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PAGE FOUR
Summary of TLbents as They Happen
Taft Finn for Roosevelt Policies.
In a 15,000-word speech before the
Buckeye Republican Club at Colum
bus, Ohio, Secretary of War Taft
outlined the national policies he ad
vocates. The secretary’s speech was
a re-affirmation of all the policies of
President Roosevelt in the matters of
the railroads, the trusts, pursuing the
criminal rich and prosecution and
curbing swollen futures. He advo
cated a revision of the tariff, but not
until after the next presidential elec
tion, and then only as regards “ex
cessive schedules.” Free tariff, he
said, would Jead to disaster.
Throughout his long speech Sec
retary Taft many times referred to
utterances of William Jennings
Bryan, and took pains to show at
great length that the Bryan policies
had not been taken over by Rooae
velt and that there were dif
ferences in the forms of government
proposed by the two men.
A few of the terse sayings of Sec
retary Taft are as follows:
The rate law does not go far
enough.
Efficient regulation is the very an
tidote and preventative of Socialism
and government ownership.
They (the railroads) have been,
weighed in the balance and found
wanting.
The remedy for the evils must be
radical to be effective.
As the original prosecutions go on
—and many such prosecutions have
been begun—if the violations of the
Trust law are continued, undoubted
ly some shining marks will be hit.
The present business system of the
country rests on a protective tariff
and any attempt to change it to a
free trade basis will certainly lead
only to disaster.
If the prosecution of dishonesty
and illegal practices, like the giving
and taking of rebates and the de
struction of competition by monopoly,
is to injure the market for stocks
on the Stock Exchange, then this is
a burden that must be borne and
must be charged not to the head of
the nation, whose duty it is to en
force the law, but to the violators of
the law, whose pursuit of criminal
methods has been so successful as to
make their prosecution a * serious
threat against the stability of the
market.
Huge Meteor Drops Into Sea.
An immense meteor, apparently
about 75 feet in circumference, fell
into the sea about a mile off Ama
gansett, L. L, life-saving station. The
arrival of the heavenly visitor was
announced by a strange noise which
seemed to come from a point direct
ly overhead. When first heard there
was nothing visible but an instant
later a great stream of fire seemed
to belch from the clouds and plunge
into the sea in the wake of the me
teor. Great waves rolled in upon
the beach after the m°teor struck tho
water. Part of the bathing pavilion
was washed away, along with sev
eral fishermen’s huts. Much damage
was done to property abutting the
WATSON’S WEEKLY JEFFERSONIAN.
water front, and hundreds of dead
fish floated in upon the shore.
Whipping Post a Failure.
Disapproving of the Delaware
whipping post, declaring that it is a
failure and refusing to further lash
prisoners, Asmond S. Meserve, war
den of the Newcastle County Work
house near Wilmington, Del., and one
of the leading criminologists of the
country, has resigned. The warden
said:
“I have made a very careful and
unbiased study of the effect of the
whipping post on men of this class,
and have come to the conclusion that
it is all bad. It brings out in a man
all that is revengeful and hurtful,
and he arrays himself against law,
order and society.”
Morgan Back in Wall Street Office.
J. Pierpont Morgan was at his
office in Wall Street last Thursday
for the first time in several months.
He arrived early and stayed late.
His presence had an inspiring effect
on financial sentiment. All of the
Morgan stocks showed advances.
Southern Railway, United States
Steel and other Morgan specialties
rose materially. Reading is still
looked upon as Morgan stock, al
though his interest in it is reported
small at present. The pool took ad
vantage of his presence to make a
demonstration against the shorts.
There was good buying in Erie and
Southern Railway preferred, it was
said by Morgan brokers. This led
to the belief that the stories that div
idends on these stocks will be passed
are probably untrue.
No Dividend On Central Thirds.
At a meeting of the board of di
rectors of the Central of Georgia
Railway company, held at Macon,
Ga., a dividend of 5 per cent was de
clared upon the first preferred in
come bends of the company, a divi
dend us three and 729-1,000 per cent
upon the seconds and nothing upon
the thirds. The ’reason given for no
dividends upon the third was that
none were earned.
The annual report was not given
out, President Hanson stating that
the report would not be ready until
October meeting of the board.
While no announcement was made
of the fact, it was learned that it was
determined to fight the rate reduc
tions there out in the courts.
Those present at the meeting were
J. F. Hanson, W. S. Wilburn, A. R.
Lawton, S. R. Jacques, M. C. Bradley,
U. B. Harrold, Joseph Hull and Geo.
B. McCormick.
Negro Editor Surrenders to Keep
From Being Lynched.
J. D. Uzzell, negro editor, who is
held responsible for much of the re
cent race trouble on the eastern shore
of Virginia, was brought to Norfolk,
Va., under strong guard and locked
up in the Norfolk jail. Uzzell sur
rendered to Col. Nottingham, of the
Virginia Militia, at Onancock, and
asked to be sent to a safe place there
being great danger that he would be
lynched.
