Show R RESUMPTION SU f I i ON CASH BASS ASiS PROPOS D r CHICAGO NOV 23 A 23 A STEP STEPI LOOKING TOWARDS THE TIm RESUMPTION I TION OF BUSINESS ON A CASH BASIS BASIS BASIS BA BA- SIS HAS BEEN TAKEN BY THE CHICAGO CLEARING HOUSE ASSOCIATION ASSO ASSO- LETTERS HAVE HA VI BEEN MAILED TO BANKERS OF THE TILE MIDDLE WEST VEST AND WESTERN VESTERN SECTIONS OF THE COUNTRY ASKING ASKING ASKING ASK ASK- I ING THEM TO EXPRESS OPINIONS 1 ION ON THE GENERAL SITUATION I THESE STATEMENTS WILL WELL BE BEI BE BEI I TABULATED AND USED BY THE TIm THEl TImI l I CHICAGO FINANCIERS I There was a general expression Ca favor favor- vor dog ing this move in a 1 meeting of the a awo- awo o. o nation dation Tames James B. B Korean Forgan president of or ortho tho the First nt National bank presided Some of the thc members laid that it lIli ht be hc advisable to hold a n meeting when wen bankers f from m the country a as well wen as 3 those thop of Chicago and tnt states tates adjacent to 10 Illinois would be h invited in to discuss discus tho que question tion while others expressed l tho the opinion that the time timo was t not ripe for Cor such n nicotine meeting J and at t present it would 1 be impossible to undertake undertake- to Ia pay all checks in currency It was agreed finall finally that tho the senti- senti mont of oC the tho country in the mid middle le and tho far west should ho bo sounded cl and a aletter letter was wall prepared copies of which I were forwarded yesterday The Tho letter was sent to every 1 hanker west of Pittsburg Pitts- Pitts I burg to the Pacific coast It is thought tho that replies will vill begin beJin to come in by 1 w tomorrow An Answers to Jett letters rs sent scat t to the farthest points however how how- however ever ctr cannot be received until the tho end of oC n next tt week RAILROAD LEADERS SAY THE WEST IS IN GOOD CONDITION NEW EW YORK YORI Xo Nov 23 Several S Several railroad presidents who have bavo just returned returned re reo re- re turned to this eit city from the tho Wl west wi-st t expressed expressed ex fx pressed hopeful views of t tho o business outlook in the west while admitting that th the disturbances through h which the conn country try is passing n must mUtt of oC necessity necessity sity be reflected in a a. falling off ofT in railroad railroad railroad rail rail- road earnings earning 8 rn B B. F. F Yoakum chairman of the tho ez r- r of tho the Rock Island bland and I risco systems said that business in in tho tha west st S f was being resumed and that business 8 n men rn in n the stags elates s he bt i visited it'd wore were maintaining a hopeful attitude Mr Yoakum 83 said tl is bring twing gradually re ro- t lImtt turner The Tho timo time for talking about hout conditions seems to have havA already passed in m the tho west and thc they are Art looking fora for fora a resumption of business on normal Dormal lin lines I think from ob observations er of business conditions in the west that the outlook all things considered is satis satis- factory Frank Trumbull president of the tho Col Colorado ol 01 orado Southern said id that bo ho was hopeful hope hope- ful re regarding the conditions on his hi line The recent financial upheaval must mUfit he hr said laid have bac its effects on all pouts ports of or the country but he hI thought that the tho Colorado Colorado Colorado Col Col- orado k k Southern lines linen would ouM suffer as al little as u any road in the country countr Tho The returns for tho the tho second week in Xo Novem b ber r showed increases of oC 11 Jl per cent in inthe inthe the tho gross Jross earnings s and so 80 far far he lie said paid business on these lines Jines was keeping keepin up well HARRIMAN GIVES UP ATTEMPT TO CONTROL ATCHISON NEW YORK No Nov 21 The Tho amount of stock held by b- E. E II Harri Harri- Harriman man and his al associates associate in the tit Union Pa Pacific f 3 sad frays s the Times today which bih in inthe inthe the tb flIt In investigation b before tor the interstate commerce commission last winter was stated tl to amount to tn about has ball b been cn reduced to about This ThiR is exclusive of of nf Atchison On preferred which i is i o owned d directly di di- directly b by the Union Pacific which sto stock k has hal been heen kept inta intact t. t Tb The Atchison still till held by the Harriman Harriman Har- Har riman interests it is understood represents represents merel merely the tbt personal investments of ot the Union Pacific president and his hill associates the surplus line of stock tock of 01 which had been n acquired and held heM in connection with the Union Pacific's plan to gain aiD n a voice in the thEl Atchison management in ba having been disposed d of These sales of ot Atchison took place e some time ago and andere were ere not therefore transferred on the tho basis hnis of ot the tho present low prices of ot securities The important feature of the changes in the Atchison on holdin holdings according to tb the Times Time is that the influence which the Union Pacific was Willi in ft a po position to exert in A Atchison affairs has been great reat I ly diminished BROKERS TO STOP TRADING IN MONEY NEW EW YORK Nov o 23 The The demand for a higher premium on currency by persons OnA who b have boys f been hoarding has bu become become be he- come comA so flO insistent stud and the tb opportunity to dispose of the tbt purchases at a Q profitable profitable profit profit- able p pace p tage e has hu 1 become ome so 0 meager that the theall therall Wall all street house t of or Zimmerman Zimmer Zimmerman man 4 i- i Forshayt which has dealt in inmAn inmany inmany many mAn millions since eineo the mone money stringency gency eniy began ht announces that after the tho close Io of business today it t will n neither ither hu buy nor sell ell coin roin or hills bills This firms firm u example will probably b be b. followed h by byall byall all the money brokers in the financial district The highest rate obtainable lately in large lots lot has bu been beon a 2 n 1 and 2 24 per cent and about the be best beat t rate at which which currency cur reat rency could lie IMS bought tins has been 2 per percent percent cent making the margin of oC profit too small to make the bu worth while save uc Sn in lark large t transactions transaction It is estimated estimate that since th tb the beginning begin n. n ning of ot tb the shortage which brought about the exaction of ot a 11 premium the Continue Continual on page 6 t RESUMPTION O O Oi BUSINESS Continued from Page PaRe 1 1 currency sold and bought footed up lip In the time beginning the tho money brokers were ablo able to command purchases nt at from t y to 1 per cent and wore able ahle to sell nt at from to 3 per percent percent percent cent and anil on un ono one lay at 4 per por cent It Jt is s estimated that 95 per cent of the currency sold to brokers has been beon taken from strong boxes where it was placed I h by the timid persons when tho the financial flurry b began |