Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-11-01
.. 5. CONFIDENT N
STEEL TRUST CASE
DEPARTMENT. OF JUSTICE NOT
WORRIED OVER OUTCOME OF
PROSECUTION.
KNEW WHAT IT WAS DOING
WHEN ACTION WAS BEGUN
Every Step in Case Carefully Thought
out-Demoerats See Hope Of Carry.
ing Next Presidential Contest as Re-
suit Of Elections in New Mexico and
Arizona.
Especial correspondence

Especial Correspondence
Washington, Nov Assertions that
the government has no case against the
United States Steel Corporation and
that when the end comes it Will be
found the corporation has not violated
the Sherman law are fatty at varl-
ance with the talk about the depart
ment Of Justice Officials there say II
will be Just as well to disregard as
sertions Of this kind or at least take
them with q grain Of salt
The policy of the department in re-
spect to antitrust suits, as set out by
officials at the department of justice,
is not to .'go out on a limb" when con-
siderinp the question of whether to
bring suit under the Sherman law. IN
recent wears. the department has in
yesticated many trusts and alleged
trusts. In a number of these cases the
Investigations have simply been drop
ped for the reason that the attorneys
In the department satisfied themselves
that proceedings were useless ana ina
there was not sufficient evidence OF
rant an attack.
The department has not entered IN
to this suit against the steel corpora
tiGn" said a high official OF the de-
partment. without a pretty dstlnlte
knowledge OF what it was doing. II
has not been led one way or the otner
by newspaper comment. 1t mas gone 10
work to investigate the facts ana 1he
suit which has been filed is based on
the belief that under the facts and the
law the suit is justified and That the
courts will hold with the government
Nobody need suspect that any step has
been taken in this case without having
been carefully thought out
Democratic politicians profess to pc
I!eve the coming elections IN botn Ne"
Mexico and Arizona are going TO De
highly encouraging to the hopes OF the
democrats to- carry the country next
year.
1t has been generally expected the
democrats would carry Arizona but the
republicans have expected to carry
New Mexico. Because Of the fact, now
ever, that there is an insurgent repuo-
lican element in New Mexico, the dem :
ocrats have had their hopes tortured
recently and think it quite possible
they may capture both states.
Such a result would be looked on as
highly important as a political straw.
Moreover, it would be expensive busl-
ness for the republicans fnasmuch as
1t would add four democrats to the
senate instead of having two demo-
Gratis and two republicans from the
new states as has been generally anti
Grated and as the republican leaders
in congress have been figuring upon.
The nominations have been made IN
both commemorative and the cam
paigns are now under way. They are
expected to be animated. In view OF
the unexpected strength Of the demo-
Gratis in New Mexico the republican
national committee will doubtless take
hand. To lose New Mexico would
weaken the republican hold in the cleo
tcral college as well as in the senate.
Uncle Sam is not starting out the
fiscal year in an especially prosperous
fashion. The treasury condition is
fairly good, when the proceeds from
Panama bonds are taken into account.
The revenue, however is running to
some extent behind that OF last year
up to the corresponding date.
II one leaves out Of account the pro-
ceeds of the Panama bond issue and
considers ordinary receipts and dis
bursements, it is found there is a
deficit thus far in the fiscal year of
over $4,000. 900. This is $4,000 900
heavier than the deficit was on the
corresponding date last fiscal year.
Taking into account all income and
outgo and considering the income
from the Panama bonds, the deficit is
s4647,Ss9 The deficit year ago.
when there was no bond issue, was
over $22,O0o,oO
One of the phases Of the treasury
situation that is not reassuring is that
customs receipts are falling below last
year. Up to date, they have been ss4,-
600. O0O. as against s102,O00.0OO for the
same period last year. The internal
revenue receipts are running about the
same as last year. In fact, they are
running SO close together as to be
! striking. Last year was fourishing
year for internal revenue receipts and
1T looks as II this year would be just
as good. In other words, 1t appears
the public is smoking and chewing
jand drinking beer and whisky with as
much facility and abandon this year
as 1t did last This will not be good
news for believers in temperance and
/ foes of tobacco but the figures seem
/ to prove it.
| One respect in which the revenues
last year were enabled to make bet
1 ter paper showing than this year is
in the receipts from corporation tax
due the fiscal year preceding. This
year, the taxes came in readily when
due, owing to the supreme court de-
cision as to the validity of The law
They were nearly all collected before
the end Of last fiscal year. The result
is less than $2.000.0oo has been col.
Ilected In corporation taxes this year
Last year. to this time. over $t,000,00t
had been collected.