r
r
6
ME8
SUBSCRIPTION f 1.00 A YEAR.
WILSON, N. C, TUESDAY, AUGUST 8, 1911
VOL. 17 N0..1S6;
THE ORACLE
HAS SPOKEN
ROOSEVELT TELLS HOW TO HAN
DLE THE TRUSTS BY LET
TING BIG ONES
ABSORB LITTLE ONES
New York, Aug. 7. Theodore
Roosevelt stalked boldy before the
House of 'Representatives committee
of inquiry into the United States
Steel Corporation here and told how
his action In consenting to the ab-
sorption of the Tennessee Coal and I
Iron Company by the Steel Corpora- J
tion in 1907 averted a disastrous
panic.
He arrived unheralded at the city
hall, vigorously shook hands with
members of the committee, declared
himself delighted to see everybody
and got down to business.
First and foremost he placed upon I
himself responsibility for approving
the absorption to save a perilous fin
ancial disaster in Wall Street and
condemned any man who would be
so weak as not to act as he did in
that crisis.
Wonderful Result. .
After declaring that his object in
approving the sale of the Tennessee
company was to restore confidence
the former President, in response to
inquiries by Representative Littleton
relating to the memorable White
House conference in November, 1907,
at which Judge Gary and H. C. Frick
were present, said:
"The situation was so critical that
it was liable to break at any mo
nient until the action was taken, an 1
the instant it was taken an enor
iz.ous improvement for the better oc
curred.' 1h: Mr, Roosevelt launched into
a discussion with Chairman Stanle"
of, 'the general trust question,, saying
that the United States had something
to learn from Germany.
Mr. Stanley," Mr. Roosevelt "broke
ir., switching the line of inquiry m
progress, "may I. say in connection
with what has been said on the gen
eial trust question and of this par
ticular corporation, the steel corpora
tion, that I know you will not accept
silence on my part as indicating any
thing as to my attitude 'on-the .gen
eral trut question as you know it. I
have stated again and again while 1
was President, in messages to Con-
giess, Hich were not always reeeiv
ed with as much enthusiasm as they
were written, and since then in ar
ticles and speeches, just what I have
felt the attitude of Congress toward
these great corporations should be,
and as you know, I .believe in a far
more drastic and far more thorn ogh-
going supervision and control over
them by the national government
than we have yet achieved.
; Must Exercise Control.
V "On another occasion I should have
been very glad to 'have spoken with
you on trust remedies. I am sure
you will not achieve your purpose by
splitting up the big corporations.
"While something can be done
along that line, the work must be
done by our national government act
ing as the government of Germany
has, I think, in the potash matter
acted by actually, in the interest of
all the people, interfering and exer
cising a degree of control over a big
corporation which it would be wholly
unnecessary to exercise over a cor
poration that has no monopolistic
taint."
"I wish to say," Mr. Stanley re
plied, "that I am not of the opinion
that the dissolution of the United
States Steel Corporation into Its con
stituent parts is' an adequate reme
dy." ; . ' -
"You are quite right,"; said Mr.
Roosevelt.
"I believe,"- the chairman continu-
ed, "that we must divorce absolutely
the United States Steel Corporation
from every common carrier on the
continent and by law force the com
mon carriers to charge the steel cor
poration just what they charge other
people. We must destroy a rebate
which is against the spirit of the law
as well as a rebate which is in vio-
lation of the letter of the law. if
that is done, and if in addition " I
"Judge Landis tried to do that and
failed," interjected Mr. Roosevelt,
his comment provoking loud laugh
ter.
Interlocking Directors.
The chairman said he would pre
vent a director of the steel corpora
tion from becoming a director of
railroads, and denounced the system
of interlocking directors
"With the general purpose of what
you propose," said Mr. Roosevelt, I
am in hearty sympathy and I should
gp farther still in exercising direct
control over these big corporations.
And allcw me to say, sir, you have
own theni at some distance. 1
have lived near them and I know
them well."
In responding to queries directed
to the Tennessee Coal and Iron trans
action, and the testimony of Grant
B. Schley . that he did not know
whether he would have failed had it
Qt been for tne gale of tne Tennes.
see Company to the Steel Corporation,
Mr. Roosevelt aroused the committee
with ' the terse statement that if
Schley did not know it he was the
only man in New York who did not.
"I never had any doubt as to the
wisdom of my acion." Every parti-
cle of information he had since re-
Ceived had confirmed him, he said,
that his action was wise.
Representative Bartlett, of Georgia,
suggested that with reference to the
proposition of more drastic control
of large corporations Judge Gary had and furthermore, because the pro
been won over. Mr. Roosevelt re- position contains a clause requiring
plied: "I hope so."
