VOL. XLVI.-A'O 14,626.
PORTLAND, OKLCxON", 'THURSDAY, OCTOBER
24, 1907.
PRICE FIVE CENTS.
FORCES UNITED
TO AVERT PANIC
ortelyou Joins Hands
With Bankers.
ROCKEFELLER POURS OUT CASH
Trust Companies Unite for
Their Own Defense.
ONE WITHSTANDS A RUN
6ecretary of Treasury Pec-lares
Banks Are Sound All Financial
Magnates, Headed by Morgan,
Are Standing Together.
BAXRS Uf OTHER CITIES.
CHICAGO No banks tied up with
Wall street or nave loaned money
on stocks which declined most.
KANSAS CITY No alarm. Banking
conditions normal.
CINCINNATI New York situation
has no effect.
LOS ANGELES Banks fcave large
surplus and mercantile business
Is good.
SALT LAKE Banks on solid basis, , '
having 20 to 30 per cent more
than normal reeerve.
SAN' FRANCISCO Banks not at-
t take no new business, awaiting
outcome In Kast.
XEW YORK, Oct 23. The crisis In New
York financial circles was safely passed
tonight. After prolonged conferences at
J. Plerpont Morgan's office, an organiza
tion of the presidents of New York trust
companies was effected, not different in
principle from the Clearing House" Asso
ciation. It is in the nature of a pro
tective combination. All of the leading
and admittedly conservative trust com
panies participated. John A. Stewart,
"chairman of - the board of the - United
States iTrust Company, presided, and was
elected chairman of a committee whose
duties are to be analogous to those of
the clearing house committee. A resolu
tion was unanimously adopted providing
for an examination of the various trust
companies and a report of their findings
to the association.
Following this meeting a report was
made by the committee tonight on the
Investigation Into the affairs of the Trust
Company of North America. As a result
all of the trust companies of New York
unanimously agreed to come to the aid
of the Trust Company of America by
providing such funds as it needs.
Cortelyou Deposits Cash.
At the same time and even more im
portant, the Secretary of the Treasury,
having satisfied himself as to the con
dition of the New York banks, authorized
. an announcement that he had directed
that Government deposits be placed in
the banks of this city to the extent of
$35,000,000. These two measures are ad
mittedly adequate for all needs of the
banks and trust companies of New York
In the present emergency.
Mr. Cortelyou's official statement
says: -
"Wherever there Is a weakness, and
It has been in but a comparatively few
Instances, strong and able men are ren
dering aid; and in benalf of the Treas
ury Department. I may say that I be
lieve that it is ray duty to do what I
can, and I will do in the largest way
possible what may be necessary to af
ford relief. The Treasury Departrhent
will continue its co-operation and, if
the public on its part will reflect on
the strength of our banking lnstltu
tlone, there will be a fast return of
confidence which this condition war
rants. "As evidence of the Treasury's posi
tion, I have directed deposits in this city
to the extent of t25,000.O00." v
Moneyed Men Join Forces.
The failure of the Knickerbocker Trust
Company, which suspended yesterday, to
reopen today did not exercise such an ad
verse Influence on the general situation
as might have been expected and the
early action of Aotlng Superintendent of
Banks Skinner In taking possession of
the Institution on the advice of the Attorney-General,
gave rise to a feeling ? re
lief, as it was felt that the state would
make the most of the situation.
The confrerees at the offices of J. P.
Morgan & Co. made a thorough review
of the affairs of the Trust Company of
America. At the meeting were J. P.
Morgan, E. H. Harriman, T. F. Ryan, H.
C. Frlck. Paul Morton, George F. Baker,
Hamilton Fish, Assistant United States
Treasurer: Judge El H. Gray and Nor
man B. Ream. Oaklelgh Thorn, presi
dent of the Trust Company of America,
was there for a time.
When the meeting finally broke up
toward 6 o'clock in the evening, it was
felt that the most Influential and most
powerful men in the financial world had
assumed command and the confidence of
the business community In its banks, se
curities and money conditions generally
was to be speedily restored.
