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OUR FARMS IN 1907 i YIELD SEVEN BILLIONS | Secretary Wilson’s Annual Report Gives Dazzling Figures. - CORN IS KING, HAY SECOND Farmers Grow Rich—While Products Are Smaller in Volume, Their Value Exceeds Average—Cotton ' in Third Place. Washington, D. C.—The farmers of the United States poured into the domestic and foreign markets during the fiscal year of 1907 the amazing total of $7,412,000,000 in valuation of all kinds of farm products. This unassailable evidence of the remarkable prosperity of the country figures in hard cash ten per cent, more than the agricultural interests of the country obtained for their products during the fiscal year 1906. Moreover, it is an increase of fifty seven per cent, over the total realized in 1 899. To the average mind the total valu ation of farm products in the United States in the fiscal years from 1899 to 1907, inclusive, is so vast as to be al most incomprehensible. Secretary Wilson, of the Department of Agricul ture, in his annual report, made pub lic, gives this total as $53,000,000, 000. “It is only by comparison,,” says Secretary Wilson, “that a glimmer of understanding can be given to such numbers as the foregoing. Enough is apparent, however, to make it plain that the farmer of the United States is in a business that counts for na tional welfare by providing the wherewithal on a scale of magnifi cence that defies the imagination to comprehend. ” Mr. Wilson lays especial stress and draws an interesting comparison in figuring the value of the year’s corn crop, which he estimates at $1,350, 000,000, granting that it sold at the present average price. This is an i crease of twenty-six per cent, over the average value of the five previous crops. “Tl>3 farm value of the corn crop of eight such years as 1907,” says Mr. Wilson, “would pay for duplicating every mile of steam railroads in the United States, and pay for their cost ly terminals, rolling stock and all property. In thirteen years it would replace the present banking power of this country in banking capital, surplus, deposits and cirimlation, and in seventeen years it would replace the banking power of the world." It is not hard to account for the Increased cost of living, after reading the report by Secretary Wilson. While crops in nearly every in stance are smaller in volume than the average for the past five years, their total value is largely in excess of the average, and even of the bumper year, 1906. When, with smaller crops, the Secretary says the farmer this year will have more money to spend and more to invest than ever before, it is evident that the increased cost of food products is being paid for by the consumer. According to Mr. Wilson, the year has been one of untoward conditions, ‘requiring all the skill and industry of the farmer to grow an average crop. The struggle has been not only one of an erratic season, but of a scarcity of help In every State and Territory in the Union. The report pays considerable atten tion to the Durum wheat crop. This species was introduced in this coun try in 1899-1902, having been brought from Africa and Russia by the department, at a cost of $10,000. This year’s crop, covering 3,000,000 acres, which was formerly the home of the cactus and the prairie dog, is worth $30,000,000, or more than twice the annual cost of the Depart ment of Agriculture. Europe took more than 20,000,000 bushels, a large amount of the product going to its former homes, Russia and Africa. The growth of the beet sugar in dustry In fifteen years has been won derful. In 1892 the factories turned out 13,460 tons, while this year the product reached 500,000 tons. Much is said of alfalfa as a wealth-produc ing crop. The total crop for this year Is worth $100,000,000. There are 11,000,000 acres of land under cultivation in the Irrigated re gion, and the total crops are worth more than $175,000,000. Wheat production was six per cent, less than the average, yet its value is more than five per cent, greater, or $500,000,000 in round figures. The increased cost of products is (strikingly illustrated in the oat crop, which was a failure to a great extent. While it is nineteen per cent, less in quantity and quality, it is worth twenty-six per cent, more than the average. Cotton takes third place among products, its value being about $650,000,000, ranking below corn and hay. Rice took a big jump in quantity, the production being ninety eight per cent, above the average for three years. This country now ex ports more rice than it Imports. The advances in the prices of but ter and milk have made the dairy pro ducts alone worth $800,000,000, or much more than any crop save