New-York tribune., 1911-02-05
GENEROSITY OF A TRUST.

Action was taken b. the Diamond Match
Company. the largest producer of matches
in this country. which probably means the
banishnent from the match factories Of one
oe the most serious of what are known as
'cccupational diseases The Diamond
Match Company. at the request Of President
Taft, granted free use Of its patent for q
STYLE Of match that does not call for ma
| terial poisonous to the workers. This &C
1 ton. T. Is believed. removes the last objec-
| ton 10 the bill introduced in Congress by
/ Mi Esch Of Wisconsin, for the purpose Of
abolishing the manufacture ot the present
/ poisonous style of match.
! "The Hartman lines made known plans
FOR the expenditure Of s75 o00. 900 IN double
tracking the Union Pacific and Central Pa
/ c.hc lines TO the Pacific Coast. and Of a fur
ther large sum for extensions and branches.
/ and at the same time announced that they
arc going to provide at once the facilities
which the public needs. and will rest con-
tent IN the belief that the public will deal
fairly by the railroads in the future.
The Standard Oil Company won victory
In the first libel suit it has brought Here
tofcre Il has maintained a policy Of silence
IN the face Of attacks, but when 'Hamptons
Aiaga zine published an article this month
written BY Cleveland Moffett called Cas-
sidy and the Food Polsoners,' in which the
company was traduced. II began actions
totalling t350000 against the magazine
and the writer. Th. brought out retrac-
tons complete and unqualified, coupled
With apologies from both defendants"
IF everybody that has accused Standard
Oh Of wrongdoing should now retract and
apologize. what mighty burden would be
laid upon the nails exclaimed Busy Man;
but don't let me interrupt you
"The investigation into the affairs OF the
Carnegie Trust Company by the State
Banking Department and the District At
tcmey's Office was made public in part, dis
closing some Of the most involved high
financing seen here since the days of dunn
ny loans before the panic Of 1907. Loans
Of approximately $4,000 900. according TO
the preliminary reports Of the investigation,
gre apparently standing on the books Of
tire Carnegie Trust Company against the
group headed BY w. j. Cummins and Joseph
T. Reichmann. who were most active in its
directorate
"The report Of ex-Judge d. Cady Herrick,
| as referee IN the action brought by the
/ New 1DIk itlllIdtl q 1luucOI hlNti ran
road Company for a permanent injunction
enjoining the city from removing the COM
panys tracks in Eleventh avenue, was
unanimously upheld by the Appellate Divi-
sion Of the Supreme Court The court sus~
| talned the point made by the referee that
! the city had no power 10 abolish the fran
chise rights OF the company IN the streets,
as the railroad had obtained its power from
| the state.
Eugene p. Thomas was elected nresi-
dent of the United states Steel Products
/ Export Company succeeding James A Far
rell. who became president Of the United
States Steel Corporation on February l.
The total earnings OF the United States
Steel Corporation for the three months end
cd ON December 81 were only s25,9go,97S.
according to the statement made public
following the quarterly meeting of the di-
rectors. These earnings were the smallest
for any December quarter since 1904 when
they were $21 ,466.6 .632.