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TAFT NAMED AGAIN
FOR PRESIDENCY ed, of CDVENTION ALSO NAMES THE SAME RUNNING MATE AS FORMERLY. President Received 561 of 1078 Votes In Convention, or 21 More Than a Majority—Cummins and La Follette Have Little Show at Prize—Ad journed at 10:30 p. m., Saturday. Hall, Chicago.—With nearly 350 of tho Roosevelt delegates declining to vole, and husteuiug away at adjournment time to tender to Colo nel Roosevelt tho uomuutiou of a new party, the 15th nutiouul republican convention, at the end of a long and tumultuous session, Saturday uight re nominated William Howard Taft of Ohio for president and James School craft Sherman of New York for vice president. President Taft received 601 of the 1978 votes in the convention, or 21 than a majority. Tho decision of tho Roosevelt people, under direction of their leader, to re frain from voting, left no other candi date near the presidency. The an nouncement of the Taft victory was greeted with cheering from his adher ents and groans and hisses from the opposition. When it became absolutely certain early Saturday that Mr. Taft would be nominated without great difficulty, the leaders iu control of the convention decided to give him as a running mate his companion on tho ticket iu 1908. All others dropped from the race and Mr. Sherman was the only candidate regularly placed before the convention. A motion by New Hampshire to make the nomination by acclamation was de clared out of order. There were many scattering votes on tho roll call that ensued. The convention amid much confusion adjourned sine die. At no time was there any indication ef a walkout of Roosevelt delegates. They marked their revolt by silence. In the confusion just before adjourn n>~at a resolution was adopted giving the national committee power to de clare vacant the seat of any man on the committee refusing to support the nominees of the regular convention of 1912. Sherman's vote was 597. Convention more Saturday Session of the Convention. Convention began final session by adopting credentials committee report, seating Taft delegates from Texas and Washington. Temporary organization then made permanent and Chairman Root briefly addressed convention. Platform introduced and adopted after La Follette forces submitted a substitute, which was tabled. Presidential nominations were called for. Names of Taft and La Follette placed before the convention. On the first roll call Taft received 561 votes, 40 more than enough to nominate. Roosevelt was given 107, La Follette 41, and small scattering votes given to tome others. James 8. Sherman was renominated for the vice presidency by 597 votes. Others scattering. As Bryan Sees the Outcome. Says Roosevelt statement repudiating Coliseum convention will prove an his toric document. Eulogizes tho colonel for his deter mined fight. Says platform will play small part in campaign. Compares situation in republican party today with that of democratic party 10 years ago. Suggests that democrats become pro gressive iu platform and candidates and make third party unnecessary. ROOSEVELT MEN "GUTTER WORKERS" Also Liars and Partisans, Asserts Taft Men of Credentials Committee. Chicago.—Denouncing the Roosevelt members of the credentials committee as "liars," "gutter workers' "partisans," tho majority members of that committee Saturday auswered tho attack upon them made public the pre vious night by R. R. McCormick of Chicago. The .answer was in the form of a statement drawn up by the committee of five, Devine of Colorado, Eastabrook of New Hampshire, Laudstrum of Mon tana. Malby of New York and Moudell of Wyoming. This action followed a session in which charges of "liar" were hurled back and forth, and in which the Roose velt men were accused of "following orders" and ignoring their own judg ment on contested delegate eases. The McCormick statement charged that a "coalition" had been formed to Beat all of the contested Taft delegates without regard to facts presented. and Wardner Miner Killed. Wallace, Idaho.—John nugh Parry, a timberman in the Bunker Hill & Sulli crushed to death Saturday van, was afternoon while at work in the Ramsey stope of the old Sullivan mine. A ton of rock fell upon him. Fellow employes worked "or almost an hour to rescue his body. He was 24 years old, unmarried and a native of Wales. His brother lives at Wardner. The immediate cause of the accideut has not been ascer tained. LATE MARKET REPOSTS Dispatches concerning market quota tions, conditions and phases are as fol lows: Chicago. Flour—Steady. otliy seed—$7@8. Clover seed—$14@20. Rye—No. 2 , 84c. Mess pork—$I8.email@example.com 1-2. Dard (in tierces)—$10.92 1-2. .Short rihs (loose) — $10.52 l-2@ 10.02 12 . Butter, steady; creameries, 23@2.'