The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-02-06
CRIMINAL CASES
MAY BE STARTED
Prosecution of Certain Officers of
Steel Corporation is
Hinted At
MUST NOT DESTROY PAPERS
Said That Some Valuable Docu.
ments Have Disappeared
Injunction TO Prevent Further DAMAGE
is Granted-Lorimer Hear
ings Resumed.

WdSnlDBlon, feD. Judge Gray OF
the United States court, third circuit,
today issued an injunction restraining
the defendants In the governments
antitrust suit against the Steel cor
poration from destroying books and
papers desired by the government.
The department of justice in it's pc
tition alleges that several thousand
papers and documents used by the
government i'm the criminal prosecution
of the wire poor last fall have been
destroyed.
One portion OF the governments pc
tition seems To indicate that criminal
indictments and prosecutions of Ger
tain officers of the Steel corporation
and subsidiaries are under considera-
tion by the department of justice.
Champions Peace Treaties.
No nation can afford at this time
10 stand I'm the way OF the peace
movement, was the keynote OF the
speech in the Senate today by Sena-
tor Burton OF Ohio, in support Of the
arbitration pacts before Congress.
"The treaties with Great Britain and.
France must be ratified" declared
Burton, not so much because they are
important in themselves but becauseI
they pave the way for other agree
ments with nations strong and weak
alike"
VreeIsnd on Money Panies.
1T Is my opinion that money panics
have brought more losses and suffer-
ing to the American people than all the
wars in which they have been engaged
barring alone the loss of life AID limb,"
said Representative edward B. Vree-
land of New York. vice chairman of
the National Monetary Commission, in
the House today
Mr.. Vreeland endorsed the plan of
currency reform submitted to Con-
rress by the Monetary Commission as
the most effective method of doing |
away with panics, providing an elias
tic system Of national currency. and
removing the financial structure from
ecntrol and monopoly by special inter- /
ests or by certain restricted localities.
Currency System Anticipated.
"our banking and currency system
ia antiquated and dangerous. and
should be radically reformed" he de-
clared. "We have had the money pan
ic on an average of about once i'm ten
wears, for the past half century. In
the opinion of economists and imam
ciers. these panics are entirely unnec-
essary."
Mr. Vreeland pointed out that for
cicn countries did not have such dis
turbances, with their enormous loss To
financial. commercial and individual
interests. and their depressing effect
,,non business activities. The plan for
the National Reserve association, pro-
rosed in the monetary commissions
report. would effectively solve the
that has long confronted the
United States, he said.
"The reform of our bank and cur
rency system must be kept out of poll
tics" declared Mr.. Vreeland There
is no present division between par
ties upon this subject II should be
studied from scientific and econ
,nic standpoint rather tnan from the
standpoint of partisan politics
Loriner Hearings Resumed.
when the Lorimer committee re-
sumed its hearings toGay, Milton Blu
menberg. the stenographer who de-
nounced Stenographer Sheridan's rec
ord of McGowan's alleged statements
as fake. was called. TO the stand. He
admitted he was not familiar with the
conditions under which Sheridan made
notes. hut declared that i'm order tol
form an opinion as 10 their genuine
ness il was not necessary TO know the
conditions. The general appearance
NJ the notes was enough to convince
him as an expert. he said
Blumenbcrg denied that Saturday
evening when he denounced Sheridan
no was suffering from nervous
and denied he was intoxi-
Gated or had been over-worked. He
said he meant no disrespect to the
committed and that If he said any
thing that might be taken as ofense
il was unintended.
when Blumenberg had finished the |.
nttornews for Lorimer called expert
as witnesses 20 support
,be statement that Sheridan's notes
-. afolrodw