The Omaha Daily Bee
VOL. XXX VII NO. 115.
OMAIIA, "WEDNESDAY MORNING, OCTOBER 00, 1907 TWELVE PAGES.
SINGLE COPY TWO CENTS.
I
BIG. BALANCE AWD
tnormoui Export! of St 'rJ?,r
IP
Clanry financial auuak
iWSTt MILLIONS ARE
flow of Gold from Europe May Brea
All Records.
DATS EVENTS ARE FAVORABLE
Brokers Refuse to Make Deals Except
on Cash Basis.
fcARGE BANKS GAIN IN DEPOSITS
Mmnf tkat Wa la Institution that
Wn Under Suspicion Again
Available foe Basiaea
Call Money Lower.
KBW YORK. Oct. a The enormous In
fluence which American product are. ex
erting on the building up of credit balance
abroad has .been the most signal develop
ment of the financial situation today. Re
porta from all quartern show that the great
American staple wheat, cotton, copper,
tobacco, oil, meats are on their way to
Europe, this being the season of the year
when American products are marketed
abroad. The immediate effect of these
shipments Is to give the United States
credit abroad which can be speedily con
verted Into cash. These natural resources
cf the country promise to exert even
greater Influence than the sale of American
securities abroad. The latter have to some
extent suffered discredit under recent pres
sure, but the Intrinsic value of American
staples used abroad and their colossal ag
gregate at this period of the year Is be
' j-ond the reach of financial distrust.
Th foreign sales of millions of American
copper yesterday were supplemented today
by reports of similar heavy export, today's
shipments alone giving a foreign credit of
Sl'4.000,000. Tlio shipments of tobacco to
Europe this year promise to break all rec
ords. Officials of the American Tobacco
company estimate that the year's exports
will exceed 60,000,000 pounds of manufac
tuted tobacco, which Is far In excess of
the amount exported last year. Europe
will pay over $l"0,0CO,000 for this tobacco,
and much of this money will soon be avail
able In this market, as the contracts with
European Importers call for Immediate pay
ment on delivery. Shipments of tobacco to
-tv. win tu-Kln in November and De
cember. Reports from the south show that
the cotton crop Is moving toward iurope,
while the west is sending grain and meat
products In the same direction.
More Gold Ena-aaed.
Several favorable events marked the closo
nf the flnnnelul day In New York. The en
gagement of AWiO.OOO in gold by the First
. - . . i tM rfwirt V...
. National bank or tjnicago anu ui j
-r. v.i..b krnnihi the total cold en-
' gage-1 for the week close to S30.OUO.000, in
spite of the cancellation or an oraer or
S900.MQ by tle RussO-Chlnese bank upon
jtho ground that tho .amount .engagco,
.Wrt. necessities.' The raining of the Oer
'man rate of discount In order to prevent
Amorlou from drawing German gold pro
luia little effect 011 the situation, as none
of the gold engagements thus far have been
made In Germany and most of those antici
pated were from other European money
- tnarkntS.
Vhll money at the stock exchanges was
loaned during most of the day at high
r.i. It tell near the close to per cent
.,flw of several million dollars at that
rato being made by a number of leading
barJts.
larire Banks Gala Deposits
Comparative calm reigned among New
York bankers. They all reallxod tnat tne
nreaaiira for money was not over, but they
felt generally that unreasoning- panlo was
at an end, that they would be ablo to
meet ail reasonable demands lor currency.
Thaeai demands are coming In considerable
mount from the west and south In order
to obtain money to move crops, and It. la
feared that the sections where the move
ment Is largest may be more or less
hampered In their efforts to retain Tunas
The Ken era 1 refusal to pay cash for hoard-
inn. In the west and south as well as In
New York. It is believed will prevent tho
undue absorption of currency and permit
the employment of what is available in the
most effective manner. The largo banks
of this city are gaining deposits from tho
banks which have been under suspicion
and this lends in a measure to concentrate
money where it con be used most effeo
tlvelv. hut on the other hand It created
debit balances at tha clearing house against
the banks which are losing deposits, wiiietv
are not always easy for them to meet
without sharply curtailing their loans, even
with the assistance of clearing house cer
titles tea. '
Runs upon the banks are practically over.
1 -arsons who D resent laraa checks and ask
for their payment In currency are Invited
la ronsult the bank officials. In - cases
where their need for currency is evidently
legitimate they usually receive It. In ruses
whure It Is souaht for hoardlna- they are
usually convinced that money is better off
in tha banks or mat they should accept
-rtlfled checks for dcuoult cWwhert.
The arrival of nearly fJU.OOO.OOO In gold. It
la believed, will considerably relieve the
situation and perhaps make rail money a
little lower 011 the Stock exehanre.
'Ilia decline In stocks today was generally
attributed to the continued scarcity of
monev for speculative rjurDosea. the r-fuaal
of brokers to make transactions except for
casn ana me aDxenee 01 ouying interests
under present disturbed conditions.
o More Failures.
