davidaulloa/AmericanStories huggingface dataset:
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-01

ing the interstate commits
sion the power to supervise reorgani-
zation plans; placing railroad security
issues under the control of the COM
mission and providing for competitive
bidding of such issues; f~orbidding Of
ficerS Of national banks from borrow
ing from their banks; providing for
publicity for loans made by a director
from his bank; forbidding national Of
ficers and directors from participate
ing in underwriting sy%ndicates: maxi
ing it a crime for officers or directors
to accept n compensation for loan
ing a banks funds; limiting the num-
Der of directors of national banks to
not less than five or more than 13;
providing publicity for the assets and
for the s%tockholding lists of national
banks
The W bills presented by the COM
mittee deal with the national banks
and stock exchanges. The first en-
bodies the committees recommended
ton as to control of clearing houses,
cumulative voting for directors, for
bidding loans to aid in combinations
to restrain trade; limiting the num-
Der of bank directors, regulating loans
by national banks to officers n di-
rectors; forbidding ~interlocking direc-
torates in banks and national banks or
Officers from participating in under
writing syndicates and providing a
fine of $4,000 and Imprisonment for
two years for violation.
The second bill embodies all of the
recommendations of the committee as
to stock Exchanges and proposed pen
alties for violation.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-01
GUILTY OF ASSAULT.

Wallace, Feb. 28.-(Special.)-Frank
Wilson, the young rancher who slashed
John Kahru in a dozen places during
a drunken debauch, was found guilty
Of assault with a deadly weapon and
will be sentenced by Judge Woods of
the district our tomorrow. Kahru
was an unwilling witness against his
antagonist, and it is claimed had
agreed to not prosecute Wilson If the
latter paid his doctor and hospital
bills. The trouble started after a large
quantity of whisky had been on
sumed and brandy was substituted.
Wilson tried to start a song, and in
attempting to prevent him from sing
ing, kahru received his wounds
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-01
COMMITTEE AYERS
MONEY TRUST EXISTS
Continued From Page Onc)

impression has been given to the
country as to the character and mo-
tivcs Of leading bankers which is alto
geth"r unfair
The majority report, after declaring
the existence of a money trust, said
that the Increased concentration of
control Of money and credit had been
effected principally as follows:
First, through consultations Of
competitive or potentially competitive
bauEs ana trust companies, which con
solicitations, in turn, recently have been
brought under sympathetic manage
ment.
Second, through the same power Of
the interests becoming large stock
holders in potentially competitive banks
and trust companies. This is the sim
plest Nay Of acquiring control, but
since il requires the largest investment
of capital, it is the least used, al
though the recent Investments in that
direction for that apparent purpose
amount to tens Of millions of dollars
in the market values.
Third, through the confederation
of potentially competitive banks and
trust companies, by means OF the sys-
tenn of interlocking directories.
Fourth, through tn" Influence which
the more powerful banking houses,
banks and trust companies have Sc
cured in the management of insur-
anCe companies. railroads, producing
ana trading corporations, aud public
utility corporations by means of stock
holdings, voting trusts, fiscal agency
contracts or representation upOn their
boards of directors, or through sup
plying the money requirements of rail
way, industrial and public utilities cor
porations and thereby being able to
participate in their financial and bust
ness policies.
Fifth, through partnership or joint
account arrangements between the
leading banking houses, banks ant
trust companies in the purchase o
security issues of the great interstate
corporations, accompanied by the I'm.
~derStandings of recent groWth-some.
times called banking ethics'-whic
have had the effect of effectually de.
s~troying competition between sucl
banking houses, banks and trust com.
panies, in the struggle for business o.
in the purchase and sale of large is
sues Of such securities"
ON the question Of the existence o
a money trust the majority report j
specific and detailed.
1t would, of course, be absurd sal,
the report, .to suggest that "r,ntrc
Of the bulk Of widely distribute
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-01

