Santa Fe new Mexican. [volume], October 17, 1907, Image 1

About Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951

Image provided by: University of New Mexico

                
ANTA FE NEW MEXICAN
VOL. 44.
BIG FAILURE '
IN ILSIEI
Heinze Brokerage
Firms Suspend
Operations
SANTA FE, NEW MEXICO, THURSDAY OCTOBER 17, 1907,
NO. 210
SLUMP IN
E
F Augustus Heinze Resigns
Presidency of Mercantile
Bank as Result.
MEXICO SEEKS RE
TURN OF TRAITORS
Determined Alleged Revolutionists
Seized at Los Angeles Shall B
Taken Back For Trial.
. New York, Otc. 17.-F. Augustus
Heinze, president of the United Cop
nnmnnnv. a crisis in whose affairs
wi.a rpnrhed on the stock exchange
vpstfrflav said today he was consid
ering the question of resigning the
presidency of the Mercantile National
Bank of this city.
"The troubles of the United Copper
company, sam r. Augustus emu
day, "are internal and were brought
about by differences between certain
interests. I have much to do at this
time in bringing about a settlement
of' the company's affairs and there is
nothing more that I can say a't this
time."
Brokerage Firm Quits.
Otto Heinze and Company made
the following statement at the open
ing of the stock exchange today:
"Arthur P. Heinze is no longer a
member of the firm of Otto Heinze
and Company. The company feels ft
self perfectly solvent and will pay
all Its just and legal obligations in full.
The Arm, however, refuses to pay any
obligations which it does not consid
er legal or just until proper adjudica
tion of the matter has beeu made.
Rather than submit to any unjust de
mands it prefers to permit itself to
be temporarily suspended from the
privileges of the New York stock ex
change."
The sentiment in Wall Street today
was divided between a feeling of relief
that the situation created by the
United Copper manipulation had been
cleared up and a nervousness lest the
failure of Gross Fleeberg, brokers for
Heinze, might have .an unfavorable
effect generally. That the firm's claim
that their inability to meet the obli
gations was due to, the purchase of
United Copper, which was made by
Otto Heinze and company, but not ac
cepted by them, brought the name of
F. Augustus Heinze into Wall Street
comment, although It is denied he is
interested in the firm of Ootto Heinze
and company.
F. Augustus Heinze.president of the
United Copper company, has been a
feature in New York financial circles
since the settlement of his long drawn
out litigation with the Amalgamated
Copper interests. It is understood he
received a large sum in cash as a part
settlement and he soon afterwards be
came president of the Mercantile Na
tlonal bank, one of the largest financ
ial institutions of this city.
Bank Directors Decide On Change
Late last night there was a confer
ence on the situation and afterwarls
it was rumored that Heinze had agreed
to resign the bank's presidency today
and that he would be succeeded by
William B. Ridgely, comptroller of the
currency. Ridgely, however, denied
that he had accepted the presidency,
but Heinze said today he was consid
ering resigning.
' The situation in copper has been un
favorable for some time and today It
was announced that following the pol
icy of the Amalgamated Copper com
pany m restricting its output, the
Clarke and Phelps-Dodge interests and
the Cerro de Pasco Copper mines in
Bolivia have reduced their output 75
per cent.
The suspension of Otto Heinze and
. Company, was announced on the
Stock Exchange this afternoon.
Augustus Heinze resigned the
presidency of the Mercantile National
Bank today. W B. Ridgely, comp
troller of the currency, has been in
vited to accept the presidency.
Starts Run on Butte Bank.
Helena, Mont., Oct. 17. A special
from Butte states that because of the
suspension of what are .inown as the
Heinze brokerage firms in New York
a run was started today on the State
Savlnfes Bank here in whicn F. Au
gustine Heinze is a leading stockhold
er and director, ana that the bank,
availing itself of the thirty days' priv
ilege, closed its doors. None of the
other banks it is said are affected.
They experienced no runs. The depos
its of the bank in question are In
the vicinity of $4,250,000, and in the
savings department about $1,250,000.
The latter deposits are largely from
the working people of Butte. The
state also has about $75,000 of state
funds in the bank.
The following bulletin was posted
on the door' of the bank:
"Because of the unsolid conditions
Ixs Angeles, Calif., Oct. 17. Oscar
Lawlor.United States district attorney
here filed a complaint charging Villa-
real, Magon, Rivera and Do Lara, four
Mexicans, who have been in jail here
several weeks with violation of the
neutrality laws.
