The Lynden tribune. [volume] (Lynden, Wash.) 1908-current, 1913-01-16
news FROM OUR
! NATIONAL CAPITAL
inancier Says Control Of
Money in Bad Hands Might
/ Cause Trouble,

gone far enough" that 'in bad hands
- would have bad effect upon the
aation. that the safety Of the situation
Il Hes In the personnel of the men in
eontrol and that present conditions
Are mot entirely comfortable for the
4 eount-y" were few OF the statements
aoy George F. Baker. master of finance
- the climax of an examination be
4 1ore the house money trust committee
Mr.. Baker reviewed in detail the
operations of himself, his bank. the
FIRST National Bank of New York AMI
P. Morgan & Co.. in the issuance o:
4 bonds
4. ''In Wall street." said Baker, Nor.
91n is recognized as the great general
- the financial army" He admitted
that he and James Stillman were Nor.
z8an's chief lieutenants. saying:
Morgan could be the dominant fl
DAncial power Of the world If he were
younger" Concluding his testim ony,
Baker admitted that the wealth Of the
alton had been greatly concentrated
turing recent years.
*osmoerats viii Hold UP Appointments.
Democratic senators held a caucus
*1nd decided to stand pat in their op
position to confirmation of Taft ap
Y EDointees.
4 The republicans having refused tC
fo0operate with democratic commit
zee to consider the nominations with o
view to determining what should be
they determined to hold up everything
but army and navy promotions ano
4he diplomatic appointments.
Postmasters and other civil appoint
aments 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 II it takes a filibuster to
enforce their protests.
Republican senators profess to be-
lieve there will be wholesale confirm
alton before the session Is much old
er, but 1t 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 Information
al Mercantile Marine. the 100000 900
American corporation controlling nu-
merous foreign and American steam
ship companies. with J. P. Morgan as
the chief witness. is contemplated,b
the house committee on merchant ma
rine In connection with its hearing Of
the yso-called shipping trust. Mr. Nor
gan Is believed to have organized this
great company and to control its
stock.
Chairman Alexander. Of the COM
mittee, announced that Mr.. Morgan
probably would be subpenaed immedi-
ately upon his return from Europe.
p. A. 9. 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 lear fu-
ture.
Reduce Number Of Customs Employees
The plan OF customs reorganization.
comprising a revolutionary change In
the boundaries of customs districts,
10 so close to completion that within
q month Secretary MacVeagh. OF the
treasury department. expects to sub
NIT the scheme to President Taft for
approval. II becomes effective July /.
The plan contemplates the reduc-
ton Of the number OF existing $50
customs districts to so. With a few
exceptions each state will constitute
one customs district.
Senators and representatives are
bonn harding the department with pro-
tests against contemplated action in
their states or districts.
National Capitol erevitIes
Senator Borah has introduced q Dill
giving settlers on government reclaim
alton projects 80 years in which to
make payment for water rights. and
them from payment OF In
terest on the S20. 900, 900 loan authoriz-
cd q year ago.
Representative Hayes OF California.
has introduced a bill to amend the
alien contract law. The amendment
allows the entry Of musicians. actors.
lecturers. ministers and persons b.
longing to any organised learned pro
fession.
Nearly 100000 parcel post pack
ages were sent through the postoffices
of the so leading cities OF the country
in the first week Of the operation OF
the new service. according to reports
received by Postmaster 0ensEA Hitch