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The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, October 06, 1909, Image 2

Image and text provided by University of Utah, Marriott Library

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85058140/1909-10-06/ed-1/seq-2/

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2 THE HERALDREPUBLICAN SALT SALT LAKE CITY UTAH WEDNESDAY OCT 6 1909
A SHIPWRECK ON OHTHE ONTHE ONTHE
THE P PHIRCOIT PHIRCOITMembers P1 S CIRCUIT CIRCUITMembers CIRCUITU
Members of Enterprise Stock StockCompany StockCompany StockCompany
Company Make Painful PainfulWay PainfulWay PainfulI
U I Way to Salt Lake LakePOWER LakePOWER LakeI
I POWER OF LOVE LOSES LOSESPELTONSMUTZER LOSESPEL LOSESPELTONSMUTZER
PELTONSMUTZER PEL SHOW ROUTE ROUTEPROVES ROUTEPROVES ROUTEPROVES
PROVES FATAL TO COMPANY COMPANYTheir
+ + + + + + + + + + + + + + + + + + + +
4 Their managers having left them themwnllc 4 4while f
4 + while on a tour ot the Pelton PeltonSmutzer 4
4 Smutzer circuit a tank affKlr aUidrten a1fl1rten
+ ten members of the Enterprise stock stockcompany stockcompany i
4 + company in which Miss Florence FlorenceGale FlorenceGale <
+ Gale was starred became stranded at atSoda atSoda 4
4 + Soda Springs Idaho about ten days daysago 4
4 ago Miss Gale and two male mem members rnember8 +
4 + bers of the company succeeded in Inreaching 4
+ reaching Salt Lake and in an Inter Interview interview l
4 + view last night the former told the thestory 4
4 4 story of f how tho two Pelton Smut Smutzer Smutzer 4
4 + zer men left the actors stranded strandedWe 4 4M
+ + M + + + M + + M M + M M + t HMM4f + + + + 4H 4HWe + + +
We enjoyed a successful business in invarious Invarious Invarious
various towns of Wyoming and Idaho be before before before ¬
fore reaching Soda Springs said Miss MissGale MissGale MissGale
Gale last night Friday Frlda night Sept 24 24we 21we 24we
we opened at Soda Springs in The Power Powerof Poweof
of Love a play in which I had pre previously prevlousl preI ¬
viously starred for several seasons There Therewas Therewas Therewas
I
was a good attendance and our efforts effortsseemed effortsseemed effortsseemed
seemed to please those present On the thefollowing thefollowing thefollowing
following night Lena Rivers was the theplay theplay theplay
play billed but one of the men of the theshow theehow theshow
show failed to put in an appearance and andwe andwe andwe
we were compelled > d to put on another bill billPoor blllPoor billPoor
Poor Judgment Shown ShownIt
It was here that the managers demon demonstrated demonstrated demonstrated ¬
strated their characteristic poor judg judgment judgment Judgrnent ¬
ment Instead of having us present some something something something ¬
thing the people had not seen they had hadus hadus hadus
us repeat the performance given the night nightbefore nightbefore nightbefore
before The management of the opera operahouse operahouse operahouse
house wouldnt stand for this and as a aresult aresult aresult
result the play was called off While Whilemany Whilemany Yhllemany
many of the people were in the act of ofleaving ofleaving ofleaving
leaving the leading man of the company companystepped companystepped companystepped
stepped out on the stage and made an anappeal annplltal anappeal
appeal to the audience in behalf of some someof someof someof
of the women members of the company companywho companwho companywho
who were in destitute circumstances by byreason byreason byreasoa
reason of not having received their back backpay backpa backpay
pay pa Then the manager of the opera house houseallowed houseallowed housej
j allowed the play to go on with the under understanding understanding understanding ¬
standing that the receipts be turned over overto overto overto
to the company the management of the thecompany thecompany thecompany
company to not receive a cent The net netproceeds netproceeds netproceeds
proceeds were 18 and this was divided dividedup
up
Next morning the two managers ex expressed exHessed axpressed ¬
pressed their baggage bag ge to Denver head headquarters headquarters headquarters ¬
quarters for the Pelton Smutzer com companies companies companles ¬
panies It had been tipped off to me methat methat methat
that they intended to leave and I noti notified noUfled notifled ¬
fled the officers there of the fact with withthe withthe withthe
the Instructions to get et and hold them themThe themThe themThe
The one officer detailed to the case went wentto
to sleep at theswitch the swltch however for he heallowed heallowed heallowed
allowed them to escape Instead of taking takinga
a train at the depot the two caught o ofreight a atrelght afreight
freight train at the stock yards ards east o otown ot ottown oftown
town in full view of the officer an and andmade andmade < J Jmade
made their way to Montpeller where it itis Itis itis
is said they took a passenger train for forDenver forDenver forDenver
Denver
Capture Their Baggage BaggageWe
We got their baggage however Two Twobusiness Twobusiness Twobusiness
business men of the town offered to go goon goon goon
on the bond of Miss Cora Hall and my myself m mself myself ¬
self and we had their baggage consist consisting consistIng consistIng ¬
ing of four suit cases and two bill trunks trunksattached trunksattached trunksattached
attached These will be offered for sale saleto saleto saleto
to the highest bidder A peculiar feature featureof
of the affair Is that one of the male mem members members memhers ¬
bers of the company who tried the hard hardest hardest hardeat ¬
est to keep the show together lost the themost themost themost
most money mone Thats gratitude for you youisnt youisnt youIsnt
isnt it itEverything ItEverthlng itEverything
Everything looks rosy for me now nowthough nowthough no nothough
though I am among friends In the the theatrical theatrical theatrical ¬
atrical profession and have been offered offereda
a good engagment and may ma go to work workin
in stock here There Is a possibility that thatI
I will appear with my m own company companyFrom companFr companyFrdm
From Fr m further f rther statements made by Miss MissGale MissGale MissGale
Gale the entire tour of the company companythrough companythrough companythrough
through Colorado Wyoming omlng and Montana MontanaBine Montanaalnc
3 since the time it loft Denver was char characterized characterized characterized ¬
J acterized by b blunders blundersIn
In Denver I was treated most unfair unfairly ¬
j ly said Miss Gale HI I signed a con contract contract contract ¬
tract for a road tour which was to be beopened beopened beat
opened with a two weeks engagement engagementat engagementhouse
at the Curtis theatre a Pelton Smutaer Smutaerhouse Smutzerhouse Smuteropened
house Instead of allowing me to ap appear appear appear
pear however they used another an anperhaps and andperhaps andperhaps <
perhaps inferior actress who was billed billedunder blIledunder billedunder
under my name It was only to help helpthe helpthe helpthe
the other members of the company ou ouIn out outin outIn
In their engagement that I consented to togo togo togo
go on the road at all after this deal dealOne dealOne dealOne
One member of the management wa wafor was wasfor wasfor
