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The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, September 19, 1905, Image 1

Image and text provided by Minnesota Historical Society; Saint Paul, MN

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045366/1905-09-19/ed-1/seq-1/

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TODAY'S SPOBTING KEWS WILL BE FOffcn) ON PAGE B.
Minneapolis Merchants
Use The Journal most because it
gives them best
r? 'i results.
CASSATT TO QUIT
OYER AGE LIMIT
Veteran President of the Pennsyl
vania Road to Be Oslerized,
Says Rumor.
Rea, Now a Vice President of the
Road, Is to Succeed
Him.
'MYMWXKt/ifSirsmy'W m.
A. J. CASSATT.
President of the Pennsylvania Eailroad,
About to Retire.
New York Sun Special Service.
Chicago, Sept. 19."President Cas
satt of the Pennsylvania will retire at
the next annual meeting.''
This statement was made today by a
well-informed railroad man, one whose
source of information is close to the
inner sanctum of the Pennsylvania of
fices.
It startled the local railroad men who
heard it, and there was some inclina
tion to scoff at it as a "wild" story.
Nevertheless, the informant persisted
in his statement and declared that there
was little chance of the "tip" being
incorrect. It was pointed out that the
Pennsylvania rule is that all employees
shall be retired at the age of 70, and
it has been understood that that rule
shall include the highest official.
Alexander J. Cassatt is 66 years old,
having been born at Pittsburg in De
cember, 1839. If he should retire at the
next meeting he will be 67 years old,
only throe vears "away from the age
limit. His life has been a busy one,
and, altho he is still vigorous, it is
said that he is consulting his own
wishes in determining to retire at this
time. He has been railroading since
1861, when he entered the employ of the
Pennsylvania road as rodman. He has
been a Pennsylvania man ever since.
The rumor that presupposes the re
tirement of Mr. Cassatt also includes
the name of his successor. Samuel Rea,
fourth vice president, is named to suc
ceed him. He is 50 years old and has
been a railroad man since. 1871, when
be also entered .the employ of the Penn
sylvania railroad. Like Mr. Cassatt,
Rea began in the engineering depart
ment and practically his whole train
ing has been along the line of railroad
building. WOMEN TO EXILE
TOWN'S IDLE MAN
Subscription Paper Circulated and
Menace to Husbands' Indus
try Must Go.
New York Sun Special Service.
Chicago, Sept. 19.Women of Iron
dale, 111., a town of 5,000 inhabitants,
are raising a. popular subscription to
defray the expenses of deporting the
town's only idle man. i
They say the presence of one indo
lent man may have an evil effect upon
their husbands and put to naught the
town's recent recovery from a twenty
year period of laziness.
Tony Hartford, aged 30, living at
1100 Benslcy avenue, is the man who
refused to work. Agents of several
factories are canvassing Irondale daily
in search of workers, say the women,
and yet Hartford calmly smokes his
pipe and announces that he has decided
to take a couple of months rest and
lie around the town.
Work Their Last Desire.
Until three years ago, when a big
harvesting plant came to Irondale, work
was the one thing that came last to
the lot of the voters. Thirty years
Iished
reviou
j5f: i,
Ah
a nail mill had been estab
in the town, but changes in the
style of nails quieted the factory whis
tle, and for many years wives watched
their husbands gather at the corner
grocery and wait for some one to of
fer them a job.
Then came the boom, and the jobs
forced themselves upon the spouses
grown disinclined'' from long idle
ness.
Every man had to go to work to
avoid the offers that were being show
ered upon him. Irondale awoke from
its stupor and began to boom. The
dread disease of laziness was eradi
cated and the smooth places on the dry
goods boxes lost their gloss.
Keep Spouses Harnessed.
But the housewives have not forgot
ten the old days. A constant dread
of a repetition of the idle period has
filled their minds, and they have kept
their husbands closely harnessed to
their jobs, with only Sundays, Fourth of
July, New Years and Thanksgiving off.
