d Occasional Tnreaten.r.j
"
4
TODAY'S NEWS TODAY
VJotr Cloudy and Occasional Threatening
tfCaUlcr To-night and Tomorrow.
JtU. Clourly and Occas
J
1
VOLUME V -
LA GRANDE, UNION COUNTY, OREGON, MONDAY, DECEMBER 18,1905,
NUMBER 40
JOHN R. WALSH'S THREE
: RJUIKDK HOUSES ARE
DAY -DEPOSITORS
(IHCAdO
CLOSED TO
ARE PROTEQED
WALLOWA
(Observer Special)
'-Elgin. Dec
cceiv
A BRIDtf DA
eclal)
mail
DAMAGED
Failure Acriiieil to Unfortunate Real Estate' Spidations Masle
v ; In tie Past-Failures Create Gut Little
C An of inn
. (Scrlpps Newt Association)
',: Chieefo.Deo. 18. The three banks be
; longing to John R Walsh, th insolvency
of which was announced this morning by
Z the Associated Banks of Chicago wart
beseiged at an early hour this morning by
depositors. Tht thrtt banks art . tht
, Chicago National. Home Savings and tht
Equitablt Trust.. Tht depositors wert in
. an angry mood and it required the aid of
! ' the police to maintain order. There it no
need for illhumor on tht part of tht de
' positors, as the Chicago Bankers' Assoc
,, iation has guaranteed tht depositors
against loss and will make claim of tht
: depositort good.
' 7. Private speculation, operations in rail
. ' road land, quarries and other side lines is
thought to be tht causa of tht failure.
, Comptroller of Currency Ridgely has been
J in the city three dayt and Sunday after
. ' noon called a meeting of the other bankers
'', In the Office of President Forgan of the
First National Bank of Chicago. This
. -meeting lasted from three p. m. to three
thirty this morning, . , . ' .
WALSH RESIGNED
Walsh resigned presidency
of the
Chicago National at a meeting of tht
board of directors this morning. .
f- The announcement wat made ', 'this
morning' at four ''o'clock' that' tht
Chicago National had sixteen millions
on deposit, and Tht Homt Savings Bank
had four millions of dollars , on deposit;
Tht four million dollars of deposits be
longs to tight depositors. Tht total libil
tise of the three institutions foat up to
wenty six millions of dollars. The di
rectors, Walsh and other banks . turned
over securities amounting to three million
dollars and guaranteed the remainder of
tht twtnty six millions. Tht banks were
opened this morning at tht usual hour,
and paid depositors as fast as they applied
but received no money. The clearing
house is in charge of tht three banks,
Walsh arrived at his office about nine
o'clock this morning but refused to talk
His brother-in-law. Col. J. C. Cooper,
president of the Chicago Horse Exchange,
stated that depositors wouid be paid in
full, but does not know how the stock
holders will fare. ' ' ' . . k
1 The last statement of resources show
ed their libilities to be as follows; Chicago
j LA. GRANDE'S HEADQUBRTERS
I FOR rUfllCTM AC 'AAHCi
. Vsl.miJ.I ITIttJ VJVUL.X
OF ALL SORTS ;
Suitable gifts for you.ug and old in endless variety and,1
of the thoroughly good sort.;. Hundreds upon hundreds
of articles to meet all wants and at prices that are sure:'
to prove an agreeble surprise and make your Christmas'
i
buying a pleasure, not a burden.
Visit our Xmas Store, where Xmas buyiifg is a
pleasure, Everything com en'ently displayed so
you can ramble around, see and exami; e for
;yourselfv:v.:.;.-.t
t4 .
TRENCH STAG AND EBONY TOILET SETSl
COLLAR, CUFF AMD HANDKERCHIEF BOXES
FACY INLAID JAPANESE BOXES
FANCY IMPORTED CHINAWARE
DOLLS IN ENDLESS VARIETY
a , MECHANICAL TOY'S.. it
MAGIC LANTERNS - -
, ; MOVING PICTURE MACHINES V
I J j j FANCY LINENS, Mexican $rins'wick
FANCY SUSPENDERS. v '
and hundreds of other useful articles too numerous
to mention. ' , .
i
National. $13,854,198.98, and the Home
Savins Bank to be $5,948,477.15.
