The Chandler Tribune (Chandler, Okla.), Vol. 11, No. 18, Ed. 1 Friday, July 7, 1911 Page: 2 of 8
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REPORT OF CORPORATION COM-
MISSION RECEIVED.
PROBE OF STEEL TRUST
Elimination of Competition Was Prim©
Object of Taking Over Small Con-
cerns—Initial Stock Was
Well Watered.
Washington.—The long-expected and
much-discussed report of the bureau
of corporations on the United States
Steel corporation recently submitted
to President Taft was made public Fri-
day night.
Signed by Herbert Knox Smith,
commissioner of corporations, the re-
port makes no recommendations and
is almost wholly narrative in form.
Mr. Smith declares that restriction of
competition was a prime object of tho
oiganizere of tho steel corporation or
so-called ‘•trust."
Capitalized at $1,402,000,000, the cor-
poration, he asserts, had tangible prop-
erty worth only $682,000,000. By a
constant reinvestment of earnings,
however, the report points out, much
of the "water" in the company lias
been eliminated.
The steel corporation now owns 75 1
per cent of the lake ores, having re-
cently concentrated ith efforts to so-
curing these properties.
On this point the report says:
Plenty of Water
"Indeed, insofar us the steel corpor-
ation's position in the entire iron and
steel industries is of monopolistic
character, if is chiefly through its con-
trol of ore holdings and the transporta-
tion of ore."
Discussing in detail how “the Im-
pending struggle oi the giants" was
averted almost over night by the form-
ation of the great combination of com-
(dilutions, inking in 250 subsidinn
companies controlling 60 per cent ot
the total crude and finished steel pro-
duction of the country, the report
lays:
“Until 1898 the hulk of the business
was distributed among a very consid-
erable number of concerns. There was
a sharp competition modi fled by fre-
quent pools of greuter or less duration
and effectiveness."
Then came an era of great combin-
ations, the report continues, kith cap-
italization ranging from $1)0,000,000 to
$100,000,000, mergers of many smaller
companies, which instead of eliminat-
ing competition, threatened to bring
price-cutting on a larger scale than
ever before. In 1899-1900 there were
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Major General Frederick D. Grant will relieve General Carter as com-
Tinni'er of the maneuver division ut San Antonio, Texas.
KENEFICK AND HASKELL
BACK OF BIG
ROAD
Would Extend Missouri, Oklahoma &
Gulf to Big Towns and Eventu-
ally to Northwest
Muskogee, Okla.—Conferences be-
tween W. .1. Keneftck and C. N. Has- j a resolution adopted by the last sea
kell, railroad builders, and delegations sion of the Colorado legislature, Gov-
of busines men from Oklahoma City, | ernor Shafroth has issued a call for
Shawnee and Okmulgee, will in all \ a public lands convention to convene
probability result in the eventual build i In Deliver, September 28 2<1 and 30
lug of railroad lines that will place -for the purpose of ...mussing all ques
Muukogee, Oklahoma City, Shawnee, j tions, and taking such action as their
Okmulgee, Henryetta, Tulsa, Sapulpa, i wisdom may direct, relativo to the
hold and Kingfisher upon a strictly Ok- proper administration of the public
lahoma system, the Missouri, Oklaho- domain, tho naiur... resources per-
NauSS? I^S Tate^Zi
srsr
care to ralsothe money demanded by ing of tlie natural resources of the
Haskell and Kenefick.
'I he Oklahoma City, Shawnee and
Okmulgee delegations were in confer-
ence for hours, the road builders tak-
ing the delegations in one at a time
andgoing over the situation w ith them.
The proposition includes a ilne to
crude and semi-finished products, and
six concerns—the American SteeL &
Wire, American Tinplate, American
Bteel Hoop, American Sheet Bridge—
controlling tho lighter finished pro-
ducts.
