OCR Interpretation


New-York tribune. [volume] (New York [N.Y.]) 1866-1924, October 28, 1907, Image 1

Image and text provided by Library of Congress, Washington, DC

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83030214/1907-10-28/ed-1/seq-1/

What is OCR?


Thumbnail for

V*- LXV 11....N 0
FOREIGN CONFIDENCE
IX AMERICA'S CREDIT.
J. CHANGE IX MOXETARY
SYSTEM HERE URGED.
A Government Bank Desired — Ger
man Bankers Assure Customers
and Brokers Advise Purchases.
st trustworthy financial circles in
T ■ Berlin and Pans take a cheerful view
situation in America. It is generally
that the worst • - passed.
- <iv generally attrib-
D md monetary system and
-- speculation bj a c rtain class of
: •■-. whose elimination will rc>uh i:i bet

ative brokers abroad are ad
pur* ase ■ • American -• purities,
■ ate £ri\inj assurances of their be
eonditions in Amer-
".\W THE TIME TO BUY."
Strong Xote of Optimism in Con
servative British Circles.
■ _" ' • ■ ing< rs
In New York I I American
is a strong
Trustworthy and Ban< r
" • - b acknowledging that tlu • ria ta
.■ la] world,
not f oi t the industrial and agrl
rity of the United Btates is ex
tory.
The money market trouble coming: with the
admitted general prosperity seems to bother the
all pervasive professional critics of American
financial conditions, but all are willing other
vise to praise the more prominent institutions
for so splendidly withstanding the runs on their
(offers. The situation is 'described as a rich
man's crisis, but a poor man's panic At the
Fame time it is insisted that while the unrea-
EOnlng fear resulting in panic may be assuaged,
the crisis remains. The crisis is alleged to have
I>een due to "gamblers who have built up a tot-
Term? fabric of manipulatiun and chicanery on
the broad basis of general prosperity." It is
pointed out that prosperity will be clearer for
"the removal of the rotten superstructure, and
In the wreckage caused by the downfall of the
gamblers investors will find more of an oppor
tunity for picking up cheap sound stocks."
"Now is the time tr» buy," is a note not in
frequent in the general comment. It is not un
reasonable to believe that the comparative calm
ness with which Europe views the situation may
W-due t<* «J*** «mii«r-and more trustworthy dis
semination of newflL a few years apo in the
news from the United States a panic was a
panic, and nothing more; now reasons for crises
and details of them enable thoughtful person.s
to differentiate between runs on banks by
ignorant foreigners and withdrawals by eober
jninied investors.
NO ALARM IX FRANCE.
Market Cleared of Americans-
Re m edies Su ggt 'sti d.
■ 27.— Th--- prevailing opinion in flnan
ere is that t • of the
is over, it ll doi i pot ■
country. No sk< : I
b and n -
ry or the solid basis of its
the ut " la '■*-
I In .1. ]';■ rp< Nt II '
... B „f relief
.. aring House in New York and
i approved.
It J ■ . that the machbu ry
! that the
tutes th<- ri
- • Ituatkm. French bankers enn
\i they are
I ■ not | .-,;-,. ', the market lon^
leared of American bills. Operations
• • on the Bourse are sub
% anil in;-.
.. T.i hold
rs pay more attention to
| ■ . :d til" Ulti
follow tli-ui to predic
nerally that

I activity, accompanied i y
< un indif:"< rent harvest and
r ■ . : rd it as B
: ■ rld-wlde crisis. T
onan< laJ situation in
I i ]. ad to a reorganization of

.' bank of remission and
rediscount In England, Gen
of the
ange by wroV b
iritles. The
A rich country like America which cannot
operate without foreign credit or survive a
crisis without government aid is badly organ
ised from a monetary standpoint. Th» crisis
»:'-f:t servo as a lesson not only to Americans
but to foreign capitalists, who should refuse
to become Involved until America gives pro if
of prudence and wisdom by radical monetary
reform.
: ons President Rooi v. !t is
'Die attempt to throw the responsibility upon i
President Roosevelt for what has occurred only ;
proven that the«abusea which be pointed out
svally rxlsted Tin- action •■> certain American ,
iina.'jf:i.-n; was bound to result, sooner or later, in j
B. catastrophe; and It is to be hoped this will :
Mrve as ;t lesson Jor the future.