ROCKEFELLEK TO THE RESCUE
OH King Fours Large Sums Into
Banks to Check Distrust.
NEW YORK, Oct. 23. John D. Rocke
feller bas taken an active interest In the
present financial situation and he has ar
ranged to lend very large sums to a num
ber of New York financial institutions.
"I think," said Mr. . Rockefeller to a
representative of the Associated Press
this afternoon, "that the existing alarm
among investors is .not warranted, and I
hope the good common sense of the
American people will control the situa
tion; personally I have absolute faith in
the future values of our securities and
the- soundness of underlying conditions.
"Instead of withdrawing any of my
money from" the banks, I am co-operating
with others in helping to meet that
which I firmly believe to be only a tem
porary crisis. Every one having the good
of his country at heart should by word
and deed lend a hand now to re-establish
confidence, and I propose to do my part
to the full extent of my resources."
Trust Companies Give Aid.
At 12:30 A. M. Frank Vanderllp, vice
president of the National City Bank,
made the following statement:
"The situation has been met. The trust
companies will come to the aid of the
Trust Company of America. The exam
ination by the committee appointed to
look into the trust companies has found
that the Trust Company of America has
sufficient assets to warrant protective
T fnm'i" Jfrannmi mssuy; j
wn wennnirlionse, Jr., JSlectrlo
Machinery Stagnate and Inventor
of the Airbrake, Whose Big Indus
tries Are In Receiver's Hands.
aotion by the committee, and such action
has been decided .upon..
Open for Business Today.
President Oaklelgh Thorn, of the Trust
Company of America, announced at mid
night that his company would open for
business at vhe usual hour tomorrow,
with ample funds to meet all claims.
TROUBLE AliL JN . XE1V YORK
Rldgeley Says Banks Are Sound In
Other Cities. ,
WASHINGTON.- Oct. 23. Comptroller
of the Currency Rldgeley today gave out
a statement saying that the general feel
ing indicates an absolutely sound situ
ation: that there was not the slightest
need of apprehension about the banks
and trust companies of the country; that
the banks of the several cities have every
disposition to leave their balances, in
New York and other central : reserve
cities, and attributes the trouble In New
York to the condition of a very few co
cerns discredited by' the operations of
their officers and to the difference of
prices of stocks and securities as be
tween: New York City and country banks.
Comptroller Ridgely's statement was
as follows:
"I have talked by telephone today
with bankers in practically - every
large city in reach of Washington by
telephone, and also with a number -of
examiners. I hear of no trouble what
ever among the banks or trust com
panies outside of'New York. The gen
eral feeling Is that the situation Is ab
solutely sound and there need be not
the slightest . apprehension about the
banks and the trust companies of the
country."
TRUST COMPANY STANDS RUN
North American Pays Motley , AH
Day Knickerbocker Bank Closed.
NEW YORK, Oct. 23 The extent of the
day in the financial situation was the run
on the Trust Company of North America
and the success with- which it was with
stood. It developed last night that this
company, with deposits of about $50,000,
000 and assets and liabilities exceeding
$00,000,000, was In need of assistance. The
company had $12,000,000 cash In Its vaults
when the day opened and was pledged
liberal assistance If needed, but this was
not asked.. A committee of accountants
began an examination of its securities at
8 A. M., and upon Its favorable report the
other trust companies pledged aid. Presi
dent Oaklelgh Thome was on hand early,
ready . to meet any. emergency.
When the doors opened three paying
tellers were ready for duty and the cor
ridors of the Trust Company of North
America were jammed 'with GOO deposit
ors. Notwithstanding the work of the
tellers, the crowd grew to 700 before 12:30.
A smaller crowd awaited the opening of
the Colonial branch of the company In
the St. Paul building on Broadway. Not
withstanding the drain on its funds,
which continued untl the closing hour,
the company stood the run and an
nounced that It would open for business
tomorrow.
Donble Line at Doors.
