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GLOBE, GILA COUNTY, ARIZONA, SUNDAY, NOVEMBER 24, 1907
time II. No, 39.
PRICE FIVE CENTS
I1UL OF DUEL
LOS ANGELES iS
10 A SiOTIN
GALIFORM IN A
Iff BE PASSED
BVV ' "'iv.,ll1lwWjW'
pleach Not Guilty to Murder
X" nis miomeys ask iui a
C, tmuance of Two Weeks,
TRAL JURY CALLED FOR
;uC T,als for Murder Set for
Tuesday and Daniel Case Is
Se for Friday Names of
T se Called for Trial Jury,
j;t r H Daniel, indicted for tlio
. :. .st Juno of Jaiuos W. Brown,
I cot guilty to the chnrgo yestor
T - ruoon boforo Judgo Nnvo in
; i:isrrt court, antl it is probablo
, ci will not bo tried during tho
,D crm of court.
fft- tne court asked if tho territory
i nTinml ti?W1i flirt trinl
f -i tw-'IJ IV jp.vvw.t " "w .....,
tn utoruey Henry stated that tho
, 1 JT JII WUUIU UU H'ilUJ Mt l"U wiil-
:.jd of other criminal trials which
jw i n set tor cany tms weoK.
iiiDT' . Jacobs stated that tuo uo--o
nas not prepared for tho trial
j tsk I that two wooks bo granted
niJ'se to proparo their oase. ilo
;- . rauso tho faet that the prin-
:i r- cesses for Daniel wero out of
and that at least two weeks
U ) t- required to secure thom. Ho
If: J that four witnesses "who wore
jr. ta the dofonse had boon Io-
- i respectively in Kansas City, ilo.,
ican California and at Tempo,
j -i V mines wore givon, but tho
- rv stated that the witness now
i Hrtgan was attending a mining
:r- Attorney Honry ob joe ted to
;t gr-at delay in getting to trial, and
.p Nave mado a formal sotting 01
tr at for next Friday. Ho stated
2 if tr-o defense woro not prepared
i Cat timo and made tho necossary
t -" ta that effect, ho would oithor
I ti-1 continuance requested, of two
Is or continue the caso lor tno
Daniel In Custody.
C: -i s now in custody, but it is
-s- I that if a continuance is
: ) tn attorneys, F. C. Jaeobs and
i Raker, will make annueation tor
j f on bail.
t :g Joe Cline, charged with stoal
j a t res and indicted by the grand
- r: entered a ploa of not guilty
) 1 1 tnil set for noxt Friday.
Ti-' grand jury returned but ono in-
- c csterday. It was again-jt
.n s Buckner for assault with i.n-
rjrder. It is tho second one
-:s Ia-kner, an error having boon
-!-, , ln tho first one. Buc'itnor
r .l tomorrow morning at V.M
Tt- fallowing casos wero dismissed
- grind jury:
O ' Lewis, grand larceny.
' 'la'ia Garcia, robbery.
T ic-aldson, assault with, a dead
wafjo tif f rd aggravated assault.
Ti v) business yostorday was light.
"', 'a- of George Shuto against J. S.
'i tva- decided in favor of tho plain.
is 't f-aso of Fannio Matthews ct al.
1 J -t Suter, administrator, jndg
: R(. rendered tro plaintiff in the
-3 of $2j0.o0 and costs.
Trial Jury Metts Tomorrow
T ' ai jury has beer called for to-
" ' v) tho following c'npriso tho
'" o ramen drawn: Arthur XS. Ken-
Jt, o JlcCunc, Ed Banagan, AV.
" Pelix Lamm, Frank Alley, A.
'- ' - II E. Fisher, ANV D. Fisher,
'- -n " ruinm. A. .T. Bailcv. Jr. L.
-i i- L. Gates. 'W. A. Crawford,
V W M,rekley, Jolin Callan, William
I " r Lczcvr Jr., w. C'antloy, xi.
