Nebraska Newspapers

    Fhe Omaha Daily Bee
VOL. XXXVII NO. 1H9.
OMAHA, WEDNESDAY MORNINO, NOVEMBER 27, 1907 TWELVE PAGES.
SINGLE COPY TWO CENTS.
SO LACK OF BUSINESS
Country Merchants Buying Liberally
on Omaha Market.
FACTORIES ABE OVERWORKl
Conditions in Omaha Prove it to Be
"Country'! Bright Spot."
REAL ESTATE SALES OF TWO DAYS
Nothing Retards Buying of Good City
Property for Investment.
SOME GOOD-SIZED DEALS MADE
Blnm Oct Back on Old Baala of
Activity l Wholfml Dla
trlet u Ileal Eetute
Circles.
Traveling men of Omaha will ecur th
largest bulnes In th hUtorr of Omaha
wholesale merchandising for delivery noxt
print, according to slmost a acore of the
dealers, whose greatest worry will be to
eecure the goods, but who have determined
to meet th demands regardless of effort
and expense.
Increase In spring orders run from 20 t6
100 per cent, and smaller dealers are among
those who are ordering the heaviest and
thoso whose credit has been limited are
offering to make a better showing or pay
cash and take advantage of discount on
delivery.
Among the wholesale dry goods, hat and
cap, and millinery houses the orders are
especially he.nvy. The firms which vouch
for big Increases are M. E. Bmlth & Co.,
wholesale dry, goods and extensive manu
facturers of clothing; Byrne Hammer
Dry Goods company, which hRS recently
established a large branch house at Bait
Lk City; Spleaberger A Sons, wholesale
millinery; Sweneon Bros. Dry Goods com
pany, and the Gate City Hat company.
Factory Help la Scarce.
"We will have a hard time to get the
goods we manufacture made for the spring
trade," said a member of the firm of M.
K. Smith A Co. "Our shirt factory Is not
running full force because we cannot get
the help. We have offered every Induce
ment to secure girls and men to operate
our machines and have not enough by a
third. If other manufacturers are In the
same position we are In It will be (hard
to fill the Increased orders which are com
ing In. We order a gross or fifty gross of
an article and we gel one-fifth to one-half
of the order, but w hope to ship from
Omaha next spring every order placed and
now being secured for goods."
U. Splesborger, general manager of the
big millinery store, said "The fall season
of course Is over, but we are having many
reorders, while the orders being placed for
aprlng are clear beyond expectation. The
ale of millinery specialties Is larger than
over before. There la an Insistent demand
for good, good and the tendency 1 toward
better mllltbefy for spring."
Psesldent IUhau of the Gate City Hat
company 1 authority for the statement
that the ' hat business simply knows no
bounds and that the orders for spring are
much larger than last year.
Other line are selling at the same rate,
from crockery to rubber shoes. The gro
cery trade, of course, reports a good steady
business at all seasons.
GOOD-SIZED REAL KSTATK DEALS
' 'I III
J. A. Boyce Bays Over Block of City
Property and Fin Residence.
Business In real estate circles revived
Monday and Tuesday, when the filings of
deeds to city property showed sales over
the $71,000 Item of the Standard Stock Food
building' of more than 160,000.
The largest Individual purchaser who has
been closing deals was J. A. Boyce, a New
York Life building grain dealer, who has
bought more than a block of valuable city
property in Park Flnce. Orchard Hill and
the residence at 'Thirty-sixth and Burt
streets. The entire amount of Mr. Soyce's
purchases will be $15,00 or 118.000.
Thj home bought by Mr. Boyce was
formerly owned by J. If. Wassaman, an
Omaha banker, and was considered one of
th finest homes in the addition when
erected. It was foreclosed under a mort
gage at one time for $20,000 and eventually
passed Into the hands of the Baptist 'Mis
sionary society, from which Mr. Boyce
bought It for $6,000. He will put $2,000 Im
provement on the property.
Other property bought by Mr. Boyce In
clude a lot SjxltO in block 6. Park place,
purchased from Ella M. Crort; a similar
lot and house from Mr. and Mrs. I.. K.
Kendall for $3,900; a lot SCxlDO In the same
block from N. W. Beeman for $650, and
th north half of block 6, Park place,
for $2,8(0. of the Union Life Insurance com
pany. Besides the purchases closed today,
Mr. Boyo has other deals under considera
tion. J. T. Kerns has traded his residence at
Qt South Twenty-eighth street to Michael
Massara for flats at Twenty-eighth and
Jarksen streets. Mr. Kerns would not say
what improvements he will make on other
property In lh vicinity.
Millie S. Fanek ha bought several valu
able lots of the Missouri Valley Land and
Live Btock company, located In the 'Al
bright addition, lor $3,171, while George E.
Barker bought from John T. Hopkins lots
1$ and It in block $. Orchard Hill addition,
paying $s,5iO. A good residence Is located
on the lots bought by Mr. Barker..
RIOT MEANS JEND OF STRIKE
Leaders at I.oalavllle Dorlaro They
!U4 No KsoHlea of
Men Plans.
LOUISVILLE. Ky.. Nov. 2.-Over twenty
members of the striking Street Car Menr
union are in the county Jail today, having
been arrested last night In th riot follow
ing An attack on a Fourth avenu car.
