Newspaper Page Text
IrS?: Hfll Shir 111" 4Prlfi ilpllrY I I
fl deeaafonal visitor? You lose much vkj V I 1 fl J?7S 1 1 W 1 fl41 H (11 i 1 1 1 1 I I I I WT boarding house. qSaHit In n5wa? H
ttaj-aT I yJV VW'Jv gyWIJV QrJv JW 1 sMsN 1
LXXVI., NO. 86, weatheb today Fair. SALT LAKE CITY, UTAH, WEDNESDAY MORNING-, JANUARY 8, 1908. 12 PAGES FIVE CENTS H
!W ARRESTED
I SERIOUSCKARGE
ell-Known Copper Magnate Is
Accused of Illegal Certifica
tion of Big Checks.
I
"4 Irnishes bail IX
V THE SUM OF $50,000
a4
5fc jt.
4 i innsel for Accused Says Trou-
J sigh in Bookkeeneiug.
i
' YORK, Jan. 7. Indicted by the
;i Moral grand jury for over-certification
? f, checks representing in the aggregate
'1 ver ?100,000, drawn by the firm of Otto
njfij fejnac & Co. on the Mercantile National
'ill k. Augustus Ilelnze. the copper
Jagnate and former president of the
't fercantllc National bank, surrendered
- ilmstlf to United States Commissioner
frS fields today and later was releaaod on
r J W.OOfl ball, Hclnze will be formally ar-
it ilgncd to plead to the Indictment by
ri: uflge Challield, In the United States Cir-
V ttg uU court, tomorrow.
f iKdwnrd Lnutorhuch, counsel for Hclnzc,
"m atrtl tonight that Ills client did not
rcii llfullv over-certify the checks, as he
iZ drawn, a check to the credit of Otto
frinzc ii Co. to the amount, of ?300.000,
" rhk-li the bookkeeper of the bank possl-
, I w failed to enter on the books until
?4 -day after the certlllcatlon of the checks
alii i, question.
I,!? Aftermath of Collapse.
TIjlii5 indictment by tho Federal grand
,lkv. which bus been Investigating the
vf 'Mercantile nnd other banks identified
tjtli the Hclnzc and Ciiarles W. Mor.se
i wcrcstf. Is the aftermath of the collapse
kCrJ-the Helnze pool In b'nRed Copper and
ii'ftlith brought about tho suspension of
TfZwfow Kleebcrg. stock brokers, and ro
3llltPd In the resignation of F. A. Hclnzc
Wflhtr- the presidency and the retirement
Hi' the directors of the Mercantile Na
fllbnal bank after an examination of the
!iAnsttii:loii had hc?n made by the clcar
jjPn? liuusc. He declared at the time that
2flic had been betrayed by his friends in
Hll" United Copper pool.
Hcltize had ljcen Informed quietly that
lidlctnicnls charging him with the ovcr
Jjfcertlfieatlon of fifteen checks, all drawn
eflpn October M. just before the smash in
jKhltcri Copper, hud been found by the
2 Pfderal grand Jury on "December 2, and
2 IJM his appearance would bo required
'J? today. Without awaiting the service of
f il'bciich warrant, lleinzo. in company
if llh his counsel, appeared before Com-
il ihlssloner Shields this afternoon. The
,iy vroceedlngs were short. Helnzc pleaded
!l t guilty, and bail was Vurnished Ini
7 ledlately by a surety company. When
we pro' codings were concluded llelnze
(M the newspaper-men that he-dtfl not
ite to make any statement, and hurried
jj'i iray ulth his counsel.
i k Statement of Defense.
f ftor tho examination of the indict-
J' pent, which conuiijied thirty counts,
Sdunsel Edward I.a;itcrbnch tonight
ll m thr following slatement:
3 iJ'-'Tlie indktini-nl la based upori ceitill
T rallon of llfloen cheeks amounting to
something over $100,000. drawn by Otto
4 Mz Co, on tho 1 Ith day of October
a',. Hefore the certification was made
l: r."AusuHtup llelnze obtained tho discount
?i if' u note of $500,000 secured by abundant
itotk exchange collateral, worth, at the
T narket rate of that day. more than SS00.
ji MD, nnd drew ids check for ?500.000 to
fi the credit or Utto Helnze & Co.. the
i"v nmniiiit of which shouUI have been pbn ed
lo lhclr cir .lit. as I think It was. There.
certainly was no willful intetit within the
;l Jlatute to over-certify any rheck. not
jl !V?n to the extent that over-certification
j W prarti"cd evry day In Wall street by
..j ll. thi banks as a matter of business
i mcccsalty. On tho contrary, as t have
A atatcd. there was far more than the
ffiinount of tlie ohecks standing to the
frcdlt of the account of the drawers of
0 ,tif cheeks when they were certified. I
jjl Mlovo that If I be grand Jury could have
jjwdenuood th" situation correctly no ln-
Jlflniriit would have been found."