V Bipr r .T T Vfirnnlinr Jnptli C.
. j... ........... ,---
ao T W. Gardner, George Foster,
, isro iaros, Charles E. Beck, E. II.
' F. B. Burnett, V. G. Dun--a
s. fl Flora. C. E. Carter, E. II.
I ; T, p0 (-randall, J. W. Medlcr,
':"" tayton, Charles B. Canby, w.
v Hrorco James.
uinal cases trials of which
rr tomorrow arc:
vs. Jack Buffchr and Nellie
vs. Otto Walters, assault
f cases are:
vs. Alcna Jasper, murder.
vs. Wcsloy Burgess, murder,
vs. Dan Cullen, indicted as
will bo at recess Thursday,
JEMa CANDIDATE FOR
DEV CRATIC CONVENTION
LICK, Ind., November 23.
mal democratic committco
"I committees from various
to securo tho 3908 conven-
fiblc. Denver is after tho
Host of tho committeemen
to fnvor Chicago. Bryan's
s being discuscd informally
(nmittcemen and also a pro-
fako Tom Johnson of Ohio
1 ai chairman.
Alfred Bentamin Clotliinz sold at
ua" A lnrrrr. afnflr f Vinwa' ntltl
;feaa clothing now sold at cost at
Carnival of Crime of the Last
Three Weeks Culminates in
Shooting Last Evening,
THREE PLACES HELD UP
BY SAME HIGHWAYMAN
Detectives Battle with Mexican
Bandit, Who Is Fatally In
jured Late Last Night in the
Business Center of the City,
LOS ANGELES, Cal., November 23.
Tho carnival of crime that has ex
tended ovor a period of three weeks
culminated tonight in thrco dnring rob
borios within a period of three hours
and a shopting affray in which a sus
pected highwayman was fatally wound
ed by a detective nftor an exciting
exohango of shots almost in tho contor
of tho oity.
Wearing a whito handkerchief bo it
could bo slipped ovor his face, a man
armed with a rovolvor entered tho ofllco
of tho Bcclo Vernon dairy at 8 o'clock
this ovoning. Tho cashior, who hnd just
locked sovoral hundred dollars in tho
safe, showed tho empty cash drawers
and pretended to bo unnblo to reopen
tho safe. A teamster who entered tho
oflico was compelled to hold up his hands
whilo tho man mado his escape.
An hour lntor tho samo man entered
a drug store at Sixteenth and Main
streets, terrifying the women patrons
and rifling tho cash register. Before
thon a highwayman icho answered tho
same description hnd held up a butcher
shop at Thirtj eighth strcot and West
ley, securing $58.
Bandit 3til at Large
By this timo tho entire southern sec
tion of tho ci'iy was patrolled by men
sonrching for tho robber, bu up to a
Into hour he was not captured.
Shortly ljofore 11 o'clock at Second
and Comir.orcial, Detectives Hosick and
Zeiglor srvw a Mexican firo a shot at two
mon within n fow feet of .where thoy
woro standing in the shadow. Hosick
startci for the Mexican, displaying his
star, "but tho man fired at the officer.
Hos'ek returned the firo shooting his
assailant in tho stomach. Tho Mexican
niide another attempt to shoot whilo
ho lay on tho ground and tho detective
ared anothor shot, tho bullet again on
, torirnr tho man's stomach. At the
recoiving hospital he was identified as
Dpgridio Delgado. Tho surgeons stat
ed that he will die. Ho is believed to
have boon attempting n holdup when
tho officers intervened.
MORE GOLD COMING
SOUTHAMPTON, England, Novom
bor 23. The steamer St. Louis, which
sailed thbi afternoon for New York,
carried $G52,000 in gold.