A number of th men are alleged to have
confessed that th attack on th car was
the result of a carefully planned conspiracy
on th part of a body of strikers and more
arrest will be made.
There was no Indication of trouble this
morning and It Is believed the arrests
of last night will virtually mean an end
of th strike. Both International Agent
Common and Local President Jackson of
th Street Car Mens' Union declare they
knew nothing of th conspiracy and that
they have all along counseled order.
Polio Judge MoGhe today held for
bear rg. under $4,000 bond, all those ar
res'.td on the charge of being Implicated
in lust night riot and also ordered the
arrest of forty-seven more men wl.o at
tended th meeting at whi- " alleged
plot wa formed
SUMMARY OF TUE BEE
Wrdnndir. XoTembor 87, 1007.
907 November 1907
rut. wi tnu mi t
i" ' 1.2
5 6 7 8 9
12 13 14 15 16
19 20 21 22 23
26 27 28 29 30
2
4
2
"XX WI1TKIX.
Fort .ilf 7 p. m. Wednesday: ,
For Cinaha, Council Bluffs and Vicinity
Fair and warmer Wednesday.
For Nebraska Fair Wednesday; warmer
In east portion.
For Iowa Fair and warmer Wednesday.
Temperature at Omaha yesterday:
Hour. iJea
t a. m 37
6 a. m Sti
7 a. m
8 a. m 34
a. m 33
10 a. m.... 38
11 a. m 44
12 m 60
1 p. m hi
2 p. m M
3 p. m W
4 p. m 65
6 p. m 54
6 p. m 2
7 p. m 60
8 p. m 49
p. m 48
BOKZSTZO.
W. J. Bryan, speaking in Washington,
says no political party should oppose
publicity to the name of subscribers to
campaign funds. Pag 1
Speaker Cannon 1 to have hi commit
tee In the house appointed shortly after
the session convenes. Pag 1
The state must own its watr power If
It gives aid to any project, is the belief
of Governor Deneen of Illinois. Pag" 1
Tobacco consumption In the United
States does not keep pace with the In
crease in population. Pag 1
Two weeks is set as limit for further
use of paper currency In the westsrn
states. Pag 1
People's party hold a meeting of the
National committee at St. Louis. Pag 1
Founder' day Is celebrated at Harvard.
par i
Insanity experts take side of ' Mrs. Brad
ley in the Washington trial. Pag 1
Former President Maxwell of the Bor
ough bank of Brooklyn cuts his throat
In the attempt to end his life when
Cashier Campbell says he will turn state's
evidence. Pag a
Brooklyn bankers are arrested, charged
with criminal acts in the conduct of the
Borough bank. Fag's a
Burlington reduces hay rates in north
east Nebraska on tho O'Neill line. Page 3
The riot of striking street railway m;a
means the probable end of th strike.
Pag 1
POBXIOX.
Germany' budget la $25,000,000 more
than formerly, because of the expenses
of the government.' Pag 1
Insurgent general In Venezuela 1 killed
from ambush. Pag 1
X.OCAX.
Business Is such in the west as to make
Omaha the country's bright spot, a .It
has been called In the east. 1 he. outlook
for spring orders, like the value of tho
crops, exceeds previous records. - Pas Xi
Omahaus will buy the 40,000 Thanks-,
giving fowls, which they will consume,
a few cents lower, owing to the supply of
fered by farmers, and dealers not desir
ing to carry them over for Christina.
Turkeys range from 16 to 22 cent per
pound. Pof 4
Labor Temple will be opened Thanks
giving eve with addresses, music and
dancing. Th new hall 1 one of the most
complete In the west and the home of
thirty-two organizations. Pag 7
President Henry W. Tate at the Omaha
Clearing House association says the city
should have been included among thote
mentioned to President Roosevelt as be
ing ready to pay cash, a Omaha was one
of the first to reply and signify readi
ness. Pag T
BPOST.
Foot ball lover will see a great gam
Thanksgiving between Haskell Indiana
and Crelghton university, which will be
played under the new rules, both teams
being well up on punting and open work,
which is required. Par 11
COmtXKCIAX AID UrSUBTSLAX.
Live stock markets Paf
Grain markota Pag
Stock and bonds V Pago
MOVEMENTS OP OCKAJT TEAM SKIPS.
Port.
Nrw vor.K ..
NEW YORK ..
NKW YOKK ..
HAMIll'HU ...
LONDON
LI V BR POOL ..
CHKJtHOl'RQ
PI.YMUl'TH ..
UREMICS
Arrival
.Caledonia
.Noord Amerlks ,
.Btafctfndam ....
Aracrtka ....,..
Mlnactock ....
. Armenian
Salle.
St. Lauls
Grit Waldaroee
.Travs
BIG DROP IN DRESSED PORK
Chlcaajo Parker Cot Prices of Loin
and Hams Aboot Five
Cents.
CHICAGO. Nov. 24. Lower price for
Uve hog which within the last month
have dropped nearly $3 a hundred pounds,
resulted In a reduction In the price of
pork to retailers. Presumably the con
sumer will benefit In turn. The packer
gave out a new schedule of prices today,
showing reductions in pork loins, green
and cured hams, ranging from 4',ic to 5o
a pound.