corn. The egg and poultry products were worth over half a billion. On a value basis, farm and forest products made up seventy-one per cent, of the total exports of the Uni ted States, and the Secretary says our foreign credit is mainly sustained by our farmers. No More an Autocrat. The Duma decreed that the title “autocrat,” borne by the Emperors of Ruesia for centuries, is no longer tenable, within the Russian State. Malt Liquor is Intoxicating. The Minnesota Supreme Court has decided that a “malt” liquor is an “intoxicating beverage.” Big Fire in Cody, Wyo. The business districtof Cody, Wyo., was practically wiped out by lire. The loss is placed around $100,000. Newsy Gleanings. A11 the Governors have been in vited to the White House in May. Viscount Aoki denied- that he had Invited Rear-Admiral Evans and his lleet to visit Japan. Advices from Brussels hint at a complete disagreement between King Leopold and the Congo delegates. The Sturgis liquor law deputies were mobbed by a crowd of 1000 persons during a raid at Oldtown, Me. German students in the Berlin Uni versity denounced drinking and formed an organization to check the habit. FACTORY MS RUN DOWN Five Killed and Six Injured in a Shocking Accident. Wnterbnry's Trolley Disabled by Mo torm ail’s Frantic Effort to Clear a Railroad Crossing. Waterbury, Conn.—With its mo tive power suddenly disabled an Oak ville trolley car, loaded with employes of the Oakville Pin Company, was run down and wrecked by a freight train on the West Main street crossing of the Highland Division at 7 o’clock a. m. The dead were: Annie Corcoran, twenty years old. Robert French, twenty years old. Walter Hayes, seventeen years old. ■Tane Kelly, thirty-nine years old Sarah Ryan, twenty-six years old. The seriously injured are: Charles Learned, motorman, contusions, cuts and temporary insanity; Andrew Le glien, head badly cut and arms in jured; Kittle Hanley, head cut; Mar garet Mellen, both arms broken; Jen nie Benson, crushed foot: Theresa Kolia, ankle broken; Sadie Allen, legs cut off; ,T. S. Bassett, dislocation of the shoulder and injuries to the knee and hands; Bridget Hanley, fractured skull; John Kaezergis, No. 62 James street, leg shattered. Charles Learned, motorman of the car, who escaped by jumping through the glass window of his vestibule, was locked up, raving mad. John Dillon, the conductor, who signalled the car to go ahead, and John Flavin, the gateman, who raised the barrier and let the car upon the tracks in the path of the onrushing train, are also held without hail. A passenger train had just passed and, although the alarm bell was ringing Flavin raised the gates. He says that the bell rang most of the time anyway, whether a train was near or not, qnd that, he supposed its ringing was caused by the passenger train which had just gone by. In accordance with the rules Dil lon, the conductor, walked across the track in advance of his car carrying a red lantern, for its was still dark. Had he turned his head he must have seen the freight, pulled by two loco motives, dashing toward him. But he did not, and raised his lantern, the signal for the car to proceed. With his car squarely on the crossing Learned heard the roar of the train and looked up to see the headlight almost at his elbow. He swung on all the power, but this blew out the fuse and the car was stalled. Then Learned plunged head first through the window, and the crash followed. The car was struck full in the centre and carried 200 yards up the track. Learned, the motorman, when he saw what had happened, is said to have tried to dash out his brains against a curb stone. The dead were so horribly mangled that for a long time their closest rela tives, were unable to identify them, and the undertakers had trouble in getting the bodies together. Fortune St. Pierre, a passenger on the trolley, probably owes his life to the fact that he broke his pledge of a year and yielded to the longing for a cigarette. From the centre of the car he went to the front platform and got tobacco and paper from Learned. He leaped from the door just before the collision came. HOLD COTTON AT 15 CENTS. Planters Propose to Store 6,000,000 Bales to Get Their Price. New Orleans, La.