Newspapers / The Charlotte Observer (Charlotte, … / Nov. 6, 1907, edition 1 / Page 1
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GUESCIIIPTION PRICE: . $3.00 A YEAR,. CHARLOTTE, IT. C, WEDNESDAY MORNING, NOVEMBER C,"1C07. PRICE 1TVE C A .YIC10HYJF0K TAMMANY IIILYRST AND FUSION REBUFFED u:TicIcnt!y Complete .Returns Show the Snowing Inder d: the Republi can and Independence League Tick ' rtn In New York Couiry and the ltlumph of the Straight Demo cratic Tieket Thomas F. FoJy ( " lected Sheriff of Kew York Coua 1 s y by a Good Majority The ITlec- V .tlon Unusually Quiet and the Vote J.lfiht A Slight v Change In the , Make-Up of the General Assembly Parsons Makes a Statement. ' New. York, Nov.; . 5. Sufficiently complete returns to mako certain the ultimata results show that Republl can nd Independence League fusion in New York county was defeated to day by a Btralght Democratic ticket, that the Independence League ticket 'for associate Justices of the Court of - Appeals was overwhelmingly beaten (by the Identical ticket. "of the Repub licans and Democrats; and that there will be a alight change in the make :v up of the State Assembly. , V : In New; York City the Independence League Court of Appeals ticket, was ' defeated four to one and the League i . yote up-State was light. , . - j . ? ' " In the city Interest centred In the ' . county fight, in which the Republican .. and Independence League forces op- . posed the Tammany ticket James W. Gerard was elected ;to the. 6u ? ; preme Court. -with ' wide : margin ' "oyer M. Lmn Bruce. Thomas F. Fo ' " ley defeated 'for the sheriffs office the fusion' candidate, Maximilian Ihmsen, who Is also prominent inthe . . Independence1 League, Early returns gave Foley a bier lead,' but this later ' was scaled ' down until 700 of the 833 . precincts, in the county - showed ' a margin for the Democratic candidate . of 85,000. . THE BARTLETTS ELECTED. . -Edward T. Bartlett '"knd- Willard Bartlett nominated by both Republi can and Democratic parties, were . elected to the Court of Appeals, over " Reuben R. Lyon, of Bath, a -. former ' Bryan Democrat, and John-T. Mc Donough, of Albany, a former Re publican, both of whom were noml v'nated by the Independence League. ' Tha election ' wai unusually quiet j end the vote light There was a considerable number of arrests for 11- legal voting. - '- j.v'i'.vV y Chairman Herbert -Parsonef ol the New York Republican county- com mittee, who brought about the fusion with the Independence League, , said ; Ifcte to-night that he Cbelleved Ithat , several Republican Assemblymen had y been chosen. : Without fusion, ite said the results Would have been even less favorable. ' RETURN'S FROM : ALL SECTIONS. - The Elections Passed in Comparative . .r vutet a wemocrnuc : . uovernor Practically Certain In New Jersey Mayor Torn Johnson Defeats Bur. ton Republican Justice Elected In - Nebraska Other Results. ' jNew York, ' Nov." 5. The elections - tnrougnout the country, passed off in ' (comparative quiet to-day.- ... -1 The returns from all sections un, to ft late hour to-night gave the follow- 5ng results: V- !?"" ' - " ' , , In Massachusetts Governor Guild, Republican, has an estimated plural- Ity of about 100.000, and Is elected! " Jttls plurality In 1904 was 80,233. ' In New s Jersey the returns on Gov " ernor are coming slowly, but a report , from the State capital Indicate that SOatxenbach, Democratic candidate for : Governor, may have a'plurallty of - - -lo.ooo., in 1904 etokes, tne Kepubii ., ' can candidate for Governor, lhad a prurallty of 31,000. In Pennsylvania Sheata. who leads the Republican 'ticket for State Treasurer, is elected by a large majority, estimated at 175, ... 000.... In 1908 the plurality of Stuart, Was 43,235. , in itew xora oiaie auwaru ori Jett and Willard Bartlett, who' ran f Jointly on the Republican and Demo cratic ticket, are elected as judges of jthe Court of Appeals, over candidates of the Independence League. t , un ,ewf xorK uiy me iammany-i t candidates' re leading those of tne Independence League by large majori ties. ; , , , - All 'CO ' craUo candidate for Governor, ismak - ' lng gains, bat the race is close. In 1906 HiKB-ins had a plurality of 1,318, In Maryland tne county returns tn , dlcate that , ex-Governor Smith wins In the Democratic senawnai prima ' rles. Conservative estimates 'based on ' '"very meagre Information, Indicate ' that Xrothers, Democrat, for Gover nor, will carry the State and ityby from 6,000 to 8,000. . - In Kentucky Wilson (Republican) can- 'flldnle for- uovernoc is hi.ikhib sbiub, but there is doubt as to his overcoming Die 'Democratic majority of 1SK8. - In . Mississippi the election of. Noel, Dimocratlc candidate for Governor, is -, assured, as h has no oppcsltlop, , At a late hour the re-eldotionf of Tom I Johnson, Democrat, was conceded by the Republicans, over Theodore Burton, jwpuim;ttu, iur majrvt. 1 At BM Lake City the American or an-tl-Mormon party,, is loading, ' " . Brewtr Democrat) whs elected mayor "' of 01en, Utah, by 176 plurality. The ' Republlcaos carried the' other city Cflices. ' ' At Toledo Mayor Whltelock Independ ent) Is re-elected. , I In Nebraska, M. B. Reese, Republican -' eandndate for th Supreme Court, tne i wat Important State of lice vottd on, . '-,is undoubtedly elected. i 1 Cincinnati elects Col. "Ieopold- Mark . 