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Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, October 20, 1905, Image 1

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A1LBUQUEBQUE MORNING JOUM
TWENTY-SEVENTH YEAR
ALBUQUERQUE, NEW MEXICO, FRIDAY, OCTOBER 20, 1905.
By Carrier, 60e a Month DOIfC t fT-VTC
By .Mull, $5.00 Year 3 HUI 3
1 :
M'CURDY TO
HOLD ONTO
HIS JOB
Asserts lie Cannot Be
arated From It.
Sep-
MUTUAL PRESIDENT SAYS
EE DOESN'T INTEND TO RESIGN
UNQUALIFIED
FALSEHOOD
SJYSCASTLE
Offers to Prove Andrews
Borrowed $200,000.
SANTA FE CENTRAL SAYS
v IT HAS NO NOTES OUT
McCurdy, Junior, Doesn't Know Why
His Traveling Expenses Were
So High But Will
Look Into It.
Officials Declare Road Was Never
in Bel'er Shape and Busi
ness Is Rapidly
Increasing
New York, Oct, 19. Mellaril A.
McCurdy, president ol the Mutual Life
Insurance company, made the state
ment today that he had no Intention
of resigning, that he was elected to
nerve until June 7 nest, and that noth
ing can or will drive him out.
It was also announced from the dis
trict attorney's office thut no action
will be taken regarding the George J.
Plunkitt matter, that was turned over
to the district attorney yesterday by
the legislative committee.
Closing one of the most sensational
weeks of the investigation, the com
mittee Just before adjournment today
concluded the examination of Richard
A. McCurdy, with the exception of a
few details he is to supply next week.
Mr. McCurdy has been on the stand
the greater part of the three days of
this week's session and some of his
testimony hns been the most Bturtling
of any kind that has been adduced be
fore the committee. His testimony,
today, however, was very much of a
technical nature, though it was of
much value to the committee in its
work. When he resumed the stand
this morning It was to take up his tes
timony as to the Mutual Life's con
nection with the trust companies that
w interrupted by adjournment yes
terday. Information furnished by Me
O'irdy disclosed that the trust cornpa
with which the Mutual Life was
connected became very prosperous
soon after they were taken up by the
Mutual Life.
Two cases In point were the Morris
town. Trust company at Morristowu.
ti.J.', where the McCurdy family live,
nnu.the United States Mortgage and
Trust company. ' The former Is now
controlled by the Mutual Life and Mr.
i"eCurdy testified that beside being a
.Vector of this trust company, he Is a
large stockholder and would take
more stock if he could get it.
The Mutual Life keeps a balance of
hot less than $200,000 with this com
pany, on which it draws from 2 to 3
per Cent. The hitter rate has been
paid only since Mr. McCurdy did not
know the holdings of other members
of his family In this company.
In the syndicate operations, the
witness said that he participated not
with the Idea of drawing bonds, but to
obtain his shartsof the commission ul
lowed by bankers.
Mr. McCurdy was asked what life
Insurance he carried'and he was una
ble to say at once, but James M. Beck,
his counsel, presented a statement
showing when the policies were taken
out. for what amounts and the plan.
These aggregated $200,000, all in the
Mutual. Mr. McCurdy testified that
he was also Insured in the Equitable,
the Washington and the Connecticut
Mutual.
Before he left the stand Mr. McCin
dy said he paid $4,500 for his apart
ment in the Orosvenor building which
is owned ny the Mutual.
when Mr. McCurdy was excused,
his son, Robert H. McCurdy, was call
ed to explain some charges for travel
ing expenses in 1904. He said one of
his duties as general manager was to
visit the agencies about the country.
inree sucn trips were made, the ex
pense of which agregated about 13.
00. Mr. McCurdy said that while on
one trip he was accompanied by his
father, mother, wife and the latter's
maid, but that the expense accounts
were for himself individually, and did
not include those of any other mem
- a t.i i . ....
unr ui ma iamiiy or party, lie nud a
private car on one of these trips. He
could not tell whV the emetine nn
these trips were so large, but said he
wouia furnish details later.
