VOL. XXVI NO. 14,653.
PORTLAND, OREGON, 3IONDAY, NOVEMBER 25, 1907.
PRICE FIVE CENTS.
REBUILD CITY ON
A GRANDER SCALE
San Francisco Is Ready
to Take up Work.
ISSUE $28,000,000 BONDS
Charter Amendments to Pro
vide Funds Approved.
RESTORE FINE BUILDINGS
Burnham Plan Will Be Followed
Wherever Practical Much At
tention Devoted to Better
Streets and Waterfront.
BY P. A. SINSHEIMER.
SAN FRANCISCO. Nov. 24. (Special.)
By the special session of the Legislature,
the city of San Francisco has been en
abled to take the necessary stepB for re
habilitation on a big scale. The Legis
lature has ratified amendments to the lo
cal charter which were adopted by the
voters at the last election. The most
Important of the amendments to the city
at the present time is that which admits
of the sale of bonds hearing 4 per cent
Interest. Under the charter the city was
empowered to issue bonds carrying in
terest not In excess of 4 per cent. The
local law provides that the bonds may
not be sold below par. It was impossible
to sell 4 per cent bonds, but now the city
will be able to go ahead with 5 per cent
securities. Of course It Is not expected
that they can be floated under present
financial conditions, but by the time the
question has been submitted to the
voters, and the bonds prepared, it Is be
lieved that the flurry will have passed.
Will Restore Public Buildings.
It Is proposed to Issue o per cent bonds
to the extent of J2S.000.000 for public im
provements. Of this sum J6.O0O.000 will
be devoted to the reconstruction of the
City Hall. The building originally cost
JT.000,000, but several hundred thousand
dollars have already been expended In
fitting up two wings in which the munic
ipal officers have their quarters. One
million dollars will be devoted to the re
construction of the shattered Hall of
Justice. This structure stands on the
historic site opposite Portsmouth Square.
It was completely wrecked by the Are
and during the Schmltz administration no
effort was made to restore It. It will be
rebuilt on the old site.
One million dollars Ls to be spent for a
new County Hospital. Another million
will bo used for a public library. Sev
eral million (the amount has not yet been
accurately estimated1! will be devoted to
the erection of new school houses; sev
eral hundred thousand will be used for
the purchase of lands for park purposes;
JB.O00.0O0 will be employed for the recon
struction of sewers and streets, and J6,
000.000 will be devoted to the purposes of
an auxiliary water system from the
ocean for fire fighting.
Mayor Urges Prompt Action.
Other projects are being discussed,
but there ls not the unanimity of opinion
which guarantees their acceptance by
the city. An effort to carry out certain
features of the Burnham plan for the
beautiftcation of the city is on foot, but
It will meet with opposition.
Had there been no special session of
the Legislature, these projects could not
have been undertaken until a year from
January, when the regular session will
be held. Mayor Taylor ls anxious to be
gin the rehabilitation as Boon as pos
sible, and will urge that the bond election
be called at once. Public sentiment Is
unanimous on the necessary improve
ments cited above and the election will
be merely a legal form.
Several million dollars are now being
expended under the bond issue of 1904.
The most important of these ls the eleva
tion of Market street at Its lower end.
The street slopes abruptly from- Third
street to the ferry, and work is now be
ing carried on to make the street level.
At the ferry the necessary elevation ap
proaches three, feet, and has Involved a
vast amount of work. Hundreds of men
are at work there, and a few months
will see the undertaking completed.
Follow Plans or Burnham.
The lower end of Market street has
been torn up since the fire. First the
?ewers were reconstructed, then the con
duits laid for the telephone and lighting
wires, and then the fllllng-ln process was
begun. All this time streetcars continued
to run without interruption over the
street. Now the Ulllng-ln has been al
most completed, and the work of paving
la progressing. This work is the first
undertaken under the Burnham plans
and already the Improved effect may be
noticed.
At the same time that the city is im
proving the ferry district the state is
carrying on lg undertakings at the har
bor front. New wharves are being con
structed, the sea wall extended, and the
shipping facilities augmented generally.
An act passed at the special session
calls for the expenditure of Jl.000.000 by
the state for the purchase of submerged
lands at the southern end of the harbor
front near Potrero. With subsequent ap
propriations these lands will be filled In
and a great basin constructed which
will give the city eight additional miles
of docks.
