VOL. XLVI NO- 14,629.
PORTLAND, OREGON, MONDAY, OCTOBER 28, 1907.
PRICE FIVE CENTS.
sown
INCH
WORLD
Belief General Danger
Point is Past. "
WHOLE COUNTRY OPTIMISTIC
Bankers See Only Good in
Wall-Street Shakeup.
SOUNDER BASIS IN FUTURE
elimination of 'Wildcat Factors
Will Have Healthful Effect.
Trust Companies to Be Reor
ganized for Publlo Safety.
MTtJAXTOJC IX MONEY CENTERS.
Louisville Bankars resort to no
unusual remedies.
St. Louis Bankara ssa bright out
look. Philadelphia, Conditions prac
tically normal.
Denver Banks did not feel Wall
street temblor.
Cleveland Banka have plenty of
money; depoaltora confident.
San Francisco Absolute confidence
among bankers.
Salt Lake Fear no local disturb
ances. Indianapolis Conditions most en
couraging. Cincinnati Solid as ' Gibraltar.
Reno Closed banks will reopen
today.
NEW YORK, Oct. 27. The chaotio conditions-
which existed at one time last
week in New York had entered upon Im
provement before the week ended, and
confidence waa growing that the worst
had been seen. A man was found who
could ride In the whirlwind and disregard
the storm and by common consent the
leaders in the financial world subordi
nated their actions to the guidance of J.
Plerpont Morgan. With affairs thus sub
mitted to the direction of a central Intel
ligence much was already gained for a
readjustment.
The position began to. define Itself as
the dissolving elements in a solution are
made to crystqllze around a center. The
situation that began to emerge was found
not so hopeless as bad been feared, the
prevalent features Indeed having risen to
the stage of unreason and hysteria among
depositors in the institutions which were
subjected to runs. However lacking In
reason, the condition . thus precipitated
was sufficiently serious, and indications
of this were striking and often sensa
tional. The pressure on credits, even in
the expanded condition to which they had
attained, had beoome severe, every baro
meter having reflected this for many
months past.
Cortelyou Into the Breach.
The events in New York resulted In
drawing down deposits of banks, thus
diminishing the very basis of the volume
of credits. The consequence was a
violent constriction of credits which
proved a blight on values where It
touched. The task confronting the finan
cial generals in New York waa to limit
as far as possible the field of operation
of these constrictions of credit. The Sec
retary of the Treasury came into co
operation with the great capitalists of
the country to, supply reserves for meet
ing the crisis. The requirement was a
heavy one, owing to the contagious na
ture of the financial fright, and the
general movement which followed among
banking institutions which fartlfy them
selves even. beyond their needs. Millions
of ready money had to be thrown Into
the vaults of the trust companies which
were sustaining a run, while demands
were made on the banks by other trust
companies which had funds on deposit
with the banks.
As the great depository center of the
country. New York banks are subject
to similar demands from all over the
country during a period of threatened
money conditions. The consequence
was that credit In certain departments
of the money market was practically
paralysed. This was true of opera
tions In the stock market, where a con
dition of deadlock had developed by
Thursday, which waa only broken by
the offering of 25,000,000 on call when
the traders were In greatest need of it.
Ousting the Wildcat.
It is not expected that affairs will
subside immediately into) placidity af
ter so violent an ' upheaval. The lop
ping off of offending members of the
financial body has made wide progress,
and the removal of a threatening fac
tor in the New York banking situation
is viewed with great satisfaction by all
friends of solidity and safety In bank
ing. Even great gratification is felt
over the 'opening of the way to reform
New York trust company situations.
Orderly co-operation and mutual as
sistance among these powerful Institu
tions are In themselves Important
achievements, and notable additions to
the fortifying of the whole financial
fabric These measures have sprung
up full-grown out of the week's situ
ation. Provision for systematic infor
mation of the actual condition of fhe
trust companies and periodical reports
of this to their own central authority
In the manner of the clearing-house
committee among the casks, are safe
guards that every banker in the ooun
try will regard with satisfaction.
The close of the week found confi
dence maintained in the efficiency of
the measures adopted. The Saturday
bank statement, while reporting a
small deficit below the legal reserve
requirements, exhibited no such deple
tion of available banking resources as
would threaten a present paralysis.