Aside from the satisfactory local con. II
tlona. renorts from all tiointa showed a fa.
vorablo tendency. In New England there
waa "to sign of serious unrest, and the re
cent iglat urbane In Rhode Island is nractl
cally over. No failure waa recorded at any
point throughout the country. It should be
burn in mind In tills connection that there
are over II.60O banks in the I'ntled States
and that the number of Institutions which
have recently failed la of insignificant pro
Dortlona as comrjaiwd mlllt this total. It
waa pointed out today that the failure of a
minor bank la Immediately known from
Jftlld to ind of lli. noiltitn whAw.i fHtt nnk.
Ilo overlook the fact that some 12.600 banks
are open lor business ana that no Import
ant una-s anywner nave snown in si 111 1
eat Siena of unaoundnea.
On the whole tha hank In r mimmnnltv
take a favorable view or the outlook and Is
practically encouraged by tha large credit
secured through enormous shipments of
American prouuets
Tlte subtreasury today transferred fo
banks tCW,X.O la currency to titan Kraoclsc
ICotituiued on Second Page.)
SUMMARY OF THE DEE
Wednesday, October 30, 11107.
1007
UN M0
OCTOBER
190?
wis two ret sat
2 3 4 5
9 10 II 12
16 17 18 19
23 24 25 2G
30 31 1
I.
8
, 14
TXB wEATntrnv.
FOR OMAIIA. COUNCIL BLUFFS AND
VICINITY Fair and colder Wednesday.
FOR NEBHA8KA-Generally fair Wed
nesday.
FOK IOWA Threatening, with showers
In east portion Wednesday; colder In west
portion Wednesday
Trtuprratore
at Omaha 1
Hour.
6 a. m
' S a. m
7 a. m
S a. m
t a. m
10 a. m
11 a. m
12 m
1 p. m
2 p. m
3 p. m..,..
Deg.
.... 4
.... 47
.... 48
.... 48
.... 48
.... 47
.... 48
.... 47
.... tt
.... 46
.... 47
DOMESTIC.
United States Steel company declared
ts usual dividend. The report of Chair
man Gary shows large orders on books
and the demand for steel) and Iron con
stantly Increasing. Pago 1
The German bank's rate of discount
was rained 1 per cent, but business
conditions In the east are resuming the
normal, with the exception of precautions
taken against payment of currency. Im
portatlons of gold have been heavy and
deposits of the government In banks
heavier than at any business crisis be
fore. Holidays were declared In Oregon
for tha balance of the week. Washington
banks declare they have felt no effects
whatever of the stringency. Fag 1
Pennsylvania railroad denies rumor that
It la about to lay off a large number of
railroad hands. Pugs 1
Kaiser Wllhelm der Grosse went half
way across the Atlantic without a rudder
n a stormy sea. Pag 1
Federal Judge W. W. Morrow of the
United Slates circuit court in San Fran
cisco holds that the act 'of the Southern
Pacific road In disposing of laud to
which patents have been recalled is
wrongful. Par 1
Judge Grosscup has been indicted by
the grand Jury at Charleston, 111., as a
director of the Mattoon Interurban road,
on which a naccldent recently occurred
with many deaths. Pag 1
Inspector general stands by the action
of the board In suspending the certificate
of First Mate Hendrlcksnn, in charge of
the. San Pedro, which collided with the
Columbia. Para 1
Black Hand In Brooklyn kills a member
who-failed at task of murder assigned
him. Jar 1
poBxxair.
Editor Harden of Die Zukunft has been
cleared of liability in the libel action
brought by General von Moltke. .. Pag. I
Chinese government has deolded to
start government newspaper in various
provinces to combat the revolutionary
spirit. ag 1
Secretary Taft makes a long trip to In
spect new mines in the Philippines.
i- Pag 1
King Alfonso had a narrow escape from
Injury In a railway accident at Cher
bourg. rag 1
TXBBASKA.
Nebraska Railroad commission fixes
November 8 as date of hearing on re
quest of railroads for Increased switching
charges In Omaha. Pag 3
Republican committee meets and hears
reports from over the state. Everything
iooks lavorable. Sheriff McDonald of
Douglas county slow to let go of the Jail
grart. Fas a
IOCAX.
Doings of the Omaha social world.
Tag's 5
Union Pacific road orders usual curtail
ment of work for the fall and winter
season, but this has nothing whatever to
do with the financial situation. Par 1
uosnip in the local political field.
Pag 1
Packers Insist the wholesale price of
meats have been reduced and the retail
butcher are as Insistent such is not the
fact pur, a
J. H. Millard and other Omaha bank
ers see an early termination of the pres
eni nnanciai condition assured. Omaha
banks ship cashiers' checks to country
currerpnnurnis in rexponse to requests
ror currency. Par 1
MOTIMISTS OP OCBAB STEAMSHIPS.
Port.
Arrived.
Sailed.
NKW YORK . .
NAFLKS
MAHSKILLRS
MAHSKIIXES
HOTTKHDAM
Minnehaha
CarpaitiU
' ralat.r'i,
IHadonna.
Potadara
CHRIttTlA.NS'D . C. t.
Tleijao.
MAVRB
CIlKMBlltRli
PI.TMOt TH
liKKMKN ...
JON1KIN ....
