I i
VOL. XXV.
RALEIGH, NORTH CAROLINA, THUBSDAYY OCTOBER 31. 1U07.
CARNEGIE FOR '
ROOSEVELT AGAIN
TAFT FOR SECOND CHOICE
GAINING GROUND
The False Cry of State
Rights The First Train in the
World and the Finest Union Depot
Jackson and Roosevelt's Great
Fights Must Not Swap Horses in
Middle of Stream.
"(ial t The Caucasian.
Washington, D. C., Oct 28. On
. t r.Iay the first train ran into the
" v Union Depot at the national cap
it, il, the finest railroad station in the
r!.l. It was a 13. & O. train. This
'Ms in mind the fact that it was 72
1 .;ns ago that the 13. & 0. ran it3
.irst train into Washington and that
M.iin was the first built and operat
ed in this county or in the world.
To he exact it was on that memor
able 5(h day of August 1835, that
':c first railroad train in the world
I'llhd into the old 13. & O. depot
.-mid a great concourse of people and
'..'lfiniiig cheers. Andrew Jackson
as then President of Hip TTnifeJ
St;it.s, ami he and his cabinet and
ti e diplomatic- corps of all the conu
tiifs of the world were present to
u-H'ct the pioneer of tlie modern gi
juitie railway systems.
The Battlc3 of Jackson and Roosevelt
l'lc.-idcnt Jackson was then strug
dinur tt exercise national control
"'ft- the United States Bank in the
interest of a "square deal," just as
President Koosevelt is today 'leading
li e mightiest struggle in the world's
!;itory to bring under proper con
trol the gigantic powers of the great
( ; .ui'-p rt:!tion companies. Jackson
v..ii yi:d Roosevelt will win, but the
!;i-k of the former was as child's play
!"iiared to the task now before the
l.'Her.
The False Cry of States Rights.
Put if Jackson were president today
! e would be trying to do exactly what
l,ioevclt is doing, and he would be
pposed not only by the great corpor
ations, but also by those who pretend
that these must do so to defend
'Mates rights." It is noticeable that
the great monopolies and trusts are
encouraging, if not instigating, much
f this "states rights" opposition.
How is it possible for the States to
adequately correct the abuses of inter
state'comniereeT Besides the States
in the Federal Constitution made it
the duty of the Federal Government
to regulate inter state commerce.
.The State of New Jersey gives life
and great and dangerous powers to
an artificial person, called a corpora
tion, and then turns it loose to use
its powers to rob and oppress not
only the people Avithin its own bor
ders, but also of every State. It
does not protect its own people and
it is powerless to protect the people
of other States. Besides the great
buik of the commerce is interstate
rr.d no State can regulate that. In
short the lights and interests of
-very State will suffer unless the
Federal Government with a strong
hand, takes complete and effective
control of every carrier of interstate
ommerce
Much Taft Sentiment
With the return of the President to
the National Capital the politicians,
and Statesmen from all over the
country have been pouring into
Washington. All bring the news of
ti-.e growing popularity of the Presi
dent and the increasing demand that
he agree to serve the people again.
But at t became time they say that
the sentiment of the people is turn
ing to Taft as the next best man to
carry forward the President's poli
cies. Senator Flint of California says
that the extreme West will be for
Taft. if they can't get Roosevelt
:.-nin. Senator Warner, Missouri,
-ays that his State is solid for Taft.
if they have to look for a new man.
Senator Lonsr of Kansas, says his
State is also solid for Taft, -vyhile the
vernor of that State says that they
will rot take no for answer. Senator
Fdkins of West Virginia, says the
-ame thing;
These are a "few samples of the
universal talk.
Carneeie For Roosevelt Again.
Mr. Andrew Carnegie, who has jusl
returned from Europe, says that the
Pivi.ler,t's rxsition toward the great
"tporations and trusts is right and
: i.t it will not hurt any honest busi
"fss. He savs that the gamblers pan
ic Li Wall street was due to their
n methods and that it proves that
t". o President is not to blame, but
ti at he is right.