'j Heavy Penalty it Convictoa.
t & The Indictment specifically charge? that I
- kHcl.tizc. while president of the Mercan- i
ilc Xntlonal bank, over-certified fifteen
filitcltp; that Is. that he guaranteed by
: tliu hank's signature that the s-unis lndl
V mtfl In sh ehn-ks wef. held bv the
fi "wU ltion to the credit of the drawers.
$ To ovr-fnrtlf bank pap-r Is, under the
3!'Jciji1 hiatu.e. mi offense iuinlshable
j i'V Impilconmen'. of not les than five !
M im(5 MOt i"0" limn ton years. j
f W-One conn l. Is devoted to each of the
j' ,mc):s involved It Is alleged that he
:l.V.,ehi!te) knew that Otto Helnzc & Co. i
II i)6i liave to Its credit th" sums
ned. Thr- sixteenth count in the In- I
tniontn charges that Melnr.e Intention- I
v nppiirfl the fumls of the bank, and !
hout tlie knowledge of the dlrcctoral". ,
the puyincnts of the nfteen checks ,
iwii by otto Heinse & Co.. and know
I that the company did not have on
wait a sum equal to the amount named
the certified checks. For such nn of
Ke thr Kedeial statutes provide a pen
F of not less than five years' Imprlr
Ticnt or a lino of not more than ?3000,
both,
he checks certified to by Heinze. ac
Ins to the Indictment, wer as fol
i'S; Jroi &- Kloel.erg, S.7i.t ; II. T. Cary
o., $23.tW.t, c-'uyicr Morgan .v Co.. Sl.t.
H. SinUhers Co.. $11,001!; .1. S.
iLLS" U -.S0: Wasserman )3ros..
08- Marshall S'puder St Co.. ?IP.i;7l; !
ore. Moore ,t Moore, 53-l.Io2; .1. V.
Iwte & Co.. l?.M- -Stcinbi-rgor-Slmms
npany. Slf..u00; PtcrJera.:r-Sliiim8 com
iiy. HG0r.; Ilayden. ?tonc Si Co., $12,000;
. J'osenberg. S6U0u; 1ross ,t TClee- i
W. fSU.000, and 13. T. llutton & Co..
'id.
Where Troubles Began,
fhe troubles of Augustus Ilelnze began i
in the hn rampalgn startr-d bv Otto !
inze & co. and associates In the stock i
, ill'' 1 ni ted Copper company, which'
ilelnze had organized and developed
;r his long figlu with the Amnlga
cl c opper company. The stock was
ling about GO when a mysterious soll
fJiva.8 delected. Believing it to br- an
il i.ln. rald t,U; "lock by short selling.
'7 Hclnzc ,t Co. gave unlimited buying
,"a..lo various broker, believing that
mm , lmi" ir"ie the bear operators
'"'U be unable to cover lhclr contracts
nSRf ut s.U"h wl"'' Hie llolnr.A
?lIy1?. aiclat'Ml. Heavy soiling of
i? topper continued, and then, t.j
rcnase the stock offered, otto Helnzc
lo. were forced to draw contracts for
ce fiinounts to various brokers. When
J 0rce of tlia selling was ascertained
ileliizr-s declared that they had been
,.ayc1, .l'.v friends who sold their hold
"nWvi L "!,.,;d Copper on the high mar
iSS cii.V i-J.ho JL "ited Copper stock" ulumpcd.
m AhdVri1 "? , K,V'f-'. stocl; brokers, 5us-
'3 Sjnn..Jn rnIttJ ,,n u,e stn(il! of fie United
fi ror thin,npnny whlch 1)0nn bought
A c,l8l5 was provoked hi the afi'airo of
LABOR CONDITIONS
HOT IE! PEACEFUL
Mine Operators Make Some Con
cessions; Trades Workers
Are in Open Revolt.
GOLDFIELli. Kcv., Jan. 7. Members of
tho Mine Operators' association have been
given authority to pay a maximum wago
of ?fi per day to both carpenters and
electricians for certain kinds of work, as
a result of extended conferences with
commit toes representing the Building
Trades and American Federation of La
bor. The wage scalo adopted by the asso
ciation is $5 for carpenters and electri
cians at tho mines.
