Tonopah daily bonanza. [volume], November 03, 1907, Image 1

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

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onopah Daily Bonanza
WEATHER
M t .
VOL. Ill NO. In
TONOPAU NEVADA. SUNDAY MOKNINO. NOVKMIIKK .1. 1907.
PRICE 10 CENTS
EXTRK
ON
K3
r
SESS
0
CONGRESS
fabulous Strike in
Seven Troughs Mine
(Special to the Bonanza.)
LOVELOCK. Nov. 2. The Seven Troughs district has been
proven up for fair. They have there not only the values, but the
depth. The Seven Troughs Mining Company's Fairview group
hub iiiriieu out 10 oe a wonaer. samples nave ueen urougm in nere
which speak for themselves and for the mine. They were taken
from the 400 level, where a pay streak of twelve Inches aver-
ages $2500. A sample of the ledge for four feet assays $600. i
They have the same vein on the 50, the 100, 150, 200, 250, 300,
350, and now on the 400.
The samples ' brought In from the mine were taken by a dis-
interested party of Denver. A man of Cripple Creek, who has ex-
amined the rock on the Fairview claim, and who is also familiar
with the Mohawk of Goldfield, says that the Fairview of the
Seven Troughs is a better property.
, On the 250-foot level of the Kindergarten they have just cross-
, cut the vein, which shows a width of three feet, and which aver-
ages $300 a ton. The Mazuma Hills is also in rich ore on' the
200 level. The Stoker lease on the Seven Troughs is down to
a depth of 125 feet, and has fourteen inches of ore that goes $600
a ton; and two feet and a half which will average $200 a ton.
The owners in Seven Troughs are preparing a shipment, which
promises to eclipse those of the famous Mohawk.
The strike on the Wild Cat claim near Farrell bids fair to be
a world beater, and the owners have refused $250,000 for the two
claims.
COLONISTS BY
lilt THUUSANUS
LOS ANGELES, Nov. 2. Advices
received by local railroad officials to
day indicate that the traffic for yes
terday, the last of the season during
which special rates are granted to
colonists, will probably break all rec
ords for any given twenty-four hours.
uver iweniy special trains scarien
yesterday from various Eastern cities
and will arrive In Los Angeles over
the Southern Pacific, Santa Fe and
Salt Lake roads within a week.
It is stated that fully 10,000 col
onists are tonight on their way to
California aboard special and regular
trains. The travel of this description
of the season will break all records.
MOB LYNCHES
TWO NEGROES
, (Associated Press.)
MOBILE, Ala., Nov. 2. Abe Sum
roll and Hank Lucas, negroes, were
lynched today at Vinegan Bend, Ala.,
near here. Sumroll killed a young
Cuban who was trying to arrest him
for burglary last Monday. Lucas
crime was . protecting Sumroll from
the officers of the law.
THIRTY MILLIONS
OF GOLD
(Associated Press.)
NEW YORK, Nov. 2. The addi
tional engagements made forthe im
portation of gold brings the total
amount up to $30,000,000. The
banks and trust companies distribut
ed $75,000,000 yesterday, represent
ing stock dividends and interest on
bouds. This is the largest distribu
tion of its kind In the month of No
vember in the history of the street.
Higher prices for some American
securities in London had a strength
ening effect here. The first prices on
the stock market were mostly from
one-eighth to one-half above yester
day's figures..
'PITTSBURG IMPORTS GOLD.
PITTSBURG. Nov. 2. The First
National bank here has made ar
rangements for the importation of
$500,000 In gold bullion in American
eagles from London. This is the first
engagement for import made by a
Pittsburg Institution.
SERIOUS WRECK.
CHICO, Cal., Nov. 2. In a head
on collision this morning on the
Northern electric railroad at Live
Oak station, six persons were Injur
ed, two severely, when a car ran into
a south bound freight on a curve.
CLEARINGHOUSE
FORMED IN RENO
(Associated Press.) '
RENO, Nov. 2: A clearing house
has been established in Reno and be
ginning at 9 o'clock this morning its
certificates will circulate as money
for the payment of all obligations
The organization of this institution.
which follows a precedent long es
tablished in the history of banking
was perfected yesterday after a con
ference between the representatives
of four of the banks of this city
which are open for business and fac
ing the problem of keeping the vol
time of hard money at present secur
ed for the protection of depositors
intact.
BANK TELLER
ATTEMPTS SUICIDE
SHAWNEE, Okla., Nov. 2. Rus
sell Johnson, teller of the State Na
tional bank here, attempted suicide
today by cutting his throat and can
not live. His accounts are reported
to be correct. Worry over the finan
cial conditions of the last few days is
balieved to have caused temporary
insanity.
RATES REDUCED
INTO NEVADA
By Associated Press.