GIBRALTAR
Laflttrogne.
61. Loula.
Prealdvot Grant.
Trove.
Mlnnetonka
Kanlg Albart
ADAMS' TRIAL MOVES SLOWLY
Kla-aty Talesmen Examined Without
Secnrina; Twelfth Man
for Jury.
KATHDRl'M. Idaho, Oct. 29. In the trial
of Steve Adams, member of the Western
Federation of Miners, charged with th
murder of Fred Taylor, , a settler, little
progress was made today In securing a
Jury. When court adjourned Friday there
were eleven Jnrors in the box. Since than
eighty talesmen have been subpoenaed and
from this not one n selected to fill the
punel. The stale had completed its ex
aminatlon for cause and the defense had
exumlned three when the court today took
recess.
J. II. Uawley, chief counsel for the state,
has not yet arrived. Clarence Darrow
chief counsel for the defense. Is also ab
sent, but both are expected at once.
It Is stated that Governor Gooding will
be present during the trial. Warden Whit
ney of the state prison arrived today
Thus far only half a doxen witnesses have
reported.
PENNSYLVANIA DENIES RUMOR
Utah Officials nectar They T.-r
Contemplated l.arlaa Off
Many Men. ' ,
illlUADELPHIA, Oct. J.-Rumor that
th Iehiisylvanla railroad would lay off
between 20.000 and JO, "00 men was today
denied by high officials of tha company
The following statement was given out:
Titer is no truth in the statem-nkethat
"O.rtO men ar to diwliarsed by th
tnn 1 snla Kallrosd company. Nothing
aw "- evr naan uouiem Ulal ad.
DIVIDEND ON STEEL STOCK
Annual Report Shows Big Corporation
ii Prosperous.
DEMAND CONSTANTLY GROWING
Infilled Orders on Hand About Six
Million Tons Prices Are Well
' Maintained, bat. Are Tiot
High.
NEW YORK, Oct. S9. The directors rf
the United States Steel corporation today
declared the regular quarterly dividend
of 1H per cent on preferred and 1 per
cent on common.
Chairman E. H. Gary made a statement
to tho board of directors of the corpora
tion, in which he said:
On June 30. lfc7. our company had on
hand untitled orders aggregating 7.60.1.878
ons. Jn September this tonnage had
been decreased to '". 426,008 tons. This has
since been decreased by about 400.0HO tons.
Bookings are now at the rato of 18.UI0 tons
per dayt We are exporting at the rate
f about 1,000.000 tons per year and at prices
substantially on a parity with domestic
prices.
From Information received Ifls believed
he demand for our products has during
he last few years been constantly Increas-
ng and that the present necessities are
very great.
Frioes hsve been well maintained. The
eading steel manufacturers are in frequent
consultation, though under no esreement
concerning their business Interests. It
seems to be a recognised fact that stability
of prices Is to be desired by both the pro
ducer and the consumer; that extremely
nign prices and extremely low prices are
both objectionable.
hlnce the corporation was nrcantze.d in
sdditlon to the payment of dividends and
Interest, there has been provided from
earnings a reserve for extinguishment of
capital of 179, 161). ftio, and there bus been
added to the assets from the same source
$M8.180.OPO, which Includes Investments In
additional fixed proiierty of S112.8FiO.000; ad
ditional fixed property represented bv
securities created and held In the treasury
as salable assets, t8,400,W0; unquid assets
on hand, $104,930,000.
The total assets of the organization on
October 1, 1907, amounted to J331,6H6,000.
cash In banks being S75,973,0u0.
Taxes Accrued Interest and Dividend.
The current liabilities. Including accrued
taxes, acwued Interest and the dlvli'end
for the last quarter, he said, were !B,187,O0O.
Mr. Gary added:
When the cornoratlnn waa nrrinlirit anh.
sldlary companies had outstanding un
secured notes and bills of $42,000,000, All
of these except $1,047,000 have been paid.
The latter amount represents deposits of
employes under a saving account arrange
ment. Upon eomnleUon of the new work m
under way the productive capacity of the
manufacturing plants will be materially
Increased. Up to January 1, J907, the
average Increase already amounted to 44.33
per cent.
There has been reseeveil a nil ot ..i.i. A
date funds for the Gary plant In Indiana
niiiTia amounting to $18,000,000, of which
$18,538,000 has already been expanded, leav
ing on hand ifor that purpose th sum of
$.10,641,000.
JUDGE GROSSCUP INDICTED
Federal Official of Chicago Held as
Director of Mattoon
Internrvan. .
CHARLESTON, 111.. Oct. 29.-8even bench
warrants were- Issued today for the arrest
of official and employe of. the Mattoon
City Railway company, operating the
Charleston and Mattoon interurban line, as
a result of a wreck near this city Inst
August in which eighteen passengers were
killed. Judge Peter 8. Grosscup of the
United States circuit court at Chicago Is
among those Indicted. The others are
Director Underwood, Sampsell , and Rose
of Chicago; President Potter, superintend
ent Moore and Motorman Botts. Motorman
McClara, who, as alleged by the company,
waa responsible for tho accident by run
ning an express car between stations with
out orders, has not been indicted.
