urmmr mrrmuut PORTLAND, OREGON, 3IONDAY. NOVEMBER 18, 1907. PRICE FIVE CENTS. VOL. XLVI.-XO. 14,647. ODELL'S ILLNESS MAY HARM HUGHES Governor'sForcesLack Strong Leader. BOSSES WORKING AGAINST HIM Would Oppose Presidential Boom, but Dares Not. POPULAR WITH THE PEOPLE Campaign Managers Hope to Thwart Public's Wishes by Securing l"n Instructed Delegation to the National Convention. NEW YORK, Nov. 17. (Special.) The critical illness of ex-Governor Benja"min B. Odell, Jr., may have a serious effect upon the political fortunes of Governor Charles Evans Hughes. There Is no denying tfce fact that a vast majority of the Republican voters of the state, with Roosevelt out of the race, favor Hughes for President. But as a rule, public sentiment alone does not count. It takes leadership to direct public sentiment so that delegates will result. Odell is admittedly one of the shrewd est politicians la the Empire State. This Is not denied even hy his enemies or those who criticise his actions. Odell does not care particularly for Hughes, but he is a Hughes man because he sees a chance to ride back into political power. The popularity of Hughe and the leadership of Odell would have made an almost invincible combination. Rut now the ex-Governor Is in a pre carious condition at his home In New burg, and the loyal Hughes army is without a leader. Would Down Hughes If They Dared. There isn't a single one of the big Re publican bosses In the state who wants to see Hughes . promoted or even kept where he Is; but it speaks volumes for the Governor's popularity that not one of them dares to come out into the open and attack him. The reputation of Herbert Parsons has been badly damaged by the fusion experiment in New York County. Par sons la for Roosevelt rather than for Hughes. He would like to line the New York City delegates up for Taft. or who ever the President might suggest. Rut he doesn't .lare to say so. Parsons plans to "cordially indorse" Roosevelt and Hughes, and to send un pledged representatives to the Natlona! Convention. This will be vigorously combatted by the Governor's friends, who are strong In New York County, even If they do lack a leader. Over In Brooklyn Timothy L. Woodruff is happy at his local victory, but Indlca tionsware multiplying that It will be of little material use to him. Several of the county candidates-elect, notably the Sheriff and Register, who possess the bulk of the patronage, have served notice that they do not intend to be dictated to by Mr. Woodruff or any body else. And a formidable movement is under way to wrest control of the local organization from the state chair man. Woodruff Is Anti-Hughes. Woodruff doesn't want Hughes to re main In office, but he doesn't say so. Congressman Calder, who will fight for the leadership. Is expected to make Hughes the issue of the fight. If he does so he will make it mighty interest ing for Woodruff. It would surprise nobody if Hughes made a practically clean sweep In Great er New York, but It Is In the upstate dis tricts that the loss of Odell's experience Is most sadly felt. It Is not the intention of the Governor's enemies to make an open fight upon him. They will work to secure an unin atructed delegation; some of them may be for Hughes, and some against him. but they aim to deprive the Hughes boom of the "favorite son" aspect. The Governor's enemies know that open hostility would bo dangerous In the ex treme, and would 'be inevitably cal culated to arouse the voter's ire, and stimulate a desire for revenge. Bosses Work Under Cover. They also realize that if the clear is sue can ever be raised In the state of Hughes' candidacy, that nothing except Roosevelt's personal condidacy could down It. So It is the business of the bosses, henceforth, to stave off this issue, to keep the matter In abeyance, to urge Roosevelt's third term, and to prevent the popular sentiment from crystallzlng about the Governor until the machinery has been organized to extinguish the whole blase, or the time passed for any decisive committment of the New York d- legation. The Empire State bosses are also do ing missionary work among bosses In other Eastern states. They are point ing out that Hughes Is a man who abso lutely cannot be controlled, who makes whatever appointments he likes, and fol lows any line that strikes him as best. "Why, he wouldn't even consult Con gressmen regarding the appointment of postmasters," is a remark credited to Billy Barnes, of Albany. In the meantime. Governor Hughes has carefully kept his pledge not to inter