'trejt, the Republican eandWute for may- Meagre returns front San Francisco Show Taylor, Democratic and Good Gov . ernmcnt candidate for. mayor,, - leading with the I'ttion Labor candidate showlug unexpected strength. - ,' , - BOTJRKE COCIvRVX PULLED. . ' The Congressman Is Arrested by ft . Policeman In Ua Ilcllcf That lie Wto Attempting Fraudulent Vote, New York, Nov.' 8. Congressman W. Bour ke Cockran was arrested on ' charge of Illegal-voting this after noon av a polling place in Third avc nue. The policeman who made the . , arrest said he could not verify the ad . dress riven hr. Mrf riwitmn nt tin (East Seventeenth ; street, from which . , address Mr. Cockran had registered. Tha Congressman was taken to the police station and thenfe to a police 'j court -.'V j?- Mr. Cockran is grand sachem of Tammany Hall. A servant at the ""j:a,3t-Eevcfiteentn street' hotJso"had sworn that no one nametl Bourke Cocltran lived there and Magistrate Cornell Issued the warrant while un der the impression that some : one wag trying to vote in the Congress man's name. ..When Mr, Cockran was arraigned in court, one of State Attorney General Jackson's assistants denounced the arrest as an outraga and Mr. iockran was promptly, dis charged. Mr. Cockran said the East Seventeenth street house was his resi dence before be went to Congress and that he had never forfeited his right to vote from that address. ROOSEVELT ' CASTS 5 HIS BALLOT. The President Puts In Ills Little Vote ; . at Oyster,Bay and" Hurries Back to the National CapttaL K ! Washington, ' 'Nov. v 5. President Roosevelt cast ballot No. 84 at 9:55 o'clock i this morning at "Oyster Bay, N. Y" thus 'registering his choke '-as to two associate justices of the Court of, Appeals, a. justice of the Supreme Court ofUhe State, member of the AssemblyT"county officers and several proposed amendments ' to the' State constitution. For the Pr?sldent -to exercise the elective franchise ne cessitated 18 hours and 225 miles of railroad travel, and four minutes In the voting booth. ' " The trip which was, without. inci dent 'eve for the cheering crowds at Jersey City and Long Island City, and the welcome home of the villagers of Oyster. ' Bay. - afforded, the t Presi dent opportunity . to - confer at length . with 5 ; Secretary', t Cor telyou on the financial situation and to review Tne' incidents of the- recent Louisiana oear hunt with D-. Alexan der Lambert, during the trip on the tug Lancaster -from 3 the Jersey- ter minal to Long Islasd City. ' -Secretary Cortelyou was with the President from Washington to Jersey City and joined the party again from Mineola tor New, York - where ' he re mained to make a brief Inspection of financial' affairs there. - v - The i "President smilingly ack nowledged the cheers of the crowds at Jersey City and Long Island City, and was most cordial tn his personal greetings to his Oyster Bay neighbors, who met him en masse at the station. While the handshaking was in prog- reita a. nnliitft tit 21 wmg xcaa hnlnor flr. ed from a mlnature cannon, operet-l ed. by Maury Townsend from the centre of the baseball field. The1 stay. in the; village was only sufficient to al low the President and Secretary Loeb to VOte. .W'---"f ? ':'-': j The President reached Washington at 6 :16 o'clock to-night, x i j vrtr;:A RIO ' AT LEXINGTON. ';; Cltlsen Killed, atidi Tree Other Men Probably Fatally Wounded Trouble Grows Out of Policeman's ' Attempt, to Arrest m Disorderly Voter. - ' ' :f . " Lexington, Ky., . Nov. 5. Following an election day riot here this after noon, Clyde Campbell was killed. Pa trolman . Michael probably family wounded- and" Patrolman Marion Smith and W. R.' Campbell, , Clyde's father severely . wounded The elder Campbell who was a. Republican can didate for councilman, wa arrested after he had protested against what he termed election frauds. His son came to his assistance and was shot by Murphy. W. B. 'Campbell then shot Murphy who returned the fire, severely wounding his man, although himself probably "fatally hurt --There is much excitement. J , " . There Is some difference in reports as to the details of the shooting. A graphla account Is given by Thomas A. Knight, 4who saw the tragedy. Knight said that In a large crowd at a voting place he eaw Police Officer Murphy struggling with W. R, Camp bell. . When . the struggle seemed nearly over and the poiioeman's' an tagonist seemed to be ceasing his re sistance toe saw young Campbell run up and strike Murphy In .the, face. Murphy turned and kicked Campbell In the stomach. Campbell then ran out East 'High street while Mnrphy Continued toward the police station with his prisoner. A Jittle later young Cambell came running up with a . revolver in his hand! He ran up to Murphy and shoved the pistol Into his face. Murphy: wa"s evidently surprised at the attack but he held on to his prisoner.?' Campbell demanded .of Murphy that he turn bis father loose but Murphy refused. : Just then Pa trolman Smith - came - up and as young Campbell turned to see the officer Murphy struck him three times over the head with Sils club. . Young Campbell dropped to his knees and as he did so the' elder, Campbell shot Murphy in -the back. Smith then drew his revolver and the shooting be came general. Smith shot old - man Campbell, v Murphy staggered to vIs feet, and got against; the side of the building and continued to fire, shoot ing several times,-; He was still using his pistol when he was struck -by, an other bullet,; apparently fired ; by young Campbell. Murphy had fallen but Jte got up and staggered to where young Campbell was struggling with some one who had caught im. Murphy leaned over, placed the mus sle of his pistol within a rew Inches of young Campbell's body, took de liberate elm and fired. , . A Republican Governor Likely In ,.4,f-irm IK Kentuclqr,:;,;l-y;,,.