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title: 'Bisbee daily review. (Bisbee, Ariz.) 1901-1971, October 13, 1912, SECTION ONE, Page PAGE EIGHT, Image 8',
meta: 'News about Chronicling America - RSS Feed',
Image provided by: Arizona State Library, Archives and Public Records; Phoenix, AZ
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SUNDAY MORNING, OCT OBER 13. 1912. P j( if
THE BTSBEE DAILY REV IEW BISBEE, ARIZONA,
PRESIDENTIAL CANDIDATES Ai
BrUTBfi WITH STEEL 11 ST
National Tube Company Sh own to Be Worth Not to Ex
ceed $19,000,000 Was Acquired by Promoters Who
Organized New Concern and Capitalized It at $80,
000,000, George W. Perkin's Firm Giving $20,000,000
$ apiippw .J
NEW YORK, Oct. 13. Before cer
tain great financiers organized the Na
tional Tube company they employed
Mr. Julian Kennedy, one of tho great
est engineers in the world, construc
tor of the Bessemer convertors, blat
and open-hearth furnaces and othor
plants required In the steel business,
to -ascertain the value of the prop
erties that It was proposed to com
bine under the name of "The Nation
al Tube Company." Mr KenneJy
made careful and practical invcstlga
tton and reported that the concerns
were worth not to exceed J1.000,000.
The promoters acquired those prop
erties and organized the company, cap
italizing It at $80,000,000, of which
thoy gavo the firm with which Mr
George W, Perkins was then connect
ed as partner $20,000,000 for effecting
the combination and establishing tho
monopoly. Sir. Perkins lias since
dropped Into politics and Is manager
of tho Dull -Moose campaign.
Controls Tube Industry
This company had 90 per cent of
the tube mills of the entire country
and fixed prices to suit Its cupidity,
earning 70 per cent per annum on
the cost of its properties But It was
not satisfied with such beggarly re
turns. It bought Its raw material of
the Carneglo company, and now It
resolved to erect blast furnaces and
rolling mills and manufacture Its own
That did not suit Mr Andrew Oar
regie, and he served notice on them
that If they could make the billets he
could make tubes. That would have
Ibeen competition, and it Is the mis
sion of your trust to destrop competi
tion. Mr Carnegie represented to
this National Tube concern that their
plants wore antiquated, fit only for
tho scrap pile, and that it was his
purpose to build a mill at an expendi
ture of $12,000,000. at which he would
make tubes at a cost of $10 a ton less
than the trust could make them Car
negie had forced the Pennsylvania
Railroad to fetch and carry for hlra,
and he was a holy terror In the world
of business when competing with a ri
val. Buy Carnegie Anyway
When Wall street heard of thK
word went back to buy Carnegie out
at any price. They had previously
added to their tube company sundry
other properties for the manufacture
of wire, tin plates, hoops, steel
bridges, and so on. and already It was
a very lusty monopoly.
But until they rid themselves of
Carnegie they would not have full
control of the market, productive and
consumptive The matter of price was
not the leading consideration: Carne
gie must be hired to go out of busi
ness at any cost before the American
people could be made the victims of
the Steel Trust
In litigation with H C Frlck. Mr
Carne'gle swore that his properties
were worth less than $76,000,000. and
Ills testimony was supported and cor
roborated . by the oaths of Schwab,
Galey and others Subsequently
Frlck'and the Moores got nn option
on the Oarnegle company, the agreed
price being $260,000,000, but thev
failed to raise the money because J.
Plerpont refused to go Into It Tor the
reason that the property was nt
worth nearly the price.
Carnegie said, "Very well. It Is war,
then," and he was fixing to enter
upon cutthroat competition with Mor
gan, Prick, the Moores. Perkins and
the rest -of them Tint was ruin for
somebody and Camesle knew It was
ruin not for him. for he proiiosed to
produce and distribute cheaper than
the trust could vosslbly make and sell.
The trust hesitated and again en
tered upon negotiations, and the re
sult was they gave Andrew Carnegie
over $400,000,000 to convey to them
his property that it had been sworn
In a court of justice wis worth le
than $76,000,000. But he went out of
the steel business, and that was whrt
tboy were after,, a monopoly of tht
market of the most extensive am!
prodigal consumers of steel In the
Americans Pay Dividends
Then what did they do? Tbev cant
tallied the tru?t at $1,400,000 000. and
the American peoplo are paying dlvl.
deniis on that gigantic sum mostlr
lloosev'elt saya that Is a "good"
trust and It ought to be legalized, so
that It may become respectable and
rob the people according to law.
Taft says this robber concern mut
be protected in the tariff laws of tho
H would have been impossible to
create this monster If there had been
no protective tariff. It could not exist
as a monopoly a slnele vear. If the
protection accorded It In tho tariff
Go To Support of Teddy
Only the other day the largest Indi
vidual stockholder In the Steel Trust
Invested $l,f00.000 In a newspaper In
New York In order that CoL Roose
velt might have on organ at the me
tropolis in this campaign, and, looked
at from the vulgar material, selfish
point of view the Steel Trust could
afford to spend ten times the sum to
maintain the tariff that secures it In
the monopoly It enjoys.
