Newspaper Page Text
i 'J V. fi!. -'I t*i W: t!-' I Early Shopping Will be the rule this week. In the morning is the time to get best results. Revolutionists Make Feverish Pre parations for Great Struggle. st. TODAY'S SPORTING NEWS WILL E POUND ON PAGE 10. w&j0MKB PRICE TWO CENTS. REDS IN RUSSIA GIRD FOR FINAL FIGHT FOR SWAY GENERAL STRIKE IS PLAN FOR WEDNESDAY tyluch. Depends Now on the StandNe'er-Do-Wells of the Russian Railroad Men* Petersburg, Deo. 18, 2:30 p.m. revolutionary organizations are making feverish preparations to fight the government's policy of repression. The now workmen 's council, represen tatives of other proletariat organiza tions, and also the League of Leagues, met secretly in the outskirts of St. Petersburg today and discussed ways and means until almost morning. The great majority of the members favored the immediate proclamation of the general strike which had been planned for January, but it was agreed that success depended on whether the railroad men would participate. It is understood that a tentative de cision was arrived at to strike on Wednesday, provided the central com mittee at "Moscow consents. Division In Ranks. There is a division of sentiment in the ranks of the railroad men, and [ho government has made a special ef fort to redress some of the grievances, dreading above all things a suspension of traffic on the railroads, which would make it impossible to transport troops. A railroad man said today: "We The ALL RUSSIA SHUDDERS TH E have had a majority of our demands i activity of the place. All the enormous granted besides,- the people in the small towns along the railroads were so enraged at the last strike that they are likely to kill any railroad man they can catch in the event of another Strike." However, the government's note practically notifying the railroad men that if they strike the authorities wiTT be unable to afford them protection, is regarded as grim warning that they will be abandoned to the mercies of the ''black hundred." and another note has been issued threatening them with "exceptional measures" if the legal means do not suffice. Adding to Flames. The revolutionary agitation is add ing to the flames. The Russ, which ap pears under the name of Motva ("Fame"), today, in a stirring edi torial, summons all the organizations to sink their differences and present a SHANGHAI, UNIQUE CITY OF ORIENT Stanley Washburn Tells of the Queer Life China's Wicked Port. solid front to the advancing hosts of here "east of the canal." So they reaction. The paper says "Witte is at last unmasked and has shown himself a worthy- successor of Von Plehve and Trepoff by tearing up the government's promises. But every blow of reaction is like the blows of B. hammer which welds firmer the sword with which the nation will win free- dom." fear of White Terror Overshadows Horror at Reds. St. Petersburg, Dec. 18.A shudder of horror has convulsed Russia. The government claims it has given battle only to the "red" revolution ists, but the populace generally believes that the "white terror" has returned. Already the leaders of the proletariat organization, who escaped capture Sat urday night at the Economic society, and even men of the rank of Professor iMilukoff, are in hiding from the police, who aro hunting them down. The government evidently expects a battle royal and has made its disposi tions accordingly. It fully understands that the proletariat will give blow for blow in answer to the wholesale ar rests. General Strike Ordered. The workmen's council and League of ^Leagues Saturday night issued a ^decla ration of a general strike to begin im mediately, and consequently by an im perial ukase published this morning, all governors general, governors and pre fects thruout the empire, who are cut dff by telegraph, are clothed with al most dictatorial powers, being author ized without consulting St. Petersburg, to declare a state of siege, and if neces sary, even martial law. As most of the provincial officers are reactionary officials of the old regime the advantage they will take of such power to terrorize the populace can be easily imagined. have recourse to the old methods of fighting the government. It is stated that the terrorist organization held a meeting early this morning. Witte's Life in Danger. Count Witte's life is considered to be in danger and the annex of the palace ,where ho is residing is heavily guarded. The government has chosen a desper ate moment to repress the proletariat drift along thru India, down thru the native states of the Malay, peninsula and with short stops at Singapore and Hongkong they lay up for their final collapse in Shanghai, where