CHICAGO, Oct. 29. Judge Grosscup waa
Informed of his Indictment Just as ho was
about to take th bench for the afternoon
term of court. He said: ;
"Thia thing hurts. My friends, 1 am sure.
know that I have a tender regard for
human life and sufferings, and I desire
to deal Justly with all men. I can only
say that the accident waa due solely to a
human error in carrying out orders and
that my sole connection with It la that I
was a director of the company at that
time."
ITALIAN DUEL STARTS FIGHT
One Maa Fatally Wounded and Sev-
Othere Injnred la Fight at
(hlcaaro.
CHICAGO, Oct., 29.-One man was shot
fatally and several other wounded, and
twelve' arrested at Halsted and Taylor
streets where about 600 Italians were en
gaged in a fight. The fight originated In a
duel between two Italians, between whom a
fued had existed. Speclalo was shot .twice
and will die. The friends of both men
Joined In th melee and in a shorttlme a
free for an nght was in progress. The
street car lines were blocked, and it re
quired twenty policemen to finally restor
ordsr.
WRONGFUL SALE OF LAND
Federal Jada-e Rules on Act of oath
ern Faclae In Disposing of
ItoLdlnaa.
BAN FRANCISCO. Oct. .-An opinion
waa handed down today by Judge W. W.
Morrow in the United State circuit court,
holding that It is unlawful for railroads
to sell land to which patents hav been
wrongfully Issued or recalled. Th case
was that of th United State against the
Southern Pacific company to recover the
rice of land to which patents had been
recalled and which had been sold by th
Southern Pacific to Innocent purchasers.
MATE'S LICENSE IS "REVOKED
Inspector General I hlrr Stands !'r
Action la Colambla Wreck
r...
WASHINGTON. Oct. 29.-8upervlslng In
spector Oeneral Uhler of the steamboat
Inspector service has sustained the action
of the supervisor of the first district in
revoking the license of First Mate B. Hen
drlkson. In charge of the steamer Ban
Pedro, when It collided with the steamer
Columbia on th Pacific in July last.
CENTRAL OPERATORS RAISED
Wlra Men aad Clerk oa Branch Haa!
Are Given aa Iaereaa la
WtM. ,
DUNKIRK. N. Y.. Oct. 2J.-Telegraph
operators and clerks of Dunkirk, Allegheny
Valley aV Pittsburg railroad were notified
today that an increase of from 8J to $15
per month had been granted them, ef
fective at once. The road la a oax of the
New York Central lln.
CITY GOOD FIRE FIGHTER
Omaha's Parllltle Arc rresosserd
b- Examiner to Bo Above
v the Averaa-e.
The committee of the National Board of
Fire Underwriters which Is Inspecting the
fire fighting abilities of Omaha and the
state of risks In the city has nearly com
pleted Its work on the Omaha water- sys
tem. Two of the member of the commit
tee, who do not desire their names men
tioned until their report lias been made
public in New York, declare that Omaha
has greater fncilitle for placing water on
fires In the business part of town than
any city of its slie In the XTnited States,
and that with one exception its power In
this respect Is not limited to cities of Its
own class.
'Ovaha can center eighty lines of hose
on any hcge Iri the business center, as far
as water supply is concerned," said one of
the inspectors, "and everyone of the eighty
lines would be effective. Tills, of course,
is beyond the power of the fire department
and such n avalanche-of water .would
never be needed, but It Is possible."
Tests made m th block surrounding the
city hall showed that with six hydrants
opened at one time a flow of 18.000 gallons
of water per minute waa .thrown and a
force of fifty-seven pounds presstye still
shown at tho hydrants. On the block In
which the federal building Is located and
0110 block east of It six hydrant were
opened, SO.000 gallons of water a mlnuto
thrown and the pressure held at seventy
three and a half pounds pressure.
"The one thing necessary to make the
Omaha plant an Ideal one." said the In
spector," 1s a duplicate main from the
pumping station at Florence to Omaha.
Tho town should not depend upon one
main line from the pumping station. Of
course, there are minor matters which
need attention, but In the main there Is
no better water 'service for fire fighting in
America than that at Omaha. The com
pany has everything In first-class shape
and seem to keep the plant up In every
way. As far as we can learn, the pipes
are not suffering- from electrolosls, but an
inspection to exactly determine this Would
require two months. ' -
UTE SCARE PASSING OVER
Indian Do "Sot Arouse the Fear at
the Army Officer la
Toneh.
Major F. W. Sibley, with the econd
squadron of the Second United 8tates cav
alry, arrived at Gettysburg, 8. D., Monday
and crossed the Missouri river eighteen
miles west of that point Monday night
Gettysburg is the railroad terminal nearest
the Cheyenne River reservation. . The point
of disturbance is eighty miles west of the
Cheyenne agency, which is located on the
Missouri river eighteen miles west of Get
tysburg. There ts a small agency house in
tho western part of the reservation near
where the Utes have been established.