NOW IN INDS
OF TWELVE PEERS
Instiuctions to the Jury Are in
Favor of the State The
Lighis Went Out
KATHDRUM, Idaho, November
23. Judgo Woods finished his in- 'f
structions to tho jury in tho caso i'f
of Steve Adams, on trial for tho -.'(
murder of Fred Tyler, at 8:30 X
i'f tonight. They aro in favor of tho "-
state in that it is stated, should
it bo shown that special induce-
ments had been offered Adams by -,'f
i'? Dotcctivo McParland of tho Pin- i't
& kertons, they must bo disregarded
and a verdict of guilty found. But
not unless somo worldly promise
had been given Adams should the w
jury regard tho plea of tho do- -.'?
fenso that Adams has been influ- -.'f
Tho judgo instructed the jury
that if tho confession as to tho "
"s killing of Tyler had been mado as -.!
ft incidental to tho Stcuncnborg coli
cs fession, tho vedict should bo ac- (
cordingly found for conviction.
Tho defenso urged a "rcasonablo -,'f
doubt" construction in tho instruc- i'f
$'? tions. w
s"! Twico tho electric lights wont '.'
out whilo 'tho judgo was reading -.'?
tho instructions and candles woro "
employed. The main arguments of ft
"s tho day wero mado by Clarcneo -,'f
i'f Darrow for tho defenso and James
"s II. Hawloy for tho stato.
-..- -ic '. -.r -- ?.-
FRENCH ARMY BALLOON
MAKES NEW RECORD
VERDUN, France, November 23.
Tho dirigiblo army balloon La Patria
broke another record today. Tho bal
loon traveled a distanco of 275 kilom
eters under ndverso weather conditions
in fog and rain with an avcrago speed
of forty kilometers an hour.
Hi .11 I" I II I I I I
Secretary Taft: "We .serve this
DEFEATED Bl THE
BLUE OF OLD ELI
Yale Outplays Oldest Rivals on '
the Gridiron by a Score of
Twelve to Nothing.
CARLISLE INDIANS ARE
EASY WINNERS AT CHICAGO
Defeat Rockefeller University
Team 18 to 4 Wisconsin
and Minnesota Play a Tie
Game at .Madison, Wis.
CAMBRIDGE, Mass., November 23. j
Yale superbly maintained its football
supremacy by beating Harvard its old- ti to tho Inin5nB cInim holders of
est rival, by tho score of 32 to 0. 7. , ..... . .
Without resorting except on ono occa1'0 cou"tl?' nuthor,ty for a suspension
sion to the so-called new plays,' Yalo'r
scored a touchdown in each half on nl
most continuous plunges through the
line. Either content with a safe lead
or wearied by tho effort in defeating
Princeton a week ago, Yale today mado
no effort to roll aip a high score, and yet
whon, oven at the last minuto of the
game the crimson players, by a fortun
ato on-sido kick, carried the ball within
striking distance of the Yale goal, the
sturdy lino of Eli becamo adamant and
Harvard was prevented from serine,
It is years sinco such a magnificent de
fense has been seen on Soidirfrs' field.
Nearly forty thound persons Haw
Harvard struggle ''A vain against the
superior prowcs3 r'f Yalp.
Indian. Scalp Chicago
CHICAGO, November 23. Tho Car
lisle school fvotball team defeated tho
Univorsity of Chicago oleven today in a
fast and desperately fought gamo by
tho score of 18 to 4 Three field goals
from pla onient and a touchdown ac
counted for tho Indians' points. Chi
cago's scoro was mado by Walter Stef
fen, tho quartorback, who scored a drop
kick from tho thirty-yard line. In al
mot every department of tho game,
especially in lino play, tho Indinns had
the better of their rivnls.
Chicago was expected to give the
eastern players tho hardest kind of n
battle, but theso hopes were vain. The
speedy attack which swept aside the
other western teams, was slowed up by
the fierce play of the Indian guards and
tackles and tho Chicago ends were out
sprinted and often completely boxed
in tho back field with no chance to got
started on tho long runs for which the
players aro noted.
At Mndi3on Wisconsin, 37; Minne
At Annapolis Navy, 12; "Virginia
At West Point Army, 23; Syracuse,
At Des moincs, Iowa. Ames, 20;
At Ithaca. Pennsylvania Freshmen,
20; Cornell Freshmen, 0.
At South Bothlohem, Pa. LafayottCj
22; Lehigh, 5,
Dalph Baatz & Co. Ladies' ready to
jWcar garments and furnishings; page 2.
Mrs. Foit. Special sale ladies' hats
nt $j; page 5.
5 J. P. McNeil. Big Thanksgiving
weok sale of furniture, with two spe
cial bargain offerings for Monday and
Tuesday; pago 2.
Homo Investment Co. Snaps in real
estate; pago 0.
Whito House. A bunch of bargains
for housekeepers; pago (J.
Naquin. A half pago of tempting
offerings in furniture; pago 5.
Nick Milick. Offering employment to
various tradesmen; pago 2, want d'opt.
Palaco Pharmacy. "A Message from
Santa ClausjV page 0. " .
beveraga In small doses so that you
TO A K CONGRESS
Globe Chamber of Commerce
Takes the Initiative in Mat-
ter of Importance,
HELP OF GOVERNOR
Desired- Action by Congress
Will Help Only the Small
Qlaim Owners this Year
The Resolution Adopted.
IfGlobo influenqo prevails, congress,
nt its cominc session, wil nass an act
of assessment work for the years 1907
At a special meeting of tho chamber
of commerce, in the district courtroom
last night called for the purpose of con
sidering the matter of petitioning con
gress to grant this authority, ;i resolu
tion of this character was adopted.
The meeting was presided over by
Attorney Hill, and T. P. Howard offi
ciated as temporary secretary. Thcro
was a largo number of clnim holders
present who wero not members of the
chamber, who had responded to a spe
cial invitation to attend.
Tho t,hair on motion appointed a com
mittee if three, consisting of Messrs.
6. J. Storfcman, D. D. Sullivan and
John Wtg, to draft a resolution, ex
pressing iho senso of tho chamber of
commcrco ajid the claim owners of tho
Olobo district". The committee reported
the following resolution, which was
"Bo it resolved by.tho Globe chamber
of comniorce that owing to tho depleted
finances of tho country the governor of
tho territory of Arizona take Mich ac
tion as will facilitato the Bpecdy pass
ago of an act of congress which will
relievo from forfeiture tho mining
claims upon which work shall not bo
done during the years 3907 and 390S."
Tho secretary was instructed to mnil
a copy of tho resolution to Governor
Kibboy nnd also to other commercial
or mining organizations in tho south
west. Tho notion of the Globo chamber of
commerce was not tho result of any
condition that docs not exist throughout
tho entiro country nnd does not indi
cate that conditions in tho Globo dis
trict aro worso than olsowherc. It wns
first suggested by Governor Kibbcy
during his recent visit hero and al
though somo wero opposed to it, it was
generally conceded that the benefits to
bo derived from tho desired action by
congress would bo far greater than any
hardships it would work.
All of the largo mining companies in
this district havo completed their assess
ment work for tho year and those who
will be benefited this year will bo tho
claim owners who aro financially unnblo
to do tho necessary amount qf work.
If tho matter is prcsonted properly
to congress, and Governor Kibboy will
sec to that, it is very probable that
tho exemption wil lbo granted, as it
was in 3893-3894, when tho west, so far
as ready money was concerned, was bet
ter off than just at the prcsont time.
INDIAN BRAVE GOES
TO MEET HIS "DARLING"
PORTLAND, Ore., November 23. A
special from Dallas, Ore., says:
Enoch Andrews, an Indian bravo in
jail, charged with tho murder of his
squaw, was found hanging in the cor
ridor of tho jnil early today with life
oxtinct. Ho loft a note to thp effect
that ho did not confess his guilt of tho
crime, saying that ho was willing to
meet his "darling."