—The holding by cotton planters of at least 6,000,000 bales of this year’s crop in ware houses until cotton brings fifteen cents a pound was the principal ob ject of a meeting of the Board oi Directors of the National Farmers' Union here. Fifteen directors parti cipated. The financial situation was thought to roquire the most careful co-opera tion by planters in order to hold up the price of cotton. It is proposed to store the cotton in warehouses and to make n warehouse receipt on cotton as nearly as possible the equivalent of money, in order better to insure the success of the storing scheme. The recommendations adopt ed at to-day’s meeting will be sub mitted to the vote of cotton planters in each of the States represented at the meeting. • These States are Louisiana, Texas, Mississippi, Georgia, Alabama, Ten nessee, Oklahoma, South Carolina and Arkansas. CHRISTMAS TREE HARVEST. About 150,000 to Como This Year From New Brunswick. St. 8tephen, N. B.—Cutting of fir trees in New Brunswick for export to the United States, to be used as Christmas trees, has reached larger proportions this season than ever be fore. The American buyers have fouud that it is much cheaper to get the trees from Canada than from Maine, the Canadian stumpage price and wages for labor being much be low the American rates, and with no duty imposed on the exportation of the trees, the conditions all favor Canada in its rivalry with Maine for the Christmas tree business in the United States. It is estimated that the province of New Brunswick will export at least 150,000 trees to the American market during the next monlh for the Christmas trade. The prices offered are generally regarded as high. Active Business Throughout Country. The country is still doing so much business that there are not cars enough to take care of it. That is a good Indication of continued pros perity. Mayor Kills Himself. Mayor John Van Fossen, of Ypsi lanti, Mich., shot himself through the head and died soon after. He once was in an asylum and feared a return of insauity. The Labor World. A new union of steam engineers was recently installed at Lowell, Mass. A new district council of carpen ters has been organised at St. Paul, Minn. Barbers In London, Ont., have re ceived an Increase of $1 a week in wages. i. The American Federation of La bor voted for the exclusion of all. Asiatic labor from the United StateB. The United States Printing Com pany closed its largest plant, in Brooklyn, locking out 1200 -employes. PANIC-MUM ! —Cartoon by F. Bowers, in the Indianapolis News. - - - - - / SOME EFFECTS OF THE RECENT FINANC IAH- CRISIS^ Panic began on October 10. Ten banks in New York City suffered runs, some of which forced suspension. Thirty-five banks in other cities suffered runs. Eighteen deaths have resulted, either suicides or tlirough sickness j brought on by worry. Three men have been indicted and arrested for bank fund juggling; at least four others are likely to be. Seventeen banks in New York City suspended payment wholly or in part. Fifty-four banks in other citites suspended. Fifteen of this whole number have resumed. About $125,000,000 has been withdrawn from banks in New York , City, much of it, however, to be redeposited in other banks. $335,000,000, estimated, has been withdrawn from banks elsewhere. Gold engaged from abroad. $81,225,000 Money sent from New York for relief of interior.100,000,000 t Cities over 100,000 population using clearing house certifi cates . 23 Amount of clearing house certificates outstanding in New York.$73,000,000 *Mills and factories closed or party suspended. 125 •Number of employes out of work. 135,000 Number of factories and mills assigning. 14 **Amount of money involved in failnres.$28,805,000 Facts of Previous Panics. 1857.. .. Specie payments suspended 8 weeks. 1873. . . .Specie payments suspended 8 weeks. 1803.. .. Specie payments suspended 5 weeks. ♦ Only enterprises employing 500 or more men considered. Rail- I way operations included. * * Only failures involving $5000 or more considered. Above facts and figures taken from telegraphic advices to the New York Tribune from all over the country. RESUME OE THE PANIC. Tragedy and Comedy—How the Country-Wide Financial Squeeze Grew From a Small Failure. New York City.—The financial squeeze has now been on for a trifle more than four weeks, and the people all over the country, realizing that the worst is over, are gathering about the stoves in the corner stores, dis cussing what might be called the superficial developments of the panie. Some of these are mentioned, even yet, with the old shiver of alarm. In many of them, however, is found humor; in others tragedy. For instance, back in Kankakee the experience of the old "tight wad” money lender who went to the city to collect a note, insisted on currency and had to charter a truck and a freight car to get it home is greeted with uproarious laughter. But the story of the little widow just around the cor ner is recalled in silence. Her small sum was in a city bank which closed. She stood before its doors a whole night and a day, and came home, when the suspension notice was posted, weakened in body and literally scared