The Mexicans are accused of being
revolutionists and instigators of it
movement to invade Mexico with arm
ed forces to overthrow the republic.
Mr. Lawlor today asked the court for
an order of removal to the jursidictlon
of the United States court in Arizona,
where it is said that a much stronger
case against the four men can b
made.
The Mexican government has sent
word to the United States authorities
here countermanding the application
for extradition. It is said among feder
al officials that the government of
Mexico is to go about the matter in a
different way to accomplish getting
the four Mexicans into Mexico so that
they can be handled under the laws of
that country. The imprisoned men
were greatly exercised over the report
mat tney were to be surrendered to
the Mexican authorities.
I MONEY PIC
SAYS HWUI
The Country is Too
Great arid Prosperous.
BITTER FIGHT
Standard to Pres
ent Strong Defense
Appointed as Officer of Territorial
Organization By Governor Curry
to Look After Correspondence.
Recent Agitation Against
Corporations and Rail
roads Responsible.
10
LUMBER WAR
AT TULAROSA
Alamogordo Lumber Company Shuts
Off Supply of Local Dealer Who
Is Forced to Susoend.
V
Oil Combine Confident of
Proving Itself Not Guilty
of Charges.
Alamogordo, N. M., Oct. 17. At Tul-j
arosa, a few miles north of here, a1
lumber war is on. R. B. Fields, a local
lumber dealer, who has been buying
most of his lumber from the James
Canyon mill, owned by W. E. Carter,
suddenly found his supply cut off. The
Alamogordo Lumber company, making
a contract for the entire output of the
mill. The Alamogordo Lumber com
pany then contracted to furnish lum
ber of the Lumley Lumber company
at Tularosa.
Mr. Fields will now buy his lumber
from Texas mills and expects to re
enter business as soon as his orders
can be filled at the mills. When the
stock arrives a merry war is expected
and Tularosa will then build cheaply.
A new school building is in course
of construction at Dog Canyon Sta
tion and a number of business houses
are beina; constructed. A postofllee has
been pet itioned for the place, the name
to be changed .to Camp. The commis
sion is expected to arrive in a few
days.
i tie Atamo Cement and Plaster
company has its factory at that sta
tion, which is located on the Cloud
cioit extension of the El Vasn nn,i
Southwestern Railroad.
Chicago, 111., Oct. 17. "Money la
like liquid. The moment you place an
obstruction in front of it, it causes a
dimunition of its flow."
This is one of the new financial
aphorisms to which Edward H. Harrl
man, who came to Chicago to battle
with Stuyvesant Fish for the control
of the Illlnos Central railroad, gave
utterance when asked to express his
ideas noon the future of the country.
"This obstruction," continued the
Napoleon of the railway world, "has
been placed in front of the liquid
stream of money and has already caus
ed a serious check in its flow. This ob
struction is an apprehension which
runs like a prairie fire through the
land and has permeated the minds of
the people. This apprehension has
been caused partially, if not entirely,
by the agitation against corportions
n general and the railroads in par-
icular aud it will last until the peo
ple awaken to the fact that we must
have a saner comprehension upon
these important subjects."
Harriman further said that the coun
try was to great and prosperous to
have a money panic and was enter
ing a natural and healthy period of
re-action after which he said "We
shall live slower and surer and more
sane."
RODEY IN FAVOR OF
SINGLE STATEHOOD
writes to Governor Curry Explaining
mis Attitude Says He Is Boosting
For Proposition.
U. S. Judge Bernard Shandon Rodev
of San Juan, Porto Rico.formerly dele-
ate to Congress from New Mexico, is
anxious to be set aright on the state
hood question. In a letter addressed to
nn.,Ann'nH r 11.. , .
uuvemui- iurry ine ex-aeiesrate ex
plains his position and corrects the
Impression that he is not in favor of
the proposition.
Judge Rodey says he is heartily in
accord with the movement now under
way to have New Mexico admitted in
to the union as an Integral and sov
ereign state or words to that effect
However, he .admits, with modest
frankness that he does not believe an
enabling act can be passed at the
coming session of Congress, although
he wants it emphatically understood
that the thought is not the father of
the wish, and he is doing all he can
co neip secure single statehood for
New Mexico.
New York, Oct. 17. Counsel for
the' Standard Oil Company have pre
pared an elaborate defense in the gov
eminent suit for dissolution of the
oil combine, which they say will be
develop! in its entirety. The gov
ernment's attorneys have concluded
taking their testimony.
