St. Louis Post-Dispatch
December 20, 1913
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By Associated Press. WASHINGTON, Dec. 20.— The great- est anti-trust victory of President Wilson's administration thus far— the voluntary dissolition: of the so- called telephone trust-—-commanded the atténtion of all administration officigix today. Next 16 the fact that all the fea- tures against which the Government was preparing an anti-trust suit will be eliminated with the consent and co-operation of “big business” itself without years of court fighting, the prineipal topic of discussion in ad- ministration circles was, what effect the dissolution will have on the movement for Government ownership. has been generally expected in gs that such a plan would soon as an administration meas- ve. Lewis of Maryland, tive 11 tue movement for Government ownership of télegraph and telephone lines, introduced in the House today a aoe to direct the House Postoffice ig 2 ty _ 4 * 2 N * . ~ 4 . St. adie Woman d Who Gets New — Mann “and Compromise Sends Bell Co. Stock Up NEW YORK, Dec. 20. HE announcement from Wash- T ington that the American Telephone and Telegraph Co, had reached an agreement with the Department of Justice, where- by it would relinquish control of the Western Union and avoid a suit under the anti-trust law, caused an excited advance in the stock of the telephone company at the opening of the stock market today. The first transaction in the steck was a block of 2000 shares, one of the largest blocks of that stock which has been handled on the ex- change for years. Prices ranged from 120% to 124; a maximum gain of 6% points. Subsequently the advance was run up to.7 points. The price of.12%4% represented a gain of 14%, points since Monday. The price later reacted 3 points. American. Telephone convertible bonds gained 3 points. 4 Western «Union stock, while less Three Views of Property That Originally Cost Millions | 1 2 ae ’ 3 n 2 ‘ 1 1 2 v oo e > . Wiis ta 5 ( * 5 >, 2 9 tt 1 MM Om st. Louisan Buys Famous us Show Place and ‘Sells. Mansion Here. — ——) — HE SAW IT ON AUTO TRIP Beauty and Cheapness Induced purchase, Following Desire of Change for Wife. Mrs. Howard Cole of 64 West Pine boulevard, wife of the president ot the Howard Cole Land Co, is the recipient of a Christmas present ‘that her friends are confident will be the most lavigh be. stowed upon any one in America. The Att ls a famous mangion and grounds to have cost the. original owner about $2,000, 000. Beyond saying he got the place at a bargain, Cole would not discuss the re- port from Madtson that he paid 0, % for the home, He said he would leave St. Louis Christmas dax with bis fanily tq take up his residence in, New Jersey. vard residence at a sacrifice to Charlies A. Niemeyer, presiient of the Vane-Cai- vert Paint Co. Both Cole and Niemeyer will move into their new homes Jan. 1. The Cole residenee in St. Louis is considered one of the best-appointed mansions in the city. When the Coles beught it they expected to entertain largely and t: was. sumptuously kur- rished, but on account of a long ines of Mrs. Cole these plane were not who!- ly carried out. hey have lived rather quietly there fer several years. Change Is for Wife's Health. Cote said the primary purpose for the change of residence was to see whether Mrs. Cole's health would im- prove tn a new climate. She has been suffering from nervousness. If she regains her health they expect later to throw open the house at Florham park for entertainment, at Florham Park, Madison, N. J., sald having sold his fine West Pine boule- | career. But $15,000 A YEAR 10 KO. A Granted to Former Kansas City Woman. ED NEW YORK, Dec. 2.