NEBRASKA STATE -SATURDAY MORNING," JUNE 3, 1911. cial oriels that Mr. Morgan- doe. Bernard Malloy, both agents of labor terchange was done and continued and prevented demoralization. We- have not done more than that because ws FAILS TO OUST HIM financial panic, the matter came, tip again.
The Trust Company of America was in difficulty. John W. Gates testified Inst -fe-oalr that liia hnnk wmii HUGHES NOT IN RACE JISTKK ELIMINATED "AS- PRESIDENTIAL TIMBER. SAX FRANCISCO'S POLICE CHIEF HOLDS THE FORT. Si RIVAL IWSTALim RY MAYOR mni wii LATTER, HOWEVER, REM AGAINST COURT INJUNCTION.
Appointee of Executive Wondering-Jast Where He Is at PossI- ble Proceeding- for Contempt. did so, and' the result of that, interview I wired to New York." "Did the president ask Secretary Boot's opinion as to the legality of the transaction?" asked Mr. Littleton. "He did," said Mr. Gary, "and there was no disagreement between any of us." Mr, Gary then told the committee he had a record of what took place on that occasion.
On November 7, two days after the visit to the white house, he had written to Secretary Root, reviewing the entire conference as he remembered It and asking Sectary Root If he agreed with his recollection. This letter reviewed the facta presented to the president, namely; "That the Lnited States Steely corporation had the opportunity to purchase more than one-half of the capital stock of the Tennessee Coal and Iron company at a price somewhat In excess of Its actual value; that the purchase would greatly benefit threatening financial conditions avert the failure of an Important concern; that the purchase would not materially increase the amount of steel business controlled by the United State Steel corporation." Would Not Stand in Way. Mr. Gary stated in his letter that he understood the president to say that while he would not make any promise as to what the government would do, be certainly would not stand in the way. Mr.
Root wrote Mr. Gary on November 11, stating that the account of the conference fully agreed with hla recollection and that he had sent a copy of Mr. Gary's latter and his an SAN FRANCISCO, CaU June 2. For a while today San Francisco had two chiefs of jjolice, and for the moment it lookedaa If Mayor McCarthy' long fight to depose Chief John. P.
Seymour would beC successful. By means of a writ of prohibition, however, Seymour averted the blow and tonight holds office, while the mayor's temporary chief, D. A. White, la seeking advice aa to his status. The campaign against Chief Seymour resulted from hia alleged failure to co-operate with tbe mayor in hla announced "policy for a more liberal administration of dance halls, saloons and cafes, and the charge by the mayor that Seymour haa been "using his department for political purposes.
Last week the board of police commissioners suspended Seymour, trial. Tbe chief secured a writ from Judge Sewill, which kept him In Office. When the board met today com- mlssloner Sullivan resigned and the mayor appointed J. F. Sewell in his place.
The charge against Seymour were formally dismissed and a new set brought in, It was on these charge that Seymour was suspended- and White appointed. Later Judge Sewell Issued I supplementary writ directing that th records of the commission be brought before him, intimating that procedlngs against the mtfyor and board for con- tempt of court might result FORGER AT PAIRBIRY. FAIRBURY, June 2. A bandy man with" a pen put In hia appear-, ance in thle city again yesterday and succeeded in cashing two worthies checks, but was apprehended before he could get out of town. Ho gav his name as Walter 64 Lawson alias Thomas Brown, and said that he was 1 tlghteen years old, that hla home waa -In Chicago, bis father was seriously in and he waa trying to get home.
Ho forged the name of T. A. Johnson to four checks, two for $5 each and two for 24, The two J) checks he passed on Uhley Dliler and the Marietta general store and the other two checks he had on hla person when 1 arrested. Hla hearing will take place In the morning. CONVENTION OF TRAVELERS, GREENSBORO, N.
Ci, June 2. Greensboro la gay with national flag and the white, blue and orange emblems of the united commercial travelers, whose grand council of the Cax ollnas Is holding it annual convention here. Th proceedings were opened in, the opera house thla morning with an address of welcome by Mayor Murphy, to which response was made for the visitors by EL Van Schaackl of Columbia. After the exchange of greeting had been concluded th delegates went into executive session. The annual parade will be held tomorrow and will be followed by a number of features of entertainment.
i OFF FOR THE CORONATION. QUEBEC, June 2. The steamBhl Empresa of Ireland -Bailing today jr tha other side carries what is believed to be the largest passenger list of any vessel that ever r.lArW frnm a ru Mr. Morgan 1 one man, he said. "when such an occasion rises, puts his own money Into other banks or Into stock exchanges to prevent panic and trouble and to help persons who are- In financial distress.
He has done it time and again. Tbis time he risked his money and his name to save the situation. There were several other men. present at the conference and they all were very much excited and believed as Mr. Morgan did, that Moore Sc.
