The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1908-02-13

4-Alt4AH1Af%~RN~H
THIS should be done only as part OF a I
kenwrat scheme to provide for this ef- l
i ne ,,s ana demonstrating supsrsision Dy
Germs.
J. DO not know whether II is possible. |
tnat In connection with measures 70 1
IesIfain Stock watering and overcapitai- |
.LAuoh there should be meacures taken
20 prevent at least the grosser forms on
gambling IN securities and commodities.
such as making large sales OF what men
I e moi poses and -eornertng the MAJ
heI Legitimate purchases OF coinmoni-
Ties and OF stocks and securities for In
vestment have no connection whatever
s purchases Of stocks or othei securi-
ties or commodities on q margin for
speculative and gambling purposes.
Inere - no moral difference between
gan bling at card. or In lotteries or on
market One method is just as PERM
cious to the body polite as the other In
.ind. and In degree the evil worked y
FAR greater. But IL is a far more difficult
subject with which To deal The great
buik OF the business transacted on tins
e e Is not only iegitimate' but u
necessary TO the working OF our modern
Industrial system, and extreme care
would have to be taken not to interfere
NTH WIT ., this business in doing away Win
should study both the successes and the
failures OF foreign legislators who, not
nDy n Germany, have worked along tnls
iine, 50 as not to do anything harmful
Moreover. there is special difficulty In
dealing with this matter by the federal
oSrs Ra, p federal s.,s Eep9 70 devise
way to deal with 1t the effort should be
made, even II only In cautious and
federal government could at least act
by forbidding the use OF the mails, tele-
graph and telephone wires for mere
gambling in stocks and futures. just as
II does in lottery transactions.
Guilty knowledge Of Relating
inciose herewith a statement issued
by the chief OF the bureau of corpora
statements (Which j also inciose). made
by and on behalf of the agents OF the
STANDARD OH corporation tAppendix y.
pendix 81. containing an answer to GER
tain statements. also inclosed. made by
the president OF the Santa Fe Railway
OIL corporation and the railway company
| have both been found guilty by the
courts OF criminal misconduct; both have
each has issued and published broadcast
these statements. asserting their inno-
cence and denouncing as improper the
victing them of guilt These statements
are very elaborate. are very ingenious.
and are untruthfui in important par
| trate the methods of the high officials OF
the santa Fe and show the utter faisity
plea of the Standard OIL being equally
1 without foundations:
Department of Justice, Office OF the
United States Attorney, District of Ore
| gon.
Portland, January IL, 1908.
The President. Washington, d. G.
| Dear Mr.. President: l understand that
| Mr.. Ripley, of the Atchison. Topeka *
NSanta Fe Railway system, has comment
ed with some severity upon your attitude
toward the payment of rebates by certain
| transcontinental railroads and that he
has declared that he personally never
knew anything about any rebates being
close you herewith copy of a letter from
| Edward Chambers, general freight traff1c
manager of the Atchison. Topeka q San
ia Fe Railway system. to Mr.. G. A.
| Davidson, auditor of the same company.
dated February. a. 1905 :.
This letter does not deal with inter.
state shipments. but the constitution OF
the state of California makes the pay
ment OF rebates by railroads a felony,
and Mr.; Ripley has apparently not beer
above the commission of crime to secure
business. You are at liberty TO use
this Enclosure in any way that you think
1t can be of service to yourself or the
Sincerely yours.
FRANCIS J. HENEY."
"San Francisco February q, 1907
Dear Sir: / hand you herewith n file
OF papers covering the movement of fue
oil shipped by the Associated OIL Com
p p 10 and including November Is. 1905
I'VE agreed with the Associated OF
Co.'S negotiations with Mr.. Ripley. Mr.
Wells and myself. that in consideration
OF their making us a special price on OF
for company use. which Is covered by q
contract, and the further consideration
th h would in turn ship from Bakersfieit
over our line to San Francisco Bay
points a certain minimum number of bar
barrel from Bakersfield. exclusive OF tn,
These statements cover the movement
except that they have included Stockton
which is not correct as II is not a ba,
point and could not be reached as con
veniently by water. We have paid then
on account of this movement N.25s which
should be deducted from the total o
movement shown in the attached papers
II wish YOU would arrange TO make NJ
, a statement check the same. and refun,
to the Associated OIL Company down 4
the basis of Is cents per barrel from Ba
kersfield where they are the shippers. re
fuel oil Is sold delivered. The reason
for making this deal In addition to wha
have stated Is that the Associated OF
] oil from fields controlled by themselve
along the coast near San Luis Obispo Il
| San Francisco at a much lower cost thar
the special rate we have made them ant
in competition with the Union oil Com
many and the Standard OIL Company, /
was necessary for them to sell at tn
. San Francisco Bay points on the basi
of the cost of water transportation from
the coast fields. They figured they coul,
only afford to pay US the 3 cents pc
barrel IL by doing this they sold on
company certain amount of fuel oil
otherwise the business covered by tn
attached papers would have come In b.
boat from the coast fields.
'sI am writing this up com pleteiy 8
that there may be in the papers a histor,
of the reasons why this arrangement wa
made I wish you would go ahead an
! make the adjustment as soon as possible
as the Associated Oh Company are yer,
anxious to have the matter closed az
The arrangement was Cancelled on No
vefnher 18th at a conference between Mt
Ripley, Mr.. Wells. Mr.. Porter, and my
self.
EDWARD CHAMBERS.
SHIPMENTS Associated Oil Company,
Mr. @. A. Davidson.
Auditor. Los Angeles"
The attacks by these great corporation
on the Administrations actions have bee
given a wide circulation throughout tn
| country IN the newspapers and other
wise by those writers and speakers who
consciously or uneonsciousiy, act as IN
representatives OF predatory wealth.
the wealth accumulated on a giant seal
the oppression OF wageworkers to unfai
and unwholesome methods of crushin
out eounpetitton, and TO defrardang tn
public by stock joboinE and the r1anfpu
fation Of securities Certain wealthy me
| Of this stamp whose conduct should
. abhorrent 70 every man OF ordinarily De
: | cent conscience. and who commit In
I -