Mr. Carneeie concludes his - state
i - r.t by ilecfaring that the President
-nouM remain another term in the
White House to carry on his great
v--ork which has so long been needed.
He -ays. "We must not swan horse
sn the" middle of the stttam.1'
ROOSEVELT LIKE JACKSON.
Old Hickory's GmdtUashter - Says
Resemblanee Appeals Present
Him With Silver Spoon That Grac
ed White House and Hermitage in
Old Days.
Nashville, Tenn., Oct. 26. "Mr.
Roosevelt is more like Gen. Jackson
" ;
than nnv Prcc;j..i T
-j "ui i nave ever
known," was the tribute of Mrs. Ka
ebel Jackson Lawrenee to the Chief
Executive, following bi recent visit
to the home of her illustrious grand
father. "I have been at The Her
mitage with the general, Mr. Van
buren, Fillmore, polk, and Johnson.
I knew Mr. Buchanan well in Wash
ington, and in recent years I have
met Mr. Cleveland and Mr. McKin
ley; but Mr. Roosevelt reminds me
more than any of them of Gen. Jack
son. "His manner, while different from
the men of Gen. Jackson '? time, as
everything to-day is different, was
the perfection of courtesy and kind
ness, and what pleased me most in
what I saw of him at 'The Hermi
tage' was the apparent genuineness
of his kindness. I shall always re
member his visit with pleasure."
Mrs. Lawrence, now a woman of
seventy-five and not very strong, is
daughter of Gen. Jackson's adopted
son, and the only surviving child.
Since her widowhood, years ago, she
has lived in retirement, excepting the
time when acting. as hostess of Ten
nessee's building, a reproduction of
"The Hermitage," at the St. Louis
World's Fair. Her home is situated
about a mile from "The Hermitage,"
near this city. No woman in Tenneo
see is more devotedly admired by
those who have her friendship, and
nothing that the President did in
Tennessee has won him more hearty
well wishers than his attitude toward
Gen. Jackson's granddaughter, the
"Little Rachel" of Old Hickory's
declining years.
"I am honored to have the oppor
tunity of meeting Mrs. Lawrence, of
whom I have read much and to whom
I offer my profound respect," was
his rcknowledgement of an introduc
tion to her. In her album, a gift of
Martin Van Buren, containing on the
first page a tender sentiment from
Gen. Jackson, the President wrote
"It is-a privilege to have the chance
of writing in this historic little vol
ume. Theodore Roosevelt, October
23 1907."
The President also gave her a most
pressing invitation to visit the White
House, reiterating it" when lie came to
take his leave of the old homestead.
Her gift to the President was one of
a set of silver spoons used constantly
by Gen. Jackson, in the White House
and at "The Hermitage," purchas
ed in 1832, in Philadelphia, and beat
ing in the simple script, common to
the Jackson silver, the initials," A.
J."
"There are only a few of them left
and I desire you to accept it, sir,
from me. It is genuine, and one of
the few relics that I now have to be
stow," was her return to him for the
many little words or acts of kind
ness that marked the day. This gift
was made as she handed the- Presi
dent a cup of coffee.
Navigation of the Air.
New York, Special Aeronauts and
enthusiasts in the study of aerial
navigation from several European
countries as well as numerous Ameri
can scientific experiments are attend
ing the International Aeronautical
Congress here. President Moore,
chief of the United States Weather
Bureau, in his annual address review
ed the experiments in aerial naviga
tion and outlined the progress to
ward the "conquest of air."
Barn Dertroyei.
Columbia, Special. A barn on th
farm of Mrs. Eva Moore at Culleoka
was destroyed by five Sunday night,
together with two cows and a lot oj
farming machinery bslongir.g to hei
tenant, R. Daughcrty. The origin oi
the fire is not known. The loss will
nobably amount to $600 or more anc
rfcere was no insurance.
A Conference cn Trusts.
Chicago, Special. The "trust
conference of the National Civu
Federation, which is to continue foi
four days., opened here. About 40(
delegates weic present, representing
V2 States and approximately SO or
ranlzctions of a mercantile, civu
v.id municipal character. President
Nicholas Murray -Butler, of Colum
bia University, the president of the
Federation, 'ailed the convention U
Tor a Fair Election.