The reason assigned for the Increase
Is that certain work requires men pos
sessed of greater skill than the ordinary
work of these craftsmen around the
mines.
The answer on tlie part of miners' un
ion Is'o. 220 lo the complaint ruccntly
filed in the Federal court at Carson' at
the Instance of the Consolidated Mines
company, asking that the local organiza
tion of miners bo onjolned from holding
meotings, from boycotting and picket
ing, has been practically completed. The
document Is a voluminous one and bears
answer to all of tho sensational allega
tions made in the orlglnnl paper. It will
bo taken to Carson next Thursday by the
attorney who will represent the local un
ion at the hearing of the matter, to take
place before Judge Farrlngton.
The answer will bo supported by various
affidavits made by members of the local
union and others.
The barkeepers and other trades allied
with the Western Federation through the
Industrial Workers of the "World are In
i open rovoIL today against the heavy as
sessment levied to support the miners'
strike. Thoy have been paying upward
of $fi000 per week assessment and refuse
to contribute further.
DEMAND THAT OIL TRUST
INCREASE BONDS GIVEN
CHICAGO, Jan 7 District Attorney
Edward "W. Symes filed a petition today
in tho United States Court of Appeals, de
claring that the Standard Oil compuny of
Indiana has assets amounting to more
than $27,000,000 and asking for an in
crease in the supersedeas bonds of lliat
corporation filed on Its appeal from the
$29,210,000 fino Imposed by District Judge
Landis.
Tho Government renewed its original
plea that the bond of the oil company,
pending' disposal of the appeal, should be
the same In amount as the fine. It was
originally fixed at a total of $6,000,000 on
statements by attorneys for the defense
that the property of the company at
Whiting. Tnd.. would be worth but $2.
500.000 to $3,000,000 if sold at auction The
other holdings of the company were al
leged to bo worth, on the same basis, lit
tle moro lhan $3,000,000 to $-1,000,000. The
Government now charges Uiat the actual
value of tho company's property subject
to execution is largely In excess of $2,
000,000 nnd the profits of the company for
'the three years embraced in the Indict
ments against It were $2.'!,0fi7,12G and that
the profits of the company for "lflOO alcfne
the year In which the Indictments were
returned were ?10,51R.082.
NEW YORK LANDLORDS
THREATENED WITH FIRE
NEW TOUK. Jan. 7. -Threats that'
their builillngs would be burned if they 1
evicted the tenants flooded east side land- :
lords today. The warnings were, sup
posed to have come from the rent strik
ers, and. in general, were on postal cards,
worded tut follows:
"Wo wlli move, but after your house
has been vacated the fire department will
visit you. THE UED FLAG."
Point was given to tho threats by a
fire today at a Madison street tenement,
where tlie demands of the occupants for
lower rents had been refused.
Applicants for dispossess papers have
been so heavy that several of tho courts
today were forced to refuse to consider
any more until Thursday.
Many of the strikers are delaying evic
tion by keeping tliw stoves in their apart
ments red hot. When' the marshals ar
rive they are compelled to wait until the
stoves cool before they can put them in
the street with the other furniture.
SAMUEL FESSENDEN
OF CONNECTICUT DEAD
. KTAMI'OKD. Conn.. Jan. 7. Samuel
Fosscndun of this city, former State Sen
ator and one of th most prominent men
in Connecticut, died today fiom heart
trouble.
In 1 S70 Mr. Fossennen was a delegate to
tho IJc-publlcan national convention which
nominated nulherord H. Hayes for tho
presidency anil In 18St was made reore
tary of the National Republican commit
tor., taking active part in the Blaine campaign.
IIEYBURN WOULD AMEND
NATIONAL BANKING ACT
WASHINGTON. Jan.. 7 Senator Hoy
burn Introduced in the Sena to today a
bill amending tho national banking nr-r.
It provides that from June. 1 90S. every
hanking association authorized by the
national bunking act shall keep 20 per
com of Its deposits in lawful money on
deposit, and whenever the amount falls
below that amount lhr bank shall not
make new loans or pay dividends' until :
thr- full amount of the deposit rqiiii ed
nball bo restored. N" part m" I Mr ro
st'ive shall connist of anything except
lawful money actually In possession of
tlie bank.
the Mercantile National bank, and tlie
clenrlng house committor made nn exam
ination, following which Helnzc withdrew
from the Institution a an officer, but.
with his friends, still maintained a stock
control which lie had purchasv several
mom lis bi-fore from Edwin Gould. There
haVc- been reports recently in the finan
cial district that. 111.- Gnuld interests
would again assume control of the Mercantile.
