Show SUN SHINES AGAIN OVER WALL LL STREET J I Reaction Continues With Man Many Agencies Operating to Restore Restore Restore Re Re- store Confidence FOREIGN GOLD WILL HELP All Savings Banks Pres Presidents dents Adopt the Sixty-Day Sixty p. p Rule Washington u l. Oct Ocl 2 Thc TIit The Pic II hits has Jm pi l Mr h V. V OIl and nil all I tho o lao IIo helped him to 10 get Cl Ilie Xe XI York ii financial I en iti I lou u under Hillier i nier eon con In 1 Jl it to let ma e ilia H e Ids Iii vie ie 1110 IL Ii the lb President JI hu- hu sent the lI lie fol- fol rol-I rol Jo 0 ill iIi to Mr Ui oil JU White I llou-e llou I on-c. on Wa I 1 C. C Oct Ocl 26 G. G I My 1 ry Dear Mr Mi J J I congratulate con 1 ou upon the u admirable HI way in IlL which jou on Oll ha e e handled the thc I J. II I congratulate al ill alo o e tho-e conservative con coLt LOIl 1 i L ami bu men I lio ho i in ill lids crl ls 1 have Inie acted with ucla Mich t und spirit Uy Br th their I I action they the did Invaluable tile ll ec In III checking the IhL hid I iK aa a a- V r a n matter of uC t a IIII- Ing lo to Il the and C l Ht ary om to III tJi till the conduct of ur le Ic Xo u one vho considers calmly calm 1 ly Ir can tJI question thai hULL lI Y S condition hid t mall vp up VIII our 1 II I I and our 11 well cli bolus IrL l' l 1 0 and hUIl honest t. t. t t l t dealin and speculative plC I tI c t U are ml II the oeta Incident of ur our IIII i ireal cly it ol z I rent real pro peril j. j The fill action I In h. OIL Ull and b b by tJi till the hn bushier inc men In III S f tion lias been of ur the lie t t and lu lu- lu x opportunity for CUI the et calm lalm I in c I IC ii n h id LI I I IRl hi Iii bI i c ur llIn nJ I oui OUIe I w HjO J n Ili J n r In log s sHouse House W u r allon lI luli ll o c allu hou c s oit jc lor ur or the theof tt- tt t I Ut ment of de debit it balance by the bunks unk e s believe that lh the t nu steps have ha bom taken to vet restore con con- conI I ti In t circles tu to their wonted calm The i Ue of or c will vIlI r l' l for general circulation a n large um of or currency and the lie scarcity of money I 1 Is now no the tile only cloud clou that lingers lingers lin lin- gers on the horizon Of scarcely le less s Importance a as ai LendIng lending lend Lend- ing to restore was the Intro Intro- un of or a U n resolution In the Clearing for 01 the rc- rc ll Ho c association providing ad mission lon of or ti trust ut companies to membership mem mem- b l. l hll in the a association This will place IllaCe till tile trust companies under the thc restrictive rule rule- of the tile clearing house hOUle enabling It to keep a U. close watch on about the uch s-uch conditions aa s brought situation of last week eek 01 1 I J Europe of ur the ear early earty arrival al I of crt gold gohl imports from rom Europe further improved etl the thc f situation today There There- ia is a balance u of In QUI our favor 01 favorin f in the tho trading In between Europe and tho the United States Late and und an influx of the yellow metal l from IrvIn Eu olo at this time will serve el Ii to tu hasten the return to normal nor nol mal conditions In 10 the LIlO financial 1 world h h. h Co of or 3 William today announced that thi tho Soil gold Imports 1 I In III amount pt will arrive c here on Wednesday Wednes Wednes- i sf day a With all theSe agencies operating to ton n confidence the thc reaction which s ut In on Friday Frida continued unabated t un und and the sun LUm be began n to shine in inWall Wall VaIl n street again a E Except pt for Cor the suspension sus ius- pension of oC the tile Terminal bank ank In Brooklyn In a fl small nahi oH Jenkins institution whose closing ha had no effect on the situation sit sit- tt- tt U Cr every report that went out on over r I Ithe I the tho ticker was favorable Ca The rhe stock l market arl et continued firm and antI money moue was comi comparatively ca easy Will HL Monday The rue Trust rust Company Compan of or America the tiLe Lincoln Trust and antI other ther Institutions I which were vere Imperiled by runs announced announced an an- allI I today toda that the they would resume business Monday In capital shape to tonet I would bo be made demands that meet net all any upon them It is understood that for Cor the reason that Europe might get th the ld Idea a that In Now ew York con conditions are arc worse than thc they really are alC J. J P. P Morgan lol and antl association with willi bankers el in friendly b. b a him him opposed tho the isue of or clearing clearinghouse house certificates but gave Save way to the had been majority titter after the mutter thoroughly threshed out A committee hea headed b by Vice President Prel- Prel National dent ilet Cannon of ot the Fourth the tile details de cIe- le- le appointed to arrange e bank was vas tails tall for Cor the Issue ue Banks flanks will be permitted per per- 4 to avail th themselves es of ur the certificates to lo the Ille amount of oC 75 per cent of oC their debit bal balances The linal act of th the meeting of ur the Clearing ClearIng- Hou House w a association was teli teh Secretary Secretary Sec See adoption of or a resolution u rotary of or th time the Treasury and J J. J P. P Morgan for their services during tho tIit crisis What lutt SiU tl tile The regular weekly I statement