"Judge Gary's suggestion," said Mr.
Bartlett, "was that the Sherman anti
trust law had remained dormant for
nearly twenty years and had never
been sought to be enforced so dras
tically as in recent years.
Egotism Personified.
"As it had been during my adminis- Trust, which wilj, supply the agricul
tration," said Mr. Roosevelt, sharp- tural implements for the enterprise,
ly, leaning forward and smiling his has as its director the American
broadest smile. "I am as sure as 1
can be or anytning mat tne course
I advocated repeatedly while I was
rresiaeni uiumaieiy win cummcuu
itself to the judgment of the people
of the United States."
fixing prices?" asked Mr. Bartlett.
"If I had made that suggestion in
stead of Judge Gary I fear I would
have been accoused of socialism,
Mr. Roosevelt answered.
Do you think you have escaped
the accusation?"
If I have I shonM say it is the
only accusation I have escaped," was
the reply.
Returning to the visit of Gary and
Frifk to the. White House and to the
powers of the Attorney General to en -
join combinations that might be in
violation of the Sherman anti-trust
law, Representative Littleton asked:
I suppose you naturally under-
stood Mr. Gary and Mr. Frick were
coming to you because of a distress -
ing situation in New York, because if heavily for it, besides makisig per
they undertook to do this thing with- sonal contribution. '
out apprising the government fully
what they intended to do, and they
were enjoined in the proceeding by
the Attorney General, it would make
the difficulty all the worse."
My own belief was," Mr. Roose-
velt said, "that they knew that even
if I did not direct an injunction
asainst them, that if I merely stated
that it ought not to be done, that
they could not do it."
"Yes," Mr. Littleton continued, "in
other words, the adverse attitude of
the government, whether in a dis-
tinct direction to your Department of
Justice, or the announcement of your
position" '
VV UU.K-1 U". vviv- -
asainst it," said Mr. Roosevelt, finish-
ing the sentence. "As I. said, .my re-
sponsibility was complete and abso-
lute- I cannot state it any stronger."
A CRISIS
IN MEXICO
MADERO'S FIRM STAND WITHTHE
-
GOVERNMENT HAS ALIEN!
ATED
MANY OF HIS TROOPS
Mexico City, Amg.
7. Madero's
firm stand with the government
- i
against the officers of his former I
army who have joined a cabal has J
alienated a large number of his I
troops. A crisis is near. I
Czar Resents U. S. Grip in Manchuria.
St. Petersburg, Aug. 7. The Rus-
sian newspapers are saying disagree-
able things about the United States
because of the efforts made by strong
American business interests to ob-
tain a foothold in Manchuria. The
American Harvester Trust, which al
ready owns a factory employing seven
thousand men in Russia, appears to
be the principal offender.
The criticism arises out of a plan
propounded by Fred Douglas Fisher,
the United States Consul General in
Mukden. wno proposes that a number
0f iand plots in Manchuria, of from
five to fifty thousand acres ech,
should be set apart by the Chinese
government for cultivation according
to the latest American system.
Both tho Japanese and the Rus-
sians oppose this, because they fear
the domination of American interests,
China to protect the colonizers "by
maintaining sufficient military forces
in the Province."
That, as one Russian newspaper re
marks, sounds like "check and mate,"
uttered by the United States govern
ment to Russia and Japan.
The Novoe Vremya says, rather bit
terly, that the American Harvester
j Minister in Pekin.
A11 signs indicate a brilliant game
of political chess being played by
and Japan on the one side
against China and the United States
on fhe other, and that the latter are
Little Interest Shown.
Durham, N. C, Aug. 7. Ihe second
Saturday and the close of the second
week in registering voters in the
coming 'farm-life scheol eflection finQs
but the smallest interest in it and
I there are less than one hundred men
Jin town who have gone on the books,
It is understood that there will be a
1 farmers' fierht on the school: that
1 they ''are opposed to paying the two
cents tax on, property. It is not
known how aggressive this fflght will
be.. There have been offered sites for
it and one man has contributed $2,-
1 000 towards the school. He has no
1 children, but is willing to fee taxed
The books close two weeks hence
and the. election is called for the
29th of August. Fortunately, there
will be needed a new registration and
the advocates of the school will not
have to beat . the old books. They
must , carry a majority of the regis
tered voters. In the event of ;a
county failure, it is expected that
some of the townships will take it
up.
New York, Aug. 7 A $12,000. en-
gagement ring, a masterpiece of the
jeweler's art, has been presented to
Miss- Madeleine Talmage Force .by
ner fiance. Colonel John Jacob As-
1 tor. The rinsr was Durcliasea at a
Fifth avenue jeweler's and set to suit
the taste of the girlish bride-to-be of
the man who has an "annual income
- of $5,000,000.