for some time treasurer of the Curtis Curtltheatre Curtistheatre
theatre at Denver and resigned that po poeitlon poEitlon p0sitlon
eitlon to make the road tour with the theEnterprlsa theEnterprlsQ theEnterprise
Enterprise stock company To members membersof
of the company he is said to have stated statedthat statedthat statedthat
that ho was a relative of W S Pelton Peltonof
of the firm of Pelton Smutzer who Is Isat Isat Isat
at thf present time in Salt Lake direct directIn directing directing
In ing tim uncertain destiny of the Grand Grandtt1
tt1 1
Mrs Winslows Soothing Syrup Syruphas
has been used for YEARS b by > MILLiov MILLiovof nLLIOor
of MOTHERS for their CHILDREN CHILDRENWHILE CIDLDRENWHILE CHILDRENWHILE
WHILE TEETHING with PERFECT PERFECTSUCCESS PERFECTEUCCESS PERFECTEUCCESS
EUCCESS it SOOTHES S the CHILD CHILDSOFTENS CHILDSOFTENS CHiLDSOFTENS
SOFTENS the GUMS ALLAYS LLY all allPAIN aUPAIN allIAIN
PAIN CURES WIND COLIC and is tho thobest thobrst th thbrat
best remedy for DIARRHOKA Sold by byDruggists byDruggists byDruggists
Druggists In every part of the world Be Besure 136sure B Bsure
sure and ask for Mrs Wlnslows Sooth Soothinir Soothin SoothIng
inir in Syrup and lake no other kind kindTwentyfive kindTwentyfive kindTwentyfIve
Twentyfive cents a bottle GUARAN GUARANTEED GUARANTEED GUARANTEE ¬
TEED UNDER THE FOOD AND DRUG DRUGACT DRUGACT DRUGACT
ACT June SO O 1906 iO6 SERJA1 SFHJ Al Mn I i r ri riA i
1008 1008A 100
100A
A Reliable Remedy RemedyFOR eLY eLYWmUg
FOR FOROATARRH
OATARRH OATARRHElys WmUg
J4LVR J4LVRIs
Elys Cream im Balm Balmis
is quickly I absorbed absorbedGives absDrbedGives absorbedGives
Gives Relief at Once Oncet TLs Sfel
It t cleanses soothes soothesheals GTuS S lt ltthe
heals and jrotects jrotectsthe protects protectsthe
the diseased mem membrane membrane inembrano ¬
brane resulting from Catarrh and drives drivesaway drivesaway drivesaway
away Gold a in the theHeod Head quickly Restores Restoresthe
the Senses of Taste and SmelL Full size size5Q
50 cts at Druggists or by mail Liquid LiquidCream LiquidCream LiquidCream
Cream Balm for use in atomizers 75 cts ctsElv ctsEIv ctsI
I Ely Brothers 36 Warren Street New KewYork York
I THERES SAFETY IN TRADING HERE HEREWe IIERE IIEREWe hEREWe
We Promise N NothingforNothing Nothing Nothingfor othingfor
for forNothing Nothing NothingBut
But we do give a dollars worth of value valuewith valuewith valuewith
with accrued interest plus our apprecia appreciation ¬
tion of your business for a dollars doll rs worth worthof
U of coin Our policy Pure drugs honest honestdealing honestdeaUn honestdealing
dealing dealingIf deaUnIf
If you have learned that this is a good goodplace goodplace goodJ
J place to trade pass the tip to your yourneighbor yourneighborwell yourneighborwell
neighbor neighborwell well all benefit by It ItWiflesHorne itWilles itWilesHome
WiflesHorne Willes Horne Drug Co CoBulldlns CoNews CoI
I News Building DuUdln Tipper Main MainBoth MnlnDoth MainBoth
Both Phones 374
j
Going to t try for a record in inlong Iniong in1ong
long suffering or will you youwatrh yoUwat youwateh
watrh wat h the ads and find a bet better bettEr better ¬
ter landlord 1
I Visitors VisitorsMake i ii iMake i
Make Z C M I IDrag IDrug IDrug
Drug Store Storeyour Storeyour i iyour
your headquarters headquarterswhile
while in the city cityHot
Hot Chocolate Beef Tea Bouil Bouillon BeuilIon ¬ i iIon
Ion Malted Milk and all kinds of ofhot ofhot
I Ihot
hot drinks drinksserved served promptly and anddaintily anddaintily I IdaintIly
daintily at our fountain fountainTho fountainTho I II ITho
Ii I i
Tho Pure PureDIspensax Drns DrnsDispensary
I
Dispensary i
I iI
112114 112114South 112114South I
South SouthStreet Mala MalaStreet i iStreet
Street StreetBOOTHS StreetBOOTHS I IBOOTHS
I II
i Ii I I I II
BOOTHS BOOTHSGUARANTEED BOOTHSGUARANTEED BOOTHSGUARANTEED
GUARANTEED GUARANTEEDFull GUARANTEEDOYSTERS i iOYSTERS
OYSTERS OYSTERSFull
I IFull
Full Measure umrSolld I Solid MentAlways Ments MentsAlways Ient IentAlwn
Always Alwn In new cans canfrom from the theshell theshell theshell
shell to your table Booths Guaran Guaranteed Guaranteed Guaranteed ¬
teed Oysters carry the tempting temptingaroma temptingaroma temptingaroma
aroma of the sea sea1 the flavor of ofnewlycaught ofnewlycaught ofnewlycaught
newlycaught the purity of deep deepwaters deepwaters
waters They T ey are a delicate treat treatfor treatfor I
for lovers of good things to eat eatAt eatAt I
At all firstclass dealers or orBOOTH orBOOTH I
I II
BOOTH BOOTHFISHERIES BOOTHFISHERIES I IFISHERIES
FISHERIES CO COSO
30 West 1st South
CASTOR CASTORIAFor IA IAPor
For Infimtaand Infants and Children CMldrenTfie OhildrenThe Childrenlho
The Kind You Have Always Bough BoughBears B Boughtsears ught ught13earsthe
Bears 13earsthe the theSignature theSignature d dSignature
Signature of
J J7tw J7twA
j
A sample samplefall line of offall offall
fall tailored suits A
60 suits all different differententire differententire differentI
I entire sample line from fromone fromone fromt
t one of Americas best suit suitmakers suitmakers suitmakers
makers We secured an anoption anoption ano
o option on these and after afterour afterour aftermr
mr 7 our buyer returned from fromNew fromNew I If IS
f S S New York we decided to tohave tohave
6 have them themwired wired for forthem forthem fori
i I j them to come by express expressHere expressHere expressI
I Here they are to choose choosefrom choosefrom
4 from Wednesday Thurs Thursday Thursday Thursy ¬
y day and Friday Choose Choosewhile Choosewhile Choosewhile
while choosing is good at atthese atthese atJ
J these great markdowns markdownsN
N J Ji
I 2000 and 2500 2500values 2500values 2500I
I i
I values for forr
r 1250 1250r A AI
I r
I i 4 3000 and 3500 3500values 3500values 3500I
I r r values for forStyles forJ for1J
1J < J 1850 1850Styles
Styles embrace long and short coat effects lined linedthroughout linedthroughout linedthroughout
throughout with self colored satin full pleated pleatedskirts pleatedskirts pleatedskirts
skirts materials include broadcloths diagonals diagonalsJTrench diagonalsFrench diagonalsFrench
French serges and worsteds The greatest tailored tailoredsuit tailoredsUit tailoredsuit
suit pickup of the season Choose early for best bestselection bestselection bestselection
selection selectionTwentyfive selectionTwentyfive selectionTwentyfive
Twentyfive handsome handsometailored handsometailored handsometailored
tailored dresses at atFabrics
II
I 1 I 1395 1395Fabrics
Fabrics include broadcloths diagonals serges sergesand sergesand sergesand
and Panamas A splendid range of styles finished finishedwith finishedwith finishedwith
with buttons braids tailored stitching and Persian Persiancollars Pertiiancollars Persiancollars
collars This is a special sample line we bought at ata ata I Ia
a great saving for cash You get the full benefit of ofthe ofeo ofthe
the eo saving Choose while l they last 1 q qa < JTJ 13 j S Q 95 s sAf
t only
a
Af V V AA Jf
4t tit < T1 T1JUST
rn ini1Atj i J JJUST
1910 1910AUTOMOBILES 1910AUTOlIO 1910VELft
JUST A FEW OF THEM THEMTrusses THE THEMTrusses l lTrusses
Trusses manicure razors combs hil hilbrushes hljbrushes ha habrushes >
