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No. 17,264. WASHINGTON, D. C., TUESDAY, DECEMBER 31, 1907.?SIXTEEN PAGES. TWO CENTS.
THE EVENING STAR WITH 8U5DAY MORHW0 EDITIOK. MiMM OAoe, lJtk Btraet ul taMTlruU in. 7m InniBf Star moDou u Company, W. VOTM, rmUmt. Mni 3 lHNt It, Levin, Kagliad *r? Totk Oflca: TrlVu* Baildin*. Chitags OflM: Tint National leak SaiIdlag. Tbe KmlDf Star, vtui the Sunday momlaf ?dltlso. deli?errd by cirri*r*^- on tkelr owl ?*. oat, within the city at 50 eents per mootfc; without The Sunday Star at 44 cects per month. By malt, postage prepaid: Dclly. #and?y Included. one moath, 60 rests. Daily. Sand*y excepted, on* month, 50 cents. Satnrday Star, on* year, 11.00. Saaday Star, on* year, $1.50. AGREES WITH SENATOR HALE ??? Ex-Secretary of the Navy W. E. Chandler. BROWNSON'S CONTENTION Said to Be Thoroughly Sound and Correct. NO SUBGEON SHOULD COMMAND Only Parallel to Present Proposition Was During the De Long Arctic Expedition. \ Mr. William E. Chandler, formerly Secretary of the Navy, agrees with Senator Hale in regard to the present controversy between the line and staff of the navy over the assignment of a naval surgeon to the command of the naval hospital ship Relief. In a recent interview Mr. Chandler said:- "I sup pose if the President wants to assign a surgeon to command a hospital ship and directs that this be done It cannot be avoided. "On the other hand, I do not blame Rear Admiral Brownson for objecting to any such proposition. I think he did the proper thing in handing in his resignation to the President. Brownson's Contention Sound. "In my judgment, the contention of Rear Admiral Brownson is thoroughly sound. Only line officers of the navy should be intrusted with the command of the vessels of the navy. It is, In my opinion, a serious mistake to de part from this custom by ordering a surgeon to such command, ev?-n the command of a hospital ship. "There might, of course, arise emergen cies under which the unbroken rule of the navy might be broken. Such emergency might occur during war times. I believe Rear Admiral Brownson is too fine an offi cer to have resigned if such a thing were attempted during a war-time emergency. But this has ail occurred in time of peace, and Rear Admiral Brownson was perfect ly r|ght hi resigning. "It is preposterous to think that a sur geon should be placed in command of a hospital s(ilp. It is entirely " beside the issue to explain that the ship to whleh th* surgeon may .be ordered may have only a merchant crew and a sailing mas ter. There must be some one man in su- < i.remc command -o; every vessel that goes to s.ea. How can a surgeon oe in supreme command of a ship with a sailing master u;,Jer him aiso in supreme Command? Tbe - la tMug is preposterous. Hospital | #>lpt> are not \ more immune from ocean -Sales than are; battleships, ii a hospital ship having a ?jrgeon "in command" and navigated by availing master were lost in a storm who cbuld be held responsible'.' Not the surgeon, because he could de clare surgeons are not supposed to be navigators: nof the sailing master, be cause he would say he took his orders from the ship's surgeon. rgeons Ma,y Command on Shore, But Not on Sea. I can conceive of the propriety of placing doctors in command of hospitals oijA shore, laut of no sound reason' why physicians, should be placed in command of hospitals afloat. The nearest prece dent. in my mind, to the proposition to place a. ftafT officer in command of a nava^CTW occurred when former Engl uj^<in-Chlef Melville was put in com fnind of one of the whaleboats that Capt. De Long aent out from the Jeanette after she was wrecked in June, 1S81. De L?n*. wJm Mfct his life, took command of the first boat. Engineer Melville was assigned by De Lonj to take command of the second, and Chipp was in charge of the tljird. With the sailors in Mel ville's whak-bout was Lieut. Danenhower of the ttavy, but his physical condition was such from the arctic hardships that Lang placed Melville in command ? Wm and Danenhower remained In taat aa a passenger. There were , ^ ,'ences of opinion between Danen hower and Melville over the course of the whaleboat. It has been said that Danenhower tried to take the command away from Melville and that Melville drew his revolver on the young lieuten ant. This may or may not be true, but Melville remained in