Judgo A. C. Baker, who is associated
in tho dofenso of Robert H. Dnniol,
leaves for Phoenix this morning to
soend a few days. Ho will return here
may not become Intpxicated."
Morris in Spokesman-Rovlev.
BANKS UNITE IN
Visit of Morgan to Washington
Results in Better Conditions
in New York City.
TO BANKS SEPARATELY
Stock Market Feels New Influ
enceNew York Congress
man Pessimistic as to Fu
ture of Currency Situation.
WASHINGTON, D.-C, November 23.
J. Picrpont Morgan had a short con
ference with Secretary Cortelyou late
this afternoon and at the conclusion
loft for Now York. Nothing was dis
closed in regard to the object of the
conference, which did not last more
than fifteen minutes. Morgan M'eincd
to bo in the best of spirits. Ho re
mained at his room in the hotel most of
tho morning and received only a few
callers. Postmaster Gonoral Meyer
called late in the forenoon with an auto
mobilo and Morgan left the hotel for
a ride with him. His assistant, Baker
of the First Nationnl bank, was at the
treasury department this morning nnd
had a conference with Cortelyou. A
feeling of confidence in the success of
tho new loan seemed to prevail in tho
treasury department today, and it was
apparently strengthened by assurances
given Uy .Morgan or an improvement in
tho situation in Now York.
Tho strong rnlly in tho stock market
and tho loss of less than a half million
in the required resorvo in New York
banks strengthened .the feeling that
confidence is returning and that it
would bo reflected in tho offers for the
new securities received during tho week.
Tho visit of Morgan was generally
accepted among bankers hero to mean
that the loading bankers of New York
intend to co-operate with tho treasury
department in making a success of tho
now loans. Morgnn's views and advo
cations commanded much attention be
cause of his detachment in a largo
measure from tho recent speculative
banking enterprises in New York and
the breadth of view which his friends
declare he has always brought to condi
tions like tho present.
Morgan has long favored somo modi
fications of the oxisting currency sys
tem, but has not undertaken to prepare
any detailed plan of his own. Ho found
Cortelyou in nccord with him that sev
eral steps should bo taken to givo
greater elasticity to the circulation to
rcstoro confidence, but did not insist
strongly upon any ono of tho several
measures under discussion.
Tho assurnnccs brought by Morgan
in regard to tho improvement in condi
tions in New York, with subscriptions
which aro still calling for new loans,
oncourago tho belief here that a corner
has been turned in the monetary situa
tion and that banks- throughout the
country would soon agrco to resumo cur
rency payments without restrictions.
Tho' enormous amounts of gold which
havo arrived or boon engaged aro felt
to bo oithor moro than sufficient to re
store New York bank reserves t6 a
jdaco of safety and it is believed that
after tho opening of bids for tho Pan
ama bonds tho situation will bo such
that further gold imports will not be
Tho now treasury certificates ot in
debtedness havo already mado their 'ap
pcaranco in tho treasury as security
and circulation, and additional nationnl
bank notes to tho amount of $200,000,
based on tho now ceitificatcs, wero
shipped to Now York this week. Other
largo shipments aro in sight for early
tho coming weok. Among other engage
ments is ono of $12,300,000, which will
bo mado by Vice President Wcxler of
the Whitney Central bank of Now Or
leans, ncting for several other Now Or
It is understood that Cortelyou is
making tho allotments of tho new cer
tificates to individual nntional banks of
Now Yorjc, which fact is assumed to
(Continued on Pago Six)
Conditions Better than They
Have Been Since the Copper
Slump Began to Be Felt.
ARE OF GREAT INTEREST
Ore Expected in Few Days on
Sixteenth Level of Old Do
minionWork Starts on the
New Black Hawk Shaft.
