The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1910-11-10
|CKERSTRHH To :
Be PREACHING
.>rnment viii EndsavOr To Prove
IRON Clad Conspiracy To Keep
go
Up Prices.

~ ANnlNOi OtNs NV. ~ nc hoihNo
|.t have been associated with the
oIf Industry In Chicago for a couple
Generations will be called out in a
I||ninal court In the Windy City
|I1o day next January, The day has
0L been fixed. Then will be placed
11er way a giant struggle In which
"a best resources OF the government
wa be used to settle the question
.1ethef there is beef packers trust
11, II SO, whether any OF the multi
.i{lionaires who control IL can be
made acquainted with prison work and
.IIieF routine.
With unlimited cash Mt hand the
.0rons will have the brightest lights
81 the law business in court TO con-.
<Ince the solemn judge and frownins
ury that there is no trust, or II there
one, that the eminent defendants
nave done nothing that would Justify
heir Punishment OF Leavenworth.
. A contest over technicalities Will
mark the opening of the battle and
one and weary days may pass be-
nfn. abe actual trial Of the barons Ia
,t&an. Notions to quash and demur-
.&fn to indictment will be offered and
Xf6 likely to be subjects of long con
marathon.
Indictments were returned against
ne hackers last summer after an In
It1tIgation conducted by Assistant At
I6fIey- General Kenyon, OF Washing
Ion. and United States District Attor'
/eV Sims, of Chicago. The best man
IN ne Bureau OF Investigation OF the
oenartment Of Justice probed the af-
|aira of the alleged trust and pro-
Mead q mass OF Evidence that, In the
0DifIIOn nf the highest law oticers Oh
Ina government. justified criminal
Kenyon and Sims will
.nndnct the case on behalf OF the gov
.tr|Ihent. National interest win cen
|hf Ia the case for the reason that the
.0rH ON trial will be the biggest. In
&<&Ith and influence, that have been
4llNtked in any trust hunt
several years ago a number OF the
.tt&ers were indicted, but they es-
r1ned trial by claiming and receiving
|.t 4. Immunity bath. Their lawyers
&fr1,ed that they had given full infor-
>hafIon regarding their business to
>nnies r. Garfield, who as Commits
homer OF Corporations made an In
4tSfiaation OF the big Four In the
t1cting business, and that that In
'tfnation would not be used in prosei
rniI6n of the packers In court. The
0|nlIh was In accordance with law ana
he charges against the accused men
we're dismissed.
while the locations of the first
|,ti,lhI savings banks, one in each state
ma territory, have been chosen, and
A IL probable that the banks will be
6n0hed et the beginning of 1911, much
Monk remains to be done in the de-
4&1npment OF the system, according
tb one OF the trustees.
a problem that is taxing the trus-
|&64 and the solution of which Is
waited with great interest by bank
En- concerns the deposit OF postal
binds In banks. The law provides that
IS Der cent OF the funds, shall be de-
coSIted in solvent banks, whether or
under national or state laws,
pefhk subject TO national or state
IurBrvision and examinations" The
Nofd "banks" includes savings banks
ma trust companies.
me solvency Of national banks will
orthably be determined by the comp
ROLLER Of the currency, who has
.h1fge OF the national bank examin-
.fa The best method for ascertain
|nR the condition OF other banks has
not been determined. One plan sug-
Ec4ts1 provides for the cooperation
cf The comptroller or some other gov
sf1imental agency with the state bank.
|nr departments.
There are many bankers who are
knxious that the method for determin-
|ne the question of solvency shall be-
|horcugh and guarded to protect i'm.
Dartially the interests of all banks.