The San Francisco call. [volume], October 24, 1907, Page 1, Image 1

About The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913

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Would you like to meet the best known
girl in America and the most populzfr,
too? You can do it. Look for her on
the front page of part -II of -
The Sunday Call
VOLUME OIL— NO. 146.
Calhoun, Bribe Giver, Opens Sack to Defeat Langdon
Government Will Deposit $25,000,000 in the Wall Street Banks
CORTELYOU
PROMISES
RELIEF
Attributes Flurry
to Unfounded
Rumors
Government Wilt Assist
in Restoring Confidence
Will Place Funds
in New York
Banks
Rockefeller's Millions
Thrown Into the Breach
__...
RJEW YORK, Ocl. 23, — The
I^l CTiiln In New York financial
\u25a0*" cirrlru was «afely paused
tor»ss.bt.- *fJer prolonged
• fifrrtErM a< J. P. Morgan*
" •\u25a0 r»v crßsuljeatlon of the pre»
-•;<» cf >>w York trant com
,-« -vr.t cCrrted. not different
; \u25a0•':'.-\u25a0 from the clearing:
..\u25a0,». rt*!u»Hatlan. it i^ In the
• \u25a0..•<.•»•€• of r protective ooxnhlna
' «r>. *T! of <!:* Iniltns" and sd
• »" y ' r.stjervatSv* trast Mm
^.\u25a0\u25a0.-.;. .pariit-tpated.
v » :• : al Leased Wire to The Call
:'hVS YORK, Oct. 23.— After a
;• ** f icrsree with the city's leading
- ;ncicrs, in which measures were
i :' : rmulated to check the panic that has
crown out of the suspension of the
Knickerbocker trust company and the
run en the Trust Company of Ameri
ca, Secretary Cortelyou said at mid
night that he would deposit $25,000,
jOD in New York banks. Cortelyou
said:
* "I have said to a number of gentle
men who called on me today that any
statement to the public regarding- ex
iting conditions here should be made
with the utmost frankness, so deposi
. tors and others interested in banks
might realize that entire reliance could
be placed upon It.
"Those familiar with the facts have
known that the situation was made
perious largely because of the circula
tion of unfounded rumors and the un
reasoning 1 anxiety of many, who
thought only for the moment.
"If the city will continue Its co
operation and if the public, on its part,
will reflect upon the real strength of
our banking institutions, there will be
a prompt return of the confidence
which their condition warrants.
"As evidence of the treasury's po
t'.r.on I have directed deposits In this
city to the extent of 125.000,000."
Wall street today was swept by a.
financial storm destined to pass Into
history along with the famous dis
turbances of the past.
Toward the close of the day there
were some signs th*t the fall fury
of the cyclone was modifying. Prices.
nfter a terrific break, showed some
recovery and greater steadiness toward
the close. Complete calm was not re
established. That was scarcely to be
expected, but a more hopeful xeellngr
prevailed among- financiers last even
ing-.
The storm center, while converging
still within the Wall street district, and
beating fiercely upon the Trust Com
pany of ' America, was not confined en
tirely to this city. There was a strong
influence which extended to the mar
kets of Europe and to those of other
large cities of this country. Pitts
burg was most acutely disturbed, and
justly so, for the first great commer
cial collapse of the present period was
announced there on the failure of the
WeEtinghouse electric and manufactur
ing company and affiliated concerns,
with liabilities estimated at $100,000.
00<T. The Pittsburgh stock exchange
Miepended business, awaiting a better
determination of the situation.
Conferences of bankers and , trust
company officials were, held throughout
the day. The wisest minds in the finan
cial district are dealing with the situ
ation under the leadership of J. P. Mor
gan and James Stillman. The latter,
with their associates — all working>to
ppther now. all" enmities forgotten in
« consequence of the gravity of the situ
ation — worked together for the com
mon purpose of relieving the situation.
Continued ea l'P** X> .firJnnm. A _
The San Francisco Call.
INDEX OF THE
SAN FRANCISCO CALL'S
NEWS TODAY
TELEPHOXE KEARXY SO
THURSDAY. OCTOBER 24. 1907
WEATHER COXDITIOXS
TESTERDAY— West wind: cloudy; maximum
temperature. 62; minimum. 54.