HAS GOT
THE MONEY
ANTOINE SIMON, SON OF EX-PRES-
IDENT OF HAYTI ON HIS
WAY TO PARIS
WITH THE GOODS ON HIM
New York, Aug. 7-Antoine Simon,
son of the deposed president of Haytl.
i
has arrived in New York with sev-
era! strong boxes filled with money.
He fled from Hayti and is en route
tQ Paris.
Awaiting Conference Report.
Washington, Aug. 7. The House
transacted mtle but buslnes,
Awaiting the conference report on the
free ligtj WOQl schedule and cotton
bill.
Appropriations Bill Passed.
Washington, Aug. 7. The Senate
passed a joint House Resolution No.
1 to correct errors of enrollment in
appropriations bills which passed the
House with a rush last session.
Statehood Bill Discussed.
Washington, Aug. 7. Senator Poin-
dexter discussed the statehood bill to-
day. He advocated the Flood resolu-
tion as papssed by the House appro v-
ing the constitutions of . Arizona and
j .j" Mexico, but giving the people
of the Territories a right to vote
again on the recall of judges.
All Former Interviews a Pack of Lies.
Richrrvon. Va.. Aug. 7 Henry C.
Beattie, Jr., is holding a wonderful
nerve just one week before the trial.
He says all former interviews with
him are ra pack of lies.
BORAH TALKING ON
STATEII00OILL
Washington, Aug. 7 Senator Borah
in the Senate spoke in favor of the
sQ cihtkrfi "Hill q o it ra eeort t hp TTmiSfl
nvwx ,
'Uack Pot" Up Again.
Washington, Aug. 7. The cross ex-
animation of H. J. C. Beckemeyer,
wixOSe fiirect testimony dealt witWhe
distribution of the "Jack Pot" in the
Illinois legislature, was heard by the
Lorimer -committee today.
COPPED WILEY'S CLAYS.
Wrote The Law Robbing Wim of Pow-
er to Recommend Prosecutions.
Washington, Aug. 7. Solicitor Mc
Cabe, of the Department of Agricul
ture, was -again before the House
committee on the investigation of ex
penditures m the Department of Ag
riculture. He said he wrote the law
robbing Dr. Wiley of the privilege of
recommending prosecutions of pure
food violators.
Wants 'Drastic Immigration Law.
Washington, Aug. 7. Senator Dil
lingham introduced a resolution in
the Senate providing for a drastic im
migration law which would bar all
the Chinese from the United States
and repeal the present law except as
far as they relate to naturalization.
$$$$&$&$M
THE WEATHER
Yashington, D. C, Aug. 7. For
North Carolina: Unsettled weather
tonight and Tuesday; moderate;
probably brisk northeast winds.
NEWS ITEMS OF
GENERAL INTEREST
HATTERS OF IMPORTANCE HAP
PENING THROUGHOUT THE
COUNTRY
Spencer, N. C, Aug. 7. The 20 vic
tims of the wreck are resting well
at a Salisbury hospital. Little Rich
ard "Wilson, a 3-year-old son of Mrs.
R. C. Wilson, of New Orleans, was
fearfully mushed and his condition is
still serious. The physicians give
little hone of his recoverv. Attornev
- - i
George H. Smathers, of Waynesville,
who was among the most seriously
injured, is resting well, and it is
thought will recover. Several of the
less severely injured left for their
homes yesterday. The exact cause I
of the wreck has not yet been det.tr-1
mined by the- railway officials. I
Washington, Aug. 7. The mlllionta
rp.tent issued by the United States
was anrounced by Commissioner ol
Patents Moore Saturday. It is for a
pun dura proof tire for automobiles
and ether vehicles depending tipotv
rub-fr springs for its resiliency, ar.d
is the invention of an Akron, O., man.
San Eernardina, Cal., Aug. 7. An j
unidentified fire fighter fatally burn
ed was found by a patrol yesterday
where he had fallen exhausted on the
San Barnardino mountain fire lines
A least iuu sick ana aisaDiea lire
At least 100 sick and disabled fire
fighters with the shoes burned from
their feet and clothes in rags are
stranded here. The government
makes no allowance- fy-i!:ns--'f6?I
expenses in caring for injured fire
"gmers.
Shelby, N, C, Aug. 7. Mrs. J. D.
Lineberger has been at tho point of
death r,s a result of eating watermel-
on that had been cut end nut in a
refrigerator over night on ice. It is
thought she had ptomaine poison and
it was all Dr. S. S. Roystor and Dr.
Harlan Shoemaker could do to save
her life. Tlie refrigerate! lined
with metal .md this probably re acted
on the melon. Mrs. Lineberger is
much improved now rind will recover.