At two o'clock th t afternoon National
Bank Examiner Charles H. Bosworth is
sued tht following statement: "It seems
mMHnrfamtAnriinff exists revardina
the bank In which Mr. Walsh it interest
ed. The bank has not failed, it it em
barrassed by investments. It has largt
atsats and unavailablt securities. Not
withstanding this statement tht run on
tht Chicago Rational continues, though
depositors art getting their money as fast
as they call for it. Many of those in line
turned aside and sought information re
garding the condition oftaftairs, but all in
formation was denied them.
(
MR
TAKES A
BAD TALL
(Serlppe News Association)
New York. Dec. 18. The bankers here
do not anticipate trouble as a "result of
the Walsh failures, It is a fact though
that stocks suffered as a result and that
the market opened weak. . The average
losses ranging from one to two per cent.
Amalgamated Copper had a bad ' few
minutes and declined to 97 cents when
ten thousand shares were dumped,
presumably by Lawson. - This caused a
drop to 95 cents and the market com
pletely demoralized, fIn a feW moments
there camel a rally and the -'price 'ad
vanced a showing again of five . percent
TO MEET AT SANTA BARBARA
(Scrlpps Newt Association)' '" .'
San. Jose, Clif.,"Dec 18. The execu
tive counsel of the State Banker's Asso
ciation issued a call for the next meeting
of the association' to meet - May '47, 18
and 19 at Santa' Barbara. ,r- i j
Lll (WiSL ISSUE DEKIAL - !
BerUn; Dec. 1 8. TheChinese minister
i I ' - - '
. T here informs the Associated " Rress that
T I . . . .
; tne i recent report;; that ' ChanctJIor von
X Buelow had assured him of Germany's
help lrt the event.of friy pQwefattempt
ing to eize Chinese- territory l"wholiy
without foundation-. ' . ..
MORE . -I
(INK
( ScrltS'ps '.Jltw Aseocjatlon ) fX.
Washington Dec. s 1 8, The t statement
department was informed by cable this
morning.' from the American . CopsultTat
Skanghai, that tht recent fiots. have re
sulted in the death of severe foreigners.
Two Chinese had been killed and a num
ber Of buildings had been burned. ' So
far no American citizens had been -1
ported killed. . . ... , .v,
. i . SHANCMI REBELLIOUS. . ., .
Washington. D. C, Dee. 18. Shanghi
is practically under martial law and all
fore'gners are armed. The reporte are
that 350 are killed and rrany are wound
ed. The reports are not discredited. '
has been re
ceived at this office since Friday, owing
to the fact that about thirty feet of the
new Wallowa bridge has been washed
away. I Tht bridge it in a bad condi-
tion", artnt thawing condition of this sec
tion will caust tht Wallowa river to raise
and it it feared the entire bridge may go.
This would be a great Inconvenience at
this season of the year when it would be
some time before a new structure could
be placed across the stream. '
Will ENTERTAIN MRS. (OREY.
(Scrlppt Newt Association) '',-'.,.
Los Angeles. Cel., Dec. 18. Mrs. W.
E. Corey, wift of the president of tht
steel trust left last night on the East
Santa Fe Limited presumably for Pitts
burg. It is understood that social honors
have bten arranged for her. there by tht
ladies of that city who do so as a protest
of tht action taken by her husband. '
"editcrcoes to M .
(Serlppe New Association)
New Orleans, Dee. 18. The state su
preme court today affirmed the sentence
of e'ght months in prison, imposed by the
lower court upon Dommick Omally, editor
and proprittor of the Daily Ittm. Tht
editor cri minally libeled Mayor Berham
through the Daily Item. .
JAPAH
(ELEBRATt
IIOIS
Tokio, Dec. 18 The first official cele
bration by the city fn honor of the soldiers
that have returned from Manchuria, was
held yesterday. 'Field Marshal Oyama
and General Kuroki, together with their
respective , staffs, were guests of the
guards division, v Soldiers of all armies
in field uniforms, 10,000 strong with 24
guns marched from Hibiya to Uyeno park
a distance of three miles. ' All street car
traffic was suspended during the march.
Despite the unfavorable , weather which
prevailed, there was much enthusiasm, the
shattered battle flags eloquently testify
ing to the ordeals through, which each
regiment had passed. A formal ceremony
was held at Uyeno park in ; which the
mayor of the city made an acdress con
gratulating the Manchurian army: oo its
victories. The expenses of the celebra
tion were defrayed by voluntary contribu
tions. - Tht event was unprecedented in
that it was the firit time that Tokio taw
such a large army marched through ber
streets at one time, , ,
.. , ... AfTER A JURY.