Schley would fall if this stock was not purchased, and that if they failed with these loans In the various banks there would be a bad situation. The bankers all hoped that the steel corporation eoild afford to buy this stock and help out the situation. I haven't 'said that the United Steel corporation expects to suffer ultimate loss on, the transaction." "But why did not some one else buy It?" asked Representative Gardner. "There was no other customer for It," nald Mr. Gary.
"If it had been put on the market It would have gone very low and I believe the company would have been thrown into bank- ruptcy." Government Control Must Com. When the committee met today Mr. Gary declared that enforced publicity and government control of corporations must come, even as to prices. He said he believed the Sherman antitrust law wa too archaic to deal with modern situations and never could fully prevent great combinations of capital What th United States Steel corporation wanted, he said, was some responsible and official department of government to whom It could go and ay "what price can we charge and Just what can we do? "Personally, I believe the Sherman act," said Mr, Gary, "does not now and never will fully prevent the or-ganlzattng of great combinations of capital. I believe we must come to enforced publicity and governmental control, of corporations.
"I)o you mean governmental control, even as to Mr. Stanley asked. "Yes, even as to prices. So far as I am concerned, speaking for the United State Steel corporation, I would be very glad If we could know exactly where we stund and could be shielded from the dangers and criticism of the public. I would prefer to g'i to some reeponaible governmental lource and say, 'Here are our facts.
Here Is our Is our property and cost of and could li told Just what prices we could charge and Just what we could do." Mr. Gary said the real problem was not the making of big profits, but It was rather the establishment of a definite understanding of the legal situation. "Do I understand that you bellev In strict governmental supervision of corporations," asked Representative Littleton of New York. "Yes I do," said Mr. Gary.
"I know that Is a radical position, but something must be done. Shtrman Law Behind Tims. "Is It your conviction," Mr, Little ton Inquired," that the Sherman antitrust law Is archaic and unable to deal with the modern situation?" "Yes." "Do not the Interpretation of that law practically order a continuance of th old competitive system as opposed to oo-operatlve modern methods?" I am afraid they do, Mr. Gary re plied. Representative Young of Michigan asked Mr.
Gary if he thought the national, government had a right to fix prloes of commodities In interstate commerce. In my opinion," said Mr. Gary "so far as It relates to Interstate commerce, th federal government ha that right" Mr. Gary, asked If the United States Steel corporation was In a position to fix prices, said that co-operative busi ness methods which had succeeded highly competitive methods had made It possible for bjg corporations to In fluence price. We cannot dominate them, he aaid, "It I not the big corporation that hangs prices so much a the small corporations that force the big ones to come down." Taking up the subject of the reported "International trust" and the Oarey dinners, at which It had been intimated price were fixed, Mr.
Gary said; "At the time of the panic in 1907, there was great demoralization tem porarily In the steel business. Tha fear existed that it would extend and become broader. The United State steel Industry" has been recognised a one of the leading barometers of trade. It was believed highly Important, If practicable, to prevent a greater demoralisation in trade." Explain th Gary Dinner, The situation, explained, caused Jobber all over the country to appeal to the corporation to do something to prevent business chaos. Mr.
Gary called the steel men of the country together In New York at a dinner to dlscuks business condition. said the consultation had proved v. -i i vbjihmujim ui cimming in siauiuiy of reasonable prices that repreaenta tlve of th steel Interests decided to meet at Brussels, Germany, to deter mine whether an annual steel Institute, similar to the American Institute. should be organised. He said he would participate in the organization of thi Institute unless he became convinced that morally or legally It would not be well to form such an organisation.
In elaborating thv Idea of the Gary dinners the chief executive of th steel corporation explained that when the panic cam the Jobber held large quantttie or material for rc-sale and if prices were reduced, failure were certain and a prolonged panic would ensue. "The United State steel corpora. Hon, which holds 60 Per cent nf th, steel business of th United States said Mr. Gary, "Is confronted with two proposition We had no right to endeavor to prevent a reduction In prices and maintain th equilibrium cf buslnes by means of an expressed or implied agreement, nor had we a mwiui rignt io agree with our competitors to maintain prices. "On the other hand, we bellev that we had no moral nor legal right to beeom Involved In a bitter and destructive competition such as follow any kind of depression in th iron nd steel industry, for th reason that If we did.
It would mean a war for survival of the fittest and many persons engaged In the business would be forced Into bankruptcy. "Thirefore, It was believed, by me, at least, that It was not for th best Interest of the manufacturers or tne laborers or the people generally that prices be reduced. "Th ouestlon was how to get between the two extremes, one of securing --iroporr-tiy-nrtring''' -out competition In a bitter fight, the other of maintaining prices without making an agreement expressed or Implied So I Invited the steel interests of the country to meet me at dinner and I presented to them these views." Suggested Remedy. Mr. Gary said told the exact situation and suggested "a remedy which was accepted by the steel me wis.