Money has been set aside by the city
fir the construction of a new roadbed for
the Geary-street railway which has
passed to the city through the expiration
of Its franchise. The city has not taken
possession of the line, but is allowing
the private company to operate on a
year-to-year license bo that the munici
pality can take possession whenever it
ls in a position to do so.
The greatest demand is for the street
improvements. Several hundred thou
sand dollars are still available for this
purpose, but it will require many mil
lions to place the streets in first-class
condition. Fire insurance rates are 26
per cent higher In San Francisco than In
other large cities, and the reason ad
vanced by the underwriters ls the con
dition of the streets, which makes it dif
ficult for an engine to reach a conflagra
tion In quick time. With improved
streets and an auxiliary fire system the
rate will be restored to normal.
Bring Water Prom Sierras.
A movement has been launched anew
for a municipal water system from the
Sierras. This Is one of the arguments
Mrs. Howard Gould, Concerning
Whose Relations With Colonel
Owfj , Helen Mer Testifies.
advanced for consolidation. Other cities
about the bay desire to take advantage
of the Sierra supply, and the local au
thorities believe that the entire Bay
country should unite In bringing the pure
icy waters of the mountains to the Bay
region. The cost will be very high. It
has been variously estimated from $30.
000,000 to 160,000,000, which is. of course,
a far greater' sum than San Francisco
can expend at this time. With the co
operation of the Bay towns, work can be
started at once on the water project, but
if left to carry the undertaking through
without assistance, San Francisco -rill
watt a few years until it has completed
the other improvements.
GIRLS SWEPT INTO OCEAN
HUGE WAVE CARIUES IjlTTDE
OXES FROM DECK.
Tragedy of the Sea Revealed on
Arrival of Steamer President
at San Francisco.
SAN FRANCISCO. Nov. 24. A tragedy
of the sea was revealed today In the ar
rival of the steamer President from
Puget Sound ports. The officers of the
President reported that when off Grays
Harbor November 22 three children were
presumably washed overboard by a heavy
sea.
The children were missed about 5
o'clock In the afternoon. After a strict
search of the vessel It was recalled that
at 2:20 P.- M. a heavy sea struck the ves
sel, and it ls supposed that at this time
the chjldren. who were playing on the
deck, were carried overboard. No one
saw them go. The children were. Rita
Schotte, aged 12; Ada Sehotte. aged 4;
Flossie Buckman. aged 13.
The Schotte children were recent ar
rivals from Australia, having come with
their mother to Victoria, where they
were met by the father, A. A. Schotte.
who had gone to welcome his family and
bring them to their new home In this
city.
CLEVELAND VERY SICK MAN
Confined to His Bed With Relapse
of Intestinal Trouble.
NEW YORK. Nov. 24. According to a
report received tonight ex-President
Grover Cleveland is again seriously ill
at his home in Princeton. He Is said to
have suffered a relapse of the old in
testinal trouble which affected him last
June. The present attack. It Is said,
developed on Thursday last, and although
severe. It is said. Mr. Cleveland showed
considerable Improvement on Friday.
Details of his condition could not be
learned at his home tonight. Beyond
an admission that he was "very 111 and
confined to his bed" no information was
given out.
Mr. and Mrs. Cleveland, with a party
of friends, had arranged for a trip to
Auburn. N. Y.. and the start was to have
been made on Friday, but the trip was
postponed.
PLEASED WITH HIS TRIP
General Booth Declares He Met
With Success Everywhere.
LONDON, Nov. 24. General William
Booth, the head of the Salvation Army,
when interviewed today by the Asso
ciated Press with regard to his visit to
America and Germany, said that he had
met with the greatest success and sym
pathy everywhere.
"I think I may consider myself." he
said, "not merely a harbinger of. but an
accessory to peace between nations."
He referred with the greatest satisfac
tion to the work he had accomplished in
the direction of sending a better class of
emigrants into the United States and
Canada, and told- of offers he had re
ceived from several states to finance this
movement
:
YOUTH DIES FOR
UNREQUITED LOVE
Boy of 19 Madly Loves
Girl of 16.
ADVANCES ARE REPULSED
Miss McCarthy Will Have
Nothing to Do With Him.
THREATS TO DO MURDER
Goes to Hospital Where Girl Is
Nurse and Menaces Her With
Death and His Own Suicide.