Another effect of the drop in hog prices
was the bringing into Chicago market
buyer from outside market In increased
number. Cleveland, Dayton and Colum
bus and other cities In Ohio and in In
diana had representatives here who said
that they had been unable to secure else
where the reductions that they claimed
were warranted by the reduction In hog
prices. They bought freely und itrlr de
mand forced the first advance lu the .mar
ket recorded for more than a week.
WESTERN MATTERS AT CAPITAL
Lteuteaant Colonel Etssi Ordered to
Omaha, for Doty on Depart
ment Staff.
v (From a Staff Correspondent.)
WASHINGTON. D.. C, Nov. . (Special
Telegram. ) Lieutenant Colonel William P.
Kvans is detailed as a 'number o ftlie
general staff corps, and will proceed to
Omaha for duty as chief of staff of the
Department of the Missouri.
W. W. Dennis of Charles City, la., John
D. Clark and William A. Rlner. both of
Cheyenne, Wyo.. have been armitted to
practice before ti e Interior department.
Roy W. Nelson of Odell. Neb., ha been
appointed clerk at Puget S'tund ratal sta
tin. l'.a m ind Fitzgerald, Twin Falls. H. E.
Walker of Rome. F. P. Rockwell. New
Sharon, L. K. Horkcr, Chariton. C. L Thor
Uy. Columbus Junction. Ia., hav been
appointed railway mall clerks
VyairtVy
J.
EXPERTS TAKE WOMAN'S SIDE
Alienists Teitify Mri. Bradley Was
Not Responsible.
DR. EVANS BECOMES DRAMATIC
Refer So Conteraotaoaaly of Seaator
Brews that Comrt Reprimand
Hlaa oa Witness
Stoma.
WASHINGTON, Nov. .-Two distin
guished alienist testified today that Mrs.
Anna M. Bradley was Insane when h
shot and killed former Senator Arthur M.
Brown of Utah. Both of thes expert
have national reputation and hav figured
prominently In many trials that hav at
tracted widespread attention. They wer
Dr. Charlo O. Mill of Baltimore, professor
of nervous and mental disease at th
Balttmor Medical college, and Dr. Britton
D. Evan of 'New York, a member of the
board of director of the New Jersey hos
pital for the Insane, Dr. Kvani was on
of the expert who testified In th Thaw
case In New Tork.
Both were very positive that Mrs. Brad
ley was Insane and could not distinguish
between right and wrong.
Dr. Evan was severe In characterising
th conduct of Senator Brown In perform
ing criminal operation on the defendant,
which brought admonition from the court
In the form of a suggestion that Senator
Brown was not on trial and could not de
fend himself and that his name wa only
to be used when absolutely necessary to
show hi domination over th defendant.
The defense finished it testimony this aft
ernoon. The trial wa resumed at 10:06 o'clock.
The defense at one put on th stand a
new witness. Dr. I. Rich of New Tork
City. Dr. Rich said b sow Mrs. Bradley
the day of the shooting and that she
looked "looney" and had an Idiotic laugh.
Dr. Charles G. Hill of Baltimore, an ex
pert, was then called. He stated positively
that on the date of the shooting Mrs.
Bradley was Insane and Incapable of choos
ing between right and wrong.
Woman Not Responsible.
On Cross-examination Dr. Hill said that
In his opinion Mrs. Bradley Intentionally
shot Mr. Brown, but her statue of mind
was such that in her aberration she be
lieved she wa doing the right thing as
distinguished from th wrong. Dr. Hill
aid he saw In Mrs. Bradley's letter to
Senator Brown many evidences of Insanity,
although the rhetoric and handwriting were
good. Insane people he said, frequently
wrote well.
When Dr. Hill concluded his testimony,
Dr. Britton D. Evan, an Insanity expert,
testified that Mrs. Bradley waa Insane at
the time she shot Senator Brown and
was not able to distinguish between right
and wrong.
Dr. Evans' testimony wa dramatic He
spoke sympathetically of Mrs. Bradley and
referred contemptuously to Senator Brown
for his 111 treatment of her, all of which
he said preyed on her mind and unseated
her reason. He declared that Brown, by
hi own hand destroyed the children, which
he had begotten. His reference to
Senator Brown was so pointed that Justice
Stafford admonished him' that Brown was
dead and could not answer" for hlmaetl
and further that Mr. Brown was not on
trial. Dr. Evan -wa not cross-examined.
As Judge Powers. read extracts from the
torn letters of Mr. Bradley, found In the
hotel expressing love and devotion for
Senator Brown, Mr. Bradley sobbed and
wept and nearly fainted. At 12:30 recess
was taken.
Defense Resta Case.
. The trial was resumed at 1:25 p. m., when
Mrs, .Bradley was recalled to the stand.
Mrs. Bradley, In reply to questions by the
district attorney, stated that whll he and
her husband lived together she gar, him
no excuse for divorce. She then was ex
cused. The defense rested at 1:46.
Max Brown, on of former Senator
Brown, wa the ftrt witness called for
the prosecution in rebuttal.
Mr. Brown testified to frequent visits to
his father' home, of Mr. Bradley and
the child, Arthur. These visit continued
until the fall of 1901.
After the disclosures of hi father's re
lation with. Mrs. Bradley, Mr. Brown said
Mrs. Bradley visited his horn on Brighton
street several times and took meals there.
He said he afterward saw his father and
Irs. Bradley sitting on a bed at the houso
on the ranch. She stayed all night and
left the next day.
Not Breaking; 1 Home.