A double line of depositors reached from
the paying teller's window in serpentine
fashion through the iounting-room. out
through the main door to Wall street for
oyer a block. There was no disorder.
Investigation disclosed that the amounts
called for were, as a rule, small, none of
the large depositors withdrawing their
fundB. All the directors declared that the
company would meet all demands.
, An investigation of a report that there
was a run upon the Morton Trust Com
pany showed it untrue.
Announcement was made today that
Concluded on Pa a
COURT CABAL TO
L-
Von Moltke Libel Suit
Brings Out Story.
dark Vices of round table
Harden's Witnesses Blacken
, Count Zu Eulcnburg.
HIS FRIENDSHIPS EROTIC
Divorced "Wife of Von Moltke Tells
of Suggestive Incident Count De
nies Oon-splracy to Influence
the Mind of the Kaiser.
BERLIN. Oct. 23. The libel action
brought by General Count Kuno von
Moltke against Maximilian Harden, edi
tor of die Zukunft, a free lance polemi
cal weekly and long an organ of ex
treme radical opinions, began here to
day before Justice Kern. The pub
lic awaited the trial with extraordi
nary interest, because It was believed
that many secrets of the Imperial court
would be drawn from the distinguished
persons summoned to the trial, some
of whom. are members of the imperial
entourage.
Von Moltke is an mtlmate friend of
Prince Philip zu Eulenberg, the ex
German ambassador to Vienna, and a
kinsman of tire present chief of the
general staff. Count Von Moltke, and
of the Governor of the Province of
East Prussia, Frederick von Moltke.
These three von Moltkes are nephews
of the late great Field Marshal von
Moltke.
Charges Against .Round Table.
Harden began last November-to assert
that Count zu Eulenberg was the head of
a group at court that sought to Influence
the Emperor's political action by subtle,.
Indirect suggestions. Count iu Eulen
berg, Count-Kuno von Moltke and Lieu-tenant-General
Count William von Hohe
nau, one of the Emperor's adjutants,
were mentioned by Harden as members of
the so-called camarilla, or "round table,"
and he further alleged that they were
spiritualists and of abnormal tempera
ment and habits. According to report,
the Crown Prince Frederick William
made an inquiry into the charges in May
and went to his father with the result
of his investigation, which caused Count
Uzu Eulenberg, Count von Moltke and
Lieutenant-General Hohenau to resign.
Few of the 10.000 applicants for cards
of admission to the courtroom were able
to get them, and these largely were law
yers, "Witnesses and reporters. After the
Clerk of the Court had read all of Herr
Harden's articles on the subject, the de
fendant rose and said:
"I have followed political alms alone
In my articles, and in so doing have been
C T
ER
'ss.si..sss. ...... . . . . ...... ....... ........ ..........
"VERE ISH DOT TAM TOG ? " .
a....................................... ........................................
$ ,THE ROOSEVELT POLICIES, t
From the Address of the President
at Nashville. Tenn. Oct. 22, 10OT.
My policies can be summed
up in one brief sentence:
They represent the . effort to
punish successful dishonesty.
I doubt if these policies have
had any material effect In
bringing about the present
trouble, but. If they have, it
will not alter in the slightest
degree my determination that
for the remaining IS months
of my term they shall be per
severed in unswervingly.
All I did was to turn on the
light. I am responsible for
turning on the light, but I am
. not responsible for what the
light showed.
, I will permit neither the
demagogue on one side nor the
reactionary on the other to
drive me away from the policy
which I regard as most vital
for the well-being of this Na
tion. v I will protect the honest
' man of wealth to the extent of
my ability, and in no way can
I ultimately protect the honest
man of wealth so effectively
as by doing everything in my
. power to bring to Justice his
dishonest brother of wealth."
T
!
compelled to mention Count von Moltke's
name. I did not say he had practiced
disgraceful' vices, but said that he was
abnormal In temperament."
