Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1908-02-01

along the lines the judge indicates, or in
some other way equally eficacious, the
congress may exercise the power when
he holds 1t possesses.
Superfcally it may seem that the laws,
the passage of which | herein again al,
vocate-for l have repeatedly advocated F.,
| them before-are not connected But In
| reality they are connected Each and ev,
cry one of these laws. If enacted. would
privilege, part of the campaign to make
the c.ass of great property holders realize
| that property has its dutles no less than !
| It's rights When the courts, guarantee to
the employer. as they should. the rights
OF the employer, and to property the rights
of property, they should less emphat,
cally make 1t evident that they Will ex,
act from property and from employer the
| duties which should necessarily accompan!
| these rights; and hitherto our laws have
f failed IN precisely this point Of IT. enforcing
! the performance of duty by the man OF
property toward the man who works Tor
him. ny the man of great wealth. espe-
| cially If he uses that wealth in corporate
form. toward the investor, the wage
worker. and the general public. The per-
manent failure of the man o. property to
fulfil his obligations would ultimately as
sure the wrestling from him of the pr,vl-
leges which he is entitled to enjoy II he
recognizes the obligations accompanying
them. Those who assume or share the re-
sponsibility for this failure are rendering
but poor service TO the cause which they
believe they champion.
I do not know whether 1t is possible. but
.
In connection with measures to restrain
stock watering and decentralization
there should be measures taken to pre-
vent at least the grosser forms of gam
bling in securities and commodities, such
ms making large sales OF what men do not
possess and "cornering" the market. lie.
ultimate purchases of commodities and OF
stocks and securities for investment have
no connection whatever with purchases of
stocks or other securities or commodities
on margin for speculative and gambling
purposes. There is no moral difference
between gambling at cards or In lotteries
or on the race track and gambling In the
. stock market One method is just as
pernicious to the body polite as the other
, greater But 1t is a far more difficult
subject with which to deal. The great
bulk of the business transacted on the eX-
changes is not only legitimate, but is nee
essary to the working of our modern in
, dustra system, and extreme care would
, have to be taken not to interfere with TINS
, business in doing away with the bucket
, , shop type of operation. We should study
, the successes and the failures of foreign
= legislators, WHO, notably in Germany,
! have worked along. this line. so as, not to
a special difficulty in dealing with this
matter by the federal government In a
e federal republic like ours But II II is
e possible to devise way to deal with 1t
Q the effort should be made, even If only
' In a cautious and tentative way. 1t would
t seem that the federal government could
at least act by forbidding the use of the
. mails. telegraph and telephone wires for
n mere gambling In stocks and futures, just
e as it does in lottery transactions.
;. STANDARD OIL AND REBATES.
!. I inclose herewith a statement issued by
e the chief Of the bureau of corporations on
:, ments (Which | also inclosel made by an6
= on behalf Of the agents Of the standard
4 on corporation Appendix p ana a letter
y of the attorney general Appendix - con
;. tanning answer to certain Statements
# also inclosed. made by the president Of the
Sf he pe o an the
t, way company have both been found guilt!
+ by the courts Of criminal misconduct: botf
: have been sentenced to. pay heavy fines
e. and each has issued and published broad
y cast these statements. asserting their in
,se nocence and denouncing as improper tn
:. vlcting them of guilt. These statement
1t are very elaborate, and very ingenious
of and are untruthful in Important phrticu
tie from Mr.. Heney sufficiently illustrate tn
I methods of the high officials Of the SAINT
ut Fe and show the utter falsity, of thei
es Standard Oil being quality without founda
f. ton:
to Department of Justice.
rs Office Of the United States Attorney, DIS
n trict of oregon.
at Portland, January II, 1908.
in The Pres lent, Washington. y. G.
H. Mr. Ripley. of the Atchison. Topeka an
Santa Fe Railway system. has commente
ny with some severity upon your attitude t
IT. ward the payment of rebates by certai
he transcontinental railroads and that he hn
ng declared that he personally never kne'
II anything about any rebates being, granite
he by his road I inclose you herewit
ly cony Of letter from Edward Chamber
cy general freight traffic manager of til
,ir Atchson, Topeka and Santa Fe Railwa
es system, to Mr.. G. A. Davidson, auditor !.
to the same company, dated February ,
les 1907.
lv. This letter does not deal with int
he state shipments. but the constitution
IS, the state Of California makes the paymeI
m of rebates by railroads felony, and NJ
H. Ripley has apparently not been above tt
nd commission of crime to secure bushes
Ri You are at liberty TO use this Enclosure
nv any way that you think 1t can be of Sc
i'd vice to yourself or the public.
es Sincerely yours,
ev Francis j. Heney.
~ San Francisco. February %. 1907.
mo Dear SIR: ] hand you herewith file
II Da nprs covering the movement of fuel {