Arthur Raftalovftcfe, a high financial authority, |
tik*-«t a similar view in "The- European Eeono- j
ruinV H* considers the failure of the An.'i i- j
J£n irovfrr.ment to provide a bank of issue which i
£9QM control th<> interest rate the root of tha |
'■'•i', «, ut Raya that p rfcf ..j<j,. nt Roosevelt cannot, j
- Ruwle v scapegoat for the abuses. "The r«-- i
•jnnsinflH rests with others." he says.
French bankers do not i ■.;,'•.! 1 Paris to fur- !
rr ' s '» cold for New York, at least for the pre*- !
tat. &r.j anticipate that London, where more of j
. Cunt in n^d '.'U •■••< <.n<J i»a^t*.
rr * 0LA *° WATER. NATURE'S CL;
Jo'rJ C f t /-''"■•. '.Vater :n the World. V*l*i C Til- !
-'ti rli . cr * M ' r '* : » '• Comi't t;o. VuUnC tii-rLiS
- *** Ueuowajr M. Y.-AUvl. i
22,2G1.
r— t JZ?&.:S£k*m v cd( , NEW-YORK. MONDAY, (X TO
PRESIDENT'S BIRTH DA Y.
Quiet l )/ Observed— Many Messages
— Visit from Hungarian Club.
Washington. Oct. 27.— T0-day Is President
Roosevelt's forty-ninth birthday. It was marked
by no celebration, tbe President rounding oul
Ins forty-ninth year and entering on his fiftieth
with the same simplicity that always charac
terizes bis acts. He did not depart from his
customary Sunday programme, of worship, work
and recreation. Much of the day. how< ver, was
spent at tbe White House fireside in a quiet
family rejoicing. Congratulations in large num
bers by mail, telegraph and telephone w< i
ceived at the White House during the day.
President Roosevelt attended services at Grace
Church in the morning, after which he speni a
shori time In the executive (.trices going over hi*
correspondence. In a downpour of rain the
President, accompanied only by the usual
guards, went out for a long cross-country walk
in the afternoon. He left the White Hou3e
v and returned short ly i • i n i
President Roosevelt : the Hungarian
Club of New York in 'he Bast Room to-night,
when the visitor.- extended the Chief K\
their congratulations. It has been the custom
of the Hungarian Club to vieit Washington on
President R thday to pay Its re
l
KING EDWARD'S CONGRATULATIONS.
• Roo !i velt's
birthday, is i 1 .'-•■ Tit hia master ■.
to Wrest Park t.. express hia majesty's
i ongi .■ ■ ■ Mr. Roosev< II
Bador Reid.
TWO KILLED, MANY HURT.
Passenger Train on Missouri, Kansas
§ Texas Railroad Wrecked.
■;. k., Oct. Z3 Two re re
to have beftn killed and twenty-five in
jured In v Brer train <<n the
M'ssouri, Kansas & Texas Railroad near this
city to-night. Some of the injured, it Is a
may die.
SAVAGE FIGHT ON "L."
Artist Whose Beard Soldiers Ridi
culed Confined to Bed.
Eugene Kashmere. an artist. living at the Alpine
apartment house. No 55 West 33d ptreet, is con
fined to his be as a result of a bfating ho re
ceived from soldiers and their friends on a Sixth
avenue elevated train early yesterday mornin«.
Mr. Rashm< re and live of his assailants were ar
raigned in JefferKon Market court, but as Magis
trate Corrigan could make neither head nor tail
of their story they were all dlschagred.
According to the police, Rashmere was on the
elevated train with several friends, when the
soldiers made . some remarks about his artistic
beard. One word led to another, and by the t!rao
tho train reached 33d street the flght was In full
swing. The motorman of the train blew his
whistle for the police, and several patrolmen from
the Tenderloin station went to his assistance.
By the time the police arrived the fight had
spread to the station platform, with Bashmere
•underneath and everybody bitting UUb. Sj-.ivera.!
cried out that Rashmere had stabbed them with a
knife, and the crowd became incensed. The pa
trolmen managed to corml Rashmere and fivo of
his assailants Into the waiting room of tho station,
■whilo word was sent to the station house for tho
reserves.
In ■ time Rashmere'a assailant
._■> v ■, . m again In tho waiting room, and
: ■ only by a ill eral ise
[ghtatlcks.
were taken to tl • !i '-'' two
New V- rk Hospital were »ur
n waa badly ' i rut
while the others, B r ° r r ; f
Ko. r>i7 Broadway, had contusions and cuts; Pri
vate Lehman. 61st United Bi I
Edward Glastre, a mechanic, of New
ark bad Ids ribs broken; v ''- •-''• • '" -
eer. of Newark, was I ed in the
. iter, of N
bad bruises and contusions.
ra v. er^ taken to
• court, charged with disorderly
t. '\\.>y were discharged, as no one could
..•r., bid wielded the kni^
on Mm. A.t Rashmere'a apartment
• • was said that he wsj too IU to talk.
