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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 16, 1917
Page
1
A committee has been appointed to ascertain the valuation of mining and related corporations. The panel, comprising several experts, will review assets, earnings, and market potential to set fair values for future investments and regulatory considerations.
Helena Jan 16 Speaker O Connor named a committee to study taxes paid by mining and other large corporations, with reports due by the 25th. Senate and house committees may act jointly. Ironside proposed eight hour day for all Montana workers including farmers, ranchers, and miners, to ease labor and living costs.
New York Jan 15 The Mexican American joint commission failed to settle issues between Mexico and the United States and was formally dissolved. American officials led by Secretary Lane urged dispatch of Ambassador Fletcher and withdrawal of U S troops from Chihuahua. Mexican members expect reestablished diplomatic relations soon and removal of troops within a week or 20. The Mexican side did not state U S response, while Secretary Lane warned the U S reserves the right to pursue bandits.
Senator Walsh of Montana urged the Senate to approve his water power leasing bill saying current law blocks development and that about 800 million dollars would be invested in business if the measure becomes law.
John L. Smith was killed early Saturday by two shots to the head fired by his wife Stella Newton Smith with felonious intent, coroner's jury says. Mrs. Smith faces first degree murder charges after she claimed self defense against threats to injure her step daughter. General Punston with Pershing toured El Valle and inspected detachments of the American expedition in Mexico.
A Montana mining interests meeting at the Silver Bow club formed a local mine owners association and planned a state organization to fight a proposed tax bill. Senator Lee Mantle and C F Kelley urged concerted action to defend mining, stressing its big role in the state’s development and tax burdens borne by the industry.
The speaker argues Montana mining pays its fair share of state, county, and school taxes and warns that proposed extra federal and corporate taxes would harm mines and spark investment to other western states. He cites Silver Bow County last year paying about 992,089 in taxes on 81 million in assessed mining value, noting city taxes and federal levies are not included.
Washington reports Admiral George Dewey is near death after a long battle with arterial sclerosis. The famed Manila Bay hero lies semi conscious at his home, supported by family and doctors who say his end is near. Also noted is the death of Rear Admiral Allen V. Reed, Dewey’s naval academy classmate, from heart trouble.
Reading across the issue, the paper reports political and public affairs items including mining interests opposing a tax bill, an investigating committee named, and civic actions by the chamber of commerce on mining taxes. It also notes local concerns on welfare, hospital acquisitions, and a search for a missing man, with scattered headlines on sales, divorce, and state news.
Thomas W. Lawson testified before the house rules committee about a stock market leak tied to President Wilson's peace note. He named Henry as the chairman behind the leak and accused others, prompting subpoenas for cabinet officials and bankers. Henry denied the charges as Lawson vowed to prove his statements.
Washington January 15 Secretary McAdoo issued a late day statement denying any interest in stock speculation or association with leaks. He vows legal action against slander and warns of penitentiary for guilty parties. Lawmakers subpoena Roy Ridgway Cosgrave Warburg Fiske Price White Malcolm McAdoo Gibboney Barney Co Mrs Viscount and editor John Re Ratham. Lawson clash with committee continues as he faces 14 questions and requests to speak before testimony resumes.
Berlin Sunday January 14 Dr Alfred Zimmerman German foreign minister told the Associated Press that the entente reply to President Wilson peace note bars any direct German peace offer for now and precludes announcing peace terms. He said the entente answer does not shut the door to later efforts if conditions change and noted the German terms could be misread as weakness. Zimmerman doubted any final peace plan can be stated and predicted the entente reply would be interpreted as a rebuff. He suggested a new peace on reasonable terms might come if the entente offensive fails again this year.
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