The herald and news. (Newberry S.C.) 1903-1937, March 27, 1908, Page THREE, Image 3
lafollette flays bill.
Wisconsin Senator Back up Assortio
\ that Less Than One Hundred Men
Control Industries of the
I Nation With List of
Names.
? Washington, March 24.?Upon tli
| conclusion of Senator LaFollette
I' speech 011 the A Id rich currency bi
| in the senate today a plan was deck
ed upon by which Senator Aldric
will tomorrow move to take up tli
hill and continue its consideration ui
til it has been disposed of. Mir. Ale
rich also n^lced for unanimous coi
sent to take up the bill tomorrow an
to dispose of it before adjournmer
Thursday, but to that propositio
Senator LiaFollettc objected on tli
s ground Miat lie feared debate would 1:
H curtailed by such a procedure.
The colloquy which resulted in tli
|| announcement, followed the conch
sion of the third and lasf. instalnici
of Senator LaFollette's speech in oj
posit!ion to (he AhTrich hill. II
spoke for two hours, Resuming h
speech. Mr. LaFollette declared llu
his statement that the industries e
this couniTry were controlled by les
than one hundred men had been a
tacked as sensational. Declaring (lu
such was not the case, ho said thr
lie had been too conservative, an
that in fact, a much smtallcr numb<
of men dominate the industries.
"Along with this enormous ii
crease in trust power has gone
steady process of centralization i
the control of that power until no
the entire situation is dominated 1:
the Standard Oil-Morgan combin
tion," he declared. "The old fight b
tween these two great powers ha\
been laid aside. Mr. Morgan's pi
tnre adorns the wall of the inner roo
of the Rockefeller office, a?t 20 Broa<
way. In combination today they ai
working together to gather in 11
smaller powers. ISFr. Ilill has bee
taught that he must not oppose tl
big ones. Standard Oil <jot in on tl
Great Northern ore deal. The. Goul
interest are being swallowed up 1
the combine. Morse and Heinze wci
neatly pocketed during the recei
panic. The smialler trust was uivc
9 a drubbing and started in the san
direction. The Vanderbilts can l
longer reltain their important eontr
and themselves sec. the hand-writir
on the wall."
The senator quoted John Moody 1
show an enormous growth in tru
consolidation and capitalization i
four years. In 1004 Mr. Moody pla
ed t'he caputalination of (lie industri
franchises and railroad trusts at ovi
twenty billion dollars. That amoui
had increased more than $1.1,000,00(
000. or more than 55 per cent. Tl
.$31,000,000,000. he said, did not re
resent the financial combination
banks, trusits and insurance com pa;
it's.
Mir. IxxFollettc read several lis
of eminent financiers to whom he a
corded various degrees of power i
the control of industries. He inclu
ed Senator Depcw, of New York, :
among those who exercised large po~v
or and held many directorships in tl
form of delegated power exercised I
them in a mere representative cap;
l( city. Mr. Depcw was in his seat an
| general laughter followed.
