Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-01-08
CARNEGIE SURPRISE
His Gift of $75O,OOO to the
American Republics En-
tirely Unlocked For
WILL AID TRADE CONDITIONS
Placing ef Bureau on Substantial Basis
Will Result in Closer Relations With
South America-corteIyou After the
New York Cotton Exchange Gamb-
Iers.

Washington, Jan. S.-One Of the mos
unexpected things that ever happenee
in Washington was the Christmas gift
or possibly New Years gift of three
quarters of a million dollars from An.
drew Carnegie for permanent home
for the bureau Of American republics
Mr.. Carnegie was a member OF the
original Pan-American congress. He
has always taken a great deal of in
terest in its work, and has been grea'
advocate of pan-American railway
which promises to become a reality al
most, IL not quite as soon as the Pan
anna canal. The bureau Of American
republics has had its home in Washing
ton ever since 1890. In all that time
1t has occupied rented quarters and
several years ago a plan was formed
to buy it a permanent home. After
some negotiations 100000 was appro-
tional was contributed by the various
republics in proportion to their popu-
lation. This was enough for starter
but still would hardly have bought and
built the sort of a home which the bu-
reau ought to have in view of it's in
ternational Importance. The matter
was talked over between the president
Mr.. Carnegie and Secretary Root, and
Mr.. Carnegie promptly came to the
front with $750,000 which he told the
president in a letter he was only too
glad to be able to contribute to the
needs Of the bureau.
The location of the new house has
not yet been decided on, but with a
large sum Of money in hand it will be
possible to buy any sort of u site that
the bureau desires and put up q build
ing which will be satisfactory in every
respect. There will be large force
Of clerks to be housed and besides the
various administrative departments,
the bureau will have room for Its spec
ial library which already contains H.
600 volumes, and there will be reading
and writing rooms, where all the prin-
cipal South American periodicals and
newspapers will be kept on file. The
enlarged bureau will be able to do a
great deal toward expanding the trade
between the United States and South
America. This matter is considered
of first Importance by the United
States and the bureau Of manufactures
in the department of commerce and
labor is doing everything in its power
to foster this trade.
Charges have been filed with POST
master General Cortelyou against the
New York Cotton Exchange by Harvie
Jordan and other members Of the Cot
ton Growers Association, who claim
that the New York exchange has de-
generated from a legitimate business
institution into plain gambling concern,
and that it no longer has any right to
make use Of the mails for the TRANSACT
ton Of it's business. This is a very
serious charge and means a great deal
both to the cotton exchange and the
cotton growing interests Of the south.
1t is alleged that the exchange, instead
of dealing in legitimate cotton futures
handles grade Of cotton which cam
not possibly be spun, and which is fit
only for making horse collars, cheap
mattresses and things OF that sort 1t
is claimed that out of the 100000
bales Of last years cotton crop only
10000 bales OF actual spot cotton was
placed on the New York Exchange. 1t
is claimed that the prices quoted on
the exchange range from IS to $3.50
less per bale than the real market price
for cotton in the south, and that the
whole system of trading or gambling
on the exchange is hurtful to the legit-
innate cotton business. 1t is asked that
postoffice inspectors be appointed to
probe the charges of fraud, and that
on their report will depend whether or
not the New York Exchange Is exclud-
ed from using the mails.
There is very high authority for the
statement that William HI. Taft has
known definitely for months that he is
to go on the supreme court bench.
A jurist, who saw President Roose-
welt within few days, was informed
that Secretary Taft would succeed
Chief Justice Fuller at an early date.
The president said that the newspapers
would gain nothing by criticism of
Taft either in the matter of the Pana-
ma canal or on the question Of the
colored troops. Mr.. Roosevelt, 1t seems,
was much interested in pointing out
that Taft had cheerfully accepted the
burden of criticism which had come of
late and would lose nothing by it.
'sTaft wants to go on the supreme
bench and that's where he will co." the
president is reported as saying.
The president plainly intimated in
his conversation that he could have
the resignation Of Chief Justice Fuller
whenever Mr.. Taft Is ready to go on the
bench. Mr.. Taft will have to remain
in the war department until the Pana-
ma contracts are settled and the Twen-
ty-fifth infantry dispute is disposed of.
The man who had the interview with
the president said that Taft would take
Fuller's place during the summer re-
cess Of the court.
WOLVES INVADE TOWN