I suggested that the only way we could lawfully prevent euch demoralisation and maintain reasonable steadiness In business was for the steel men to come together occasionally and dlscloa to each other all th circumstance of their buslnesa Such In unions, who were shot in saloon recently. The confession la the first direct admission of gujlt the police have received in murder and slugglngs grow ing; out of Jurisdictional conflicts be tween the Junior steam fitters union and the plumbers' union, in which Mal loy, Altman and Gentleman were killed, several workmen were fired upon by mn said to be representa tives of rival union and scores have been badly beaten. CLEARING OF THE BANKS Monetary Transaction Financial Centers. June Rrajt street' a hank clearings report for the week ending June 1 shows in of i2. 466.043.- 00 as against 3,040, 293.000 last week and fz.sbU,S9i,ooe in the corresponding wee it last year; Per cent Inc.
Dec. New York 18. Chicago 2 37,269,000 1.2 Boston 124.540.000 3.Z Philadelphia 124.856.000 16. 8t. Louis 64,749,000 3.0 Kansas City 39.341.000 4.6 Pittsburg 44.346,000 11.1 San Francisco 36,737,000 4.6 Baltimore 26,675,000 1.9 Cincinnati 19,932,000 3.0 Minneapolis 14,766,000 13.1 Cleveland 14.480,000 7.6 New 19,550,000 21.6 Detroit 14,735,000 l.
Omaha' 12.881,000 8.1 Loa Angeles 14,774,000 2.7 Louisville 10,619,000 2.7 Milwaukee 8.5 Seattle 8,647,006 7.8 St. Paul 8.367.000 22.0 Atlanta 9.183,000 16.8 Portland 8,925,000 16.7 8,584,000 4.4 Denver 6,693,000 27.4 Indianapolis 6,326,000 13.0 Providence 6,899,000 6.6 Richmond 6,152.000 20.6 Washington 7,084,000 9.6 St. Joseph- 6,190,000 4.6 Fort Worth 4,842,000 22.6 Memphis 4,619,000 3.6 Salt Lake 3,008,000 3.4 Columbus 4,882,000 66.2 Albany 5,246,000 l. Tacoma 3.243,000 28.3 Des Molne 2,996,000 2.8 Wichita 2.556,000 1.8 Sioux City 2,125,000 22.2 Little Kock 1,497,000 12.8 Lincoln 1,373,000 Davenport 1,102,000 16.8 Topeka 1,456,000 3 4.8 Cedar Rapid 1,052,000 13.6 Sioux Falls 840,000 8.6 Fargo 278,000 16.5 Fremont 422,000 19.5 Waterloo 887,000 Houston 20.106,000 18.0 Galveston 13,027,000 24.9 Not Included in totals because containing other Item than dealings. COMES DOWN LIKE A ROCK French Army Aviator aa Ctmptn-4 oa Badly Injured.
HTERT5S. France. Mav 2. Lieuten ant of the Trench army, and hla passenger, M. Hennequln, had a narrow escape from death today while attempting to conclude the first stage of the Parts-Rome-Turin aeroplane race.
Each- man sustained a broken leg. Th aeroplane was slightly dam aged. The lieutenant was under orders from the ministry of war to accom pany the contestant in the air race on the first leg from Paris to Nice. On leaving Avignon yesterday be lost his way in the fog, and after wandering for a considerable distance out of his course, landed at Marseilles, This morning the lieutenant re sumed hla flight toward Nice. He made a superb start and the aero plane waa going well as It passed over this city.
A short tlm later, however, the aviator returned to the aerodrome at Hyeres to adjust hi motor. When a short distance from the ground, the machine veered sharply and waa capsized. Attendants rushed up and the two men were taken from under the wreckage and sent to the hospital. PISA, Italy, June 2. Aviator Frey, representing Germany In the Paris-to-Turln air race, spent the whole of this morning trying to repair hla machine for resuming bis flight from Pisa to Home, but wa unable to get his motor working properly.
Vidart who broken the left wing of his machine on making a landing at Ceclna, thirty miles south of Pisa, yesterday, returned her today and is awaiting the arrival of a new machine, PURSUES AND KILLS PAJR Angry Husband Kills Prise Flghte and Wounds Own Wife. BEND, Ore, June 2. Louis Long, the Oakland, CaL, prize fighter, waa shot and killed, and Mrs. Riley of Portland, was dangerously woundsd by the woman's husband early today while endeavoring to ecap from their pursuer In an automobile. Riley followed In another car, and when Long's machine broke down be first killed Long, then shot down the woman.
Riley surrendered. Long baa been in the central Oregon region for some time, takting on fighters In various towns. He waa in Portland a few months ago and it Is thought the Riley woman followed htm. Riley chase of the Long car was supposed by spectators to be a race and they cheered the Irate husband as he slowly gained on the first macjiine. Onlookers declare that Long clinched with his antagonist and then Riley reached around and shot tb prize fighter in the back.
CINCINNATI HOTEL FIRE Center of Business District of City Threatened. CINCINNATI. Jane a. Hotel Walton at BUth and Walnut streets, In the center of the downtown district, I burning, and appear to he doomed. It la believed all the guests have been aroused and taken out safely.