terest to the great issuing houses, and
may be regarded as a part of his vast
financial organization"
Great Peril.
Concluding it's findings as to the
existence of a money trust, the com
mittcc said:
Your committee is convinced that,
however We'll founded ma be the as
surances of good intentions by those
now holding the places of power Which
have hecn thus created, the situation
is fraught with too great peril to II
institutions to be tolerated.
Discussing the intro of issues of
securities by this so-called money
trust, the report said:
"Through their power and domina-
ton over so many of the largest finan-
cial institutions which as buyers, un-
derWriters, distributors or investors,
constitute the principal first outlets for
security issues the inner group and it's
allies have drawn to themselves prac-
tically the sole marketing of the is
sues of the greater railroad, produce
ing and trading, and public utility
corporations, which, in que
have no open market to which to APP
peal; and from his position of want
age, fortified by the control exerted
by them through voting trusts, repre-
S%entation in di~rectorates, stockhold-
ingS, fiscal agencies and other returns,
they have been able in turn to direct
the deposits and other patronage Of
such corporations to these small finan-
! ri11 nSfititinrc tIrraI,, ~; i, 70
the instruments through which they
work."
The report condemned interlocking
dir"ctorates and consultations and
dcNotes considerable space to a state
mcnt showing the development of con-
troll through these agencies in New
York institutions.
1T is manifestly improper" said the
report, and r%cpugnant to the theory
and practice Of competition that the
same person or members of the same
firm shall undertake to act in such
inconsistent capacities"
Voting Trusts.
The report condemns the use of vot-
ing trusts in the control of financial
institutions and criticizes private
bankers in the capacity of repositories
for Interstate corporations.
The recommendations of the COM
mlttee as set forth in the report and
as embraced in the bills accompanying
the report, urge the following reforms.
Clearing house associations of
which national banks are members
should be required to become bodies
corporate of the states in which they
are located and every solvent and
properly managed bank or trust COM
pany should have the right, enforcible
at law, to become n remain a menu
Der. regular periodical examination
OF members by a committee of the
clearing house association should be
prohibited and instead all such eNami-
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-01
DOUBLE TRAGEDY.

Roanoke. Va, Feb. 2S.-David f.
~Linkenhoker, a railroad engineer, shot
and killed Mrs. Warren l.. Painter, wife
of another engineer, tonight, then,
turning the pistol on himself, fired a
bullet through his head. The cause Of
the double tragedy is not known. Lin
kenhoker was 45 years old and leaves Il
widow and five children, while Mrs.
Painter is survived by her husband
and eve children.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-01
THAN KS.

Washington, Feb. 2S.-Representa-
tive Sherwood of Ohio recently wrote
President-elect Wilson suggesting that
the question of Philippine independ-
ence be put ahead of the tariff and
currency at the extra session of con-
gress. Today he received a reply from
Secretary Tumulty expressing the
presidents appreciation and thanks
for the suggestion"
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-01

w" have a goodIy quantity aud
variety of new serge dresses; they
come in navy. black and brown,
neatly made and artistically
trimmed with lace, and also the
new bulgarian" trimmings: val
" %ss ' as $1,000: zpe- $685.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-01

Miss Sullivan is a graduate of the
Central Normal college here and a
popular society girl. She graduated
with highest honors more than two
years ago and after travelling through
the south and west became acquainted
through mutual friends with the Ma
dero family. Her relations with the
Maderos have beer extremely pleasant,
and UP to a few weeks ago she eX-
pressed delight in her associations and
surroundings.
Miss Sullivan had completed plans
for a trip through Europe with the
Madero children, but on the break
ing out of the revolution the idea was
given up.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-01
Wool Dress Skirts

There is Il great selection of woo
and mohair dress skirts in the ne'
prcdominating spring styles &c
you to choose from; they come j
black. navy, brown; are finely tai
lorod and correct in all appoint
ments; values to $500; 50 "
special at pAs I {
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-01
Silk Waists

Fifty dozen new m~essaline silk
waists and shirts; both in plain
colorS and striped effects: some
have the new mannish collars, with
French cuffs, while others have the
favorite Richclicu collars. val
ues to $500; spc- 60 %
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-01

