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voi,. xxxih. I>T?T^T?« F^fl f^ln'lVT'y by carrier
MMIUIt 3. 1 JLXXKjUi . , OU V^Jlill lO ; • PKK MONTH
GAVEL SOUNDS
FOR SESSIONS
OF FINANCIERS
Thirty-Sixth Annual Convention of
American Bankers Opens
in This City
SIXTEEN COMMITTEES MEET
Important Question of Uniform
Bills of Lading on Pro
gram for Debate
RADICAL CHANGES PROBABLE
Delegates from All Important
Business Centers in Country
Will Assemble Today
The thirty-sixth annual convention
of the American Bankers' association
—a convention attended by the most
representative assemblage of finan
ciers In the history of American bank
ing—the convention which will map
out and direct the trend of the na
tion's financial policy for the coming
year, opened in Los Ang-eles yesterday
with 2200 delegates and their guests
registered, representing every state in
the Union, In attendance.
With every incoming- train bringing
delegates and- ropresontatlvos of prom
inence In the financial world, the con
vention began taking on greater im
portance all day, until, last evening,
it was freely admitted by officials that
the thirty-sixth would be in rilany in
spects the most Important association
convention ever held.
Without loss of time, and with the
name smoothness that characterized
their reception here by the local bank
ers, the financial giants of the coun
try began the first serious work of
the convention yosterday morning,
when sixteen different committees,
handling every branch of the asso
ciation's activities, met in different
offices and rooms in the Alexnwdrla
hotel and the Auditorium theater to
prepare for presentation to the asso
ciation as a whole the xist of the
matter to be considered by it.
; "v COMMITTEE RETORTS EBU)I
Without a hitch of any kind, and in
. the quiet, businesslike manner of
bankers, the committees did -their
share of the convention's work yestor*
'day behind cloned doors, and last even
ing- the chairman of each. committee
announced that all reports were Jin
readiness for consideration by the en
tire body of delegates - at their first
session In the / udltorlum today. , i i
\fi It is by the committee method—the
method of having- a small, compact
body of men of known ability accom
plish in a day what the more unwieldy
entire body could not accomplish iln
several, that the association transacts
nil its work, and that the method is
Satisfactory goes without saying.
Possibly the report awaited with the
greatest Interest- by the assembled
financiers is that of the bill of lading
committee. The question of uniform
bills of lading will be foremost among
the questions considered by the asso
ciation, and as the decisions of the
committee considering this question
must necessarily, bear great weignt
with the delegates, its probable de
cision was the chief topic of conver
sation in hotel lobbies yesterday aft
ernoon. .
VNIFOIUI BILLS OF I.AIHXG
In regard ' to the importance of this
question. President. Piorson said:
"To the bankers throughout ! the
country the bill of lading has been for
some time rather a , 'bugbear.' It to,
next to the check, the most Important
instrument of commerce we have, and
something which every bank is con
stantly called upon to handle. No
commercial transaction in which goods
are shipped is ■ completed without it,
and for this reason the bankers art
going to endeavor to secure unformity
in bills of lading and to decrease the
possibility of fraud. . -
"As it stands at present," continued
Mr. Pierson, "the bill of lading causes
great loss to banks every year. Dur
ing the past year an investigating
committee reports that over $10,000,000
■was secured by fraudulent bills of lad
ing from bankers of the United States,
so it is easy to see why we are dis
playing such an Interest in its reform.
\ "In' all probability the ' committee
will recommend, and the association
will exercise its Influence to have
passed, the Stevens bill, which ; re
cently passed the house of i represen
tatives and is now before the senate,
■which, it is believed, will remedy the
bill of lading evil and make it abso
lutely safe collateral for banks to ac
cept for loans." _ . • -\ :
' . EXECUTIVE COUNCIL MEETS
Late yesterday afternoon the execu
tive council went into annual session
at the Auditorium with William Liv
ingston of Detroit in the chair. The
council voted to recommend for ac
ceptance the several. proposed amend
" mentn to the constitution which have
been suggested. This action on - the
council's part practically assures the
amendments' adoption by the asso
. elation.
Possibly the most important of these
amendments provides for creating a
new section to the association similar
to the savings bank or trust company
sections. The secretaries of - each ■of
the state bankers' associations are or
ganized into a small, compact body for
the purpose of bringing the states in
closer ■> touch with . one another ana
■' facilitating; interstate relations. If the
proposed amendment carries, this or
ganization will be made part of the
American Bankers' association.