Now comes the disturbing element,
the rebellious Tony, who, having no
wife to make him work, has not been
convinced of the necessity of labor.
The women were quick to act when
they heard of the disaffection. Mrs.
Joseph Mcintosh, Mrs. Joseph Walters
and Mrs. Jennie Hasteit were appointed
a committee to circulate the subscrip
tion list.
Women to Pay His Fare.
"We will send him just as far as the
money we collect will pay the fare,"
said the committee. "We will only
pay the fare one way, but if he repents
and informs us that he wants to come
back and work we will get him a job
first, and then send for him.''
Tony has not yet been consulted
about the matter. He may not want
'to go, but as the committee say they
will make it too hot for him at home,
the 999 other men who are working are
confident he will accept the offer of
transportation. transportation _-v..:.'r'V-'
JAP ARMY FIGHTS
FLIES AND FLEAS
Stanley Washburn Describes Sum
mer Life at the Manchur
ian Headquarters.
How the Mikado's Soldiers Give
Object Lessons in Sanitation
to Chinese Citizens.
Special Correspondence.
Headquarters Third Imperial Japan
!g! ese Army, Manchuria, July 15.The
spring has come and gone and the sum
mer has come. But, unfortunately,
summer has not gone yet, nor has it
come without the many peculiar de
lights in which the summer season re
joices in these lovely little Chinese
towns. No doubt the great world' fan
cies that the Japanese armies today*
are centers of the keenest excitement.
The generals, one might suppose, are
growing gray with the cares of war and
i|: the soldiers wan and thin under the
si: i hardships of the campaign.
The world then will be shocked to
j-jj! learn that the third Japanese army, at
least, is giving most of its time and
the thought of its ablest minds in work
ing out the problem of how to keep
cool, how to evade the flies, and what
is the most effective method of repelling
the attack of the active and progressive
flea (a creature of surpassing enter
prise in these parts) also whether or
not a justly famous American brand of
rat poison is effective diet for bedbugs.
And there are many other problems of
a similar import.
mpi/ri
Fame Thru a Flytrap.
A well-known Japanese colonel, who
last year was making his name world
famous by his inventions for the an
noyance of the enemy and the demoral
ization of the watchers in the Russian
trenches, this year is giving much time
to perfecting devices for the comfort
of the home circle and the excluding
from it of the most undesirable of the
natives, animal and insect. A man in
the army has been renowned for a day
who has invented a flytrap whereby
the industrious operator can catch as
many as two pounds of flies in a sin
gle day if he devotes himself to the
task diligently.
War and rumors of war, even, have
come to form but a small part of our
daily life. The only news of a war
like' character reaches us with the ar
rival of the American mails, when we
read with bated breath of the great
forward movement about to begin last
month, or of the general action "now
going forward along the entire Japan
ese line
Civil Administrators Busy.
The only really and justifiably busy
people here are the Japanese civil ad
ministrators of the town, who have
been working miracles in local improve
ment. Whatever else may be the out
come of this war, one thing is certain
that this summer must mark an epoch
in the history of Manchurian social
development. From one end of this
country to the other are scattered Jap
anese soldiers. Every village for miles
around and well nigh every hous-5 in
every village has its quota of soldiers.
Thus the Chinese are-getting daily ob
ject lessons of Japanese and civilized
methods of doing things.
The soldiers have simply turned the
Chinese houses upside down in their
vigorous efforts to clean things up. In
dozens of the little compounds, where
two months ago there was nothing but
filth and bad smells, one sees today lit
tle Japanese gardens with neatly sand
ed paths and flower beds. Scarcely a
day but one meets soldiers passing thru
the streets carrying on their shoulders
small trees which they have dug up in
the neighborhood and are taking home
to plant in their gardens. The most
effective thing which has been done is
the new system of drains all over the
town and country, too. The streets have
all been lined on both sides with deep
ditches and at every important street
crossing culverts have been made, so
that the water shall not collect in any
one place. Now when it rains the
streets are drained off almost as quick
ly as are those in an American or Jap
anese city.