Tbe blase in a district in which are located a half docen other hotels, and theaters and other buildings are menaced. TELEGRAPH BRIEFS. Ninety-one degree of heat wa recorder at Wichita. -Pig tin established a record price at London, pot selling at 216. TeaMmony wa Introduced at Des Moines Implicating James O'Callaghan In the treasury robbery.
Thers was a revival at Pittsburg of the circulation of petitions asking the recall of Mayor A. C. Graves. Fire destroyed two nine-story grain elevators and a large malting house of the Conrad Schrleler Brewing company at Shevbogan, Wis. H.
H. Hilton won the British amateur rol(' championship for the third time, defeating E. A. Lassen of the Lytham golf club, by 4 up and 3 to play. The long effort to secure the admission of American securities to tbe Parts bourse resulted In the listing of the common stock of the Santa Fe railway.
Herber Kullman, president of the KuTt-jnan. Baals tanners of Benlcla, and president of the water" coin-' pany, committed suicide at Chicago. "Red" Lopes, ordered imprisoned on the charge that had "sold out" to American interests while In command of a section of insurrectos, has been convicted. A police lieutenant, Ivo sergeants and tiro republican political worker were each sentenced to one years' imprisonment on tha charge of conspiracy at Philadelphia. LAW COLLEGE DEAN RESIGNS.
IOWA CITY, la, June 1 Dean Charles Noble Gregory resigned as head of the college of law cf the University of Iowa today and accepted the deanshtp of George Wsshington university, Washington, D. C. could not do more." Chairman Stanley directed Judge Gary' attention to the question of the supply of Iron ore. ih latter denied that hi organiza tion controlled the ultimate supply of iron ore Jn the I'nited State, despite hla statement in 1908 to the way and mean committee of the house seem ingly to that effect Independent manufacturer have large holdings, he Bald: Judge Gary's attention was then di rected to the manufacture of steel rails. He denied that th ateel corporation controlled the prices of rails, adding that they could not be sold for less than a ton.
In this country" Interrupted Mr, In reply. Mr. Gary undertook an ex planation of why steel rails could sold abroad cheaper than at borne. He said that, like the merchant who clear hi anelvcs once a year by gelling his goods at cost, so the steel manufacturer could sell his surplus abroad at $2 or at cost The result wa the mill were kept running, reducing the cost of production, keeping together a compact organization and bringing to this country large sums of The ultimate effect, he said, was to reduce the price to th do- mestlo consumer. All countries prac tice thi dumping, Mr.
Gary eald. Th "Dumping" Process. "How long has It bean line any country 'dumped' rails onto as?" asked Chairman Stanley. in about 104 or 1906, or 1906, came the response slowly. "Last year som rail were 'dumped' on the Paciflo coast" Representative Littleton, taking up the examination of the witness, in quired if it wa not true that the BteeC manufacturer were trying to steer a nice course- between the Sherman anti-trust law on the on hand and the obstacle of competition on the other.
Well." replied Mr. Gary, "I wish we knew how -we could rightfully and lawfully do It" "Then you think In the light of the experience of the last ten years that present prices can not be maintained for another long period and still avoid the nhurp corner of the Sherman law?" Mr. Littleton asked. "I do not think It can be done," aaid Mr. Gary, "Thore la uch a diversity of Interest In the steel business that It seem to' me that there must be some way devised to allow the manu facturers to protect themselves from obstructive competition that will drive manufacturer out of business or else we will be In chaos." "Then," Mr.
Littleton continued, "do you believe that there no way com petition can continue freely and the steel business develop and result in benefit to the consumers?" 1 don't 'think It can- except tinder government control," said Mr. Gary. You think, then, tne time has come when we must surrender the competitive method In business for acceptance of a new policy In big buslnesa affairs?" "It seem to mo It, has." Chairman Stanloy asked Mr, Gary If, under government control, business Interests could stop short of absolute government ownership. 'l think when that is done the banks and railroads, hav done It to a certain extent The banks hav only gone to the extent -Of absolute publicity and the demonstrated right of the government to control opera tion." Dissolution Msde Easy. Mr.
Littleton askod the witness if the United States Steel corporation could effect a dissolution of It sub. sldlary companies and absorb them into one great operating company un der one head. Tea, we cbuld and readily would If by tha suggestion from soma official source, lie sold In regard to gov ernment control. "By thus continually reducing th cost of production," suggested Mr. Me-Gllllcudy, "It serves as an advantage for subsidiary companies to be in the corporation rather than independent, doe it not?" "Oh, yea," said Mr.
Gary. "Then an outsld competitor has to compete with all your companies, that are striving together to reduce pro duction, dos he not" "Yes," anxwered th witness "We have of greater capital, of greater talent for organisation, of large funds In a central bank, and the like, and the subsidiary companies, by virtue of the organization, do not need half as much money as any of them would need to operate Independently. These companies could not do one-half of the export business they do today If they were segregated. Th export situation 1 one of the dominating causes. of the organization of the United State Steel corporation." He said the steel corporation could limit the production of the subsidiaries and control the business methods of all of them.
