4
*V
CLOSE STOCK
EXCHANGE IN
\, Embarrassment of Westing''
hsusp Electric Interests
Probably Necessi/v
t, |^ting Receiver
ship Cause
KNICKERBOCKER IN
^CHARGE OF EXAMINER
Depositors Notified That the
Bank Would Not Resume
Payments Today—Cor
telyou to Remain in
iN
New York. Oct. 23. —Secre
tary of the Treasury Cortelyou
made large deposits in the local
banks today. He Is In close
touch with the present situation
and believes he is able to cope
with it:
Fifteen bank examiners were
sent out this morning to various
parts of the city and reported at
11 o'clock that there had beep
nothing in the nature of a run op
any financial institution except
the Trust Company of America,
and. that conditions at all other
banks and trust companies wt^e
normal.
....Call money opened high. At,
noon it was lending at 70 per
cent.
It rose t0 90 per cent before 1
•o'clock.
O—
TWw Yoirk. Oct. 23. Secre
tary Cortelyou said today
"I will be here throughout the
day and as long as the situation
seems to need my presence."
Acting State Superintendent of
Banks Skiner, took possession of
the Knickerbocker Trust com
pany and its branches this morn
ing. He said there would be no
further resumption of business
by the Knickerbocker until he
had thoroughly investigated its
condition.
"O
Pittsburg, Oct. 23.—The stock ex
change didn't open, this morning, the
members deeming It advisable that
the exchange remain closed tempor
arily owing to the demoralized feel
ing in Westinghouse Electric.
President Hall of the stock ex
change issued the following state
meat:
"The Security Investment Co., finds
itself involved and this will necessi
tate a temporary suspension or a re
ceivership for the Westinghouse
Electilc company. The Westinghouse
Machine Co., and the Fernst Lamp
"Manufacturing company are in an
absolutely solvent condition. Tho
^.condition of the Security^ Co. will in
-no way affect the Union Switch and
Signal Co. and the Westinghouse Air
Brake Co. I would like it explicitly
^understood that It was at the request
of the Pittsburg clearing house that
-'we have suspended trading temporar
ily."
Asks for Receiver Today.
The petition for receiver for the
.concerns named will be made today.
"^Bankers interested r:. .jress no doubt
of pulling the companies through suc
cessfully. The embarrassment of the
concern is attributed to inability to
secure funds on account of stringency
in the money market. The amount in
volved will run up into, the millions.
•H Knickerbocker Still Clos-**.
r- New Yory, N. Y., October 23.—
The Knickerbocker Trust Co., an
nounced to depositors who were wait
ling at Its main office that it would not
.resume payments today. Crowds
^gathered at the front doors of the
'•'.Knickerbocker and the Trust Co., of
5.
i*
America and its branch early today.
:Oakleigii Throne, president of the
American institution, stated that he
%had plenty of cash on hand and was
^prepared for all emergencies. The an
noun cement was made that Thome
'had sold control of the Georgia rail
road He declined to say to whom the
-•-railroad had been sold, but denied it
was the Rock Island interests.
Stock Market Demoralized.
The opening of the stock market
gave evidence of demoralizations but
severe pressure converged on but few
stocks. The range of decline in many
•of the active stocks was restricted -to
a point. Deleware and Hudson fell
•-11 points. Union Pacific 5%, Northen
Pacific 4, American Snuff. 25, others
rror.i one po*nt to 3 Westinghouse El
ectric declined 19%.
Rally in London.
London, Oct. 2". —The premise of
Eor.retarv Cortelvcu to place large de
posits nf government money in the
•New York banks has created a favor
able impression on the stock exchange
nd today the American section
rallied.
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.^
The "Strobel" had circled several
times about the inclosure over the
heads of the shouting multitude and
Dallas had turned his balloon back
towards the tent occupied by the sol
dier guards' when suddenly the gaso
line engine which turns the propeller
stopped, leaving the aeronaut power
lessly floating 500 feet in the air.