command. But that incident occurred during an arctic emer gency. "One interesting phase of this contro versy is the fact that two such good friends as the President and Rear Ad miral Brownson should fall out with one another. The President is certainly un fortunate in having so many friends who differ with him." FABMAN FLIES AGAIN. Becord Performance of His Aero plane in Paris. PARIS. Dec. 31.?Henry Farman with his flying machine accomplished yester day the unprecedented feat of flying a kilometer In a closed circle without once touching the earth. He will attempt to morrow to repeat the achievement in the presence of a commission from .the Aero Club, and if he succeeds he will win the $10,000 Archdeacon prise. Yesterday's flight was the first made by Farman for a month. During this time lie was engaged in making various Im provements. The principal of these con sisted in cover! n* the entire framework with canvas. He handled the machine today as easily as one ever handles an automobile. After a preliminary flight of half a mile. Farman measured a closed kilo meter and told a friend he was willing to make a friendly bet he could land at the point of departure. The machine left tlie around almost instantly, and maintained a distance of ten feet from the around throughout the kilometer. Far man landed at the exact point whence he started. After the flight Farman said: "Now 1 have the machine: all that is necessary is to perfect myself in the art of flying." OEOBOIA STATED STAID. No Celebrating1 on Eve of Prohibi tion Cloture. ATLANTA. Ga., December 3l.-The last day of the year and fcha last day of the liquor traffic In the state of Georgia found conditions practically normal tn the city, with no reports of excesses from outsl4? point*. At 10 o'clock tonight every saloon ln*the city will close Its doors per manently or until the prohibition act- is repealed, unless -injunction . proceedings, being considered in the United States court, restrain the enforcement of the state act. There was some fear that the last day before liquor was banished would find some excessive "celebrating." Conferences were held by the liquor in terests last night and today to consider possible court proceedings, but no an nouncement was made. Rome Stock Exchange Shat tered by Explosion. 18 MEN BURIED IN RUINS Business Section of the City in ft State of Panic. MAY BE WORK OF SPECULATORS Thought It Was Intended to Inter rupt the Monthly Settlement. Rescue Parties Busy. ROME, December 31.?A dynamite bomb exploded in the stock exchange of this city today. Up to the present time it has been ascertained that eight een persons were wounded. Some of the injured are buried under portions of the building which had collapsed. Firemen, policemen and troops have been hurried to the scene, and are now en gaged in calming the excitement and conducting the work of rescue. Big Boof Collapsed. It Is supposed that the bomb was thrown with the intention of preventing the cus tomary end-of-the-month liquidation. The roof of the courtyard of the exchange col lapsed with the force of the explosion. The explosion occurred shortly before 4 o'clock. The stock exchange is situated in the center of the city. The people in the vicinity of the building were thrown into a state of consternation. The ex plosion was followed at once by cries of desperation from within the exchange. Panic Outside. A crowd numbering several thousand began to congregate outside the building. As soon as the police and troops arrived they took charge of all the approaches. The fear of other outrages suddenly pos sessed the throng and the psople broke and fled. In the mad rush there was great danger to life and limb. Doctors on the Scene. The stock exchange building is closed by a large Iron gate. This was at once swung to and helped to the maintenance of rela tive order Inside the exchange. Ambulance and doctors have been sum moned. and are busi'.y at work earing for the wounded as they are brought out. What tse total casualties will be it Is as vet Impossible to say, nor has it yet been positively determined what was the pur pose of the author of the outrage. Building an Art Treasure. The stock exchange of Rome is situated In one of the finest ancient remains of the city, the Temple of Neptune, and on the south side of the Plazaa dl Pletra. The temple was built by Hadrian, and