Newspaper Page Text
FIFTY-NINTH YEAR. NO. .86.
TUESDAY, JANUARY 25, 1910.
PRICE TWO CENTS.
NO TIME IN
. Hastens, After Seeing J.
J. Hill, to Deny Sweep
MESSAGE TOLD IT ALL
Fear of Anti-trust Campaign by
Government Causes Panic
rent or ppeak for fthe president ia
ivthlng he said, bull be was sure t he
Washington, Jan. 25. The president
today made public the following state
ment as 10 repons inn me aaimuia
tration la planning a crusade against
unlawful combinations of capital;
"Xo statement was issued, either
frorq, the attorney general's office or
the White house. Indicating the pur
pose of the administration with refer
ence to prosecutions under the anti
trust law is other than as set forth in
the message of the president Jan. 7.
1910. Sensational Ftatements as if
there were to be a new departure of
indiscriminate prosecution of impor
tant Industries have no foundation."'
Followed Talk nllh Hill.
The statement was issued after the
president had a talk with James J.
Hill, ihe railway magnate, and had re
ceived information that prices were
ninVoling in New York under various
-opens printed yesterday and this
mcming. Hill, on leaving the White
nouse. raid ne did not pretend to rep-
president would net attack the cor
porations of themselves but the sins
Country erdn Rent Cure.
Hill declared he discussed "general
conditions" with the president and
pd not gone into the subject of
- prosecutions of "trusts. "Normally
conditions are satisfactory in all di
rections," said Hill, "but we don't
want a lot of wild stories to, get
abroad that cause depression.
"But we do need a rest cure bad
ly," he said, adding the country
should be allowed time to recover
from the panic of 1907.
What President Said.
In his special message on the inter
state commerce and anti-trust laws the
president, iu connection with the rec
ommendations for a federal incorpora
tion act, said: "It is my duty and
purpose as executive to direct investi
gation by the department of justice
through grand jury or otherwise into
the history of the organization ad
purposes of all industrial companies
with respect to which there is any
reasonable ground for suspicion that
they have been organized for a pur
pose and are conducting business on a
plan which is in violation of the anti
Need Only the Fonda.
"The work is a heavy one, but it is
not beyond the power of the depart
ment of justice If sufficient funds are
furnished to carry on the investiga
tions and pay the counsel engaged in
the work. But such Investigation and
possible prosecution of corporations,
whose prosperity or destruction affects
the comforts not only of ,the stock
holders but of millions of wage earn
ers, employes and associated trades
men, must necessarily tend to disturb
the confidence of the business com
munity, to dry up the now flowing
sources of capital from its places cf
hoarding and produce a halt in the
present prosperity that will cause suf
fering and strained circumstances
among the innocent many for the
faults of the guilty few.
Would Provide Way to Feape.
"The question which I wish in this
message to bring clearly to the con
sideration and discussion of congress
Is whether, in order to avoid such pos
sible business danger, something can
not be done by which business com
binations may be offered means, with
out great financial disturbance, of
changing the character of their organ
ization and extent of their business
Into one within the lines of the law
under federal control and provisions
securing compliance with the anti-trust
Price Go to Smash.
New York, Jan. 25. There was a
flood of liquidating sales at the open
ing of the stock market today which
broke prices severely in all directions.
There was great disorder In trading.
Reports of the government's anti-trust
program and the belief that the gov
ernment would win the. expected de
cisions of the American Tobacco and
Standard Oil. cases before the supreme
court were accepted explanations of
the selling. Towards noon there was
a pause in the flood of liquidation and
prices rallied slightly.' Up to that
time the decline ranged up to 63-
7Vot Cheeked Till "oon.
It was well toward noon before
there were any signs of restraint on
the unbridled liquidation. Stocks re
garding which there has been any sus-
Increasing cloudiness, with probably
showers late tonight or Wednesday;
warmer tonight, with the lowest tem
perature near the freezing point.
Temperature at 7 a. m., 29. Maxi
mum temperature in last 24 hours, SO.
Minimum in last 12 hours, 20. Velocity
of wind at 7 a. m., 10 'miles per hour.
Precipitation, trace. Relative humidiU'j
at-7 p. m. 86, at 7 a. m. 79.
