The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-10-18

EEnI Bio SPECIAL.
+ New Work. oct Is.-Nlan samuel I'm
I termey"~ counsel I"r ra" first mortgage
4 h"ua..n.H.r~ - uf ths lA-is.t.d Unite. state
/ Snipl uT3ia- COMPANY. charged iu th,
/ United state District court at Tr.aruu.
y. j.. thai 'tho company mad been com
e.iy.G in iu.qg5iy. and hai t-yu cheat
auI q rrufliEaJ- FROM it's birth. THAT it was
! born ln fraud .rI wnulI come tn its end iu
ruin. ami that its history showed mpr,
! crimes I-ainsJ business integrity than can
I ia laid al the I0nv of amy coruprvtiau." D,
merely anticipated evidence which ha.
I been l-ou-ht out during the hearings .hi'
week in the r"c"ivcrship case.
No such scandal has ever been account
eel. and JEe names Of those involved has
caused "a feeling Of tistrust in financial
! circles which j. not confined tD tho United
states.
Among investors in American SECURITIES
abroad. particularly those who nave b''h
tempted to invest in American industriaiS
I because OF the muCh-vaunted prosperity In
49,, r--f..5 S..,as coDa1pr1~e &c shattered
" " -, .
| Nhat the ultimate result VIII be remains
20 be seen.
FDREIGNERS GUESSING
.--, - -. d. -. 49,. a. 80, ,,,a a
The fact was brought out that So'c-''V' %
the bonds Of the ShipbuildinE company
,,--, ., D., ,rrBar-vrrfttar, in France and
-, -. e 49,, -, -. o., >.
f-Ibiallu' "!Aie oiAS S''S'1''SS WV ." -
taken in this country
Foreigners now are wondering II the
- --,,-.,.-,ft,lJ,r.7 ;,,,7,,sr-;,J .,,rnora-
0'l.si 90, -, 80 ,-,,,,,r,. g.,
-. -. -. =, r,,rt ~, an,,
-o- &c .,.G'I s,-,--5,.i, g., ,r,.,, m
- .,,,t.s,,,;r,1i,,- ,,,,,,,,,,T,.
~"'--
-, = 1,r..-ss,. ,,-,s55srr ~, the
-. -. ., ,b. T2srt,blI. which
A'Ua| -,
concern was forced TO the wall NlloSSIi
irving TO underwrits the shipbUiliinE con-
- -, ,,,,,g-,,- ,l,.. s,l,fr,I,r,iI5irs, ,.on1-
SeIlE WIN "AS|A-Is 'l'' -.
pany 10y withholding IRON Il lh' ea'''''79
NJ the Bethlehem Steel Company. which
=. -, -, ,..,,.r,
hAH beSoil'S a l'a't - N4'- N''N
As = matter OF faCt, however il' ''''i'-
Irhsrn ClrnuanV. for which SchWBh re-
F7 - -, ..,.. -, ,y-,-. mi 1,,-s- vrr,-a-
ctlNe4 A3HNStr''1 III SAoN ~ 'A--1 ~'--'-4r i
really Was a part OF the ShipuAliGlIlS
-,rrusr,y True- Srhwab received Sl0DlH.-
i.s- ~, TTrr.ls and SltuugB each IN common
ana ur..f.rre! stock FOR the Bethlehem
. ,-argr9r1y. TOR which ne admitted lee paid
E ari .ri. T,ur h. aIv.ays retained control
- 49,. T.r,5rTsrrZ- IN IayirLr h,S friends IN
r,a -Iir...tgIstts- and th,.s,. men ntyysI his
1rg3ars ir,7nlIcItly
", MEM T.ifb this however. Sghgyab
insisted On Rft.hE a ,I5 IN
3'7,,-,, . e., 81 a., E,i4DJzst S.snnf mort
-. IN ~. other sayrn.rnLdlts which
80, ,I-, ~. United Sraf4S- Snif,huillinC
s.r-I-.5
,,,-,. .,-rr,-- ,,..>-t.-,-
SPEND THE MoNEh.