-J FORECAST FOB TODAY— Clondy, probably
"thOTTtrs; llsht southwest wind. rase 11
NEWS BY TELEGRAPH
EASTERX
GoTMTitnent will deposit $25,000,000 in Wall
street banks and the financial Munition !m
proTes. Page 1
Airship under as perfect control as an auto
mobile traverses one and a half ; reHe
course in 4 minutes and 40 seconds In St. Lxjnis
conleit. : Page 5
Failure of fonr We«tinghou»e companies at
PltteburE follows stringency in the money mar
ket. Pas;e 7
Germans win crest balloon race and France
Is second. Page 5
COAST
State bank unfl trnst company, operating stx
b*nk« In Nerada, closes them all and sreneral
financial crash Is feared In the gold dis
tricts. Page 1
Libel «ntta fall to shnt np Shortrldge. . who
nays be will repeat publications a^&lnet Con
grescman Hayes until he reaches limit of
bull. Page 11
Stockton boy- dying: from injuries receKed-in
an iron breaking 1 machine, his clothes having
been placed between rollers by older " em
ployes. . Page 12
O. V. Erlewine of Sacramento elected presi
dent of the Northern California teachers' asso
ciation. F . -- Pasell
EDITORIAL
Roosevelt and Wall street. Page 8
Mr. HarrLman improves. PngeS
Defending San Francisco's trade. Page 8
FOLITICAL
Mayor Taylor " and DUtrict Attorney lAngdon
address irreat gathering In Maennerbnnd hall
and in his apeech Langdon flays Patrick Calboun
for his corrupt work in opening a campaign cack
to . defeat the re-election of the district at
torney Pas* 1
\u25a0 -Growing .avideaee . «f a compact between, th«
backers .of . P.. H.. .McCarthy and Daniel |A.
PfM- ...... . ../... /. : ''• . . C p "Kel
Daniel -A. Ry«n»adare*«ef ; four .mi»etlßS« -sad
w!th Langdon appears at. Twenty-fourth aad
Church streets. . Page 4
At a McCarthy meeting McGowan says Hearst
wants cheap labor to rebuild tie city. Pajje 4
GRAFT \
Ex-Superrlsors Phillips anfl Gallagher repeat
their conrwslons of bribery «nd admit having on
deposit money paid for their rotes; Josepn Mc-
Carthy, a laborer, shouts at Ford Jnry to "let
him go" and Is reprimanded by Judge I/8w-
Cnlted States district attorney files seven
suits against Southern Pacific and Nevada, Cali
fornia and Oregon railroads to force them to
use safety appliances. Paaje 5
Board of works ousts Supervising Architect
William Shea and appoints Newton J. Tliarp
city architect. Pace 9
Mrs. Talbot's attorney reads love letter writ
ten by husband after beginning of alleged
cruelty on which the divorce . snlt is
based. Paste 10
F. A. Berlin roust appear In court, tomorrow
to explain his expenditure of $45,000 belonging
to estate of John H. Hite. Pase 16
Salradoran army boards City of Sydney at
Acajutla and liner Is detained under guns of
warslif President for 15 hoars while soldiers
Bearcb ship In - rain * for "Johnny" Molssant,
leader of Nicaragnan forces. Page 15
Harry Klein, son of * wealthy New Yorker,
steals large sum from Swift packing company
and is sought by the police. Page 16
C. P. McLeod. well known real estate dealer,
leaves city suddenly and a warrant will be
Issued for bis arrest on a charge of embeziUng
from $5,000 to $7,000. > Page 1G
J. W. Wat kins, prominent lumber mill owner,
shoots himself in breast while despondent and
probably will die of wound. Pajje 5
SUBURBAN
Mrs. Sylrano rims •atartaißa with tea
for Mlri Alia Heasbtw, wot soon will becom*
a' bri<H. Page «
' Women awed item «t OQv* tfimTTr are , atmid
to glv» moa«y to aid ta her tfefeaw for political
reasons, tb«y allege. Page 8
rormaan of plasterer* aoea mdoa for ' $10,000
damages as reentt e£ his snitfemsitan. . Page •
OocncH's . w«ord* rooa* la* <tf Mayor Mott, wbo
plan* menaf • to wake 119 body oa street
affairs. - . Page 6
. Ttmg stops wrong mv Is tsnnel and apolo
gizes for bis mlstak*. Page 0
Ten thotisand persons b tar Sonst/s band play
In Greek theater in Berkeley. -";' Page 11
SPORTS
Stanford yarstty defeats the Unirersity ;. of :
Nevada at Rugby, 31 to 0, and California vrins
from TancooTer, 16 to 12." ' Page 10
San Francisco and Portland . win Coast league
baseball games. Page 10
Largest and best field in the history . if. tie
event will start in the opening handicap at
Emeryville. ' Page 10
Boxer Jack Johnson opens a- T to 10 public
choice over Jim Flynn. \u25a0 Page 10
LABOR
Concrete workers will hold a district i conven
tion next month. Page 9
VarnUheri* and . polishers' union will jrive r a
bait , on November 1. Page 9
MARINE
Pacific . Mail liner : City of Sydney Is ; s«horo
for two days at Corinto and when floated brinks
Klcaraguan' submarine cable and nearly wrecks
telegraph" station. _ Page* 11
MINING
Suspension of •. two '\u25a0 Nevada banks ' causes gen
eral : fall in Nevada mining stockr in San
Francisco boards.'"" '". -v- •: Page 15
\u25a0: Bankers . and brokers ' think mine - stocks hold
np remarkably ' well ; under} floods of : selling " or
ders by holders seeking ready, money. *.X Page 7
• . Debutantes and officers ' from .the - Maryland
among » those \u25a0;. entertained at»: tea -given ; -by.
