davidaulloa/AmericanStories huggingface dataset:
The evening herald. (Klamath Falls, Or.) 1906-1942, 1912-04-25

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The evening herald. (Klamath Falls, Or.) 1906-1942, 1912-04-25

Aso ~ loAoeosle0 HIl.AlaAfu
.:::;: =: :.,::::s .::;:' NF' ~: -
The Washington times., 1912-12-19

all those that we considered Ourselves
the nscal agents for
s.You've been acting for the American
Telephone 2. an and y Te!esraph :! Company
you have have no agreement In writing
WIN Aho.a them"
And also the Southern railwsy?..
Yes, ever since the reorganization
but But your data says you are not act:
inR for that company. ! suppose that
company Is under voting 'ro'''
~ VINO 10. are s,,.. tn. }. voting tru't's'''.
YYss Ysss :rs :ns ias H. 3 s.sss sssm and Mr.. .n.r
Rsorsaaissd Railroad.
Morgan admitted his firm reorganised
the Northern Pacific railway under .
voting trust.
II have produced here the report Of
the voting trust on the Northern Pa.
cific and the Reading" said the Wit
ness. II would like to have them In
the record as they are very important
showing the benefits Of the voting
.Morsan's lawyers laughed at this
':iy ais!s on account Of their Stewardship" :"
Attorney LndsSnryy n y:yar SnuefhE cf ,h,:
sort Of administration" asked untsr-
"ssYY'e;s. l am .ull acting for these con. @
Their fsrouSS sseIrfs ,ny sanE ass o''
Pressing the witness; Untermyer de-
veloped that there might be other cor.
porations for which the MorEan arm
setting with whom they IA srS So%n no &c, Sy
corfbssSTaosoSet bol',s yoS think !. would be better
for the railroads II they were free to
Instead Of being tied to. any banking
h6use?' tIntermyer. asked.
II shouldn't think SO: no. SIR" ans.
wefed Morgan promptly.
tie. o' of he 2Su southern & , irs,irosd. for N:
seives?" Untsrmyer prodded.
| Deal With Themselves.
I"I don't think 30. We don't deal with
ourselves. when you elect the board.
they vote Independent Of the trustees
Morgan said It was better TO have his
arm name directors Of railroads the
firm controlled.
because" he explained. I'VE get the
best men possible. I'm speaking from
q board point Of view."
Then you think you have less con.
troll over them that way than other.
wiser"
And It's On That theory you have
no objection to hscai asreements?"
yes" he declared finally.
"YOU issue hundreds OF millions oi
securities a year,"
I Don't you think It feasible that the,
should be sold by open competition
nnn.,,!, IKE United states and mu"'''pa
"I do not"
Don't you. think there should b.
some composition between the bapk'
und original purchasers"
shouldn't the companies be able e
have other banks compete with You II
order to get a higher price?'
d Don't % You u think it ought to b,
'"No, ! don't"
Gntermyer framed his question in an
And there's another point that
think of'-besan Morgan.
4 Insists On Answer.
. Answer me please" insisted Cnter
myer.
II don't think so." the hnancier ans
: wered meekly.
,"Now," said Untermyer. what wer
you going to say?'
It's gone out OF my head now" tn
. ana meier replied. waving his nand.
IL ."You must remember that securitie
sold are not always too good" he con
: tinued a moment later.
I THAT wouldn't be applied to the New
= Haven"
"No, there's something In a name 4
protection OF the bOnds-in case Of r.
organization to make them good: tn
n sponsibility."
The Washington times., 1912-12-19

fault on interest. the property pays the
expense Iwn: Of Sr I!sorsani'at'onF
"Aii this time the banking house Isn't
iSsinE ,s,1nEE.nsy. any money through ''s error o'
I'd Isn't always an error Of juds-
"Tne house doesn't suffer any lo.sY'.
sonS:',. "xs:, IT may 1t must protect 'n'
"But they get their money beckY''
mot always" said Morgan, laughing.
Can't Name Instance.
"Name an instance" unter'nyer chal-
II don't recall any. but there have
been"
"Under this fiscal agreement with
United states Steel has your Arm issued
many securities?"
mot . great many"
"You did issue SibO. .ooo.Oo Of convert
ible bonds oncc?"
Eyes"
"And In taking over other properties?''
Possibly. ! don't remember"
"At the dime Of the organization Of
the United States Steel did you namc
the entire board Of dtrectOrs?"
| u think ! passed on them"
"Didn't you pass out a slip OF all the
Nobody assisted me-" said Morgan
entire responsibility"
Didn't YOU say who should 20 on the
board and who should stay orr"
gan. and the COZ Committee NIL laughed. ~
That's twelve or fourteen years ago.
YOU must remember." he added.
Il will say this" the witness. went on
;s,.lfy,ns; his Anger on the IiS fnsir who
Nobody went on until you ap.
,ss Sses n.nsisr niysn .xse.nS Sssn ns;e'
THE elections dre made by the
board" said Morgan.
But the board Is named by you.''
Not Ss,,s,,;. DOW. Nobody 10 named against
who passes on voting. proxies?"
| The committee. Of which my son Il
member. Mr.. Perkins was for a time
ws, ss,ora 2. that sndS.
cier.
Continuing. the witness said the steel
company finance committee Ia In fac,
You euenavs named fSnlsise %r asSy for chairman
Very likely: ! don't remember"
While ON thi. question Of the Stee
trust'-whO fxed the prices?''
OF companies forming steel corpora,
''oS;" aY..."
Il approved them. Sometimes
couldn't get the price I nxed."
who put Mr.. Perkins at the heaS
OF the finance committee?"
He did II himself
Il can't recall all these things" h,
continued irritably.
Very likely you can't" Untermyei
rejoined .arcastically:
Who decided ]. +. Morgan & Co
should be agents for the securities?'
eral laugh.
Morgan said he said he knew Of onl,
few buying pools or syndicates In tn,
Steel case.
There have been many syndicatei
formed without our knowledge OF it,"
DO you know Of any OF your firm?'
u can't recall any at this moment"
II don't mean to imyly anything.
III take any exceptions to you
questions III tell you So" Morgan sal
frankly.
Unter,nyer next turned to underwrit
, ing OF securities.
YOU do undcrwrite large issues"
NO. we offer them to the public. an
the public takeE them" MorgaE parrie
deity.
I'VE form an underwriting syndicat
and sell the securities for the com
pany.'
"some times you buy them ou,
Yes; then ,,.,y we sell for the 'ynd'cat
Q ,- You've ;,.s a i'ss of people you 'nv's
; Yes. but We do not always go by II.
The Washington times., 1912-12-19

SI.as Baltimore and Return, Baltimore
& Ohio. Every Saturday and Sunday.
Good to return until 3 a. m. train Mon
day. All trains both ways, including
the Royal Limited.
The Washington times., 1912-12-19

Give Flowers This Christmas.
Beautiful Blooming Plants and fresh.
cut homegrown flowers at Guides. l?lA
C.-Advt.
The Washington times., 1912-12-19

