Newspaper Page Text
No 17 45 p. m. .
Ho. 4 5. 50 p. m.
Nw. 712. 5 p. m.
No. 87.55 p. m. .
No. 9 i.Ss u. m.
renter. Colo., Oct. 28 Fair tonight
and Tb stfay.
WE GETT THE NEWS FIRST"
ALBUQUERQUE. NEW MEXICO. MONDAY EVENING. OCTOBER 28. 1907.
FIFi APJPIFRQ U
I HinnuiLiiu ui a
biAioio nHd ;vy
mm m m i
Middle West and West Has No
Need to Worry Over New
FOREMOST MEN ARE
Good Crops Commanding High
Prices and Factorlej Unable to
Fill Orders Are a Stable
Foundation For the
Country at Large.
There Is no need to -worry over the
banking trouble in New York.
Panic? The word ts a meaningless
carcecrow to the people of this
country today a fleeting whlsp of
mist that dissipated the instant the
sun's rays of Albuquerque prosperity
In special telegram today the
frtfom.tar men of affairs in the na-
lief that the
financial difficulties In the east will
..., uithnnr nnriooahlc effect I
Ir. ih of the country. The pith
., .i,i ,,,,..,, in that tho houn-I
farms and I
the steady whir of the factory wheels
have built a Gibraltar iounaauun 01
nrosnerltv that will take a greater
earthquake than Wall street's money
shake to dlsturD it.
The telegrams from these, nation
allv r.roirtinent business men follow
No Need of Anxkrty, Says; DavU 11.
Rt. Ixuls. Mo., Oct. 28. In my
luriimvenL there is no reason for fl
nancial anxiety In this country. With
good crops commanding high prices
and an unsatisfied foreign demand,
the balance of trade should be great
iv iin nnr fnvor. With mines annual
ly producing an Increased output of
precious ores and. Immigration to the
tint oi a milU.i'i a jtir, aud Inoii
itimable undeveloped resources, there
in no reason whv .the country should
not be prosperous and the people
happy. It Is essential, however, that
roniidence should prevail, as no
country can advance and no business
survive without It.
DAVID II. FRANCIS
Capitalist, Former Secretary of the
Interior and Governor of Missouri.
BtisincHt 1'oiiinUitloii Solid, Says
.New York, Oct. 2 8. The founda
tion of our business enterprises la
sound, and the fair treatment of such
Interests and big and quick action on
the part of the United States treas
ury will Induce tho return of money
to Its natural channels and relieve
E. H. HAR1HMAN,
President t'nion Pacific Railroad
Normal Condition Return Soon
New York. Oct. 28. I am confi
dent that there will be no nerlous
business troubles In this country. I
believe the protection given to the
tituatlin in New York insures the
pawning of the crl.-ls and that normal
conditions will soon prevail.
Banker. Traction Magnate and Roth
schild s American Representative,
Country IUi-Ii; l-Ylglit Unnecessary
New York, Oct. 28. The country
Auguft Belmont E. H. Harrlman
J. OiUeu Arniuur E. H. Gary.
li.miel Guggenheim D. It. Francis
is all right. It is rich and rapidly
growing richer. We hail soon lie re-
crivinit the benefit or a i.irge portion
of th- Immense uud valuable crop of
the season. Many are unnecessarily
and unreasonably frightened. At such
times as these every one of Influence
hould exercise prudence, keep cool
and do everything possible to restore
and maintain confidence.
K. II. GARY.
Chairman of the Board of United
Stales Sttel Corporation.
lk-iin-Mtlou i Wliol'-iome. AshitW
SECRETARY TAFT PARTY
vay Mules Collide With
machine and Distin
AFTER NARROW ESCAPE
None Is Injured But Mrs. Tall Is
. Secured With Great Diffi
P. I., Oct. 28. Secretary
wife and Generals Wood
of the United States army
had a narrow escape from a team
of runaway mulea last night while
The machine was run into ana
partly upset and the occupants spill
ed. The chauffeur, who was running
his machine at a terrible speed,
was so badly frightened at the nar
row escape of his distinguished pas
sengers that he fled into a nearby
jungle and was Drought paca wun
That the accident did , not prove
fatal to bo me of the party was mlr
aculous. The mules were running
at a terrific speed In an opposite dl
rection to that which the automobile
Instead of taking to the
road side, when the runaways were
seen coming the chauffeur drove
straight down the road toward the
on rushing animals until they were
so near that a collision could not be
Two members of the party were
bruised and Mrs. Taft was so badly
frightened that she had to be given
a stimulent at the nearest stopping
nlace. which was reached with some
difficulty on account of the disap
pearance of the machinist.