Washington, Aug. 7 PrecHent Taft
is directed to discharge the two men
found responsible for ics misappro
priation of fun'is in the DVy portrait
case. These are W. H. Michael,
formerly chief clerk of the State De
partment and now United States Con
sul General at Calcutta, end Tb.omas
W. Morrison, disbursing clerk of the
State Department.
Provincetown, Mass., Aug. 7. The
experiments wit h naval torpedoes
during the maneuvers here have fail-
ed to convince the experts of their
value. The types at present in use,
lit fa r ofl a toA are tnn ervntHf ttr( I
V
unreiiaoie ior euiciem use. x ne e-s.-
pert observers say the nicest calcu
lations may be made ' and the tor-
pedo may appear in faultless trim,
but even then it will either refuse to
travel oi go skipping wild.
Elizabeth City, Aug. 7. Raymond
Moss, a negro, has been arrested as
I the murderer of Walter Jones, the
negro who was shot while standing
on the wharf at the Norfolk South
ern wharf yesterday morning in the
early hours.
Murder Near Fremopt.
Raleigh, N. C, Aug. 7. The little
town of Fremont, in Waynes, county,
was startled about 11 o'clock Satur
day night when a rider galloped into
town and announced that murder had
been done about; three miles from
town. One farmer, Lewis Mdver, naa
shot and killed instantly a neighbor
named George McDuffie. Cause of
the killing is not yet- definitely!
known. Mdver fled and the sheriff's
posse has started in pursuit. Both
parties are colored farmers.
ALL QUIET
IN HAYIi
GEN. LECONTE OCCUPIES PRESI
DENTIAL PALACE-MINISTRY
HANDLES BUSINESS
THE REBELS SUBDU
Port Au Prince, Aug
7. General.
Leconte occupied the presidential?.
palace today while his ministry was
busy taking over the state business
abandoned by the fugitive SimonvAlH
is quiet here, the foreign warship.;
having overawed the turbulent raa-
lutionlsts.
Curlser On Rocks.
Hayeti, Aug. 7. The British crui&anr
Cornwall, which went on the. rocis
last night, was floated today and O.Hc
into Clarks Harbor with slight daxar
age only.
International Regatta In England,:.
Spithead, Eng., Aug. 7. The fira&r
international yachting regatta ever-
held here began today with. England.
Spain and Germany competing. Most.
Df tne yachts came up from Cowes
Empress Recovering From Heat.
Stroke.
Berlin, Aug. 7. The Empress Aw
guste Victoria is recovering from fw
neat stroke. She will take a sea 0Jh
age to recuperate.
LA FOLLETTE AND UNDERWOOD
Will Place All The Bills Together for,.-
President To Act On. '
Washington, Aug. 7. Senator La-
Follette and Chairman Underwood did
not meet today on the free list and
wool bills. It is thought that they
have practically reached a, comprcv-,-
mise on both measures, but wish., tci.
wait until the Senate acts on the cot
ton bill so all three measures can bo -
sent to the President for his approval
or veto at about the same time.
Taft Off On Vacation.
Washington, Aug. 7 President Taft -
left this afternoon for Mountain Lake -
Park, Maryland, where he will adi
dress a Chatauqua meeting.
ADMIRAL TOGO AT ANNAPOLIS7.
Looks Over Uncle Sams Naval Acade
my, Where The Boys are Trained
To Fight.
Annapolis, Md., Aug. 7. Admiral--Togo,
accompanied by Assistant Sec?
retary of State Haie, Capt. E. M.
Potts and his personal staff, arrived:,
here this morning from Washingtottr?.
to visit the Naval Academy: The-
party win return to Washington to
mgnu
aa mm. p. m Ht HaZ
o
TO-DAY'S MARKET a
0 a
WjfW tfr Jf 'I' VT TjfW
COTTON.
New York, Aug. 7. At the openings-
cotton prices were from 7 to 12 points
I hisher. August was 12.60, Octobers
11.33, December 11.34, January, 11.3Q.
At 11:30 cotton was: August, 12.55
October, 11.47; December, 11.43
January, 11.37.
At 2 o'clock cotton was: Augusts
12.55; September, 11.46; October
11.40;' December, 11.47.
NEW YORK STOCKS.
New York, Aug. 7. Stocks opened ,
strong, many' showing gains. Steel '
was up 1-4. The curb is quiet. Lon-
j don is apathetic
GRAIN AND PROVISIONS.
I cnicago, Aug. 7. At the opening?
I of the wheat market September wys
j 93; September Corn was 64 1-4.
At 11:30 September wheat was 88
1 1-4; September Corn, 60 3-4.
I At 2 o'clock September Wheat waa
i
93 3-8; September Corn, 64 3-4: