Newspaper Page Text
SIXTIETH YEAR. XO. 71.
SATURDAY, JANUARY 7, 1911. TWELVE PAGES.
PRICE. TWO CENTS.
1 907 PANIC
Carnegie Trust Company
of New York Closed
SHAW ONCE ITS HEAD
One of Eig Financial Institu
tions of Country a Victim
of High Finance.
' New York. Jan. 7.-The r.m.gl
Trust company was closed this .morn -
Ing by direction of the state superin -
tendent of banks. The capital is $1,-
600,000, and deposits $10,000,000. The
Institution was in serious trouble in
iuu ia.mc ui ijvi auu uas nKver iiuij i
recovered. Its late president, Dickin-
ton, died last year under peculiar cir
SHAW WAS PRESIDENT.
The Institution was organized in
3907, and after the retirement of Les
lie M. Shaw from the office of secre
tary of tht- treasury, be became its i
president. The name of Carnegie, as '
upplied to the institution, attracted to'
it a great deal of attention, but the '
adoption of this name was without
Carnegie's authority or approval. It'
id understood lie wa3 not a stockhold-!
t and not immediately identified with .
SHAW SOO OIT.
Shaw's connection with the bank:
sensed after a few months, because of
n difference with othr officers of the
Institution. It is understood a year
rgo the institution was in more or I. hk
Irouble growing o'lt of the fad on: of;
its chief officers, in connection with a;
wellkrown banker of Wall street, had I
effected a large loan from the Came-;
f.ie Trust company to enable him to'
buy out and consolidate with if an
other institution Hut this fall ns
through, left the Carnegie institution
with a large amount of funds locked
IT LAST STATEMENT.
The 'financial status of the Carnegie
Truai company, according to its
ttatement of Nov. 10, is:
Stocks and bonds investments.
Due from trust companies, banks
ped bankers, $1.517.30u.
Cash available. fl.n5S.ooo. !
Aggregate deposits. $S,895.700.
Company had capital of $1,500,000.)
with surplus and divided profits of!
LIST OF OFFIC F.R. ;
Officers of Carnegie Trust company j
President J. T. Howell. I
Vice Presidents Robert L. Smith
nd James It. Curran.
Roeretarv Robert E. More-head. I
Assistant treasurer W. L. Sampson.
Assistant secretary A. E. Chandler.
The list of directors includes many
prominent in financial circles.
BRorr.HT on ii v iiohix.
The viscissltudes of the Carnegie
Trust company caused numerous
changes in the directorate recently.
The name of Carnegie Trust com
pany was brought Into the Robin
Northern bank scandal by the re
port of the state superintendent of
Insurance policies in relation to af
fairs of the indemnity company in
which he accused Robin of kiting,
checks to conceal a loan made to
himself. There bad been a with
drawal of funds from the Carnegie
Trust almost since the time the
Robin scandal broke.
CITV MAY BE I.OEB.
t. , I
New York had one deposit with the!
Carnegie trust at the close of busi
ness yesterday. $6.0.000.
The stock market reflected the
failure with a slight dip In 'prices
which Just as smartly recovered
when It was seen the suspensions
would in nowise Involve the stability
of any other financial Institution.
SHAW IS M'RntlSF.II.
Philadelphia, Jan. 7. Leslie M.
Shaw, former president of the Car
negie Trust company, now a resident
of this city, was surprised to learn the
company's paper was all good when he
retired as president.
Jackson. Mich., Jan. 7. Eighteen
ounces of nitro-glycerin and caps,
fuses and drills were discovered to
dTy within the enclosure of the state
penitentiary and prison. Officials are
investigating with the idea that the
explosive was connected with a plot
to blow up the prison tnd effect a
Forecast Till 7 P. M. Sunday for
Rock Island, Davenport, Moline,
" Unsettled with rain or snow tonight
or Sunday, not much change in' tem
perature. The lowest temperature to
night will be slightly below the freez
Temperature at a. m. 32. Highest
yesterday 23. lowest last night 10.
Velocity of wind at 7 a. m., 3 miles
Relative humidity at 7 p. m. 82 at
7 a. m. ;&S.
J. M. SHERIER', Local Forecaster.
Trom noon today to noon tomorrow.
Sua seta 4:43, rise3 7:20; moon sets
12:11 a. m.: 1:12 a. m., eastern time,
moon at first jraaxter.
