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The times dispatch. [volume] (Richmond, Va.) 1903-1914, August 03, 1912, Image 7

Image and text provided by Library of Virginia; Richmond, VA

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85038615/1912-08-03/ed-1/seq-7/

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Westerner Believes He Will Be
World's Middleweight Cham?
pion After Monday.
Billy Collins, who will wrestle Joe. I
Tu'ner tor the middleweight chnthplon
*hij, Di the world Mohddy night at
Broad Streut Park, la in Itlchrrioud and
read) for the bout, lie In by rib rncuris:
u boastful Individual, though In- Id
bi? und Ktroitg and looks well able :o j
give (i good tiee'ount of himself. Tin
bout will be tu a finish, beat two out :
or three falls, Turuei now holda the;
ritlddletyvlght championship tj? ? It an I
t'blllhaijs aftei the title, Collins claims
tili middleweight championship bf *th-i
Middle u i >l In his native Clime ho;
i known um ihjo Western Cyclone That
In im? th?j utmost confidence In his
eblllty to beat Turner Iii proved by
his willingness to wager a few shekels'
"n the result
Turner in nt present In New York'
Btate meeting several appointments
und will hol gl t tiMf until to-morrow
nigh'. He hah no training to do, as he
in prime condition light now. inj
it- iic an account of himself Collina
1 ? dei ha'rdt. P< tu :?- igl *
und Herl Hudson, the German Wildcat, j
Jfce Ii Ht?i training, using the ball
park as hi* grounds. II" 's s?HI four
? ft. 7 f;
W-lght. IC$'
Neck it
Ohcst normal. t'
Cheat ex| anded. 15 1-2
Bleeps. 15 1-2
1-2 - Lower arm. 14
Waist. ?:
Thigh 2S 1-2
1 - 2 Cal f. 1?
.ml Hooker, wlio iris
? ierable, and ? i
v itlg ti e country. U
tnglnecr of the Pear^
Hallway Company, is
with a large group of
.-. til tt?ed for Colum
? pack an:
: t.K Ante
Indians <>u w nrpatli.
Indians In iHe fetate Oaxaca
lvi renewed their revolt against the
overnment. it la reported to-day that
large i oily ol tip- warriors la wardi?
ng on Ixtlan, forty miles from the
lute capital. An imbroglio over dis?
ruption er land ir: ut the bottom of
;-\.:...l weeks ngo the Indians re
o,-.. l nifti : itri argument over f .- land
luestlon, but under promise of arri
? . -
Washington, August 2.?Col Sieever,
acting commander ot the Department
of Texas, has reported to the War De?
partment that 1,600 Mormon refugees
in now In Kl Paso. He said 600 cruas
?., th. line yesterday and that approx?
imately 6,00 more a:, expected; There
nr.- (lye children t,> every woman who
h. i> crossed the line, he continues.
Colonel M. ? ver reports that a num
b-r of the refugees are going to rela?
tives in New Mexico, and that the Mor?
mon Church Is making efforts to get
them away from 1-1 PaJo as noon us
possible. He does not know how long
the army will have m look after them.
Amcrl .m Conaul ICdwardS, at Juarez,
reports that nearly all the American
women and children from Casaa
i. i rand es district are now safe on
American soil, and that for the last
three days there has been1 no serious
complaint from Casds Grandes. He fur?
ther reports that credence ig given to
rumors that have reached Juarez of u
battle said i.. have taken place north
oi Casus Grandes, in which the Fed
? rals w ere reported victorious. Ktisen
udu continues iy.i!ei. und In Monterey
and the surrounding country condi?
tions are unchanged. Telegraphic and
railway communication Is again open
with Chihuahua, via Monterey.
QnallMratloas In ( bunrery.
Mary A. Allen qualified yfilerday n the
Chancery Conn a* executrix of the will of
Ttiomas A. Alirn. Th* etante Is valued nt
J 14.000.
Kvun It. f'hf.stermnn nuniifled ns e\o-u
tnr of the will of I,o|cn? S. Robins. The
?Mate I* valurd at 111.100
' Hardman
Tone Improves
"My delight in yotir instrument
i-. even greater thati when I first
started using it !.-i-t December, and
the tone scents actually to have
improved. It unalloyed pica ir<
to sing with the Hardman. It
tone is un inspiration for my voice."
