The Independent-Record from Helena, Montana • Page 8

10 THE HELENA PAILY INDEPENDENT PIS L) A MORNING, NOVEMBER 2, 1926. INSIDE STUFF ON JUDGE IN WELL'S LIFE OF STEEL OPPOSED TO GAMBLING AND SPECULATION AND ACTS AS PEACEMAKER WITH LABOR New York, Nov. M. T.rb.11, author of "Lifo of AbraKun Lincoln" and "Hiitory of the Stendu-d Oil company," in- twritory of in work juit tad copy- rixhUd by D. Apploton Company, "The Life of Elbe-t H.

GMT I Slory of Stall." She portrays the life of the head of the 'steel industry and country and intimately pictures his quarrels and disagreements with other financiers over his labor and stock market, policies. At the time of the formation of the big steel trust that later was subjected to many government suits and investigations, Miss Tarbell writes of J. Pierpont Morgan's part in acquiring the steel plants offered to him by Charles Schwab. Morgan submitted the prooosition to him by Mr. to Mr.

Gary. Mr. Gary returned it with notations of his own and when the deal was going, Morgan told Gary, "now there's one thing I want understood; if I go into thiis you are to go with me, not only as my lawyer but as my friend- that is, you are to stand by me." Old F.ud. In attempting to gain the Rockefeller ores for the new combination, Gary found that Morgan's dislike of Rockefeller stood in the way. Chided by Gary, Morgan went to Rockefeller and parleyed with him for the ore lands.

The Rockefeller offer was $5,000,000 more than Gary's outside figure, but Morgan said that the price Would not stand in the way and directed Gary to write out an acceptance. She interestingly portrays the long conference between Morgan and John Gates, who was determined to get a record price for his wire holdings Gary took up the parley where Morgan had walked out, angry. He eventually forced Gates to sell by having Morzan enter the room and that unless Gates sold lus wire plants, Morgan's interests would build one of their own and force Gates and his associates to the wall. "Morgan was as tickled as a kid going from a football game," Gary said in describing the victory. Always for Miss Tarbell draws her word picture of the modern master of steel as exmplified in the person of Mr.

Gary as that of a pacifist. Nowhere does she make him the militant or foe of labor, but shows him as the mediator and the peacemaker. An instance of the strict Methodist training of the steel corporation head is given in his refusal to continue matching 20 dollar gold pieces for the fees of absentee members of the board No relative o( Gary nor any one in his employ. Miss Tarbell writes, has ever or will ever benefit by advance information. His own son would not be "tipped to enable him to speculate profitably in the steel market by Gary, although he might be in possession of news and information that would make such speculation profitable for friends or acquaintances.

Miss Tarbell says that Mr. Gary so arranged it with the comptroller of the corporation that the quarterly financial reports of the company were not given out to any one, not even himself, until they were placed before the board of directors at 3 o'clock, when the market had closed, and at which time they were also given out to the public. Miss Tarbell quotes Gary as saying: Gary'. "As a matter of fact. I always thought this use of inside information by directors, very common at the time, was akin to robbery of of their own stockholders and I had no hesitation in making my disapproval of it so clear that every- Cortland S.

Dines of Denver, who was shot during a New Year celebration in Los Angeles two years ago by Mabel Normand's chauffeur, was married to Miss Ruth Gibson, also of Denver, list week. It was his third matrimonial venture. I Want a Suit Like Pete's The suit Joe wants la a J3B.OO suit I made for a boy friend over a year ago. This boy has been buying readymadea. He didn't believe It possible he could get a good tallor-mada suit for J3B.OO.

Hundreds of patterns to choose from at you can pay for them 5n 10 -weekly payments. to $60. BILL, THE NIFTY TAILOR DINES TRIES IT ICl body on the board would understand. They finally gave up trying to get information from me, though in one case one of our directors -went to our treasurer or comptroller to get it. But I was able to stop that.

It was wrong in principle, and it set a bad ex ample. How could we expect our officers and employes not to speculate if the members of the board did it?" Mr. Gary always insisted that stockholders who attended the annual meetings as they had a right to do, should not only be allowed to speak, but should be invited to do so. Old Landmarks in Miles City Must Go Miles Gty, Nov. 1 --Old landmarks that have served their day and generation and that are being allowed to crumble into ruins will be destroyed on becoming an eyesore to the community, under the precedent established here in connection with the official sanction given to George Aitchison, local fire chief, who is directing the work of the Salvation Army in razing a house on Fort street near Lake.

Some months ago the matter of dilapidated condition of the old building was called to the attention of the county authorities by M. F. Mann, city cleric, the ownership of which property at the time BEFORE CONTROL OF RATES OF TARIFF THERE CAN BE GIVEN CHINESE Washington, Nov. the Peking customs conference safely through its first week and showing no signs of a break, Washington officials are generally hopeful of the outcome, provided the 'new Chinese civil war does not interfere. Great significance is attached here to the fact that the American, British and Japanese groups were fully prepared to enlarge the scope of the discussions as outlined by the Washington conference resolution, under which they are being conducted, to the extent of considering the tariff autonomy question, when it was raised by the Chinese.

To Sit Tuesday The state department has made public only its lengthy reports on the first plenary session of the conference last Monday when the autonomy proposal came up, but since that time committee No. 1, to which this subject was referred, has held one meeting and will convene again Tuesday, making it clear that nothing of a nature to indicate a breaking off of the discussion developed. There are intimations from unofficial quarters, however, that the Chinese suggestion that autonomy be restored by 1929 found no support among the other delegates. No Central Authority A feeling that considerable time must pass before a central authority can be built up in China sufficiently strong to justify surrender by the powers of their existing treaty rights as to tariffs was expressed by Chairman Hioki, of the Japanese delegation in his opening statement a week ago. He insisted that China herself did not contemplate any immediate action to that end and submitted proposals and ad interim tariff agreements which went to committee No 2, on "progrcssional measures to be taken during the interim period," pending restoration of full autonomy.

was not known. Following publication of the situation existing with reference to the building, it was learned that N. F. Archdale, who lives in England, is the owner of the property. Notified to make the necessary repairs or tear down the structure, and no reply having been received, the building has been condemned and will be lorn down and split into kindling wood and distributed to the poor residents of the city by the Salvation Army, it Is announced.

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