Judge Wenger of Salt Lake testified that
In March. 1906, Mrs. Bradley tried to get
him to go to Mrs. Brown and Induce her
to divorce the senator so she could marry
him. He said he replied that he was not in
the business of breaking up families.
Judge William King, also of Salt Lake,
testified. Ha said at the Instance of sena
tor and Mrs. Brown, he had made Mrs.
Bradley an offer of a $6,000 home and $100 a
month until the youngest child ws 21
years of age. This Mrs. Bradley Indig
nantly declined, saying she wanted to
marry Brown "and get rid of th old lady
on th hill," meaning Mrs. Brown.
Jam Rowen and A. A. Kelly of Salt
Lake City both testified that during a long
acquaintance with Mrs. Bradley she al
ways appeared rational, pleasant and af
fable. R. G. Livingstone, also of Salt Lake City,
declared that In the fall of 1906 Mrs. Brad
ley admitted o him of having a pistol In a
satchel in Brown' house. Witness went
to get th atchel, but Mrs. Bradley got
there first and was In high spirits ever that
fact.
Court adjourned at 8 o'clock until to
morrow with Mr. Livingstone still on the
stand.
MEN DENY AUTHORIZATION
Fmployr of J. R. Walsh' Companies
Declare They Knew Noth
ing; of Notes.
CHICAGO. Nov. W. -Further detail of
having authorized the use of their names
on the $92. 0 memorandum notes alleged
to have been part of the system used for
the diversion of funds of the Chicago Na
tional bank wer made by witnesses in the
trial of John R. Walsh today. Ten men
whose namea have been shown to bave
appeared on the notes wer examined and
each testified that he had not signed nor
authorised the signing of hi name on any
of th note .
On resumption of th croas-axamlnatlon
of F. W. McLean, former assistant cashier
of the Chicago National bank. Welsh's
attorney drew from the witness an ad.nls
slon that he was mistaken In testimony
which he gave last week concerning notes
drawn between January 17 and April 1 of
14. During that period, he said today,
he mas In California and th note mad
during that time were not mad by him,
a hi former testlmiur bad lndlold.
BRYAN SPEAKS FOR PUBLICITY
Kebraakaa Say Political Tarty Should
Not Sell Poller for Caiasslg
Fand.
WASHINGTON. IX C, Nor. 2S.- A meet
ing of the association for th publicity of
campaign contributions, called by Hon.
Perry Belmont, waa held here today, th
chief feature of which was a short address
by W. J. Bryan. "Mr. Bryan asserted that
if the movement for publicity of cam
paign contribution did not take form
through the democratic members of con
greea during the next session, It would take
form in th next democratic national con
vention, provided he had anything to do
with It. .' -
"Although tho democratic party I not
In a position to draw Its share of cam
paign funds at present," he said, "It has
been In a position to do so before and will
undoubtedly be In that position again
when it make tho necessary promises. I
hope that no party will yield to the tempta
tion to sell legislation or Immunity for
contributions. There I no doubt that such
has been don in the past."
Mr. Bryan contended that the publicity
should be made before a campaign instead
of aftar.
"If a man Is willing to have It become
known that he ha made a contribution
for a publlo benefit," he said, "why should
he object to having It known that he has
subscribed to a political reform?"
Mr. Bryan ventured that not cne public
man could be found who wcnild dare de
nounce, in a speech delivered' before the
election, th publicity movement.
A resolution, was adopted declaring that
senators and representatives shall be urred
to aid In the enactment of the proposed
publicity law.
GERMANY'S EXPENSES HIGHER
Ttt rntr-Flv Millions More Demanded
In Government Boda-et
for Year.
BERLIN, . Nov. 26. The .Prussian Diet
opened today in th White hall of tho
palace, Prince Von Buelow, the Imperial
chancellor. In the. emperor' absence, read
the speech from the throne. It stated that
th growth of permanent expenditures had
Increased the budget by over $25,ono,000.
The chancellor said that a deficit Is ex
pected In' the current year, owing to the
Increased expenses In the railroad admin
istration and that the government would
have to resort to a loan for.'extendlng the
railroad system, building new Voads, double
tracking of old lines, and for additional
rolling stock.
The speech foreshadows a lilll authorizing
the government to acquire Polish estates
by condemnation proceedings under the law
of eminent domain. This measure, which
was actively discussed some months sgo,
Is expected to reopen the agitation over
the Polish question In an acute form.
The government's project has been criti
cised by even the leading- conservative
organs. Th speech from the throne ex
presses the government's conviction that
both houses of the Diet will give active co
operation In the aettllng of this "grave na
tional question." ;
JAPS TO' LIMITS. EMIGRATION
AsaoravneM Given Thla Will Bo Done
Ponding Settlement -of - Bia;
. QaelbttJ '-
TOKKV" Norf B6. Rodblphe- Lemtuex
Canadian postmaster general and minister
of labor, had a conference, continuing
for three hours today, with Minister of
Foreign Affair Hayashl, 'at which th
emigration problem was' discussed. It is
understood that ho received assurances
that the Japanese government Is now en
gaged in planning the limitation of emi
gration to Canada. The opinion is enter
tained here that after the return of Klekl
Tiro Jshil, chief of the bureau of com
merce of the Foreign office, th govern
ment will annnounce Its decision to limit
the emigration of. all classes of Japanese
to America, pending (he adjustment of the
existing differences. A meeting of the va
rious emigration companies, at which the
situation will be discussed, has been railed
to convene at the Chamber of Commerce on
Tuesday, December 3.