It is expected at 'local army headquarter
that Major Sibley and his command will
reach the scene of alleged trouble Thurs
day. A supply depot haa been established
at Gettysburg, which la in charge of Lieu
tenant F. E. Sldmaa and fifteen men of the
Second cavalry. There ts no present inten
tion of sending other troops to th scene,
as from latest advicji reeelved from Major
Sibley the situation Is well In band. -
The Intention is to require the Utes to
go back onto the part of the Cheyenne
reservation assigned to them at their own
request last spring.
Lieutenant Oscar Foley of the Sixth cav
alry, who was at Fort Meade last winter
while the Utes were being kept and fed
there, ts a visitor at army headquarters
on leave.
"I do not apprehend any trouble from
the Utes," ho says. "It looks to me much
as if all they were after Is to get back to
Fort Meade, that tliay may be fed and
quartered for the winter by the government.
They did not do a thing all last winter but
lay around cump and get fat-at the gov
ernment expense and they want to repeat
the experiment."
LUTHER LEAGUE TO MEET HERE
I Dclewatc front Three Counties to
Come Friday for Three-Day
Sessloa.
The Omaha District Luther league, com
prising six local organizations In Douglas,
Washington and Burt counties, will hold
Its unnuul meeting In Omaha Friday, Sat
urday and Sunday, October 80 and Novem
ber 1 and 2. Tho sessions will be held In
the Zion Swedish Lutheran church, Thirty
sixth and Lafayette streets. About fifty
delegates are expected and the meeting will
be Increased by the presence of the mis
sion board of the district, which will be in
session here at the same time.
The session- Friday night will consist of
a concert by local talent. Including a chorus
of 100 voices under the leadership of John
Helgren, who Is also president of the district
league. Saturday morning the business
Beaslon will-be held and reports and elec
tion of officers will be the principal busi
ness. Th afternoon will be taken up with
dlsoussions of topics of interest to young
people. Sunday morning a special service
will be held In the churches and in tho
afternoon the young peoples' program will
be rendered, with representatives from the
various local societies. .
The meeting will close Bunday evening
with a lecture on "The Reformation," by
Rev. C. F. Sandahl of Oakland and an ad
dress by Rev. Adolf Hull on "Living Lu
tlieranism Among Lutheran Young People."
BLACK HAND KILLS MEMBER
Murder Resulted from Failnro io
Carry Out Dynamite Tasa:
Given Him.
NEW YORK, Oc t., 29. Because he failed
to carry out an errand of vengeance, ' Vito
Grelnuldl, a m--mber of the Black Hand
society, was stabbed to death by members
of his own band today on Knoll atreet,
Brooklyn. A dynamite bomb was found
secreted beneath Grelnaldt's coat which the
police say would have blown up an entire
house. A loaded revolver was found in his
pocket. Papers found on the dead man
proved that Grelnaldl waa a member .of the
Black Hand and had atarted to dynamite
a man's home who had refused to pay
tribute to th society. Detectives ssy that
members of the Black Hand followea
Grenaldl on his mission and when he failed
at bis task, they killed him. A stllletto lay
nesr Grenaldi's body.
Philippine Wteraa at Washlaa-a.
WASHINGTON, Oct. .-Waller Scott
Hale, national commander-in-chief of the
Spanish war veterans, and hi staff were
received by President Roosevelt today.
Embeaslemcnt I th Chnrge.
SAN FRANCISCO, Oct. .-Hsrry Klein,
aclon of a wealthy New York banker, who
'a accused of embexslement of 11. JO from
the Swtrt Packing company, waa errealed
last night In Bant a Kosa and will be
brought back to this city.
M0I1LER LAYS OFF WORKMEN
Union Pacific) Lets Improvement
Forces Go for the Winter.
OTHER ROADS KEEP AT WORK
General Manager Walter Say His
Company I Too Busy to Stop
for Retrenchment Policy
No w.
Tuesday morning Vic President and Gen
eral Manager Mohler announced that all
work "not absolutely necessary" at present
would be stopped. When asked how many
men would be affected by his order he
said b did not know, but tho number
would be large. '
Mr. Mohler said there is a lot of un
necessary talk over the reduction In track
forces, which necessarily takes place at
thl season of the year on accint of th
shorter hours and cold weather.
'We ar doing an exceedingly -large
amount of Improvement work and have
put our property In tho best physical con
dition it ha ever known. Therefore the
opportunity for reducing forces earlier
than usual haa been acted upon. ojhd. on
account of the present national conditions,
unquestionably, a wrong motive ha been
applied. We are only doing that which
comes from natural conditions and In line
with the general practice of all railroads
at this season of the year. We are con
tinuing all improvement work which can
be done to advantage and which we can
utilise, and work which cannot be carried
on at normal expense will be discon
tinued." Greek Flock to Tovrn.
"The first Intimation Omaha had of that
move was Tuesday morning, when th
Greeks and other laborer who have boen
at work on the Lan cut-off began flock
ing Into Omaha, out of work. The entire
work on th cut-off wa stopped abruptly
Tuesday morning.
Mr. Mohler sold h had decided to lay
off all men engaged Jn new work all along
the system, which will include the grading
outfits at Lane cut-off, the work In Kansas
and Nebraska and Colorado, all engineer
ing gangs which are In the field and all
men engaged In the double-track work.