The inauguration of gold Imports from
London is regarded as certain to have
an important effect on relaxation of the
strain. The authority granted the
clearing-house on Saturday to issue
clearing-house certificates Is regarded
as completing the -assurance of ade
quate resources to meet the occasion.
The level of prices of securities Is
serving to attract a demand for sub
stantial proportions for foreign ac
count, and it is evident that some of
the deposits withdrawn are going into
the purchase of securities on a cash
I -!
f 'ft
Tom Km John sod. Democratic Nom
inee for Mayor of Cleveland.
basis. The week closed with a gen
eral accession of confidence and hope
fulness. IS
SAYS NOW IS THE TIME TO IN
VEST IN SECURITIES.
The Present Opportunity Will Not
Knock at One's Door Again.
Money Will Soon Be Easy.
NEW YORK, Oct. 27. (Special.) "This
is the time for the man with a little
money to Invest It in good securities.
The opportunity is fleeting and I doubt
If it will ever knock at his door again."
So said Edward H. Harriman this even
ing to a reporter who asked him to ex
press an opinion on the financial situa
tion and the outlook.
"It would be selfish of me," said the
financier, "to remain silent at this time,
if any word from me would tend to aid in
clearing up present conditions and In
helping the anxious- depositors , in the
banks and trust companies to see things
In the light in which they should be seen.
I think the situation is better now than
it has been at any moment of the last
two weeks. '
"The importation of gold is going to re
lieve the money stringency materially,
but I think that the Treasury ought to
deposit more gold in the banks in order
to facilitate the Importation which has
been planned. The securities necessary
to safeguard Treasury deposits are In
existence and upon their presentation the
Government should act immediately.
While the gold is on the other side and
In transit it is impossible for shippers to
sell their bills here. .Consequently Treas
ury deposits would fill in and enable the
shippers to realize on their good paper
credits.
"The demands of the manufacturing
and commercial elements are going to
shrink shortly, and in my opinion, be
fore the next 60 or 90 days, money will
be easier than for years. Those who
have been withdrawing their deposits
from the banks and trusts will then be
as eager to get it back as they have
been to take It out.
"Let me tell you again that this Is
the time for a man with ,a little money
to Invest it in good securities. The
opportunity is fleeting, and I doubt if
It will ever knock at his door again.
Good securities have never been so
low. The man and woman with sav
ings of a few hundred dollars have
never had such a chance to better
themselves or use their mite to the
advantage which now exists.
"My reason for saying this is based on
the .underlying conditions. Everything is
sound because of our having had such a
surplus of crops, and this year this is
true, not so much in quantity, as in
value.
"I am optimistic The tide of recent
disturbances has begun to drop. All that
Is needed to hasten the descent is .more
gold, and that to be used principally in
the scheme of buying shippers' bills and
thus enabling the movement of the idle
grain and cotton crop."
CHECK DRAIN ON THE BANKS
Twin Cities and Duluth Take Pre
cautionary Measures.
ST. PAUL. Minn., Oct 27. Repre
sentatives of the banks of St Paul,
Minneapolis and Duluth this afternoon
agreed to discontinue the payment of
money on checks, certificates of de
posit or drafts except for small sums,
and that for the present no money
should be furnished .to bank corre
spondents. It was agreed, however,
that the banks should certify checks
on balances in their hands, payable
through the clearing-houses only. The
savings banks and trust companies will
require the 00 and 90-day notices. The
payment of checks and drafts through
the clearing-house will proceed In the
usual way.
A statement was Issued after the
meeting that the action as outlined
waa taken for the purpose of protect
ing commercial Interests, and for pre
venting a drain on the banks. It was
(Concluded on Pace
SQUEEZE COSTLY
TO
Four Billions in Water
Wrung From Stocks.
WALL STREET 'VALUES' TUMBLE
Railroad Securities and Steel
Stocks Hardest Hit.
WHAT IT COST GAMBLERS
Shrinkage Since January 1 Over
Billion Dollars In Excess of
Country's Circulation Some
Interesting Figures.
