jSQ- 78. weather today oioudy; wannor. SALT LAKE CITY, UTAH, TUESDAY MORNING, .DECEMBER 31, 1907. ' 12 PAES-VE CENTS
pillEIT LOSES
j I JiS EASES
i Sweeping Decision Judge
St tjxwis of li. S. District Court
I' Dismisses Indictment.
4 WliUiED WHOLE THEORY
$ I OF PROSECUTION IS WROXti
lot Criminal to Agree in Atl
iM Vance of Entry to .Sell to .
g I Corporations.
$1
I
$ 1DE.NTI3B. Dec 30. In uiioiher
1y ttcpinjl clfVi::ion Judge Poberl E.
tLc ynit,'d States District
3i Brt,'itu3av r0 fl"tccu defendants
! bthcobsrec of illegally acquiring coal
m Sjrlsin ( ciorajo imdur the dummy fen
a! jjja f5if i.i, ard said tliaL the whole
aj, (jrv , .. . ': i ho Government has
& Jerked in :-r ,reutuns is wioug.
1,5 f AJ tfl' i-;u; .'itnta -in laud cases
; fcwO" - 1 -l rrl grand jury lst,
otf Same1 'V,.' ono have now been
v 'Uii: hv Ji age Lewis. The indic'le'd
j?nwu: u'U-acl from prosocut ion by
V1' J'twi s decision today are:
jSfjiiane; W. llabcrbeck, Magdalena
Bslicrbc1.. fustave Haberbcck, Charles
ail Utos . vna Dodge. Louis M. Bum-.
" Vrsnk T. Fay. William Baor, Arte
3 kciUi of M. Louis. F. W. Kcitel and
Oils B. bncin'or of Denver; Charles li.
Sprr, William Morrison, .lames Morri
V n. F-i-nV Eldredgc, George Coo
i'rankhu and Benjamin N. Freeman of
jirai!; Walter S. h'icc, Routt count. vr
t", Colorado, and Hobort Forrester of Salt
Ui jf'Ttc opinion of the court was founded
my r. ilm oa.r of th" St. Louis people v.ho
ipe members of a company known as
jjjbc Yampa ( oal company, and were
"lh;ccil with obtaining 5000 acres of
wllisi! in Jioutt count', valued at
v K Not Criminal Agreement.
El " Judcc Lewis hid I hat there is 110
9 jstf which makes it criminal for a. cili
15 t?n to ncreo in advance of an entry of
-(r lo 'bcrs, whether in
9 Mivi(foa!i or corporations, the land that
, piaigM acquire by purcliaso. JTc said
at Jibat itction 5-14U. relating to con
si iipiracy, was inapplicable lo those cases,
a Jj$ it deal, onlv with pension matters
-lard . not. with land transactions. Tho
9 Tfaa ifil ngulaiions of the land office
E IR.aiCot.bi iia if the basis ofva 'crime,
A Wutyc Tjcv. "s sai'l.
1 Si lo the coal laud act, the court
v3 mi:
H "When it was passed, little was
'jknoHD of the locality and extent of
j"J AojI mrasures in this Western country;
Uti if wo were permitted in this case
1 it seek for a policy in that act, we
! jffwill f'1-'' that the predominant ono
U vjas tn innate tho discovery and develJ
'if, wint of such deposits."
s rke court i,tH' tl,at tu0 firsh C01nt i
Ms Ukud"r'i' its did not slate an offe;ise,
uti ni.iMil t' e second count also, hold
1 leg that tuc aflidavits,- etc., alleged lo
iS.E.Pjrt of the conspiracy were not rc
Hj cci:c3 by statute
Apper.1 Will Be Taken.
-,KErc.'t lv.aphrl, Assistant Afctornev
rt toea). ;U,i :hat the cases would all
let J?. taken to the t'uited States Supreme.