FIGHT WITH SMUGGLERS.
Chief Killed. American Collector Wounded,
at Barahona
Ban Juan, P. H.. Oct '22 (Special).—lnforma
tion hits been received to the effect that the
revenue district stationed at Duverge, In tho
Barahona district, on the southern roast of Banto
■ -„, were attacked on October l» by a
body of smugglers. The deputy collector of cus
toms, 11. Irving, a citizen of the United Btates,
was wounded. He Is not expected to recover.
The chief of the smugglers, a desperado by the
name of Cutlco. was killed in the encounter and
the smugglers were put to flight. It Is asserted
that the authorities are making every effort to
„n , ] the n and If taken, their
punishment will be quick and sharp.
EXPRESS ROBBERY A MYSTERY.
Only $23,000 Disappeared in Milwaukee
When Much More Was in Sight.
[i;y TH.nnijh to Tho Trtl'iine. ]
Milwaukee. Oct Bt— That the person or persons
■ ■ from the transfer office of the
ITnited States Express Company on Wednesday
n been trying to get a much larger
■ negating 1200.000, U tb< bettef of the
company officials. Altogether nearly
and currency waa held in the
during the nl^iit. but the fact that more was
ten rather mystifies the officials. Packages
containing ■• total of ftt.ooo remained In the aafe
( i.. entire rd«!jt. and that these were .x
to full view when tbe safe was opened
• . to the company"* detectives that
... f .>r thieves did not open the safe to Bret
■ • • sacks, as the larger buu\
would have been much more easy t<> take out when
. wa open. The 180,000 remained and waa
found on Thursday morning ju?t a* placed th<
j,r \i..us night
Investigation thus fir Indicates that the Ci.ooo In
currency, w) n two large cam
•: .% bJ< :i ■ od the contents taken,
v..r. tampered wit they reached tbe safe.
MEXICAN RAILWAY RATES RAISED.
General Increase of 12 Per Cent Agreed To
in Conference.
Mexico City, Oct. 27.— 1t was authoritatively
Stated to-day that the general Increase of railway
rates in Mexico would go Into effect soon. This
conclusion was reached after many sessions of
the railway commission and officers- of the various
railroad?.
The latter held out. for a 20 per cent Increase,
but th< commissicn agreed to ■< i- per cent In
cresk
N.i agreement warn reached on the shipment of
ores. This point w'.A be settled at a later confer*
COCfc . ,
SHERIFF IN CHARGE.
TOXKERS EXPECTANT.
Strike Violence Due To-day—Con
ferences End in Doubt.
After Mayor Coyne of Yonkers had railed
upon Sheriff Lane of Westchester County to
take charge of the city to restore order, a con
ference looking to the settlement of tho car
strike there was hold between Henry A. Robin
son, representing the Union Railway, and the
Rev. r>r. James E. Freeman, rector of St An
drew's Church, representing the men This
action was taken late In the afternoon, after a
day In which both sldea rested, feeling that the
decisive struggle would com.- with any attempt
of the company to run cars to-day
I>r. Freeman said late last night that ho had
some hope ..f an adjustment of the difficulties
between the railroad and the men, but would
:i"t pive out the nature of the propositions tho
mon were willing to accept. He said, however,
that he hoped there would be no further trouble.
President .Maher and the officials of the rail
road were firm all day In denying that there
could be any settlement which did not involve
the immediate return of the men ? " their
and Intimated strongly that the men would not
lone: have th" opportunity to go back Seventy
five additional Btrike breakers were brought in
to the city In the morning and work went on all
day at the car barns, where cars were being
fortified nnd provided with strong wire netting.