.c; dairies, 21@24c. Eggs—Steady; at mark, cases includ ed, 15 1-20/10 l-2c; ordinary firsts, 10c; firsts, 17 l-2c. Cheese—Steady; Daisies, 15(5)15 l-4c; Young Americas, 14 1-2@14 3-4c; Dong Horns, 15(5)15 l-4c. Cattle—Market for beeves steady, cows and heifers weak. Beeves, $0.10 0/9.50; Texas steers, $0.40@8; western steers, $firstname.lastname@example.org; stockers and feed ers, $4.20(5.0.75; cows and heifers, $2.70 @8; calves, $5.50(5)8. Hogs—Market 10c above yesterday's average. Dight, $7.15(5)7.35; mixed, $7.10(5)7.05; heavy, $7.15(5)7.07 1-2; rough, $7.15(5)7.35; pigs, $5.25@7; bulk of sales, $7.45(5)7.00. Sheep—Market strong, generally to above last night. Native, $3.50(5)5.00; western, $3.50(5)5.65; yenrlings, $4.75(5) 7.10; lambs, native, $4.25(5)8.10; west ern, $4.75(5)8.10; spring lambs, $5.50(5) 8.50. Ti New York. Rnw sugar steady; Muscovado, .89 test, 3.30; centrifugal, .90 test, 3.86; molasses sugar, .89 test, 3.11; refined quiet. Coffee—Steady; No. 7 Rio, 14 5-8c; No. 4 Santos, 10 l-8c. Mild coffee quiet; Cordova, 16(5)18 l-4c nominal. Copper—Firm. Standard, spot and June, $email@example.com; electrolytic, $17.62 1-2 @17.75; lake, $firstname.lastname@example.org 1-2; casting, $email@example.com. Lead—Steady, $firstname.lastname@example.org. Spelter—Steady, $email@example.com. Antimony—Quiet. Cookson's, $8. Tin—Strong. Spot, $firstname.lastname@example.org 1-2. Iron—Steady. No. 1 northern, $15.50 @15.75; No. 2 northern, $email@example.com. • Portland. Wheat—Track prices; Club, 89@90c; bluestem, 94@95c; fortyfold, 89@90c; red Russian, 89c; valley, 90c. Butter—City and country creamery, extras, soliri pack, 27c. Portland Union Stock Yards Co. re ports market as follows: Receipts for the week have beeû: Cattle, 1,579; calves, 26; hogs, 1,611; sheep, 5,859; goats, 13; horses, 8. The cattle market did not show any decided break in values, but was a little soft throughout the week. Buy ers were slow about taking hold, de claring themselves for a hand-'em out policy. The hog market was a trifle easier and closed with a lower tone than when the week opened. There was a big receipt of sheep and the sheep market showed a lack of strength. One shipment, of feeder wethers came in and was taken out at $2.90. It seems that carnival week does not add to the strength of the live stock market, hotels and restaurants buy their supplies the week previous and, with full coolers, are slow about adding to their stock. The following sales are représenta tive: Steers, $6.72M[@7.35; cows, $5.50@ 6.25; calves, $firstname.lastname@example.org; stags, $6.35; bulls, $5; hogs, $email@example.com; lambs, $4.25@6; wethers, $4.20@440. San Francisco. Wheat—Shipping, $firstname.lastname@example.org 1-2. Barley—Feed, $1.52 l-2(a)1.55; brew ing, nominal. Oats—Red. nominal; white, $email@example.com; black, nominal. Millstuffs—Bran, $26.50@28; mid dlings, $33@35. Hav—Wheat, $15.50@21; wheat and oats, $12@19; alfalfa, $firstname.lastname@example.org. Butter—Fancy creamery, 28 l-2c. Eggs—Store, J 8c; fancy ranch, 21c. Cheese—Young America, 15@15 l-2e. Liverpool Wheat—July, 7s 9 1-8d; October, 7» 6 3-8d; Decomber, 7s 5 l-2d. Weather cloudy. Available Grain Supplies. Special cable and telegraphic com munications received by Bradstreet's show the following changes in the nvailablo supplies as compared with previous account: Wheat—United States east of the Rookies, decreased 2,256,000 bushels; United States west of the Rockies, de creased 287,000 bushels; Canada, de creased 395,000 bushels; total. United States and Canada, decreased 6,493,000 bushels. Afloat for and in Europe, de creased 200,000 bushels; total, Amer ican and European supply, decreased 16,693.000 bushels. Oats—United States and Canada, de creased 1,456,000 bushels. Corn—United States and Canada, insrensed 1,152,000 bushels. Spokane Prices to Producers. The following list may be taken as a fair standard of prices paid to pro ducers for the commodities named: Potatoes, 50@75e cwt. Butter—Ranch, 13@15c. Eggs—Ranch, $6 case. Hay—Baled oat hay, $11 ton; wheat hay, $12 ton; alfalfa, $12 ton; timothy, No. 1, $14 ton. Grain—Oats, $1.90 cwt.; barley, $1.70 cwt.: wheat, $1.55 cwt. (Hay and feed prices are t. o. b. cars. Spokane.) Poultry—Live hens, 12@14c lb.; roosters, 10c lb.; broilers, 25@30c lb.; fries, 16@18e lb.; Homer squabs. $2@ 2.50 doz.: fancy veal, 11@11M|C lb. Laggan, Alberta, Pire Swept. Calgary, Alberta.