Miss _G«n«vleT« .Walker in \MtsJ. Martin's*
SIGNS ON DOORS
OF RICKEY'S SIX
NEVADA BANKS
Institutions Suspend 'Pay
ment and Depositors Are
in Panic
ACTION UNEXPECTED
Inability to Realize on Col
lateral Announced as
the Reason
"RUNS;." ARE PROBABLE
Nye and Ormsby County
Concern Closed While
Coin Is Shipped In
Special by Leased Wire to The Call
TOXOPAH, Jfer., Oct. 23. — All
brsnrhrs ' of the ]Vye and Ormsby
connty bank vrlll. close tomorrow. That
In Reno dotted today. The Tonopah
banking; corporation Ttilll remain open,
as frill the Cook bank of Coldfleld, . ac
cording to a statement by George
TVlntrfleld tonight.
"We >Tfill go ahead - and do hnalnesM,
although .we have been asked to close,"
\u25a0aid Wlnjpneld. "We have : plenty of
money—^soo,ooo In . Tonopah and Gold
fleld. A special train will arrive tomor
row with a half million more to re
lic-re the situation. Things look -very
serious and I do not ttiak the bottom
in reached. I urn satisfied that all the
banks will make /a:ood. : -, The canse; I
attribute - to; * i^neral-^cWnraittOTredbCtiiß
'slump In Mecnritlesl I. do not think that
Sehirnb'i statement . had • an yt hi nc to do
with" the 1 sltnation.'? V^
"" Winarfield broaeht 8100,000 over from
Goldfield tonlicht, as a ma .tomorrow
mornins: is expected. Senator Xlxon will
arrive tomorrow to take charge' of the
situation. .
GOLDFIELD, Nev., Oct 23.— The
State bank and trust company branch
here suspended payment at 10:30
o'clock today, following the receipt of
an order sent by Cashier Davis of the
headquarters bank in Carson City.
Following the posting of notice of the
suspension the town constable an
nounced that the property was under
attachment. Orders to close were
wired from San" Francisco after a di
rectors' meeting. President Thomas
B. Rickey, .who ; is in San '. Francisco,
telegraphed that he had ample support
and would resume in a few days. .
Rickey Is one of the richest men In
Nevada and la consplouous In many en
terprises. He bought largely of Owens
river -water bonds sold by. the city of
Los Angeles '; recently.' __ Hia association
with the : defunct : Sullivan trust com
pany cost him heavily, several of its
mining: "properties of doubtful value be
ing now held by. his ; banks, but un
doubedly ha can . save the ait nation It
he be willing.
A. statement Isano* by ActJrug- Caahlor
Wise assarts that the QoldfieLl branch
can pay deposits two tor o&» ctad th»t
this closing; is merely a matter of ex
pediency; that no montr \r!ll bt Bent
away from Gold-fleM and all depositors
Will be paid in '-, fun. Several - heavy
depositors, includlnar >D. Ml McKßnzia
and' R. Xv Colburn, express oonfldence
In the bank's solvency, Colbuxn buying
all the bank's, paper offered.
Following news '. of th« suspension a
run was started on' the Nye and Ormi
by county bank," which" continued '\u25a0 until
closing: ttme/ Cashier Virgin 'declared
that all checks would be paid. About
$150,000 * t was f paid i'out \ today. It
persistenly '• rumored \ tonight that the
Nye and • Ormsby \ county ; bank would
not ; reopen; tomorrow, and that a big j
run' on ? the { John >S. Cook bank ;' would '
be started.' The latter undoubtedly will
withstand a run. No/other concerns \
were affected today.
