New-York tribune., 1911-04-30

c.ded in Portland. Ore. that the Southern
Pacific and the oregon & California Railway
companies must forfeit to the United states
government about two hundred thousand
acres Of land. which is valued at 100000
I 600 to s75, OOO The case probably will
be appealed Interpreting the act Of Con-
gress granting the land AS an aid to rail-
way construction the court held that Con-
gress Intended that this land should be sold
TO bona fde settlers. in tracts not greater
than $50 acres to one individual and at
price not exceeding 81 80 an acre.
Attorney General Wickersham has di-
rected that an appeal he taken TO the SUI
preme Court from the decision OF Judge
Noyes. of the United States Circuit Court
of New York in the so-called cotton pool
case. Underlying this appeal is an at
tempt on the part of the government TO
find a means of preventing the fixing OF
the price of any commodity in daily use
by speculation on exchanges. The Depart
ment of Justice holds that If the counts in
the cotton pool indictment which Judge
Noyes held bad on demurrer are finally
sustained they will be effective in combat
ing every element on either side Of cor
ner.'
The total product Of the automobile in
dustry in the United states increased in
value from s4.74S,OOO in 1899 to sl9i,722,-
6OO in 1909. an increase of 1000 per cent.
In the same period the number Of automo-
biles manufactured increased from 3.72S TO
l1272s9.
Total earnings OF the United States
Steel Corporation for the three months end
ed March 81 were s23,5i92 2O3. it was an
rounced. The directors declared the usual
quarterly dividends of ~ per cent on the
preferred stock and IL per cent on the
common.
indictments against Dan r. Hanna.
Robert l. Ireland OF the NJ A. Hanna Com
rany. and p. T. MoCabe. fourth vice-presi-
dent OF the PENNSYLVANIA road. and seven
teen. indictments against the Lake Shore
PENNSYLVANIA Bessemer e. Lake Erie and
the Nickel Plate railroads, were returned
by the federal grand jury in Cleveland
which has been Investigating charges Of
rebating against railroads and ore shippers
in that region.
THE continued use of saccharin was con-
demned by experts AS deleterious. and the
Secretaries of Agriculture. the Treasury
and Commerce and Labor issued an order
that il must not he used in foodstufs sold
in the United States after July |.
Banking Superintendent orion II. Che
ney told Governor Dix and Chief Examiner
NJ W. Hutchins told tho grand jury that the
only reason the banking department per-
mitted the Carnegie Trust Company to
stagger along after April, 1870 was an as
surance from Andrew Carnegie that he
wouldn't let the trust company go under.
Andrew Carnegie told the grand jury
that the use Of his name by the Carnegie
Trust Company was a fraud and that he
rad never given assurances to anybody AT
any time that he would help the trust COM
pany out Of the mre.
"He blamed Clark Williams. former
state Superintendent of Banks. for having
introduced him to- William j. Cummins.
whom the ronmaster characterizes as
very bad banker
Jacques Lebaudy. The Man Who Would
Be King who succeeded in his ambition
to the extent of crownng himself Emperor
Cf the Sahara has sworn out claim OF
e. .OOO. 600 against the Carnegie Trust Com
pany He alleges that the company by
means Of collusion with men in France
cheated him out Of houses in Paris and do
mains in other parts of the Gallo republic
to the value Of more than 100000 francs
or 100000 United States money