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VOL. XXX. PITTSBORO. CHATHAM COUNTY. N. Ci THURSDAY. OCTOBER 31; 1907. NO. 12.
M4
nrar
f'TA.'R HEEL TO?ICs
t items Gathered from AH Sections of the State
Wife Murderer Suicides.
Selma, Special. After two pre
vious attempts at self-destruction,
Ransom Godwin, who on the" night of
August 7th. last, shot his wife in a
most brutal and cold-blooded manner,
shot himself Tuesday morning
through the heart with a gun, death
following: instantly, the scene of the
deed being the woods about a half
mile from his home. The coroner
held an inquest over the dead bodyj
after which it was interred by rela
tives. Godwin had been hunted by
officers since the night of his dia
bolical deed in August, but had ef
fectually eluded capture, staying in
the dense woods in the vicinity of his
home all the time, it is believed, and
being in communication with his son.
Once when "officers were hot on his
trail be tried to end his existence
with his gun, but the attempt was a
failure. A second time, when he
learned that the governor had offered
a reward of $100 for his capture, he
made an effort at suicide by cutting
his throat, but this attempt also did
not result in death.
The cold weather coming on and
the old man being unable longer to
lead a sylvan existence, he deliber
ately set about planning a third ef
fort to put himself out of this world.
Some weeks ago a lawyer visited him
and papers disposing of what prop
erty he had not a very great amount
were drawn up. This having been
done in good shape, he told his sou
where to look later for his
-lead body, and at the place desig
nated it was found.
Godwin was in his 76th year and
was in good health and sound mind.
The stern hand of the law was too
ranch for him to go up against, and
he chose rather to die by his own
hand than face the bar of justice
as he would have had to do in a short
time had he not used his gun with
fatal results.
Straightening Out the Kinks.
i
Winston-Salem, Special. There is
a novel enterprise in this city loeat-;
ed on Church street. It is conducted '
by the ' 1 Twin-City Shampooing and
Hair Sh-aightejving Company." A'
small stock of feminine furnishings
are kept for sale among the colored
women of the city, and also a stock
of second hand clothing. The firm
does a thriving business in this line,
hut derives the bulk of its income
from the "hair-straightening" de
partment. The object of this com
pany is to straighten the hair of the
negroes in the city, and to eliminate
all the kinky inclinations of the same
forever and eternally. It seems that
there is a great demand among the
sable sons and daughters of Ham to
have straight lines made out of that
part of their anatomy which is as the
sands of the sea and cannot be count
ed, and a great many negroes in the
city stand as living illustrations of.
the skill of the local "hair-straight- (
eners. ' ' The process used in the op-j
eration could not be learned. The
woman in charge of the building re
fused to give out the formula, the
secret being as jealously guarded by
the originators as the secrets of the
initiated members of Appolo's Temp
le at Delphi. j
Million Increase in Tax Values.
Charlotte, Special. The value of
property in Mecklenburg county reai
and personal, for the past 12 months
has increased approximately one mil
lion dollars, although the exact fig
uves will probably be considerably
more than this amount.
Proposal to 'Increase Stock.
Winston-Salem, Special. A meet
ing of the stockholders of the Wacho
via Loan & Trust Company of this
city has been called, the purpose of
which is to take action upon the ques
tion of increasing the capital stock
from $600,000 to $1,000,000.
Forsyth Teachers Meet.
Winston-Salem, Special. There
was a fine array of county school
teachers in the Twin City Saturday
afternoon, the occasion being the first
fail meeting of the Forsyth County
Teachers' Association, which was
held in the court house, beginning at
1 o'clock. The feature of the jneet
ing was an addres by Col. W. A.
Hlair, who spoke to the teachers about
educational matters in genral. He
made a splendid address and was lis
tened to very closely by the teachers.
Rowan's Jail About Complete.
Salisbury, Special. With the plac
ing of the steel cages Rowan's jail
will be complete, and this work is to
consume but a few days. The Salem
lion Works took the contract and has
given the county a $21,000 job that
is said to be very fine. Mr. H. S.
