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AQ Pages in TrO Seven Parts PRICE: PkftßßflS 40 CENTS VOI,. XXXV. M 11 IIKIt 25 POLICE FOIL PLAY FINANCIAL HORIZON IS CLEARING MORGAN DENOUNCES THOSE WHO START RUNS THOUGHTLESS WITHDRAWAL FROM BANKS DANGEROUS New York Banks Weather the Week's Storm — Importation of Gold from Europe Is An. no-meed B/ Associated Preen. NEW. YORK. Oct. 26.— 1n response to a r«yuest as to his views of the present situation, J. P. Morgan Eald today: "As I have already said, I cannot too (Strongly emphasize the importance of people realizing that the greatest injury that can be done in the present situation is the thoughtless withdrawal of funds from banks and trust companies, and then, hoarding the cash In safe deposit vaults or elsewhere, thus withdrawing the supply of capital always needed in »uch emergencies: as that which has been confronted during the past week." James Stillman, president of the Na tional City bank, who next to Mr. Mor gan has done more to bring about a solu tion of the financial difficulties in New York than fcny other man, said: "The wise and heroic action of the secretary of the treasury and the splendid efforts of Air. Morgan, with the assistance of the clearing house, have demonstrated the sound financial condition of the clear ing house of this city. "Now, however, in order to tacllitate the shipments of cotton, grain, tobacco pnd other products, and to facilitate the Sports of gold, the associated banks have wisely decided to combine their credit by the Issuance of clearing house certificates, and thus prevent the paralyz lr.g of a very large part of the business of the country." Calmness and growing encouragement were the dominant features of the flnan - cial situation when the great banking in trltutlons closed their week today, with Ril the great financial institutions of the city intact, after having met their un precedented demands of the past week. With this signal demonstration of the re sisting powers of the banks came the aceptlon of new ard important measures tc prevent a recurrence of the acute strain. I , No Suspensions During Day Although the stock exchange and other • tensitive points were free . from trouble, ¦'¦'.' toveral banks and trust companies euf •^*r)-ed withdrawal of funds, these wlth- B wals being for . the most part by Killer depositors.' All -Institutions af '¦^fJSkcd continued to pay on demand up '¦,¦¦¦ noon, the usual hour of' closing on ' -JuiJrstVf 'mportanee ,in - the remedial misfires was the clearing house. vot ing to Issue loan; certificates«or the use ; of the banks themselves in settling their daily balances at the clearing house The certificates will not get into general cir culation, but their use wll enable the banks to keep in circulation, tor the needs of general business, large amounts "l currency' which otherwise would be quired for the settlement of the dally S\ clear house balances. . .. _.' . • Plans were formulated to extend the : benefit of .' clearing • house certificates to il-o trust companies, as well as to the , banks which are at present members of ¦.the clearing house association. Another extremely important feature of todays news was. the announcement by ; the Notional City bank that it has en r gaged $5,000,000 in gold for Import. .It is believed by the bankers and brokers that this engagement is the beginning of what 7 w'll probably be a continuous movement of gold to New York from abroad. The erlHting market is very favorable for the ¦ Importation of gold,.and it Is believed - :no difficulty will be met with In secur " . Ing tin- metal from Europe so far as may b- needed. ... . ' The clearing house certificates will be 1-sue.c 1 to those , banks making applica tion and proving ,to the. satisfaction of ¦ tho committee appointed for the Purpose 1 tie need for the certificates and their ability to deposit; the proper collateral. -.i. No limit was fixed to the amount to be issued hut it is hoped the amount asked ' for will 1 be small. _'¦¦.' '" May Admit Trust Companies Another step : was taken also of first - lnpcrtance. designed to offset the unfa . vorable effect which might be produced ".by the fact that the clearing house banks were in a, position to obtain certificates .':; wijlle the trust companies were loft out 'of the arrangement. !