The evening world. Newspaper, September 24, 1908, Page 10

ROOSEVELT AND THE STEEL TRUST ——e—- ReadyforAttack on President's _ “Permit” to Corporation to p, Absorb Its Rival. dik STORY OF THE BIG DEAL. Morgan Was Able toTake Over + the Tennessee Coal & Iron Company. hag AMr. Bryan and the nal Cc Bitack President Roosevelt for his Wanction of the absorption of the Pennessee Coal & Iron Cor United states Stee Phe Democratic can harged that the Steel 1 ifs debt of gr The Repub Mis prese the Big Stick Mr. Bryan will @base was in vio anti-trust Monopoly in restra! the solicitation of Mr. Roosevelt ‘munity That part of the She @e governing the tran: follows “Every contract Democratic Na+ any by the law, from pre r comm tates, or wit ®mong the several Mign nations, is hereby declared to be Mega.” Here are case: the existing facts in Steel Trust's Rival rust was the Tennessee Coat Company, a corporation with $30 eapital stock, with its plants in the Bouthern ore regions, chlefly around frminghamn, Ala, It possessed sixteen blast furnaces, 450,00 acres of coal, ore, limestone and timber lands, 105 miles of railway, and had a capacity of $0,000 tons of iron and steel per year. It Was a mon making concern nd Wespite stock gambling in its shares the wecurities were usually quoted well above par D ends of 4 per cent tock were paid. on common a fine plant for making steel rails by the open hearth which many railroad managers considered superior {In quality to those process, of the Bessemer ‘process that the Steel Trust uses. E. M, Harriman, of the Union Pactfi began to order rails from the Tenne company Three-fourths of the $80,000,000 of tal stock were held by a pool of men, most of whom are active in Wall street speculation. Among them were John W. G Oakleigh Thorne, for- nt_of the Trust Company Grant B. Seb a sto kK, a real estate op- A. Kessler, a wine agent Anthony Brady, a capl- ley, or, Bi Morgan Forced Terms. hese men were pledged not to sell their stock, but they could put it up as c@Materal for joans. In fact a very large amount of it was held by banks and trust companies, partic Trust Company of America. It is com- on custom in Wall street pools to bor- row money to make purchases and then pat up the acquired stock H 8 collateral, On the first day of last November, when | the financial crisis was reaching tts height, between fifteen and twenty nilll- funs of this Tennessee Coal and Iron Company pooled stock was held by banks and tr es as gecurity for loans. These loans were called or The debtors bottom had arket and the puld not be sold at more margin demanded were una’ dropped out of the s to pay began on the Trust Co: ga, around which the pc ireled, and President Oakleigh T appealed to WP. Morgan for } save his insti- tation. On Saturday night, Nov ) Mor- Ben summoned the distressed bank pd pool members to his art g: Te laid before President Thorne the con- @itfons on which he would save the Ast company, namely the transfer of tiie independent Coal and Tron rival, the Steel Tr Ast. Thorne Cried, “Hold Up!” Mhe Steel Trust ix Mr. More @reation. He had in the art gallery Wh him his junior partner, Geo an's pet ge Wy Perkins, who pany’s finan fee executive Sp largest sto you would get fo locate you, Send this information broadcast th a “Lost & Found” advertise The World if you want your a founcement to be given a greate @aily circulation in New York City than is obtainable through ANY TWO OTHER morning dewspapers COMBINED, BRYAN TO ASSAL 2 funds turned loose by Secretary Cortel- * sleepless one in the } How Roosevelt Raised the Dough When He Ran for the Presidency Now that the national campaign has brought out letters touchin and appertainin’ to campalgn contributions, the le E. H, Harriman telling how President Roos Washington for the purpose of organizing a ¢ reprinted. tribution. Mr. Sydney Webster, 245 East Seventeenth street, New York City: Dear Sir— * * ¢ About a week vefore ti. election tn 190:, when looked certain that the State ticket would go Democratic, and was doubtful as to Roosevelt himself, he, the President, sent me a request to go to Wash- ington to confer upon the