Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1900-01-11

! may Oc ilddC VII lHt III oudN - " -
islands brought to this country.
| The ways and means committee OF
/ the House, today. held "a meeting a
which the following resolution was
adopted upon the motion of Mr.. New
lands of Nevada: Resolved, that
committee of five be appointed by the
chair to report the authorities and tho
law as the meaning of the term United
States in that provision which de-
clares that all duties, imports and eX'
cises shall be uniform throughout tht
United States viz: Whether it in
cludes simply the area actually includ-
ed within the boundaries of states on
whether it covers also the territory
belonging to the United States
Chairman Payne appointed Dalzell
Penna.; Grosvenor. Ohio, and Hopkins
ILL.,. Rep. and Richardson, Dem, and
Newlands, Silver.
Private reports reach the diplomatic
circles here from Paris Indicate that
the reciprocity treaty between the
United States and France is in "A haz-
ardous position with more than prob
ability Of a defeat when it comes To
the final vote in the French Chambers.
he Itlt Il i''t' w.
grave concern for the fate of the treaty
in the United States Senate and thus
the convention is in the singular posi-
ton of being exposed to rejection by
each party on the ground that 1t is
favorable to the other.
The industrial commission, today, re
ceived from John d. Rockefeller. presi-
dent of the Standard oil Co, replies 70
questions sent him by the commission.
They comprised statesmcnts of rebates
from railroads by the company prior to
1890 No profits came from such rebates.
as whatever advantage was received in
this way was deducted from the price of
oil The company never received any IN
come from any railroad for OIL shipped
over its line. The enterprise has been
successful because of the cheapness OF It's
commodity. Combinations, he says. are
absolutely necessary to carry on a large
business. He recommends federal legis-
lation under which corporations may be
created and regulated, and il II is not
possible. to have uniform state legislation
encouraging commissions and permitting
state supervision which will not hamper
but be sufficient to prevent frauds.
Mr. Rockefeller says that the Stand
ard Oil Co. WAS changed hrst from a
partnership into a corporation with ST.
900 900 capital. and later it was still more
heavily capitalized. Regarding the re-
ceipt of rebates. he says that prior to lSSo
each shipper made the best bargain ne
could" but whether he was doing better
than his competitor was only Il matter OF
conjecture" The success of the Standard
Oil Co. he ascribed to its consistent
policy through the employment OF the
best superintendent and workmen, the
best methods and the sacrifice of old ma
chinery and plants fox better ones. 60
cheaper its product. and To It's sparing
no expense to force its products into the
markets of the world. On the general
subject of industrial combinations ne
said: 1T is too late TO argue about ad-
vantageS of industrial combinations
They are a necessity" Mr.. Rockefeller
then gives what he STYLES a picture Of
the successive steps in the development
of the standard oil Co. and its business
in illustration Of the points he has made
aS to the necessity for industrial combi-
nations
The President has sent the following
nominations t. the Senate: NavY-Io he
rear admirals. Henry 4. Howison. Albert
kautz. George 4. Remey, Norman W..
Thr REPRESENTATIVES OF the shipping and
SNiuhuiliing interests We're given Il hear
iuc tnday<,y the House committee On
merchant marine and fisheries. on thu
measure generally known as the shipping
bilI ana entitled "a bill to promote tA-
uI the Initcd States. and t prOVid" iuN-
ililrN cruisers. transports ana ~'amth Hr
government use when necessary IN-
senator EdmuUdS. who appeared IN b'-
..-..5,,,i.,t IL, L ,,-,,r ,f rim, tu...t+-
IIrt. Mr.. F.dmuuiS SIid that "nr pf tine
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Hill, ntL w ,t,s.ih1. ral.r J. ,in.,1 agree
,,,..nt me i,cts which had been d-vcl-
nn4d hv thu. testimony Wrrc gone uNrv
ANA N pretty general understanding
reached as tu the fact~ involved. TN"
committee, WAS in executive session tin T.
u NJ hut failrd In reach a final cuucU-
l' &C. i - ,,I !, /, n t,,n,.,
SION iuu aulp"I Ii'' "'.'n -
row. Tor the PuIPoS' ~ 'I''' 'il''' w ''N
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m 'hg Terms =. I'i't T''", '.'' MI
,rodHced IN me 7''ldle' t,'''H H NJ
uIn.t w dI'',. -, az ~ T,,'y N.,I
Is authoIihtu 70 'irl' u III, III,
my ~ AhhapoIS iil2!Iuii,."l ,' I'LL
memory OF Lieut. Phlllp iInN'liI. .
Ensign John X MondGhah anu ~" u, "
who lost their LlNes III Dali Ill Wl!I tnn
oanoa.LS ~ :4,th; no3 tt ,,,,,,,,,,,t ,i
sG rnnrressman Fitzgerald Of Mlssachu-
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