—Paul | stnong, playwright, and Miss Calvert of Baltimore, leading woman 5 one of Armstrong’s plays, were marrié at New Haven, Conn., last Mies Calvert was named by Mrs. Armstrong in the divorce pr Miss Calvert as 2 years of age, both she and Armstrong duct on the steamboat C. ae a trip to Albany, nas ox tee — ently at the outset of a. the cone 2€ drawn are virtually forced by” the & timony and documentary “The contrary conclusion relations were innocent. thet — strong was @ sort of hero and tor who had given Miss Calvert . wt Custody of. His Three Daughter He had no idea of buying the new place, Cole sald, until he chanced to pass it on a motor trip with ‘several friends and learned it was for sale One of his friends told him it was to be had at a bargais. Largely out of curiosity, he exe~ined tive property, When he returned 40 St. Louis he told his wife of the find and she advised him to buy it, saying she thought the} change would be beneficial to her health. Property ta Great Show Place. The property l. ane ot the show places | in New Jersey. It belonged te the 1 Dr. Leslie PF. Ward, first vier- president of tne Prudential Insurance Co, It was known by reputation not only throeneh, | out this (Sate, hut in faraway places, and sightseers’ have gone out of their } way to visit it. The house and furnishings are said to have cost $1,000,000, and it ts reported that another mitiion was spent on the grounds,. stables. garages and other buildings. The property and all of the furnishings weirs sold by the Fidelit, toon after it took charge of the estate. The Ward estate is about midway be- tween Afton and East Madison. A tow- er clock ig near the entrance and ean Le seen for miles, The clock is equipped with chimes, Seven hard stone private roads lead from the lock and pass through gardens and woodland. Thre is aleo a fine lake with picturesque greenhouses, cettle stables, garages, paddocks, pheurant and duck preserves and cottages for the superintendent, chauffeurs and other employes. The house, eonstructed of stone and brick, occupies „ Knoll surrounded by trees and contains about D reoms. On the first floor is the dining room, break fast room, à lange parlor, a library and tantries. The bedrooms, bathrooms and shower baths are on the second floor, while on the third are more bedrooms, more baths and a billiard room. Cole will keep his present offices and working organigation in the Pierce Committee to go ahead and report a bill for Goverfiment ownership ö telephone lines. to be operated by the Postoffice Department. Does Not Alter Situation. + active, was bid up 2 points. Pacific Telephone rose 3. There was no trading in the securities of the MacKay companies, which controls ‘th a ‘statement accompanying his reso- the Postal Telegraph, in the earty lution ‘Lewis contetided that the sur- market, : render ot the telephone interests to pre- |] .. ° 21 vent litigation under the anti-trust law 1 * 1 t affect the legislative situation | ompand all the time necessary to dis- 9 * pose of its holdings in Western Union. “The action of the Bell company will Sosa tea: „ 1 * a ate a red a single or telephone or tele- magnitude & which, on its E rate in m4 United States, and so | n motion. relinquishes its holdings in the public necessities Yor legislative ac- other companies and Ygreés to every these» methods ot com- Proposition put forward by the Govorn- ‘gs they have been in near- ment, should be treated with every con- ty, ner countries; are not affected sideration in carrying ‘out the terme of uin the least,” he said. the agreement. The Lewis resolution embodies a plan] Government Ownershjn Unlikely. by which the telephone lines would be Tunis action on the part of the com- appraised by the Interstate Commerce | °°": it is believed here, deals the Commission and the companies might knockout blow to the plan of Postmas- ” ‘appeal - to the United States Circuit |*et-General Burleson for Government Coutts on the awards, Pending litiga- ownership of telegraph and telephone tion interest at the rate of 4 per cent a lines. The correspondence which passed year would be paid to the owners. - [etween President Wilson, the Attorney- The Government would issue 3-per-cent |Femera! and Kingsbury, shows clearly bonds from time as the acquisi-|the attitude of the present administra- * 3 tion toward corporations who are will- ing to conduct their business eve legitimate lines. One man in the House, Représenta- tive David J. Lewis, and one man in the Senate, Senator Martine of Néw Jersey, would take over the telegraph and telephone lines now if they could, but nobody eise in either House of Con- gress ia entiusiastic over the idea of putting into’ effect . an enormous plan. The Areement itt * affect the suit entered several months ago to dissolve the comnection