TIE Bethlehem Company Wa~ the only
-,,,,,.,.-,,..L.r srDoDt. IN. several com
,-. -7-,. y,-..r
pdLiss comprising IN" concern IN" S''.'
q #FaFf. IN
al 1-,.-.. t.rrt ,,-b.r, fl. tim. came
=, -. ;. g. ror,rs
I 10y Antll4l.N ~ 81 ~, 49, - 1i,..,r,.r, ~
','ilN NsuI'Ill 'Ll .i'S t- t-4 - .-,,,,.s r.,
IN" Bet isfeh"ln 10 tNl'''4u lS- = -.
lu-is'N gin' NJ: Win tIs . ,'.,-,t M, ~
- -, ,g,- .r-. ~ nothing
: with Wil,h 20 pass - ,.tn,s,s,,
In m IeslliH'u1 -'i.i -, :, ,T,'
mat l-.. ''il IL - - .lrsri,.-t T.lr-
iANs' v 81 = ~ ~ 80 ~, r-,-y,5 SrHt,5
Us u ,lil,'.,. =, .S ~, - Tl,l- me
81 la.'i.1 Inch z,.r11f ~
- - -,--,.,-i..- TDi-ybt form
r,--,f fi,,r r6 l.. known as the
Tsttr-,.b.r7 steel and Sbinhuil1ins Com
., - ,,,,,;,,..t., rirT-.lf 9T-E Others
80 lr..,i l,.nfTiGtTf.I tn fh,. old company.
~. -.,ls., .sIil rfgr il was Tlunned hy the
r..rrsufzl:Iur C,mmitte. 70 place the
s-1,.i-.s M fh. T-rGts7 States tSEfpbulluEfE
,-orparsy I'M a voting trust -for- seven
wears and that the trustees tE>rc al Tntll
dominated h- Charles NJ. SChvssl y ssiTlu J.
Pierpont Morgan
Another point brought out y. ME. Dr.
s-E was ta-S "i,!t' s n lg ,TJ. - ~ ise slif,-
buiIdinr company. the reor-aHizGtI1n
committee here. taking aay;tnlas seSoet M NJ
absence. W. al u. WI Ii,i.,, n
4'' '''I ELE,S MORSE FEATURES4'
Nor are thcs.' features the worst
brought out at the examination u hts
been established that the mrnip'r'il'E4
Of the Iuit'1 states Sh hihui-'.li.- .i N.-t.l
pany we're Kenneth X. Mri.ar'5 2. VINO ~ w.
also one Of those who oDtatAt-l n 1lal ne y, -,
TO- the n-laflous fIstL!Ni.lt = l..'tl -, -
80 per cent sgt-rlch-qglck lSIils' ~.
Is. Wool ana Horace - 'Tpui,l- ~ "a. -,
ara Young men anu are eInpl"Eel W -
Corporation Trust company "a
Jersey.
two OF whom have testified 10 lhe la,
that they received one snare N4 SN'SN
s=trh L. qualify as directors -
Thag4. Two are Louis 4. IaliN anu r n
Seward Each had the share "i STOCK lA
hi. l,ns-.Ssiuu only long enough q" lNloT~e
IA. I'm blank and retain it To- the Trust
s'.u,uauv Of the Republic
'rh, testimony 0T Nlr. Daily IEl AZ
S,.-4r1 Was ts the eject that the rntir"
r,r,..s..ifi7sS of the initial shiphu.lGinG III
r,ctorate w-ra controlled by representa-
f5y.s .,T Alexander * Gre o.. counsel tn
rT.r fnrur9rly and that the minutes "I
~ Ts,-,,.i ~ Director. v-..r.. rrgl,a-,7l fsr
Them. That an they had tn 80 was the
.Ir1rrTr,,y- s,,t -rra.r .,rf accent the rrs-
grarume a.s laid out for them.
BOYS VOTE MILLIONS.
These boys. all of whom w.rs employed
b. the Corporation Trust Company of
New Jersey. admitted that they voted 10
Increase the stock Of the shiThuildinS
#HHn