they meet shoals of their fellows lapping up bad whisky and soda at the bars of the various hotels according to the recent ness of the last allowances. These gen tlemen form a strong element in the community. In addition to the general strike, it is comes of from $50 to $100 a month are expected that the revolutionaries will able to spend twice that sum in a week The Business failures. It is fighting for its life in the Baltic ulative purposes, while their immediate region, where a revolt is admitted to be in full blast, with almost a practical cer tainty that if it cannot be crushed, its flames will spread to Poland. The na tive population of the ancient kingdom of Lithuania is made up of a hardy aid Jieadstrong people, who, having raised their obligations, they either kill them' the banner of revolt, will fight to tb bitter end. At Moscow the government is cm fronted with a muntiny of troops so seri ous that it. has been obliged to send a regiment of cavalry from St. Petersburg to aid in the suppression of tho muti neers. The government has succeeded in re storing cable communication abroad, but it is utterly unable to guarantee how Ions it will be able to Keep the cables in, operation. One Paper Appears. The Novoe Vremyea was the only paper, with the exception of the Official Messenger, to appear yesterday, and in the center of the first page is a half column of blank paper, showing where the censor had forbidden an article. The Novote Vremya seceded from the Publishers' union and was published under the protection of police and Cossacks. Atho practically all the ringleaders of the proletariat organization were ar rested Saturday night, the resourceful-' 'ness of the council of workmen was iproved by the fact that in less than ~iM\ hour a new council, the head of 'which is M. Lenient, editor of New 'Life, replaced the old and elected of jficers. The editors of the newspapers sus ipended for publishing the proletatriat Continued on 2d Page, 4th Column. Next we find' a large colony of al leged business men who have' failed to "make good" in all other quarters of the globe and who have come out to China to sell some one a gold brick. These two clesses form the matrix of the foreign unattached residents. Then we have the men who are actually at tached to real business houses with their home offices in the states. These are for the most part doing short sen tences and are respectable. Lastly, we have the Shanghai business man, who i is one of the most strenuous gentlemen I of his kind to be seen the world over. He speculates in shares, of which there are an enormous variety in Shanghai, and by dealing in which one may eas ily go broke. These brokers spend their time tearing up and down the Bund in their victorias drawn by China ponies. They always ride with one foot on the step in order to save time in getting in and out. At 11 o'clock every one be gins to drift toward the Shanghai club and by noon the bar is packed. By 2 o'clock the rush is over and only the dead remain, cached away on sofas here and there, where they have fallen after the battle. At 5 o'clock the rush be gins again and lasts until the small hours in the morning. Everybody in Shanghai drinks, mostly to excess. Beauties of the "Chit" System. Shanghai is the only place that_ I know.of where the young men with in on their establishments. Yet this seems to be the case. This remarkable way of living is fostered by the chit'' sys tem. Chits are small pads of paper on which one writes an I. O. U. for any commodity or service conceivable. Any man who has a job can sign chits at almost any bar, store or dive in Shang hai. The young men of the clerk class proceed then to do this with great, ef feet. Their ready cash is used for spec wants are met by the simple process of signing chits. If they are successful in their specu lations they pay their chits and all goes well. If they fail and are unable to beg, borrow or steal the means to meet WW)iWtr'*3?U* 'v'' ANTI-FOREIGN MOB KILLS IN SHANGHAI and Business Fail ures PlentifulAll Trades Have Odd Angles. Special Correspondence, Shanghai, Nov. 5.Shanghai is in a class all by itself. There are other cities that are more frivolous, perhaps there are cities that are as cosmopolitan there are cities where there is more crime* there are cities where there is more business activity and where there is more immorality, but there is no place in the world where all the elements mentioned are so remarkably blended together as they are in this city of the nations tucked away on the China coast. Everybody knows about Shanghai in a vague sort of a way. Most Amer icans Know that it is an important