Memphis, Special Friday's pri
mary to determine whether the Wil
liams or Walsh forces shall go
sgainet the Malone ticekt for four
city offices Uov. 5. will be absolutely
fair. This was made sure when the
Democratic Executive Board adopted
a resolution that wbsrc fraud is de
tected in an' ward the box shall be
thrown out,
News in Brief. -
Postmaster-General Meyer, in ar
address & the postmasters conven
tion, urged a psrcel-post and posts
savings hanks.
Federal Judge Dayton granted a
Pfcilippi, W. V., the mot . swepeiaj
injunction ever granted, agmnst '
labor, union.
Kovil Scotia Day was observed a'
Jamestown Epit:on. -" '
The steamship .Empress cf Uc-nc
gnk at her dock ia Vancouver.
THE BLAME IS FIXED
Brakcman Charged With the
Recent Wreck At Rudd
HIS ARREST QUICKLY fOLLOWED
Tie Brakcman of the Freight Traic
Who Admits Tbit He Left the
Swich Open, Is Arcitei on a War
rant Charging Crioinal Negligee
Greensboro, X. C., Special.- The
wreck of Southern Railway train No
34, which collided hcad-ou wit!,
houthbound freight txaiii No. S3, by
running into an open switch at Ifuud
on the nisrht of October 17th, uus in
vestigated by CVroijer J. 1 Turner
and a jury of six. The inquest was
behind closed doors and four wit
nesses were examined. They were
Engineer Na riders and Conductor
Davidson, of the freight, and Brakc
man II. C. Leonard, also of the
freight, who disappeared when the
trains came together and walked
from Budd to his home at Spencer.
The other witness was Mr. C. D.
Benbow, who was a pafsener on No.
34.
Verdict cf the Jury.
After deliberating two or three
hours the coioner?s jury reached a
verdict, placing the responsibility for
the wreck vpm Brakcman Leonard,,
who admitted in his testimony that
he left the switch unlocked. The
verii-t also called the solicitor's at
tention to the fact that the freight
crew had been on duty over 2.i hours
Upon the affidavit of Coroner Turner
a warrant was issued by 'Squire U.
H. Collins, charging Leonard witii
criminal negligence, resulting in the
death of Mrs. Jane Thomas, I). Allen
Bryant and others. Leonard was ar
rested and will be held in the cus
tody of a guard until his mother ar
rives from Spencer and sives his
000 bund.
Liqncr Men Arrertci.
Danville, Special. Charged with
defrauding the Government by re
moving and concealing quantities ;of
unstamped spirit?, J. D. Booker, a
large distiller of Pittsylvania county,
his brother, G. N. Booker, and J. D.
Reynolds, a United States storekeep
er and guager, were rent on to the
Federal Grand Jury, at r, hearing b3
fore United States Commissioner
Martin. A squad of revenue officers
concealed themselves in the bushes
near the distillery and, it is alleged,
caught the trio in the act cf renov
ing whiskey to Booker's retail sa
loon. If a conviction results, Rey
nolds, being a government employe,
will probably face mora serious
charges. Each furnished $2.(K)fj
bond.
A Billion Dollars Tied Up.
New York. Special. More than a
billion dollars are tied up in the
dozen savings banks in New York,
which have suspended payment .so
far as the cwenrs of the money. tJ-;-depositors,
are concerned. But it i
all available for use in general bank
ing business, and the bankers say de
positors who need the sums of money
for pressing purposes will be paid or
given certified checks for reasonable
amounts. At some of the banks
which are still paying checks a por
tion of the crowd -which picssntc.l
checks had been waiting in lin? all
night Sunday night and since early
Sunday afternoon.
Runs on Banks Havs Ceased.
New York, SpeeiaL The crowds at
the banks and trust companies on
which heavy runs were made last
week have dwindled to mere handfuls.