reveal to one institution the secrets and
business Of another. He didn't succeed
in making thi. point at o.! clear 70 Mf.
rsctors dId their aq duty isH they ; mus, know
the business Of all banks In wnich sney
svsr sxeu; ns. % cosrn1;,s1o, W. ~ not injured.
80 vnss.S thss ~ ro,,iS rsther have
free re- competition In tSis regard, than
not
sx.,t AZ Hss,;os.
Moresn went INTO the committee roon
sy nj. son. ). Pi.rpon. Morsan; n r.: and
me dsusn.er. Mrs. s;s sss,s.,es -. m1 mo. " -
cier leo the way sw,nsns n,s cae .s III
.lIs y. h.,; :; :, -. ,,,n, ..,, o,,,,. ,,,r..,
section m Between @ nis dsushtsr and De
Lancey Nicoii. one Of the array Of
Mor.an counsel; 100000. .,...s.,
for few w., mS%s,,Ss en-. x. corr,,,.. state.
ment Of tho total amount OF your de.
posIts on November I. 1877" was Cn.
~: = h haysn. @ II here e. AZ should nuls.t think nix
piled.
The nnnncisr, prcmiesd to furnish y ;n.,.I,, shs
on deposits. 49,.
m. A,e when HSh are srsssSs Win q
some Of them"
p,.u,... r. civs Lat.
Eo"asss ~ WV .':''
Morgan promised to iurn,sn s,ns ssa.T, Ma"S
IA % d,r.ctor, @
"yv. ,,,ii v,v. vo, ANYTHING Of that
We WI, sNo ~ ~. .a,,".s..,,, ~
Kind. saiu the banker, court.ousy.
The witness said the Phiiaoeiph'a
branSh. Drexs! 2 GO. ,,rnish UeHeh'eS Al. % sram
that branch,
Have you the same system In Lon
dcn ane fHs a,, .., .x,.p,"
..f. ,.,,t ~ AZ Hs imnos.,hie to shov them
herer' ''' ~.
practically SO. We don't keep those
| accounts here. .s a.. ,,. ar,,..
e.onI ag.nc,. % con,rctr
I've teieEraphed. for copies over
night," said Morgan. There they are
-copies-in wossections the New YORK M
Haven and allied lines.'' =,
How many Of these agreements nave
YOU
"That 10 all except by tacit agree.
ment. We act for the steel trust eIt =
Or others. It's all by correspondence
or word OF mouth
Untermyer then read the scs fiscal SsH,rS, sEe,nSy,
agreements with tne rev ,f fo.k, ,Sst S" me
into. the RECORD. They IeSMea s sLs,;n9
firm was gwen q secury y. IN ssn, ~
monopoly, cnertnG up 70 70 per cehs ",
the issue 70 the pubic IN ply prV ,no,,
fcr cance,a!'o%n % ~ the asFe'"e"' ''''
tnirty osya nouSSG -. ,her that "
| There was nothing more thah t"a''
explained MorGan. 49, ro,,road
| Il am memoer 81 tne NnA
finance committee the Witness eo"-
tinued.
| m HoaYd Manv Years,
a..
You nave been me"oer VI '"s
board OF directors for great many
yearsT'
1 Aoou' .h' .. a.. ,,.c,,
o g. s,... .te .x,,u.iv.
asreemeh's ksse .s wv ~. s,rrs
-. go.
WI" ~"'e" ..'eS
Morgan. after rev minutes u .ne
! questioning. settled more comfortably
in his chair. and thrust his hands into
his trousers pocket displaying a capa::
cious waistcoat over which was draped
a thick watch chain.. with q cameos4l
and little gold box that hung near ~
neck. He constantly put on and took
Off n Datr OF hOrn.ftmmed SpeCt6CIeo.
The Leon reporter. (Leon, Iowa) 1887-1930, 1912-07-18
OUR WASHINGTON LETTER.

(By Charles H. Tavener, special
Washington correspondent of The
Reporter.)
Washington, July 13.-There is a
vast difference between the plat
forms adopted by the republicans at
Chicago and the democrats at Balti-
more. The republican platform is
thoroughly reactionary and stand
pat. 1t does not concede that the
last republican administrations have
erred in their tariff policy, notwith-
standing the almost universal YER
dict of the, country to the contrary.
This platform still pirates about
protecting American workmen,'
and maintaining the American
standard of wages when every cit
izen with grain of intelligence
knows that both of these are shams
and hypocricies. The republican
platform also is evasive, so that in
the remote event of republican sue
cess at the polls, it should be inter-
preted in any way the high tariff
bosses might want it interpreted.
The democratic platform, on the
other hand, is specific and definite.
1t pledges the party to an exact pol
icy, without any attempt at evasion.
1t promises, not to revise the tariff"
but to "revise it downward. The
wording is so plain and SO definite
that a child could understand it's
meaning and intent. Here, briefly,
are some of the important promises
in the democratic document:
IA tariff for revenue only. I'm
mediate revision downward. Trust
products to go on the free
list.
2-Civil and criminal prosecution
of trusts. Laws to stop monopoly,
and stock watering. Amendment to
make the Sherman law effective.
ga demand for the ratification
of the amendments for an income tax
and direct election of senator's.
Publicity for all recommended
tions on which presidential appoint
ments are made; for the ownership
of newspapers, and for all campaign
funds in national elections.
presidential primaries and
popular election of national commit
teemen. The use Of money by cor
porations at elections to be made un-
lawful - .. s-
GA single term for the presi-
lent. ..
7-Supervision of railroad, tele-
graph, telephone and express rates.
S-Revision of the banking laws
% prevent concentration and misuse
If money No government deposits
n favored banks.
Claws to improve the rivers
Ind prevent floods.
10-Restriction of the judiciary
o it's proper functions.
philippine independence, and
erritorial government for Alaska.
Trial by jury in cases of indirect con-
empt. Encouragement of the mer-
liant marine but no subsidies. Par
els post and postal express, and ex-
ension of rural delivery. Conserva-
ion that will not interfere with the
lights of bona fide settlers
Extension of the civil service q
The Leon reporter. (Leon, Iowa) 1887-1930, 1912-07-18
NO MORE BILLTNGSGATE.