political condittons In New York State. I complied, and he told me he understood the campaign could not be successfully carried on without sufficient money, and asked if 1 would help them in raising the necessary funds, as the National Com- mittee, under control of Chairman Cortelyou, had uterly failed of obtaining them, and there was a large amount due from them to the New York State Comm T explained to him that I understoou the difficulty uere was mainly r unwilling to support Depew for that if he (Depew. could be taken ther way I thought matters could be adjusted and the him to elt called paign f Harriman never explained the source of the ee, re-election as Un tor ‘e of in some conten in, Wey, alke 1 be done for Depew, and finally he agreed that if found necessary he would appoint him as Ambassador to Par lief that he, the President ack to New Y I called SSA would keep this agreement, I Bliss, who tol sent for Treasurer yne I was that the, oth esource, In d him State, that $200,000 t he would help I would subscribe sence up an intimate (ial or De » in order to ca t once, and er a few words over the telephone me know that gentleman said he which he did probably in three or four hour: with at includin, my subseriptior been to Treasurer Bl man Cortelyou. If there Were any among conmipanies, or any other Ike orga have informed the President. I do not know wh other than the friend of Depew, who was an individual Tt mount enabled the New York State Committee to c its work, with the result that at least 50,000 votes were turned in t city of New York alone, making a difference of 100,000 votes in the genera! result, There are ween 2,200 and 2,300 districts In Gree r New York, of $50 in each and in a campaign such as district for da npaign purposes, not ‘would take more than $100,000, Some time in December, 1904, on my way from Virginia to New York, I stopped and had a short talk with the President. He then told me that he did not think it necessary to appoint Depew as Ambassador to Paris, as agreed—in fact, favored him for the Senate. I had not ex- pected that he was the one (sic) as to what would be necessary, but he arrogated that to himself, and I, of course, could gay nothing fur- ther, After that I used what influence I could to have Depew returned to the Senate, as I considered there had been an impli oI, which should be lived up to. * ¢* * ae Where do | stand? Yours sincerely, including the w rs on election E. H. HARRIMAN, sition to perpetuat ends | et 6 himse up"; an act of “highway robbery.” For twenty-four hours they refused terms, and spent all of n Na ac endeavor to raise nother flelds. | udge Gary and Georne But they were unsuccessful. Men and | WV two chief officers of banks with money were holding on to Vere conspicuous St tightly. The millions of Government | —_—>_ you had been corralled by Mr. one VORYS THE MAN TO and his associated banks, George W. Perkins had run back and forth bs tween Morgan's office and the Treas twenty times a day all during the criti. | CHIC, cal week the man The night of Sunday Nov. 8 was a| Teft's organ art gallery, | dorsemer ‘The steel trust men were there. The| & Tennessee Coal and Iron pool leaders) bY P were there, except ““Bet-a-Mlllion'’ |Gates, who was speeding across Jocean trying to get here in time to pre- | ter to vent the surrender, ‘Thorne's trust | (na" 0% 7" Re company could not open its doors in the| fused to morning without cash. The men struggled for hours. Morgan's offer was to buy t holdings of Tennessee stock at |five cents on the dollar. The 1 alla pefputay ee vious sale had been at $1.35. He would | Hist SEsDiaa nites three! try | pay for them in steel trust bonds, which | ; were selling at §. Tennessee st said, was not negotiable in the bank would accept Steel bon arity, and the hard squeez was Judge the lette HER COMB WILKES-BARRE, Pa David R of this > Mr. A LIFE SHIELD yester 1a third er cheek a ers by such an exchange would | her hair ber 4 of having thelr loans called, | In addition, M Morgan would put} any in the trust] ompany Victims Finally Give Up. | as question In the minds | What the “trust | might do to this | be new a » the largest Henry ¢ in dividual contributor to Mr. Roose velts campaign fund in 1904 H 7 tive Co hyve wu 279 BROADWay, near Chamber. UNION SQUARR, eof c tions and Dusiness combinatiom® and to grant or withhold franchises, would eas long aa he "| WHOM TAFT WROTE. | and then st sth St, a, Bway, i) R GINGER” IN REPLY Declares Latter’s Friend, Has- seanda’ kell, “Unworthy of Any Po- WASHINGTON, Sept THE EVENING WORLD, THURSDAY, SEPTEMBER 24, 1908, Jor cortain great corporation In- |teventa, and therefore hostile ( the polleies for whteh the Admin- {atration has stood. There was no ‘ainst Senator wever as there 1 when, us vou th your approval made our campaign committee. 8 Unfitness Shown. Let me add that Gov, Haskell's utter unfitness for any pubtic position of trust P | or for associatlon with any man enx- fous to make an apperi vn a win ts- Sue to the Ainericun people has been | cbandantly shown whoily ircespective _ eo OOSEVELT “PUTS jw | ¢C ints action of his ine ‘ineetion with | the Stancard Oi: tiMorests, Ad an Aimer: | ean citizen who prizes his Americanistn | {and his citizenship far above any ques- ion of partisanship I reward it as a and a disgrace that Gov, | Haskell shoald be connected with |the management of any national campaign, “You close your telegram by saying that baa expect and will demand fair and honorable treatment from those who are in charge of the Republican | \campaign, I am not in charge of the) %4.—President | Campaign, but am greatly interested in sition in Our Public Life.” | Roosevelt's reply to William Jennings | ‘I have shown you above, fairly and | a | Bryan's demand for kell's alleged connection with the Stand- honorably, that Gov. Haskell proof of Gov. Has-| sian who on every account 1 o numed {» unworthy of any ponition i n our public Ife. No further In- | dard Ol) Com ‘ssued last | vestigation of these facts {s required night after th resident had conferred They are spread on the record before With members of the Cabinet, as well! ¥ou and they were avallable before Mr. as yo Haskell was chosen for his position as Wik treasurer. Hluskell, sealer of weights ‘You say that you have advocated | more radical measures against private monopolies than either Tor my. party associates have to under take, You ha advocated sures that sound more radical, but i have the prime defect that in practice they would not work. [should not In this letter to you discuss your attitude on this question if you did ~ not yourself bring tt up; t the have’ brought {t up, Toa . that fn judgment the you udvocate would be w Cliective In curing a single evil, nnd so far as they had any eftect at all wonld merely throw the en- tire basiness of the country tnto etter to Mr. and was il instead of Vs, mM ng with Ah ont ests While he was in Hopeless and utter confusion. Otho Was 4 a ofe¢ Very t y n Oklaho: THEOL fuse Bas ai Hon. Wiliam Jennings Bryan, Lincoln, B jas and whi be Standard 0 Pralrle O!l and Gas © claim {s disposed of by the testimony ot |as regards Senator Foraker, Shielded . Standard Concern, y this court record It appears that A ral of the State, 1 an in- Oil and Vor le he a pipe line, ud this out SHER HE | CAMDEN, N. J., Sept Sh the Republ! injune- “ ate, Was e greater AE! VTE —_—_———- court of which ts- the t of the y all parts of Haskell's New lidate was tr not f } the by a committee from this city at the MeMlycthe pantie Vania Rallhoad aIMeAhN ne BHTIKe Se Ivanta Ratlroad station in Phil delphia. He was accompanied by former Govs. Murphy and On his arrival here Mz dressed the delegates to the Firs e@ressiona) District ‘ alt that af ompan the Standard Of Company {tset atter part of 1907 in the pending before the United tat St. Louis against the il Company Contrast Yourself With Taft. { your action in this ell with Mr. Tatt's aottes 48 set forth 1907. which [ Tt wan « candidate was enth and made & brief speech Following the Camden meeting, Mr Sherman, accompanied by a large party. left for Mt. Holly, where he made an other speech f of July & as ‘Politicians’ 1 ; Wi Senator Foraker, ubout Day" at the fair and hundreds of party | been a matter of common