Tonopah daily bonanza. [volume], November 01, 1907, Image 1

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

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onopah Daily Bonanza
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VOL. Ill XO.T
TONOPAU NEVADA, FRIDAY MORNING, XOVKMBKR I. 1907.
nilCE 10 CENTS
(GREKT
3
MKMfKTTH
0
People Go Wild Over the
the First Shipment of Ore
to the Local Mill-Stamps
Will Be Dropping Today.
-
(Special to the Bonanza.)
' MANHATTAN, Oct. 31. This camp Is surely beside itself to
night. The entire population has formed a great procession, and
at this time of writing Is marching down Main street, with a,
band of music at its head. . On the top of Mustang Hill the whistle
of the mill or the Manhattan Ore Reduction and Refining Com
pany, Is screeching an accompaniment to the shouts and cheers of
the populace.
The occasion of the tumult is the first shipment of ore to a local
mill. The procession is headed by Jack Humphrey, the discoverer
of Manhattan, the oldest and yet the youngest of pioneers, pre
ceded by the band. In the line are men and women, kids, burros
and dogs, and in the waks of it all are three eight-ton ore wagons
laden with ore from the Manhattan Consolidated mine.
This ore will be run through the mill of the Manhattan Ore Re
duction and Refining Company on Saturday morning, at which
time will commence the dropping of the stamps.
Can you beat that?
Hurrah for Manhattan!
Hurrah for the mills!
Manhattan for the money! x ,
bank
HOLIDAY FINANCIERS GUESTS
OF JOHN uim
W CALIPOKNW
Financial Institutions Receive
Deposits But Allow Very
Few Withdrawals - Busi
ness at;; a Standstill.
- By Associated Press.
SAN FRANCISCO, Oct. 3i. Governor Gillette sent out a proc-
lamatlon this morning declaring the day a legal holiday and giv-
ing all banks in the State the, privilege of closing their doors.
None of the local banks took advantage of the opportunity,
A hilt liliRfnPKa vn nrnpHnnllv nt a atanAatlll r.n onm.mt-' ttmt. A
availing themselves of the privilege of accepting or vejecting any
business they chose. The transactions during the day were of
the "side door" order and all larger checks were certified instead
of cashed. 4
Speculation in stocks was practically at a standstill owing to
the difficulty of transacting bank business, and sales on the stock
exchange reached the lowest ebb since the beginning of the pres-
ent depression. " .
. The governor's proclamation was received with surprise, as no
such action was expected, and by a large number of business
- men and Investors was considered unnecessary.
Reports from other cities in the State are that almost without
exception the banks are remaining open in spite of the gover-
- nor's proclamation. Los Angeles and Sacramento banks are re-
mainlng open apparently without difficulty and there hag been no
excitement or Indications of a run In either town.
The governor has proclaimed another holiday tomorrow.
TKn Qtato Dontr Pnmnl.nl..... lUI. t A
iivj kjiutt, unun. vviumwoiuuci a IUI9 11111 mug UCgHU ttll t Ail 111 1 H-
atlon of the affairs of the Californit Safe Deposit and Trust Com-
pany, which closed its doors yesterday for the announced reason
that it was unable to obtain money for immediate use, not being
a member of the clearing house. '
All banks, commercial, savings and trust, opened their doors
this morning, doing business as usual. Advices from all the prin-
clpal points in California report the banks open and doing a nor-
roal business. .
' Officials of the American National bank said all clearing .
house banks were going ahead with their business in the usual
way, with one principal distinction: They are cashing no checks
drawn on out of town banks. .
; President King said : "There was no meeting of the Clearing
' House Association today. . There Vag no necessity, as everything
I is running smooth) v.;.)va . , '
'Kiilh ;: .
NAVY YARD STRIKERS WIN.
. VALLEJO, Oct. 31. The riveters
employed upon the transport Sheri
dan at Mare Island, who quit their
places because of the tactics of Con
structor Hold-en A. Evans, have been
asked to return to work. The order
preventing the men working in any
government yard for a year also has
been removed.
LIDA MAN DYING.
(Special to the Bonanza.)
GOLDFIELD, Oct. 31. Dave
Wright, one of the victims of the
recent shooting at Lida, Is dying at
the Miners' Union hospital. He Is
not expected to live until night. Seri
ous complications have set In which
have made his recovery practically
hopeless.
BROKER SUES FOR '
LARGE AMOUNT
(Associated Press.) .
SAN FRANCISCO, Oct. 31. Con
spiracy and fraud are charged In a
complaint claiming $61,000 damages
filed yesterday by A. L. Hudgens, a
stock broker, against F. O. Chamber
lin and William Hinkel. In Septem
ber Hudgens pledged with Hinkel
15,000 shares of FIorence-Goldfleld
as security for three promisory notes
for $12,2'00, $10,000 and $10,000.