Reforms of All Sorts.
The civil administration, composed
of three Japanese officers and two non
commissioned offtcers? has entered into
the most comprehensive reforms of all
sorts. Hospitals have even been pro
jected and opened up for the use of
the Chinese. The results of all this
must be beneficial to a considerable
Continued on 2d Page, 5th Column.
LOSTliSlRATN
CHILD WAS DYING
Plight of James Houghton, an In
diana Man, in City of St.
Cloud.
Special to The Journal.
St. Cloud, Minn., Sept. 19.Stranded
in a strange town, lacking $2 of the
fare to Indiana, where his little child
was dying, yet with plenty of money
in the bank at home, was the sad plight
of a well-dressed man who accosted a
St. Cloud merchant for information.
The stranger, James Houghton, was
on his way from Butte., Mont., to his
home at Monticello, Ind., where his
7-year-old child lay dying or dead.
Tired from a long journey he fell
asleep on the train and was awakened
by tho brakeman's cry of what he
thought to be St. Paul, but which he
found, upon alighting, to be St. Cloud.
The train had pulled away before he
discovered his mistake, and, tho he
made a valiant effort to catch the rear
platform, he failed.
Stepping to the ticket office, he re
quested a ticket to Chicago, where he
was to meet his brother, but found,
when it came to paying for the precious
strip, that he lacked $2 of the required
amount. He telegraphed to Chicago
for money, but when the answer came
the banks were closed and an order
must be identified. In the deepest anx
iety as to the condition of his child,
he accosted one of the business men,
telling him of his mistake and the loss
of time it had already cost him.
The cashier of the bank was sent for
and money was advanced to Mr. Hough
ton, who left on the early morning
train, not knowing but what the loss
of twelve hours here might have pre
vented him from seeing his child before
it' died.
aft
Nuremberg, Germany, Sept. lfl.The first
game of the chess match between Dr. S. Tar
rasch of this citv and Frank .T. Marshall of^ss
Brooklyn was playw at the local chess club in
thiesr city yesterday -wl_s:as won by Tarrasch i
movM*
flfty
PRICE TWO CENTS. TUESDAY EVENINO,rlSEPTEMBER 19, 1905.
f:#:"::/
jjj CHABLES H. CABLING,
ii. Assistant Secretary of the Navy, Who
f: Will Probe Department.
8 1
WOMEN ATTAGK
ROOSEVELT IDEA
Would Turn President from Race
Suicide Theory by Appeal
Thru Wife.
New York Sun Special Service.
Pittsburg, Pa., Sept. 19.Pittsburg
philanthropic women1
60 BUILDINGS AT NOME
BURN LOSS IS $200,000
Seattle,' Sept. 19.Sixty buildings
were destroyed by fire atJfTome, Alas
ka, on the night of Sept. 13, causing a
loss estimated at close to $200,000.
The city hall, a small building, was
destroyed, but the records were saved.
It is reported that the big stores of
M. E. Atkinson and J. P. Parker were
destroyed. No loss of life is reported.
Details are meager.
PRINCE TO ARRIVE NOV. 2.
Washington, Sept. 19.The state de
partment has been informed that Prince
Louis of Battenberg will be in Washing
ton Nov. 2. The British North Atlantic
squadron under his command will lie in
the roads off Annapolis while the com
mander-in-chief and his staff officers
make the visit to this city. They will
be received by the president at the
White House with proper ceremonies,
but the details of the reception have
yet to be arranged.
%-X^/%4S^$-%%%-%-%%%^
vj-^'-c- !ij*""",
ElMIlMEMOMSPirOl
take exceptions to
President Roosevelt's race-suicide the
tory. Mrs. S. E. Lippincott, superin
tendent and secretary of the Society for
the Improvement of -the Poor, after
consultation with other members of the
society, has decided to write to Mrs.