NEW YORK, Oct. 27. (Special.) The
stocks and bonds listed on the New York
Exchanges are nominally worth about
$4,000,000,000 less now than they were on
January 1. last This figure represents
the shrinkage In values caused by last
week's money squeeze In Wall Street,
which followed a long period of declining
prices.
The shrinkage of security values is
nearly $900,000,000 more than the stock of
money in the United States and is near
ly $1,200,000,000 more than the amount
in circulation. The total amount of
money In the United States October 1,
1907, was $3,134,688,449. The amount of
money held In the United States Treasury
on that date was $328,834,075, leaving $2,806,
864,374 in circulation, or about $33.50 per
capita. The shrinkage of $4,000,000,000 in
these stock values. If borne equally by
every inhabitant of this republic, would
mean a loss of about $45.60 per capita.
Some of the Shrinkage.
A study of the table given below will
show that the railroad stocks, as a class,
have been the greatest sufferers by the
decline in security values. The 20 lead
ing railroads have, since the opening of
the year, lost nearly $1,000,000,000 in value.
Twenty of the leading miscellaneous In
dustrials and tractions in the same period
suffered a depreciation of $300,000,000 while
a selection of 23 steel and railroad equip
ment stocks show a shrinkage of $450,
000,000. Forty-four of the principal cop
per stocks have lost $600,000,000 of their
nominal value. On the miscellaneous
stocks and bonds listed, the shrinkage has
been approximately $1,760,000,000.
In the table below, the" approximate
loss In value of the leading railroad and
industrial stocks of the country is shown:
Railroad Stocks.
High. Oot. 2,
Shrinkage.
$ 32.OO0.O00
31.000.000
14.500.000
66.500.00O
9,500.000
23,000.000
47.700.OOO
23.000,000
6.000.000
40.000.000
68.000.000
18.300,000
6.000.000
S8.000.000
20.000.000
10.000,000
10,000.000
28.600.000
12.500,000
6.000.000
110,000,000
4.300.000
41,000,000
80.000.000
1.400.000
1.500,000
2.225.00O
2.175. 0OO
29.000.OOO
1.700,000
11,950,000
1.6.TO.00O
81.500.OOV
9.730.0OO
Atlantic Coast Una. 133
61(4
85(4
89
75
Atchison 108(4
Atchison, pfd 101
Baltimore It Ohio.. .122
Bait. & Ohio, pfd... 94 A
Brook. Rapid Tran. 83
S3
Cenadlan Pacific ...105(4 156(4
Chesapeake & Ohio., fits .28(4
Chicago Great West. 18 T5
C. M. & St. Paul.. 15714 103(4
Chicago 4 N. W 205 131(4
C. C. C. & St. L-. .. V2 51(4
Colorado A Southern 38 18(4
Delaware & Hudson. 227 (4 128 (s
Dela., Lack & West. 510
390
D. & K. 0 42 54
18
5714
18
89
D. & K. O. Did 83
Erie 44(4
Erie, 1st ofd 75
Erie, 2d ntd 67
28
Gt. Northern pd....l80 111
Hocking Valley 114 74
Illinois central ....172
lnterboro Metro p. ..89
Iowa Central 28 T4
Iowa Central, pfd.. 51
K. C Southern ..j. 30
K. C. South, pfd 61
L. & N H5(,
Minn. & St. Louis. .. 59
M., K. & T. .... 44 H
M-. K. & T. pfd 72 i
Missouri Pacific 92 V
M.. St. P. & S. S. M. 140(4
M-. St. P. & S. S. M.
117
iW
83
23
50
95
30
25
56
51 '
67
Pfd 198
N. Y. Central 18414
113
99 if.