Disarmed but Shoots Self.
ABERDEEN, Wash., Nov. 24. (Spe
cial.) Henry Potter, aged 19, shot himself
in the head late Friday night because of
love for Marguerite McCarthy, a 19-year-old
girl, employed as an assistant
nurse in St. Joseph's Hospital. Potter
died without regaining consciousness.
It was first believed that he had acci
dentally been killed while carelessly han
dling a revolver, but later it developed
that Potter had gone earlier in the even
ing to the hospital, inquired for Miss Mc
Carthy, threatened to kill her on sight
and then put a bullet In his own body If
she chould not reciprocate his affection.
He was disarmed, and left the building
shedding tears. An hour later he was a
corpse.
Deserter From British Army.
From letters in his trunk and from
some on the table in his room, just writ
ten, it was learned that he deserted an
English warship lying in Victoria, B. C,
harbor about a year ago. To those close
ly associated with him here he had com
municated this fact, and also that he left
the ship 'with three other companions
and they hid in the woods until finally
they were separated. Potter drifted here
and had worked in logging camps and in
plumbing establishments. It ls also
learned that his mother lives near Lon
don and that he has an o!.i--r .brother in
the navy.
Comes From Good Family.
A cablegram has been sent to his moth
er notifying her of the tragedy and ask
ing what disposition is to be made of the
remains. The body will be held until an
answer is received. From talk which
Potter's companions had with him re
cently he alleged he had a wife In Seattle.
Miss McCarthy says she met Potter
only recently, and she did not know of
his mad love for her. It is the general
opinion that had not Poter been dis
armed at the hospital, he would have
added murder to his crime of self-destruction.
Potter was a fine-appearing young fel
low, and It Is thought from letters re
ceived from his family and photographs
that his relatives are well-to-do English
people.
DETAIN SHOOTING EDITOR
Police Hold Home Awaiting Con
dition of His Wounded Victim's.
KANSAS CITY. Nov. 24. No charge
has yet been preferred against General
R. C. Home, the stockholder and edi
torial writer of the Kansas City Post,
who yesterday shot and wounded O. D.
Woodward, president of the Post Com
pany, and H. J. Groves, manager of the
paper. General Home is being held at
the police matron's office at the City
Hall, awaiting the outcome of the In
juries suffered by his victims.
Both patients are resting well tonight.
The bullet which struck Groves has not
been removed, nor has it been definitely
located, although It Ls believed to be in
the muscles of the back. Unless un
favorable symptoms develop no effort will
be made to remove the bullet for several
days.
The bone in Woodward's arm was shat
tered and the necessity of amputation
may develop, but tonight his physicians
state that It Is too early to determine
whether the member can be saved.
NOBEL PRIZE FOR CR00KES
English Scientist Honored for Dis
coveries In Chemistry.
STOCKHOLM, Nov. 24. The Nobel
prize for chemistry will be awarded to
Sir William Crookes, of London.
Rudyard Kipling has been designated for
the literary prize. m
Sir William Crookes Invented the
rainometer in 1874. He was knighted in
1897. and ha been closely Identified with
many of the most Important advances in
science. Professor Crookes recently dis
covered a process of extracting nitric
acid from the atmosphere, which It was
announced would soon be available for
commercial, industrial and agricultural
purposes and would revolutionize the ni
trate Industry and the world's food
problem.
TIRED OF THE STRUGGLE
literary Couple In London Give Vp
and Drown Together.
NEW YORK, Nov. 24. A special cable
from London to 'the Times says:
Another story reflecting the bitter
struggle for existence of a section of the
literary and artistic life hers came to
EVENTS OF COMING WEEK.
Much IHHngr In Washington.
Preliminaries to the opening- of the
Sixtieth Congress wtU be the domi
nant featured of the week In Wash
ington. Speaker Cannon will confer
during the week with Congressmen
on the prospective personnel of
House committees and work to be
taken up by them. On Saturday
Democrats and Republicans will hold
caucuses for the election of candi
dates for officers of the House.
One of the Important meetings
is scheduled for Monday that of
the Inland Waterways Commission.
Cm Saturday bids for the S5O.O00.
000 Issue of Panama Canal bonds will
be opened.