Is notable for eleven magnificent columns :n the Corinthian style, of white marble, each one forty feet high. The center por tico was built by Agrippa. The roof of the exchange was partly supported by these famous columns. They were assem bled for this purpose by Pope Innocent XIL ? TAPT OPP POB MILLBTJBY. Secretary Shows No Sign of Patigue Prom Yesterday. Special W?pstch to The Stir. BOSTON/ December 31.?Expressing pleasure at the enthusiastic manner in which he was received here, and show ing no sign of fatigue as a result of his strenuous program of yesterday. Secretary Taft left Boston for MUlbury at 9:30 a.m. today. . At MUlbury he will spend several hours with his aunt, who Is a resident there, and thence will proceed direct to Provi dence, where he will take the Federal ex press for Washington at 9:07 tonight. Mr. Taft was accompanied to the Trinity place station by Mr. Carr, his Boston host, who was tlu only one present to see M"i ol On the train, however, he joined Edwa.a C Mansfield, executive secretary of the repubUcan il-ate committee, who accom PMre%UnsfleldN although he will be out of ^titles theoretically after 12 o^lock v-p rpases to fre secretary of the state committee and bec?tMS lW8tma8ter, is still toUing an active interest in Mr. Taft's boom as the representative of Sen It nr , ooue and his visit to Worcester is nart of a plan to bring the War' Secre tary into touch with certain Worcester politician who are expected to do him 8 The train on which Mr. Taft left Boston . * .ion at Millbury. so the Secre tly had to go to Worcester and from there make connections for Millbury. He win h?w some time between trains, and This t?me It "s said, he will devote to strictly campaign puri^ses^ ^ hen Mr. Tuft's secretary wrote to Secretary woi ? of The merchants' awoc.aUon ^me Mm* itco he intimated that Mr. i art ex nectod to have a conference with certain prominent business men in ^vldence on his way to Washington. This Mr. Ian "?rA'wS?- ?? he said. "1 do not know what ^ime the train from Millbury reaches there. but I -hall probably have very lit ?i?. in Providence. There are some there tha? I would like to visit, but time will not permit. No conference has been ^arranged. RELEASE MacLEAN. Baisuli Said to Have Made Satis factory Terms. Special C?bl#?rsn> to The 8t?r. LONDON. December 31.?A firm of gun smiths at the West End received today a letter from Kald Sir Harry Maclean. In timating that he was expecting, when he wrote the letter, to be in Tangier In three ^MacLean^was captured by Raisuli on July 3 and has been In h'.s hands ever since A dispatch on December 13 said that he would soon be released, as the British government had guaranteed that Raisuli should receive a ransom of $100, 000 protection for himself and his fam ily,' and the release of thirteen of his tribesmen then In prison. Count Tolstoi Injured. St. PETERSBURG. December 31.?News has reached here that Count Leo Tolstoi was thrown by a stumbling horse and sus tained a dislocated shoulder. In spite of his advanced age, the count Is making a rapid recovery. THE CHOICE OF EVILS ON NEW YEAR EVE, BISHOP ANDREWS IS DEAD PASSING OF A NOTED FIGURE IN THE METHODIST CHURCH. General Breakdown Followed a Se vere Cold Taken in San Fran cisco Last October. NEW TORK. December SI.?B'shop Edward G. Andrews of the Methodist Episcopal Church died at his home In Brooklyn at 5 o'clock this morning. Death had 'been expected since yesterday, when the physicians in attendance gave up ail hope. Bishop Andrews, who was eighty-two years old, contracted a severe cold while attending the bishops'- conference and the Bishop Edward G. Andrews. meetings of the home and foreign mission boards of his church at San Francisco last October. He never fully recovered and a general breakdown followed. Bish op Andrews for nearly half a century was one of the most widely known clergy men in the United States. At his bedside this morning were three of his four surviving children Mr. H. C. M. Ingraham. Miss Grace Andrews and Edward Andrews of Birmingham, Ala., as well as a number of grandchildren. The bishop had been unconscious for twenty four hours when he died. Parents Notable Methodists. Bishop Andrews was born August 7, 1825, at New Hartford, Oneida county, N. y. He was one of ten brothers and sis ters, of whom four survive him. Both his father and mother