fere In any way, but he devotes all his attention to the duties of his office. He does not care to be considered as a can didate, in any sense' of the word, but if offered the nomination will undoubtedly accept it as a public duty. Game in Which Voters Hold Trumps "It's a new kind of a game," remarked one of the Governor's critics today. "But It seems to me to be the best on record. Just tell people you are not trying to get votes, and they will work night and day for you." This of course is the machine way to look at It. The attitude of the average voter is that the Governor Is doing the right thing, upholds the dignity of his high office, and all around Is the best Governor New York has had In several generations. In January he will have the Legislature : Governor Wilford -B. Hoggatt. on Arrount of Whose Enmity Judge Wirkershara Tendered His Resig nation. with him again, and It is confidently predicted that the Senators and Assembly nlen will 'buckle down to business. Last session It took several months for Hughes to convince them what kind of a man lie IS. This session no time will be wasted, as every member-elect realizes that the Governor Is personally "on the Job." Keep Flames Smothered. It will be several months before the con ventions are held to elect delegates, and the Republican bosses hope that the friends of the Governor can be kept quiet until It is too late to do effective work. They do not want the direct issue raised, and are longing and praying that Odell may be kept out of active politics until next Summer. As for public sentiment well they say privately It does not worry them, but really It does. For Governor Hughes has accomplished a great deal already, armed only with that new-fashioned political weapon pub lic sentiment. FORARER ST1IA IX THE RACE Scheme to Sidetrack Taft by Coming Out for Roosevelt. OREGON I AN NEWS BUREAU. Wash ington. Nov. 1". The unconfirmed re port comes from Ohio that Senator J. B. Koraker Intends later on to declare himself a candidate for the Republican Presidential nomination, not with any Idea of being nominated, but solely to prevent Taft from securing the Bolld Ohio delegation. Friends of the Sena tor here do not place much credence in the report, for they do not believe Koraker would make such an announce ment unless he intended to follow It up with a fight that would end In the National convention. Furthermore, they say that Koraker does not need to declare himself a candidate In order to divide the Ohio delegation. The Foraker followers believe that they can control a majority of the Ohio delega tion; the Taft faction claim the solid delegation for the Secretary of War. The probabilities are that a compro mise would he nearer right than either partisan claim, for it is evident from all reports that Taft will not he able to have the solid Ohio delegation be hind him, unless Foraker relents, and Foraker is not of the relenting kind. Coincident with this talk is the ru mor that Foraker and his colleague and loyal follower. Senator Dick, have been asked to Join the Roosevelt movement and declare in favor of the renomlna tlon of the President. It is difficult to conceive of Foraker advocating Roosevelt's renomlnatlon, even If by so doing he could put Taft out of the way. Of course, Dick stands with Fpraker. Of the two men, there is no question that Foraker dislikes Roose velt the more, and If he had to take his choice. It Is more than likely he would accept Taft in preference to the President. Nevertheless, rumor has It that -strings are being pulled to get Foraker to turn to Roosevelt, on the theory that by so doing he can obliter ate Taft and put an end to the Taft boom. If Foraker ever takes up this suggestion it will be with the Idea of annihilating Taft, and then turning to some other man than Roosevelt when convention times arrives. It is not like Foraker to advocate Roosevelt if he be lieves jtoosevelt would accept the nom ination. Hughe Will Answer Call. NEW YORK. Nov. 17. In an address at Coopjr Union tonight. President Sehurmann. of Cornell University, dis cussed Governor Hughes as a Presi dential possibility, and declared that, while Mr. Hughes would not lift a linger to secure the nomination, if the people summon him to service, he would undoubtedly respond with loyal devotion to their call." OAKLAND FIREMAN KILLED Several Others Are Overcome With Ammonia Fumes. OAKLAND. Cal., Nov. IT. Fire to night broke out in Collins' drugstore at Washington and Twelfth streets, and caused $20,000 or $20,000 damage. Ed ward