Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-02-15
1O Fly WHITE FLAG :!
Oil Trust May Surrender, Fear
ing Defeat in Case at
st. Louis
KEY TO JAP THE SITUATION
Frisco Willing to Accept cooIie
Amendment to tho immigration Bill
Statement of President stiokney
That Great Western Stock is Wat
cred May Bring About investigation.

| That Great Western Stock is wat
cred May Bring About Investigation.
Washington, Feb. 15.-While there
has been no advertisement of the fact
1t Is true that eastern financial circles
are q good deal disturbed over the ag-
gressive policy of the administration
| in the matter OF the prosecution of the
so-called trusts, and the fear is being
freely expressed that unless something
can be done to relieve the situation, a
| condition resembling temporary i'm
ancial stringency may be the result,
either this year or next.
At present the governments suit
against The Standard Oil Company Is
being watched with undisguised inter-
est in the east, and as the time for the
trial Of the cases at st. Louis draws
near, the Standard Oil officials, who
have been preparing for a stubborn de-
Tense, are being subjected to good
deal of pressure from their financial
associates and allies. Indeed, the sit
uation is such that no surprise should
be occasioned If, when the trial day
arrived, the Standard Oil company
should go into court and voluntarily
consent to a decree.
Should the Standard do this, it will
do precisely what eastern financial
leaders believe ought to be done. These
men have been impressed with the
strength of the governments case and
are painfully aware OF the fact that
public sentiment in the United States
is today more unfriendly to the trusts
than 1t has ever been in the country's
history The effect of such an unfavor-
able environment, it is pointed out,
will almost necessarily have q greater
or less effect upon the federal courts.
and so, it seems, in the opinion OF
eastern financial operators. almost
foregone conclusion that the Standard
is to lose its case, and then. IL it shall
have made a hard defense, be subjected
to the extreme penalties of the law.
The effect of such state of affairs, 1t
is pointed out, would almost certainly
be disastrous in financial circles, owing
to the bewildering raniflcations OF
Standard Oil financial operations. Any
thing that would put that company out
Of business, Or even cripple 1t seriously,
would, it is contended, involve every
one of the scores of important interests
with which that company is identified.
Hence, the advice to the company's
officers to go slow, and, IL possible, con-
sent to decree in advance of trial.
Having thus consented, it is pointed
out, the court will be likely to impose
some moderate penalty, and what is
even of more Importance, the secrets
Of the Standards business operations
and qualifications will not be revealed.
An effort has been made to run this
rumor to some definite foundation in
Washington, but without success as yet.
The government is preparing for the
trial of the case, and Messrs. Kellogg
of st. Paul and Morrison OF Chicago,
who are in charge of the governments
side Of it. are now ready to proceed.
The government is not worried over the
outlook, but, on the contrary, feels GER
tain that it is to win
The rumor here outlined has origin
ated in New York, and come thence
to Washington, but thus far without
appearing in any of the newspapers.
It is important, if true, and will be
heard with a good deal of surprise by
people in all parts of the country.
The present situation in regard to
the Japanese California negotiations is
as follows:
Mayor schmitz and the members of
the San Francisco school board have
come to an agreement with the presi-.
dent. What they would prefer to do
is to establish a number of additional
schools in San Francisco, providing for
the Japanese educational facilities fully
equal to those given to white childr Ell.
1t is understood that these schools are
to be for Japanese only-not Chinese,
who will have to continue to attend the
existing oriental school in the heart of
the burned district. Secretary Root
is to communicate at once with Arnhas-
sador Wright at Toxic, instructing him
to lay this plan before the mikado's
government.
But if this plan is not agreeable to
Japan the San Francisco authorities
will rescind their order segregating the
japanese. scholars and will re-admit
them into the schools for whites, if all
amendment to the immigration bill bar
ring coolie laborers is accepted by the
senate and house, and the immigration
bill is passed at this session of con-
gress. The proposed amendment, which
is the work of Secretary Root, provides
against the admission of foreigners who
use their passports ito the detriment
of labor conditions i'll this country
Mayor Schnlitz and his associates
had "a conference with the president
yesterday afternoon and assured Mr..
Roosevelt that the amendment to the
immigration bill was entirely satlsfac-
tory to them.
The amendment to the bill has been
agreed upon by conferees of the Sen
ate and house and reported to con-
gresS.
Nothing is more calculated to cause
President Roosevelt to direct the in
terstate commerce commission to make
an official valuation of railroad prop
erty in the United States than the
statement Of President A. B. Stickney
of the Chicago Great Western before
the Minnesota legislature that he had
sold considerable watered stock and
was prepared to sell more.
For several weeks President Roose-