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Show a = et SEES aS RETEMDER TO THRONE CRISIS HAS BEEN AVERTED QUAKE IN ITALY: [ΠΝWALL{11312{8 FINANCIAL STORM HUNDREDS LEFT STREET ARE LIFTING | DEFEATS SULTAN'S FORCES IN GOTHAM BANKING CIRCLES HUNDAEDS PERISH IN NEW YORK CITY WITHOUT MEANS | John D. Rockefeller, J. Plerpont Mor gan and Otver Financiers Lend Several Villages Utterly Destroyed and the Death List Will Exceed Five Hundred. Two Hundred Taken From Bodies the Have Ruins of Powerful Financial Aid. The Knickerbocker Trust Company, tutions. “I think,” said Mr. Rockefeller, in an interview, “that the existing alarm among investors is not warranted, and the Homes of the Victims—Fioods Follow the Earthquake I hope the good common sense of the American people will control the sit- Shock. uation; Rome.—Detat!s of the earthquake in Calabria on Wednesday, just received here, show that the damage was much mere extensive than at first reported, while the death list is estimated at 600. Two hundred bolies have already been taken from the ruins. Many of the villages are stil) cut off from communication with Rome by tie floods and the destruction of the telegraph lines and roads, and no word from them can be had The first shock of the earthquake fortunately brought most of the population of the villages into the open, many succeeding In making their escape to the hilis or open places, or the Hist of fatalities would have been larger. To add to the desolation caused by the earthquake, it was rain ing in torrents, which greatly increased the suffering among the homeless people. Haif the houses at Ferruzamo and Brancaleone collapsed and many persons were buried in the ruins; and at Sinopoli and St. Nario more lives are said to have been lost. Panic pre valled everywhere. Half the houses of the village of Gerace are in ruins, and similar conditions prevail in a number of other points in Calabria. During the confusion caused by tho first earthquake tse prisoners in the 141] at Ca'azaro mutinied, and were only subdued with great difficulty. The female prisoners were particularly alarmed, screaming, shouting and beating the doors until the whole place was in a terrible uproar. The prison officials did everything possible to calm the inmates, but they broke out afresh every time another earth } shock was experienced. Think the Whole Fabric of American Credit Has Been Endangered. ‘Paris.—The “house-cleaning in Wall street” is having a sentimental rather than a practical effect here. The pa- pers are devoting much space to “the Wall street crash,” and “the slaughter of American millionaires,” and operators on the bourse are closely watching the situation. They consider that American financial conditions are sound at the base, and regard the New York crisis as being the inevitable culmination of an era of intense commercial activities and over speculation, helped along by the revelations of improper methods of finance and the position assumed by the authori ties at Washington, Some of the French bankers think President Roosevelt has gone too far and that the whole fabric of American credii has been endangered. Governor Sparks Comes to the Rescue of Financial Institutions, Goldfield, Nev.—A bank holiday throughout Nevada was declared by Governor Sparks on Thursday, to last five days. All the banks of Goldfield were closed on Thursday in conse quence. The proclamation came as a great relief to jocal banks. The State Bank & Trust company had already closed its doors. At noon Wednesday a big run was in progress at the Nye & Ormsby bank, when banking hours closed, and the run probably would have continued had the bank opened Pessimist Bslieves We Are on the Eve of a Check to Our Prosperity. Topeka, Kan.-—E. R. Ripley, presi dent of the Santa Fe, wo was here on Thursday to attend the road's an nual meeting gave out an interview in which he said: “I do not ciaim to be a@ prophet, and I do not think | am by nature a pessimist, but | am in a po sition where | cannot help seeing some thing of the conditions which exist over a considerable portion of tiis country, and it has been perfectly evi dent to me for some months past that we were on the eve of a check to our prosperity.” Utes Again Troublesome. Washington.—The tribe of Ute Indians, which more than a year ago wandered away from their reservation in Utah and created trouble in Colorado and Wyoming by threatening to take the war path and raid ranches, is reported to have again broken out on the Cheyenne river reservation in South Dakota, where the tribe was given temporary quarters. At the re- quest of the secretary of the interior the war department on Thursday dered troops from Fort Meade, 8. orD., to the scene ot the trouble. Insurance Man Convicted of Perjury. New York.