Issued today tOllay that the surplus tullus which tha thO banks had ut at the tile close of last latt wech I wa waw entirely out b by the thc and that a 11 deficit of or 1 vas vaL created Instead A surprising feature the tho Increase c ol was 1 of or the statement loans louns of or iOU It hud had b been en expected ex cx- r that the enormous liquidation would IHl have IHle e reached during durin the week cek a u considerable COlli Increase e In Imi this tillS time in inWall were clearing While hUe the skies kles Wall Wail all street frightened depositors In 10 Inthe Inthe the Mechanics an and Traders National National Broadway with 1 1 12 bank No o. o 3 branches In 10 Manhattan and anti Brooklyn Trust company ul ut In ILL the sheets made a ad Broadway and sLid Eighth andt Institutions and the two tv d l c lIt upon there WOVe were lively withdrawals for tor some t i Z C Continued ll on Olt The c C. I L. L SUN SHINES AGAIN N AGA OVER WALL STREET Continued from Pace Pac e One Oue t time All 11 demands deman s were were- met by the tw two tw concerns however howe In a 0 run on OH the Northern Bank flank of Fourth and New York C- C streets there ther was so much disorder that tho the police had to be called 1 Sixty Day Effective c. I The Broadway Trust company adopted a rule that those who were withdrawing fun funds s to pa pay off should havo have the first call can today General approval was given cn to ac action action nc- nc tion lion or of the presidents of the savings I banks hanks all of whom today put Into ef effect of- of the tho rule which compels tho the filing notice of intention to t C of or CO GO days days' an nn withdraw funds 1 i n c. EGIl OI 5 Soci cs Nothing in Wall VIl Su Sum ret i Flurry S X New ew W York Oct In C-In In a n keen Imn analysis of or th the financial and industrial Industrial Indus Indus- trial trial situation Andrew Androv Carnegie today described tho events of ot the past few re days as a clearing house hous cyclone and ho declared that thai the flurry lurr will roon coon be over o and antl recovery recover will be rapid because of or tho the immense r re resources ru- ru sour sources es of tho the country and anel warmly up upheld President Roosevelt's policy as essential to tho the protection of or the peo cO- cO pie Tho President ho bo said stands h l today day where he has stood tood for years ears and anti where hero It 1 is to he be hoped he will 1 stand until our laws lawA protect hone honest t dishonest officials and tor from rein their Swindling s schemer schema Mr i. Carne Carnegie le insisted emphatically that the tho welfare of ot the country required re re- re- re 0 d the election of or President noose noose- el the President ha has that force Mr lr truly conservative conservative- b ben en a a. Carnegie lo predicted a n new period of or result of business expansion as the the tl-o federal plans to prevent investors estors 1 from being bein swindled attracting new volumes of foreign capital Mr tr rr Carnegie as h he came camo up the bay Star SLat liner Baltic said aid In tho the White hite Its It's All uI Quito Natural I Nothing unusual or un unexpected has oC On the iho contrary a fall in was due two vo years rears ago or more prices small this anti ami it has hns been surprisingly hear benr the to delighted clell weel cek I am um this morningTo morning good SOfia news tho unthinking the of or To somo some of or the truly tul conser conservative conser alive resolve r to enforce the salu- salu cabinet and lent dent the abuse fI of if their laws u against tary certain trusts is only onla a de- de delco device by h powers intrigues ues o political vice to serve sm-o this The President has haa been heen urging y to today toda to to- He lie stands for years reform vital then and where where ho did da day JUst st will sIll stand bland until he be he hoped is to ii IL honest investors from rom laws la protect our swindling dishonest dishonest t officials and their Its course conr e. e will soon Boon run panic This Jea- Jea have hav and pass away leay- leay OB as a others impediment lo to the return In I lug III ng no another period of reason of duo tine of our re- re whole wholesome expansion sources Pro n. r OMit Stop SOP tO authorities IeS Ie'S have financial The Tho but wisely And the acted boldly blow over O flurry will soon oon rapid progress of tho the can can prevent ent She Sho Is Js all right anti and tho the republic nil all competitors in inthe bound to distance the tho rac race had so great groat an ad- ad advance have 0 never We Va since the tho war or t J vance In prices continued That till thiS o 50 long lOllS rise Q 0 must roust have hlO on en undue expansion f all students of p political HUcal economy cono ny know The wisest wh est ex expected peeLed it before it came cam last year Only 0 nl tho the repented repeated extraordinary dinan crops postponed it All 11 this flurry Clurn of ot a R day clay ta the excited actors ill shortly be he talking of nf as a 0 reminiscence and wondering wh why the they didn't see how hov fleeting It was vas to ho bo and antl resolving ln that the they will not be bo carried away again with th the rush ru of wild lid prices prIce when the sky is so clear Action anti ami But oven even of those In trouble today tOda did dIel act more conservatively cl