The only other business transacted
by - the' council: which • members' were
willing to discuss ' was the election of
Hiram -R. Smith,' president ;of the
Bank of ; RockvJUe Center, N. T., to
the executive council, succeeding Lu
ther ,W. Mott,, resigned. Mr. ' Smith's
name was suggested by the New York
State Bankers' association, and was
the unanimous choice, of •, the • council.
(Continued on Face live)
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. * ;■ / ■
LOS ANGELES HERALD
Close Range Photograph of Wrecked Presses in Basement of the Times Building,
Showing How They Were Overturned by Terrific Force of Saturday's Explosion
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BOILERS EXPLODE;
STEAMER IS LOST
Seventy Persons, Including Crew
Carried by Vessel, Believed
to Be Doomed
PANAMA. Oct. 8.-The steamer
Chiriqul, belonging to the Pacific Steam
Navigation company, plying between
Panama and Buena Ventura, is re
ported lost by an explosion of her boil
ers off Garachine In the Gulf of Pan
ama.
Two steamers have been sent out to
investigate the report. The Chiriqul
carried twenty-seven first-class pas-
sengers.
including the crew there were sev
enty persons aboard. She was of 343
tons register.
BATHING SUITS IN STREETS
OF SANTA MONICA BARRED
City Council Takes Action That
Startles Ocean Nymphs
SANTA MONICA, Oct. 3.—No moro
will nymphs of the sea be permitted to
wander dripplngly about the city, call-
Ing for mall at the postoffice, chatting
with friends in the Btreets, and all the
time displaying alluring charms in their
bathing costumes. The city council
tonight passed an ordinance requiring
wearers of bathing suits to remain on
the sands and not go east of Ocean
avenue and Main street, which parallel
the water.
The ordinance requires that when
ever bathers have occasion to leave
the sands on some errand they shall
put on suitable clothing over their
bathing suits so that only their hands,
faces and feet remain bare. •
$1,500,000 FIRE SWEEPS 3
ACRES IN NEW YORK CITY
Chief Croker Says Burned Area
Greatest in His Experience
NKW YORK, Oct. 3.—Fire in the
vicinity of Twenty-fourth street and
Eleventh avenue caused damage es
timated at $1,500,000. Chief Croker an
nounced that it was the greatest
burned area in his experince in New
York city.
The space swept comprises almost
three acres of lumber yards, factories
and stables.
For nearly three hours the flre was
beyond control of the firemen, and
was stopped at length by action of ap
paratus which combined and threw
water at the rate of 35,000 gallons a
minute.
TUESDAY MORNING, OCTOBER 4, 1910.
FAVORS PLACING NATIONAL
GUARD ON SALARY BASIS
Washington General Recom
mends U. S. Pay Militiamen
ST. LOUIS, Oct. 3.—The payment of
salaries to members of the national
guard throughout the United States
was recommended this- afternoon before
the twelfth annual convention of the
National Guard association which
opened here today.
The proposition was urged by Gen.
James A. Drain of the Washington
national guard. Gen. Drain also ad
vised the appointment of regular offi
cers to take charge of the various state
organizations. It Is understood tonight
that Gen. Drain's proposal that the
federal government pay the militiamen
will be opposed by the delegates from
the eastern states, where the guards
are said to be better provided for.
Gen. Leonard Wood, chief of staff of
the United States army, was on the
program today,' but was delayed in
reaching the city. .
LA FOLLETTE ENTERS HOSPITAL
ROCHESTER, Minn., Oct. 3.—Sena
tor LaFollette entered St. Mary's hos
pital today) preliminary to undergo an
operation tomorrow. He considers the
operation of a minor nature and con
tinues to feel In the best of spirits.
HERALD WILL RECEIVE SUBSCRIPTIONS
FOR FAMILIES OF EXPLOSION VICTIMS
IN view of the fact that an awful crime, which is truly a public
calamity, has been committed, and the families' of a score of
wage earners are left without means of support, the mayor has
appointed a committee of newspapers and banks which shall receive
subscriptions for the families of those killed in the Times explosion.
The Herald takes this means of announcing that subscriptions
will be received at its offices in the Chamber of Commerce building
and urges the people of this community to give as they are able for
the assistance of the stricken widows and orphans whose husbands
and fathers, respectively, have been slain by fiendish assassins per
petrating the most horrible crime ever recorded in the city of Los
Angeles.