—Tihe first conviction in the cases based on the disclosures in the legislative investigation of insur. ance affairs in 1905-6 was obtained by the district attorney's office herve on Thursday, when a jury in the criminal branch of the supreme court found Dr. Walter R. Gillette, former vice presi- dent, of the Mutual Life Insurance company, guilty of perjury in the third degree. The verdict was accompanied with a recommendation for mercy. The maximum penalty for this degree of perjury is tem years’ imprisonment. Tangier—On October 17, personally I have absolute faith in the future of values of our securities and the soundness of underlying conditions “Instead of withdrawing any of my money from the banks, I am co-operating with others in helping to meet that which | firmly believe to be only a temporarycrisis. Every one having the good of his country at heart should by word and deed lend a hand now to re-establish confidence, and I propose to do my part to the full extent of my resources.” ¢ J. Pierpont Morgan and James Stillman, president of the National City bank, made a cal! upon Secretary Cortelyou at the Manhattan hotel on Wednesday. Mr. Morgan declined to say anything regarding his visit to Mr. Cortelyou or to discuss the financial situation in any way A distinctly more favorable tone was évident in Wall street Wednesday afternoon, following the announcement that Secretary Cortelyou of the treasury department had made deposits of government funds in New York banks. The stock market had been holding better all day than had been expected, and the fact that the Trust company of America had withstood the rush of depositors to with draw money for four hours without difficulty was an additional encouraging factor FAILURE IN PITTSBURG. Westinghouse Electric Company in Hands of a Receiver. house company, are in the hands if a receiver apointed by Judge Ewing, of the United States circuit court. A fourth concern, the Nernst Lamp com- pany, was turned over to receivers Thursday morning. NEVADA BANK CLOSED. Was Unable to Realize on Stocks Taken as Security for a Loan. Reno, Nev—The State Bank & Trust company, with headquarters at Carson and branches at Goldfield, Tonopah, Manhattan and Blair, closed its doors Wednesday morning. The state bank examiner is kn charge. The difficulty is due to inability to realize on stocks placed as security for a $400,000 loan made by the Sullivan Trust company last year. T. B. Rickey, New York City.—The financial storm {3 all probability reached its hetght on Tuesday, when credit, the underthe-surface foundation of all business, trembled for a time, and before confi- 000; Wall street's principal securities”! had settled from $5 to $8 a share; call money had risen to 70 per cent, and local bankers, united to stem the tide of distrust, had been forced to appeal for relief to the secretary of the treasury at Washington. The Knickerbocker Trust company, the storm center, on Tuesday, paid out cash to depositors at the rate of $44,- 444 a minute for three hours, and then closed its doors. The directors had, as they thought, fully prepared for a run, and caused to be announced in Tuesday’s papers that $8,000,000 in cash was on hand to meet all eventualities. At 9:30 a few depositors withdrewtheir accounts and an hour after- wards hundreds were in line to take out their deposits at the main office at Thirty-fourth street and Fifth avenue and at the Harlem and Bronx and down-town branches. The $8,000,000 lasted until 12:30, when Vice President J. T. Brown announced that the bank had no more cash available and payments were suspended. open ney, and payments be resumed at 10:30 o'clock. The Knicker- bocker, it was announced, had ample securities to meet all demands, was perfectly solvent. and it was only a question of raising the cash, when all depositors who wished to withdraw could do so. ONE MAN TO BLAME, New York Banker Says One Man Has Undermined Credit System of the Country. New York City.—After the doors of the Knickerbocker company were closed on Tuesday, William Turnbull, the fourth vice president, said: “All the disturbance in the money market has been caused by one man, who, in the past six months, in public and private speeches, has been gradu ally undermining the credit system of the country. Last night this company tory of the world’s aeronautics, with every racing record broken, the sec ond international cup competition, which started from here on Monday last, ended on Wednesday with Germany accorded the winning laurels. The finish of the race was the closest and most exciting the followers of the sport have ever known, Another German balloon, the Dusseldorf, stands third in the race. American ; entries