Daily capital journal. (Salem, Oregon) 1903-1919, 1907-07-27
cn,ionrn.Alton Matter.
Governments Action

of the interstate commerce
+ ,,ss,on II was contained in that
mart Of its dealing with Harri-
"A chicago & Alton matters. There
.,dopeed throughout the docu-
distinct purpose to distort
ss and misinterpret actions in
Ddeavor to throw blame on the
imam syndicate, and especially
r Hartman. The Wall Street
al In a careful analysis, proves
IN six different important in
es the report wilfully puts a
construction on the actual facts.
methods of confusing pettifog-
re- used to disparage Mr.. Harri-
and the report twists what was
able management into "inde-
ble financing" No one can read
wall Street Journals analysis
but arriving at this conclusion.
great government to adopt such
ods should open the minds OF
hing people. In concluding It's
Isis the Wall Street Journal
that It Is obvious that the AL
Syndicate made In the neighbor-
of $S.O0O,000. very possibly
what less, and that 75 per cent
ese profits consisted in its hold
OF common stock, which had
BIZ a speculative value created
he syndicate itself. It concludes
n this Is by no means an extra
bary profit considering that the
X investment of the syndicate was
\ large, and was realized, not all
Nee, but during several years. 1t
on to say that the Alton began
row prosperous when the syndl-
took hold OF It, and closes:
Conclusions.
8n fact, one overshadowing fea-
Of this whole matter is that no.
profted so much as the Alton
did, and the people in its tribu-
territory"
ID this Is the termination of
world-famous, credit-disturbirg,
hence-breaking undertaking, the
iman Investigation, which star
the markets OF the world, Great
fnsDIcIon concerning all our rail-
securities, and with other SINH
#hoyes, brought about an Ameri-
stock panic that wiped out three
|sand millions OF value.
ends up In weak, retaliatory and
'st abuse, which will react in
p OF It's intended victim, and
|nst the dominating agency which
lght It about.
Trust-crushing In Texas.
Pc legitimate conclusions of the
killers are being worked out
Texas. There law has been
ed to send to jail every man who
any trust-made goods. AS the
Iral result of this will be TO re-
N the sale of the necessities of
starvation will eventually con-
! the citizens of the state. After
Ing this law. the legislature with
I eomplaceney adjourned. Even
worm will turn, and meetings
BOW being held all over the state,
ierehants and business interests,
iemorialize the governor to call |
selal session OF the legislature TO
81 or modify the law.
len exhibitions of crazy political
s are the result OF the campaign
onomie experiments for vote get
and popularity, inagurated In
hington.
Money This Fall.
le dominant problem at the mo-
Is what will develop in the
'y situation this fall. An so per
crop which We shall probably |
, Will take less cash to move II
'he Held, but the amount even
VIII be sufficient to seriously |
VI credit. The first week in July
ded the smallest surplus reserve
SHo6'OOO) that we have had |
q years at a similar date. Liqui,
. IN the stock markets in the
.e~ months has released capital |
speculation, but 1t has been |
ny absorbed by business. The |
'hat has gone abroad may not |
'psc.ed to return. Reliance for
upp'y needed TO move the crops |
come from the channels OF
eSs' and from the treasury. al
decided falling on in business |
make the outlook more favor
50 Tar as the money market is |
'rAed' 1t may be that the re-