The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1909-08-05
che suspicious OF one OF like character.
n. W. Taft Appears In New York.


trust matter are recalling this CORE
spondeDce with not little interest
The firm OF attorneys with Washing
ton connections" was Strong & Cad
walader, OF which. at the time Mr.
Earle wrote. both Henry w. Tart. &
leading counsel for the sugar trust In
all the litigation growing out of the
Segal loan. and George W. Wicker
sham. the present attorney general.
were members.
The fnct that Henry w. Taft is an
attorney OF the sugar trust In this
Identical Segal case, thus involving the
Inv firm OF which Attorney General
Wickersham was member. raises an
interesting question as to what the
present administration will do toward
prosecuting the trust. Judging by the
vigor with which Collector Loeb pro-
ceeded against the same trust In the
matter OF the short weight frauds the
law business Of Henry W. Taft and of
the arm of Strong & Cadwalader will
have little or no influence on President
Taft, and the prosecution will go for
ward with the same vim that marked
Receiver Earle's case. II private In
diyIdual could accomplish what he did.
what could not the United States gov
eminent accomplish II 1t proceeded
against the trust with all It's great
power? One OF the most remarkable
interviews that have appeared In
years grew out OF this identical suit.
1t was from no less n man than Sam
uel Untermyer. the famous corporation
lawyer OF New York, who was re-
tained by Segal. Mr.. Untermyer stated
In effect that the government. If 1t
were In earnest. could not only sue
prosecute the sugar trust, but
many other gigantic corporations that
pursue the same methods. That inter
view took the lid of.
Whatever the government does. how
ever. George III. Earle has given the
sugar trust staggering blow. He has
not alone wrested from 1t many mill
lions OF dollars. but has shown the
country what can be done In curblng
criminal combinations by any man
who means business. That perhaps is
the greatest service Of all. Moreover.
ne has put the Real Estate Trust Com
Dany OF Philadelphia on its feet, thus
'aving the money OF thousands Of in
locent depositors. and has made 1t
for the Pennsylvania Sugar
Refining company to open Its Camden
llant and resume business. For his
services 10 the trust company he was
elected Its president.
Other Concerns Saved by Earle.
This is but one OF long series of
offering or wrecked Institutions that
George Ii. Earle, Jr., has successfully
Among the others are the
pennsylvania Warehousing and Safe
Deposit company. which he took when
Is stock was down to IS per share
nd by cutting out the dead wood. ju-
Ilcious buying of wharfs and bust
less principles brought 1t up until its
took is In the neighborhood of 500
'er share the Finance Company
4 Pennsylvania. which needed a
trong bracing and In Earle's hands |
ot 1t; the Tradesman's National
dnk. which got into deep water with |
IS stock down to 80. called ON Earle. |
1us set on Its feet and now is above
ar: the Market Street National bank.
which was floundering. sent out a hail |
Or Earle and Is now selling at pre-
mum of 60: the Reading railroad.
'hich the last time 1t failed was put
IL a., NIL,
* +. 0lcott of New York; the Chloe
NV. Oklahoma and Gulf railroad,
'hich struck slump and went under.
ut with Earle as chairman Of its com
littee OF reorganization has been
lade paying property, and the
hestnut Street National Bank and
rust company. involving the owner
alp Of the great newspaper, the Phila-
elphia Record. all three of which Mr.
arle. with the help of one other re-
alver. put back into fiourishlng con-
tion. although the bank and trust
,mpany had actually failed and the
lper was heavily involved.
This noteworthy triple success was
arhaps Earle's greatest achievement
p to the time that he reinstated the
eal Estate Trust company and the
Sugar Refining company
I'd forced the sugar trust to disgorge
'veral millions OF money. credits,
ocks and bonds. And now. after the |.
nous street car strike In Philadel- !
lia. Mr.. Earle has been asked by the
ayor and councils to take charge OF
Ia situation and In a letter that
,ldly outlines his views and cuts to
e heart OF the question has consent
to do so. The regard with which
is held In Philadelphia IL shown by
g fact that since his appointment q
tblic confidence that the traction {
Iestion Is at last In the hands Of a |
an who win solve It has been gener-
" expressed. The same trust in his
'ility and integrity was displayed
vernl years ago when he took charge o
failed trust company. The man. c
r IN which this particular failure d
d been brought about had enraged v
2 deposltors. large numbers OF whom I
tered suit. On Mr.. Enrle's mere APP Il
al these suits were all withdrawn. e
was given complete voting power
. the depositors. and he finally paid D