Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-03-28
OUT OF PRISON,
REFUSES TO DIE
Wizard Of Finance Has Cap
itaI to Float Great Coast
wise Shipping Line.

when warn and ruShorS Of war had
made folk in Europe stick tighter to
their coin than DR.. friedman at nrst
did to the secret Of his tuberculosis
germ culture.
Evidently the London bankers did
not expect that Morse would drop BY
the wayside. Nor does . term In an
American penal institution have any
bad effect upon tho English financial
mind. The late Charles r. Yerkes had
no trouble in getting big English in
terests behind him In his London tube
and other enterprises In spite Of the
handicap of being 4 "ticket Of leave
man." Morse found that his post
graduate course in Wall street finance,
taken in the Atlanta penitentiary, did
not hurt his business chances In the
slightest.
The situation Is brilliantly illuminat.
ing to the men who for days have been
discussing the case of the prisoner
who went back to Jail for life because
he could not get chance - an ex-
convict. 1t shows how it all depends
on the man. after all. and that stone
walls do not prison make nor iron
bars a cage II the fellow inside doesn't
see it that way and can consequently
impress the fact on others.
But one month ago DR.. A. L. Fowler,
who recommended the Morse pardon.
said OF him: HE is doomed man.
He is no nearer complete recovery
than he was year ago. when he was
pardoned."
Smiled at Doom"
Said doomed man. looking over his
agreements with the men Of English
money as the liner hurried along
across the ocean. must have smiled.
Just what Morse has up his sleeve Is
not entirely understood by Wall street.
Careful perusal of the financial dis
trict's pet organs shows that during
the last six months he has been cred
ited with being the moving factor in
every change Of ownership In shipping
lines Of the coastwise order that has
been made in this country.
The plans he holds are said to in
clude line Of ships that will operate
from New York to the north. taking In
Boston and Maine ports and placing
them in communication with Canada.
To the south he has In mind the estab-
lishment Of line from New York to
Panama. taking advantage Of the ca
nails opening to bring his ships into
play as competitors with the Pacific
roads. A division that takes in the
rapidly advancing and generally under
estimated South American trade is also
charged to be in his scheme. Now
the South American traffic is directed
to Europe. and passengers coming
from South American ports commonly
arrive in New York via England and
France.
A Winning Combination.
But it is the coastwise trade. with
New York at one end and Panama at
the other end. that chiefly interests the
big folk Of commerce.
1t IS impossible to get the average
man and woman to stand hitched to
any statement that has technical
ring. They shy from "differentials"
and the 'long and short haul clause
as though both contained some posi-
BILE evil But Morse. with his cunning
for trade, knows that under the tech
nique Of transportation there lies a
pot Of gold greater than that supposed
to be at the foot of the rainbow and a
"blawsted sight" more tangible and
possible Of development
But few months ago the interstate