River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1908-02-06

bulk of the business transacted on the
exchanges is not only legitimate, but IS
| necessary to the working of our modern
industrial system, and extreme care
would have to be taken not to interfere
with this business in doing away with
the bucket shop type of operation We
should study both the successes and the
failures of foreign legislators who, not
ably in Germany, have worked along this
line, so as not to do anything harmful
Moreover, there is special difficulty in
| dealing with this matter by the federal
government in a federal republic like
ours. But If it is possible to devise
a way to deal with it the effort should be
made, even if only in a cautious and
| tentative way. 1t would seem that the
| 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
it does in lottery transactions.
Santa Fe President Had
Guilty knowledge of Relating
I inclose herewith a statement issued
by the chief of the bureau of corpora
| tons (Appendix y, in answer to certain
statements (Which l also inclose), made
by and on behalf of the agents of the
Standard Oil corporation (Appendix p,
! and a letter of the encouragement Cap
pendix g, containing an answer to GER
| tain statements, also inclosed. made by
the president of the Santa Fe Railway
Company lAppendix q. The STANDARD
have both been found guilty by the
courts of criminal misconduct; both have
been sentenced to pay heavy fines; and
these statements asserting their lnno-
cenee and denouncing as improper the
victing them of guilt These statements
are very elaborate are very ingenious,
| and are untruthful in important par
| ticulars. The following letter and in
closure from Mr.. Heney sufficiently illus
| trate the methods of the high officials of
the Santa Fe and show the utter falsity
plea of the Standard Oil being equally
| without foundation:
| Department of Justice, Office of the
United States Attorney, District of Ore
gon.
Portland, January II, 1908.
| '"The President, Washington, d. G.
Mr. Ripley, of the Atchison, Topeka &
! Santa 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 traffic
manager of the Atchison, Topeka & San
| Ia Fe Railway system, to Mr.. G.. A.
Davidson. auditor of the same company,
| dated February 81 1908.
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 felony,
| and Mr.. Ripley has apparently not been
above the commission of crime to secure
business. You are at liberty to use
this Enclosure in any way that you think
it can be of service to yourself or the
p"''i'' Sincerely yours.
FRANCIS J. HENEY."
"san Francisco. February q, 1907
Dear Sir: I hand you herewith file
of papers covering the movement of fuel
oil shipped by the Associated Oil Com
pany over our line from January J. 1925 1929
1--WE agreed with the Associated Oil
Co.'s negotiations with Mr.. Ripley, Mr..
Wells and myself, that in consideration
of their making us a special price on oil
for company use, which is covered by a
| contract, and the further consideration
that we would take certain quantity,
they would in turn ship from Bakersfield
over our line to San Francisco Bay
points a certain minimum number of bar
rels of fuel oil at rate of % cents per
barrel from Bakersfield, exclusive of the
switching charge.
These statements cover the movement
except that they have included Stockton
which is not correct, as it is not bay
point ana could not be reached as con-
veniently Cy water. We have paid them
on account of this movement 1929 which
should be deducted from the total of
movement shown in the attached papers
81 wish you would arrange to make up
statement. check the same, and refund
to the Associated Oil Company down to
the basis of 25 cents per barrel from Ba-
kersfield where they are the shippers. re-
gardless of who is consignee, as all their
for making this deal in addition to what
/ have stated is that the Associated Oil
Company have their Own boats 6 > and carry
along the coast near San Luis ObiSpo to
San Francisco at much lower cost than
the special rate we have made them and
pany and the Standard Oil Company, it
was necessary for them to sell at the
San Francisco Bay P 3on on the the P es
the coast fields. They figured they could
only afford to pay US the % cents per
barrel if by dong TINS they sold old, our 1II
otherwise the business covered by the
attached papers would have come in by
boat from the coast fields. ,
that there may be in the papers a history
of the reasons why this arrangement was
made wish you % s Soon go "a aneao esi ana
as the Associated Oil Company are very
anxious to have the matter closed up.
vember 18th at a conference between Mr..
Ripley, Mr. Wells, Mr.. Porter, and my
self
EDWARD CHAMBERS"
Shipments Associated Oil Company,
''Mr. G. A. Davidson
auditor, Los Angeles"
The attacks by these great corporations
on the administrations actions have been
given a wide circulation throughout the
country in the newspapers and other
wise by those writer's and speakers who,
consciously or unconSciously, act as the
representatives of predatory wealth-of
the wealth accumulated on a giant scale
bv all forms of iniquity, ranging from
the oppression of wageworkers to unfair
and unwholesome methods of crushing
ont competition, and to defrauding the
public by stock jobbing and the manipu-
iation of securities. Certain wealthy men
of this stamp, whose conduct should be
abhorrent to every man of ordinarily de-
cent conscience, and who commit the
hideous wrong of teaching our young
men that phenomenal business success
must ordinarily be based on dishonesty,
have during the last few months made
it apparent that they have banded to-
gether to work for a reaction. Their en-
deayor is to overthrow and discredit all
who honestly administer the law to pre-
vent any additional legislation which
would check and restrain them, and to
secure if possible a freedom from all re-
straint which will permit every unscru-
puious wrongdoer to do what he wishes
unchecked provided he has enough mon
ey The only way to counterfeit the
movement in which these men are en-
ragged is to make clear TO the public just
what they have done in the past and just
what they are seeking to accomplish in
the present.