brushes Georges s Corn Plaster Low Lovsneya Lowneys Lowneys
neys Candy car books and stamps R Rall Rx Rxall Rkxall
all tooth powder chamois skinsflog skins tug ren renedles reJJedles renedies
VELft VELftAUTOMOBILES a edles hot water bottles Fenway Ilwa cigars eigaiDruehl cigarsDruehl egarsDruehi
Druehl Franken Fr nken
271 71 Main east side not on the corner cornerBell cornerBell cornerBell
Bell MO 1 and 188 Ind 100 100GARDNER 100It 100ffI
AUTOMOBILES AUTOlIO ILES It K
t ff x Jt c
tV VVV ffI ffICIADNE V r rQARDNER
GARDNER DAILY DAILTMAIL STORENEMZ STORENEMZIL
e2l MAIL MAiLORDsPRONPTLVFiLLD MAiLORDsPRONPTLVFiLLDWeather IL ORDEgS O D RS PgQMPTUV PRO P V Fl F LUgP LUgPWeather LLEDWeather
A
Weather Forecast for Today Partly P rtly Cloudy CloudyCcprighl CloudyThe Cloudyc
c The Best BestClothes BestClothesin
Clothes ClothesinKkiJ in inAmerica inAmerica
KkiJ
JN America AmericaNo S
I No matter how much muchyou muehF
F you might pay for a asuit 8suit aS t
S + 1 suit you could not get geta
1 k c N I I S a better one than a aGardner IG
1 L 1 Gardner G rdner hand tailored tailoredgarment tailoredgarment tailcrredgarment
garment garmentThey garmentThey garmenttrz
trz They are designed by bythe bythe byV
V Li j the best besfrhigh highest st paid paidtalent paidtalent paid3
3 talent in in America AmericaThey AmeriQftThey
I They couldnt be totter tottermade oottermade boterc
c j made for ten times our ourprice ourprice oursq
sq jj c 1 price priceJust priceJust priceI
I
tf Just call in and ask akc to tosee tosee
c J see one of our hand handtailored handtailored
l
tailored suits suitslSto40
18 lSto40 to 40 40Others 40i
4 4c1jrIght
Ccprighl 1J < by > r J AULEK BROS uku CO c Others from 10up 10upRemember 10 up upRemember
i
< Remember R emem b er our new temporary t I location across acrossthe acrossS
S the street from our former store We will close at
1 oclock today daY account of State Fair FairJ PairJP0ADNEg
J JP0ADNEg G DNE DNEALlTYSTO
HHEQUAL1TYj ALlTYSTO
3 1 3
c
<
>
o
NEW NE NATIONAL NATIONALBANK NATIONALBANXTO
BANK BANXTO TO START STARTBig
Big Financial Institution Or Organized Organized Organized ¬
ganized With a Strong StrongDirectorate StrongDirectorate StrongDirectorate
Directorate DirectorateThe
The National Copper bank was or organized organized organized ¬
ganized last evening at a meeting held heldin heldIn heldIn
in W W Armstrongs office in the theDooly theDooly theDooly
Dooly block The bank will have a acapital acapital acapital
capital of 500 500000 000 and will begin busi business business business ¬
ness with a surplus of 150000 The Thestock Thestock Thestock
stock in the bank it is understood has hasall hasaU liahall
all been subscribed II Trill open for forbusiness forbusiness forbusiness
business about Jan 1 next nextAt nextAt nextAt
At the stockholders meeting last lastevening lastevening lastevening
evening the following directors were wereagreed wereagreed wereagreed
agreed upon W W Armstrong John S SBransford SBransford SBransford
Bransford John Dern A C Elllss jr jrSherman jrSherman jrSherman
Sherman Fargo James Farrell George GeorgeE
E Gunn Lafayette Hanchett David DavidKeith DavidKeith DavidKeith
Keith Duncan MacVItchie P J Mo Moran Moran Moran
ran W V V Rice J B Risque W B BThompson BThompson BThompson
Thompson and E A Wall All live In InSalt InSalt inSalt
Salt Lake except Mr Fargo who Is a aresident aresident aresident
resident of Park City and Mr Gunn Gunnand Gunnand Gunnand
and Mr Thompson who live In New NewYork NewYork NewYork
York though as well known on Main Mainstreet llainstreet Mainstreet
street as on Broadway BroadwayFollowing BroadwayFollowing BroadwayFollowing
Following the stockholders meeting meetingthe
the directors met and selected these of officers officers ofIlcers ¬
ficers President W V W Armstrong Armstrongvkse
vkse presidents John Dern and W V VRice VRice VRice
Rice executive committee W W Arm Armstrong Armstrong Armstrong ¬
strong John Dern W V Rice L Han Hanchett Hanchett Hanchett ¬
chett and J B Risque RisqueAfter RisqueAfter RisqueAfter
After a tentative tentativedl5CUsslon discussion of var various varIous various ¬
ious possible locations in the city the thedirectors thedirectors thedirectors
directors concluded to leave this ques question quetlon question ¬
tion to the executive committee for final finaldecision finaldeclelon finalderisIon
decision The appointment of the banks banksofficers banksofficers banksofficers
officers ani the election of employes employeswag
was similarly left to the executive com committee commltlee cornmlttee ¬
mittee
ALDRICH TALKSTARIFFIN TALKS TALKSTARIFF
TARIFF IN PARIS PARISExplanations PARISExplanations
Explanations Made Which Will WillAvoid WillAvoid WillAvoid
Avoid Disastrous Com Commercial Commercial Cornmercial ¬
mercial Struggle StruggleParis
Paris Oct B 6A A more optimistic optimisticfeeling optimisticfeeJing optimisticfeeling
feeling prevails in government circles circlestoday circles10day circlesloday
today as regards re ards the amicable adjust adjustment adjustment adjustment ¬
ment of FrancoAmerican tariff rela relations relations relations ¬
tions under the new law as a result of ofthe ofthe f fthe
the explanations furnished by Senator SenatorAldrich SenatorAldrich SenatorAldrich
Aldrich of Rhode Island during his histalks histalks histalks
talks last week with a number of the theFrench theFrench theFrench
French ministers and other high offi officials officials offidais ¬
cials cialsIn daisIn
In the first place Mr Aldrich dis disabused disabused disabused ¬
abused the minds of the Frenchmen of ofthe ofthe ofthe
the idea entertained here that the ter termination termination termination ¬
mination of the existing commercial commercialagreement commercialagreement commercialagreement
agreement between France and the theUnited theUnited theUnited
United States months in advance of the theagreements theagreements theagreements
agreements with other countries nota notably n ta tably tably ¬
bly Germany was in any way intended intendedas
as a discrimination against France and andsecondly andsecondly andsecondly
secondly and more Important Senator SenatorAldrich SenatorAldrich SenatorAldrich
Aldrich relieved the anxiety in Paris Parisconcerning Parisconcerning Parisconcerning
concerning the Interpretation of section
2 of the new law lawThis lawThis lawThis
This section the French believed in involved involved involved ¬
volved the automatic Imposition of the theAmerican theAmerican theAmerican
American maximum unless France af afforded afforded afforded ¬
forded every minimum and every ad administrative administrative administrative ¬
ministrative concession in Ijer tariff tariffAs tarltrAs tariffAs
As some of thQ concessions had been beenmade beenmade beenmade
made after hardfought battles with withother withother withother
other countries in return for specific ad advantages advantages advantages ¬
vantages the government in spite of ofits ofits ofIts
its desire to avoid the tariff war was washostile washostlle washostile
hostile to the granting of wholesale con concessions concesslQns conceszins ¬
cessions cessionsIt
It is understood Senator Aldrich ex expressed expressed expressed ¬
pressed the opinion that section 2 gave gavePresident gavePresident gavePresident