INSURGENT GENERAL KILLED
Rafael Montllla, Long; Enemy
Castro, Ambashed In Ven
esaela and Shot.
of
CARACAS, Venezuela, Sunday, Nov. 24.
Via Wlllemstad, Curacoa, Nov. 26. General
Rafael Montllla, known In tho country for
several years past As a persistent Insurgent
and l.andlt, was ambushed and killed last
Friday at Barqulsimeto. Montllla had
fought against the Castro .lovernment since
It came Into power.
President Castro, who has been In 111
health for some weeks, went down yester
day to Macueto, a coast resort near La
Guayra.
GERMANY NOT MORMON FIELD
Proaelyilns; by Ihl Seet Will No
Looser B Tolerated by
Authorities.
HAMBURG, Nov. 26.-The police of this
city have been Informed that thirty-seven
Mormon missionaries sailed from Boston
on the Cymric recently with the Intention
of proselyting In Germany. .It has ben de
cided that any German subjects among
these missionaries will be allowed to come
Into the country, but the others will he re
fused admittance.
TOBACCO CONSUMPTION LESS)
Dors ot Keep Pace with Growth of
Population In lulled
States. '
NEV YORK, Nov. 26.-That the con
sumption of tobacco In America Is not in
creasing in proportion to the Increase in
population, la one of the Interesting facts
brought out In the hearing of the govern
ment's suit against the American Tobacco
company and others under the anti-trust
laws. T. B. Yule, head of the purchasing
department of the American Tobacco com
pany. In his testimony stated that while
the acreage In tobacco had been Increased,
this was due to the Increased foreign de
mand for American tobacco, the domestic
consumption having by no means Increased
In proportion to the growth of the popula
tion. NO GAMBLING UNDER CHARTERS
French Lick and West Baden Hotel
Casra Roereed hy Appellate
Conrt.
INDIANAPOLIS, Ind.. Nov. 2.-Th
French Lick and West Baden hotel iae
were reversed by the appellate court to
day. The decision says the charters
gra.-ted the hotels !ld not authorize gamb
ling. wMch ha been publicly done, and
the case I remanded with Uilructluns to
overrule tU demurrer.
STICkSEY TALKS ON BANKING
Great Western president Makes Plea
for European System.
CENTRAL INSTITUTION NEEDED
He Say Present Flurry Is Canard by
Small ladrpendent Banka Hoard
ing; Cnrreney--Ghoat of
Andrew Jackson.
ST. PAUL, Nov. 28 A. B. Stlckney,
president of the Chicago, Great Western
Railway company, spoke of "The Cur
rency" at the banquet of th Roosevelt
club tonight. He said. In part:
The prosperity of production on the farm,
In the mines and the factories requires
that the distribution of their products
through the channels of commerce shall
be continuous and such continuous dis
tribution cannot be accomplished without
the continuous production of bank credits,
which are an essential part of eaali com
mercial transaction.
Hence the commerce of this country de
mands taht the antiquated primary banks
now in use should be replaced by the mod
ern system of banks which can and will
Issue every day in the year and every
hour of the day all the' credit Which com
merce requires, exercising no repressive
measures to reduce the volume of such
credits except by raising M.e Intert-i. rte
so that every legitimate merchant through
out this vast country can fel assured that
as long as he keeps his buslnesn solvent
and entitled to credit ho can obtain from
the bank credits the conduct of his busi
ness requires by paytng the Interest rate.
System that ISeTer Failed.
Such a system now exists In every com
mercial nation except the Vnned Slates
and has been tried and proven througn
all the commercial storms of the last cen
tury and ha never failed.
The purpose of the organization of the
modern and most Improved banking system
Is, first, to economize In the line of the
gold required for reserve, because gold is
expensive and difficult to obtain, and, sec
ond, to mass It In such quantities and hold
It In such a way that every customer ran
know that the bank has it and that It Is
really immediately available to meet all
the demands tor gold which will be niado
upon the banks.
The banks of this country are not part
of n whole plan connected In such a man
ner as to create a chain of mutual support,
bul they are local and independent Insti
tutions". In times of commercial crisis each
must depend upon Itself, and It Is evident
that one bank without the co-operation of
the other vanks cannot support tho enor
mous credits of a commercial nation like
the I'nited BtaleB, each begins to scramble
to increase Its cash reserve at the expense
of the other banks.
Bank Hoard Money.
Such conditions now exist among the
country banks. Each country bank Is
hoarding all the money It can get hold of,
which produces a shortness of money In
circulation. Beyond question there is suf
ficient circulating currency -represented by
notes In this country If allowed to circu
late to supply till the demands of com
merce and the present apparent shortage
is duo entirely to the country banks hoard
ing it and refusing to allow it to circulate.
Unquestionably the money which usuully
circulates from bank to bank and from the
banks to the people and from the people
to the banks the money which under nor
mal conditions pays pay rolls and petty
bills, Is now hoarded In from ten to fifteen
thousand country banks and relief from the
present stagnation will come only when
the country banks return such money to
circulation.