There is one political prayer ir
which all self-respecting Americans
can join. That is, that when the real
campaign for the presidency begins
it will differ as widely as possible
from at least one of the preliminary
skirmishes for the nomination.
The contest between President
Taft and ex-President Roosevelt was
spectacle which will keep Ameri-
cans blushing for years. The man
who was twice president of this re-
public had to import the phrase of
the prize ring and barroom to ex-
press his contempt for his successor
in that high office.
The successor, while less culpable
in beginning the strife, did little to
uphold the dignity of his office once
that strife was fairly under way. It
is bad enough to have our president
called man of straw without hear
ing him apply that term to himself;
and the comparison of the chief
of the republic to a "cor-
nered rat is one which might at
least be left to his enemies to make.
In the opposite party, one is glad
to say, the preliminary skirmishes
were at once more logical and more
polite; though the chief hacker of at
least one democratic candidate
seemed to have got his education
from the "bull moose" dictionary of
abuse.
These things were inexcusable
when they occurred. They will be
if repeated.
There are issues in this campaign.
Not for years has so clear a line been
drawn between the platforms and
of two great parties. All
he genius, all the energy, all the
skill which champions of both sides
IAN muster may be spent with profit
n discussing the real questions in
'olved in the coming election.
IT this sober argument is again
disturbed by volleys of billingsgate,
he American voters will know how
o deal with the OFFENDERS Chicago
Journal.
The Leon reporter. (Leon, Iowa) 1887-1930, 1912-07-18
and no Arrangement of the right of
federal employees to petition for re-
dress of grievances.
Notice of Appointment of Admins.
traitor.

In the District Court of the State
of Iowa, in and for Decatur County.
In probate.
In the matter of the estate of
John L. Young, deceased.
To Whom it May Concern:
Notice is hereby given that the
undersigned has been appointed and
has qualified as Administrator of the
estate of John L. Young, late of De-
catur county, Iowa, deceased. All
persons in any manner indebted to
said deceased or his estate will make
payment to the undersigned; and
those having claims against said de-
ceased or his estate will present them
in manner and form as by law re-
quired, for allowance and payment
Dated this 5th day of July, A. D.
1912.
JAMES w. HURST,
47-3t Administrator of said estate.
The Leon reporter. (Leon, Iowa) 1887-1930, 1912-07-18
COLLEGES AND PRESIDENTS.

"Of the tWenty-three men wht
have been elected presidents of the
United States, only seven-Washing
ton, Jackson, Van Buren,, Polk, Tay
lor, Lincoln and Cleveland-had no,
had the advantage of college train.
ing"
So writes a solemn gentleman
whose thesis, as far as it can be di-
entangled from his words, seems to
be that only through college educa-
ton does one become fit to hold high
public office
Only seven presidents have not
been college men. But such a seven!
Observation-Disclosures he sits is
the head of the table; Jackson-in-
carnate fighting man of the west,
who won one of the most splendid
victories and gave one of the most
successful administrations in our his
tory; Lincoln-the emancipation, the
foremost American, the glorified
common ,man-these are three of
the presidents who didn't go to COL
lege.
How many men like Buchanan
and rays-nay, how many like even
Monroe and Mckinley, would it take
to make a majority against these
three alone?
And do not forget Grover Cleve-
land. Bitter as is the controversy
which still RACES over his name, he
is the greatest figure that has filled
the presidential chair since Lincoln,
saving Grant alone. Grant, strictly
speaking, was not college man,
He was a graduate of technical
lighting school.
We have had three presidents
Who by common consent are ranked
head and shoulders above all the
'est-Washington, Jefferson and
lincoln. Two of the three never
vent to college.
1t was Ingersoll who said: "Col-
eyes are, for the most part, places
where pebbles are polished, and
diamonds dimmed."
The saying is not wholly true. But
t holds as large an element of truth
IS the claim that college education
lone can fit man for high Office.
The Leon reporter. (Leon, Iowa) 1887-1930, 1912-07-18
AND BELATED OF
FICE HOLDERS.