President Taft t a certain measure of lati latitude latitude latitude ¬
tude and that if France accorded the theminimum theminimum theminimum
minimum rate on articles in which the theUnited theUnited theUnited
United States was principally inter interested Interested interestod ¬
ested Mr Taft probably would consid consider ¬
er that America was not unduly dis discriminated discriminated discriminated ¬
I criminated against within the meaning meaningof
of the act actSenator actSenator actSenator
Senator Aldrich who is now In Lon London London London ¬
don will return to Paris Thursday to toattend toattend toattend
attend a dinner which Minister o Fi Finance FInance Flnance ¬
nance Gochery will give in honor of ofthe ofthe ofthe
the senator and Ambassador White
LONG YEARCleveland YEARS Of OfBITUR OFBITTER
BITTER STRIFE STRIHCleveland
Cleveland O Oct 5 5A A conference was washeld washeld washeld
held today to arrange final details which whichwill whichwill whichwill
will result In an absolute settlement of ofthe ofthe ofthe
the local street railway situation which whichhas whiChhas whhhhas
has been bitterly agitated for eight years yearsDuring yearsDuring ears earsDuring
During the life of the controversy it has hasbeen hasbeen hasbeen
been a political issue at all times Par Partial Partial Partial ¬
tial settlements have been made and andmany andmany andmany
many proposed but all failed of their ob ¬
ject Now peace is assured assuredThe assuredThe assuredThe
The basis of the strife has been Mayor
Tom L Johnsons contention for 3cent
fares The proposed settlement will be beon beon beon
on this rate of fare and will eliminate the thestreet thestreet thestreet
street car Question from the fall cam campaign campaign campaign ¬
paign paignIt
It is agreed that the city shall give the
Cleveland Railway company the owner ownerof
of the local traction lines a twentyfive
year earo franchise revokable at any time any any
of the details of the contract with the thecity thecity thecity
city is vrolated The city reserves the theright theright theright
right to purchase the lines at any time timemunicipal timemunicipal timemunicipal
municipal ownership Is made lawful
Judge Tayler has indicated that he will
make the maximum rate 4 cents for a acash acash acash
cash fare and nd the regular ticket rate rateseven rateBeven rateseven
seven tickets for 25 Ii cents and a cent extra
for transfers This proposition has b bji bjiaccepted en enaccepted n
accepted both by the city and the railway
company
SPECIAL OFFICER OFFICERMURDERED OFFICERMURDERED 1 1MURDERED
MURDERED BYHJGH BYHJGHWAYMAN BY BYHlGHWAYMANWHO HIGH HIGHWAYMAN
WAYMAN WAYMANWHO WHO ESCAPES ESCAPESContinued ESCAPESContinued ESCAPESContinued
Continued from Page 1 1First 1First 1First
First South street was walking east on onFirst onFIrst onFirst
First South street toward his home homewhen hOlIlwhen homewhen
when he was accosted by two highway highwaymen ¬
men Mr Nebeker bad just passed passedSecond passedSecond passedSecond
Second East street when thebandits thebanditscame the bandits banditscame banditscame
came out from behind some trees treesOne treesOne treesOne
One of them whom Nebeker describes describesas
as a short man wearing an overcoat overcoatyelled overcoatyelled overcoatyelled
yelled Throw up your hands handsAt
At the same time he thrust a gun In Inthe Inthe Inthe
the victims face faceNebeker faceNebeker faceNebeker
Nebeker threw up his hands and an another another ¬
other man taller than the first and andwithout andwithout andwithout
without an overcoat searcnea < I Him The Theyoung Theyoung
young man had no money nor other othervaluables othervaluables othervaluables
valuables about him After ascertain ascertaining ascertaining ¬
ing this fact the tall man said saidgruffly saidgruffly saidgruffly
gruffly grufflyShed grufflyShed grufflyShed
Shed that coat coatVictim coatVictim coatVictim
Victim Watches Highwaymen HighwaymenNebeker HighwaymenNebeker HighwaymenNebeker
Nebeker took off his overcoat and andhanded aoelhanded andhanded
handed It to the man who had been beensearching beensearching beensearching
searching him He was then command commanded ¬
ed to go straight ahead Instead of offollowing offollowing offol1owir
following fol1owir this injunctipn Injunct on Nebeker went wentdiagonally wentdiagonally wentdiagonally
diagonally across the street in a north northeasterly northe northeasterly ¬
easterly e direction Then he turned turnedabout turnedabout turnedabout
about and went back toward town on onthe onthe onthe
the north side of the street He watched watchedthe
the holdup men walk west to Second SecondEast SecondEast SecondEast
East street and then saw them turn on onSecond onSecond onSecond
Second East street They kept on until untilthey untilthey untilthey
they were about half way between First Firstand Firstand Firstand
and Second South streets Then they theyturned theyturred theyturned
turned east and entered the block blockThe blockThe blockThe
The holdup victim nen went to the thepolice thepolice thepolice
police station as rapidly as possible In Inthe Inthe Inthe
the doorway he met Officer C C Riley Rileyand RlIeyand Rileyand
and told him of the robbery Riley BJleywent Rileywent Rileyvent
went Into the station and announced announcedthat
that there had been a holdup hol up and asked askedfor askedtor askedfor
for a plain clothes man to accompany accompanyhim
him In a search for the criminals De Detective Detective Detective ¬
tective George Chase volunteered to as assist asIst asist ¬
Ist him and the two lert the th station stationwith stationwith stationwith
with Nebeker Outside the station It Itwas Itwas Itwas
was decided that Chase and Nebeker Nebekershould Nebekershould Nebekershould
should follow tollo the course pursued by the thohighwaymen th thhIghwaymen thehighwaymen
highwaymen and that Riley should go goaround goaround goaround
around the block the other way
Officer Riley turned south on State Statestreet Statestreet Statestreet
street At about the middle of the theblock theblock theblock
block he met the two highwaymen It ItIs Itis Itis
Is presumed that he recognized them themfrom themfrom themfrom
from Nebekers description and from fromthe fromthe fromthe
the fact that one of them carried an anovercoat anovercoat anovercoat
overcoat He placed them both under underarrest underarrest underarrest
arrest and started toward the police policestation polleestatlon policestation
station He had not gone far when the thepeople thepeople thepeople
people standing across the street saw a ascuffling ascuffling ascuffling
scuffling Immediately followed by two twoshots twoshots twoshots
shots shotsIt
It was evident that Riley had taken takenhold takenhold takenhold
hold of each of the robbers by an arm armThe armThe armThe
The one whom he was holding with his hisleft hIsleft hisleft
left arm jerked away before they had hadgone hadgone hadflone
gone far and drawing his revolver revolverpressed revolverpressed revolverpressed
pressed its muzzle close to Rileys back backand backand backand
and fired The officer staggered toward towardthe towarde towardthe
the e gutter and fell As he went down downthe downthe downthe