Most of the trust companies "ami
banks have resorted to payment of
the depositors with cert i Tied checks
on clearing house banks, in prefer
ence to releasing currency. The lead
ing banks and financiers say they ex
pect no trouble this week. In both
London and New York stock market
prices have advanced over Saturday's
close. The Pittsburg exchange is stiil
closed.
Will Diot3s Bate Law.
Atlanta, Ga., Special. Governois
and attorneys general of three and
Txsssiblv four Southern States will
Lmeet in Atlanta next Friday to dis
cuss railway passenger rate situation
wiih a view to reconciling the con
flicting laws of the States interested.
The date was fixed after a long dis
tance telephone conversation between
Governor Comer, of Alabama and
Governor Smith of Georgia.
Will Proclaim OkUacst a Stats.
Washington, Sp5cia! After receiv
ing in person from Governor Fran2,
of Oklahoma, a certiSed copy of the
new constitution and certificate of
election returns, the President cn
nbuneed that he would proclaim, the
Territory a State ou November 16tk.
MEETING OF TEACHERS
Primary Icjrtrnctors la Public School
Meet ia At&eTiHe.
Aherilk SpxiaL The delegates
to the North Carolina Primary Teach
ers association speut a busy and
pleasant day Friday, combining bim
nes with pleasure. Three sessions o
the aociatiou were held, and in the
afternoon the visitors were taken U
Overlook park ia special trolley ears.
The morning wssion was evoted to
the reading of paper and dicusionsf
the meeting being called to order at
the Y. M. C. A. auditorium by Mr,
C. L. Stevens of Newberu, president
of the association. Miss Mary C.
Graham, ul CniKotte read the minu
tes of the last triMfting. A par on
"Deficient Children," prepared by
Miss Fannie Anderson of Charlotte,
was read by Miss Mary Erwin. Mu-s
Nettie Allen of Grenesboro read a
paper on "Drill Work.' "Humor
in the School Room," was handled
in a pleasing manner by Superinten
dent J. A. Bevins of Monroe, and
Miss Michaux f Greensboro discuss
ed "Home Study; First, Second and
Third Grades."
The evening session was devoted to
"The Evils of Crowded School
Rooms," a paper prepared by Miss
Josephine Coit of Salisbury-
The following officers of the asso
ciation were electe at the evening ses
sion; President, Miss Mary Graham
of Charlotte; vice president, Miss
Annie Mei"d Miehanx of Greensboro;
corresponding secretary and treasur
er, Mrs. Edgar Johnson of Salisbury;
recording secretary, Miss Eva Stuart
of Gastohia;" programme committee,
Miss Elizabeth Bernard, chairman;
Miss Mary Ward and Mrs. Pickens.
FRATRICIDE AT HAPPY HILL.
Negro Shoots ' His Brother Dead
Near Winston-Salem Murderer
Makes His Escape.
Winston-Salem, Special. Chester
Butler, colored, who shot and killed
his older brother, Dave Butler, Sat
urday night, has not been captured
though officers have been hunting
for him since the tragedy occurred.
The brothers fell out over a lamp
which Chester had taken from his
mother to an unoccupied building,
where a crowd of negroes were en
gaged in gambling. After a bittn
controversy, Chester went home, got
his double-barrel shotgun and as
he left the house remarked to his
mother that he had decided to kill
Dave. He went direct to the room
where Dave and other negroes were
playing cards and without" &' mo
ment's warning fired. Dave ran out
of the room and escaped the first
shot, but practically the entire con
tents of the second entered his body.
The wounded man dropped to the
ground and died before a physician
arrived. The dead man was 24 years
old, while the brother, who commit
ted the crime is only 19.
The killing was at "Happy Hill,"
a negro settlement just across Salem
creek, southeast of town.
Mashed Between Bumpers.
Winston-Salem, Special. Carl B.
Green, a brakeman on a freight train
between this city and Greensboro, wao
seriously injured ' at KernersviUe
Monday night by getting canght be
tween the bumpers of two box cars.