J. M. SHERIER, local forecaster.
Sun sets 5:05, rises 7:11; moon rises
5:19 p. m.; 4 a. m., planet Mercury In
Inferior conjunction with the sun.
passing on the nearer side from east to
west and becoming morning star; Sir
Edmund Ilalley died, bom 1C57. Eng
lish astronomer, because of whose dis
covery of its periodicity, the great
comet now approaching was named
picion of operations by market pools
were notably weak.i
Money Lenders Chary.
lenders of money were said to have
taken cognizance of recent events
pointing to pool manipulating, such as
the Hocking coal episode, and to be
withdrawing credits when such stocks
figured as collateral. The liquidation
thus forced caused a precipitate tum
ble in quotations. Just before noon
there was a pause in the flood of sell
ing and covering by shorts caused a
brisk rally. The rate of activity im
The stock market closed weak and
near tne lowest point.
Copper Off Alno.
Boston, Jan. 25. Copper stocks to
day experienced one of the sharpest
declines in nearly a year.
Head of National Board
of Trade Would Let
Foreign Trade in.
NEED SERVANTS HERE
Also Suggests at Opening of the
Meeting Intervention to
Avert Trade War.
Washington, Jan. 25. Sixty cham
bers of commerce and boards of
trade, voicing business needs of the
nation from as many cities, are rep
resented in the 40th annual meeting
of the National Board of Trade here
Twentieth Century Limited on
New York Central Wreck
ed on Cross Over.
BOTH ENGINEMEN KILLED
New Investigation of the Spanish
River Disaster on Canadian
Pacific Is rtegon.
Utica, N. Y., Jan. 25. The east
bound Twentieth Century limited on
the New York Central was derailed
near St. Johnsville this morning while
taking the cross over from track 1 to
track 2. Engineer Scanlon and Fire
man Handville were killed and the
passengers were thrown from their
berths and some slightly injured.
Mb Judged 'Speed.
The engineer and fireman were
crushed under the engine which turned
completely over. No blame appears
to be attached to the tower man for
the accident, as he set the signals in
Water Rushes Through
oi City of Paris.
CAUSES GREAT ALARM
Rise of Few Inches More in the
Seine Will Precipitate
Paris, Jan. 25. Fifty thousand sol
diers, comprising the garrison of Paris,
were placed at tne disposition of the
municipal authorities this morning to
ngni ine roa wnosc ravages are ! drinking supply
spreading ruin and consternation : 0f underground
gets into line
Resolution Introduced to Inves
tigate the High Cost of
PRICES ARE COMING DOWN
Notable Reductions Made in Buttet
and Eggs Wilson Says Re
tailer Is to Blame.
Springfield, 111., Jan. 25. A res
olution providing for a legislative
committee to investigate the increas
ed cost of living was introduced in
the senate today by Senator Henson.
125,000 Quit at Pittsburg;.
Pittsburg, Jan. 25. One hundred
twenty-five thousand workmen in Pitts
burg and vicinity today began their 30
days period of meat abstinance.
PlttMbnrjc Cntile Price Drop.
Pittsburg. Jan. 25. Cattle prices
tumbled 40 to 50 cents per 100 yester
day, but there was no reduction in
Price Reeede at XeTT York.
New York, Jan. 2 5. Milk, eggs
and butter led the procession of re
ceding prices in food products here
today. Meat, too, is on the decline,
following greatly reduced consump
tion. State anti-monopoly laws are
to be invoked in the movement to
combat the trusts that have advanc
ed food prices. Today a special
grand jury to consider the effect of
combinations among dealers in food
stuffs was sworn in.
AVIlMon Denounce Retailer.
Washington. Jan. 25 Secretary of
Agriculture Wilson, before a house
committee 'investigating the price of
food products in the District of Col
umbia, made some startling state
ments yesterday. He charges that
food products are being shipped
abroad and sold cheaper than similar
articles iu the home market, and tnat
retailers exact an enormous profit.
"Until comparatively recently," the
secretary said, "the American people
enjoyed the cheapest food in the
world. But nowadays not enough
people know how to farm profitably;
know how to make an acre respond.
The lure of the factory has called the
farmer from the plow. The worst
farming in the country is done east
of the Alleghany mountains, and ag
ricultural land is the cheapest in this
section in consequence. The boys
have left the farm and the scarcity
of labor is now the greatest curse ol
Cooperative Market for Poor.
Des Moines, Iowa, Jan. 25. Nine
business men of Des Moines, headed
by Postmaster J. I. Myerly, Colonel
H. B. Hedge, vice president of the
Central State bank, and County
treasurer George L. Dobson, have
made up a fund with which they will
establishe a cooperative meat market.