Sheriff Lane reached Yonkers in the after
noon, visiting the city for the first time since
the strike began on Tuesday morning. He said
the Mayor and Pollci Commissioners had full
power, under Section 111 of the Code of Crim
inal Procedure, t.> call out the militia, and re
fused to commit himself as t.. his attitude should
there be violence to-day. After a long confer
ence with the city officials h^ said- "I Bhall use
my !■• it effort for the preservation of order in
Yonkers. I cannot say more than that without
imislng myself. T do not know what
means I shall adopt." T.at.r the Sheriff said he
had communicated with Governor Hugh<
At tho conference with the city officials tho
Fhoriff expressed tl pinion that he could i ot
obtain enough deputi sts t cope with the situa
tion. This was after the Mayor had writi
him to say that in his opinion the civil re
sources of the county Bhou ■ lusted be
ny appeal was made to the milit .ry arm
<>?■ the state. T'pon the Sheriff's declaration th<>
■ i . !■ ition < - ng the
opinion that in vi. w of the Sheriffs oplni
should at once call for the militia, and Mayor
Coyne wrote him another l< " r, calling
him to take charge al Ity. admit
ting the Inability of the city offli to deal with
th«- Bituatl
The Mayor said later that If the Shi rtr I
• within a reasonabl I would him
self tak<- such steps as were pen iltted
law t' maintain order. •■There- will be <
Yonkers and pi I >r tho company." he
said, "no matter bow II
them."
Th" only rs thai
the barn at 8:30 "k In the morning. They
uet.t out with laborers to bring back tho cars
'■'•'-
nuep on Saturday, an lul -
Royal Helden, a strike breaker, who was ar
rested for carrying ■ • '"• !
bailed out yesterday morning by his wife,
walked to Yonkers from M >unt Vernon to rea I
him. He told tho police that every strike
breaker had be«n armed with a revolver, ■■ • t
fternoon a
young Kiri. who said she waa from New York.
asked tho police to help find her brother, G
Kane, who had run away from home and was
supposed to be with the strike breakers. Cap
tain Bradley, of tin sti Ike bn ak< rs, l< t h< r look
over his men.
Berloua trouble l ; ■ m 's morning If
ttempt t . run a car la made, and there is
llttlo doubt, from the remarks of the officials
■ day, tb.it bu< h " will be made,
SHIP COMPLETES LONG PASSAGE.
Dingo in from Honolulu with Sugar, After
Five Months' Sail.
The 3-000-ton four-masted American Bhlp
Dirigo, built In Hath. M" , in 18W, arrived here
yesterday, after a pa from
Honolulu, where she to..X <>n a cargo of sugar
for New York. The trip along the Paclfl
t.f South America was unusually rough, but the
Dirigo had ll^ht winds throughout the pa
on the Atlantic t., this port.
Wben one thou and miles from Cape Horn, on
the Pacific Side, tho Dirigo ran into :.. heavy
squall, and all the men on deck at the time
were bowled ..\er and severely Injured, one of
them breaking a leg. An unusual feature of
tho bltf ship's passage war the fact that she
rounded Cape Horn la a heavy snowstorm under
full sail.
Only four nan out of a crew of thirty-four
who signed on at Honolulu bad ever been to sset; t
before. They were mainly tradesmen who
wanted to Ket siway from Honolulu. Twenty
four of them were Japanese Imrri in the Ha
waiian Islands.
One night, soon after leaving ("ape Horn,
when the men "M watch were sent aloft, a Jap
anese named Todanl Saji fell from the foretop
gallunt yard and was lost. His countrymen,
who spoke no English, were unable to make
known below that he bad fallen, and tho ship
could not bo brought about In time to save
him.
DIVORCE WANTED ? PAY IN ADVANCE !
Dictum of Pennsylvania Judge Because of
Court Costs Being Evaded.
[By Splocrapto t.. The Till uaa !
Pittsburg, Oct 27. — Judge Richard Holt, of
Beaver County, announced In court yesterday
that hereafter any person who wishes a divorce
in that county will have to pay for it in ad
vnn< ■•
During the last few years Judge Holt has
granted many divorces. Recently he found that
not more than half of them had been lifted, tho
■till being owed to the county officials.
Many of the couples have married without lift-
In the papers, under the impression that the
decrees were Anal.
Judge Holt declared that the decree I n>t
final until the costs are paid and the papers lift
ed, and that he will compel all eouplea In future
to pay the costs in advance when they come to
hia court for divorces.
NEVADA BANKS TO REOPEN TO-DAY.
Goldfield, New, Oct. 26.— positive statement
was made by olficers of both the John S. Cook &
Co. Bank and the Nye & Ormsby County Hank
that they will reopen to-morrow, at the expiration
of the bank holiday declared by Governor Sparks.
Uoth institutions, it is declared, have ample funds
to BMrt all uemunda.
...
SER 28. 1907.-TWELVE PAGES.— r^^^-^liZr,
MAY BE 23,000-TON SHIPS
SEW BATTLESHIP PLANS.