—The town of Lag gan, in the Rocky mountains, was al most wiped out by fire June 22. A call for help was sent to Calgary and a special train conveyed 400 fighters to the scene. It is said the loss is more than $100,000. Democrats for New Tariff. Baltimore.—Tariff will bo the para mount plank in the platform which the democratic national convention adopt. will SUMMARY OF THE REPUBLICANS'WORK CONVENTION ENDORSED ADMIN ISTRATIONS OF MCKINLEY. ROOSEVELT, TAFf. Renews "Unchanging Faith in Govern ment of the People, by the People and for tho People,'' and Allegiance to the Principles of the Republican Party. Chicago.—The following are impor tant f< aturcs of the republican plat form : Tribute to Abraham Lincoln, party's first leader. "Points with pride'' to the record of republican administrations. Affirms belief in the adequacy of the constitution to the needs of representa tive government. Opposes recall of judges as "unneces sary and unwise," but declares for elimination of court delays and other reforms in procedure. Favors appropriations by the govern ment to protect the Mississippi valley from floods. Favors extension of time for settlers' payments under reclamation projects. Favors "liberal policy" in rivers and harbors improvements. Favors a law for leasing Alaska coal lands and "liberal" policy to aid in Alaskan development. Declares for nonpartizan administra tion of the Philippines. Favors laws to restrict undesirable immigration. Favors new laws to protect lives at Favors measures to promote world peace. Favors legislation to define as crimi nal those acts which "uniformly accom pany" efforts to monopolize trade. Points out as meritorious achieve ments of the past administration prose cution of work on the Panama canal, establishment of the bureau of mines and postal savings banks, liberal pen sion appropriations and enforcement of the pure food and drugs act. Commends economy of Taft adminis tration. Condemns lynchings and other evi dence of disrespect for law and order. Congratulates Arizona and New Mex ico on acquiring statehood. Indorses McKinley and Roosevelt. Invites the "intelligent judgment" of the American people on the adminis tration of President Taft. Favors legislation to prevent long court delays and costly appeals which defeat justice. Against recall of judges, but for simplification of process by which a judgo derelict in duty may be removed. Favors enactment of legislation sup plementary to existing anti-trust act which will define as criminal attempts to restrain trade. Urges federal trade commission to ex ercise many functions now discharged by tho courts. Roaftirms protective tariff principle and advocates expert commission to re adjust duties, holding some are too too high. Supports prompt, scientific inquiry into the high cost of living. Advoiui. s revision of banking laws. Urges si ite and federal laws for es tablishment of organizations to lend money to farmers. Pledges continuation of policy of con servation of natural resources. Advocates parcels post. Condemns last democratic house for refusing to authorize construction of additional ships in the navy. Merchant marine should be revived. National government should aid the states of the Mississippi valley in pre venting damage from floods. Reclamation of arid lands policy should bo continued. Liberal policy toward Alaska should be followed, but waste and monopoly should be avoided. Policy toward Philippines should be free from partisan politics. More stringent immigration laws should be enacted. Laws should be enacted providing better protection to life at sea. Platform of 1908 respecting citizen ship for Porto Ricans is ratified. Administrations of McKinley, Roose velt and Taft indorsed. to sea. GOVERNOR WEST TO CLEAN UP OREGON To Enforce Law Against Roadhouses, Disreputable Resorts and Gambling. Salem, Ore.—Declaring he is con vinced that many public officials in the state are failing to enforce the law against the roadhouses, disreputable re sorts and gambling and that the time has come when it is no longer his duty to stand idly by and permit these to exist, Governor West, in a formal state ment, served notice upon them all that from now until the expiration of his term he will conduct a campaign of law enforcement and named Portland as the initial point at which to begin the cam paign. A a to Yakima's Peaches. North Yakima, Wash.