(Scrlpps News Association) - "
r Chicagoi,JDteG..,'18tThS" state is still
wrestling withlhe.problem of securing a
Jury in the packers' cast. Many hava
been 'examined. fut up to noon all had
been 'excused or challenged.
TRUST
ID
(Scrlpps Nw Association)
Chicago, Dec. i 8 The ."Brick -Trust"
cases were called today in Judge Smi th's
court. The defendants were accused of
violating the interstate an 1 trust laws.
They did not deny their guilt and were
fined two' thousand do'lars each. The
following are the defendants! The Illinois,
"American and Chicago brick companies.
andGeorge C. Presgsing, Edwin J. Tom-
lins, John Gyany, Charles Nank and
Patrick- McMann, agent of the Brick
Workers Union,
1
SET TOR TRIAL AGAIN
(9Hppe Newe Association)
Washington, D. C. Dec. 18 Caleb
Powers' cat is set for trial again.
HIHETY MILLION DOLLARS
RUSSIAN MONEY HISS!
Russian Treasure Willi One Hundred and ' "Twenty V.
: , Routes , Over. ; im and .; IL'M to Have i
Been Lost. '';,V5:'-;V:;
(Scrlpps News Association)
St Pttersburg, Dec. 1 8. Government
z zt w a
garding the non-appearance of a treasure
train. . The train wat due here at eleven
last night and as It was known to contain
one hundred and twenty million roubles,
nearly ninety million of dollars, it is fear
ed that it has been- captured by the re
volters and the funds appropriated. The
train was under a strong guard, but of
lata Russian guards have not been found
dependable.
MORI RUSSIAN CASUALTIES '
Reports have reached here of tht recent
disturbances at Riga, Mitua. Dorpat and
Wolmar, and give the casaulties at the
. 4tUw.- Pin avA .
hundred killed and fifteen hundred wound-"
td; Mitau, two hundred killed, seven
hundred and fifteen wounded; Dorpat one
hundred and fifteen killed, and four hun
dred wounded. : Other places report nine
ty killed and hundreds wounded.
' ATTMFT TO DYKAMITK '
St Petersburg, Pec., 18 A plot wat
discovered today to blow up the winter
place of the Czar. An Infernal machine
was also found In the postofflce at". Moscow.-
'' -- v
ONE YEAR IN JA1
(Sorlpps News Association) "
New , York, Dec. 1 8. Benjamin ' F.
Chadsey, lawyer, alias Paul . Hamilton,
was sentenced to a year in the county
jail for misappropriating nine hundred
dollars from a woman client ' "
GRAIN MARKETS ' '
(Scrlpps News Association) - '
Chicago, Dec. 19. Wheat opened at
84,; closed, 85,V; ', corn opened
45't'. closed. 45; . oats opened 10
closed, 50 V. ' i
T0EXQ.UDETKEMA11 1
(Serlppe New Association) ,
Washington. Dec. 1 8. Representative
Hayes introduced in the house , today' a
bill extending the Chinese ' exclusion laws
to Japanese and Koreans and their de
scendants. , '
A HEALTHY BILL
(Scrlpps News Association)
Washington D. C: Dec. 18. A bill ap
propriation $31,000,009 fordeep a water
way for Chicago to St . Louis wat In
troduced in the house today. i
! CHRISTMAS WISDOM I
Lies in buying early and in buying,
right. Buy soon and secure ad
vantage of uncommon assortment.
Ccarly buyers' Vget choicest picking;
Buy, before, some: one else tfets iust
..'''
the article you jvyouldjhave-.mqst
preferred. " Our "Holiday Good? are
here and there's gdods among them
that will please ybu. . You will get,
them at right prices, too. It's
right prices that's going to make
them go quickly. v I .
TOIL EI CASES, I FANCYi H AIR,
CLOTH and TOOTH BRUSHES,
BOCKV STATIONARY ITEMS
POCKET BOOKS, PURSES, BILL
B?0 S, S AViNG SETS, CIGARS,
CCNFECT ONERY, BIBLES, AL
BUMS, CHRISTMAS CARDS, etc
Newliri Drug Co
La Grande, Oregon: :
v-