UP Wonn by v.-rit; of error and would bo cn-
C n dc,t:kel; tllcro wtiliin thirty
1 dfoision of Judgo Lewis." said
KnaPDd, "will have no bearing on
r.fi m equity suits alr'eadv filed bv the
-jff JfiWrarnent or ihoso Av'hich will" here
UV'e fi,c1 to vacate patents to coal
$ tVlmhT- lar,'ls obtained by corpora
5' E ania oU-lcrs "'rough process of
""""P'M to entries, ap-
Tel ?iyV" l!l(',r 0OTI names, but really
W ;l?Libc ,JC,1cht of the corporations or
!2wf ?CTms buying them. Judge
Sffl Ws1tM H not, n criminal
J '!2 Vs cwston acknowledges
' SrM th,lold ng of tho Supreme
$ S?fud! ect thnt il is an or,uit-
k' ?tfcf-umc",1 aR?n,s will continuo 3n
li rag S.i?lh0 :ilIce(1 laud kauris, it
S r?SSlaIlyr annou,,ccd. Ulltil orders
& W nZ&W. Washington calling a
S Vo LV0'000 .ycr of land are m-
; I ' anfl their vah,c runs iuto
'l&Vr!??0 indictmen that remains
Hi n a .caso -against Bobcrt For-
5 rffl-K?? Ja.mcs Morrison. They
11 fe"iS?r? " charges, and Judge
IS! &loK'VC5 n dlffcrunL prh"
ft Wicr!" ShS- ,r SP,c,ctcd under tho
't additional homestead entry.
gl SB8STBr' talks OP
,f (j QUA3EED INDICTMENTS.
'i gl!?n,lI',0rrPf le-r is .a n,i,,i en-
S'ea,i,d WoJogial of Salt Lake. "1
Honda J ,-l,dlclJ'"t affair, bv said
SS" :on!t L""',1." w.e" ashed about the
'Pven Enf dlDRS Colorado. "Tho
0 CeiM?1 alPei! the case to the
t'l fMr p tlone ln nmiilar cases."
Jj ta,;t "C,5t-or.,7-8 ci,;i.,,' 'n tho in-
3 Fb in hn ,lsl ,hlm )vth b,,-vi"P coal
fent i .1 i0,ullycslrn Colorado wftli in-
?h? St! .eln,u'1 11,0 Government anil of
Out; ,'Jart ,f a criminal conspiracy
I :C -,T lJ?,ovi.riiuionl. lie was also
--5 tat tn r l 1 uayng procured fraudu
att "t s ,n fbo coal lands it, quct:-f-l
'rovpn ..r 0ern'neiIC ttemilefl to
&4'$ 11 fill- nn m' Porr,cs1ter secured parties
inontui0' H,e coaI lands, and a fow
-4tot fnr i?Cr ? rchn-Pd Ike lands, acting
H'-VoiS J n,n;fiIf. bt 'r a Colorado coal
Ln, V ,ir- Forrester proved lhac
!!3 ntrioi no1 "OK to do with the original
AA "ffi i,:i(l'- rou 11,0 ,amls a,Hl that ho
trc li, I f.or ''is own use at $20 an
W3 P'tJ 10 bo'" al)0",' J000 acres.
f!!vVy ,1 havo novor been
55 "1 "is T Sin1 "'"ol. be for soma years
oD Any ,;,, lV,a btg operating com
rit" ; " 3l,u Mr. Forrester.
SAFE ANO SOUND 1
II SRTEJ PANIC
New Year Will Open With Con
ditions Better Than One
Year Ago.
COUNTRY HAS WELL
STOOD STRESS AND STRAIN
Lesson of Dangers of Over-Spee-"
illation Learned and Taken
Close lo Heart. .
NEW YORK. Dec. 30. The year J907
will go down with 1S57, ISTo and JS03
as one of the punic years in American
titiancc. but despite iho remarkable
stress and strain to which the linaneial
Htructuro has been subjected, the year
closes v. i t h conditions stronger and
safer than they were when the year be-
gJ,i)- . . i
Tho year opened with the feeling in !
conservative quarters that speculation
had already been carried to an unwar
ranted height and that prudence was
imposed bv conditions upon bankers
and capitalists. That this feeling oper
ated to some extent throughout tho year
and that there was a scarcity of cap
ital for absorbing new securities, was
indicated by tho diminished transac
tions in siocks and bonds on the New
York stock exchange.
The source' of tho pressure upon the
money market is indicated by the large
issues of securities which took place
during several years prior to the crisis.
Statistics compiled bv a leading finan
cial journal in Brussefs, showed that the
total issues throughout the world aver
aged for the fivo years ending -with
lUOG about 3,400,000,000 annual!-. In
tho United States issues of slocks for
the first eleven months of 100" were
$7o7,.";"i9,fi00. and of bonds and notes
$.1,073,000,000, making up to total of
$1,831,340,000.
Capital Much Strained.