wealth of a great nation can be cor
rallied by any set of men. II that
is what is meant by gentlemen who
deny the existence of a money trust,
your committee agrees with them. 1t
is not, however, necessary that a group
of men shall control directly the small
resources of the country in order to
m~OnopoliZc the great financial trans
actions or to be able to dictate cred
it's to be extended or be withheld from
business enterprises.
The great bank or banker with ac-
cess to the m~ainSprings of the con-
Ccntratod resources of other peoples
money! the report declares, can han
die the vast issues of securities, but
the bank reserve system, it is further
c~ont"ndod, concentrates a large part
of the funds of the smaller banks in
New York, where a group of men have
strengthened their interest in the
various banking institutions, the re
port said.
IF, therefore, by a money trust is
meant an established aud Wcll-dcfincn
identity and community of interest be
tween a few leaders of finance which
has been created and held together
through stockholdings, intorlocking di-
r]cctorates and other forms of dolnInu-
ton over banks, trust companies, rail-
roads, public service and industrial
/ corporations and which has resulted
in Il vast and growing concentration
of the control of money and credits
in the hands of a comparatively few
men, your committee has no hcsita-
ton in asserting that the condition
thus described exists in his country
! today.
ITO say that the domination Of this
group over the money and credit Of
the country controlled by our largest
financial institutions and that is avail
able for financing large separate is
sues for the needs of our principal
Interstate corporations and of the in
diYiduaIS conducting great enterprises
and for stock exchange loans is al
least as effective as for instance is
the control of the United States Steel
corporation over the steel industry is
an understatcment of the situation;
although the methods by which this
control is effected and held together
are, Oh course, "tSScnildllE ulll"fellt ant
of Il more loose and intangible char,
aCtCr."
The Membership.
Accepting this as the "long-sougnt
money trust the committee outlined
the membership as follows:
The parties to this combination O.
understanding or community of in
terpSt, BY whatever name it NAV h,
called, may be conveniently classifie,
for the purpose of differentiation int,
tour separate groups.
The first, which we will call tn
inner group consists of j. p. Morga,
& Co, the recognized leaders, an
George f. Baker and James Stillmal
| in their individual capacities and il
their Joint administration and contr,
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-01
A Cold, La Grippe. Then Pneumonia

A Cold, La Grippe. Then Pneumonia
Is too often the fatal sequence. La
Grippe coughs hang on. weaken the
system. and lower the vital resist
enc r. G. Collins, postmaster. Bar
negat, N. j., writes: Il was troubled
with a severe La Grippe cough which
completely exhausted me. Foley's
Honey and Tar Compound soon
stopped the coughing spells entirely.
1t cant be beat" Missoula Drug Co.
ADJ
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-01
MISS SYBIL SULLIVAN.

Mt. Pleasant, Mich, Feb. 2S-Friends
and relatives of Miss Sybil Sullivan,
former Mt. Pleasant girl, who for
nearly two years has been employed
as governess in the family of Fran
cisco Madero, late president of Mexico,
are fearful that she has met with foul
play.
Miss Sullivan has been in the habit
of writing to her parents. Mr.. and
Mrs. Timothy Sullivan, every few days,
but 40 letters have come in three
weeks. 1t is rumored that the girl
has been isolated. though no definite
tidings can be procured. The parents
are preparing to take the matter up
with the United States government.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-01

nations should be conducted by public
authorities.'
The committee would give the gov
eminent supervision of clearing house
certificates and would prohibit the fix
ing of rates by clearing house for the
collection of out-of-toWn checks, dis
count or interest On deposits.
Stock Exchange.
AS to the New York Stock exchange
the committee recommended:
That congress prohibit the trans
mission by the mails or by telegraph
or telephone from one state to another
of orders to buy or sell or quotations
or other information concerning trans
actions on any stock exchange and
also prohibit national banks from buy
curity of stocks or bonds listed upon
any stock exchange unless such eX-
change We're a body corporate of the
state or territory in which it is To-
Gated.
Require corporations whose securi-
ties it (the stock e~Xchange) lists" the
report continues, ito make a complete
disclosure of their arrangements in
particular. any commission paid to
promoters, middlemen or bankers out
of any such security, interest or the
proceeds thereof.
Require a margin of not less than
20 per cent on all purchases Of stock.
prohibit as far as possible the exc
cution of simultaneous OIL substantially
simultaneous orders proceeding from
the same person or persons to buy and
of creating an appearance of activity
therein, and orders, the purpose of
which is to initiate or depresS the price
of any security.
prohibit members from pledging
securities purchased md carried for a
customer for an AMOUNT greater than
the unpaid portion of the purchase
price, whether with or without the
consent of such customer.
prohibit members from lending to
other members securities carried by
the Former for customers, whether
with or without the customers con-
sent.
state in its charter the conditions
on which issues of securities shall be
admitted or removed from the trading
list and provide for a judicial review
of its action in this regard.
Keep books of account, showing
the actual names and the transactions
of customers and give access thereto
to the postmaster general"
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-01
National Banks.

