Tonopah daily bonanza. [volume], October 30, 1907, Image 1

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

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onopah Daily Bonanza
WEATHER
Mm In antwf
Kulr !o'Jv.
VOL. Ill NO. 0
TONOPAU NEVADA. WEDNESDAY MORNING. OCTOBER 30. 1907.
PRICE 10 CENTS
mm
PACIFIC
DENIAL
NO CURTAILMENT OF BUSINESS
LOOKED FOR, BUT MAY BE
' INCREASED.
(By Associated Press).
NEW YORK, Oct. 29. At
the offices of the Union Pacific
Railroad Company in this city
there was a prompt denial of
the accuracy of the telegram
from Omaha, announcing that
all construction work on that
system had been abandoned. It
was said that the discharge of
employes, always took place on
November 1, after the construe-
tion work of the summer was
ended, because construction
work In winter was much more
expensive and that this year, the
number of men discharged was
greater only because the con-
struction work done during the
summer had been greater. No
curtailment of business Is look-
ed for, but rather increased.
STATE AUDITOR
ROFNS DEAD
(By Associated Press).
RENO. Oct. 29. State Audi-
tor Nate Roff passed away here
Sunday night, as the result of
injuries sustained by being
thrown from a buggy a week
previous. Mr. Roff improved
rapidly for a time after the ac
cldent, though suffering from a
fracture of both leg, and it was
not thought that there, would
be a fatal ending.
However, early Sunday even-
ing the State official complained
of severe pains in his intestines,
and though the best of medical
attendance was rendered the pa-
tient sank rapidly, passing away
shortly before midnight.
Mr. Roff was one of the best
known men In Nevada and in
public affairs none took a more
prominent or unselfish part
than he did.' Early this year,
Governor Sparks appointed him
State auditor for Nevada, a po-
sitlon which he filled with abil-
ity and credit.
DISCUSS
FINANCIAL
QUESTION
PRESIDENT AND CABINET IN
CONFERENCE FOR TWO
HOURS.
THOUSANDS ARE IDLE.
OMAHA, Oct. 29. The Union Pa
cta railroad today discharged between
4000 and 8000 workmen from the
construction department. Every piece
of construction work on the entire
system has been abandoned.
By Associated Press.
WASHINGTON, Oct. 29. Presi
dent Roosevelt was in conference
with all the members of the cabinet,
except Secretary Taft, for more than
two hours today. The financial situ
ation was under consideration. Sec
retary Cortelyou, although adverse to
making any public statement on the
subject, views the situation with
greater equanimity than at any time
during the last ten days. From the
first the has not hesitated to make
immediate use of the great resources
of the treasury to check the appre
hension manifested last week. Dur
ing the last few days he has deposit
ed in the national banks a sum ap
proximately $50,000,000, and since
early In September, when the Sec
retary began his weekly distribution,
nearly $70,000,000 have been de
posited, which brinks the amount of
public funds now In the national
banks upto over $215,000,000
1
TO STAND
PUS
w
nmmm
New York Bankers Pool Was
Not Organized for the Pur
pose of Bolstering Up Spec-
, ulation.
, By Associated Press. .
NEW YORK, Oct.. 29. The banks asserted their Influence de-
terminedly. and, in the estimation of the holders of securities on
margin, ruthlessly today for retrenchment of borrowing on the ,
stocky. The announcement of the dissolution of the bankers' pool
yesterday, which had provided funds last week to save the market
from demoralization, was accompanied by broad Intimations that
the pool had 'not been' intended to bolster up speculation or to
attempt anything like a revival of strength In stocks by the use
of borrowed money.. This advice has been conveyed to stock
brokers in terms not to be misunderstood; that the banks would
frown upon any marginal operations in stocks. The brokers as
a rule have refused to accept orders for such transactions. The
market is thus reduced td exceedingly narrow dimensions, opera-
tlons being restricted practically to buying of securities outright
for cash. Bonds were weak. Total sales had a par value of $3,-
425.000. United States bonds we're unchanged on call.
.
,
'
'
Attell Knocks Out
Weeks in the Fourth
i By Associated Press.
LOS ANGELES, Oct. 29. Abe Attell, the undefeated feather
weight champion, added another victory to his list tonight when
he knocked out Freddie Weeks of Cripple Creek In the fourth
round of what was to have been a twenty-round bout. Weeks
' was no match whatever for Attell and the champion had him at
his mercy all the way through.