>'• ¦ •. ¦ • '¦ ¦" The fear that the trust companies would 'be .unfavorably affected by such ' a de . rision was one of the influences which led i several members of the clearing house committee to oppose the Issuance of cer tificates. - The step taken to offset this {larger was the presentation of a resolu tion by the. clearing house committee to • numbers of the association. to the effect that the trust companies should be ad ; lrittei to the clearing house. It was pro .'-i vided that this resolution might be.con • " slderec at a meeting of the association to bo held hereafter.' : . ¦ Thus? far there have been no application "• "¦ by" the trust companies for admission to the clearing house and the exact condi tion 'on which they : might, be admitted - ha* i not been fixed. )¦: The , requirements . made from banks admltteo. to the clear ing house is that they shall keep In.their , own vaults a reserve of 25 per cent ¦of their deposits. This Is a larger reserve . than most of the trust companies have : carried . since - the requirements of > the B law or 1906 did not go beyond 10 per cent' In. cash on hand or on deposit In ¦ other banks..' '¦ •¦.'¦¦ ¦.¦'•¦ ' " While i the action taken - today, •Is not I immediately effective, so far as it relates to trust I companies. it shows a willing : ¦ ness of the T clearing house banks to co "operate with the trust companies, which I gi t-atly relieves the situation and removes the danger which some have feared that v each individual trust company would be V. left ito > shift • for Itself, while , the asso ¦ ciated .banks. in the clearing.house stood ¦ Jlnnly .'. together. '" \." L It is '. felt by conservative bankers that . ';¦ under present conditions .: it will not : be ',>,'. prudent '. to | pursue a narrow ; policy, :. and If it is i necessary to bring the Important t;;itrust companies into full ' fellowship with . the 'cWrinsr! house it will done. ;-.' . •-: The ; wearing • house; certificates ¦ author •; ised today will be Issued In substantially as the' same ¦ form " as ; those ' authorized i from ; 1860 down 4to 1593. When a bank satisfies '5.S ' (Continued on i'mre Tno.k . ¦ '.', Los Angeles Herald. HELP BANKS, MORGAN'S PLEA J. PIERPONT MORGAN, Noted Financier FORGER IS ARRESTED CAUGHT AFTER PASSING FOUR CHECKS Portland Man, Said to Have Lived a Year by Fraud, Trapped by Mulcted but Suspicious Storekeeper C. R. Howes, said by the police to be one of the shrewdest and most daring forgers who have ever operated in Los Angeles, was arrested by Detectives Hb eick and Craig yesterday afternoon three hours after his arrival In this city and soon after he had succeeded In passing his fourth fictitious check. Howes Is a candy maker and for years lived in Portland and followed that work. About a year ago he gave up his position, according to statements Capt. Flammer declares he has made, Intending to make a living by forging checks. Ho was successful from the first, main taining at all times a cool front, and al lowing nothing suspicious to enter Into any transactions. About two months ago Howes visited San Francisco. There he cashed several fictitious checks, expending the proceeds gambling. A few days ago he learned the police of the northern city suspected him and came to Los Angeles. "I cashed a few fictitious checks," he Is said to have told detectives, "and started for Los Angeles. When I reached here I found myself without funds and started out to rake up some money. "I had a number of worthless checks In my pocket and these I filled out, mak ing them payable to S. S. Silverson and signing them with the name of H. C. Mc- Clrod, Jr., of Portland. "I went to the store owned by R. E. Mclntosh at 447 South Spring street and ordered a $25 suit. In payment for it I gave the clerk a check for $40, which he took without question and handed mo $15 change. "I went to Kahn & Co.'s store, 467 South Broadway, where I purchased another $25 suit and gave a check on the Na tional Bank of California for $40 in pay ment. They gave me back $15 and I took the suit and left. "I then cashed several small checks on different stores, and later went to J. A. Jepson & Co., 537 South Spring street, where I had another check cashed, while a few minutes later W. Hunter of Hunter & Co., 541 South Broadway, cashed an other for $40 for me." Howes was arrested a short distance from Hunter's. The young man had been asked by Mr. Hunter for his street ad dress and had given 625 South Grand avenue. After ho had left the store Mr. Hunter sent a clerk out to that number and learned that no one of that name or description given roomed there. Upon the clerk's return the police were notified and the detectives started on the case. They recognized Howse from the de scription which had been 'given of him. When accosted the young man did not try to conceal hia identity, but seemed to take his arrest as a matter of course. When searched at tho station he was found to have twenty-six blank checks in his pockets and several signed by H. C. McClead. THREE KILLED IN FIRST WRECK ON "UNDERGROUND" Train in London Subway Crashes Into Another — Accident Due to Fog, Which Obscured Signals r.y Associated Press. LONDON, Odi. 2G.