba of litlKutiou with tba Koulh oru I'ncific,' had been taken over by the Hock Iohiud, which In HuppnBCil to lie soukiiic an outlet to thu Pacific count, but IIiIh wiih denied by Clay ton. Tlui road Inm huo(i ennstruoted in firnt cIiihh Hlmpo from Ban UIck" t u iinlul thirty iiiIIvh ouftt, and work luiH iiIho been douo from Imperial .Valley woel. WASIIINUTOS', co. I8.--J. I'ny Ntnt Morgan, Iho Now York banker, appealed in Iho I'liiiiiiillli'i'romii at 'J o'clock thi' aftoriioou, ready to testi fy bjjforo tho moiiry Inint prohom lie wiih aooompaiiied by oonxul. .The coiiimlttccroom doorn were locked when Murpui arrived, Iho proliem lmiiiic loft the lniildini; for luiichooii. Tho financier nud his at lorneyn watted oulhide, n polici'innn finally okmiiiii; the doom. Tho Hpoctalont ludny wore limitod to ueWKpapermeii, coiixreKKiiifii ami wilncHxeH, luloroxliit In (.linrU Mo run 11 hhnwod Kienl intcrc-nt lit ScuddorV ohnrU and fiKiiroi, wludy iiiR Uirin oloHidy. Whoa tho financier look Dm Miami, Attorney I.tmlnlmry, of roiuiiifl flfr tho Htocl oororatlon, wan nearby. Tim hanker firnt stilled hi" plneo of n'f-idenco mid then recited the parluor in hU Imnkinj; houc, lie asKortcd hi firm tried lo do a koii- ernl banking; liUHiiicH-4, hut declared Iheir I'heekx were no pod at the New York clearing Iiouho ami that their concern wan not a member of Iho n Mocialion. lie xnid Iho firm cannot While huuV.nolof. hut it acted Koneral ly iih a bank. MorKim prcHculed a Ntalemeut HlmwiiiK that on November 1, 18 cor IMiraiou" bad 81,1)77,000 on do xiit with Morgan and comimuy. liHt.u't Know HcIuIIn Tint tola) n uril iih nml (uiuleil dolili of (Iicho rorporntlonn were, ho nlil, fit, "liU, 000. 000. AhI;ci1, If, im mut ter of public (mllcy, ho favored per mitting i:rent corporntlniiN to ilepoHlt with private liiuikom, tho wltiu-Ht an- dworod "Yoa." MorKini until ho tlld not protend to lie ncounlnteil with tho tlclalld of hln office. UopreHuutntlvo I'ujo hero an noiiucoil uiljoarumeiit on account of Movornl of tho commltteumeu ImvliiK private oiiKnRcmcntri, MorKnu ami hlx party hold a recep tion on tho rntttrum of tho committee room, nhnkliig liniids with a numhor of tho irotiera. Couldn't Catch Itoikcfcller Tho ftrHt wltuoHH today wiih Chun. Illddoll, horKoaiit-at-nruig of tho hoimo. 1 lo recited htn uiiHueremiful otfortH to nerve a HUhpooua upon Wil liam (1, lloekofolior, oil miiKiint and rinaucler. I.nwreiiro Rcuddor, a Matlttcliii wiih Iho next wltnonH. lie Intro duced 8tutltlcn bIiowIhk at tho pros out IiIkIi rato of luerouso In their IiiihIiichk tho Mutual, Now York, Ciiultnbln and Motropolltan I.lfo In hui'uiu'o rompnnles could hnvo an ted nKKrettntliiR I,I3K,000,000 by mat. GREEK ARMY ATTACKS LAST MISSING IDE CAPTURED BY POSSE OXNAllO, Cnl., Dee. lS.Aftor terrorising tho CaultiiH dUtrlct near hero for mora than an hour and tloo lug to tho hllU, whoro ho oxclinugod mon than a ucoro of Hhotu with a sliorlff'a poBao, n man who gavo tho uiuiio of Ham Smythq was capturod shortly after noon today, Ono of tho purmilng deputies wan roportod to liavo boon orlouuly wouudod, hut this was not confirmed. Tho man la bollovod to bo limaac. Ho carried two rlflea mid two rovol vniD iiul declared that ho waa Heurohlng for Kdward l'ayaon Yoatan, tho potest rlnii. K T LONDON, Iltv. 1H. NowpnHr K'ein difcpalchc received heio to day from Athena declare that Iho Oreck army nttackuiK I'ort Haxani, the solo remaining foi trout, protect ing Janiiia, n nliuoKt ccilniu to take that position within a low hourn. The liutteiiiM of Port Hahiini, tho dixpatchoti nay, 'have licen siloiiced and itn mnga.ineK doHtrnyed by thu flreek fin1, which i doiected asuinat tho position from tho Mopes of a mountaiii ctowueil hy Port Drom, which ulo