the murderer fired another shot shotThe shotThe shotThe
The first bullet entered the body on onthe onthe onthe
the left side of the back ranged diag diagonally dlagonally diagonally ¬
onally upward through the body per perforating perforating perforating ¬
forating the heart and both lungs It Itleft Itleft Itleft
left the body near the right armpit and andwent andwent andwent
went through the muscles of the right rightarm rightarm rightarm
arm The bullet was found in the offi officers officers officers ¬
cers cCat sleeve The other bullet bulletstruck bulletstnlck bulletstruck
struck the officer in the calf of the leg legas legas legas
as he fell
Murderer Runs East EastThe EastThe EastThe
The man who did the shooting ran raneast raneast raneast
east through the alley and the other otherman otherman otherman
man dropped Nebekers overcoat which whichhe
he was carrying and ran across the thestreet thestreet thestreet
street through the Orpheum crowd and andto andto andto
to Commercial street where he disap disappeared disappeared disappeared ¬
peared pearedPoliceman pearedPoliceman pearedPoliceman
Policeman Young who was within a ahalf ahalf ahalf
half block of the scene of the murder murderhurried murderhurrIed murderhurried
hurried to the place where It occurred occurredSeveral occurredSeveral occurredSeveral
Several people from across the street streelhad streethad streethad
had preceded him When he got there thereRiley thereRiley thereRiley
Riley was lying face downward in the thestreet thestreet thestreet
street gasping for breath with bloQd bloodpouring bloQdpouring bloQdpouring
pouring from his wounds With the theassistance tMassistance theassistance
assistance of others he carried him to tothe tothe tothe
the emergency hospital hospitalDr
Dr W F Beer was close at hand and andhe andhe andhe
he hurried to the police station He Hefound Hetound Hefound
found that Riley was beyond medical medicalaid medicalnld
aid Before there was time to dress his hiswounds hiswounds hiswounds
wounds the officer had expired expiredAll
All of the day policemen were called calledfrom calledfrom calledfrom
from their homes and put in plain plainclothes plainclothes plainclothes
clothes to operate under the direction directionof
of George Sheets chief of detectives in inthe Inthe inthe
the search for the murderer A thor thorough thorough thorough ¬
ough search was made of the American AmericanHouse AmericanHouse AmericanHouse
House and other places of like charac character ¬
ter but no trace of either ot the holdup holdupmen
men could be found All of the men menwere menware menwore
were then detailed to search the rail railroad rallroad railroad ¬
road yards and to prevent the escape escapeof
of the murderers by train
Hardman driver of a street
flusher on State street gives a valuable valuableclue val valuableclue abla ablaclue
clue to the identification of the murder murderers ¬
ers He says shortly before the shoot ¬
ing they hurried north on State streeet streeetthrough streeetthrough strecetthrough
through the water he was spraying on onthe onthe onthe
the street It Is probable that the shoes shoesand shoesRnd shoesand
and the lower part of the trousers oi of
both men are very wet wetI
I was driving my flusher near the thecorner thecorner thecorner
corner of State and Second South Southstreets Southstreets Southstreets
streets said Mr Hardman when two twomen twomen twomen
men came running around the corner
They The came west on Second South street streeton
on the north side of the street and
turned north on the east side of the thestreet thestreet theStreet
street Both men were running One Onof Oneot Oneof <
of them had an overcoat on his arm armWitness armWitness armWitness
Witness to Murder MurderI
I cried to them to look out for the thewater thewater thewater
water but they did not stop and ran ranright ranright ranright
right through the spray After they
had gone a short way they were stopped
by another man who turned and start started started startad
ed to walk north with them It looked lookedto loa ked kedto
to me as though the third man was wawalking waswalldng waswalking
walking between the two whom I saw sawfirst sawfirst sawfirst
first and was holding them by th tharms the thearms thearms
arms Then there appeared to be a little littlescuffling littlescutIling littleScuffling
scuffling and a shot was fired I shut shuoff shutoft shutoff
off my water and started toward th thplace the theplace theplace
place I saw one man fall into the thestreet thestreet thestreet
street and as he did so the man fired firedanother firedanother firedanother
another shot and then turned and ran rannorth rannorth rannorth
north through the alley I didnt se sewhere see seewhere seewhere
where the other man went to toMrs toMrs toMrs
Mrs West est who rooms at the Luxor Luxorhotel Luxorhotel Luxohotel
hotel was walking along State street streewithin streetwithin streetwithin
within a few feet of the principals In Inthe Inthe inthe
the shooting when the murder occurred occurredShe occurredShe occurredShe
She was very frightened but in a gen general general general
eral way verifies the story of the other otheeyewitnesses othereyewitnesses othereyewitnesses
eyewitnesses eyewitnessesDuring eyewitnessesDu1in eyewitnessesDuring
During the greater portion of the time tlmsince timesince timesince
since Officer Riley has been In the city
he has been employed by the residents o of
Brigham street as a special nlghtwatch nlghtwatchman
man He was employed as such at th the
time of the murder and had merely
dropped Into the police station in connec
tion with his Brigham street work when
ha h was informed of the holdup and vol volunteered volunteered volunteered
unteered to assist in the capture of th throbbers the therobbers therobbers
robbers Officer Riley was also employed employedas <
as a special policeman at the Utah state
fair this week At various times he ha has
been employed as a special officer for th thcity the
city
Officer Riley was known as an energetic energetlana energeticanti
anti efficient officer He loved excite
ment and did not know what fear was
This trait often predominated his caution cautloand cautionand cautionand
and he loved to court danger when In like Ilkcircumstances likeclroumsiances likecircumstances
circumstances older officers would prob probably probably probably
ably have used greater caution cautionNews cautionNews cautionNews
News Broken to Wife WifeDr
Dr W F Beer the physician In at
tendance and one or two of those at th thpolice the thepollctt thepolice
police station started soon after th the
Shooting for the Riley home at 227 227street J JStreet
street Mrs Riley who had been b en at home hornalone homealone homealone
alone with the baby bab girl a child of about
G months I had gone during the evening t to
the home of a neighbor where she had
been playing pla lng the piano returning to th the
home shortly before the physician arrived
One or two of the women of the neigh
borhood were informed of the clrcum clrcumstances circumstances circurnstances
stances and when Mrs Riley was brought
to the home of a neighbor adjoining he hehomp her
home the nrws nr ws that her husband had
been shot was broken to her as gently
