Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1914-01-16
.''.''.'.''."..''.".. :
The NATIONAL CAPITAL
Events of Interest from the Seat
of Government.
nv j. T.. JONES.
Intcrluck DirectUrHtes.

is faN ored-of the control of large
variety of interests by local capitalists.
This may have its headquarters in a
local bank and reach around the af-
fairs CT a small community, or in a
LARGER sense it may envelope the bank
ing and commercial interests of cities.
Int Rocking directors, which have
been vigorously criticized in the past
year or two as the result of the Pujo
congressional investigation of the
Ill Nney trust, extend their influence
over national affairs through the man
iDulation of the finances of great
banks, trust companies, and insurance
companies. Likewise the great cor
porations, including the railroads,
steamship companies, telegraph and
telephone lines, and other industries
are within their power. Therefore it
was of importance to the country
when the partners of the banking firm
of J. p. Morgan and company announc-
ed it's members had retired from the
directorate of some score of corpora
lions.
The announcement says that the re-
tirements are due to public senti-
ment." That public sentiment never
was better expressed than in words
attributed to President Wilson, who
said: "The great business transac-
lions of the country are privately con-
trolled by gentlemen whom l can name
and whom will name if it is desired;
men of great dignity of character;
men, as l believe, of great purity of
purpose, but men who have concen-
trated in their hands transactions
which they are not willing to have the
rest of the country interfere with"
Deputy President TumuIty.
How few people in the United States
realize the real governing power of
the nation. Every one knows that
President Wilson is in Mississippi do
| ing his best to get vacation, but
en- the government along with him.
On the contrary, practically all of the
details of the executive Office are car
ried on in Washington, exactly as
though the president were here. Pres
ident Wilson is fortunate in having a
private secretary of wonderful capac-
ity-and he leans heavily upon Mr.. 10
seph Tumulty. Tumulty appears to be
able to run the government of the
United States quite as effectively as if
1.-THE old man" were here himself.
No Mines in Panama.
| A great many people wonder how it
is possible to attack so many big hills
on the Panama canal route without
striking ore of some kind, but it has
been determined by the official geolo-
gists of the Isthmus canal commits
sion, who have examined number Of
Placer claims in the region of the Ga
tun river and tributaries lying within
and without the Canal Zone, that in
no instance was gold found in paying
quantities, and that this territory is
not one for mining purposes.
Young Fighting Blood.
Young America is showing an eager
desire to enter the enlisted ranks of
the army, and army officials find that
the enlistments for the last two
months of the old year were above the
normal In Washington it is declared
that this is not result Of fear on
the part of young men that hard times
are ahead, but desire to enlist for
what the young men believe to be real
service ahead of them.
Every Banker DOM 1t.
! Bankers all over the ountry are fall.
ing over one another in the rush to
get in their applications for participa-
ton in the new banking system inau-
gurated under the new currency bill
A week from the time the bill was
passed one-fourth of the national
lions in the hands of the treasury de-
partment at Washington.
+ Prosperity the Next Station-An
Aboard.
Secretary of Commerce Redfield
seems to be the official prosperity
booster for the administration. Red
field is cheerful, even when the stock
market comes humping along close to
the ties. This optimistic cabinet off.
Ger admits there has been normal
hesitation" in business, which he says
was only due to a desire to find out
what the final form of the currency
bill would be.
In the same way there has been
natural hesitation until something
was known of the policy of the ad-
ministration toward the so-called trust
problem" The railroad problem has
also bppn a factor in tho "bacitati ion -