1
. VOL. XLVI XO. 14.G34.
PORTLAND, OREGON, SATURDAY, NOVEMBER 2, 1907.
PRICE FIVE CENTS.
i
SETTLING DOWN
TO NORMAL BASIS
Money Is Flowing Back
to Strong Banks.
INCOMING STREAM OF GOLD
Lusitania Sails for New York
With $10,000,000.
ALL EAGER. FOR CURRENCY
Each City Husbands Its Own Supply.
Cortelyoa to Deposit Funds In
the South and Help the
Cotton Exports.
TTN AVCIAI. STATUS.
N WW YORK Increased engagements
of gold abroad. Lusitania bringing
$10,000,000. Money returning to
banks. Each city refuses to pay
currency to other cities. Govern
ment to deposit funds In South to
handle cotton crop. National City
Bank to issue $1,000,000 more notes.
WASHINGTON Government Issues
National bank notes under new
rules and has many Inquiries.
PARIS General opinion that crisis
will continue - some time. Money
loaned at moderate rates.
LONDON' Additional ttW.H.OOO in
gold taken from Bank of ETnglana
for shipment to Amerlca.
GR AND ISLAND, Neb. Bank falls
through failure of bank at Chart
ton, la.
PITTSBURG Clearing-Homo decides
to Issue small bank checks for use
In payment of wages, In order to
keep Industrial army at work.
NEW YORK, Nov: 1. The financial
situation gradually clearing today
without showing- any striking; features.
.Runs on the banks and trust companies
are practically over; money, which was
temporarily withdrawn, from baoits vSub
'CjecVto runs, la --flowing' to the stronger
tanks, and '. currency is being provided
' in most cases where the demand tor It Is
considered. legitimate.
Further engagements of gold by Boston
and other points have brought up the
total engagements abroad under the re
cent movement to 26,oo0,000. The Lusi
tania, which sailed from Liverpool today,
has on board about J10,OO0,O0O In gold, one
of the largest single shipments ever made.
Frlces of exchange were firm during the
early rart of the day and did not yield
seriously at any time. The fact that the
Stock Exchange of London and Paris
were closed on account of All-Saints day
prevented any comparison of quotations
on arbitrage operations.
All Grabbing Currency.
Balances with the clearing-house have
settled down to a normal condition, but
there is still something of a blockade In
domestic exchange through the unwilling
ness of New York banks to pay cur
rency on drafts from other cities and the
unwillingness of other cities to pay out
their currency upon drafts from New
York. The condition of affairs indicates
a continued pressure for currency rather
than a breakdown of credits, but reason
able demands are being met for regular
customers of the banks.
The possibility of hastening the export
movement of wheat and cotton still en
gages the attention of foreign exchange
dealers and also of those vi ho endeavor
to keep In touch with the general sltua-
tion. -
Doubt is expressed whether the Sec
retary of the Treasury will be able to
carry out on any considerable scale the
project of New Orleans exporters for ac
cepting cash at Government fiscal
agencies abroad and transferring it by
telegraph to points in this country, but
Mr. Cortelyou is said to be willing to
make such deposits of public money at
cotton exporting points as will to a
considerable extent relieve the strain."
CHECKS TO REPLACE NOTES
Pittsburg Bankers' Plan to Pay the
Wages of Workmen.
PITTSBURG. Nov. 1. The' Pittsburg
Clearing House committee tonight an
nounced the details of a plan upon which
It had been working for some days,
whereby the vast Industrial army of the
Pittsburg district 1b to be paid In bank
checks of small denominations In lieu
of currency. The object sought to be at
tained by the action Is to Insure the
steady operation of all mills and fac
tories in the district during the existing
money stringency, and to continue the
present, unequalled prosperity.
It was decided to have the various
manufacturing establishments pay their
worklngmen with checks In denomina
tions of to, $10 and $20 in place of cash.
