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About The commoner. (Lincoln, Neb.) 1901-1923 | View Entire Issue (Feb. 3, 1905)
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FEBRUARY 3, 1005
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James J. Hill on Trusts and Pooling
i james j. 1111. nresiuent 01 tno
Northern Securities company, recently
gave tho New York World an inter
esting interview. Mr. Hill said:
"Tho most offensive word to the
American people is 'pool railway
pool.' Any administration or con
gress that attempts to legalize rail
way pools' will be quickly turned out
by an uprising of the people.
"There is a very simple method of
dealing with the trust question. Let
it be made necessary for any indus
trial corporation that wishe3 to do an
interstate-business to secure a federal
license; but before that license is is
sued the corporation must prove that
its capital is real money and based
upon actual value.
"A majority of tho trusts nowa
days are tho products of promoters
who hastily gather in two or three con
cerns, whitewash them over and over
again, issue sheaves of printed securi
ties and carry them down to Wall
' street to feed the lambs.
"The general business of the cou
try i3 not booming it is only quietly
and moderately prosperous.
"The retail business of Chicago, the
fastest-growing city in the country, is
down 10 per cent this year.
"The effect of proposals to do radical
things against railways and other cor
poration interests is already being felt
in a checking .of business.
"I have confidence in President
THE VALUE OF CHARCOAL
Fw People Know .How Uacful it is In
Preserving Health and Beauty
Nearly everybody knows that char
coal is the safest and most efficient
disinfectant and purifier in nature, but
few realize its value when taken into
the human system for the same clean
Charcoal is a remedy that the more
you tako of it the better; it is not a
drug at all, but simply absorbs the
gases and impurities always present,
in the stomach and intestines and car
ries them out of the system.
Charcoal sweetens tho breath after
smoking, drinking, or after eating
H onions and other odorous vegetables.
Charcoal effectually clears and im
proves the complexion, it whitens the
teeth and further acts as a natural and
fc eminently safe cathartic.
It absorbs the injurious gases which
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COlieCL III IUB BLUWtu;ii ttiiu uuiycjb; iu
I disinfects the mouth and throat from
f the poison of catarrh.
All druggists sell charcoal in one
form or another, but probably the best
charcoal and he most for the money Js
in Stuart's Charcoal Lozenges; they
are composed of the finest powdered
Willow charcoal, and other harmless
K antiseptics in tablet form or rather in
the form of large, pleasant tasting loz-
E enges, the charcoal being mixed with
The daily use of these lozenges will
tt. EOOU T.U11 111 l jxiuuu xuiiJiuvuu uuuui-
iw Lion or me general neaim, Deuer com-
Fploxion, sweeter breath, and purer
h blood, and the beauty of it is, that ro
poiTible harm can result from their
cci-tinued use, but on the contrary,
h groat benefit.
A Buffalo physician In speaking of
Kthe benefits of charcoal, says: "I ad-
fcvise Stuarts Charcoal Lozenges to all
patients sabering from gas in stom
ach and bowels, and to clear the com-
fcplexion and purify the breath, mouth
and tnroat; l aiso oeuovo me nver
K is greatly benefited by the dally use
cof them; they cost but twenty-five
scents a box at drug stores and al-
r though in some sense a patent prepara
tion, yet I believe I get more and
'-better charcoal in Stuart's Charcoal
.Lozenges than in any of the ordinary
Roosevelt that he will not damage the
business interests of the country.
"I believe that tho nrosidont. win nnt
wish to signalize tho beginning of his
new administration by hasty and ill-
considered action, although he is sur
rounded by some wild men who 3eek
to attack invested wealth
"Every railroad would be happy to
have rebates abolished and the law'
against them enforced.
"Why does not tho interstate com
merce commission prosecute President
Ripley, of the Atchison, if he has been
giving rebates? The law never has
been enforced nor any one prosecuted.
"A pool is a game in which you
hand over your property to another
man to divide a device by which a
weaker concern seeks to obtain an
equality with tho stronger.
"Tho inevitable law of nature is the
survival of tho fittest. You cannot
change that law by legislation. It may
work for a short time, nut in the long
run nature will triumph.
"A railway pool would help one town
and ruin the next.
"Tho Canadian Pacific railway once
put on a line of steamers from San
Francisco to its terminus at Vancouver
and cut the transcontinental rates. Tho
Transcontinental pool then in exist
ence paid the Canadian Pacific half a
million a year to discontinue business
out of San Francisco.
Who paid that half million? The
shippers, of course.
"Southern planters are burning their
cotton. Japan and the far east could
take 2,000,000 bales of our cotton, but
the past year they took only about
"Not long ago we made a through
rate for cotton from Galveston to
Hongkong and encouraged shipments.
The government ordered us to publish
our rate make it known to the world.
We declined and discontinued the rate.
The cotton is being burned.
"Ten years ago there were practical
ly no shipments of lumber from the
Pacific coast to the east. We (the
Great Northern) cut the rate, from 90
cents to 40 cent3. It was not long be
fore shingles were legal tender in the
state of Washington.
"In one year the Northern Securities
company reduced freight rates two mil
"The government says we must pub
lish our rates and have them all equal
ized even fixed by the government.
"Competition is the test that proves
the survival of the fittest
"No government has a right to put
a check on one and give a bounty to
"The people of ibis country are en
deavoring to expand their trade and
carry it it unto all parts of the earth.