—Thirteen hun dred to 1600 carloads of Yakima valley peaches will be carried east this summer by trains running on a 99-hour schedule from Pasco to Minnesota Transfer, ac cording to estimate. THE PROGRESSIVES NAME ROOSEVELT HIS FOLLOWERS HELD MEETING SATURDAY NIGHT IN CHICAG0.I 'Thou Shalt Not Steal'' Is the Cardi nal Principle of New Party to Which He Appealed to People of All Sec tions, Regardless of Party, to Stand By—Teddy Will Take Nomination. Chicago.—Former President Theodore Roosevelt was nominated Saturday night for president on an independent ticket in the dying hours of the repub lican national convention in which he met defeat. The followers of Colonel Roosevelt met in Orchestra hall, less than a mile from the Coliseum, and pledged their support to the former president. In accepting the nomination Colonel Roosevelt appealed to the people of all sections, regardless of party atliliations, to stand with the founders of the new party, one of whose cardinal principles, he said, was to be, "Thou shalt not steal." The informal nomination of Colonel Roosevelt was said to be chiefly for the purpose of affecting a temporary organi zation. Beginning tomorrow, when a call is to be issued for a state conven tion in Illinois, the work of organiza tion will be pushed rapidly forward, state by state. At a later time, probably early in August, it is intended to hold a national convention. Colonel Roosevelt, in accepting the nomination, said he did so with the understanding that he would be willing to step aside if it should be the desire of the new party when organized to se lect another standard-bearer. Cheers Greet Roosevelt. The proceedings were well under way when Colonel Roosevelt appeared on the stage at the massmeeting. The crowd went wild with enthusiasm. Men flung their hats in the air and women tossed their gloves and fans about. Cheering was deafening, and it was some time before order was restored. When Roosevelt concluded his speech there was a wild rush for the platform and a score of men scrambled for the leaves of the colonel 's manuscript where he had dropped them. The cheers almost drowned out ths blare of the band, which vigorously continued to play "There'll Be a Hot Time in the Old Town Tonight." Governor Johnson dismissed the meet ing after calling upon the delegates to meet Sunday. "I know it is Sunday," he said, "but our work is holy work." The speech nominating Roosevelt was made by Comptroller W. A. Prender gast of New York, who was to have presented the colonel's name to the convention. William Draper Lewis of the University of Pennsylvania law school, who was to make one of the seconding speeches, made the address which he had prepared for the republi can convention. Notification Committee. Representatives of 22 states com posed the notification committee which informed Colonel Roosevelt of his nomi nation and in a sense stood as sponsors for the movement. The committee con sisted of Comptroller W. A. Prender gast, New York; Meyer Lisner, Cali fornia; former Representative Rich mond Pearson, North Carolina; Frank Knox, Michigan; Matthew Hale, Mas sachusetts; J. R. Garfield, Ohio; David Browning, Kentucky; Everard Bierer Jr., Utah; Walter Thompson, Vermont; Judge Oscar R. Hundley, Alabama; Judge Ben B. Lindsey, Colorado; An drew Rhein, Minnesota; Judge Stevens, Iowa; Judge Lowder, North Dakota; William Allen White, Kansas; John C. Oreenway, Arizona; ex-Governor John Franklin Fort, New Jersey; Colonel E. C. Carrington, Maryland; Pearl Wight, Louisiana; Lorenzo Dow, Washington; Walter Clydo Jones, Illinois; Frank Frantz,- Oklahoma. Roosevelt Family in Box. Mrs. Theodore Roosevelt, Mrs. Nich olas Longworth, Miss Ethel, Kermit and Archie Roosevelt arrived early and occupied a box near the stage. When tho Roosevelt family appeared Mrs. Roosevelt and Mrs. Longworth waved and smiled a welcome in recognition of the cheers. When the hall had been packed the entire audieuco rose and joined in sing ing "America," after which the Roose velt delegates greeted Governor John son as he opened the formal part of the meeting. "To any man with red blood in bis veins," said Governor Johnson, "it is always a pleasure to fight fraud, and especially to fight a fraudulent conven tion. "The delegates present represent a majority of the legally elected dele gates to the national republican con vention. They propose to do right here and now just what they were elected to do." The governor's speech was inter rupted with a wild burst of cheering. New Party Dedicated. The progressive party, born Satur day night, was dedicated Sunday. In the presence of perhaps 500, some of them recognized leaders of the inove ment, others merely onlookers, the first formal step was taken. Governor Johnson of