These checks, when properly signed by
employers, will be used as currency and
will be accepted as cash by tradesmen.
The payroll of the Pittsburg district
now exceeds $1,030,000 a day, and is fast
growing, and the belief of the bankers
Is that this plan will keep many thous
ands of worklngmen in steady employ
ment who might otherwise be denied,
work tills Winter.
Standard OH to Issue Money.
SEW YORK, Nov. 1. Frank A. Van
derlip, vice-president of the National City
Bank, announced today that the bank
had purchased Government bonds suffi
cient to cover an lsue of $1,000,000 of ad
ditional currency. Mr. Vanderlip also
stated that the National City Bank has
arranged to import $300,000 in currency
from Cuba.
BRYAN FEARS NO LONG PANIC
Opposes Asset Currency as Tending
to Aggravate Troubles.
OMAHA, Nov. 1. William J. Bryan
in Omaha today gave out the following
Interview on the business and financial
conditions:
"I do not look for any prolonged
trouble In the business world. Condi
tions which made a panic and depres
sion in J 893 are entirely different now.
Tien prices were falling because of a
restricted money supply. Now we are
In the midst of a tremendous gold pro
duction, which gives an abundant
money supply and maintains prices, so
that business is brisk."
"Then you do not think the present
bank trouble shows the heed' of "ah
emergency or asset currency?"
"Not by any means. On the con
trary, I think' tf Is a Strong argument
James McCrea. President of Penn
sylvania Kallrond, which Declared
XHvidend Yesterday sad Resotvea
to Rduce Expense In Face of In
creasing Traffic. "
against an asset currency. Suppose,
for Instance, wo had been using asset
currency during the past year and in
addition to the present trouble the
people had distrust about the money?
That would make matters so much the
worse. As it Is now, there Is no
doubt about the quality of our money."
FRANCE IfiS-SlOXFY TO JjEND
Offers Private Loans at Less Than
Regular Discount Rate.
PARIS, Nov. 1. The week-end financial
articles, which - on account of the holi
days are published today, continue to be
absorbed in the American sltuatidu and
the world-wide monetary stringency. The
coreensus of opinion Is that the storm
is too general to subside quickly, and
much felicitation Is expressed over
France's strong position in the present
crisis.
While every exchange in Europe is
feeling the squeeze in money and many
have been compelled to raise their bank
rates of discount, the rate of the Bank
of France remains at 34 per cent and
money Is so plentiful that it was loaned
privately yesterday at 2H per cent.
The high rates prevailing in Germany,
Belgium and Holland attracted consider
able French money during the week at
64 and 6'i per cent.
The Temps thinks that, if the monthly
settlement is safely passed on Monday,
the Paris Bourse will have definitely
escaped the American contagion, and be
In a position to undertake some public
Issues upon the most advantageous terms
and conditions.
GETTING TOGETHER AT RENO
Business Transacted as Usual They
Agree Not to Withdraw Funds.
RENO, Nev., Nov. 1. Reno banks to
day went on a clearing-house basis,
following the example of other cities.
Business was transacted as usual. The
Rickey banks will probably open Tues
day under an agreement signed last
night by the bank officials and the
depositors, whereby the depositors
agree not to withdraw any funds for
three months. Ten per cent will be
paid at the end of three months, 20 per
cent at the end of 12 months from date.
A loan of $200,000 made by the
Keane-Wonder Mining Company will
be taken up by President Rickey. The
Nye and Ormsby County banks are
still closed.
CIRCULATION SHOWS INCREASE
Controller ol the Currency Issues
Monthly Statement.
WASHINGTON, Nov. 1. The monthly
circulation statement Issued by the Con
troller of the Currency shows that at
the close of business yesterday the total
circulation of National bank notes was
$609,980,466. which is an Increase for the
month of $5,993,352, and for the year an
Increase of $L'6,S0S,4S1.
The amount of circulation based on
United States bonds was $1162.727,614, an
increase for the month of $6,626,285 and
an increase for the year of $25,794,446.