In the first round, before the flghthad progressed as much as a
minute, Attell sent a swift right cross to Weeks' Jaw and the
Cripple Creek boy staggered back dazed and tottering. It was
i evident to every spectator that Attell could have knocked him out
V-then without effort', but he refrained rrom doing so,
k Wi
The succeed-
g two rounds were tame and uninteresting. Attell simply toyed
ith his man, hitting him apparently wherever ana wnenever F.e
felt like It. Weeks had a good vigorous puncn in ioin nanas. uut
he could not hit Attell. In the fourth Yonnd Attell suddenly
walked in and sent a stiff right punch straight from the shoulder
to the point of the Jaw. Weeks staggered and fell to t'je mat
and the fight evidently was over. He rose to his feet slowly as
the referee counted and Attell knocked him down aTaln with
another vicious rap. Weeks rose slowly and Attell krocked him
down twice more. As Weeks lay on the mat vainly Endeavoring
to rise again, his seconds mrew uie bjuuB i" "&
LU 1 ISC ti (-,... , -
AMERICA'S DEMAND
CAUSES INCREASE
(Associated Press.)
BERLIN, Oct. 29. The discount
rates of the Imperial bank were rais
ed today from 5Vi to 6 per cent.
The change is due directly to . New
York's demand for gold, which, It Is
feared here, will lead to gold exports
from Germany.
LONDON, Oct. 29. The rise in the
discount rate by the Imperial bank of
Germany had a depressing effect on
the markets here today. Operator
expect that the discount rate . now
given by the Bank of England will be
increased shortly.
, The sum of 601,000 pounds in bar
gold today was sold. Nine hundred
and ninety-six thousand pounds of
American eagles were taken from the
Bank of England today as part of
the gold Intended for shipment to
America. The gold, which was in
sured at Lloyd's, will go out tonight
on the steamer Kron Prlne Wilhelm
PARIS, Oct. 29. Careful Inquiry
that has been made in banking circles
here Indicates that there is no imme
diate prospect of the export to New
York from Paris of gold. The rate
of exchange is unfavorable, and, be
Bides, the Bank of France would be
Inclined to resist any such movement.
HAT
mm
RENO
CLOSED)
NEWS EDITOR OF
EXAMINER DEAD
(Associated Press.)
I BAn r nAnvisvUi vjei. !. jonn
Barrett, news editor of the Examiner
died of apoplexy at 2:30 this after
noon. He was walking on Van Ness
avenue when stricken.
A friend, to whom he was talking,
noticed that he ' seemed about to
faint and summoned an automobile.
Before It arrived, Barrett said: ,"I
guess it's all off,", and fell to' the
sidewalk, dead. .
- He was about 34 years old and
leaves a wife and a daughter 4 years
old. .
EXCHANGE REMAINS CLOSED.
PITTSBURG, Oct. 29. By a hnan
Imou8 vote of the board of directors
the stock exchange remained closed
this mqrnlng. ' ,
DEFENSE
HAS BIG
SURPRISE
FORI) WITNESS WILL SAY THAT
THE $200,000 PAH) FOR
COUPONS.
, .. '
SAN FRANCISCO, Oct. 29. It Is
likely that the arguments of coun
sel in the Tlrey L. Ford bribery case
will be begun tomorrow arternoon,
or possibly in the forenoon. Assist
ant Dlstrlot Attorney Heney announc
ed today that he expects to close the
case for the prosecution by 11 o'clock
in the morning. This means that
Abe Ruef will not be called as a wit
ness. In which .event it may be fore
casted with practical certainty that
the defense will not offer any evi
dence.
. The prosecution today placed on
the stand a new -and important wit
ness in the person of Robert H.
Peters, an assistant to William J.
Surrfs., He testified , to having shad
owed Ruef to Ford's" office ih the
United Railroads car barns on the
23d of August, 1906, the day on
which Ford withdrew from the
branch mint the last $100,000 of the
$200,000 fund alleged to Jiave been
used to buy the passage of the trol
ley franchise. '
Adam M. Dahler, assistant cash'
ler of the railway corporation, gave
the defense an opportunity to explode
its surprise shell, but though the
fuse was lighted the bomb did not
go off, . being stayed until morning
by a ruling of Judge Lawler's. The
promise is that tomorrow morning
the defense in the cross-examination
of Dahler will seek to prove by him
that the $200,000 withdrawn from
the mint was subsequently sent " to
Brown Bros. & Co. at New York in
payment of matured bond coupons,
instead of being expended in a bribe
here. . , , .
ATTEMPT MADE
III WRECK TRAIN
(Associated Press.)