SURPRISE FOR DEPOSITORS
Their Funds Accepted Up; to the
' Minute of the Suspension
TONOPAH, Nev., Oct. 23. — The finan
cial situation in Tonopah Is strained.
The local branch of the State bank and
trust i suspended payment at
11: o'clock today. 'Cashier. K. B. Cush
man .'said tonight that- the • securities
held on loans had, so depreciated in
value that the bank was abl# to realize
but 'little on its/ collateral. Deposits
had fallen off during;- the summer
months: and collections had: been- slow.
In a nutshell, he said,' the -bank: had
closed its doors -it- was v short
of ready' cash.' ."- • .'-\u25a0\u25a0\u25a0\u25a0 •"• . ~
i^JThere vwas * no^run .on j the ; bank, , be
Growing Evidence of Compact Between
the Backers of McCarthy and Ryan
The smiling silence of P. \u25a0H. McCarthy under/ what purport ; to be the attacks
of the Hearst-Czolgosz champion of Candidate Ryan -becomes doubly significant by the
accession of McCarthy's official pamphlet to the Ryan corps of publicity mediums. Mc-
Carthy's official circular, formerly the champion of Ruef , Schmitz and the boodling
supervisors, has dipped into the^RyanYend : of the campaign, and is faithfully reproducing
thie Ryan boosts printed by the Czolgosz: champion of arid \by ,Calhoun's private
organ, the Oakland: Tribune. Mo- 1
Carihyv , the firebrand, has refused to
flare Tip affattUßt • Hearst. From \u25a0 the In
ception of ; his ostap&lgn h« haa s tead -
fastly refrained from leveling - any of
bis yfrolent attack at Ryan. In fact,
fwr the moat '• part, he - ha* ' failed even
to mention , the other self -nominated
candidate in his (tump speeches. He has
mildly called ?. bad . : names • after • Cal
honn, as he: must do i;to; maintain anyj
like a semblance of good faith with the
people whose support he. asks. He has
vented his spleen -on that portion
of , the press , which ': has not attacked
him editorially. : He : has "reviled : the
graft ' prosecution. He : haa * sneered
at. Taylor andVabused "him viciously.
But lie has ..not 'attacked Ryan nor
has he come back at any of the charges
made, against ; him by. the Examiner.
Ryan ; has • been equally considerate"' of
his ; friend McCarthy. His references to
McCarthy have been, confined to a most
gentlemanly \u25a0'repetition - of > ; . a . slngln
statement' made by McCarthy, and that
statement one « directed at 1 Mayor Tay
lor. The' Czbigosz sheet, which had been
supporting i McCarthy L In so far as the
most favorable "use of Its news columns
was - concerned;! and attacking Ryan;
suddenly: switched ;to^ Ryan. Close on
the heels of the Hearst organ of assas
sination followed the} Oakland : Tribune
and i its < proprietor,] Dargle, unashamed
champion-; of . Calhoun Wnd ..the bribe'
givers^ Now; comes- McCarthy's ofacial
circular : and, the reports of ;an under
standing,; between j McCarthy ; and \ Ryan
become , something- more tangible than
a'meref rumor."-:. \u25a0\u25a0" ; ; \u25a0' :. ' • *
- . .-\u25a0. . i '-, . t , ' -
MANIPULATING vCAXbIDA.CIES
.'" Thomas '. F.\: Eagan,™ ex-ch al r m an to f
Ryan 's Support
George A. Van Smith
openly • accuses MoCarthy of > playtnj;
Calhoun'a gam* "before. '- McCarthy was
nominated.- Eafan b*M not ehAnfed his
tuac The labor 1 leaders who, from tn.e
date of the y carmen' a • atrilca, - hay mi
<cused». MoOarthy •/ of -" conspiring;: with
Calhoun *to\ force : a : strike \ for „ purely
political , purposes, chief •of \u25a0 which : was
the - defeat Vof §< Langd on, have 'net
i changed their mlnda "nor their.'accusa
tions. \u25a0 ;\u25a0 ' •
\ The > Interests '. behind -i the '\u25a0\u25a0 McCarthy
ticket got r behind ;>McCarthy. for \\ih»
purpose of Langdon. / Those
are-the interests that control the news
;paper.and'circular champions of graft.