On October 12th Hinkel and Cham
berlin threw the shares on the mar
ket "for the purpose of cheating and
defrauding plaintiff out of the mar'
ket value of the stock," Hudgens aU
leges. They wished to create a panic
in order to sell the Btock at greatly
reduced prices, he claims, and they
did actually depreciate the market
value of the stock from $3 to $2.
They sold 11,900 shares for $24.-
560 being $11,140 less than mar
ket value. Hudgens says that by
their action he was compelled to re
alize on other shares nledeed with
other people, and was damaged there
by to the extent of $50,000. making
his loss $61,140 la all. . i
SUCCESSOR TO
LATE NATE ROFF
RENO, Oct. 31. Lou Henderson
of Elko has been appointed State Au
dltor to succeed the late Nate Roff.
The appointment was made last Mon
day at 9 o'clock, about nine hours
after the death of Mr. Roff. Gover
nor Sparks telegraphed the fact to
Mr. Henderson at Elko and the latter
will probably enter upon his duties at
once.
The ' announcement created con-
slderable comment in Reno yester
day morning. It was generally be
lieved that no action tending to fill
the vacancy would be taken until
after the funeral of the man who in
life had filled it with so much credit.
Henderson is well known In Ne
vada. In 1895 he was appointed
warden of the Nevada State prison,
serving eight years, when he was
succeeded by John L. Considine. He
is vice-president of the Henderson
Banking Company of Elko and has
extensive land and sheep Interests In
me eastern portion of Nevada. He
is 44 years of age and has much ex.
perience in the work which from now
on will require considerable of his
attention.
roposttion
To State Bank
DEPOSITORS
Directors to Offer Four Equal
Payments to Extend Over
a Year's Time-If Accepted
Banks Will Open Monday.
'
CARSON. Oct. 31. A rift has appeared in the cloud that has
been hanging over the affairs of the State Bank and TruBt Com
pany and the probability now is that the institution's banks
throughout Nevada will be open for business within the next few
days. A meeting of the directors of the company was held here
today.
As a result a call has been issued for a mass meeting of the
depositors in the Carson bank. It will be held tomorrow evening.
At that time the directors will make a proposition to the deposi
tors to pay them 100 cents on th dollar- for their holdings, pro
vided the payments extend over a period of one year, one pay
ment to be made at the end of every three months.
In this way the directors state the bafcH will be able to realize
on its assets at somewhat near their value. President Rickey
seemed mote hoperul today than at any time since his banks
were closed. He urges that the Institution has ample capital to
meet every obligation, but must have time to realize upon its se
curities. Col. Rickey stated further that In the event that the deposi
tors agree to the proposition to be made tomorrow evening, he will
contribute heavily from his private fortune to open the banks. It
is stated that he is prepared to give $400,000 from his own re
sources to carry out his plan.
It Is stated here tonight that in the event of an agreement every
bank of the State Trust Company will be open and ready for
BUTTE'S RFSflRT
HHY IS TOTAL LOSS
mil
Arrive in Special Car and Will
Leave for the Wonderful
Ubehebe Copper Country
mis Morning.
Nineteen men of ample fortune.
some of them niulti-miitionaires, ar
rived here last night from the East
and the South, en route to Ubehebe,
to inspect the copper mines of John
Salsberry. The party left Baltimore
at noon on last Saturday, on the nriv
ate car Idlewild, and their sumptu
ous apartments and the aid of the
men and the tone of their conversa
tion reek little of depression or hard
times across the continent.
There is not one of the party who
Is not an optimist, who is not most
cheerful on the outlook of the coun
try. Every one of them looks for
ward to his trip to Ubehebe with the
greatest of pleasure, and with no
little Interest. They have all heard
of that wonderful country, with Its
wonderful deposits, and are eager
to see fo rthemselves the riches
teeming out of the ground. One or
two of the party have been there be
fore; went there to wonder, and lin
gered to invest. They slmnly could
not miss an opportunity of viewing
again the fascinat'ng country, they
said.
The Idlewild came in attached to
the regular train, and was detached
upon arrlvel. It will form part of
the train which leaves for the south
this morning. The party will go as
far as Bonnie Claire, where thev will
be met by automobiles and whirled
across the desert, through the shades
of Death Valley, around the slones
of the Funeral range and down Into
the Ubehebe. .
Mr. Salsberry met the oarty at the
train last night with automobiles,
and brought them up into the city.
Some of them never had been in a
mining camp before, and they were
curious to see what the glare of the
electric lights would reveal. They
were carried around the town in the
machines and set down at several
places. They witnessed the shuffling
'at faro bank, they saw the sdn of
the dice at craps, and llBtpned to the
click of the roulette hall nil r,r
THE GUESTS.
H. G. Merry, Baltimore.
Edwin Thomas, Catasaqua, Pa.
Frank H. Peard, Baltimore.
A. L. McCormick, Baltimore.
E. G. Hlrons,. Covington, Va.
R. H. McBride, Toronto, Can.'
Gerald Hill, Covington, Va.