next time there would be a crowd of moro or orless orless less c. c experienced speculators to repeat the old folly It seems probable that wo we arc are togo to togo togo go through h a period of or contraction Extraordinary crops may p postpone It I again but come como this tills contraction will sooner or later Inter as certain as ns the tile titles tides rl rise and antl falL faiL The rhe contraction will willbe willbe be he and mu must mut t t he be In strict proportion to the f expansion I S rH TO io Clearing House uc A Pay Par db ute tile lIt to ills nl Abilities New Ness York Oct OcL The Th The CI Clearing HOU house C association at its meeting ng to today today today to- to day adopted the following preamble and resolution offered by J. J Edward Simmons president of ot the Fourth National National Na Xa- bank bani and seconded by IW Jam James 5 Stillman president of nr the Na National Hont 1 City Cily bank bank- has JUl Whereas Secretary paid us u. u th compliment of ot personally Jcl coming to this eft city arid antI actively cooperating co o operating with the clearing clarin house authorities au an- 11 1 In meeting the th 19 condition con eon In business affairs now existing and Whereas he ho has ha rendered material aid aM not only with tho ro resources of or his great gnat office omee hut but with his q personal counsel now therefore be it Resolved that we testify our om ap- ap of cit Ir I the tho services rendered by Secretary Cortelyon and Indorse Indor c and ani commend in tho the highest terms lerm his splendid abilities and the tho dignified dI and ant busi businesslike nessi Ike ai administration ml of h his hie Ic great office omco Thanks were also extended to J. J P r. Morgan n for his prompt aid In a 0 reso lution At LL AUg SANG S. Fu lc orts Prom Every II Corner of or Iho Continent New W York Oct Ocl In G.-In In response t to queries made male to them b by The Republican Re nc- publican correspondent asking the condition of or business in their localities presidents of nr chambers of oC commerce L' and bankers are tiro replying from all parts of or the country d declaring clarIn the financial situation In their districts t tu tn u absolutely sound Not ol only are thc they unanimous in asserting assorting as S sorting that thal their institutions have ha not nou been affected by br the Hurry flurry flurr In NewYork New Sew NewYork York hut but the they ulso sa say that business la Is good anti and that great Teal prosperity will Continue Their telegrams received recel today toda follow Collow Ve 1 e 1 Alv a s t Milwaukee ee Wl Oct OcL G l lI I conditions in the entire Northwest t I never were better Western can enn be said ald to bo be free r from debt am and Increase In- In In Increase every Western bank hank shows a I into crease Cleat G In deposits It put Industries and enterprises In a word I Western money mone l is r remaining at home I A glance at nt tho the deposits IlM of or I conI con con- sIn aln ota i ta and Kansas demonstrates demonstrates demon demon- I I strates the truth lruth of or what I Fa say I 1 behove be- be hove that Hurries flurries everywhere e are OI O over OT T I and that confidence everywhere c soon soon Will be he restored tn Rut nut the Y West Weft t new never ost t confidence conf IJ Ii D. D JOHNSON JOll SOX Pr President Chamber of or Commerce p Iun a a City it not 1111 Cit City Mo Io Oc Oct Our t Our u ens- i are arc getting all the iho money mone th- th need and we ve have nc nothing to lo b be f ard J about O. O V V. DODGE I Io President Commercial Club The West Ye t has tho the goods to lo del deland delv I v and that's the th same as l cash ca h. h i I T T. T T. X Pre President of or the tho Board of or Trade Cincinnati I i I. I Is' Is Cincinnati Oct 26 The G-The Tho financial condition of Cincinnati Is a as solid as UI Gibraltar The present situation is I going goin to pas pare over o quickly The Tho crisis Is over oyer W. W Yo A A. Bg ETT President Chamber Chambrot of Commerce Money ron Plentiful at nl St. St mi St. St Louis Oct Money Money ione is more plentiful in St. St Louis than It was WaIl nt at t this time lime last year ear arid and financial conditions conditions con con- were never U better bettel CHARLES II President Third National Dank Bank Didn't Touch Iowa Town Des Moines tolne la Ta Oct 20 rhe fhe The flurry Hurry in Wall Vall strict street will not nol have ha nn any effect in Iowa Banks s are In good condition The Tho farmers farmers farmers farm farm- and have havo plenty of or mon ers have good deposits and much of or orthe the money moner In III tho hue banks is loaned In the tho West est and is 18 not affected by h by the tue troubles on tho ho street STATE ST AUDITOR CARROLL v Orleans in no tin Jl Trouble Now New w Orleans Oct 25 Tho i Tho banks I and anti trust companies of or this thi city are I solid and sound antI and cure are in no manner affected b by the conditions pr prevailing In New York TorI none of oC th the failed banks s sor correspond- correspond or trust companies having ha ont cults hC here fl All Ic legitimate enterprises n have ha been heen con conservatively cr and onel ado ade adequately served Retailers and Jobbers 1 J report good hu business and anti fair fall collections I lions Ions and there arc are no fears of any trouble In any |