Fort Mill times. [volume] (Fort Mill, S.C.) 1892-current, 1911-05-25
Washington.

Washington.
The principle OF arbitration on prac-
tically all disputes between nations,
including even questions OF vital In
terest and national honor, assumed vi
tality when Secretary of State Knox
submitted to the British and French
ambassadors at Washington the draft
OF a convention to serve as a basis
of negotiations.
A petition for the admission OF Ha'
wall as a state was received by the
senate from the Hawaiian legislature,
and referred to the committee on ter
ritories.
While there was much qualification
in administration circles over the Su.
preme court order for the dissolution
OF the Standard Oil company, which
had been declared "an unreasonable
combination and monopoly in re.
straint OF trade, there unquestionably
was also some misgiving as to the
Interpretation of the antitrust law
giving TO courts the right to deter
mine whether or not monopoly was
reasonable" and declaring a reason.
able" monopoly not to be in contra
vention of the statute. President Taft
who a little more than year ago In
a special message to congress declar'
ed that under Supreme court prece-
dents there could be no such things
as reasonable" and unreasonable"
restraints of trade, or in other words,
good trusts and bad trusts was
said to have been rather keenly dis.
appointed that the court should have
seen fit to reverse itself in this i'm.
portant matter.
Secretary MacVeagh invited popu-
lar subscription to $4,000 issue OF
government bonds 10 reimburse the
treasury general fund for expenditure
on account of the Panama canal. The
treasury officials expect the loan will
be largely oversubscribed. and in dis
tributing the new securities, the gov.
ernment's announced intention is TO
give reference TO smallers bidders.
The new securities will be at 3 per
cent interest, payable quarterly; will
be free from all national, state or mu
nicipal taxation. and will be in demon
nations of s100,S500 and $1,000. They
Will be dated June /. 1911, and will
be payable in fifty years.
The supreme court of the District
OF Columbia instituted proceedings fol
alleged contempt against President
Samuel Gompers, Vice President John
Mitchell and Secretary Frank Morri
son of the American Federation ol
Labor. The sentence Of Imprisonment
imposed upon these mon by this court
was revoked by the United States Su
preme court. Mr. Gompers when tolC
/ of the action said Justice Wrigh
can go Just as far as he likes. liz
will find we are not running away.
Although the special session OF con
gress is but little more than a month
old, talk of adjournment has already
become general. Republicans in bott
branches have been limiting that {
recess during the hot weather woulC
not interfere with legislation, while
many Democrats in the house are be
ginning TO believe they will be en-
| tirely through with all they care L
enact of their legislative program il
another month.
The Standard Oil Company of New
Jersey and its nineteen s.bsidiar!
corporations were declared by the Su
preme court of the United States Il
be a conspiracy and combination il
restraint of trade. 1t was also helC
to be monopolizing interstate com
merce in violation Of the Sherman
antitrust law. The dissolution of thu
combination was ordered TO taxi
place within six months. Thus endet
the tremendous struggle on the par
Of the government TO put down, b.
authority Of law. a combination whicl
il claimed was menace to the in
dustrial advancement Of the countr.
Samuel Gompers, John Mitchell ant
Frank Morrison, president. vice pres
!dent and secretary OF the American
Federation of Labor. respectively
stepped from without the shadow @
Jail when the Supreme court Of tn
United States set aside their ser
tences of Imprisonment for contemp
growing out of the litigation betweel
the Bucks Stove and Range compan.
and the Federation. The highest trib
unal In the land has left with ths
lower court. however, the right to re
open the contempt proceedings. This
grant or power was accepted by the
| District supreme court.