Carroll is here putting on the fin
ishing touches. The jail has attached
to it a good residence and is built
vUb a special view tP convenience.
The Synod Closes.
- Hendersonville, Special. Synod
met at 9 o'clock, Moderator Richard
in the chair. Rev. W..M. Sikes of
Madison, conducted the devotional
exercises. Several reports of stand
ing committees were read and ap
proved. The statistical report shows
that the Synod has given to all pur
poses this year $123,364. Of this
amount $30,061 was for foreign mis
sions, and $4,000 for the assemblies,
Synodical and Presbyterian home
missions. A resolution was adopted
requesting that Synod at its session
in Newbern jiext year convene at S
o'clock p. m. on the fourth Tuesday
in October. The report of the special
committe on women's societies, com
mending highly the work of the 'Wo
men's Missionary Union and othei
societies, was adopted. The report of
the comittee on the Orphanage was
taken from the docket and after
striking out the recommendation to
accept the resignation of Superinten
dent Boyd, the report was adopted
and Mr. Boyd's work was commend
ed. Synod listened to an address by
Rev. J. E. Snedecer, the assembly 's
secretary of colored evangelization,
and also to remarks by J. S. Morrow,
one of the ten colored ministers in
the Synod, both speaking in the in
terest of work among the colored
people. The report of Synod's com
mittee on Colored Evangelization Avas
read and adopted. At 10:30 o'clock
by special order, the report of the
committee of the Sabbath and family
religion was read and considered. A
sermon was preached by Rev. J. G.
Gath in the interest of family relig
ion. Rev. R. F. Campbell spoke of
the work of the American Sabbath
Union, and Rev. H. G. Hill delivered
an address on Sabbath observance.
Railroads Are the Winners.
Louisburg, Special. The railroads
were the winners last week in the
numerous damage suits tried in
Franklin Superior Court. In the case
of Fuller vs. the Atlantic Coast Line
for $150 for alleged mistreatment and
neglect of a fine mare while in transit
resulting in her death from pneu
monia, the jury decided in favor of
the railroad and taxed Fuller with the
costs. Another suit tried was Macon
vs. Seaboard Air Line for the killing
of Tom Macon, a negro, when a loco
motive jumped the little bluff at the
depot, overlooking Main street, some
time ago and buried the darky un
der it. The railroad offered the plain
tiff in this suit some time ago $2,200,
but it was declined and the jury
awarded $1,427.
Nearly Killed by Bull Dog.
Spencejr, Special. Mrs. Pheobe
Linebaek, wife of Conductor GrovjE1
Lineback, of the Southern Railway,
is in a precarious condition at her
home in Spencer as a result of a
desparate encounter with a large
bull dog here7 Saturday. The dog,
which was a most vicious animal, at
tacked a cow on a lot near Mrs. Line
back's home and was about to kill
her, and Mrs. Linebaek attempted to
beat the dog off the cow. All kinds
of weapons were used, but without
effect. In the fight with the dog she
was dangerously injured and was car
ried to her home in a .helpless condi
tion and is still unable to be moved.
tJ. S. Court in Greenville.
Greenville, Special. The civil
docket will be sounded in the federal
circuit court on Saturday morning at
10 o'clock and parties interested
should be present on that date. Good
progress was made in the district
court and .many cases were disposed
of. There were a number of convic
tions and few acquittals.
Transfer of Valuable Real Estate.
Winston-Salem, Special. By a
deed filed Friday in the office of the
register of deeds the Hunter block,
in Salem, is transferred from the
executors of the estate of C. V. Win
free, and the administrators of Wil
liam H. Loyd to Messrs. G. F. and
R. I. Jenkins, the consideration be
ing $7,500. The building is now oc
cupied by the Salem Dry Goods Com
pany. It has a frontage on Main
street of 91 feet and runs westward
for 198 feet. .
Daring Escape by Negro.
Morganton, Special. Charles Wil
liams, colored, confined in the county
jail on the charge of shooting a col
ored damsel at a party some time ago,
made a daring escape from the jail
Friday night. He climbed up on top
of the steel cage, went out on the roof
through on air hole and, tearing his
bed clothing into strips, descended to
the ground, a distance of 40 feet,
aking good bis escape.
FOR INLAND WATERWAY
Convention to be Held in Philadelphia
in November to Boost Waterway
From Cape Cod to Beaufort.
Philadelphia, Pa., Special. At a
meeting held in the office of Mayor
Reiburn, a fund was subscribed to
defray the expenses of a convention
to be held in this city November
19th and 20th in the interest of a
proposed inland waterway from
Cape Cod tp Beauford, N. C. At the
meeting final arrangements Avere com
pleted for the conventiQn at which
it is expected representatives will be
present from all the Atlantic coast
states. --
At the meeting' the plan of the
waterway was outlined by Congress
man J. Hampton Moore of this
eily.
The meeting was attended .by rep
resentatives of trade organizations
from Trenton and Camden, N. J.,
Wilmington, Del., and other places.
Among those present were Congress
man Burton, of, Delaware; Bingham,
Moon and Foulrod, of Philadelphia,
and Frank L. Lanne, of the National
Board of Trade.
Progress of the South.
Wilmington, Del., Evening Journal.
Those who fancy that the South
is still sleeping should read a fine
booklet issued . by an enterprising
firm of Charlotte, N. C, telling of
the industrial growth of that city.
The book is very well prepared and
it presents a pretty picture of the
North Carolina city. The booklet
declares that the population of Char
lotte has increased from 8,500 in 1830
to 41,500 in 1907, and judging from
the photograph of city, the popula
tion must be somewhat near these
figures. The development of the
South as a cotton manufacturing
country is revealed In the-booklet.
There are 19 of these mills in Char
lotte alone, and in the State there
are 245 factories, with 2,023,043
spindles and 42,775 looms. In South
Carolina there are 114 mills, with 2,
671,410 spindles and 65,833 looms.
The city has many handsome struc
tures and a building boom is in pro
gress. A ne-v hotel costing $250,000
was recently finished, the money be
ing raised by the people of the city.
The finest opjra house, it is asserted,
in the South, is located in Charlotte,
and one of the realty companies has
a twelve-story building. A new Y.
M. C. A. home to cost $100,000 is to
be erected. A Presbyterian hospital
to cost $65,000, and an Elks' temple,
to cost $50,000. The elegant new
auditorium just completed is un
doubtedly one of the greatest pub
lic conveniences which has ever been
placed in the city. It is a distinct
credit to Greater Charlotte. Its seat
ing capacity is about 4,500. The
main auditorium will hold 2,500 peo
ple with 2,300 seats in the galleries.
It is the boast of the city that the
money conrtibuted for these build
ings all came from Charlotte. The
city has fine new municipal, county
and Federal buildings and handsome
school houses.
The good roads movement has
made great progress in Mecklenburg
the county of which Charlotte is the
capital. There are 180 miles of stone
roads in the county as the result of
a road builders' congress.
New Currency Law Needed.
Washington, D. C, Special Sena
tor Eikins, of West Virginia, declar
ed, after a talk with the' President,
that a hew currency law would have
to be passed this winter to correct
the evils that are responsible for the
money panic. "The business of the
country has increased faster than the
supply of money,' he explained, "and
we must have more money to keep up
with the programme."
For a Fair Election.
Memphis, SpecialFriday's pri
mary to determine whether the Wil
liams or Walsh forces shall go
against the Malone ticekt for foui
city offices Nov. 5, will be absolutely
fair. This was made sure when the
Democratic Executive Board adopted
resolution that where fraud is de
tected in any ward the box shall be
thrown out.
Bell Telephone Floats Stock.
New York. Special. Final pay
payment of $50 a share on the $21,
925,200 additional stock issue of the
American Telegraph & Telephone
Company, popularly known as the
Bell "telephone trust," was made.
The entire issue was disposed of, a
large number of shares being sub
scribed for by English financiers and
banking houses. The new stock is is
suecT to, supply the funds needed foi
the great improvements and exten
sions planned by the telephone com
pany for 1903.
Barn Destroyed.
Columbia, Special. A barn on the
farm of Mrs. Eva Mcore at Culleoka
was destroyed by fire Sunday night,
together with two cows and a lot oi
farming, machinery belonging to hei
tenant, R. Daugheity. The origin oi
the fire is not known. The loss will
probably amount to $600 or more and
there was no insurance.
WHETSTONE MILLS SOLD
Is Second Sale of Hill Since Bank
ruptcy Proceedings Brought $16,
000 at First Sale A 10 Per Cent.
Raise Made on Original Bid.
Charlotte, Special. The Whetstone
Cotton Mills at Bessemer City, were
sold, Tuesday at neon to Capt. Judson
Huss, of Gastonia, for $19,100, at a
receiver's sale.
This mill was sold last summer foi
$16,000, but a ten per cent bid be
ing made later, the second sale was
ordered. The mill is one of the best
equipped in Bessemer City.
The original, sale of this mill, to
gether with the Vermont Cotton Mills
occurred several months ago. The
property has always been regarded as
a paying proposition, and the bidding
at the first sale was spirited -anti
warm.
Since the sale of the two1 mills, the
sale of the Vermont mill was con
firmed by the court, but when anoth
er party, desiring to procure posses
sion of the Whetstone Mills, made s
ten per cent bid on the original sale,
when the property brought $16,000,
the court ordered a second sale, which
was held Tuesday.
It is thought that Captain Huss
was buying for himself, as he has
been interested in cotton milling somt
years, having held an interest ji the
Loray Cotton Mills at Gastonia. He
was interested financially in the
Farmers'- Supply Company, of Gas
tonia, but only a few days ago, Cap
tain Huss disposed of his holdings in
this concern.
Tbe sale being held at noon, it was
impossible to learn the plans of the
purchaser, but it is generally believ
ed that the mill will be operated by
Captain Huss himself.
Lost Half His Foot.
Winston-Salem, Special Mr. Hen
ry Groner, aged 23, lost abjut hall
of his right foot Tuesday as a. result
of an accident. Mr. Groner, who has
held the position of motorman with
the Fries Manufacturing & Powei
Company for three months, was at
tempting to board a moving cr
which was passing his home, he lost
his hold and footing and fell. His
right foot was caught and ruA ovei
by the wheels. The member was so
badly crushed that Dr. J. F. Shaffner
the attending physician, decided t
take off about half the foot. The
wounded man was removed to the
hospital where the operation was jtr
formed. He will be laid up for sev
eral weeks, but Dr. Shaffner says his
patient will get along nicely. Mr
Groner says that he alone is respon
sible for the accident.
Fifth Victim of Rudd Wreck.-
Greensboro, Special SunKy; morn
ing at 11 o'clock death claimed Mr
John Lineberry, of Randleman, as
another victim of the wreck Thurs
day night of train No. 34, which col
lided headon with a freight train al
Rudd. This makes a total of five
deaths resulting from the accident
Of the nineteen injured people taker
to St. Leo's Hospital from the scene
of the -wreck, two have died and the
following have recovered sufficientlj
to go home, leaving the hospitai
Messrs. John W. and Mulla Gibson
and W. O. Wemple and Capt. June P
Thomas, of Danville, Va., and Mr
Charles A. Kindley, of Gastonia. The
hospital authorities report that those
remaining there for treatment are
getting along very well.
A Beat That is Hard to Beat.
Mooresville, Special. Mr. O. P.
Harrilson, a tenant on Mr. if. A
Neill's place, near Troutman, brought
to Mooresville something unusual in
the beet line. This monstrous beet
measured 26 inches long, 14 inches in
circumference at the largest part and
weighed 7 1-2 pounds. The beet was
large enough to feed an ordinary
family for a week.
Rally For School Tax.
Durham, Special.. Next Friday
there will be a school rally at Red
wood school, Oak Grove township.
