davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01
Interlocking Directorates.

The report condemned interlocking d.
rectorates and consollda tions. and de-
voted considerable space to a statement
showing the development Of control
stitutions.
''It is manifestly improper" said the
report, "and repugnant to the theory
and practice OF competition that the
same person or members OF the same
firm shall undertake to act in such In
consistent capacities"
The report condemns the use OF vot-
Ing trusts In the control OF financial In
stitutions, and criticlses private bankers
In the capacity Of depostaries for inter
sIa1n cOrnnra lions
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01
Majority Report.

That a money trust does exist and thai
Its powers should be curbed by stringent
federal regulations as TO the conduct
OF national banks. clearing houses and
stock exchanges were the findings OF
the house money trust committee set
forth In the majority report OF its In
vestigatons filed In the house late to-
day.
The report. signed by Chairman Puio
and the six other Democratic members
OF the subcommittee whlh conducted
the money trust probe. was accompa-
MED by two bills. one TO regulate stock
exchanges through forbidding the mails
to exchanges which do not comply with
federal regulations, and the other TO
regulate clearing house associations
through forblddine national banks 10 join
such associations unless federal regula-
tions are observed. In the latter bill,
proposed as an amendment TO the ma
tional banking act, the conduct OF ma
tional bank officers and directors is
closely restrlcted
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01
TAFT WINDING UP HIS
OFFICIAL BUSINESS
By international News Service.

WASHINGTON. Feb. gs.-Presideu,
Taft put In one OF the hardest dav's
work OF his career today when ne spenY
some ten hours in signing correspond :
ence, saying goodbye 10 visitors CON
ferring with his cabinet for the last reg
ular session and otherwise clea Ming IN
the mass OF official business which re-.
mains TO be disposed OF before March 4
Tomorrow the president Will hold a
public hearing on the questions OF ctis
toms reorga nization in the cast room n,
rhe White house In the morning. presen,
the Titanic medal To Captain Rosiron ot
the Carpathia In the afternoon. and al
tend several receptions winding IN a,
the University club. where he will de.
liver his last official address in Wash.
inzton.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01
Bills Presented,

The two bills presented by the com :
mittce deal with the national ba nks and
with stock exchanges. Tho first en-
bodies the committees ecommendations
as TO control of clearing houses, cunlula :
tive voting for directors, forbIdding loans
to aid In combina tions to restrain trade
limiting the number Of bank directors
, regulating loans by national banks to
locking directorates in banks and nation
, al banks officers from participating In
, und derwriting syndicates, and providing a
fine Of $4,000 and imprisonment for two
years for violation.
The second bill embodies all of the rec
concentrations OF the committee as TO
| stock exchanges and fixes penalties for
viola tion.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01
Declines to Talk.

NEW YORK, Feb. 2S-The publication
Today OF the statement that the British
government has proposed arbitration Of
the canal question In note to the state
department.. coupled with the comment
or the British press in dispatches 10
London newspapers purporting to repre-
sent President Wilson as against
free tolls. brought no definite statement
from Mr. Wilson.
The president-elect declined to make
any comment. beyond denial OF the
published report that he had express I'd
himself with finality on the question.
Mr. Wilson said he did not feel il would
be proper for him TO discuss the matter
OF canal tolls until after he became
president and had had q chance 10 dis
cuss II with members of the senate
The possibility that the senate might
take some action which would remove
the grounds for the British protest. and
thus relieve the new administration from
all embarrassment is cited in some quar-
terB as the chief reason for his reti-
cence.
On the other hand. II Is said by those
who know. In general the president :
elects ideas on foreign policies that {,
the question Is put up TO him fatty, he
either would Indicate opposition TO the
proposed method of granting free tolls
10 American ships, or favor submission
OF the question to court or arbitra
ton. !,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01