Mr. LaFollette named as next aft<
Morgan and the Rockefellers a gron
of fifteen men, who, he said, wei
big opera tors and men of large pow<
and interests in their own right
\ "These men," lie said, "find thee
best interests in working in harmor
with Morgan ajid Standard Oil. IS
combination which they could for;
among themselves or others coul
| coipe with -that power," he declare^
| In this list of fourteen lie placed tl
' following mien: W. K. Vandedbil
August Belmont, Fedcriek W. Ye
hauser, Henry C. Frick, ?T. Ogden A
mour, George J. Gould, Jacob Scliil
TC. IT. Harriman, Thomas F. Bryai
TiOuis S. Swift. Jo'hn Jacob Asto
J am os Speyer, James J. Hill and V
IT. Moore. '
A second class of men in the li:
were the "stars of lesser magnitude,
but men of wealth and power, wli
were in with the combine and a fci
of the higher rank of attorneys an
bank preside wis of the system. Th
group follows: C. IT. Dodge. C. I
McComiiek, Stephen S. Palme
Brayton Ives, C\ A. Pea-body, G. 1
I Baker, J. F. Dryden, J. S. Post, I
| Taylor Pyne, T. IT. Hubbard, C. (
Haven, W. J. Oakman, J. J. Ber.wiiu
k J. B. Diike, F. A. Valentine, W. T
f Sloan, Adrian Tflclin, Jr., Frederic
|> Cromwell, G. W. Young, C. T/evai
Blair, 0. Guggenheim, V. P. Snyde
H& A. H. Brady, Edwin ITawley, D. (
Mills, Charles Steele, John J. Wiatei
burvo Oliver Ames, Nathaniel Tha>
;| er, K. IT. Gary, John Olafiin, John I
1 liegeman, G. IT. Maekay, F. W. Vai
(J? derbilt, J. J. Mitchell, T. Jefferso
vOoolielge, Thomas Dolan, Samuel Le;
}| Charles Lanier, James Fargo, D. (
Weid, Henry Wallers, Norman D. es
Ream*, 11. L. Higginson, Charles 1'. be
n Wei\lner and Charles F. Morris. Of th<
I lie third group, the balance of the wu
list Senator LaFollotte said: "While to
some of them exorcised large power mi
and held many directorships, it was a da
delegated power exercised by them in
le a mere representative capacity." This Ja
'a part of the list is as follows: Ed. S. no
II Monsiton, Edward S. Perkins, John S. on
1- Sterling Otto II. Kahn, James E. Jar- a
h vis, A. W. Krotch, Paul Morton, II. C. mm
i\j Doming, Charles IT. Russell, Chauni
cey M. Depew, Oliver II. Payne, W.
1- S. Webb, James B. Morgan, Aloses
i- Taylor, Francis M. Bacon, James
d sStillman, Luther Konnt/e, II. W.
it Whitney, P. D. Cravath, Levi P.
n Morton, N. N. Vreeland, W. Godbcry
e Langdon, 0. W. Morse, Clias. M.
ie Schwab, E. F. C. Young, F. II. Converse,
11. A. Taylor, C. S. Fairchild,
is G. S. Whit son, A. 1). Jnilliard, G. II. * <
x. Allen. V. IVJloraiwo't/., J. 11. Parker, rj
it Frederick Slurgis, C. M. Bliss, A. F.
>. Orr. II. ^PcK. Twombley, Charles tc
fo Dnv?es, K. K. Shiplev, G. (!. Haven
is and G. W. Perkins. ' '
it ' Mr. LaFollptttf argued thai the Ald:f
rich bill would only serve lo strength's
on this great money power of Wall
t- street, lie criticised the failure of
it the cor.'mittee on finance in not keep- t
it in?' bunk reserves in the ^auits of the
banks throughout the countiv.
iv Mr. LaFollette concluded his J?
speech with a strong appeal to the
i- "progress men" in the senate to
a stand together and be ait- the bill.
in He spoke of the activities of the
w president and Mr. Bryan in combat- """
' v ing wrong-doing among high fanan- ?
11"" ciers. ^
0 "Whatever difference there may
be in parly policy or personality between
Ike president and Mr. Bryan,
, they are striving, each in his own
wav, for fundamental truths. Whatt'O
4
ever mistakes Mr. Bryan may have
10 . * *.
made in policv, whatever nvislakes
'11
I Ik- president nvav have made in comIG
"
promising legislation, lliev are believ10,
' '
1 j cd in by the people, because they are
fighting In preserve the principle
'Ilia! the nation should be governed
^ by the people."
At the conclusion of Mr. LaFol-j
JC lette's remarks Senator Teller said j
lrt he had listened lo his narrative on tlii \ ,
1111
0] enormities of the pending bill with 11
1(, interest, and said some of the difficulties
he complained of were already ?
provided for by laws on I he statute
. books, instancing the law for the
sr.
| ' punishment of derelict bank officials.
R. F. D. CARRIERS. ! C
LM Held Improper to Transmit Unstamped
Letters From One Point t.
to Another.
ie
|*|. i ^
A special from Washington to the "1
'' Columbia Slate under dale of March
,l" 22. says: 8
ft is not proper in Hie opinion of
the fourth assistant postmaster gen
eral, Mr. DeGraw, who has charge in j ^
III general of the rural five delivery |
routes, that R. F. I), carriers should j
carry unstamped letters from one; m
v" point on their routes to another. Reple
resentntive Slayden of Texas recently
^ made am inquiry of the department
as to this, from which fact it appears
1 that in Texas at least, whence Mr.