is certain soon to fall. T OBACCO K RETURNS HOME MAK E POHTI.ANI). Ore, Dec. IS. "I till love my hunlMiid dearly, and I did not lene him becauio of any limrrul. I am anxious to eo him but II will lu lmHMtlbli for us to re main togother loucor for roasons 1 cannot explain. I know I made an Impossible mn r rlii go tho moment af ter tho ceremony wa performed, and I resolved right then to lcavo my hus band with na little funa as possible "I never oonalderod aulcldo for nu Inatant." This la tho htatomont mado today by Mrs. J. (1. Hunter, ilea llosslo Cot- tor, who myntorlotisly disappeared In San Kranelaco wlillo on hor honoy moon, mid then Miihlonly apponrtMl In Portland while tho officials of several California cliloa woro search ing for hor. It la believed that Hunter la today on his way to Portland to again claim IiIh bride. FORAKER TELLS OF $50,000 Li AN M ARCHBOLD AN NUYV YOltK. Dec. IS. Tho weal; feature at thu opening of tho stock market today was Hooding, It falling off a point 011 Iho first fow trauauc tlona. With California Petroleum Und Mexican I'otrnlouin loaiug 3-1 of a point, oil shnros also showed weak ness. Although change woro fow aipl small tho market waa Irregular, tho early ndvauooH being confirmed to Stool nml United States Rubber, ouch of which gained a point, Sovuro declined lu obscure Btooua caused further weakuoaa lu tho oil market, Mexican Petroleum breaking Uli and California l'otroleum i4'. Later In tho day American Tobuceo nddod flvo points to ttn recent gains nml Lorlllard ndvnurod four points, Kxcept for apasmodlo Belling of Union Pacific, Rpooulatlou waa fea tureless. Attompta to market stocks In which there la but little public In terest caused (tonoral Chemical to drop 30 points on ono transaction. Tho mnrkot closed reactionary. Honda woro oaalor. TAFT'S LATEST APPOINTEES SENT TO THE SENATE WASHINGTON, Dee. 38. Pros!- dent Tuft sent to tho senate today tho nominations of William Distin of Illinois to bo surveyor Lonoral of Alaska, and of Joseph Collins lo bo postmaster at JUosoow, Idaho, BY DESERTED IE llOISK, Idaho, D.-o. 18. -Social circles in the cil .110 stirred to their foundations today liecmo of tho ar rest of Dr. I'M ward T. Hiwor, a prom inent physician, ami Sadie Doherly, whom it is claimed he married illegal ly. Tho nrroM comes ns tho result of a nationwide neareh by Hiwer's first wife, who claims ho left hor to run away with the Doherty woman whilo in Chicago, tho earlier pint of tho year. k It is claimed that lliwor was di vorced from lus first Vyifo in Jan nary and man led Misk Doherty in Aniil. tints failuiL (0 wait Iho Iol'uI six mouths before beinYo-wed, TO T WASHINaTON', Doc. IS.DomQ orotic senator today docldod to hold up all nominations pxcopt routine army and navy appointments from now until March 4. when President 12luct WPaon assumoa otfico, WASIIINT.TON, Dee IS Expla nation of tho circumstances In which ho borrowed $50,000 from John I). Archbold, president of tho Standard Oil company, disclosed by Standard Oil correspondence published by William It. Hearst, wns given tho senate campaign contributions Inves tigating committee hero this after noon by former Senator Joseph H. Forokor of Ohio. A feature of For- uker's testimony waa tho allegation that Hearst paid S3 1,000 for posses sion of tho photographic copies of tho Archbold letters. Tho publisher testified yesterday that he secured tho correspondence from John Kddy, now n rssldont of London, but ho de nied they represented any outlay of money. Thoy wore given to him, he said, when tho Independence Leaguo was organized, Kddy hoping tho pub lication of tho correspondence would aid tho new movotnont. Forakor admitted ho did not know personally that Hearst paid for tho letters, but that