This will be a township rally and in
the interest of the special school "tax
that is proposed for that district in
order to make a better school. It it
expected that there will be a large
number of people present for the ex
ercises of the day. The principal
speaker will be Mr. J. Y. Joiner,
State Superintendent of Public In
struction, and there will be several
others to make talks.
V
Dropped Down Elevator Hole.
Winston-Salem, Special. S. F.
Wade, aged 62, an apple peddler,
was killed instantly at 10 o'clock
Tuesday by falling into an elevator
hole in the building of the Carolina
Cold Storage and Ice Company. He
dropped two stories and was dead
when found. The purpose of his visit
to the building is not known. He was
alone, when the accident occurred.
Wade came here six years ago from
DAY OF THANKS SET
President Names Last Thurs
day in November
CHARACTER THE GOAL SOUGHT
Democracy Must Use the Ten Talents
Entrusted It and Pray for the Spir
it of Righteousnesp and Justice in
wirir.n Lies Hope of Nation's Per
petuity. Washington, D. C, Special.- Presi
dent Roosevelt Saturday issued his
Thanksgiving pi (Jaination, -througii
the Secretary of State, naming the
last Thursday in November, the
twenty-eighth. ,
The proclamation follows:
"Once again the season of the year
has come when, in accordance with
the custom of our forefathers for
generations past, the President ap
points a day as the especial occasion
for all our people to give praise and
ihanksgiving-to God.
"During the past year we have
been free from famine, from pesti
lence, from war. We are -at peace
with all the rest of mankind. , Our
natural resources are at least'as great
as those of any other nation. We be
lieve that in ability to develop and
take advantage of these resources the
average man of this nation stands at
least as high as the average man of
any other . Nowhere else in the
world is there such an opportunity
for a free people, to develop to the
fullest extent all its powers of body,
of mind, and of - that which stands
above both body and mind char
acter. "Much has been-given us from on
high and much will rightly be ex
pected of us in return. Into our care
the ten talents have been entrusted;
and we are to be pardoned neither if
we squander and waste, nor if ws
hide them in a napkin; for they must
be fruitful in our hands. Ever
throughout the ages, at all times and
among all peoples, prosperity has
been fraught with danger, and it be
hooves us to beseech the Giver of all
things that we may not fall into love
of ease and luxury; that we may not
forget our duty to God and to our
neighbor.
"A great Democracy like ours, a
Democracy based upon the principles
of orderly liberty, can be perpetuated
only if in the heart of the ordinary
citizen' there dwells a keen sense of
righteousness and justice. We should
earnestly pray that this spirit of
righteousness aud justice may grow
ever greater in the hearts of all of U3,
and that our souls may be inclined
evermore both toward the virtues
that tell for gentleness and tender
ness, for loving kindness and forbear
ance one with another, and toward
those no less necessary virtues that
make our manliness and rugged hardi
hood for without 'these qualities
neither nation nor individual can rise
to the level of greatness.
"Now, therefore, ' I, Theodore
Roosevelt, President of the United
States, do set apart Thursday, the
28th day of November, as a day of
general Thanksgiving and Prayer,
and on that day I recommend that
the people shall cease from their
daily work, and, in their home or. in
their churches meet devoutly to
thank Almighty for the many and
great blessings they have received in
the past, and to pray that they may
be given strength so to order their
lives as to deserve a continuation of
these blessings in the future.
"In witness whereof I have here
unto set my hand and caused theseal
of the United States to be affixed.
(Seal.)
"Done at the city of Washington
the twenty-fifth day of October, iu
the year of our Lord one thousand
nine hundred an seven and of the In
dependence of the United States the
one hundred and thirty-second.
(Signed)
"Theodore Roosevelt."
"By the President:
"Elihu Root, Secretary of State.
To Inquire Into Seizure of Tobacco.