Mr. McCurdy was followed by W.
W. Richards, comptroller of the Mu
tual, who explained the .manner in
wnicn the Mutual acquired soiwi
properties by foreclosure. The com
mittee adjourned until next Tuesday.
ARREST OF PLUNK ETT FOR
PJ2RJ l'HY EXPECTED
Mew York, Oct. 1. The possibility
or arres: ror perjury in evidence glv
en before the legislative insurance
Investigating committee Increased In
terest in today's session of that com
mlttee. Expectation of the arrest grew
out or tne action of the committee yes
terday when It sent for District Attorn
ey Rand at the conclusion of the testl
mony of George J. Plunkett, who had
declared that he dil not sign a vouch
er for $901 for legal expenses, to
which his name was attached. The
voucher had been paid by the Mutua
Life Insuranco Co, This evidence wa
followed by testimony showing tha
other vouchers for legal expenses had
been used to collect funds from the
Mutual for the maintenance of a houjfr
,t Albany, where the Mutual's aaiit
.1
"1
vs quartered and wnere members or
V legislative Insurance
INI II
Will
forvaiY.'
committee
entertained. When the hearln
...... r f ..turril tt-na r.
snoes n
u. I 111
ftreen light
ong by mf
"oilled
mera to
ÍAND
RT IN ACCOUNTS
1 NEVER
BAN
GOT A CENT" SAYS ANDREWS
"FOR. MYSELF OR. FOR. THE COMPANY"
FFICERS SAY HE GOT IT ALL
y Associated Praia.
Pittsburg, Pa., Oct. 19. The Inves
tigation of the affairs of the Enterprise
National bank, Alleghany City, Pa.,
making i.'ood progress. Far into
last night and the early hours of to
day John B. Cunningham, national
bank examiner, Avno was appointed re.
ceiver of the Institution pending his
nvestlgallon, assisted by a large elerl-
al force, labored steadily In an effort
to unravil the extent of the bank's
financial embarrassment. The devel
opments following the tragedy and
losing of the bank have been start
ling, involving' as they the names of
several prominent citizens who have
been active in state politics.
According to President Gwinner, the
bank, through Cannier Clark, has fur
nished niont of the funds used to float
the Santa Fe Central railroad and the
Pennsylvania Development Co., In
which former State Senators W. H.
Andrews and Arthur Kennedy, and
Francis J. Torrance were deeply In-
tereted. together with Cashier Clark.
The two projects are allied ones.
Former Senator Arthur Kennedy Is
president of the Development Co. and
former Senator W. H. Andrews Is
president of the other. Francis J.
Torrance Is heavily Interested in both
nncerns and his confidential man. W.
C. Hagan, Is secretary of both com
panies. '
T. Lee Clark, the (lead casnier or
the Enterprise, was treasurer of both
companies, and the bank was the cus
todian of their bonds which were held
is security for the loans. , Personal,
notes of the promoters are also re-1
ported to be among securities fur
nished the bank.
Former Senator Andrews denies the
statement of President Gwinner and
says he never got a cent from the
bank. ......
Mr. Torrance s ill and Secretary
Hagan, speaking for him. also denied
hat he had been a borrower, for
mer Senator Kenneay is en ruuic iu
his city and Is expected some time to
day- .
Unon reaching nere a meeting u
the directors will be called, and It Is
lid a complete statement of the con-
lltlon of the companies connected
with the bank will be made, Since the
closing of the bank It has developed
that the United States government aim
Hate officers have been. In Pittsburg.
md particularly, it was said, to mane
an Investigation of the statement re
cently made by Homer L. casue, pio-
hibltlon candidate for supreme juuki-,
relative to the accepting of money
from the state with the understanding
that certain politicians would have
the benefit of the loans.
