Richmond Palladium (Daily), Volume 35, Number 42, 19 December 1909 — Page 13

ONLY 5 MORE SHIPPING DAYS UNTIL CHRISTMAS. SHOP EARLY

THE RICHMOND PALLADIUM AND SUN-TELEGRAM. SECTION TWO. RICHMOND, IND., SUNDAY MORNING, DECEMBER 19, 1909. PAGES 1 TO 8.

IS THERE DANGER OF A BANK TRUST IN THIS COUNTRY

Recent Activities Among Wall Street Financiers Has Convinced Many That This Is a Possibility. GREAT MORGAN DEAL FRIGHTENED A NUMBER President Taft Will Probably Advise That National Banks Have the Curb Bit Placed On Them. (By Jonathan Winfietd.) Washington. Dec. 18. Is there danger of a banking trust? Recent activities among Wall street financiers has convinced many observers of current affairs that there is. It is only necessary to point to the recent acquisition of Equitable Assur ance Company stock by J. Picrpont , Morgan to excite grave apprehension. The great financier, it is asserted now has controlling voice in the affairs of that company, and apparently there is no limit to the expansion of his operations. The control over the vast sum of assets which the company owns, estimated at more than $472,000,000, now vested in the great Morgan banking house, becomes one of the main factors in the financial world, and will not be overlooked as a factor in the situation by Secretary of the Treasury MacVeagh. The control of the Equitable is not so important as the control of scores of subsidiary and interrelated corporations, which naturally follows. "The resources of the banking, industrial, railroad and other corporations in hicli Mr. Morgan is a dominant, factor, "says one publication which is hi friendly relations with the big financial interests, "now aggregate something like three billions of dollars." What it Could Control. This sum, properly placed, would control twelve or fifteen railroad systems as great as the Pennsylvania. Mr. Morgan is now, in fact, almost the financial dictator of the country. He is in a position to exercise a power which would be well night irresistible. The government of the United States may have to appeal to him, as it has, indeed, already done. Political parties may well stand in awe of him. The greatest financial institutions in the land, even if he did not own a share of their stock, would scarcely venture to oppose his will. Just how Mr. Morgan will use his almost, unprecedented power is a matter of speculation. That he will employ it to force the establishment of a control bank has been, suggested in some quarters, out in view of the present state of public sentiment, this is considered unlikely. Despite the visit of Senator Aldrich, the middle western states are far from reconciled to the Idea of a central bank ' with headquarters in Wall Street. If Mr. Morgan and his associates should attempt to force the issue through their senatorial representative at this time It would inflame public opinion to a pitch where the legitimate, business interests would be threatened. It is deemed safer to educate the public mind, than to attempt to defy it. Even with his gigantic financial power, Mr. Morgan is not the man to use it in a manner to antagonize the responsible public. Is It Safe Policy? It is said, indeed, that Mr. Morgan is a safe and conservative man, that he is a builder, not a wrecker; that he is patriotic and well-disposed. It is claimed that in his control the money of the policy holders of the Equitable company is safer than ever before. The Thomas F. Ryan regime was not regarded with the greatest confidence by some policy holders. But granting all these things, is it right that one man, of a single group of men, should wield the enormous power now given to the Morgan interests? There are many reiwrts of proposed consolidations and combines of banks and other financial institutions, which will grow out of the Morgan purchases. There are rumors of an arrangement between Morgan, the Rockefellers and the Standard Oil interests to form a "money trust" such as the world has never before seen. This would include a lone line of national banks, which issue a large part of the currency that is employed in the commerce and business of the country. Banking Organ Speaks. Referring to the purchase of the life insurance stock, a financial organ makes the following statement: "The transaction in this way was even connected with the movement for the establishment of a central bank of issue, for it was argued that harmonious relations among the bank ers made more probable the success this - movement, and agreement

A Sketch Made of Miss Virginia Wardlaw

Miss Virginia Wardlaw, aunt of Mrs. Ocey Snead, the New Jersey bath-tub victim. This sketch was made during the examination as a result of which she was held for the grand jury on the charge of complicity in the death of her niece. Miss Wardlaw foiled every effort of the corps of photographers to obtain a snapshot of her.

among them as to the method of managing such an institution." This is the current gossip of Wall Street as repeated here and it is not likely to be without foundation. Should a central bank of issue be established, as the monetary commission will undoubtedly advocate, as Senator Aldrich is its guiding spirit of private interests. That a MorganRockefeller combination would aim at such control is not doubted. It might do it in the spirit of benevolence, and not design it as a move against the financial independence of the interior, but nevertheless such control would simply be a confession of weakness

Glad Hand For Col. Roosevelt It Is an Assured Fact That When the Mighty Hunter Returns He Will Get Great Welcome in New York.