The extent to which capital resources
had boon strained was not revealed in
a striking manner to the general pub
lic until "the silent panic' of March
14, now almost overshadowed by later
events, but at the time one of tho most
serious and remarkable breaks which
the market ever suffered. The loss of
10 points in Amalgamated Copper in a
single day, 21 points in American
Smelting, 22 in iicadidg and 23 in
Union Pacific, added to considerable
previous declines at a slower rate,
wiped out margins, compelled calling
of- loans and wrecked tho fortunes' ot!
many speculators. The market recov
ered only slowly during the spring and
early summer, to suffer new reactions in
August: but it was not until mid-October
that the storm broke in all its force
with the collapse of tho corner in Unit
ed Copper, the appeal of the Morse
lieiuzo banks lo the clearing house for
help and the refusal to extend such help
until Iho old control was eliminated.
Made History Quickly.
Events moved fast on tho heels of
these Tovelalions. The Knickerbocker
Trust company was closed Octolicv 22
after paying out about .$8,000,000 in
.cash; runs were begun on other banks
and trust. companies; practically all tho
New York banks suspended cash pay
ments; clearing-house certificates were
issued; foreign exchange fell and gold
imports began. Secretary Cortelyou
made heavy deposits of Government
funds and announced his plau for draw
ing money from the hoards and per
mitting an increase in banknote circu
lation by the offer to Iho public of
$50,000,000 in 2 per cent Panama canal
bonds and $100,000,000 in one-3ear cer
tificates bearing interest at 3 per cent.
Thi3 announcement, accompanied by a
vigorous letter from President. Roose
velt, did much, in the opinion of many
bankers, to stay the panic, so that
eventually it was necessary to issuo
only, about. $25,000,000 of tho bonds
and $13,000,000 of the certificates.
The situation improved slowly, and
tho deficiencv in New York bank re
serves was reduced progressively ench
weelc, until it stood on December 2S at
only $20,170,350.
National Banks Stood Up.
Tho national banks have stood tip
under the pressure much better than in
tho early 6tages of tho crisis of 1S93.
The suspensions at that time were about
100 in the three months of June, July
and August, although eighty-four banks
afterward resumed ousinoss. The num
ber of national bank suspensions hardly
equaled a dozen during the recent panic,
the most important being that of the
National Bank of Commerce of Kansas
City. The normanent effect upon the
national banking system of the scarcity
of capital and collapse of various bum
ness enterprises has not yet been re
vealed, but there are no indications that
it will bo so severe as after the panic
of IS93.
On November 1, 1907, the total bank
circulation was $009,OSO,-l(i6. The meas
ures then taken by Secretary Cortelyou
to promote circulation in order lo tide
over the monetary stringoucy resulted
in ail increase of about $75,0y0,000 dur
ing the next seven weeks, so that the
circulation stood on December 21, 1907,
at $083,705,023.
Accompanying the increaso of bank
note circulation, in order to meet the
pressure for currency, was the, dramatic
movement of nearly '$100,000,000 in gold
from Europe within a period of about
six weeks. The oOicial figures of the
Treasury showed imports of gold for
tho month of November amounting to
$03,403,030", which wore ' more than
twice tho total importations for the
preceding ten months. The remainder
came early in December. This enor
mous movement of gold was facilitated
by tho sharp arrest of imports of lux
uries and a combined ofi"ort by produc
ers, railways and bankers to ship
promptly to Europe the large crops of
cotton, wheat and other farm products
of the autumn season, Imports of mer
chandise, which had boon aa much as
$12f,S0G,0'l3. in August, fell to an aver
age of about $109,000,000 for the next
three months, ending with $110,789,109
Continued on Page Two.
I What An Independent Smelter Would Mean. I
i . I
I fv enN&OTWNES SHUTDOWN -"'5 - J
ov" i
i in in
Robbery Now Appears to Have
Been Motive for Mys
terious Crime.
KTjVi' TORK. .Dec. 30. Some light was
thrown today on the mystery surround
ing the death of the woman whose nudo
body was found last Thursday half hid
den, In tho muddy ooze of a pond near
Harrison, X. J., when Mrs. Frank Hull of
this city wont to the Newark morguo
and declared posl lively that, tho dead
woman was Mrs. Agnes Young, who
formerly lived with her, and later with
a Mvs. Kins In Brooklyn- The police
believe that Mrs. Hull's Identification Is
correct. Mi.-. Hull said she wont In
Jersey City with Airs. Young on Christ
mas day. Following luncheon she parted
with her companion, who. she under
stood, was E0I115 lo Newark to Join a
party. .