a w hole is financially i-ouna. i ne
srrent farmlne district of the mlddl
west Is oat of debt, has money in tne
bank and abundant crops still In
hand. With this condition in mind
there should be no doubt of the abil
ity of the whole country to absorb
the financial difficulties In New York,
resulting from the enormous decrease
In the selling price of seeurtles. There
Is nothing in the present situation
to indicate more than a depression In
the business of the country, wnicn,
cnmlnar after the high pressure un
der which we have been running, will
be nothing more than wholesome
and beneficial to all of our commer
J. OuDEN ARMOUR.
Millionaire Packer, Banker and Grain
Situation Will Clarify Soon Guggrn
New York. Oct. 28. The P"t
stuKe of the present financial trouble
was the bear squeeze. Tne second
was the overselling of the market,
Third tage Is the hysterical. But
that's all It Is. The country will not
suffer. In two or three weeks tne
situation will bo clarified and money
will toe plentiful agiin.
Member of Guggenheim Bros., smel
Fire Started From Cafe Kltch
Butte. (Mont.. Oct. 2S. The Im
mense pavilion at Columbia gardens,
liuiie s cnier pleasure resoi i, v.
destroyed bv lire early this morning,
causing a loss of more than $30,000.
The building contained an expan
sive dancing lloor, a cafe and several
valuable collections of minerals ana
The fire started In the cafe part
and is thought to have been caused
bv lire from the stove In the kitchen.
The city Are department was unable
to reach the fire before the buuaing
was totally destroyed on account of
the distance of the park from the
city. The building was owned by
l"niK'ror's Condition Sutisfat'tory.
Vienna, Oct. 28. The physicians
In uttendance on Emperor Francis
Joseph today deckled not to li,.ue
any further bulletins as they consid
er that his convalescence is pro
PETI1BQKE CASE IS
FOR NOVEMBER 21SI
Boie. Idaho, Oct. 28. Judte f
Woods today set I'ettibone's
case for trial for November 21
and says If the rase 1 further 4
delayed he would continue it
to the January term. 4
WALL STREETS NERVES
Late Reports Show Conditions
Much Brighter All Along
The Line of
nstltutlons of Oklahoma City
Obey Governor's Request to Sus-pend-One
Small Concern In
Kansas City Liquidates
Of Own Accord.
New York, Oct. 28. The financial
situation continues to show encour
agement. There was strone- evidence
of Improvement at noon.
Gold engagements now total 112,-
000,000 and already the securing
of this amount of money has exerted
Many orders have been received
from abroad for American securities
and this will agument specie Impor
There were no failures In New
York today up till 1 o'clock. Pres
sure on banks is distinctly abating.
CIXNsK DOOHS OX OIlDKI!
Oklahoma City, Okla., Oct. 28.
Every bank in this city is closed to
day on orders of Acting Gov. Charles
FUson and it Is said that the or
der will be In effect for the rest of
the week. Bankers of the city are
hi exs!on at the Chamber of Com
Order astounded bankers as there
had been no uneasiness felt here,
and all local banks are considered
of strong financial condition. me
people of the city and the rural di
trlcw have iplenty of money.
1Viitz Takes lfocautloii.
Mr. FUson issued -a iirou'ljwa-1
tlon closing, banks- of the terrrtoyi
for one week, on demand of bankers.
Action was taken because banks
of Kansas City and St. Louis refus
ed to forward cash to banks of tne
It is said that a consultation of
bankers of Arkansas, Oklahoma, and
northern Texas took place this morn
ing over the telephone and that all
have decided to act in aeeoraance
with the order Issued by Acting Gov.
Filson In Oklahoma. Clo-ing is for
purpose of protecting banks In case
KANSAS CITY HANK
Kansas. City, Mo., Oct. 28. The
Bankers Trust company with de
posits of $800,000, closed this morn
ing. Cashier J. C. Hughes said that
they had decided to close tempor
arily (because clearing house asso
ciation has refused to extend it the
privilege granted thirty other lead
ing banks here of association In Is
suing clearing house (jertiflcates.
COMPANY Wll.li GO
INTO LIQUID VTION
The Bankers Trust Co. will go In
The concern has been planning
liquidation for several weeks and
under ordinary conditions would
have been able to do so without lOhS
tu anv one.