Roosevelt asking her to persuade the
president to modify his position.
This determination became crystal
lized today when a woman who nad
been deserted by her husband, and is
penniless, applied for aid. She is the
mother of seventeen children, sevea of
whom are dead, "and happy." An
other is in the institution for the feeble
minded at Polk, Pa. Altho reduced to
extreme povery'by the desertion of her
husband, the woman wants to apply to
the president for a medal as an example
of his ideal wife and mother. M.rs.
Lippincott said:
"What with the wretchedness and
distress of these big families raised by
the shiftless poor, the equally large
families brought.by immigrants to this
country and the menace they are to our
nation and to society, I purpose writ
ing to Mrs. Roosevelt an appeal to her
womanhood against this indiscriminate
applauding of unwelcome conditions."
ARMYMDNAY Y
TO BE PROBED
President Directs Darling and Oli
ver to Look Into Waste in
Departments.
EXTRAVAGANCE AND
CORRUPTION SOUGHT
As Keep Commission Probed Civil
ian Departments, These Men
Will Probe Military..
New York Sun Special Service. ,-.*,_
Washington, Sept, 19.Having used
the probe with some success in. the ci
vilian departments, President Roosevelt
has now decided to apply it to the army
and navy.
It was learned today that a new
commission of investigation will be
named b.y the president. It will con
sist of Assistant. Secretary of the Navy
Darling and Assistant Secretary of
War Oliver. These officials will do for
the military branch of the government
what the Iteep commission is doing for
the civilian branch. They will fer
ret out any corruption that may exist
and institute reforms of administration
in order to do away with tho excessive
amount of red tape which now hampers
the prompt and economical execution
of business.
Waste and Extravagance.
The new commission will have an
onerous task. Those who know ahout
the methods prevailing in the army and
navy are aware that waste and extrava
gance exist to an extent that seems al
most incredible.
The naval estimates for the present
year, now being collected bv the sec
retary of the navy, aggregate almost
$130,000,000, and thru the implication of
the pruning knife will be reduced to
$100,000,000. If more economical meth
ods were observed than are in force to
day, it is the belief of competent
judges that expenditures for mainten
ance of the navy could be reduced to
$75,000,000 or $80,000,000 at least.
What is true of the navv is true of
the army. The general staff of tho
army has not brought about economy
in administration.
Case of "Too Many Cooks."
The trouble with the navy depart
ment, and only to a slightly less ex
tent in the war department, arises out
of the distribution of authority among
a number of bureaus.
The country is^not so much concerned
about the controversies which are a con
stant development among the bureaus,
as over the fact -that work is delayed
and therefore becomes more expensive
that there is duplication, triplication
and quadruplication of separate plants
within the navy yards, the effort of
each department being to obtain com
plete independence of the other.,
Duplicates Txgt Are Needless.
In one navy yarctffor example, tnere
are eight 'machirifr shops, five joiner
shops, five paint shop's, four pattern
shops, four tin shops,' four fuel-oil
plants, four testing libraries, three
electrical workshops, three copper
shops, thirty-two storehouses under sep
arate roofs, thirteen coalsheds and bins'
under separate roofs and fifty piles of
material not under cover.
Recently the power plants, of which
there were six at the yard referred to,
were consolidated, resulting in consid
erable economy. Apparently no step
has been taken to consolidate other
shops.
As the shops and portions of depart
ments are duplicated, it is a natural
consequence that the heads of depart
ments and departments themselves are
duplicated.
No system whatever is observed in
the matter of laying out the navy
Continued on 2d Page, 6th Column.
WHEN THE EDITOR SAID: "GOPHER-A-VACATION!"
!^mxv*::wa^^^
ROBERT S. OLIVER,
Assistant Secretary of War, Who Will
Investigate Department.
f/WMY*YJ(MV. ttttvtfO/iOXM:-^
PUBLIC MUST PAY
OIL FIGHT'S COST
Standard Oil Company Puts Up
Prices So as Not to Lose by
Kansas War.