of tho Bell company with the Pacific Telephone and Telegraph Co,, the Coast branch. This suit win be pressed by the department to de- termine how far the Sherman anti- trust act applies to telephone companies, Text of President's Letter, President Wilson's letter, written to the Attorney-General yesterday, was ene of the most interesting documents made public in connection with settle- ment. It reads; My Dear Mr. Attorney-Genetal: Thank you for letting me see the letter from ihe American Telephone and Telegraph Co. It is very grati- fying that the company should thus volunteer to adjust its business to. the qonditlons of competition. I gein the impression more and more, from week to week, that the business men of the country are sin- cerely desirous of cQnforming with the law, and it is very gratifying indeed to have occasicn, as in this instance, to deal with them in complete frank- ness and to te able to show them that all we desire is an opportunity f to co-operate with them. testimony clinched the Wife No, 1 Gets Armstrong is @ years 4 successful playwright. years. His earhings ures and alimony of 5 granted to his wife; who has their three daughters: ia Armstrong wag Miss Rella A sas City, Mo. . Armstrong attracted iy when he took up the ca ancy Lesh, a young wife,. herself up to the police in Leg = confessed that ahe had } MBS, PAUL ARMSTRONG NO. 1. SENATOR STONE |S 14 WITH e “FRENDS. ANOS == Armstrong tu Speaker ‘Clark and ‘Others . bo. eg awa L, quire About Him and Press“ dent Wilson Sends Fuwers WASHINGTON, Dec. 20. -- Senator stone of is ait at his home here. He caught cold a few days ago, which developed into pleungy. H's friends. were anxious about him today, and Speaker Clark and séveral others who inquired were told he was! quite sick. President Wilson sent some flowers. His miness made ft: impossible for him to be in the Senate’ yesterday to vote on the final passage of the currency bill. FINDS WIFE, SENDS HER TO OBSERVATION WARD Chef _ Belives Wo oman Wha Charged Poison Attempts on Self and Baby Is Deranged. ‘Five minutes after Curt Callenbach 1419 Walton street, had found his wife, whom he had reported to the police as missing, he had ber sent to the obser- vation ward ot the eity “hospital Friday night. Mrs. Callenbach is 24 years old. She was found pacing up and down in front of her home with her baby in her arms and muttering about attempte to polson ner and the infant. In the hospital she charged her husband had put poison in soup and peas. The husband is a chef at the Famous-Barr company. 2 ys 5 ix. 2 * f THE pre time about 58105, 000.000. From October, 1906, to April of the current year, has paid per cent annually. The Western Union had an author- ized capital of $100,000,000, practically a of which has .been issued. Late in 3911, the American Telephone and Telegraph Co, held more than $29.000.000 of this stock. The Western tnion has paid 3 per cent since January. 1909. Fi bt Against Wire Combination Be- gan Fight Years Ago, NEW YORK, Dec. 20.—The telegraph and telephone combination has been un- der almost continuous attack since if was effected in 1909 through the pur- chase of the large Gould, Sage and Mor- csino holdings «f Western Union stock by the American Telephone and Tele- graph Co., in which the various Bell telephone interests had been consolidat- ed. Ever since then it has been under investigation by the Department of Jus- tice and constantly assafled by Clarence H. Mackay, president of the Postal Teil- egraph Cable Co., because of the dis- advantage his company was placed hrough its alleged lack of the tele- phone facilities of its rival, the Western Union. Independent telephone interests find- ing At arduous to compete With local Bell 8 because the trunk lines of the combination were closed to them. complained bittcrly. Members of Con- gress from time to time have proposed investigations or urged the Department of Justice to act on general principles. Finally in the last few weeks began 4 movement for Government ownership of telephoné and telegraph lines. Financial men said today that the separation of dne company into its parts would not be 4 great difficulty, because of their distinct organgntion. The diff- culty would be, however, in devis'ng an equitable plan tor distribution of the se- curities, The Department of Justice no longer will permit a ‘distribution of stock of the subsidiaries to the stockholders of the main company ro rata, as in the To- So long as We. are. vdegit with in’ hacco and Standard Oil cases, The Su- this spirit, 1% can help. to build up Tireme. Court, in the Union Pacific dis- the business. of the coluntey upon {[eolution, went on Tecord against thts, sound ang Neri unos. . Cordially aug gingerely ours, win DROW WILSON. 