raturday, February .17, 1912.
(17) .221
''Mat's. The News?"
Congress and the Money Trust.
111 be.-different In Illustration of his point,
Governor Wilson Bald: -
"Iattended a dinner of the Real Estate
Exchange of Boston the other night, and, of
course,- .those gentlemen . were chiefly Inter-" ,
V 'ested In the .value of , real estate. I -asked
r'v -tthemif .they,-supposed, there 'would-be the, -
same element of value , in the, real estate of
Boston in the next 'decade that, there had .
been 'in -the- last century.--- At present almost -'
all the great'arteries ahd movements of trade
In this .country 'are" east' and west; but wait
:.untilthat - big- ditch' is ..completed down on
the Isthmus, And then the currents of trade
CONGRESS does well to institute , an investl--gatlon
at the .alleged Vmoney, trust.', There
has doubtless been a great; deal f loose talk '
about the subject, but that there is a real eyir
A . . 1 ' t a J J ' . 1 L . 4. .J.V1
no vdoubt suchthatmal
rstifle :smallervnteTpTisesrtatvhreaten. competi: i- greatestarteries of-all are :golng.to open to
: tinn rt the : "hip . interests.'! or vwhose 'imanaeers v: j j Ai '
" - - - - " i uii uur ui w aiu tutu buuui wai u iiuu iueu: ueru
support -policies- which" these" multi-millionaires
oppose; . Money is the life-blood of trader
suance and controj is properly a government f unc
tion, -and. Congress must remedy the evils . that
haVe developed under" existing, conditions. There
' .... ; ; ri-r "
XJS XX co ta? lS im"
' ' " vA : v.,.,
'Sey West V v "O -y$' : ' '
w; hoon nmatiw- inohTiPM nf ' irroat' 'haniriTur a attention J to the. magnificent possibilities of Newj
., . ' i - . - ; Orleans when theBig Ditch is opened. . The peo-
v kUlUiauuuo tuiviug .OAuaiigi, uuDiuvoa uivu w .sujf-
is danger that the northeast-corner .where .
Boston Is will be more cold and isolated than
it iscnbw. ; V - . - - - . , - ; , , . THE ..FORIDA..OVER-SEA RAILWAY. ,
The Springfield Republican the other day called " Described in Our 'What's the News" Week "De-
fore Last,
General "James .B. v Weaver, who"-will be re,
, v?tY r-r.". -:T - -nlrf of he Northanii .East are certainly becotnine veuerai w a
: port , certain ;rasiaenuai:.canaLaat . . . - t-pmpmrtn,,,, niponin nf thA'PntinT niembered by many of our readers as the 'Poput
it n - ) r - t a . :
of' the, loremostTlawyers .of Newyrlr City,;.made; -perhaps
as clear a statement of the matter as has
yet 'been Tnade, ' when- he appeared recently before
-the;.IIoUse IComihittee j;on JRules:' '."ilLss than a.
dozen men in., the city, of. New.TTork,? lie asserted,,
"are for v all practical, purposes in control of the
direction of at least 7 5 per, cent of the' deposits
of the city of New York and of allied institutions
in various parts' of the country.".. As a press disr. :
patch says:. ' - - .
"Mr. Untermeyer took pains to diff eren-
tiate, however, between themoney trust' and
- the 'money power The latter, he Isaid, was :
the real element of - danger in the situation
now before the country. .He said the 'money
power, was - uot . engaged in transactions
which could be called illegal in the common,
acceptance: of the term of jtrust; but that "
the potent influence it exercised was none
the less dangerous- to the country at large,
and should be curbed by further legislation
if. necessary. Mr.; Untermeyer described the
- 'money power, as an unorganized body of
men who; through " their dominating influ-
; ence in various corporations of large size, -
- practically controlled the immense hoard of
' wealtn accumuiatea m tne BanKs oi wow
York. He said it was now a recognized fact
that no independent railroad 'building could
UUUC1 UULCU 1U IU1S WAAV
. power could veto ' it. ;- Other constructive -"
business policies of a similar nature, he"
; added, were likewise in danger, unless the
; mnnAu nnnTar' tjraa'flrof rnTieiil tori flnd tnlrATl
" . into the . plans." ; ' '"f -' ' ;'" V :r'flx r. ;
While such things" are true the people cannot
11-1 . I1J.1. S T". 1 J A. i 4 OAn Jl. Jtl. T
hiit it is rtnnhtfiil if thA nAonlft nf th South ar ui cnuuiuaie lur rxesiueat m uieu;m,iuwa
yet prepared to appreciate its elemental slgnifi-- e other day at the ripe old age of 80. In 1884
If -Alabama's reat son, . John T Morgan,
xance.