California was empowered to appoint a committee of seven to confer with Colonel Roosevelt and formulate a plan of action. In the opinion of the leaders the new party enters the field with a formidable equipment at the outset. These lead ers, however, said that as to the men who took a conspicuous part in the cam paign for Colonel Roosevelt's nomina tion, each must speak for himself. The attitude of Governor Hadley of Missouri was the chief point of discus sion along this line. The governor left town without waiting to declare him self. No definite idea of the plan to be followed could be obtained, and it was said several weeks might elapse before the program is decided upon, eruor Johnson in the meantime will act as field marshal, and in cooperation with Colonel Roosevelt will decide up on the membership of the committee of seven to guide the work of organiza tion. Gov a of of Chicago.—A new party from the ground up is the Roosevelt program. After a series of discussions today with his lieutenants in which there were sev eral clashes Colonel Roosevelt decided before leaving Chicago to cut entirely away from the party with which his whole public career has been identified. U. S. GOODS TO CHINESE PORT Sales of American Goods in Last Year Greater Than Ever Before. The total trade of Hongkong with the United States in 1911 increased im mensely over that of 1910 and all pre vious recent years, due to the extra ordinary imports. Hongkong's exports to the United States, including Hawaii, showed but a slight decrease compared with 1910 and were in excess of those of 1909, according to the United States consular reports. The balance of trade was in favor of the United States by about $4,500,000 gold. American exports amounted to about $8,500,000 gold and Hongkong's exports to the United States to sub stantially $4,000,000 gold. However, Canton's exports to the United States, aggregating about $7,000,000 gold, with Substantially no imports except through Hongkong, made the net balance of trade in this part of China about $2,500, 000 against the United States as com pared with a balance against the United States of perhaps $5,000,000 in 1910. There was a heavy movement of money from Chinese and others in the United States to correspondents in and near Hongkong. Local bankers esti mated the total valuation of drafts sent from the United States at $100,000,000 silver, or about $42,500,000 gold. This sum covers the balance of trade and also the savings of Chinese in the United States, including remittances for specu lation in silver exchange. PARKER THE MAN ASSERTS MURPHY Leader of Tammany Cohorts Says There Will Be No Row Among Them Over Chairmanship. Baltimore.—Both Senator O'Gorman of New York and Charles F. Murphy, leader of Tammany hall, say there will be no row in the national democratic convention over the selection of a tem porary chairman. Mr. Murphy insisted, however, that Judge Parker would be chosen and that Mr. Bryan would meet defeat before the convention opened, at the session of the national convention which will pass upon the action of the subcommittee. Murphy insisted that the controversy would be settled before the convention assembled. C. E. BIG FIRE AT WENATCHEE A $75,000 Loss on Sunday Was Well Covered By Insurance. Wenatchee, Wash.—Another row of shacks in this city was destroyed by fire Sunday, and for several minutes there was much danger that several of the more substantial buildings would be taken in the conflagration, broke out in the frame building occu pied by the Whitehouse cafe, and before the first department could arrive the building was in flames. The buildings burned involved a loss of $375,000, with their contents, mostly covered by insurance. The Wenatchee department store suf fered the loss of grocery and shoe de partments, which occupied one of the frame buildings next to its brick build ing. The fire of is PRESIDENTIAL PRIMARY BILL UP Representative Howland Advocates a Filing Fee of $1000. Washington Government supervision of presidential primaries is proposed in a bill introduced Saturday by Repre sentative Howland, republican of Ohio. A national board of five members would have charge of all primaries in the United States. Boards of three members would have charge of primaries within the state. Candidates for president would be re quired to file declarations of candidacy with tho national board and $1000 filing fee. pay a a Labor Leaders in Court. Washington.