Operations in tho Globo district dur
ing tho past week have shown consider
able improvement and indications point
to a continuance, although conditions
as they were before the slump in cop
per will not be restored until at least
tho beginning of the new year. The
attention of the district is mainly cen
tered in ho outcome of development
work on the sixteenth level of the Old
Dominion mino and it is believed that
the big sulphide oro body will be en
countered in the next few days. Con
siderable interest is also being mani
fested in the efforts of the Globe Con
soldatcd to secure an extension for
its final payments, which are due next
year and amount to almost a half mil
lion dollars. If the extension is granted
by all of the claim owners it will mean
that the company can proceed with the
big campaign of development which has
been mapped out by tho management.
Tho extension, it has been learned, is
During the week contracts wero let
by the Old Dominion company for drifts
on the twelfth and thirteenth levels and
for an upraise from the fourteenth to
tho thirteenth level. The drifts aro for
connection with B shaft. A number of
men were added to the forco by the
Following instructions from Presi
dent Ainster of Boston, Superintendent
Snoll of the Arizona Commercial has
let a contract for the sinking of tho
new three-compartment shaft at the
Black Hawk mine It was decided
some time ago to .gjnk the shaft and the
work had been bogun "when wonl was
recoived to suspend operations. Work
will be rushed on the new shaft which is
being sunk on the Euroka claim adjoin
ing the Blnck Hawk.
The umal activity is also reported
from the Superior L Boston, National
Mining Exploration and other com
panies operating in the district, as well
as from upper and lower Pinto Creek.
National or local financial conditions
have so far not affected any of the
Globo district companies and several of
the companies, among them the Na
tional Mining Exploration, announce
that they will have currency and coin
with which to pay their employees next
ATTORNEY HAS NOT
BEEN IN TRIS CITY
W. P. Richardson, Strangely
Absent from Home, Not in
Globe, as Wife Says
William P. Richardson, a Phoe- :
w nix attorney who is well known in :
'? Globe, has been missing for almost :
whvo weeks and a number of sen-. ;
ft sational stories concerning his :
& probable whereabouts have been :
w published in tho Phoenix papers. :
w It was said that ho had gone to :
w Globo on legal business and Thurs- ;
w day his wife, a former resident of
-;; Globe, stated to the newspapers :
that Mr. Richardson was in Globe,
:);- that sho had just received a tele- ;
i'f gram from him stating that ho :
w would be homo in two days.
if Now, Mr. Richnrdson has not
s" been in Globe. He is well known
-.'? here nnd had ho como hero, ho
- would havo had considerable diffi
w culty in concealing his presence.
i,'f He wns in Globo nbout four
w months ago and has not been hero w
w since that time. Recently he has $'?
" been conducting an automobile w
,'f business in Phoenix, but it is un- 4-
dcrstood that ho sold it out shortly &
w boforo his disappearance.
Mrs. Richardson is a former 5"c
s" Globo girl, being a daughter of w
tho late R. H. Gill. Sho became i'f
tho wife of Dr. Hcincman, who
conducted a drug storo hero about '
i'f eighteen years ago, and was sub- i'f
sequently divorced from him. ft
ft ft ft ft ft ft ft ft ft ft ft ft ft ft ft ft ft
FRENCH TROOPS MAKE
ESCAPE FROM AMBUSH
ORAN, Algerin, November 23. Tho
French rceonnoitcring party which was
ambushed by the Arabs in a gorgo near
Port Said succeeded in cxtricnting itself
and putting tho Arabs to flight. Six
Frenchmen wero wounded.
Holds Two Special Sessions in
Five Days Adjourns Sin.e
Die Yesterday Afternoon.
Will Remodel Banking Laws
Governor Says It Will Res
tore Confidence and Do the
State a Great Deal of Good,
SACRAMENTO, Cal.. November 23.