(American News Service) Washington, Dec. 18. Friends of former President Roosevelt are looking forward to next June when the African hunter returns to the United States. They say that while it is the wise of Mr. Roosevelt to avoid any ostentatious and spectacular welcome in New York, nevertheless the people, of the Empire states will insist on making a demonstration in his honor that will prove to be the greatest A FORMER BOY MAYOR IN WALL STREET NOW S. M. (Sherbie) Becker, the former "boy mayor" of Milwaukee, who has gone to New York and paid the startling sum of $9G,000 for a seat on the stock exchange, rented a $30,000 a year suite of rooms in the Plaza hotel. Becker said he picked out New York as a base of his operations because it is the greatest financial center in the world and offers the greatest opportunitiea for young men.

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and impotence on the part of the federal government. In his special message to congress, relating to the railroad and interstate commerce laws, President Taft will probably suggest that national banks should be restrained from extensive dealings in speculative securities. He will also, it is declared, recommend federal control of the issue of stock by railroad and other corporations engaged in interstate trade. Those suggestions should be sufficient to draw attention to a subject which statesmen should study carefully, in order to save the country from what may eventuate in a national peril. oration ever accorded an American. The talk is that railroads will run special trains to carry the people who will wish to be present and join in the demonstration. It is denied by the friends, who are planning the celebration, that there will be a political significanct in the return of the former president just at the time when the New York repub licans will be busy considering the question of who shall be nominated to succeed Governor Hughes, but it is pointed out that there is a serious split in the republican ranks in New York, and that unless a candidate for governor can be selected who will be acceptable to all factions, the democrats may carry the state. The assertion is made that Roosevelt is the one man who can unite all factions. Furthermore, it is said by the congressional friends of the Rough Rider that he is such a strong party man, that if the New York leaders insist on drafting him he would more or less reluctantly, yield and accept the nomIination. There is no denying that there is a feeling among the Western republicans in congress that Roosevelt will be the choice of the people in 1912, and it is pointed out that the machinery of the party is still under the Roosevelt influence. "The Back From Elba club" suggestion may be regarded as a joke by many, but if the truth were known those who disapproved of the Roosevelt policies might sit up and take notice. A Wise Precaution. Not long ago some men bad occasion to organize a corporation and, desiring to avoid the cost of a lawyer's services, they drew up their own articles of agreement. Among the provisions was tbe following: "The annual meeting of the company shall be held on the second Saturday of July in each and every year, except when the same falls on a Sunday or a holiday. Law Notes-

AERIAL FLIGHT IS VERY COSILY And Travel by That Medium Will Not Be Popular for Some Time.

ONLY PASTIME FOR RICH IT IS ESTIMATED THAT SHIPS COULD FLY ONLY 200 DAYS EACH YEAR AND COST PER TRIP PLACED $375. (American Xews Service) Berlin, Dec. IS. According to esti mates which have been compiled by a committee of aeronautical experts, the cost of riding on any commercial line for some time to come will be so great that only the very wealthy will be able to indulge. Aerial travel, like automobiling in i its earlv davs m be a luxury, but it is believed that in the course of time it will be possible to build and oper ate an aerial passenger line at such ! traffic rates that all people, poor and ' rich will be able to travel that way. Trie famous inventor, Major von Parseval is the chairman of the com mittee, and the members are the in ventor, Herr Rettig, Professor Rom berg, and Lieutenant Aodebeck. Cost of Construction. It is stated that the cost of con structing an airship of approximately 8,000 cubic meters capacity with shed for its accommodation and other accessories wcild be approximately $100,000. Major von Parseval under takes to construct an airship of this size and at this price, which would be capable of carrying eighteen passen gers besides the crew. Assuming that ascents could be made on two hundred days in the year the annual working expenses would be approximately $75,000 or $375 per working day Even assuming that the airship car ried a full complement of passengers on each trip, which is highly improbable, it is clear that each passenger would have to pay more than for a day's trip to cover the working expenses and to yield a small margin of profit. In view of the fact that the proprietors would have to recken with a smaller number of passengers on many- days the fares would have to be appreciably higher. Assuming that instead of undertaking all-day trips the airship were able to make half a dozen ascents per day, the fares would still have to be fixed as high as $25 per hour.