—Samuel Gompers, Frank Morrison nnd John Mitchell, tho labor leaders, were held guilty Monday of contempt of court by the supremo court of the District of Columbia, in connec tion with a court's injunction in tho Buck Stovo & Range boycott case. They will attempt to appeal again to tho supremo court of the District of Col umbia, in connection with a court's in junction in tho Buck Stove & Range boycott case. In of 17 EXCURSIONISTS DROWNED SUNDAY FORESTERS OF AMERICA OF BUFFALO, NEW YORK AT A PICNIC. While Waiting on Large Dock Its Bot ten Planking and Piling Gave Way and Whole Party was Thrown Into Swift Hiver —17 Bodies Recovered and 11 Are Missing. t Buffalo, N. Y.—Seventeen bodies amt a list of 11 missing persons were brought here by the medical examiner from the scene of Sunday ni^lit 's disas ter at Eagle Park, on the west shore of Grand Island, about 10 miles below Buf falo, where more than 100 persons were thrown into the Niagara river by the collapse of an excursion dock. The medical examiner, who examined the wreckage at dawn, found that many of the broken plank were rotten, and that directly beneath the collapsed por tion of the structure there were no sup porting piles. The excursionists were members and friends of Court Amherst lodge No. 232, Foresters of America, who were on their annual outing. The semi-darkness, the 10-mile current of the river at that point, the confusion and swiftness of it all served to cover up for a time the swiftness of the catas trophe. Up to nightfall, 17 bodies had been recovered, and there was a list of 11 more who were known to have been at the park, and had not yet been account ed for. MANY ACRES VACANT. Large Territory In Walla 'Walla District Waiting to Be Filled Up. In the Walla Walla (Wash.) district 212,906 acres of land are waiting to be tiled upon by homesteaders, accord ing to the annual statement prepared by Register John H. McDonald of the land office there. These figures were collected a year ago and the figures, which will be pre pared in a few weeks and forwarded to Washington, D. C., will show only about 10,000 acres less, he states. There have been a great many entries made by homesteaders in the last year, but many of these were on relinquish ments and, in addition, for nearly all the entries there have been cancella tions. The books of the local office show 1056 general homestead entries and 57 under the enlarged homestead act. The recoutly passed law permitting proof on land to be made after three years' residence and allowing home steaders to remain away five months, may increase the entries. The lands available, however, are in many in stances not very valuable, yiough on some a living may be made under the new conditions. Some of the land is sandy or rocky, while other parts of the district are mountainous and the land is fit for grazing only. The amount available in the different counties is given as; Adams, 11,226 Asotin, 68,349; Benton, 35,933; Columbia, 11,969; Franklin, 35 595; Garfield, 8035; Klickitat, 13,516; Walla Walla, 12,294; Whitman, 15,991. Total, 212,908. be at GARY PLANS LABOR REFORMS of be de Chairman of Steel Corporation Direc tors Issues Circular. New York.—In a circular to stock holders of the United States Steel cor poration Chairman E. H. Gary an nounces that the finance committee has adopted resolutions with a view of bringing about a number of labor re forms. The resolutions provide for the aboli tion of seven-day labor in all mines, mills, shops, railways, docks and works of the steel corporation, except under special circumstances. A committee was named to consider the reduction of the 12-hour day. SAYS SHE IS NOT GUILTY OF CRIME Mrs. Christensen Denies Any Knowledge of Cause of Husband's Death. Walla Walla.—"I have been charged with a crime of which I am innocent. My arrest was a great surprise to me and is without foundation. I know absolutely nothing about tho mniiner in which my husband died except wlint I have been told. Mr. Garey was as sur prised nt his arrest as I am nt mine," said Mrs. Anna Christensen of Pasco in tho Walla Walla jail Saturday. a in in re Gov. West After Breweries. Portland, Ore.—Brewery managers of the state will bo invited to a conference with Governor West, Saturdny, nnd if they don't stop shipping unlabeled beer into dry territory the breweries will bo seized. This was tho statement tho gov ernor made tonight in a speech at Tay lor Methodistt church. a of to in Cash Reserve Has Increased. New York.—Tho statement of clear ing house banks for tho week shbws that the bnnks hold $29,239,750 roserve in excess of legal requirements. This is an increase of $1,458,850 in the proportionate cash reserve ns com pared with last week.