COMPTROLLER NOT INFORMED !
OF DETAILS OF THE CASE
WASHINGTON. Jan. 7. Hefei ring to
the arrest today in New Vork of F. Au
gustus Helnzo for Illegally certifying a
check on tin- Mercantile National bank,
Comptroller HIdgley said lie knew noth
ing about the dolalls of this particular
transaction. WIiph the trouble with the
Morcantlle National bank began the
Comptroller salrl thnt he had sent a spe
cial representative to co-operate with tho
District Attorney, and he hnd no doubt
that the action brought today was one
of the results of the Investigation.
When questioned us to whether he
looked for other arrests on other charges,
Mr. lildgley said thnt It was a rare thing
for a national bank lo fall without tho
officers having violated .th nntloiml
banking acts. While he knew of no spe
cific cafe of fraud, he would not be sur
prised If oilier cases were brought.
j LEAP YEAR, 1908 I
!' ' '" (,Hs!rols, f.r-WY V 1
'''' ' ' . - ' T
T .'. ' . WILL YOU COME I T
' , ,flp OUT IH THE WEST t
WALKER HIT LIKELY
10 8E PROSEGUTEO
President of Insolvent Califor
nia Trust Company Has Ma
terially Aided State.
SAN FRANCISCO. Jan. 7. David F.
Walker, former president of the Insolvent
California Safe Deposit and Trust com
pany, was a witness before the grand
jury when that body reconvened at 2
o'clock this afternoon to resume its In
vestigation into the affairs of the
wrecked bank. Six indictments have so
far beon returned againot officials and
director:! of the trust company one each
against J. Dalzoll Brown, general man
ager, and W. .1. Bartnett. vlco-prcsldent,
charging, embezzlement of $20f,0'iU worth
of pccnrltlos belonging to tho Colton es
tate; two indictments ngalusl James
Trendwell, din-dor, and one each against
Brown and Bartne.ti, charging embezzle
ment In onnedlon ulth the making of
loans to themselves. All three are still
in the county Jail, unable to get bail.
I It Is prettv well understood, although
1 Assistant District Attorney William I Toff
I Cook Is silent on that point, that Walker
will be given Immunity by tho prosecu
tion and that no Indictment will be re
turned against him. It being considered
that whatever his culpability, it was nega
tive and consisted principally of negli
gence In regard to the conduct of the
bank, which the investigation has shown
was in the hands of Brown and Bartnett,
Walker having taken little active part.
The former president's voluntary state-
nient bus helped the prosecution consid
erably and tho fact that ho was called
before the grand Jury by Cook is regarded
as indicative thai he' will not he prose-i-uivd.
Assistant District Attorney Cook
j slated thnt the grand Jury would not fin
ish Its investigation until Friday and that
no further Indictments were expected un-
I .til then.
RUEF WILL BE ONLY
COMMON PRISONER NOW
SAN . FRANCISCO. .Ian. 7. Will) tho
change of municipal administration to
morrow will come the transfer of Abra
ham Ruef from tho custody of Elisor Wil
liam J. Blgg.v to that, of Sohriff-elecl. !
Lawrence -I. Dolnn. This, will mean that
Un'f will be taken from his present, com
fortable quurters at Fillmore street mid
Paelfic nvcnite. where, with his guards
and a cook, be Is occupying an entire
house, to tho county Jail al Inglesldo. At
the latter place (lie former political boss
will bocome a member of the colony now
residing there, consisting of former Mayor
Eugeno V.. Sehmltz, Lonis Glass, former
genoral manager and vice-president of the
Pacific- States Telephone & Telegraph
company: Walter J. Bartnett, i-x-vlce-prcsldout
of the Western Pacific rollroad.
Involved hi the wrecking of (he Collfor
nla Safo Deposit it Trust company, of
which ho was also vlce-prsldent. and J.
Dalztill Brown, general manager of tlie
trust compuny.
! Stokos Gots Ordorp.
! WASHINGTON, Jay. 7. Surgeon
j Charles F. Stokes of tho medical dopart
I inonl today received his orders directing
I him lo assume command of the hospital
ship Relief, Tomorrow the officer will
I leave for San Francisco- to carry out his
I order
Index to Today's Tribune
i
i
, . . f . .,,.. ..
j l " . . . . c
i -I Departments. Pago, v
i v Editorial 1 .;.
