Bemidji Daily Pioneer Newspaper, June 24, 1914, Page 4

British Minister Criticises Railroad Magnate. “PIRATE AND BUCCANEER”| Engllsh Chancellor of the Exchequer Replies to St. Paul Man’s Comment on “False Humanitarianism of Brit- ish Social Legislation. London, June 2: Chancellor of the Exchequer Lloyd-George, in a speech in Denmark hall, South London, re- ferred in a wrathful manner to the paper of James J. Hill, the American railroad magnate, which was read be- fore the National Foreign Trade con- vention at Washington May 27 and which denounced the ‘“false humani- tarianism of Bri h social legislatiol Mr. Lloyd-George said he supposed that this “benignant financial poten- tate” regarded as true humanitarian- ‘sm sending old men who had spent their days in building up great for- tunes for men like himself (Mr. Hill) to the workhouse, or letting them starve or die for lack of medical aid. The chancellor of the exchequer sald he desired to assure Mr. Hill that he need not worry about the con- ditlon of British trade. Great Britain had never enjoyed such prosperity as since the legislation of which he (Mr. Hill) complained had been passed. The speaker said that if Mr. Hill studied the trade returns he would find that the power that most gov- erns the world did not punish with bankruptcy and ruin the nations that performed kindnesses for the old, the feeble and the Opposed to Human Legislation. “I would like to tell you,” Mr. Lloyd- (ieorge said, “the real reasons why these golden apostles of true human- ity are intervening in British poli- tics. Read the American newspapers, not the papers that support thesc great trust potentates, but the papers of millions in America. [ am told that you will find that while the trust magnates are viewing with disgust and dismay what the old motherland Is doing for the trodden and tram- pled, the great democracies of the West are watching the legisla tion of Great gritain with new hope. “The people of all lands are getting in touch with each other for a great forward movement toward the daw and that is what these people a frightered about. “America re getting sick of the ruthless pir of these modern huc- caneers. and these buccaneers, ba’™ fled and beaten in their own land, are coming here to stop the deluge at its source. Th have failed. and they will fail ag: LAWMAKERS MAY SIDESTEP North Pole Problem Put Up to Con- gress. Washington, June 24.—Congression- al action to determine the priority of the discovery of the North pole is proposed in a resolution prepared for introduction by Representative Smith of New York. It declares that in view of the questions of scientific, commercial, economic and educational importance involved in the discovery of the North pole, the uiisettled right of United States citizens to partici-| pate in the fur, mining and other in-! dustries in the Far North, and lack of any declaration by the United States government that an American reached the North pole in advance of any oth- er, the secretary of the navy re- quested to transmit to congress a| detailed report of his findings in re-| LLOYD-GEORGE RAILROADS MUST DENOUNCES HILL REPAY SHIPPERS ‘| by how much it Ten Millions Involved in Rate Decision. Supreme Court Ruling Gives Carrlers Little to Do With Fixing Tariffs, That Duty Falling on the Interstate Commerce Commission. Washington, June 24.—With the supreme court’s deécision sustaining the interstate commerce commission’s intermountain rate orders the way is opened for shippers to recover sums estimated as great as $10,000,000 from railroads which have been charging the old rates while the case was being fought through the courts. Reparation and the amount will have to be decided by the commission in a separate action. That the distribution throughout the the country of the benefits of the Pana; ma canal will rest with the commis- sion and not with the transcontinental railroads is one of the conclusions being drawn from the decision. - It has been generally held that the Panama canal would reduce freight rates from Atlantic sezboard points to Pacific coast cities and vice versa, but the question of to what extent the railroads might allow interior points to share in the benefits of wa- ter competition enjoyed by the sea- board cities was in dispute. Commission Will Answer. The decision of the court is that the commission will answer those prob- lems and that the railroads may sim- ply proceed to haul the freight. The railroads fought for the right to adjust the trade balances among various sections of the country. The court found an answer to the whole controversy in the holding that con- ress had conferred on the- railroads Ives the right to make dis- criminations in favor of a long haul and hence had the right, and did in 1910, to take this right from the rail- roads and give it to the comumission. Applications from railroads to put into effect fong aud short haul rates throughout various sections of the country have been held up pending the court’s decision. Tt is expected that the commission will at once pass upon them and if they are found reasonable, determine right for the roads to allow certain long hauls to exceed short hauls. Whenever you have trouble in metting Phone Nos. 65 and 390, please report at once, time and date. W."G. Schroeder.—Adv. 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Succes: Model Manufacturing Co. Incorcorated Manufacturers and Jobbers Ice Cream, Bakery Goods w—Y romr Confectlonery and Fountain Supplies < oy reee 315 Minnesota Ave. Bemidji, Minnesota TO HAUL FREIGHT ONLY GREAT WESTERN STOCK UF Sald Grand Trunk May Take Over Smaller Company. New York, June 24—Preferred stock_of the Great Western road was quoted above 40 on the New: York Stock Exchange, the first time the stock has reached this point in sey- eral years. The sharp demand for the stock has given rise to reports connected with -the possible disposi- tion of the road. Many rumors connect the road with the Grand Trunk. That the Grand Trunk will purchase the Great West: ern outright is not believed by many, but the assertion that the Canadian road will take over the operation of the smaller company under an oper- ating agreement finds ready accept- ance. “ GOLD EXPORTING ABOUT OVER Officials Believe Fall in Exchange Rate Will Act as Check. 7 ‘Washington, June 24—Treasury de- partment “officials are confident the usual exportation of gold is drawing to an end and predict there will be little gold exported from now on which had not been contracted for before the exchange rate fell. The sudden decline in the exchange rate to a point where the exportation of gold is no longer highly profitable is taken as an indication that the heavy shipments of gold already made to Europe have satisfied the demand in a measure and a further decline is expected by the treasury departinent. 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