PREHISTORIC ART CLOSELY GUARDED

Remarkable Collection Found In the Chinana Valley, Peru. SHOW OLD CIVILIZATION HITHERTO UNKNOWN PEOPLE LIVED IN SOUTH AMERICA MORE THAN 5,000 YEARS AGO 700 EXAMPLES. (By Philip Everett.) London, Dec. IS Temporarily plac ed in one of the rooms of a safe de posit company of this city is one of the most remarkable and interesting collections of prehistoric art ever seen in London. This collection was not discovered where the origin of mankind has heretofore been looked for, and the Mediterranean countries, but In the Chimana Valley of Peru. The discoveries seem to indicate that a more highly developed civilization than any yet suspected in that region can be traced on the Western slopes of the Andes and that it flourished no less than 5.000 years ago. The pottery dug out of some three miles of mounds by Mr. T. Hewitt Myring has been insjected by Sir Clements Markham, F. R. S.. who knew Peru more than fifty years ago and by Mr. C. H. Read, president of the society of Antiquaries and Keeper of Ethnology in the British Museum Is of Great Value. Thev are satisfied as to its value and the very high level of its artistic execution. In all the 700 examples of this unprecedentedly rich find, not a single trace of an alphabet or a letter exists, Their makers were equally ignorant of horses, and rode a curious, thick headed creature with a deer-like head. resembling the tapir, from which the prehistoric" horse is said to have descended. Their only weapons were aveli club and shield. Neither the bow and arrow nor the sling seem to have been invented. These Chimu people were fond of elaborate dens and even in this one collection of their pottery there are more different kinds of hats and head dresses than any Parisian milliner could display. They were fond of mu sic too, for many recognizable instru ments are found, apart from the countless forms of whistles, which were apparently a favorite means of frightening ghosts. They were as fond of children as any of the Greeks of Tanagra, and a number of toys were dug up among the more elabor ate manufactures. Their houses had sloping roofs instead of the flat sur face of the Incas and the modern In dians. A pronounced love of animals may also be traced in the numberless ex cellent representations of toads, owls barndoor fowls, deer and antelopt. More wonderful than all in the very high level of the sculptor's art, level unworthy of any age or any civilization, reached in their best por trait busts. One marvelously executed head i so amazingly full of life and charact er that it is almost impossible to re alize its great antiquity. Beneath broad brow the large, fine eyes look out with singular intelligence and strength. The bridged acquiline no6e adds keenness to the whole expres sion; the mouth is firm, yet sensi tive and delicately modeled; upon the face are caste-marks, and on the breast is a chieftain's badge. The headress shows two heads of aes. On the whole, the collection forms a most complete and fas-inating record of the mysterious coast people on the western shores of South Am erica and if it is secured for this country it will undoubtedly constitute the most valuable evidence yet discovered of the oldest races of civilized man. WATCHING BRIDEGROOM in was not only the matchmaking, advertising parson who made money out of the bygone bridegroom. There was tbe man who watched the bridegroom for twenty-four hours or so before tbe time fixed for tbe ceremony lest be turned tail at tbe thought of the ordeal and its after effects. Here is an entry in the register of a village church in Huntingdon which illustrates the custom: "December, 1647. Paid for wages spent upon the man that watched John Pickle all night and the next day till be was married. Such precautions recall Stevenson's definition of marriage as a "friendship recognized by the police. London Chronicle. WHEN TURTLES WERE BIG or the turtles it may be said that they represent the most ancient type of ail vertebrates, resembling closely as they do tbe reptiles of their kind which existed so far back as the mesoxoic era. There were sea tortoises during that epoch which measured twenty feet in spread of flippers, while some tertiary tortoises were not less big in body, measuring twelve feet from head to tail.

WEALTHY WOMAN WILL MARRY A WAGE EARNER

Miss Eb-ctra H-.vemeyer. daughter of the former Sugar Trust head and heiress to a larce portion of his $20,000,000 estate, who is to be mar ried to J. Watson Webb, a young man who has flouted wealth for two years, nreferrine to earn a living by hard work. He is connected with the Chi cago & Northwestern railroad at Mil waukee. He began in overalls, but now holds an office position. USEFUL WAR SCARE England Employs It to Stimu late Recruiting in Reserve Force. OFFER RECRUITS BOUNTY (American News Service)' London, Dec. 18. One of the results of the German war scare in England has been the ingenious methods re sorted to in order to obtain recruits for the Territorials, England's reserve military force. Stirring patrotic appeals from th stump, supplemented by monetary In ducements are being made from time to time to the young men and bav met with fair results In some of the working class corps of half a crown Is paid to every man when he takes tha oath, while in others, a recruiting bounty is paid to members of th corps, who induce new recruits to Join. These methods, however, have not made the personnel of the militia very high standard. Another method, which promises to be far more effective and satisfactory is that of recruiting men through the efforts of their employers. By this means the large employe of labor are induced to vie preference to Territorials. It Is strongly condemned by both socialists and labor unions. TO WHOM HONOR IS DUE As a pendant to tbe story of the professor who upon being questioned on tbe witness stand declared that be was "tbe greatest living scientist," saying apologetically afterward that he "was on oath," comes the following anecdote from a New England college: Dr. H. bad been unfolding to his class In physics a new and startling idea, and at the end of the explanation one of bis students said deferentially, "Is that your own theory, professor?" "No." the professor replied, "but." be added reassuringly, "it's a good one." Youth's Companion. TURNING THE TABLES "Turning the tables" in the sense ot bringing a countercharge against an accuser has a classic origin. In tbe days of Augustus Imperator a regular craze seized tbe men of Rome to compete with one another for the possession of tbe costliest specimens of a certain description of table made for the most part of Maori tana wood inlaid with ivory "mensa rum insania." or table mania, as Pliny called it. Ibej were sold at most extravagant prices. When tbe men accused the ladies of sumptuary extravagance the latter naturally retorted by reference to the money squandered by their lords on these tables and so "turned tbe tables on them" by throwing tbera metaphorically in their teeth.