Brandt, a fireman, was killed, and several other firemen were almost over come with ammonia fumes. WOMAN 'S STORY OF THE Sees Steele Bending Over Dead Husband. HEARS THREE BLOWS STRUCK Murderer Then Coaches Wom an in Story She Is to Tell. HELPS HIM REMOVE SPOTS Fully Under His Power, She Aids Him in Covering His Tracks The Strain Is Too Great After Two Months and She Confesses. HOQUIAM. Wash.. -Nov. 17 (Special.) A portion of the statement made by Mrs Frank Todd to the officials, which led to the arrest of Ralph W. Steele, who committed suicide in the county Jail yes terday, has been given out and It has developed that Mrs. Todd saw Steele Immediately after he struck the fatal blows which crushed the life out of her husband and the father of her children. The statement is In her own writing and the gist of It is as follows: She had been friendly with Steele while he was living at her home for several months. Todd became suspicious and after a talk she told him of Steele's at tention. This enraged the husband, who ordered Steele from the house. Then be gan the bad blood between the two men. Todd came home from camp a short time afterward but Steele had gone from the house, leaving his effects there. Mrs. Todd Sees the Murder. The night of the tragedy Mrs. Todd went to bed about 9:30 and left Todd reading. She read for awhile and Todd went out to the toilet. She heard a scuffle and three blows struck and thinking something was wrong went to the back door, opened it and saw the massive form of Steele bending over the prostrate form of her husband, who was weltering in his life-blood. The small electric light shed a mystic glimmer over the ghastly scene of the brute standing ready to strike another blow with bis heavy revolver should the convulsing form show signs of moving. Steele Carries Her" to Her Bed. The shock proved too great for her' and she fainted. Steele then turned his at tention to the prostrated woman. He Immediately picked her up In his arms and carried her to her bed and waited for her to regain1) consciousness. She soon revived under his treatment and ft was then he told her if she ever told on him he would kill her. He forced her to look over his face, hair and clothing for any signs of blood which might be there and with unheard-of coolness began cleaning the revolver with which he de livered the blows that sent Todd Into eternity. Coaches Her in Her Part. He drilled Mrs. Todd in what she must say and she spent nearly all the rest of the night rehearsing her part to him. He then went about to cover up any sus picion of his deed. He went to the shed, robbed the body and left the rifled pockets turned wrong side out. After this he turned off the electric light and threw the piece of switch in a bucket of feathers lying close and made Mrs. Todd tell the authorities that Todd missed the button the night before. For over two months she stood up un der the strain but It proved too great for her and the breakdown came at last when she received a note from Steele that he might kill her and then himself. She confided in Marshal McKenney, who got her to play the part of a detective and thus she wrung the story of the mur der from his lips. CLERKS ARE PROMOTED Postpffice Department Advances the Salaries of Three Employes. OREGONIAN NEWS BUREAU. Wash ington, Nov. 17. At the request of Sena tor Bourne the following details have been authorized In the Portland Post office, to become effective November 16, 1907: Otto J. Hirsch from mailing clerk at $1300. to assistant superintendent of malls at the same salary; Weston G. Shellen hurger from clerk, sixth grade, at $1300, to assistant superintendent of money order at the same salary: Edward J. Ball from registry clerk at $1200, to as sistant superintendent of delivery at the same salary. MEANS BREAK WITH JAPAN Policy Pursued In Far Fast Distaste ful to Great Britain. PBKIN, Nov. 17. The speech delivered at Kobe by Count Okuma, who was at one time head of the progressive party in Japan, In which he declared that Japan would sorely disappoint the peo ple of India as well as Ignore the oppor tunities given by heaven If she' failed to afford protection to the millions of Indians now being oppressed by Europe, has caused great excitement among the British newspapers published In North ern China. In this section of the empire the Japanese Expansion movement Is In terfering greatly with British Interests, and there is open warfare between Jap anese and British merchants. Since last May Englishmen have been MURDER the leaders