The need is urgent. Entire families must be provided for.
Send or bring your subscriptions to The Herald office and the
money will be turned over to the sufferers through the banks which
are members of the relief committee. All contributions will be
acknowledged in the press.
TO HOLD GRAND PRIZE
AUTO RACE OCTOBER 15
Will Send Contestants Away at
10 A. M. Over the Vander
bilt Cup Course
NEW YORK, Oct. 3.—The grand
prize race for automobiles will be held
over the Vanderbilt cup course on
Long Island Saturday, October 15.
A decision not to cancel the permit
was reached tonight by the board of
supervisors of Nassau county, L. 1.,
after conference with W. K. "Vander
bilt Jr. and other representatives of
the Motor Cups Holding company.
But to eliminate the crush of auto
mobiles at daybreak or earlier the race
will start at 10 o'clock In the morning.
Instead of at 6, the time at which the
Vanderbilt contestants -.vere sent
away.
Also there will be more .thorough
policing of the course. It .was the gen
tral opinion that in view of an Indem
nity bond now held by the county,
given by the Motor Cups Holding com
pany, several suits might result in
canceling the permit.
No additional deaths among the
score Injured Saturday were reported
today.
CONDUCTS HIS CAMPAIGN
FROM NEW JERSEY JAIL
Mayoralty Candidate Imprisoned
for Refusal to Pay Fine
NEWARK, N. J., Oct. 3.—William J.
Schiner, candidate for mayor of tha
town of Vineland, N. J., Is conducting
his own campaign from behind the bars
of the local jail. He was ordered
Thursday to pay a fine of $1 for being
disorderly, or go to jail for ten days.
He decided to go to Jail. His alleged
disorderly conduct occurred while be
was discussing local politics. On the
front door of his closed place of busi
ness Schiner has posted the following:
"Because of politcal spite my shop
will not open until Oct. 8. I positively
refuse to pay for gasoline used by city
officials in their automobiles. Right
■ will always prevail. If you want a
clean atmosphere and justice to prevail
I in Vineland, vote for me."
KERCHER BREAKS RECORD
SPRINGFIELD, 111., Oct. 3.—ln the
automobile races at the Illinois state
fair today Kercher, driving a 100 horse
! power Darracq, broke the three-mile
I circular track recod of the state. Time,
2:47. Barney Oldfleld, driving a Blit
zen Benz, broke the one-mile state
record. Time, :54.
■< iMi 1 I 1? (1 ( ) i*\ F'"''"} • DAILY Zc. ON TRAINS So.
Olil Vjrljili V>V/X J JUO . SUNDAYS 80. ON TRAINS 10«
TRUST DISSOLVED
FOR HALF AN HOUR
Judge Suppresses Kansas City
Exchange, Fines Members-
Then Rescinds Orders
KANSAS CITY, Oct. 3—Half an hour
after Judge E. E. Porterfield had dis
solved the Kansas City Produce ex
change and fined three of its members
an aggregate of $8500 today, the court
set aside both the order and the fines.
When the first court action was taken
today none of the defendants to the
suits had a legal representative In
court. Within a few minutes after
Judge Porterneld had fixed the penal
ties, however, W. S. Cowherd, attorney
for the exchange, appeared and made
strenuous protest against the action
that had been taken. He said he did
not understand the time for the hear,
ing had been set for today.
Judge Porterneld then set the case
for hearing tomorrow morning. It is
understood Attorney Cowherd will ask
Judge Porterfield to appoint a commis
sion to take the evidence In the case
and submit a recommendation to the
court.
Fines assessed today were:
The Armour Packing* company, $7500;
W. L. Grush Commission company,
$500, and Hurst Produce & Commission
company, $500.
Had the court desired, it might have
ordered the Armour organization to
cease doing business in this state.
UK! FIRMS INVOLVED
For years the custom has been for
the exchange to meet dally ,at a hotel
and fix the prices on foodstuffs. A few
months ago, nine members of the or
ganization were indicted, charged with
operating a trust. Later Prosecutor
Conkling made a civil case of the
charges.
The companies named in the last suit
were: Armour Packing company; Swift
& Co., C. W. Spencer & Co., the Mer
chants' produce company, Charles M.