No bones were broken, but it is
thought that he suffered internal in
juries. He was brought into this
city on the passenger train, arriving
here at 7:35 o'clock. Mr. Green Li
about 25 years old and has a wife
and one child. He resides on North
Liberty street. He is a young man
of excellent qualities and well liked
by his associates and others who
know him.
Store and Stock Burned.
Pineville, Special Mr. Henry Fer
guson, of this-vicinity, had the mis
fortnne of losing his store and con
aid, wdiile the brother, who commit
bales of cotton, and 2 fine hogs, by
fire last Tuesday night. The origin
of the fire is unknown. This is the
second -time that Mr. Ferguson has
experienced the same "bad luck,"
there was no insurance in either case.
He has the sympathy of his neigh
bors in bis misfortune.
C&S&S&S Denies Report Tait E WlU
Become Ambassador.
San Antonio, Tex Special A spe
cial to Ta? Express from Mexico Citj
says : Joaquin D. Casasus has denied
absolutely that he will go to Wash
ington as ambassador to the United
States when Governor CreeU of Chi-
that oosition to mvc
I all his attention to the government of
his State. '
DAY OF THANKS SET
President Names Last Thurs
day in November
CHARACTER THE GOAL SOUGHT
Democracy Mast Use the Tea Talent
LctrUiUd 1$ ai Pray for tie Spir
it of lUihUoiunesr aa Jc&Uct ia
vaba Lie Hops c! KaUca't Per
petuity. Washington, D. C SpeeiaL P ti.
dent Rooecvelt Saturday issued hii
Thanksgiving j.rt 'imatioij, througa
the Secretary of Stale, namuig t?t
last Thursday in November, tae
twenty-eighth,
lhe proclamation follows:
"Once again the reason of the yeai
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
thanksgiving to God.
"During the past year we have
been free from famine, from pesti
lence, from war. We are at peact
with all the rest of mankind. Out
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 standi
above both body and mind char
acter. "Much has been given us from on
high and much wm 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 bo
hooves us to beseech the Giver of ah
things that we may not fall into love
of ease and luxury; that we may nol
forget our duty to God and to oui
neighbor.
"A great Democracy like ours,
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 ,ud justice may grow
ever greater in the hearts of all of us,
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 manlinesa and rugged hardi
hood for without these qualities
neither nation nor individual can risf
to the level of greatness.
"Now, therefore, I, Theodore
Roosevelt, President of the United
States, do set aparf Thursday, the
28th day of November, as a day of
general Thanksgiving and Prayer,
and on that day I recommend thai
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 the seat
of the United States to be affixed.
(Seal.)
"Done at the city of Washington
the twenty-fifth day of October, in
the year of our Lord one thousand
nine hundred an seven and of the In
dependence of the United States th
one hundred and thirty-seeond.
(Signed)
"Theodore Roosevelt."
"By the President:
"Elibu Root, Secretary of State.
Texas Banks Ccnsclilte.
Houston, Tex., Special The Plant
era & Mechanics National Bank
capitalized at $599,000, and,-accord
ing to the last statement, issued v.
Augusta, carried deposits of- l,00l.
000, has been ab?oibca by the Uxio
Bank & Trust Compaisv-.The conso!;
dated bank will coiitimi?; za a Sts:.
bank. The cans of the-nquU&tif-of
the Planters Mrarir-s
it was Faid, wa? the e-z-crd i!bt
of its president, F. A. niehard. -
ShetiS Kiked While AtUspttsg
Arreit Niro.
Carrollton, Miss., Speeial-TVhi
endeavoring to arrest Bob Myers,
negro, charged ith several pett
crimes, Sheriff A- C. McDougalV
this county, was fired on by the ne?'
and HIlecL Sunday posses, ' wtC.
the aid of bloodhounds, are searehyo
for Myeni and if captured a lynekir c
fere&
WHISKEY CAUSED DEATI S
Brother f Eloca Kttptx. a
Adet, Cnirr th USstsct cf
Xifser, Ki2 Ws UotUx s4 Tt4
Cci Hi Owa Threat.