in the anti-Japanese cam paign In Pekin and Tientsin. The Times, which Is the principal British organ in North China, gives expression to the "deep-seated. smoldering wrath" of Britons In the Far East, and accepts Count Okuma's words as a national ex pression. They reveal, this paper de clares, "the cloven hoof and the attitude of a precocious and ill-mannered baby among the civilized nations toward a country the support of which gave her her present position In the world. We hope that the revelations made by Count Okuma will open the eyes of King Ed ward and his countrymen, as the eyes of the Britons were opened here long ago." The pro-Japanese British press In the South of China has recently Indicated its purpose of fighting the Japanese, "whose operations." it Is declared, "now conflict with those of Great Britain from the Yangtse to Manchuria." One paper ex presses the conviction that agitation of the present situation probably will re sult In breaking up the Anglo-Japanese alliance. GIVES KAISER THE GLAD HAND King Edward Doing Much to Arouse Good Feeling With Germany. ' BERLIN. Nov. 17. The ten years of estrangement between Germany and Great Britain appears- to be coming to an end, and the conviction Is held in governmental offices in Berlin that tho present journey of the German Emperor to England, taking into account the events which led up to it, is likely to have an enduring value. The courtesies which are now being extended to Bnrperor William in England were preceded, it Is reported here, by the decision on the part of King Edward to discontinue his persona! policy of endeavoring to Isolate Germany. The German comment on the courtesies being extended to the Emperor by King Edward is distinctly appreciative, and in dicates a great deal of good will. HAWAIIANS AS STOWAWAYS GIRDS RETURNING FROM ALAS KA GET INTO TROUBLE. Alaskans Come to Rescue and Prom ise to Settle Everything When Seattle Is Reached. SEATTLE, Wash., Nov. 17. (Special.) The bevy of Hawaiian beauties, which under the chaperonago of Mrs. Edyth Weatherred, has been touring the Pa cific Coast, is tonight in'the position of stowaways aboard the steamship Jeffer son, bound from Juneau to Seattle. The fair stowaways are, however, under the protection of a bunch of big-hearted Alaskans, returning delegates from the Juneau convention. The trouble of the Hawaiian girls is due to the refusal of officers of the steamship company to ac cept drafts on Honolulu in payment of their passage. Mrs. Weatherred is a sister of Leroy Tozier. prominent Alaskan, and he was appealed to. In spite of protests of the steamship officials the girls were taken aboard the Jefferson with the promise that their transportation difficulties would be taken care of upon arrival at Seattle. CHEERS GREW WITH MUSIC CAPTAIN FRANK ALLAYS FEAR DURING TERRIFIC STORM. Japanese Crew of Steamer Tolosan Spends Two Days on Knees Pray ing to Oriental Idols. SAN FRANCISCO. Nov. 17. The Ger man steamer Tolosan, which arrived today from Japan with a cargo of 3800 tons of coal, was lashed during her voyage by a hurricane which sent mountainous waves awash her decks, carrying away every portable article and causing much damage. For two days in the middle of the Pacific her Oriental crew kneeled before their idols and, prayed to their gods. An Incident of the storm was the playing of a battered phonograph In the cabin. Captain Frank gave orders to keep music In the air, and the familiar strains of "My Old Kentucky Home" could occasionally be heard above the roar of the tempest. The Tolosan came in with a yellow flag and will probably be fumigated by the. quarantine officials. CONTENTS TODAY'S PAPER The Weather. YESTERDAY'S Maximum temperature, 50 degrees; minimum. 39. TODAY'S Probably fair; weaterly winds. Financial. Government announces Issue ot $50,000,000 Panama Canal bonds. Page 1. Financial situation shows decided ( Improve ment In New York. Pago 3. Political. Odell's Illness leaves Hughes forces without efficient leader. Page 1. Foraker schemes to sidetrack Taft by com ing out for Roosevelt. Page I. Tom Taggart outlines Democratic platform. Page 3. Foreign . Taft lands at Vladivostok. Page 8. Japan's policy in Far East may cause rup ture with Great Britain. Page 1. King Edward's courtesies to Emperor Wil liam appreciated by Germans. Page 1. Domestic. Women incite striking Louisville streetcar men to riot. Page 2. Leon Cazauran, noted tenor, crushed by arrest for monkey-house Incident. Page 1. Pacific CoMt. Mrs. Todd tells story of how Steele mur