Slayden hajls, it has been customary
?-f for some of the .rural carriers to carry
P from one point to another letters or
r< parcels which are not stamped. It
;r is doubtless true in all parts of the
s* country that rural carriers, "who get
ir to know their patrons well, do small
iy favors of this kind for them. The
fourth asistant postmaster general,
m though, in answering Mr. Slayden in
Id effect renders a dev^sion and lays
down a policy which will put a stop
10 to aU of this.
^ Mr. DeGraw's answer lo the Texas
r" representative is made after consultJ*"
ing the department of justice here,
> one of the assistant attorney gener11'
als advising him as to the legal quesr?
tion involved. .Said Mr. DeGraw:
"All patrons of rural free delivery
routes a re required to provide tihcmst
selves with approved boxes, and their
conlenls are recognized by law as
'0 mail boxes and protected from wilw
ful damage or depredation." ITe fur(l
ther states that these boxes, while cs
is provided at. I he expense of the citiz- S
! ens on the route, are erected exclu- p
r, sively for the United Stales mail, t
Hence the mailer in I hem is to be
! considered Umiled Stales mail. C<
4. "All mailable matter placed in rural
mail boxes," said Mr. DeGraw, "is u
subject to the rules and regulations **
k governing the mails, f including the P
fl payment of postage. While it. is not -p
r, in violation of the law to place unstamped
mailable matter in rural F*i
i'- boxes, it is not proper that it should j-ji
be done. Rural carriers finding such
I. mailer in boxes on their routes are
i- required lo bring it into the postofn
fice lo be held for postage. (
i, "It will, therefore, be apparent to J
). you that in the use of rural mail box-1
case oL' a "drop lot lor" in a p
otliee.
And a Spirit Level.
Atlanta Journal.
It will require the services o
supervisor to tell if this spring's
is on straight.
Yellow Blood.
Sonic family trevs seem novo*
bear anything but lemons.
INGE BANK
ry, S. C.
; to receive your mone
Pe Bank, a Convenie
:ing Bank, we want y<
ind satisfy yourself ar
ccount with us.
on Time Deposits.
ML L. Spearman,
Cashier
W. B. Wallace,
Ass't Cashier,
mer, Atty.
d Motiej
0
Homes!
Yis of payment,
s to accumulate a fur
s, on which interest
lions at maturity.
/ing rent. If you wai
1 home take a Securi
loney for any purpo;
et. It pays.
Asstant Secretary ar
>rner Boyce and Adan
6poland Brothers,
m FMMfE<vrei?IIT 01
1 li ii il tf I mi a In
%r^r oi
RESOLVED
That You Shoulpfurn^
Your BoDYAnd MAKE it
Fit to uvir in-You owe
this To Ycl^rself AndTc
(Your friends - You knov
toll w?ll the value cp
y-V\ GOOD FRONT
^^VJETONc BosTfR
,nd all kind/5 of *spri
2 now on a5how in ol
-the proper capers
:t in -5hape and coLo
*le to the -skin, a
r you will roll Vol
,l take all of the
put on that "flo<
front will help yc
strike you?
fully,
EWART PERRY Co.,
THE-MINUTE DEALERS
N
there can bo no divided authority
bween the postotlice department and
? patron, for if this wore so, it
m'kl be ditlicult, it' not impossible,
enforce the law protecting rural
til boxes and their contents from
mage and depredation. "
In this connection Representative
ines Griggs of Georgia has a bill
w pending to allow I cent postage
R. F. D. routes, from one point on
route to another, just as in the
THE EXCHJ
Newber
In looking for a B&nk
ou want to find a Sal
ank, an Accommodal
> consider this Bank a
)me in and open an a
We Pay Interest
, D. Davenport.
President,
dw. R. Hipp,
V. President.
G. B. Cro
Wc Leu*
T
Buy F
We provide easy ten
We enable borrower:
\ Monthly Installnryent
llowed to meet obliga
It is cher-per than pa^
o save money to buy c
Contract.
If you want to save n
ako a Security Contra
Call on A. J. Gibson,
"rsasurer, at office, cc
treats, next door to G
IFfifiRITYi PRIP
^Ciiysei s I Lvsa'iv
Pwoc/vik aT9 *- .