this Information was secured hy one of his prlvato agents ard ho believed It true. He charac terized Hearst's statement that Hearst did not know how tho Arch bold letters woro obtained ns "pre posterous." Fornkor denied that ho had acted as a lobbyist for tho Standard Oil Company defending his request tor money from Archbold by tho fact that ho ouco acted as couusol for tho Standard Oil magnate. Ho explained several of Archbold's letters, rending numerous documonts regarding tho leglslatlvo situations they Involvod. Tho $50,000 borrowod from Arch bold, Forakor said, was secured to assist n friend In purchasing a news paper. Tho pnper was nut purchased, ho said, "and tho money returned." Ho chnrgod Hearst with purposely suppressing the letter which showed tho loan had boon returned, 10 CASE nriEs TO 1 T State Rests Case Before Noon and Defense Begins Presentation of Evidence Lengthy Cross-Examln ntion to Discredit Confession. Prosecution's Case Similar to That in Spanos Case Arguments Begin This' Afternoon. PROPOSES POPULAR ELECTION OF POSTMASTERS WASHINGTON, Dec. 18-Senu- tor lhistow today introduced a bill in the senate proposing popular elec tion of postmasters witli salaries over $:)00 annually. Tho nieasuro provides fivo year terms and pre vents ro-electiQU. The one of the 'tnte vn. Sovmnur nliaw Parker for murder will reach the jury thin afternoon. Tho tntc rcMed it rao nt 1 1 iMO n. m. and tho defence hegnn it presentation of otideiiee. Arguments will begin by iliM) 11 clock mid Iho case should reach the jury by t o'clock. Lengthy enws examination of Sheriff .Ionc., Jailor l.miU Katoii and Harry II. Hick- of Hip Mnil Tribune by IL H. MeCnho, attorney for tho defense, occupied most of the mor ning session of the Seymour cae. Attorney McCnbe wai particularly bitter in hit cros examination hop ing to break the testimony of the officer. McCnbe has endeavored since the outset of the trial to discredit the niolliods used in securing the con fession of Seymour. -.Sheriff JrtiiiWJlnn'HWia'rcfatcil in detail the confession of Sevmour nud told of taking him over the ycenc of the crime nfier ho had been properly warned. The state called J. C. Woods of the Dig Pines Lumber company who told of finding Dcdasknlou' purse where Seymour and Spanos had thrown it. Officer Cndy of the Medford po liee force told of seeing Seymour re turn to his room at the Seattle rooming house on the night of the murder about 12 o'clock. After testimony had been Intro duced for and against Tuesday af ternoon, Judge Calkins In tho circuit court ruled that the confession of Seymour was admlssable as evidence It being shown that it had not been secured In an Improper manner. Fol lowing the admission of the confes sion tho state continued offering other testimony and exhibits. The finding of tho club and the watch were detailed, the belt and watch Identified and much progress made. Tho testimony offered In the case Is almost Identical with that offered In the Spanos case, although there will probably bo a more elaborate de fense. Seymour took the atand while evi dence for aud against tbe admission of the confession was being taken nnd for 33 minutes talked without a break or hardly pausing to catch his breath. In a inouatoiie, In which llttlo Inflection was placed ho reeled off statements charging abuse, star vation, and solitary confinement. Mike Spanos was also placed on the stand but mado an Ineffective wit ness ns he would not admit knowing anything of the crlmo of which ho was found guilty last week. m mm TO NEGOTIATE WIIH GREEKS Main Obstacle to Peaceful Settlement of Balkan War Removed as Result of Threat Made When Turkey Re fuses to Confer With Greeks. Turkey Said to Be Playing for Time, Hoping Discord May Appear