davidaulloa/AmericanStories huggingface dataset:
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-01-03
e1blie Criticism Too Much for
J. r. Morgan.
Grieved ct Change IN Nations
Sentiment.
NEW YORK CENTRAL SURPRISE
Comment on Morgan's Resig-
nation From Presidency.


New York. Jan. S.rThe announce
ment Of the retirement OF ]. r. Nor
gan and four Of his partners. from
thirty directorships in twenty-seyen
-corporations and Mr.. Morgan's refer
ence to the change in public senti-
ment in regard to directorships, has
called attention to the fact that five
important recommendations of the
Pu1o committee are already being put
into effect in advance Of legislation
abandonment Of fiscal agency agree
ments such as existed between the
New York, New Haven and Hartford
railway and Morgan and Company,
the abolition of interlocking director
ates, the abolition OF voting trusts. re-
forms in the stock exchange and re-
forms in the clearing house.
Whether Mr.. Morgan will decide to
withdraw from the directorate Of the
u. 8. Steel corporation was the sub
5ect OF q great deal Of speculation to-
The general opinion II that as the
so-called trust was the greatest Of the
Morgan creations and was considered
by the elder Morgan the browning
achievement Of his financial career,
his son will consider 1t hts duty to
remain identified with IL In an active
ment suit has been decided one way
or the other. However, the Morgan
frm was no less actively identified
with the financial development Of the
New York Central lines. for which Mr..
Morgan was the banking sponsor
throughout the greater part Of his
career.
Began With the Commodore.
His connection with its affairs dat
ID from the time of Commodore Van
derbilt and during the time Of VIM H.
Vanderbilt It was through Mr.. Nor
L. kAa<
placed enormous sums of money in Sc
ourities of the road The resignation
~ the president, ]. p. Morgan, from
8 the New York Central directorate. was
one OF the most surprising features of
his announcement.
J. p. Morgan's friends say that he
hes been not only depressed by the
change In public sentiment during the
last few years. but that he has been
deeply grieved over the criticism of
the firm In connection with the at
fairs Of the New York. New Haven
= Hartford Railway company.
Robert 8. Lovett. chairman of the
Union Pacific Railroad company, in
commenting today on Morgan's action,
said: II think strong bankers on
railroad boards are very desirable. but
1t all depends on who represents the
railroads on the board"
"A. Barton Hepburn, chairman OF
the Chase National bank. expressed
the opinion that interlocking director
ates were a good thing, 30 long az
they did not result in unlawful
monopoly.
Il have found in my personal ex.
pertence." he added. that by being
upon the boards Of certain corpora
tions, am able to get . much bette,
khowiedge Of their financial standing
Used Tor such purpose. being q di.
rector ON one or more corporations i,
by NO means injurious or unlawful
OF course, where the knowledge
acquired through interlocking direc.
torates IL used for selfish profits thu
custom n to be decried."
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-01-03
RIGHT GIVEN TO
KANSAS BANKS

