The commoner. (Lincoln, Neb.) 1901-1923, November 08, 1907, Page 8, Image 8
&&" a Tires Gominoxfefc. VOLUME 7? NUMBER 4 8 "t'i ii-waiLaiiJBjuPgJiii j mr' ww u i 1 1 ' d .j. wl CURR6NT GOPICS ' & If &i$b5B2 , , i ijjU!juiiu 1 "' iffrK rr rmym" MHVrSfl nV"' -r: I' s&aw JS3k &2MZL '"' n . !. . '3raiateag3irP'UILl'li"w in .iu ma " ' ! 'Hlft.iy.1 I" -HiCfciBiJ - H V i. " IK. W7 r K !H 7 R i v. rrUIE OFFICIAL vote in tho Oklahoma clec X tlon was as follows: For the constitution 180,333 Against tho constitution 73,059 For prohibition 130,3,61 Against prohibition 112'o5n For governor, Ross, socialist 9,240 For governor, Frantz, republican 4.06,507 For governor, Haskell, domocrat 134,162 The majorities for other candidates on the state ticket were greater than Governor Haskell's not withstanding his-vote was larger than anyother .mtin on tho ticket, but no democratic candidate ran below 129,000 votes. THE 'PRESIDENT has announced that on No .. vember 16 he will sign the Oklahoma con stitution and proclaim the state, Oklahoma be ing the forty-sixth in the. order of admission. Referring to this assurance a writer in the New York World says: "Mr. Roosevelt does not Indorse the very radical constitution of Okla homa, but his duty under the act of congress is- to' admit tho new state when satisfied that it has r provided a government 'republican in form.' ' He will hand the state over to demo-. cratic ofllcials already chosen. Political and. sectional considerations havo always ruled in the admission of states. At first southern and ndrthern states were admitted in pairs or alter nately, fiv3 of each joining the union up to 1821. ,In that year Missouri's admission niark'ed the' movement westward. The longest' gap in state-making ended when Arkansas was adniit ted fifteen years later. Michigan followed. Then Florida and Texas Were offset by Iowa arid "Wisconsin. "Wisconsin in 1848 brought the 'ttitaV up to eight northern and nine southern spates admitted, and Toxds'liad the right "'to divide 'into four states, a right which will prob ably never be claimed. With 1850 began the admission of debatable states. California was safely neither southern nor northern. Minne sota and Oregon gave the admitted northern states a majority of one; Kansas, admitted-January 29, 1861, had been 'claimed by the.slavery and anti-slavery men, and 'the 'latter had won. West Virginia was . admitted as a war measure in 1863. Since then no state has been admitted south of the line defined by the Missouri compromise. Oklahoma will be- ttie Ulli JU V"J M.VXAM. J V.WU, fcO " k MADISON, Wis., dispatch to the St. Paul Jtjl Pioneer-Press says that a committee was organized! at Madison to promote the candidacy of Senator Robert M. LaFollette for the repub lican nomination for president. The confer ence at, which the committee was appointed was .attended by thirty leaders .of tho state. An executive committee to direct the work was also chosen. , f OVERNOR STOKES of New Jersey signed, VX on October 29. Senator Colliv's hill nrn- I; viding for a popular expression in the selection oi , unueu states senator. The governor also signed the direct primary for the nomination of all candidates for office except governor, con gressmen and-presidential electors, by direct pri mary vote instead of through delegates. O 'tttILLIAM B, RIDGELEY, comptroller of the it- other national bank having capacity for inT creased circulation to take out tho additional notes. National banks aro urged to take this question up immediately with the department by telegraph and tako out the additional cir culation as rapidly as possible. The comptrol ler's ofllce will be glad to furnish whatever in formation is needed in regard to circulation printed and on hand and bonds available tor this purpose." I currency, issued on October 30 tliln ntnfo. mont': "Tho comptroller's office will in every proper way iacuuato tno immediate increase of national bank note circulation. With ' this end in viow all such national banks as have government bonds in the hands of the treasurer of tho United States to secure deposits, and also have any available capacity for increased circul ation, will be allowod to substitute other bonds satisfactory to tho secretary of the treasury, is a basis for government deposits, provided tho go ornment-bonds thus released are used tg. in crease circulation. This rule will apply not only where tho bank transferring the bonds from the deposit account to the circulation account take out additional circulating notes, but also where an arrangement can bo made for any O N EXPLAINING tho Ridgeley statement the Associated Press said: "The object of Comptroller Bidgley is to give quick relief 'not only in the large cities, but also in the country districts where the banks have difficulty in ob taining currency from their reserve agents. Many banks have less than the maximum ambunt of circulation outstanding. Many of these -have given bonds on deposit to secure government deposits. Mr. Ridgley is urging these banks, to substitute other bonds acceptable to the sec retary pf the treasury and have the government bonds thus released for taking out increased circulation. There is a possibility of increasing thq circulation from fifteen to twenty million dollars in this way, which circulating notes are now on hand in the vaults of the comptroller's ofllce. There are over ninety millions of gov ernment bonds in the hands of the treasurer to secure government deposits, and it would be possible to increase national bank circulation "by over $300,000;000 before the limit of capital stock is reached. The telegraph and telephone lines aro being used to urge banks to take prompt action in this matter."" A GUTHRIE; Okla, dispatch -says:' "A 'Guth rie newspaper man, L. G. Niblack. will administer the oath of office-to Governor Charles N. Haskell of Oklahoma. Tho inaugural "cere monies will be conducted here Saturday j No vember 