28
8,650,000
61.000,000
11.000,000
17.5O0.00O
3. 50O. OOO
75.000.000
4,200,000
80.000.000
40,000.000
4.300,000
9.000.000
13.000,000
12.000.000
' 8,000.000
62.750,000
5.250.O0O
26.000.000
Sl.000.O0O
6.250.000
1. 600.000
1. 800.000
187.500,000
. 16.250.000
4.700.0OO
10.000,000
2,000,000
2.250.0OO
2.123. OOO
. x.. Ontario & W. 48
Norfolk & West 92 4
Norfolk 4 W. Dfd... 90(4
61
TO
Northern Pacific ...162(4 10514
x-acinc Aiaii 41(4 zo
Pennsylvania . ....141 114
nwuinj 1B(4
Reading. 1st pfd. . . 92
Reading, 2d pfd 94
Rock Island 30(4
Rock Island, pfd.... 64(4
St. L. & S. F. 2d pfd 48
Southern Pacific .... 96
Southern Pac, pfd. .118
Southern Railway ... 84,
Southern Ry., pfd... "94(4
Texas & Pacific 37
Toledo, St. L. W. . 83
T.. St. L. & W., pfd. 58
Union pacific 183
Union Pacific, pfd... 96
Wabash . . is (4
Wabash, pfd. 88(4
Wheeling & U E... 18
Wisconsin Central .. 25 "4
Wisconsin Cen.. pfd. 51(4
78 ft
76
70
14
84
2814
68
103
12
41
18
19
31
109
73
9
14
6
11
30
Industrial Stocks.
Amalgamated Cop.. 121
Am. Cotton Oil 36
Am. Cotton Oil, pfd. 90
American Ice 88
American Linseed... 19
Amer. Locomotive.. 75
Am. Loco., pfd 111
American Smelting. 156
Amer. Smelting, pfd.117
American Sugar ...137
Amer. Tobacco, pfd. 98
Anaconda 75
Central Leather .... 40
Cent. Leather, pfd.. .102
Colo. Fuel & Iron 57
Consolidated Gas ...140
Corn Products 24
Corn Products, pfd. 8t
Distillers 78
General Eleotrle . . . 163
International Paper. 18
Inter. Paper, pfd. . . 81
National Lead 76
People's Gas 98
Pressed Steel Car. .. 57
Pressed 8. C pfd... 99
Pullman liH
Repub. Iron Steel.. 41
Rep. I. & S.. pfd 100
Sloss-Shef field 77
Tenn. Coal A Iron.; 162
U. 8. Rubber 52
U. S. Rub., 1st pfd.. 109
U. S. Steel 50
V. S. Steel, pfd 107
Westlnghouse 154
Western Union .... 80
FINANCE
49 1OT.300.O0O
24 2.400.000
45 5.100.000
13 14.250.00O
8 1.80O.O00
87 8.000.000
87 5.000.000
69 45.000.000
85 16,400,000
101 49.000,000
63 22.750.0OO
31 68.5O0.O0O
13 10.000.000
76 7,750.000
15 14.500.000
81 44.500,000
8. 7,400,000
48 8.250,000
40 10,000.000
108 85.000.000
9 1,400.000
63 3,750,000
37 8.020.000
73 6,500.000
18 4.875.000
70 3,000.000
135 84.O0O.00O
14 7.O00.000
54 8.750,000
30 4,500.000
134 7,000.000
13 8.125.00O
70 12.500.000
23 141.000,000
83 91.750.000
47 18.800.0OO
67 17.500.OOO
All's Well In Bay City.
SAN FRANCISCO, Oct 27. The open-
Ling of a new week finds absolute confl-
dence among the bankers of this city
that there will be no local financial em
barrassment, for the reason that the
banks are not borrowers. Local finan
ciers also feel that the crisis in New York
has passed.
SALT IAK2 BANKS ARE SOLID
Publlo Feels No Uneasiness Over
Financial Situation.
SALT LAKE, Oct. 27. Bankers, busi
ness men and the public In Salt Lake en
ter the present week without fear of
local financial disturbances. Each bank
in Salt Lake doubled Its reserve with the
first uneasiness in the money situation
several months ago. This policy had the
effect of allaying any apprehension that
might otherwise have been caused by the
disturbances in the East. There has been
no unusual drawing of deposits and no
hesitation about intrusting money to the
banks. The mining exchange, one of the
best financial barometers, showed signs
of recovery at Saturday's calls. The de
pression in the value of all securities has
tightened the money market and interest
Is higher than usual. Call money went
at 7 per cent during the week, and time
loans were as high as 10 per cent
Louisville Is Unshaken.
LOUISVILLE, Ky., Oct. 27. The local
financial situation Is not giving bank
ers or business men of Louisville any
uneasiness. Conditions in New York
are not regarded as dangerous to the
well-being of the country at large.