Struggle of Giants
This was a period when the "strug-
gle of the giants" was Impending and ORlithomu City, at present, but in the
when the formation of the United
States Steel corporation wsb con-
ceived and brought about. A I nine
of the companies named were com-
bined, and later the Union Steel com-
pany, the Clairon Steel company and
in 1907 the Tennessee Coal, Iron it
Railroad company was taken over. The
promoting syndicate putting the deal
through netted $62,500,000 in cash.
During the ten year9 of its opera-
tion, the report says, the trust has
paid average annual profits of 17 per
cent on the money invested.
Six Men Killed By Cave In
Buffalo, N. Y.—At least six men were
tilled and twenty-five injured when the
«oof of the new water works pump-
ing ■ tation at the foot of Porter ave-
nue collapsed at 9:30 o'clock this
morning. Two men were fatally in-
lured and at the emergency hospital
where they were taken, it is said they
cannot survive.
future It means an extension to the
nortwhest of the slate.
After the conference it was admit-
ted by both the delegations and Mr.
Haskell and Mr. Kenefick (hat there is
beign planned a sort of state system
which would mean not only an exten-
sion to Slmwnee and Oklahoma City,
but another line to Tulsa and Sapulpa,
and one northwest from Oklahoma
City. Mr. Kenefick is prepared to build
200 miles of road immediately, and he
stated that he was ready to send out
the surveying parties as soon as the
contracts with the towns are signed.
Over 3,000 on Boat
New York.—The largest number of
persons ever carried aboard a trans-
Atlantic liner sailed from New York .
on tho Olympic, Hie mammoth White I of viBOr’
Star liner. There were 735 first class
West.”
“If our people are to pay a tax on
the product of our natural resources,
vix: Coal, oil, gas, phosphates, and
upon water powers, grazing, etc.,
equity demands that tax should pass
into the treasuries of the respective
states, where it is so greatly ueeded."
Oklahoma is embraced within the
call, and the governor may appoint
thirty delegates; majors of cities may
appoint one for each 1,000 of popula-
tion, but not to exceed fifty.
The topics to be discussed are many
and varied. In part there will be dis-
cussions as to what should be done
with tiro grazing lands, the exercise
of states respecting water powers,
coal, oil, gas and phosphate lands, the
possibilities of western water power,
practical economics practiced in the
lumber, coal and kindred industries.
Tlie action of the legislature and
governor is due to their desire to more
firmly impress upon the public, and
particularly upon states having such
New Ruling of Commissioner Is Calcu-j OVER STATE ARE HIT
lated to Prevent State Banks i COURT CLERKS ALl.
Becoming Nationals J __
Oklahoma City—Hereafter no state Attorn*y General West of Opinion Fee
bank will be permitted to merge, or
transfer into a national bank, until it
has first paid c<f every dollar to Its
depositors, or secured tlie written con-
sent from every one of them to make
the change, according to a ruling from
the office of Bank Commissioner J. D.
Lankford, who holds that this is the
law.
Bank Commissioner Lankford has
Issued a statement to this effect and
holds that it will be carried out to
the letter.
“It can readily be seen," says the
letter, “that simply transferring the
account from a state to a national
bank does not in any sense meet the
requirements of the state banking
law, and it is also clear that this stat-
ute contemplates an actual payment
of the depositors by a state bank as
condition precedent to its right to
surrender its authority to transact
business as a state bank."
In case banks affected do not com-
ply with this law the bank commis-
sioner states that they will be imme-
diately placed in the hands of a re-
ceiver, as the refusal on the part of
the bank to carry out the instructions
of the commissioner will be taken by
him as an attempt to evade the law.
Blank forms are being prepared by
the banking department to cover the
matter sought by the department, and
they will be sent to any bank making
application.