1 -r Society i
Mines i (i j.
j Markets 7 4-
I v- Intcrmountaln U
,
J v- Domestic. v
v F. A. Holnze indicted upon !
i charge of overcertlllcatlon of
j cheeks aggregating $100,000 1 :
Representative Wlllett of New
York says President Roosevelt
caused financial panic 1
-J- Three Jurots sworn for second
v trial of Harry IC. Thaw i .J.
Labor conditions In Goldficld aro
j. yet far from peaceful 1
Senator Aldrich Introduces new -J.
financial measure, planned to
Increase clrcuatlon S
v
Local.
v Food Inspector Waller Frnaicr
-I makes splendid roport of
v year's work to Mayor Brans-
! ford 12
j ' Wyoming coal producers meet J
I -I- cut of Utah companies and all ;
! fuel In now $5 75 the ton L
v- Austrian dies In hospital as re
suit of shooting scrape at Gar-
v field .. 12 !
.! Judge Dlehl will probably dc- j
cjde Samuel G. Spencer case .j.
. today ; 12
! Salt liokc 'hanks make prcpnra- ;
-j. lions to' rerlro cashiers'
checks- 12
J. Mnyor Bninsford will name
v Board of Park Commissioners. 12 ;-
Judge H: P. Henderson chosen
I- president of Salt Lake Board ...
y of Education 12 .J. I
v Sporting News.
Alleviator, a 100-to-l shot, wins
tho first race at Santa Anita. .10 ;
I- Gcorgo Dixon will he Jald to rest
! In Brooklyn cemetery ,...10
J. M. Chapman returns and will
j. build bicycle track at Sa)talr..l0
Mayor Brewer of Ogdcn says !
v boxing must stop 10
V" V
l 1
WILL TRY TO REMEDY
THE "LIABILITY LAW"
WASHINGTON. Jan. 7. Senator Knox
of Pennsylvania, who has taken much In
terest In tho litigation growing out of
tho employer::' liability act, which wns
declared to be unconstitutional jcslerday,
today Introduced a bill which Is Intended
to remedy the dofecta In the present bill.
The bill Is so drawn as to make It ap
plicable only to corporations engaged In
such commerce as Congress has tho un
doubted right to control and to employees
of such corporations engaged exclusively
In Interstate commerce. The existing
law -Is so broad as to cover all trans
portation between States, but Mr. Knox's
bill Is so modified as to limit its opera
tions to common carriers which aro op
erated by hi eimi or similar motive power,
PUSH CONSTRUCTION OF
DENYER & NORTHWESTERN
OMAHA. Jan. 7. A contract for $!,
000,000 worth of construction on the new
Denver t Northwestern railroad has been
let to an Omaha firm. By the end of
tho year the companjf hopes lo have the
suction from Denver to Fort Collins, 125
mil iim. almost completed.
THREE JORORS SWORN
; FOR TRIAL OF THAW
i
At End of Second Day's Session
Four Men in Box Are Sub
ject to Challenge.
NEW YORK, Jan. 7. Three jurors
sworn to serve on the trial panel for
Harry K. Thaw represented tonight the
net results of the two days and six ses
sions of the trial before Justice Dowiing,
In tho criminal branch of the Supremo
Court. In addition, to the trio who are
oathbound well and truly to try the case,
thoro were In the jury box at Ihe close
of the night sitting four tentative Jurors,
who are subject still to peremptory chal
lenges by either side. The task of tilling
tho fivo vacaut chairs will be resumed
tomorrow morning, when the last install
ment of loo talesmen summoned on the
original omnibus- panel of 300 names will
report for examination Jn nil. nlnoty
fivo proposed Jurors were called and
questioned today, us against fifty-seven
yesterday.
Storm of Pcromptories.
At the close of tho afternoon session
I tin; Jury box was filled and hopes ran
high that al least a majority of those
tentatively chosen would provo accepta
bo to both sides. With the beginning
of Ihe evening session, however, nil such
hopes wore dissipated. When the suddenly-descended
storm of peremptory
challenges cleared awny thoro were but
three survivors, and It was agreed that
they should bo sworn as the nucleus of
tho trial panel. Thoy are Charles 13.
Gretnmels, ship broker, who is to be fore
man; Arthur R. Naotldng. baker and
caterer; and George W. Cary. dry goods
dealer. Following the administration of
the oath to Iheso three men. It was agreed
that tho jury box uhnuld bo again tilled.