voting trusts In the control of ba nls. ,ro-
vlolng Tor cumulative voting in the alec
tion OF national bank directors: forbid :
dlns security holding companies as al :
Juncts 70 national banks: forbiddinr inter
STATE corporations from constituting anv
banking establishment their sole nsra
agents; iorb'dding interstate corporations
10 deposit funds with "unsupervised nm
regulated: private bankers"; forbjddInr
national banks from engaging IN ,ndar'
writing syndicates: allowing pstjonsI
oanks TO Invest % per cent of their 90 nj :
tai In state. city. county or cornors tinn
mortgage bonds. II the corporatIon iasnas
have paid interest regularly for Eve vears.
reform OF the system OF railroad reorran,
ization to conform 10 the scheme nnt
lined In the British law, which pIaces
reorganization under the control OF ths
courts; giving the interstate conmerce
commission the power to supervise re-
organization plans; pla cling railroad CO
curity Issues under the control oT tha
commission and providing for compeii.
tive bidding of such Issues, forbidding O
officers of national banks from borrnw. !.
Ing from their banks; providing for na,b-
liclty for loans made by a director froyo
his bank; forbidding national bank ofA'
GERS and directors from partIclpatinr In
underwriting syndicates; making II n
crime for officers or directors to aorent
any compensation for loaninz a benI,5s =
funds; limiting the number OF directors
of national banks to not less than Ave
or more than thirteen. providing pub
lcity for the assets and for the stock
holding lists or nationa! banks
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01
EXISTENCE OF MONEY
TRUST is AFFIRMED
CONTINUED from

Co. with It's large foreign clientele and
connections. whilst only qualihedly allied
with the Inner group. yet through It's
close relations with the National city
bank and the National Bank of Com
merce and other financial institutions.
with which II has recently allied Itself.
has many interests IN common. conduct
Ing large joint account transactions with
them. especially In recent years, and
having what virtually amounts TO an
understanding not TO compete which IS
defended as principle Of 'hanklns
ethics. Together they have with a few
exceptions prc-erupted the banking
business OF the important railways OF the
.tys
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01
London Press Comment.

LONDON, Feb. 2s.-Dispatches from
the Washington correspondent of the
London Morning Post Indicating
Prcsident-elect Wilson's attitude to,
ward the Panama canal CONTROVERSY
have given rise to considerable com.
ment IN the English papers. All the
papers voice their qualification over his
alleged attitude.
The Westminster Gazette, a leading or.
gan OF the British government saws:
we all very much regretted TO find
ourselves in conflict with the United
states government on point OF thIs
kind. We believe that public opinion Ir
the United States will welcome this
changed attitude leading to the avoid
ance OF further controversy"
The Pail Mall Gazette says:
Or. Wilson is 10 be congratulated or
striking a true and high note in thi.
matter on the eve OF his accession We
think repeal OF the exemption claus,
would be far the best solution of q tan.
overreaching politicians"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01

feel that every American citizen should
be proud of the fact that we have q
city where there is sufficient capital
TO handle these enterprises and should
take pride also in the character and in:
tegrity of the men who are at the head
of its financial institutions.
Mr.. McMorrap declared the proposed
scheme Of regulating stock exchanges
- drastic and unwarranted - and that
there was ''no real evil in interlock-
inp directorates
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01
TWO BANDITS HOLD UP
FAST FREIGHT TRAIN

HUNTINGTON W. Va. Feb rs
Three masked men held up a fast freight
train on the Cedar Fork & Western rail.
way last night in an Isolated mountain
spot near AIvtck W. Va. The wires
were cut and only meager details reached
here tonight. II Is supposed the bandits
believed they were stopping passenger
train
The train crew engaged In a spirited
revolver battle with the robbers. two OF
Id alfhn1I9h all fhrea made tfolr aecape
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01
National Bank Regulation.

Among the recommen endations for In.
resurrection of national banks, the corn
mittee set forth twenty-five reR,1iations
These were:
The prohibition Of the consolidation ~
two or more banks without the anproysl
OF tho comptroller OF the currency: probI-
oition OF directors serving on the boards
munity or locality; forbiddIng ownersbin
OF stock In one national bank by any
other bank or trust company: forbiddine 2
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01
Allies in Boston.

Closely allied with this inner zroup
and indeed related TO them practically as
partners In many OF their larger finan-
cial enterprises. are the powerful inter
national banking houses OF Lee, HigSin-
son & Cor and Kidder. Peabody a Co.
with three affiliated banks in Boston.
In New York city the nterua tfouaI
banking house of MessrH. Kuhn, Loeb 4.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01

You judge man not by what he
promises TO do, but by what he has
done. That is the only true test.
Chamberlain 8 Cough Remedy Judged
by this standard has no superior. Peo-
pie everywhere speak Of it in the high.
est terms Of praise. For sale by all
dealers. advertisement }
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01

Try the Wants in providing chances
to insure that for which you are in
search
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01
Control of Credit.