com mercial center on the other side of the globe, but many of our citizens have never investigated the subject any fur ther. For their benefit, be it" said that Shanghai is an international settle ment on the Hwangpu, a tidal water course, 'some fifteen miles from the Yel low sea at Woosung. Cummerically it is one of the greatest ports in the east. The American consul general, after pro found investigation, asserts that the value of the tonnage in and out of Shanghai in a year is almost equal to the entire foreign trade of the Japanese empire. This gives a fair idea of the trade that goes up the Yang-tse and that comes down that great artery from the interior of China passes in and out of Shanghai. Remittance Men Abound. Geographically, the Chinese city is almost at the end of the earth. JVCor ally, one can say without any hesita tion, it is at the end and in all the world has but one competitor for evil, and that is Port Said. The two are neck and neck for laurels of this descrip tion. Shanghai is the final bit of dead water to which the flotsam and jetsam of the stream of life seems to drift for the final stop in-utter stagnation. Here "remittance men" are thick. These unhappy creatures are black sheep, younger sons and other undesirable mem bers of well-to-do families who are al lowed so many pounds a quarter by. their loving friends on the sole condi tion that the cash is to be paid any 8 i selves or go to Chefoo or Tientsin, un til the trouble blows over, which it soon does, as there are so many others in the same boat. After a few months of precarious life about the China coast, back they come, and if they are unable to regain employment, they fall back into a semiloafing class, which helps to swell the already large popu lation of this kind. Queer Ways of Trading. The wealthy men of the place are mostly youngish fellows of the kind do scribed "who have prospered in their in vestments. These go in heavily for all! jl sorts of deals and speculations. Chi- jj nese concessions, promotion schemes and 'jsjj similar enterprises are created here to be sold at home with great advantage. Every week fortunes are made and lost and 'everybody, nearly, is happy and irresponsible. Shanghai is a remark able place. The methods of doing business are quaint, and, to the westerner, some what erratic. Every man who is con nected even in the most remote way with a business -deal comes in for a "squeeze" of some sort. I knew of a case last year where one man had' a boat to sell and another man who had learned the description of the i boatfor the names of the principals are withheld by the middlemen, lest the latter be 'cut out entirelywas Continue i on 2d Page, 5th Column. WR SERIOUS RIOT IN A CHINESE CITY Two Foreigners Killed and Many Wounded in Street Conflict. Yankee Warships on Their Way to ShanghaiNaval Forces Landed. Washington, Dec. 18.:The state de partment has news from Shanghai that a serious situation exists there. Two cablegrams received at the department over night state that trouble arose thru a strike and was increased by a dispute growing out of some cases being tried before the consular courts. Two' foreigners have been killed and many wounded. Naval forces, supposedly from the British squadron, are guarding the streets. Police stations have been burned. No Americans Ja&x& thus far been injured but th- dfneial statement was made that the situation is regarded as serious. Two American cruisers are now on their way to Shanghai. Looting by Mobs. London, Dec. 18.A dispatch to the Evening Standard from Shanghai says: During the rioting carriages and motor cars were smashed. Mobs are looting in several parts of the city. There are sounds of sharp fighting in the neigh borhood of the town hall and on the Shanking road, which bisects the cen tral district of the foreign settlement. KLINE WINS FROM BIG IRON COMPANY Verdict of $5,000 for Injury Caused Thru Fellow Employe's Carelessness Is Upheld. Washington, Dec. 18.In an opinion by Justice Holmes, the supreme court of the United States today upheld the validity of the Minnesota state law holding railroad companies responsible for injuries done to employees thru the carelessness of other employees. The case was that of the Minnesota Iron company vs. Mark M. Kline. Kline was the engineer of a,train on a road in St. Louis county, ow&ed by-the iron company and was injured thru the fail ure of a brakeman to set a switch. The 3'ury in the trial court brought in a ver tict for $5,000. The court however, took the case into its own hands, and ordered that the ver dict be set aside, on the ground that th state law awarding damages to the ser vants of