were notable Meth odists and the choice of a profession for the young man fell naturally upon tne ministry, which he entered In 1844, while sti.l a student at Wesleyan College. In 1847 he was graduated ifrom that institu tion and Immediately allied himselt with the United Conference of the Methodist Episcopal Church. Soon after he was ap pointed to the Morrisvllle circuit in New York and he served successively in Ham ilton. Cooperstown and Stockbridge. He became a teacher in 1854 at what Is now known as the Central New York Confer ence Seminary, but which was then called simply the Oneida Seminary, the next year going to Mansfield. Ohio, as the principal of a woman's college there. He returned to the Oneida school at Case novla the following fall to take the posi tion of principal. From 18B4 to'1866 he was stationed at Stamford, Conn., after which he went to Brooklyn, where he remained continuous ly until hjs death. In Brooklyn he was the pastor In turn of the Sands Street Ciiurch, St. John's Church and the Sev enth Avenue Church. It was while he was acting as pastor of the last named that he was ordained a bishop. In 1872. Bishop Andrews was married August 7. 1861, to Miss Susanna M. Hotchklss of Cheshire, Conn., by whom he had five children, the oldest of whom, Eva, died in Infancy. All the others, three daugh ters and a son, are still living. He was twice singled out for the dis tinction of honorary degrees in his life time. On the first occasion, in 1863. Genesee College . made him a doctor of divinity, and in 1881 Allegheny College created him a doctor of laws. He was likewise a trustee in many institutions, chief of which was Wesleyan College. Traveled Much Abroad. In 1876 he visited missions in Europe and India for one year. In 1881 he vlsltr ed the missions of Mexico and spent the entire year in the work for their advance ment. He investigated the missionary fields in Japan, Korea and China In 1880-, 90. Since that time he has resided inl New York. He waa elected and served] as a delegate to the English and- Irish Me4,hodiat Churches In 1SW. He was Chosen bishop ii, 1872 and in 1904 was relieved of many duties and placed on the retired list. His active interest in the administration of the affairs of the church did n6t cease with his retirement, however, and he continued to take an important part in Its councils until, the last. MRS. YOUNG'S "DEATH" DEITIES INDIGNANTLY THAT SHE WAS MURDERED. Special Dispatch to The Star. NEW YORK, December 31.?The story built up by Mrs. Hattle Hull In identify ing the body of the woman found in the Lampblack swamp at Harrison, N. J., ae that of 'her friend, Mrs. Agnes Young, was shattered here today when Mrs. Agnes A. Young, Mrs. Hull's acquaint ance, Issued a statement In denial. Mrs. Young is at present employed In the branch office of Wood, Harmon & Co., real estate operators at 315 Madison ave nue. this city. She has worked there as an accountant since July 15. Her home is at Harmon on the Hudson. When Mrs. Yonug reached the office this morning she was very much perturbed. She consulted with the manager of the office and then dictated this statement: "I -was assistant accountant at the Ho tel Ansonla and knew Mrs. Hull and be friended her, but have not seen her for the past two years. Any other statements concerning me are absolutely false. '?AGNES YOUNG." She said she never knew a man of the name of Charles Meyers. According to Mrs. Hull's story a man of the name of Meyers was with Mrs. Young when Mrs. Hull saw her In the Pennsylvania depot In Jersey City on Christmas day. Will Confront Mrs. Hull. As soon as Judge Branigan of Harrison heard that Mrs. Young was at the Madi son avenue office he called her up on the telephone. Mrs. Young repeated to him her statement that she must be the wom an whom Mrs. Hull had In mind. Judge Branigan said he would like to have Mrs. Young go to Harrison to repeat her denial In the presence of Mrs. Hull, who was de tained by the police afrer she told her queer yarn. After talking with Mr* Young over the telephone Judge Branlg n said: "I am convinced that ihe Mrs. Young with whom I talked Is the same woman whom this romancing youngster men tioned. I asked her about the Ansonla, and she answered all the questions readily and correctly. She tells me that she knows Mrs. Hull, but has not seen her for two years. I asked