CONTINUED from Page One.)
approved by q majority of all the
votes cast at such general election"
That provision. however. is not Vi
tai in the opinion of the attorney gem
eral, as the courts in the Pape case
held that the election provision held
only to banks of issue and did not
case. Dawson holds, Is in point in the
present controversy.
Dawson's Opinion.
In his opinion Dawson says In part:
"In the face Of the language Of sec.
40 of the general statutes OF 1903.
which reads in part as follows: No
bank shalls - invest any of its
or corporation. the question seems to
present some difficulty. At the time
Of the receipt Of your letter I had not
yet seen copy Of the new federal re-
serve act. have now received such
copy and after examining it with some
care I believe that the state bank OF
Kansas may become members OF the
new federal reserve banks to be or
ganized under the federal law.
Banks holding stock in such re-
serve banks are not permitted to
transfer or hypothecate such stock
But when such member bank liqui-
dates 1t may surrender its shares and
receive the amount Of it's stock sub
scriptions. And If a member bank be-
comes insolvent. it's stock il cancelled
applied: First. to the payment Of any
debt owing by such member bank te
the federal reserve bank; and the bal
ance Is paid to tho receiver Of the
member bank. The moneys of the
federal reserve bank are applied
ond. to the payment Of q per cen,
dividend to holders Of stock; and
third, the balance goes to the fedora
government as a franchise tax. ex'
cepting that one-half OF such balance
up to 40 per cent Of the capital is used
stock OF the federal reserve banks are
exempt from taxation.
I'm my opinion. the section quoted
from the Kansas banking law prohibit
their funds in ordinary banks and or.
binary corporations and that the legis
! lature at the time Of the passage o.
that law had no other banks or corpor
ations in mind and did not contemplate
the existence Of a federal bank or in
tend to restrict the state bank Of Kan
sas from participating in the benefit
of federal law, having as its purpos,
the providing Of an absolutely safe in
vestment upon reasonable rate OF in
tereet and means Of discounting IL
commercial paper and receiving II
exchange therefor circulating note
backed by the federal government.
Our supreme court has had coca
sion to cite with approval the Capito
bank case several times In its later de
cisions. and in my opinion, there 4
fully as good reason for holding at thi
time that the section Of the Kansa
banking law referred to has NO applica
ton to and does not restrict the stat
banks from becoming holders Of stocl
in the new federal reserve bank tina
may be organized in the district tina
will include the state Of Kansas"
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-01-03

Newbur9h, n r, Jam Some
what footsore hut full Of courage.
General Roaa1fe Jones and her suf-
fraxist mArchers left Jones Point this
morning. III tan Of snow, enroute
for NewhurGh, through the Pa1isAdeo
state park. past West Point ana over
tWo steep mountndna, OLD Grow Net
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-01-03
TODAY'S MARKET REPORTS.

Chicago, Jan. s-CORN-lntsrest On the
board Of trade today centered In . sharp
decline IN the price Of corn January de-
opened this morning cent lower and
within an hour had fallen virtually an
additional cents to slh cents. Active
ON the list. but the heaviest pressure was
on January. The heavy stock hare was
said to be finding no adequate outlet.
owner was said to have hedged by sales
OF May. On top Of all this came Of heavy
rains in Argentina. inauring huge crop
to 1c lower and went down grade without
interruption. Tho declines in May and
December deliveries, however. averaged
only about half commission.
weakness. The close was steady. &c to
1xc under last night A decided element
OF weakness In the market was the tact
pectsdiy msaser. before the close Of the
sesslon. however. prices In tho pit rallied
to some extent owing to demand which
esvs,0pea e smcns snoEs =, ,Mc S.ossd
with last night
WHNAT-Wheat showed strength on
reports Of increased speculative buying
Argentina continued unfavorable. PrceG
started shadelowe to x0azc higher.
hardened some. then reacted.
renewal Of buliish sentiment: the Gloss
was firm at 1k@7tc net advance.
OATS--Oats weakened with corn. Do
clines though were not Of q radical kind
PROVISIONS Provisions weakened
under free selling due to bearish figures
regarding stocks on hand. First salel
varied from the same rs last night to
1z1kc OF and later went down much mora
Chicago Grain Market.
| 1.-THE range OF prices for grain futures or
the Chicago Board OF Trade AZ reported
by Thos- J. Myers. Broker. Columbian
Bldg.J
Chicago. jan 4
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-01-03