When Mrs. Hull learned of the murder
through tho newspapers and .saw that the
description ot Lhe dead woman seemed
lo fit her friend, she Informed the po
lice that who believed that the murdered
woman was Mrs. Young-, who had been
employed at one time as a stenographer
and typewriter in a West Side hotel
She said that Mrs. Young was the wlto
of an engineer, but that she had not
lived with her husband for several years.
In company with tho detectives Mrs,
Hull went to the Newark morguo and
:ifter vlowlnc tho body, said there was
no doubt of Its identity. Mrs. Hull said
that- when they left Mrs. King's homo
on Christmas morning. Mrs. Young had
3300 in her purse and wore a diamond
ling. On their arrival at Jersey Clty
thev wore met by a man, .whom she
mimed, with whom they had luncheon.
When the luncheon party broke up Mrs.
Hull returned to thlH city.
PROBING DEEPER INTO
CHARGES OP B0NFILS
DENVER, Dec. SO In tho trial of Fred
C. Bonflls. one of tho proprietors of the
Denver Post, on the chargo of assault and
buttery upon Thomas M. Patterson, prin
cipal owner of the Rocky Mountain News
and th' Denver Times, Justice of tho
Peace Thomas Carlon decided, after ar
i 'union I today, to hear evidence as to
tho truth or falsity of tho published
charges which. Mr. Bontlls contends. Jus
tified the assault. His objection lining
overruled, Mr, Patterson named two men
who he said, furnished the Information
upon which were based the articles in tho
News and Times. In which it was allognd
that Mr. Bonllls had attempted to black
mall the promoters of the Colorado In
dustrial Exposition company. Mr. Pat
terson was the only witness today and
the hearing was adjourned until Thursday
next-
COURT UPHOLDS OMAHA'S
"BLUB" SUNDAY LAW
OMAHA. Dec. :i0. The Douglas county
District court this morning upheld the
Omaha "blue laws" ay being entirely con
stitutional and In future the Sunday clos
ing law will be enforced strictly. j
Tho case camo lo the District court on I
appeal from the Justice court, which
impoHCd a tine on a nurbcr ns u test case
The case will bu taken to the .Supremo
Court.
In tho meantime, complaints hnvu been
tiled against more than :"00 Individuals
for working on Sunday, These warrants
will bo served at once and tho cauca
brought In the Municipal court.
Arthur G. Stanwood Dios.
BOSTON. Dec. :i0 Arthur O. Stan
wood, assistant treasurer or the Chicago,
Burlington & Qulnuy railroad system, died
at his home here today.
Index to Today's Tribune
lnrrfSMIII'
h r
Departments. Page. 4-
4- Editorial 4 4-
r Society-.. . 5--j-
Mines U
I- Markets 7
r Intcnnountaln 0 v
v Domestic. -I
! Government loses Colorado conl r
4 hind fraud cases 1 !
j- Governor Sparks calls extra scs- -r
J sosslon of Nevada Legislature -
to meet January It I 4
v Secretary Taft Is hailed as next
-j- President In Boston 1
r Country's financial condition !
I- sounder than a year ago 1 -i-
Rev. Jere 1C Cooke, who eloped
I- with heiress, deserting wife. 4
4 talks of his Hn 3
! Discovery of manuscripts al- 4
1 leged to add to sayings of 4-
4- Christ, made public 10 4
.j. : .j.
4 Local. 41
4 Work will bo started January G 4
4 on tho new Harrlman depot. .12 4
4- Witness at Vance preliminary 4
4 homing testifies she saw man 4
4- kicking prostrate woman at. 4-
4- homo of defendant 12 4-
4- Pitiable plight of Louis Herman, 4-
4 who stole to aid his starving 4
family 12 4.
Council holds a short and sweet 4
4 session 12 ,4
4- Salt Lake will observe New . 4-
4. Year's eve with befitting fes- 4
4- 11 vl ties 2 4-
y .J.
4 Sporting. News. 4j
4 "Tad" Jones. Yale'o crack catch-
4 cr, turns down two offers to 4
4 play National loaguo baseball.. 10 4-
4- Manager Halpln of American 4
4 Olympic athletic team, throws 4
some light upon unjust pro- 4-
4 tests JO 4-
4. Salt Lnko Gun club elects an- 4-
4- nual officers and sets May 21, 4.
