davidaulloa/AmericanStories huggingface dataset:
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1909-12-01
ALTHOUGH NOT UNEXPECTED,
STANDARD OIL DECISION WAS
PLAIN.
Shows the Tendency the Courts Have
to Put Ban On any Attempt to
Suppress Competition.
(Henry Clews.)


NEW YORK, December 1-Wall
street was decidedly disturbed by the
cision of the United States circuit
court against the Standard Oil COM
pany. Although not entirely unexpect-
ed, this decision emphasizes the ban
which the courts are placing upon the
efforts to suppress competition. Need
less to say these mandates interfere
materially with the plans of many in
contemplated mergers, holding COM
panies or other devices for circum-
venting the law. Such plans must
necessarily be seriously fnterfered with
and all combinations of monopolis-
tic character are now wondering how
the decision may affect their future
welfare. 1t is not to be supposed that
either the government or the courts
are going to take extreme or unintel-
ligent action towards the great combi-
nations of capital, which are neces-
sary to the development Of the country
and the more efficient and more eco
nomical than numerous small concerns.
Nevertheless, it may as we'll be rec
ognized at once that the government
seriously intends to comply with the
popular demand for adequate restraint
Of monopolies and great aggregations
colrts of last resort will support this
movement; and that the Sherman law.
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1909-12-01

materials. There is also an uneasy
feeling regarding the situation in cot
ton and copper resulting from ex-
cessive manipulation, and while the
general situation is hopeful it is not
without it's serious perplexities, chief
of which is the generally high scale or
prices.
One other element of uncertainty is
the situation abroad arising out of
is not only revolutionary in some of
the British budget proposal, which Is
not only revolutionary in some of its
proposals, but also disturbing to for
eign financial and commercial inter
ests. 1t is possible that the British
government will be obliged to enter
the money market on a considerable
scale to meet deficiencies which will
occur as the house of lords has re-
jected the present bill. This has caused
a feeling of uneasiness, not only in
London, but at the European financial
centers, which has since been further
developed by the Standard Oil decision,
and rumors that the efforts for an
American copper combination will
have to be either abandoned or else
very materially modified. possibly on
the lines of community of interest The
present outlook, therefore, is not en-
tirely an encouraging one considering
the high level of security values and
the indications point to a hesitating
market for some time to come. It's chief
mously wealthy holders who forced the
market when money was cheap to an
abnormally high level. This group of
men have already lost two of their
ablest leaders, and it remains to be
seen how long they will be able to
successfully resist natural tendencies
which favor a lower and more stable
range of values. The recent demolition
of merger and segregation pans has
deprived the speculative leaders of
two of their most powerful means of
manipulation. / therefore advise eau
ton in buying the stocks that are or
ganiZed as holding companies, especi-
ally those that have contemplated seq
regating their assets under new car
rying schemes. The recent Standard
Oil decision knocks out all such de-
vices; and corporations of this kind,
which now exist and those hereafter
so organized are and will be law
dissolve
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1909-12-01

the properties during the redemption
period, which in Washington is one
year.
On the best farm loans, the borrow
ers are paying seven per cent gross for
their money These loans, when
bought through responsible agencies,
can be had to net from to 1-2 per
provide for annual interest payments
cent. The general practice is to pro-
vide for annual interest payments in
the late fall of the year, and if the
borrowers have a right of prepayment,
it is usually based on a boius of 2 per
cent interest for the sums paid off.
The customary form of instrument is
a mortgage. although trust deeds are
growing in favor.
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1909-12-01
RAISE CODE RATES