Harden said he had never written a
word more than was necessary. x,k
Count von Maltke said that Buch a
circle as the "round table," which the
defendant alleged had sought to influ
ence Emperor William's political actions
and often his constitutional adylBers, had
never existed and could not exist in the
entourage of the Emperor. The Count
added that his old friendship with
Prince zu Eulenberg was. wholly without
ulterior significance. '
Herr Harden's counsel, Herr Bernstein,
asked- Von Moltke if he had not heard
disgraceful reports about M. Le Comte,
the First Secretary ;of the French Em
bassy, who was transferred in June, and
the plaintiff replied:
"I did hear them, but I did not believe
them, I met Le Comte many years ago
at Starnburger, a watering-place in upper
Bavaria, and I saw him once or twice
with Prince zu Eulenberg."
Called Zu Eulenberg "My Soul."
' Herr Harden asked the. plaintf about
the cause of his divorce from his wife,
Frau von E3be, and said he had heard
thinga about the plaintiff five years ago,
which, if he had told of them, would have
caused the Count's uniform to be torn
from him, but he had kept silent.
Continuing, Herr Harden declined to
withdraw anything he had written, but
admitted frankly that be had twice been
imprisoned for Insults to the sovereign,
each time fox six months, . and that he
also had been fined several times for the
same offense.
Ex-Wife Confirms Story. ' '
Frau von Elbe, the divorced wife of
Count von. Moltke. testified to the gross
epithets that her former husband had ap
plied to married life. She then de
scribed the handkerchief Incident, which
(Concluded on Page 5.)
VERE ISH DOT TAM TOG?"
L0NEH1GHWAYMAN
SHOOTS
ENGINEER
Harry M. Logan, Victim
of Footpad,
FOURTH-STREET BRIDGE SCENE
Ordered to Hold Up Hands, He
Resists and Is Shot Twice.
GOING TOWARD HIS HOME
As Soon as He Steps on Bridge Thug
Accosta Him Patrolman Ander
son Sees Shooting, but Can
not Catch the Assailant.
Harry M. Logan, a railroad engineer, re
siding with his. family at t-6 Third street,
was shot and fatally wounded about 1
o'clock this morning on the Fourth-street
bridge, by a lone highwayman.
The thug had" ordered Logan to throw
up his hands, end the engineer" in reply
made a swing at him. The hold-up man
then turned and shot Logan, one bullet
striking him above the heart and the
other in the elbow.
Logan, barely able to walk, tottered to
a near-by saloon, and, falling through
tho door, muttered:
"I'm shot."
Patrolman Anderson, who was about
a hundred feet south of the bridge, saw
the flash of the revolver, and ran to
the aid of the Injured man. Seeing
that Logan was badly wounded, he
gave up the idea of pursuing the ban
dit, and turned his attention to -the
victim.
The patrol wagon . was called and
Logan was removed to the Good Sa
maritan Hospital, where his wounds
were dressed.
Was on His Way Home.
-..Logan, had just,, left, the Bridge sa
loon at 643 First street, and was on
his way home at the time of the as
saultt He had traveled no more than
100 feet when approached by the thug.
In a dying statement made to an
Oregonlan representative-- last night,
Logan said:
"I had Just stepped out on the
bridge, when a masked man stepped
up to me and said:
v Throw up your hands'.'
"I hit at him with my right hand,
and then he fired. All that I know is
that I ran to Ragnol'B saloon, and
called for help. I could not describe
the man." -
Patrolman Anderson was an eye
witness to the whole occurrence. He
was traveling his beat, and noticed
Logan start across the bridge. Then
of a sudden the two shots rang out,
and' the policeman saw the victim
Btaggerlng toward him. Ander
son ran after the thug, but It
is supposed that he dropped over
the rail, about twenty feet, to
soft ground below. Once in the gulch,
escape was easy.
Anderson then turned his attention to
the victim, telephoned for the patrol
wagon, and did whatever was possible
to relieve the poor man's sufferings.
Search by Police Begins.
John DeMarko, who was in the saloon
at the time of the murder, saw Logan
totter and fall In the doorway. He ran
to his assistance, but was able to do
nothing to relieve hlro.