Prominent bankers interviewed today
expressed the conviction that the dan
ger period for the New York banks has
been tided over. No recourse to un
usual remedies was had by Louisville
banks, nor Is any expected.
VOTE WILL BE VERY HEAVY
GREAT INTEREST IN CLEVE
LAND MAYORALTY CONTEST.
Registration Is Record Smasher and
Both Burton and Johnson See
Victory in Sight. .
CLEVELAND, O.. Oct. 27. With only
one week . coming for active work in
the campaign, the Cleveland Mayoralty
contest is overshadowing everything else
In point of interest in connection with
the election with a record-breaking regis
tration. It has been a matter of surprise
to political leaders generally, and election
experts are now kept busy trying to
analyze its meaning and probable effect
on the interest respectively of Mayor
Tom L. Johnson, who Is seeking a fourth
term, and of Congressman Theodore B.
Burton, Republican nominee.
The registration has reached a total of
93,000, which is nearjy .30,000 lij.. excess of
the normal vote in city elections. The
predictions being made b? political
leaders as to the result of the election
vary according to the political feelings of
those making them. Republican poli
ticians axe sanguine that the big regis
tration augurs that Republicans hitherto
out of line with their party locally, who
did not vote at all, are back In line and
ready to vote., They point to the fact
that the biggest increase In registration
has been in the heavy Republican wards.
Mayor Johnson and his assistants, how
ever, are equally sanguine that the In
creased Interest In municipal affairs as
shown by the big registration 1 due to
bis position on the question of lower
streetcar fares.
Increase Railway Ratea.
MEXICO CITY, Oct 27. It waa au
thoritatively stated today that a gen
eral Increase in the railway rates of
the country would go Into effect In the
near future.
CONTENTS TODAY'S PAPER
The Weather.
YESTERDAY'S Maximum temperature 65
degrees; minimum temperature, 50 de
grees. TODAY'S Cloudy, with occasional rain;
outhwest winds.
Financial Situation.
Confidence dispels gloom In financial world.
Pag 1.
Four billions In water wrung; from Wall
street "securities." Pace 1-
Largo cities all report sound financial con
ditions. Page 1.
Foreign. t
Japan will restrict emigration to America.
Page 2.
Russian elections show conserratWe major
lty in Duma. Page 2.
National.
President proposes to create rank of Vice
Admiral for Bvans. Page 2.
River and. ba-rbore committee favors liberal
policy in appropriations. Page 2.
Domestic.
Striking telegraphers resume picketing; end
is In sight. Page 2.
Cleveland Mayoralty contest brings out record-breaking
registration. Page 1.
One killed and many Injured In wreck near
Dallas, Tex. Page 1.
Sports
Beavers lose two games to Commuter.
Page 0.
Pacific Coast.
Home rule impracticable for Alaska. Page 1.
Oregon City becoming very much stirred up
ever approaching elections. Page 2.
One killed and four Injured by upsetting of
Roseburg stage. Page 6.
Fine automobile road planned to beach.
Page 6-
Portland and Vicinity.
Portland takes elaborate precautions against
plague. Page 4.
City Jail a dlegrace to Portland, eays Rev.
J. I. Corby. Page 18.
Ben J. I.- Cohen telle of panic la the East.
Page 8.
Hundreds attend James D. Ftalney funeral.
Page T.
Rev. H. C. Shaffer advise East Side people
to demand municipal improvements. Page
13.
Steamer Redondo to go on run to Coos Bay.
Page 9.
Gasoline launches to be forced to comply with
Inspection laws. Page 8.
Benjamin Fay Mills lectures on why he
changed his religious opinions. Page 18.
Pendleton will send a band of Umatilla In
dians to next June's Rose Festival. Page
1.
Captain I. D. Mahone speaks to T. M. C. A.
on America's commanding position. Page
8. . . .
Four arrests made for disposing of liquor on
Sunday. Page 9.
R. L Catee, prominent real estate dealer,
dies at HlllaWo. Page 14.
VIOLENT DEATHS
ON THE INCREASE
Statistics In Chicago
Ar&Alarming.
IS6I KILLED IN NINE MONTHS
Percentage in 1907 in Each
100,000 Population 322.