Wdrbort N. 0, SpUL As m
realt of a protract! prr and a
drutUn debauch Mr. Klu Htgbtowt,
a raidd!-sTl eaa io litrs ia lit
southern part of thU coa&ty, hilt
near the Sou lb. Carvlir.a liar, bt
and iuAtantJy killed Lit mother wilh
a pitcl Friday nibl. It & that
Mr. Uigbtowcr wa at his boaa oa
hi front porch in a ftfmi-coas-etvt;
condition frutn the in2uce of whis
key whea his mother approached bins
to get hiaa ia gt in the house, fid It
suddenly drrw Lu pbtol and h,t her
through the heart. Wlea the plM!
fired Mrs. Uigbtowcr aid, "Sn voa
hare killed me," and expired imme
diately. Saturday morning, after rcjluinj
what he bed done, Mr. llightower cut
his own throat and died about
o'clock. Mr. Ififhtower had a repu
tation of being a noted b!okadcr as:d
dealer in illicit liquor.
He was a brother to Mr. K. M.
II igh tower, who is in the calaon busi
nt!s in Wadoboro, and who ha
made arrangements to go to Wilmiur
Un and run a saloon after the first
of next January.
RATE CASE COMPROMISED ?
Governor Glenn Eetnrns to Ealeisb,
and It Is Positively Announced oa
the Authority of Person Com
pletely Informed in the Matter
That, the Dispute Between the
State cf North Carolina and the
Southern Railway Is To Ee Settled
Ey the Legislature, Governor
Glenn Having No Authority to
Change the Rate of 2 14 Cents.
A special from Italeigb, N. C, to
the Charlotte Observer of Monday,
says :
It can be safely maid en the au
thority of a completely informed
person that the passenger rate que
tiou 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 21-4 cent
governor Glenn hat 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 dayj
by those on the inside that a settle
ment was in sight. It is now known
positively, though details are as yet
incomplete.
Governor Glenn may make recom
mendations to the legislature. This
is most prjbajic.
Gas Tank Exp!oie, 4 Injured and 3
Missing.
Chattanooga, Special. Four work
ing men were injured by bum and
two or three are reported missing as
a result of an explosion followed by
fire in the plant of the Chattanooga
Gas eompany, shortly before 3
o'clock- Tho explosion is said to have
been eaased .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 wa
announced that a majority of the
telegraphers who have been on ftrikc
tirwe August 11th will resume work
Monday. They will go baek on both
tee Western Union and Postal, under
practically the ?ame conditions they
were working under when called out.
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 7r
500 cases of ngarettes at Norfolk in
tended for shipment to the Britho
American Tobacco Company. Tl'e
British embassy reopened for busi
ness in Washington after being 1
eated at Intervale, X- IL," H-simmer.
Mr. Watson, one of the secre
taries, i3 in charge, pending the ar
rival of Ambassador Bryee, who U
coming from Intervele in an automo
bile. FtfisiylTi&U Traissea ea a Strike
Hanticgicc, Specifil Trainmen o:
the Hantisgton and Broad Top Kaf
road went on strike for Uigler wae
and practically tied cp the entire
road. Only two csginec-a and os;
fi reman out of a total of 150 train
men remain at work. The d
! mand wages cqn ai . t ' 1 1 ote Vt?
AI FAILURES
Friday a &rd Day for fkicrv
dc! Institutions In New York
THINGS KOW mi SOTUD
Tit UrtitsUsti AStrt4 U'crt tSa
cx Bs&ks Aj&i !US K XstferUfet
Csastctiea iU LxrT Krv
Yk Bisks ht TUlt Oitt It
Is DeeUrfti, nU i L3t: ca l&a
Central S.tkatics, WUch Li Ia
prevtef.
New Wrk, SpteUl- Anotlir nerr.
rarkir- day I s pt-d bet lt fi&Afi
eial inii!ilt'(. cf Nr Yuik hart
shown c xtjotuii.4i v jMner of trc:i
ance t the p:ri:t put upm lba&.