BAKERSFIELD, Oct. 29. A das
tardly attempt to wreck the Califor
nia Limited Santa Fe fast train be
tween San Francisco and Chicago,
was brought to light today. Last
night while traveling down the Te-
hachapl mountain but a short time
before the fast limited, the engine
crew, on a work train discovered an
obstruction on the track a'nd oh In
vestigation it proved to be a railroad
tie securely, held in its place over
the rails by big heavy spikes,1' such
as are used in railroad construction.
Shortly after the tie. had been .re
moved and the work train gained a
siding, the limited came thundering
over the track and passed in safety
the spot where certain death would
have awaited the unconscious crew
and passengers had not the timely
discovery been made.
SALT LAKE BANKS SOLID.
SALT LAKE CITY, Oct. 29. The
financial conditions in Salt Lake are
perfectly- normal today. All banks
are In a solid condition. The Salt
Lake Clearing House Association this
afternoon decided to issue clearing
house certificates.
DENY RUMORS.
PHILADELPHIA, Oct. 29. Rum
ors that the Pennsylvania railroad,
would lay off between 20,000 and
30,000 men today are denied by high
officials pf the railroad. .
Peculiar Story of How One
Harnes of Tonopah Cashed
Check for $50,000, After
Which Attorneys for Gol
den Advised Closing.
(Special to the Bonanza.)
RENO, Oct. 29. The Nye and Ormsby county bank closed Its
doors this morning upon the advice of its attorneys, which was
to the effect that a company operating under one charter is prac
tically one institution and that by remaining open in Reno It was
making its depositors here preferred creditors to the disadvan
tage of depositors in Its branches located in other places In the
State, but now closed. President Golden was confronted with the
alternative of opening all his banks or closing the one here. He
chose the latter course. ' ' v ,
There was no run on the Reno bank. The closing was brought
about in a way through a Mr. Harnes from Tonopah, who arriv
ed here Monday with a check for fifty thousand dollars, the
amount of his deposit In the Nye and Ormsby bank at Tonopah.
He asked to have the check cashed. The Reno bank urged that
it was not authorized to pay checks on its branches. This brought
the matter to the attorneys, who decided as stated. Harnes,
however, received his. money. It is announced here today that
the Nye and Ormsby has nearly twice the amount of capital ready
to meet its depositors' demands. . The figures given out are that
the bank Is able to pay $1.92 on each dollar, deposited, without
counting , the deposits of its officers and stockholders, while it
could also pay their money at the rata of $1.32 on the dollar if
called upon tomorrow. The officials say they are simply taking
advantage of the Governor's proclamation to protect their deposi
tors until the re-opening of the State Bank and Trust Company,
which will be within the next ten days, from what can be learned
in Reno. Everybody here is confident, and business has never
been better. Brokers report increased business as the result of
the rise In Goldfield Consolidated.
No one by the name of Harnes could be located in Tonopah,,
and there is no one by that name in this city who is $ depositor
in the Nye and Ormsby Hank. Cashier Raycraft stated that there
must be some mistake in the matter, as far as this town is con
cerned, for he does not recall such a name on the books of the
bank. There is no name similar to It either on the books, Mr.
Raycraft said, opposite which Is such a healthy deposit as $50,
ooo. . ' 7; ' ,
San Francisco Savings
Banks on Notice Basis
(By Associated Press. -
SAN. FRANCISCO, Oct. 29. Acting on the advice of the Clear-
ing House Association, the savings banks of San Francisco today
decided to place their depositors on "notice basis." They will
not pay out funds unless notice has been given, ranging from
ten to ninety days, according to- the sums to be withdrawn.
Notice of ten days will be required on sums from $100 to $1000
: and more time if the amounts be greater. It was stated that this
step was taken not because of immediate necessity,- but to provide
precautionary measures and to act in accordance with the clear-
Ing house representatives. Every savings bank of this city was
; reported to be in excellent condition. For months preparations
have been going on to meet any eventuality, yet it has been im-
possible to withdraw every dollar deposited from investment. '
Honey Coming From
Europe For Products
; ' - - ;-.
, ' By Associated Press.
, . NEW YORK, OcUi 29. Theenormous influence which Ameri-
can products are exerting in bu tiding up a credit balance abroad
has been the most signal development of the financial situation to-
day. Reports from all quarters show that the great American
staples, wheat, cotton, copper, tobacco, oil and meat are on their
way to Europe,1 this being the, season of the year when American
products are marketed abroad. The immediate effect of these
shipments is to give the United States credit abroad. Which can be
speedily converted into cash. These natural resources of th '
country promise to exert even. a greater influence than the sale
of American securities abroad. :'" , . - '