Work of Day in Congress
Washington. Jan. 7. Following are
the proceedings briefly told of the two
houses of concress yesterday.
m:ATK The senate was not in ses-
j HOI SE The house devoted all Its
'time to consideration of private claims
i bllls "d J?"ed until Saturday.
j nillinDCnC UIIMT
j nUilUnbUo liUil I
i-nr n awiarnn
j rUll AN AVIAIUK
Mtt'on Starts Fr-.un Los Angeles and
Is Lost in M-cintaiiis Imt
Los Angeles, Cal., Jan. 7. Didier
Masson, the French aviator, who
left here early today in a biplane to
carry newspapers to Pomona and
Kan Bernardino, 60 miles from Los
Angeles, is lost in the mountains.
He was last seen steering the ma
chine over Kan Jose hills, miles out
of his course. Hundreds of persons
in automobiles are searching for the
Later a -message from Rochester,
11' miles west of San Bernardino,
Mi: ted Masson landed there to re-Heni'-h
his oil supply and repair bis
GAS FRO Til BURNING
LEATHER KILLS TWO
Old Trunk Left Too Xmr Stove
C'auxes Funics Fatal to Children
at Buffalo, X. 1'.
Buffalo, N. Y., Jan. 7. Dense smoke
i f rora an old leather trunk placed too
(:l?p to a kitchen stove caused the
death late last night of two Buffalo
j children. Clarence and Norman Stras
' burg. Their mother, who was witii
it'u-m in the room adjoining the kitch
j en. w as overcome and may die. The
: children w ere dead when neighbors
broke into the house. The trunk was
' not on fire, but the smoke from the
' blackened leather had filled the whole
' bouse and smothered the occupants.
BLOWN OUT OF MINE;
MEN ESCAPE DEATH
Lexington. Ky., Jan. 7. Fifteen
miners were badly burned and 50
others narrowly escaped when an ex
plosion occurred at the Big Hill Coal
company mlue In Lee county. Men
were blown from rar down in tne
i shaft to clear above the surface, but
ias far as is learned, none was killed.
FROM THE SENATE
Springfield, 111., Jan. 7. Governor
Deneen this morning received a for-
imal letter of resignation from Sen
ator ' Holstlaw. Deneen stated he
would present Holsilaw's letter to the
j senate Tuesday.
NEW LIFE APOSTLE HELD
Evcl)Ti Arthur Sep and Two fiirl Ic
Urns I'nder Arrest at Chicago.
j Chicago. Jan. 7. Evelyn Arthur
i See, self-declared apostle of a new
'life, and two girl disciples, aged 19
j and 17. w ere arraigned -in the mu
j nlcipal court today on the charge of
disorderly conduct. The hearing
was postponed until Jan. 12. One of
the girls, according to See. was I
'destined to be the mother of the
first "nearly perfect" child, and
J other, it is said, was striving to at
tain that same 6tate of purity.
'find bombs in" ruins
London Police Convinced Outlaws
Killed Tuesday Were Anarchists.
London. Jan. 7. Five supposed
bombs were discovered in the debris
of thc house in Sidnev street where
the two outlaws were shot or burn-i
ed to death Tuesday. The find Is ac-
certed hy the police as strengthen -
ing the theory the men were an-
'DIETZ RELEASED ON BAIL
"Outlaw of Cameron flam
Stand Trial March A.
Hayward. Wis.. Jan. 7. Jobn F.
Dietx was released from Jail yesterday
following the approval of his bonds by
Judge Kiordan. Dieti on March 6 will
stand trisl for the murder of Oscar
Harp, a dep"tv, in the battle of Cam-
icroa Dam. '
Alfonso of Spain Barely
Misses Bomb - Intended
IT EXPLODED LATE
Authorities Deny Plot Saying
Someone Merely "Dropped
Pistol in a Box."
Malaga, Spain, Jan. 7. What is be
lieved by many to have been an at
tempt upon the life of King Alfonso
occurred during his visit here Thurs
day and threw his attendants into a
panic. The facts became generally
An Architectural Plan the Beef Trust
fill llr ) fi
President Taft insists that the
known for the first time today.
FOLLOW Kl IIV THRONG.
Upon the king's arrival he was ac
claimed by great throngs that joyous
ly followed his carriage to the palace
of the governor general.
As the door closed behind him an
explosion in the crowd outside drown
ed the cheers. Gendarmes closed in
about the spot. It was found two per
sons had been slightly injured, but no
other harm was done.
MERELY "PROPPEn PISTOL.
The official account of the incident
says it was unimiortant. A civilian
dropped a "pistol enclosed in a box."
No further details were made public.
"HELLO BILL," DEAD
Philadelphia, Jan. 7. William C.