If they can get courage to return their
surplus money to circulation before con
ditions get so bad as to alarm their own
depositors all will be well with them. But
If, on the other hand, they continue to
hold on until general distrust of all banks
is produced the cqwutry bunk which are,
now h'0rding the money will be the first
to xa to Uie wall. , -SuuU condition, would
be Impossible If the bank of tbts country
Wore a system of banks. .
The unseemly scramble after money to
maintain reserves is never witnessed In any
other commercial nation, because oil com
mercial nations except the United . Status
have systems of banks so connected that
each banw' constitute a mutual support to
every other bank. ' -
Example of England.
In England, where this system of bank
ing has been most hlgli developed, the
Bank of Knglund holds ti. gold reserve of
all the banks and of the nation itself. The
reserves of the other banks are credits at
the Bank of England. Under this system
gold which is withdrawn from any bank
is obtained from the ilnnk of England and
ufter circulating for a short tlmo In do
ineHtlc exchange Is returned In tha course
of business by some bank to the Hank ol
Knglund. Therefore practically the sole
leakage of the reserve Is for exportation
v. lien the conditions of foreign commercs
are adverse. The duty of managing the
foreign exchanges is delegated solely to
the Hank of England. The system knocks
out a system ot useless bank credits and
therefore largely reduces Uie amount of
reserve required.
At tho present time the gold reserves of
all the banks of England und Scotland
which support the vast credit necessary
not only to effect the domestic exchanges
but the International' exchanges of tho
whole world are between Jluo.OoO.CKN) and
tL'OO.lt'C.OOO, held In one huge pile In the
Bank of Egnland.
The gold In this country held In the
United Slates treawury and In the reserve
of the banks. Instead of being a paltry
H--iiVi,OK) to $.JiR,;va!.uOi). at-'Kregntes the
nor., o f um of nearly ( r q ilte Ji.i.01,0 0(00
and yel all the banks of ln reserve cities
of the I'nited States have been compelled
to suKpend the payment of money.
All Hunk Pnulca Preventable.
Would that I had ability to arouse the
American people to thu importance of a
banning system. In panic after panic llicy
have suffered, but their minds seem to 00
possessed with tne faialism of me Turk
"It is the will of Allan.". But 1 say It is
not the will of God that produces bank
panics. History ubuntlanlly piuves thai
such panics us occurred in llilu country la
lwT, Ibo',, la. 3 und liiu are preventable by
a known and proven sykiein of banning.
TtiiB system 1ms been adopted by the
countries of continental Europe. The I'nited
States la the only nation in the world of
commercial importance which bus noi
auupled it. it is a remarkable fact that
during tiie lost panic, while thu commercial
crisis was untvei tul, there were uo bank
panics except in thu I'nited States. In no
other country was thu commercial cilsls
coutinueu so long und in nu uincr coumry
did the people disirust the solvency of iheir
bunks und in no other country were tuere
bank failures.
'j his m ii-m bus not been Introduced Into
this country because commerce und bank
ing are not free und our luws lorbid it.
but stands In the way of repealing Iheso
la. s. .oUiihg but the ghost of Andrew
Jackson.
to legislation whatever is required except
to repeal the provisions of the nullonal
banking act, which pi event bunks from
doiii nusihefcs except ulohe us stecliied and
which prevent nationul banks from deposit
ing their reserves in unoiner bunk in ihe
same uy, to repeal the laws as to reserves
and th sublriRsury laws and to duxvt .lit.'
tax collector to remit directly to a dilg
nuted central reserve buna, the genius of
commerce Inherent In tne American people
thuu mude free, will do the rest.
FOUNDER'S DAY AT HARVARD
Three Hundredth Anniversary of
Birth of John llurtard la
Fittingly Observed.
CAMBRIDGE. Mms., Nov. 2. Founder's
day und the South anniversary of the birth
ot John Harvard were celebrated today at
Harvard university. At morning prayers
the students were addressed by Prof. E. G.
Peabody and Dr. Lyman Abbott. The
most Important function will bs the John
Harvard birthday dinner. Delegates from
alumni clubs of the university in all parts
of the country will be present.
F.nda Life at -Maef y-.NIne.
FALL RIVER. Muss. Nov. :U -At the
age of years, I'hurlen w. CI. ace, a
woll-to-do farmer, decided that life was not
worth living and committed suicide. H
took psrls green and as dead when found
He left a note saying that be was tired
cf Ufa.
CANNON SELECTS COMMITTEES
Speaker of Hoosr Will Canae little
Delay at Opening of
Con arena.
WASHINGTON, Nov. 26. Speaker Can
non I dividing his time these days be
tween his dentist and the member of the
house who are seeking committee assign
ments. The afternoons are given to the
members, but while he listens carefully
to all of them, he has not so far made
any promises. The speaker 1 hopeful
of completing hi assignments before the
Christmas holiday.
The , Fifty-ninth congress had been In
session only seven days when the speak
er's announcement waa made, the time
being the briefest ever taken by i a
speaker In filling the committee except
In the Forty-third congress, when only
four day were required. In the Fifty
eighth congress twenty-six days were re
quired, but that congress convened early
In November, leaving the speaker less
time for preparation In advance of the
meeting than he had In 1906 and will have
this year. Speaker Hendorson took only
eight days to form the committees for the
Fifty-seventh congress. The longest
time taken In recent year for thla wa
131 days, which Speaker Ueed allowed to
elapse before naming the committees for
the Fifty-fifth congress, the delay being
due to the tariff fight of 1897. That con
gress met on March 16 and the commit
tees were not organized until the latt.T
part of the summer. There wero several
efforts on the part of democrats and so
cialists to force earlier notion, but the
epeaker held his ground and refused to
make his selections until ready to do oo.