her to come to Harrison to confront Mrs. Hull, but she said that she did not feel equal to It just now." Foolish, Romantic Girl. When inquiry was made at the real es tate office Mrs. Young, It was said, had gone to her home. It was said that she was much distressed over the story told by Mrs. Hull and that she would take a few days' rest. No person In the office would discuss the case. All declared that for ' them the statement of Mrs. Young was sufficient. Mrs. F. W. Lange of 7 West 102d street, the address given by Mr?. Hull when she went to Harrison yesterday, was In dignant today when she read the story. She said that Mrs. Hull had lived there about two years ago, at the time of her marriage, J>ut that, she had not seen her in a long while. She said that Mrs. Hull, who is only seventeen years of age, was a romancing girl, given to the reading of trashy novels and fond of having herself talked about. At 85 West lOith street, wtysre Mrs. Hull had a room with a Mrs. Dewes, It was also said that the girl spent much of her time reading books that would tend to give her romantic Ideas. Mrs. Catherine Hunter of 808 L street northwest, Washington, who at first feared the dead woman was her sister, was ad vised to the contrary today by telegraph. Her sister has been ill In a hospital In i New York city. BLOWN UP FOR REVEN6E HONEYMOON" SPOILED BY FOR ' MER SUITOR. Whole House Wrecked, ?Ten People Burned and, Strangely Enough, No One Injured. Special Dispatch to The Star. NEW YORK, December 31.?Ten per sons were buried under the wreckage of a house practically blown to pieces early today at 308 East 149th street. They were dug out by the police and, strange to say, none was seriously injured. The bomb was evidently planted and timed to go oft after the man who set had had ample time to rfet away. ? Joseph Re, a flsh peddler; his wife, son and married daughter, Mrs. Marie Bottl sano, occupied the first floor of the house, a two-story frame. On the other floor lived John Slnnabaldl and hie wife and four children. The two families were asleep at 2:30 o'clock, when the blast let go. Trapped in Their Bed. The whole front of the house was torn away. Mrs. Bottlsano was in the rear room. A door from the front room wac blown from its hinges and fell on her as she lay in bed. Plastering, parts of the frame of the housee and furniture were hurled over the sleepers. The Slnnabaldl family found themselve^ unable to get out of their rooms, for on their floor the bomb had tangled up chairs and tables and plastering in a mass that covered the beds of the six. They yelled for help and waited, as did the Res. Policemen came and went into the dwell ing. They had trouble getting to the Res, for while the doors were blown off, their frames were jammed and part of the celling was hanging down. But the police got in and helped the family out. The stairs to Slnnabaldi's rooms were wrecked, but the police got up, and after untangling the debris led the frightened family to the street. There was apparently no "Black Hand"' In tills outrage, for none , of the tenants had been ihreatened. The police suspect a disappointed lover of Mrs. Bottisano, who was married recently, and are look ing for him. DISPLEASED TAPT'S MANAGER. Mr. Vorys Says He Made No Over tures to Senator Dick. Special Dispatch to The Star. COLUMBUS. Ohio, December 31.?Man ager Vorys of the Taft interests was dis pleased with publications yesterday to the efTect that he had made overtures to Senator Dick for the conference which was held here Saturday night. He explained' that Senator Dick had been consulted in regard to the call for the state conven tion, not as an opponent of Seoretary Taft or as representative of any faction, but as the chairman of the state executive committee. "It is not likely that any further confer ence will be held with Senator Dick." said Vorys. ' 'and if there is it will be of the senator's seeking. All the matters that we wished to confer with him about have been discussed and his wishes are known " It is believed that the meeting of the state central committee to be held here Thursday at 1 p.m. will not be marked by any considerable friction. The Taft leaders have complete control of it, and the friends of Senator Foraker admit that the committee w 11 do anything that the Taft leaders ask it to do. To start a fight would only afford