-"-.;., ' Louisville Ky Nov. 6. Practi cally ' - complete .returns from six counties exclusive of Louisville and Jefferson'; county give Wilson, .Re publican, a. plurality of . 1,000 over Hager, Democrat, for - Governor. This Is a Republican . gain of 1,800 for these counties. ' Returns from three-fifths of the precincts In Louisville and Jefferson county ? Indicate . that Wilson's ' plu rality here will reach 8,000, a " Re publican gain of 7,000 over the last governorship ratio, In order to win, however, Wilson must overcome a Democratic majority of 85,000 for Beckham In the last governorship ratio. . . Leaders of both parties are still claiming victory. . ; The Indications for the Legislature point to a Democratic majority of about 20 on joint' ballot, a 4 heavy loss for the Democrats. - , -' GOVERNOR Gm4 RE-ELECTED. The RepuMlrans (Win - a Sweeping Victory In Massachusetts, Electing " Govermir, All Stato Officers and Legislators. . , Boston, Nov., 5. The Republicans won ,a sweeping victory tn to-day's election, -re-electing Governor Guild and! all other State officers. The Re publicans will have their' usual ma jority in (both branches of the Legis lature... ' . v The State officers elected were: Governor, Curtis Guild, Jr., of Bos ton; -Lieutenant Governor,' Ebeit 8. (Continued on Psg Nine.) STATE POLICY! APPEU OUT GOVERNOR TELLS THAT MUCH No Details Obtainable From Consul tation Yesterday Between Governor Glenn, Memt'?rs Council of State, Corporation Commission and ; Six Attorneys For State Conference . Unanimous In Approval of Policy . , Outlined Jamestown '- Exposition Prizes Awarded Cochrane Show. j case -Company, of Charlotte, .; GeU . Ons. ---- - . - , " Observer Bureau, , . ' The Holliman Building, ' , - 5 , Raleigh, Nov. 5. Except that, a plan of united action has been agreed upon and 'the entire policy of the State mapped out for Its conduet of the rate litigation with the Southern and other railroads, "Gover nor Gl?nn,after an all-day conference with his advisers, declines to give out any details. ,' I - With him . in conference were the members of the council of State, the corporation commission and the ; six attorneys who., are - looking after ; t'M State's interest in the litigation. Gov ernor Glenn says that the conference was' unanimous, in its approval of the policy outlined - and that . the- State's interest will be , fully. protected and guarded, as each man is In entire ac cord with the plans. The conference was held 'behind closed floors In the office of the Governor.' Those-who participated decline - to calk' and say that only Governor Glenn is authoriz ed to speak. , . Governor Glenn was seen to-night af the executive mansion and said; 'The conference - was extremely sat isfactory..' . We agneed on the line of conduct to be pursued In th future and that at present we .would give out nothing as to our discussion and decision, but to let the 'developments reveal this. There' was not a dissent ing vote as e our future course. In this rate case.' , , t , - , t PRIZES AT EXPOSITION. At the State ' Asrricultur&l Denart- ment to-day It was announced : that the following were "the awards re ceived at the .'Jamestown Exposition for North Carolina exhibits as made by the StatietBoard of ' Agriculture; Gold "medals to J. P. McMillan. Hen derson, leaf tobacoo; State Museum, Raleigh, collective exhibits; also - ex hibit of cross and longitudinal section of native forest trees, also seeds; J. H. Doxsee & Son, Ocracoke,. canned clams and clam Juice; Little Neck Clam Company, of Beaufort, canned oysters; State Board ot Agriculture, collection of mounted and preserved specimens in natural history. ' " Sliver medals go to the following: Cochrane Showcase Company, of Charlotte, museum show cases; W H. Boyd,-of Cove City. I leaf tobacco; Hickory, Seed Compahy. fOf Hickory, cleaned grains and seeds; State Board of Agriculture,, collective exhibits of grains and steeds; William 'H. Rob bins, of Rajelgh, grains and forage Crops; R..P. Watson & Co, of Wilson, leaf tobacco; Kincald Veneer & Lum ber Company, of Salisbury.: quarter ed oak and sycamore veneers; D, A. Putnam. & Son, Spruce Pine, pipe blocks of Kalmia- ft Rhodenrom; W. F. Baum. ef Manteo, model of-skiff and B. F. Creed, of tha same nlace. model of shad boat; George I. . Scarf boro, of Avon, model of schooner and skiff; 'A. B. Williams, of Morehead City, model of sharpie; State ot North Carolina gets a silver medal for Its handsome Installation of exhibits.) , Bronse medals go to Lambert Mui. ray, of Asheville. wood toilet boxes for pyrography J. H.f Robblns, of Raleigh, sheaf ' grains and - forage crops; R. F, Thomas, of Coffleld, corn; R. W; Smith, of Manteo, speci mens of shad. - A charter waa grant ed the Rockingham Lumber .Com pany, of Rockingham, with a capital stock of 825,000. . NEGRO WOMAN SHOOTS Addle Hall, a young colored woman here, suspecting her husband of Infi delity, ' went - to the house of Mary Clay and there found him.