Statement of condition at the
close of business Saturday night
shows loans and discounts 1658.701;
stocks and bonds 1598,581: cash and
sight exchange $114,547; deposits
871IX.245. There was but $8,000 cash
on hand when the bank opened thin
XIAV YORK OPENS THE
NEW WEEK HOPEFUL.
New York. Oct. 28. Fortified by
the remedial measures adopted Sat
urday for the protection of New
York's supply of currency, financiers
began th' new week In a hopeful
frame of mind.
They were especially encouraged
by the precautionary measures tak
en In other cities Including the is
suance of clearing house certificate
at various other centers besides New
York, believing these measures win
be effective in keeping necssary sup
plus nfca sh within control of banks
for use in carrying on business of
Engagements of gold for import
to date amount to eleven millions.
.MIDDLE WlSiT IS
Sl i: FROM I'AMC.
Washington. I). C, Oct. 28. James
Wilson, secretary of agriculture, said
last night thai the middle west was
safe from any money panic, if tne
money which farmers have secured
from their products the present year
has anything to do with tne s.tua-
They secured $, 794, 000. 000 for
their products during the year 1908.
This year they will receive much
more than that.
This enormous sum not only means
that there will be no hard times for
the country now but that the pros
perity which has blessed It for a
dozen years will continue.
Secretary Wilson is unable to see
any danger In financial situation, be
lieving that the difficulty will be con
fined entirely to New York.
DEWElt nNKERS TAKE
Denver. Colo., Oct. 2 8. The clear
ing house association of Denver has
..i.mtrii the same rule that eastern
cities have adopted in the matter of
Usuin clearing house certineaies,
which will facilitate tha transaction
of business during the present airing-
. fiirv of money.
This provides that depositor may
Jlm RUSSIAN GENERAL IS
R no MHT QRP1UT TO WflPDV RTfl rMTPrP 5 VlMl finiMW m
UliUil Rqoqcxxxxxxxxxxxxjccw ullU I uy if if j
we mmsmb - n
CONSTITUTION FOR NEW
STATE GIVEN TO
Statehood Proclamation Will
Be Issued On Novem
ber 16. Next.
ROOSEVELT M JETS '
. FKANTZ CORDIALLY.
Wsahlngton, D. C. Oct. 28. Pres
ldent Roosevelt will issue his procla
mation admitting Oklahoma to state
hood on eaturday, November 18.
The constitution under which the
new atate will 'begin the management
of Its own affairs waa formally plac
ed in the presidents hands tnis
morning at 11 o'clock by Governor
Frank Frantz, who was accompanied
by a large delegation of prominent
The meeting between the president
and the rough rider governor of
Oklahoma was a very cordial one.
Governor Frantr then presented hU
friends, seven In 'number.
The tendering of the constitution
to the president followed a pleasant
draw $100 In cash each week and
any other cheeks that depositor may
draw on bank will be paid in clear
ing house certificates, which are ex
pected to circulate like bank notes.
DVLITH BOARD OF
Duluth, Minn., Oct. 28. Trading
In grain was suxpended on the Du
luth Board of Trade this morning,
owing to the scarcity of money.
Conditions will not be resumed un
til conditions Improve,
PITTSBURG STOCK EXCHANGE
KEi:iS CliOSED DOORS
Pittsburg, Pa., Oct. 28. The di
rt (tors decided not to open the
Pittsburg Stock Exchange this
morning and no announcement has
been made as to when It will open.
It is believed in some quarter
that It will remain closed all week.
RENO HANKS ARE
OPEN AGAIN TODAY
Keno, Nev.. Oct. 28. Every bank
In Reno opened for business tills
morning and confidence Is restored
Huge stacks of currency and coin
are piled on the counters of each
bunk In plain sight and every do
inand for payment has been met
HUN ItS HIBERNIAN
BANK OF CHICAGO.
Chicago, III., Oct. 28. The police
headouarters received a hurry can
from the Hibernian bank today ask
ing for a equad of policemen. Dur
ing the noon Ijojir a crowd of more
than 100 people"" tormed In front of
the hank to withdraw funds or to
give notice of the withdrawal of
funds and the officers were needed
to keep them In line.
FEDERATION MINER "
New Haven, Conn.. Oct. 28. Mit
chell B. Haggerty, an official of the
Western Federation of Miners, aged
about 60 years, has entered law
school at Yale university to fit him
self for admittance to the bar In
Montana. Hi wife Is studying elo
cution at Yale.
