ITEMS OF INTEREST October 14, 1911 Issue

ITEMS OF INTEREST

Frank Lyon, attorney for the interstate commerce commission, who has just returned from Oklahoma, where he has been hearing the pipe line case, says that this case promises to be one of the most important undertaken by the commission. It was alleged at the hearings that the pipe lines are under the complete control of the Standard Oil Company. Positive statements were made by independent oil producers that if they were accorded the same rates as the Standard Oil Company there would be no danger of their being put out of business by that company. It may lead to a supreme court ruling declaring the pipe lines common carriers.

George W. Perkins, former partner of T. Pierpont Morgan, urged before the Detroit Board of Commerce the selection of a Congress commission to devise a law to regulate the interstate business of the big corporations. He proposed that corporations submit to the government at intervals statements of the operation of their business, capitalization, etc., "so that the government might say to the labor employed, to the consumer and the investor, that the statements these men are making are complete and honest."

New York city's department of education announces that $10,258,809 has been made available immediately by the board of estimate for the erection of new school buildings and additions. The new funds will be sufficient, it is estimated by the building committee, to provide twenty-four school buildings, four additions, and to buy eleven sites.

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