The majority report after declaring
the existence of a money trust, said
that "the increasek concentration oil
control of money and credit had been
effected principally as follows:
"First, through consultations OF
competitive or potentially competitive
banks and trust companies which con
solicitations in turn have recently been
brought under sympathetic manage
mcnt
"Secondd, through the same power
full interests becoming large stoCkhold-
ers in potentially competitive banks
and trust companies, This is the sim,
plest way Of acquiring control, but
since it requires the largest invest
ment of capital, it is the least used,
although the recent Investments IN
that direction for that apparent pur-
pose amount TO tens of millions of dol.
lars in but market values.
"Third, through the confederation
of potentially competitive banks and
trust companies by means of the sys-
tenn of intcrlocking directorates.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-01
Influence Used.

Fourth, through the influence
which the more powerful banking
houses, banks and trust companies
have secured in the management OF in
surance companies. railroads, produc-
ing and trading corporations and pub.
lie utility corporations, by means or
stockholdings, voting trusts, fisca!
agency contracts or representation
upon their boards of directors, or
through supplying the money require
meuts of railway, industrial and pub
lie utilities corporations and thereby
being able to participate IN their finan'
cial and business policies.
"Fifth through partisanship or Joint
account arrangements between a few
of the leading banking houses, banks
andd trust companies in the purchase of
security issues OF the great interstate
corporations, accompanied by under
standings of recent growth-sometimes
called banking ethics, which have had
the effect Of effectually destroying
competition between such banking
houses, banks and trust companies. in
the struggle for business or in the pur-
chase of large issues Of such rccuri-
fipe -
The Washington times., 1913-11-05
NAVY COACHES WILL
TEACH RUD|MENTS
Too Much Work Against Scrubs
Calculated to Weaken the
Eleven, Now Found.

ANNAPOLIS, Md. Nov 5.-The
Naval Academy coaches propose to de-
vote the larger part of the practice per-
iods from now on to the perfection of
various fundamental elements of play
ing and the special formations which
will be used In the remaining games this
season and particularly against West
Point
There is little lacking in the individ-
ual work of the members of the team
or in spirit and physical condition. Ev-
cry member of the team is now playing
as good football as at any time in his
career, and the coaches are of the opin-
ion that too much work against the
scrub Is likely to prove an element Of
weakness rather than strength.
For two weeks past the real workouts
against the scrub have been infrequent
and short, but a great deal of time has
been devoted to kicking and receiving
the ball, and the various plays based
on the forward pass plays. In these
lines, the play Of the Navy team has
improved immensely. Vail, Blodgett,
Leonard. and Alexander have been do
ing splendid puntilg. Brown and Vaug-
han are place kicking In good style.
while McReavey, Failing, Biodgett, and
Alexander are showing special adept
ness in the forward pass
The Washington times., 1913-11-05
GEORGETOWN FIELD
FOR SOCCER GAME
Hilltop University Grants Use
Of Playing Space For ST
Nicholas Benefit.
By Goldberg

washington,s soccer team win faaQ
the fast Baltimore Americans ~
Georgetown Field November . In .
benefit game, the proceeds to 90 to the
st. Nicholas fund Of The Times. Presi-
dent James T.. Rose. of the soccer team.
has been given the free use OF the var.
sity field for this benefit game, tho
Hilltop university gladly aiding In maxi
ing the fund huge success.
The Baltimore Americans is an rn-
usually speedy soccer team and WASH
ing on win have to be in perfect con-
dition that day tc hold its own against
the visitors. Captain McGinty plans to
have his candidates practice two or
three times a week to strengthen team
play In the hopes Of defeating the
Americans.
Soccer is booming in the Capital
William Ramsay. Clark Griffith. and
Charles A. King have been made HON
orary vice presidents of the Washington
soccer club and are doing all in their
power. to create interest in this fan and
winter sport. Grihfth win be at George
town Field when this benefit game is
played.
The Washington times., 1913-11-05
Dartmouth Realizes
Strength Of Quakers