4. VI and 23 for tho Idaho-Utah 4.
4 championship shoot 10 4-
4 4
44444-4,44'4r 4v rv4,4"I,4i I"!1 IMr444 i
FIRST WIFE POSSESSES
NO INTEREST IN ESTATE
CHICAGO, Dec. 30. Judgo Barnes
of tho Suporior court held today that
Mary McDonald, tho first wile of
Michael C. McDonald, the sporting man
and former Democratic, politician, now
deceased, has no interest in his estate.
The court also held that the trustees
should not bo enjoined from turning
over her dower to the second wife, Dora
McDonald, who is to bo arraigned for
trial tomorrow for the shooting of
Webstor S. Gitcnu.
SOFT GROUND DELAYS
THE WORK OF RESCUE
ELY, Nov.. Dee, 30. Rescue work on
the Alpha shaft is going on slowly owing
to the nofl ground. About ton foot of
earth aro being removed each day, and
ovor 100 feet are yet to b taken out bo
foro the 1000-foot level Is reached. The
Imprisoned men aro In good spirits and
are talking encouragingly to their rescu
ers over the phone.
j Insane Woman a Suicido.
I CHIPPEWA FATjLS, Wis., Doc. 30.
In tho presence of a large number of
persons, Mrs. William McGown threw
I herself in front of a passenger train nt
I Wostficld yesterday and .was ground to
I death. Her husband made an unsuccess
ful attempt to rescue tho woman. Mrs.
McGown had boon in a hospital for the
inhnnc and had been permitted to go
home for the holidays.
Sickness Cause of Suicido.
HUFRALO, Dec. 30. George Wcrnor,
aged 07 3cars. of the George Werner
& Son' carriage repository, was found
dead in Hs office today, having commit
ted fiiiicidc by inhaling illuminating
gas. Ill health is ivun as tho cause.
FAKE BURIAL STORY .
PROVED Jl IE FALSE s
Grave of Thomas Charles I) nice
Opened and Human Body
Discovered.
1 .
I LONDOxV, Dec. 30. The body of
Thomas Charles Drucc. in High Gato
conictcry was e;chumcd this morning,
just forty-three years to a day after
its burial. The ooft'in was found to con
tain the remains of a human body, thus
exploding Iho romantic talc told by
Jtobert C. Caldwell and others who
swore during tho recent hearing of the
Drucc perjury case that it contained a
roll of lead.
Tho official statement given out by
representatives of the homo office and
others who wcro officially present at
the exhumation, not only definitely dis
poses of tho lead myth, but scorns ef
fectively to prove that the bod;: buriod
in 1S01 was acutally that, of T. C.
Druce. The authorized statement fol
lows: ."The coffin was opened and found to
contain tho body ot an aged, bearded
man; the jdate on the coffin bore the
name, 'Thomas Charles Druce.'
Remarkable Scene.
The scene at High Gate cemetery this
morning when the vault was opened was
remarkable. Constables seemed to
spring from everywhere: every bush
and every tree apparently hid an olfi
ccr of the law. All the .entrances to
the cemetery wore surrounded by cor
dons of police. Ouly those persons who
had passes from the home office were
admitted to the grounds. Georgo ITol
lamby Druce, who claims he is the
rightful heir to tho Portland dukedom
and to its vast estate, tried twice to
get into the cemefcry. but was met
with a stern refusal.
The operations began at. daybreak
with tho removal of the topmost cof
fins in the vault, containing the bodies
of the wife aad son of T. ('. Druce. It
was nearly 11:30 beforo tho cou"in, the
contents of which havo arousod the
curiosity of the whole world, was
brought up ready for opening and in
spection. The top was quickly un
screwed and tho inner casing of lead
cut open. There was no need for tho
dictum of the eminent surgeon, August
us Pepper, who was appointed by the
home office to carry out the exhuma
tion, to assure all present that human
remains lay in tho coffin.
right of Ton Years.
The Druce vault has thus given up
its secret after ten years of legal pro
ceedings which have cost, all told, a
considerable fortune. A large part; of
this money was obtained from servant
girls and other workers, who were in
duced to buy shares in a company
formed lo prosecute the claims of
Georgo Hollamby Druce against, tho es
tate of the Duke of Portland.
Tho charge of perjury againHl, Her
bert Druce is effectively disposed -of.
Thoso pcrsous who havo sworn to the
placing of lead instead of a humau
body in the coffin have been discredit
ed, and they probably will havo to lake
the consequence, of their acts.