TRUST CONTROL
IS DEMANDED
CIVIC CONFERENCE SPEAKERS
DO NOT FAVOR GOVERN
MENT OWNERSHIP.
Chicago, 111., Oct. 23.—(Special)—
Government control of railrbads and
other utilities, as a means of averting
the peril of government ownership,
was the keynote of the addresses at
the first day's session of the confer
ence on trusts and corporations yes
terday In Music hall. The conference
is held under the auspices of the in
dustrial department of the National
Civic federation. Five--hundred dele
gates are attending from forty-two
states. President Nlcholap Murray
Butlef -(Sf COtoiribKf uftiVeraity presid
ed. Following are some of the state
ments expressed by leaders of the
conference:
William Dudley Foulke—
Government control of railroads is
wisely putting off the day for govern
ment ownership and operation which
would otherwise be very near us—
putting off until a time 'when the
state itself shall be far better equip
ped and qualified than now to assume
the duties which may be found to be
inevitable.
Seth Low—
However great the fear of the com
mon people maybe of centralization
of government, I think that fear will
prove to be less great than their fear
in corporations controlling the high
ways of commerce.
Nicholas Murray Butler—•_
Unless we propose to wreck the
whole economic basis upon which our
happiness and prosperity rest, we
must have a care that we so speak
and act as not to disturb that faith
and confidence which civilized man
has in his fellows, and upon whioh
rests the whole enormous structure of
our credit system. Destroy that and
there will not be many public service
or other corporations left to regulate
for some time to come.
Theodore Harburg—
Suppress discrimination, compel the
trusts by law to sell at one price to
all comers at the, factory door. That
would re-establish the open door.
Wade H. Ellis-
Let congress require every corpora
tion to attend to its own business in
its own name without the power to
own stock in other corporations and
we shall have no fear of the evils of
corporate wealth.
EDITORS MEET AT JOLIET.
Newspaper Men From All Parts of Il
linois Discuss Subjects Inter
esting to Them—Visit Prison.
Joliet, 111., Oct. 23—Editors and pub
lishers of dally newspapers from all
parts of Illinois are in Joliet to partic
ipate in the annual convention of the
Illinois Dally Newspaper association.
Between seventy and eighty delegates
are expected.
The business sessions are held in
the rooms of the Commercial club.
The principal social features are a
tour through the penitentiary this aft
ernoon, with a reception and banquet
in the evening at that institution.
RECORD-HERALD WINNER.
Chicago Pap?r Made Defendant
Libel Case at Fairfield, Victor
in Suit.
in
Fairfield, Oct. 23. Judge Vermil
ion yesterday reconvened the district
court and the Jury in the case of
George D. Henry vs. the Chicago
Record-Herald brought In their verdict
which was in favor of the defendants.
The jury had agreed upon a sealed
verdict at an early hour la.?t Sunday
morning, and as court would not be
opened until Monday morning, thoir
verdict was unknown. From the evi
dence introduced, the verdict was a
surprise.
Another Cement Plant for Iowa.
Mason City. Oct. 23.—Four cars of
material for the Lehigh Cement com
pany arrived yesterday, which indi
cates a second large cement plant
'here.
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VOLUME 60 OTTUMWA, WAPELLO COUNTY, IOWA, THRTJSDAY, OCTOBER 24, 1907
DALLAS HAS NARROW
ESCAPE AT ST. LOUIS
Operator of Airship Which Electrified Ot
tumwans During Ollepaw Carnival Runs
Onto Wires in Trial Flight
Captain Jack Dallas, the daring
aeronaut who electrified Ottumwans
with his spectacular flights during the
recent Ollepaw carnival, narrowly es
caped death in a trial flight at St.
Louis yesterday. The Strobel is a
favorite in the big airship race which
starts at St. Louis -this afternoon.
Dallas remained in the air at an
elevation of 800 feet for nearly ten
minutes yesterday and narrowly es
caped death while at an altitude of
500 feet. His balloon became unman
ageable and descended, falling across
double wires.
Fortunately, the wind was light and
the machine began to descend slowly.