CRUCE CANNOT ACCEPT
OFFER OF COMPANY
and Salary Law
tive June
Became
17, 1910
Effec-
Oklahoma City.—That the fee and
salary bill went into effect in regard
to the clerks of the superior and dis-
trict courts, on June 17, 1910, was the
opinion expressed by Attorney General
Charles West, in a long conversation
with Assistant State Examiner Ger-
maine, who has just completed check-
ing up the books of Hathaway Harper,
former clerk of the district court of
Oklahoma county, and W. C. Hughes,
former clerk of the superior court of
Oklahoma county. This will necessi-
tate a complete re-examination of the
books of tlie two offices and the reports
consequenty will be delayed for some
time.
Leislature the Only Body That Could
Take Over Offer of Capitol De-
velopment Company
COLORADO’S GOVERNOR
CALLS LAND CONVENTION
Asks States to Appoint Delegates tc
Convention to Discuss Administra-
tion of Public Domain
Denver, Colo.—In compliance with
Oklahoma City—In a letter ad
dressed to the State Capitol Building
company Monday, Governor Lee Cruce
declines to accept the proposition ol
the company that It turn over to the
state the entire assets of the company,
including 600 acres of land near the
capitol site, from the sale of which the
company expected to realize a million
dollars. The proposition from the
company was submitted to the chief
executive last Saturday night, but its
contents were not given out until Mon-
day.
In the letter from the company to
the governor, it was stated that tho
company is unable to carry out its part
of the contract with the state, for the
following reasons: That because cit-
izens of Guthrie had filed a motion for
a rshearing of the capital case before
the United States supreme court, the
company has been unable to secure
donations and secure titles to all prop-
erty that the company agreed to se-
cure; also that it has been impossible
to survey, plat, etc., the lands, because
of the litigation pending
Warrants Are Good
Oklahoma City—Governor Cruce, in
speaking of the matter of certain war-
rants mentioned among those alleged
to have been manipulated by a former
employe of the auditor's office, stated
that if the warrants were regularly
made out and Issued, the state would
have to stand good for them, but that
the state would have recourse on the
auditor and his bondsmen. The in-
vestigation of books and records for
the purpose of finding out if there is
more than the $3,000 shortage already
discovered, is in progress, but noth-
ing new has developed.
May Irrigate Cabbage Patch
Oklahoma City—M. P. Morrow of
Woodward will be allowed to take
water from Oak, Sandy and Cherry
creeks to irrigate his four acres of
cabbage under the decision of Secre-
tary Ben Hennessey of the state board
of agriculture. Morrow’s application
covers eighty acres, but he is using
water for only the four acres at the
present time. A hearing was given
to his neighbors, who protested
against the granting of the application,
but their protests were overruled. The
matter may now be taken into the
courts.
13
DECREASE IN NUMBER OF NATAL
DAY FATALITIES
HALF AS MANY THIS YEAR
Injuries Number One-Sixth ""hose of
Last Year, Indicating a Heatlhy
Growth of a Sane Fourth
Sentiment
Cruce Approves Sugg’s Plan
Oklahoma City—The highway de
partment, the new bureau created bj
aiA of the last legislature, is gradual-
ly getting in shape to commence direct
ing and encouraging the building ol
good roads throughout the state. Sid-
ney Suggs, commissioner of the new
department, conferred with Govemoi
Cruce recently, relative to his new
duties and outlined plans that met
with the nearty approval of the chief
executive. There is evidence of a
_______ hearty desire to co-operate with the
that the i bureau on tlle Part of the automobilists
Oklahoma City—Thirteen deaths
from the old fashioned celebration of
the Fourth of July was tjie total re-
ported in the United States, according
to figures compiled by the Chicago
Tribune Tuesday night.
The nation-wide spread of the sane
Fourth movement brought fruit in the
smallest number of celebration casual
ties ever reported. In nearly every city
where the use of explosives was pro-
hibited, none were injured.
In others where the discharge of ex-
plosives were permitted under regu-
lation there was a decided falling off In
the number of dead and injured as
compared with previous years.