Meyers, past grand exalted ruler of
the Order of Elks, and said to be the
original "Hello. Bill" of that organ
ization, died today. Meyers was for
23 years chief of engineers at' the
plant of the Evening Telegraph of
this city. He was widely known.
Accident in Copper Mine.
Huelva. Spain. Jan. 7. The roof
of a tunnel in the copper mine at
Rio Tilltn f 0 1 1 tnHav hlirrinir vnonw
- J J
I " J i a. ouuu unci Wilius live III?-
less bodies were recovered,
jured were taken out.
DEMOCRATIC CONGRESS WOULD
REMOVE OR REDUCE BEEF DUTY
j Correspondence of The Arg-us
j Washington. Jan., 5. One of thj
iCrst things the new democratic house j
! i ' ' I m consider will I
be the advisability
of placing beef on!
the free list. If
meat does not go !
on the free list tne!
tariff on this com'
mod it y will at least
be greatly reduced. ! endeavoring to break up the beef trust,
The following facts) but it has utterly failed.
make such action! 4. The trust Is paying the transpor -
imperative; Ration charges on American beef to
X. The packing industry, ia theLoad&n and thexe stllicg it lor two
Good Many of His Colleagues in
Senate Think He-Ought
to Do So.
AND FEELING IS GROWING
Xot L.ikely, However, That He Will.
Unless He Is Certain Tliat Re
quest Is Imminent.
Washington, Jan. 7. If Senator
Lorimer would take the trouble to
consult with his colleagues he would
find not a few of them who would
advise him to tender his resignation.
While there is a feeling that this
would be a happy solution of the sit
uation, it cannot be said that the
senators who think Mr. Lorimer
should resign have any expectation
that he will.
Surface indications point to the
strengthening of the opposition to hi
retention of a seat in the senate. One
of the strongest props in his behalf
was withdrawn yesterday by Senator
Bailey of Texas, a member of the
committee on privileges and elec
tions. It had been understood that
rich offender receive
Mr. Bailey would move to have the
case recommitted. hus preventing
an immediate vote on the evidence
as presented by the committee. He
declared yesterday that he would not
make and would not favor such a
motion unless he could be shown
that new and Important evidence
could be obtained by reopening the
MAJORITY AGAINST REPORT.
Notwithstanding Senator Bailey's
declaration certain southern demo
crats are predicting that the case
will be recommitted. Such action
would be construed as favorable to
Mr. Lorimer. While no poll has
been made of the senate so far as
known, the statement was made yes
terday, upon the reported authority
of a senator who is now identified
with the active opposition to Mr.
Lorimer, that a majority of the sen
ate is opposed to accepting the pro
Lorimer conclusion of the committee
on privileges and elections. If such
conditions really exist. Mr. Lorimer
may be persuaded to tender bis res-
BIG ENOUGH TO
HAVE A BALL TEAM
Washington. Jan. 7. The
returns show the population
catur. 111., is
35,749, an increase of I
United States Is controlled largely byfeents less a pound than in the United
a trust. States.
2. The firms In the trust , as well ! The beek trust does not reeu'ate
as such alleged independent concerns '., , ... . , , , . '
a. Schwartzchild & Sulzberger, have lts 8eUlDfr pric'8 by b,,y,Ds nr,ces' fre"
Ihec - n ma'. In nrnfit of from 2ii tr, is
per cent on their preferred stock for'the consumer wjiile paying less to the'
the last several years, while advancing ;
prices every so often by agreement.
3. The legal department of the re-
publican administration has pretended,
!I0r me last ten years mat it nas be?n
Captain Peary' Appears
Before House Subcommittee.
Macon of Arkansas Forces Ex
planation by Demand That
Cook Be Recognized.
Washington, Jan. 7 Captain Rob
ert E. Peary, the arctic explorer, told
today the story of his trip to the
frozen north, before the subcommit-
tee or the house committee on navai
affairs, the purpose being to furnish
Does Not Like
instead of a fine. Xews Item.
proof of his attainment of the pole
April 6, 1909, In connection with
pending legislation for national rec
ognition of his achievement. He
produced all his original memor
anda and answered numerous ques
tions. ( OOK HA A f IHMIMOX. j
Captain Peary was the subject of:
a lively meeting of the subcommittee;
The question of recognition of the
explorer by act of congress, particu-j
larly the bill introduced by Repre
sentative Hates of Pennsylvania to
retire him as a naval constructor
with the rank of rear admiral was
Mr. Hates moved to report his bill
favorably to the house. Mr. Ma
con of Arkansas immediately object
ed. He said If Peary were to be
recognized, then Dr. Frederick A.