are fourth and fifth. Some of Raisuli’s followers have deserted him and come to Tangier. The native report of the occurrence gives as a reason for the desertions that Raisuli, in retaliation for the French interference in the steps taken to secure the release of Caid Sir Harry McLean, intends to “kill McLean by inches.” FARMERS TO GATHER IN ZION, Trans-Missouri Dry of the Alaska-Nome railway, who are without means to secure food and shelter, and the Reynolds Alaska Development company affairs have become s® complicated that it ts expect- ed half the town will have to pass through the hands of a receiver. Goes on Rocks Off Coast of Scotlane and Entire Crew is Drowned, steamer Al fred Kriandsen has been wrecked ou about by one man, and that a man who knew nothing whatever about credit systems,” One of the reporters asked Mr Turnbull whether he was referring ἰς n e-tly oe ? ‘o° r r we'l whom ul | “Ther me to spenfy.” President Announces Determination to Persevere in Present Course. Nashville, Tenn.—President Roose. velt, in nis address at the Auditorium, on Tuesday, said: “There has been trouble in the stock market, in the high financial world, during the past tew months. The statement has frequently been made that the policies for which I stand, legislative and executive, are responsible for that trouble. Now, these pol icies of mine can be summed up in one brief sentence, They represent the effort to punish successful dishonesty, I doubt if these policies have had any material effect in bringing about the present trouble, but if they gave it will not alter in theslightest degree my determination that for {Πε remaining sixteen moaths of my term these policies: shal) be preserved in unswervingly.” Francisco ‘Banke Are In Good Condition. ed as excellent. No failure has ox curred on ‘change, and none is antic ipated. The movement of crops is in active progress, and as a consequence the volume of money in circulation has been increased by withdrawals from the banks during the last thirty days. Tue shortage of cars has de layed deliveries and the return of money to the banks, therefore, will be slow. However, the supply of money is ample for all purposes. HEALTH GUARD ORGANIZED. Canadians Fear Bubonic Plague, Which Has Appeared at Seattle. Ottawa, Ont.—Dr. Montizambert, di. rector general of the public health, has been instructed by Sydney Fisher to leave for the Pacific coast and direct arrangements for the sanitary protec- tion of the Dominion against the bubonic plague, which is said to have A lifeboat whick The Erlandsen was driven on rocks early Friday evening. thu Her posi tion prevented establishment of com munication with her and before life boat from Dunbar could reach her the steamer broke up and apparently all her crew were drowned. Several bodies were washed ashore later. SCHWAB PLEASES CALIFORNIANS Capitalist Declares He Still Has Faith in San Francisco. San Francisco.—Charles M. Schwab addressed a meeting of the most influential men in San Francisco at noon Saturday in the board room Merchants’ Exchange. His of the subjecu was “San Francisco’s Industrial Situ ation and Her Commercial Future.” The most important of the direct stateznents made by Mr. Schwab was that, after looking the ground over ‘warefully, he has decided not only to continue the Union iron works, but to modernize that ship building and siructural plant at a cost of $1,000,000 or more, and enlarge its capacity of output. This announcement threw his audience into a turmoil of hand-clapping and cheers. suspicion, the clearing house investi. gation having established their sol 1906 Over Preceding Year. Washington.—George E. Roberts, who retired from the position of director of the mint on August 1, 1907, fas completed a compilation of the United States during the calendar year 1906 to have been $94,373,800, as against $88,190,700 for the calendar year 1905, a net gain in 1906 of $6,193,100. The principal gain was in Alaska, which amounted to $6,439,500. Nevada's gain in gold was $3,919,500, Oregon, $75,200, Tennessee $22,300, Arizona $55,800, and Virginia $5,300. The greatest loss of gold in any state was in Colorado, where there was a decrease of $2,766,700. The next largest loss was in Montana, $367,900. California lost $364,200; Washington, $267,000; Idaho, $300,000, and Wyo- ming, $18,000. The total number of fine ounces of gold produced was 4,- 565,330. The total production of silver in the United States during the calendar year 1906 is given as 56,517,900 ounces of the commercial value of $38,256,400, as against 56,101,600 fine ounces of the commercial value of $34,221,976 in 1905. The net gain in the production of silver during the calendar year 1906 in Arizona was 363.500 ounces; California, 435,500; Idaho, as compared with the year previous, is the feature of the annual report of Pension Commissioner Warner, just issued. This is the greatest decrease in the history of the pension bureau. The total number of pensioners June 80, 1901, was 967,371, and the total value of the pension roll at that date was $140,850,880. This is greater by $4.613,131 over the value of the roll for the year previous. . Convicted of Land Frauds. Washington.