Patrol Sergeant John Wendorf . went
out in the wagon, and immediately began
a search of tne neighborhood for the mur
derer. Up to an early 'hour this morn
ing he was unable to discover any trace
of the criminal. All the officers of tho
second relief were notified of the crime
and a systematic, search was begun. It
Is the opinion of police officials that the
perpetrator of this murder is the same
lone highwayman who for so long has
had the city at his mercy.
Extent of the Injuries.
Logan's Injuries are considered nec
essarily fatal, both of the shots fired
f AO v - f
ttufcw sllfiiniy inn mining i visr'Miwrrirtfr" r flii imjK
George B. Cortelyou. Secretary of the
Treasury,- Who Haa Come to the
Belief of Distressed New York
Banks.
by the highwayman taking effect. One
bullet entered the left breast Just
above the heart and Is beli,eved to have
severed the large arteries, for the in
jured man bled freely. , ,
The other bullet passed through the
left elbow, badly splintering and man
gling the bones and ligaments of "the
arm. - The supposition - is that this
wound was received first when Logan
resisted the commands of the robber
Further resistance was overcome with
the deadly wound in 'the breast. As
soon as he reaohed the hospital, Logan
was placed on tho operating table, and
Dr. L. G. Ross began work in the at
tempt to save his life.
Leaves Wife and Children.
Logan was a member of the Masonic
fraternity and was 40 years old. He came
to Portland from Pocatello. Idaho, and
had letters from the trainmaster of the
Oregon Short Line at that place in which
his efficiency and faithfulness as a rail
road man were mentioned: He lived at
666 Third street with his family. He
leaves a wife and two children.
Bridge a Lonely Place.
The spot where the highwayman at
tempted to rob Logan is. a lonely foot
bridge that spans Marquam Gulch on
Fourth street. The footpath follows the
railroad trestle there that carries the
Southern Pacific's West Side division
across the gulch.
The walk is narrow, with railings' on
each side, and Is very dark, there being
no lights, on the bridge.
After firing the two shots, which were
heard by people living near the spot, tho
footpad had an excellent opportunity to
make hlB escape in the darkness. Offi
cers searched the locality and beat the
brush under the bridge, ijulded by the
light oi lanterns, but no trace of the as
sailant was found
WILL BE POUNDED TO BITS
STEAMER CHRISTINA CANXOT
' BE SAVED.
Will Go to Pieces In First Storm.
Heavy Cargo Total Loss, as
Position Is Inaccessible.
CRESCENT CITY, Cal.. Oct. 23. The
stranded British steamer Queen Chris
tina lies in the same position she took
when she ran aground last week. The
Bea continues running smooth and the
upper deck has been dry ever since
the accident.
It Is the 'opinion of local seafaring
men that the first heavy storm will
ound the vessel to pieces. There is
no chance to salvage the heavy ar
ticles aboard from seaward, as It Is
too late in the season and because
there are too many sunken rocks
around the steamer. A cable may be
run to the shore and by this means
thousands of dollars' worth of goods
saved.
JAPANESE . SHIP WRECKED
Loss of $7 00,000 on Kokwo Mara,
Stranded by Storm. .
TOKIO, Oct. 23. A dispatch from
Mojl reports that the Japanese freight
steamer Kokwo Maru, from Hongkong
to Yokohama, went ashore In a storm
off Rishma and Is a complete wreck.
The crew was rescued In a lifeboat.
The loss on the ship and cargo la
1700,000.
EMPRESS OF CHINA
SINKS AT HER DOCK
Sea Cocks Opened, She
Rapidly Fills.
RESTING ON A MUD BOTTOM
No Reason Can Be Assigned
for the Accident.
CREW LEAVES HER IN TIME
Water In Hold Discovered by Stew
ard All Hands Man Pumps, but
Too Late Problem of Right-
Jng Het Is a Serious One.
VANCOUVER, B. C. Oct. -(Special.)
The Canadian Pacific Railway
Company's crack Oriental liner. Empress
of China, sank this evening alongside
her dock In this port. Her seacocks
must have been opened, but how, no one
can explain.