NEW YORK. Dec. IAN advance !
rates on code messages was mt in..
effect today by the telegraph comm.
mics. Beginning today. charges v.;,.
be made on the bsais of five letters D.
word, when the code words aro
formed from English, German. Promo,
Italian, Dutch, Portuguese. Snarish
and Latin words or syllables Nos.
of the present day codes are fror,
groups of letters, meaning NOTHING ..
regards language, and which confnSos
the telegraph operator All combine.
tons of letters of other than the spec-
fed languages are made subject a
the five letter count. When sncb
groups are made up by COMBINING
words each word so used will ha
counted.
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1909-12-01
WALL STREET FELT
THE JUDICIAL JAR

though requiring some notifications
reasonable, will remain the law of the
land The prime intent of that meas
ure is to maintain the open field and
fair play. Monopolies are un-Amer1-
can, for they conflict with such pur-
poses and endanger the very founda-
ton of our political institutions. The
door of opportunity must not be shut
and locked fast by monopoly. COMPETE
ton has been the main incentive in the
material development Of this great ma
ton, and the recent tendency towards
it's elimination, if not resisted, would
rapidly lead to socialism, national de-
industrial life of the nation depends
very largely upon the decision of the
courts on this vital question: and it is
really encouraging to observe that the
present drift is towards sound and well
established economic principles and
away from the popular fallacies which
captured many light thinking or ultra
selfish people, who in the pursuit of
their purposes are blind to public well
fare. The check upon this tendency
towards monopoly and excessive CEN
traliZations of industry may of course
be temporarily unsettling in Wall
street, but the ultimate effect even
investments will be highly beneficial,
for it will disarm much of the public
criticism naturally aimed at the great
corporations and monopolies which
would surely continue to abuse the
great power obtained without due re-
straint. 1T will be remembered that
none of the calamities which were pre-
dicted in event Of a decision against
the Northern Securities company ever
happened. On the contrary the deci-
sion was distinctly beneficial lit avert
ed worse political agitation; and the
Standard Oil decision will do likewise
Stock exchange prices exhibited
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1909-12-01
STATE ARE GIVEN HIGH
EST PRAISE.
Eastern Financial journal, In Talk
ing Over State Laws, Puts Wash
inqton In the Front.

Every year Uncle Sam, says Mort
cages and Bonds, through the depart
ment of agriculture, issues table
showing the average price that the
farmers produce is worth to him, or
the farm. The figures are mdae up by
states. on each class of crops. and their
average reflects accurately the pros
perity of the various districts. In de-
tail. the following figures show the
average cash price per acre which the
farmer obtained in 1908:
IoWa-Wheat. s15.17: oats. $10.21;
corn. $16.4S; barley, $13.77: hay, $3.50;
potatoes. $48.
Kansas-Wheat, $11.O6; oats, $3.50;
corn, $12.1O: barley, 1854; hay. sS.55;
potatoes. $66.4O.
Ohio-Wheat, 1884: oats. s12.94;
corn, $24.25; barley. $3.50; hay. $1931;
potatoes. $3.50
nIinois-Wheat, $1261; oats, s10S1
corn. $1S.O1; barley. 1888 hay, $12.55;
potatoes. $59.93.
New York-Wheat, $17.32; oats, $16.-
Sc: corn. $31O4; barley, $1S.19 hay,
$l470: potatoes. $3.50.
Average of United States Wheat
1897: oats. $11.7S; corn, $15.8S; bar
ley. 1891; hay. $1S.67; potatoes. $1,000.
shington-Wheat, $15.4O: oats,
fs136; corn. $19.3S: barley. $3.50;
hay. $2774; potatoes. $80.39.
interest Return and Production.
I'm accordance with the principle of
natural interest, which argues that
money will earn for the lender a per-
centage based on what it produces for
the borrower it follows that interest
rates should be abnOrmally high for
farm loans in Washington. AS a mat
ter of fact, they are probably the high
est that prevail anywhere in the Unit
cd States on similar classes of farm
security Thtis condition. however, is
slowly neutralized through the in
crease in the number of lenders who
are placing funds here. AS the value
of the farm lands in this field become
known. without doubt the mortgage in
teTest rate will show a steady reduc-
ton
In the evolution of the Pacific coast
the trapper gives way to the hunter;
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1909-12-01