SUICIDES HEAD THE LIST
Streetcars Maimed Nearly Twice as
Many Persons as Any Other
Agency Ten Deaths and 180
Injuries From Automobiles.
CHICAGO, Oct 27. (Special.) This
has been a year of violent deaths and
accidents In Chicago, according to fig
ures which have been compiled for the
first nine months of 1907 by City Statis
tician Hugo Orosser.
From the records of the last three
years, Mr. Grosser has discovered that
accidents from various ' causes are
steadily on the Increase, and that the
percentage for 1907 is far larger than
for the two previous years. His re
port was based on police returns, which
differ . slightly from the record kept
by tho Health Department, and for this
reason it Is not as accurate as it
should be.
The table prepared by the city statls
ticlan shows that 805 persons have
been killed and 7434 Injured by accl
dents for the first nine months of the
present year. There have been 284
deaths by suicide. '
Health Board b Total 1661.
"The reports of the police depart
ment are not complete," says Mr.
Grosser, "for the reports of the Health
Department, showing the cause of
death, the number of those dying by
violence and suicide, makes the num
ber not less than 1661." ''...
A table showing the different causes
of violont deaths and Injuries Is as fol
lows:
Tsaths. Injured.
rcrsDnai Tioienca ......
Drowned 108
Suicide 284
Streetcara 106 2481
Railroads 196 625
Elevated railroads 9 28
Teams and wagons 48 ' 984
Automobiles lo 180
Falls from scanTolrIns;, eto. .. 136 1464
Various causes 800 1800
Increase Is Astounding.
According to the police report, the
number of violent deaths was 1299.
That is below the record of the Health
Department and shows, according to
the city statistician, .that the police did
not follow up many cases of accidents
to see whether death resulted or not
Mr. Grosser shows that the percentage
of accidental deaths In 1905 was 27 in
each 103,000 population. In 1908 It was
29, and In 1907 It had grown to S22.
Seventy-eight persons were killed In
1905 by streetcars and 98 persons were
killed and 2160 Injured In 1906. These
figures are much smaller than the ree
ords for 1907. Sixty-eight persons
were killed by being run over or struck
by cars this year, and S42 were in
Jured. Eighteen were killed In leaving
or boarding cars and 671 were injured.
Many Killed While at Work.
Persons who met death , by various
causes, such as In collapse of build
ings, elevator accidents, explosions, ac
cidental shooting, overcome by gas
etc., number S09,
Twenty-four persons were killed and
114 Injured by machinery and 36 were
killed and 445. Injured from other
causes while at work. Gas killed 83
persons and Injured 94.
MURDER IN COLD BLOOD
MAX SHOT IX HOWBOAT BY AX
tXSEEX FOE.
Roy Adams, of Plymouth, IToods
Canal, the Victim Posse Scour
Ing Woods Bent on Vengeance.
SEATTLE, "Wash., Oct 27. (Special.)
A special to the Morning Times from Ply
mouth. Hoods Canal, tonight says:
"What appears to be one of the most
cold-blooded crimes In the history of this
place ocourred this afternoon when Roy
Adams was shot and killed as he was
rowing across the bay to Inspect some
recently purchased property. At first It
was thought that Adams was the victim
of a hunter, but the disappearance of the
person who fired the shot leads many to
believe that murder was done. The mys
tery still lacks solution.
Led by "W. A. Kemmer, a posse of de
termined men is scouring - the woods,
bent upon dealing out summary vengeance
to the alleged murderer,
Adams was killed shorly after 3 o'clock.
He was seen to enter a rowboat He
started to row to the opposite shore,
when a shot rang out and he tumbled to
the bottom of the rowboat He was dead
when the boat was taken ashore. As
far as known the person who fired the
shot was not seen. A careful search
along the shore was made but no trace of
him was found.
It was then that citizens became con
vinced that Adams was murdered. Adams
was popular In Plymouth. He leaves a
widow and five children. His widow is
prostrated with grief. Adams' relatives
reside at Richmond Beach. They have
been notified of his death.
DIES
DRAMATIC DEATH
On First Visit to Civilization In 25
Years Death Claims Him.