Nccvy Department Maintaining Se
crecy — To Keep 12-lmch Guns.
Washington, Oct. 27. — As was tho case la^t
year, when the plans for the 20.000-ton Dela
ware class battleships were sent to Congress
udder the injunction of secrecy, the Navy De
nt la exerting Itself to prevent the feat
ures of the plans for the great ships which it
will ask 'the next session ao authorise from
gaining publicity. Of course, it is realized that
after the ship is afloat and in commission it is
practicallj Impossible to prevent knowledge of
her essential features from reaching rival naval
powers; but the fact that under the most
favorable conditions the buil<linK i and comple
tion of ;t battleship must consume from two to
flve years affords the nation huililitih' the ship a
very substantial advantage in position, which
might easily determine the issue of a naval war
jvhere up-to-date ships are pitted against ves
sels five years old In type.
So in the case of th.> new ships recommended
to be constructed by tho naval general board
it Is impossible to secure any authentic infor
mation relative to the features of the vessels
beyond the mere fact of their bigness, for it is
certain that they will be of more than •J(M* M »
tons displacement, If, indeed, they do not reach
the world beating proportions of 2T>,(>oo tons.
In a negative way, however, it i: gathered
that, with all of this Increase in size over the
existing type of battleship in the new projected
American boats, there will be no corresponding
Increase In the calibre of the puns. Reports
that th« Uritish Admiralty are planning to place
13.5-inch rifles on the next battleships to be
launched have in no wise disconcerted Ameri
can naval designers, and so far as known tho ;
general board Is disposed to stick to the 12
inch rifle, which has been so highly developed j
In material and design In the Washington navy
yard gun shops. It is true that the plans of the I
board may provide for tho placing of a larger j
number of such guns on the new ships than are j
to be placed on the Delaware class, but there la
to be no Increase in the diameter or weight of '
the projectile, and about the only possible im
provement that i:< suggested With any prob
ability of acceptance is tho substitution of the :
wire-wound gun, which has found favor In the
British navy, for the present "built up" type of
ordnance. The reason for that decision la co
gent; tho target practice work of the Atlantic ;
fleet Just finished has satisfied the experts in
Washington that with the present 12-Inch rifte j
any battleship In the world, not excepting the !
Dreadnought, could be probably sunk In five
minutes at a distance of Jive miles, as long a j
range as is practically feasible with any weapon, i
FRENCH DREADNOUGHTS.
Naval Staff Recommends Construc
tion of Three Great Vessels.
Paris. Oct. 27.— The general staff of the navy
has decided to recommend the construct of
thr*e hattlcshl»»a of •■o«>i»«> or 21.000 tons. In
order to keep abreast with the largo .-hips build
ing In England and Germany. The general staff
is divided on tho question as to whether the
main batteries shall consist of twelve 12-inch
or eight 12-inch or right 10.8-Inch guns.
COLLISION II CRTS \B.
Trolley Cars Telescope at Providence
■ — Eight Seriously Injured.
Providence, 0 I 27.— Porty-elghl persona
Injured, eight of them seriously, as the
result of a. collision i I ars on the Paw
• line In North Main street here to
rn i v !•.. junction
,i Livingstone street, Branch avenue and North
Main street, and was caused by tho inability ><?
toi on a northbound car for Paw
tucket to stop his car on aproachtng the
owing to slippery raih-. The car Jumped the
swlti ii. which was open to Branch avenue, and
crashed It : t . . a southbound car coming from
Pawtucket to Provldt i
The Pawtucket-bound ear was hurled into th.>
vestibule r.r the Providence-bound car, teli -
g it. Miraculously neither motorman was
hurt, but almost all the passengers In both cars
were hurled from their Beats and were more •<?
less injured by being crushed or by falling glass.
Lloyd Parker waa conductor and Fred \>n
dell, motorman, both of Providence, on the
northbound car, while James Mulraln, of Provl
denc< waa conductor and Thomas Turgeon, of
Providence, motorman, on the Providence bound
That neither motorman -was Injured waa
due to their Quick work in jumping aero
vestibules of the cars aa they came together,
and the fact that tho front vestibules wore not
completely demolished i>y the Impact.
The scene inside the cars was one of groat
confusion. The seal of the cars run length
wise, and hence all the passengers were thrown
Into heap:, at the forward ends. The falling
: | the windows cut many, and many
others were hurt In trying to escape from the
tangle of bodies.
