Tonopah daily bonanza. [volume], November 09, 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 NO. i;,
TONOPAU NEVADA. SATURDAY MORNING. KOYKMIIKR .'. 1907.
PRICE 10 CENTS
ROCK
SDOWN
UT
STEPS
0
PRESIDENT OF TONOPAH MINING COMPANY Hoarded Colli
WAS FORCED TO RESIGN
James S. Austin is Elected in
Brock's Place Bitter Fight
Has Been Raging in Philadelphia!
John VV. Brock is no longer at the head of the Tonopah
Mining company. At a meeting of the directors of the company
at Philadelphia yesterday his resignation was accepted and James
S. Austin elected In his stead. Very little is known of Austin
here, apart from the fact that he is said to be a business man.
C. K. Lord is vice president.-
There has been a fight on for a long time to have Brock re-
moved from the presidency of the big company, as well as the
railroad company. When be was last here, which was during
the strike on the railroad, he said that there would probably be a
change in the railroad management, as he had asked to be re-
lieved from some of the responsibilities that were resting on his
shoulders. He said nothing about resigning from the presidency
of the mining company, and the conclusion is reached that he
has been forced out of the position.
Brock was most unpopular in this country, both as the head
or the company and of the railroad. He was not at all yielding on
any point, and there Is now some litigation in consequence of
his stubborness, which it is said might have been avoided. The
directors of the road and the mining company, are very sensative
to criticism of this nature, and there was besides, no little feeling
engendered by the stockholders by the passing of the last extra
dividend on Tonopah Mining company.
The fact of the matter Is that Brock is not a heavy stock-
holder in the Tonopah Mining company, and the big stockholders
have taken exception to his ru'o. It Is stated here on pretty good
authority that he does not own more than 1300 shares in the big
company, and that he was simply a high salaried official. He was
re-elected only last May, when the annual meeting took place.
There is considerable speculation as to what position Frank
A. Keith, general manager of tha Tonopah Mining company, will
occupy in the fight for Brock's scalp. Mr. Keith was a selection
of Mr. Brock, but is just as popular in this community as the ex-
president is unpopular. It Is hoped on all sides that he will re-
tain his position, and the general impression is that he will. No
mention of him was made in the private dispatches that were re-
ceived here yesterday, the first of which was received from J. S.
McCord and company, who have been among the hardest fighters
against the deposed president. It. is not thought that there will
be any change in the superintendency of the railroad, which is
now held by J. F. Hedden, who is at present In Philadelphia.
Lord, who has been elected vice president, is the new president
of the railroad, and Austin, who was elected president of the
mining company, is the second vice president of the railroad
company. ,
BIG CONCERNS
GO TO THE WALL
(Associated Press.)
PITTSFIELD, Mass., Nov. 8. The
Williamstown Manufacturing com
pany and the North Pownall Manu
facturing company have passed into
the hands of a receiver. Both are
connetced with the Arnold Print
Works, which went into the hands of
a receiver yesterday. About 6000
persons are employed by these two
concerns. The aggregate liabilities
are placed at $1,000,000.
BLEW OPEN SAFE
THEN THEY FLEW
(Associated Press.)
HUNTLEY, Mont., Nov. 8. The
Huntley State bank's vault was
blown open by robbers early this
morning, but- the men were scared
away before they secured any thing.'
TALI HAS OFFICIALS
ALL IN THE AIR
(Associated Press.)
WASHINGTON, Nov. 8. The
Btate department officials are some
what confused over the conflicting
reports concerning the schedule of
Secretary Taft's tour. It is not be
lieved, however, that he will visit
any ruler in Europe, except possibly
the czar of Russia. Mr. Taft is said
to be on a diplomatic mission and
has no business of an official nature
at any capital.
GOLO SHIP WAS
HURT IN THE GALE
(By Associated Press.
NEW YORK, Nov. 8. The Lu
sltnia bears several scars to show the
severity of the gale through which
she passed on her way here. Several
small boats were washed away by
heavy seas. While the gale was on
the passengers were kept In the cabins.
SMALL TEXAS BANK
CLOSES ITS DOORS
By Associated Press.
HOUSTON, Texas, Nov. 8. Vine
yard Walker and company, private
bankers, doing business at Eagle
Lake, closed their doors this afternoon.
ARRAIGNED FOR
WALKER'S MURDER
By Associated Press.