VANCOUVER, B. C, Oct 27. (Spa
da.) John K. Barber, a,ged 84. a
wealthy gold miner who went to Carl
boo in 1849, died to night under dra
matic circumstances.
Though reputed to be worth half a
million dollars, chiefly In yellow dust
the feeble old man had stayed In Cari
boo almost continuously for over 50
years, directing the operation of his
placer property.
He arrived today, paying his first
visit to civilization In 25 years.
An hour later he took his first ride
In the first electric streetcar he had
Theodore E. Burton, Republican
Nominee for Mayor of Cleveland.
ever seen. He had Just returned to his
hotel for dinner when he stumbled and
fell dead.
VICTIM OF KATY WRECK
FIR EM AX KILLED IX COLLISIOX
OF EXCURSIOX TRAIX.
Loaded With Passengers Going to
State Fair Runa Into Freight
Engine Many Are Injured.
DALLAS, Texas, Oct 17. Missouri.
Kansas & Texas southbound passenger
train No. 207, heavily loaded' with pas
sengers coming to visit the Texas State
Fair, collided with a- freight engine
while running at full speed seven miles
north of Dallas early today.
Fireman F. C. French, of Dennleon,
was Instantly killed, and 40 or more
persons were injured, some of whom it
Is thought cannot recover.
A , relief train bearing the Injured
returned to Dallas this afternoon, and
those most seriously hurt were hurried
to hospitals, while those whose In
juries were of a less serious nature
were attended by the company's sur
geons, who met the train at the depot
Those most seriously Injured are:
T. E. Lusk, Jackson, Mich., serlodsly
injured about back, with internal com
plications, may die.
Samuel Nolen, Royse, Texas, leg
broken in two places.
Adelaide Ray, Dennison, colored. In
ternal Injuries, may not recover.
Bob Slaydon, engineer of the freight
engine, back, head and spine hurt
TIMES TOO GOOD FOR PANIC
Bryan Comments on Situation In
Wall Street.
NEW YORK, Oct. 27. The best way to
prevent a recurrence of the financial con
ditions. In the opinion of William J.
Bryan, would be to provide a guarantee
fund raised by taxing the banks them
selves, which could be used in emergency
to satisfy demands of depositors.
"But the bankers." said Mr. Bryan,
"are the very men who fight such a plan
because they object to the tax.
Mr. Bryan said he thought a general
panic would not result from the present
conditions in New Vork City. He Is not
Inclined to hold President Roosevelt re
sponsible for the present conditions.
"It would bo unfair to hold President
Roosevelt wholly responsible for the sit
uation," said Mr. Bryan. "He should not
be criticised for attacking manifest evils,
but I do not mean to say that he has
been wise in all that he has done. The
local situation looks more like a scare to
me, than anything else," continued Mr.
Bryan.
"Certainly the conditions throughout the
country are not suoh as to warrant a
panicky feeling. All Industries are un
usually prosperous, and prices are ad
vancing. In that respect the conditions
are Just the reverse of what they were in
the panic of 1S93, when prices were fall
ing. Present conditions do not invite a
general panic. I am not prepared to say
how much the scarcity of money has to
do with the situation."
BANK CASHIER SHOT DEAD
Mysterious Murder of Fred A. Boron
of Akron, Ohio.
AKRON. O., Oct. 27. Fred A. Boron,
cashier of the Dollar Savings Bank, and
one of the most prominent men in the
city, was shot and killed In his home
this afternoon. His family was away
and a servant girl returned to the house
shortly after 7:30 o'clock and found him
lying on the floor dead. The Coroner
and the police were summoned immedi
ately and a message was sent to Mrs.
Boron, in Cleveland, asking her to come
home at once. The police suspect foul
play. The directors of the bank state
that his books are In first-class condition.
Back to Washington.
"WASHINGTON, Oct. 27. Secretary of
the Treasury Cortelyou returned here
from New York last night. The Secre
tary was seen at his home today, but
declined to make any statement regard
ing financial conditions, except to say
that he will not i-eturn to New York.
'V ,. I
It J
HOE RULE VERY
EXPENSIVE PLAN
Alaska Presents Ser
ious Drawbacks.
LAND OF TREMENDOUS AREA
County Government Physically
..-. Impossible.