corporations because of care1 lessness on the part of their fellow servants was unconstitutional. The state supreme court reversed this find ing and ordered that the verdict of the jury be carried into effect. That deci sion was affirmed today. JAN 4. CRANE CALLS MEETING Special to The Journal. Pierre. S. D., Deo. 18.Chairman Crane of the republican state commit tee, has issued a call for a meeting of the committee at Sioux Palls, Jan. 4, to discuss matters in connection with the coming campaign*. Life Insurance- school class. trtMfMMMMMtMrtfrrt/rM ,1 j&fc MONDAY EVENING, DECEMBER 18, 1905. GAMBLE SPLITS S.kMACHINE His Friends Are Making Common Cause with Insurgents in/ Struggle Now On. Prospective Slates of the Oppos ing FactionsMartin's Selec tion Offers a Puzzle. From a. Staff Correspondent. Sioux Palls, S. D., Dec. 1 8 Senator R. J. Gamble and his following among the "machine" republicans of South 'Dakota, have joined hands with the in surgent wing of the party, and will make common cause against Senator Kittridge, Congressman Burke andMar thi' and the machine itself. The fight ii^on now. The old battle between the*'ins" and "the "outs" is being fought with a. somewhat new alignment. Gamble, till .now as stal wart a machine man as the state held, finds himself rejected by the organiza tion and its approval put on the can'di dacy of Eben W. Martin. While a good many ^machine republicans will stand by him, the dictum of the powers that be "goes" with the great major ity, and Gamble must look outside the organization for help. The fortunes of war make him an'ally of the insur gents. He is with them in the coming contest, tho not of them. They wel come him as ati ally, understanding the relation, and the work of cementing the alliance is going-forward under the ac tive leadership8pf James D. Elliott of Tyndall, United States district attorney, who has himself been rejected by Sena tor Kittridge and the congressmen in favor of Albert C. Biernatzki of Salem, their recommendation for district attor ney. Elliott has been a power in the machine, one of the **big four," and if it had not beeW tot the break with Gamble he would have been favored by the whole delegation without a question. But he is a Gamble man, and must go unless the president sides with Gamble against the other three. He is in the state fight with his c#at off, and has al ready visited several counties to line up his friends and cheer, up the insurgents he used to fight. On'the other hand, former insurgents who are personal ad mirers of Congressman Martin are being detached and brought into the organiza tion ranks. It is a 'queer shift of the political alignment in South Dakota, and he would be a 'wise prophet who would foretell the outcome with accur acy. .-y-i-.. Convention will Choose. The state fight and the senatorial fight cannot be kep' separate. Both will come up in the next state conven tion, and in all probability the conven tion will vote its indorsement of either Gamble pr Martin for the senate. That vote is likely to settle it. tho not neces sarily binding on the legislature. There WillO^M^^^ an( th vove that decides dhfc senatership will decide the ma^e-uS off the state ticket and the-control of the siate machinery The principal places on th* machine slate will be filled as follows:' United States Senator-Eben W. Mar tin of Deadwood. Governor^Samuel H. Elrod of Clark CongressmenCharles H. Burke of Pierre and Judge A. W. Campbell of Aberdeen. The Gamble men and the insurgent followers of Coe I. Crawford will pre sent a counter slate about like this: United States SenatorRobert J. Gamble of Yankton. GovernorCoe I. Crawford of Hu ron. CougressmenPhilo Hall of Brook ings, Judge A. W. Campbell of Aber deen or L. H. Bentley of Milbank. The fight has come to an acute stage already on account of the trouble I Continued on 4th Page, 6th Column- REFORMED. -Oh, sir, you know I don't need that now. 4v i/^^jj^jjg& A PrtO Companies and Members of Com bine Are Fined $18,000 for Violating Law. One of the Members of the Com bine Turns State's Evi dence. S 3 1,Ve DRESSES FOR TRIAL AS FOR A DINNER BRICK TRUST OF CHICAGO YIELDS -$ .Chicago. Dec. 18.