- She . at once shot Mary full in the face with a revolver. The wound may prove fatal. ' - . , ,c SPECIAL TO WASHINGTON. j A letter to-day from Vice President M. K, King, of the Norfolk St South ern . Railway, regarding the train "which will carry the very v notable party efrom Raleigh to Washington next Monday to celebrate the opening of the Raleigh Division of the Norfolk & Southern , Railway will leave Ral eigh at 7:80 a. tn arriving at Wash ington not later than 12:80 and leave there at 5:30. The cars will be brought here next Friday end will be decorated and prepared for the trip.' It . Is the' entire train that - is under the control of the chamber of com merce which has chartered It - and which has also employed the fine band of . the Third Regiment and which bears all expenses of. the trip, other! organisations being Its guests and all invitations going out through organ-: Izatlons here. Many persons from! other points have applied for admis sion to this train,' but this could not be given as the limit In tha number of tickets has been reached.. - - Lat night there, was a freight wreck on the Southern Railway near Selma and " a number, of .cars were smashed. Passengers were trans ferred last night and this morning at that place. ' At the Caralelgh Phosphate Mills a very large new oiler house has just been completed and : the boilers have been, installed therein.' The building is on a new system.:, i j i.e.;.. ; wake road; work.;!;;';' County Road Superintendent William G.. Allen has put the big new stone crushing machine at work on the rail way, line at the State Fair i grounds, which Is also on an Important public highway." There are 80 county con victs now at work oh the roads. Su perintendent Allen says that there Is no work equal to that done by these convicts and that It gives very little trouble. The average term of sent ence is a year, One gang Is ulldlng a road near Purnell, a second is con structing one 'near Morris ville, a third Is building a road by Rand's Mills, which Is to be one of the finest tn the county, and the fourth gang .Is in Raleigh township, building . a road northward, from the Glennwood su burb. Mr. Allen snys that every one of the II roads leading Into Raleigh has been relaid and put Into shape and he declares that they are In better condition now than ever, before. He declares that there are 1 J steel bridges In the county and -these have been repainted aoJ repaired,..,.. WALTER BAKER'S WILL FOTJXD. Friends of Dead Jri'Ilonalre rrof?s9 Ut Believe That There Was Foul ,1'Iay in ConnccUon With His Death. ; and Will Contest Docnment. : New York, Nov. 5. The will of Walter FarniBworth Baker, the Bos ton clubman, who died at the home of .friends ,ln Bogota, N. J r?cently under peculiar circumstances, has been found and Is In possession ot a Boston lawyer, according to District Attorney Koester, of Hackensacrf, N. J. . Friends of the- deal man say that the construction of the will may be of Value as bearing upon the motive of a possible crime In connection with his death. j t; "This Boston ' lawyer," , said Mr. Koester to-day, "and detectives who have been investigating the case saw me yesM rday. learned from them that it contained several unsatisfac tory bequests amounting' to nearly $500,000. There will be a contest on the ground of undue-Influence." f On the night Baker died he dined with some . friends In ! a Broadway restaurant, and left them to join an other,, party of friends, who , went with him to a chop house... where he became . suddenly ill. , , He was taken to the home.bf Frank H. Hurd, one of his closest - friends at Bogota, where he died. Following the autopsy there were hints of chloral poisoning, and en analysis of the stomach is being made;- i, y.? i':.x,::i- , - It . was learned that Baker left the bulk of his estate, which is said to be valued at about $1,000,000, to Natalie Hurd,'. the four-year-old daughter of Mr. ana Mrs. Frank Hurd, of Bogota, N. J. at whose home Mr. Baker died. The sum of $5,000 was bequeathed to Mrs. George W.Young, ot New York, to whom Mr. Baker had paid consid erable attention; 88,000 was given to Mrs. Frank H. Hnrd,. and to his brother, Edward F. Baker, of Boston, Mr, Baker, gave $10,000.. Small be quests, amounting In all : to ; .$2,000 were made to i various acquaintances In this city, i .? i- pistrlct Attorney Koester, of Ber gen county, said to-day thst he un derstood the wording of the will in dicated that Mr, Baker was laboring under Undue excitement and possibly undue Influence at the time when the will was made. . " PRESroENTS TO CONFER, BTeadn of . hree . Central American Republics WF1 Hold a . Peace Con- feeence at Anuinala To-Da v. - ' 1 Managua. Nicaragua, Nov. 5. - Presidents Zehaya, of Nicaragua; Da Vila, of Honduras, and Flgueroa, of Salvador, will hold a conference to morrow at Amapala, with the view of conserving peace in Central America. Washington, '.Nov. 5. The only ex planation made In Washington for to morrow's meeting at Amapala be tween "the Presidents of Nicaragua, Honduras and Salvador ts that thsse officials are trying to reach an agree ment on questions pending between them,, growing, out of last' summer's ssrsressions-by Nicaragua on ootn Salvador and Honduras, with a view to expediting the work of the Central American Conference to be held in Washington next week. Nothing offi cial has been heard in Washington of the proposed meeting, either by the State Department or by the diplo matic corps. POLICY OF NEW DUMA. It Will Be Determined by Conventions of the Leading Parties This Week. 