The circulation secured by lawful
money amounted to $47,252,852. a decrease
for the month of $682,933 and an increase
for the year of $1,014,036.
NEBRASKA BANK IS CLOSED
Troubles of Iowa Depositary Are
Thought to Be Responsible.
GRAND ISLAND, Neb., Nov. 1. The
Commercial State Bank of this city to
day closed its doors. Fifty thousand
dollars of the funds of the bank were
In the First National Bank of Charlton,
la., whose cashier committed suicide yes
terday. Fearing the reserve of the Com
mercial would be threatened, its directors
decided to close. The capital of the
bank was $50,000. with a surplus of $5000.
Deposits amounted to $3S0.000. The bank
was owned in Iowa. Other local banks
Concluded on Page 5.
A '
TIME TO
Bondsmen May Find
Him Near Home.
GNE OF VICTIMS IS MISSING
Many Theories as to Actor's
Disappearance.
MAY HAVE FLED TO CANADA
Several Reports Trace Him on Road
, to Boundary May Be Roaming
New York Disguised Under
the Makeup of an Actor.
NEW YORK. Nov. 1. The bondsmen of
Raymond Hitchcock still have five days
in which to deliver the comedian to the
court, where he is charged with offenses
against young girls. It was hinted today
that the actor was living quietly In this
city and would be on hand to face his
accusers when the case Is called next
Wednesday.
A new twist to the case was given to
day, when the police attempted to locate
Zella MeKenzle, aged 17 years, one of
Hitchcock's accusers. She told her story
to the Children's Society early In the Fall,
after which she became reconciled with
her family and returned home. She left
home a month ago and took rooms In
West Sixtieth street- According to the
agents of the Children's Society, she had
met Hitchcock since his troubles began.
She left her last lodging about the time
the actor was Indicted. The police be
lieve the girl could throw some light on
what has become of Hitchcock.
Effort to Release Girls.
It was said that an effort would be
-made to obtain the release under habeas
corpus proceedings of Elsie Voecks and
Helen von Hagen, two of the girls who
testified before the grand Jury and who
are now detained In the House of . the
Oooil Sr.eFerd.' The agents of t.e Gerry
Society probably will fiht the release,
alleging that friends of Hitchcock are be
hind, the proceedings.
The only other developments today were
In the way of new theories regarding the"
actor's disappearance. The most fanciful
theory, which found some favor, was that
the actor had called Into play his "make
up" genius, and by a clever disguise was
enabled to roam at will about the city.
The police have learned that a man
closely resembling Hitchcock - sailed on
the Majestic on Wednesday, and a wire
less telegram has been sent to the cap
ND
HITCHCOCK
L ,,,,,,,, .,,,.,,,.; , J
tain of the ship asking him to have the
actor held by the English police If he Is
aboard.
.. Probably Headed for Canada.
A gateman at the Grand Central Station
said today tbat he saw Hitchcock take a
train for Boston . Wednesday afternoon,
while there is a report from North Adams,
Mass., that the actor was seen there by
William Newman, a hotel clerk. A rail
road conductor is sure ills train took
Hitchcock and two companions as far as
North Adams, Mass., yesterday. It Is
learned that while in North Adams the
men asked about the quickest route to
Manchester, N. II., or Rutland, Vt. Late
Wednesday night, according to advices re
ceived here, the men were seen in Ben
nington, Vt., so It is presumed they were
making for Canada as fast as possible.
It is said that If Hitchcock has fled across
the border he will be safe there from ex
tradition, as the crime with which he Is
charged Is not extraditable. .
Wife Wrears Brave Front.
Mrs. Hitchcock, wife of the actor, is
bearing up bravely, despite the keen
anguish caused by her husband's plight
and his apparent abandonment of her.
r
I f- ' .4.';'V..
General William Booth, of the Sal
vation Army, for Whom New Ycrk
Is Preparing a Great Reception.
