Mexico Missouri message. (Mexico, Audrain County, Mo.) 1899-1918, 1908-02-06


for such real good can come only By q
thorough and continuing supervision over
the acts OF the combination In all its
parts, 20 IA TO prevent stock watering.
Improper forma OF competition. and. IN
short, wronEdolng generally. The law
man Act which prohibits all combinations
OF the character above described. whether
they be reasonable or unreasonable; but
this should be done only as part OF n
general scheme Go provide for this Of
fcctive and thoroughgoing supervision by
the national government OF all the oper-
ntions OF the big interstate business con-
Germs.
do not know whether Il II possible.
hut II possible. II In certainly desirable,
that In connection with measures TO
restrain stock watering and ovcrcapital-
iEation there should be meacurea taken
gambling in securities and commoditics.
such as making large sales of what men
10 not possess and "cornerinE' the mar
kct. Legitimate purchases OF commodi-
ties and OF stocks and securities for in
Vestmeut have no connection whatever
with purchases OF stocks or other necuri-
ties or commodities on margin for
speculative and gambling purposes.
There II no moral difference between
gambling at cards or IN lotteries or on
the race track and gambling In the stock
market. one method IN Just as permit
cious to the body polite as the other In
Wind, ard IN degree the evil worked IL
subject with which to deal. The great
bulk OF the business transacted on the
exchanges u not only legitimate, but II
necessary Co the working OF our modern
Industrial system. and extreme care
would have To he taken not to Interfere
with this business In doing away with
the bucket shop" type ot operation, We
should study both the successes and the
failures OF foreign legislators who, not
ably In Germany. have worked along this
Moreover. there IN special dlficulty in
dealing with this matter by the federal
government IN federal republic like
a way to cd deal with il the cfYcrt should be
made, even II only In cautious and
tentative way. II would seem that the
BY forbiddinE the use OF the malls. tele-
graph and telephone wires for mere
gambling In stocks and futures. just as
Il does In lottery transactions.
Santa Fe President Had
Guilty knowledge Of Relating
inclose herewith statement Issued
by the chief OF the bureau OF corpora
tons Appendix ~. In answer to certain
by and on behalf OF the agents OF the
Standard OIL corporation tAppendlX p.
and a letter OF the attorney general Gap
tain statements. also inclosed. made by
the president Of the Santa Fe Railway
Company CAppendiS ~. The Standard
oil corporation and the railway company
have both been found guilty by the
courts Of criminal misconduct: both have
been sentenced TO pay heavy fines: and
each has Issued and published broadcast
these statements. asserting their inno-
CcnCc and denounCing as improper the
action OF the courts and juries In con
viCtinE them OF guilt. These statements
are very elaborate are very Ingenious
and are untruthful In important par
tlCulnrs. The following letter and in
closure from Mr. Heney sufficiently Illus
tratc the methods OF the high officials OF
the Santa Re and show the utter falsity
OF their plea Of ignorance. the similar
plea OF the standard OIL being equally
department OF Justice. Offlce Of the
United states Attorney. District OF Ore
Portland. Jonuary II, 1905.
The President. Washington. u. c.
Dear Mr.. President: ! understand that
Mr. Ripley; OF the Atchlson. Topeka 4
ed with some severity upon your attitude
toward the payment OF rebates by certain
transcontinental rail roads and that he
has declared that he personally never
knew anything about any rebates being
granted by his road. in
close you herewith copy OF "A letter from
manager OF the Atchlson. Topeka & San
Ia Fe Railway system, to Mfr. G.. a,
Davidson, auditor OF the same company,
'aThis letter does NOT deal with inter-
state shipments. but the constitution ~
the state OF California makes the pay
ment OF rebates by railroads n felony.
and Mr.. Ripley has apparently not been
above the commission OF crime to secure
business You are at liberty to use
thus Enclosure in any way that you think
Sincerely yours. ..
FRANCIS ]. HENEY."
san Francisco. February "a. 1907
Dear Sir: l hand YOU herewith n file
Of papers covering the movement OF fuel