—The supreme court of the United States has denied the petition for certiorari to bring before it the case of George G. Ware, convicted of complicity in land frauds in Nebraska, and sentenced to one year in prison and to pay a $1,000 fine. Ware is alleged to have induced one Mc- Kibben to make entry on 160 acres of land on the U. B. 1. cattle ranch in Nebraska and to have furnished the finances for the undertaking under an A agreement whereby he was to pasture health guard has already been or his cattle on the land until title was ganized and port and frontier inspect ors have been appointed by telegraph, ) obtained from the government. made its appearance at Seattle CONSUMPTION OF MEAT. Has Declined in the United States in Last Seventy Years. Washingten.—A capital of $10,625,000,000 is directly concerned in the raising of meat animals and their slaughtering and packing, according to a report on meat supply issued by the department of vency. It is belfeved that this action wil prevent any crisis ir New York bank ing circles. RECEIVER FOR STANDARD OIL. Chicagoan Wants Affairs of Company Looked Into by Courts. Chicago.—George F, Harding of this city on Saturday filed a bill in the superior court asking for the appoint- ment of a receiver for the Standard Oil company of New Jersey and the Corn Products company of New Jersey. Mr. Harding says in his bill that he is the owner of 500 shares of the capital stock of the Corn Products» company, and that its management is practically controlled by the Standara Oil company. Charges are made that the Standard Oi] company, with certain individuals, conspired to wreck the Corn Products Ipany, capitalized at $80,000,000, 8 r this purpose formed a pool, or t unlawfuly regulating and fixing and controlling the price of glucose, grape sugar and corn starch. Harding charges that thirty-eight factories were joined in this pool by conspirators. agriculture. the so-called CREDIT GIVEN TAFT. 710,600; Policy Adopted by Him Proper Method for the Philippines. Manila—There was an enthusiastic demonstration for Secretary Taft at a banquet given in his honor Saturday night by William Morgan Shuster, a member of the Philippine commission. Leading representatives of callings and nationalities were present. The speakers included Senor Osmena, the newly elected speaker of the assem- bly, and Governor General Smith. General Smith confessed in his remarks This that he was one of those who haa amount is five-sixths as large as all the capital invested in manufacturing doubted the wisdom of the policy Im in 1904. The stock of meat animals augurated by Secretary Taft eight has increased since 1846, but has not years ago, but he now realized that kept pace with the increased popula- this had been the only method to bring tien. The report adds: “That meat the two people to a common ground. consumption per capita has declined He said that if one were to judge the in this country since 1840 is plainly future by the past, the success of Mr. indicated.” Taft’s policy would be unbounded. Auto Struck Troiley Pole. Pontiac, Mich.—In an automobile accident here Harry Wood, aged 40, was killed and Karl BE. Smith, an automobile tester for a local factory, had his right arm broken. Smith was driving home when Wood and three other men asked for a ride. Smith took the men into his machine. While running about forty miles an hour the automobile began skidding and Wood, pnaccustomed to riding in a machine, became frightened and grabbed the controller, swerving the machine inte Old Veterans Dropping Off. in the number of pensioners on the | rolls at the end of the fiscal year 1907, the the increase in Output of Yellow Metal In the ditch, where it hit a trolley pole. Washington.—The decrease of 18,600 The assurance was given by clearing house committee that of the banks which have been under spent the night looking for the survivors had a narrow escape, being fre quently swept by heavy seas. brought think necessary.’ GOLD AND SILVER OUTPUT. crew were drowned. This was ing house committee has decided to render them such assistance to mer their deposits as» the “ΗΜ may ly all the New England states, Wisconsin, Iowa, Nebraska, Maryland, Georgia and Louisiana in the south. were destroyed. near has examined the several banks of the association that have been undercriticism and find them solvent, The clear- Heinze, Morse and Thomas interests dence of its patrons and its credit the rocks of Castle Point manager of the Clearing House association, on behalf of the association, gave out the following statement: “A committee of the clearing house had been eliminated from the banking organizations of New York City ana in the light of this fact the clearing house association announced its readiness to lend all necessary aid to any tories of the United States for the DANISH STEAMER WRECKED. with the directors of the bank and the two boards were in session for abou four hours. Later William H. Sherer, It has developed that Reynolds had ealendar year, 1906. Mr. Roberts estimates the production of gold in the Burbank of California and H. W. Campbell of Nebraska. A number of experts who have made a life work of the study of the soil and the climatic conditions of the arid west will deliver addresses. ttme Wiliam Skinner and Gerish H. Milliken were elected additional vice presidents, Gerish Milliken being added to the board of directors. branch offices in New York, practica)- being aroused in the Trans-Missouri dry farming congress, which is to be held in Salt Lake from January 23 to 25. The committees are at work making arrangements for the entertainment of the delegates and visitors at the congress and arranging the program. At the dry farming congress there will be delegates from fourteen states, two territories and al] of the northwestern Canadian provinces. Among the distinguished guests at the congress will be Secretary Wilson of the department of agriculture, Luther London.—The Danish cations have so thickened that there is danger of a riot and the destruction or groperty. No money has been received at Valdez to pay off the 600 employees statistics on production of gold and silver in the various states and terri- gress to be Held in January. dent of the bank to succed F. Augustus Heinze, resigned. At the same The clearing house committee met Seattle, Wash—Cable adyices re ceived here from Valdez by local Alaskans are to the effect that instead of the situation due to the failure of the Roynolds bank being cleared, compli- Con- Farming Salt Lake Cit}.—Interest is of the Town Are on the Verge of Financial Collapse. Are Eliminated and institutions Are Declared to be Sound. New York.—At a special meeting of the board of directors of the Mercantile National bank Sunday afternoon Beth M. Milliken was elected presi- Working bilities, and in one night the confi- San Francisco.—Baxuking and finan cial conditions in this city are report remarkable balloon contest in the his- tion of a holy war, to which he is unalterably opposed. the in Montana was 914,400 ounces, and fn Colorado 495,400 ounces Berlin.—The libel. action brought by General Count Kune von Moltke against Maximilian Harden, editor of —Proclaimed as the most which are demanding the proclama- Off Men, and Naif the Business Men St San St. Louis troops and captured several pieces of modern field artillery, together with Caid Bushta Bagdani, commander-in- No Money to Pay Abb’s Head, Scotland. She went ashore during a gale, and all of her had assets way in excess in of its Ha WILL NOT CHANGE HIS POLICY. Race. Alaska, Threatens to be Productive of Trouble. and Utah, 1,188,200. The loss in the production of silver during the year Secrets of German Imperial Court Expected to be Uncovered. Balloon of Mulai Rachid, defeated the sultan's viting certain foreigners who have gone to Mazagan to return to Morocco City and resume their business there, and ordering his representatives to furnish them with everythinz necessary to enable them to make the return trip to the capital of the south. Hafig is showing a strong hand in controlling certain Moorish sects SHOOTS FORMER JUDGE. Germany “Wins According to reports just received from Mazagan, eight regiments of the Pretender’s troops, under command of all foreigners at Morocco City, in- is ne need weeily, aad long an organ of extreme radical opinions, began here on Wednesday before Justice Kern, The public awaited the trial with extraordinary interest, because it was believed that many secrets of the imperial court would be drawn from the dis tinguisied persons summoned to the trial, some of whom are members of the imperial entourage. is enced here in a generation; a stock exchange firm had failed for $6,000, liabilities. Die Zukunft, a free lance polemical triumph fect that he guarantees the protection mean Laramie, Wyo.