In the Forty-second congress Speaker
Blaine consumed over nine months' time
after the congress convened In selecting
his committeemen and there was almost
as much delay in the Fortieth, when the
fight against President Johnson was In
progress.
RAILROAD GIVEN NEW TRIAL
United State Conrt of Appeal He
verses Colorado North
western Salt.
ST. PAUL, Minn., Nov. 2ft.-In the United
State court of appeals today, Judge Sun
born gave th decision of the court In the
case of the United States against the Colo
rado & Northwestern railroad. In which
the judgment of the district court In Colo
rado Was reversed and a new trial ordered.
The condition now exists that the circuit
court of appeals for the Sixth district, em
bracing Ohio, Michigan, Kentucky and
Tennessee, has held that a railroad comes
subject to federal control only when Its
lines cross the border of the state, a deci
sion Hrectly opposed to the decision of the
Eighth Judicial district given today.
The action of the government In the
Colorado jcase, was brought to recover pen
alties from the railroad In two cases of
Alleged violation of the Interstate com
merce safety appliance law, In thot the
Colorado & Northwestern accepted two
distinct shipments of freight, which the
company accepted from other line In cor
which were not equipped with automatlo
couplers. The district court Instructed the
jury for the defendant, and the govern
ment appealed.
Judge Vandeventer concurred with Judge
Sanborn, who held In effect that the Colorado-road,
although, not an Interstate line,
became subject to federal control when It
accepted freight from line coming from
without the state. .
Judge Phillips dlasnnted from this view,
holding that the road vas bound to accept
the freight and passengers under Its state
charter by whomsoever tendered and from
whence It comes, whether within or with
out the state, and that its responsibility Is
limited by the local law.
TWO WEEKS SET AS LIMIT
Resumption of Specie Payment In
that Time Different Pinna
Sogaested.
CHICAGO, Nov. K6.-D!rect reports to
the Chicago Clearing house from hundreds
of western cities encouraged ths local bank
er yesterday to believe that a resumption
of cash payments will be possible within
a fortnight.
When the clearing house committee met
the members had before them more than
600 letter In reply to the circular letter
ent out last week asking for statements
of conditions throughout the west. Prac
tically all of the letters, It was announced,
expressed a willingness to co-operate with
the Chicago bankers In resuming a cash
basis.
There wa considerable diversity of
opinion, however, as to how a general
resumption should bo brought about. Some
thought It feasible to 11ft the lid In every
banking center on the same dny; others
that the loosening of cash should be a
gradual .movement, beginning In the esst
and spreading to other parts of the coun
try. NEW YORK, Nov. 26.-The rates for
money loaned on call In the stock market
went as low as 3 per cent In the final hour
of trading today, for the first time In
several weeks. Since the financial string
ency began per cent has been about the
lowest rate.
STATE MUST OWN THE POWER
Governor Deneen Declares Qaeatlona
of Private Ownership Should
Not Re Involved.
SPRINGFIELD. 111., Nov. 20. Governor
Deneen todiy unt to the legislature a
mi'ssage relating to the conservation of
water power as incident to construction at
public expense of the proposed deep water
way from the great lakes to the Gulf of
Mexico. Involving an expenditure of 13),
jno.ooo. The mesHUge said that In order to
secure approval by the people of s consti
tutional amendment authorizing such ex
penditure It is essential that the water
power, developed by the expenditure of
LUCOO.vCO, should be owned and controlled
by the statu so that the state may tie re
couped for Its expenditure and' a fund cre
ated for further development and exten
sion of the International waterway system
und thut the development should not be
unnecessarily complicated by questions of
private ownership.
PEOPLE'S PARJYMASS MEETING
Thirty Populists Gather at St. I.onla
to Ki Convention
Date.
ST. IXil'IS, Nov. M. The national com
mittee of the p-j'!' party r,t In confer
ence s.t the St. James hotel toluy for the
ostensible j,"..rpose of fixing th time and
plaits for holding the nonlnatlng conven
tion of l'.V. About thirty u .,
when tho conference was called to order
uy jmhioiikj ciiumntin junim h. Perrlss
of Jollet, IK. The conference will probably
eonilhi: th"ugli fijjitrow. St. Louis,
Kansas City. ;nc'h.natl. Chicago and ln
dlunapol'a are In the fuid for the holding
of th convention
PROGRESS OF CANAL
Commission Reports on Work Accom
plished During; Year.
CONTRACT PLAN IS A FAILURE
Project So Larje that No SyndicRta
Can Handle it Successfully.
CONTINUITY LN WORK NEEDED
No Private Organization is Big"
Enough to Secure It
LABOR MUST COME FROM ABROAD
Government Will Have Mark Less
Trouble In Securing: It Than
Would Private Parties.
WASHINGTON, Nov. M.-Under date of
October 17 Lieutenant Colonel George W.