-The "brick trust" or Chicago made a complete surrender to State's Attorney Healy in court today and was fined an aggre gate of $18,000. The company and sev eral of its officials, together with two labor leaders, were indicted for con spiracy to do an illegal act, to prevent competition and to restrict the produc tion and sale of brick in the. Chicago market. The defendants in the case were George C. Prussing, president of the Illinois Brick company John H. Gray, sales agent for the same company Wil liam HV Weckler, superintendent of the company Edward J. Tomlins, sales agent for the Chicago Brick company John H. Shellhamher, sales agent tor the American Brick company- Patrick McMahon, business agent of the Brick, Sand. Lime and Terra Cotta Team sters' union Charles Hanks, business agent of the Brickmakers' union: the Illinois Brick company, Chicago Brick company and American Brick company. The indictments were procured at the instance of small dealers, who com plained ,to the grand jury that they were unable to secure supplies unless they complied with the demands of the combination of brickmakers. which practically controlled the output of brick in Chicago and vicinity. When the case was called in court this morning the attorneys for the de fense announced that William H. Weck ler, general superintendent of the Illi nois Brick company, had decided to turn state's evidence, and it was de sired that the punishment to be inflicted on the other nine defendants should be remitted in his case. State's Attorney Healy was willing that this action should be taken in Mr. Weckler's case, and the attorneys then entered pleas of guilty for all the other defendants. The court assessed fines of $2,000 in each case. The amount was paid at once. KILLED BY FALL FROM A SCAFFOLD balance and ground. He struck squarely on his head and when the other workmen reached ham he was unconscious. He writhed his death agony for a few moments and then breathed his last. Coroner Kist ler was summoned and after deciding that death was purely accidental he or dered tl\3 body removed to the county morgue. Cederlund was about 35 years old and lived with his family at 1025 Nicollet avenue. He is survived by a widow and two children. -i-.,r T- -lis tci t*" John Cederlund, a tiniraith employed on a new dwelling at Girard- and Doug las avenues, fell from the roof at noon today and was instantly killed. He was putting on a spouting and of all observers, she. was apparently was working on a narrow Bcaffold thirty the most disinterested of the specta- feet from the ground. He was work- tors. Only once or twice did she speak inff ranidlv in order to get a certain and then she leaned over her attor- tortio of the work done before din-1 aey's shoulder and with a smile made nerwhem in a moment of orgetf.ul-! some remark that evidently .had to do" ness he stepped too far back, lost his^ trh the fitness SSaW: ISlGRJC AHe MRS. BRENNAN IS AS CALM AS EVER Trial Which Means Life or Death to Her Began Today. Defense Is "Still an EnigmaThe State Holds Strong Evidence. I -S JURORS IN BRENNAN MUR- DER CASE Frank Maxwell, farmer, Orono, Lake Minnetonka. Mrs. Stella Brennan, accused of mur dering her three stepchildren, was placed on trial for her life before Judge H. D. Dickinson in courtroom No. 1 of the district court today. Prank Nantz, Samuel Chase and George Myers were appointed triers and the difficult task of securing a jury was begun' without delay. Twelve veniremen were exam ined and one juror accepted up to noon. With no more agitation than that shown by a young*woman dressing for a^ dinner party, the defendant, charged with committing one of the most heart less murders ever perpetrated in Min nesota, painstakingly arrayed herself for her appearance in court this morn ing. With her head held high and a shadow of a defiant smile on her pretty mouth, she walked into the big court room packed with spectators and took her-seat behind her lawyer at the trial table without a single tremor. The defendant was attended by Mrs. Mary Woodburn, matron of the county Jie,r 'ail in whose charge she has been since incarceration about a month ago. The matron occupied a seat immediately behind the prisoner and this will be her post thruout what promises to be a long and tedious trial. between the Minneapolis woman and the celebrated New York actress. The black hat and the long black veils worn by both women accentuate the similari ty in features and carriage. Mrs. Brennan wore a black skirt and shirtwaist and a dark blue jacket. The only ornament to relieve her se vere garb was a star pearl brooch at her throat. She wore her wedding ring and. a turquoise guard ring. The defendant sat during the morn ing session without a show" of weari ness or worry, and, altho the observed someregular fell headlong to the Je examination.of He feature were immobile, even when one juror venireman un admitted before he could be prevented that he believed the defendant guilty of murder. It is said that the defendant's nat ural nerve is supplemented by her re ligious faith. James Brennan, the de fendant's husband, is a devout church member, and for some time he has been endeavoring to convert his wife to his faith. Lately his efforts have seemed to be effective and her guards now say that Mrs. Brennan has a rosary which she uses night and morning as she says her prayers.