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Wednesday, December 18, 1907
DAILY ARIZONA SILVER BELT
TnE GATTI MEAT COMPANY
THE QATTI MEAT COMPANY
THE ONLY REAL INDEPENDENT MEAT MARKET IN GLOBE
e Extendi Credit to All Worthy Persons Just as We Have
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THE QATTI MEAT COMPANY THE QATTI MEAT COMPANY ., '
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in the Past Regardless of the Stringency of the Money Market
We are serving our patrons with thai same good care that has always characterized this market. We
are serving the best people in Globe and for that reason we want your patronage. Call us up any
day by phone and let our order man call and take your orders. No extra charge for this and
you have the advantage' of our prompt delivery service. If you are not satisfied with our
treatment cast us off at any time; there'll be no hard feeling.
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For the Holiday Trade
We will have a car load of turkeys, ducks, geese
and chickens, hand-fattened especially for us by one
of the most substantial farmers in the Gila valley.
Better place your order early. You'll get the best
fowl you ever got in your life and save money.
!!! ! BIBim HWI1 MIIWIMMIHW
The Main Points About
We don't handle any second-hind meats.
We don't belong to a trust of aay kind. '
Our cattle are all fed "and fattened by is.
We own and slaughter our own cattle
Our prices are the same now as when we started nodeviatiin.
Our market Is wide openno hard and fast rules.
Hams and Bacon
Bulk or Cases
All Pork Products
Pure Leaf Lard
YOUR CREDIT IS GOOD
We Will Share Our Meats
With You Just as
Long as Globe
Is a Camp
E GATTI MEAT COMPANY
Watch For the Opening An
nouncement of Our Uptown Store
Cuts of Mc&t
r w .. t
Cttters Work on
THE GATTI MEAT COMPANY
THE QATTI MEAT COMPANY
EVERYTHING FOR THE HOLIDAYS I
THE OATTI MEAT COMPANY
THE GATTI MEAT COMPANY
DENSE OF NEW YORK BANKERS
ffl WITH HOLDING BACK COIN
Tho following is the copy of a let
ter received this week by tho Old Do
minion Commercial company form 7. F.
Crane, comptroller of tho Phclpa Dodgo
company in defense of the Now York
banks which have been accused by west
ern bankers of withholding money from
tho west: ,
Old Dominion Commercial Co.,
Eecontly there was received in this
office a letter from ono of our western
bankers, bearing upon tho present finan
cial situation, and among other things
this statement is mado: "The west is
in splendid condition, and as far as
we aro concerned there was no necessity
for tho change or tho tie-up," (refer
ring to currency shipments for payroll
As bearing upon the situation from
the point of view of our correspondent
j'lci note tho following:
"Wo bclicvo out hero that tho wholo
flurry was brought about by tho action
of tho Napoleons of Finance and Pyra
mid Builders of New York City which
tho associated bankers and clearing
house association failed to sco or un
derstand, and, therefore, permitted tho
situation to get away from them.
"New York will havo to work a long
time before sho can fully regain tho
onfidenco of the west. At any rate
we expect to do a little moro indepen
dent banking in tho future."
Feeling what wo have said in reply
o the abovo mentioned letter will be
of interest to all our friends in tho
west, we beg leave to quote tho sub
stanco of it, and at tho same timo hand
you also a copy of a memorandum
bearing upon tho National Banking po
sition, which reflects conditions at tho
close of tho week ending December Oth.
"Referring to tho opinion expressed
that 'tho wholo flurry was brought by
tho action of tho Napoleons of Financo
and Pyramid Builders of Now York
City,' it is evident that no account is
taken of tho practical annihilation of
corporato credit, resulting from tho of
ficial, judicial and legislative attacks
upon capital, these attacks apparently
having had tho approval of all unthink
ing, and some thinking people.
"Replying to tho statement that
New York will havo to work a long
while beforo sho can fully regain tho
confidenco of tho west,' wo vonturo to
say that tho west will havo to work a
long whilo to induqo Now York capi
talist to mako further investments in
railroad and other enterprises, unless
sho shall permit such investments to bo
mado with a promise of profit, and with
ou dnngor of confiscation.
"So far ns 'Independent Banking' is
concerned, it has frequently bcon
claimed throughout tho west during tho
last two years that bankors ,nnd bus
iness men in that part of thojouhtry
hnd no relations whatever with Wall
street, and were not affected by banking
conditions in New York, yet immediate
ly after tho issuance of clearing house
certificates hero tho governors of sever
al Western states proclaimed a holiday.
