Semi-weekly herald., 1908-04-06
TELEGRAPH NEWS

/
feet into the canon at Yale sidins
four miles east of this city. the wood
en- bridge across which had bee,
burned out. Engineer j. Nockabee n
the throttle on the head locomotiv
of the two pulling east bound Cole
RADIO Midland passenger train No
today saved the lives of 100 passen
gers. Engineer Frank Smith on th,
second locomotive felt the shock an,
applied his emergency brake befor,
his engine followed the other INTO th,
abyss. Both engineers and their fire
men jumped, and aside from severe
bruises escaped uniniured. The
coaches of the train were left stand.
Ing on the track few feet from the
chasm, and both engines are a mass
of twisted iron at the bottom of ,ae
gully.
WASHINGTON, April 2-It is
stated on high authority that Presi-
Xauent Roosevelt had important future
possibilities In mind when he urged
in his last message to congress legis-
iation that viii give the attorney gen
eral power TO name one of the reeeiv.
ers in cases of railroad receivership.
The suggestion. it is declared is
simply part of the general scheme
OF the administration to place a prop
err limitation on the capitalization of
interstate carriers.
II has been pointed out in the high
est administration quarters that tbere
are intimate relations between the
proposal Of federal representation in
receiverships and that of federal CON
troll of capitalization. There is pros
pect of some railroad reorganizations
III the next two or three years, and
when they take place it is desired to
prevent If possible, a repetition of
The over-capitalization methods that
were used when the railroads were
taken out of the hands of receivers
following the 1893 crash.
There is strong feeling among the
supporters of the presidents corpor-
disposition to permit railroads to go
into receiverships, as soon as a tenn
porary pinch of hard times was felt,
If it We're understood that when the
time came for reorganization the fed
eral government would take part,
would prevent too generous dis
tribution of bonuses and commits
sions, too much initiation of capital
and generally would aim to exercise
such a supervision of financial meth
ods as have never been undertaken
before
Under the extensive powers already
conferred by the Hepburn bill, it is
believed by the presidents advisers
that it is possible even now to do
much toward effective supervision in
this class of cases. But in order to
make certain that in future reorgan-
izations of railroads the tendency
shall be TO squeeze out the wind and
water and get down TO something like
real values, II is felt that this legisla-
tion is much needed. 1t is understood
further that some special effort will
be made, though in rather quiet fash
ion, before the session is much older,
to secure this action.
HUNTINGTON, W. Va, April al
The continual downpour of rain
for three days throuhout West Vir- |
ginia caused the loss of five lives and
damage to property exceeding half a
million dollars. Reports along the
Blkhorn and Tug rivers are to the eff
feet that hundreds of families are
homeless, having been driven from
their homes by the high water in
those streams. Railroad traffic is at
Il standstill owing TO the numerous
washouts. A number of bridges have
also been carried away. Three men
were drowned today at Rock, w. Va,
by the collapse of a suspension bridge
spanning the Bluestone river.
CHICAGO, Aril "A fight between
iurymen in which a heavy chair was
demolished, tables and other furniture
dented. and several men slightly in
iured, marked the jury's deliberations
in the Barney Coffey saloon closing
casA in the municipal court. After
hours of this kind of argument the
jury was called before Judge Foster
and reported disagreement The
jury stood ten for acquittal and two
for conviction. Sixteen ballots were
taken.
ST. LOUIS, Mo-, April 2.-Five men
were injured, three seriously, in a
rear end collision today at Spanish
Lake, fifteen miles north of st. Louis,
rbetween a freight train and a Burling
ton passenger train. The injured are
j. A. McKittrick. Brookield, Mo-, leg
cut off, right leg crushed; r. l.. Led
ford, stockman of Hannibal, Mo, in
ternally injured; Charles Mackesson,
fireman of the passenger train, inter-
nal injuries and may die; Samuel
Keister, Laclede, Mo, and j. A. Dunn,
Il stockman of Shelbyville, Mo, sus-
tanned slight injuries. The caboose
of the freight train and engine of the