Clark Worth S3",-
An Inquiry Is being made Into
Cashier Clark's affairs. He was esti
mated to have been worth $300,000.
but his friends say that he sank all his
assets In an attempt to reimburse the
bunk and that his suicide followed his
failure to stem the tide.
They declare he was ruineu oy u-
Iness associates anu inai u m "
found that he Is not a aerauner.
The Company s mbipuk i.
At the conclusion of a special meet-
ihls afternoon of me j-ama re
Central Railway Co. and the Penn
sylvania Development CO. on oenuu ui
which concerns tne iuie i. m.
u tn have negotiated loans, the
officials gave out the following state
ment: . , ,,
"The Santa Fe central uauway u.
was built by the Pennsylvania Devel
opment Co. and completed about two
years ago. This Toad Is In good con
dition and earning much more than
operating expenses ad the earnings
are steadily Increasing.
The railroad company n
notes out. We are not aware oi nj
notes of the Pennsylvania Develop
ment Co. In the Enterprise National
bank and the company has no record
. ...,.v, if however. Mr. Clark used
any notes of this company In his bank
they will be pain.
kKnrMna in Mr. Cunningham the
books are In a badly muddled shape
and It will take some time before a
statement can be given to the public
as It will take days of work on the
books before they can De siraigmoncu
"Ut. . A..,.,., .
Accuses vmircws in tik-uwu.
rvmmi.ntlnir unon Mr. Andrews' de
nlai that he hod received any of the
t,,.u' mnnev. Homer L. Castle, prohi
bition candidate for superior juukb.
Special to the Morning Journal.
Pittsburg, Pa., Oct. 19. W. H. Andrews, better known as "Dull," ter
ritorial delegate from New Mexico to congress, whose name has been men
tioned frequently In connection with the Enterprise National Hank of Alie
gheny came to Pittsburg yesterday from Washington, where with Governor
Miguel A. Otero, of New Mexico, he had an interview with President Roosev
velt. '
Mr. Andrews did not seem much concerned over the closing of the Enter
prise Hank, and the suicide of Its cashier, in spite of the fact that T. Lee
Clark, the dead cashier was treasurer of the railroad company In which Mr.
Andrews Is Interested and also in spite of the fact that Fred Gwinner. Sr.,
president of the Enterprise bank, said that Mr. Andrews had got $600,000
from the bank. Mr. Andrews made an unqualified denial of everything, say
ing that he had never been In the bank and had never gotten any money from
It. He was very cool and very Inscrutable as usual, but denied absolutely that
he knew anything of the bank's condition or standing.
"Mr. Andrews, It has been said that you have at various: limes got large
sums of money from the Enterprise bank," It was suggested.
"I never was in the bank In my life and I never got a cent of money from
it," was the positive rejoinder. Í .
"It Is said that you have gotten large sums for the Santa Fe Central
Railway company, of which you are president," was the next suggestion.
"No sir .that is a mistake, I never
got any money for myself nor for the
company." " ,
"Do you know of any person who
has gotten money from that bank, or
any person who has paper In It?" wa
asked.
"No, I do not," he replied.
"Do you know anything of the fi
nancial condition of the bank, as to
what extent It may be Involved?
ANDREWS REFERS IT ALL
IX) PRESIDENT KENNEDY
"No, I really know nothing about
the bank. Clark was treasurer of the
company In which I am interested,
but other than that I cannot see
i
where It toucheg us at all."
"Arthur Kennedy, president of the
Pennsylvania Development company
which Is the active one of the various
companies Interested In New Mexico
will be In Pittsburg tomorrow morn
; O
: - .
i y
DELKOATK W. II. AXDRIAVS.
Ing. He may know something about It."
Later Mr. Andrews was informed of the statement made by President
Gwinner, of the bank, that he had got $400,000 from it. Mr. Andrews smiled
a ghost of a spiile and repeated "I never got a cent from It. but how do they
know that I got any money?" he asked, with a show of interest.
