The Bad River news. [volume] (Philip, Stanley County, S.D.) 19??-1912, 1911-06-08

he will therefore sort the mail and
sell the stamps for Uncle Sam at
the Vermilion Office. Reports re-
ceived here are to the effect that
everyone is happy over the way
the matter was handled.
Washington does not regard as
serious the reports appearing in
the public press, and coming from
South Dakota, to the effect that
the nomination of Judge Elliott
will fail of confirmation, and it is
not unlikely that before this cor
respondence reaches it's readers
that the senate will have acted ia
vorabIy upon the recommends
ton. The reports all grow out of
the refusal of the senate to con-
firm a former nomination of Judge
Elliott to a place as United States
District Attorney; but this matter
cannot be regarded seriously as the
action of the senate at that time
was at the instance of former
United States senator, whosecOurse
was prompted largely through
personal consideration.
The ''ins" and 's'outs' of great
propositions are called to mind in
the case of the statements of John
W. Gates, who appeared before a
Committee of the House of Repre-
sentatives. and gave facts regard
ing the birth of the steel trust.
One would have supposed from
reading the newspaper accounts
throughout the country, that there
was vital interest manifested in
the disclosures, if such they can
be called. As a matter of fact,
Mr.. Gates gave his story in a quiet
conversational tone, and practical
ly the only persons present outside
of members of the Committee,
we're newspaper reporters, and the
confidential opinions of these gen.
tlemen were to the effect that Mr..
Gates had disclosed practically
nothing of consequence. This is
the inside! The story that went to
the public was that Mr.. Gates had
related startling things, and Great
ed sensation after sensation, which
had aroused his hearers to high
PITCHES of excitement. However,
Mr.. Gates said a good many things
that we're really important, but
which all had long since been given
to the public. The substance of
the entire matter is that the story
was again related as to the manner
in which the steel trust was form
ed, growing out of the refusal of
Andrew Carnegie to abide by q
'gentleman's agreement. "The cor
poration paid to Carnegie $780,
100000 for his property although
he had previously offered to sell at
SIG, 100000. John d. Rockefel-
Ter was frozen out, and was oblig-
ed to sell his holdings at forty
cents on the dollar j. Pierpont
Morgan also became frightened
and a conference was called at his
home in New York to deal with
the canny old Scotchman, who had
the situation so thoroughly in hand
that the financiers of the country
were aghast at the stupendous dar-
ing of his enterprise. Mr.. Gates
testified that he told Morgan that
Charles Nj. Schwab was the only
man who could stop Carnegie.
Get Schwab, said Morgan, and
the future president of the steel
trust was brought to the midnight
conference in Morgan's home,
where everything was adjusted.
There is a good deal of specula-
ton As to how long the present
session of congress will last as the
business of both Houses is still in
a formulative state, and many
weeks will be required to finish
the session. There has been sug-
gestion as to recess from July to
October, but it is not likely that
such y course will be followed, as