the Taft men an op portunity to show in a public way their hold on the state machine, and it would probably indicate a degree of control not warranted, by the popular sentiment. R. B. Brown of Zanesvllle, former na tional commander of the G- A. R., and a strong Foraker republican, has announced his candidacy for Congress In the flftsenth district aga'nst Representative Beman G. Dawes, who has declared for Taft. It means a bard light there, which will be fought in connection with the selection of the national delegates. D. Q. Klldebrandt of the sixth. Senator Foraker's old home, declared for Taft here last niffht. This was a distinct sur prise to the Foraker leaders, -- he had been counted for Foraker. The district is claimed by the Foraker leaders. * Claim of the Prosecution in the Harden Suit. SCORES EDITOR SEVERELY Intimates the Kaiser Called Him a Poisonous Snake. STATE'S ATTORNEY UNMOVED Says He Was Threatened With Death if the Verdict Was Not Favorable to the Prisoner. BERLIN, December 31.?The hearln* of the Hard^n-von Moltke libel suit was resumed here this morning. At the open ing of the session the Judge auestioned Count Kuno von Moltke aa to whether he had resigned from the army as a result of the articles published by Harden In Die Zukun't. The count responded em phatically in the affirmative. The state's attorney. Dr. Isenbiel. then opened the pleadings and demanded the Imposition of a sentenca of four months' imprisonment against Harden. He de clared that Harden had assumed that there existed near the person of the em peror a group of men whose Influence was detrimental to the interests of the fatherland and which be 'felt himself called upon to disperse. Irresponsible Witnesses. Among the members of this group were Prince Philip Zu Eulenburg and Kuno von Moltke. Harden attacked these two men, and founding his accusation upon the mere word of an hysterical woman, Mrs. von Elbe, the former wife of von Moltke, and upon statements made by her mother. Mrs. von Heyden, who was quite untrust worthy, he declared them to be possessed of abnormal tendencies. ' Letter Threatened Death. Continuing, Dr. Isenbiel said: "Count Von Moltke, who has been covered with filth by .Harden, leaves this court com pletely cleared; he is without stain, a no bleman from head to foot. Prince Zu Eulenburg Is equally vindicated. "I do not know what the emperor said to Count Von Moltke, but ne probably told him: 'Go, von Moltke, and clear yourself: stamp on this poisonous snake." " Dr. Isenbiel, referring to Harden's mo tives, said he believed his articles had been actuated, as always, by purely polit ical purposes, but.in this Instance he had Injured the fatherland and he, the^fore, merited punishment. Like Icarun. 'A had burnt his self-made wings and finto a sea Of lies. In conclusion the state s attorney said he had received a letter threatening him with death 1/ the verdict of the court was unfavorable to Harden. He felt obliged to call attention to this letter, but he laughed at the threat. Kaiser Uninfluenced. Dr. Sello, counsel for Count von Moltke, then made a brief address In whloh he said Harden had permitted himself to be pe.suaded Into a regrettable act, and pictured von Moltke as a man of an ex tremely gentle and sympathetic nature. Count von Moltke then spoke in his own behalf. He said he had discarded his army uniform because he did not want it besmirched. He denied that any political group or camarilla existed near the per son of the emperor. The only group in the entourage of his majesty, the count declared, was the imperial family circle, which was loved and honored throughout the land. Apologist for Harden. Herr Bernstein, attorney for the de fense, reviewed all the Incidents of both trials. He said that allowance should be made for Harden because of the public services he had rendered during his ca reer. Harden, the attorney declared, had no reason to doubt the word of Mrs. von Elbe: and he was impressed by Prince von Bismarck's statements concerning the Llebervberger incident and the. testimony of Prof. Schweninger regarding von Moltke. The passages of the articles In question, Herr Bernstein continued, had been given a false meaning by detaching them from the general context. Harden had merely told the truth, and for this he must suffer. In conclusion the attorney protested against imprisonment