The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1906-09-01
TRUSTS FURNISH THE CASH
To Conduct the Republican Con-
sressional Campaign
l%sfStSS COMPANIES NEED ATTENTION
The Deposits by the Government Ma
tionaI Banks on July q were $83-
70O,681, Upon Which They
Pay No Interest.

| when the news was received over
the ticker in Wall street that At
torney- General Moody had decided not
to press for any Jail penalty against
John ID. Rockefeller and other Stand
ard Oil officials, the fact was pointed
TO jOyfully," says New York journal
in its market report, as evidence
that the Roosevelt administration and
the trusts were now in accord and
that occurrences in the near future
will demonstrate clearly that the two
have reached thorough understand
| ing. Wall street regarded the devel-
| OpmentS in connection with the
Standard Oil investigation in Ohio by
the Federal government as q moral
victory for the great trust" 1t seems
impossible to divorce the Republican
leaders from Wall Street influence and
trust associations and the above Wall
street news indicates that the trusts
will supply the Sinews of war and that
the campaign fund of the Republican
party will be repleniShed from that
source. The dollar subscription dodge
Of Chairman Sherman is only a fake
to fool the voters into believeing that
trust influences have Deen baniShed
from the Republican campaign.
There will have to be a Shake-up in
the management Of express companies
under the new law. AS it is now the
officials Of railroads are officials of
express companies and vice versa,
which would indicate a conspiracy in
restraint of trade, especially as there
is no competition between express
companies at joint points. What the
people are bound to have before they
get done legislating about CORPORA
tiOnS is competition, or where cOmpe-
titiOn is not possible such just rates as
the situation demands. If the new
law is found not sufficient to insure
that, the law will be further amended
by congress. Congress hereafter will
be in the hands of the people instead
of being as heretofore a corporation.
The public is very wisely keeping
out of Wall Street." but the Republi-
can campaign fund collectors are
making many pilgrimanges to the
headquarters Of the trusts, the tariff
benefciares and the banking mag
mates. The Life Insurance companies
are barred, this year, as the policy
holders are watching the officials to
prevent the funds being Squandered,
as they were by the subscriptions
made to the Roosevelt campaign fund
in 1904
The deposits in the National Banks,
upon which they pay no interest,
amounted on July 23d to S83, 3,79O,68
and Secretary Shaw has promised the
banks to let them have most OF the
$50, 900, 900 which will be forthcOm-
on the same terms. This is soft
snap for the banks, they subscribe for
the bonds and still keep the money,
but draw the interest which the
bonds call for. It's great financier-
ing for the banks but rather expen-
sive for the taxpayers.
Gas in Nottingham, England, is
so cents per 1000 feet and at WidneS
in Lancashire with a population Of
only about 30, 900 it is 80 cents and
large consumers will pay from % to
26 cents. This is undoubtedly the
cheapest gas in the world, but the
profit on the gas works to the num-
icpality that owns them was $22, ,S87.-
Is. This information is official and
is reported by our Consul f. W.
Mahin to the State Department.
What must most Of our gas cOmpa-
nieS be making that charge from 80
cents to $3.50 per 1000 feet?