Ooethals submit to the secretary of war
the annual report of the Isthmlnn Canal
commission. The report opens with a state
ment of the present formation of the com
mission, and the division of labor between
the departments of construction nd engi
neering, department of labor and quarters,
department of sanitation and department
of law and government. The work of th
departments ia given in brief, that of
construction and engineering showing th
work of dredging and excavation to b
fully up to the expectation of the com
mission, 5,765.014 yards of material having
been removed In the Culobra division dur
ing the fiscal year 1SW7, and a total cf
8.076.3n since the United Btates started
work. In the Colon division l,112.S?l yard
were moved In the year and J,00,B6 since
the United States took charge. In th
La Boca division 1.236.897 yards were moved
during the year and 2,315,437 since the work
was started.
Foundation Work Tested.
The department of construction I St
work on the dams and locks. It has thor
oughly tested foundations for dams and
has tentatively decided tho form of locks
to be used, these varying with loyal condi
tions, while many surveyB have been made.
The principal completed work seems to
have been done by tho division of munici
pal engineering, the report showing that
about $1,741,963 has been spent, divided
about equally between work In Tanama,
Colon and the canal sone. For the money
spent In the towns the United State will
be repaid by collection of water rates and
work in those towns will cost about $l.7T0,
000 when present plans are carried out.
The report deals with the work at length,
showing how the towns and working sta
tions have been equipped with water plan
and streets and roads have been paved.
The division of motive power and ma
chinery says that sixty-three steam
shovels, 24 locomotives, 2,706 dump cars,
eighteen unloaders, thirteen bank spread
ers, thirty-three unlondlng plow, thre
track shifters and seven pile driver ar
nowrcdy for service; that coal chutes,
air compressors and ' similar " machinery
have been Installed. For th accommoda
tion of gold employes NA quarter wero
constructed and for. the silver employes 83S
buildings were erected. Thirty-three house
were built for hospital purposes. The
average force employed In this work wa
3,570 and the expense wa $4,857,587.57. The
division of material and supplies purchased
merchandise to the value of Ifi.oO'J.ono, 90
per cent of which was from the United
States.
Contract and Hired Labor.
Dealing with the question of contract and
hired labor. Colonel Ooethals says:
The question of government work versus
contract In connection with tho Pnnuma
canal has been discussed, und a conclusion
reached In fnvor of the former method
because of certain stated advantages that
are claimed to result. To those familiar
with river und hurbor Improvements, erec
tion of public buildings, lighthouses, etc.,
and with, contracts under the government,
the advantages set forth me not so ap
parent or reul.
It Is claimed that contractors have un
der their control and at their disposal
trained labor forces, and that by a com
bination of such forces, through an as
sociation of contractors, tcm work will
result, thereby accomplishing tne desired
end more quickly. As a matter of fact,
conditions seldom enable a contractor to
maintain intact his entire organization on
one piece of work for transfer to an
other; the completion of a Job means th
disbanding of the force, and, though new
work may bring to him some of his old
men, a new organization must in each case
be perfected.
,The Panama canal presents a plec of
work unprecedented In magnitude, which
must be done under conditions entirely dif
ferent from similar classes of work In
tho United States. The work naturally
divides Itself Into dredging, dry excava
tion, the construction of the locks unit
dams and the construction of the new
Panama railroad. There Is no contractor
or syndicate of contractors that by ony
combination could bring to the Isthmus
an organisation ready for team work on
any of these units. While It Is possible
for several contractors to combine forces,
assuming thut a sufficient number of
men can be gotten together In that way,
there still remains the necessity for
whipping this force Into shape In order'
to secure an organization that will pro
duce the team work so advantageous in
the accomplishment of results.
Labor Must t'onie from Abroad.
From the United States the supply of
labor Is the. mime whether the work be
done by contract or by the government,
and the chaructor of the labor must be
the same. .So long as work Is plentiful
the dread of the tropica will deter men
from Keeking work here In preference, and
thla la equally applicable to the con
tractor ami the government. An adequate
supply of labor from the United States
Is not posslhle, and recourse must be had
to securing It abroad. The records here
show that no contractor can even at
tempt to recruit labor in the West Indies,
and that great opposition will develop to
any recruiting by authorized agents of
the commission If the labor procured Is
turned over to contractors These Island
governments can not be blamed for their
hostility toward the latter because of
their experience under the French, which
left an Indelible 'Impression throuKhout
the West Indies. A representative of th
Italian government has recommended to
the authorities thut Italian labor be per
mitted here for employment under tho
commission, but he Is not favorably In
clined to the ctintrol of such labor being
vented with a contractor.
It Is true that In some cases the con
tractor may base an uciiialntahce which
will enable him to secure suitable men
more .easily than a government agent,
and. again, he may bring to a work a
sreater experience, but so far as tb most
Important parts of the Panama canal work
are concerned, thla advantage la not up-,
parent.
Continuity of Conalrnetloa,
Experience haa shown that continuity of
construction Is more apt to result in oases
where the government undertakes th tusk
than when it Is turned over to contractors.
Thla can be easily vended by un examina
tion of th records (the number of ral Ing
contractors) to be found in the offlce of tho
chief of engineers. For all woi k d'.i, bv
hired labor continuity of work Is merely a
question of continuity of appropriations
It Is true that contlnu'ty may Ui equally
Insured by turning the Panama canal work
over to contractors. If the contract la ao
drawn that practically all risks are aaumed
bv the government, but why this ehould bo
done, at a considerable Increase In cost is
not apparent.
To anyone who has bad experieac WltU