'St. Petersburg, Nov. 6.-r-The line of action to Be followed by the new Duma v'-lll be determined this week by, conventions to be held by two of the leading parties, the Constitutional Democrats, who meet Thursday at Helslngfors, and the Octoberists, who meet Saturday in 'this city. A certain amount of co-operation between these two ; parties In forming a working Parliament is now assured, the fusion having . been . forced by the mon archists,, who, at a conference held In Moscow to-day, adopted the fol lowing motto: "Remember your duty Is not participation in the la bors of the Duma, but the destruc tion of this body." It is now known that many men who were elected under' monarchist colors In reality are moderates and that they will co-eperate with the moderate group In Parliament. . At the second elections held In the big cities to-day a considerable de crease in the vote was observed. . McKee Divorce Suit Complicated. F ' Paris, Nov. 6. In connection with the pending suit for divorce brought by Mrs. A. Hart McKee against her husband A.' Hart McKee, formerly of Philadelphia, counsel for Mr. McKee has brought a damage suit against Mrs. MoKee's father. Colonel Bax ter, fdrmerly of Knoxvtlle, Tenn., be cause Of alleged defamatory declara tions made by them and published in American newspapers. Mr. McKee charges that clippings containing the newspaper articles complained of were sent by Colonel , Baxter to his (Mr. McKee's) mother.' The court sum moned the elder Mrs. McKee and Colonel Baxter to appear November 12th and give testimony In the case. .Pacinc Whaling Fleet Safe. ; (San Francisco, Nov. 5. The" Ave whaling vessels of the Paclflo coast fleet, which ssrere thought to ; have been caught In the Arctic Ice floes and for the safety of which grave fears were entertained, are safe and should arrive here shortly." This word was received to-day from UnalaskaA The vessels are said to te on their ; way to the open sea. ,:.-.: v.. :''''"'-' The cabeh is reported as follows: Herman, 12 whales; Beluma, ; Bel vedere, $; Thrasher, 5; William Bay Hss, . t;.-;: V V i'ii r - ,n. i . ,r .i,:--if ;r Two Big? Louisville Plants Burn. ' Louisville, ' Ky, Nov. 8. The plant of the Bourbon Stock ' Yards, located at Johnson and Min streets, turned this evening. , ! From the stock yards the flames spread to the plant of the Vlssman Packing Company., Tne loss on the stock 6f the plant l estimated at $260,000 - Ten car loads of hogs were burned, but the employes man aged to gave most of the cattle, sev eral men. receiving; minor Injuries while so engaged. - The loss on the Vlssman plant Is estimated at 175,000. Arrested ---'JFOf railn8f Bad BlUs. Coffeyvllle, Kas., Nov. 6, Two men giving their names as Thomas Dugan and O, Yeazon are under arrest here, charged with passing bills . Issued many years ago by the Merchants and Planters Bank, of Savannah, Ga., and now alleged to b ? worthless. ,Th bank Is stated to havoj redeamel its currency Ion? no. The men had a iJie quaui.:y ci. iih.biiui. FIHST TBEASUKE SHIP. IN SHE BRINGS A C.VRGO OF GOLD Gcr Seven Millions of the Yellow ' Metal Unloaded to Strengthen New York Bank Reserves Withdrawals From England and France Swell the Total and Are Regarded as Reassuring Secretary Cortelyou - Has a Conference Wit hMr. Mor gan and Other Financiers and is Told That the Situation In New York is Improving Rapidly The : Steel Trust Deal Aired. New York, Nov. 5. The arrival, of the ' first . treasure ship ; laden with gold for the relief of the; present stringency was the feature of the financial situation to-day. The Kron Prlnaessln Cecille soon after - 10 o'clock docked and was . unloading $7,100,000 . In the yellow) , metal which will go to strengthen New York bank reserves. The-'. new Cunard liner Lusltanla Will , follow closely1 in her wake with $10,000,000,--and $14,000,000 mora " will .' follow during - the remainder of the week and early next week. The additional . withdrawals of $760,000 from the Bank-of England .o-day; for the united States.- and 6,000 pounds sterling ior . uanaaa. brings up the total gold engagements on the present movement to about $36,000,000. A The news that the Bank of France bought to-day 8, 000,000 pounds sterling In sterling bills on London was regarded here as an event of the first Importance, as indicating that French financiers were not only able but willing to helo .London and thus indirectly to Uielp America by' relieving the-stratn on tne Bank ot ngiana,i caused oy the . heavy American demands for gold. It' is hoped that this action of the Bank of France will deter the Bank ot England from raising Its discount rate to t per cent, - at the meetlmr of the directors on Thurs days andfthe Imperial Bank; of Ger- 1-2 -to'?. 