to death. ■ The whole trouble seemed to start from one apparently—at that time —Insignificant failure. The failure, however, was followed by rumors in volving the names of several prominent bankers. These were soon forced out of office, and runs started on their bank's. The trouble spread in waves over New York City. The community’s spine was shaken with the cold chills of panic and the ague passed in waves from Wall Street to Harlem, the Bronx, Brooklyn and Williamsburg. Bank officers who had been skat ing on thin ice scrambled for the shore, but their moves only shattered what support they had had, and they found themselves struggling in the cold black water of the law. On this phase of the situation a Harlem bank president who has been active in the banking world for nearly two score years commented. Banker on the Panic. "There are many bankers, cashiers, bookkeepers and clerks included,” he said, “who would live to old age without the blight of dishonor if there were no such thing as bank runs and panics. A man may have invested the money he has ‘borrowed’—qudte that word, please—so safely that he will actually be able to return it if everything goes right. But the first thing he knows his bank is Involved In trouble like that we have just passed through, and he finds his books in the hands of the bank examiner. Before jumping on necks with hobnails in our boots, let’s stop and think how many honest men to-day would have had the blight of State's prison on their past had a financial flurry occurred at Just the right, or, rather, the wrong time. Who can tell?” The panic passed over the country like a wave, with its start in Man hattan Island. This wave’s progress Is reflected in the news dispatches. The day of the first trouble here, Boston, Philadelphia and Pittsburg were sending in optimistic reports in an "I told you so” tone. The next day the dispatches from these cities told of precautionary measures. Then the pre cautions were taken up by cities a little further on, and those near by found themselves involved in runs and suspensions. And so it went until the wave broke Itself, so to speak, on the Pacific Ocean and the Gulf of Mexico. Different Kinds of Rons. There have been, bankers say, three kinds of runs—panic runs, silly runs and runs started by mistake. The panic runs were the general order resulting from the unsettled state of credit. At least two runs were started by mistakes in newspaper stories about the general banking situation. A run on a bank up the State was caused in this way: The cashier got a telephone message from home that some medicine was needed Immediately for the baby. The cashier called an office boy, followed him to the door of the bank in telling him the errand, and sped him on his way with the ad monition, “Now run.” Unfortunately two or three panicky depositors were entering and heard only the word “run” coming from the cashier. They were Influential men in the community, and when they immediately drew out all their deposits their example was followed by several others. Rumor took up the case there and handled it in its old thorough-going manner. The use of clearing house certlfkfttes and the premium on money have . resulted in Borne curious incidents. In St. Louis the certificates were ac cepted on street cars. In one town in the Middle West where the lack of currency was peculiarly felt the merchants, nearly all of whom were man ufacturers, paid their workmen in the old-fashioned "shin plasters,” and the town is now in possession of a currency of its own, supplemented by that of Uncle Sam. Lots of Silver Used. Restaurant men down town, especially proprietors of the grab-and-run shops, say they have never in their lives seen so many silver dollars and so much small gold. One of the cheaper restaurants in closing business on Friday night had more than $200 in silver dollars. Most of these were bright and new, but dated from 1870 to 1880. The young woman cashier, who heretofore has done the banking for the concern, was unable to caxry the deposit to the bank, and a waiter had to be sent with her. In the mining communities and towns in which large railroad opera tions are going on the employers have been put to it to pay off their men and keep them cheerful. A check means about as much to an ordinary sec tion hand as a Sanskrit handbill, and when the men found they were receiv ing these unusual bits of paper instead of their wages they struck, and in many Instances riot ensued. Many of the shut-downs and curtailments shown in the accompanying table were due solely to the inability of the em ployers to get money to pay off their men, and not to" insolvency And ndw the climax of the situation