DIES IV NEV AD
Reno, Nev., Oct. 28. Nate Rolf,
slate auditor of Nevada, supreme
repreaentattve of this tat of
Knights of Pythias and one of tho
most prominent imen in Nevada, died
last night from Injury received in a
runaway accident recently.
mmmim : i
U. S. SENATOR FORAKER
Reasons Given In Speech In
Senate During Session
, In 1904.
OHIO SENATORS WILL
SUPPORT SEPERATE BILL
In a letter dated, Cincinnati, Oc
tober 23, 1907, from United States
Senator J. B. Foraker, and received
by his brother, U. S. Marshal Crelgh
ton M. Foraker of this city, lost Sat
urday, is the following statement:
"1 send you herewith a copy of
the speech 1 made In the senate Jan
uary liih and lbth, 1903, in favor
of separate elnti hood for iN'ew Mex
ico. The reasons I then gave for
separate statehood are stronger to.
day then they were then. I shall
of course, be glad to help the prop
osition In every way I can."
It will be remembered that Sena
tor Foraker strongly championed
.New Mexico In per I jnt for state
hood a few yosrs ago and the fol
lowing extracts from the great
speech he made in 19U3 will be of
interest at this time when the ter
ritory is on tne verge oi a renewed
battle ior the coveted condition of
sisterhood w'lh slates. At the time
this treech was dtl-vered the senate
ha 1 ui.l'T CLin-iottatioii the bill to
eii.V'l.s thi loop'o if Ok'ahoma, Arl-
s.mli and jsw tMexico to form con
stltutions and state governments and
be admitted into the union on an
equal footing with the original
suites. Senator Foraker said:
"When you come to consider the
question whether or not any par
ticular territory Is entitled to state
hood, there are three general prop
ositions to be considered. One is
area. Is the territory auftlelently
large, or Is It too large? Nobody ob
jects to area in this case. The area
i of New Mexico and the area of Ari
zona are large, but nooouy claims
that the area of either territory is
too large, and certainly nobody has
claimed that it is not large enough.
So I pais that by. So far as mere
acreage is concerned, mere extent of
territory, these territories are quite
acceptable according to every prece
dent that we have established.
"There are only two other general
questions remaining. One Is, have
the people wealth enough within
that territory, sufficient property, to
support statehood without unduly
burdening themselves by taxation In
order to -auje revenue? It they
have, then the remaining question,
and the only question remaining, is
one of population. Is that sufficient,
and ts it of tne proper quality?"
In speaking of the taxable prop
erty or .New .Mexico ine senator siai
ed: "I do not. think that there can
be any difference of opinion as to
tiie truth of the proposition that
they have at least two hundred mll
lion of taxable property in the ter
ritory of New Mexico. That is very
conservative. Now. if they have
$io0,0uo,0u0 of property In the ter
ritory of New Mexico, that Is much
more than we have had as a rule in
oilier territories which have been
admitted to statehood, and there Is
no ouestlon every man can take a
pencil and figure It for himself that
ll is suIMcient to sustain the burdens
of statehood without any undue rate
"Consider now the railroads. I saw
the statement only a day or two ago
that they now have 2.800 miles of
railroads. I suppose it .would be a
conservative estimate to- say that
these railroads are worth $30,000 a
mile. if they have 2.600 miles of
railroad worth $30,000 a mila you
can see at once what a great aggre
gate of value it makes."
In speaking of tiie lands of New
Mexico, the senator said: "We have
(Continued on Iage live)
WILL ATTACK TEXAS
Attorneys For Corporation
. will Take Action Im
mediately. tDENT FOR ACTION ' V
i AS YET UNDISCOVERED
Fort Worth, Texas, Oct. 28. At
tomey General Davidson Saturday
received notice from Judge Head of
Sherman, one of the lawyers for the
Waters-Pierce Oil company, that he
would file a motion in the United
.States circuit court of appeals at
Fort Worth to dismiss the state's ap
peal from Judge Bryant's order ap
pointing a federal receiver to take
charge of the affairs of the Waters-
IMerce company. The attorney gen-1
eral has not yet received a copy of
the motion, consequently it is not
kaown on what ground the corpora
tion's lawyers will base the propos
ed motion. This indicates that Fed
eral Receiver Dorchester Intends to
fight for his position.
Bradley Jlx Palmer, of Boston, offi
cial representative of the minority
stockholders of the Waters-Pierce
Oil company, Is here in conference
with William Capps of the firm of
Cappa, Can ley, (Hanger & Short, which
also represents the same party of
oil investors, in an effort to unravel
one of the most remarkable legal
tangles In the turbulent history of
oil litigation in Texas.