— Three persons were kilted and a dozen injured this morning lii a rear-end collision at the West Hemp stead station of the Metropolitan under ground railroad. The rear train, It ap pears, ran past the signals In a fog and clashed Into a train standing at the sta tion. This Is the first accident ot the kind since a system of electric signalling was installed, which, It was claimed, would absolutely preclude the possibility of such a catastrophe. It is also said to be the first accident resulting In the death of a passenger, although billions of per sons have been carried since the opening of the road. TAFT NARROWLY ESCAPES INJURY IN COLLISION Secretary of War Inspects New Rail. way Line In the Philippines and Figures in Acci dent By Associated Pre»«. MANILA, Oct. .6.— Secretary Taft made an inspection of the partly completed extension of the Manila-Dagupan railway Friday. He rode twenty-five miles on the first passenger train over the line and incidentully was a participant in the first accident on the road. Near the terminus a flat car In front of Mr. Taft's car was derailed and nearly took his car with It. The Taft car ran completely on top of the flat car. BATTLESHIPS TO START ON DECEMBER 16 ROOT DEFENDS PRESIDENT'S ACTION NEWSPAPER CORRESPONDENTS BARRED Secretary of State Says There Is Nothing Improper In Sending the Fleet to Pacific Waters By Associated Press. WASHINGTON, Oct. 26.— Secretary Metcalf today announced that It has been definitely settled that the Atlantic fleet will leave Hampton Roads on De cember 16 for its cruise to the Pacific coast. This announcement followed a con ference held at the White House, to which tha president summoned Secre tary Metcalf, Rear Admiral Evans, who will command the fleet on its cruise to the Pacific, and Rear Admiral Brown son, chief of the bureau of navigation of the navy department. The conference was called to con tinue more In detail the cabinet meet- Ing discussion of naval affairs yester day. The discussion related particu larly to details of the Atlantic fleet's cruise to the Pacific. It Is understood that matters were in such shape that he president was thoroughly informed on all Important items of the itinerary. Evans in Good Health Admiral Evans, who has been con fined to his apartments on account of an indisposition, looked and declared himself to be much Improved in health. The bureau of Insular affairs today received a cablegram from Governor General Smith of the Philippines ask ing that the Atlantic fleet be permitted to visit Manila during the week begin ning February 10 in order to attend the pre-Lenten festivities. The fact that the fleet will not have arrived in Pa cific waters by that time precludes this. , Secretary Metcalf stated that the queßtion of allowing newspaper corres pondents to accompany the fleet waß discussed and the conclusion reached not to allow newspaper men aboard, but officers of the fleet would be desig nated to send such news as might be thought desirable to make public. Defend't President's Action "No such relation exists between America and Japan as would make It improper to send the American fleet in to the Pacific, If there were, the rela tions between America and Great Brit ain nnd tho relations between America and France, which are the same, would forbid the maintenance of the battle ship fleet In the Atlantic ocean." This was the reply returned by Sec retary Root to the direct question as to whether Japan had entered any protest against the dispatch of Admiral Evans' fleet to the Pacific next December. The statement was made at the con clusion of a long conference between Secretary Root and Ambassador Aokl of Japan at the state department today. STRAUS IS AIDING AMERICAN COMMERCE TARIFF EXPERT PREPARES VAL- UABLE STATISTICS Cabinet Official Asks Boards of Trade to Send Representatives to Meeting in Wash, ington By Associated Press. WASHINGTON, Oct. 26. —With a view to rendering practical aid to the commer cial and Industrial Interests of the United States and to the promoting of the foreign commerce of this country. Secretary Straus of the department of commerce and labor has