as possible possl le by the physician The T young youngwife youngwife
wife was wasnot not told at once onceot > 1of the death of ofIIley ofRiley ofRiley
Riley and she at once asked where he hewas hewas hewas
was begging to be taken to him Two TwoIsters Twosisters
sisters Of Mrs RIleS who had been noti notled notified notifled
fled ed of the occurrence previously were wereoon weresoon weresoon
soon on the scene and remained with her herRiley herRiley herRiley
Riley came to Salt Lake about two twoyears twoyears twoyears
years ago from the neighborhood of Alex Alexndria AlexaDllrJa Alexandria
ndria Va He is said to have driven the theatrol thepatrol thepatrol
patrol atrol wagon In Washington D C be beore before before
fore ore that time and also had been a B brake brakeman brakeman brakeman
man being a member of the Brotherhood Brotherhoodof
of f Railroad Trainmen He met his wife wifewho wifewho wifewho
who formerly was Miss Ethel Rumel soon soonafter soonafter soonafter
after his arrival here and the marriage marriageook marrIagetook marriagetook
took place soon afterwards afterwardsThe
The Rumel family Is numbered among
the old residents of the city the father fatherof
of f Mrs lr8 Riley being John Rumel who died diedjeveral diedseveral diedseveral
several years ago and the family home homeeing homebeing homebeing
being > at 174 West First North street Mrs Mrsllley MrsRiley MrsRiley
Riley has two brothers Ernest D and andValter andValter andWalter
Valter D Rumel and two sisters Mrs MrsCharles MrsCharles MrsCharles
Charles Newton and an unmarried sister sisterat
at home homeThe homeThe homeThe
The neighbors of the RHeys were greatly greatlyshocked greatlyshocked
shocked at the occurrence and stated that thatthe thatthe
the blow would be a heavy one to the theoung theoung theyoung
oung wife recalling the fact that the theouple thecouple thecouple
couple had always seemed very happy in intheir Intheir
their married life lifeA lifeA lifeA
A valuable team of horses belonging to tohe tothe tothe
the Superior Baking company was stolen stolenat
at the fair grounds at 10 oclock last lastnight lastnight lastnight
night and it is thought the murderers murderersof
of Officer Riley may have taken this thismeans thismeans thismeans
means to escape The team was In charge chargeof
of Manager Erath of tho baking com company company cornpany ¬
pany
SALT SAt T LAKE SHAKEN SHAKENBY SHAKENBYSEISMIC
BY BYSEISMIC SEISMIC WAVES WAVESContinued WAVESContinued WAVESContinued
Continued from Page 1 1cive 1cive 1dye
cive to earth disturbances Inasmuch Inasmuchas
as earthquakes are caused either by byvolcanic byvolcanIc byvolcanic
volcanic disturbances or movement of offault offault offault
fault planes Professor Pack Is con convinced convinced convinced ¬
vinced that yesterdays quake is to be beattributed beattributed beattributed
attributed to the latter cause causeProfessor causeProfessor causeProfessor
Professor Pack further said that thatthe thatthe thatthe >
the tremors might be but forerun forerunners forerunners foreruntiers
ners of If a great disturbance He Hequoted Hequoted Hequoted
quoted Professor Gilbert of the thegovernment thegovernment thegovernment <
government survey who has re repeatedly repeatedly
1 peatedly prophesied the destruction destructionof
of Salt Lake by earthquake These Thesesurmises Thesesurmises Thesesurmises
surmises are based on the fact that thatthe thatthe thatthe
+ the city and valley are directly over overpeculiar overpecullar overpeculiar
peculiar strata formations so situ situated sltul1ted situated
ated as to be termed fault planes planeswhich planeswhIch planeswhich <
which Professor Gilbert contends contendsmay contendsmay contendsmay <
may at any an moment settle further furtherdown furtherdown furtherdown
down creating earthquakes In the theprocess theprocess theprocess >
process processThe processThe processThe >
The local weather bureau was not notprepared notprepared notprepared
prepared to make any report on the thequake thequake thequake
quake last night although several ob observations observations observations ¬
servations and recordings were taken takenand takenand takenand
and forwarded to the department of ag agriculture agrIculture agriculture ¬
riculture ricultureBell rIcultureBell ricultureBell
Bell Telephone reports from different differentsorts ditIerentparts differentparts
parts of Utah and Idaho Indicate that thathe thatthe thatthe
the earthquake shocks were felt at atPreston atPreston atPreston
Preston Ida where the disturbance disturbancewas
was quite pronounced The shocks shockslowever shockshowever shockshowever
however were not noticeable at Poca Pocatello Poeatello Pocatello
tello indicating that the disturbance disturbancedid
did not extend farther north than Pres Preston Preston Preston ¬
ton The telephone reports are of shocks shocksat
at Montpeller Malad and Holbrook HolbrookIda
Ida and at Cache Junction Logan and andDgden andOgden andOgden
Ogden In Utah The shocks were not notfelt notfelt notfelt
felt according to telephone reports reportsfarther reportsfarther
farther south than Midvale Murray and andSandy andSandy andSandy
Sandy where they were slight There Therewas Therewas Therewas
was no disturbance reported from Pro Provo Provo Provo
vo American Fork Bingham Canyon CanyonPark CanyonPark CanyonPark
Park City or Tooele indicating that the thequake thequnke thequake
quake was confined to the stretch be between between between ¬
tween Salt Lake valley and Preston Prestonwith Prestonwith Prestonwith
with no appreciable effect to the east or orwest orwest orwest
west
Affect Electrical Current CurrentReports CurrentReports CurrentReports
Reports from the power stations stationsthroughout stationsthroughout stationsthroughout
throughout the state received at the theSalt theSalt theSalt
Salt Lake power house told of marked markedtremors markedI markedtremors
tremors which appeared to affect the theelectrical theelectrical theelectrical
I electrical current for the time being beingAt beingAt beingAt
At Brigham City the Oregon Short ShortLine ShorlLine ShortLine
Line passenger train due in Salt Lake Lakeat
at 930 was brought to a stop because becauseof
of the undulating of the earth which whichwas whichwas whichwas
was felt by the passengers even while whilethe whUethe whilethe
the train was speeding speedingReports speedingReports speedingReports
Reports from Hot Springs eleven elevenmiles elevenmlles elevenmiles
miles north of Ogden Indicate that thatpoint thatpoint thatpoint
point to have been the center of the thequake thcquake thequake
quake It is said that the entire valley valleyseemed valleyseemed valleyseemed
seemed to undulate from the north the theapproach theapprOtlch theapproach
approach of the shock being felt several severalseconds severalseconds severalseconds
seconds ahead of the wave waveThe waveThe waveThe
The Nob Hill district of Ogden which whichIs
Is close to the mountain reports the theseverest theseverest theseverest
severest shocks in that city Dishes Disheswere Disheswere Disheswere
were knocked to the floor and pictures picturesswayed picturesf picturesswayed
swayed f ayed to and fro on the walls The Thelights Thelights Thelights