Cortelyou’s New Plan to Ease Money
Market.
Secretary of the Treasury Cortel
you announced a new plan of depos
iting government funds in New York,
Boston and other cities, to afford re
lief to the money market in the ap
proaching crop-moving period.
The plan was made known in this
official statement:
“Beginning with next week the
Treasury Department will make each
week for a period of not less than
five weeks deposits in national banks
at New York, Boston and other
points, the security required to be
approved state, municipal and rail
road bonds acceptable under the exist
ing requirements of the department,
with the understanding that if call
ed for such deposits shall be return
ed January 1 next in instalments to
be fixed by the secretary of the treas
ury.
“This action is taken to meet the
commercial and industrial needs of
the country at this season, and is be
lieved to be preferable to waiting
until a time of acute stringency, when
the only alternative would be a large
general deposit. The latter policy
the secretary desires to supersede by
one which shall have as its ultimate
object the adjustment of the opera
tions of the Treasury Department as
rapidly as may be practicable
existing law, in such manner as shall
preclude their being in any sense a
distributing factor in the business
world. ’ ’
Fleet Sails for Pacific Coast.
This official statement from the
president was issued at Oyster Bay
by Secretary Loeb:
“Oyster Bay, N. Y." Aug. 23,1907.
“The conference this afternoon be
tween the president, Acting Secretary
of the Navy Newberry, Rear-Admiral
Brownson, Chief of the Bureau of
Navigation, and Rear-Admiral Evans
was to decide some of the details in
connection with the fleet going to
the Pacific.
“The fleet will consist of sixteen
battleships and will start some time
in December, going through the
Straits of Magellan and up to San
Francisco; and it will probably also
visit Puget Sound.
“The question of the route by
which it will return to the Atlantic
has not as yet been decided.
“The destroyer flotilla will leave
for the Pacific about the same time
as the fleet, but will not accompany
it.”
Mrs. J. F. Ryan a Papal Countess.
Private advices report a rumor in
certain Vatican circles that in all
likelihood ThomasjF. Ryan would be
made a noble of the Holy Roman
Catholic Church before the end of
the year.
Inquiry among high ecclesiastical
officers was at once made concerning
this information and it brought to
light the fact that Pope Pius X. in
December last had bestowed the title
of Countess on the wife of the Amer
ican gas, tobacco and street railway
magnate in recognition of her chari
ties and benefactions to the Church.
The bestowal of title on Mrs. Ryan
has been long expected by those fa
miliar with church affairs. But it is
not the first favor she has received
from the Vatican. Pope Leo XIII.
granted her the dispensation of hav
ing a traveling chapel. This is in
stalled in her private car, the “Pere
Marquette,” and is the only one of
its kind in this country. The only
other in the world belongs to the
Queen Dowager of Spain.
It is said Mrs. Ryan gives away
$1,000,000 a year in charities. Her
gifts to the Church alone in the past
four or five years arenes.imated at
more than $5,000,000.
Root Victim of Overwork.
Secretary of State Elibu Root is
a member of the famous “Training
Squad” at Wrestler Muldoon’s farm
near White Plains, N. Y. It was re
ported in White Plains that when Mr.
Root reached Muldoon’s he was on
the verge of a breakdown from over
work. He was nervous and dis
traught. He is still suffering from
nervousness, but it is believed that
under the treatment of the former
champion wrestler of the United
States he will make rapid recovery.
Disfranchisement Approved by the
Governor.
Governor Hoke Smith, of Georgia,
approved the negro
disfranchisement bill, and at the next
general election in the state it will
be submitted to the people of Geor
gia for ratification as a part of the
organic law. Inasmuch as the bill
embodies one of the paramount is
sues of the campaign, Governor Smith
was especially well pleased to attach
his signature of approval, and he
feels sure that the people of the state
will ratify its provisions when the
question is submitted to them.
The amendment is so framed that
it will eliminate about 90 per cent
of the negro vote of the state, and
at the same time preserve to every
white man the right of suffrage.
Driven to Suicide By Public Taunts.
Paul A. Barth, recently mayor of
Louisville, formerly president of the
Board of Aidermen, prominent in
business and wealthy, committed sui
cide by shooting himself while in the
office of the Utica Lime Company, of
which he was president. It is be
lieved that the act was due to the
taunts of political enemies and news
papers allied with them, in criticism
of Mr. Barth’s political methods and
in question of his personal integrity
in his official life.
All the municipal officials, includ
ing the mayor, were recently ousted
from office by u decision of the high
est court of the state, which held that
the places they had held a year and
a half had been secured by a fraud
ulent election. Robert W. Bingham
was appointed by tho governor as
mayor to succeed Barth, and account
ants were at once set to work on the
books of the various departments. It
was found that the «ity had paid