Tonopah daily bonanza. [volume], October 25, 1907, Image 1

About Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929

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Tonopah Daily Bonan
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III NO.
TONOPAH NEVADA. FU1DAY MOHNLNG. OCTOUKU '.', 1907.
FKICE 10 CENTS
za
fi0Vo SPKRKS PKLRRES
HOLMY TO HSS1ST
LEfilL
Will Continue It Day After
Day Until Banks Are Able
to Resume-Prospects are
that Next Week Business
Will Be in Full Swing
Five hundred thousand dollars In United States gold twenty-
dollar pieces were safely lodged in ,he banking vaults of the John
S. Cook & Co.'s bank at Goldfield last night, or, to be more cor-
rect, at an early hour this morning.
The shipment comprised the double eagles that were sent from
Sacramento night before last to Wingfield and Nixon, to be dirid-
ed among their three banks in southern Nevadf the Tonopah
Banking Corporation, the John S. Cook house, and their branch
bank at Rhyolite.
The cool half million passed through like so much ordinary
freight, but there were strong armed men right with it all the
time, and there were more strong men to take carer of it at Gold-
field. It was thought best to carry the money on to Goldfield, and
distribute, as It is needed, from that point.
Yesterday's Trading
Shows Improved Tone
The principal feature of the day
was the closing of the banks, which
movement was general throughout
the State, by virtue of the proclama
tion of Governor Sparks declaring the
day a legal holiday. Today and to
morrow will be also legal holidays,
and if the banks cannot handle the
III
111)
GUILTY OF
PERJURY
MUTUAL I JFK VICE PRESIDENT
IS A CANDIDATE FOK
PRISON.
(By Associated Press).
NEW YORK, Oct. 24. The
jury In the case of Walter R.
Gillette, former vice-president
of the Mutual Life Insurance
Company, who was charged
with perjury, tonight returned
a verdict of guilty. The verdict
was accompanied by a recom-
TBy Associated Press.
SAN FRANCISCO, Oct. 24. President Ruggles of the San
Francisco stock exchange board received a telegram ' from the
Tonopah stock exchange announcing that it had closed for the
balance of the week. It was urged that the San Francisco board
close its doors for a similar period to aid Nevadans to stop the
"merciless slaughter" of mining stoc ks, ; following the banking
difficulties in that State. . '
Ruggles replied that the keeping open of the local exchange
would demonstrate to the East the confidence of the people of
this city in the stability of Nevada securities. He added that
the local market was Improving today and that the banks here
are sound and confident. There was a softening of prices in Ne-
vada shares this morning, under rather heavy selling, but In the
afternoon there was some buying, and trading showed Improved
tone. On the final curb business was still better and a good
feeling was manifested.
Japan Reported Not
Preparing for War
.
By Associated Press.
WASHINGTON, Oct. 24. It was learned here that President
Roosevelt has no idea of leaving Admiral Evans' fleet in the Pa
cific, but intends to order , its return within ninety days of its ar
rival -on the California coast. One Important conclusion to be
drawn from this is the now established fact that the fleet is to
return as soon as the great ships can be cleaned up, replenish
their supplies of coal and provisions and otherwise be made com
pletely ready for the 14,000-mile return cruise. The conclusion
is that the executive feels absolutely no apprehension respecting
the possibilities of war with Japan. It is learned ' from reliable
government agents, after an Investigation of these reports, that
Japan is not in the market for large purchases of war material,
but on the contrary appears to be diligently pursuing ways of
peace and struggling to recover from the effects of her recent
war. i
mendation for mercy. Dr. Gil-
lette was remanded until Mon-
day for sentence. Gillette, be-
fore the Grand Jury, swore that
certain funds in the bank were
his personal property. Later he
swore they were the property of
th Mutual Life.
situation by that time, the holidays
will be extended until they are ready
to resume business. Meantime, the
bankers are pretty busy, getting
everything in proper shape for the
re-opening. There was a rumor that
the opening day would be on Monday
next. Word was received from Gold
field to the effect that President Rick
ey of the State Bank and Trust Com
pany had wired to the Goldfield
branch" that the bank would open on
that day and be ready to pay all Its
depositors.
An alleged interview with Cashier
Cushman of the local institution was
published to the same effect, but Mr.
Cushman said that he had not made
any such statement.
"I have not received any advices
at all," said he, "since we received
instructions to close the doors. I did
say that it would be a great thing
for the State if all the banks could
open their doors on Monday. As i
said before, the State Bank and Trust
Company Is perfectly solvent and will
be able to pay its depositors in full
without forcing one of its clients to
the wall.
"With regard to the statement
purporting to be made by Frank Gol
den of the Nye and Ormsby bank,
that his bank was closed for the ex
press purpose of getting a settle
ment with the State Bank and Trust
Company, it is a deliberate mis
statement, or Mr. Golden was mis
quoted. I cannot believe that he
said it, for we never had any account
with the Nye and Ormsby, further
than clearances made each night. In
that respect, there may have been a
check his way or our way, but as to
owing the Nye and Ormsby any
money, it is ridiculous."
(Continued on Page 4.)
AOTHQUAKE
CAUSES DEATH
OF -'HUNDREDS
By Associated Press. ;
ROME, Oct. 24. Many towns and villages were destroyed ny
re earthquakes in the Province of Calalrla in southern itaiy.
6 o'clock this evening about 200 bodies were taken from earth
quake ruins. It Is now estimated that the deaths win surpass
500, but it is impossible to get accurate information on the sub
ject' as many villages are still cut off by floods and the destruc
tions of roads and telegraph lines.
The population of the cities is fleeing to the open country, food
less and homeless. Earthquakes followed the recent activity of
Mount Etna, between Messita and Catania, whose eruptions have
been continuous the past few weeks. The quake totally destroy
ed Brancaloue on the eastern coast of lower Italy, and several
were burned alive
!