seems to be past. Factories are resuming work and paying their men in currency. Money has poured out of the banks of New York City and other large financial centres, and been replaced, at least in part, by gold from Europe. Stockings are once more giving up their hoards, and the thin layers of new dust have been swept oft the covers of the Btrong boxes and the lines of depositors are forming at the right windows to give confidence to the weak kneed. The thirty-day limit that many savings banks put upon withdrawals has expired, with few, in deed, to claim their money; the goose iB hanging high. Minor Mention. China ia said to be on the verge of a revolution. President Fallierea will visit the Emperor of Russia next year. Emperor William declared in Lon don that world peace Is his steadfast aim. Admiral Sir John Fisher said that the British Navy had never been so strong as it is now. To copy Gettysburg Ideas Into a proposed military park on the Plains Of Abraham, Quebec, Sir Frederick Borden and General Lake will visit the Pennsylvania battlefield. The World of Sport. Cobb shares with Hal Chase the fame of being “the most remarkable young player of the day. ” Princeton runners defeated Yale representatives in a six and a halt mile race across country by 48 points to 31. The White Stockings have picked up a Chicago semi-professional pitcher named Most, of whbm great things are expected. Frank Farrell, who owns both the Yankees and the Montreal Club, of the Eastern League, has decided to sell hip Canadian organisation, Brief News BY WIRE WASHINGTON. Secretary Cortelyou has made all allotments of the new Treasury cer tificates, and believes that the issue will not greatly exceed $25,000,000. William J. Bryan called at the White House and had a short talk with President Roosevelt. Senators Teller, of Colorado, and Curtis, of Kansas, urged th.e Presi dent to begin prosecutions in behalf of the Kicking Kickapoo Indians in Oklahoma. They say the Indians have been robbed of land to the value of $250,000 by syndicates of promin ent men in Oklahoma. The “blue book" issued at Wash ington showed a total of 306,000 per sons iu the employ of the United States Government. Rear-Admiral Evans said in Wash ington the Atlantic fleet will start for the Pacific on December 16. The Navy Department accepted the submarine Tarantula and has as signed it to the flotilla maneuvring in Narragansett Bay. In Washington the belief is current that Secretary Taft's visit to the Orient, coupled with the transfer of the American fleet, will morally strengthen China in resisting possible aggressions of France and Japan. Plans for a mobile system of coast defense for the Atlantic seaboard by submarines were made by the Navy Department. A letter from the President to mem bers of the Cabinet forbidding third term activity by Federal officeholders was made public. OUR ADOPTED ISLANDS. Felix Daehne, Chancellor of the German Legation at Havana, was ar rested on an embezzlement charge. Regis H. Post, Governor of Porto Rico, is earning much praise by his administration of the affairs'of the island. The natives have made rapid strides along industrial lines under his encouragement. With the completion of the enum eration in Cuba it was stated that the troops may be withdrawn In June. Bepito Legarda and Pablo Ocampo, the latter one of the followers of Aguinaldo, were chosen as Philippine Commissioners to the United States. All of the $5,000,000 loan offered by Governor Magoon to the banks for the purpose of helping the Cuban planters will be taken by the end of the month. Cuba's economic outlook, while far from desperate, is perhaps equally far from encouraging. The proposed $5, 000,000 loan will hardly “open the way for the full reestablishment of agrarian prosperity.” Two hundred Cuban labor leaders were thrown into jail following threats that strikers in the masons' strike would be armed. _ DOMESTIC. At Georgetown, Ky., a jury to try Caleb Powers, charged with the mur der of William Goebel, was com pleted. It was made up of eight Dem ocrats and four Republicans. A combination of Pittsburg bi-ew eries, with a united capital of $25, 000,000, is being planned, and will likely be successfully launched about the first of February, President Eliot, of Harvard Uni versity, addressed the sixty-third an nual meeting of the New England Teachers’ Association, at Boston. The Virginia Supreme Court of Ap peals decided that the police cannot hold a man as a suspicious character, but must have a specific charge against him. John D. Archbold, in’ a speech in New York City, declared that none of his wealth is tainted, and that he had an honorable business career of fifty years. Reductions