w SBuW0uOW00 G1UStI1C O313 U3z1
New York stock Market.
Wall st.. New York. Jan. 4-STOCKS-
Trading WAS unusually light At the OPEN
point Through tho rest Of the list there
were no changes OF significance. although
after the initial transactions, the leaders
shPwed = tendency to shade OF .liE ,;
the leading stocks which depressed the
market abruptly after z quiet opening
T E,.., apparently .,y OF IroassssonI Srisin 1
lateral bonds and increase In business
failures Of the week continued tightness
of money and important additions to the
ports Influenced the market adversely at
first but the tone improved toward the
close.
New York Money Market
New York. Jan. a-AONEY-Money on
cal nominal No lcans. Time loans.
steady: and % DAY: and . monhs. 4k@s
CLOSE: Sterling exchange, steady: 90
days: 80 IS. demand. $A.sk.N. CONNER
s1LvER-Bar silver. size: Mexican dol
BONDS Government bonds steady. rail-
road bonds heavy.
New York Sugar lsarAe4
STEADY: Muscovado. 1se@zm; Csntrifusai.
| S116e1; molasses. 1N0A4s: refined.
steady. -
New York Cotton Market.
New York, Jan. &-CorToN-epot
quiet: luddling. 1910; Gulf. 1z@.
wichita Live stock Market.
Wichita, Kan. jan 3.-HOG6- Receipts
goo; Market higher. Top. T.se; bulk Of
| CATTLE[Reecipts 100 Market steady,
Native steers. sa5o6e. Is: COWS ana heifsrs.
stocS cow md helee e - Soess &: buis'
H.Soee,oe: calves. Seoode.sc. '-'-'
|
| q. Joaeph Live stock 1sariess.
Msrlst sfesSv to stronS' Ton a n. hmiE
" c srrTrf x - non. Hr.rr.& ,o,,.
inaily sfeady. Gteerr. 6.E00e 76: cows and
ST1EEP~Receinta nome. Market nm
changed Lambs. $7.so0e1o
|
49,. c, my 1--we Soc s sss ns...
i, ~ Hns19 Slex' sea.
. 10y. = 1aIKee cents mSnee 6uiH OF
.nd h,tc S n ~ se vxst g 49, 81:
Pig, SM@a.ea
Market steady. Prime led 9toer1b v0to0
w; dressed nee9 .steera V-30A.A0; west
stocS co ~ sSSr. tnsH r.. ,,,iS. e n
T;a HE Sa5vss; sS 7SS M.,t.t .t..av
xsfher: ooSs "a: 49, zs:la y - =. SeocR.
ers and feeders. ss.soos.1.
r.,sr.~n vAve Secr,ar na.rA>A
e~ AAsS osssCA 1.~Sae~
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-01-03

,.
.,GI ncsH0: Soms -" kahz A1-Ciose. may
sHc; yqiy: saAe. ~r.
S C1nC 1sy' 49, 80 Jug. 49,
OAnnTMay. 17sc; c~.y, s.Nc:
FoRK-!anuary. 1917: Nay. $03
c11npT pTnay, s."".: aAsx Ii $ g.
SHORT A16o-January. <VH: May
VILE.
$1,000
1Ave1p0ol Cram A1arket.
Liverpool. Jan. 3-WHEAT = Spot,
steady: No. red, western winter. q Nd;
No. / Manitoba, q Id; No. 2, 77s "a; No.
CORN-Spot, quiet: American mixed.
e Cd.
Kansas City Produce Market.
Kansas City, Jan. 3.-wHEATACaSh:
Market unchanged to Nc higher. No.
hard, S35k96ec; No. B. e2h0oSc: No. red,
91001hc; No. 3, S81<@909kc-
No. mixed. es3xc; No. !, 03kc: No. :
white, 681z9eec: No. 3, 671kc.
OATS-Market unchanged. No. Z white.
4Oszc: No. mixed. SC.
RYEeMarket unchanged.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-01-03

hoGs Or pisa ~ ~ cannot ne then fer
yackinS purpcses end I'm hevs e buy 6
able % TO reship to tho River marskot. -
e ~ your 1oy4nta80 ~ well a. 0Uea ~
good. = = .ss>s
narhst price paid tor dfy lot cattIo.
advfelng number Of head ouality. ~
ana length Of dime ON t6ed. Ne VIII msfS
you An ofer o. afranGe tor our buyGf1
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-01-03
ALL READY FOR
BRYAN BANQUET