The crowd ceased its shouting and
anxiously watched the helpless man
floating away to the north, clinging
to the steering frame of his machine.
It continued to descend and Dallas
guided thq machine by moving to the
rear and manipulating the rudder
with his hand direct. Seeing the per
il of drifting on top of adjacent
houseB
the aeronaut cast oft his drag rope
with the hope that with assistance be
low they might stop his course.
After floating two blooks the bal
loon began to fall rapidly from an
altitude of 150 feet and then crashed
into the trolley wires. While this
broke the fall and probably Baved his
life, death'by electrocution or explo
sion of hydrogen confronted the aero
naut. However, he was untangled
from the wires by linemen and escap
ed with a few bruises.
BAPTISTS FAVOR
THE CAPITAL CITY
NUMBER OF COMMITTEEMEN DE
SIRE DBS MOINES, BUT OUT-:
COME IS YET UNCERTAIN.
GrinneU, Oct. 28.—ODes Moines ool
legre Is said to be in the lead among
the Baptist delegates here on the quei
tionof the location of a state Baptist
institution.
If is known that some members of
the committee favor making Des
Moines college the college of the de
nomination in Iowa. The- same mem
bers favor continuing Pella, but only
as a junior college or an academy
eohool with promlnetfoe devoted to
normal work and musio, taking stud
ents through the sophomore year and
accredlclng work in Dee ,Moines coj
lege, but oohferflng' no degrees. "Just
how much weight thoBe members fa
orlng this plan, will be able tt oarry
in committee and In making recom
mendations to the convention no one
is able to state as yet. H. M. Remley,
who is a power In the oommlttee and
has shown a tendency to dominate, is
not exactly in favor of a denomina
tional school. He has educated his
own children in the state university,
and for that reason is not muoh of a
believer In 'denominational schools./
Remley Meets Opposition.
Other memebrs, however, will hold
out for a denominational institution,
and that Des Moines be the college In
Iowa.
Outwardly orange buttons, express
ing allegiance to Des Moines oollege,
are the only signs of a contest over
the location of the Baptist eduoa'
tlonal institution in evldenoe at the
convention.
Yesterday's sess'on of the conference
was occupied by the closing period of
the pastoral conference. Rev. E. M.
Grlffln of Dee Moines gave an exposi
tion of the scriptures, and Rev. J. W.
Graves of Dubuqve, and Rev. J. R. Sly
of Chicago were on the program for
addresses.
The following officers of the pastoral
conference were elected:
President—Rev. Vernon S. Phillips
of Cedar Rapids.
Vice president—Rev. B. H. GUlett of
Aurella
Seoretary—Rev. J. F. Porterfleld of
Algona.
Treasurer—Rev. W. R. Hill of
Cresoo.
Executive oommlttee—W. E. Stan
ley of Eldora, H. P. Chaffee of Grun
dy Center, C. T. Ilslev of Indlanola.
The afternoon session was devoted
to foreign and home missions, the re
port on the former being read by F.
M. Archer of Cherokee, and on the lat
ter by Rev. A. Legrand of Pella, Rev.
A. M. Levack of Independence, Rev.
D. McMasters of Tama, Rev. J. R.
Hargreaves of Iowa Falls, and Rev. D.
B. Cheney, D. D. of Waterloo, were
also on the program.
At last evening's session Rev. Wilson
Mills, D. D., Sunday school secretary,
gave his report.
ASKS $10,000 FOR HER BEAUTY.
Notre Dame Girl Sues Man Who Dis
figured Her by Shoot
ing.
Notre Dame, Ind., Opt., 23.—Lucy
Bennett, through her next'friend, her
mother, today filed suit against Jer
ome Lillian, a saloon-keeper, for $10,
000 damages. Lillian Is charged with
disfiguring the girl by shooting blank
cartridges at her face because she re
fused to dance for him and his friends
He is also being criminally prosecut
ed.
STRIKE BREAKER DEAD.
William A. Forgey, Professional in His
Line, Victim of Accidental
Revolver 8hot.