V
DKXIES GWIXXICRS STATEMENT.
"The board of directora met this afternoon and Piesldent Gwinner saM
after the meeting that the bank had between $000,000 and $700,000 of state
funds on deposit and that of that sum you had got about $400,000. and the
politicians the rest."
"I never got a cent of It," repeated Mr. Andrews, turning to his desk to
resume his Interrupted work. Mr. Andrews was In the office of the Santa Fe
Central Railway company In the Arrot building when seen by the reporter
for the Journal. ,
POLITICIAN SAYS (WIXXEU IS CORRECT.
"If W. H. Andrews says that he never borrowed a penny from the Enter
prise National bank lie is a prevaricator by any standard yet set up by hu
manity. I know that two weeks ago there was a note signed by W. H. An
drews and endorsed by Francis J. Torrance and F. R. Nichols and calling for
$200,000 In the Enterprise bank." In this statement Homer L. Castle, candi
date for superior court Judge, tonight answered the assertion of Former Sen
ator Andrews that he had never been a borrower at the bank. Mr. Castle
continued:
DOESN'T LIKE THE SECURITY.
"Do you know what this Santa Fe Central railway Is, where It begins and
where It ends? I can tell you," continued Castle. "It begins at one collection
of shanties, known as Andrews and It runs to another collection of shanties,
known as Torrance, and this Is the proposition on which the statements of the
Enterprise bank's officers show that $700,000 of the $800,000 of state deposits
was loaned."
TORRANCE 'SIGNS DENIAL.
The directors of the Santa Fe Central Railway company and of the Penn
sylvania Development company issued a statement this afternoon denying
thjjt any money hud been borrowed by them from the Enterprise National
bank. This Mateinent Is slftncd by Arthur Kennedy, Francis J. Torrance, W.
II llllMU'U lltlll W f Ifllffflll.
to Investments in these companies and the loaning of money to thesfn
panics on ineir Donus wiai Lunnirr i, i.ee v.iainn mrnu.i Hiuiifuic ii'b
downfall and the present embarrassment of the Enterprise National bank.
President Frederick Gwinner, of the bank, says the loans on the bonds of
these companies made the trouble. He says the loans were made from state
deposits and that the collateral put. up for them Is worthless. This collateral,
it Is alleged, consists of the bonds of the Santa Fe Central Railway and the
Pennsylvania Development company, although the directors of these com
panies deny this.
TARHEELS
WELCOME
PRESIDENT
Roosevelt Gets Ovation in
North Carolina.
1 1
MAKES THOUGHTFUL ADDRESS
ON RAILWAY OWNERSHIP
In Lengthy Speech Executive Points
Out the Need of Government
Supervision With
, Proper Limits.
f It IS
companie
PENNSYLVANIA
BANK FAILURE IS
CAUSE OF SURPRISE
Institution Well Known to
Albuquerque Financiers.
LITTLE CONCERN AT EFFECT ON
THE ALBlQl'f RQUE EASTERN
ing
CLERK KELLY OF CITY MARKET
IIOl'KEH ARRESTED FOR EMBEZZLEMENT.
I,.
lO'lt William II. Andrews a-wHs thiM
lie never receive n s'mi t
defunct Enterprise National bank ami
that Ids name does not apieur on pa-
per for a Hum secured from that In
stitiiyoii, he la guilty oi an unquiim
fnlM'hiHxl. I tun furnish convincing
proof. If required, that Mr. Andrew
has rei-elved money from not oni
this Institution. lut from other hanks.