in Ranks of Foe. LONDON, Dee. 18. Premier Dan eff of Bulgaria, that country'rf rep resentative In tho jwncc eoiifercnoo between Turkey nnd tho Ilnlknn al lies announced officially tonight that tho peace envoys havo been ordered to negotiato with the Greeks. This isliclioved to remove the prin cipal obstacle so far apparent to n !ciieofu! settlement of the Balkan wnr. Y ON BRITISH WARSHIP LONDON, Dec. 18. Escorted by a guard of honor, tho body of White law Iteid, late United States ambas sador to tho court of St. James, will ho taken from Dorchester House, his luto residence here, at 10 o'clock Saturday morning, and put aboard a British warship which will convey it buck to New York. One hour Inter Mrs. Heid will board tho steamer train and will go aboard tho linor Campania. None of tho Koid family will necompany tho body on tho warship, but represen tatives of tho American embassy here will be in ntteudaueo 011 tho ro muins until they arrive in New York. Queen Mary today sent an elab orate floral wreath to add to the thniiKaiuls uf trihntiva lr llin .Innil illnloniiit uhii'li luivn riiuwii.il lnr. cheater Ilou&o. . LONDON. Dec. 18. "The Ilatkan states will end all negotiations with Turkey unless the Greek envoys are permitted to participate la the con ferences." Thla waa the declaration here to day of Premier Daneff of Bulgaria In answer to tho demand of thu Turkish representatives that the Greek en voys be not allowed to participate In the prae nexotlatlAife beaaow- Oreeea flatly refused to sign tho armistice. Tho Sultan's envoys, at the request or the Balkan representatives Immed iately wired the Porte for now In structions, and an answer Is expected today. If the Porto sustains the position of the Sultan's peace en voys, then the negotiations will como to an abrupt end. Adjourn to Battlefield "If Turkey." continued Dr. Daneff, "persists In not recognizing the Greek envoys at tomorrow's meeting, then the next session between tho allies and Turkey will be on tho battlellnes at Tchatalja. It would mean the end of the Sultan's reign so far as K 11 rope la concerned." Turkey's protest against Greek participation In the conferences la believed to havo merely Increased tho solidarity of tho allies. Outlook Discouraging The outlook today was distinctly discouraging, but despite surface In dications, the optimists aro hopeful aud Insist that Turkey Is merely play- lng for time, hoping that discord may enter the ranks of her foes. Foreign mediation between tho bel ligerents Ik ngaln being discussed today. If Constantinople Instructs Iteschld Pasha and his colleagues not to negotlato with the Greeks the am bassadorial conference, summoned by Sir KM ward Grey, may make sugges tions to smooth out the tangle. That Austria Is still a disturbing factor of the affair Is certain. Asked whether he brought Instructions for war or peace, Count Mendsorff, tho Austrian ambassador, replied: "Peace. Peace up to a certain point." Tho Servian envoys intimated un officially today that Servia Is will ing o leave entirely to tho powers Iho adjustment of u Sorvinn com mercial outlet to tho Adriatio fieu. This, coupled with cablegrams from Vienna that Austria doos not object to such u program, mado tho peace outlook much brighter in tho latter hours of the day than it formerly had been. ! INDIANAPOLIS, Ind., Dec. 18. A big sensation was sprung at tho dy namite conspiracy trial hero today when an unidentified woman tele phoned a prlvato dotectlvo agency warning them that a plot had been formed to blow up tho federal build ing, Tho defendants derided the report, but United States Marshal Schmidt announced that tho guards about tba building would ba Immediately b U-creasod; 1 1 V " iMMM . .. .. -t. .. .-. . , . . i 1