Washington,- Special. The British
embassy has been charged by its gov
ernment to inquire into the action of
the Federal authorities in seizing 7,
500 cases of cigarettes at Norfolk in
tended for shipment ' to the British
American Tobacco Company. The
British embassy reopened for busi
ness in Washington after being lo
cated at Intervale, N. H., all sum
mer. Mr. Watson, one of the secre
taries, is in charge, pending the ar
rival of Ambassador Bryce, who is
coming from Intervple in an automo
bile. Sheriff Killed While Attempting to
Arrest Negro.
Carrollton, Miss., Special. "While
endeavoring to arrest Bob Myers, a
negro, charged with . several petty
crimes, Sheriff A. C. McDougall, of
this county, was fired on by the negro
and killed. Sunday posses, with
the aid. of bloodhounds, are searching
for Myers and if captured a lynching
if feared. -V .' .-' ' t V
WHISKEY CAUSED DEATHS
Brother of Saloon Keeper, a Block
ader, Under the Influence of
Liquor, Kills His Mother and Then
Cuts His Own Throat.
Wadesboro, N. C, Special. As a
result of a protracted spree and a
drunken debauch Mr. Elis Hightower,
a middle-aged man who lives in the
southern part of this county, right
near the South Carolina line, shot
and instantly killed his mother, with
a pistol Friday night. It seems that
Mr. Hightower was at his home On
his front porch in a semi-conscious
condition from the influence of whis
key when his mother approached him
to get him to go in the house, and he
suddenly drewNhis pistol and shot her
through the heart. When the pistol
fired Mrs. Hightower said, "Son you
have killed me," and expired imme
diately. Saturday morning, after realizing
what he had done, Mr. Hightower cut
his own throat and died about 10
o'clock. Mr. Hightower had 'a repu
tation of being a noted blockader and
dealer in illicit liquor.
He was a brother to Mr. F. M.
Hightower, who is in the saloon busi
ness in Wadesboro, and who has
made arrangements to go t Wilming
fctn and run a' saloon after the first
of next January.
RATE CASE COMPROMISED?
Governor Glenn Returns to Raleigh,
and It Is Positively Announced on
the Authority of Person Com
pletely Informed in the Matter
That the Dispute Between ihe
State of North Carolina and the
Southern Railway Is To Be Settled
By the Legislature, Governor
Glenn Having No Authority to
Change the Rate of 2 1-4 Cents.
A special from Raleigh, N. C, to
the Charlotte Observer of Monday,
says:
It can be safely said on the au
thority of a completely informed
person that the passenger rate ques
tion in dispute between the ( State of
North Carolina and the Southern
Railway since last spring will be
settled The final arrangement may
be made . by the Legislature, which
fixed, the rate at 2 1-4 cent?
Governor Glenn has no power to
change that rate himself. The re
ports made by the Southern show
the average a mile paid by passen
gers to be 2.41 cents.,
It has been known for some days
by those on the inside that a settle
ment was in sight. It is now known
pos-itivety, though - details are as yet
incomplete. ,
Governor Glenn may make recom
mendations to the Legislature. . This
is most probable.
Gas Tank Explodes, 4 Injured and 3
Missing.
Chattanooga, Special. Four work
ing men were injured by burns anJ
two or three are reported missing as
a result of an explosion followed by
fire in the plant of the Chattanooga
Gas company, shortly before 3
o'clock. The explosion is said to have
been caused by the dropping of a
lighted match over an open jet of a
tank in the purifying department.
The injured are: B. A. Broder, Dan
Hemmill and Henry Hemmill and an
unknown negro.
Birmingham Telegraphers Return to
. Work.
Birmingham, Ala. Special. It was
announced that a majority of the
telegraphers who have been on strike
since August 11th will resume work
Monday. They will go back on both
the Western Union and Postal, under
practically the same conditions they
were working under when called out.
Texas Banks Consolidate.
Houston, Tex., Special The Plant
ers & Mechanics' National Bank,
capitalized at $500,000, and, accord
ing to the last statement, issued in
Augusta, carried, deposits, of $1,000,
000, has been absorbed by the Union
Bank & Trust Company. The consoli
dated bank will continue as a State
bank.' The cause of the liquidation
of the Planters & Mechanics' Bank,
it was said, was the extended illness
of its president, F. A. Richard.