{Continued from Pags One.)
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-01-03

wichita Live Stock Market.
Wichita, Kan. Jan. 3.-HOG6EReceipt
60o Market higher. TOP. $7.s6: bulk Of
sales, %7.75@7.s6.
CATTLEReecipts 100. Market steady.
Native steers. se.5O0e.z6: cows and heifsrs.
36.00@600; stockers and feeders, @6.60@D7.26;
stock COWS and heifers, &lBo@&5; bulls,
14.60&e.0o: calves, Sk009o.6Q
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-01-03

st. Josep, Jan. &-HO0S- Receipts 5000.
Market steady to strong. Top. sos: bulk
OF sales, H.7607.90.
CATTLE-Receipts none Market NOM
inally steady. Steers. @6.600e76: cows and
heifers, $6.60610.6A
SHEEPeReceipts none. Market un-
changed. LAmbs, $7.5004.10.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-01-03

New York Cotton Market.
New York, Jan. &-COTTON-Spot,
quiet; dddling, 1910; Gulf. 11@.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-01-03

CONTINUED from Page One.)
The Washington herald., 1914-02-19
NO CLEW TO GIRLS SLAYER.
Aurora Police Admit They Are
stumpIed Over Brutal KILLING.

Aurora, H.. Feb. lS-With one man
in Jail and another being watched con.
stantiy by detectives. the police OF Au.
rora today admitted that they were far
from solution Of the most brutal and
battling murder in the history Of the
city-the beating to death of pretty
Theresa HOllander. twenty -ycar-old sec,
retary of the local lodge of knights and
Ladies of Honor.
Anthony Petras. the girls former
suitoT, stolidly maintained his innocence
and accused Walter Hickman, negro,
who has admitted that he was on the
street car that Miss HOllander left near
the scene of the ira ;edy. Hickman. who
called at police headquarters voluntarily
and since has been guarded by detec-
tives. declared that Petras must have
committed the act. Hickman said nc
saw Petras get OF the street car and
run in the direction the girl was walking.
past the cemetery toward her home.
Police Chief Frank Michaels said he
did not believe Petras was strong enough
to have won the long struggle with the
girl. killed her and then dragged her
body into the cemetery.
The Washington herald., 1914-02-19
Halt IN NEGOTIATIONS
IN new HAVEN CASE
Inability to Agree on Rights of
Financial Interests and the
Public Reason.
CHAIRMAN ELLIOTT HOPEFUL

Negotiations in the Department Of Jus
tice to separate the Boston and Maine
Railroad from the New Haven system
were halted abruptly yesterday when
Chairman Howard Elliott. OF the systems
executive board. left for New York Mr..
Elliott will attend meeting of the board
of directors in New York today
Inability to reach an agreement on the
rights OF financial interests and the gem
craI public is given as the reason for
the momentary halt in the negotiations
Mr. Elliott ended his participation in
the conference shortly after o'clock ana
left for New York within an hour.
1T has taken twenty years TO build
up this system" he said, land il can
not be rearranged in a day. However
am confident that the dissolution agree
ment will be reached WITHOUT suit and
will be accomplished within short
time"
The bone OF contention is the method
of reorganizing after the Boston and
Maine has been placed in the hands Of
trustees. The railroad officials already
have agreed that the sale OF stock should
be accomplished within relatively short
time.
At one time during the conference yes
terday the New Haven representatives in
timatcd that they might carry on the
fight before they would permit a sale
OF the Boston and Maine stock at prices
which would "deplete the assets
The Washington herald., 1914-02-19
GEORGIA PAYS LAST
TRIBUTE TO Mr.. BACON
Senators Body Lays in Rotunda Of
State Capitol for Several Hours.
Mourned by State.