dered her husband. Page 1 Sallor kills albatross and dire distress fol lows. Page 2. Washington Railroad Commission looking for combine between roads and warehouse men. Page JO. Portland and Vicinity. Four persons painfully injured in peculiar accident on Alblna ferry slip. Page 9. Francis J. Fluno, of Boston, explains ele ments of Christian Science at the Helllg. Page 18. County Teachers' Institute called to meet November 23-27. Page 7. Methodist Bishops discuss immigration problem. Page 13. John Sweeney, of Delta, Wash., sinks in mud of Guild's LaVe and dies. Page 9. Eleven-year-old girl who swallows gum has appendicitis as a result. Page 4. SINGER CRUSHED BY HIS ARREST onkey-House Inci dent Ruins Career. LEON CAZAURAN BROKEN MAN Sits All Day in Room Wringing His Hands. DROPPED FROM THE OPERA Hamrae rsteln Declares He Will Have Nothing More to Do With Young Tenor Court Dis misses Serious Charge. NEW YORK, Nov. 17. (Special.) (Trussed and spiritless, Leon Cazauran. the young tenor, who came to America two weeks ago to sing in HammerstehVs Opera Company and was arrested near the monkey 'house In Central Park yes terday, sat all day today in his rooms wringing his hands. He is a delicate. Intelligent-looking man of about 27. Mr. Hammersteln will have nothing more to do with him, he says, and that as a singer his career is blasted. "Eet is amazing," he repeated, over and over, and that is all the English he knows," though in French and Spanish he vehemently denies his guilt of the charges on which Detective James J. Cain arrested him that of attempting to corrupt the morals of 'boys. Finds No Balm or Gilead. The faot that the court did not hold him or his friend, Claude Modjeska, but discharged both, after fining Modjeska $10 for having in his possession a bad French photograph, does not lessen his dejection. Cain says he had been watching the two young men for a long time. They had been talking to boys and in the monkey house had stood with their hands in their coat pockets so close to the boys as to be annoying. The only boy he took along as a witness was 13-year-old Eugene Koch, of Rockaway Park. Modjeska, who is a dark-skinned East Indian, born in Bombay, came to Amer ica with Cazauran. He is an imper sonator, and says he earns a good salary on the stage in Europe. He had plenty of money today, showing nearly S1000 in bills. Career Blasted, Says Modjeska. "This arrest will not hurt me much, ex cept in this country, but for Cazauran It is a tragedy," said Modjeska. "In nocent or guilty, the arrest on such a charge destroys -his career. Mr. Hammer stein notified him today that he could not keep his engagement with him." Mr. Hammersteln sent out this state ment simply: "A man to whom any suspicion at taches cannot find employment in the Manhattan Opera House." "It was intimated, however, by a repre sentative, that Mr. Hammersteln did not believe the charge and that he had not severed his engagement with the young man. Cazauran has a contract, it was ac knowledged. START THE WHEAT CROP Inland Empire Ready to Move Its $30,000,000 Yield. SEATTLE. Wash., Nov. 17. Arrange ments finally concluded yesterday at a meeting held here in the Bank of Com merce between representatives of the bank, of the wheat exporters, and of the banks and wheatgrowere of the Inland Empire assure the financing of the move ment of the wheat of that region. The wheat crop of the Inland Empire is ronservatlvely estimated to be worth $30,000,000 and Its movement to the markets of Europe, Asia and Africa will eventually result In the return of that amount of money for circulation In this country. It is announced that an ade quate number of vessels are within reach of the exporters for the shipment of the cereal, and that the railroads are provid ing sufficient cars to carry the wheat to Pacific ports. Shipments will be started at once. CUPID IS BRUISED AGAIN Midshipmen Forbidden to Protect Women With Their Overcoats. ANNAPOLIS, Md., Nov. 17. The Commandant of Midshipmen has Issued an order which puts a ban on the prac tice of midshipmen surrendering their overcoats for protection of their women friends. The new order is similar to the one issued at West Point, which caused sucli a storm of protest from the social contingent. GOMPERS AFTER CANNON Reported He Will Endeavor to De feat His Re-election as Speaker. OREGONIAN NEWS BUREAU. Wash ington. Nov. 17. President Samuel Gom pers, of the American Federation of La bor, forgetting his experience In poll tics a year ago. Is going to undertake to prevent the