And if tho Steel Trust could afford
to give Andrew Camesle over $400.
000.000 for less than S76.000.000 worth
of tan-ible property If he would retire
from the steel business and leave the
market clear to It the Steel Trast
can affofd to give $150,000,000 to get
Itself legalized, as noosevelt propose,
and thus made forever secure in Us
Woodrow Wilson says that the Steel
Trust shall surrender Its illegal privi
leges, that it hall be short of the -id
vantages It lias usurped and meet
Both Taft and Roosevelt are agreed
that the tariff must be Invoked to re
lieve the Steel Trust from competition
Andrew Carnegie says that the Steel
Trust does not need a protective tar
News Forecast of Week
Events of Importance Anticipated
in all Part 8 of the Country
WASHINGTON, D. C. Oct 12.
The greatest naval show In the his
tory of the United States will roach
a climax Thursday, when President
Taft and Secretary of the Navy Meyer
will evlew the great line of armo'
clads and lesser naval craft now as
sembled in tho Hudson river. Tbp
Iresldcnt.'atoard tho Mayflower, will
review the lino of ships as they pass
down the river and out Into New York
bay. More than 700.000 tons of fight
ing ships will be In the display, and
of this grand total more than 450,
000 tons win be superdreadnaughts,
dreadnaughts, first-class battleships
and armored cruisers.
On the day following bis review of
the fleet. President Taft has prom
ised to go to Worcester, Mass., to
help the American Antiquarian So
ciety celebrate the 100th anniversary
of Its organization.
More than a score of cases of un
usual consequence are on the docket
for early hearing before the supreme
court of the United States, which
will convene Monday fonts fall term.
The cases Include those of the anthra
cite coal trust the Union Pacific
Southern Pacific merger, the Inter
mountaln rate cases, the Kansas elec
tion case, the cotton corner case, the
suit to dissolve the bath-tub trust,
the toulsvllle and Nashville rate cas-
and several cases Involving the Inter
state commerce laws.
Delegates from many countries will
Assemble at the end of the week Jn
Lethbrldge, Alberta, to take part in
the International Dry Farming Con
gress. Other gatherings of the week
of more or less general Interest will
Include the International convention
of Disciples or Christ, at Louisville,
the annual reunion of the Society of
the Army of the Cumberland, at Chat
tanooga; the annual convention of
the National Association of LSfn
Underwriters, at Memphis, the an
nual meeting of the American Hu
mane Association, at Indianapolis, and
Packers' Association, at Chicago.
Of Interest In church and education
al circles will be the Inauguration or
Dr Alexander Helklejohn as president
of Amherst College and the laving of
the corner stone of the new Southern
Methodist University at Dallas.
The consecration of Rev. Heber J.
Hamilton, the bishop-elect of the new
Canadian diocese of Japan. Is scehd
uled to take place Friday In Christ
Church Cathedral. Montreal.
A distinguished body of Pennsyl
vania civil war veterans an public
officials will go to Culpepper. Va,
Thursday, for the dedication of the
monument erected to the memory of
the Keystone State soldiers burled In
the national cemetery at that place.
Brief Local Items
Bisbee Woman's Club
Owing Xo the unexpected absence
of a member of the W'oman's Club
who w-as on the program for next FrI
day, the literary meeting has been
postponed, and the first of a scries
of card parties will be held. Mem
bers who wish to help with the sew
ing In the charity daprtment will
bring their lunch and spend the day
Don Luis Gymnasium
The elite of Don Luis held a dance
In that town Friday night and an or
chestra under the leadership of Prof.
Harry Miller, rendered excellent
music In fact, the music was stica
that the fifty couples- on the floor were
loath to leave the hall. Everybody
was well pleased with their night's
Judge Bethum Dies
ExJudgo J. D. Bethum, former
judge of the district court of Cochise
county, died at his home in Los An-
the convention of the American Meat geles. 1021 North Bonnie Brae. WeJ- Tombstone canyon, and was conduct-
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for the HEAD OF THE HOUSE(?)
For Instance:- SUITS and OVER-COATS- you'll
want a suit this fall and very likely an overcoat
naturally you want as l' value for your monev as is possible. You probablv
realise at that, that you have to look more to" Q UAL1TY than to PRICE.
There's lots of fraud in fabrics-stuff that looks pretty good when new and
bum ar a lenipimKiy i uw price. S-sRw.
If wop't nay you WK WANT YOU to try us on WASHINGTON or SOC1RTY BRAND CLOTHES
OOOD QUALITY PAYS and these clothes have that QUALITY Besides wo give you sincere per
sonal service and ub6olutely stand behind everything we sell mt.
