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About The morning Astorian. (Astoria, Or.) 1899-1930 | View Entire Issue (Oct. 18, 1907)
V rw. miaiicufi mil taonrilTrn PRfftA REPORT TTS - V$C&!!&Jl COVtRSTHlMORNINarHLDONTHtLOWIRCOLUUSI WO. 243. VOLUME LXIII. ASTORIA, OREGON, FRIDAY, OCTOBER-18, 1C07 Fr.icE Fr;E ce:;ts riONEY IS NOW - LIKE LIQUID EH. Harrlman So Expresses Himself in an Interview at Chicago. SHOULD NOT BE OBSTRUCTED A I JUarriman Sayi That an Obstruction Has' Been Placed Before Liquid Stream of Money That Hai Already .Caused a serous Cluck to Ita Flow. CIirCAOO, Oct 17."Money is liquid, the moment you place an obstruction in front of it, it cauws diminution, or ilow." Tble i one of tlie new financial .tphorUmi to whloh B. tt HftrrtmaB who came to Chicago to battle ; with Stuyvesant Fish gave utterance when ked to express hie ideas about the future of the country. "Thin obstruction," he said, Jba been placed in front of a liquid stream of money and. it ha already caused a ser loue cheek in ite flow. This obstruction la the apprehension which baa run like prairig fire , through the land and per meated the mind of the people. It haa IxM-n called partially, If not entirely by 'agitation against eorporatlona in gen ral and railroads' in particular and it wiJI taut until the people awaken to the fact that we m tint have saner com- jrehenlon upon these important sub ject." ' , " w ' Asked if he looked for any iuu fleet from rapidly changing conditions in financial and railroad work, llarriman replied i . "I, da not. I think the country too gri'til and too prosperous to have a money panic"; , Harrlman was uked if he really thought that the alleged difficulty In raining capital was not largely in the imagination of those who gave expres alon to thought. ' " no mean, be replied. "The difficulty in raining money Ik real and not a fancied one. Ask any merchant whom you should chance to meet why it it he it not carrying a large a stock at waa bis custom, lie will reply it it because, of his Inability to raise suf ficient capital to carryt a large stock. There is a general lack of accommoda tion everywhere in the United States and it is not confined to this country. I do not fear any serious result, how ever, because it is claimed liquidation practically has taken place on Wall street and the people will after a time realize that a large part of their appro- tension is groundless and that they will rmiav nut wibl jm vi viluiiv imuio mm once, that the time has come for ration between the national gov ernment and the railroads and other corporations and also between state governments and the railroads and other corporations." REDUCES ORE AT SMALL COST, they play a game wjth the State Agri cultural College team. This -will be their first game of the season, 1 And the team which Is a strong one and in excellent condition are determined to make a good siiowing. Many enthusi asts ' from this dtyi -would like to ac company them but the three days trip, necessary, deters them, Much interest is being taken In the result and all wish them well. The line up of the Astorians will be as follows j . Hoover and McAndrews, ends: Bay and MJnard .tackles; Qrimens and Ben on, guards) Morrison, center t Hughes, quarter) Stebbiek, fullback) Graham and Carlson, halves) Malagama, Up shur and Larcen, substitutes. Jackson, manager,': ' ' ;f ' ': ' TROUBLE AT VALDEZ. SEATTLE, CHitTlT-Wild rumors reached here yesterday that Valdez, Alaka, was in the hands of an infuri ated mob of 1000 excited laborers on the Alaska Home Railway. The rumors were partly discounted by Alaskans and Alaska corporations having headquar ters here. The Northwestern Steamship Company steamer Saratoga was . to have sailed at 10 today from Valitei with as many of the unemployed la borer aa she could carry. Great un easiness cxlits among Alaskans here. GONE TO DESTROY A DERELICT. BOSTON, Oct. 17-The torpedo cruis er Vesuvlous " has started from, the Charleston navy yard In an endeavor to lwate and destroy a derelict which U floating about some 00 miles east of Bonton lightship. v Incoming stamers have reported the wreck to the hydrographio office at, Washington as especially; dangerous, and the navy yard officials were directed to sond a tug or some at-iall craft out to find ami destroy it. , COPPER CAUSES CO-UW" Ifew Concentrator at Toronto Cuti Ex pense Considerably. l TORONl'O, Oct. 17. The Canadian Pulverizing Company has' had a con centrating, plant working on the lake aide of the exhibition grounds reducing silver ore from the Tretliewey mine at Cobalt! The concentrator is an ingen ious contrivance for reducing the ore at a small oet. The company claims ,lt can establish a firet-class plant at "nbout one-third the cost of other eon--centratort. ' - The company also guarantees to ex t, wt OS per cent of the ore values. The, i capacity of the present plant, if operat- n e A, ' A "A . ing live iai)ie, is aoout nve ions an hour, or 100 tons each working-day. The plant can be run by a ga engine. The value of a concentrator consists mainly in the fact that the ore-bulk can be reduced from a tno weight to' 100 pounds weight before being shipped to the mselteP, thereby reducing to an; ex traordinary degree freight 'charges and delay in refining. ASTORU VS. CORVALLIS. Astoria Football Team Leaves for Cor vallis to Play Their First