Catalog free.
Moses & Co.
103 E. Broad St.
Oldest Music House In Virginia
ind North Carolina.
uumi fJBi*?taamsu^.u^zzrcie-.-rri-y >.
Goobers in Fine Form and Take
Easy Game From ,
[Special to Thr Tlmes-Dlspatch J
Petersburg, Aug 2.?The Goobers
played like pennant winner* this afttr
noon and won easily from the Tigers.
Green and Morganrath were both
tine form, the same number of hits
being made off each.
In the fourth Inning ths Goobers
played "ring around tne roses", with
reen, and worked the sqeeze p.ay suc?
cessfully for two runs.
Harnett started with a single, golm;
to second c.:i HoWedell's single and
scoring on Morganrath'* two- utter
Simmons went put on a grounder to
first and Mowcdcll scored on Morrison i
bunt. Morrison being safe on first.
Husch bunted down the tlrtt base lln.
and Mortranralh scored. Tho visitors
>red their only run on Blackstoue's
muff of Pressly's iiy and HotlaNd's
Ingle. The Holding of Busch was Biih
satlorial and wu the best seen In
Petersburg ??his season.
Morrison. 2b:. 2 0 l l
Blackstonc. If. 3 0 0 6
Laughllu, c. 3 0 o c
Ali it. It. O. A
. :
efly. 3b. 4
land. If. <
i-ton. ss. "
. '?
?din. rf. 3
...... a
en n. S
.a: l c :t :a
?'tit score by Inning?: K
moke . 00010000 0?1
orsburg . o o a o o o fi 0 x?a
ummary?Two base hits?Morgan
a. Anthony. Green. Three ba?e
a?Slthmona. Double plays?Busch,
rrlson; Harnett. Base oh bails?
men. 1. Left on bases?Roanoke, 6;
ersburg, 1. Struck out?Green. 2
ne of game 141. Umpire?Cowan.
\t tvinston-saiem: VVtnston-tfalem.
Greensboro. 0
u oreehvllle; Greenville, l, Spartan
rg i i thirteen lr.ntnus j.
Kt" Charlotte: Charlotte, Ander
?.in?? Club Organised.
[S pi clal 1" The Tlm*srDlspatchi]
Bedford City. August a ?At a meet?
ing.oi citizens held In the courthouse,
a club was forme.', to furtehr the in?
terests of HOn. Garter (Bass for the
primary to be held August S to nomi?
nate a candidate for Congress In the
Sixth District. ??
An Organization was effected b>
electing s. M. Boiling, president;.'John
M Rare) vlce-pre<n>nt; T. W, Hlch
inr'dson secretary. A large number of
'members have since bean enrolled, and
much enthusiasm has been manifested.
Jorsev rtty at Horhester: ratn
Providence nt Buffalo; ratn.
Baltimore at Toronto: rain.
? .Montreal nnd Newark: not schednl.d.
(<? intlnuod From First t'age.)
It' no proceeding on tin.- jju.it of the
United Stntcs government were now
pending against said corporation, but
not for tho purpose of determining the
questions Involved In the a lion
hi ought by tho government."
The government's suit is to discover
if the United States Steel Corporation
is "In violation of the Sherman anti?
trust law."
In summing up Its conclusions the
majority report says:
"The control of cur;.orations by thu
Federal government us recommended
by Mr. Carnegie, Judge Gary and oth?
er*, is not approved. Whatever may
i l ihe evil ro ults of the elimination
mpetltlon from the steel business,
It does not Justify such u remedy and
cculd not be cured by it. Suc.n a con?
trol, scml-soclallstlc In tt.-t nature, Is
beyond tho power vested by the Con
i --tltution In the, federal CongresB.