Mr. Stanley asked Mr. Gary If it were true that steol rails had been sold In Australia by the steel corporation at a price lower than the fixed price of $28 a ton. "I read from an articl which stated, 'Every on know It to ba a fact' Every ono would lnolude me," salt) Mr. Can-, "and I did not know that, nor where th Information cam from." He aaid that to his knowledge th only time when tb foreign price of rails was higher than the domestic price was In 1800.
when the foreign price was 27 cent higher per ton. Mr. Gary aroused the interest of the committee later by declaring that It would be necessary to Increase th price of rails, and that he already bad told repre.sentative of th railroads that it would hav to be don. "The cost of producing rail ha greatly Increased in the last ten ears." said Mr. Gary.
"Wage hav Increased, Increased speed of th railroad demand heavier and, better rails." "Having failed in your strenuous effort to keep price down during th last ten yeurs, you are now going to put prices up," suggested Chairman Chairman Stanley. "1 have given yott the facts, which show for themselvea You can Judge by the testimony." wa Mr. Gary' response. TAKEN TO COISTI" JAIU The demented man picked up cn th street Wednesday night by a police officer and held tn the -city Jail all day Thursday, was yesterday afternoon turned over to Sheriff Hoagland. The man Is unable to g.ve his addrwss or occupation.
When picked up by the officer he waa eating paper on the street. He will be held at the county Jail until physicians hav decided what to do with him. Ot'T HV All. THIRTEEN Thirteen hours' liberty after he had been serving Jail sentence of fifteen flays -war -trie' rack of -Oeorge- Fhetn yesterday. However, Shasteen did not come back oa the umt day he was released, fie missed that by ten minutes.
He a discharged rnday morning at 11 o'clock. The exact time of his return was 12:10. He bad bean drinking. SEGRO VSDKR ARREST. Bert Potson.
a was arrested on the carnival grounds by Officer Hember, while Poison was trying to "lift" something from one of the stands. Th county grand Jury at Nashville, returned an indictment against K. Goodpasture, accused of offering to bribe Representative J. H. McTtonalu.
a republican, by ottering him $1,500 to vote with democrats' on organisation and to repeal the liquor manufacturers' law and tb election law. responsible (or Morgan's efforts to sell the Tennessee company to the steel corporation in order to save the trust company, whloh had loaned too heavily on the Tennessee stock. Mr. Gary referred to the possibility then of suspension of many banks and failure of many persons. He told of the conference with Mr.
Morgan, Louis Cf-sa Ledyard, counsel for Colonel Oliver Payne, one of the syndicate that purchased the controlling Interest in the Tennessee company. Mr. Gary said Mr. Ledyard told him Moore Schley were largely Indebted to Mr. Payne.
They had deposited with their security on Indebtedness of $3.000, 000 many shares of the Tennessee Coal and Iron stock with many banks. Banks Were Insistant- "The banks had called these loans," said Mr. Gary, "and were Insisting that Moore Schley take up the Tennessee Coal and Iron stock. It was not salable. I will not say that It had been manipulated, but it was a stock that had been, through a period of many years, raised from a low to a high price; it had been In control of a syndicate that Influenced great fluctuations.
It was reported that Moore 4 Schley had pledged of this stock In the various banks. Mr. Ledyard said there was no possible way to prevent the failure of Moore Schley unless we purchased this stock, and he believed the failure of Moore Schley would mean the failure of many banks. "Mr. Morgan said to me: 'I don't know whether the United States Steel corporation can afford to purchase this stock or not.
You know best to that. If it does not buy It, If the United States Steel corporation or some on else does not furnish relief no man can say what the effect will be on the financial situation throughout the country. The situation la ex tremely critical. If you can see your way clear to buy It I have no doubt itch action will relieve the situation. I will turn Mr.
Ledyard over to you to see what you can "I said I would not consider taking any action without going to washing ton and taking the situation up with the president or the department of Justice. 'Have they any right, asked Mr. Morgan, 'to say whether the United States steel corporation shall buy this corporation or not? "I said. 'No, but here is a financial crisis, the purpose of buying this stock la to overcome the tendency to ward a panic, and if the president or the department or Justice should And out that suoh action was being taken and should enjoin us on the ground that the acquisition or holding of the Hock created a monopoly, what we had done would make the financial situation much worse than it Is Fereible Reasoning, Said Morgan. "Mr.
Morgan aaid true was roreiM reasoning." Mr. Gary said Mr. Frtok agreed with Mm that the stock was not worth more than 85. Not until Mr. Morgan told him what he thought about the panto did Mr.
Frick give any encouragement to the plan. The finance committee of the steel corporation was summoned to the Morgan library. Mr. Frick, according to Mr. Gary, "offered a resolution proposing that offer to loan Mr.
