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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Nov. 27, 1907)
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