"The abuses mentioned in this report
can in a great measure be remedied
bj giving to the operations o: tue
United Siatei Steel Corporation arid
otner ilka corporations thu widest pub?
licity, and by thu strict entorcomont
uf law's speclllcally Inhibiting the em?
ployment of cunn?ig devices by which
: at unfair advantage over competitors
j i" secured. The Bureau of Corpbra
tii.rn possi s< .. the authority to
tho uglily In VcHtlgati ilii internal af
lulrS of industrial concerns doing an
Interstate business, Had the character
of the .Steel Corporation and the nature
and extent of Its operations been
known to the people ami to the Presi?
dent of the United States at tho time
of tho absorption of the Tennessee
Coal and Iron Company, ft la highly !m
pi !, tble that the chief executive would
j In twenty minutes have given his con?
sent to a merger fraught with Infinite
injury to the steel Industry and to the
public alike.
Should Require IleportB.
"The Commissioner of Corporations
should te required to report to Con?
gress as well as to th<j President of
the Unite-i Stales, at such times and
Upon such conditions as It may pre
j scribe, and the law creating this bur?
eau should be so amended a:? to make
such reports mandatory upon the Com?
missioner of Corporations.
I "Thu enormous earnings of the Stect
Corporation are due not to a degree
i of integration of efficiency not possi
j e,i by Its competitors, but to the owner
['Ship of oro reserves out of all prop.n
tlon to It* output or requirements and
to the control and operation of common
i rrrlerS, division- o'. rat- a and the
liberal allowances obtained from other
concerns through inequitable and In?
ordinate terminal allow..net. The
business of production and transporta?
tion should be absolutely separate and
distinct, and no industrial concern
! should be permitted to own or operate
j un Interstate carrier.
"The Attorney-Gi ncral of tho United
! States and his subordinates should not
i be permitted to exercise an absolute
discretion as to the In.tltution or pro
ceedlngs under the act of July 1, IS'-"1.
. known as the Sherman antitrust ..ct.
i or other acts prohibiting combinations
In restraint of trade. The parties 111
j Jurlously affected ?>y such romblna
I tlons should have access to the courts
j and the benent of adequate and suf
' ficient remedies for wrongs Indicted by
such combinations."
f The legislation recommended by the
I majority consists of tnree bills. One
of them, commonly known as the Bran
I dels bill. Is designed to give an in?
jured party the right to institute suit
to prevent the organization of a c- rn
binatlon in restraint of trade. This
bin also transfers the burden of proor
to the defendant corporation lb show
that It Is a combination within "rea?
sonable restraint of trade.-' The bill
recommended by the committee has
long been pending before Congress,,
having been Introduced by Senator La
Follette and Representative Lenroot.
Another bill would provide that "no
person who is engaged as un ndl
vldual or as a member of a partner?
ship, er BS a director or other of?
ficer, or nn employe of a corporation,
!n the business, In whole or In pin.
of manufacturing or selling ral'roivd
cars or locomotives or railroad rails
or structural steel, or mining end
selling coal, shall act as a director or
other officer or employe of any -r.ll
r-idd company which conducts un in?
ters t?te commerce business."
Against liirerbrenklnn Director.
The third bill Is Intended to hit at
the system of Interlocking director?
ates ft'nd would separate industrial
from railroad business.
The steel trust Investigating c m
I :ui!tee was authorized to begin It"
Werk on May 4. 1911. Since that due
I? has heard many witnesses an4 made
many trips of Inspect or, and Investi?
gation. Among th.> witnesses oe-irJ
have been most ci the great Ameri?
can financiers of :ht present age, w -n
the exception of J Plerp?nt Morgan.
Andrew Carnegie. E. II, Gary, George
V,\ Perkins. James J. Hill, the- l '.
I John W. Gates and others prominent
Coat and Trousers Made to Measure
The Biggest Tailoring Event of the Season
Every Yard of Our Big Summer Stock to Be Sold
You ran afford tho finest kind of a Tailor-Made Suit now. Wc guarantee to fit you and make
every effort to please you, just as if you paid the full price. They have ail been waiting for this sale.
Now it's here, come early. The first who come get first choice.
Tailors and
714 East
Main St.
I In the railway and steel world w< re '
r.er.rd ut length- Tho committee took
thousands of I'UK'-s of testimony and
spent many thousands of dollars. I
1 touting progress of the hearings '
ja ?ili'erenco of opinion between I ho .