Among the recommendations for the
restriction of national banks, the COM
mittee set forth % regulations. These
We're:
"The prohibition of the consolidation
of two or more banks without the APP
proval of the comptroller of the cur
rency; prohibition of directors serving
on the boards of more than one bank
in the same community or locality;
f~orbidding ownership of stock in one
national bank by II other national
bank or trust company; f%orbidding
voting trusts in the control of banks;
providing for cumulative voting in the
election of national bank directors;
t~orbldding security holding companies
as adjuncts to national banks: for
bidding Interstate corporations from
constituting any banking establishment
their sole fiscal agents; forbidding in
terState corporations to deposit funds
with 'unsupervised, u%nregulated pri-
vate bankers:' forbidding national
banks from engaging in underwriting
syndicates; allowing national banks to
invest 25 per CEN of their capital in
state city, county or corporation
mortgage bonds, if the corporation is
sues have paid interest regularly for
five years; reform of the system of
railroad reorganization to conform
With the scheme outlined in the Brit
ish law, which places reorganization
nde the control of the courts. Civ
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-04-14
PASSENGERS TO ARRIVE

Per M. N. s. S. Wilhelmina, from
s. f, April Isl. ID. Dixon, Mrs. I'D.
Dixon, ]. E. TannehilI, Mr.. Warren,
Mr.. DurneIl, ]. Nelson, Herbert
Perry, Pete Howard, Miss Sue UNI
benhauer, Mrs. susanna Armour, Mrs.
Cox, Mrs. Jss.iL. Horner, Miss Mar
garet Enright, Mrs. L. Durenberger,
Miss Judith Gall, Miss A. Glover, Miss
E. McNeiiiy, Mrs. King and party, Mr..
and Mrs. A. Ruddle, Mrs. Harriet A.
Townsend. Mrs. j. w. Kennedy and
son, Mrs. Kate Chester, Miss F. Eaton.
Miss N. Eaton, Mrs. Percy Ramsten,
Miss s. Berman, Mrs. s. F. Hasetot
and mother. s. F. Hasetot, Mrs. H.
w. Hyman, Mrs. Eisner, Mr.. and Mrs.
Ayars and child, Mr.. and Mrs. F. G.
Calkins. Mr.. and Mrs, r. p Lathrop,
Miss Fostate, Mrs. Taylor, nurse and
mother, Harold Castle, Arthur Rice,
Mr.. and Mrs. s. w. Prime, Mr.. and
Mrs. Frank Baldwin and infant, w. d.
McBryde, Mrs. JOS. f. Barber, Mrs.
Frank Schlessinger, w. F. Dillingham;,
Mr.. and Mrs. W. T. Zorn, Mr.. and
Mrs. W. w. French. 3d.. ~. ~.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-04-14
PASSENGERS BOOKED.

Per o. s. S. Sonoma for Sydney,
n. S. W.. by way of Page Page, Apr
Il. Miss Anna Ayelo. Miss Jennie
Avelo, Chas. Avelo, Edward Avelo
Mons. Herbert, T. Mcguire, Mrs. Ma,
guire, Miss Gloria Maync.
Per str Claudine, for Lahaina and
Kahului ports. April 14.-e-Mrs. ". F
Craig and infant, Mrs. Ed Blanchard
Per NJ. n S. 5. Lurline for San
Francisco, April 15-Mr. and Mrs. w
~ Bellinger. Mr. and Mrs. E. G. Russ
Miss NJ. O'DOnnell, Mrs. L. C. Haw,
land, Mrs. A. F. Griffiths. Mrs. T. A
White, Master T. A. Cieghorn, Mr.
and Mrs. G. L. Duckworth and two
children, Mrs. Davidson. Mrs. II. God
dard. Mrs. G.. Z. Mayne, Master
Mayne, Mrs. r. Anthony and infant
Rev. Walter Frear. Mrs. Walter
Frear, Mrs. Iona Bickerton, G. Forbes
Miss M. G. Moore, Miss H. Trear
Miss Ahern, Miss A. Nuss, Mrs. Ida
Nuss, Mr.. and Mrs. Robert Scott, F.
l.. Warren. Judge H. f. Cooper, ],
NJ. Lee, Mrs. Lee, Mr.. and Mrs. Adolph
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-04-14
PHENOMS Often FAIL TOKEEP
UP THEIR GREAT Regulations

with these two young gems then It
means curtains and good night Tes-
reau certainly proved the real con-
tender. When chap butts into major
pastiming and is such winner that
he opens worlds series he has about
as much OF the sweet peas bouton-
niered for him as one young gentle
man can stand.
This record of Big JET is equaled
only by another Babe Adams OF Pitts
burg. Speaking Of the infant recalls
te one that Adams never was the same
baby that tanned the Tiger and put
the burg in Pittsburg during the
worlds wrangle Of 1903. He got hand
euffed to the hoodoo thing, and has
been in the same fix ever SINCE.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-04-14
ASCOT STEAMS I.
FOR HAWAII