W CI C Will li'V
mm
SAID
TO BE
1PELY PKSEP
Financiers Come to the Res
cue of Brokers With Over
$100,000,000 in Cash.
NEW YORK, Oct. 24. As u result of toiluy's develop-,
im-nts hi tile financial world there In every indication that the
crisis in the banking and trust company situation lias been safe
ly pusscd. The Trust Company of America, all through the day's
banking hours, paid out money to deimsitors us rapidly as pos
sible n nd closed today with all demands met. The company re
ceived over its counters in tin- morning hours, ordinary deposits
of more than a million.
The dramatic episode of the day wns the emptying of
money Into the stock exchange through n pool beaded by J. 1.
Moi-gun and other financiers, In order to avert the ruthless sell
ing out of stocks.
The effect of the money stringency was to run the rate for
money up to 100 per cent. When the figure quoted was reached
an extremely shnii) decline resulted In the stock market. Union
Pnciflc, a 10 per cent stock, sold down to par, ' .
At the time when the excitement was at its highest, the an
nouncement was made that a pool had been formed with 3. V.
Morgan at Its liead to rome to the rescue of the brokers, for it
was necessary to provide funds at once In oilier that they
might carry stinks they were holding for their customers. The
effect of 'relief measures was instantaneous and the rate for
call money dropped from 100 per cent to 10 per cent.
When the stock exchange closed every one whs getting all
the money he wanted. The aggregate amount of money which
had been contributed to weather the storm nud restore confi
dence assumed really colossal proportions. In all it was con
siderably in excess of one hundred millions.
French Opinion of
American Securities
By Associated Press.
PARIS, Oct. 24. The' "housecleaning in Wail street" is hav-
ing a sentimental rather than a practical effect here. The papers
are devoting much space to the Wall street crash and slaugh-.
ter of American millionaires, and operators on the Bourse are
closely watching the situation. They consider American financial
conditions sound at the base, and regard the New York crisis as .
being the inevitable culmination of an era of intense commercial
activity and over-speculation. Some French bankers think Presi-
dent Roosevelt has gone too far and that the whole fabric of
American credit has been endangered, but the majority view
"even the money limitation of questionable elements and meth-
ods" as being ultimately to the advantage of the United States.
HOP
Started on San
Francisco Street Car
WATER THROUGH
THE NEW CANAL
(Associated Press.)
STERLING. 111.. Oct. 24. This af
ternoon Hon. J. T. Henderson touch
ed the gate, which thereupon raised,
permitting water to flow through the
Illinois-Mississippi canal. This act
marked the completion of the work
on a $7,500,000 government under
taking, which was started by Hender
son twenty-five years ago.
FRENCH HOLDERS
ARE NOT SELLING
(Associated Press.)
SAN FRANCISCO, Oct. 24. Al
though French holders are somewhat
nervous, they are not selling Ameri
can securities.
HELEN GOULD
FORT LEAVENWORTH, Oct. 24.
Miss Helen Gould was accorded the
honors of a general officer of the
American army by officers and en
listed men of Fort Leavenworth In a
review of troops today. She showed
plainly she felt the high compliment
conveyed.
BY LUSITANIA
QUEBNSTOWN, Oct. 24. The
I.usitania arrived here at 9:30 this
evening, breaking her eastward rec
ord of five days four hours and nine
teen minutes. Her passage this time
was four days twenty-two hours and
forty-six minutes.
(Associated Press.)
SAN FRANCISCO, Oct. 24. The
United Railroads employes and the
police clashed this evening, with the
result that a conductor was shot, an
officer beaten and three arrests made
for inciting riot and other offences.
The trouble started shortly after a
car of - the Folsom street line started
from the ferry.. Conducfor Oliver N.
Percy quarreled with a passenger
over the payment of a fare and when
the conductor was menaced by the
friends of the passenger, he fired a
shot. Much confusion ensued and in
the rush to leave the cars Mrs. Mar
lon McMullen was hurfed to the
street and badly bruised. The trouble
continued and at Third and Folsom
streets four shots were fired. Po
liceman Holllnger boarded the car
in an effort to quell the disturbance
and tried to arrest Percy. The con
ductor seized the officer's club and
beat him over the head. Motorman
William Carleton also took the club
and administered the same treatment
to Holllnger. The officer drew his
revolver and fired, the bullet enter
ing Percy's side. There were four
teen employes of the United Rail
roads on the car, including the crew
and thoy attempted to escape, taking
Percy and Carleton with them.
Policeman Tyrrell impressed an
automobile into service and went in
pursuit. After a chase of three blocks
he overtook the fast speeding car,
and with the assistance of other offi
cers he secured Percy, Carleton and
Peter Rogogos, another United Rail
roads man. After the bullet was re
moved from Percy at the Emergency
hospital, he was charged with incit
ing a riot. Carleton is held for bat
tery, and Rogogos for inciting riot
and carrying concealed weapons. Of
ficer Holllnger says when he boarded
the car, Percy shouted an order to
the other men to kill him.
COMPLAINT OX UNPAID BILI
RENO, Oct. 24. A complaint has
been filed in the County Clerk's of
fice by the John Breuner Company
against Mabel Sullivan and L. M.
Sullivan asking for judgment on a
bill claimed to be due and owing for
furniture furnished the Sullivans at
their home at the Gibson ranch south
of. town. An attachment was also
Issued against the property for a sum
approximating $900.
BASEBALL SCOKKS.
(Associated Press.)
SAN FRANCISCO, Oct. 24. The
following are the scores for today's
games: Portland S, Oakland 2'; Los
Angeles 6, San Francisco 5.