Atlanta. Ga, Feb. Is.-Thousands OF
Georgia's citizens gathered here today 10
pay tribute to tn" memory Of Senator \
O. Ba acon. whose body lay in state for =
few CUurs in the ro;Unda OF ihc capitol
The day was one of public mourning.
Flags on all public buildings were at half
mast. and the corridors and rotundu Of
the State house were drapcd in sOE,ber
black
When the funeral train arrived shorty
before noon from Washington, where
Senator Bacon died last Saturday, mem
bers of the party who accompanied :ne
body from the National Capital were met
by officials OF the governors staff and
escorted to waiting carriages. The cOf-
lin. covered with a bank Of flowers, was
carried between double lines of cadets
and National Guardsmen TO the waiting
hearse. A company of Confederate vet
Grams formed a special escort about thS
body Of the dead statesmen. who himself
had fought beneath the Stars and Bars
Led by the military band from Fort
Mcpherson, the United States regulars
headed the procession to the ,ap!tol. The
cortcge marched through donseiy crowd
cd streets. People stood with barred
heads as the body OF the late Senator
passed by.
At the State house Gov. John NJ Sla-
ton met the procession. and. accompanied
by state officials, led the way TO the ro-
tunda. where the military palIbcarers
placed the body upon a black -draped cat
afalqUc.
After services in the capitol the cs-
cOrt accompanied the body back to the
train on which it was taken to Macon,
the late Senator's home.
The Washington herald., 1914-02-19
SUFFRAGE In DISTRICT
INDORSED AT MEETING
Minnesota Avenue Improvement As
sociation Will Bring Pressure
10 Bear on Congress.

The annual meeting of the Minnesota
Avenue Improvement AssOCia ton, held
last evening in the Office Of DIR. Upton
5. Howser in Nichols avenue, resulted
in the unanimous Endorsement Of SUI
frase in the District. and the Congress
sonal committees will be urged to give
this matter their early consideration.
The attitude of Representative Clyde H.
Tavenner on this subject was indorsed.
and he will be communicated with. in
the hope of enlsting his efforts TO bring
about the desired results
DIR. HOwser criticised tn" present form
Of government and pointed out what he
believed would be advantages 10 the cit
izens il suffrage were in vogue.
The association also favored the forma- =
ton OF a Central Welfare Association in
Anacostia. as proposed ny several other
organizations, and voted to recommend
that the membership In this new body
he not restricted, as contemplated. to two
members from each existing uTEaniZa -
tiOn. but that any citizen be permitted
to affiliate with 1t.
The following officers were elected: !.
T. Herbert, president: Charles F. Linger,
vice president: Mr.. Bridget. secretary.
and Rev. George NJ. Cummings. treas
urer.
Under auspices OF the Ladies Guild
OF Emmanuel Episcopal Church. a com
edy was presented last night in the psE-
ish hall in V street Mrs. Joseph King.
president Of the guild. was in charge
Of the entertainment. The proceeds Of
the affair will be used to further the
work OF the society.
The Washington herald., 1914-02-19
ONCE NOTED ATHLETE
DIES WHILE AT WORK
John L. Robertson. Friend of Presi-
dent Grant. Was Boxef and
Qarsman-

Famous rs an athlete during the ''re-
construction days" and popular with
President Grant. John l. Robertson,
scventy-three years old. Of 1906 Fl street
northwest. died suddenly yesterday morn
ing at the War Department. He was en-
ployed as a clerk in the adjutant gen.
erals Office.
During President Grants administra-
ton, Robertson was considered one OF
the greatest athletes in the East. He
often boxed with Algernon Sartoris. SON
in-Iaw of President Grant
Besides being a boxer. Robertson was
famous as an oarsman, and for years
has been an honorary member of the
Analostan Boat Club.
For foTty-one years he was employed
at the, War Department. He was a ma
tive orTrenton. y. j.. and has brother.
James l.. Robertson. in New York. John
l.. Edwards. real estate agent Of this city.
Is a cousin.
Funeral services will he held tomorrow
morning at o'clock in the parlors OF
Joseph \. Gawlcr & Sons.
The Washington herald., 1914-02-19
POLICEMEN FEED WILD BIRDS.
Mounted Officers scatter Grain in
Rock Creek Park.