Schley 15,000,000 or In cash, taking the Tennessee Coal and Iron company securities as collateral. If that offer failed to supply Mr. Schley's wants It was proposed then to buy the stock on the basis of SO, payable In steel corporation stock. Mr. Ledyard said that would not do at all; that several persons offered to loan each to Mr.
Schley so that his total resources would amount to $8,000,000 or but that he could not possibly get through with that. Mr. Krick and myself then conferred with Mr. Schley and tried to get him to take the loan. did not want the lock." Mr.
Gary said Schley told Frick he must sell the stock to keep him from that unless he was mistaken, an assignment already had been drawn up for Moore ft Schley for their creditors, and that Schley's attorney, Thomas Thatcher, might be able to tell of such an assignment. "I have heard since," said Mr. Gary, "that Schley ha made statements that he could have got through all right, but anyone who htard him at that time would not have thought so. Therefore, began to talk to Ledyard about purchasing the stock at to. and we finally agreed to It, subject to the objection that might possibly be made in wasnington.
"We were all clearly of the opinion aid Mr. Gary to Representative Lit. tleton "that the attorney general might not have th right to endorse me transaction." Drain cn Banks Dangerous. Tha steel enrnnrni Inn mm v.ji that ttm about 176,000,009 on deposit In banks and it could not have 1 .1 i rimumwn raun wan fB.VUU.UUO Wltn- out creating great financial disturbance. "After the agreement had been made to take th TnnHn mt on miA i- Gary, "Ledyard came to me and said that Schley had told him tha price of coma not jet mem out of their difr fleultlM.
I nnllio that nmtmm his testimony that when be got home from Europ he made them rata th prlo la th transaction. If ha msde that statement It must hare been by varconi. lor tne wnoi transaction wa closed before hla arrival from Eurone. "On November at a meeting of niwsw commute or in corpora- inn th An tlrm m.ailn. mamm I piu referred to tb chairman and I agreed wuu ieayara to mis tn price to 100 to let Moore and Schley pull through My bargain was entirely with Ledyard.
mr, aiorgaa certainly old not par ing or telling. I held no brief for Mr, i organ, but I state this beoause of uie sensational statements that have imn nuvue. taken Roosevelt. "After the agreement to bur the stock at 100 the finance committee of in steel company met and dismissed putting the deal up to President Roosevelt." Mr. Gary said that at 10 o'clock Huntiay night.
November 4. ha called up th secretary of the president from r.ew xorK to arrange the conference. He and Mr. frick departed that night, traveling on a special train and hnr. rled to the whit house ahead of the appointed hour, a "Mr.
Morgan had told us that the conditions were so critical be would Ilk to hear the result of our conference at the earliest posaime moment. "After hearing our slorv:" continue Mr. Gary, "the president said he would line to consult tne department of Jus-tic. Mr. Bonaparte was out of town and the -president called Secretary of mat nooi inio nis omce.
The preai dent aaked me to state the oasa I The Old Line Bankeks Life ASSETS OYER ir $4,400,000 JTirst Farm Mortg-ag-es HAS NO PERSONAL LONGING STORY Or PROGRESSIVE SIPPORT IS REPUDIATED. Coaeerreaee In Stand era Oil Decision Disappointing to Radicals Hoase tend Sea-ate Ultlmetnm. WASHINGTON, June 2. (Special.) Progressives in the senate and house are considerably stirred up over the report that they are seeking to make Justice Hughe the candidate for the republican nomination for' president, whom they will support In 1912. They are strongly denying that they contemplate anything of this kind or that they have contemplated it- It has been going the round la print a good deal lately that the progressives bad In some way approached Justice Hughes and urged him to be a candidate and that he bad utterly refused to consider it While this may have been done by one or perhaps more individual progressives, it la certain there has been no action of this kind by th progressives In congress a a body.
As a matter of fact, they would not only nat urge Hughes to take the nomination, but many of them would not support him for the place. It is a question whether some of the progressives would not refuse to vote for him In the election, if he were nominated. 1 Stadard Oil Ruling Unpopular. Justice Hughe has materially weakened himself with the progressives In congress by acquiescing In the supreme court decision In the Standard Oil case. It is declared that this decision of tbe court baa mad Justice Hughe an Impossibility as a nominee for president Even some of the regular republican politicians recognize that if it ehould happen that Justice Hughe were nominated this decision would be used vigorously against him.
As a matter of fact, there was a time some weeks ago when the name of Justice Hughes was being seriously considered In connection- with the nomination. But the consideration wa by regular republican leader who were casting about to find a. man to head the ticket, and who thought President Taft could not win. But Justice Hughe did not encourage the movement and while there lfl- still Hughes talk to be It 1 not at this time being taken with much seriousness In Washington. The talk of a strong progressive movement for Hughe is about as seriouBly taken here as the talk that Senator Cummin will be named for vice president on a ticVet with President Taft Senator Cummin Is not a candidate for vice president and would not accept the nomination (or second place on the ticket.