could 'only come . back,- rejoice -over the fruition
of his 'great" dream, 'and' give us a message in
ter peting air its : larger meaning for our section!
Minor NewsJWatters.
i
N SPITE of the adverse vote of a committee,
woman suffrage came before the ; Virginia
House of Delegates : the other day, and mus
tered 12 supporters, among them being the
Speaker himself. ; The Richmond Virginian de
clares that within . a few years i woman .suffrage
will prevail in that old and -conservative Com
monwealth. , " . 1
"We speak advisedly," it says,, "when we ,
' say that there will be no campaign pressed
; : with more yigorj and brains i and energy the , T
; next two years than the campaign for .votes
for women in Virginia. . The ladies will
carry on a' campaign of education. They .
propose to have branch leagues in every city,
town, village and hamlet and we can see the
end of it all." .
he was the Greenback candidate for. President v
and as. the Populist candidate in 1892, carried 1
six States v and, received 2 electoral votes. ; In
recent years he has been a Democrat and a close. A
friend of Mr; Bryan's. ' ;
The prospect of a-, republic in China is -by no
means so certain -as it sedmed a few weeks .ago
It now seemsilikely that Yuan Shih Kai will sue- ;
ceed in preserving a fiction or form of royalty;"
while giving the people practical control of their
affairs, U In other words, he probably means to
make a constitutional ? monarchy -. modeled some--what
on.the English plan. .
Governor Hadley of Missouri v. proposed five ;
measures for. the people to vote on by means of;
v the initiative at-the next general election. 1) Ju
, dicial reform; 2 ) 'Exempting public, bonds from
; taxation. ( 3 ) New good roads measures. - ( 4 )
Employers' Liability, law; (5) State" public ier-"
vice-commission- -
The National Liquor League has adopted
" strong resolutions dehouncing Joseph W. Folk
i' and ; opposinghis rcandidaqy for the '.Presidency-"
., Mr' Pollr vhas' virtiiallv ; withdrawn from ' th a-rarA
The .National Drainage Congress is; to meet in. and Mlssourrs vote . will : doubtless be cast for.
New .Orleans April. 10th to, 13th. The Missouri
law for the reclamation of swamp lands has, been
adopted by its committee as a model and will be
recommended for adoption by other States. It is
claimed' that ,80,000,0.00 Jacres of land "could be
reclaimed by this ; policy. 7 The greatest drainage
project in -'the country is now in : progress in
Florida and. wershall, have an- article explaining
it in an early issue of The Progressive Farmer,
.Champ Clark.
The Virginia Farmers' Union has asked 1 the":
Legislature to allow the people to vote on the ;
question of State-wide prohibition. At present it- '
seems very doubtful whether the Legislature wilt 1
pass the measure or not. ; ' ;a '
The sub-committee of . the House Census Com
A Significt MiBtary, Change.
ANEW military policy; is announced by the
c National Government. " . We are to reduce
the number of United States troops in the
Philippines from -12 regiments to six regiments,
and' at the, same time we are to materially in
crease our strength in Hawaii where from 12,000
to 15,000 soldiers are to be located. The hew
..policy Is probably due in part to the re-adjustment
lot inevitable strategic advantages resulting from
the Panama Canal, and in part to the fear of the
excessively, large Japanese population in the Ha
waiian Islands. As one of our naost thoughtful
dailies says: ...