Her main deck on the port side la
awash with several feat of water. She
sank and keelea over on her port side,
so that the main deck Is now at an an
gle of about 45 degrees. Her engines and
dynamos are entirely under water. She
Is resting on a mud bottom, but the
problem in saving her will be that of
righting the vessel and preventing her
from completely turning turtle.
Water Noticed at 6 o'clock.
Just after G o'clock this evening th
steward noticed that the water was com
ing in over, a lower deck. All day the
liner had been loading flour. 500 or 600
tons of which Is now being slowly turned
into paste in the watery hold. Instantly
the steward gave the alarm. Officers at
dinner hurried to their stations as the
big vessel began to list. All hands man
ned the pumps, but It was too late to
save her from sinking, and soon every
person was ordered ashore.
She continued to list and ' sink,' and
by g o'clock her port stern was restihg
on the bottom of the harbor. The tops
of her masts, leaning over the wharf,
extend to the gables of the big' freight
sheds.
Just before 8 o'clock the engineers In
charge of the dynamos left their posts
and came ashore. All lights were turned
off and the fog was very thick. The only
light aboard at 9 was a lantern hanging
over her stern. She sank at nearly high
tide, and the starboard side of the main
deck is still about 10 feet above tha
water.
Booked to Sail on Thursday.
The steamer Is valued approximately
(Concluded on Page 3.)
CONTENTS TODAY'S PAPER
The Weather.
TESTERDAT'S Maximum temperature, 03
degrees; minimum, 30.
TODAY'S Probably fair; northerly winds.
Foreign
Sensational evidence at Von Moltke libel
suit In Berlin. Tare 1
Iomcfitlc. "
Cortelyou. Rockefeller and Morgan come to
defense of New Tork banka and "tock
market. Page 1.
Trust Company of North America stands
run all day. Pane 1
Westlng-noune Company's and Trust Com
pany at Pittsburg; In receiver's hands.
Page 2. -
State Bank A Trust Company of Nevada
closes because of Sullivan Trust Com
pany loans. Page 2.
Civic Federation discusses trusts. Pace 4.
Nasty scandal In New York. Page 4.
Horrible story of sickness and poverty.
Page 4.
Pacific Const.
Shoot In ; affray among- Austrian In Beattla
saloon results fatally. Page 5.
Southern Pacific says no car shortage, but
statement disproved. Page 6.
Alaska cannerymen want Chinese labor ad
mitted under heavy bond. Page 12.
Steamer Empress of China sinks at dock in
Vancouver. Page 1.
Steamer Queen Christina and cargo hope
less loss. Page 1.
Notional.
Senator Ileyburn's plans for Congress,
Page 6.
Only Roosevelt can prevent Vancouver
troops from going to San Francisco.
Page 4.
Law about states inducing Immigration.
Page
Sport.
German balloon Pommern wins balloon,
race; Isle de France second. Page 8.
Portland defeats Oakland. Page 7-
East side High and Columbia play another
tie game. Page 7.
Commercial and Marine.
Oregon onion market is booming. Page IT.
Bulls la control of Chicago wheat market.
Page 17.
Feverish day In stock market ends with
rally In prices, page 17.
Csar may prohibit export of grain from
Russia. Page 16.
Portland and Vicinity.
Harry W. Logan, engineer, shot by hold-up
man on Fourth-street bridge. Pago X.
James D. Frainey. retired contractor, killed
by streetcar. Page 9.
Police force contribute to Rose Festival.
Page 10.
Senator Borah to speak on river Improve
ment. Page 13.
Over 100 property-owners aMc .Equalization
Board to lower assessment. Vage 10.
Council petitioned to stop the building of
. high billboards. Page 10.
Inman-Poulsen Lumber Company offer land
to oly in exchange for streets Illegally
held. Page 11.
Virknown interests seek option op United
Railways property. Page 11.
River steamer Teal burna with loss of two
Uvea. Page 10.