MARSHAL'S HEAVY EXPENSE
That Office Costs Annually Between
$200,000 and $300,000 Taxa.
tlon a Problem Pattern After
Michigan Form Suggested.
8 BATTLE), "Wash., Oct. 27, (Special.)
Territorial government means a variety
of things to the Alaska delegates to the
Republican convention, which meets in
Juneau, on November 14, to elect dele
gates to the Republican National Con
vention. As an abstract proposition it Is an un
disputed fact that 90 per cent of those in
terested in Alaska want home rule. Even
the corporations which fight territorial
government bitterly, want a modified
form of home rule and will join In a fight
for it But the idea of what constitutes
home rule has almost as many variations
as there are advocates for a change.
County government -s a physical and
financial impossibility for Alaska and
three-fourths of those enthusiasts now
waiting in Seattle for the Republican
gathering will admit it. There is not a
student of geography in this country that
does not know hundreds pt square miles
exist in Alaska without human habita
tion. The fact that . it is Impossible to
erect county government In such districts
is manifest
In a broad way, Alaskans have pro
posed that three counties be erected to
correspond with the Judicial districts.
"What such a thing would mean. Is illus
trated by some figures on the costs to the
Federal Government.
Area Too Vast to Comprehend.
The Marshal's office in Nome, for in
stance, costs the Federal Government be
tween $200,000 and $300,000. The Federal
Government, accepting Major Richard
eon's recommendations, spent $300,000 this
year on road building. Of course Alaska,
in various ways of tax-payment, defrayed
some of the expenses these figures In
dicate are necessary In the Northland.
But the taxes levied directly or indirectly
upon the Alaskans do not pay anything
like the cost of county government
Suppose, say sober-minded Alaskans
who are earnestly for territorial govern
ment, that Alaska were to ba set oft as
a territory and several counties erected.
Suppose a felony were committed at
Nome and the guilty man fled to Juneau,'
or Eagle or any other distant place ona
can Imagine. By the way, Valdes is ari
even better illustration. A Sheriff would!
travel for any length of time up to a
month to capture him and when he ar'
rived' might find he had flown again. ' Or
if captured by another Sheriff the bill of
expense' In going after him would ba
tremendous. Alaska ia a country of
magnificent distances and If one spilled
the map of that country over the Atlantlo
Coast he would have to tip up the edges
to find Forida and Maine. To talk about
erecting three counties in that empire Is
like talking about a single Sheriff ruling
the Southeastern part of Oregon. Harney
or' Malheur County looks like a big
piece of the United States, but neither
district would make a precinct in the
proposed county organization of Alaska, '
Pattern After Michigan.
There Is another way of looking at this
territorial government scheme for Alaska
and that is the way the conservative)
men of the Northland regard It They
suggest a modified form of self-government
something similar to that first ao
corded Michigan. The Alaskans want
this difference though: Michigan had a
legislative assembly composed half of
appointees and half of elected dele
gates. Alaska wants elected lawmakers.
In addition Alaska wants the government
to assume the heavier burdens,, such as
the maintenance of the Marshal's office
and of road building. The Federal Gov
ernment In any event would continue to
name Marshals and Judges and Govern
ors, so the conservative Alaskans suggest
that a modified form of territorial gov
ernment be provided whereby a limited
amount of local legislation can be pro
vided by the Legislature and the Fed- '
eral Government cpmpelled to do most of
the law enforcement and law enact
ments. Taxation Will Be an Issue.
The interest of the big mining corpora
tions In the fight against territorial gov
ernment Is illustrated in this: One of the
smallest of the so-called big operators
pays no taxes now. To maintain a terri
torial form of government he would have
to pay from $10,000 to $20,000 a year In
taxes. Then, reconcile this. If you think
you can understand Alaska politics, this
man Is going to help the fight for terri
torial government at Juneau.
Unquestionably the Juneau convention
will demand territorial government. Ir
respective of their various views on ter
ritorial government, everybody In Alaska
Insists an outright demand for full rights
must be made to get any concession. And
as said before, 90 per cent of the people
of Alaska want the Federal Government
to delegate to them some power. As it Is,
they are existing under the crudest laws
ever provided a people.