He occupies a most influential position in the senate, and he could not be Induced to sacrifice it forthe sake of making the race for vice president, especially in view of the uncertainty of the republican prospects in the coming presidential campaign. To Keep Senate At It. The house leader'' propose to keep the venerable senate of tha United States here In Washington through th hot mortths sizzling and steaming and stewing for the purpose of compelling It to vote on reciprocity, the free list and other important phase of the tariff, question. The senate Is not going to be allowed to recua and get away front the hot weather if th house know itself, not by a Jugful. Speaker Clark has been meditating on the senate talk of taking "a recess through July, August and September, and he doesn't like it He says the senate will have to stand the hot weather a best it can, but It doe not need to think tbe house 1 going to allow it to get out of Washington without taking action on reciprocity, th various amendments offered there to and some of the other big things on the democratlo program.
The house democrats have such complete control of the house situa tion that thi probably means they will be able to force th senate to stay here until there have been tests on reciprocity, the free list, one or two schedule and perhaps reapportion ment and campaign publicity. As neither house can adjourn for mor than three day without the consent of the other, th senat will probably be helpless. As thing stand now, the house la tn much better situation than the senate, The house ha nearly com' pleted Its work, an.d it can loaf around and go to ball game while th sen ate hammers away at the tariff. Army Fsud Still On. When Major General Leonard Wood was made chief of staff of the army, being the ranking general officer of the military establishment It wa supposed the historic feud between the olBce of the chief of staff and the office of the adjutant general, of which Major General A Ins worth is the head, was at an end.
But it Is not On the contrary. the feud 1 on as bitter as it ever was Interesting evidence of this fact haa come to light before the house committee on military affairs. The other day General Wood appeared before the committee in behalf of a bill to create a bureau of the general staff. The bill proposed would materially Increase tha powers of the general staff. Tucked away in th fold of this bill there appeared a revision which would have done away with the ad jutant general office a now const! tuted.
It would hav had the effect- of landing General Alnsworth out in the field In command of a division. General Alnsworth and his friends discovered what wa In th wind and busted themselves mightily trying- to head off the fell purpose of the chief of staff to swoop down on th adjutant general' office. The result is that the committee win prooatiiy Kin tn bill. In the meantime the adjutant general's office 1 keeping a strong picket line out to see that General Wood does not attack and capture it some dark night. And the feud between the two fflces la causing a division among army offi cers that ramifies more or less through th war department CONFESSION 0F A KILLING Agent of Ckleaare) Vaton Make AUminlon.
CHICAGO, June I. Maurice En-rlrht. business asent of1 the steam fitter' union, charged wttn the murder of Vincent Altman aad William Gentlemen, and thought by the poltre to have been Implicated In other shooting affair and labor slugging, tonight confessed he shot and killed Gentleman In a down town saloon May 22. Enrlght absolved labor union officials of any responsibility of the murder and declared he -shot Gentleman after Gentleman had fired several shots at him. ending a personal quarrel.
He denied he had any personal knowledge of th killing of lnont Altman and swer to the president, recommending that he transmit it to the department of Justice for Its permanent files. This letter was followed by this acknowledgement from President Rooeevelt: "Mr. Gary state the facts a I r-mtTnber them." "I remember," added Mr. Gary, "that Mr. Root said to the president that of course he had no right to say that could buy this property.
The president said he understood that, and that all we wished to know was what would be the attitude of the department of Justice. "The president said that In case of objection we could not permitted to buy. I remember the president also saying he whs glad to know that the percenta of steel production of the United States Steel corporation had not increased and was less than at th time th corporation waa or ganised. I think saiu: in view of the fact that your percentage of control of the steel industry ha not inereaaed. but decreased, and appre ciating the financial distress, I don't belle It is necessary for me to eay that I don't feel like objecting under th Question of Law Violation.
"When you went to th president did It amount to your obtaining an opinion a to whether the deal waa a violation of th lawT" asked Mr. Littleton. "We did reach th conclusion," admitted Mr. Oary, 'that If we acquired tha securities and afterward there should a proceeding by th government against us, to prevent confirmation of the deal It would amount to a great outrage." "And if uch proceeding were jaxen the company thought It would hav a strong defense, did It?" asked Mr. Littleton.
"Well. I think we should have If Mr. Martin Littleton were defending the case," said Mr. Gary. Mr.
Gary said regretted tnat Chairman Stanley, of the committee. believes "that Mr. Frick and I mis represented th fact to President Roosevelt, and he wanted to satisfy th commute by facts and figures that there Wa no misrepresentation. "I believe everyone connected with th United States Steel' corporation care more for hi conduct, reputation and character than he does for th making or losing of a few dollars." Chairman Stanley said hi opinion whatever It was, had been formed alter a careful study of facts put be fore the oommlttee and the Judicial Interpretation of its members. "I regarded the absorption of th Tennessee Coal and Iron company by the tacit consent or the president with profound astonishment," said Mr.
