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14
The Commoner.
VOLUME 11, NUMBER 2
. ",,1-
WASHINGTON NEWS
An Associated Pross dispatch from
Washington, under of Juno 2, says:
Tho compromiso resolution adopted
by tho democratic caucus last. night,
bringing about a union of the free
wool and rovonuo tariff forces, came
ofllcially bqforo the houso today,
whon Chairman Burleson of tho
dompcratio caucus asked that it bo
read for tho bonoflt of tho house.
It reads:
"Bo it rosolved, That tho bill re
vising schodulo K, as presonted to
this caucus by tho majority members
of tho ways and moans committee, is
not; to, bo construed as an abandon
ment of any democratic policy, but
invlow of tho democratic platform
demand for a gradual reduction of
tho tariff and tho depleted and de
pleting condition of tho public treas
ury as a result of republican extrava
gance, a' tariff of 20 per cent ad
valorem on raw wool is now pro
posed as a rovonuo necessity."
Tho roforoncp to an abandonment
of democratic principles was greeted
with laughter and 'applause on the
republican side.
Republican discussion of tho cau
cus was prevented by objection by
tho democrats.
Tho bill to revise the wool sched
ules reported to and approved by
tho democratic caucus was introduced
in tho house today by Mr. Under
wood and referred to the ways and
means committee. It is to be re
ported when tho house meets next
Tuesday with the favorable recom
mendation of that committee
Representative Underwood, who,
with Speaker Champ Clark, led tho
fight for a rovonuo tariff on wool
from tho beginning of tho special
session, said:
"The adoption of this bill and the
unanimity with which it was re
ceived by tho democrats, many of
whom did not favor it as a policy but
who wore eventually brought to see
lis revenue necessity, demonstrated
again tho earnestness and wisdom
of the democratic house. As for Mr.
Bryan's attack on tho bill, I can only
say he has received his answer from
democrats who never bolted a
caucus."
Speaking boforo th'o house com
mittee, Mr. Gary, of the steel trust
declared that enforced publicity and
government control of corporations
must como, even as to prices. He
said he believed the Sherman anti
trust law was too archaic to deal
with modern situations and never
could fully prevent great combina
tions of capital. What tho United
States Steel corporation wanted, he
said, was some responsible and offi
cial department of government to
whom it could go and say "what
prices can we charge and just what
can wo dp?"
"Personally, I believe the Sherman
act," said Mr. Gary, "does not now,
and never will, fully prevent the or
ganizing of great combinations of
capital. I believe wo must come to
enforced publicity and governmental
control of corporations."
"Do you mean government control
even . as to prices?" Mr. Stanley
asked.
"Yes, even as to prices. So far as
EVERY DEMOCRAT IN THE COUNTRY SHOULD READ THE
SERIES OP ARTICLES ON THE DEMOCRATIC PRESIDENTIAL
POSSIBILITIES FOR 1012, NOW RUNNING IN
IS1 atio nal onthly
NORMAN E. MACK, EDITOR-IN-CHIEF.
In order that tho readers of The Commoner may have this aeries
complete the May number, containing the first article will be included
and will bo made a part of the following very liberal offer:
SEND $1 TODAY TO NATIONAL MONTHLY, BUFFALO, N. Y.,
SAY YOU ARE A READER OF THE COMMONER AND NATIONAL
MONTHLY WILL BE MAILED TO YOU UNTIL THE CLOSE OF
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National Monthly Is engaged in a big educational work In tho
Interest of the democratic party incidental to the 1912 campaign.
It stands for the clean, honorable, decent things in politics and in
public life and is a stalwart champion of democratic progression. It
stands solidly upon every plank of the democratic national plat
form adopted at Denver in 1908.
National Monthly Is a big, beautiful magazine, and includes among
its regular contributors many of the foremost men in the democratic
ranks. It is finely illustrated and aside from its Bplendid political
features, contains all of the features to bo found In the general
magazine, such as short stories by the best writers of the day-, pic
tures of current events, reviews, a monthly article (illustrated) on
the democratic women at Washington, a monthly transcript of the
forward steps women are taking in business and public life (this
uuius u. DumowHtti unLUiuiiL wuiuiiu h ueparcmentj, maintains a llvo
Washington bureau in order to keep its readers posted on the live
questions of tho day, conducts a funny story page and pays $5 for
the best story and $1 for all others used each month all of its
subscribers being invited to submit stories for this page in fact it
is a first-class magazine in every respect and one of wlilch democrats
should bo justly proud.
CO&DIONER READERS SHOULD TAKE ADVANTAGE OF THR
EXTRAORDINARY OFFER AND SEND .$1 FOR NATIONAL
MONTHLY UNTIL AFTER THE 1012 ELECTION ADDRF
NATIONAL MONTHLY, 204 MAIN ST., BUFFALO? N. DDRESS:
I am concerned, speaking for the
United States Steel corporation, I
would bo very glad if we could be
free from tho dangers and criticisms
of tho public. I wish we could go
to some responsible governmental
sourco and say, 'Here are our facts,
hero is our business, here is our
property and our cost of production,'
and could be told just what prices wo
could charge and just what we could
do."