Tli<- injured were taken into houses nearby,
while nix physicians and a score of ambulances
and conveyances were called into .service.
MR. CORTELYOTT WILL NOT RETURN.
Secretary Does Not Expect Any Further
Trouble Here.
Washington, Oct. If. George B. Cortelyou, Bee
r« ':!r> of the Treasury, returned bare from New
York last night, whew ii" bad bam in constant
touch with the financial situation. When aeen at
his home to-day the Becretary daeMnsd to make
any statement regarding financial conditions, «-x
c*x>i t. Ny that be would not return to New York.
It is known, however, that the sec., tary ktoka f*»r
no further trouble among the banks and trust
companies of that city.
Becretary Cortelyou called at the \\"!it<> House
laic tl la afternoon to see l resilient Roosevelt, but
j. ct of his mil i lon could not be learned.
DIVES FORTY FEET TO SAVE GIRL.
I i-. t. V - rvpfa t.. ti,.- Truwi |
Richmond, Vs., Oct 27.— Mln Reba Haley, fifteen
years old, leaped from the Manchester end of
Mayo'a Bridge into the James River thi.s after
noon In BO attempt to commit suicide. She was
rescued by C*rl BlackweU, alaeteen years old, who
dived forty feet from the bridge into the water,
sustaining lier in his arms untd aaaaVanee reached
them.
The girl had just recovered from ■ severe attack
of typhoid fever, and it is believed the illness had
Impaired her mind. The water Into which the girl
leaped was only six feet In depth. Both of her legs
broken below the knee, but it Is thought she
will recover.
AFTER ALL, USHER'S THE SCOTCH
iliut umtio ttio liigUUuU Xatnuua. — AUvC
XEW YORKERS IX WRECK
Passengers for Admmdacks Hurt in
Montgomery Count if.
Utica, N. V.. Oct -7.— The Montreal espSCfld
on the Adirondack division of the New
Centra] Railroad, which left Utica at 128 a. m.
to-day, was wrecked five hours later near N< -
haimane, Montgomery County, while rum
a sper-d of about forty miles :m hour. Th
carried many New York, Boston and Philadel
phia persons, bound for the woods. Tl''
was made up of an engine, mail car. ba
car. two day coaches and four Pullm
The second day coach left the rails, followed bj
the two rear Pullmans, which turned over an
their sides and worv dragged nearly three hun
dred feet. All the passengers wen throw]
their bertha nnd tossed about tho cars. The
most seriously injured was Mrs. 1* P. Etequa, -.f
No. 2 East S4th street. New York, who fa
ni> broken and was otherwise Injured.
Among: those slightly Injured were Mr. and
Mrs. Paul Ely, Mrs. K. J. Killsworth, Mrs.
Bernard and L. F. Requa. all of New York.
Tin- injured persona went through to their des
tination With the exception of Mrs. Requa, who
was taken from the train at Lake Clear .Tutu -
tion. The cause of the accid< I bably
the breaking of a truck on the day coach. A
ono thousand feet of track was torn up, block
ing traffic until to-night
BALLOON HAS AGED PILOT
The Ben Franklin, of Philadelphia,
Lands in Massachusetts.
Springfield, Mass., Oct. 27. The balloon
known as Ben Franklin, having: a gas capacity
of 82.000 i able feel and said to bo the largest
in the world, landed In Belchertown to-day
after a successful trip from Philadelphia. The
balloon carried live persons, all of Philadelphia.
Samuel A. King, who is ...... of
ace. was the pilot of the big balloon, He is a
veteran aeronaut, and the trip completed to-day
was his 452 d flight in the air. Accompanying
him were J. Edwin Reich, secretary of the Ben
Franklin Aeronautical Society of Philadelphia;
I >:• George H. Slmmerman, J. Lewis Mayer and
Dr. T. E. Eldridge.
The par! ■ : the
city of Phil idelphia ion .it
2:30 o'clock. There were
.....
. ■
party remained 1 not
The
■ ■viiu-k this morning, and I
tion. I ' :1 h"iirs ti.
and carried it apparently din Afl r
daybreak they passed over the Berkshin
The
-
lot. 1 I ■ Park, v I

Mr. King estimated that the distance covered
In the zl.£r-zajr course from Aura was about live
hundred miles, although in a straight line the
distance is something like three hundred miles.
The balloon was packed and shipped, and the
five occipanta of the car came to FprinflceM to»
night and boarded a train for Philadelphia.
n:si rirs in eruption.
Explosion Follows Shock — Towns
Damaged — Ten Injured.