They plan to sell meat at a profit of
1 ! - f
Even the Consumer Will Turn
IV Jfajw$ A... - k i . -
The meat boycott is quite extensive. News item.
(Continued on Page Five.)
VOTE 28 TO 13
Springfield, 111., Jan. 25. By a vote
of 28 to 13 the senate today passed
the committee direct plurality primary
bill which carries the Gibson amend
ment providing for a blanket ballot.
today. Concerted action on the live
issues of the day will be taken and
expression of the national body indi
cative of the sentiment of business
interests will be given in the form of
resolutions proposing some legisla
tion, favoring some now proposed
and asking the repeal of some now
MIrht Avert Trade War.
"Tariff relations between the United
States and Germany have reached al
most an acute stage, and it occurs to
me that the commerce of our country
is likely to sniffer severely if Germany'3
present attitude is maintained," said
President LaLanne of Philadelphia, In
an address at the opening of the con
vention. "It is possible," continued
the speaker, "for the National Board
of Trade to get into friendly, touch
with the leading trade bodies of Ger
many and accomplish results which
perhaps might aid the state department
and department of commerce and
Xeel More Laborer.
"Another very important subject is
immigration. We need more laborers;
more house servants. The American
people live better than the other peo
ple of the earth. I think there should
be wise laws passed for better distri
bution of Immigrants who come here.
Now most immigrants are rushed off
to the west."
Quakes in Imperial Valley.
El Centro, Cal., Jan. 25. A series
of earthquakes were felt at Imper
ial valley points early today.
proper time. The engineer apparently
misjudged the speed of the train.
When the locomotive struck the cross
over the ponderous machine bounded
into the air and turned over. The
sudden twist wrenched loose the
coupling between the engine and bag
gage car and this saved the train'
from the ditch.
The passengers have been sent for
ward on other trains.
Keeley Telia Story.
New York, Jan. 2.5 Passengers on
the Twentieth Century limited wrecked
near St Johnsville, N. Y., were
brought here today. James Keeley,
managing editor of the Chicago Tri
bune, found himseU" rolled up in a ball
at the end of his berth and when he
unwound - himself from entangling
blankets left the sleeping car to see
Smeared Over Fonr Track.
"The Twentieth Century was simply
smeared over four tracks." said
Keeley, "and I never saw anything like
it in my life. It appears we were
booming along about CO miles per hour
and the towerman had set the signal
to slow down and take the ( cross over
switch to another track to pass a
wreck on the track on which we were
running. The engineer evidently
didn't see the signal, for he took the
cross over switch a flying. We hap
pily missed by six Inches a freight
standing on the next track. The en
gineer stuck to his engine and his ap-
(Contlnued on Pagre Five.)
throughout the city.
1 At 8 this morning the water at Pont
Royal touched 26 feet above low tide
and was rising half an inch an hour.
I'nderarronnd City Drowgcd Ont.
The damage done is incalculable.
The Industrial life of the city is rap
Idly becoming paralyzed. Surface lines
of railroad communication and wire
service are demoralized. The disaster
locally is due chiefly to the fact the
whole marvelous underground archi
tecture of the city, which is honey
combed with labyrinths, is filling up
with water, causing sewers to burst,
streets to cave in, and threatening
foundations of buildings.
Street Are aa Lake
The scene on the river front is ma
jestic, but appalling. The stream has
broken the barriers at several points
and is pouring yellow torrents into the
surrounding streets, converting them
into veritable lakes. It may be neces
sary to blow up the Alma bridge,
where the water is but a few inches
from the keystone of the arch, as a
dam there might turn the course of the
Seine such a way as to flood several of
the most fashionable sections of the
Chemical Factory Explode.
A tremendous explosion, which
awakened the city at 5 o'clock, led to
the report the Alma bridge was blown
up, but the explosion proved to have
occurred at a chemical factory eight
miles away, probably the result of wa
ter coming in contact with chemicals.
At nocn Paris was the center of an
TRADE WAR THREATENED UNDER
NEW TARIFF WILL HIT CONSUMER
(Special Correspondence of The Argus.)
