The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1911-04-28

NEW YORK. April 27.-These are
days OF keen suspense in Wall Street.
For several weeks past successive
Mondays have been given up to wait
ing for the decision of the Supreme
Court in the two big trust cases.
With the state legislature threatening
TO pass a bill directed against the
Stock Exchange and Congress ponder
ing legislation against future trading
that will seriously affect the business
OF the Cotton and Produce Exchanges,
the traders in the financial district
have plenty OF worries aside from
those occasioned by the small amount
OF business which they are called upon
TO handle. In one respect. however.
a decided change is noticeable in the
attitude of the leaders of corporate en-
terprise. This is in relation TO the
state regulation OF public service cor
po~rations. The new attitude in this
respect was strikingly expressed by
Theodore n. Vail, head of the tele-
phone interests, in connection with his
annual report. Public control or re-
gulation OF public service corpora
lions by permanent commissions has
come n come to stay" said Presi-
dent Vail. Such control can and
should stop all abuses OF capitaliza-
ton, of extortion or OF overcharges, OF
unreasonable division OF profits. There
should also be state protection. Gov
ernmental control should protect the
investor as well as the public. II
should ensure 10 the public good SER
vice and fair rates. II should also en-
sure fair returns TO the investor"
There is a very evident tendency to
accept this condition and e insist up
on the adequate protection OF inves-
tors through state regulation and the
provision OF adequate rates TO permit
n fair return upon capital. Such men
as George w. Perkins. Jacob II. Schifr,
b. +. Hoakum and others OF equal IN
huence have one on record as en-
dorsing this position. Three years ago
Mr.. Vail expressed similar views. but
at that time few other leaders OF the
financial and industrial world agreed
with him. But several things have
happened since 1908 to change the at
titude of the captains Of finance in
relation to this subject.
Having experienced cold storage
eggs. cold ctorage meats. cold stor-
age chickens. and cold storage edible
products without limit. New York has
now discovered the evil OF cold stor-
< flowers. Many a bunch of high
priced blooms. IL now appears. though
seemingly fresh picked. may have
been I'm cold storage for five or six
months. Particularly Is this true Of
v~iolets, for which the season is Just
ending here. and many an ancient
bunch picked half a year ago Is now
disposed Of TO the unsophisticated pur-
chaser. In appearance the cold stor-
axe blooms. like cold storage eggs.
having nothing OF which TO be
ashamed. II is in their odor that the
danger turks. The ancient blossoms
picked in the dull season lose all their
sweetness Don after being placed in
cold storage in the fall. When they
are taken out Of the cold storage
chambers in the spring they must be
a%rtifcially scented. Violets. for in
stance. are impreEnated with violet
extract. just as a handkerchief might
be perfumed. Not only IS there dan
ger OF a certain kind OF poisoning
from smelling them, but they hold