The Butler Weekly Times Newspaper, October 5, 1911, Page 2

oh WASHINGTON LETTER. | | Special Washington Correspond- | ent of The Times. | By Clyde H. Tavenner, | Washington, Sept. One of the New York financial papers which! has the interest of Wall street very much at’ heart printed a statement) following the recent disturbance in| the steel market to the effect that the | flurry caused a decline in steel shares of approximately one hundred million dollars. : \ In the three days of the flurry nearly one third of the trust’s! $500,000,000 of common stock was sold on the stock exchange in such; volume that the price was carried to! new low levels, thus showing that one hundred millions in decline represent the amount of money it is worth to the trust to be considered | immune from the operation of the Sherman law. Nothing has happened to indicate! that anything is wrong with the intrinsic value of the steel properties. | The mills are working as usual, and are in exactly the same state of efficiency they were in two years ago when the stock was selling at its high water mark. The shrinkage came because of rumors that the trust was to be prosecuted, and as the business—the real business—of the trust was not injured in any way, the one hundred millions simply represents the excess profits the trust | stood to lose in the event of dissolu- | tion under the application of the: Sherman law. In other words the shrinkage serves as a measure of the | value to the trust of a license to vio- late the law. When that license was threatened the trust’s shares fell im- mediately, and this fall in prices, simply as the result of a scare, is pretty sure to be used by the Demo- crats as an argument for making se- curities keep down to their real value through an enforcement of the anti- trust law. Commenting on the fall of steel | prices, Chairman Stanley, of the} House committee which just now is investigating the steel trust, said that nothing could better demonstrate the necessity of enforcing the anti-trust law. “It is obvious,’ Mr. Stanley said, | “that the reason steel stocks fell a hundred million dollars fs because the trust was operating under an as- sumption of immunity from prosecu- tion under the anti-trust act. The instance that immunity was threat- the American people from the inde. fin ened, the stocks fell. The very inse- curity of the basis on which the trust rests, as thus shown, is sufficient reason for an application of the law that will compell the stee! millionaires to put their business on a more leyiti- mate foundation. Otherwise their stockholders will always be appre- hensive, and their methods open to suspicion.” That it was this fear of losing its license to violate the law which caused the steel trust to suffer is in- dicated that the ‘“‘break’’ in stocks applied to no other securities, Nor was there any indication of a lessen- ing of the demand for the products of the trust. Market conditions re- mained normal; the stocks of some of the railroads increasing. | ‘profited little by the President’s ac. | The ‘‘steel flurry’? was proof posi-| eral Wickersham, who has let it be tive that the shrinkage in stocks, |known that he intends to get after under the conditions named, reveals | some of the big corporationf. that the steel trust’s license to ignore| -That President Taft’s opposition to the law is worth a hundred million | the trusts will be about as sincere as dollars to the trust. | his advocacy of tariff revision down- The Aldrich Way. ;ward is indicated by his. Detroit The laws of the United States stipu- | speech, in which he opposed amend:) late that no one person shall hold | ment to the anti-trust law. more than one position under the government the salary of which is in| excess of $2,500. Nevertheless, A. . ? ec: | Piatt Andrew is Assistant Secretary Dalloting 295 times and considering | aa | 100 different names, Gov. Hadley, At- | of the Treasury at $5,000 per year, : eh ; and as right hand man to former torney General Major, State Auditor | | Gordon, Secretary of State Roach and | State Treasurer Cowgill succeeded | ora to-night in naming the four commis- No. 683 Butler Aceommodation... isioners provided for by law to have | No. 64 Butler Looal Mreight............ charge of the construction of the new | State Capitol. Col. E. W. Stephens | of Columbia, Joseph C. A. Hiller of | a“ , ; " ‘St. Louis County, A. A. Speer of Senator induced President Taft to ‘ | give him the treasury job, and when Chamois, and Theodore Lacaff of Ne- that was safely landed Mr. Aldrich | ¥@4a, are the commissioners. Capitol Board Named. | Jefferson City, Mo., Oct. 2.—After | INTERSTATE, WEST. No. 698 Madisou Local Freight, Senator Aldrich on the Monetary Route Mp lagu Local EseieD Commission he gets $3,000 more. Both are government jobs within the meaning of the law. Andrew is a bright young man, and was picked up by Senator Ald- rich several years ago. Later the traina carry passengers. BUTLER STATION 12:01 p.m, fiveo’clock p. m, No freight billed for this 3:50 p.m. trainin morning. E. Admiral Schley is Dead. New York, Oct. 2.