for his client. The court then adjourned until next Thursday, when Harden will be heard in his own defense. CALEB POWERS' TRIAL. Lawyers Bombarding Jury With , Their Oratory. Special Dispatch to The Star. LEXINGTO^, Ky., December 31.?Yes terday at the Caleb Powers trial in Georgetown. Samuel M. Wilson, for the defense, and Judge Ben G. Williams for the prosecution, were rivals. Today Judge J. C. Sims and.Victor F. Bradley are bat tling. Women and men and children of all sorts and conditions in life crowd the big courtroom almost to suffocation. Judge J. C. Sims of Bowling Green, who offered his services to Powers, is making the first address today. He began by re viewing Bome of the phases of the re .jxiarkable case. He pointed out that it would have been almost impossible for .Powers to have entered Into a conspiracy with these men, for they were not his kind. Sims said that not a scintilla of evidence had been introduced to show that Powers was connected in any way with the murder. "Instead of this," the speak er said, "Powers has been proved Inno cent, and to do your duty, gentlemen of the jury, you must acquit him." Judge Sims then made a plea for the life of Powers, so he could again begin where he left off eight years ago. It was pointed out that Youtsey Is the inan who killed Goebel and not Powers. Judge Ben G. Williams, In making the opening spech for the prosecution, made a good one. He made many pathetic allusions to the murdered Goebel. Judge Williams closed by saying: "True. Powers has been In a prison cell for eight years, but before he went behind the bars he put ./1111am Goebel In his grave. Let not politics sway your minds. I recall that the republican party lost a Garfleld and a Lincoln and a McKlnley by assaaal nation, and it is for you. gentlemen of thfc Jury, not to allow a miscreant like Caleb Powers to sully the name of that party by indulging In a murder like this and ihen go unpunished." . \ Victor F. Bradley, who will speak this afternoon. Is' not so good a speaker as Judge WHliams, but he can make a strong argument. Tomorrow Maj. W. C. Owens will make the closing address for the defense and Commonwealth's Attorney Franklin wltf close the arguments. The Jury will hard ly begin deliberating before Thursday mornlng. Weather. Fair tonight and tomorrow. Colder tonight. Controller of Currency Ridgely on the Panic. THE WORLD OVERTRADING All Business Men Mast Bear Som6 Part of Blame. WHY FEW BANK FAILURES Most of Them field Over Full M Legal Minimum of Reserves. ?William B Ridgely, controller of the currency, today gave The Star an Inter esting review of the financial situation. He has been thick in the trouble from the beginning. This is what he says: "The financial panic In the year 1007 will doubtless cause many business men always to remember the year with feel ings of repentance or regret. It by no means follow?, however, that wc should looK forward to 1008 with forebodings or fear. We have had our par.lc. but it is over, certainly as far a* its acute stages concern us, and "will soon be only a matter of history. If we are to Judge from the past, we can at lea^t be sure we are not likely to have another in lixw. II there is any peiiodicity in such matters, the period is fortunately of much longer duration than one single year. "The conditions which made this crisis possible are the accumulated composite results of many years of business. The whole world has been overtrading and expanding and nowhere has It been more rampant than in the United States. The reaction was inevitable, and though It might not have taken the form of a bank panic had we been better prepared with such a banking and currency sys tem as we should have, the ttnie had come when some or all must pay for our overindulgence. Locating the Blame. "It is impossible to exactly locate the blame and say Just who should bear it. 