; chairman. A. O. Stanley, of Kentucky,
und Representative Gardner, of Mas*
s?chusetts, caused near list ftghl,
und at one stage of the proceedings
(Jcorgo W, Perkins, of New York, was
threatened with a Jail sentence for
declining to answer a question as to
Ms contributions t'. ti.? Republican ,
campaign In 1008. J.ator tho chairman
of tho commltte, Mr. Stanley, with- j
drew the question.
The elfort of the committee to tnaa-I
tor tho moves of the financiers who'
conceived '""1 organised the steel cor- i
poratlon resulted !:. a maze of tig- j
ures, which Bhowe.l enormous profits |
to those who were Interested. In j
speaking of watered stocks, the ina- I
Jorlty comment Is:
"In some InstHnCctl Mocks were not |
?watered' In the ordinary acceptance '.
ot that term; they ivero literally de-'
l-.ged. The cost of constructing or (
reproducing the several plants con?
stituting the, combine was Inconse?
quential as compared with the value |
of this new device for enjoying with |
Immunity an old and hitherto forbid- !
den privilege?an absolute monopoly In
a valuable and ..? essary article of
cc mmerce."
Demoralised nod Disheartened.
**:om Julian Ki i ncdy, an engineer,
'the eommltteo traced the development
? t ithe National Company, a j
subsidiary of Unlit ?! States .Steel, by |
.1 Plerpi nl Morgan. He told the com?
mittee that he Investigated tho condi
i' n of the tub. tradi an.: found that \
the "actual val?i . r these Plants .Jld
hot e.v.oed 11 ?>.<>??? ?? .... and that tho j
owners were demoralized rnd ?Jls- I
heartened." The committee comments!
on this situation as follows:
"Undismayed by this dismal prospect,1
J. P. Morgan & Co., with an amazing;
audnclty, Jaunchej this new $19.000.000
monopoly on Its course with a total'
Utilization of $80.000.000, and ro-1
'-? Ived as compensation securities of
this concern aggregating $20,000.000."
The tinry Dinners.
Representative Ueall, of Texas, ma"e
ia study of the Gary dinners- Iniluences'
on the steel trade. He wroto that por-i
tlon of the repott Which deals with
?!:< in. His con:!...:: :. thmn lollows; ;
?'Accepting the dinner of January.
1911. a fairly t. ; : al of the rest and
the ttiinga said und done- there as fair?
ly representative of the things said'
and done at the others, wo think
(the conclusion Is irresistible that
the Gary dinners were Instituted
'as a means of conveying to the entire!
I steel and Iron indu trj information a
lo what the attlt id. of thi United.
States Steel Corporation was upon the I
questions of output and prices and of .
Impressing upon all engaged In the In?
dustry that It was. the part of wisdom
and prudence to govern themselves ac
"W* further believe that by this1
means prices wore, maintained, outputl
?restricted, territory divided, cotnpe- I
tition stifled. ar.d trade restrained,
' just aa certainly. Just as effectively and
i Just as unlawfully as had been done
under tho discarded pooling agreements
of former years."
Representative McGlllIcuddy, uh\>
studied the labor condition in the steel
mills, found that ilu corporation was
opposed to organized labor and pre?
ll md foreign labor.
HI "The result." he say.", "Is that about
50 per cent, of the unskilled laborers
in tho steel and Iron business aro
forelcners of these classes. With tne
I benellt of a skilled American foreman.
! such a crew can work out result.-, in
unskilled labor production. The pro
tits of this system of labor employment
. go to tho Steel Corp .ration, while the
displaced American workman shifted
WM, as best he could."
in discussing the ownership of rail?
roads and steamship lines by the- Steel
I Corporation the report says:
"There Is no question that public
Interest requires a segregation of rail?
roads and the Steel Corporation. The.
control of such public agencies by an
industrial corporation carries with it.
in ud.litlon to the advantages which
this record discloses, possibilities of
even greater abuses."
Pnnlc w no Artificial.
The part that United States Steel,'
t!,. absorption of the Tennessee Coal
nnd Iron Railroad Company, President
Roosevelt and Wall Street financiers
played In the panic of 1307 are cover?
ed In the report, and the Insinuation Is
made that the panic was an artificial
one designed for the benefit of the
Steel Corporation.