She has taken, her place in the "Yankee
Tourist," the play in which Hitchcock
was the star, appearing at every per
formance since her husband disap
peared, and going through the part as
if nothing had happened. Though she
Is putting on a brave front and hoping
for the best, it Is said that Inwardly
she fears Hitchcock, has coratnitted sui
cide. This is also said to be the belief
of a number of close friends of the ac
tor, who point to the fact that when
he left home he was In no way prepared
for flight and lied but a ffw dollars In
his pocket,
The police have been informed that
Hitchcock wears a gold bracelet wound
about his right wrist to ward off rheu
matism, and that this bracelet has never
been ' removed.
New Orleans Operators Give Up.
NEW ORLEANS, Nov. 1. So far as
New Orleans is concerned, the telegraph
ers' strike is now over. Operators will
apply for reinstatement as individuals
and on the best terms they can make
with the telegraph companies.
TREAD LIGHTLY AND CARRY A
T
MENACES
BRITISH WS
Union Votes to Tie Up
United Kingdom.
EFFORTS TO AVERT STRUGGLE
Lloyd George Comes Forward
as Peacemaker.
COMPANIES DO NOT YIELD
Rules of Tnlon Leave Respite Before
'Strike' Actually Begins, and the
Government AViU Exhaust
Efforts to Mediate.
LONDON, Nov. 1. Notwithstanding the
powerful Influences that have been at
work for some time In the hope of avert
ing trouble in the British railroad world,
tonight there seems to be but little prob
ability of preventing a strike which will
have the most serious consequences to
the traveling public and the men and
companies involved, . as well as to com
mercial Interests generally.
The action taken today by the execu
tive committee of the Amelgamated So
ciety of Railway Sen-ants In passing a
resolution to call a general strike leaves
little or no hope for a favorable out
come. This society always has been
looked upon as one of the most conserva
tive of the labor unions, and its leader.
Richard Bell, M. P., has been noted for
his efforts to prevent strikes and for his
utterances In favor of the rights of cap
ital as well as the rights of the work'
lngman. Consequently the resolution of
today Is not taken lightly, and in view
of these declarations and the determined
stand taken by the society since the
grievances of the men were first voiced,
It does not seem likely that the men will
withdraw from their present position.
Lloyd-George as Mediator. -
While there is a long list of alleged
grievances, the principal one has turned
on recognition of the union, and this the
railroad companies, whose chief spokes
man is Lord Claude Hamilton, refuse.
- Under the rules of the society and the
requirements of the law the strike can
not take place for some weeks. In the
meantime there is a remote hope that
the efforts of David LJoyd-George, who,
with the influence born of. his high posi
tion as president of the Board of Trade,
has peen working strenuously to bring
about a settlement, will be successful. So
far, however, Mr. Lloyd-George's admit
tedly great energy in this regard has
BIG STICK !
been unfruitful, but In a speech tonight
he declared that he would keep on trying
to bring about peace with honor to both
parties. His earnestness is indicated by
the announcement that he will call Into
consultation representatives of the Amal
gamated Society of Railway Servants, in
the hope of bringing employers and em
ployes Into line, thus placing him in the
position of a conciliatory arbitrator,
whose functjon it will be to hear both
sides.
Socialism as a Bogey.
The railroads charge that the present
agitation is due to the growth of Social
Ism, and, curiously enough, while this
idea was being voiced by Lord Claude
Hamilton tonight in a declaration that
Socialism was "Irreligious and immoral
in its teachlnes," Mr. Lloyd-George was
averring in his address that Socialism
was a "bogey of today, Introduced to
frighten the unwary," and' that there
was no danger, but a "certain advantage
In Socllalsm, Insomuch as' It stirred the
people to think."