So .far as the public is. concerned, the
entire long drawn out Druce-Duke of
Portland controversy is at an ond and
tho case of lh claimant, George Hol
lamby Druce, has fallen to tho ground.
Despite the (hiding of the body,
George II. Drucc says that he is'dolor-
Coutinued ou Page Two
Governor of Nevada Takes This
Means of Retaining the
Troops in Goldiield.
OBJECT IS SOLUTION
OF THE LABOR TROUBLES
Lawmakers Ordered to Convene
at Carson City, Jan. M,
for Instructions.
CARSON, Nov.. Dec. 30. Governor
Sparks has called an extra session of the
Nevada legislature, to convene January
It, 1P0S. Por the last twenty-four hours
the governor has been deluged with dis
patches from all over the state and many
places outside Nevada, urging the call
ing of the extra session to settle labor
troubles.
Following is the full text of the docu
ment: "Slate of Nevada.
"Proclamation by the Governor: .
"To the Honorable Members of the Twenty-third
Session of the Legislature of
tho State of Nevada:
"Gentlemen The constitution of the
state, article four, section IX., provides
that tho governor may, on extraordinary
occasions, convene tho legislature by
proclamation, and shall state to both
houses, when organized, the purpose for
which they havo been convened, and the
legislature shall transact no legislative
business other than tpat for which they
were specially conveyed, or such other
legislative business as the governor may
call to the attention of lhe leglalalurc,
while in session.
Ecason for the Call.
"Believing that an extraordinary oc
casion now exists and one which the
legislature, being a co-ordinate branch
of the state government, Is best prepared
to solve. It becomes my duty, by procla
mation to convene the legislature at Car
son City. Nov.. on tho Hth day of Jan
uary. A. D. HH)S. Thhi request has been
made by many citizens, the object being j
to adjust by legislation, if possible, tho
controversy existing between the miners
and mine owners at Goldflcld, this state.
Such legislation should bo general ln
character and impartially applicable for
tho restoration and preservation of law
and order.
"Under the constitution, as abovo cited,
the governor shall state to both houses,
when organised, tho purpose for which
they have been convened. "When that
time arrives, I will endeavor to outline
lo you the necessary legislation required,
and will give hearty co-opcratlon to tho
attempt to secure to every citizen of Ne
vada, his just rights, freely to bo ex
ercised undor the law.
"In witness . whereof. J have heieunto
.vet my hand and caused the great seal
of the statu to be afllxcd.
"Done at Carnon City, state of Nevada,
this 30th day of December. A. D. 1007.
"JOHN SPARKS. Governor.
Attest: r. G. Douglas. Secretary of
Slate."
. Two Companies Enough.
GOLDFIELtf. Nov.. Dec P.O. Acting on
the suggestion of prominent citizens hero,
Capt. Cox. who Is representing Gov.
Sparks here, advised tho Governor this
morning that two lull companies of Fed
eral troops would be ample for the situa
tion, and advised that ho excuse the re
mainder now here from further service in
Nevada. Temporary barracks will be
erected for thoso who remain.
DRIVEN INSANE BY
IMPRISONMENT IN MINE
PITTSBL'RG, Pa , Dec. 30. After be
ing imprisoned for three days iu Ells
worth No. I mine, at Ellsworth, thirty
miles from here. John O'Mllllan, 26 years
old. a Slav miner, was released from his
underground dungeon a raving maniac
today.
O'Mllllan went to work Inst Thursday
in a small room off the main mine. A
charge proved so strong as to open up
the earth to .such an extent that he was
entombed. Ho might have -been en- ,
tombed yet but for tho accidental dls- '
covory of Ids plight.
When tho debris was cleared the ofil- 1
clals wore astonished to have a maniac !
dash among them from the room, knock
two of the rescuers down and put up a
vigorous light beforo ho was overpow
ered. lie was insane from hunger and fear.
EXCLUDE MORBID WOMEN
FROM NEXT THAW TRIAL
NEW YORK, Dec. 30. All women
except members of Thaw's family and
the women reporters will be excluded
from tho courr room during the second
trial of Harry K, Thnw. which will be
gin next Monday. The seating capacity
of the court room has been reduced
greatly since the first trial and Justice
Dowling is said also to be determined
to prevent tho attendance of women
moved by morbid curiosity, who made
use of every means at their command to
secure admission to a court room al
ready overcrowded.