lights went out all over the city for a amoment amoment amoment
moment momentIt
It is highly probable that the worst worstshocks worstshocks worstshocks
shocks were felt in the mountains and andtoday andtoday andtoday
today some attempt will be made by byprofessors byprofessors byprofessors
professors at the university to learn lf lfany t tany iany
any seams or cracks In the earths sur surface surface surface ¬
face have opened in the hills to the east eastof eastor eastof
of the city
MANY INQUIRIES MADE MADEABOUT MADEABOUT MADEABOUT
ABOUT THE EARTHQUAKE EARTHQUAKEIn
In less than five minutes after the theshock theshock theshock
shock had been felt telephones in The TheHeraldRepublican TheHeraldRepublican TheHeraldRepublican
HeraldRepublican editorial l rooms begon begonto
to tinkle and Inquirers wanted to know knowwhether knowwhether knowwhether
whether there had really been an earth earthquake earthqUake earthquake ¬
quake or their senses were deceiving them themThese themTh themThese
These Th se calls increased as time went on onPresently onPresently onPresently
Presently messages were received from frompersons frompersons frompersons
persons who had been where the shock shockwas shoclcwas shockwas
was so distinct they knew it had been beena
a quake and they wanted to know the theextent theextent theextent
extent of territory affected by It With Withalmost Withalmost VIthalmost
almost incredible Incr lble rapidity the news spread spreadto
to outside towns where the quake had not notbeen notbeen notbeen
been felt Provo citizens and residents of ofother ofl oflother ofother
other cities south of Salt Lake asked if ifIt ifit ifit
It were really true an earthquake had oc occurred occurred occurred ¬
curred They were aager for every scrap scrapof
of Information that could be given them themUntil themUntil themUntil
Until far into the night inquiries kept keptcoming keptcoming keptcoming
coming from people In Salt Lake and on onthe onthe onthe
the outside relating pranks played by bythe bythe bythe
the shock
OGDEN FEELS TREMORS TREMORSIN
IN VALLEY VALLEYAND AND CANYON CANYONOgden
Ogden Utah Oct 5 50The The earthquake earthquakeshocks earthquakeshocks earthquakeshocks
shocks which were reported from Salt SaltLake SaltLake SaltLake
Lake this evening were felt in this city cityand cityand cityand
and its vicinity vicinityResidents vlcinltResidents vicinityResidents
Residents ot f the Knob Hill district of ofOgden ofOgden ofOgden
Ogden report that two distinct shocks shockswere shockswere shockswere
were felt feltone one at 743 and the other at S24 SIp
p m Stories of houses with contents contentssuch contentssuch contentssuch
such as china and furniture being shaken shakenor
or disturbed by the tremor are numerous numerousThe n numerousThe merous merousThe
The shocks were said to have been beenplainly beenplainly beenplainly
plainly felt in the upper portion of the thehigher thehigher thehigher
higher buildings in the city clt cltReports
Reports received from Ogden canyon canyonwere canyonwere canyonwere
were to the effect that the shocks were werefelt werefelt werefelt
felt through that district districtWord districtWord districtWord
Word from West Weber and Plain City
both In this county tell practically the thesame thesame thesame
same tale
LOGAN IS ALARMED ALARMEDWHEN ALARMEDWHEN ALARMEDWHEN
WHEN EARTH TREMBLES TREMBLESSpecial
Special to The HeraldRepublican HeraldRepublicanLogan
Logan Oct 5 50Two Tvvo distinct earthquake earthquakeshocks earthquakeshQcks earthquakeshocks
shocks caused considerable alarm among
the people of this city tonight The first firxtshock firtshock firstshock
shock occurred at 73 oclock and lasted lastedabout lastedabout lastedabout
about 30 O seconds the second followed t5 C5minutes t5minutes t5minutes
minutes later at 810 oclock and was of ofabout ofabout ofabout
about the same period of duration The Theearthquake Theearthquake Theearthquake
earthquake wave seemed to be running runnlnIn
in a northeasterly direction and was felt
In l all parts of the city
Following the shocks the central tele telephone telephonp telephone ¬
phone station was kept busy answering
queries from anxious people as to whether whetheror
or not there had really been an earth earthquake earthquake earthquake ¬
quake There was a noticeable quiver in inthe Inthe inthe
the electric lights all over town just at atthe atthe atthe
the time of the earth tremors From all allreports nilreports allreports
reports the shocks seemed Be Incd to have been beenfelt beenfelt beenfelt
felt most distinctly In Logan Island and
In th the Fifth ward two sections closest to tothe tothe tothe
the foothills foothillsWord foothillsWord foothillsWord
Word received here from Cache Junction
is tb tt > the effect that the earthquake was wasvery wasvery wasvery
very distinct there and that in some
homes dishes rattled in cupboards and pic ¬
tures were almost shaken from the walls
GREAT STRUGGLE OVER OVERCENTRAL OVERCENTRAL OVERCENTRAL
CENTRAL BANK IS CERTAIN CERTAINContinued CERTAINContinued CERTAINContinued
Continued from Page 1 1central 1central 1central
central bank for undoubtedly there Is a agreat agreat agreat
great lack of information even among
bankers upon this subject subjectMr
Mr Reynolds is 1 probably a competent competentauthority competentauthority competentauthority
authority and in his Chicago speech he hesought hesought hesought
sought to outline this Important project projectHere
Here he pointed out was to be a bank bankof
of the people and for the people The Thepeople Thepeople Thepeople
people were to be the stockholders for foranyone foranyone foranyone
anyone would be privileged to buy the thebank th thbank thebank
bank stock Just as he might a govern government government ¬
ment bond A small interest on such an annvestment anInvestment aninvestment
Investment would be guaranteed by the thejovernment thOgovernment thegovernment
government any earnings more than suf sufIcient sufficient sufficient
ficient to pay the guaranteed interest interestwould Interestwould interestwould
would be shared by the government and andby andby andby
by the stockholders Political control of ofthe ofthe ofthe
the great bank would be made at least leastextremely leastextremel leastextremely
extremely extremel difficult by the life appoint appointment appointment appointment ¬
ment of the officers Integrity of oper operation operation operation ¬
ation would be assured by a board of ofsupervisors ofsupervf ofsupervisors
supervisors supervf rs appointed by the President Presidentthe
the secretary of the treasury and the thecomptroller thecomptroller thecomptroller
comptroller of the currency subject to tothe tothe tothe
the approval of the senate for alternate alternateterms alternateterms
terms of at least eight years to bridge bridgeover bridgeover
over political mutations Thus would be bemet bemet bemet
met the objections founded upon the his history history ¬
tory of the old United States bank that thatthe thatthe thatthe
the central bank might be prostituted to topolitical topoUtical topolitical
political uses and be made a powerful powerfulengine powerfulengine powerfulengine
engine for the perpetuation in power of ofone ofone ofone