We're thoroughly disinterested and
public-spirited republicans to start a
nationwide" movement for the res
toration of republican harmony by
the withdrawal of both Taft and
! Roosevelt from the presidential race
in favor of a third man it would at
least be possible to praise their in
tentions while realizing the utter
futility of the effort. President Taft
will not withdraw; there was a
psychological moment" for that kind
of sacrifice but the bitterness and
violence of the ante-convention con-
test had barred compromise and the
moment was allowed to pass. Mr..
Roosevelt has despaired of and con-
demned the old parties and is organ
izing a new one. What is he to with
draw from?
In any event, it is not for "office-
holders to start a movement for or
against any candidate now in the
field. A movement prompted solely
by fear of losing nice berths, a move
ment OF the organized appetite sort,
will command no respect or SYM
pathy. 1t is too sordid, too selfish.
Parties must represent principles
and issues, and men must join or
leave parties because of their deep
devotion to certain principles. "Save
our jobs at any cost" or Harmony
for the sake of keeping us in office"
is not an inspiring motto. The en-
battled or alarmed officeholders can
not subside too soon. The. situation
is evidently not one they can handle
with credit or moral profit to any
Record Herald.
The Leon reporter. (Leon, Iowa) 1887-1930, 1912-07-18
EVEN THE REPUBLICAN INTER
OCEAN REJOICES.

1t is not often that the real inneI
allowed to show itself openly, bu
when it does the public usually is the
beneficiary. The Chicago Inter
Ocean, that stalwart, on Sunday
preached to it's readers this way, ant
it is to be hoped all democrats viii
see this production, which says:
Every patriot and sober-minded
American will rejoice and give
thanks today for the outcome of the
republican national convention.
The greatest danger that has
menaced this republic since secession
died at Appomattox has been avert
ed
THE assault of demanded ambi-
ton and insensate idolatry, of chronic
discomfort and lawless disregard of
tradition, upon the constitution of
the United States and the liberties
and rights which it safeguards, has
failed.
THE usurpcr has been beaten
back from the gate of power he
would have seized. His legions of
disorder that roared behind him
have been cowed into submission and
surrender.
THE effort to conscript the great
party which saved the union, and
make it a mercenary for the over
throw of the constitution and the
subjugation of our liberties to the
despot, has been defeated.
THAT is the meaning of the re-
lection of Theodore Roosevelt and
all his works and was and of the
of William Howard Taft
on platform of stalWart American
ism by the republican national con-
yention.
"That is the meaning of the re-
publican party's new dedication of
itself to the faith of our fathers and
orderly liberty safeguarded by law. |
= 4 Il = + * 4 |
ut would be idle to ignore the diff !
fculties of Mr.. Taft's election. For
he present the national rioter, !
hough rejected from leadership, |
still remains within the republican !
oarty, bent on vengeance, bent on |
'uin where he could not rule
''The contest that lies before us
will call for the most energetic rally
ng of republican loyalty and for the |
determined concentration of every
clement of republican strength.
For today, however, we can af-
ord to forget the difficulties of the
uture and the efforts we must put
orth to meet hem. For today we
an afford to believe without falter-
ng that American patriotism will
Use to secure the victory that re-
publican loyalty has won.
Therefore today let us simply
ejoice and give thanks that the re-
'ublic has been saved from the i'm
Mediate danger, that the nation has
ONE to new birth of devotion to
he cause of it's peoples freedom and
afety in their personal and property
lights, and to new and high con-
lotion ths only through respect for =;
he teachings Of experience and
through loyalty to due process of law :,
an government of the people, by the
eople, for the people continue upon
h earth"
And The Observer would only add
nat every good democrat will feel
lankful that such a dangerous char
cter as Roosevelt was not only de- !
led the nomination, but was denied :
le opportunity to further promul- :,
ate his incendiary and revolution !,
~ monarchial doctrines.-St. Joe !!
bserver.