- Cary Against Smith. County Attorney Al J. Smith is con ducting the state's case, while the de fendant's interests are in the hands of E. S. Cary. Prom the opening tac tics of counsel it seems that Mr. Gary's usual showy methods will be interfered with by Mr. Smith, whose bland smile looks like the kind that won't come .off, and his quiet politeness refuses to be ruffled by remarks of counsel. The examination of veniremen this morning proved that nearly everyone had read of the Brennan murder case, but that very few had vformed really decided opinions. Tho question of cap ital punishment was raised with sev eral of the prospective jurors and some interest was aroused when James M. Wallace stated positively that he would not find the defendant guilty of murder in the first degree, even if the evidence convinced him that she had killed Elizabeth Brennan, as charged in 51 the indictment, because he was nnal- 2! terably opposed to capital punishment. The venireman was excused by the court on a submitted challenge for im plied bias. Prank Maxwell, the only luror ac cepted up to noon, said he had read of the case, but had no opinion as to the guilt or innocence of the accused. He is a farmer of Scotch parentage and $ when he was passed by Mr. Cary, the county attorney quicklv accepted him. The filling of the pan41 will take sev eral days and a special venire, or per haps two, will be required to secure the "twelve good men and true." The indictment upon which Mrs. ig Brennan is now being tried, charges that on Nov. 4, 1905, in? her home at 162'2 Fifth avenue N the defendant wil fully and with premeditation shot and killed her stepdaughter, Elizabeth Brennan, aged 14. The defendant is accused in other indictments of killing two other stepchildren, a'n'd of danger ously wounding Tommie Brennan. The Surviving child of James Brennan will be the state's principal witness against his stepmother. The husband remains loyal to the wife. County Attorney Smith's case ap sis pears to be one of the strongest ever j' presented to a jury and his chain of cir :jj cumstantial evidence will be hard to 8 break. Mrs. Brennan's defense is an enigma. The defendant claims that she is innocent and that some would-be robber committed the triple murder. An '0 insanity plea is anticipated bv the state, but this they are prepared to controvert. BEOTHEBS DROWNED SKATING. Coldwater, Mich.. Dec. 18.Ralph and Ray Relyea. brothers, aged 10 and 12 years, were 0 drowned yesterday afternoon while skating on ji? the Coldwater river. The lads broke thru the i ice and their bodies clasped in each other's arms were found today. DEATH DENIES CHRISTMAS BOON. Chicago. Dec. 18.William E. Marches, 31 years, died on an Illinois Central train shortly before it reached the southernmlimits of th clt joined Mr. KOCkeieller S Sunday? and accompanied by his sister. Mrs. J. P. Balke and a nurse. Miss E. Owens, was returning to his home in Bacine, Wis. He did not expect to live muchhi longer antd had requestedtthat he w. vrrir.x *w vt vvrw/tvgi'fif.ff.vfVKvr'Vi taken to THVTW rxn hi* lni Cnrfntmse 'r, fc.^- \j, gfc\ j$~* 'i&x* ~*'j 1V yesterday. suffered fro consumptione WARMER TUESDAY. rt Sunday's Journal Will be a splendid Christmas vHO J-TYj. edi ion, an ideal paper for the franday before Christmas. 16 PAGESFIVE O'CLOCK. CHICAGO BANKERS TO THE RESCUE OF WALSH CONCERNS Clearing House Banks Step In and Guarantee Against Bank Failure. $8 THREE FINANCIAL CONCERNS IN STRAITS Chicago National, Home Savings Bank and Equitable Trust Co. Have Trouble. Looks Like Nan Patterson. "Why she is the Nan* Patterson of Minneapolis,'' remarked one of the spectators as Mrs. Brennan came into the court room. The aptness of the re mark was acknowledged and more than one person commented upon the likeness National bank had resigned a'n'd their CHICAGO NATIONAL BANK NOT CLOSED Chicago, Dec. 18.The following statement was issued by Controller Ridgely at 11:45 a.m. today: "A misunderstanding seems to exist as to what has happened to the Chicago National bank. This bank has not failed or closed its doors. It has been embarrassed by the investment of a large amount of its assets in unavailable secur ities, but the banks of Chicago have come to the relief and have guar anteed the payment in full, on de mand, of the creditors of the Chi cago National bank. The bank is open for business as usual today, with these guarantees behind It that it will meet all its