Cook's claims to attainment of the
."Jt IK 71 ?. 77 If I II
pole also should be recognized, "for, Nashville, Jan. 7. Peace was de
the one had corroborated the other, j dared between the contending fac-
and the story told by the two was'tions of the lower house of the Ten
alike In Important particulars, es-'
pecially around the pole.'
WAXTEII PROOF. 1
Mr. Macon denounced what he re- j
garded as the failure of Peary to 'OIL
produce any proof of his discovery.!
The result was an invitation to
Peary to furnish his proofs. Peary
therefore appeared before the bouse
fluently ra:sing the price of lecf to
ioi,tk the law.
T,ie department of Justice ha3 long
taken The M.osaion that the beef trust
. ... . ... .
is in exisience in violation oi tne law,
(the trust or has been incompetent to
ldo " This faille to get relief for -e ;
' const mers wo;-ld .nd.cate the only wa j
tCotiimied en Pujs ...crco-j
ELKINS AT REST
Remains of Senator Buried in
West Virginia Town That
Bears His Name.
THRONG AT THE FUNERAL
Washington Official IJfe Well Uenrc
bcnted Ilurlal in Vmcterjr
Elkins. W. Va., Jan. 7. Senator El
kins today Is sleeping his last long
sleep in, the graveyard of this little
mountain owa. He was laid to rest
within a brief time after the arrival
of the train from Washington. Gov
ernor Glasscock, his cabinet, justices
of the supreme court and many other
state officials, besides the Washington
party attended the funeral. The town
was crowded and business suspend
ed. STAMl IV COM).
The ceremony was simple In the ex
treme aiid was conducted In the pres-
ence of throngs that
took up every
inch of space within the church edifice
and overflowed into the streets. Hun
dreds stood with bared heads In the
chill winter wind during the progress
of the service.
1M.KI1 T1!K CKMKTF.HV,
The body was laid to rest in Maple
wood cemetery which Senator Elkins
and former Senator Davis, 21 years
ago had planned and laid out. There
were brief rites at the grave in charge
of the local lodge of Masons.
r.i Ann against oiiofi.s.
Most elaborate precautions have
been taken to guard against the pos
sible operations of ghouls. The coffin
is bronze end the plates are ,3 inches
thic1;, and are enclosed 'in an outer
case of armor plate steel. This was
lowered Into the grave, which had been
lined with masonry and which will be
THOt SAXUS AT f;n F.
Several thousand persons stood un
covered near the open grave until the
impressive ceremony was ended. A
special train took .hundreds from the
town to the cemetery and the train
on which the Washington mourners
had come was llkewlso sidetracked
nearljy. Immediately after the inter
ment the congressional delegation and
oth?r distinguished members of the
party returned on it to the national
WIDOW IS IA..
Mrs. Elkins had not yet re
covered from the shock of the sena
tor's death and was unable to attend
BOTH YOUNG THUGS
ARE UNDER ARREST
Pair Who Held Up Iliilutli ,1 lot el and
Killed Policeman Caught in
Duluth, Minn., Jan. 7. William
Muzzard and Algot Johnson, who
yesterday shot Policeman Chesmore,
. 1 , at t ii i,
! are today lodged in Jail, awaiting
(preliminary hearing. I hey were
brought in at 2 o clock this morn
ing from a lumber camp, 2 2 miles
north of this city. Johnson expresses
regret over his part in the affair, but
Muzzard, who, it is said, did th
'shooting, maintains a sullen de
PRINCE OF MONACO
YIELDS TO PEOPLE
Monte f'arlo. Jan. 7. Prince AI -
. . .
I ieri oi .Monaco nai issuimi u proi i.i- i - -
I mation establishing a constitutional I 'antic ocean, breaking the world's altl
government for the principality Mon-i t'i'le record for low power machines
' aeo in fulfillment of his promise; and winning a prize of $:,,i0 by clrc-
made following the agitation of his i
PEACE DECLARED BY
nessee legislature this afternoon
was agreed by both sides
tests should be withdrawn.
OPERATOR IS SHOT
J. 1. S. Xceley of fancy, Kan
ed in Ouai rc-I Over m Ia-'. !
; Caney, Kan., Jan. 7. J. I). S. j
j Xeeley, president of several oil torn-,
pr-ri.es. was shot "nd killed !-.?ic tlij
Incoming by Al O. rrtiik?tf, a proin-j
iir.cnt busiucss man Tb'; -hooting!
; was the result of litigation o. or rn j
j oil lease. Tru-ikct surrendered and t
was taken to Jail, at Independence.