The Standard's lawyers say that
they have not sought to adduce testi
mony on cross-examination of of
cials and employes of the so-called
oil trust which would refuse tho al
legations in the federal complaint
but had deferred bringing out much
evidence until later, when it could
be produced continuously and in bulk
'n intimation was given of the na
ture of tho testimony which counst
for the trust would bring out.
A telegram was sent to William I),
Rockefeller, assistant treasurer of the
Standard Oil company of New Jersey
last night by counsel of the Standard,
that the government, desired him as a
witness before the adjournment is
t.-ken on next Friday for a month.
Frank I). Kellogg, counsel for tho
United States, spent the entire day in
placing on the record statements sub
mitted by several witnesses showing
the profits made by the Standard in
the different localities of the country.
LOWE SECRETARY
STATEHOOD LEAGUE
STILL MUG
PROXIES
In order to expedite the handling
of correspondence relating to the
statehood question, Governor Curry
has appointed Lawson D. Lowe, form
erly chief clerk of the Law Revision
Commission, as secretary of tho "Ter
ritorial Statehood League." Mr. Lowe
has already assumed his new duties
and opened an office iu the Capitol
building.
Governor Curry has been receiving
a mass of mail pertaining to statehood
since the campaign was launched sev
eral week3 ago and this correspond
ence has been steadily Increasing in
volume. Mr. Ixnve is an expert steno
grapher and the governor conceived
tho idea of having him take charge of
the Territorial Statehood League pub
licity bureau In this city. Mr. Lowe
will be furnished with literature con-
corning the resources of New Mexico
to be used in disseminating informa
tion and any letters addressed to him
on the subject will receive prompt attention.
Circular letters will be sent out in
a few days to prominent people of the
territory urging upon them the necess
ity oi organizing statehood leagues in
every county and arousing enthusiasm
in the statehood movement.
New Mexico is now practically as
sured of statehood and the onlv thine
likely to defeat the project is an in
different attitude on tho part of tho
people of the territory and their fail
ure to unite' in the common cause.
Citizens of the territory are request
ed to send into the office of the secre-
Slow Progress in
Illinois Central
Scrap
LIVELY T1LTJAKES PLACE
Fish Flies Into Rage When
Stockholder Questions One
of His Statements.
tary of the league anv information or
ata which may be beneficially used in
Demur of statehood
NEW HEAD FOR
MESILLA PARK. SCHOOL
Prof. McClenahan of Agricultural Col
lege, Made Superintendent To En
large the Course of Study.
Agricultural College, N. M Oct.. 17.
Professor P. E. McClenahan. the
principal of the preparatory depart
ment of the Agricultural Collego, has
recently been appointed principal of
he Mesilla Park public schools. This
will make it possible for parents to
place their children in they public
school as soon us they are of school
ago and continue right on until grad
uation from the college. The course
of study of the public school will be
changed so that upon finishing it the
student will bo eligible for entrance
to the preparatory department of the
college. Many families move to Me
silla Park for the purpose of educat
ing their children, and have hereto
fore found It necessary to place them
in the independent public school; but
with the new arrangement the pupil
will be under one educational system
from the time he enters school till his
graduation. Many are moving in to
take advantage of this opportunity and
others will come as soon as houses
can be found for them.
SECRETARY ROOT
ON RETURN TRIP
Has Nothing But Praise to Say of His
Trip to Mexican Republic Load
ed Down With Gifts.
San Antonio, Tex., Oct. 17. Secre
tary Hoot, who la returning from his
visit i Mexico, arrived here yester
day and after a Iwenty-minnto stop,
proceeded on his homeward journey
The secretary said he was astonished
at the large number of Americans he
found in Mexico, and speaking of
President Diaz, he said:
"President Diaz is a great man, a
man of wonderful breadth and power.
"I was surprised," he went on, "at
the remarkable success that Mexico
has attained in the effort to educate
the Indian. Mexico has been far more
successful than has the United
States."
The Root party is bringing home
hundreds of gifts from Mexico. Among
them is a handsome pottery vase for
President, Roosevelt. Secretary Root
paid the duty on everything without a
murmur.
TAFT GUEST AT
SOCIAL FUNCTIONS
Secretary Being Royally Entertained
in Manila To Outline Future
Policy of United States.
ALLEGED HORSE
THIEF ARRESTED
Romualdo Techillas Apprehended
Farmington by Mounted Police
man J. B. Rusk.
at
(Omtluuea on Paco Eight)
According to advices received today
at the headquarters In this city of the
Territorial Mounted Police, Romualdo
Techillas was arrested at Farmington
by Officer J, B. Rusk on Tuesday. Te
chillas is alleged to have stolen horses
from Navajo Indians, five of which
animals It is alleged, he sold to parties
in Santa Fe county. Of the eight
horses all but one has been recovered.