DURANGO, Colo, Nov. 8. Wm. R.
Wilson and Joseph Vanderweide, ac
cused of the niurder of Secret Service
Agent Walker at, , the Hesterus mine,
were arraigned in court today and
pleaded not guilty. They asked for
an immediate trial, but no time was
set.
- -- -- -- -- -- - - i-,-ry-w-Mw-uMMnjunjuxrLrLnjxrLjTj
BANK DEPOSITORS
ARE WITH RICKEY
UOLDKll-Xl) FKOI'LE VOTE UXAX.
IMOl'KLY TO SKiX AGREE
MEXT OFFERED.
GOLDF1ELD, Nov. 8. The
depositors of the State Bank
and Trust company met today,
President Rickey being present
at the meeting. A resolution
was unanimously passed to the
effect that it be the sense of the
depositors that all depositors
sign the agreement submitted
by the bank.
The agreement provides that
the depositors shall be paid in
quarterly payments as follows;
Ten per cent in three months;
20 per cent in six months; 20.
per cent in nine months, and the
balance In twelve months.
The meeting was very en
thusiastically in favor of aid
ing the bank, and Rickey was
given a great reception. Mr.
Rickey addressed the meeting
and pledged his word and that
of the directors that no man or
woman should lose a dollar
through the bank. The latter,
he said, was solvent, and would
not have closed its doors, but
that the financial conditions of
the country made it absolutely
necessary. To sign the agree
ment proposed, he said was the
only way in which to get the
money due the depositors back.
In addition to paying all that
was due, the bank would do as
the Nye and Ormsby proposes,
and pay 3 Ms per cent interest.
Judge R. S. Miner was his
sed when he mentioned a re
ceiver for his clients, and he de
clared that if Rickey was act
ing in good faith, his name and
that of the Rickey Land and
Cattle company should be on
the back of the certificates. At
torney Schnitzer, who has made
an application for the appoint
ment of a receiver, declared
that he would move on Tues
day next for the dismissal of the
application. The resolution was
then passed.
CLAIMS THEY WERE
LED INTO A TRAP
WATCHMAN JONES' PECULIAR
POKITIOX IX ROIiltEKY AXI
KILLING OK KLINE.
GOLDKIELD, Nov. 8. V.
L. Kline, the jeweler, who was
shot by a posse of deputy sher-
iff a while attempting to rob the
Nevada Reduction Works of
amalgam, died this morning at
7:30 o'clock. s
Gipple, the accomplice of the
dead man, has made a state-
ment to the effect that both
men were led into the trap by
Jones, the night watchman, who
he claims was a party to the
robbery, and informed the of-
fleers of the proposed holdup.
This is denied by Sheriff In-
galls, as to that part of the
statement which accuses Jones
of having gone to Gipple, and
making the proposition to rob
the amalgam tables.
"Gipple claims that he has
never before been engaged In
any thing that could reflect up-
on his character, and he said
that he knew nothing of the
amalgam until Informed of the
opportunity by the watchman,
who told him that there was a
chance to clean up . $2000 or
13000. He told both him and
Kline, and made all the ar-
rangements for the fatal night,
having previously informed the
officers of the plan. Gipple says
that Kline had been buying
amalgam from others, and
thought to make a saving by
stealing it off the plates.
The brother of the dead man
is expected from Belllngham
Bay on Sunday morning. Till
then the office of Kline will not
be opened. Mrs. Kline and her
two childern are being cared for
by neighbors. 4
MILLIONS DRAWN,
NEW YORK, Nov. 8. Figures to
t'ay show that banking centers
throughout the United States have
drawn over $12,000,000 from the
city within a week.
Going Back to IRinrrnPr
Npw Vnrk Mil Bui
1 it v a
By Associated Press.
NEW YORK, Nov. 8. Dun's weekly review will say tonior-
row that there were fewer commercial failures in the United
States this week than for two weeks past. The volume of bust-
ness has been smaller than usual this week, but the situation is
more encouraging, because of the general belief that the finr icial
storm is being weathered. Returning confidence is witnessi'l by
deposits of hoarded money.