—Rear-Admiral . The first two are Democrats and E a te . ' Pe pleased an ohiienactirgy Clan the latter two Republicans, who were ; ; suggested by the Governor in a list of | ee eee Renee rege | famed fe au enTt | Winfield Scott Schley died suddenly z i a Hi di Bs d 7 Colonel Stephens was elected a to-day near the corner of Forty-fourth Milsy Sul Handicapped: week ago and the other three today | Street and Fifth Avenue while on his President Taft's exoneration of Dr. and tonight, a separate meeting being way town town. The Admiral was Wiley carried with it to many minds ‘held for each. dead before medical aid could reach the impression that Wiley’s authority; yr, HiNler’s election was agreed | him. had been restored. That is a mistake. /upon by the Democratic members of The doctor remains a nonenity as far the board last Saturday. One ballot / When the Democratic National as enforement of the pure food law is sufficed for his election today, al];Convention met in Kansas City in concerned. ‘voting for him. Following this elec- | July, 1900, the name of Rear-Admiral The board of food and drug inspec-, tion Gov. Hadley submitted a list of | Schley was suggested several times tion continues in control of the ad-| the following six names of Republi- | 2S the presidential nominee. But the ministration of the pure food law. It cans whom he recommended for elec- | friends of the admiral pointed out still consists of Wiley, McCabe and| tion: Walter C. Root of Kansas City, \that he often had said of himself, “I Dunlap, and it is inconceivable that Henry W, Kiel and Andrew J. O’Reily | 8m a sailor, not a politician.”” their relations will be more harmon- | o¢ ¢¢’ Louis, Theodore Lacaff of Ne-| _Rear-Admiral Schley was born in ious because of the failure of the | vada, John H. Bothwell of Sedalia ; Frederick County, Maryland, in 1839. scheme of McCabe and Dunlap. and A. A. Speer of Chamois. | At the age of 17 he got an appointment Without a thorough house cleaning | = |to the United States Naval Academy in the Department of Agriculture the Summary of Flood Disasters ‘at Annapolis. Of his days there the interests of the people will have of United States in Fifty Years | only anecdote that is told is that he 1849—New Orleans inundated; 1600, “2S called “Peggy’’ by his fellow tion. ‘ midshipmen. | P 5 persons swept to death. : a . x pete Nore Droeehy IE 1874—Mill River Valley, near; ‘!@ was fond of wearing his) “On the tariff the President occu- | Northampton, Mass.; 144 lives lost. trousers with huge pegs at the knee: pies the position of a Dr. Jekyll and 1874—Pittsburg and Allegheny and EM Cent narrowness at the, Mr. Hyde,’’ declares Oscar Under-| ivers overflow; 200 persons drowned bottom, one of them said of him not | wood, Democratic _leader of the 1889—Johnstown destroyed by | long ago; ‘‘his purpose, I think, ‘was House. “When tariff legislation '8| breaking of dam in Conemaugh Riy-| to display the smallness of his feet, protected interests of America are al-; er; 2142 persons drowned. |He was very proud of his small feet. | ways able to convert him into Mr. 1892—Mississippi river flood, May | His first cruise was to China and | Hyde, standing for all the indefensi- 25; 250 persons perished. [depen the year after his graduation. ble iniquities of a high Protective] 1g97—Mississippi valley floods; | 14@ second year he was appointed to, tariff. As soon as the tariff legisla- | heayy loss of life. . the lieutenancy of the Niagara. At} tion is out of the way, and the big| 1900—Galveston inundated by tidal the outbreak of the Civil war he} interests have got what they want, |wave; over 6000 lives lost and $12,- served on the Winona, and it wes and the President’s genial smile radi- | 099,000 property destroyed by West | here that he first was brought into | ates from the back end of a Pullman | Indian hurricane. | recognition that later resulted | in his car, he becomes a Dr. Jekyll, with | 1905—Mississippi flooded; damage | Securing aicommand. It is said that the gentlemanly intention of relieving | ¢1 090,000. nee i the ee Fler ed | a runk one afternoon an at the’ Last Sunday evening Wm. and Jos.| young lieutenant locked him in a Nichols went to the pasture to move} cabin and assumed control of :the a sow with a litter of pigs to shelter. | ship, i 3 ane ___| They were engaged in picking up the aeal | Now that the Taft administration | pigs when the infuriated mother made rele tn pein! yee Ag has: found in the middle of a troubled | , vicious assault on Wm. She jumped | when war aris declared abal@rcennitis.