T. A. Ashley, M. D., Baltimore.
W. B. Allen, Norfolk, Va.
Harry J. Off, Philadelphia.
Henry C. Off. Philadelphia.
C. B. Nettleton, Covington, Va.
Nathaniel Hibbert, Basic City,
Virginia.
James T. Robertson, Cumber
land, Md.
W. D. Young, Baltimore.
Carl Harrington, Baltimore.
Joseph H. Hitchens, Frostburg,
Md.
C J. Rainear, Philadelphia.
W. E. Hitchens, Frostburg,
Md.
BUTTE, Mont., Oct. 31. The lm
mense pavilion at Columbia Gardens,
Butte's chief pleasure grounds, about
three miles from the city, turned to
the ground at an early hour this
morning. The building contained a
large dancing floor, cafe and several
valuable collections, one of which
represented the evolution of fire
arms from earliest history and upon
the value of which Its owner can
place no estimate, as the collection
can never be replaced.
Another extensive collection was
that of minerals and smeltine nrod-
ucts from the different properties of
ex-Senator W. A. Clark. Columbia
Gardens are owned by Mr. Clark and
are maintained at his expense for use
of the public. The total loss of the
building and contents Is estimated at
between $35,000 and $50,000. with
insurance of $15,000.
The fire is supposed to have been
of Incendiary origin.
which was new to most of the staid
men of the South, and was not with.
out its interest.
There was a twinkle In the
one or two of those staid eennmn
as they viewed the sights. They had
been in mining camns befnrn him
had been among the hardiest of the
gallant pathfinders of the frontw I
who had fought their way clear
through, and wrested fortune from
mother earth. They had been
before, and seen the little ball spin.
and had seen the ace coppered, and
four jacks beaten with four nine
and a gun. No wonder they smiled
as they thought back, and were re
minded that human nature suffers
no change through the flight of time.
nut to other members of the nnrtv
the old tricks were brand new nni
they enjoyed the excitement an vr-
Salsberry was close by to prevent the
FIFTEEN MILLIONS
ARE TO BE COINED
SAN FRANCISCO, Oct. 31. Pur
suant to directions from Washington,
the coinage of $15,000,000 of gold
bullion will be undertaken Immedi
ately at the mint in this city. No
gold has been coined here since Aug
ust, the active force being engaged
In the coining of Filipino pesos. The
mint force was considerably enlarged
at the time the coinage of Philippine
silver was undertaken, and It is now
thought this force will be adeauate to
handle the rush order for gold twen
ties.
(Continued on Page Four.)
ENGLISH MONEY
RATE ADVANCES
LONDON, Oct. 31 The rate of
discount for Bank of England paper
was raised today from 4 to 5 V Der
cent. Since last Thursdav tha TTntta,
States has secured about 3,250,000
in gold from the Bank of Eneland.
and in the open market the bank's
reserve has been reduced slightly be
low 21,500,000. This, however, is
2,500.000 higher than at this time
last year, when the rate was 6 per
cent.
NOME CITY HAS -BIG
CONFLAGRATION
(Associated Press.)
TACOMA, Oct. 31. Nome had
another serious fire Friday, one in
volving a property loss of about
$300,000, according to a cable-telegraph
message received by Jafet Lin
derberg of the Pioneer Mining Com
pany. The Second avenue offlp
building of the latter cornoratlon.
the- best structure of the kind In th
town, was completely destroyed at ?
a losfeof $"50,000, including $4000 '
in currency - . -
The office of ' the Nomd Water
Company,, the Snake River Grocery
Company, the telephone company's
building, and the residences of Thos.
Dyer and Joseph Brown, the Little
Creek mining magnate, were destroy
ed in whole or part. Dyer's resi
dence was the finest in Nome. 'The
fire fumed four hours. No particu
lars, are given In the messages as to
its origin.
BANKS ARE OPEN
IN PORTLAND
PORTLAND, Oct. 31. All banks
excepting the Title Guarantee and
Trust Company are doing business
today without evidence of excitement.
Governor Gooding of Idaho stated to
day that the" financial conditions of
that State are entirely sound. The
State was never more prosperous, he
said. '
At 2 o'clock this mornlne the as
sociated banks of Belllngham, Wash.,
decided to adopt the clearing house
certificate plan. Withdrawals are
limited to $100. The actloa was
made necessary by the refusal of in
terior depositories to buddIv local
banks with currency.
FIREMEN OVERCOME.
CHICAGO, Oct. 31. Seven fire
men were overcome by smoke and a
loss of $500,000 was caused by fire
in a five-story building at State and
QiHifcy8tYeetS. occupied by the Hold
en Shoe cVmpanv, early todar.
'Ait kh.u ;
DRANK WOOD ALCOHOL.
TUCSON, Ariz., Oct. 31. The bod
ies of four unknown men were found
by a railroad track-walker today at
Maricopa. Investigation shows that
death had resulted from drinking
wood alcohol stolen from a box car.
They are believed to have been min
ers at Globe.