The railroads are c prime factor in this
"Wo are not compelled to push this
expansion. Men with capital are not
forced to invest it in enterprises that
will be unduly restricted. We are do
ing pretty well just now and need not
"In tho five months from July to
December the Great Northern put to
its surplus account $5,200,000, or more
than it paid out in dividends.
"It is not tho magnitude of a busi
ness that works damage. Has the
enormous business of the Krupp com
pany injured Germany? Can any one
in this country point out an injury in
flicted on tho people which can be
traced to the magnitude of the Carne
gie company? mind, I say magnitude.
"The serious objection to trusts is
tho method of their creation not for
the manufacturing any particular com
modity, but for the purpose of selling
securities which represent nothing
moro than good will and the prospec-
Ifyouaro not reading 'Tho Truth About Frenzied Finance," now running In Public
Opinion, you arc missing oncof tho most instructive and interesting exposes ever published.
This sorlos of articles twclvo In number, ono appearing each wcok shows Mr. Lawion in
hlB truo colors. Ills "Story of Frenzied Finance1 is analyzed, page by page, and new light
is thrown upon this interesting subject. The author of "The Truth About Frenzied Finance"
Financial Editor of the New York Commercial
Mr. Donohoo knows whereof ho writes. He will toll the readers of Public Opinion
who Lawson is, what his methods arc and what his purpose Is behind the story of "Frenzied
Finance." He will tell tho truo story of Amalgamated Copper, fchorn of all tho exaggera
tion with which Mr. Lawson has adorned it.
This scriee of articles Is not written lu defense of Wall Street or its methods, or in de
fense of any Institution or person. It is bas2d upon the right of tho American people to
know both sides of every public question. Mr. Lawson lias told ono sido of the story; Mr.
Donohoe will tell tho other side, and ho will state Homo facts which Mr. Lawson has forgot
ten to mention or probably Would not like to have the public read at this time.
Get Public Opinion Today.
Thorc will bo twelvo chaptora to this story The first installment appeared on January
10th. In tho Issue of January 2Cth Mr. Donohoe relates somo of Mr. Lawson'H early exploits
in "high finance," beside which any revelation Mr. Luwson has yet made In tho "Story of
Frenzied Finance" looks like a talc of philanthropy. The Fcbruury 2nd number now on
sale at news stands describes t!io Lawson "machine" for stock manipulation. If your
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scription for the twelve issues containing this narrative. The chapters thathavo already
appcare'd will bo mailed to you, so you may follow the cntiro story, chapter by chapter.
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discussions of questions of national importance.
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or send 71.00 to us direct, using this coupon.
Other notable articles arc in preparation to be
published in a few weeks. Among them Is "A Na
tional Divorco Law," by Robert Grant, author of
"Tho Undercurrent"; a striking artlclo on tho Im
migration question, by Frauk IV Sargent, Commis
sioner of Immigration, and "The Lite of Women
Art Students In New York," by one of them all
44-60 East 23d St. Hew York.
eighteen years. It consists of forty
cek. Its columns ure devoted to
Mail This Coupon
With Ono Dollar
46-GO Eat23.l Street, New Yorlt.
Enclosed find one dollar. Enter
my name for twelve weeks' ub
ecription in accordance with your
tivo profits to the promoters.
"I do not include all trusts in this
classification, but a large majority of
"Any company desiring to do inter
state business should be compelled to
satisfy Oy federal department or com
mission that its capital stock was ac
tually paid up in cash or property at a
fair valuation, ju3t as tho capital of
national banks is certified to be paid
up by the comptroller of the currency.
"If a company claiming to have ten,
twenty or fifty millions of capital de
sires to do business in Minnesota or
California it is only fair to the business
man of the state that he should know
that tho company's solvency and
soundness has been passed upon l)y
the federal government and that its
capital is what is professed.
"Germany is our most active and
hardest competitor today in the mar
kets of the world. That is because the
German emperor never ceases, day or
night, to work and press forward the
best business interests of his country.
"President Roosevelt, I believe, has
grown more conservative and listens
to the advice of conservative men. I
cannot believe that he will insist upon
any measures that will check the pros
perity and commerce of our country.
"There has been some playing with
fire in Washington, and they don't
know just how to put out the flames.
"We as a nation have been too ready
to look to state and federal legisla
tion for remedies which are beyond
their power to give. The laws of trado
are as certain in their operation as
tho laws of gravitation.
"You might as well try to set a
broken arm by statute as to change a
commercial law by legislative enact
ment. "Let us leave well enough alone.
"That which is good let us keep, and
that which can be mad3 better let us
approach with intelligence and work
together for the accomplishment of re
sults that will benefit not only one, but
all the various states of the country,
and in that way secure the prosperity
of the individual and separate interests
Proof of Adulteration
Tho chemist of the South Dakota
food commission extracted enough coal
tar dye from a bottle of port wino
taken from an original package in tho
presence of members of the legisla
ture to dye a brilliant wine color nine
square feet of heavy woolen cloth.
From a bottle of tomato catsup he took
enough dye to color a like amount of
woojen cloth. A single bottle of pop
produced coloring matter of still great
er power. These facts seem to give
considerable color to tho charges of
food adulteration. Minneapolis Journal.
Onrea deep seated CougbB and Golds. Group and all
DroBcbialTronblea. 1.00, 60c and 516c. per bottle.
tmju &. - .fcjsa jtf' .wafe-A kgjgtiy.tafe.
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