SHE HAD DOLLAR FOB XMAS GIFTS

But This Woman Made the "Cartwheel" Answer All The Demands. HER ASSETS WERE MEAGER BUT PROM RAILROAD FOLDERS. SOAP PICTURES. CALENDARS. CANDY BOXES. ETC.. SHE MADE HER PRESENTS. The story of a woman who had a dollar to spend for her Christmas gifts, but who made it stretch. When she sat down to bos In her Christmas presents ho had the fol lowing assets, saved through th year: Railroad folders, containing some Kood maps; soap pictures, and other advertising pictures, advertising calendars for the coming year given her by her tradesmen: advertising blotters, old magazines. 6hoe boxes, laun dry boxes, candy boxes, pieces of silk and other cloth from her "piece bag." holly boxes, cards and ribbon uvnl from previous and more affluent Christniases. Her dollar she invested in a bottle of mucilage, two large sheets of gray and one of holly red cardboard paper. package of possepartout tape, a sheet of sandpaper, a package of tiny Christmas cards, some tissue paper, and narrow holly ribbon, two heots of "wadding." a package of waste white paper, from the "scraps" of a printing shop. These are the things she made: Dis sected maps and picture puzzles for the older children, made by pasting maps and the larger advertising pictures upon cardboard, and then cutting them up in various fancy- shapes. Paper dolls, paper soldiers, paper furniture enough to stock a dozen doll houses, made by cutting from the advertising pages of the magazines tbe necessary figures and pictures. pasting them upon cardboard, and attaching tiny pieces of cardboard at tbe backs for standards. Shaving cases for the men of her family, each made from a pad of tbe printer's white paper, covered with a piece of red cardboard paper, tbe whole punched with two holes at one end and fastened with a tiny bow of holly ribbon, and a cord to bang upon a nail by the shaving mirror: "May you never have a closer shave than these will give you." Match scratchers, each made from a piece of cardboard, covered with gray paper, bearing at tbe top a tiny picture cut from a magazine or a kodak print of some member of tbe family, and at the bottom a piece of sandpaper. Desk calendars, made by putting upon a passepartout bound sheet of gray cardboard supported by a cardboard standard, the calendar taken from the advertising one. a picture cut from the advertising calendar, or from a magazine, and a tiny Christmas card. Book covers of varying sizes made from gray covered passepartout bound sheets of cardboard, and bearing either a prettily lettered sentiment, a Christmas card, or an appropriate picture. One held a telephone directory of the numbers most used by tbe family, another was a memorandum book with its advertising cover removed, another an engagement book, still another an address book all with their leaves made of the "printer's scraps. Others held her most prized cook tog reciies neatly written out, together with some tested ones clipped from the columns of newspapers and magazines, and arranged in different booklets. Chafing dish recipes "For the Sick Room." "Dishes for Children." Still others held short stories detached from the magazines, one a collection of poems clipped from tbe same source, and another large one, a collection of newspaper cartoons. Sachet pads for bureau drawers and handkerchief boxes were made of scraps of silk over wadding sprinkled with sachet powder, finished with an embroidery stitch around the edge, and a tiny bow of ribbon at one corner. FRIGGA Frigga, from whom Friday Is derived, was either a god or a goddess, according to time and country- As a man be was a great hunter and warrior, always represented with a drawn sword in one band and a bow In tbe other. In tbe Scandinavian countries Frigga was called the "Venus of tbe North," and tbe sixth day of the week was consecrated to her worship. THE SHARP PROFESSOR Now," said tbe medical coDege prefeasor to tbe class, "we will proceed to the dissecting room, where tbe body lies. Just ahead." "I beg your pardon, sir," remarked the fresh student, "but bow can it be a body If it's just a head? It can't be," replied the beaming . benignly over-

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