Bradstreet's will say there is a more optimistic tone pre-
vailing throughout the country and that the widespread assur-
auce of bank currency has greatly eased the situation and that
large arrivals of gold from European countries is very encour-
aging. ,
.. There was a more pronounced stirring of the speculative
activity in the stock market today, than at any period since the
financial disturbance set in. The banks continue their attitude
of disfavor towards large speculative operations, but manifest
signs of resumption of operations on margin. On actual sales
it is Indicated that this obstacle has been overcome In some man-
ner. The principal buying was concentrated, in a limited number
of stocks, but the upward movement was fairly comprehensive.
Fifteen hilled in
Powder Explosion
By Associated Press.
DOUGLAS, Ariz., Nov 8. Word reached here of a terrific ex
plosion of powder at Necozari late yesterday afternoon, by which
ten men, probably Mexicans, lost their lives. The explosion oc
curred on the narrow gauge railroad which runs from Necozari
to the mines at Bisbee. The powder was In two carg. The men
killed were employes of the Phelps-Dodge concern.
Later The death list as the result of the Nacozari explosion
reaches fifteen. All were Mexicans with the exception of John
Chisholm, aged 13, who was running on the narrow gauge train
when the explosion occurred. The train in some way caught fire
in two cars in which a large quantity of explosives were being
taken to the mines. Jesus Garcia, the Mexican engineer, who
saved the town of Nacozari from destruction by staying with his
engine and running the train half mile away after the fire start
ed, was blown to atoms.
DYNAMITERS SCARED.
By Associated PreBS.
BUTTE, Nov. 8. Officials of the
Great Northern received a letter
threatening to dynamite the train for
Great Falls last night, unless $10,
000 in coin was thrown off the train
at tha mouth of the Great Northern
tunnel. The train went through
heavily guarded without trouble
TRIAL OF ADAMS.
By Associated Press.
RATHDRUM, Idaho, Nov. 8.
Steve Adams, accused of the murder
of Fred Tyler, today listened to the
testimony of Mr., and Mrs. Archie
Phillips, giving details of bis move
ments at the time of the killing.
Their testimony was read from tha
record and consumed the entire day.
" 1
Clearing House Paper im Tomopai
San Francisco Clearing House Certificate
an Francisco. California.
No. C 1998 Nnvemhp.r lit lQfi-7
$20 TWENTY DOLLARS $20
Securities havinst been deoosited with the citrin rr Untie Cn tn m a
-- wivwi nig flVMW VJlfJlf i ttwk
or the Associated Banks of San Francisco, this. Cfrtlf1rfltr will nronfal
by the said Banks for the sum named.
HOMER S. KING,
Secretary Drin
1 11 1 1 '"" 'fc
,
SAMPLE OF SAN FRANCISCO MONEY PAID FOB SALE OF TONOPAH STOCKS.
The first roll of clearing house certificates arrived from San
Francisco yesterday. They were received by a local stock broker
firm in exchange for stock sold in the San Francisco market. The
lot received were in five, ten and twenty dollar certificates, and
they look like the real money. They are printed on crisp bank
note paper.
It is only a matter of time, if we want to continue to do bus-
iness with the outside world that the certificates will be in circu-
lation here. We cannot get any other kind of money from San
Francisco or New York, and we do nine-tenths of our business
with the former, and not a little with the latter.' The ccrtifl-
cates are accepted everywhere in San Francisco, and they are
now issuing them in the denomination of a dollar. Labor Is be-
Ing paid off with them, and labor. In turn, is purchasing its
meats, groceries, dry goods, wet goods, in fact, paying all its
bills with them. A five dollar note will be changed for silver,
and the paper money, which has been so long obnoxious in the
west, is getting rapidly In favor in San Francisco.
The certificates can pass current here just as well as in San
Francisco, for the merchants who are doing .business with San
Francisco houses can pay their bills with them just as well as
with the cash. It will relieve the situation in Tonopah as it has
done in San Francisco and other places, by giving us a medium
of circulation.
It will rest with the merchants ag to whether the certificates
; will become a medium of exchange. If they accept them it means
that more business will be done. People holding stocks here,
should they want to sell them, would be obliged to take their ,
returns In the certificate money, for It Is all that there is to be had
In San Francisco. There can be no doubt as to their value, for
behind them Is every bank in San Francisco, which is connected
with the clearing house, and that is about thirty-four or five.
There is nothing on the certificates to indicate when they
will be taken up, but they undoubtedly will be redeemed when the
conditions change, so that money will be plentiful again. That,
however, will cut little figure when the certificates pass muster for
every use to which real money can ba applied. It might be worth
while for the merchants and bnainess men f t mntt-