caused to be prepared a pamphlet by N. I. Stone, the tarifl. expert of the bureau of manufac tures. The pamphlet contains a study of the commercial union and conditions, to gether with a statement of the results al ready achieved by the department of commerce and labor In promoting Amer ica's foreign trade. It urges that con gress be brought to a realization of the muiTiltude and the Importance of this task and give It support with funds com mensurate with the work to be done. With a view of developing the most practical plan for rendering the depart ment of great service to the commercial Interest? of the country and at the same time to enable the department to enlist the co-operation of such Interests, Secre tary Strauss has Invited the chamber of commerce and boards of trade of twenty of the leading cities of the country to appoint committees to meet here Decem ber B to consider with him ways and means of accomplishing these objects. PRESIDENT IN FAVOR OF SEPARATE STATEHOOD Believes New Mexico and Arizona Should Not Be United— Thinks Action Wil Be De. layed By Associated Prem. WASHINGTON, Oct. 26. — President Roorcvelt announced through Senator Flint of California today that he will use his influence for separate statehood for Arizona and New Mexico. Tre president, however, expresses the opinion that nothing in that direction run be accomplished at the next session of congress. Miners Refuse to Call Strike GOLDFIELD, Nev., Oct. 26.— The local union of the Western Federation of Miners has decided to take no action on the proposition to call a sympathetic strike on account of the walkout of the laborers employed by the Nevada-California Min ing company at Blshoo. Cal. MAIN BREAKS; CARSDELA YED WATER TEARS SURFACE FROM STREET Hole Twenty Feet Deep Dug by Ter rific Flow from Big Pipe on Sunset Boule. yard The breaking of a two-foot water main on Sunset boulevard opposite the power station, near West Olive street, last night resulted in the washing away of one street car track and the delay of the Hollywood and Colegrove service for hours. The tremendous pressure of tho water tore away almost the entire sur face of the street for a quarter of a block and dug a hole twenty-five feet wide, fifty feet long and twenty feet deep. All night a gang of men worked to re pair the damage and put the tracks in condition to handle the car service to day. The cause of the accident is not known, but shortly after 7 o'clock, with a roar and a shaking of the surrounding ground, the water, with terrific force, gushed out. The stream was unchecked for an hour, when the employes of the water com pany finally were able to shut It off. By then the north track of the Los Angeles- Paclflc had been destroyed, and had the flow continued a few minutes longer the south rails would have gone. Hundreds of passengers were delayed for hours. By transferring to the south tracks at the affected point the service was continued, though no attempt could be made to meet the schedules. TODAYS NEWS SUMMARY FORECAST For Los Angeles and vicinity: Cloudy, with showers Sunday; light southwest wind. Maximum temper, ature yesterday, 65 degrees; mini./ mum, 58 degrees, LOCAL Broken water main washes away track on Sunset boulevard, delaying Hollywood and Colegrove traffic. ¦___*«_ People are aroused, declares Senator Belshaw to City c(ub, and good govern ment should follow. - Co-operation marks first "cleanup Sat urday of sanitation crusade. Mrs James P. Burns, injured in apart ment house fire, succumbs. Maid's con dition critical. EASTERN Financial situation In the east is clear ing. Calmness all that is necessary to prevent any further flurries. Date is set by naval department for the departure of battleship fleet to Pacific waters. Secretary Root says there is no cause for protest by Japan. William J. Bryan says President Roose velt is not to Dlame for conditions that have clouded country's financial horizon. President Roosevelt Issues Thanksgiv ing day proclamation, naming the last Thursday In November as the day to be generally observed. Several Italians are drowned when a train overturns in Maine. Chicago cleaning house, In order to protect banks, adopts certificate system. FOREIGN English police foil plan to assassinate King Edward. Suspect is arrested and confesses. I Russian municipality extends aid to Westinghouse concern, which holds con tract in St. Petersburg. COAST Armed bandit holds up a drug store In Sacramento, fires at clerk and robs cash drawer. Senator Nixon of Nevada announces that the Consolidated Mines company will pay' another big dividend soon. Too Busy PARENTS ILL, COUPLE WAIT 21 YEARS TO WED Courtship Is Extended Over a Long Period, Owing to Faithfulness of Each to Invalid Father By Associated Press. NEW XORK, Oct. 20.