one party It is not intended that the thecentral thentral thecentral
central ntral bank should support the credit creditof
of the nation that must stand or fall fallby fallby fallby
by Itself If the national government governmentneeds governmentneeds governmentneeds
needs funds if it spends more moneythan moneythan money moneythan
than it collects by taxation It must con continue continue continue ¬
tinue in the old way to borrow money moneyfrom mone monefrom moneyfrom
from the world at large by the sale of ofbonds ofbonds ofbonds
bonds bondsFor bondsFor bondsFor
For the single purpose of this projected projectedbank projectedbank projectedbank
bank would be to safeguard the business businessinterests businessInterests businessinterests
interests of the people In their private privaterelations privaterelations privaterelations
relations If there were need for more moremoney moremoney moremoney
money for business purposes the bank bankwould bankwould bankwould
would supply It by notes and If there therenerd therewer therewer
wer a plethora in dull times these notes noteswould noteswo noteswould
would wo ld be withdrawn rapidly Govern Governmental Governmental Governmental ¬
mental assistance to the institution would wouldbe
be limited to the deposit with the central centralbank centralbank centralbank
bank Of all government funds now In the thenational thenational thenational
national banks Perhaps that feature of ofthe ofthe ofthe
the project would be obnoxious to the ex existing exleting oxisting ¬
isting banks but it is hoped that they theywould theywould theywould
would find their compensation In being
relieved from their present burden of ofcarrying ofcamlng ofcarrying
carrying the whole weight of responsi responsibility responslblUty responsibility ¬
bility for increases in the circulating me medium medium medium ¬
dium to meet sudden demands of busi business business business ¬
ness At any rate there would be no nointerference noInterference nointerference
interference with the most profitable fea feature feature feature ¬
ture of the banking business for the cen central central cantral ¬
tral Institution would not receive deposits depositsfrom depoltsfrom depositsfrom
from Individuals IndividualsThe
The question as to how the business businessman
man is to benefit by a central bank is lesought issought issought
sought to be answered by the statement statementthat statementthat statementthat
that the project included a provision for forthe forthe forthe
the acceptance of good commercial paper paperas
as a basis for the issue le lUe of money Such Suchpaper Suchpaper Suchpaper
paper would represent actual transac transactions transaetIns transactions ¬
tions between solvent concerns concernsatl all short shorttime shorttime shorttime
time credits creditsand and sure to be redeemed redeemedwhenever redeemedwhenever redeemedwhenever
whenever the transaction transactionthe the sale and anddelivery anddellverywas anddeliveryWas
delivery dellverywas was concluded Of course there therewould therewould therewould
would be a reasonable coin reserve to tomaintain tomaintain wmaintain
maintain equilibrium equilibriumSuch
Such in brief is a bare outline of the theplan theplan theplan
plan which with manifold details prob probably probably probably ¬
ably will be laid before congress as an anaccompaniment anaccompaniment anaccompaniment
accompaniment of the report of the na national 00tlonal national ¬
tional monetary commission That It will willmeet willmeet willmeet
meet with fierce and prolonged opposition oppositioncannot oppositioncannot oppositioncannot
cannot be doubted and this too in spite spiteof
of the best efforts of the administration administrationto
to have the matter regarded as non nonpolitical nonpolitical nonpolitical
political The mere suggestion of a cen central central cantral ¬
tral bank already has sufficed to agitate agitatedeeply agitatedeeply agitatedeeply
deeply the great banking interests and andthe andthe andthe
the line of division began to be apparent apparentat
at the last bankers convention at Chi Chicago Chicago Chicago ¬
cago Many of the bank officers regard regarded re ard arded ¬
ed the project with deep suspicion They Theywere Theywere Theywere
were told that no encroachment upon their theirbusiness theirbusiness theirbusiness
business was contemplated beyond tho thowithdrawal th thwithdrawal thwithdrawal
withdrawal from their vaults of the gov governments governments goverpments ¬
ernments funds but they regarded the themeasure tbemeasure themeasure
measure as the opening wedge for the thedestruction thedestruction thedestruction
destruction of the most lucrative portion portionof
of their business and viewed with any anything anything anything ¬
thing but favor the plan whereby the thegovernment thegovernment thegovernment
government bank was to enter into com competition competition cornpetition ¬
petition for the enormous discount opera operations operations operations ¬
tions which gave them very great influ influence Influence influenco ¬
ence In the Industries of the country countryPossibly countryPossibly countryPossibly
Possibly their objections objt > tUons can in a mea measure measure maesure ¬
sure be weakened by a recourse to some someother somother someother
other means of securing a basis for tnt tntcirculating thtcirculating thecirculating
circulating notes of the central ntra bank than thancommercial thancommercial thancommercial
commercial paper such as an enlarged enlargedreserve enlargedreserve enlargedreserve
reserve of gold and silver or even gilt giltedged glltedged giltedged
edged mortgages on real property But Butthesft Butthese Butthese
these very suggestions probably would wouldcall WQul1lcatl wouldcall
call forth a new army of enemies to com combat combat cornbat ¬
bat the proposition for not only small smallbanks smallbanles smallbanks
banks but thousands of wealthy Individ Individuals Indlvliuals indivlJuals ¬
uals find a large part of their the r Income IncomeIn
In returns from mortgages while the lock locking lockIng locking ¬
ing up in government governm nt vaults of hundreds hundredsof
of millions in coin or bullion would arouse aronsbitter arousbitter arousebitter
bitter opposition from the advocates of ofthe ofthe ofthe
the perfectly elastic currency It may maybe maybe maybe
will willbe willbe willbe
be that the existing political parties
and that thatthere thatthere thatthere
be divided on this great question
there will be a new ne alignment In congress congresswhen congresswhen congresswhen
when It Is broached Indeed there Is Ismm Issome issome
some reason to believe that theadmin the adminis administration administration s stratlon
tration would prefer to wage the battle battleon
on this basis but the one assured foct is isthat isthat isthat
that in the consideration of th this s subject subjectcongress subjectcongress subjectcongress
in the near future utu will plunge plungeinto plungeinto plungeinto
congress into one of the most prolonged and hard hardfought hardfought hardfought
fought contests It has known since the thedavs thedays thedays
days of the slxteentoone struggle

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