Durango semi-weekly herald., 1907-06-03
TELEGRAPH NEWS.

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president and party arrived fat ter
minutes to IL. He was greeted by al
enormous crowd. The weather Is
cloudy but pleasant President Roose
welt delivered his speech at $3.50 in
the open air.
In his speech at the unveiling OF
the monument of General Lawton this
afternoon, listened to by vast crowd,
President Roosevelt's theme was rail
roads. In IT he made clear his at
titudes. 1t has been intimated that
the president would take this occasion
to grill railroads and expected Har-
/ riman to come In for a share of the
big sticks" discipline The name OF
the wizerd OF mergers was not men
TONED. When he said. "No criminal,
no matter what his size or wealth,
shall escape us II we can help our
selves" it was generally understood
what the policy toward Mr.. Hartman
Ia to be. What we demand" he
said, 'is federal supervision, not own
ership." Again he declared that states
should not work to detriment of rail-
road interests by reckless rate legis-
lation. This, he said should be under
federal control. Roads are entitled
to fair rate. and unwise cutting win
injure not only railroads but the ter
ritory through which they pass.
The president said he was not OPP
posed to freight and rate agreements
between railroads so long as these
agreements did not work to the dis
advantage of the public. Railroads
should also be allowed 70 own the con.
trolling interests In connecting lines.
but should not be permitted to con
trol competing lines. On the subject
OF overcapitalizaIon the president
said while there had undoubtedly been
the railroads were really worth what
they were capitalized at and their Sc
curities were on sound basis. He
said the Interstate commerce commits
sion should be empowered to appoint
experts to appraise the physical yalu-
oyercapitalization. He said railroads
should come under federal supervision
the same as national banks. Then he
said the government would be able
to give a railroad a certificate of good
character just as 1t does a national
bank and the people would be as ready
to invest in railroad securities as they
are in bank securities. This would
mean healthful development of the
railroads and of the whole country.
The president mercilessly criticised
railroad magnates who paid more at
ket than they did to fitting their lines
for adequate service to the public.
The railroads, he said, were not
wholly to blame for recent congestion,
as the country was SO prosperous that
it had simply outgrown the facilities
to care for the nations traffic. 1t was
evident In the entire address that
the president takes no backward step
but Is determined that the govern.
ment shall supervise all great corpora
tions, forcing them to be honest
Shebogan, Wis, June 1.-Thomas
Taylor, aged ~ and Mrs william
Brookshire, aged 20. pioneers at Wal.
do this county have eloped to q
| neighboring WALLACE and married.
Titusvilie, Pa, June Fire swept
eight acres OF the manufacturing dis
| trict of this place early this morning
and caused a loss estimated at 800.
900.
New York, June 1.-The threatened
strike of 10000 telegraphers agains
| the Western Union Telegraph com
pany will not take place. The officials
| OF the company and Samuel j. Small
national president of the Commercial
| Telegraphers of America, have beer
In conference over the situation al
fecting the operators for several day
and last night Mr.. Small announces
there would be no strike. Settling
their dispute with the corporation tn
telegraphers win a great victory. Al
agreement will be effected on tn
basis of an eight hour day for opera
tors and a 10 per cent increase is +
extend to all knights of the key.
Denver. June with the sam
modesty and unostentation that mari
ed the life OF Walter s. Cheesemar
his mortal remains will be laid to res
In Fairmount cemetery next Monda,
The services will be private and onl
members OF the family and clos
friends will be present Cheesema
} leaves an estate valued at 100000
New York, June 1,-Read Admir-
J Joseph b. Coughlin, U. 8. N, who's
famous "Hoch der Kaiser" utterance
at one time jeopardized the cordial RI
lations between this country and Ge
} many, declares on the eve OF his r.
} tirement. which takcs place toda
that we need more battleships an
bigger ones Tho only way to insui