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Show CONTROLLER BAY. We have a friend who is exceptionally well posted on public affairs and, meeting him yesterday, yester-day, he said : "Do you know that President Taft has put hia foot in it in opening up Controller bayf" He further fur-ther said that the Guggenheims had gained by that opening all they had lost by the coal decision, and explained it this way: "The Guggenheims have the railroad, which the government cannot confiscate, confis-cate, that connects the bay with the coal fields. With the bay open, the Guggenheims can get all the coal they want from outside and ship it to their smelters. No one else can get any coal, because be-cause they cannot move it. The company that owns either the coal mines or the water front haa the dead mortal cinch on the situation, because no one else can interpose. It may require a year or two to get thinga working, but I tell you you will find ont when, the time comes that the opening of that bay to the Guggenheims was undoing all the good that the coal decision was intended to do." In other words, it is very hard to down money. If it cannot find a place to work in one way. it will in another, and giving the Guggenheima the bay. with their railroad, will result in shutting everybody else out. ' |