The resolution adopted by the executive
committee of the employes reads:
"The conference of representatives of
the railway men of England, Ireland,
Scotland and Wales regrets that the ar-
ir
J
David Uoyd George, President of
Board of Trade of Grea-t Britain,
M'bo I Trying: to Avert General
Railroad 8trlke.
bitrary refusal of the railway companies
to meet the accredited representatives of
the men even to discuss a settlement by
friendly negotiations leaves no other
course open but to carry out the mandate
of our members."
Each Party Boosts Itself.
Mr. Bell, who is secretary of the em
ployes' association, said:
"Not only the members of the society,
but every man in the railway service, will
get notice. We took the opinion of our
members, and knowing also that thou
sands outside the society are In sympathy
with us, we resolved to call on every one
to come out."
Secrecy Is maintained as to the ballot,
but It Is understood that 70,000 to 80,000
declared for a general strike, and that at
least 100.000 men belonging to the Amal
gamated Society will strike.
The companies contend that the Amal
gamated Society by no means represents
the entire body of railway employes, and
they say that they have had a very satis
factory response to circulars asking who
can be counted upon to remain loyal.
CONTENTS TODAY'S PAPER
Tha Weather.
TESTERDAY'S Maximum temperature, S3
degrees; minimum, 4T.
TODAY'S Rain, southerly wind.
Financial Situation.
New York banks In nearly normal condition.
Page 1.
More gold bought in London.' Page 1.
Banks Issue more currency. Page 2.
Every city refuses to give ud currency.
Page 1. .
Pittsburg Issues bank checks to pay wages.
Page 1.
Bank fails at Grand Island, Neb. Page 1.
Foreign.
British railroad employes vote to strike;
government tries mediation. Page 1. -Famine
threatens two provinces of India.
Page 3.
Oregon man wounded In battle with muti
neers at Vladivostok. Page 3.
Serious Illness of Pope Leo. Page 1.
National.
War Department declares policy on Increase
of officers' pay. ' Page 4.
Supply ships to bring luxuries for battleship
fleet. Page 4.
Captain Johnson and Commissioner clash on
treatment of Ute rebels. Page .
Politics.
Division of sentiment on third term for
Boosevelt. Page 5.
Standpatters move to defeat German tariff
agreement. Page 0.
''Domestic
Italians in Montana almost lynch railroad
foreman. Page
Hitchcock given five days to appear; either
hiding In New York, fled to Canada or n
suicide. Page 1.
General Booth arrives In New York and
gives opinion on slums. Page 3.
Father and son accused of using malls to
defraud. Page 2.
Negress at colored people's conference
makes sensational, charge against South
ern whites. Page'l.
Supreme Court decision liberates 100 con
victs from Illinois penitentiary. Page 5.
Great bargains in sale of McCurdy's S l.OOO,
000 furniture. Page v.
TVree Southern Governors unite on policy
towards railroads. Page 3. -
Sport.
Portland shut out by Los Angeles. Page T.
Pacific Coast.
Northern Pacific lifts embargo on lumber
shipment!. Page 0.
Manager O'Brien orders completion of road
to Pilot Rock. Page 0.
Philippine soldier dies writing letter to
widowed mother In Albany. Page 6
Japanese coming to induce American elrls
to go back and become brides in Japan.
Page 18.
Commercial and Marine.
Klaber's ' opinion - of hop constfcnment.
Page 17-
Wheat weak and dull at Chicago. Page IT.
Stock market tranquil and firm. Page Id.
One steamer chartered for foreign cargo and
one for coastwise. Page 16.
Portland and Vicinity.
Hindu laborer shot by white sawmill work
men near Boring. Page la.
Big sale of East Side realty made. Page 10.
North East Side citizens demand bridge in
stead of ferry. Page 13.
Bank situation somewhat Improved. Page 13.
In mm HiiwtA -tiW i Wi mil " 1 r '-in, Has
NEGRESS MAKES
QUEER CHARGES
Colored Girls Unsafe
Among Whites. . '
COURTS DO HOT PROTECT THEM
Says Colored Mothers Should
Ask References.