GOVERNMENT CONFISCATES
SMALL FORTUNE IN BEER
OKLAHOMA CITV, Okla., Dec. 30.
Twenty-throe hundred barrels of beer,
valued at $17,500, belonging to tho New
Stato brewery, wm today poured into
the sewers of'this city by' United States
Internal Revenue Collector Charles
Howard,
The brew was completed after Okla
homa became a State. The. Stato
authorities would not permit its sale
and shipment from tho State.
BROWNSVILLE AFFAIR
HAS COST OVER $10,000
WASHINGTON, Doc. 30. The Sen
ate committee on military .affairs spent j
on the investigation of the Brownsvillo
shooting affray, now in progress, over I
$10,000 between July 1, IP0G, and Juno I
30. 1007, according to the report of the j
secretary of tho Sonato, just published.
Most of tho items are for traveling and
other expenses of witnesses.
i
Treasurer Under Cloud. j
CLEVELAND, 0 Dec. 30. A war- j
rant was issued today for the arrest of
Frank Vina, treasurer of a local Bohe
mian lodge of the Foresters of America,
on the charge of embezzlement.
It is alleged that Vina is a defaulter
to the amount of $-10,000,
i
TAFT MILES AS I
. IXTJ1SBI I
Discusses Finance With Mcr- II
chants and Philippines With M I
Ministers' Association. i Mm
NO REFERENCE WHATEVER B
TO HIS OWN CANDIDACY Hi
Big Secretary of War Spends HBj
an Exceedingly Busy H
' , Day in Boston. WW
BOSTON, Dec. 30. Greeted with' M
cheers as "Tho next President of the fij M
United Statos," a topic which ho care- I Ht
fully avoided in his own. remarks.how- ; H
ever, Secretary of "War William H. I ; 9
Taft tonight delivered his first public H . H
speech, since his world-circling tour, at i
the annual banquet of the Boston Mer- H ! I
chants' association at the Hotel Som H ' H
The banquet closed a long and strcn- ft t
uous day for the Secretary of War,, dur- I fl
ing which he delivered a brief address I
before 400 ministers in the morning and if M
attended a reception and spoke beforo
a gathering of Jews of the city at the IK
Elysium club in tho afternoon. During IP,
his visit to Boston, which ends tomor- Uf fl
row morning, Secretary Taft is ' the m
guest of Samuel Carr, a Boston banker K H
and a relative of Mrs. Taft.
A more notable gathering of promi- K H
nent and representative business men SH
has seldom been seen in Boston than KID
that which greeted the Secretary to- Bffl
in tnc banquet, hull floral decorations HH
adorned Iho tables, which provided for H8n
the seating of over 500 guests, while Km
behind the speakers' table were a great BVI
many American flags. Kfl
Many Guests of Honor. H
President Jerome Davis of tho Bos- BR
Ion Merchants' association presided. hm
Seated on oithcr side of him were tho IfH
speakers and guests of honor, who in- II 1
eluded Secretary of War Taft. Con- 9 i ffl
grossinau Shcrloy of Kentucky, Lieut.- H 9
Gov. Eben S. Draper otv Massachusetts, ffi flu
Mayor John P. Fitzgerald and Right. H 99
Rev. William Lawrence, bishop of Mas- If Wj
As the Secretary rose to speak, all mt H
tho guests stood up with him and filled Bu W
the air with long-contiuucd cheers. W UN
Calls for "Three cheers for Sccre- Ml H
.inry Taft, the nest President' of " tho ili fl
United Suites." wcro heartily- ac- Bj
Secretary Taft then delivered hii HI m
speech, which he read from manuscript, Bjf m
making no additions or comment rcla- Wi H
live to his own candidacy for the Prcsi- Hi M
dency or other topics, lie said in part: Bjj Vj&
Gentlemen of the Merchants and Manu- fil fl
facturera association of Boston: I am glad n Ml
to be here. For more than two years T D mm
have been trying to accept your kind In- B9 H
vitatlon. I do not feel strange In this Iu fl
New England company. My father waa I2f fl
born in Vermont; my mother was born in Bit HJ
Boston:, my two grandfathers were born Ijf BE
in Mendon, Worcester county, much of HI H
my boyhood was spent in Millbury. and HQ fly
I was educated at Tale. While I cannot nfl H
claim to be ono of j'ou. T like to boast that HQ JH
I havo enjoyed tho good influence of the Eli Ml
came traditions. R W
I had expected to talk to you about Iu) 91
the Philippines tonight. That was ono HW
of the reasons why T accepted the Invito.- Oil I