Naples. Oct. "7. — Great fear has been caused
by an explosion from Vesuvius, which imme
diately after the earthquake poured forth lava,
mud and ashes. Surrounding towns and the
funicular railway were damaged Ten persons
were injured, according to reports.
Rome. Oct. 27. — Tho Official Telegraph Agency
In its estimates of the damage done by the
recent earthquake, in Calabria, gives twenty
eight towns and villages as badly damaged and
thirty-two less seriously. The government has
ordered tho rebuilding of Brancaleone, confiding
this work to th( Milan relief committee.
JAMES RED DICK KILLED.
Governor Deneen's Close Friend Vic
tim of .Into Accident.
o>. Oct 27. — James R«ddJck, chalni
ti.. >'.H,k County Republican Centra] Committee.
was Instantly killed early to-day by the overt
mg oi an automobile in which he was rtdh
Übertyville, Lake County.
Mrs. Reddick. Mr. and Mrs. Charles Taylor and
Mr. and Mrs. William Well the other ooccupanta
Of tho car, escaped with slight injuries.
The accident was due to the skidding of the
automobile on a muddy road, causing the ma
chine to upset In a ditch. Mr. Rcddlck*a neck was
broken by the car, which fell on him. and threw
the other occcupants to places of safety.
Mr. Reddtck was one of the most prominent Re
publican leaders In Chicago. For years h«> had
been closely associated with Governor I>«n.,-n. and
he was one of the most active workers In obtaining
Mr. Deneen's nomination for Governor In the rec
ord breaking deadlocked state convention In Spring
field, when Governor fates vainly sought renom-
Ination.
( *
CRIPPLED KICKERS QUIT FOOTBALL.
Lima College Eleven Held to Have Record
in Hospital line.
fltv T'!<rr.ii'!i lo Tht TMboa*.]
Lima. Ohio, < vt. U7. — Decause ol a collection
of broken noses, broken legs, broken Ongen and
ited bones, declared ti be unequalled by
any other football team in the country, the Lima
college ci, v, n has cancelled all Its scheduled
games and h;us disbanded for the season
An Inventory of the jdayers revealed si-:
broken noses, four broken legs, eight dislocated
hones and it down broken Sngera.
JUDGE GROSSCUP'S DELICATE TASK.
Alleged Remarks of the Chicago Jurist at
Indianapolis.
|lty Toli-Rraph to Th» Tribune.]
Indianapolis, Oct. 27. — Politicians here are greatly
interested In a statement made by Judge Peter B.
GrOBSCUp at the Columbia Club, which re- addressed
last night, to the effect that President Roosevelt
hid requested him to select a committee which
would make suggestions to the President for a law
for the reformation of corporations. Ha said that
he had consented to make the selections, and ex
pected to enter upon a study of the subject soon.
The impression left on the judge's auditors was
that President Roosevelt desired a federal statute
enacted that will place corporations engaged in in
terstate business under federal control. From what
lie judge paid on the subject it is believed that he
had no question as to the constitutionality of such
a law in so far" a!; it would affect corporations or
ganized in the future, but the difficulty seemed to
lie with such corporations already formed and
chartered by the several stales.
Pit ICE THREE CENTS. 1
SAY BANKING STOR3I
HAS SPENT ITSELF.
3IORE EUROPEAN GOLD
ENGAGED FOR IMPORT.
Other Cities Decide to Issue Clearing
»
House Loan Certificates.
Additional imports oi gold amounting to
$2,000,000 were engaged by Ileidelbacb, Ickel
heimer & Co.
Several ol her fit:.
ing bouse loan certifii
Brooklyn bankers I the ..pinion that
. nation in that borough would tv ihiwii
J conditioi
Secretary Cortelyou announced in Washing
ton that the situation here would not require
his presence, and that he would not return.
FINANCIERS REST EASY.
Great Confidence Placed in Efficacy*
of Loan Certificates.
Cankers and capitalists who have been so
busy recently steering the ship at finance over
the troubled waters which havo surged around,
it showed by their actions, or rather lack of
activity, yesterday that the local banking situa
tion was much improved. Instead of devoting?
the day to nerve racking meetings and confer-:
ences, most of the leading bankers remained^
quietly at home and rested or passed -the day tiv
the country. Among the latter were J. P. Mor-» ;
gan and James Stillrnan.
"Tho trust companies to-morrow •will rnaka
payments to depositors in checks, payable.
through tho Clearing House," said George W.