re-election of Speaker Cannon not his re-election to Congress, but his, re-election as Speaker of the House of Representatives. It will be re called that a year ago Qompers donned war pafnt. and undertook to get the scalp of Representative Littlefleld, of Maine, because Littlefleld had the nerve to vote against certain labor legislation in which Gompers was Interested. Gom pers even went Into Maine and took the stump. Littlefleld had an unusually large vote that year and Gompers fell down. He will meet even more overwhelming defeat if he carries out his threat and undertakes to prevent the re-election of Cannon as Speaker. Why a man of or dinary intelligence should undertake such a campaign Is a mystery. There is no candidate in the field against Cannon; every Republican member of the House is for him, either because he loves the man or because he fears him, and the result of the action of the House Repub licans is ft foregone certainty. As leader of the Federation, Gompers may be fairly efficient In politics he Is a colossal fali- George B. Cortelyou, SorHary of the Treasury, Who Announce a 950, 000,000 Issue of Panama Bonds. ure. He is no politician, as evidenced by the fact that ho always undertakes to defeat a sure winner. JUDGE WICKERSHAM TELLS Explains Reason for 1'iifriendliness of Governor Hoggatt. SEAT.TLK, Wash., Nov. 17. A spe cial from Fairbanks to the Post-Intelll-gencer says: "The Wickersham letter of resignation- was mride public in the News of Tuesday. One of the principal rea sons for the resignation Ib the enmity of Governor Hoggatt. The letter says: " 'At the recent term of court held at Juneau, on special request of the Attorney-General, I had the misfortune to decide an important case involving the case of a young lawyer ln a way contrary to Governor Hoggatt's views. Thereupon the Governor withdrew the friendship, which I highly valued, and criticized me, so that tho loss of his confidence became publicly known. His views were unjust and presumptuous, but his opposition and his refusal to support the court added greatly to my burden.' "President Roosevelt, in reply to the letter of resignation, says the resigna tion is accepted with j-egret." FOUND WITH THROAT CUT Jacob Lutz Wanders for Three Days. Too Weak to Tell Story. SEATTLE, Wash.. Nov. 17. (Special.) The mystery surrounding the disappear ance from his home at Youngstown, No vember 14. of Jacab Lutz, an iron mold er, was partially cleared up today when he was found wandering in tho vicinity of Oxbow, a suburb of this city, with his throat cut so badly that It Is tho wonder of the physician who is attend ing him that he 1b alive. Lutz Is so weak that he cannot tell as yet the story of his wanderings. It Is not known whether he was the victim of his own act or a murderous assault. Lutz disappeared after making an attempt to kill his wife and three children with an ax according to the wife's statement. They fled and the home was found in flames and the wails of the rooms spat tered with blood. WORK FOR DEEPER HARBOR Meeting In Washington Promises to Be Largely Attended. CINCINNATI. O.. Nov. 17. Secretary Ellison, of the National Rivers and Har bors Congress, is In dally receipt of let ters from members of the Senate and House, from governors of states and from representatives of commercial and Indus trial organizations, accepting invitations to attend the meeting of the congress to be held at the New Willard, In Wash ington, on December 4, 5 and 6, and the assurances of a thoroughly representa tive assemblage are most gratifying. The list of acceptances Includes the names of Ambassador Sternberg, of Germany; Am bassador Jusserand, of France; Chairman Knapp, of the Interstate Commerce Com mission, and President Hill, of the North ern Pacific Railway. PROVIDE COALING STATION Mexico Will Grant United -States Right to Use Magdalena Bay. WASHINGTON. Nov. 17-Asslstant Secretary of State Adee tonight con firmed the Associated Press dispatch from Mexico City which stated that the United States would be allowed to main tain two coaling ships at Magdalena Bay, on the coast of Lower California, for a period of three years, provided a Hlte concession was made to the government of Mexico by the United States. Vain Search for Forger. VICTORIA, B. C, Nov. 17. The steamer Duneric from Nome arrived today after a stormy passage, and was met here by United States Marshal Warren and two deputies, searching for H. Marsh, who escaped from Nome, where he is wanted for forgery. Marsh was not aboard the steamer, and is