I cannot say that his loans aggregated
such a large sum as lias been rciwrteil,
but I do know nml am prepared to
proxe, that Ills name U on a note al
the Eulcrprlsc bank for $200,000. The
Hole whs Indorsed by Francis J. Tor
rance mill Arthur Kennedy, anil the
loan was gained through Mr. Andrews'
pull, which Insured the bunk a state
Cleveland, Oct. 19. John J. Kelly,
clerk of the city market houses, was
iirrested today on a warrant sworn
out bv Director of Public Works Les
lie. Kelly Is charged with having ,u..M))t,'
failed to account for $7.429 In rentals (., ne ,ald
public markets. He was released this
i v'tilng on $lfi,0(lrt ball. Kelly is lij
dcr bond for $5,000.
I believe that
I have Information sufficient to snow
that -prtaln slate officers lent direct
(ConlJnued on Pnge 2, Column 3.)
TO FINISH PRIVATE
' LINE HEARING
CAR
TODAY
Washington, Oct. 19. Several traf
ile managers of southeastern railroads
testified before the Interstate Com
merce commission today In the pri
vate car Inquiry concerning the man
ner of handling fruit and perishable
products In their territory. Most of
them said they have entered Into ar
rangements with private car lines by
which the latter engaged to take the
responsibility for the handling of the
fruit, the railroads acting as agents
only In the matter of transportation.
A. Allls, an Ico manufacturer of Ail-gc.-ia,
(la., submitted a contrac t his
ccmpaiiv has to supply the Armour
car lines with Ice and gave many de
t ilia concerning the arrangement with
the private car line. It Is expected
the hearing will be concluded tomor
row. .
The sensational failure of the En
terprise National bank in Alleghany,
Pa., announced In the Morning Jour
nal yesterday', caused surprise and
something of a stir In local financial
circles. The bank Is well known to
Albuquerque bankers, through the
arge number of Pittsburg people who
have been iji Albuquerque from time
to tima and It was considered one of
the strong banks of the western part
of the state. The cashier, T. Lee
Clark, whose tragic, suicide disclosed
the troubled affairs of the Institution,
wa also known to a number of Albu
querque men, who had met mm in nis
capacity as treasurer of the Santa Fe
Central railroad.
Most people who are familiar with
the affairs of the Santa Fe Central
and the Albuquerque Eastern are mys
tified by the conflicting statements as
to the alleged loans of the bank to the
railroad company.
On one hand, as shown In the In
terview with Delegate Andrews in the
Journal today, the delegate denies
ever having signed paper to the bank
either for himself or the company.
while the other Ilttsburg directors of
the railroad Issuo a signed statement
to the same effect. On the other hand
the president of the closed bank, and
th friends of the dead casnier, are
quoted emphatically to the effect that
Mr. Andrews Is on the banks paper
for at least $700,000. In view of these
conflicting assertions most people are
inclined to wait for further develop
ments before concluding even that the
Santa Fe Central Is involved In the
failure.
The effect of the rollapfte of the
bank on the Albuquerque Eastern has
not been seriously considered by well
Informed men. It was suggested last
night by a man thoroughly familiar
with the situation that It might serve
to delay the construction of the re
maining few miles for a short time.
lint hA nritllrt Mt'p nil rCiljuin w hv it
Should dnlay the competition for long.
The Investment In the Santa Fe Cen
tral and the partly completed Albu
querque Eastern Is a large one. and It
not In the realm of probability that
the men who have built It, or the men
who control it in future, will allow
the investment to prove worthless be
CLEVER THIEF GETS OFF
WITH $10,000 IN DIAMONDS
SUNDAY SCHOOL
TEACHER SMITH
UNDER INDICTMENT -
Former Louisville Banker
Now in Porto Rico.
New York, Oct. 19. Mrs. George W.
Hoadley, wife of the manager of the
International Power Co. and president
of the American Hrldge Co., was rob
bed of $10,000 In diamonds at her
home In the Buckingham hotel late
Tuesday night.
The fact became known with the ar
rest today of John Yorke, a waiter,
and Albert SchulU, who until two
weeks ago was a bellboy at the hotel.