San Francisco. Oct. 23.—William A.
Forgey, a professional strike breaker,
survivor of half dozen serious wounds
received in riots in every, part of the
United States, died yesterday, the vic
tim of an accidentally discharged re
volver which sent the seventh bullet
Into his body.
Mississippi Negro Lynched.
Okolona, Miss., Oct. 23. Charged
with having insulted and threafen2il
the life of a young white woman of
this place, Henry Sykes, a negro, was
taken "from the custody of :tn officer
five miles from here last nic'ut and
1 lynched.
UmiM
mmtm
Buzzard Served
ywwjt) •!miniuijj-UL
Fairfield, Oct. 23. —(Special.
There is to be an old fashioned log
rolling raising at Pioneer Park Fri
day. The old Bonnlfleld cabin is to
be put together. The folowlng invi
tation has been issued by the com
mittee:
"To the public: You are oonllally
invited to attend the log rolling and
log raising of the Bonnlfleld log cab
in at Old Settlers' Park, North Court
street, on Friday, Oct. 25. Bring your
floes and help rive the shingles. Work
begins at 9 o'clock. Bring your din
ner and your camera and have a good
time."
The Bonnlfleld cabin is the old
home of W. B. Bonnlfleld, the Ottum
wa banker, and Is one of the oldest
houses standing in the state. It will
be preserved as a historical rolio.
LAUGH CAUSES NEGRO'S DEATH.
Charles Purguson's Rolls off Bed and
Passes Away.—Due to Heart
Failure.
Des Moines, Oct., 23.—Charles Pur
guson, a negro remarkable for his
size, laughed heartily at the home of
his brother-in-law, Henry Murray, at
1447 Fremont street this morning and
rolling off the bed upon which he was
sitting, he died almost Instantly.
The cause of his death is attributed
to heart disease, as he has suffered
with heart ailment before. Purguson
was over six feet tall and had a won
derful physique. The relative thought
he was feigning death until they call
ed in the neighbors after they became
alarmed and the fatality was confirm
ed. He leaves no family.
Irish Professor Comes.
Dublin, Oct. 23.—Dr. P. J. Lennox,
professor of modern literature in the
Royal University of Ireland, who has
received the appointment of professor
of English literature in the Catholic
university at Washington, will leave
Queenstown today on the steamer
Carmania for New York.
Family Stricken by Scarlet Fever.
Marshalltown. Oct. 23. Two dead
within fifteen hours and three -Ian
gerously sick is the result of a scar
let fever epidemic in the family of T.
Loney, five miles southwest of here.
The eldest son died yesterday aft
ernoon, another this morning, and ona
of the three other children very
low, and the three remaining children
exposed are expected to be ill
A doctor was not called unr.ll the
1
V-J
With Dumplings
A Deadly Meal
Copbln, Ky^ Oct. 23. An
Italian section hand killed a
buzzard yesterday and then
cooked the bird, serving it with
dumplings. He Invited three
other Italians to partake of the
meal. An hour later the host
died In great agony. His three
oountrymen are not expected
to recover.
TO PRESERVE CABIN
Old Bonnlfleld Home at Fairfield Will
be Preserved In Park as Histor
ical Relic.
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On a rainy day those new style hats for women may have thir-uses after all.— Observations from tlife Mere
Man's Notebook.
FOR TEN YEARS
UPPER MIS8I88IPPI RIVER IM
PROVEMENT ASSOCIATION
ASKS C0NGRE88 FOR THIS
AMOUNT AT MOLINC MEETING.
Moline, III., Oct. 28. —The next
convention of the River Association
will be at Clinton in OcMber, 1908.
Strong resolutions were adopted this
morning calling on congress for en
annual appropriation of not less than
$2,000,000 for ten years, endorsing the
upper river reservoir system and urg
ing larger reservoirs and requesting
Speaker Cannon to appoint an lowa
man on the rivers and harbors com
mittee in the next congress
At the election late this afternoon
Thos. Wilkinson of Burlington and L.
