Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1914-01-16
The NATIONAL CAPITAL.
Events Of Interest from the Seat o.
Government.

The Journal Bureau
by J. Z. JONES'

does not feel the evils-or benefits /
he is favored-of the control Of
large variety Of interests by Ioca
capitalists. This may have It's head
quarters in a local bank and reacl
around the affairs Of a small com
munity; or in d larger sense 1t may
envelop the banking and Commercial
interests Of cities. Interdocking di-
rectors, which have been vIgorousI,
criticised in the past year or two
as the result Of the Pu5o Congress
sional Investigation Of the money
trust extend their influence over ma
tional affairs through the manipuIa-
ton of the finances Of great banks.
trust companies, and insurance COM
panies. Likewise the great corpora
tons, including the railroads, steam
ship companies. telegraph and tele-
phone lines, and other Industries are
within their power Therefore it was
OF Importance to the iountry when
the partners of the banking firm Of
J. P. Morgan and company announced
its members had retired from the di-
rectorships ofsome score of corpora
tions. The announcement says that
the retirements are due to public
sentiment. That public sentiment
never was better expressed than in
words attributed to President Wilson,
who said: 1.-THE greatest business
transactions of the country are pri-
vately controlled by gentlemen whom
can name, and whom I viii name
if it is desired; men Of great dignity
Of character; men, as believe. of
great purity Of purpose. but men who
have concentrated in their hands
transactions which they are not VIII
ing to have the rest Of the country
interfere with"
Deputy President Tumuity
How few people in the United Sta
tas realize the governing power Of
the naaon. Every one knows thar
President Wilson is 10 Mississippi I,
doing his best To get a vacation but /
most people seem to think he has /
taken the government along With I
him. On the contrary, practically /
all of the details Of the executive Of
fee are carried on in Washington,
exactly as though the President were
here. President Wilson is fortunate
in having a private secretary of Won
derful capacity-and he leans heavily
upon Joseph Tumulty. Tumulty ap-
pears to be able to run the govern
nent Of the United States quite as
as if "the old man" were
here himself.
No Mines in Panama.
A great many people wonder how
t is possible to attack so many big
Hills on the Panama canal route with
Tut striking ore Of some kind but it !
las been determined at the official t
of the Ismus canal com
mission. who have examined num- I
,er Of placer claims in the region Of /
he Gatun river and tributaries lying
within and without the canal zone. I
hat in no instance was gold found
n paving quantities and thar this {
erritory is not one for mining pur- {
roses.
Young Fighting Blood.
Young America is showing an eager ,
Iesire to enter the enlisted ranks Of :
he army, and army officials find that ,
he enlistments OF the last two
months of the old year were above E
he normal In washington it is E
declared that this is not a result of i
fear on the part of young men that i
lard times are ahead, but a desire OF '
Mist for what the young men be- T
Ieve to be real service ahead of them. G
Every Banker Doin' 1t. 7
Bankers all over the country are 4
alling over one another in the rush a
0 get in their APPLICATIONS for partici- a
alton in the new banking system in
ugurated under the currency bill /;
week from the time the gill was II
assed one-fourth of the national f
anks of the country had their appli- a
atoms in the hands of the Treasury n
apartment at Washington. n
rospsrity the Next Statior-AlI q
Aboard.
Secretary of Commerce Redfeld =,
GEMS TO be the official prosperity ~
poster for the administration. Red .,
ED is cheerful even when the stoc- n
ct comes humping along close to n,
lie ties. This optimist can always
e boom just around the corner =.
owever the distinguished cabinet :,
ncer admits there has been a nor :.
al hesitation in business, which ne !.
VS. was only due to desire 10
Id out what the final form Of the !.