— There is to be a wedding In St. Patrick's church at Rich mond, Staten island, soon, which wll' bring to a happy close a patient wooing. John Seaver, the prospective bridegroom, and Margaret V. Pfaff, the prospective bride, have had a courtship lasting twenty-one years because of the faithful ness of each to an Invalid father. Seaver is about 45 years old and Miss I 'faff is In the thirties. Seaver's father died about five months ago, aged 86, and Miss Pfaff's father died a few weeks ago aged 75. SAVED FROM GALLOWS\ BY CHANCE QUESTION MURDER CASE COMPLETE; BUL. LET DOESN'T FIT Italian All but Convicted of Slaying Another Declared Not Guilty • After Size of Ball Is Discovered By Associated Press. CHICAGO, Oct. 26.— A casual remark of a witness In Judge Chetlaln's court yesterday saved a man of conviction on circumstantial evidence. Indeed, the state had presented such seemingly conclusive proof that Angelo Serpico had killed Sal vatore Serpico that conviction and a death penalty were almost certainly ex pected. This strong structure of proof built up by the state collapsed like a bubble whon the case was about to go to the jury. A casual question asked of Dr. Warren Hunter, coroner's physician, on cross ex amination developed that Salvatore Ser pico was killed by a bullet from a 32 callber revolver. The defendant's re volver was 38-caliber. Prior to that important testimony As sistant State's Attorney Fleming had presented a chain of evidence apparently complete. Against this array of evidence the defendant was able to present only a feeble defense. He took the stand and denied the shooting. He admitted having drawn a revolver, but was unable to explain the exploded cartridges. On cross examination by Mr. Fleming when asked to account for Salvatore Serplco's death he said: I "Louis did it." He could not tell who Louis was except that he was an Italian who had been present In the saloon and who had since fled. Dr. Hunter was the last witness called. He gave his opinion that death was due to shock and hemorrhage caused by tne bullet wound. "By the way. Dr. Hunter," Attorney Manlon for the defense asked, "have you the bullet that you found In the body?" "Certainly," Dr. Hunter replied, and he handed the bullet to the lawyer. "Why, this is a 32-callber bullet!" At torney Hanlon exclaimed. The bullet was then placed in the revolver owned by the defendant and It rattled in its empty cartridge. After a short deliberation the Jury returned a verdict of not guilty. Collins' Petition Denied By Associated Preu. SAN FRANCISCO, Oct. 26.— Judge La,w lor today denied the motion of Attorney George D. Collins, who is under sentence of fourteen years for perjury, to dismiss the proceedings against him. In regard to the settlement of Collins' bill of ex ceptions on his appeal to the supreme court a continuance of two weeks was granted. BANDITROBS DRUG STORE HIGHWAYMAN AND CLERK EX. CHANGE SHOTS Thief Deliberately Fires Twice, but Misses — Steals Money from Till and Rides Away By Associated Press. SACRAMENTO, Oct. 28.-A lone high wayman rode up to the drug store of F. J. Qulrln at Twentieth and J streets at 10 o'clock tonight, held up the clerk, fired two shots at him, robbed the till and rode away, bareback, on his horse, going south on Twentieth street to M, where he fired a shot into the air and disap peared. He secured $45 from the cash register. M. Sydenstrecker, the clerk, snapped a 22-callber revolver four times at the robber, but the cartridges failed to explode. While the clerk was waiting on a cus tomer who was accompanied by a little girl, the robber entered the front door of the store and pointing a big revolver at Arthur Labare, a boy who was sit ting on a stool, said: "I am a highway man, hold up your hands." Labare fell from the seat in fright, the customer backed out of the store, followed by his little girl, and Sydenstrecker, who was behind the counter, dropped to his knees and made for the rear of the store. The robber jumped on the counter and, leaning far over, deliberately fired a shot a Sydenstrecker's back, but missed. Sydenstrecker secured his small revolver and returned to confront the robber. He pulled the trigger of the antiquated weapon, but the shells would not explode. Four times, while tho robber was with in less than ten feet of him, Syden strecker snapped the hammer. The rob ber threw hlB Rrm over his' face and dodged each tiim until he finally under stood that the weapon was useless and then he raised his own revolver and fired a second shot. The bullet passed through two sides of a glass case and a partition and Into the wall in the rear room, miss ing Sydenstrecker, who got out the back way, and the robber tapped the till and escaped. SLEUTH'S GOLD STAR, NO. 23, STOLEN ON CAR San Francisco Detective Robbed of Badge Valued at $150— Thinks Thief Saw Him Show It to Conductor By Associated Prtss. SAN FRANCISCO, Oct. 26.