Perkins, of the firm of J. P. Morgan & Co*
"This will help the situation very much. lam
glad the clearing houses of other cities have
adopted the polity of issuing certificates. The
cnmlnff week promises further to settle finan
cial matters, in my opinion."
Clark Williams lato last night said several
banks that had closed their doors had applied
for permission to reopen.
It was not even considered necessary for th»
Clearing House loan committee to hold a meet
ing, although William Sherer, the manager of
the Clearing House, was at his desk and the
clerks were busy looking over collateral upon
which loan certificates had been applied for-
In addition to Xew York. St. Louis. Pittsburgh
Boston, Philadelphia and Baltimore, which an
nounced on Saturday that they would issues
Clearing House loan certificates. Chicago, Mil
waukee, Omaha, Cincinnati. Cleveland, Colum
bus. Kansas City, Mo., and Indianapolis fell into
line.
The engagement of $2,000,000 of additional
gold for import was also announced. This i 3
In addition to the §3.000,000 already engaged by > :
the National City li;.nk and the $1,530,000 ar
ranged for by Heidelbach. Ickelheimer & Co..
and brings the total to date up to -'.
This latest shipment was arranged for by one of
the large international banking: houses: on be
half of one o* th-_- national banks which does not
have such good facilities for importing tho
metal. It will be principally British gold, .1
will be shipped on Tuesday or Wednesday.
Henry Goldman, of Goldman, Sachs & Co..
discussintr the prospects last nig-ht fur a heavy
movement of gold to New York from London
and the Continent, said that he thought Now
York would continue to draw tho metal for
some time tqgeome. He said he did not look for
particularly large enea^<>:r.t:nts in any one weeJt
after the present one, but believed tl influx
would continue all through this month and No
vember. Ho did not care to forecast what the
total would reach, but thought It might reason
ably amount to $40,<* V>,0U0 or if ~>o,oot >.000.
VIEWS OF MR. ICKELHEIMER.
Henry It. Ickelheimer. of Heidelbach. Ickel
heimer & Co., said that his firm would doubt
less obtain more gold this -week in addition to
the $1,500,000 already arranged for. Be said
it was impossible to tell how much of the metal
would be brought in on this movement, but be
lieved it would be a considerable amount. Be
thought gold imports would probably be made
for the next two months. He added that this*
depended, of course, on the amount of wheat
and cotton going out. Mr. Ickelheir.ier said he
believed that the financial outlook vras much,
improved.
Wherever the decision of tho Clearing Houß9
Association to issue- loan certificates was d! 3»
cussed yesterday by bankers it was favorably
commented upon, and the general opinion was
that it would be a powerful facto* in relieving 1
the present acute money stringency and thus
restore confidence. J. Edward Simmons, presi
dent of the Fourth National Bank, in discussing
the efficacy of the lonn certificates, said last
nlgnti
•The action of the New York Clearing Hous»
in Issuing 1 certificates was most timely and com
mendable. It la ■ precautionary measure that
has worked well in the past, and I believe it will
certainly result In quieting the excitement now
exlstlns in financial circles and bring about nor
mal conditions in business affairs."
Mr Simmons is. also understood to be in favor
of having the trust companies which can coma
up to the requirements of tho Clearing House
join the association.
The- more comfortable feeling which is preva
le.it among bankers was evident yesterday on
every hand. Edward Tow:, end. president of tha
Importers and Traders" National l?ank, when
seen at his home last night, sal he thought that
conditions were decidedly better. Asked if ha
had attended any conferences yesterduy or vis
ited the Clearing House, he said: "I have not
been at the Clearing House to-day, and I do not
know of any other member of the loan commit
tee who has. I have not heard from anybody or
communicated with any one. 1 have been rost
ins"
MR. NASH OPTIMISTIC.
William A. Nash, president of the Corn Ex
change Hank, who la also a member of tha
Clearing House committee, when seen last night
discussed the financial situation freely.
"During the last week 1 have been intimately
in touch with the situation at the Cliarins
House," he said. "No later than Thursday I
felt that Clearing House certificates must be re
sorted to if we wished to check the run on the
banks and trust companies. The action W <
delayed until Saturday, when it became evident
that further delay would be unwise. I was ut
no time able to understand why a device so well 1
understood by the financial world and with such
ii record of aucceaa in the past should not be re
sorted to.
"The course of events In the next week will
show how effective and neee<sary the actior
was and will be. While \here will be a lor
sequel i>« ajanaviiu: things in banking, lines. r
'*
I

xml | txt