Stanley. "I have always regretted that the full facts as to our conference with the president did not develop at that senate hearing," said Mr. Gary. Bank Wr Responsible. Questioned by -Mr.
Littleton, Mr. Gary said Moore A Schley could not hav failed If th bank had not called their loan a "Did anyone try to find out tha exact amount of these loans asked Mr. Littleton. tried to verify their statement by sending two representatives to examine their books," said Mr. Gary.
"My only recollection is that they reported th loan to very large." "Wa It not easy for you to hav been deroived a to th necessity for purchasing the company, unless you actually knew the amount Moore ft Sohley owed?" askd Mr. Littleton. "Ys.M said Mr. Gary. "I think were deceived In this respect.
At least I bellev Moor A Schley had a much larger amount of this stock deposited a collateral than they actually Referring to the testimony given hv John W. Gate last week. In which ld he regarded the taking over or tne Tennessee company as a forced ale, Mr. Gary said! "Mr. Gate says In his testimony that the board of directors passed a resolution that minority stockholders should hv the right to turn in their stock at th same price, I have no recollection of that.
If It 1 true It would look a though they were rath er forcing us to buy than that we were trying to mak them t01. A a matter of fact, th original memo randum provided that we should take th minority stock at the same price as tn others. Thi was consummat ed before Mr. Gate returned from Kurope. I think he Is mistaken In hi memory of the facta Big Earnings of 8tel Roads.
Mr. Gary was also questioned con cernlng the apparently "phenomenal1 earning of the railroads In th Lake Superior ore region owned by the United State Steel corporation, fig ure of the earning were read to him and he assumed they were correct. Th Duluth A Iron Range railroad, of which Mr. Oary 1 a director, de clared dividends from 40 to 80 per cent since Its absorption by th United States Steel corporation and had net earning of more than $3,000,000 annually in late years. Mr.
Gary explained this was largely because of the advantage of location of the roads and becaus they were connected with enormous Interests which enabled the-eompanle' to- keep the roads In perfect condition and furnish transportation facilities at a minimum coat. Mr. Stanley asked If these steel corporation roads, which hauled ore to the lake, did not haul coal and coke back at a rate of 100 per cent higher than the rate charged to haul or from the mine. Mr. Gary said he could not deny that Representative 1 Gardner asked If there were not men also Interested In protecting th situation who would have shared the steel corporation th burden of relieving the situation.
Mr. Gary replied that there were few men who took the view of a finan adian port So great is the rush of coronation vlsltora that some of the officers of tbe steamship have given up their cabins for the accommodaX tion of the passengers. Among those sailing on the Empress of Ireland la a large contingent of soldiers who will represent Canada at the coronation, POPE CELEBRATES BIRTHDAY. ROME5, June 2. Pope Pius reached hia seventy-sixth birthday anniveraary today.
Owing to the fact that he haa not fully recovered from his recent Illness there was no celebration of the day. During the morning, however, many of the cardinals, Vatican officials and other Italian and foreign churchmen and laymen left their cards and many addresses anJ. telegrams of congratulation were received by hia holiness from all parts of the world. WEDS FOREIGN NOBLEMAN. PLAINFIELD, N.
June 2. A distinguished assemblage filled the church of the Holy Cross this afternoon for uie weuuing or miss Virginia liege- I man and Baron Tibor Podmanlczky. The bride la the daughter of Mr. and Mrs. B.
Arrowamlth Hegeman, of New York and Plainfield. The' groom waa formerly an officer in the Hungarian army, but la now retired and has been a student of medicine In the University of Freiburg. Danville to Stay la Learnf. DANVILLE, 111., une 1-It Is orac- tlcaily settled that th Danvlll Three I ball club will remain here and play out the season's schedule. James Boyle, who has been acting president during Presi dent John Powers' absence in California, will, be manager and will appoint a team captain.
Boyle agreed to put up ana rommuiees representing the Danville Industrial club are hustling for (2.000 to pay the Indebtedness of th jlub. HEAT RECORDS BROKEN. KAN8A8 CITY, June 2. Heat records for the year were broken throurhout the southwest today. The highest tempera ture waa reacnea at Flttsburg, where It was 105.
Locally the mercury climbed to 98. Other high marks were: Joplin 7, Oklahoma City 95 and Wichita 94. 'Excessive heat was also reported from northern Arkansas points. There were several prostration, but no fatalities. DOCTORS Scarlet li year In Lincoln SPECIALISTS IN Chronic and Nervous Dijeam of Men and Women Skin and Blood DISEASES Cafl Stones and Piles diseases of th Noe, throat Lungs, Btomach, Bowels, Liver, Rhautnatlim, Stricture, Varicocele, Kidney and B4-4ar; Catarrh of all kinds.
All Diseases and Disorders of Ma All Examinations and CensuttationtN FREE. Charges Low, Quick Cures. 1 Ca'l or writ for Booklet P. Box C4. Office hour (except Sundays), to it a.
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