1-2 per cent CORTELYOU IN .!. CONFERENCE. , The presence of Secretary Cortel you In the elty on his way to vote gave an opportunity for further con ference with Mr. Morgan and ' other leading J bankers. The ; Secretary came over from Washington with President Roosevelt to vote, and on his way back from his home ' at Hempstead, L. I., decided to stop off and learn of the financial situation. Besides .Mr. - Morgan, Secretary Cor telyou saw ' George W. Perkins and one or two other bankers, who ac quainted hint.; with the progress of events. He was told that the situa tion in New York was rapidly , Im proving because of the developments in the last' 24 hours. Those bankers who saw Secretary Cortelyou to-day are" convinced that there Is no Intention on the part of President Roosevelt to call an extra session of . Congress to pass any remedial financial legislation, as It la understood the administration feels thatr the situation should settle down to ' , basis where a proper judgment can be formed on the vari ous proposed changes In the present monetary laws. It was further under stood that the administration has not yet definitely shaped the plans , of financial legislation which It v may desire to have considered at the coming session of Congress. ANOTHER CONFERENCE. A conference at which the details for taking over the control of tha Tennessee Coal & Iron Company by the United States Steel . Corporation were discussed was held , at Mr. Mor gan's library to-day and attended by Mr. Morgan, George W. Perkins, Secretary- Trimble, of the United States Steel Corporation, Vice Presi dent Davis, of the First National Bank, and Grant B. Schley, one of the members of the pool which held control of the Tennessee Coal ft Iron Company stock. No statement was made following the conference. The taking over of the stock of the Tennessee company held by the Trust Company of America as collateral for a large, loan, removes a menace to the Trust Company of America's affairs and 4s regarded by bankers generally as - a safeguard against further financial trouble. , DETAILS OF DEAL. -In the absence of an official state ment It la estimated that the . steel corporation acting through J. Plerpont Morgan & Co. has secured about $20. 000,000 of the Tennessee Coal & Iron stock at en outlay of some $17,000,000. This Important deal has had the ef fect of atrengethenlng the Trust Company of America, which had con siderable of the stock es collateral and will alleviate the financial situation of conditions that have tended to retard the return of confidence generally. The Tennessee Coal ft Iron Co, is a manufacturer of ppen hearth steel, and About two months ago re ceived all the orders placed by the Harrlman roads for rails needed by then In 1907 and 1908. . -V , The Tennessee Coal & Iron pool was formed In Wall Street about two and a half years ago. , The total out standing common stock of the Tennes see Coal. -Iron A Railroad Company Is 129,800,000, There is also $248,200 of preferred stock outstanding. "-The" bonded debt" consists of $14008,000 first mortgage five per cent, due July 1961. , THE DETAILS CONCLUDED. PlAns For Taking Over of Big Ten nessee Concern by Siecl Trust ..-.Finally Arranged. . -;-;;f--.,---,v -'Z Nw;; TorkS.: Nov." B.-Ofncll':ran-nouncement ws made to-night that the essential details of the . taking over of control of the Tennessee jo& A Iron Company by the United States Steel Corporation were concluded at a conference held at Mr. Morgan's house to-day. The steel corporation will secure sufficient stock of the Ten nessee 04l ft Iron Company to give It eontrol,"h exact amount not yet helng determined In exchange for whhlh It will give bonds of Its own company The character of thess bonds has not been decide! but it Is teamed that It will be th sinking fund Bs of which several millions re main unissued In the treasury of the steel ; corporation,' i It ? Is estimated that $16,000,000 of these bonds will be Issued to pay for the control of the Tennessee Coal ft Iron Company. Several conferences of the directors of the t Trust Company of America and the Lincoln Trust Company were hild to-nlghC coxconD mxKS w urn ' Tliey Adopt Plans to Tide Over the Rtrnlnwl Financial Situation, jC Special to The Observer. . - j s Concord, Nov. - 8.-I-The present temporary; stringency of the money market has brought, to the financial world the fact that such safeguards and local conditions must prevail as to aid In handling business with as little actual cash as possible. To meet the present conditions, to pro tect business and to expedite finan cial affairs the banks are adopting such methods as will relievo the money demand, at the same time pro viding a channel for the proper han dling of all business. Following the example of other cities and towns of the State and other States the banks of Concord have adopted a system to relieve the demand for money and to handle -business with as little cur rency as possible. By agreement the banks have adopted a rule not to pay any one depositor more than fifty dollars In currency in any one week. The merchants and business men of the city have given a hearty endorse ment to this plan and will, accept bank paper instead of currency - The fact that there la a small ? money scare and that actual cash Is hard to ntlMila - tA-tha arinntina' of these methods by h Concord banks, a sys tem that has been aaoptea oy many tuinka-elaftwhero and will "ftO dOUbt be adopted by others. 'The system adopted y the banks of the city will Tit- no way Interfere with ; ""business locally, but will - expedite - matters much, and relieve the demand for spot money in doing local business where paper can oe as reaauy -usea. Believing It necessary to keep our Industries running, and finding it im possible to obtain currency from our Northern correspondents, we, the un dertsgned banks of Concord, agree hot nn mil ftpr date we will not pay any one depositor's checli or certificate deposit in currency ior n amount exceeding ; $50 in : any one . an taking this step we are follow-' lng the example of the leading banks throughout the country, t Our resources are ample to take care of our customers, and .' this ac tion Is taken as a precautionery. meas ure.. , -.