While it tm. tt.it M-vrrai buimt
institution hav (nr4 Id di
thtir dtxir?, tl tit t'.;nji LoylJ b
aid ahn:t thcas firt, that la
amount invohrtt net o jrt t as
to cxnt any r. atV.ru influcuc n tfee
gcmTal rituation, t$ tUra bank wtrt
hrRttd in ic?iarut;al quutts and
did iwt ruaio into touch xth lh Ut
jr finanrial irutiiinin of tb m
trcjKiiis !tj Mrcond, that tbT U
every rravm to believ that th4t
ban I. and trutt cosnpa&ic are eu
thirty wlvt-t sv.d their U cultie
will prove to ur.ly fescporary and
du; tnltrely to t::&bii;ty to secure
ready ca!i on the giit-dg ccuritics
in their vault.
Withdrawal Rule Enforced.
In the lij!.t f the 'etwsral excite
ment tl. tmirM lur.k lUiuht tt
wic to pit into t!Tect the rule re
quiring thirty t j nijtty day notie
for tfcc withdrawal of deposit, to 4
this will prevent the il!idrawal of
mor.f-y Mhich wotdd otherwise be put
in safety deposit busfs. The avinjr
banks, if they continued to ttiako
paymcntv. would b uSliptHl to with
draw fund from the national baaks,
thereby t-uu.ing idd:tioi:al tUaia n
the general bunking institution
There was r.ot the lentt doabt but
that the icrtituti:n wcr ia anything
but I'ne &ouadt condition and it vu
pointed out that the nafinir hank
of this State are w rr.t noted by
law in investing their money that
there can be no -question Hiat all of
the Kemrities in their &ewKm are
of good value and readily salable in
ucrmal time.
The institutions which closed
their doors with the sum due de
positors, were:
The Banks Affected,
The United States Eichange Bank,
Harlem, GQ0,O00.
International Trut-t Company,
about $100,000.
The Borongh Bank of Brooklyn,
f 4. 000,000.
The Brooklyn Bank, $2,300,000.
Wi'liamnbar? Tmst Company,
Brooklyn, $700,QCQ.
TLe Firf-t National Bank of Brook
lyn, $3,500,000.
T! e First National Bank of Brook
lyn, the Williamsburg Trust Company
and the International Trust Company
were allied in titution. None of the
companies had any important busi
ness connections with the larger
banks which are representative of
the city's financial affairs.
- Favorable. Features.
On the other hand a number of fa
vorable features marked the day. The
Trust Company of America and the
Lincoln Trust Company, the two or
ganizations which have suffered most
from runs, have been slonrty pytn2
out to their depositors and closed
with all demands having been met.
In the ease of the Trut Company of
America the ran has well nigh spent
its force 6$ the grcr t bjlk cf the de
positor have been pa!d off. At tfct
close of bTi$j,ne& there v. re a
many in line at tL? Lincoln Trtrt
Company bat alio tlrr" ?a mark
ed redaction in tie i.nTtbtr of ant
ion? depofito;.
The most farortb! iscWk of
the day was that the toek exehanf
was provided with fsnd ample . to
meet its immediate necessities by a
n)ncy pof i headed by J. Pierpont
Morgcn, which cnt sbrtit f 15.00
000 to the exchange dcrisz the
noon. A all of the loir?s made hold
ovcrntil Monday, the rtock e
charjge situation will r.it be a facto
in the problems that th bankers ia
b called mnu to A very rtSs
I conrrdng feature cf th cfteroocn'l
devr ! .rm j4 w.-i a ;m"i sftctemni
bv fl?ik w;!H.-n. lYr wlf 'tt:
banking, sSmng t';e Mrttcj
the local iD!J!si!n. .
Ken ctet. , !
Secretary Tait poatpoacd hU t
partnre from Manila to lock after tLf
fortiSeatiom at Lab: Bay.
-The trial of Eoitcr Harder ta Btrlia
for libel was narked bv the attend-
at many of the Emperor Coarl
Havana sttil.e.- wirt f bidden L
hold open-airmsi daz- . r
Truck grovsr .iJ . importaEl
fjarestloa la Norfolk.
SIX G
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