Game. : ' ... .. . , . ' . The Astoria footbau team loaves tuts unornmg ana will go to uomuu wner ATTEMPTED MUHDF.lt Ex-Minister of Nazal, Mexico Shot at. : , f, IORE TROUBLE Sensations Follow Each Other in Financial District in New York. HEINZE RESIGNS FROM BANK The Failure of Haller Zehla tt Co Prominent Brokers of Hamburg is Announced With Liabilities Placed at 700,000 Atmosphere Partly Cleared. FIVE SHOTS WERE FIRED He Refused Offer of a Reward For Divulging Hiding Place of Alleged Revolutionist and Was Threatened With DeathFainted When Shot at CIHCAGO, Oct. 17. The police are to day investigating the alleged attempt to murder Kmil Painpo, aaid to have been the wealthy minister of Nasai, Durango countys Mexico,, Pampo claims that be was fired at five times this morning by a dignified man while walk ing in Ohio atreet near Lincoln Park, lie declared that he was the same man who several days ago approached him saying that he waa agent of President Diaz and offered him $5000 to reveal the hiding place of J- Jerusegul, said : to have been foremost in a revolutionary movement. , He refused the offer and was then threatened with death. Pampo fainted when fired at. .The police have decided to hold him and investigate fur ther. No one saw the attack, but shots were heard by various persons including the policeman who .was two blocks distant. The the officer appeared the alleged aaauilant had- disappeared. S 44 IMMIGRANTS DEPORTED. : Spaniards and Portuguese Violated Law in Gaining Entry to Hawaii. - ' "WIASHINGTON, Oct. 17. Forty-four Immigrants who were deolared to have been admitted to the territory i of Hawaii in violation of law are on their way to Europe,' having been depdrted under warrant 1 of the secretary, of commerce and labor. Of the lot 20 are Spanalrds arid 15 are Portuguese. The alien were taken to Hawaii on a steam er chartered by the territorial govern ment, which will bear all the expenses Incident to their deportation. When these Spaniards and Portu guese land at their destinations they will have traveled around the world. XEW YORK, Oct. 17. Sensations followed each other in rapid succession in the financial iUiAti today as a result of the collapse of a projected cornfr in United Coflper anil the suspension of a prominent brokerage firm yesterday. The firm of Otto Heinze & Co was sus pended from the stock exchange and F. Augustus Heinze the Butte copper mag nate resigned the presidency of the Commercial National Bank of New York. The Amalgamated Copper Com pany, at its director' meeting ut its quarterly dividend from 2 per cent to 1 per cent. The directors of the Boston & Montana Company declared a quarterly dividend of, 18 in place of the former dividend of 12. -Tbe failure "of Haller Zehle & CoM prominent brokers of Ham burg, with liabilities that may reach $7,000,000 was announced J The State Savings Bank of Pjje, Mont, of which the Heinze are principal "stockholders, suspended. As a result of the sensa tions the stock market was baiting and irregular but there was apparent feeling that the break of the attempted corner in United Copper had , cleared the atmosphere somewhat and the market rallied before the close.' The suspen sion of Otto Heinze & Co, of which firm Max MV Schultze is the stock exchange member was based on a complaint to the exchange by Gross' & Klecburg -who failed yesterday. This firm charged Heinze & Co., with the refusal to ac cept 3211 shares of United Copper said to have been bought on the order of Heinze firm. This act, Gross & Klee berg state was responsible ' for their failure. Attorneys for this firm stated today that" the amount owing to the Arm from the Heinze firm aggregates $000,000. The Heinze firm announced l (hat it is perfectly solvent and that l due to the fact that he wished to devote all his time to straightening out hit brother' firm, He stated positively that he bad . not disposed of his holdings in the bank and that the control would remain where it had been and that he would continue , as director. United State Controller jtf the Currency RiJg ley) has been tendered the office of president of the bank but has not yet decided whether be will accepted. FRENCH LINE FAVORS, CANADA. MONTREAL, Oct. 17, L Compagnie Generale Transajktntique has about de cided to turn a number of its vessels from the New York to the St. Law rence service,' thus increasing the serv ice between French and Canadian ports. The only direct service between France and Canada at the present time is con ducted by the Allan line. It la expected that the French line will place La Bretagne and La Gaacogne, two of their older and smaller vessels, on the Canadian route. The French line is now looking for a subsidy from the Canadian government. A commercial treaty with France for Canada's benefit was recently negotiated by Knglaud. , ; . . : i CHARGED WITH CRIMINAL LIBEL. SAN JOSE, Cab, Oct. 17.-Charlcs M. Shoitridge, ex-State Senator, editor of the Dally Times and former owner of the Mercury, was arrested at noon to day on the complaint of Congressman Hayes on a , charge of criminal libel. The action grew out of an assertion made by Shortridge in a public speech latt Thursday evening that he had in formation to the effect that "Hayes had burned his former mansion at Eden vale for the; insurance, which atatement to gether with other serious accusations were published , in Shortridge's paper, the following morning. Judge Brown Axed Sbortridge's bail at $1500. Short ridge was released this afternoon by Superior Judge Richards on" giving the bond required. - ' "' , . ROBBER COMMITS SUICIDE : DAWSON, V.'t; Cvt. I7.