HANOVER, n. H, Nov. 5.-Realizing
the strength Of the Penn eleven. Dart
mouth is spending three hours in prac-
tice every day this week in prepara-
ton for Saturdays battle on Franklin
Field In order to give the varsity the
hardest work possible. 1t is pitted asinst
the scrubs for half and hour and then.
without rest, sent against the fresh
man team. The freshmen eleven is
made up of giants and the varsity Is
exhausted when the scrip1mage ends.
Dartmouth's squad leaves Thursday
afternoon at o'clock for Philadelphia
stopping in New York until Saturday
morning. A small bunch Of undergrad
yates will make the long trip to act as
a cheering section for the team.
The officials for the game will be
Mate" Tufts, of Brown, referee;
.Crowell of Swarthmore, umpire; Fred
w. Murphy, of Brown. head lines
man.
The Washington times., 1913-11-05
MEMORIAL A. c. WILL
HOLD CROSS COUNTRY
Georgetown Club to Stage Event
With John StoWeII in Charge
Is Report.

The Memorial A. C. will give a
cross country run some time within the
next six weeks. according to John
Stowell. who will have charge of the
Georgetown runners during the win
ter. The former Washington Cross
Country Club. and Washington A. A.
man will have the Memorial men under
his care and expects TO develop a fast
bunch during the winter.
The Memorial Club has had a number
of exceptional men in the past two
years and has kept in the front rank of
the clubs in this section of the coun-
try. John ]. Campbell. Burns McCor-
mick, Kicker, and others of promin-
ence are calculated to help out this
winter.
According to Stoweli there will be
several youngsters developed for the
winter months and while the club has
not been going with its usual activity
things are expected to pick up within
the next week or two.
The Washington times., 1913-11-05
c. j. MAY GET GAME
WITH GALLAUDET
Wants Thanksgiving Date With
Kendall Green Eleven on
Home Field.

A football game between Catholic
University and Gallaudet may be staged
II one or the other Of the managers gives
a little ground in the matter of the Sc
lection of grounds. At the present time
both teams have two open dates, and
there is likelihood of their getting to-
gether.
Catholic University wants the Ken
dali Green eleven for the Brookland
field, and the Buff and Blue would have
the Brooklanders play at Kendall
Greene and there the matter rests.
There is little doubt but that the teams
will get together. either on the 14th or
on Thanksgiving Day, with the chances
in favor of the last date.
Gallaudet mas had unusual good for
tune II winning all its games but that
against Washington and Lee this sea-
son, while the Catholic University has
been unable TO win, the best mark be-
ing 4 tie score with Delaware College.
The Washington times., 1913-11-05
Ouakers Will Use New
Plays in Big Contest

PHILADELPHIA, Nov. 5.-Penn is
practicing new trick plays to spring on
Dartmouth Saturday, and gates are
closed against all sightseers. Brookes
real classy formations have been saved
for the games against Dartmouth.
Michigan. and Cornell. and the coaches
are satisfied that the Red and Blue will
be victorious In all three battles The
final scrimmage will be held today.
after which the squad will be taken to
Whitemarsh to rest before the contest.
Dartmouth has sent large sums of
money down to be wagered on the
Green, and every cent has been covered.
The Washington times., 1913-11-05
American League to
Talk Of Baseball War

CHICAGO, Nov. 5.-The American
League magnates. who have begun to
drift into town, are expected to dis
cuss ways and means for carrying %
strenuous warfare against the Fed
eral League when they gather in ex-
ecutive session here tomorrow. What
ever action decided upon win be swfft
as Ban johnson is convinced of the OUT
laws intent to take players from
American League teams.
At the close of the annual session
jimmy McAleer and Charlie Comiskcy
will bid adieu to their brother mag
mates and iepart for the Coast. where
they will leave for the trip around tho
world. being taken by the White Sox
and the Giants. Robert B. McRoy.
treasurer OF the Boston club, has ar
rived.
The Washington times., 1913-11-05
Eddie Mahan Will Play
IN Princeton Contest

CAMBRIDGE, Mass. Nov. eddie
Mahan has recovered from his injury
and will certainly be in the lineup
against Princeton Saturday. This crack
running halfback is necessary to the
success of the Crimson in the jungle
and there Is great joy among the
coaches at his recovery, Mahan Is due
to get into the scrimmage today. Trum-
bull. the varsity center, Is still unable
tc put his weight on his injured ankle
and may not appear against the Tigers.
All the other cripples will be in
Harvard's lineup.
The Washington times., 1913-11-05
Villanova Is Winner.