; ''It seems clear that this transfer of troops,,
1 .: is in line, with the policy according to which
Pearl Harbor (Honolulu) rather than Manila
was finally selected as the chief) naval base
of the United States in the Pacific 'Ocean,
and it is the most convincing demonstration
thus far given by, the course ofevents that, ,
in the emergency of a warnvith -another for-
midable power in the Orient, our Government
would make no serious ' attempt to defend
. the' Philippine Islands from invasion. Our
military policy ; would be .to fall back on
- Hawaii." , ' ' ' v"; - . Z
V
The English are debating the question of
abandoning free trade with a high tariff but are
finding many facts to give them pause.- The Lon
don Spectator calls attention to the fact that in
the United States in 1909. pig iron was manufac
tured at a cost of 82 cents a ton but was pro
tected by a duty of $4 a ton. It then-makes the
pertinent inquiry : "Who got the odd 1 3.1 8 and '
who would get the corresponding difference in
England, if we were to copy the .American ex
ample?'.' - V .
-
In his speech in Richmond, Va.,' Wopdrow Wil
son declared himself strongly in favor of party
organization and as strongly opposed to party ,
" machines. He then made this striking definition '
which is well worth passing on: "The difference
between organization . and a machine is that or-
ganization is the systematic co-operation of men
for: a common'" purpose, while a machine is the .
; systematic,! co-dperatlon of men for a private pur-
pose." .-' ' . ; ' ;
' ' '' . - v. : "." " -"
The Child;Bureau bill" which has passed the
Senate, and. now goes before the House, provides
for Investigating questions of Infant mortality,
the birth rate, orphanage, juvenile courts, de
sertion,' diseases, accidents, occupations, leglsla- ,
. lion and kindred subjects ' . The Southern . Sena- -tors
who opposed the measure were Bailey, Cul-.:
berson, Overman and Tillman.:
The possibility of a war between Germany and
Englartd is greatly lessened by, the sweeping So
cialist victories in the recent German elections.
consumed in this and foreign countries. , ,'
..-.., "... . ,. .
. The Florida v Republicans have spilt Into two
factions, one favoring the. nomination of .Roose
velt and the other favoring the re-nomination of
Taft. .1'. . :' ... ., ;
" ..- - ' ' " '
Ex-Governor Patterson, of' Tennessee, an
nounces that he may become a candidate for '
United States Senator. ' '
. The . South Carolina Democratic - Convention
will meet in Columbia May 18th.
A Thought For the Week.
T
The SoDth and the Canal. ; " .
A' NOTABLE " feature of . Woodrow Wilson's
l sneech before the American Periodical
, JljL Publishers Association' has' escaped the at- The Socialists, as we have said before, are vio
-'tention it deserves.' ' He was; bringing out the lently opposed to the present great military and
O GROW -old is sad indeed, if what you 1
want is to hold : back the receding years,
to keep your , hair -from growing white, -
your eyes from becoming dim, .and the wrinkles
from chiseling their way across your brow. . But
If from all these vicissitudes to which life sub
jects you, you draw a. hit of wisdom, , or profit, or ,
goodness, to grow old is to become free and
large. One of the most beautiful things in the
world Is an old person who, made better by ex
perience, more charitable, loves mankind in spite
of its wickedness and. adores youth without the
slightest tendency to mimic it. Such a person
'is like an old Stradivarius w,hose tone has be- (
. come so sweet that Its value is increased' a hun
dred, fold) and it seems most to have a soul.
Charles Wagner. :
be .said io be ireallyi free. ; We hope the -money written, by Chief DrMnage.Ehgineer J, OWright. mlttee wm recommenda bill-to- furnish 'cotton -
trust'-' investigation will be thorough. 'V;a.. ' .'' growers statistics, as : to the amount of cotton.'
Mamma: Don't let me catch you in a lie again,
vnn nniitrhtv hnv!'' '" '
fact thatnow the great 'rail ways and great trade naval expeditures. and. the strength they , have .Johnny; '7 won't If I can help it; butlhavont
'tmi AaRt';and west.' Rut with 'the shown' will make the' Emperor hesltate.to risk . had the experience that Pa has .had. Boston
coming of the Panama Canal, he declares, things a war.
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