This simply indicates that there is no
absolute independence, but that there is
absolute interdepondonco among bank
ers throughout tho country, this being
based upon faith in each other.
"Tho samo causes that opcrato to
produce prosperity or adversity in Now
York aro operativo tho country over,
and wo all lio in tho samo bed. It is
easy to criticise, but if the history of
what Nov York banks havo dono dur
ing tho last six weeks to save financial
institutions, merchants and manufac
turers from tho Atlantic to tho Pacific
were written, it would bo demonstrated
that those banks had been principally
engaged, not in saving themselves, but
in saving the wholo country. Wo think
that tho couiagc, patriotism and pub
lic spirit shown by tho leading banks
and bankers of New York during this
crisis can hardly bo overestimated."
Yours very truly,
W. F. CRANE, Comptroicr.
The National Banking Position
Tho Comptroller's call for a state
ment of tho condition of National banks
on Tuesday rovcals tho New York City
banks as a wholo in tho position already
known to tho world. Tho weekly state
ment had already shown reserves of 20
oer cent., corresponding to a deficit of
$53,000,000. This condition contrasts
strikingly with tho telegrams giving
tho conditions in tho interior. Nothing
is known yet hero regarding individual
banks, but npaprently most money cen
tres except Now York aro suffering
from an embarrnsmont of cash. Chi
cago is tho richest of all. According to
tho dispatches: "Cash in tho vaults
of Chicago banks nproximates .fHOO,
000,000. Never in tho history of Chi
cago banks has tho amount of actual
money in hand been so largo ns it is
at presont. "
St. Louis has less to boast of. All
that St. Louis allows us to hope for
is that after tho report "tho oxcoss ro
scrvo will bo released for circulation."
San Francisco banks "sinco tho strin
gency havo been building up their re
servo," and if tho panic lasted long
enough they would havo bcon stronger
yet, and their customers impoverished.
Tacoma roports that its gold reserve
has increased 30 per cent sinco tho last
statement. Tho Now Orleans clearing
houso vouches for reserves of 35 per
cent., which makes ono marvel at tho
nervo with which tho Treasury was
asked to assist in financing tho cotton
corner. Tho Salt Lake City Clearing
Houso statos' that Its mombors 'hold
from 35 to 53 per cent reserves. Thero
aro 'worso, statements from somo scat
tered points, but none aro as denuded
of cash as Now York banks.
Upon which wo remark that tho in-
i tcrior banks have nothing but their
I money to boast of, whilo New York has
, had the courage nnd intelligence to set
an example of how a crisis should bo
met. Not a dollar of the treasury's do""-
posits has bcon kept here, nor any of
the gold imported with tho treasury's
help. After a month of panic strain
New York has continued to'assist others
who would do nothing to help Now
York. For example, hero is a single
item published on the samo day with
tho controller's call:
Heavy withdrawals of cash wcro
made through tho sub-treasury, as fol
lows: To Chicago, $1,972,000; St. Louis,
$200,00; Philadelphia, $1SG,000; San
Francisco, $125,580; Denver, $100,000;
Cincinnati, $25,000, and New Orleans,
$0,000, a total of $2,014,530.
Yet tho facts being as set down, tho
interior cities havo unblushingly assert,
cd that New York was starving them,
nnd complained to tho secretary of the
Treasury against further assistance to
the New York "speculators." Where,
we ask, would tho country havo been
except for tho policy which has revealed
tho deficiency of Now Yorks banking
reserves? And what a light the con
trast throws upon tho proposals in con
gress for locating tho central bank, or
national clearing house, or whatovcr
form of banking dovico is adopted, in
somo of these ccntors which havo thus
revealed their inadequacy to their local
affairs, to say nothing of qualification
for nationnl leadership. New York is
short of rcsorves, but it is long of con
fidence and credits, and when tho in
terior has settled its obligations to New
York the banking conditions revealed
in tho statements now made will bo reversed.
BAD NAVAJOS 10
BE BROUGHT 10
INDIANS WHO STAETED ON WAE-
PATH IN SOUTHERN UTAH TO
Confinement at Cochiso County Post
Will Havo Good Effect on Bad Red
men According' to tho Army Ofllc6rs
in Charge of Them,
tho fort, far removed from tho reser
vation, will havo tho effect of making
the band good Indians.