| political stream it proposes to change | a him with sufficient force to knock niedy Statesand! Goalie he nl horses. The tariff and reciprocity him down. He struck at her with | placed in command of the “Flying | horse, as a means of carrying Mr. olyb he had, the club broke near his Sqnadron;” although he was the| Taft into another term as President, hand and his right hand passed into opathneeas of the eommoderes andittal is to be abandoned, and its place will the animal's mouth with the result/iowest in the list. It was May 131 be substituted the anti-trust horse. | that it was chewed almost to a pulp. Rita Key aailadstrometarinion: feoeds The President's friends. and the 'ty several places the animal’s teeth) southward with orders to find and | President himself, are about ready to ; Ae admit that the people will not endorse | ave ieee ai Ces EO va Het paliistiiileetiot ad uiral) his tariff program, so he plans now} Cevera. : to begin shouting at the trusts in an} Sheep for Sale. The cexening of May 28 Schley| effort to divert attention from his, 30 high grade Shropshire ewes and sailed into Santiago harbor, and Ge efforts as a tariff reformer. '2 thoroughbred Oxford bucks, extra |SPanish fleet was discovered lying That this change is to be made in/ good. W. M. Hardinger, several miles further in. The next} policy is indicated by Attorney Gen" | 42 tf R. F. D. 6, Butler, Mo. ed Se an et ae , fensible burdens of taxation that his former acts put upon him.”’ Changing Horses. BARGAINS! We have a lot of 2d hand vehicles and harness of all kinds and wishing to make a clearance of same, we herewith mention a few of them, and should you to investigate. 3 Farm Wagons. 1 open, light Surrey. 1 rubber tire Runabout. 1 Sayers & Scovill rubber tire Buggy. Also a lot of 2d hand Wagons from $2 to $10. 6 sets Single Harness. 1 set breeching Team We also carry iron wheel Trucks, Wagon Boxes, Spring Seats, Scoop Boards, Wagon Bows and Sheets, Tents, Paulins etc. Buggy Tops, Cushions, Side Curtains, Storm Aprons, Dashes, Poles, Shafts, Neck Yokes, Double Trees and Single Trees. When in need of anything in the harness or vehicle line come and see us, we have what you want and our prices are always reasonable. Spanish fleet attempted to escape. The arrival of Admiral Sampson with his ships June 1 shifted the command, Sampson taking charge. | Admiral Sampson was away from} his fleet the morning of July 3 in conference with General Shafer, and the honor for the destruction of the Spanish fleet apparently belonged to Schley. He was aboard the Brooklyn which took an active part in the conflict. Buta peculiar loop movement that he ordered to catch the fleeing Christobal Colon caused the Texas to deviate from its course to escape being rammed. That movement blanketed the fire of many of the! other American vessels, and was investigated at a court of inquiry. But the destruction Of the Spanish fleet had been accomplished and the meral public held Commodore Rchley as a national hero. He was retired October 9, 1901, as a- rear admiral, and since that time has lived uietly in and about New York. dmiral Schley was married to Anne —* Franklin at Annapolis in Sale of Household Furniture. _ Will. sell at public ‘auction at the residence of the late Mrs. Maggie A. - Gailey at Amoret, Missouri, on Satur- day, October 7, 1911, at 2:00 p. mM a complete outfit of househould .and be needing anything in this line, it will pay you 2 horn Saddles. 1 Spring Wagon, extra good. 1 canopy top Surrey. 1 rubber tire Stanhope. 2 good steel tire Buggies. 2 sets double buggy Harness. 1 set 1% slip tug Harness. 1 extra good flat Saddle. Buggies and Spring Harness. Missouri Pacific Time Table ‘NORTH. No, 206 Kansas City Accommodation. No, 206 8t. Louis & K. C. Mail & Ex. No 210 Southwest Limited. . 10: Kansae City Stock. ; Local Freight...... No. 209 Southwest Limited. No. 207 K. C. & Joplin Mail & E: No. 205 Nevada Accommodation... No. 291 (Local Freight)..... All freight for forwarding muet be at depot + notlater than eleven o’ctuck a. m. or be held + for following dav’s forwarding. Fretght for Interstate Division must be delivered before PACIFIC . VANDERVOORT, Freight tr ing Now, 693 and 694 carry passen- gera on Interstate Division, No other freight A I THIS WEEK 3 tb cans hominy, 3 cans................. 25c 3 tb cans baked beans, 3 cans............ 25c New Can Peas, Early Jems.......... 10c can Can? COP SiCANBE ice cones ies ve ccse cans 15c Fine northern cabbage only........... 3c tb Lemons, very best quality, only..20c dozen Bananas, best quality.............. 20c dozen Fancy Japan rice...... er rrr i. 5c tb Large head rice.......... des ecilaso eeceiatere 3 ths 25c Loose-Wiles Little Krimpy crackers, IDYZtH OV DOK Goo .ciios Ges cies cares Loose-Wiles crackers, by the box Butter or Lima beans............... 3 tbs 25c Pure lard, very best quality......... 2 tbs 25c Dry salt meat................. ..2 tbs 25c Jello, any flavor... ..3 for 25c Ice. cream Jello.................000005 3 for 25c Brass wash boards, best quality; four stay back, only................... Bread, our own baking, 8 loaves. ; Three loaves POtatoes ss. iccdcncnccseis 30c pk., $1.10 bu. Rope Any Size 15c each ..15c each 5 quart granite stew kettles 5 quart sauce pans............ Yours, White Front West Side Square es! MISSOURI’ FR y Flour | Norfleet é Ream Phone 144 TheOnly Independent Grocery and Hardware Store. BUTLER, MO. Don’t Critise the Butter You may be old yourself some day—all things get old; but we buy our lines of , Rubber Goods in small quantities so we can move them before they get.old. See our line of FOUNTAIN SYRINGES, BULB SYRINGES, HOT WATER BAGS United Drug Company Sept. 15 to Oct. 15 Seattle and Northwest «|