•With certain defeat conf rqntlng* i Ryan
j and! McCarthy separately,*:, the interests
have decided evidently* so Ito manipu
late; the candidacies -of ,Ryan and Mc-
Carthy , as 'to -elect whichever , ; one" of
them may;, show, the , greater ' strength
arid afford the better chance' of .beating
! Lanirdon: ;. _\u0084 .";'•. '; -.':/ . \u25a0«. : \u25a0 -
j UNDERSTAND EVGTVITn MCCARTHY ; j
Ever since he i was nominated there
have < been . Insistent rumors that Me-'.
Carthy was ; to withdraw in 'favor of
Ryan when I , the campaign was well .ad
vanced. Before he" was nominated, and
since then, Ryan has discussed. the pos
sible effects ,of his withdrawal in the
midst- of "the flght. , "When': he was be
\u25a0 ing urged -to . nominate i Taylor ' instead
of - himself, Ryan- suggested : that *. he
might' greti out* any,; time; after
tion' and : 'bef ore election and speculated
•on: the* consequences. .Up; to ;the;hour ]
;of " McCarthy's > nomination Ryan was j
\u25a0playing ;a union' labor nomination
: or indorsement for^ himself. \u0084E vidently,
under ; the patronage of ; his, new : "affln
jity,'UHearst, !!> he i has some ;kind ;
: CnatinnmA^^M, Fjoms 3*; Column r 1'
impertinent Question No. 22
WHAT ARE YOU AFRAID OF?
See Page 11, Bottom Columns 1 and 2;<
One Hundred Dollars for
Election Guesses
MOW"B* yOU-fi|TS« out tie restfit of tbo-roeoJac election in San.
' ' Whom 49 YOU forecast «a ttaa peopled choice for mayor* :
'-; By what. veto do you predict ho will be elected?
Rere*s tome easy money for YOU—oil 70c havo to
'; do is to I pjeas tod gutsi better than your cempetitors.
Down below is a cocpon for you to fill out with your*
forscoat, your name and address' and ta en to mail to
• Election Returns Editor, The \ Call.
For the; prediction that comes nearest the winner 1 * plurality as
shown: by the: semtefficial returns 1 to: th« registrar The Call wOl pay
•v Fifty Dollars
. Por the second nearest prediction The Call will pay ~~~J \
". P»s the third nearest prediction The Call will pay , Jj
(Fill otrt this coupon and mail it to ELECTION RETURNS ECU
ITOft^THS iCALL/SANFRANCIiSCp.)
{.Tayloc ) will be elected mayor by a plurality
McCarthy V
Ryan- yoi..\^l^ ..^.-votca. :j:j
v.-.y^V;, . ,-\u25a0'-\u25a0,-.?.- -.-\u25a0 \u25a0-- \u25a0 \u25a0 - . . . \u25a0 . . .-\u25a0\u25a0.-,- *-. \u25a0 - 1 % \u25a0
NO PREDICTION WILL BE CONSIDERED THAT REACHES
THIS OFFICE * LATER THAN MIDNIGHT. SATUR
DAY, NOVEMBER 2, 1307. v
PRICE GBTVE CENTS.
MAGNATE USES
MONEY TO BEAT
HIS PROSECUTOR
District Attorney Langdor
Exposes Calhoun's Work
to Corrupt Voters
CHEERED AT MEETING
Mayor Taylor Also Wins
Plaudits at Great
ROUT McCARTHYITES
Efforts of Disturbers to
Block the Enthusiasm
Proves Failure
"My opponent - said last\
night that he would prose-,
cute Patrick Calhoun; but*
tonight a United Raifirpads:
campaign sack Ims^been,
opened in\ Fillmore \u25a0
What has it becn^hnedk.
for? Is it to send Mri'Cal
houn to prison? f I hare not
heard of Mr. Calhoun 6r.ahy\
of the arch-criminals * put-]
ting any money into the.
fight of the present district
attorney."— Extract from a\
speech delivered last night
by-District Attorney Lahg
don in Maennerbund hall. •
Mayor Taylor and District
Attorney Langdon ' made
speeches last night in a sec
tion of the city which labor
party politicians ..have been
calling a McCarthy , strong-;
hold. They spoke in the thir
ty-second district in Maen
nerbund hall, Twenty-fourth'
| street and Potrero avenue,
before a crowd that filled:
! every seat and every inch of
standing room, and their
pleas for good government
aroused enthusiastic ap
plause.
A noisy minority tried to"
turn the meeting into a Me-
Oarthy rally, but every time
they cheered -for their leader
the followers of Mayor Tay
lor answered with a cheer of'
Costtaned oa Pax* 2, Column 4