in prices of all meats except the choicest cuts of beef were announced in Chicago and New York. Clio, Ark., the home of 300 lumber mill employes and their families, is to be depopulated, as the resu.lt of an order issued by Judge Elliott, of Lit tle Rock, which grew out of the recent triple assassination there. H. E. Scliuknecht, assistant Il linois Food Commissioner, announced that buttermilk as sold by the ma jority of Chicago dealers is a compo sition of skim milk and lactic acid bacteria. FOREIGN. The Franco-Canadian treaty, it was announced at Ottawa, is the first of a series of trade agreements to aid Canada in marketing her products. Japanese immigrants were de tained at Victoria, owing to a dispute between the steamship agents and the United States and Canadian immigra tion officials. The declaration of the Government read In the Duma reiterated the Idea of the autocratic power of the Rus sian Emperor as the sole guarantee of security and welfare. . Princ9 Von Buelow discussed for eign politics in the Reichstag, saying Germany was awaiting developments with calm reserve. The Shah of Persia convoked the Assembly, his Cabinet and notables, and warned them against agitation. Earl Grey, in his speech from the throne at the opening of the Domin ion Parliament, discussed the New foundland fisheries question and im migration matter^. It was announced in Stockholm that the next Nobel prize for chem istry will be awarded to Sir William Crookes, of London. St. Paul’s, in London, has acquired with time and sinking foundations a leaning tendency which dismays Brit ish architects. The annihilation of Moorish rebels in the district of Melilla was reported from Madrid. China's clash with Japan and Great* Britain over concessions was com plicated by serious antagonism to the central government in regard to the rights of recovery. . • “Suffragettes" forced Mr. Glad stone, the Home Secretary, to give up an attempt to make a speech at Leeds, England, and a free .fight broke out between the men and women in the audience. Germany’s socialistic leader de clared in the Reichstag that the em pire is facing a financial crisis and that many school children are starv ing. He asserted that evil practices were widespread in the army, but this was denied by the Minister of War. William J. Corcoran, a sailor on the oarkenttne Antioch, was released from irons aboard that vessel by the American Consul at Turk’s Island. C. W. ENNIS & Co. SUCCESSORS TO ENNIS & PARKHURST SOLE AGENTS FOR ROCKWELL PLASTER • Telephone Call 104 Lumber, Shingles, Sash, Blinds, Doors, flouldings, Trimmings, Lime, Cement, Plaster, Lath, * *- ■> MASONS’ MATERIALS Flagging, Curbing, Crossings, Sills, Steps, Coping, Pier Caps, Front Bricko* The Best of Everything Yard and Office Morris Street Opposite D. & L. Station 1 ^ Edward A. Pruden Eugene S. Burk# PRUDEN S BURKE , Telephone 43a I7 Park Place | Coal and Wood ] Telephone 42b I67 Morris St. ilorristown, - New Jersey h._A Washington Market FLORIDA AND CALIFORNIA ORANGES ORAPB FRUIT, PINE APPLES FINE SOUTHERN VEQBi ABLES . - i FISH, OYSTERS and C L A H S KRONENBERG’S Si WASHINGTON ST. Te Oar Subscriber*. When yon wish to change the address ef your paper be sure and send the present address as well as the new one. If this is not done it is impossible to make the change promptly. A DVERTISING THIS PAPER SURE TU BRING RESULTS. * Tha Only Way to Attract Trada Is to Make Known What . You Hava to Offar. ME UIERAL ADVERTISER IS THE SUB CESSFUL MERCHANT. Job Printing Of ALL KINDS^—* Neat and at ) Fair Prices, AT THIS OFFICE. . . —— Try Us Once AM !QU WILL BECOME A PEBMARENT CUSTOMEfe. INOTICEI JOHN J. CARROLL, who for years, has been in the firm of Looney & Can boll, has formed a partnership with ■his son, WILLIAM J. CARROLL, and | they are now ready to receive orders for {Plumbing .Tinning, Steam and Gas Fitting at their OFFICE, 41 Mill street, tele phone 284-1, or at the store of William EL Hibler, South street, city. The Senior member of this partner ship, JOHN J. CARROLL, has been plumbing in this city for twenty-nine years, and his reputation as a plumber is too well known for any further com ment. 2538. Established 1830. George E.Voorhees MORRISTOWN, N. J. Hardware and Iron Merchant AGRICULTURAL IMPLEMENTS FERTILIZERS and SEEDS. Paints, Oils, Glass, Etc. HOUSEKEEPING GOODS LAND AND DRAIN TILE, FARM MACHINERY. Contractors’ Supplies, Etc. DAVID H. WILDAY Carpenter and Builder CARPENTER WORK IN ALL ITS BRANCHES. Estimate* Cheerfully Given on nil kind* «f work in my Line. Oflloe and Shop on Morria (treat, below tfc* Depot. V All orders left st Shop or mailed to DAVID H. WILDAY. 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