New York Sun Special Service.
New York, Sept. 19.Following yes
terday's advance in retail prices, the
price of all grades of crude oil, excopt
raglan, was advanced again todav by
the Standard Oil company, making the
third advance in quotations in two
weeks. As usual, the higher grades of
oil were raised 3 cents and the lower
grades 2 cents.
The general Wall street explanation
of the increase is that the public is
able to pay the co3t of the great oil
fight in Kansas. At the office of the
Standard Oil company, it was said that
there was an increased demand for
oil abroad, owing to the reduction of
the output in the Baku district. There
has been a great falling off in Pennsyl
vania production, and it is the gradual
failure of these fields that led the Stan
dard to invade Kansas,
The Standard always puts up the
price of oil when the winter season ap
proaches and the demand for illumi
nating oil increases. The Standard Oil
company is expected to pay between 42
and 45 per cent in dividends during
the current year. At 45 per cent, Mr.
Eockefeller's income from his Standard
holdings will be $18,000,000.
D1Y0RGED FIVE TIMES,
I0WANTAKESWIFEN0.6 Sioux City, Iowa*, Sept. 19.After
five unsuccessful matrimonial ventures,
Dr. Oliver Fisher, a well-known physi
cian of Stern, Iowa, has made the at
tempt the sixth time by marrying Miss
Mina Norwood of Penver. All his
former wives are living, having secured
divorces.
He married his first wife, Ida Fisher,
twenty-five years ago, but shortly after
told secrets during a delirium while
having typhoid fever, that caused her
to part from him. Wife No. 2, Mary
Check, was married in 1883 in Iowa
City, out the two separated on the day
of the wedding. No. 3 was Mary
Blanche Williams, daughter of a farm
er, and No. 4 was Laura Eichmonds of
Leeds, who obtained a divorce after a
few years of married life.
Two years ago at Council Bluffs he
married Margaret Wilcox, but she
lived with him only a few months be
for going into the divorce courts.
FAIR TONIGHT AND WEDNESDAY SLIGHTLY COOLER TONIGHT PROBABLY LIGHT FROST IN LOW LANDS.-
WHirMRTLAWSON!
DID TO HEINZE
Author of "Frenzied Finance"
Gives His Version of Famous
Mining Stock Fight.:
He Played the Montana Man at
His Own Subtle Game
and Won.
Special to The Journal.
:ij| New York, Sept. 19.*What Lawson
i did to Heinze in the fight between
Standard Oil and the Montana copper
man, is the story told by Thomas W.
Lawson in Everybody's for October.
Mr. Heinze's story has been told, but
this is the first time Mr. Lawson's ver
sion in detail has been made public,
and it. makes sensational reading, as
sensational, almost, as anything Mr.
Lawson has done since he began Fren
zied~^nance.
The Boston financier opens the story
with a character sketch of the Mon
tana miner that would seem to call for
nothing Bhort of swords or pistols. He
paints the character of Heinze about
as deep a black as ever was painted.
Heinze's First Move.
According to Mr. Lawson, Heinze,
thru the "Apex" law of Montana and
the corruption of the Montana courte,
attempted to blackmail the Boston &
Montana and the Butte & Boston com
panies. The companies would not pay.
''Then," says Mr. Lawson, "began
that warfare which has astonished the
world for its fierceness, cruelty and de
struction of property, which has made
Montana justice a byword and dragged
her governmental institutions in the
mire. Because of it, the state has been
divided into two parties, and judges
and lawyers and state officers and
United States senators have been
bought and sold as openly as beer over
a Butte bar. Already the fighting has
cost the contending parties $12,000,000,
and, at writing, there seems little pros
pect of peace."
Offer of $5,000,000.
Standard Oil, says Mr. Lawson, tried
to buy Heinze off. I offered him $3,000,-
000, and then $5,000,000. But Heinze
held a sure hand, or thought he did,
and would not sell out for that amount
and quit. He had had a receiver ap
pointed for the Boston & Montana com
pany, and by selling ''short on the
stock market, had sent the stock of that
company tumbling. Panic seized the
"system." Something must be done.