believed to have escaped overland from Cape Nome. FIFTY MILLIONS L Cortelyou Announces Government Plan. RELIEF TO MONEY STRINGENCY Scheme to Attract Gold to the United States Treasury. BASIS FOR NOTE ISSUES Roosevelt Approves Move and Makes Appeal to People of Nation to Keep Their Money In Ac tive Circulation. ANA BONDS WASHINGTON, Nov. 17. Secretary Cortelyou tonight made the Important announcement that as a means of af fording relief to the financial situation, the Treasury would issue 150,000.000 of Panama bonds and $100,000,000 cer tificates of indebtedness, or so much thereof as may be necessary. The cer tificates will run for one year, and will bear 3 per cent interest. The Secretary's action in coming t the relief of tho financial situation meets with President Roosevelt's hearty approval, and the plan Is the outcome of the several White House conferences which have been held with in the past few days, when the financial situation was under consideration. Expand Money Supply. Secretary Cortelyou says that the Panama bonds will afford subtantlal relief, as the law provides that they may be used as a basis for additional National bank circulation. He also states that the proceeds from the sals of certificates can be made directly available at points where the need is most urgent, and especially for the movement of crops, which he says, "if properly accelerated, will give the greatest relief and result in the most Immediate financial returns." The Secretary calls attention to the at tractiveness of the bonds and certificates as absolutely safe investments. Secre tary Cortelyou adds that these relief measures will enable him to meet public expenditures without withdrawing for that purpose any appreciable amount of the public moneys now deposited in Na tional banks throughout the country. Two Treasury circulars, one inviting pro posals for the issue of bonds and -the other asking for the certificates, will be sent out under date of November 18. Congress Promises Relief. In his letter to Secretary Cortelyou ap proving the Treasury plans, President Roosevelt states that he has been as sured that the leaders in Congress have under consideration a currency measure "which will meet In permanent fashion the needs of the situation, and which I believe will be passed at an early date after Congress convenes two weeks hence." The President also suggests that what is needed most at this time Is that the people should "realize how funda mentally sound business conditions In this country' are, and how absurd it Is to permit themselves to get Into a panlo and create a stringency by hoarding their savings Instead of trusting perfectly sound banks." The President's letter to Secretary Cor telyou follows: President Scouts Panic Scare. "The White House. Washington, D. C, Nov. 17, 1907. 'My Dear Mr. Cortelyou: I have considered your proposal. I approve the Issue of the fifty millions of Panama bonds which will be Immediately available as the basis for additional currency. I also approve the issue of 100,000,000, or so much as you may find necessary, of 850 3 per cent interest-bearing Govern ment notes, the proceeds of the sale of whidh can be at once deposited by you where the greatest need exists, and es pecially in the West and South, where the crops have to be moved. I have as surance that the leaders of Congress are considering a currency bill which will meet in permanent fashion the needs of the situation, and which 1 believo will toe passed at an early date after Con gress convenes two weeks hence. "What Is most needed just now Is that our citizens should realize how funda mentally sound business conditions in this country are and how absurd It is to permit themselves to get into a panic and create stringency by hoarding their savings Instead of trusting perfectly sound banks. There is no particle of risk involved in letting business take Its nat ural course and the people can help themselves and the country most by put ting Into active circulation the' money they are hoarding. Appeals to the People. ""The banks and trust companies are sol vent. There is more currency in the country today than there was a month ago, when the supply was ample. Since then t55.000.000 In gold has been imported and the Government has deposited al ready $60,000,000. These are facts; and I appeal to the public to co-operate with us in restoring normal business condi tions. The Government will see that the people do not sutler If only the peoplt themselves will act In a normal way. (Concluded on Pace 8.)