HOW E R aS~0 f -5 H1R, T AS A
URNI/5HIN6 GOODS AR1
MNDoWaS AND CAaSEASdLLAR3;
TIEAS CORREC
NDERWEAR PAL AT A1
oaSE >5o TAASTY THA:
RoI/aSERAS UP. IT W1L
HIN6a5 To HELP YoV
RoNT." AND A6ooD
OW Do THEaSE THIN6AS
REaSPECT
vp-to-:
M-Vv, .
THR
j. Excellent Reasons wl
,hat open an account,
First: Because your mc
than anywhere else.
Second: Because payinj
simplest, most couveniei
Your check is always thob
- | Third: Because it gives
j iu the community, espeo
| men, to pay by check ratlu
. j it over. We will apprec
j savings account.
We pay 4 pr. ct. on ?
y. The Bank of
"u I P? osperil
td 1 dr- gka y- huntur,
j President.
| J. K. BROWN! V
t\! Cashier.
? n.uimai iu in mur
. NATIONAL BANK OF
# r
v f+y
? 3 S mk rz
IDDHK2
"AIN'T NO USE, HILL, II
A repository in which yc:
posited, and maybe your va
strong enough to resist th
Entrust them to us. They
la With an account opened \v
13 check, thereby insuring acci
methods of keeping accoun
convenience and safeguard f
nt
ty DIREC1
M. A. Carlisle. H. C. M<
J. A. Blackwelder. Pobt. N<
30 B. C. Matthews. S. B, Au
YOUR Bi
J, TilE NEWBERRY
Capital 350,000
"1 No Matter How Small,
The Newberry
) .vill give it careful attc
/
\pplies to the men and t
JAS. McINTOSH.
j President.
2.<To. e
The People's I
Prosperit
Paid Up Capita!
Surplus and Individual f
1 Stockholders0 Liabilities
h i For protection of depo^i
1 H. C. Moseley, President. M
^ W. W. VVheelfr, Cashier. Gi
jBetter a conservative Interest
return when wanted, thari a high
about the principal.
A National Bank Is a 3afe Depc
ND makes It so. Likewise our Boar
7R, of prudent conservative managerr
SE DIRECT
OD G. W. Bowers.
J. A. C. Kibler.
R. L. Luther.
M. A. Carlisle.
J. H. Hunter.
J. P. B<
We allow 4 per cent, per
Department, interest p?
1 IX111JJU4
EE ~~ " i
liy YOU Should
with a Bank.
>ney is safer iti a Bank
? bills by check is the
it and best method.
est recept in the world.
yon better standing
ially among business
;r than cash. Think
iate your opening a ;
savings Deposits.
Prosperity, j
:y, S. C. I
1>K. J. S. WllKhXKR, K;
\'. President. ; !
J. A. COUNTS, |
Assistant Cashier. Ja
BERSKBHRBOEMMSODIBDnBKWSnBnHi
=vj r. ia* vasnrs>."wr>Cj9{(cariEC :i ?..nsjrm
: NEWBERRY S. 0'S
BURGLAR PROOF."
ui have your money de~
lnables stored, should be
e attacks of the burglar.
will be absolutely safe.
ith us you can pay by
iracy and system in your
ts. There is no greater
or handling money than
nCCOXJUT.
ORS:
aseley. iT. B. Carlisle.
orris. [Geo. Johnstone.
II. Jos. 11. Hunter.
\NKING!
mm mi.
Surplus $30,000
Nn Matter How Large, /
Savings Bank //
intion. This message
he women alike.
J. E. NORWOOD,
Cat'jler.
iotionol Bank
y, 8. C.
- $25,000 00
Vofits $6,000 OO
. $25,000 00
iors.
. A. Cari isi.k, Vice-President
^o. Jokhstone, Attorney.
o*i your deposit with its safe
rate and a lee ling of doubt
>sit. Government supervision
d of Directors Is a guarantee
)ent.
ORS:
W. P. Pugh.
Jno. B. } ellers.
W. A. Moseley.
Geo. Johnstone.
H. C. Moseley.
Dwers.
annum in our Savings
lyable semi-annually"