Henry H. Rogers, master of Standard
Oil in the field, sent for Heinze and
argued long but futilely: then gave it
up. "Heinze," he said to Lawson after
ward, "is impossible" The next day
promised a panic in Boston & Montana.
The situation was desperate. Standard
Oil must step into the breach openly.
That was Mr. LawsOn's remedy. Mr.
Eogers refused. Of this refusal, Mr.
Lawson says:
"Standard Oil is a 'sure thing' oper
ator. It never enters a deal on even
terms. Its cards are always 'stacked,?
its dice 'cogged' and its boxes 'fixed.'
The truth is that Mr. Eogers and Mr.
Eockef eiler, with all their millions, jare
the veriest cravens in an open- stock
gamble."
Plays Heinze's Own Game.
They would not step into the breach
Mr. Lawson, seeing no other course,
then went to try his hand with Heinze.
He talked with the Montana man for
hours. Heinze, feeling sure of his hand,
not only refused to accept $3,000,000
that had been the price named before,
but put the price to $5,000,000 and
made that conditional. Carried away
by the sense of his power, Heinze final
ly delivered his ultimatum to Lawson
in these words:
"Whatever sum Eogers an'd I'agree
upon tonight, whether it is three mill
ion2 five or one hundred and five, I get
it in one way and no other. Eogers
and. Rockefeller sign a paper, which I
am to publish where I please, admit
ting that they came to me and begged
to settleyou understand, do'n-'t youf
begged me to settle, and, in addition,
they are to acknowledge that I am all
right and agree that I shall be presi
dent of the consolidated company."
Heinze Loses Millions.
Mr. Lawson was convinced that
Heinze was "impossibl e" by arty open
method of persuasion. He says that
he at once decided to play Heinze at
his own game. He did, and by a man
ipulation of the stock market the next
day, he put Heinze out of the game a
loser by several millions. The game
was played by Lawson's pretending to
turn traitor to Standard Oil atod join
hands with Heinze. He says the end,
in his eyes then, justified the means.
GIRL WIFE'S LIFE
LIKE MELODRAMA
Just Went Out to a Wedding, She
Told SpouseIt Was
Her Own.
I
Special to The Journal.
Butte, Mont., Sept. 19.Two weeks
ago the 20-year-old wife of George Mel
ville told her husband she was going
to attend the wedding of a friend. To
day it was discovered that she was the
bride and had married Harney North
ey, a young man living less than half
a mile' from her home.
Mrs. Melville had told Northey that
Melville was her uncle, and she did not
want him to know of her marriage for
while, as she feared he would cable
news to her mother, who, she said,
is an invalid in London.
So she went back and lived with
Melville for a week, then returned to
her younger husband and remained
with him until this morning when Mel
ville succeeded in finding her. She de
nied him and declared he was her uncle
and nothing more. Northey believes
her, notwithstanding the records of the'
court at Great Falls, which show that
she married Melville in August, 1901.
The'girl is strikingly handsome, and
four years ago was married to a man
named. Walbridge, who abused her and
was killed by her father near Phillips
burg, Mont., for which crime the fath
er, Carlisle Hunter, is serving a sen
tence in the state penitentiary. The
young woman has been arrested on a
charge of bigamy.
ILLINOIS.' OLDEST BANKER DEAD.
Bloomington, 111., Sept. 19.Joseph
Keenan, the oldest banker and former
mayor of Leroy, 111., and director of
Bloomington banks, died today. He leaves
extensive land holdings in central Illinois.
He was 77 years old. .T.
Beginning October 1
There will be a regular Sunday',
Morning Edition of
TOM5 The Journal.
PAGES-FIVE?- O'CLOCK.
*3*S8K
MUST GIYE RACK
CAMPAIGN MONEY
SS Ji*5
New York Life Men Who (Save
to Republicans Will BeAvJL
Sued.