The death list of 13 compares with 28
reported the first night of last year’s
celebration, when the sane Fourth
movement was established in fewer
cities. The number of injured reported
Is 294, as against 1,785 reported up to
the same hour last year. In 1909 ther®
were 44 killed and 2,361 wounded.
MAN STRICKEN DUMB
WHILE FLYING HIGH
Peculiar Mishap Suffered by Fort
Worth Man While Up in Airship
—Aviator Had Close Call
passengers, 495 second class, 1,100
third class, and with tlie crew num-
bered more than 3,000 people.
Sucked Under the Grain
Pontiac. Hi.—Orville Mendenhall, a
young man employed In a grain eleva-
Airship Beats Train.
Berlin—Htrth, the German aviator,
who with a passenger in his aeroplane,
started from Munich at 7 o'clock in the ,or at Ofea,a was found deal in n
svening arrived at Berlin at 9:08 the Bra 11 bin- It is supposed that he was
following morning, the actual time be- ‘ rawn into the bin by the suction of
ing five bourB and forty-one minutes 10 (train while-working near the edge,
[or 345 miles. A stop-over was made “e burlei beneath thousands of
at Leipstz. The air man wins a prize I buBhele of *ralu’
9f $12,600. Express trains have made -
the trip between Munich and Berlin J
in ten hours.
Twenty Horses Cremated
Junction City Kan.—The stables of
Troop A 13th cavalry, at Fort Riley,
were damaged by fire. Twenty of the
troop horses and four valuable ones
were burned.
Played With Loaded Shell
Thomas, Okla.—The 11-year-old Bon
it Mr. and Mrs. A. Brower was play-
ng with a rifle shell and drove a nail
through it. The shell exploded and
•hot off the end of 'he boy’s finger.
8ham Battle Fatal
Roff, Okla.—While boyB were play-
ing a sham battle at the home of J.
N. Day, south of this city, Asa Day,
tged 8 years, was shot and instantly
tilled by the discharge of a shotgun.
Jf course the hoys did not know the
fun vaa ’oadel.
Boats In Collision
Portsmouth, England—Torpedo boat
86 collided with a cutter off Splthead
and was swamped.
ously protesting against the proposi-
tion that may bo made a law by
tho next congress of a new and revo-
lutionary national policy pertaining to
the public lands, and thier attendant
natural resources. In one part of his
call, Governor Shafroth says: "The
real issue is, plainly and distinctly,
whether the public domain—other
than the little remaining farming
lands shall he held in perpetuity by
the national government free from
taxation by tho states, to be admin-
istered through leasehold for revenue
for the federal treasury, and under
bureaus at the national capital."
Ohio Bank Closed
Wellston, Ohio—T1 j bank of Wells
Earthquake In Cuba ton, with deposits of less than $100,-
Havana.—An earthquake occurred j 000, has been closed by the state bank
in Cuba, shaking up the eastern end. j ing department and Examiner Holler
Seven persons were seriously injured j man placed in charge. Assets
at Santiago.
drought that has existed in the state
since the execution of the contract has
made the sale of lots an absolute physi-
cal impossibility.
and others. Out of town advocates oi
good roads are visiting the head
quarters in considerable numbers and
requests for addresses by the com-
missioner are being received.
Ninety-Seven Pardons
Oklahoma City, Okla.—Governor
Jruce Monday issued ninety-seven par-
dons for convicts whose terms were
scheduled to expire in the first week
in August. Thees pardons were issued
according to the provisions of the law
that a convict may be entitled to thirty
days at the end of his sentence for
good behavior.
Hennessey Gives Hearing
Oklahoma City—Secretary Hennes-
sey of the state board of agriculture
gave a hearing to the protests of A. H.
Rambo and others against the appli-
cation of W. L. Owen of Harmon coun-
ty for sufficient water from Sandy
creek, intthat county, to irrigate 160
acres. The protestors claim hat the
Shortage Only $3,000 So Far
Oklahoma City—After several day’s
labor by five men of the state ex-
aminers' forces it has been announced
that no shortage in the state funds,
of A. & M. college had been discover-
ed. It is still not known how much
the shortage will amount to and It
was stated that there will be no means
of telling until the checking up is
completed. Evidence as to who is
responsible for the alleged shortage
is also said to be lacking.