In the party are: By-a-HMc, the
Navajo medicine man; Polly, lieuten
ant in wickedness, and seven faith
ful followers of tho duo of of bad men,
who led the uprising nt tho Ship Rock,
N. II., Indian agency during the mid
dle of October. The Indians were cap
tured only after a pitched battle. Or
dors hnd been given to a squadron of
the Fifth cavalry to outfit at Fort Win
gate, N. M., for tho inarch to the scene
of tho uprising.
The soldiers arrived at Fort Wingato
October 19, and on the morning of Oc
tober 22 tho detachment left thepost
and marching duo north, reached Ship
Rock Agency on Oetobor 2G, 125 miles
north from Fort Wingato. Until nftcr
a confcrcnco botweon Superintendent
Sholton and Captain Willar,d, tho sol
diors did not know tho object of their
As a result of tho confcrcnco, the
troops mnrched lato that night, and at
daybreak surrounded tho hogan occu
pied by By-a lil-lo and Polly, who wcro
working over n sick boy. They ap
proached tho houso and commanded tho
occupants to surrender. Although un
nrmed, tho two lcadors put up a valiant
fight, but were quickly subdued.
Tho noiso caused by tho attack on tho
medicino hogan nrouscd tho other In
dians, and in a few minutes they had
intrenched themselves and were firing
upon tho soldiers. Tho fight which fol
lowed lasted thirty minutes before the
Indians broko and fled.
Thrco Indians wcro killed outright
nnd over a dozen wounded, none ser
iously. Many prisoners wcro taken.
Tho prisoners wcro taken to Chip Rock
agency, where a powwow was held be
tween tho Indians living in that vicin
ity. Tho powwow 'continued four days
and during tho almost daily conference,
the good Indians urged Superintendent
Shclton and Captain Willard to kill
tho leaders, claiming they wero both
Aftor tho capture, By-a-lil-lo and
Polly offored no resistance and havo
mado no trouble, the.ir assistance hav
ing saved the soldiers from Josing the
trail on (ho return to Fort Wingato.
Tho nine Indians havo bcon employed
in keeping Fort Wingato clean during
their confinement thero.
office addressed to Guard Rogers will
reach him in de time. Tho date given
nhnvp T)flnnttilinr 9fl will Iia fln ntilv
, . , ..... v . v
1 day given by the Guard to mark Christ
mas trees, so they must bo procured on
that dato or not at all.
Acting Forest Supervisor.
Jolly Delia Pringlc, in her star part
at DREAMLAND tonight. You can't
afford to misj seeing her.
393, NORTH BROAD ST.
Twenty to fifty per cent off on
Ladies' Skirts at Sultans'.
For Sale, For Ront and Furnished
Room cards for salo at tho Silver Belt
office. 10c each, 3 for 25c.
Buy your Rain Coats at Sultans '
twenty per cent off.
Storago room pbone 601.
Satisfaction our motto. Wo havo tho
best equipped paint store in tho city.
Van Wagenen, next door to the post
office. Givo us a call.
We frame pictures. Naqnia to Co.
and Heating Co.
P. L. BUTZ, H. W. TITUS,
0pp. Kinney House, Mesqoile st.
Sewing machines for rent at J. P.
McNeil's Furnituro store, opposito the
Miner's union hall, Globe, Arie.
HOW TO PROCURE CHRISTMAS
Escorted by a squad of cavalrymon,
a bad band of Navajos who a short
timo ago showed symptoms of going
on tho warpath, aro headed in this di
rection, and when they reach thoir des
tination at Fort Huachua they will re
main for some timo at tho army post
where they will bo harmless. Tho gov
ernment beliovcs that ".'confinement at
Thoso desiring Christmas trees from
Pinal Mountains National Forest can
'procuro samo by making tho necessary
' arrangements with Guard Benjamin L.
Rogers, oithor by mail or personally, to
meet him on Pinal Mountains on Mon
day, December 23, 1907.
UNDER NO CIRCUMSTANCES
WILL TREES BE ALLOWED TO BE
CUT WITHOUT FIRST HAVING
BEEN STAMPED WITH THE "U. S."
Thero aro plenty of trees on Pinal
Mountains and thoy nrc frco to tho pco
plo for'the asking, but thoy MUST BE
PROCURED IN ACCORDANCE WITH
THE FOREST. REGULATION.
A lottor dropped into tho Globe post-
i II I o
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