The two extra sessions of the legisla
ture came to an end today, remarkable
for being tho shortest in tho history of
California. It convened in extraordin
ary session Tuesday morning and ad
jorned today, lasting five days. Tho
second session convened at 3 o'clock
today and lasted less than two hours,
adjourning sine die before 3 o'clock.
A ratification of the amendments of the
San Francisco charter was not included
in tho first call and was purely a for
mal matter, there being no opposition.
While being supplementary in charac
ter, tho second session was a distinct
and separate extra session which en
titled the members of the legislature to
their mileage and $8 per day. Tho
five day session cost the state $15,000.
The first three days the legislature
was hopelessly split on tho special holi
day problem and the question of how
to enact proper remedial legislation to .
rehabilitate the courts and Gtvernor
Gillett practically forced the judiciary
committees of the two houses Tto come
to an agreement.
The following resolution was adopted
by tho senate:
"Whereas, the members of the sen
ate havo had unusual and extraordinary
opportunities to obtain thoroughly reli
able and ample information as to the
financial disclosures that business insti
tutions arc sound and on a basis which
warrants the immediate return of con
fidence among tho people and the assur
ance of the resumption of great business
activity and prosperity;
"Resolved, That tho senate extend
congratulations to the people of Cali-t
fornia upon the general stability and
soundness of our financial institutions1
md upon the unmistakable evidence of
a speedy return of that sancness, com-
mon sense and confidence which is
characteristic of tho people of tho
The special legislative bank investi
gation commission called for in the
cpneurrent resolution was named to
day. President Porter of the. senate
appointed Senators Frank W. Leavitt
of Oakland, Edward I. Wolfe of San
Francisco and John B. Curtin of So
noma, naming Leavitt as chairman.
Speaker Beardslee of the assembly ap
pointed Philip Stanton of Los Angeles,
Charles M. Fisher of San Francisco and
Charles P. Cutten of Eureka, with Stan
fon ns chairman.
In an interview with the Associated
Press today Governor Gillett discussed
tho necessary investigation of banks,
twist companies and tho banking laws
of the state. He stated that the com
mission would not be,gin work until
lato next summer and declared that
he- would bo with tho commission and
take a personal interest in the investi
gation. "It is high time tho banks, trust
corporations and banking laws were
investigated," said the governor. "Hon
est bankers doing a legitimate and con-
servative banking business demand such
an investigation and thoy have noth
ing to fear. They desire that lax bank
ing methods bo stopped and more strin
gent laws governing banks bo passed.
Conservative and honest banks are at
a disadvantage against those whoso
methods are either lax or dishonest. If
ono of Iho latter gets into trouble or
fails it shakes confidence in all banks.
In this way ono bank whoso manner
of doing "business is no proper and
whoso condition is not what it ought
to bo can and does harm to many good
Won't Hurt Business
"Tho cry that it will hurt business,
that it wil disturb conditions, still fur
ther shako confidence and create un
easiness is not well founded. That cry
is always raicd when things arc not
what they should be.
"Our lianking laws do not even pro
vide a penalty for tho failure of banks
to livo up to them. Tho law says banks
in all cities of a population over 200,
000 shall have a reserve of not less
than 20 per cent of their deposits and in
cities smaller not less than 15 per cent.
If they do not do this no penalty is
provided. Conservative banks call for
a reserve of 35 per cent of their depos
its and I know of some bankers who
keep 40 per cent in reserve."
The governor said thero need be no
apprehension or uneasiness regarding
tho investigation of banking institu
tions and was emphatic that it would
lend nnd restore confidence rather than
excito more distrust. Ho believed that
tho commission would accomplish much
BANK EXAMINER COMING
National Bank Examiner Norvall is
oxpected to arrivo in the city this even
ing to take chargo of tho affairs of tho
First National bank. Mr. Norvall 's
headquarters arc at Colorado Springs,
Colo., and ho is tho "regular examine!
for the two territories.
i 9 yi