obligations and pay every dollar at once. "William B. Ridgely, "Controller of the Currency." Chicago, Dec. 18*Action has been taken by the controller of the currency, William B. Ridgely which has removed John B. Walsh from control of three large financial institutionsthe Chi-'' cago National bank, the Home Savings bank, and the Equitable Trust com-, pany. Co-operating with Mr. Ridgely, the other national banks of this city have come to the rescue, and it is declared on the authority of the clearing house association, the controller and also by the officers of the Chicago National bank, that not a single depositor will lose a cent. At noon it was announced that all the officers and directors of the Chicago places taken by men selected by the clearing house association. President Walsh's place -nas taken by Bank Ex aminer CT H. Bosworth and the places of the retiring directors were taken by the following: J. B. Forgan, president of the First National bank Orson B. Smith, presi dent Merchants Loan & Trust company James H. Eckles, president of the Com mercial National bank Byron L. Smith, president of the Northern Trust com pany C. K. G. Bfllings and C. H. Bt worth. -Np.successor to Vice President Blount was elected. The. officials named above will /wm- pose a syndicate which will liquidate affairs of the bank, and pay all claims against it, and the Home Savings bank and the Equitable Trust company. Walsh Aids in Work. 4. In order to make secure as far as S[r. ossible all claims against the bank, Walsh turned over today to the officials of the clearing house, who are operating the two banks, all of hii property. Mrs. Walsh also made ovei to the clearing house all the property standing in her name. It is expected that there will be enough of this tc make the amount to be paid out by the other banks of the city comparatively small, when the accounts are fully bal anced. The difficulties of the three banks, which are practically branches of th same institution, are attributed by the controller of the currency to the large loans made by the Chicago National bank to the railroad, coal mining, and otherprivate enterprises controlled by Mr. Walsh. Warned by Ridgely. Some time ago the controller called the attention or the officers of the bank to the fact that they were making loans to these enterprises of Mr. Walsh which, in his opinion, were too large for the safety of the institution. Repeated promises were made that tne situation would be rectified, but no action satisfactory to the controller was taken. Three days ago he came to Chicago for the purpose of making an investiga tion into the affairs of the three banks, and found them in such a condition that he judged immediate action to be neces sary. Some trifling delay had ensued be cause of the inability of Mr. Ridgely to meet the officers of the bank and1 officials of the state auditor's office. The fact that the Home Savings bank and the Equitable Trust company are under state supervision made the pres ence of the latter official necessary. Other Bankers Called In, 1. Officials of the different Chicago" bankB were told of the situation and a hurried call was sent out for a meet ing of representatives of the Chicago JJ. Clearing-House association as well as 'Jjj the officers of the city banks. ,& The meeting was called to order in the office of President Forgan of the i First National bank at 3 o'clock yes- .Jj terday afternoon and was in contmu ous' session until 5 o'clock this morning. A careful canvass of the situation -f revealed that the Chicago National bank had deposits to the amount of $16,000,000 the Home Savings bank had savings deposits to the extent of $4,000,000, divided among about 8,000 depositors. Owed $26,000,000. The liabilities of the two banks and of the Equitable Trust company were roughly estimated at $26,000,000. The assets of the three institutions made up about $20,000,000 of this amount, and the directors and officials of the Chicago National bank came to the front with securities amounting to about $3,000,000 more. This left a deficit *of about $3,000,000 to be faced, and the Chicago banks represented at the meeting declared at once that they would meet the situa tion and care for the deficit. If it proved necessary to advance any more than $3,000,000 to meet all demands, the banks pledged themselves to make up the amount, whatever it might be. Must Meet Crisis. The great difficulty confronting the bankers in the meeting was to arrange a legal settlement of the case in the pitifully short time at their disposal before the hour of commencing busi ness this morning. It was finally ar- Contimied on 2d Page. 2d Column.