With 1884 Spanish and Portuguese
Immigrants, embarking at Oporto and
Gibraltar, the British steamship As
cot, representing a late charter effect
ed by the territorial immigration
board, is reported to have sailed from
Gibraltar for Honolulu last Saturday.
This vessel is reported to have been
fitted with unusual care for the safe
and convenient transportation of a
large crowd.
The Ascot called at Cardiff, where a
quantity of coal was loaded, portion
to be discharged here T..
Allowing the Ascot about two
months to complete the voyage by the
way of the Straits of Magellan, this
vessel with her cargo of human
freight should arrive here on or about
June 5.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-04-14

able violiniSt, next wear, and possibly
Nine. Schumann-Heink, the premier
lcontralto, the year following.
"Bispham will arrive here on April
90, and want TO predict that he will
make an immense hit" said Mr Ship
man this morning. Ell will gige two
performances at the opera house. He
will be accompanied by Harry NJ.
Gilbert, pianist Nine Nordiea, who
will arrive June %, will be accompa-
MED by Romayne simmons and bar
itole -.>-...r
''All eff the people for whom | am
arranging tours will spend two weeks
in Honolulu, making their engagement
here a substantial one. They viii
give concerts Of the very highest
class. .." .-.
IF these are Successful. Honolulu
and Australia will get Mischa. Huian
and Nine. Scaupaan-HCiIk next year
and the year after. z-s.- E-..
All Of these artists are a. the height.
OF their powers and are immensely
Popular IyEheTe. BiSgham' S pro
grams arc in english aaI cover re-
;na?Eabic range 49,
Mr.. SiIiplnan IS 4 pTURgiHaEt figure
in TIE theatrical and concert world.
His attractions arc Of The first class.
During the Fast f-w years BE has hal
Eamcs, NoTdica and I.isDIaHn ard now
has the Hawaii Australia t3hrs for
the noted artists Iaeatianed above.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-04-14
PASSENGERS ARRIVED

Per o. S. S. Sonoma, from San Fran.
cisco, March 14-For Honolulu: Miss
S. G. Allen. Mr. ]. Anderson, Mr. W. 9.
Baker. Mrs. Baker, Miss Bessie Bene,
dict, Mr.. T. H. Benton, Mr.. A. Brown,
Mr Ralph Cuthbertson, Mrs. V. J. Dc
Latiner, Mr.. f. Fisher, Mr.. F. Hill,
Mr. S. G. Hindes, Mrs. Hindes, Mr..
}. Z. s. Heath, Mrs. Heath, Mrs. c. F.
Jewell, r. r, McEldowney, W.. j.
Ovens. Mr.. ]. D. Kennedy, Mr.. F. NJ.
King. Mrs. King. Mr.. u. W. Kirkland,
Mr. L. O. Layton, Mr.. II. Leib. Mrs.
A. Nj. Lemke, Mr.. A. Lorey, Mrs. F. l.
Martin, Miss F. Mills, Mr. T. Monte
Mr. R. Munding, Mrs. A. H. North
Miss H. North. Mr. R. R. Pray, Mr.. c.
Rang, Mrs. II. E. Savage, His Excel
lency Hon. Erich Schult, governor c.
Samoa; j. Cumming Smith, Miss Ana.
,el O'Connor, T. c. O'Connor, MIR. F.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-04-14

Phillips, Mrs. r. NJ. CORDIALLY, Miss
Corbailys Miss r. wftsor. Mrs. p L.
Warren. Mrs. Cooper. Mrs. James
Pine and child.
Per str. Kinau. for Kauai ports,
April l5.-W. d. McBryde and wife,
P. n. Kahokuoluna. Mrs. II. Ander-
son.
Per str kilauea. for Mona and Kau
ports, April lS.--H. W. NJ. Mist, Mr..
and Mrs, J. A. MagOOE, Miss Magoon,
Jno. K kaiIaka.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-04-14
NOTED ARTISTS
WILL APPEAR
HERE

Honolulu las feast of things mu,
steal in store for the future, accord
ing to announcement made this morn
ing by Frederic Shipman, agent and
impressario for some of the premier
artists OF the operate and concert
world. Mr.. Shinman arrived this
morning on the Sonoma ON his way
TO Australia, and in arranging his Aus
tralian routing of celebrities he In
cludes Honolulu in an unusually
broad manner.
Mr.. Shipman Is arranging now for
the big tours of David Bispham, the
great American baritone, and Of Mime.
Nordica, the renowned operate star,
and he is planning also tours for the
future of Mischa EIman, the remark