NEW YORK, Nov. 5.-villa Nova out
played Fordham on the Maroon gridiron
yesterday afternoon. winning by the
score Of 43 to 0. During the greater
part of the game Fordham was on the
defensive and the heavy Villa Nova
bscks plunged through tackle or skirted
the ends at will. With the exception of
the first period Fordham played a list
less game. The Pennsylvanfans were
forced to punt only once during the first
half.
The Washington times., 1913-11-05
Techs narrow margin.

Tech players are heartily ashamed of
themselves today for not having beaten
Central decisiveiy yesterday. At the
same time Central must be given due
credit for coming back with a rush. 1t
looked for all like no score, and Gen.
trail should have won on the form dis
played. An unlucky tumble gave Teen
a chance, and a superior punter showed
his mettle at the right time
The Washington times., 1913-11-05
All waking up.

Everybody is waking up and wiping
his eyes over at Georgetown. 1t is ap-
parent that there is wholesome re-
spect entertained at the Hilltop for the
Orange and Blue varsity eleven. Where
the Blue and Gray has failed most
lamentably. Virginia has succeeded. No
wonder Rice Warren's boys are max
ing them sit up and take notice
The Washington times., 1913-11-05
"The Good Old Days" Again.

Them indeed the old days" football The
few eeyens, but the good old have passed.
outside Harvard doubt
the playing strength Of the odme and
Yale for example this has better than Pittsburgh
Washington
doubt
aside
PLAYED Pittsburgh while
Which of
gaining
led by the Michigan Aggs Tradition little Institution
to retire
The Washington times., 1913-11-05
Offers coming.

The Federal League folks are busy
these days offering managerial berths
to major league players. Aside from
George Stovall. who had outlived his
usefulness under the main tent. no
major Lacquer has accepted. The out
laws will find it difficult matter to
get good players from organized ball.
The money isn't in sight.
The Washington times., 1913-11-05
Yale means fight.

The sons of Eli are standing with
their backs to the wall Two ties and
a defeat In a single season has brought
the blood to the eye of the bulldog.
Brown will probably receive the first
walloping and Princeton and Harvard
will be well aware that they have faced
the toughest team in the country when
they get through. For Yale never
quits.
The Washington times., 1913-11-05
Reds Win First.

In the opening game of the Terminal
Railroad Y NJ. c. A. Baske.ba League,
by ~ to Il. Gregory. OF the winners,
threw fifteen goals from the hoor.
The Washington times., 1913-11-05
Will try hard.

With Fred Rice at the head, Catholic
University basketball players will at
tempt to retrieve the losses sustained
by the football eleven this fall. Last
winter the Brooklanders had a credit
able basketball team on the floor
Many critics awarded the Brooklanders
the South Atlantic section banner, and
The Washington times., 1913-11-05

Wake Forest has played as good
teams as Gallaudet this season. The
real reason for calling on the contest
with the Buff and Blue team is the
fact that the expense of bringing the
Gallaudet eleven to Raleigh Is greater
than the attraction would warrant
Wake Forest has done nothing startling
this season. and was expecting defeat
The Washington times., 1913-11-05
The "Not a Thinq" Club.

SirIve heard of bapayers who struck three
the
believe
football
Holy Cross eleven what Princeton
replied ii
was-Pnceton, Holy
knock at Pr:nceon-or At Holy Cross? NASSAU
The Washington times., 1913-11-05
Honor Jack Barry.

Jack Barry, the unassuming but ALL
powerful shortstop of the Philadelphia
Athletics. has been honored in his home
town with torch light parade, recep-
tion and banquet. That's the way to
greet the homecoming heroes of the
worlds series. The fans OF Worcester.
Mass, though shut out from the big
leagues. keep their memories green.
The Washington times., 1913-11-05

We'd concede Harvard if a bloke
Baker wasn't the Princeton STILL Pittsburgh
Saturday with the ends guarded by Wagner and Collins
The Washington times., 1913-11-05

bloke nhale
jammed in the middle the Just
peeled shifting
column doubles Speaker and Crawford Fromme
ofside
of is grab mashe scramble affairs still further