--, ' ---.- '-' -. r-k v. win ' .be . Iqmied atralnst . ac counts, or certificates of - deposit ; by any of the banks, not payanie in cur rency, which will be accepted, by. mer chants in payment of account or for merchandise. -.:'' ' vi';: '-"- v'-;.-;.-" ' Conditions requiring this Action we do not think will last longer than thirty days, and we trust that our friends and customers will appreciate this necessity and accept the situa tion as unavoidable made necessary hw fh condition nrevalllnc in the financial centres of the country.' "'-. u- CONCORD NATIONAL UAiNin. f By D. B. Coltrane, President 1,. D. Coltrane, Cashier. CABARRUS SAVINGS BANK, By H. I. Woodhouse, President C. W. Swlnk, Cashier. CITIZENS' BANK AND TRUST COMPANY, ' By A. Jones Yorke, President Chas. B. Wagoner, Cashier, DECLINING PENSION VOUCHERS. Treasury Department Takes Steps to Relieve SltuaUon Created by Stand of Banks. Washington, Nov. 6. Word reached the Treasury Department to day that because of reluctance to part with the currency' they have on hand national banks throughout the country are declining to cash pen sion vouchers, disbursing officers' drafts and other obligations, of the government Treasurer Treat took measures to relieve this condition of affairs and sent telegraphic, advices to all sub-Treasuries to make prompt payment In currency to all persons holding such checks or drafts of what may be due them. Treasurer Treat is taking all possl ble steps to relieve the tension caused by the present money strin gency, and Is sending out hundreds of telegrams dally explaining the situations and suggesting remedial measures. LOUISBURG BANKS ACT. Two Institutions Follow the Plan Inaugurated In Other North Caro tin Towns. Special to The Obsorver. v. -, ; Loulsburg, Nov. 6. The two local banks to-day udopted tho plan pur sued, by other leading markets ot the State. Certificates will be isued in stead of cash, although sellers of cot ton and tobacco will receive as much tm ten, dollars In eash for each check presented for amount of. cotton or tobacco sold. Both banks are perfect ly sound and have ample currency to meet all obligations promptly, - the First National alone having 25 per cent more cash on hand and three times as much In reserve aa required by the government the Farmers and Merchants also being equally as safe. There Is absolutely no cause for alarm as these measures are entirely precau tionary and are necessitated because of the fact that currency can not' be imported from other banks during the present financial stringency. Our banks have the confidence of every body and the certificates they issue will undoubtedly 'pass current ' ' with the merchants and others. - It Is the correct thing to do and our leading business men and farmers know It, and endorse the action. The banks are preparing a statement for wide distri bution over the county. . TO ISSUE CEHTinCATES. . Ashevfflo Banks Decide Upon a plan to Relieve the Stringency. Rpedsl to The Observer. . Asheville, Nov. 6. The four Ashe ville banks to-day decided, at the request o( the retail merchants as sociation and the board of trade, to commence ..issuing clearing r certlfi-; rates to-morrow to supplement cash and to relieve the money stringency. The four presidents of the banks 'will constitute the clearing committee. It Is probable I that $200,000 will be Issued in clearing certificates in $t. $6 and $10 denominations. For every dollar in clearing certificates issued $1.60 In approved solvent se curities will be placed With- trus tees named. The date for the re tirement of the certificates will be fixed, it Is said, for March. All the merchants and other business in terests have agreed to accept ' the certificates as cash- j,, L Big Ncwbcrn Lnrabcr Company shuts Special fo The Observer, ' .u Newbern. Nov. Sth. The J. Ro per Lnmber- Company, the 1 largest lumber enterprise here, shut down In definitely to-day on account of strin gency in the financial affairs. . There Is no cash and; checks are unavailable. By this action 200 are made Idle. The Norfolk ft Southern laid off ISO men. The railroad company retains 18 men to make what repairs are necessary. . Burlington ; Orgnnlzc ' a Clearing j-sa. : House , Association. . Fceclal to The;4aemr,.;:;.-.;-?C Burlington, Nov, 8. At a meeting of the offtcers and directors of the six banks of Burlington, Graham and istate mxmi OLGAIilZ: 5IUCII IXtEREST IX v.at:::: .. a' More Than a Rundrod Leallna: IV: N ness sicn, Including a Niitui.t r ( f Congressmen, Meet at Wilmington and Effect an Organization of tho North Carolina Waterways Assorl.