—William Lepher,for thirty years a resident of this city, on Wednesday afternoon shot ana serjously wounded C. W. Bramel, an attorney and former judge of the district court, a moment later killing himself by sending a bullet into his brain Hramel has three bullet holes through his face, both jaws are broken, and his organs of speech are affected, but his physicians believe he will recover Lepher some months ago lost a suit in the courts of this state, some prop erty he owned having been sold under mortgage. He went to Bramel’s office, evidently in an effort to get him to bring suit for the recovery of the property, the shooting following. victorious, arfd the pressure of the biggest run expert- bank assets are thought to exceed the Old Resident of Wyoming Central Fig. ures in Tragedy. ingly of great importance, as strengthening sentiment in favor of Mulai Hafig. chief of all Abdel Aziz's forces. Hafig has issued a notice to the ef- dence had been restored New York's Pre ident Roosevelt. depositors will lose a cent. throne and known as the sultan of the south, The latter was overwhelm- second largest financial institution had emptied its cash vaults under the president of the bank, ts one of the wealthiest men in the state, and the No fear is entertained that The Reynolds Failure at Valdez, Aziz and Malai Hafiz, pretender to the Depositors Make Demand for Their Money and Second Largest Finan cial Institution in Gothem Goes to the Wall. Westinghouse Machine company, and the Security Investment company, a holding company for the Westing- ‘the Heinze, Morse and Thomas interests first battle between forces of Abdel Mr. Brown said that the bank would Pittsburg.—A flurry in local finan cial circles, caused by the embarrassment of four concerns of the Westing house interests, was quickly ended here on Wednesday by the prompt action of the Pittsburg Clearing House association and the Pittsburg stock exchange. The Westinghouse Electric Manufacturing company, the between Shawta and Mequinez, occurred a number of New York financial insti Been FRENCHMEN NERVOUS. With $66,000,000 Profits, Forced to Close Its Doors. New York.—John D. Rockefeller has taken an active interest in the present financial <ituation, and he has arranged to loan very ‘arge sums to War in Far East Seems to be Going Against Sultan Abdel Aziz, Who May Lose His Throne. Lifer Tries to Commit Suicide. Salt Lake City.—Yielding to despair after serving ten years of a life sentence, John Douglas, a convicted murderer in the state penitentiary, almost succeeded in ending his life by stabbing himself, and is now in a serious condition in the prison hospital. Douglas was an Ogden blacksmith. Ten years ago he killed his wife, and was sent to the peniteniary for life. He was given work in he prison blacksmiah shop. Should Douglas recover, he will be a cripple for life. Cost of Peace Conference. The Hague.—Now that the international peace conference has closed it is interesting to study some of the figures which have been prepared on the cost of the four months’ session. The general expenses of all the delegates is estimated at $2,970,000, of which $523,000 was spent to pay the cost of 317 dinners. The amount spent by the various delegations, the press associations and individual newspapers for telegraphic tolls amounted to $225,072. More than a million words of press matter concerning the confer- ence were sent out. Trouble Over a Transfer. San Francisco—As a result of troudle over a transfer slip J. Small, Polk Low Wants a Million. for- mer president of the Commercial Telegraphers’ union, was hissed and jeered by 600 members of the Chicago loeal union before whom he appeared Sunday afternoon in an effort to justify his action in seeking to end the strike. Nearly a third of thise pres. ent left the Eall after shouting insults at their deposed leader. When order had been restored, action was taken increasing the assessment npon leased wire operators for the benefit of the strikers. a other so seriously wounded that death will probably ensue, and two other men less severely injured. The slain man was Otto Moss, aged 34 years, a hod-carrier by occupation. Otto P. Enerwein was shot through the neck ana left eye, and will probably die, John Monger, a hod-carrier, was shot through the left hand. Hisses For President Small. Chicago.—Sylvester on street car of the United Railroads system, one man was shot and killed, an- Washington.—Seth Low of New York, the treasurer of the industrial peace foundation, has reported to Secretary of Commerce and Labor Straus that contributions are being received to the foundation. Secretary Straus says the trustees hope that this fund will be increased by contributions from laborers as well as from.capitalists. The fund is about $40,000, and it is hoped by the foundation that it will grow to at least $1,009,000, as the interest on this amount will be required to carry out the purposes of the foundation. |