In Its comment the committee says:
' "How a pan:-, which had persistently
I resisted the combined efforts of the
I Federal government and John D.
Rockefeller and J. P. Morgan & Co.,
and remained In unabated fury after
Morgan and F.'ockcfeller had turned
loose 860,000.000 and the Federal
J Treasury $25,000,000 more should sun
j tienly he stilled by this manipulation
of Grant B. Schh y's loans, has not been
explained either by Mr. Rosovelt or by
any other witness. Yet It I- urgently
i maintained that the panic continued
prior to this magical scoop of securl
i tics, and that the Instant the Steel
' Corporation a. iulred the Tennessee
? . a! A- Iron Company's stock, it sub?
side,! instantly and permanently."
! Tho committee reports thai on Octob
' er 26. 1907. President Roosevelt Issued
) a statement congratulating Secretary
I Cortelyou and the business men who
'headed off the panic. The committee j
says of this:
"Up until the tlmo of this Interview
the Steel Corporation owed its success
and Its permanency to the power and
j the skill of the financiers who had
created und the iron masters who had
directed it" operations. Since that
time Its dominance has been due in noi
small measure to the sudden, lll-coh
?Idered, ar.d arbitrary flat of the chief
"The President's refusal to Interfear
was an absolute warrant to proceed. A
suggestion from him to tho Attorney.*
Gchoraj was equivalent to a command;
nnd upon a refusal of the Attorney*
Genoral to act, the corporation was
Immune. This is admitted by colonel
Roosevelt, ami he unhesitatingly as?
sumes full responsibility in tho mat?
The report occupies more than 200
pages and much of It is criticism of tho
methods of the trusts. Andrew Car?
negie's steel-malting methods and his
ill s.re to extend his business at e held
out as the motives which compelled J.
Plerpont Morgan and his associates t"
oi ganlzo the t leol trust.
Sterling's Report.
Reprcscntatvo sterling, of nilno's.
j o Republican member of the Houso
Committee of 'inquiry Int othn Un'tod
i Stales Steel Corporation disagreed
! with bin collcrgues on tho committee
nnd submit'..:*, the following to tho
??! hearily favor governmental rcg'J1
I lation >f corporations engaged In In?
terstate commerce. The first step In
this direction Is legislation providing
for fed. nil Im orporatlori. Such legis*
' lalion should llm't the capitalization
Ito tho actual value of the corporate
property, and thus oltni'nalo from th*
commerce of the country that about!*
Ed^ar Jep^on^0
An Exciting Story
A New Kind of Romance
With Thrilling Adventures,
Strong Love Interest and
An Exciting Climax
This story has all the qualities that make reading the
most enjoyable form of entertai iment. Excellent pic?
tures will illustrate the text.
The Illustrated Sunday Magazine
1 OF
Sunday's The Times-Dispatch
"The Best There Is in Sunday Reading."
nable fiction of values commonly
termed watered stock."
'Tiic. extent to which fictitious values
have been created by over capitaliza?
tion of corporate property has shaken
public confidence in corporate securi?
ties and made the public mind dis?
trustful of large business enterprises.
'?.Such lebsilallon should provide for
A system of reports to n commission
or other government agency, giving
full publicity to the manner and pur?
poses oi the organisation, its methods
"f doing business and Its proilts. It
should provide for rigid Bupetfsrislon of
ill) Issues of securities and prohibit one
corporation from holding stock in
another, and limit the extent to which
The Collen-,, of Arms of Canada, by |
Edict of King I.ouls XIV., confirmed I
by Royai Commission In Appeal of
Malta, 1>',7. Is prepared to grant a
charter under Royal Seal for the re?
organization of the Order of the Qolden
liorscshc.f Virginia that was found
id by the Royal Governor of Virginia.
.<ir Alexander Spottswood. 1710-1715.:
\ny one Interested and desiring forth- i
er Information can obtain the samel
by addressing the College of Anns of
Canada Room Library, McGIII ITnlver
slty, Montreal. Canada. Genealogies
traced and guaranteed certificates
Catch a Car for
Forest Hill Park
The rldo Is equal to an ocean breeze
?tho park 19 cool and Inviting?the
amusements are varied and excellent?
and you can
Hear the Free Concerts
by Chicago Ladies'
Symphony Orchestra
The concerts are given twice dally,
afternoon and night, and tho program
Is changed dally.