lower tendency owing to the condi-
lions lust referred to. New issues are
still forthcoming in large amounts, put
the buying power of the market is very
limited. Investors and spectators
alike keep aloof and there has been no
support except from the manipula-
tions of big traders. The approaching
opening of congress is also an element
of uneasiness President Taft is ex-
pected to live up to his promises Of
carrying out the Roosevelt anti-cor-
poration policies. 1t is not to be sup
posed that Mr.. Taft personally would
propose any radical measures, yet he
fully understands the strong public
opinion throughout the country which
is hostile to such combinations, and re-
cognizes that if he does not satisfy the
public desire for action, Mr. Roosevelt
may be summoned to that task three
years hence. AS to the attitude Of
congress, nothing can yet be ascertain
ed owing to the conflict of various is
sues. The legislature, however, is
likely to be more unfriendly than
otherwise to corporate interests, and
there is no doubt that amendment of
the Sherman law will be attended with
difficulty this season. Another depres-
inf no firm q
OF money No particular stringency is
anticipated, but good interest rates
must be expected for some weeks to
come, which is not helpful to bullish
operations when the market is already
upon a high level. The business sit
uation, however, is not without it's en-
couraging features. Railroad traffic
is increasing, and practically all of
the roads report satisfactory gross
earnings. Mills and factories in nearly
all parts Of the country are running
full time The steo. and building
trades still maintain their phenomenal
activity. In a few quarters there is a
slight slackening of the pace as the
rush of the fall trade is over, but this
is not general In the wholesale and
retail trades there is decided feeling
of conservatism among merchants who
often hesitate to enter into future con-
tracts because of present high costs
Of production and high prices Of raw
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1909-12-01

opportunity came. When ~.
si'y arose for the despatchipp .,
trustworthy messenger to c. d
oaiixlo Garcia, in the interior Of a.,
Lieutenant Rowan was seJectoa
General Miles. He Received
lions to visit General Garcia,s 49,.
and ascertain facts regardin,
strength of the Cuban Insurgents o.,
the possibility of their cooperat,ra
with the United States forces :
OF war. He made his way to CAN'T.
camp disguised at one time os
Cuban and again as a Spaniard
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1909-12-01
CONFER ON NEW TAX.
Carrying Out of New Law Will Be
Subject to Discussion.

WASHINGTON, Dec 1.-The carry
ing out of the new law imposing a tax
on corporations, is to be the subject Of
a conference between President Taft
and a delegation from the Illinois
Manufacturers association today.
Senator Cullom made arrangements
for the meeting
1t is said that the manufacturers
intend to ask the president to rec
ommend an amendment to the law in
a special message to congress some
time this winter.
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1909-12-01
WASHINGTON HAS
SUPERIOR LAWS