The four provisional Jurors aro Gcorgo
C. Rupprocht. salesman; Moses Gren
baum. Insurance agent; John R. Maglun.
retired broker; and Thomas F. Cranston,
printer.
Fortv talesmen were examined at tho
evening session, which lasted until 10:50
p. in.
TRAIN LEA YES TRESTLE;
MANY PASSENGERS HURT
ATLANTA. Gn.. Jan- 7. Tho second
nectlon of what Is known :us tho Collvor
special, running from Cleveland to St.
Augustine. Fla. was wrecked this after
noon between Dallas and Hiram, Ga , on
the Southern Railway, on a trestle twenty-five
fct over the nearly dry bed of
Copper Mine creek. Fivo or tho seven
cars went Into the mud, and as u result
a scon- or more passengers, most of them
residents of Ohio, wcro Injured. None
will flic.
The seriously hurt are Engineer Ed
wards, who was caught beneath the cab
of his engine when It overturned, after
clearing the trestle, and Engineer Snapp
and tho negro fireman. Edwards and his
fireman probably will die.
Caldwell Hearing Postponed.
NEW YORK. Jan. 7. Robert Caldwell,
tho witness In tho famous Druce case In
Loudon, who Ik accusod of perjury by tho
British Government, was too III to b'c ar
raigned on that charge today and the
bearing was postponed until Friday.
DECLARES PRESIDENT
CAUSED THE PANIC
Representative Willctt of New
York Sharply Attacks Ut
terances of Roosevelt.
"WASHINGTON, Jan. 7. Tho resolution
referring the Prcoldent's messages to the
sovcral committees furnished the occa
sion In tho House of Representatives to
day for a number of addresses, mostly by
mombers on the Democratic side. These
covered a variety of subjects, but those
that attracted especial attention were by
Representative Sheppard of Texas and
Representative Willctt of New York. Tho
former not only made a plea for the res
toration of tho legend "In God We
Trust" on American coins, but discussed
tho cruise of the American battleship
fleet and referred to a possible conflict
wltii Japan.
Mr. Wlllett placed all the blame for the
recent financial panic on President I
Roosevelt, whom ho denounced In severe
terms. Ho charged tho President with
not being a sensible man and wltli having
turned on tho gas and not the light, and
with going up and down the country
condemning and striking with the big
stick the heads of great Industrial Inter
ests. Sharp Arraigumont.
The President had gone forth day sifter
day, he said, to the people of the Nation
and tho people of tho world and declared
to them thnt the men who hold the reins
of our great Industrial Institutions are
dishonest and 'are not worthy of our
confidence.
"We want cheer." he said. "We do not
want our Chief Executive going up and
down this country condemning and strik
ing with the big- Btick at everything that
slicks Its head up."
What was wanted, he said, was a man
to perform his duties with dignity and
power, and with the influence of all sane
men behind him.
"It has been said our President In sin
cere," he continued. "He may bo so. but
wo want good sense In the President
along with his sincerity."
He declared that the President was not
a sensible man. and concluded:
"It la because of what I charge him
with, with all the powers of my mind
and body as my profound conviction, and
because of his lack of senso and lack of
due appreciation of tho true -condition of
our Nation, that we have this panic to
day." Republican policies were attacked by
Mr. Hardwlck of Georgia, who predicted
that the only safety for the party lay
In tho nomination of Secretary Tuft for
tho Presidency The national banking
laws were discussed by Mr. Norrls of
Nebraska, who urged as a protection to
depositors tho taxing of oank deposits,
with the view of securing a fund for thA
purpose. Tho resolution was under con
sideration when tlie House adjourned un
til tomorrow.
COMMITTEE WORK TAKING
. JjME,Ai?.TIIE SENATORS
WASHINGTON. Jan. 7. Senator Aid
rich today introduced his currency bill,
which lias boon a subject for discussion
among tho members of the committee on
finance for some days. Ho had the bill
read to tho Senate and announced that
tho committee would be glad to consider
In connection with it all bills that Sen- j
ator Smith desired to Introduce.
He assured Senator Culberson that his !
resolution would receive attention. Sen
ator Clark of Goorgla announced that he:
proposed to havo a vote in tho Senale to'
test the sentiment of that body on his
resolution favoring a Federal law to up
hold States In their efforts to make ef
fective prohibition within their borders.