'Let the man who la without sin cast the first stone.' There is no one in any way connected with any business who has not in some way contributed to the expan sion. It- is not necessary to have "Pecu lated in stock, cotton, grain or in real es tate. Who is there, however, who has not bought stock or beads In some en larged undertaking, either personally or as a director or trustee; has not enlarged his business. Increased hla expenses, or made some investment ba^d on ttoe oem fldent expectation that business would conUnne with the activity It has shown for several years paet? l *now of who has not contributed to the general ^One^thlng^'ceiSin; we are alliwwbi the same boat, and must endure together the after results of the panic, and we are all vitally interested ^ fects and recovering from It as soon as possible, leaving the minimum of per m,'On no one does this duty fall so direct ly as on the banks. By their partial sus pension of payments and th.elr ment of the machinery of domestic ex changes and remittances. though they may have been, they first brought the effects of the business reac tion to bear on their customers and on the business public. It Is store business to normal conditions by re Fuming their functions as promptly and as fully as possible. Fortunately there Is " t only the strongest desire and disposi tion on the part of the banto* to but conditions are such as to make it comparatively easy, and to lead us to ex pect a much more prompt recovery^ than has followed other similar financial crises. The striking feature of the panic of lflOT is that sudden and severe as It was, tne trouble with the banks has not been worse and the failures more numerous and wlde 8I"From October 20 to December 30. 1907. there have been but sixteen suspensions or failures of national banks. Of these two have resumed and several more should do so in the very near future. "Contrast this with the panic of 1883. when 160 nationaJ thees 54 were never reopened. The total number of national bank failure- for 1907 is 21. and this number has been exceeded monv times in years when we have had nothing which could be called a pan.c. The banks have therefore stood the strain ? tvip last few weeks better than e\er before and they are in better condition January 1. 1808. than they ever were after January . ret>orts of condition of the national banks show tiiat from August ? to December 3 individual deposits de creased but $142,000,000. or about 3Vi per r-pnt while the decrease In cash on hand was but $40,000,000, and the Increase in bills payable and rediscounts was about $42,000,000. . ? Legal B*seyres. The forty reserve cities show'24.72 per cent of legal reserve, or almost the full legal minimum, while their total cash means are 26.55 per cent of their deposits. Of the forty cities twenty-one show legal reserves above 25 per cent, while ten of them show over 30 per cent of legal re serve and all but eight of them show more than 25 per cent of total cash means. The largest "serves ire In the Texas cities, Galveston and 8an Antonio showing over 38 per cent of legal reserve and Galveston over 48 per cent of total ^"The"returns as tabulated by states are also significant and reassuring ?? to the General conditions. There is not one state which does not show an excess of reserve above legal requirements of 15 per cent, and an increase in legal reserve and tota^ cash means December 3 abo\e those h"1fn?theAsubdivSion by states the Pacific states show the largest legal reserve of 22 ?8 per cent, wh !e the western states show the largest cash means, 32.11 per clnt The most important significance of these figures is that the readjustment of bank reserves has taken place with so few bank failures, .although the central reserve cities have received gold through imports and otherwise, cer tainly as much as $150,000,000, probabiy considerably more. It has been paid out and their reserves paid down to 22.. per cent without .the failure of a single bank in one of the central reserve cities. "Since December 3 the central reserves have steadily increased and the disappear ance of any premium on currency In the la^t few days shows that the strain is re lieved. Most of the reserve cities are up to their legal requirements, many of them far above it, and the country banks as a, whole are in the same condition. Consid ering what we have gone through with, this is a very satisfactory showing. We have had a very severe bank panic. -.i.uf however, have -been worse and would have been much wor?e but for the Tid given by the Treasury Department and some of the leading financial men of the country. Credit Due to a Few Ken. "It will probably never be known how much credit is due to a few men who fur nished vast sums of money and supplied credit from their enormous resources. In the patriotic effort to stop the panic and