Insurance Investigation's Interest
Now Centered in Political:
Contribution Scandal.
$ EICHAKD McCTTRDY,
if: President of the Mutual Life. Who Must
j Face Investigators.
1
New York Sun Special Service.
New York, Sept. 19.It is practi
cally certain that Julius Mayer, New
York state attorney general, will begin
action to compel restitution by those
officers of the New York Life who
caused the expenditure of $150,000 of
the company's funds as campaign con
tributions, and also ^to determine
whether or not the contributions consti
tute official misconduct on the part of
the managers of a- trust fund. This
was the substance of a statement made
by one close to the attorney general"
and well qualified to speak with full
authority.
I was reported today that the at
torney general had been informed that
the money so paid out would be re
stored to the insurance companies, but
that this would not necessarily prevent
him from taking any action he might
think proper.
Mayer Is Investigating.
In reply to the direct question as to r$
whether he would institute suit against
John A. McCall and George W. Perkins
for restitution of the $150,000 contrib
uted to the republican campaign fund,
Mr. Mayer said:
"The matter is one that is engaging
and will.continue to absorb my earnest
attention. eannot answer until I
have had an opportunity to investigate
the matter.''
One who may be said to speak with
as much authority for Mr. Mayer as he^j
could himself made the following state
ment:
"Should an action be broughtand
that it will be brought is practically lj
assuredit will have two objects. First,"
and of least significance, is the resti
Continued on 2d Page, 4th Column.
MINOT NATIONAL 1
CLOSES ITS DOORS*
Deposits Amounting to $115,000
Are Expected to Be Returned
in Full.
Special to The Journal.
Minot, N. D., Sept. 19.The Minot
National bank failed to open its doors
for business today, and a notice posted
on the door reads: "Closed pending
the action of the controller of the cur
rency.
For several weeks there have been
rumors that the bank was in financial
trouble, based on excessive and unreli
able loans. The announcement is made
semi-officially that the bank's reserve
is considerably below the statutory re
quirements, but there is something like
$16,000 credited to the reserve funds.
Some time ago, so report says, the
directors called President Erickson's
attention to the loans being made and
instructed him to be a little more pru
dent. Eeport says he continued mak
ing the objectionable loans, and about
a week ago A. F. Slocum, a director,
was made temporary president, presum
ably for a period pending the closing
of a deal by which Joseph Eoach and
others connected with the Second Na
tional bank were to get a controlling
interest in the Minot National.
It is thought that while this deal was
in progress it was discovered that the
bank's reserve was below the legal,
mark and the negotiations were held in
abeyance. Eumors of financial trouble
started a small run on the bank yester
day. This, in all probability, would
have developed into a rush today and
the. closing of the institution was
deemed prudent.
The last statement showed the bank's
deposit to be $115,000. It was capita
ized at $500,000. The chief stockhold
ers are J. A. and B. Erickson, Clarence
Parker, A. F. Slocum and David Lloyd.
The report of the closing of the
Minot National started a run by the
timid on the Second National and Union
National bank today. All depositors
were paid promptly. The belief pre
vails that the Minot National will pay
out dollar for dollar.
WOMEN IN SOBS BID
FAREWELL TO PASTOR
New York Sun Special Service. ''Aii
Chicago, Sept. 19.Surrounded by
hysterical women who threw their arms
around his neck and wept, Rev. Dr.
Myron W. Haj-nes of the Belden Ave
nue Baptist church said farewell to
Chicago last night, when he took a train
for Seattle at midnight as the finale of
a day of sensational developments in
the scandal in which he became en
meshed when the Central Passenger as
sociation put him on its blacklist for
alleged fraud in obtaining railroad tick
ets.
More than one hundred women wer*
in the crowd of 150 persons who at
tended a farewell reception to the pas
tor in the ehapel of the Belden Avenue
church., Almost every one of them
.wept.
a
a
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