Two of them it Is said were pur-
ciiased at Aihuquerque recently ay a
man from the Estancia valley. Te
chillas will be brought here for pre
liminary hearing.
ANOTHER EARTHQUAKE
SHOCK IS RECORDED.
Washington, Oct. 17. Another
earthquake shock of much less vio
lence than that of yesterday was re
corded at the weather bureau shortly , organized
Manila, P. I., Oct. 17. Secretary of
War William H. Taft of the United
States, was entertained at luncheon
today by Major General Leonard
Wood, commander of the military di
vision of the Philippines. This after
noon aud this evening he attended re
ceptions.
Secretary Taft is not Inclined to
discuss any Philippine Issues until af
ter the official banquet to be given in
his honor on Monday night has been
held, when he will outline the future
policy of the United States govern
ment towards the Islands.
COURT SENTENCES
R1CARDO ALARID
To One Year's Imprisonment for As
sault With Deadly Weapon Appeal
Granted to the Supreme Court.
Motions in arrest of judgment and
for a new trial having boon overruled,
Justice of the Peace Ricardo Alarid
who was convicted at the recent term
of the district court of Santa Fe
county on a charge of assault with a
deadly weapon, was this morning sent
enced by Judge John R. McFie to
serve one year in the territorial peni-
entiary,
Tho motions interposed by counsel
for the defendant were argued yes
terday aud idkon under advisement
by the court until today when they
were overruled and sentence pronoun
ced.
The case has been appealed to the
rerrit.nial Supreme Court. An appeal
was prayed for and granted by Julge
McFie. Bond was fixed at $3,00i) which
was promptly furnished.
Judge McFie this morning also im
posed a fine of ?t0 and costs upon
Juan Jose Ortega who was found
guilty of assault and battery in the
county court.
SCHWAB REACHES
SAN FRANCISCO
Steel King Denies That Union Iron
Works Are to Be Sold to Govern
ment May Shut Down.
HUNDREDS OF
TOWNS INUNDATED
San Francisco, Calif., Oct. 17
Charles M. Schwab arrived in this city
last night and in an interview, said:
"I come to determine whether
shall continue to operate the Union
Iron Works or close them down for
good. There is no truth whatever in
the statement that a sale of the works
to the United States government
contemplated, we have lost, money
continuously during the last three
years we have owned and operated the
plant. On our last contract for three
warships we lost over two million dol
lars. We have been hampered by
scarcity of labor and by Industrial
troubles."
Late Reports From Southern France
Confirm News of Disastrous
Floods.
Paris, Oct. 17. Dispatches from
central and south France today, con
firm the first reports of the destruc
tion caused by floods there. The rlv-
BLAZE IN A COAL MINE
IS QUICKLY EXTINGUISHED
Monongahela, Penn., Oct. 17.-
stnall fire last night in Ellsworth mine
No.,1, southwest of here, caused a re
port to be sent broadcast that a ter
rible explosion had occurred. The fire
was quickly extinguished and as all
the miners had left the mine no
one was Injured.
WIRE STRIKE MAY AFFECT
ENTIRE GOULD SYSTEM
Denver, Oct. 17. It is predicted by
Denver and Rio Grande operators that
ers Loire, Rhon'd Saon and their trib- if the vote they are now taking on the
utaries are raging torrents. In nun- question of striking is favorable, the
dreds of cities and towns there Is ea strike will quickly spread to all rail
two to ten feet of water In the prin- roads, included In the Gould system
clpal streets. Great distress has re- involving 15,000 operators,
suited. Railroad traffic is utterly dls-l T
Tho storm center In now. Have vour stationery printed bvthe
Chicago, III., Oct. 17. When the an
nual meeting of the Illinois Central
stockholders reconvened today it was
evident that the chances for a vote
on directors today were very small in
deed. The proxy committee which had
worked the greater part of the night,
had gone through the letters "A" and
"I!" and had gone a little way through
letter "C". After some discussion of
a "showdown" proposition, suggested
by the Harriman forces, in which it
was proposed that all the conflicting
proxies should be thrown out, and
which was objected to by Fish, an ad
journment was taken until three
o'clock that afternoon.
Fish Has Tilt With Stockholders.
