El Paso herald. (El Paso, Tex.) 1901-1931, 1912-12-13

transaction with the stock at a fic-
titious figure and finally objected to
the form Of the witness answers.
You are asking me a moral ques-
ton and I'm answering stock ex-
change question" said Mr.. Sturgls
with a smile and the committee
laughed.
The witness insisted that these
transactions were beyond the power Of
the exchange for discipline so long
as the commissions were paid.
Mp. Sturgis admitted that the Con-
EOlidated Exchange had been a com
petitor of the Stock Exchange and
that some times the feeling of rivalry
grew bitter. He admitted that in
1903 the Stock Exchange endeaTored
TO force the Western Union to with
draw from the Consolidated Exchange
two stock tickers-
two stock tickers. The Consolidated
took the matter to the court and re-
tanned the tlckers.
Furnishing Opposition.
Then the rule was passed forbid
ding Stock Exchange members to do
business with Consolidated brokers'
he said.
You just wanted to punish the Con-
sOlidated?' suggested Mr.. Untermyer-
mo, we wanted to protect our
'-The Consolidated charges just one
half as much for commission for do
ing the public's business as you do?'
Hasn't that something TO do with
the i'll feeling2'
Wen. no I don't think So"
'If the Consolidated doubled its
commission charge there would be no
trouble, would there?
After some discussion Mr.. sturgls
said:
well, that would be a healing balm
to some extent That would be help
fuI."
somewhat of Gambling Nature
Rudolph keppler, who followed Mr..
Sturgis on the stand, declared that
manipulation. was perfectly proper.
as long as it was legiumately con-
Quoted, the commissions were paid and
there was no collision
DO you agree with the conclusion
stantial part Of the transactions on
the stock exchange are gambling
asked Mr.. Untermyer.
Il would say that some transactions
on the stock exchange are somewhat of
gambling nature answered Mr.
The Archibald Case.
The senate has adopted an order for
the closing by Saturday Of the testi-
nony in chief against judge Robert
". Archibald, Of the commerce court
on trial for alleged misbehaViOr and
misdemeanors in office Monday was
set for the beginning Of testimony for
the defence.
B. II. Myer, the interstate commerce
COMM ssioner whose complaint to preSi-
dent Taft of Judge Archbald's conduct
led ultimately to the impeachment
charges before the senate committee,
today testified to receiving data from
". P. BOland, Of laying the matter be
fore the entire commission and finally
before president Taft
1--WE want to show this case has de-
veloped normally and is not the re-
suit Of conspiracy eclaimed repre-
sentative Clayton, chairman of the
house MANAGERS.
Christmas Holidays Set
Adjournment Of congress for the
Christmas holidays from December -
to January 2 was authorized today
when the senate adopted a resolution
already passed by the house
When the senate convened at noon
it resumed consideration of the omni-
bus claims bill
Pension Legislation
The house considered private pension
legislation this afternoon and also re-
sumed consideration OF the indian ap-
preparation bill
Representative Kindred introduced
resolution calling for a report of the in
vestigatiOn into the Peruvian rubber
district atrocities.
Representative Kahn urged the pub
lie buildings committee to provide
100000 for a marine hospital at San
REIMBURSEMENT Of the patent fee sys-
tenn is proposed in a bill introduced by
representative Oldfield-
Railroad men were heard by the post
office committee in a plea for adequate
compensation for carrying the mails
The merchants marine committee set
January for beginning the hearings
in the Investigation Of steamship pools.
Freedom For Philippines.
Following in the wake Of the presi-
dents message concerning the Phil
ippines is the announcement that rep
resentative Jones, of Virginia, chair
man Of the house committee on insu-
lar affairs, viii try to press his Phil
ippine independence bill to passage
through the house before Christmas.
There is a strong undercurrent of
feeling here. however, among the
Democrats in the house who were
governor Wilson's most active sup
porters in the pre-cOnventiOn campaign,
against precipitate action with regard
to the Philippines These men are
opposed to the Jones bill in its pres
ent form, though in accord with its
vital principle.
1t is no secret here that the plat
form committee Of the Baltimore con-
vention last summer declined, by
unanimous vote, to commit the party
to the Jones bill. on the ground that
nobody in the Democratic party knew
anything much about conditions in the
Philippines and that the party owed