-i-;' tlon James II. Chadbouni, of VVil y mington. Elected President Cou , grcssmen Present Pledge Support to - Deep Water Movement Special to The Observer, -h Wilmington, Nov, 5. More than a hundred leading business men of the State, Including Senator ILee S. Over man, and several of the North Caro lina delegation in Congress, met here to-day and organized permanently tha . ' North :; Carolina Waterways TAssocIa- tlon,- a branch of the National . Rivers and Harbors Congress of the United States., James, H. Chadbourn, of WI1-. . mington. was elected president with the following vice presidents In their order from each congressional dls-' ' trlct: George T. Leach, Washington;' ' Col. John F. . Brnton, WHsonr George , C. Royall, Ooldsboro; Col Charles B.' Johnson, .Raleigh; Gen. Julian' ' S. Carr, Durham; G. B. Patterson, Max--ton;' John W. Gulledgo," Wadesboror W. D.?Turher, Statesvtlle; J.A. Fore, - ' Charlotte,5 and Clarence Sawyer, Asheville. !; A constitution ' and y, laws were adopted i providing for' an executive : committee : of ; the officers and five other members bo he appoint ed by the president and a secretary , " , and treasurer to be elected by the ex- -ecutive committee. . : . : , OBJECTS 'AND ASMS. : ' The purposes of the association am J to promote the developments of the -waterways v of . North 5 Carolina an4 urge such legislation' with the State and national bodies as will speedily result In the ' effective and eystematla accomplishments of this development, to "gather statistics and information! pertaining to traffio that will be ef fected; to co-operate more effective- ' ly with the national bodies in secur- lng the adoption of such policies by the Federal government as will lead -to ' largo and regular appropriations for , river, and harbor, developments. ; v The 80-foot project fram Wilmington to 4he sea as a solution of the rail way freight rate problem, and the canalization of the upper Cape Fsar to Fayettevllle, as thrice recogn4sed by -Congress were ? enthusiastically en- dorsed. , ; a , . ' , CONGRESSMEN INTERESTED,' During the morning session, which was called to order by . Major E. ' J. Hale, a director of the National Rivers " and Harbors Congress, Interesting ad-, dresses were made by Senator 1 Over man, Congressmen Page, Godwin ," -and Smalt, all pledging their support ' to the Improvement to the North Car olina waterways and expressing their hearty approval' of the 30-foot pro- ' ject ... to make of Wilmington, a gate- . way port. Other sneakers were H. W. , Malloy, of Wilmington, who welcomed the visitors, nineteen cities In - the State oelng represented; President J. A. Taylor, of the Wtl. mington chamber ot commerce; James H. Chadbourn and many other, -Committees were appointed on per , manent organisation and this ws effected at the afternoon session. ' ; . , Delegates representing many organ- Isatlons tn the different cities spoke In hearty accord with the purposes of the association and a delegation of fifty or more Will be sent to the Na tional Rivers and Harbors Congress la Washington, December 4th and 5th. The meeting was singularly united .. In purpose and the promoters of the ;' movement are elated over tjte succss Of the gathering, , , To-night visitors are being enter tained at an oyster roast on the sound. NO FEAR OF VIOLENCE. Physician Believes That the Fields Child Will Recover. r , , Special to The ONerver. , ' - Lexington, Nov. 5. Sheriff Delap received a telephone communication this morning from Dr. , Burrus, of High Point, to the ' effect that the Fields' child was better, and ' he thought the child might recover He stated that nearly alt of the symptoms ot grangrene had disappeared and the child was able to 'take nourish ment . The rumors that a mob was coming from Thomasvtlle and High, Point proved to be groundless and there is no fear of violence. ; , Haw River, held in the' offices of tha ; Piedmont Bank lost night a clearing house association,' to be known at the 'Alamance Clearing ' House Asso ciation, was .organised and a systemj ' for the protection of the banks some what similar to-that in vogue In the State was adopted. ' Clearing house certificates will be Issued. " Early thla mornlng when - the action taken ' by the banks became known the business men of Burlington met in the mayor's halt and passed resolutions commend ing the action of the banks v anl . pledging themselves to .accept the v certificates and , to , otherwise assist -the banks it assistance become nec- -essary. . h v s Ijcxlnglon Banks limit Specie,-Pay '.' ..;-.' tnents to 123. . Special to The Observer, f , - - . Lexington, Nov. 8. At a meeting of -rA the officers and directors of tho three. T.I.U k..l,. kJI I.., .1.1.1 I- . iAlllHit u.uao llm HiPv. uiKllt, . : was decided to limit specie payments to $26. The banks will protect pay rolls. Checks for more than the above -named amount - will r be - handled through i. lh clearing house. All oC the other banks in the country pur suing this course, compelled, the Lex- -Ington banks to fall la line. . V The three banks of Lexington are in. better condition than ever before, the reserve and deposits being about twen- -ty per cent greater than at any period v in the past. -, 1 1 . t Birmingham - Will Checkmate. Spccu- t ' , lotors. . ; iBIrmlnghimi. Ala., Nov. 5. In or der to' thoroughly protect the cash iers' check system In use by the local banks, the Birmingham Clearing House Association lias decided to limit the amount of cash that tan bs drawn out by individual depositors to $23 per week.' President W. P.' G. Harding, ot the First National, said: "The action was taken to stop tho Speculator and hoarder. It Is not meant to Interfere , with r.lcgltimata business." , ( 1 v , - -' New Orleans Clearing House Adorfn l'lan. New Orleans. Nov.- 6. The ---.v Orleans' clearing houfe ssaoc! :iu- this afternoon decided t lsue t currency In denomlnaMons of $3, ) and $20. It Is the first time that s a step has been -taken in the 1 . clearing house association. '
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 6, 1907, edition 1
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