Ho wantod the Senato to pass his resolu
tion Instructing tho committee on Judic
iary to bring in a bill to accomplish this
purpose, but upon objection by Senator
Nelson, tho resolution was allowed to go
over until the next meeting of tho Senate.
At 110 tho Senate adjourned until next
Thursday to permit more work by committees.
ROMAN EDITOR'S YIEW
OF THE FLEET'S YOYAGE
ROME. Jan. 7. Tho Trlhuna, in an ar
ticle on the cruise of the American bat
tleship fieot to tho Pacific, expresses tho
opinion that President Roosevelt was per
haps mistaken in ordering It "In view of
the discussion 11 has aroused In the
United States."
The paper quotes Baron Takahari, Ja
panese minister lo Italy, as saying:
"The Japanese Government loyally
maintains Its promise to do everything
possible lo diminish emigration to Amer
ica, as wo havo no need to send off our
i superfluous population, even after the
war. Japanese emigration, much the
same as Italian emigration, has born tho
result of special conditions In certain re
gions, and it hns been augmented by tho
dcslro to seek better opportunities and
the dcslro for ndventurr. and In addition.
Intended emigrants have, beon ably sec
onded by the agents of navigation com
panies. "Although I am lacking official news, I
know that tho relations between Japan
and the United States are excollonU Tho
dispatch of the fioot to tho licillc cannot
more thaji merely inlorcst us, San Fran
cisco being thousands of miles from
Japan."
Tho Trlbuna also publishes an inter
view with Lloyd C. Griscom, American
Embassador to Italy, who attributes the
augmentation of the Japanese In Cali
fornia to Its enormous development.
STEAMER MOUNT ROYAL
PUTS INTO PORT DISABLED
Cjl'EENSTOWN, Jan 7. Tho long
overdue Canadian Pacific steamer Mount
Royal steamed slowly Into Qneenstown
today and the news of her safety was re
ceived with gladness In shipping circle?.
She had been last reported off tho Llznrd
Docembur 10 and watch was being kept
for her on both sides of the Atlantic and
as far south as Bermuda. Sho left Ant
werp Deeomber 7 for St. Johns, N. B.
Sho had on board 300 Hungarian emi
grants and a crew of about J0D men. She
was definitely flighted off Old Head of
Klnsale. sixteen mllct; west of this port,
early today. Sho was than proceeding
slowly undor her own steam, and sig
nalled I hat she was coming In here. She
declined tho help of a tug sent out to
assist hor and came In alone Tlie trouble
with her boilers was the reason the Mount
Royal hnd put back.
Eocoiver Appointed.
AUSTIN. Tex.. .Ian 7. District Judge
Calhoun today appointed Guy Gollet of
Austin receiver for tho physical proper
ties in Texas of the Standard Oil com
panies of New Jersey, New York and In
diana the National Transit company and
the Union Tank Lino company. The sev
eral companies aro parties to nn anti
trust suit Instituted by the State of
Texas.
Si COAL IH I
lETJIi PRICE I
All Rock Fuel in Salt Lake Now H
Selling at $5.75 a I
Ton. H
FURTHER REDUCTION fl
CONFIDENTLY EXPECTED I
Producers in Two States Arc at H
War to Gratification H
of Public. I
Utah and "Wyoming coal may he re- H
tailed in Salt Lake at $5.50 a ton, and H
possibly at .5 a ton jwitliin Ibe next H
thirty fiftys. H
Local coal men, wholesalers, prodit- H
ccra and retailers, look for another H
drop iu tho price of tlio Utah anil Wy- H
omin fuel immediately. Tuesday H
word was received here by the Icrcal H
officials of the Kemmeror Coal cont- SB
pany that the price of that company's K
coal at the mine had been reduced 25 H
cents a "ton, effective to all retailers H
dealing with the companv. The Kent-
memr company is the last of the Wvu- H
iniiip; companies to cut its prices "to H
meet the prico of tho Utah fuel. The. H
cut makes all coal handled in Suit H
Lake by all the companies $5.75 a H
ton, as far as can bo learned. Tin.- IH
cut of the Kemmcrcr people is not :t H
new drop in' coal prices, but is simplv IH
a cut to moot si drop already made bv H
the other concerns.