While Mr. Mohler would not estimate the
number of men. another official said the
number probably would bo between 2,000
and S.000 between now and tho first of tha
month.
Mr. Mohler said It had not been decided
a yet to lay off any of the shops force.
Employes In tho operating department are
not as yet affected and will not be until
the occasion demands. Shipments of live
stock and grain are falling off materially
ni th:: haa a-lven the road an opportunity
to) jelean up some of the congested places
which have been somewhat blocked necause
of the new work which has been in prog
ress along the line. This ha put the road
In about normal condition as far as traffic
1 concerned.
Northwestern Too Busy.
dnarat Maninr Frank Walters of the
Northwestern lines west of the Missouri
river was asked if ho had made -any mov
looking toward retrenchment and hi reply
wa most expreslv and to th point wnen
he said: - " " '
No, lr, we're too busy: haven't tlm to
lay off any men."
Heneral Manasrer Holdrege of the Bur
lington said that nothing had'been done by
htm In the way of retrenchment, although
a few track men had been recently laid off
aiona- the line as was done every autumn
when the forces were put on a winter basis.
"All the new work we started this spring
! nrar-tlcallv romnleted." said Mr. Hol
drege, "except the work on the Llncoln-
MUford line, which is nearing completion.
W hav msde no move of any kind with
tho idea of retrenching."
The employes of the Union Pacific head
quarters will be paid the same as usual
BVMnv with checks which will be cashed
as usual at the office of the local treas
urer, so the employes will have the cash
for their work and not be bothered with
checks on which they might have difficulty
in getting the money.
Th Union Pacific road has arranged with
nn nf Ih. Omaha, nat lonal banks whareby
that bank will furnish the cash for the
payment of the employes of the Union Pa
cific shops in cash.
RAILROADS GRASP OPPORTUNITY
Quiet Stock Market Will Help Solve
Car shortage In the West.
That a few hours may make u vast dif
ference to a large railroad os to It
equipment was shown in Omaha Monday
on the Burlington system. In the morn
ing the demand for cars wa large dud
the road was short tOO cars, but numer
ous orders were cancelled when it was
found the live stock market was down
and the banks not paying out currency.
Shortly after noon the road had all tho
cars needed and cars to spare. Liliter
business all along th lines of the large
roads la expected becaufio of th short
age of currency.
Word was sent out to shippers Monday;
to hold their stock and not aend It on
to South Omaha, and this made a vast
difference. Instead of some 300 cars of
stock coming Into the yards as usual
Tuesday morulng, 15 cars of live stock
were received. The present trouble will
have a tendency to allow the roads to
clean up their tracks and prepare to handle
the live stock and grain when it starts
to move again.
PROMPT DEM A I, I XKW YORK
Curtailment of Force Due Solely to
Season of Year.
NEW YORK. Oct. 29. At the office tf
the Union Pacific Railway company In
this city there was a prompt denial of the
accuracy of the telegram from Umah.-i
announcing that all construction on tho
entire system had been abandoned. It
was said that a discharge of employes al
ways took place on November 1, afttr
the construction work of the summer was
ended, because construction work in win
ter was much more expensive, and that
this year the number Of men discharged
mas greater only because the amount of
construct Idn work don during tha sum
mer had been greater. No curtailment
of business Is looked for, 'oat ratner an
Increase.
J. EDWARD BRADY IS IV HIDIXU
Head of Merchants Refrigerating
Company nt Kansas City.
KANSAS CITY, Oct. i.-J. Edward
Brady, president of the Merchants' Re
frigerating company, which was placed In
th hands of a receiver last week following
hla mysterious disappearance, ts In Kan
sas City in hiding, according to the state
ment today of an attorney Interested In
the cos. Brady, It I stated, is endeavor
ing to arrange th affair of th company
which ha liabilities of OuO.0(X nd will
Mvn fac hi creditor,'
EDITOR HARDEN WINS CASE
Celebrated German I.tbel Action Goes
Against General tob
Moltk.
BERLIN, Oct. 29. Maximilian Harden,
editor of Dl Zukunft. was acquitted to
day In the suit brought agalust him by
General Count Kuno Von Moltke, for
merly military governor of Berlin, for
defamation of character. In addttlot
General Moltke was condemned to bear
the cost of the trial.
The trial, which began October 2S, at
tracted the greatest Interest in Oermany.
Counsel for Harden charged that the court
clique of which Von Moltk was a mem- ,
ber, was guilty of infamous practices and j
also nad sought to exercise undue in
fluence over Kmperor William. Th names
of Trlnce Phillip Zu Eulenburg, ex-Gor
man ambassador to Vienna, and Lieuten
ant Governor William Von Hohenau, one
of the emperor's adjutants, were men
tioned by Harden a being member of
the clique, referred to as th "round
table," and en army officer who hnd
served In the guard corps at Potsdam
testified to having taken part in orgies'
at th house of Major Count Lynar, which
had resulted In the dismissal from the
service in disgrace of the count.
Harden Declined to Retract.