SchulU gave up his position or was
discharged a week ago. Detectives
claim to have learned that since he
left the hotel he 'has been hanging
about the house In a disguise with
a fal.se mustache. On the strength of
this report he was arrested utid Yorke,
with whom he lived, likewise was tak
en Into custody as a suspicious person.
When the prisionera were arraign
ed In the police court the magistrate
remanded them until tomorrow.
Neither suspect would talk In court
except to deny the charge.
the road, and who will build the Al
buquerque Eastern. Mr. Hosewell has
been In Denver for some days. He left
that city for Albuquerque last night
and should arrive hero tonight.
RIPLEY WOCLDVT lI Y
"ANDREWS' UTILE ROAD"
Chicago, Oct. 19. President Ripley,
when told It was reported the failure
of the anta Fe to buy the Santa Fe
Central had be'.'ii productive of the
trouble In P ttsburg, said: "We
thought of buying Andrews' little road
some months ago, but the owners
wanted too much for It. As far as we.
are concerned, the matter Is dropped.
I do not see how the Pittsburg bunk
could be concerned In the matter, un
less It had been putting up money
to build the road, hoping to be able to
sell It at a profit."
GIRL'S CAUTION CAUSES
BIG BURGLAR ALARM
EMPLOYE EXPM)IES STORY OF
DIAMOND NECKLACE
ROIlltERY.
CUNLIFFE'S PLUNDER
IS BEING RECOVERED
New York, Oct. 19. A girl employ
e's caution In hiding a piece of dia
mond Jewelry over night resulted In
an alarm today that a necklace worth
cause of the few remaining miles of several thousand dollars had been
construction needed to make It a pay-. stolen
Ing proposition. This in the view held
generally br well Informed men. who
say that even should a receivership re
sult for the Santa Fe Central the first
move would be the completion of the
valuable little stretch of track Into this
city.
In view of the positive denial of Mr.
Torrance und Mr. Kennedy, there is
plenty of reason to doubt that the
Santa Fe Central cVen, Is involved In
the failure of the Enterprise bank.
The only man In the west at thU
time who ran give definite informa
tion sn to where and when the Santa
Fe Central has borrowed Its funds Is
W. S. Hopewell, the man who built
I'ntll the alii herself arrived to re
veal the missing Jewels' hiding pUVs,
William Schers manufacturing Jewelry
establishment at 45 Fifth avenue was
closed to every one except detectives
and employes, the latter being posi
tively forbidden to leave the place.
The girl, who works as a polisher, ap
peared at work late, and said that hav
Ing twit finished burnishing the Jewelry
before the safe was dosed last night
she had hidden it.
The baffled detectives and the force
of employes were then led by the girl
to the place where she worked last
night. There the Jewel was still con
cealed. (
NEARLY $80,000 OF EXPRESS
COMPANY'S MISS HAS MEEN
IN EARTHED.
Mrlstol. Conn., Oct. 19. Nearly
$80,000 of the plunder stolen by Ed
ward George Cunllffe from the Adams
Express Co. In Pittsburg was recov
ered tonight at the .home of Cunllffe's
brother-in-law, Joseph W. Roardman.
The money was In i suit case, senl
from Rrldgeport to lioardman, and
had not been opened up to the time
that Moardmar'H house was visited.
Ronrdman knew nothing of the money
being In the house.
ltomu:it MAKES (LEAN
BREAST OF HIS DEED
Rridaenort. Conn.. Oct. 19. Edward
Geors-e Cunllffe. wanted In Pittsburg
for the robbery of $101.000 In cash
from, the Adams Einess Co.. was ar
rested here today. He :. said to have
made a clean breast of the matter
ro the Plnkertons and expressed
a willingness to return without ex
tradition papers. v
He declared that the money he
look was still Intact, urrd that It could
hn reittored. but he declined to tell
until his return to Pittsburg where
It was hidden.
Jerry Simpson lU'lghlcr.
Wichita, Kas Oct. 19. -Ex-Congressman
Jerry Simpson Is brighter
this morning than at apy time since
Monday. He slept the greater part of
the night. The attending physician
holds out no hope but says death I
likely to occur at any time.