tlon so lightly; it is a subject easy for Wtt B
me to talk about. It may be it is getting HI H
a little stale. For instance. I have found nfll fl
that one of the best methods of discour- M B
aging my friends, tho correspondents of Ul
tho press In .Washington, from pursuing Hi fl
embarrassing inquiries Into other matters. tjf
Is to insist on discussing with them for Ul I
publication interesting phases of the Phil- yl fl
Ipplno situation. They leave forthwith. HI 41
13ut I had supposed that however dead IN ffij
tho islands may be as a topic inviting: u fl
discussion and attracting attention else- M QQ
where, ono could rouso some excitement II wfl
over it still In Boston. I have been Sn Jt
wnrnod, however, that here, too. Micro Rlf (jflj
were subjects more absorbing, at least for m BB
business men. So when I was honored m HBJ
by an Invitation for this morning to ad- fitl 81
dress the ministers of Boston, whose pro- j! jOJJ
fesslon carries them naturally In a con- Km 9D
slderation of other worlds-. I snfrf mv vnv imc BfcV
in respect to the Philippines and the to IRHifflfl
me very absorbing national problem. BAllfl
which I hopo and bolleve we aro working Intfliifl
out successfully. It follows thai, for this UlnflSS
company, I must find another subject. ujiUnHl
Discusses Pinancc.
During the last threo months tho conn- ItSflffflfl
try has suffered from a sovcrc monetary irliliwi
panic Even yet the clearing house cor- Muiflfl
tlrtcatcs linger in your bank exchanges SlfijlH
as emphatic evidence of its severity and In lliffli
of the extreme measures which had to be. Militia
taken to avoid greater disaster. Doubt- SlfllSH
less many of my hearers have not yet miiuBl
recovered from tho Intense nervous strain iHtitRSI
and mmital .suffering to which they havo (winH
been subjected since the middle of Oclo- nSlfSlu
ber. The panic has boon given a certain fSuiliKl
political bearing and Importance. For fflg Iflflfl
this reason I havo selected for mv topic flffifl
of tonight "The Panic of J 807, Its Causes, tdflA
Its Probablo Effects and tho Relation to fsSJiiSi
Itof jhoPollcIes of the National Admin- HjlBfiB
What did cause tho panic? Writers on ltifXQ
financial subjects who havo given their 3'lillloi
lives .and constant attention to matters IhMnW!
of this kind who are able lo institute a InflBflH
comparison of tho present panic with uiHSJtll
previous, panics, and who are entirely mjlBSSJ
familiar - with the conditions preceding JmtHiaHi
all of them, substantially agree upon tho HHiJISe
cause. Panics and Industrial depression.! Ik ill Mi
are the result of the characteristics of IlnJil'Ki
humau nature, which manifosit them- 'I lull!
solves In business and elsewhere. The O'lflVll
world generally has a certain amount of iiil(Li-vSM
loanable capital available for new outer- l'llH-.iB
prises or the enlargement of old ones. In iHHiinfa
periods of prosperity, this capital, with UlifarH
the Instrumentalities for enlarging it po- HtiilMMl
tentlally by credits?. Is put Into now en- IMnMnfi
terprlses. which are profitable, and tho SmUIivj
Increast,' in free capital goes on almost In KS-Hi U
arithmetical progressions. After a time. ftntfi m
however, expenses of operation and wugcu mill ' H
Increase and the profit from the now cm- ml ft I wt
ti'rprlsc grows smaller. The loanable cap- Wimf1 M
Ital gradually changes Its form into In- BftK M
vostmenls less and less convertible. Much mlu. If
of that which might be capital is wasted Hull- fl
In unwise enterprises, in extravagance in ulltil II
living, In wars and absolute destruction KttUt) I
of property, until tho available free cap- VK.W, U
ital becomes well-ulgli exhausted tho Ifif ili H
world over, and the progress of new en- ffisiJj K
torprisca must await the savings ot rrtll
more. Men continue to embark in new lililJ'J 91
enterprises, however, Uie capital I'aIJa 1 jjjf fg
them and disaster enmos 1 W-jt nl
Loanable Capital Exhausted. aWe A
For eight or nlno months past tbora 'frluv Ml
wcro many Indications that the loanable 5 fFil Kl
capital of the world was near exhaustion, !: lJi 7,
i ' ' v.
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