notort: | Men from anus the State were in ety about Gov. Haskell, that he | attendance, Mr. Sherman goes direct Was the defender and supporter! to New York from Mt. Holly | The New Dudley Waterproof Combin- | ation Suit With Two Pairs of Knickers The Best $6.00 Value Suit in America ute Low Walking Shoes For Early Fall Pumps, Sailor Ties, Corinthians (Welted Soles) Pumps and Sailor Ties, $3.00 and $5.00 Corinthians, $3.50 and $5.00 Materials: Gun Meta!, Patent Calf and Tan Russia, Black Castor Corinthians and Newports, $5.00 Alexander SIXTH AVENUE AND NINETEENTH STREET $3.09 nds of mothers from Newfoundland to Southern California and from Key West to Puget Sound will testify to the goodness of Dudley Fifty thousand Dudley Suits have been sold in the last three Every Dudley service or a new years, h the positive guarantee of $6.00 suit FREE, and never one suit has been returned. Suit has been sold Every year Brill stores sell several thousand through mail orders from all over America ly through the good words given y mothers whose boys have Dudley Here's business | ne merits of Judley worn them. Suits This season Dudley are even better than ever ind grays—ex- sold for $3.00, The models are new, 126TH STREET cor, 84 Avenne: Va g@ HARLEM 8TORB OPEN EVENINGS, u CONVENIENT proues | $y, Oe Tuecee Be sacs near Greenwich $t.” Greenhu Note ARROW SALE Prices in Booklet Free Transportation To Patrons of this Store The 18th Street Free Bus Service is bei availed of by residents of Brooklyn, the Bronx an: upper East and West sides portation to and from the Subway, the 4th end Madison Ave Cars, the dd Ave, El R R. and Sure face Cars and the Surface Cars on Broadway. It affords free trans. Item Reduced a *s Quarter to a Half Below Regular Prices TO-MORROW—We Will Hold Our First Anniversary ARROW SALE It will eclipse all others that have preceded it in the strength of the bar- gains. From every standpoint, character of merchandise, money-saving, eté., it will rank as the most important Arrow Sale we have ever held. Every depart- ment has contributed one or more items The green cards throughout the store will direct you to the ARROW SALE BARGAINS. Complete information of the sale is contained in the Arrow Booklet. This booklet will he handed to you as you enter the store, Be sure you get a copy of it, as it contains every item embraced in the sale. A number of the Arrow Sale Bargains follow—for complete list see booklet. Main Floor 65c Colored Taffe.a Silk at 42c Yard Including ory, cream, pink, tan, grey, Copenhagen, resdea, cardina, wine, browns and navy blues all fresh and new; 19-in 85c Colored Messaline ut 62c Yard A beautitui, lustrous quality, m 18 cesirable shades, both light end dark the favor te silk for the new Die rectoure creations $1.35 Biack Taffeta at 95c Yard B6-1n., Heavy, sersiceab.e quality taffeta sik; excellent blaca $1.35 Fancy Cheviot at $1.00 Yard Seasonable weight cheviot, in subdued, striped effects; for suits, cic; 43-in. $1.25 Voies at Zac Yard Sheer, prety French material in shadow stripes and Checks, toy a. b ue only $1.00 Black Voile at 75c 1ara iso Herrinpbones are im the lot; thus showing two desirable tabics for cressy and sireet us’, pertect colors, 42-in Women’s 91.25 Gloves at 95¢ Glace kid; in biack, White and colors, 2-cla p $3.50 Untrimmed Hats at $2.65 Several grace ul styl sh shapes, in Ben, aiine or satin, copies of French sha) es $5.00 Ready-t.-Wear Hats at $3.50 A tumber of smart, tasteluily-trunmed hots tor early fall wear $3.50 Plumes at $2.65 Black ostra h plumes; lo-in, wth heavy Hues. $2.00 Duecioire Veils at $1.00 The very newest: Tuxedo mesh, plain and doited effects; with Chaitfon r.che; all colors $2.45 10 $5.00 Novelty Laces at $1.75 to $4.00 Yara Bandings, edges, etc. 1 al the fall color comb nations, including goid and silver 45c Ribbons at 32c Yard Mowe and Satin [atfeta ribbons for sashes and millinery purposes, 6 4-in yall the prettiest light shades. 