The trial of Mrs. Annie M Bradley
for the killing of ex-lnited States
Senator Bvown will be resumed Mon
day. Urge Publicity Law.
The National Publicity Law Asso
ciation, which meets in Washington
Tuesday is expected to advocate the
parsage by Congress of a law com
pelling the publication of contribu
tions and expenditures of National
and Congressional campaigns.
The Inland Waterways Commission
at its meeting Monday is expected to
formulate a report on its Inspection
of the Mississippi River in October.
A dinner in honor of William J.
Bryan ls to be given in Washington
Tuesday evening.
A social event of importance in
Washington will be the wedding on
Wednesday of Miss Edith Root,
daughter of the Secretary of State
and Lieutenant Clysses S. Grant, son
of Major-General Fred D Grant.
Kvents in Foreign Lands.
The first general debate In Russia's
third Douma will be begun Novem
ber 2ft. when the text of the address
to the Emperor, as drafted by the
Octoberists, will be dlscussea.
Hearing of the perjury charge
brought by George M. Hollamby
Druce against his half-brother, Her
bert Druce, will be resumed at the
Marlyebone Court, London. Novem
ber 27.
The Canadian Parliament will be
convened November 28- This session,
the fourth of the parliaments of the
Dominion, will be lengthy and ardu
ous. Banquet to Magoon.
A banquet in honor of Governor
Magoon will be given by the Havana
Chamber of Commerce. November
30. The preparations have been
made by the merchants, of Havana
to accord him the biggest demon
stration ever seen In Cuba.
A dinner in honor of Secretary
Taft will be given at Moscow, Sat
urday night.
light today with the discovery in the
Thames of the bodies of Alexander Good
and his wife. Both were authors, and
Mrs. Good was also a painter of con
siderable talent.
The couple tied themselves together
and Jumped into the river after losing
hope in a battle .against big odds. Care
fully encased in waterproof paper in the
garments of both were found letters ad
dressed to the Coroner. They have not
been opened as yet. The couple dis
appeared from the cheap lodgings to
which they had moved on November 4,
leaving their last pennies to their land
lady, and a letter to a friend, saying in
part:
4'If you think of us in the future, do
not do so sadly. Remember that we shall
be asleep together, and what is better
than sleep after the long day's work?"
Mr. Good was author of several books
which were meritorious, but not popular.
His wife wrote under the name of Furz
Walsh.
KAISER TO PROLONG VISIT
German Emperor Finds Trip to
England Beneficial to Health.
LONDON, Nov. 24. Emperor William
continues to Improve In health and en
joys the dally walks and drives about
the neighborhood of High Cltffe. He has
decided to prolong his stay for a week
or two beyond the fortnight originally
contemplated, and Is planning short sea
cruises In addition to the motor drives.
The weather ls still fine, and Emperor
William today attended the village
church, joining heartly in the singing of
hymns. He was much improved in ap
pearance, and has lost the sallow looks
and careworn air which were noticeable
on his arrival in England.
CONTENTS TODAY'S PAPER
The Weather.
YESTERDAY'S Maximum temperature, 53
degrees; minimum, 48 degrees.
TODAY'S Rain; southwest winds.
Financial.
Plans for currency reform discussed at
length. Page 2.
New York bankers believe normal conditions
will soon return. Page L
Bryan says free silver would not have
averted trouble. Page 2
Foreign. Clash reported between troops and Insur
gents In streets of Lisbon. Page 2.
Recent mutiny on Russian gunboat incited
by four girls. Page 1.
Domestic.
Helen Mer tells of relations between "Buf
falo BUT and Mrs. Howard Gould.
Page 2.
Bradley trial will continue remainder of
week. Page 3.
National.
Completion Cuban census first step toward
home rule. Page 10.
Pacific Coast.
San Francisco ready to begin work of re
habilitation. Page 1.
Three little girls swept Into sea. Page L
Ashland Police Chief kills hobo by mistake.
Page 4-
Adams Jury disagrees. Page 1.
Boy of 19 kills himself because of unre
quited love for girl of 16. Page 1.
Portland and Vicinity.
Burglars rob Methodist parsonage for fourth
. time. Page 14.
Fortieth anniversary of death of Manches
ter martyrs celebrated by Hybernlans.
Page
Dr. Clarence True Wilson preaches against
President Roosevelt's change of motto on
new coins. Page 13.