-Detective Sergeant Edward Gibson was robbed of his star In a Mission street car this morn ing. It is valued at $150, being of solid gold and bears the hoodoo number 23. The officer thinks It was taken by some one who saw him show It to the con ductor. PASSENGER ON OCEAN LINER JUMPS OVERBOARD By AuociaUd Praia. NBW YORK, Oct. 26.— Herbert Parkin, a patsenger on the steamer Baltic, which arrived today from Liverpool, leaped overboard last Sunday night and was drowned. Parkin gave a fellow passen ger the address of a woman In Hull, England, asking that she be notified. Then he rushed to the rail and Jumped over board. The liner was stopped and a lifeboat lowered, but no trace of the man couU be found. Parkin was on his way to Kansas, where, it Is said, he was soon to have been married. mpres on against King Edward. His majesty left Newmarkt. terday and returned to London. STRIKE BREAKERS AND POLICE IN FIERCE RIOT Officers Attacked by Mobs and Three of Them Are Taken to Hos pital in Serious Con. ditlon By Associated Press. arONXERS, N. T., OcC 28,-As a result of an attempt of the Yonkern City Rail way company to ran cars this afternoon tl.ree policemen and a strikebreaker are in the hospital. Two cars that ran along Riverdale avenue were attacked by a mob and every pane of glasa In them was smashed with stones. Mounted policemen who tried to drive back the rioters were knocked off their horses and finally were rescued by other policemen, who charged into the mabs. The motorman on one of the cars at tacked was struck In the head by stones and knocked unconscious. He and two policemen were taken to tho hospital. A eimilar scene was en acted in Warburton avenue. Policeman Kennedy, who tried 'to restore order, was hit on the head with a stone and severely cut. After their attack on tha cars the mob tore up the switch poles in the tracks in Warburton and Ash burton and threw them Into the water. at is expected the White Plains national guard will be brought here to restore order. NEVADA MINES MAKE REMARKABLE SHOWIN Output in Goldfleld District Last Week la 5390 Tons — Smelters Re fuse to Take Mor« Ore By Associated Press. GOLDFIBLD, Oct. 26.— The output of the mines and leases of the Goldaeld dis trict for the week ending last night was Z39Q tons, having a total estimated valu* of $600,920. This is a remarkable show ing In view of the prevailing financial conditions throughout the country, which have a direct, effect on the produotlon of the mines. The smelters havo practically refined to receive ore, presumably on account of the money Rtrlngency, as they have an nounced that they will only receive ship ments to be settled for at their con venience. As a result of this announcement, local smelters have been closed for the last three days and the mines hr.ye shipped jio ore. "Thn Mohawk Jumbo, the heav iest shipping leased camp, has also been closed since Monday afternoon, pending a new survey of it* underground workings. "MANY HAPPY RETURNS" TO YOU, MR. PRESIDENT ¦fe _ ___ — Theodore Roosevelt Will Today Cele 1:; brate Forty-ninth ' - Anniversary of , His Birth— Quiet Family ; - ;¦ ' ', ;•¦¦.' Rejoicing ¦¦'¦ !.'" ¦'.'¦', '¦-'¦'" By Associated Press. . .• .". •../. ','¦:.';,--;' '-iM WASHINGTON, Oct. 26.— President 1 Roosevelt will be ,49 " years old ,< to- ¦ v; morrow. ¦;.. '¦ 'vV "• •.. .•¦"".•' '•¦•^>.\j • r?»*'^'^; :¦; Besides ' a quiet ¦ family rejoicing he SSj will receive congratulations from mem bers '¦ of , the ;; Hungarian ",, club of • New X*% York, thus continuing" i a! custom lnstK tuted by that club several years ago- In )¦¦¦.>. presenting ; themselves i to > the ! president "isi of the United States on the anniversary of his birth. ' '.aS^I!IS3S3SS First Mate Fatally Hurt By Aaaoclatad Ftms. 3AN <FRANCISCO, Oct. EB.— lnjuries which are likely to prove fatal were sus tained this morning by A. Villen, first mate of the British steamer Dunfernlln, as the result of a fall Into -a, deep -f or .ward hold at the Tesiel.