y
the cowboy is followed by the sheep
herder; the shepherd disappears be-
fore the rancher cultivating an empire
of grain, and the wheat king is doomed
to extinction with the progress Of irri-
cation and diversified farming.
Washinqton's Good Showing.
Farm loans IN Washington have
been developed around the wheat in
dustry, for the great plains of volcanic
ash. Astounding in the Columbia plateau
are the richest wheat fields of Ameri-
ca. Almost destitute of humus, they
still contain an extraordinary percen-
tage of mineral plant food and the soil
in places is from Is to 20 feet deep.
The average rainfall does not exceed
IS inches The crops of 1908 were
harvested on a rainfall of six inches
during the growing season from March
1 to September 80. During the same
time the states in the belt along the
Mississippi, valley and far out to CEN
trail Kansas had a rainfall of 80 inches
or more. and yet they could not pro-
duce the crops that Washington
yielded with a fifth of the rain.
Since the crops are harvested from
$50 to 400 miles from tidewater, it is a
short haul to place the grain aboard
vessels for the Orient or Liverpool.
In corse Iuence of the favorable con-
GItions, wheat growing on an enormous
scale has Jeen practiced in the Pa
lose and the Big Bend districts. y
farmer may work 1000 or 5000 aces,
harvested, with combined harvester
and thresher drawn by 80 or 40 horses
The machine enters prairie of wav-
ing grain, and marks it's progress by
trail of wheat bags falling inces-
sanity from the side Of the combine"
upon the new made stubble.
Foreign Loan Companies There.
Twenty years ago the shrewd Dutch
men who had settled in the northwest
began sending back word of it's great
ness to their countrymen, and it was
not long before mortgage companies
or "hypotheekbanks" were formed in
Amsterdam, Rotterdam and various
other dam Dutch towns to place
loans here.
Mortgage laws of Washington, says
Mortgage and Bonds, are probably the
best in the union. Mortgages and
mortgage notes are by statute exempt
from taxation A foreclosure can be
instituted within "a hours after de-
fault of either principal or interest.
There is no right of dover, and the
more careful mortgage agencies pro-
Tide for a waiver of homestead and
exemption rights, and stipulate that
receiver may be put in possession Of
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1909-12-01
TOOK MESSAGE TO GARCIA.
jor A. S. Rowan Will Retire After
Thirty Years of Service.

WASHINGTON, Dec. To-day, af-
ter more than thirty-two years service
Major A. S. Rowan, the man who
took the message to Garcia" volun-
tarily retired from the army. Major
Rowan was a firse lieutenant in the
Nineteenth Infantry when his great
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1909-12-01
The Well.KnOWn Chinese
Doctors

Can cure the most obstinate disease
by their simple but powerful remedies
derived from roots. herbs, etc, unknown
to the medical science of this country
and their curative powers are unfail-
ing. Here are a few of the diseases
they treat sa successfully: Catarrh,
stomach, lungs, asthma, nervousness,
dyspepsia, liver trouble, lagrippe, con-
sumption, cancer, also private dis
eases of men and women.
Consultation and pulse diagnosis
free. Patients outside of city, write for
circulars and symptom blanks.
YEE G. YORK, CHINESE MEDICINE
CO.
210la West Main ST., Walla WaIIa,
Wash, and 142/a First ST., Cor.
Alder ST., Portland, Ore.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-01-09
SYSTEM
MADE GOLDFIELD

The strike on the Mohawk, in the
HAYES onnette lease started the first
great boom and also started the era Of
leasing which has been the making OF
Goldfeld. But for the leasers the great
possibilities of this district as a pro-
Queer of gold would probably have re-
NAMED unknown for many years. 1t
was the leasers who made the reputa-
ton Of the Mohawk, the Red Top, the
Jumbo and last but far from least, the
Florence. The Florence is one of the
most remarkable gold properties ever
discovered. 1t is a worthy rival of the
Mohawk and up to date has produced
in excess of Sc, ,OOO, of which $1,000
900 has been paid to the parent COM
pany by leasers in royalties. 1t is
only within the last few months that
the Florence Goldfeld company has de-
cided to mine the ground on company
account, all of it's income heretofore
being derived from royalties.
The Goldfeld district has produced
up to the present time, more than $26,-
DOC, 900, and only a very small portion
of it's territory has been developed.
Heretofore most of the prospecting AMI
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-01-09

development has been done by the leas-
ers but the parent companies are now
putting their shoulders to the wheel and
preparing to work onea-Aigantie scale.
The Consolidated company was the
first to begin real mining on an extern
sive scale, although the Combination
mine, before it became a Consolidated
holding was mined on company account
at great profit. For more than a year
no leases have been granted on Mohawk
ground and when the present leases on
other Consolidated properties expire by
limitation it is generally understood
that they will not be renewed and that
no new ones will be granted.
The Florence management has an
nounced that it will not grant any new
leases and will not extend the time of
those now existing. The attitude of
the two great producing companies to-
ward the leasers will merely serve to
encourage leasing operations OF what is
regarded as virgin territory and may
have the beneficial effect of developing
other big mines in the district, hereto
fore undiscoverey because the efforts of
all or practically all the ~leasers, have
been directed toward the finding of gold
within the limits of the .Golden
Horseshoe
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-01-09
FLORENCE MILL STARTS UP