Washington, Jan. 23. The United
States is on the verge of tariff wars
with Germany, France and Canada as
a result of the provision of the Payne-Aldrich-Smoot
law imposing a maxi
mum additional duty of 25 per cent
against Imports from any country
which does not grant us its minimum
March 31 is the date on which Pres
ident Taft must, under the" terms of
section 2 of the new tariff law, an
nounce what countries the maximum
rate is to be enforced against. As the
new tariff rates now stand, they aver
age about 2 per cent higher than the
Dingley law rates. With the applica
tion of the 25 per cent maximum duty
against the imports of any country dis
criminating against our products, the
revision upward of the rates on, the
products, of such nations will amount
to 27 per cent . This rate is almost
equivalent to prohibiting the country
against which it is assessed from sell
ing us'anything whatever. Or, io
it in another way, the application of
the maximum rates means an almost
complete cessation of trade between
the United States and the country
against which they are applied.
Will AU Fight Back.
No one doubts that If we apply the
maximum rate against Germany,
area of low pressure and bitter cold
and rain and sleet were falling through
out the flooded regions, adding to. the
suffering of tne poor and. homeless.
The price of food is increasing, owing
to the fact that communication with
the provinces is crippled.
Great Alarm Over Water Supply.
. The depleted supply of drinking wa
ter caused the greatest alarm. With
the rise of the flood but a few inches
higher the pumping stations, still in
operation, musj stop, and Paris, in the
midst of a miniature ocean, will be
without water fit to drink.
Worse Iu Suburb.
The situation at between 20 and "0
suburban towns above this city is
worse than at the capital itself. At
Charenton, where the swollen Marne
enters the Seine, an arear of 200
j square miles has been flooded. The
ubmerged district has a population
of 50,000. At this point soldiers and
firemen are doing heroic work rescuing
families in pontoons and boats.
Grave Wanned Open.
At Alfortville the cemetery washed
out, and caskets are floating down
stream. Relief has been organized on
a large scale and appeals for funds
are meeting a most generous response.
Physicians fear an epidemic when the
waters subside as the overflowing
sewers are likely to contaminate the
and rats driven out
homes are invading
the residences Hotel Palais D'Orsay
and surrounding houses have been or
dered evacuated. The pahace of the
Legion of Honor is menaced.
Improvement la Province.
News from the provinces shows a
general improvement in the situation
this afternoon except in the east and
at the affluence of the Seine and the
Beef Investigation May
Go Further Than Na
Judge Landis Takes Entire
Credit for Originating'
PANAMA LIBEL SUIT
BEGUN AT NEW YORK
Jury Selected for Trial that Is Ex
pected to Be Long and Hard
New York, Jan. 25. The trial of
the Panama libel suit brought by the
government against the Press Pub
lishing company, publishers of the
New York World, began, in earnest
here today. Only three peremptory
challenges for each side remained
when court convened.
Twelve Jurors had been declared
free of bias at the end of yesterday's
At the opening of court yesterday
counsel for the defense characterized
the suit as unpreeendented in the his
tory of the United States government.
It was Instigated by Theodore Roose
velt when he was president.
Henry A. Wise, United States dis
trict attorney, was very solicitous as
to the health of each talesman and
both he and Judge Hough said the
trial would probably be a long one.
MUST PAY THE BILL
New York, Jan. 25. The supreme
court today decided Katherine dem
ons Gould will have to pay J3.1C5 for
furs and millinery she purchased from
one firm, although she claimed the
purchase was made before the separa
tion, and that Gould should pay the
DRAWN FROM BANK
. Mexica City, Jan. 25. The run on
the United States Banking company
which began yesterday was resumed
today. At noon it was estimated 1.
000,000 pesos had been withdrawn.
Depositors were paid promptly. It ia
not believed the trouble will spread.
SHIPPERS ARE EXAMINED
Commerce Commission Investigating
Complaint of Millers.
Chicago, Jan. 25. Evidence of al
leged abuses Jn milling transit freight
rates was introduced today in the in
vestigation being made by the Inter
state commerce commissioj. Nearly
200 shippers, millers and representa
tives of railroads were presents The
investigation was started at Washing
ton Jan. 14.
Extra Dividend for Steel Owners.
New York, Jan. 25. Directors of the
United States Steel corporation this
afternoon declared the regular quar
terly dividend on common of 1 per
cent and an extra dividend of per
cent, -making a total of 4 per cent for
1909. VThe regular dividend of 1 on
preferred was also declared.