Harden declined to withdraw anything
he had written on the subject, but he
said he did not accuse Von Moltk of
crime. Justice Kern, tho presiding Judge,
today made the verdict a asy for Von
Moltke as was consistent with tho con
clusions arrived at. He said Harden was
Justified In what he had written but there
was no evidence that Von Moltk had at
any time acted upon abnormal inclina
tions or that he knew what took place at
Major Count Lynar' villa or of Lieuten
ant General Hohenau' house.
Harden, when tho verdict wa an
nounced, wa cheered by the spectators
present in court and by the large crowd
of people waiting In the rain outside
Von Moltke heard the verdict with lm
passlveness. Tho trial is already having consider
able political effect. One hundred and
forty socialist dally newspaper ar at
tacking tha monarchlal principle with
studied fury, mocking, sneering savagely,
and assailing the exotic conditions which
have been described as "flourishing in the
hot-house atmosphere of th court,"
where the sovereign Is surrounded, the
socialists claim, with companions and
councillors, the corruption of v. hone pri
vate lives unfits them for their positions.
ALFONSO HAS A CLOSE CALL
Trala Leaves Rail at Chc'rbonra- aad
the Royal Party Barely
Escapes.
CHERBOURG, France, Oct.. 29. The king
of Spain had another close call from Injury
or death this morning. As his train was
arriving at Cherbourg it ran off the rails.
The par'y escaped.
LONDON. Oct. 29,-Tli king and queen
of Spain arrived In London tonight. It
was raining hard, but In tho' depressing
weather their majesties were met at the
station by member of th English royal
family, and the Spanish ambassador to
Great Britain, Senor Vail Urrutla. Th
visitor drov at once to Kensington palaco,
where they wJI reside until next Menday.
They will- then visit King- -Edward and
Queen Alexandra at Sandrlnghum. Tho
London populace displayed the greatest. In
terest tonight In the Infant son of tha
Spanish king and queen.
KAISER WILHELM'S HARD TRIP
Greater Part of Voyage Across Atlaa
tlo Was Mado Without
Rnddov.
PLYMOUTH, England, .Oct. 29.-Th
North German Lloyd steamer. Kaiser Wll
helm der Grosse, from New York, Oct. 22,
for Bremen by way of Plymouth and Cher
bourg, arrived here today and reported the
loss of Its rudder when It waa two and a
half days out from New York while a fierce
ktorm was raging. It started the rest of,
the distance to Plymouth. 1,750 miles,
steered by its propeller alon. Its com
mander. Captain Polack, was Incessantly
on the bridge and did not' have any sleep
until the steamer reached th English
channel. By the delay of thirty hours tho
passengers were In no way discommoded,
and It left Plymouth for Cherbourg this
afternoon without any assistance.
TAFT INSPECTS NEW MINES
Rides Over Precipitous Mountain
Trail to Mako Visit to
Working.
BAGUIO, P. I.. Oct. 29. Secretary Taft
rode to the American mines east of Bagulo
today over a preclpltou mountain trail
which drop 1,000 feet within a distance of
four miles. He Inspected the Clarke mins
and mill and the Laffan mill. Addressing
the American miners, he said lie hoped to
secure needful reforms in the mining law.
The secretary will return to Manila on
Tuesday.
Dinner for General Porter.
PARIS, Oct. 29. Ambassador Henry
White gave a luncheon today In honor of
ex-Ambassador General Horace Porter,
who has been one of the representatives of
America at The Hague peace conference.
Among th guests were many of General
Porter's 'former colleagues in the diplo
matic servlco.
New Composition by Beethoven.
BERLIN. Oct. 29.-An interesting musical
find la reported by tho Tageblatt. It con
sists of eleven unknown dances by Bee
thoven, composed in 1819 for friends form
ing a musical society. Tha dances were
found In a basement and will shortly be
published.
SEATTLE SOCIALISTS JAILED
Mayor Declines to Allow Street Meet
ing aad Send Speaker
to Prison.
SEATTLE. Wash.. Oct. 29-Elght social
ists and a number of sympathizers Were ar
rested here last night for speaking on th
street, Th mayor said he would not allow
the street meeting. The socialists' In turn
hav secured about forty speakers and will
continue the meetings. Last night they
ware not permitted to speak' more than a
sentence before being bundled Into th
patrol wagon and sent to Jail.
Fatally Injured la Ranawar.
SIOUX FALLS. 8. D.. Oct, 19 (Special )
Charles Kersten, on of th pioneer
residents of the southern part of Miner
county, wa perhaps fatally Injured as the
result of a runaway accident. Th ser
vices and presence of a physician have
been necessary ever since the accident.
The Injured man thus far ha shown only
slight Improvement and, at the best. It will
be some tlm befor h is cntlrsl out of
CHECKS SAME AS CASH
When People Accept New Medium
Money Statni Brightens.
SAVINGS BANKS GIVE CERTIFICATE
Every Dollar in Omaha Banki Now
Available to Depositors.
DIFFERENT MEANS OF PAYMENT
Banks Not Wholly Dependent on Pre
cautionary Measures Adopted.
CASH RESOURCES ARE ADEQUATE
Small Check and Draft Ar raid
with Coin and w Cashier
Check and Conditions Will
800a B 'ormal.