4 writings. , Piles Cured tn @ te 14 - Druggists refund money it Pazo € ment falls to cure itching, blind, t or protruding piles. First a ‘gives comer 706. 20 | AND FINDS IT AT f Gas Field Royalties Acorue 4 it } Kansas While Man Roanis 8.5 Montana and Wyoming. Axel. Currency Bill Js Passed by Senate: Vote Is 54 to 54 Continued Frem Page One. ar a slicsouri voluntary qinotetian of the ist ‘actually under way, how- y-General McReynolds and erce Commission to- to scan the detafis of the the American Telephone Co. from the Western Work of disentangling throughout thé coun- resident Wilson's signature by Tues- day. a No Serious Differences. Democratic Leader Underwood in the House sees no serious points of differ- ence in the two bills; the guarantee of deposits which was inserted by the Senate is practically the only chinge made in fundamentals. All the changes made by the Senate are understood to be agreeable to President Wilson. As one administration official put it today, the plan is to have the President sign this bill before Wednesday, so that it may become a Christmas present for the American people.“ When the bill becomes law, President Wilson will be confronted with taking the first step to put & into effect. That will be the appoimement.of a Fa:eral Reserve Board of seven members who will make all the arrangements for the transition from the present. currency system to the new one. Many sugges- tions have been made as to the person nel of the board. The President has not made hie selections, but will consider the question during his Christmas vaca- tion. ut was piling up for him at his ENATORS voting for the lain, Chilton Clarke, Fletcher, Gore, lands, O'Gorman, Overman, Owen, mons, Smith of Arizona, Smith of Walsh and Williams—4’. Progressive—Poindexter. Catron, Clapp, Colt, Cummins, Din- Nelson, Oliver, Page, Penrose, Absent and patred—Burleigh. near Vilas, in the K Vote in the Senate on Currency Bill WASHINGTON, Dec. 20. 8 Owen currency bill were: Democrats Ashurst, Bacon, Bankhead, Bryan, Chamber- Hitchcock, Hollis,, Hugbes, James, Johnson, Kern, Lane, Lea, Lewis, Martin, Martine, Meyers, New- Pittman, Pomerene, Ransdell. Reed. Robinson, Saulsbury, Shafroth, Sheppard, Shields, Smvyely; Sim- Georgia, Sm:th of Maryland, Smith of South Carolina, Swanson, Thom- as, Thompson, Tillman, Vardaman, Republicans-—Crawford, Jones, Perkins, Norris, Sterling and Weeks—6. AGAINST TR BILL: Republicans—Borah, Bradley. Brady, Brandegee, Bristow, Burton, ingham, Duront, Gallinger, Goff, Gronna, Jackson, Kenyon, La Fol- lette, Lippitt, McCumber, McLean, Root. Sherman, Smith of Michigan, Smoot, Sutherland, Stephenson, Townsend, Warren and Works—##, en Union: but it has Clark Wye), Culberson, Fall. Lodge, Stone. Thornton. . Vacancy—Aiabama. 25 — bes * its monopoly of @ecal companies in the telephone field, lation. The Senate had previously re- jected, without a roll call, a Central bank” bill offered as a substitute by; Buildng. but he expects to open a New Senator Burton. York office at 1 Wall street. Throughout the afternoon, when a vote 8 en the bill was momentarily expected. Wilson, with a party of friends Was There a+ “Farm to Table“ Movement rs Boon the White House; Secretary Me- | Adoo and Joseph P. Tumulty, President Wuson's secretary, were interested spe- More Than 350 Years Ago? + tators of the Senate's proceedings. Mrs. Somewhere around this Callenbach expressed the belief that Wilson stayed in the private gallery of the year in the si enen nis — ä wee — until 7 o’elock, but departed before the tury, Thom 7 teenth come 5 vin nad passed. woot reer penned this ‘oupiet: .« Senator La Follette proposed two : amendments just before the bill cams At Christmas play aiid make t>.