At yesterday's meeting of the direc
tors, Charles A. Peabody, president of
the Mutual Life Insurance company,
openly disputed a statement of Stuy
vesant Fish on a certain matter. Fish
became angry and shouted:
"Mr. Peabody, you cannot talk to
me like that, nor is there a man living
with inches enough to tell me I do not
tell the truth."
As Fish, with his cheeks aflame, was
striding from the room, Peabody be
gan to apologize and a member of the
board called after Fish and stated ta
him that Peabody was apologizing and
was sorry for what he had said.
"I have not the slightest interest in
what Peabody is or is not sorry for,"
shouted Fish," and he can go to
blazes."
Peabody collapsed in his chair and
Edward H. Harriman, who had watch
ed the proceedings with amusement,
said:
"Never mind him, Mr. Peabody, let
him go and then we can get down to
business."
BURGLARS BUSY
AT ALBUQUERQUE
Pawn Shop and Saloon Robbed-Two
Suspects Arrested After a Hard
Fight.
MEXICAN CONSUL AT
EL PASO REMOVED
Recent Disclosures of Wholesale
Smuggling on Border Believed to
Have Been the Cause.
El Paso, Tex., Oct. 17. Francisco
Mallen, for thirtoen years Mexican
consul here, has been ordered by his
government to transfer his office to
Consul Lomeli, now stationed at Lare
do. This action is supposed to be the
outcome of extensive smuggling oper
ations recently discovered in Juarez
by which Mayor Montemayor became
a fugitive. Several department heads
were removed, General Ricardo Rojas
committed suicide and many sub
ordinates were dismissed, and several
prominent men jailed.
Special to The New Mexican.
Albuquerque. N. M Oct. 17. Ya-
now's pawn shop and the New Ycrk
saloon were burglarized last night by
unknown parties who entered the two
places by breaking a window glass,
after placing soaped paper over it.
Dozens of pistols, several dozen razors
and some old silver coins valued at
$C0 were taken from the Yanow store
and $35 in money and $10 in cigars
and liquor were taken from the New
York saloon.
Two suspecl3 were arrested early
this morning by the police after a
hard fight in which Officer Rossi was
badly bruised, but as yet neither of
the prisoners can be Identified.
SAMPLE OF ORES
ON EXHIBITION
Rock Containing Gold, Silver and Cop
per From American Group of
Mines Near Santa Fe.
Several fine specimens of ore con
taining gold, silver and copper in pay
ing quantities are on exhibition In the
east show window of the Ireland
pharmacy. A placard Informs the pbbs
ersby that the samples displayed were
taken from the American group of
mines which are located on the Pecos
national forest at the head of Indian
creek and about sixteen miles east of
Santa Fe. These mines are being oper
ated under a bonded lease by the Ne-
vada-Goldfield Mining, Milling and
Smelting company of which W. Tre-
maine Watson of this city is secretary
and general superintendent. Two car
loads of the ore are at Glorleta ready
for shipment to the smelter and if the
rock turns out as satisfactory as the.
after 6 a. m. today.
moving seaward.
New Mexican Printing Company.
TRACTION MAGNATE
DECIDES TO QUIT
Thomas F. Ryan Withdraws From
New York Field Will Assist in
Solving Complex Problems.
New York, Oct. 17. Thomas F. Ry-
an, one of the chief figures in the local
traction field, is to retire from further
participation in traction affairs, ac
cording to a statement published yes
terday. Recent conferences hetwapn
Ryan and August Belmont, presumab
ly regarding the pending Investigation
of local traction affairs by the Public
bervice Commission, gave rise to the
reports of Ryan's retirement. He will
retire voluntarily, it is said, and will
lend his aid as far as he la able for a
solution of the problems which the
traction managers are now facing.
KANSAS CITY POLICE
TO ARREST ACTORS.
Kansas City, Oct. 17. Unusual tac
tics are, it is stated, to be employed
here in an attempt to close the local
theaters Sundays by the arrest on
Saturday morning of every actor and
actress then In the city who may have
played here in alleged violation of the
law against working on Sunday. This
would involve several hundred per
sons on the boards of sixteen the
aters, large and small In Kansas City.
GERMAN BANK PAILS FOR
FROM 3 TO 7 MILLIONS.
Hamburg, Oct. 17.-The failure of
Haler, Soehle and company, the oldest
hanking house In this cfty was an
nounced today. The liabilities are es-
assays it is said the company will be-1 tlmated at from three to seven mll
cln ovtpnalvo rtpvnlnnmnnt -arnrlr I lion dollars.
1 Hon dollars.