Pennsylvania Trainmen on a Strike.
Huntington, Special Trainmen or
the Huntington and Broad Top Rail
road went on strike for higher wage
and practically tied up the entire
road. Only two engineers and onr
fireman out of a total of 150 train
men remain at work. The men de
mand wages equal to those p-i
Pennsylvania Railroad trainmen. .
SIX BANK FAILURES
Friday a Bad Day for finan
cial Institutions in New York
THINGS NOW MORE SETTLED
The Institutions Affected Were Min
er Banks and Had No Important
Connection With the Larger New
York Banks and Their Closing, It
Is Declared, Had No Effect on the
General Situation, Which Is Im
proving. New York, Special Another nerve
racking day has passed but the finan
cial institutions of New York have
shown extraordinary power of resist
ance to the pressure put ' upon thorn.
While it is true that several minor
institutions have been forced to closo
said about them first, that the
amount involved was not so great as
to exert any marked influence on the
general situation, as thesebanks were
located in residential quarters and
did not come into touch with the lar- -ger
financial institutions of the me
tropolis, and second, that there is
evonr roacmi tr hnlifv thflf: thfS9
banks and trust companies are en
tirely "solvent and their di culties
will prove to be only temporary and
due entirely to inability to secure
ready cash on the gilt-edg-s securities
in their vaults. . .
Withdrawal Rule, Enforced.
In the light of the general excite
ment the savings banks thought it
wise to put into effect the rule re
quiring thirty to sixty days' notice
for the withdrawal of deposits, and
this will prevent the withdrawal of
money which would otherwise be put
in safety deposit boxes. The savings
banks, if they continued to make
payments, would be obliged to with
draw funds from the national banks,
thereby causing additional strain on
the general banking institution.
There was not the least doubt but
that the institutions were .in .anything
but the soundest condition and it was
1 pointed out that the savings banks
' of this State are so restricted by
law in investing - their money that
j there can be no question that all of
the securities in their possession arc
of good value and readily salable in
normal times.
The institutions which closed
their doors with the sums due de
positors, were:
The Banks Affected.
The United States Exchange Bank,
Harlem, $600,000.
International Trust Company,
about $100,000.
The Borough Bank of Brooklyn,
$4,000,000.
The Brooklyn Bank, $2,300,000.
Williamsburg Trust Company,
Brooklyn, - $7,500,000. s
The First National Bank of Brook
lyn, $3,500,000.
The First National Bank of Brook
lyn, the Williamsburg Trust Company
and the International Trust Company
were allied institutions. None of these
companies had any important busi
ness connections with the larger
banks which are , representatives ' of
the city's financial affairs.
Favorable Features.
On the other hand a number of fa
vorable features marked the day. The
Trust Company of America and tha
Lincoln Trust Company, the two or
ganizations which have suffered most
from runs, have been slowly paying
out to their depositors and closed
with all demands having been met.
In the case of the Trust Company of
America the run has well nigh spent
its force as the great bulk of the de
positors have been paid off. At the
close of business there were a good
many in line at the Lincoln Trust
Company but also there was a mark
ed reduction in the number of anx
ious depositors.
The most favorable incident of
the day was that the stock exchange
was provided - with funds ample to
meet its immediate necessities by a
money pool headed by J. Pierpont
Morgan, which sent about $15,000,
000 to the exchange during the nftmr.
noon. As all of the loans made hold
over until Monday, the stock exchange-
situation will not be a factoi
in the problems that the bankers may
be called upon to solve. A very en
couraging feature of the afternoon's
developments was a signed statement
by Clark Williams, the newly ap
pointed State superintendent of
banking, affirming the solvency of
the local institutions. ,
News Notes.
Secretary Taft postponed his de.
parture from Manila to look after the
fortifications at Lubig Bay.
The trial ofEditor Harder in Berlin
fox libel was marked by the attend
ee of many of the Emperor's Court
Havana strikers were forbidden to
hold open-airmeetings.
Truck growers held -in important
ooYSUon in Norfolk.