& vote, which caused a mild sensa- ea 9 : tien. One of them was written into ens Ss comes but once the bill and the other rejected by ay a yeer. * majority. It „ “The Farmer': La Follette Gets Amendment, rene 2 5 1 he boosting a The first. which passed without a rol! arm to able“ department in call, provided that “no United States the Want Directory of the “Diet” Senator or Representative in Congress such as the Post-Dispatch ig doing chall be a member of the Federal Re- today for the readers of its Want serve Board, a director in a Federal re- Direetory? Was. he also trying to serve bank or an officer or director of get the producer and the consumer any member banks." together in a — fight on the The second proviced that no member —4 weep Did he make 3 cy! the Federal Reserve Board, any of- He pe , 8 oe oe daran ficer or director of a regtonal. or mem- 8 to 7 announcements, her bank, should be a director or officer 2 5 — * ¢ Post-Dispatch has o! any other bank, trust company or in. wre 2 gentieman please surance company. This was defeated, ey 4 * ’ * * 61 to . * W ry The Democrats were forced to call Now for “play” and wood cheer’ upen Vice-President Marshall to cast 4 at Xmas time: What's better than an Xmas tree? deciding vote to break a tie and reject ; a . the proposal to strike ont of the bin See “Farm to Table“ classifica tion firet page todgy’s . Post-Dis- the provision allowing 580 appoinement | pat h Want Directory—Xmias trees, of. oftictals the Veceral Reserve | ‘em, 4 eet op, Me up, oboe Hoard without refeveme tu the eien CRP ORE: bed eR delivered. to po: service law. oor. | Senators. Hitchcock and Lane votes with the Republicans for an amend. plas gangs) Wu 1 l 1 r * vas E ae 1 com That concession, which was admittedly more than Mc- Reynolds expected to obtain in a legal ens long distance facilities by te many communities which me been denied it. + work. of As ae the two on which ae n N miidhy 7 + — — — — Differences in Two Houses, The chicf points of difference between the Tiowse and the Senate are: The House provided for 12 regional banks: the Sénate for “from eight to 12. discretion being left to the Federal Board. The Senate added a provision creating a fund to guarantee the deposits of failed banks that are members of the reserve associations, The House limited the rediscount of commercial paper at the regional banks to that maturing in 90 days: the Sen- 1 ate provided that 18-day. agricultural Nr: aun Start ter Florida. paper aceepted onder certain point of view of, a sub. or . ‘ and Mrs. Bryan left Washington last gional reserve banks against circulating night to spend Christmas at their win-| notes, was placed at 83 1-3 per cent by ter place wm Miami, Fla. They will the House and at 40 per cent by the make briet stops at Asheville, N. C., e arid Jacksonville, Fla, en route to Mi- Radke would be permitted. to loan on Ami. They expect to return in time to five-year farm mortgages by the Senate give the annual state banquet to the bill: on one-year mortgages bn the diplomatic corps.on New Year's day. [jj ice bin. The : ‘tch hed fought together for improveinent ard ameudment of the measure to the Ast, d. vid when ‘thy Unal vote came in the Senate yester. day. Senator Hitcheock, who had led the . to the bill, returned to 72 a nas ee of telegraph and tele- : and Congress is hot Ifkely er" Serna ore ip of Sear in erent how ts * Senate and a redo. 88 that the President t to recommend Govern- p of wires is found in an ‘by the American Tel- 1 hone ee Ge. through its . et oie ee ee « gO RTE Seno „ é Re ee — —— ᷓ — F h could be rom the tieceriber to an independent pte one of the most interesting parts langere 55 ay” ~~ , ." * * Ne trunk lines to connect with the Bell toll boards, ‘the Bell companys. operat- lun the entire zoll Arden c } tous are made, ent ve een. ne Connectors will ve 8 with, Belj| Three pounds finest assorted candles, mabecribers. of raroes wi) hy —— 2 — om of other dine 8. 0%, at Ibsen's, ‘912 Olive. bin followed upon the formal defeat by it to u of the “Mitehcoek bel.“ r . 7 Laster: Wer. . e . Dice Lists, gte. i hive. 3 : 15 . ae ere ak — 1 — which 2 = - J 4 ; US ee Bix eS wy . ‘Bee K 2 n d ae . 7 ‘ > : 1 7 2
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