Chicago, Jan. 25. Other organiza
tions of the so-called "beef trust" than
the National Packing company may be
included in the federal grand Jury in
vestigation according to a report cur
rent in the federal building today.
Farmer Will ilave Chanea.
According to a statement by a gov
ernment official many witnesses from
outside the city will be subpoenaed.
The goTernment will first attempt to
show, it is said, a combination exists
in the stockyards whereby certain men
decide upon the price to be paid for
cattle on the hoof and that farmers
are forced to accept that price. It
is expected several stock raising
farmers will be summoned as wit
nesses. I.andla Par Move fa HI.
Chicago, Jan. 25. In one of the most
remarkable charges ever delivered to
a federal grand Jury Judge Kenesaw
M. Landis yesterday formally started
the probe that is to be made Into the
alleged combination among the big
Chicago packing concerns in restraint
Excoriating the department of Jus
tice at Washington in sizzling language
and referring to certain of Its memben
as "governmental functionaries." Judre
Landis deplored in forceful manner the
forecast published recently in the news
papers concerning the plans of federal
officials once more to place the "beef
trust" under legal fire and seek the
conviction of those believed responsi
ble for the combine that Is said to
Wrong- to Suspect.
Such disclosures on the part of fed-
eral legal officials and the press, be
asserted, not only tended to obstruct
the orderly administration of Justice,
but also Inflicted a wrong upon any in
dividual whose conduct was under
A profound stir was created in the
court room when Judge Landis in
formed the members of the grand Jury
that be reached the determination some
time ago to call the attention of that
body to "alleged circumstances and
conditions'.' connected with the fresh
meat industry. In this connection he
administered what was construed to be
a verbal lashing to United States Dis
trict Attorney Edwin W. Sims by point
ing out that he called the attention of
the latter Jan. 20 last to bis plan of ad
vising the grand Jurors to consider
the subject and that two days there
after there came long dispatches from
Washington Informing the public that
the department of Justice was primed
for a wholesale attack on the "beef
barons" that probably would land some
of them behind the bars.
alnrr of Fart Kept Bark.
What Information relative to ques
tionable methods on the part of the
packers reached Judge Landis the lat
ter did not disclose, although he made
it plain that the reports were of such
character that he deemed it his duty
to call the attention of the Jurors to
the matter in order that they might
give it the attention it required.
LEAD IN ENGLAND
London, Jan. 25.--The standing of
the. parties this afternon as a result
of the election was:
Government coalition, 314.
Opposition (Unionists), 237.
France and Canada each of these coun
tries will fight back with retaliatory
rates against our products.
If the United States engages in a
tariff war, the hardship, as usual, must
fall upon the consumer. The benefit
will accrue to the tariff trusts and com
binations of American manufacturers.
When exchange between two nations
.cases. or even declines, the cons um-1
ers of the countries Involved are placed j
more than ever at the mercy o the j
home manufacturers. The trusts have
a little more perfect monopoly of home
markets than ' they enjoyed before.
The penalty to consumers is Increased
cost of living. When a tariff war is in
(Continued on Page Six.)
Washington, an. 25. Denouncing
as "infamously, maliciously and wan
tonly false" the statements made in
the house yesterday by Representative
Macon of Arkansas, Representative
Bennett of New York, member of the
immigration commission, in the house
today cfefended the commission against
the attacks upon it which resulted In
the denial or the $125,000 appropria
tion for completing the work of the
Fortifications Bill Pass.
Washington, Jan. 25. The fortifica
tions appropriation bill carrying 5.
S17.000 was passed by the senate today.
Work of Day in Congress
Washington, Jan. 25. Following Is a
summary of the proceedings of the two
houses of congress yesterday, taken
from the official records:
SENATE Mr. Tillman in the senate
criticised the Administration frtr falling
to prosecute suits against the Southern
Pacini Railroad company for the recov
ery of public land granted to the mil
road under the condition that It shoul'l
bp sold In tracts of 160 acres at not
more than $2.50 an acre. Adjourned at
HOt'SE The house pasted the urgent
deflclency bill, after cutting ofT th
$12.1.000 Item for the Immigration com
mission. The hill carrier nearly 1.1. too..
00, which 1 tl.onrt.ooo under the treas
ury estimate. The house named Mr.
Graham, the democratic caiicua cl.oli-..
to succeed Mr. Lloyd on the HillintriT
Fincnot committee. Adjourned at 4.40.