Ncf.ey was shot t.-e. cue '-ll't
pi ling through th-i he irt and an-
ether through the Wi. arm.
r- ., 4
"ANGEL OF POOR DEAD
Si iter Isidore for ft I Yearn in liar:ijr
Work in South.
i Vow Orleans. . Jan. 7. Sister i
Isidore. known here as the "Angel
of the Poor," Is dead, aged ". She
Z.?'a ,J iV,;t
ifsnl) Th rriii y li uvpral f-ninem lea f.ll off thf -iiuir writnlnif III Lain
- --- ------ -,
from reow fevr but r.rovered.
, .h cJdl war she nursed sol-
diers of both armies
ROW IS ON AT
Half of Iowa Republican
Legislators Balk at
YOUNG'S .FRIENDS WIN
Secure Promise That No At
tempt Will Be Made to Se-
lect a Candidate.
Des Moines, Iowa, Jan. 7.
Paul Stillman, insurgent, a
Green county editor, was chos
en speaker of the Iowa houso
in the republican caucus par.
ticipated in 'by standpatters
Des Moines, Iowa, Jan. 7. Fourteen
standpat senators bolted the- senate
caucus today when Sena or Van
Law of Marshalltown. insurgent, mov
ed that the caucus name a caucus com
mittee. The standpatters claimed tho
motion a violation of the agreement
that the caucus deal tolHy with th
senate organisation and no action bo
taken on tho United States senator
ship quest ion.'
orill'ltH NAME COMMITTEE.
After the standpatters walked out
the 17 re maining named a caucus com
mittee. The Mtandpattera claim under
the agreement they are not bound by
i i ins motion ana win attend no more
caucuses. , t
HOI ME MEET LATER.
The house caucus has been changed
to 2:20 .this afternoon. A written
agreement lias been signed by both
factions that the caucus shall not tali
up the Unitsd Stales scnatorshlp. statu
binder or state printer. It appear
Paul Stillman of Jefferson will bo tho.
sen sreaker without opposition.
an NOTICE KAKLY,
Des Moines, Iowa, Jan. 7. Fifty"
three, out of 101 republicans In the r.eiv
ate and house have signed a irfuv.fr
to attend the organization and :;enntor
ial caucuses called for today. The slg
nature were obtained after the Insur
gent had declined the stand pat pnpi
i-it Ion that the caucuses today be for
organization purposes only and that
the sen a tors hip be not brought up
The'standpatters will jntrodiico in the
legislature a bill for a special senator
ial primary March 1.
IM IK.KMH IEI.H.
Later this forenoon the Insurgent
yielded to the demand of the stand.
' foil, i, mai I nil wiui.unrn KMlHjr
ajsnoilrt ,akf. up organization only. It
r. r t , . I. KA - .. . , I . ..
Is also understood if nttempt Is inadti
to nominate a candidate fur senator
the standpatters will not bu bouud
by 'the action taken.
CIRCLES FORTS IN THE AIR
Youth of IN Win JK.'.OOO I'ri.r
Charleston S. C, Jan. 7 Jimmy
Ward, the 18 year old aviator In a Cur-
j 1 1 Hit fc-IIOI l! W ' ' tHil II', l-RUT-
jlay "'"'; " daring flh:M across two
' ril ,r tli, linri.fir Afi1 fillt fil'f.f 1)ltv t -
ling ovr two or th strongest r-irtini-
tlons on the Atlantic count, demon
strating the efficacy of th"? aeroplane
as a scout in the time of war.
Hearst Suit Pending.
New ork, Jan. 7 - - W. K. Hearst must
either pay dampen or prove to a court
iof law tnaf he; cannot ! held rr-Kpotisi"
'bin for the firework explosion of dec-
Itjticn night, 1902, In whl'li wver.il were
killed and wounded. The suit h dls-
( misted by a lower .court, appealed by
the city and now the- appellate dlvl
1 p.iori orders that a new trial proceed.
OF LIVING, DRINK
j . fit LouH, Mo.. Jan. 7. Willi arm
j intertwined and facing a. mirror to
watch their dying expressions, MaUd
and Isabella UolsKeau, siutera. and
members of a prominent family,
'drnk carbolic acid from soda water
' glasses last night Jn a confectionary
'store here. Mabel died at the city
hoRnif xl and her htxter In not exnei t-
!cl to five. -'Before taking polnon t hh
Iof the girls requested the projiilwfor
V, . .. .:..
fioor , ,onA Mab,, , 0llapr I.
"We're tired of livlsc" w
last jie.ige written by the pannns
ilz tint tulcide pact.