The selections are varied?there is
a favorite for all.
Catcha Car for
Forest Hill Park
two or more corporations may have
common directorates.
"I do not concur In the views of
the minority that the true remedy tor
Industrial ovlls does not lie In the dis?
solution of the Industrial trusts. r
am of the opinion that the dissolution
of the ?real Industrial combinations
Into their Integral parts would do
much to rcsloro trade to a natural
and healthy condition, and Inspire con?
fidence of the people In the business
situation and icvivo o iui.no/cal pros?
"The proposition that the govern?
ment shall recognize and permit to
exist trusts, monopolies and combi?
nations In restraint of trade, and then ?
regulate them by legislative control,
Is one calculated to suppress individ?
ual enterprise and destroy competition.
It Is conceded that such a policy would i
result necessarily In tho lix'ng of
prices of thu products of such com?
bination by law. It government fixes
the price of tho finished product, must
it not nlso tlx the price of the raw
material und of the labor that c>.;- |
verts It?
"It Is urged that large industrial]
combinations can producn more cheap?
ly than small ones. This Is a funda?
mental fallacy, from which proceeds tho!
paternalistic doctrlno that government ]
shall recognize and permit monopo?
listic, combinations, and tlx the pr'ce of j
their product.
"The Federal government by proper I
legislation, can resolve great combl- |
nations Into their Integral parts, and |
then by wise and Just regulation
corporate powers maintain a natural
atid healthy condition of trade. It Is
plainly Its duly to do so.
The Tlmcs-m.-pnlch team won two
out of three games from the Howitzers'
team In the PillaCd Summer Duckpln
League last night. Dnwson was the
star bowler, while Haw, the newly
signed soldier boy, rolled well. Score:
Players. I 2. 3. Totals.
Dawson . Si. Si 118 283
Oliver . 78 TS D6 :.??">:.?
Murphy . Sti SS 79 'J.V:
Wooir'dge .102 7'.' S? 267
ttawson . si S7 204
Total; 432 416 173 1,321
Plavers. I. 2. ?.. Totnls.
McCarty . Tl S6 02 262
Felvev . ST, S3 02 286
cm . t;:. si mi jj.i
Haw . !"". s? 102 2S3
Sony . 02 85 HO 1!67
Totals .412 420 456 1,307
-1 .< na 11, - of Teams.
Teams. P. W. I. r.c
Richmond Lunch ..9 R -. ?i ;
MOWS Leader . 6 4 _'
Howitzers . S ? 4 .!
Times-Dispatch ... 9 4 B .4
Journals . 9 3 f. .:;
Virginians . 6 2 4
At Jacksonville: Jackson\ lllo. 4: Co
luinhus, i.
At Columbia: Columbia, 3, Albany, 1
(flrst Grame); Columbia. 3; Albany. 0
(second name).
At Macon; Mncon, 3: Savannah, 5.
Phone Your Order
Cold Luncheon
During the warm weather Kran
clone's Hotel will give particular
attention to phono orders for cold
luncheon s.
Appetizing cold lunches delivered
to stores and offices without extra
chare.'. Salads, cold meats, sand?
wich.-s, etc.
Dally from u A. M. to 2 V. M? I5c.
Francione's Hotel
Restaurant and mfe,
111 Last Broad Str.-et. between
First nttd Second.
Take the Popular
SundaJ Outings
The Dustleaa Double Trnek 1.lue,
patronized by Richmond people. No
stops to get a crowd.
\ nit,iMA 111:11 11.
:i Trains livery Sunday,
StSO \. M*f !' M. ""d IS -\oiin,
giving ten hours at (be seaside, tnroo
hours longer at Ocean View than via
j any other route.
Tickets sou; for ail trams Friday and
Saturday good until Monday,
old Point, J3.00 round trip.
Norf.dk. {SO" round trip.
Virginia Beach, |3..':; round trip.
-i!i" buyer who knows tb? different
automobiles will own a
Alien Avsnue and 3road Straet,

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