TRAFFIC IN WHITE SLAVES
Speaker at Purity Congress Says Tf
Is Organized on Large Stale Se
attle Clearing-HouRe for Ex
port to Foreign Countries.
BATTLE CREEK. Mieh.. Nov. 1.
Mrs. Mary Church Terrell, president of
the National Association of Colored
Women, delivered a curious Invective
against the people of me houth befors
the Purity Congress here tonight.
. "No servant Rlrl Is safe in the homes
of the white people." she declared, "and
no mother who considered her daugh
ter's honor would' alloy her to become
a servant without lrst requiring refer
ences." She declares that all of the states of
the South have plotted to Rhut out tha
children of the blacks from an educa
tion, and that the courts had refused
to protect colored women. Mrs. Ter
rell was especially bitter In her con
demnation of the women of the South,
some of whom she quoted as saying
the negro women were devoid of honor.
' "Many of our rich men will gladly
give thousands to help my race," she
said, "but refuse to give an honest,
honorable, educated ne'gro respectable
employment."
Examination Before Marriage.
John H. Roberts, delegate of the Al
liance of Honor, of London, England,
urged that young men and women
about to marry pass not only a mental
and intellectual examination, but a
physical examination before a license
is issued to them. He urged the sup
pression of Immoral literature and
liquor. Though once an actor himself,
Mr. Roberts declared that purity work
ers must antagonize the theater.
"Our young cannot touch the modern
drama without being infected," he de
clared. "Most of our modern plays
deal with the so-called, love of two men
for one woman, or two women for one
man. The theater is a menace to the
home, and if we,don't fight it, it will
engulf the Anglo-Saxon race in a sea
of lust and Infamy."
At the afternoon meeting Dr. Ru
dolph Holmes, a member of the Chicago
Society of Social Hygiene, declared
that- race suicide was attempted in
this country in 35 out of a possible
100 cases and that physicians who are
still within the pale sign fictitious
causes to death of infant cases.
' Traffic In Young Girls.
In this afternoon's Session of the Na
tional Purity Congress, Chairman
Wiley J. Phillips, of the White Slave
Traffic Committee, a California editor,
declared in his report that "America
Is not only receiving girl victims of an
organized traffic, but is exporting them
to other countries."
"Seattle," said he, "is an export sta
tion from which girls from Los Angeles,
New Orleans and New York are sent."
He continued: "We have to combat not
only International, but local organizations.
Chicago is a stake market. In the Twenty-second
street district 278 girls under 1
years of age were taken by the police In
two months."
Mr. Phllllpps said that the number of
foreign girls Is proof of the systematio i
Importation with which the Government j
should interfere. He charged that tha
local agents who get Into trouble are de
fended by friends of the organization.
Negro Avenges Wife.
COLUMBUS, O.. Nov. 1. R. E. Weber,
a sergeant in the United States army,
stationed at the Columbus barracks, was
killed tonight by Edward MJtchel, a ne
gro, who came home unexpectedly and
found Weber In company with Mrs.
Mitchell.
AND WHERE IS FAIR HELEN?
Clarkson Returns to London With
out Miiloney's Daughter.
LONDON, Nov. 1. Samuel Clarkson,
whose elopement a month ago with Miss
Helen Maloney. daughter of Martin Ma
loney, t lie papal Marquis of Philadelphia,
stirred up two continents, has created an
other sensation by returning to London
without the young woman and settling
down to his former dilettante life In
lodgings near his club in Piccadilly.
Where Miss Maloney is no one knows.
POPE PIUS IS VERY SICK
Said to Be Suffering From Hear!
Trouble and Gives l'p Work.
PARIS. Nov. 2. Advices from Rome
to the Eclair says that Pope Pius is
suffering from an attack of heart
trouble. He Is very weak, according
to the correspondent, and is obliged to
take to his bed and abandon all ap.
polntmente.
I