-rr T710 wyminK coal men look for tho HI
Utah producera to cut their prices Hj
"Now that wo have met the prices H
of the Utah producers I would not be H
surprised to sec them cut again, in H
which case the "Wyoming rnon will -.:n- H
doubtedly again cut their quotations xo H
meet the Utah rate," paid M. II. Mc-
Allistcr, Jr., secretary and treasurer of
tho Kemmeror Fuel companv, Tuesdav
evening. "It looks very much to us H
as though coal will go considcrablv HI
lower than what it is now selling at."J HI
Up to Utah Dealers. H
The situation is apparently up to
tho officials of the Utah producing
companies, chief of which is the Utah
Fuel company. 1L G. Williams, gen- Hj
cral manager of the company, is ont H
of town at present. President Bnm-
berger of tlm iliambqrgor Coal com- HI
pany, said Tuesdav tyvening bo
had "ni-intimatioif'tl'rom",th'e'rUtab: Fuel ' H
company of another drop in prices at
the mine, and refused to predict a H
lower price for coal than is now pre- JjH
"I do not know what the Utah pro- fl
ducors will do," ho declared. "If H
thoy cut prices again at the mines it (H
will certain' make coal cheaper to rafl
the consumer, and I have no doubt bur H
that the "Wj'omiug producers would
meet tlie cut. However, I have had
no conferences with the producers anil IH
know nothing of their prospective :ic-
tions. ' ' H
The general opinion among the re- IH
tail men seeni3 to be that the wedge
has Veer, entered nnd that the pro- H
ducors will have to lower prices to Hj
move Uifir product. It is known that Hj
the i'tah companies are pushing theu H
product into new Holds and tho Wyo- HB
iiiicg companies are branching out in
every direction as much as possible
The Union Pacific Coal company, Hj
which, for over a year, has been sup- fl
plying the Hnrriman ronds with coal, HH
it is rumored will soou be back in tho BH
commercial market, the railroads liav- H
ing a big suppty on hand.
Summed up, tbo situation assumes
an aspect of tho conl companies with HI
big stocks on hand., more being con- HJ
stanrly produced and the absolute ne- Hfl
ecssity of moving the fuel or of clos- HH
ing down some of the mines, a thing H
the producers wish to avoid if poBui- HH
hie. The cost of producing is decrcan- H
ing in spite of the claims advanced HH
by the companies to the contrary, say HH
etailers here, who aro watching tlie HI
situation closely, nnd there is a gen- H
en:! feeling that the $5 per ton mark
will be reached within the next thirtv B
days. All coal is now selling locally BJ
at $5.75' a Ion. Hflj
VISCOUNT A0KI LEA YES
'FRISCO ON YOYAGE HOME
SAN FRANCISCO. Jan. 7. Viscount S. HH
Apkl. Japanese Embassador lo America. BH
who has boon recalled from Washington BJB
by his Government, sailed for home at 1
o'clock today on the Pacific Mall liner Hfl
Manchuria, accompanied by Viscountess MH
Aokl und I. Iwngoye, secretary of the HBJ
embassy. BK
The retiring Embassador was closeted NttM
at the Fall-mount hotel until shortly bo- fiWU
fore sailing with Consul-General Choo BB
Kizoke and Vice-Consul Matsubnra. and
made the excuse for not seeing nnwapa- BH
per men that he was too busy. Vice- W
Consul Matsubara. It Is understood, ban BB
been appointed Consul nt Seattle. BB
Viscount Aokl, before his departure. BB
declined to make any statement other Hfl
than to express his appreciation of tho Bfl
cordial welcome and greeting given him Bfl
in San Francisco. Bfl
WALL STREET'S OLDEST
BUILDING IS DOOMED
NEW YOKK, Jan. 7 The old assay H
office. Fald lo be Wnll street's oldest BflB
building, Is to be lorn down. A modern BBi
twelve-story hulldlng will occupy the slto Bfl
of tho old building and will bo used for BBH
the nssav office. Since the establishment BH
of the office In JSli. it is estimated that Hfl
SI. 000.000.000 In gold has passed through BB
the building. Old Jewelrv. coin mid Hfl
precious metals of all descriptions are flfll
there received and nont out .In bars Bfl
stamped with -the Government's guaran- uTK
tec of weight and fineness. HH
COMMISSIONER BALL'XGER 1
TO LEAVE LAND OFFICE !
v WASHINGTON. Jan. 7. K I chard A. BH
Balllngcr. Commissioner of the General BR
Land Office, hns tendered his rcsigna- Bl!
Hon of thnt office to President Roosevelt. BH
and It has been accoptud, to take effect Bfl
'h. 1. Fred Dennet, assistant com- BH
nilssloner. has been appointed Commls- fluff
3?
....