Baby crushed to death in accident at Llnn-
ton. Page 5.
Landscape architect says Portland should
provide for future by perfecting her park
system Page 7
Rev. J. D. Corby preaches on hospitality
Page 12.
Rev. W. H. Heppe preaches on need for
purer soul life. Page 13.
Heavy gale causes collision in harbor
Page 13. j
JURY IN ADAMS
E
Reports to Court and
is Discharged.
EIGHT MEN WANT ACQUITTAL
Other" Four Firm for Convic
tion Out 21 Hours.
BALLOTS ARE ALL ALIKE
Five Taken, All With Same Result
Adams Xot Yet to Be Taken to
Colorado State Not to Oppose
Ball Hawley Disappointed.
SPOKANE, Nov. 24. A special from
Rathdrum, Idaho, to the Spokesman Re
view saya:
The jury in the Steve Adams murder
case was discharged at 5:45 o'clock this
afternoon, being unable to agree on a
verdict, after being out since 8:30 o'clock
Saturday night.
The jury stood eight for acquittal and
four for conviction. Jurymen J. F
House, Charles Dittemore, D. W. Gar
wood and S. A. Varnum were the four
men who believed Steve Adams guilty of
the murder of Fred Tyler in the Marble
Creek District of Shoshone County,
Idaho, in August, 1904.
Only Five Ballots Taken.
Five ballots were taken, all with the
same result. The jury was ready to re
port at 3 o'clock, but the court conferred
with attorneys for both sides and It was
agreed to keep the Jury out a little
longer.
Clarence Darrow, chief counsel for
Adams, tried to obtain concessions of
bail for Adams and of Immunity from
arrest by Colorado authorities until the
Tyler case is disposed of. No promise
was given him. Sheriff Bailey, of Sho
shone County, ls here with a warrant for
the arrest of Adams on the charge of
murdering Ed Boule, near the same place
and at about the same time the Tyler
murder occurred.
Adams to Have Bail.
It is understood that Adams Ls not to
be taken to Colorado at present, and that
the state will not oppose efforts to get
ball for Adams In the Tyler case. Dar
row will later make an application for
bail for his client, but will now hurry
to Boise for the Pettibone case.
Hawley, chief counsel for the state, de
clared the disagreement of the Jury will
have no effect on the prosecution of the
Tyler case again, or will It lessen the
efforts of the state to prosecute In other
cases wherein the Western Federation
of MinerB officials and prominent mem
bers are defendants. Mr. Hawley is dis
appointed at the verdict. Darrow says
the defense expected an acquittal.
SCANDAL GROWS GREATER
Criminal Libel Threatened in Brem
erton Political Mix-Up.
SEATTLE, Wash., Nov. 24. (Special.)
Criminal proceedings, the charge being
libel, are threatened as the result of the
political scandal which has developed at
Bremerton. George W. Trapey, foreman
in the shipbuilding department, former
Councilman of the First Ward of the
Navy-Yard town, and who has been un
der fire from the civil service for "undue
political activity," is the man who now
has a number of the prominent citizens
of Bremerton on the anxious seat.
Since the authorities at Washington,
D. C, have ordered an open hearing of
the charges brought against Trapey and
A. H. Freerksen, former Mayor, those
who testified at the star chamber ses
sion have come to Trapey and admitted
that they testified to things they cannot
substantiate, and are asking his mercy.
Trapey declares, however, that he will
Institute civil action for damages, and
that If the testimony develops what he
expects it will, he will force crim
inal prosecution.
MOORS CAUGHT IN AMBUSH
French Troops Administer Sharp
Defeat to Arab Forces.
ORAN, Algeria, Nov. 24. The
French troops have administered a
sharp lesson to the force of Arabs
which ambushed a French reconnoit
erlng party yesterday in a gorge near
Port Said. They have ravaged the
country, shelling the villages. Thirty
Moors were killed and many wounded'.
All the Inhabitants have fled to the
mountains.
TANGIER, Nov. 24. A dispatch from
Rabata announces that General Bag
danim. chief of Sultan Abdel Aziz'
army, has defeated the forces of Mu
lal Rachld.
INCREASE THE EXPORTS
Report or Bureau of Manufacturers
19 Made Public.
WASHINGTON. Nov. 24. Fifteen bil
lion of dollars represent the value of
the annual production of manufactures
in the United States. After careful
estimates made by experts. John M.