SUITS-$17.50 to $35.00 GOOD OVERCOATS & RAINCOATS $17.50
Is Yours a ''Nettieton"?
!rib Nbl lLhlON stands for what is best in MEN'S FINE
SHOES The man who has worn a Nettieton knows this, and
win wear no otner make.
THE HABIT of wearing NETTLETONS begins with the
par-Come in and get yours whether its the first pair or a
pair ot kicks tor tan.
NETTLETONS SELL FOR 6.00 & S6.50
(And are worth it too)
AND WE SELL REGAL SHOES TOO , f
$3.50 to $5.00 Shoes that need no recommendation from us-you
know them as that good medium priced, low profit shoe. ,
HATS OFF (that is vour old one) to our NEW Hats
Three of the best makers represented in our stock of
lids, in all the new fall shapes and felts
FELT HATS or STIFF HATS-
1 WE'LL FIT YOUR FACE AND HEAD
MALLORY "CRAVANETTED" $3.50.
H. H. ROELOFS "SMILE" $4.00.
STETSONS "GOOD GRADES" S3 AND SG.
MEN'S FURNISHINGS in general-in a world of
NEW ARRIVALS-and more ARRIVALS each dav. A
REAL MEN'S STORE-when vcu get the habit vbu'll
like the way we take care of you.
NEW SWEATER COATS
NEW PAJAMAS AND NIGHTGOWNS-'CLOSED-CROTCH
GLOVES-DENTS AND FOWNES-
ENGLISH GABARDINE-RAIN AND AUTO COATS
SUIT CASES AND BAGS
CLUETT (ARROW) AND ROTHAAI SHIRTS
"CROWN" SEPARATE TROUSERS-
Schwartz Brothers Co.,
THE SAFE PLACE
GgstiU& WU AttEBd DttSX X Oh
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MAIN STREE7 toifi2abeSSt., 1
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nesday, after a long Illness. He wa
seventy years of age, and vtas a na
tive of Georgia. The older members
of the Cochise county bar well remem
ber him, as he was Judge of the dis
trict court under Cleveland's administration.
Columbus Day Observed
Yesterday, October 12, was Colum
bus Day, a legal holiday in Arizona
by legislative enactment, and nil
banks and the post office were closed.
Flags new from many buildings In
the city in honor of the day. The
holiday was celebrated by the Italian
American society by a dancn at Pyth
ian Castle last night, and by tb
Knights of Columbus by a dance a
their lodge house on Opera Drive.
Funeral of Mrs. Smith
Tho funeral bf Mrs. Konrad Smith,
whose death was noted in this col
umn. was held yesterday afternoon at
2 o'clock from her Jate residence In
ed by Rev. J. E. Fry, assisted by
Iter. J. C. Prltcbard. Interment was
Funeral of Mrs. Oliver
The funeral ot Mrs. Jane Oliver will
be held this afternoon at 2 o'clock
from the Masonic- temple .on Main
street conducted by Rev. J. E. Fry.
Yesterday's Hotel Arrivals
At the Copper Queen: J. F. Stokes,
Chicago; U Tiger, Rochester, iN". Y.,
Ethel j A. Davis, St David; Jesse U.
Boyce, Flagstaff; David Gray, Chica
go; J. H. Ioeb, Chicago; O. E. Tuft,
Denver. Mr and MTs. Franklin
W. Smith J WUtan, Philadelphia:
Robert S. Fisher, Phoenix; J. Wa'l
burne, Louisville; C. W. Henry, San
Francisco; R. S. Weiner, El Paso
G. H. Dudley, Metcalf, Ariz.: W. K.
Chamttrs. Safford, Ariz.; R. Cllne.
Hereford, Ariz.; H. E. Fletcher, Here
At the Philadelphia Hotelr Mr. and
Mri. Ed Wright and son. Mason, Nov.;
J. J. Johnson, Phoenix, Mike Roach.
Phoenix; V. Melbourne; Pat Smith.
Benson; J. R. Bozman, Douglas;
Judge Owen E. Murphy, Sombstone.
Beams Have Arrived
Eye-beams to be used in the street
railway bridges in Tombstone canyon
have arrived and are now being put
In by the city. As soon as this work
is completed the street car line will
be extended up the canyon as far as
C. K. Thomas' place. I
Room is Robbed
A room occupied by a miner at a t
School Hill rooming house was en
tered some time during the day Fri
day and $90 taken from a trunk. The
robbery was reported to county oBl-1
cers, but as yet they have no clue
as to who committed the robbery.
When you have a had cold you
want tho best medicine obtainable so
as to cure it with as little delay as
possible. Here 13 a druggist's opln
Ion: "I have sold Chamberlain's
at $lf 95
Cough Remedy for fifteen years," says
Enos LoIIar of Saratoga, Inrf., "and
consider It the best on the market,"
For sale by all dealers. Adv. 727
'Read Review jWant Ads
First Arizona State Fair, Phoenix October 28 to November 2.
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