At last the Florence Goldfeld mill
has entered upon it's work of pounding
out gold, to attain which months Of
preparation and nearly half a million
dollars nave been expended. The
wheels of the mill were started this
morning, and a new era of dividend
making then and there dawned for the
Florence Goldfeld Mining company.
The answering confidence Of the
management that the mill will prove a
thorough success in the handling of Il
large tonnage with its forty stamps AMI
in making a close saving of values in
the ores is being well borne out by re-
suits which are apparent. This con-
fidence is based upon the knowledge
that the best machinery of every neces-
sary kind which has been evolved and
proven in modern milling practice has
been installed, and that it has been
placed in charge of some of the most
coinpctcHt anu cAPciichVcu NIL ~
who can be secured. With Chas. 4.
Gchrmann in charge of the mine, AMI
H. G. Morris directing the work of the
mill, there should be no failure.
No expense which was necessary TO
install a plant that should 'do the
work. and prove highly satisfactory
has been spared, and now it is well on
the road to demonstrate its efficiency.
Only ten of the forty stamps were
put into commission ON the start, but
the entire battery will be broken in
as rapidly as possible. The ore now
being handled is from the immense
second grade dumps which have az
eumulated during development near the
mill, and it will be some time before
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-01-09
Continued on Page Five.)

briefly stated, is that we have had
enanglements enough, and do not want
any more of it.
"There are now immense ore re-
serves in the mine to keep the mill 60
ing for years without another foot of
development work. We shall give our
attention to this before we go after
any new ground or greater depth, for
it would be folly to sink down into the
water zone until there is a better res
son for SO doing than there is at pres
ent. OF course we expect to take out
a large amount of high grade ore in the
progress of our work of extracting the
milling ore, but this will be shipped to
the smelters in the future as in the
past.
81 have instructed Superintendent
Gehrmann to have ore bins of the
greatest possible capacity constructed
in the gallows frame, where we have
plenty of room, and as the ore is raised
from the mine the shipping grades can
be dumped into these bins and there
loaded into ears on a track which we
intend to have run to the mill from the
main line a short distance away.
"Now that the mill is completed and
| running, / am going to take a vacation.
| think ! have earned it, and in a few
days will go to Pasa Robes ho-
springs in California. i may possibly
try some others before / return.
"The thing for which | have con
tended a long time is now accomplished
and a working reality. The mill is go
ing, and a future, greater by far than
has been the splendid history of tn
past, is assured for the Florence Gold
field company"
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-01-09
ALL SKEPTICISM
NOW SWEPT AWAY

The extra VACANT claims of irrespon-
sible promoters of wildcat mining COM
panies, whose sole aim was to make
money on the strength of the reputa
ton of the Goldfeld mines by deceiving
the investing public, have had the ma
tural and expected result of creating
doubt in the minds of many as to the
actual value of the Col proper
ties. A little knowledge of the facts
will serve to dissipate any such doubts.
When the records shows that the actual
output of the Mohawk exceeds 10000,
900; that the Jumbo has produced near
ly 100000 with scarcely any develop.
ment; that the Florence has sent
$6,000,0 900 worth of ore to market; that
the Combination has a record of nearly
81, 000, 900 and that a dozen other prop
critics in the district have produced
from 100000 to 100000 each, all
taken within a few hundred feet of the
surface and with millions more in
sight, the doubts of the sceptics will be
dissipated and confidence restored. That
the general public is becoming con
6fOOtIn1oA on pann Etvra