So successful hav th bank of Omah
been in retaining their cash and tli ab
solute confidence of depositors, and so ad
mirably has the clearing hous plan met
every need In th local business world,
that Omaha bank began Tuesday night
shipping thlr country correspondent
bundle of cashier' checks, for use aa cur
rency. Evening clearing hoj meetings, which
It was thought would be necessary, hav
been called off. Members of the associa
tion held a brief meeting at 4 o'clock
Tuesday evening, to handle routine mat-,
ters, and after the meeting adjourned It
was announced that the country bank
would now get relief, and not a single on
of them, dependent on Omaha for money,
will have to declare a holiday and sus
pend payment altogether.
When tho national banks which hav
adopted the clearing house payment system
opened for business Tuesday morning pay
ment of check and draft wa made In
cash and the new cashier's check In. de
nominations of 15. 10 and 20, U PyW
to bearer and good at any store In' th
city of Omaha and for payment of debts.
It Is these check wjilch will b shipped
to the country Wednesday a Well as con
tinue to meet the necessities of banking
and trad U Omaha. Four shipment wer
made by th Merchants National lata
Tuesday evening, to country bsnk which
were In urgent need of currency. ,
The slight Inconvenience which depositor
In the City Savings bank experienced Mon
day wa relieved by the Issuance of certifi
cate for the amount needed by customer.
The eertlttcate are accepted by the larger
tores and places of burlness, which hav
resources sufficient to carry them 1n place
of the actual money or deposit them lu
other banks and receive credit for them 6b
account. y
Clearing house certificate will b Issued
only between banks for the settlement of
balances, tho situation being so much bet
ter that the bank do' not think it neces
aary to use tho certificates for general cir
culation, a at first planned.
A the cashier' check are all payable
ibrough tho clearing house, th entire cap- '
Ital and resource of tbs banks of Omaha,
amounting to more than rta.390,000, guar-
antees the payment uf the check.
Assoclatloa Approve Policy
The Clearing Hous association approved
th Issuing of cashier's checks in small
denominations after reviewing the business
of th first day conducted under th Rw
rule to pay nothing but small amount lu
cash on a basts of 20 per cent of accounts
of i&OO or less and not over $104 on any ac
count. President Yates of the Clearing
HouSe association said that the first day'
business demonstrated the need of th
small checks to be used the same as fa.
110 and 120 bills and that each Individual
bank would issue Its own checks.
Within a few duys, If the' plan contin
ues, the city will be given the novel ex
perience of having "all colors of money,"
as some of the b.nks have soma bright .
looking stationery. There will b baby bu
tW checks, some salmon pink five sod
chrome yellow twenties. Cashier's checks,
with pictures of buildings on them In atone
! green and crushed strawberry tints, will
j be almost as common ss t6 and 110 bill
with buffaloes and portraits of ex-presl-dents.
The new medium of exchange will
not be unpopular, according to the bankers,
and big piles of them have been signed by
cashiers of a number of th banks and
are ready to count out the same a tha
money Issued by th United States treas
urer, with silk thread and fine specimen
of the engraver' art. .
No Low Denomination.
The action taken by the City Savings
bank is similar to the method of pay
ment by the national banks, except tn.it
the bank will not yet pay c-heca of low
denominations, as it Is under uo obliga
tions to psy anything on an account for
sixty days. President Flack said jthut
he had talked with a number of bank
officials and business men, and would
Issue certificates, which the big depart
ment stores, at least, will accept. If a
depositor has need fov a certain amount
of money, the City Savings ban'.t will
Issue a certificate payable to tue firm
or persons to whom the customer dcglrca
to pay th money, for th full amoifut.
A customer desiring to buy clotfilag at
a department store, which will cost 1 3 4.
will be given a certificate payable to th
department store for $34.60, and h
stores have agreed to accept. President
Flack's ct-rtiticate. Mr. Flack Says-th
first day convinced him that his de
positor would be Inconvenienced greatly
If they could not use their money In any
way and he decided on a 'certificate plan.
Later the savings bank may pay In cash
ier's checks of small denomination, e
the national banks are doing.
Another festure of the financial situation
which made things look bright around th
banks, was the announcement that money
would be supplied for meeting pay rolls
Saturday and as large a roll that of tli
Union Pacific shops and factories . with
long lists of employes, will be enabled to
secure the cash the desire to .dlscharg
the obligations to their workers when the
week ar month is ended.
No Long; Line nt Parian- Window.
No lorg line appearsd at th paying
windows of any of the bank In Omaha
when the doors wer opened lMesday
morning, and if anyone anticipated ex
citement, disappointment followed. About
the usual number of peopl presented
checks, many of them were acquainted
with tb plan and asked for amount of
money less than they could hav secured.
, requesting certified check or cashier'
I check for th balance. At a number of
j th banks small check wer paid In full
Tuesdi. which surprised thos wlio pre
1 sented them. People went out of tha
counting room feeling that' other had
been unduly agitated when they had passed
j befor th windows and presented tz, l.
, 47 , U and veu larger check and reW4