Marston & Co., F. W. Flynn &Co., the
Hurst Produce company, J. Hurst &
Co., W. L. Grush & Co., the Trimble-
Commission company, the A. W. Baer
Commission company, Aaron & Co., the
Kansas City Fruit & Produce Ex
change, William Brlgger. John Hage
lund and P. Leroy Storm.
As no notice of the suit had been
served upon Swift & Co., Judge Porter
field took no action on its case today.
A court citation was made, however,
ordering representatives to appear in
court Monday to answer a charge that
It had been violating the anti-trust
law.
CAR HITS WOMAN; NOT 3ERIOU3
In attempting to dodge an automobile
at Broadway and Mercantile place at
7 o'clock, last night Mrs. Henry Hamil
ton, a guest at the Hotel Lankerslilm,
stepped in front of a street cur and
was hurled to the curb. She was taktm
to . the receiving hospital, where the
police surgeons stitched two lacera
tions In her head.
CENTS
POLICE TRACE
LAUNCH LADEN
WITH POWDER
Sensational Developments Attend
1
Vigorous Inquiry Into Destruc
tion of Times Building
DELIVERY OF EXPLOSIVE
Authorities Believe Boat Peerless
Has Been Registered Under
Another Name
BENEFIT FOR RELATIVES
Detectives Have Description of
Five Men Who Loitered Near
the Zeehandelaar Home
DEVELOPMENTS OF DAY
Threatening: letters are received by
Postmaster Harrison, the Pacific IJgbt
and Power company, the Edison Elec
tric company and the I»s Angeles Gas
and Electric corporation. Guards posted
at postoffice and plant! of the com-,
panles.
City countll authorizes appointment of
forty policemen, ten sergeants and on*
lieutenant to Increase force. Police com
mission appoints forty-two additional,
policemen.
Supervisors offer (6000 for each per
son convicted of complicity In outrage,
and Mayor Alexander Increases reward
offered by city from $2500 to $10,000 for
each conviction.
City council to authorize today large
Increase in police force and set aside
more money to help run down men be-
Uevcd to have dynamited the Times
building.
Seven bodies have been taken from
ruins. Coroner Hartwell impanels jury
to Investigate tragedy. Believes no more
bodlrs will be found owing to tierce
heat at spot where most of the victims
perished.
H. Nordmark and Tarn IFearn arrested
near Baker Iron works and will be
clusily questioned by the police.
■Mayor Alexander yesterday asked
Governor OIUeU to hold the naval nil-'
lltla here In readiness for duty If union
men attempted a parade last night. He
feared a riot. No attempt to parade
was made.
Police investigation of the
wrecking of the Times building
by dynamite, which resulted in
the loss of more than twenty lives,
the injury of a score of others, and
a great property loss, now is cen
tered on locating the launch
that conveyed 500 pounds of 80
per cent nitro powder from the
wharf of the Giant Powder com
pany at San Pablo to a point off
the coast near Los Angeles.
'The powder was placed aboard
a boat bearing the name "Peer
less" in new letters on the bow.
The explosive was delivered to
a man giving the name of A. J.
Bryson. The stuff was ordered
and paid for by Bryson and de
livered to a man'giving his name
as William Morris.
In searching for the boat the
Los Angeles police learned that
a boat of the same description
was anchored off San Pedro a
short time ago and that it bore
the name "Anacapa." As a re
sult of some misunderstanding it
was given out that the engineer of
this boat is named William Bri
son. The vessel was found to
have left San Pedro and the trail
was lost.
Late last night The Herald re
ceived a message from Ventura
to the effect that the "Anacapa"
was at San Pedro harbor Septem
ber 3 and left /or the north sev
eral day.s later and had not been
in San Pedro harbor since that
time.
H. D. Webster, son of L\ F.
Webster, former postmaster of
Ventura, who owns the Anacapa,
stated last night that the boat had
been confused with some other
craft.
"My father owns the launch,"
said H. D. Webster. "I am the
engineer of the boai and am
aboard it whenever a trip is made.
The last time it was in southern
waters was September 3, when
we anchored at San Pedro for sev
eral days, sailing for Ventura on
the 6th day of the month.
The police believe that the boat Pew
less Is registered under some otlie
name. The detectives believe that tln>
letters spelling tho word Peerless were
freshly glued on the bows of the boat
while the vessel was taking on the
cargo of explosive and later when th«
(Continued <m Fa«« Faux)