Ilryan Much Feted.
(Tokio, Oct. 19. American Minister
Lloyd C. OrU( om will present William
J. Bryan to fhe emperor on Octlber 21.
Huntington Wilson, secretary of the
American legation, gave a luncheon
today In honor of Bryan. Orlscom will
give a dinner to Bryan tomorrow.
CHARGED WITH EMBEZZLEMENT
OF THE SUM OF $193,013
Louisville, Ky., OcL 1 a. W. U.
Smith, former president of the West
ern National bank, of this city, wo
Indicted today by the federal grand
Jury on ten counts charging him with
embezzlement, making false entries
and misappropriation of the funds oi
the bank.
Tho total defalcation charged In the
Indictments Is $198,013, divided us follows:
False entries, $135.966.
Misappropriation, $12,047.
Embezzlement, $50,000.
Mr. Smith Is said to be In I'orti
Rico, and it is alleged a cablegram hat
been received from him saying he wll.
return to loiilsvllle on October 29.
Mr. Smith formerly took a prominent
part In church affairs and -taught a
class in the Broadway Methodist Sun
day school of Paducah. He owned an
Interest in the Ledger. He also' had
stock In the Jackson Whig, a newspa
per published at Jackson. Tenn.
lie was formerly president of tht
Peoples' Home Purchasing Co., of Pa
ducah. which Is now In the hands ol
a receiver, a fraud order having beer,
issued against It by the government
several months ago.
eperor1cholas
proclaims peace
IIREAKS IT TO SUMEOS
C Rl I.L WAR IS
OVER.
THAT
Greensboro. X. J., Oct. 19. Lusty
cheers of welcome from the throats of
thousands of men, women and children
greeted President Roosevelt as he
stepped to 'tie observation platform of
his car when the special train bear
ing him and his party stopped at the
Southern Railway pnwsenger station in
C.reensboro at 4 o'clock this afternoon.
The president responded by smil
ing, bowing and waiving his hand. Ha
tddresHed the gathering briefly.
PRESIDENT ADDRESSES RIG
CROWD IN RALEIGH
Charlotte, N. C, Oct. 19. The ova
tion which President Roosevelt receiv
ed during his Journey through a por
tion of Virginia was continued today
is he traveled through North Caroli
na. Beginning with his arrival at Ra
leigh at 9 o'clock this morning, he was
greeted by cheering crowds at Dur
ham. Greensboro, High Point, Lexlng
on, Salisbury and Charlotte, the de
monstration In this city being a fitting
farewell of the citizens of the old Tar
heel state. The feature of the day was
ills visit to the fair, which Is In prog
ress at Raleigh. Here he delivered an
iddress which dealt with the lmport
int questions of railroad ownership
ind the organization of capital and
abor. His speech was given ciose m
ention, and he frequently w Inter
rupted by hearty applauie. He was
iccompanled to the fair grounds by
Mrs. Roosevelt, and sho, too, was the
recipient of much attention.
The President's Address.
The president said: I am gld to be
here at the capital of North Carolina
o have a chance to greet so many of
he sons and daughters of your great
date. North Carolina's part In our
ilstory has ever been high and hon
orable. It was In North Carolina thut
he Mecklenburg deelarutlon of in
dependence forshadowed the course
aken In a rew snon niomim uy m-j
epresentatives of the thirteen col
onies assembled at rniiaaeipnia.
nrth r.noltna cun rightfully say
hat she 'lolnted us the way that led
'o the formation of the new nation.
In the revolution she did many me
norsble dee'is; and the battle of
King's mountain marked the turning
mint in the revolutionary war In the
louth. But I congratulnte you not
inly upon your past, but upon your
iresent. I congratulate you upon the
great Industrial activity shown n
,our commonwealth, on industrial ac
ivity w hich, to mention but one thing,
las placed this state second only to
ne other In the number of Its textile
factories.