LOS ANGELES, Nov. 2. A big
reduction in passenger rates from
southern California to Nevada points
will be effective December 1 over the
Tonopah & Tidewater road and its
Nevada connections. The present one
way rate from Los Angeles to Gold
field will 'be cut from, $25.20 to
$20.70, and the round trip rate from
$42.65 to $34.90. The one-way rate
to Tonopah is cut from $27.05 to
$20.50, and the round trip from $46
to $38.60.
The one way fare to Rhyolite and
Beatty of $21.05 Is cut to $16.55 and
$16.25, and the round trip rate to
$26.50 and $26, respectively.
WILL VISIT KING.
(Associated Press.)
PARIS, Nov. 2. President Fall!
eres announced today that he had
decided to accept the invitation of
King Alfonso to visit him at Madrid
He will start for Spain early in April
next. .
RESUME IX OKLAHOMA.
OKLAHOMA CITY, Nov. 2. The
banks in this city reopened this
morning on a limited payment basis.
The deposits were in excess of the
amounts withdrawn.
President Being Urged to Call
National Body Together to
Consider Financial Situation-Conservative
Leaders
in World of Finance Make
Request for Action,
By Associated Press.
WASHINGTON, I. (' Nov. 2. It is learned from undoubted sources
Hint I'resident Roosevelt is being urged to call an extra session of Coup-ess
to ileal with the flnuiicial sitiiatiou. The request come from con
servative leader in the financial world, vho desire action tliat will eradi
cate all ground for suspicion of American industrial methods. It is sug
gested that tlte President emlwdy his suggestions on corporation control
into recommendations for its enactment into a law, also liis ideas of Fed
eral control.
Interest Centers in San Francisco Election
By Associated PrM.3
SAN FRANCISCO, Nov. 8. In
volved in the outcome of the munici
pal election to be held in San Fran
cisco next Tuesday is the Burvlval of
the so-called bribery-graft prosecu
SHAPING UP
MATTERS FOR
RES1HPTON
Frank Golden, president of the Nye and Ormsby bank, arrived
in Tonopah yesterday, and there will be a meeting of that institu-
tion today, if the directors can reach here, or tomorrow afternoon
at the latest. , '
"Our. banks are all right," said Mr. (Jolden, "but we have to
proceed carefully before we can go ahead. I expected to meet
with the directors today, and outline our plans. The directors will
not be here until tomorrow, when we will meet, and it will not be
more than a few days when we will have the banks open. Yon
can state, too, without fear of contradiction that when the banks
open they will stay open.
"A .condition of affairs came upon us like a thunderbolt. No
bank can stand a sudden run, and we were no exception to the
rule. We want and expect' the co-operation of the heaviest depos-
ltors, and there will b4 no trouble in clearing up the' situation.
Our banks will open, and I am pretty certain that the State Bank
and Trust Company will do the same."
James Boyd, attorney for the Nye and OrniBby, accompanies
Mr. Golden.
r l
A meeting of the depositors of the State Bank and Trust Com-
pany has been called for 2 o'clock on Monday afternoon to con-
sider the proposition of President Rickey to pay the depositors in
quarterly amounts for d year.
The Reno banks, with the exception of the State Bank and
Trust Company and the Nye and Ormsby, have organized a clear-
ing house assentation, for the protection of the banks, and to fa-
cilitate business between them.
no ui
FOR THE INTERIOR
By Associated Press.
NEW YORK, Nov. 2. As was ex
pected because of the severe strain
upon the banking Institutions here on
account of the drain to the interior,
the official statement of the New
York associated banks for the week
made an unfavorable exhibition, al
though the percentage of reserve to
deposits was 21.3. Responses to de
mands from the interior have been
liberal, as it is shown by the fact
that loans have expanded to $60,
741,000. It is quite probable that
the statement of this week will show
much Improvement as a result of the
arrivals of gold from Europe, which
will begin to be imported by Wed
nesday. SOME HARD WALKING.
(Associated Press.)
COVENTRY, R. I., Nov. 2. Aris
ing before sunrise today, Edward
Payson Weston, who is attempting
to break thf record made by himself
forty years ago in walking from
tions now being conducted by Fran-
Lcis J. Heney, and this fact makes the
result of greater importance than
usual. There are thirty-two offices to
be filled, but only those ot mayor and
district attorney are considered of
SLIGHT RALLY
ATJJIE CLOSE
By Associated Press.
NEW YORK, Nov. 2. An abstract
of statement of averages made by
the banks to the clearing house was
recorded on the tape today after all
transactions at the stock exchange
had been completed. Prices had been
depressed early In the day to a slight
extent, but rallied with a show of
considerable strength, In the latter
part of the session. Operations at
the stock exchange were concluded
in ignorance of conditions disclosed
by the bank statement. The most
vital fact regarding the bank state
ment Is that the Teserve item is not
made to show by anticipation any
part of the enormous volume of gold
now afloat for New York.