Carson, chief of the Bureau of Manu
factures, was able to make this state
ment in his annual report. The figures
do not represent products entirely hut
GAS
DISAGREES
Include products In various stages of
production.
Last year the aggregate value of do
mestic merchandise exported was $1,
S54,000,000, an Increase of nearly
$136,000,000 over the preceding year.
The report of the bureau groups this
classification with those of "food
stuffs partly or wholly manufactured,"
and "manufactures for further use In
manufacturing," the aggregate exports
of which lasti year were $606,000,000
and this amount added to "manufac
tures ready for consumption" makes
the aggregate value of manufactures
exported In the year ended June 30,
$1,306,000,000, or more than 58 per
cent of the entire exports of the year.
Special significance ls attached to the
increase of nearly $20,000,000 In the
exports of completed manufactures in
view of the fact that the exports of
cotton cloths declined more than $21,
000,000, this loss being entirely In the
cotton trade with China. The popular
feeling aroused In that country grow
ing out of alleged outrages against
Chinese residents In the United States
ls assigned as a contributory cause for
this decline.
The cotton seed products exports for
Mr William Crookes, Who Has Been
Awarded Nobe! Prize for Discov
eries in Chemistry.
the year were more than $30,000,000, an
increase of $!.500,000 over 1906.
The success attending investigation ,by
experts sent abroad has led to the adop
tion of the policy of specializing In
vestigations of trade conditions in for
eign markets. One of the obstacles to be
encountered in the export trade is the
uncertainty of transit between places of
production and the seaboard. Merchants
in the Orient especially complain that
calculation cannot be made as to when
goods ordered hi the United States will
be delivered, and In consequence orders
go to European houses that should come
to this country.
The bureau has been in correspondence
with members of railroad and steamship
companies with a view to securing more
reliable and more rapid transit for mer
chandise for foreign countries.
WOMEN START THE MUTINY
INDUCE RUSSIAN SAILORS TO
SEIZE DESTROYER.
Four Girls, Who Are Afterwards
Killed In the Battle, Are Active
in Revolutionary Propaganda.
VICTORIA. B. C, Nov. 24. The
steamer Kumerlc brought advices that
the recent mutinies at Vladivostok
were caused by four girls, who went on
board the destroyer Sukurni, and in
stigated the bluejackets of the destroyer
to seize tne omcers oi tne steamer ana
escape to Japan with the vessel.
They agreed, but decided to shell the
city from the roadstead before leaving.
A red flag was hoisted, and the destroyer
opened Are on the admiralty office and
the Governor's residence, and then ex
changed shots with the cruiser Mandjur
and three destroyers, as well as the forts
The englneroom of the destroyer waf
struck by a shell from the forts, and the
vessel was run ashore to prevent Blnk
Ing. The four girls who instigated the
mutiny were all killed, as well as a num
ber of the bluejackets, the remainder
being arrested. The mutiny was followed
by a most active campaign on the part
of the authorities against the revolu
tionists and consternation prevailed.
The British steamer Mary, which left
Vladivostok on October 31 for Nagasaki
was thronged with refugees. The Vladi
vostok correspondent of the Osaka Asahi
says the revolutionists, who are held
under strict supervision, were using their
wives to spread the revolutionary propa
ganda among the men of the army and
r.avy. outbreaks are expected.
SIGN PETITION FOR NASI
Italy United In Demand for His
Reinstatement Escape Feared.
TRAPANI, Nov. 24. At an imposing
meeting of 10,000 persons today it was
enthusiastically and unanimously voted
to petition the Chamber to permit Slg-
nor Nasi to exercise his office of Deputy.
so rar no disorders have occurred, but
further reinforcements of troops have
arrived from Calabria.
PALERMO, Nov. 24 A committee of
Nasi adherents has Issued a circular
urging all the Mayors of Sicily to go to
Rome and assist at the first sitting of the
Chamber of Deputies in asking for the
revocation of arrest of SIgnor Nasi, re
calling the fact that last Summer the
ex-Minlster first obtained the right to
be Judged by the Senate and later In
securing better conditions of Imprison
ment when all Sicily practically had
arisen in insurrection.
