The Ontario Argus. (Ontario, Or.) 1???-1947, 1913-01-16
news FROM OUR
NATIONAL CAPITAL
Financier Says Control Of
Money in Bad Hands Might
Cause Trouble.

| s'>' ia VIZ pei NiSOhhtA VI Nht hth III
control and that present conditions
are mot entirely comfortable for the
country" were a few of the statements
by George +. Baker, master OF finance,
as the climax of an examination be.
fore the house money trust committee.
Mr. Baker reviewed in detail the
operations Of himself, his bank, the
First National Bank Of New York and
j. =. Morgan a Co, in the issuance Of
bonds.
"1n Wall street." said Baker, Nor.
gan is recognized az the great general
of the financial army" lie admitted
that he and James Stillman were Nor.
gan's chief lieutenants. saying:
Morgan could be the dominant IL.
nancial power of the world IL he were
younger. Concluding his testimony
Baker admitted that the wealth OF the
nation had been greatly concentrated
during recent years.
Democrats VIII Hold up Appointments
Democratic senator's held a caucus
and decided TO stand pat in their op.
position to confirmation OF Taft ap.
pointees.
The republicans having refused to
cooperate with a democratic commit.
tee TO consider the nominations with
view TO determining what should be
and what should not be confirmed,
they determined TO hold up everything
but army and navy promotions and
the diplomatic appointments.
Postmasters and other civil appoint.
ments intended TO be filled with re.
publicans within few weeks OF the
end Of the republican administration
will be protested against by the demo
Gratis. even IL II takes a filibuster 10
enforce their protests.
Republican senators profess 10 be.
lieve there will be Wholesale confirm.
ation before the session is much old.
or. but II now seems that everything
depends upon the progressives. II
they are present In full numbers and
vote solidly with the democrats, they
can defeat the Taft appointments.
Morgan May Tell Of Ocean Combine
An investigation OF the Internation'
nj Mercantile Marine, he sl2o,O0o.0OO
American corporation controlling nu'
merous foreign and American steam
ship companies, with J. +. Morgan as
the chief witness. IL contemplated by
the house committee on merchant ma
rine In connection with It's hearing OF
the socalled shipping trust. Mr.. Nor
gan is believed 10 have organized this
great company and to control Its
stock.
Chairman Alexander, OF the com
mittee, announced that MIR, Morgan
probably would be subpenaed immedi'
ately upon his return from Europe.
p. A. s. Franklin. vice-president OF
the White Star line, one OF the impor'
tant companies connected with the
International Mercantile Marine, al
ready has been subpenaed and prob
ably will be examined in the near fu'
ture.
Reduce Number Of Customs Employees
The plan OF customs reorganization,
comprising a revolutionary change In
the boundaries OF customs districts,
is so close TO completion that within
a month Secretary MacVeagh. OF the
treasury department, expects TO sub
nit the scheme 10 President Taft for
approval, II becomes effective July l.
The plan contemplates the reduc'
tion OF the number of existing $50
customs districts to so. with lew
exceptions each state will constitute
one customs district.
Senators and representatives are
the department with pro
tests against contemplated action In
their states or districts.
Senator Borah has InlrOuucvu a U,Ii
giving settlers on government reclaim
alton projects 80 years in which TO
make payment for water rights, and
exempting them from payment OF in
terest on the S2O,000,00 loan authoriz-
ed year ago.
Representative Hayes of California
has introduced bill To amend the
alien contract law. The amendment
allows the entry of musicians, actors
lecturers, ministers and persons be
longing to any organized learned pro
fession,
Nearly 100000 parcel post pack
ages were sent through the postolflces
of the so leading cities of the country
In the first week of the operation OF
the new service. according 10 reports |
received by PostmasterGeneral Hitch
cock.
Mortality records have been broken
during the present congress Since
he sixty second congress began Vice
nresident sherman, six senators ana |