B. Bo'swell of Qulncy will doubtless
be re-elected president and secretary
respectively. The delegates will be
entertained on a river trip this even^
ing. v,
A Dubuque Man
as S a
For Half Century
John Baird Has White
Whiskers Down is
Bosom Because He Lost
a Bet in '52
Dubuque, Oct, 23.—John Baird, of
Dubuque, one of the best know resi
dent of the community, eighty-three
years old and one of the city's retired
business men. wears a beard, long,
streaming and white, over his expan-.
slve bosom, not having shaved in
fifty-seven years. The trailing bit of
facial appendage is the result of a po
litical bet.
In 1856, during the Fremont-Bn
chanan campaign, the county was
aroused over the political fight, Mr.
Baird was a warm advocate of Fre
mont. and so confident was he of his
candidate's untlmate success that In
the heat of a political argument he
made a promise to some friends that
he would not shave until Fromont
got the office. Buchanan was elected
Mr. Baird remained true to his
word. Fifty-seven summers and fifty
seven Winters, with their w^rm, bal
my breezes and their fierce blasts
have come and gone, but the man
with the patriarchal beard has kept
his word. And a mighty appendage
Roosevelt,MacM
up Train to Talk
to Virginia trowd
Roanoake, Va., Oct. 23. —Pres
ident Roosevelt reaohed floan
oake at 8 o'clock this morning.
A large crowd was waiting for
hi mat the station, but the
train did not stop. 8eelng the
disappointment of the people.
the President requested the
train to be backed up so he
could make a brief talk.
PRISONERS TO LEAVE
Two Young Men. Were Sentenced by
Judge 8m!th MoPherson Leave
Today for Ft. Leavenworth.
J. C. Talbot and Tom Wilson, the
young men who pleaded guilty to rob
bing the postofflce at White City, :i
minipg camfe, in September and* who
were given sentences of one and two
years respectively at the federal
prison at Ft. Leavenworth, Kas., by
Judge McPherson, will le&ve the city
this afternoon in charge of Deputy
United States Marshals W. E.
Bldwell of Des Moines and A. D. Dun
lap of Keokuk to enter upon their
sentences.
Both prisoners have had their hair
cut. Descriptions, measurements and*
pictures have been placed In the
rogues gallery of the government for
future reference. Neither Talbot nor
Wilson seem to realize the serious
ness of the crime committed.
COMET NEARING EARTH.
No Danger, However, That It Will
Strike This Planet, Declare
Astronomers.
Berkeley, Cal., Oct. 23-.—The univer
sity astronomers are interested In a
new comet discovered by an astrono
mer named Mellish of Wisconsin.
Professor Leuschner, head of the de
partment of astronomy of the Univer
sity of California, with a corps of as
sistants, has been figuring the orbit of
the new heavenly body. Announce
ment was made that the new comet
Is rapidly approaching the earth.
There iB no danger, howover, that It
will strike tbis planet, as its nearest
approach will be more than 35,000,000
miles.
REAR ADMIRAL WEDDED.
Thomas O. Selfrldge, Retired, Aged
72, Takes Maiden Lady, Aged 65,
For His Bride.
Boston, Oct. 23.—Rear Admiral T.
O. Selfrldge, retired, was married yes
terday to Miss Gertrude Wilds of
Jamestown. R. I. Mrs. Selfrldge is
wealthy, owning five valuable estates
at Jamestown and Newport. She is
65, while Selfrldge is 72.
DEMAND WIRE CHIEF'S RETURN.
Denver & RI9 Grancfe Telegraphers
Threaten to Strike at Grand
Junction.
Denver, Colo., Oct 23—Unless th-3
Denver & Rio Grande agree to rein
state R. H. 'Skeggs as wire chief at
Grand Junction today, 400 telegraph
ers employed on the railway will quit
work tonight. This ultimatum was is
sued today by the telegraphers' offi
cials.
