Putnam County herald. (Cookeville, Tenn.) 1903-1922, 1913-01-02
OUR WASHINGTON NEWS LETTER
Washington. d. C.. Dec. p. i9i.

William Corcoran Eustis, chairman of
the inaugural committee, is of distin-
guished lineage. He is decendent of
the Gusts family. to which belonged
Martha GUSTS, the wife of the first pres
dent of the United States. He is also a
grand son and heir Of Mr.. w. w. Cor
cOran, who presented Washington, city
medical school and the beautiful Cor
coran Art Gallery. Mrs. Eustis, his
wife, who will occupy position of
great social prominence during the in
auSural ceremonies, is a daughter of
the late Levi p Morton, vice-persident
Of the United States during Harrison's
administration.
Active steps are being taken to ar
range for an inaugural parade of women
suffrage advocates from all over the
country.
Considerable interest has been mani
tested in the testimony of ]. Pierpont
Morgan before the money trust" inves-
'tigation committee of the House of Rep
resentatives. He declared thai no such
thing as a money trust is possible; and
that he did not believe all the banks in
Christendom could corner the money
market; that credit is more powerful
in business dealings than actual wealth
or money.
The effect Of the recent decision of
the United States Supreme Court, annul-
ing the 65 per cent contracts of the rail-
roads and anthracite coal companies, is
more far reaching than was at first re-
allied. This is seen from the set OF
questions, the most searching ever put
to any railroad, asked by the Interstate
Commerce Commission, in an investi-
cation just started, which is but one
step of the inquiry concerning the rates,
practices, rules and regulations, Of the
railroads for the transportation of hard
COAL The fact that 80 per cent Of our
owned or controlled by the railroads
has come as surprise to most Of us.
In the tariff hearing which will begin
Jan. an investigation will be made of
the necessity for changes in the duty
upon wool, flax, cotton, hemp, silk, to-
bacco, wines, wood and wood products,
METALS, sugar, chemicals, agricultural
products and provisions, and many
miscellaneous articles.
The Mexican situation, owing to the
failure Of President Madero to protect
American citizens and property, has be-
come acute President Taft has sent
an ultimatum to Madero, which Is re-
garded by some as only few steps
short OF a declaration Of war. After
the first of January, there will be no
binding ties of commerce, navigation or
between this country and
Russia. 1t will be remembered that
President Taft abrogated, last spring,
the treaty of 1882 with Russia, because
of Russia's treatment Of the Jews. AS
agitation is dreaded in both countries
the understanding here is that nothing
will be done or said by eiher govern
ment to give ground for protest, until
a treaty defining the relations of the
two countries can be agreed upon. In
the usual course Of diplomatic proceed
ure neither the Mexican nor Russian
difficulties can be settled during the
present administration. So, in addition
to the domestic questions Of trusts and
tariff, the new administration will have
to deal with the Mexican and Russian
problems and also with the Panama
tolls dispute.
Indeed Mr.. Wilson's administration
promises to be an eventful one.
Mr.. Carnegie says that he will have
an opportunity to make for himself an
immortal name by inaugurating the ju-
1icial settlement Of our international
disputes; and, though himself Repub-
lean, Mr.. Carnegie promises his ear
1est support, and that of all peace low |
BIS, without regard to party Affiliations.