Substantial Foundation.
You ure showing In practical fash
ion your realization of the truth thut
ihere must lie a foundation of mater
ial well-being In order that any com
munity may make real and rapid pro
tress. And I um happy to say that you
ire In addition showing In practical
fashion your understanding of thu
treat truth that this material well
being, though necessary an a founda- .
tlon, can only be the foundation, and
that upon It must be raised the super
structure of a higher Jlfe, If the com
monwealth is to stand as It should
ttand. More and more you are giving
.-are and attention to education; and
"duciitlon means the promotion not
only to Industry, but of that good citi
zenship which rests upon individual
rights and upon the recognition by
ach Individual that he has dutl'-s as
well as rights In other words, of thut
good citizenship which rests upon mo
ral Integrity mid Intellectual freedom.
The man must be decent In his home
life, his private life, of course; Suit,
this Is not by Itself enough.
The Real Anarchist.
The man who falls to be honest
ind brave both In his political fran
chise and In his private business con
tributes to political and social anar
chy. Self-government Is not an easy
'hing. Only those communities are
It for It In which the average Individ
ual practices the virtue of self-com-nand.
of self-restraint, of wise dlsln
erestedness combined with wise self
nterest; where the Individual possess
es common sense; honesty and cour
age. And now I want to say a word to
vou on a special subject In which all
he country Is concerned, but In which
North Carolina has a special concern.
The preservation of the forests is vl
'iil to the welfare of every country,
hlna and the Mediterranean coun
ties offer examples of the terrible ef
fect of deforestation upon the physi
cal geography and therefore ultimate
ly upon the national wellbelng of the
nations.
Duty to Keep the Forests,
One of th most obvious dutle
which our generation owes to the gen-,
flraflons that ure to come after us Is !n
preserve the existing forests. The
prime difference between civilized and
uncivilized peoples is that In civilized
peoples each generation works not
inly for its own well-being, but for
the well-being of the generations yet
St. Petersburg, Oct. 19. An Impe
rial manifesto was issued today proc
lamating the ratification of peace be
tween Russia and Japan, It says:
"God has caused our f.itherlund ti
suffer sore trials from the brows o!
fate In a sanguinury war. bat thi-
struggli 1ms afforded manifold proof
of the bravery and rouruge of oui
Hlorlous troops against a brave and
mighty enemy. This war, so painful
for us all, Is now over. The eastert.
portion of our country will develop It
self in peace and good tteJghhorlinesi'
wilh the Japanese empire, which hiu
now become our friend.
"In rninmiinlrutliiff lh rnnlrti-utlrtn
lit nun,. A I n niir in 1, h-a ii r anri. I unborn, and if wo permit the natural
they will join In our prayers to Uod ,e1uri'e of this land to be destroyed
to give a blessing- on our great labor ',"'t hand over to our children
,.. .. .i.u " ...j ... t her tasre d m n shed in value we
the people for the development and
prosperity of Russia.
"(Signed.) NICHOLAS."
Killed I Railway Station.
Houston, Texas, Oct. 19. WhllO in
thereby prove our unfitness to stand
In the forefront of civilised peoples.
One of the greatest of these heritages
Is our forest wealth. It Is the upper
altitudes of the forested mountains
that are most valuable to the nation
is a w hole, especially because of their
ihargti of a tralnioad of excursionist Lffgcti upon the water supply. Neither
en route to a circus at Palestine. Sp
cial Officer J. W. Etherldge. of the In
ternational and Great Northern rill
way, was shot and killed In a crowdoj
depot at Troupe, Texas, by a passen
ger whom he hud ejected from a chair
car.
Mate nor nation can afford to turn
thine mountains over to the unre
strained greed of those who would ex
ploit them at the expense of the fu
ture. I-an not afford to wait loo
ter before assuming control, In the
iinterept of the public, of them? forests;

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