The recent decision of the civil
court of appeals affirming the de
cision of the district court In the
WaterxPlerce receivers!! p case has
left the various attorneys connected
with the case wondering what next
to do. Ever since the decision of
the appellate court there have been
conferences and consultations and
much searching of law books for a
precedent which may toe cited.
The court decision left the state
receiver in charge of the property of
the W-jters-Pierce Oil company In
Texas, but the federal receiver sniffs
scornfully at this decision and says
he Intends to hold onto his rights.
Legal tangles now arise as to the
rights of the federal receiver and
state receiver. Mr. Capps suld he
did not know what the Waters
Pierce ipeople's next move would be.
PRESIDENT DIAZ SPENDS
200,000 IM ON
Mexico City. MeX., (Vt. 28. It Is
said by persons In position to know
that the expense of the Mexican gov
ernment for the entertainment of
Secretary Root in this cily did not
exceed two hundred thousand dol
lars, Mexican money.
The entertainment by private per
sons and social organizations would
make tiie total cost much higher,
but exaggerated reports of the gov
ernm. in s expense have been sent
GRAND KNIGHT TEMPLAR
Dll-S AT HOUSTON
Hou.-ton, Texas, Oct. 28. Luclous
Noes. aged 62 years, past Grand
Commander of Knights Templar o
Texas and Eminent Commande
of Iluthven Commandery of this city
died suddenly last night. lie wa
born -in Conuecllcutt of southern
parents and served In the confeder
ate army. .
Assassin Fired From Second
Story Window and
For Many Hours
TERRORISTS . ARE
Dead Officer Was First in Com
mand of Prison of the Inter
ior and This Is Given
As Reason For
St. Petersburg, Oct. 28.-
result of the assassination
eral MaxlmofTsuy, St. Petersburg ia
In a wild heat of excitement. The
assassination occurred this morning;
and took place in broad day light.
The shot waa fired from a second
story window in one Of the most
public places of the city, yet at a
late hour today the assassin had
eluded capture. The general waa di
rector of the department of the pris
on of the Interior. The fact that he
was the first responsible officer in
this department Is supposed to be
the reason why he waa selected for
assassination. Terrorists are thought
to be responsible for the crime.
UIICLE SAI.1 BUYS
Keeness of Competition MaKes
. "Trice Go Up Three and '
" One half Centsi ; "
London, Oct. 28. The United
States cabbaged all the bar cold of
fered on the markets .here tod-ay,
paying the juicy price of $19.60. ,
which is three aud onehalf cents
higher than any previous quotation.
The amount secured will aggregate
The United States pushed the bid
ding from the moment the market
opened and secured all gold offered
for sale, but its agents were not the
only ones in quest of the yellow met
al. The unprecedented rise of the
price Indicates the keenness of the
ALLEGED ARIZONA LAND
FRAUDS TO BE IN
Court Issues Orders For the
Arrest of Four Prom- '
Globe. ArU., Oct. 28. A sum
mons has been Issued in tne teaerai
court here upon an order of Judge
Nave against t reuerlck A. Hyde,
John A. Benson, George Vv. Wells
and Sarah O. Wells. New England
iuid the Clifton Copper company for
the recovery of 1,000 tacres of land
located In four ArUona'countlea. The
supreme court of the United Htute
recently affirmed a decision oi ine
lower court holding that the lands
were obtained by fraud. The suit
was filed two years ago, but the sum
mons were not Issued on account ot
the government's desire to complete
a criminal prosecution of the case.
Benson was recentiy convicted in
San Francisco on a stniii-ar cnarge.
The suits will be Hied Saturday in
the United States court at r resoii.
Socorro, N. M.. Oct. 28. Ferdl-
nana Boeckeler, proprietor of the
Palace house, one of the leading ho
tels of this city, I mis-nig and It Is
said that he has left the country
owing considerable money here and
In Albuquerque. i no suuunur.
have been notified and an effort Is
being made to locale the nus--ing
man. His debts, it I -'ld. will ag
ABYsslNI IS GIVEN
CONSTITUTION VL (.III I'ltVJIKXT
Adis, Abeba, Abyssinia. Oct. 2.
King Menellk has taken an import
ant -tep ill the direction of giving
Abysania a constitutional form of
government In laulng a decree to
day providing for the formation of
a cabinet on European lines.
Simultaneously he announced tne
appointment of ministers of foreign
uir lostlce. finance. commerce
'and of war.
Chicago, Oct. 28. The country as