In keeping with practice begun many
years ago. quail and other wild birds
making the District their home are being
fed during days while snow is on the
ground by mounted policemen who patrol
the outskirts OF TIE city.
Maj. Sylvester. warden of the Game and
Fish Association Of the District. has pur-
chased a large quantity of grain and
mounted policemen for the past five days
have been scattering il in Rock Creek
Park and on the outskirts of the District
lines
1t is hoped eventually to make Rock
Creek Park n game bird reservation. and
Maj. Sylvester belle J by scattering a
large quantity OF rain there during the
bad winter days quail and other birds will
make that section nf the city their per-
manent shelter.
The police will continue To- scatter feed
to the birds until the snow is of the
ground.
The Washington herald., 1914-02-19
ACTION IN "M1DDIEs . CASE.
Recommendation Made I'm Regard
Mcclure, Bungert, and McGowan.

Secretary Of the Navy Daniels yester-
day sent to the President for approval
recommendations in the cases OF Mid
shipmen Mcclure. Bungert. and Nc
Gowan, whose dismissal from the Naval
Academy has been advised by the Naval
Academy authorities. From the fact that
the law provides that action shall be
taken by the President only IN cases in
volving dismissal. II has been inferred
that Mr.. Daniels recommended the dis
missaI Of at least one of the midship-
men.
Midshipman Mcclure was charged with
improperly using notes to aid him in a
recent examination, while Midshipmen
Bungert and MCGOWAN are charged with
having given false testimony in the
course Of the investigation into the Nc
Clure case.
The Washington herald., 1914-02-19
MUST KEEP TAB ON BAD BOYS.
Juvenile Court Records Necessary
Despite Mothers' Congress Plea.

\ court without any record Cf eases
would be a strange institution, officers Of
the Juvelinc Court said yesterday. COM
mcnting on the desire OF the Mothers
Congress that the names OF all children
be kept off the Juvenile Court records
We would gladly comply with the
wish.' said one attache. but suppose a
very bad boy keeps on coming in here,
how are We going to keep tab on him
and his work without some record of his
past deeds?"
The mothers also arc in favor Of cstab-
fishing a medicine chest at the Juvenile
Court as a means Of first aid TO anybody
who may need il.
The Washington herald., 1914-02-19
PLAN FOR ATLANTIC FLIGHT.
oner of Langley Laboratory Ac-
ccptcd by Aero Club.

New York, Feb. B.-The board Of gov
crnors OF the Aero Club of America to-
day appointed committee to develop
plans for the Rodman Wanamaker flight
across the Atlantic. The first step taken
by the new committee was to accept the
offer of the Langley AerOdynOmical Lab
oratory rendered by the Smithsonian In
stitutc.
With the acceptance of the offer IL was
announced that model would be con-
structed and placed under rigorous tests
at the laboratory. From tho expert
cncc gained from these tests. the Wana-
maker flying boat will finally be con-
StTIctpd.
The Washington herald., 1914-02-19
Mrs. John 4. Logan Better.

The condition of Mrs. John y. Logan n,
who accidentally swallowed a small por-
tiOn OF poison in mistake for cough med
icine. was reported TO be much improved
last night.
The Washington herald., 1914-02-19
O'Brien Returned to Parliament.

Cork. Ireland. Feb. 1S.-William O'Brien.
leader Of the Independent Irish Nation
alists, who recently resigned from Par
liament because it was charged that his
political influence was waning, was re-
turned to the House OF Commons from
Cork today. His election was IInopposed