Portland, Me., to Chicago, made an
early start. He expected to termin
ate the day's walk at Hartford,
Conn., seventy miles from here,
bringing the total distance traveled
in five days to about 250 miles.
Rose-Nash
Is Alive
(Special to the Bonanza.)
The Rose-Nash lease on the ground ot the Manhattan Union
Extension Company is to install a twenty-five horsepower hoist,
and the leasers are going alter the ore into the depths. A quar-
ter interest in the lease has been sold by Johnson Rose to J.
Sedgwick of Wyoming, for $4000, which money Is to be put Into
the work.
The lease has proved more thou satisfactory as it progresses.
They are now in on the drift a distance of thirty-five feet, and
the breast of the ore body is alive with coarse gold. They are
taking from the Cram-LaLime lease, which adjoins the Rose-
Nash, ore of a similar character, and with this kind of a show-
.ing, there is little doubt of raising money to finance the lease
for depth. ''..'.
great public interest. Three tickets
are in the field the regular Repub
lican, the Democrat and the Good
Government combined, and the
Union Labor. The total registration
Is 77,000 and It is estim&tud Mint l
least 55,000 votes will be cast for
Dr. Edward R. Taylor, candidate of
the Democrats and Good Government
League, and the Incumbent says to
night that he will be elected by a
large plurality. He says the people
of San Francisco want an honest and
decent government, free of partisan
ship. Daniel Ryan, Republican nom
inee, says that he Is confident of elec
tion, because the Republican ticket
Large Balances Due
The Western Banks
., By Associated Press.
SAN FRANCISCO, Nov. 2. Governor Gillett made next Mon-
day another legal holiday. He held a conference here today with
the State Bank Commissioners and officers ot the San Francisco
Clearing House Association. "A statement was received by the gov-
ernor today to the effect that interior banks in the narthern part
of the State are in more danger than those that have the sup-
port of the clearing house. In a statement issued tonight the
governor stated that It was the unanimous opinion ot all present
at the meeting this afternoon that the legal holidays should be
declared from day to day for a short time longer, Large balances
he says are due Western bankers from the East, which bankers
are only willing to liquidate with clearing house certificates, but
when the large sums arrive from Europe the balances due Call-
fprnla will be paid in coin and normal conditions be restored. The
State is In an unusually prosperous condition. I
JAPAN'S EMPEROR
HAS BIRTHDAY
TOKIO, Nov. 3. Today, Sunday,
was the emperor's birthday and was
universally celebrated. The entire
United States embassy attended the
review ol troops by Field Marshal
Oyama. The vernacular press print
ed many congratulatory editorials
and made much comment on univer
sal peace. It is said that the little
cloud between the United States and
Japan was passing and the friendly
relations appear to be completely re
stored. The hope was expressed by
one newspaper that the American
squadron would visit Japanese waters
and said the welcome must be such
as to leave no doubt of friendliness.
EMIIIETT DALTON
IS
TOPEKA, Nov. 2. Governor Hoch
today pardoned Emmett Dalton, the
noted bank robber, who has been in
prison for the Coffeyville bank rob
bery In 1892.
HASKBA LI SCORES.
SAN FRANCISCO, Nov. 2. The
following are the scores for today's
games: Los Angeles 6, Portland 2;
San Francisco 11, Oakland 6.
Lease
With Gold
was nominated by a convention
wholly unbossed and representative
of all classes. Patrick H. McCarthy,
Union Labor nominee for mayor, be
lieves tonight that he will receive
more votes than are cast for both the
other candidates. He estimates the
labor vote of San Francisco at 30,000
and says that he will get the bulk of
it. District Attorney Langdon is the
nominee of the Republican, Demo
cratic and Good Government panties,
and feels confident of an overwhelm
ing majority. Frank McGowan, the
Union Labor candidate for district
attorney, claims he will get the full
union labor vote.
RESULT OF BATTLES
ON THE GRIDIRON
(Associated Press.)
NEW ,YORK, Nov. 2. Princeton
defeated the Carlisle Indian football
team on wet grounds today. The
score was 16 to 0. The Indians lack
ed the dash and speed displayed at
the game with Philadelphia.
At Philadelphia Pennsylvania la,
Lafayette 0.
' At Minneapolis Chicago 8, Min
neapolis 0.
At Palo Alto Stanford University
football team defeated the Vancouver
team, 5 to 3.
At Cambridge Harvard 6, Brown
5.
At Ithaca Cornell 18, Western
University, Pa., 5.
SLOW PROGRESS
IN SECURING JURY
SPOKANE, Nov. 2. Slow progress
is made In the work of securing a
Jury to try Steve Adams for the mur
der of Fred ,Tylor at' Rathdrum.
Idaho. Thirty witnesses have re
ported to date and others will put
in an appearance when the jury is
secured. Charles Mover is in con
stant attendance In court and is busy
with counsel for the defense.