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NUMBER 34
United States, Present Hold*
er of Cup, First to Drop—
Distance Traveledby En*
trants Falls Short of
Record
SEVERAL OF CRAFT
ARE STILL IN AIR
Of the Six Balloons Landed
the German Entry, Ponv
mern, is ad g—
Others May Beat
Its Record
The America landed at R&tnxeni.
Maryland, having traveled 700 miles
The Anjou landed at Mineral, Vjl,
having traveled 700 miles.
The Dusseldorf landed at DoveiV
De'aware,
having traveled 750 miles.
The St. Louis landed at Minster,
Maryland, having traveled 760 miles
The Pommern landed at Asburr
having traveled 908 miles.
The Aberoron, landed at Prlnoa
Wm.. Va., having traveled 670 mlles» -s
—o—
$
Baltimore, Md., Oct. 23.—Th«
balloon ^ttWerlca in charge oW
Pilot P. CMoy, landed at 8 o'clock?**,^—
thi|, morning at itafcuxent,- ,:..twok,w
and a half miles from AnnapoliH* 1
Junction.
Yesterday afternoon the Amer4„
ica was over northern Ohio, but a.
change of wind brought the bal-/yfef
loon into Maryland. It is estimat-, 3
ed the distance covered was sev-'llt,
en hundred miles. There wera ,7"*
no mishaps. \s
Richmond, Va., Oct. 23.—The V4''1
French balloon, Anjon, landed
near Mineral, Louisa county,
about 8 o'clock this morning. It
had covered about 700 raijes.
The pilot Rene Gashier and
Aid Charles Levee were in charge
The men were exhausted for laclc
of sleep and are now resting.
—0—
Baltimore, Oct. 23. —The Amer
ican balloon, St. Louis, with
Hamley and Post piloting it, land- *..
ed about a n\ile southwest of
Minster. Md., at 6:40 a. m.
Dover, DelT°~Oct 23. The
German balloon Dusseldorf landed
at Little Creek, three miles from
this city, this morning.
0—
day.
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Asbury Park, N. J., Oct 23.
The German balloon Pommern
from St. Louis, landed hero at 9
o'clock this morning. ,M
St Louis, Oct. 23. A mes- "M
sage from Paul Meckel state that
the German balloon Aberoron w,
landed at Prince William, Manas
sas county, Va., at 7:10 a. m. to-
—o—
Balloon Hits Earth.
St. Louis, Oct. 2S.—The beginning
of the end of the greatest balloon race
ever held in America, the second con
test for the international aeronautic
cup, was signalled last night by the
landing of the American balloon
"United States," at a point twelve
miles south of Hamilton, Ont., near
the shores of Lake Ontaria. The Unit
ed States is believed to have hafl the
lead in the race at the time of landing
and In its twenty-five hours of flight
from St. Louis had coyered a distance
of approximately 700 miles, measured
In an air line.
The United States is the present
holder of the cup' and the record for
the race, having established it In its
402 mile flight from Paris last year.
The pilot of the balloon is Maj. Henry
B. Hersey of the United States weath
er bureau at Washington, who acted
as aid to Lieutenant Lahm of the Unit
ed States army In its winning race jI
1906. Lieutenant Lahm was too ill co
partlclpate this year. Wm''-
The nearest rival to the United}
States Is believed to be the big chrome
yellow German cruising balloon, the
Pommern. which was last reported as
whirling across Lake Erie in a thirty
five mile gale. The Pommern passed
over Cleveland during the afternoon
and sent down a message, reporting
"all well." It is figured that the Pom
mern was but a little distance behind
the United States during the afternoon
and there Is a belief that she may ex
ceed the former's record. 0$
Experts Are Disappointed. V&fc
News of the landing of the United
States last night was Just a bit dis
appointing to the followers of the race ^Sp
here, who were confidently predicting if
that Major Hersey would break the
world's record of 1,200 miles. There
are several experts who still believe
that this record may go by the board.\p^.
They are also of the opinion that the
record for the duration, 41 hours and
minutes, may be exceeded. Both the
distance and the endurance records ar« v•'
held by Count Henry de la Vaulx of
France,...
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