The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-01-27
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Continued from Page One.)

Not one of the names associated
with the presidential nomination OF
either party inspires any enthusiasm,
not even that of Colonel Roosevelt II
is observed, however, that some OF
those who are prominent in Wall
street are beginning to wonder wheth-
er, after all, there may not be good
politics in the proposed nomination OF
Colonel Roosevelt. Yet with only two
or three exceptions not any OF those
identified with Wall street interests,
either speculative or banking, has de-
clared himself in favor of the nomlna-
ton of Colonel Roosevelt
This indifference or lethargy is
similar to that which prevailed in this
state in the fall of 1910, whereby the
Democratic party captured the COVER
norship and the legislature. but mar
rOWly escaped defeat for the rest or
the state ticket below governor. Should
this Indifference or lethargy be char
acteristic of business and financial in
| terests elsewhere, then the country
/ will probably experience this year the
tamest presidential contest since the
era of good feeling.
President FarreIl's Testimony.
There are two or three statements
made by President Farrell of the
/ United States Steel corporation be-
fore the congressional investigating
committee which have caused some
| discussion in this city. One is the ad-
mission that some portion of the ex-
ports of the products of this corpora
ton has been marketed elsewhere at
| lower prices than prevail at home.
| This statement would tend to confirm
the impression that the United States
| recently greatly increased her exports
| of manufactured commodities because
| these commodities have been sold in
the foreign markets at prices which
leave scarcely any margin for profit
Yet, if that be true, the same method
| explains in great part the vast in
| crease in the exports of German
manufacture within the past ten years
Another statement made by PresideTa'
| Farrell is spoken Of as most important
He testified that the English manufac-
| turerS of iron and steel products were
| compelled to export nearly so per cent
Il Of their entire production, for unless
they could do that they could not live
and President Farrell seemed to think
| it was much the wiser part for thC
great exporters of the world not to IN
! dertaAe to grab all the markets. A rea-
sonable inference from this remark is
| that unless English manufacturers car
| find foreign mar ketS for at least so pei
cent Of their products there would soon
| er or later come serious business dis
turbances in Great Britain which would
be harmful to the United States; VIZ
| could not sell as much to Great Britain
as we now do unless the empire is pros
He Urges Lighter Rails.
Another point incidentally referred tt
by President Farrell is the character
| of the steel rails now in use in the
United States. It is regarded as {
pretty serious statement to make tina
the rails manufactured are too britt.
and that there would be greater safet.
| and, in the long run, greater econom!
| for the railroads if a considerably high
er grade of steel rail were bought b!
them. But rails of this kind cost NOR
/ than the present standard rails ant
President Farrell intimates that this i
the reason the railroads do not buy tn
better quality of rails.
This statement simply emphasizes OH
r which has been made many times in TIL
past ten years by DR.. p. II. Dudley
r who is now recognized as the leading
1 authority in the United States upon tn
r steel rail and the utilization of it b,
D the railroads
The Duke and the Ambassador.
Every one who had opportunity t