The senate, by a vote of 48 to
20, agreed to select the Lorimer case
to a sub-committee composed of four
republicans and four democrats four
of whom voted for the conviction
and four for the acquittal of Lorimer
last session. The Martin resolution
was defeated.
A Washington dispatch to the Chi
cago Record-Herald, May 31st, says:
"Hale and hearty, vigorous of mind
and body, Associate Justice John
Marshall Harlan of the United States
supremo court, whose dissenting
opinions in tho Standard Oil and To
bacco cases have attracted wide atten
tion, will celebrate his seventy-eighth
birthday tomorrow. He is preparing
to leavo for his summer vacation at
Murray Bay, Canada, Referring to
tho renewed reports of his early re
tirement from the bench Justice Har
lan was emphatic today in saying he
had no such Intention at present.
'Tomorrow I will be seventy-eight
years old,' said Justice Harlan. 'On
December 10 I have been on the
bench thirty-four years. If I re
main there until June 10, 1912, I
shall havo served longer than any
other justice since the organization
of the court. Now and then I have
a strong wish to surrender all the
cares of office, but when I come
squarely up to the point I shrink
from the idea of retirement. I have
no desire to 'loll about on account
of my age.' "
An Associated Press . dispatch
says: "Albert Rosenthal of Phila
delphia, a portrait painter, started
the house committee in an investi
gation of the expenditure of the state
department with the charge that he
was paid only $850 for a portrait of
Associate Justice Day, a former sec
retary of state, while the state de
partment records show that $2,450
was paid for the painting.
John M. Gates, the financier, told
tho houso "steel trust" investigating
nnmmU4-n 4-1 T.1..J. ..
wmin.w tuo uiHiory or tne United
States Steel .corporation. An As
sociated Press report tells the story
in this way:
"Present at its birth he described
how it was the natural outcome, of
what he described as the refusal of
uurew uarnegie to be bound by
tho 'gentlemen's agreements' that
marked the early days of open com
petition in tho steel business.
"He also told of tho millions lost
and created almost in a breath; how
2 ?arnei0 mills appraised at
$160,000,000 were recognized as
worth $320,000,000 almost within
the time required to make the trans
fer to tho corporation; the clash in
tho formative days when John D.
Rockefeller was dissuaded from join
ing tho creation of tho corporation
and the manner in which others were
prevented from engaging ln tho steel
trade.
"Relating how Carnegie had been
forced to abandon plans for extend
ing his. steel business, Mr. Gates
frankly admitted tho combination
was formed to throttlo competition,
and that when John D. Rockefeller
had sought to enter the steel busi
ness a deal was put through which
forced him to sell out for forty cents
on the dollar.
"Characterizing Mr. Carneglo as
'a bull in a china shop,' Mr. Gates
told of a midnight conference bo-
tween himself, Charles M. Schwab
and J. P. Morgan at which tho ateol
corporation was conceived and how
it resulted in Carnegie getting
$320,000,000 in the corporation's
securities for his steel interests which
he previously had offered for $160,
000,000 in cash.
"Mr. Gates also told tho committeo
of tho taking over of the Tennesseo
Coal and Iron company by the
United States Steel corporation In
the panic of 1907, a' deal in which ho
was interested as a stockholder of
tho Tennessee company.
"This, ho said, was a forced
transaction carried out by Mr. Mor
gan and other financial leaders to
save the trust company of America,
threatened in tho financial upheaval
because it had loaned too much
money on stock of tho Tennessee
company.
"Plans made by Mr. Carnegie in
1899 and 1900 to circle his steel
interests with a railroad of his own
and to compete with the National
Tube company, organized by Mr.
Morgan, by the erection of a tubo
works at Ashtabula, 'O., were factors
that led to the birth of the steel
combine.
"Mr. Gates revealed how Mr. Mor
gan, alarmed by Mr. Carnegie's plans,
had sought the advice of himself and
James J. Hill, how Charles M.
Schwab, who he said, was the only
man who had influence with Mr.
Carnegie, was called in to suggest
a way to 'stop Carnegie' and how
the pioneer steel -king was curbed
though greatly to his financial gain.
"He explained that the steel busi-
) ft ID 13 HARVESTER with Binder Attach-
H n u h ItM
Ai
nttf Bill raont cuts and throws ln piles on har-
tgjf vestor or wlnrow. Man and horso cuts and
ouuuKs uiiuui whu u curu iiiuuui. ouiu m uvery
state. Prlqo. $20 with Blndor Attachment. S. O.
MONTGOMERY, of Toxnllno. Tox., writes: "Tho
harvester has proven all you claim for It. With tho
asslftanco of ono man cut and hound ovor 100 acres
of Gorn, Kaffir Corn and Malzo last year." Testimo
nials and cataloa: free, showlnc picture of harvester.
NEW PROCESS M1TG. CO.,SA:LINA,KAN.
L vflsH
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Address: John F. Shafer, M. D.
21 Penn Ave., Pittsburg, Pa.
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The Commoner. Lincoln. Nebraska.
Y7ANTED WALNUT AND CHERRY
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