ROME, Nov. 24. A stricter watch Is
being held over Nunzio Nasi, the former
Minister of Public Instruction, who has
been on trial on various fraud charges.
hi Intention to escape being reported
from several quarters, although Nasi
himself strongly protests against such
assertions.
Brings Suit Against Japan.
VICTORIA. B. C, Nov. 24. News was
received from Tokio that John Hartley,
a Britisher who went to Japan In 1864
has brought suit against the Japanese
government for 1,000,000 yen damages for
having impounded opium imported by him
in 1875. while allowing Dutch firms arid
other foreigners to Import the drug.
!E IS
FAST RETURNING
Cash Piling up in Cities
of Interior.
NEW YORK BANKS ARE FIRM
Steady Flow of Gold Out of
Town Has No III Effect.
STOCK MARKET IS FIRMER
Sales of Low - Priced Securities
Bringing Out Hoarded Gold.
New Duties of Clearing-House
Having a Salutary Effect.
FIN AW I AL SITUATION.
NEW YORK Feeling of distrust- in
banking circles is giving way to
confidence.
Bankers axe awaiting: the next call
from the comptroller of the ourrency
with the growing conviction that the
reports will show a very general im
provement. A prompt resumption of normal
conditions Is looked for.
Hoarded gold getting hajrk Into
circulation In purchase of low-priced
stocks.
NEW YORK, Nov. 24. Announcement
before the beginning of last week's opera
tions of the Government offering of J50.
000,000 of Panama bonds and of J100. 000.000
of one year 3 per cent treasury notes
aroused bright expectations of decisive
results In breaking the currency famine
by the attraction that would be offered
to hoarders of money of an absolutely
secure Government obligation during a
period of distrust of usual investments.
The measure in sentiment waned during
the week principally by reason of the
complexities discovered in the working
out of the project. Detailed Information
was not made public of the amount
being subscribed by private capital.
On the part of the banks the prepara
tions to participate in the Issue were
found to affect the money and currency
markets to some extent and there was
much confusion in estimating the work
ing out effects of the transaction. Mean
time the Inflow of gold from abroad
continued In a steady stream and
iargo additional engagements con
tinued to be made. For the first time
during the present movement the Bank;
of France furnished part of these sup
plies, the transaction being based on
commercial bills of exchange. The new
source of supply thus opened up is con
sidered of great Importance.
Distributing the Cash.
Various indications prove how far
the banking situation had been strength
ened by the heavy wlthdrayals from
New York and the forwardings of
incoming gold as it arrived. Thus the
reports of conditions of Illinois state
banks in response to the call of the
State Auditor showed an Increase of
many millions In cash holdings compared
with the previous report In August, while
outstanding obligations had been heavily
reduced. The Canadian banks made re
ports in response to a similar official
call during the week, and these revealed
a like showing, which proved the large
drain from New York to that destination,
with an accompanying scaling down of
loans on call without the Dominion, large
ly placed in New York stocks.
Confidence Is Returning.
Bankers are awaiting the next call
from the Cnlted States Controller of the
Currency, the usual period for which
Is now passed. There Is growing con
viction that response to this call will
show the general banking position so
fortified by the strong current of cash
which has flowed out of New York and
out of foreign sources that the feeling;
of mutual suspicion and distrust which
have been by far the most potent factors
In the recent embarrassment will quickly
die out.
A prompt resumption of normal bank
ing conditions will be looked for as a
consequence.
Drain on Banks Shows Letup.
The weekly bank statement of the New
York Clearlng-House Association banks
was heralded as decisive of the definite
turn toward betterment in the banking
situation. Loans contracted for the first
time since the crisis developed and the
small cash decrease s evidence that
the concealed drain on' the banks has
come to an end, the decrease proving
less than was promised by the known
movements of money, in spite of the
throwing out of the computation of the
$13,000,000 gold arrivals on Saturday,
which were belated for a day by fog.
The stock market was under intermit
tent pressure last week, which was
shown In special stocks and at Intervals
of time. At other times the stock mar
ket showed symptoms of resiliency.
which was slight, however, and attrib
uted In large part to covering operations
by professional bears. The weakness
was assigned by general belief to a re
sumption of liquidation of a kind which
was withheld from the market during
its period of demoralization by the pow
erful Influences and resources of Inter
ested parties, but on condition of closing
out of the accounts and payment of in-
CONFINE
(Coacluded on Pag 3.)
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