16, the day statehood for the two ter ritories becomes effective. A feature of the oc casion will be a barbecue in the afternoon.' The inaugural ball will be held at night. Mr. Niblack secured a notary's commission at the request of Mr. Haskell." J O UDGE PETER ,S. GROSSCUP. of the United d isr.n.T.GS court oi umcaeo lias Deen maict- od nnd arrested together with other directors of the Mattoon and Charlestown Interurban Railway. Judge Grosscup and his associates are charged with manslaughter because of the collision on an electric railway 'at Mattoon, 111. in which collision several persons were killed. Judge Grosscup was released on $5,000 bail. A CABLEGRAM from Berlin says: "Maxi milian Harden, editor of Die Zukunft, was acquitted today in the suit brought against " hlniby General Count Kuno Von Moltke. form erly military governor of 'Berlin, for defama- . tion of character. In addition General Moltke was condemned to bear the costs of the trial. The trial, which began October 23, attracted the greatest interest throughout Germany. . Counsel ' for Harden charged that the court clique, of which Von Moltke was a member, was guilty of infamous practices, and also had sought to exer cise undue influence over Emperor William. The name of Prince Phillip X. Zu Eulenburg, ex Gorman ambassador to Vienna, and Lieutenant General William v6n Hohenau, one of the em peror's adjutants, were mentioned by Harden as being members of the clique referred to as the 'round table,' and an army officer who had served at Potsdam testified to having taken part in orgies at the house of Major Count Lynar, which had resulted in the dismissal from the service in disgrace, of the count and Lieutenant General von Hohenau. Von Moltke denied that such a clique as tho 'round table' could exist and a4so denied the other charges brought against him., Harden declined to withdraw any thing he had. written on the subject, but said he did not accuse Von Moltke of crime. Justice Kern, tho presiding judge, today mode the, ver dict as easy for Von Moltke as was consistent with the conclusion arrived at. He said Harden was justified in what he had written, but ther was no evidence' that Von Moltke had at any time acted upon abnormal inclinations or that ho knew what took place at Major Gount Lynar's villa or of Lieutenant General Hohenau's be havior. The trial is. already having considerable political effect. One hundred and forty socialist daily newspapers are attacking the monarchial principle with studied fury, mocking, sneering savagely and assailing the exotic conditions which have been described as 'flourishing in tho hot house atmosphere of the court.' " .qpHE FINANCIAL AGE, a New York publica X tion, has this to say concerning the origin of the financial difficulties: "The commence ment of the trouble ni New York City can be directly traced to the cupidity of a few rich .directors who controlled banks. We are not . referring t6 the Heinzes, or the Morses, or tho Thomases, but to the men who deliberately sold out their depositors by disposing of their stock to a lot of plungers and wreckers for the few thousand dollars they received above the market value of their holdings, with a full knowledge of the caliber of the men to whom they were making the sale. They are the men who should be held responsible "for the present trouble. It may be said that a bank director has the same right to make money as any one else. True, but he has no right to make money by jeopardizing tlie money of the depositors who, because of .their confidence in him, have caused his stock to' be worth so much more than he paid for it. His moral duty remains and should be placed ribove any business cupidity." THE WALL STREET Journal is responsible for the following: ' "The ' average price of twenty railroad stocks is now at the lowest point it has ever touched since the date of the second election of McKinley. The record is as follows: November 7, 1900 ; 82.83 January 22, 1906 . 138.36 Gain , 55.53 January 22, 1906 138.36 October 29, 1907 83.49 Loss 54.87 Thus in less than two years the Btock market 'has lost all that it gained in the preceding five years. As a matter of fact, at the present level the average price represents only the gain that was made during the first administration of Mc Kinley. From August 8, 1896, after which the election of McKinley appeared to be probable, to November 7, 1900, when he was elected for a second term, the gain in the average price was 41.01. The gain in actual values as determined by the earning power of the railroads has been immensely greater than anything now indicated by market prices." AN ASSOCIATED Press dispatch under date of Washington, October ..3,1, says: "Treas ury officials are agreebly surprised at the number of banks throughout thecountry which have al ready indicated their purpose to comply with the suggestion of Comptroller Ridgley that addi tional circulation be taken out. , Although the suggestion was made only yesterday afternoon, a large number of telegrams were received at the department as early as 9 o'clock this morn ing asking for additional circulation varying in amount from a few thousands to $2,000,000. George E. Roberts, former director of the mint and now president of the Commercial National bank of Chicago, is here, and has "engaged $2, 000,000 additional for circulation for his bank. Sol Wexler, vice president of the Whitney Cen tral National bank of New Orleans, is also here and is making arrangements to materially in crease his holdings. Other prominent bankers, through Washington representatives, are ar ranging for the deposit of the necessary securi ties preparatory to taking out national bank Rotes' to the limit of their capital stock. The comptroller now has in his vaults national bank .currency to the amount of $167,000,000, and, while a considerable proportion ot this belongs to banks that have already reached their limit utt , " -