Rapid Work on Wells
Oklahoma City—Word has been re
ceived by the state board of agricul-
ture from J. W. L. Corley, who is in
charge of the deep well work in the
Panhandle country, that the first well
at Hooker will be completed by July
4. At that rate the entire nine wells
should be completed withhin three
months.. Professor Ecks of the United
States geological survey, is now on the
ground to watch the progress of the
wells and examine the strata through
which they pass for the federal gov-
ernment. Prof. C. N. Gould, state geo!
ogist, and a party of workers will also
be there for a pari of the time, to-
gether with a geologist from the state
A. & M. college.
Fort Worth, Texas—Arthur Buckley,
a motor expert, was brought to Ft.
Worth hospital from Sweetwater, Tex-
as, where he was stricken dumb in a
biplane at an altitude of 2,000 leet..
Aviator William Foster was driving
the machine and Buckley was accom-
panying him. He was stricken and
suddenly falling back In his seat stif-
fened. He suffered great pain in his
lungs. The jar almost overturned tlie
biplane but Foster kept his presence
of mind, righted the machine and land-
ed safely after a long spiral glide.
Buckley has not been able to utter
a word ince the accident and is still
suffering. Physicians who have been
summoned to attend him cannot ex-
plain the straijge case.
Foster gives a thrilling account of
the affair and their narrow escape
from death in a tumble from the skies.
EUGENE F. WARE EXPIRES
SUDDENLY IN COLORADO
Noted Wit and Writer Prostrated on
Farm Near Ft. Scott, and Dies
at Summer Resort
Colorado Springs, Colo.—Eugene F.
Ware, United States pension commis-
sioner under Roosevelt, and one of the
most prominent lawyers of the west,
died suddenly from heart disease at
Cascade, a summer resort near here.
He was 70 years old. Mr. Ware was
prostrated with the hegt a short time
ago at his farm near Ft. Scott, Kan.,
•’"d came here for the summer. Mr.
Ware was celebrated the country over
as a wit and a poet.
Mob Shoots Negro
Cleveland, Ohio—A negro was shot
to death In the Lorain car bams by n
mob of 600 men and boys, after he
had fatally shot John Decker, a white
man. The negro had been chided by
Decker for stealiug cherries.
Woman Honored
Hartford, Conn.—The first honorary
degree ever granted to a woman by
Trinity college was conferred upon
Carolina Maria Howlns of the hart-
ford public library at the eighty-fifth
anuua! commencement exercises.
given as $125,000.
Dies at Age of 108
Lansing, Mich.—Mrs. Martha Wil-
liams, who recently celebrated her one
hundred and eighth birthday anniver-
sary, died at the home of her daughter,
Mrs. Ellen Bannister.
Kills Girl With Axe
Ivexington, Ky.—Miss Crecy Thomas
who lives at Valley View, on the Ken
lucky river, was killed during a quar-
rel which grew out of a family feud.
Miss Thomas’ head was almost cleft
in two by an axe. Will Hume, a lum
berman, la charged with the crime.
To Study Lime stone
Norman, Okla.—Dr. Chester A.
Reeds, of Bryn Mawr college, and
formerly a student of Oklahoma uni-
versity, loft Norman recently for the
Arbuckle mountains where lie will
study the Hunton and Viola lime-
stones under the auspices of the Okla-
homa Geological Survey at Norman.
Dr. Reeds lias spent five yearB In (he
Arbuckles and is an authority on the
limestone formations of that region.
He will be accompanied by Prof. H.