35¢ Failletine Ribbon at 22c Yard A tine, iustrous ribbon, in wane only} 543-in Women’s 6 for $1.50 Handkerchiefs a: 6 for 85 Fine Irish nen, in three cne-ked designs $12.00 Imported S.oles at $7.50 Of Marabout or Osirich feathers; black, brown and natural colors. Women’s $4.85 Robes at $3.50 White and colored robes; lace trimmed. $3.50 Unmade Robes at $395 White lawn; en. broidery trimming $2.50 Sheath Bags at $1.65 The ‘ty.tsn, Parisian shayes; of goat seal; mounted on riveted traines; double strap handle, fitted with change purse; in blck, brown and tan. $4.75 Carriage Bags at $2.45 Of real goat seal, wawus, polar seal and Morocco; black cnly, 7 10 10 in.; overlapping frames; single ‘and double hand.es Women’s $3.50 Union Suits at > Something especially chore. in Imported Swi s, stik and wool mixed and fixe all-woo. qualities $3.00 Metal Butions at $2.00 tivz. Fancy, colored stone-set bu'tons: large size. 50c Sewing Sik at 35c Spo Pure dye silk lor machine and hand use; large spool 50 Comfortables at $3.95 sott comfortables silk border coverings, esigns, Woolefille in pretty $4.50 Wool Biankets al $3.50 Three-quarter bed size; with pink and blue borders $4.50 Table Cloths at $3.00 Satin damask; in a satin finish, several patterns; 2x3 yards $7.00 and $8.00 Tea and Coffee Pots at $4.50 Quadruple plated, bright finished silver; fancy borders. Second Floor Women’s $35.00 and +40.00 Tailored Suits at $17.50 Stk Rajah and wool suits in a number of pretty styles, shades and weaves; all charming and desirable. 50 and $30.00 Suits at $13.75 A group of stylish, Well-turlored suits, made of rajah and wool material; all the wanted shades and weaves sncluded Womens $27 27.50 Black Lynx Sets at $20.00 re Satin-lined throw scart, 50-inj and large pillow mul 34.00 Waists at $2.75 Taffeta silk waists, in pink and white; prettily made, Women's $4.00 Footwear at $3.00 All the correct styles tor the tal! and winter season; tan Russia call bution. beots; perforated vamps; narrow toes and Cuban heels $12.00 Long Negligees at $5.00 House gowns, too, of stripe silks, albatross and French fennel and challe, irimmed taste! sully $50 Silk Petticoats at $3.75 Dott, lustrous silk in the newest shades, with deep, full flounce, $4.00 Corsets at $2.50 The mcdels aesived tor the new figure and costumes: fine coutil, trimmed with lace and ribbon; tip and front supporters attached Boys’ $6.:0 Suits at $3.95 Manly double-breasted and Norfolk’ models of plain and fancy chev.ots, broken lots Boys’ $5.75 Suils at $3.75 Sailor and Russion suits of tancy mixed cheviots} broken sizes. Children’s $4.95 0 $5.50 Dresses at $3.00 Casumere ard serge dresse.; trimmed prettily, 2, 3, 4 and 5 years Children’s $6.50 and $7.00 Frocks at $4.75 Dainty lutte models of plaid seige and white cashmere; 2,3, 4 and 5 years Misses’ $5.75 Silk Petticoats at $3.95 Ot fine taffeta silk, with full sectional flounce; silk une cerlay; in all the wanted shades and black Third Floor $32.50 Wilton Rugs at $24.50 Oriental designs and colorings; ail wool quality. $55.00 and $65 00 pqeank Rugs at AG) These are of the joremost Persian weave desi, ns and color effects S$} exquisite $30.00 Poriieres at $19.75 Heavy silk tapestry portieres; double faced; finished with silk cord $35 00 Imported Porticres at $25.00 French Velour ; double face and double colors, $7.50 Silk Brocatelle at $5.50 Yard For rich curtains, hangings, coverings, etc; excl 4 us) patterns; double width we $25.00 Saxony Brussel Curtains at $19.50 In a variety of dainty etfects $32.00 Lace Cur.ains at $23.50 Arabian lace curtains; trimm d with heavy insertions an. edges; mounted on cable nets $62.50 Hail Settle at $45.00 Fine maicgany ; reproduction of old Virginian ttyle; carved frames; upholstered $130.00 Gold Parlor Cabinets at $85.00 An exceptional styie; with heavy glass shelves and murror back. $95.00 Brass Beds at $62.50 Exceptionally handsome style; with 2-inch posts) heavy cast brass trimmings and filling rods. $45.00 Electric Lai x Fitted with fine giass domes rs ak tee00. ex. cellent reading lamp. $4.50 Cut Glass Water Pitchers at $3.00 144 quart size; finely cut and polished. £6.00 Cut Glass Orange Bowls at $4.00 size; in excellent patterns 6th Ave,, 18th to 19h St Greenhut & Company, 6h Ave, 18th to 19 (Stove formerly occupied by B, Altman & Co.) ~sz t h As og