OCR Interpretation


The day book. (Chicago, Ill.) 1911-1917, June 27, 1914, NOON EDITION, Image 2

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1914-06-27/ed-1/seq-2/

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lows when business exceeds the unit
of greatest efficiency; an indictment
of the whole trust system. '
John Claflin may have been an ex
cellent man to run-gne store, but
when it came to managing many all
over the United States, he and his
management utterly fell down.
It is no evidence of bad business
conditions in the country. It is no
evidence of tight money, because
money Is not tight. What it is evi
dence of is the economic mistake of
Louis D.Ura.-HdetA
undertaking to link together a large
number of businesses under a single
financial management.
Morgan sacrificed efficiency to
monopoly In .the New Haven Rail
road. The New Haven has been Mor
ganized into physical and financial
bankruptcy. The same- thing hap-
- pened in the combination of the San
HE BIT OFF MORE THAN-HE
COULD CHAWI
Francisco and Rock Island railroads. U)f pamphlet entitled "Sugar at a
The Claflin Company tried to do in
the mercantile world what Morgan
did in the railroad world, and the re
sult is an exposure of the funda
mental fallacy which underlies, the
whole trust movement the ineffi
ciency of merely bigbusiness.
Sain. OfflSJiu
John Clafln, head of the biggest
dry goods concern In the world,-the
H. B. Claflin Co., which has just gone
into the hands of a receiver.
o o '
' VIOLATED POSTAL LAWS
Washington, June 27. Report by
inspectors of postoffice department to
Postmaster Gen. Burleson finds Tru
man G. Palmer, sec'y and tre'as U. S.
Beet Sugar Industry Ass'n guilty of
violation of postal laws and regula
tions when he mailed throughout the
country under frank of Sen. Henry
Cabot Lodge, Mossacnusetts, copies
Glance," and that the government has
been deprived of $57,600 in revenue
through the- misuse of the franking
privilege.
., o o i-s
John Kostvlach. South Chicago,
Jsufcided. Gum
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