1. Jones of Muskogee High school and
B. McWhirt of Roff, Oklahoma.
Swanson County No More
Oklahoma City—The action of the
district court of Comanche county In
ordering the dissolution of Swanson
county was affirmed by tlie supreme
court, thus putting an end to the trou-
bles that have beset that county ever
since its organization, and practically
putting an end lo the creation of new
counties in Oklahoma. The action of
the court will not affect the legality
of any of the nets so far performed
by the officials of that county, as It
w as i political organization.
Estates Held Up
Guthrie, Okla.—Over a million dol-
airs in Indian estates Is held up await-
ing distribution by the commissioner
of Indian affairs, because of the law
enacted by the Oklahoma legislature
in 1909 changing the manner of sue-
cesssion. John Embry, United States
district attorney, is at work on the
Oklahoma law in order to give an in-
terpretation of it to the Washington
departments.
Bryan County Crops
Durant, Okla.—While corn generally
In Bryan county will be a short crop,
It is thought that there will be enough
made for home consumption. Many
! farmers are planting June corn, mile
J maize and kafir corn. Cotton is yel
| doing fine, “putting on" forms and
J growing, but it cannot stand the
I drought much longer. The wheat and
I oats crop did well in a general way
the average of wheat over the county
being 18 to 20 bushels, and oats 35 to
40 bushels. Vegetable gardens liav6
suffered much. With early rains the
melon crop will be good.
Ohio Folk Make Inquiries
Oklahoma City.—By reason that Ohio
is soon to have a constitutional con-
vention for the purpose of revising
i its constitution, Secretary of State Ben
j F. Harrison Ya receiving numerous re
I quests from that state for copies ol
| the Oklahoma constitution and for In
, formation regarding the Oklahoma
! constitutional convention and Its
methods of procedure. Mr, Harrison,
who was himself a member of the Ok
lahoma convention, has so far been
I able to furnish most of the inqulrerr
I with the Information
Mother Shoots Daughter
Thomas, Okla.-—As she was loading
a 22-ealibre rifle to shoot a dog she
thought was acting strangely, Mrs.
John F. Gurley, not understanding the
gun very well, accidentally shot her
little 4-year-old daughter through tne
back. The child's clothing caught fire
from the powder and burned her neck
severely. It is believed the little one
will recover if complications do not
set in.
American Wins Air Race
London.—Charles T. Weyniann,
(America's only entrant for the interna-
tional aeroplane trophy, won the great
race Saturday In competition with the
crack flyers of the world. The Ameri-
can covered the full distance of ninety-
four miles in one hour, eleven minutes
and fifty-six seconds. This is at tlie
rate of seventy-eight miles an hour.
This is the second time America has
won the race. First it was won by
Glenn H. Curtis at Rheims in 1909. He
was tbe only representative of the
United States, while all other clubs
were represented by numerous flyers
Tbe American won tlie trophy with a
Nieuport machine.
$100,000,000 to be Spent
Washington.—The general board of
the navy has completed its proposed
building program for the navy for the
fiscal year of 1913, in which it recoin
mends the construction of four first
class battleships, sixteen or eighteen
destroyers, a repair ship, a hospital
ship an dseveral colliers, gunboats and
transports. The program contemplate
the expenditure of $100,000,000. The
report will be submitted to congress
at its regular session in December.
Thlrtenth Ordered Home
Washington.—-The Thirteenth infan-
j try has been ordered to leave San An-
j tonio for Leavenworth, Kans. This la
| the first regiment of the maneuver di-
vision to get its marching orders.
Mrs. Green Sells Real Estate
Chicago.—Mrs. Hetty Green of New
York has sold another parcel of her
large reatly holdings In Chicago for
$155,000. The tract consists of 28
acres at Halstead and Sixty-eighth
streets.
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Smith, G. A. The Chandler Tribune (Chandler, Okla.), Vol. 11, No. 18, Ed. 1 Friday, July 7, 1911, newspaper, July 7, 1911; (https://gateway.okhistory.org/ark:/67531/metadc915688/m1/2/: accessed March 19, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.