-George Kineaid, head carpenter of the public works department in the Yukon terri tory, arrived here in charge of oflicers from Selkirk charged with stealing $40, 000 which had mysteriously, disappeared from a registered mailgack delivered here last July from Fairbanks. Evidently suffering from remorse and shame Kineaid drank the contents of vial of poison, dying instantly. Richard 'Hall, a bookkeeper, has also been arrested on the 'same charge. He ig closely confined in the police bar racks. . . ' SAVINGS DAI OF . BUTTE SUSPENDS One of the Largest Institutions In Montana Closes its ' Doors. BAKK SAID TO BE SOLVENT Sensational developments are exoect all legal obligations will be meU At- thig afterjl00n at the v preliminary the bfncials . ROADBED IS SAFE. LTNCOLtf, Neb., Oct.' lf.-Jtailway Commissioners. :W31liams, after inspect ing the Missouri Pacific tracks in Ne braska; has pronounced the roadbed un safe. He urgcs,",tfhat passenger trains be restricted to a speed rate of 20 and heavy trains to 15 miles an hour. torneys nay that the suspension by the Stock Exchange was accepted by the firm in order to give the latter time to sift its legal obligations from the enor mous claims which have been made against it which it is alleged they are not legally obliged to pay. The resigna tion of F. A. Heinze from the presidency of the Mercantile National Bank, it is said, was decided on at a midnight meet ting at the home of C. W. Morse, who is largely interested in the bank. It was announced this morning Heinze at the same time giving out a statement' in which he said that his resignation was hearing as several of also under 'suspicion. are - FIRE IN BROOKLYN. BROOKLYN, Oct. 17. More than 100 Eust Side families were forced from their homes, six flreme were injured in a back draught ! and $350,000 damage were the results of a, stubborn blaze which started in a six-story factory building at JL76. ' 178 ; and 180 Grand street, 'Manhattan," eark. this morning and destroyed it. . . 7 v ' GETTING OUT OF REACH. Au airship that goes up all 0. K. Board of Directors at a Meeting De cide That Owing to Unsettled Condi' tions and Unverified Rumors it Was for Interests of Depositor! to Suspend BUTTE, Oct. 17. The State Savings Bank of Butte, one of the largest insti tutions pf the kind in Montana, closed its doors shortly after 10 o'clock this morning. The proceeding -was the re sult of a directors' meeting who posted notices stating cause to be the unset tled conditions and unverified rumors that may cause excessive demands by depositors and owing to a shortage of currency the bank deemed it to the best interests of the depositors to suspend. "The bank is solvent," the statement ends. It was explained in the event of a run the bank would not lie in a position to pay out" all demands any more than any other bank in the citr. The rather tight condition of money, failure of Otto Heinze &. Co and the jreneral uncertainty pervading the coun try entered into the calculations oi the directors. It is stated that the bank will pay out inside of 60 days. Otto Heinze does not owe the bank a dollar and F. A. Heinze less than $300,000 which is amply secured. Mr. . Largey, president of the bank, owes it $7500 and is able to par, many times that amount. The bank holds on hand about $800,000 and has deposits, amounting to about $3,000,000. There are about 6000 depositors and of this number 575 are commercial deposits, others being the savings of working people. The directors announce that they will proceed with the building of the new bank which is nearing completion and which will cost about $200,000. State Bank Examiner Collins will take charge of. the bank to morrow. purely a domestic matter, over which the British pwtoflk has jurisdiction, the authorities let it be known that there was no intention of the postmast er to select Holyhead, Queenstown or any other place as a port of call for mail steamers. - It appears that when Second Assist ant Postmaster-General .McCleary waa in England early in the spring, he con ferred with the British authorities on a number of questions with a view of im proving the mail sen ice between the two countries. ; People at Holyhead, Queenstown and elsewhere, with commendable enterprise, put in a good word for their respective communities is the event that -any change was to be made in the present arrangements. " " v 'r 1 Holyhead, more pushing than the others, did what would be called in this country "boosting" and soon the word was paased around that as s result of a report made by Second Assistant Mc Cleary, it would be named as aport of call for mail steamers operating between New York and Liverpool. The American epnsul at Liverpool scented danger and advised the State Department. The State Department got busy and in turn notified the postofike department. The latter promptly let It he known that none of its officials has any desire to interfere in the domestic affairs of Great Britain. Thns was averted an incident that might have developed into interna tional complications of great moment. FLOODS CAUSE GREAT DAMAGE. PARIS, Oct. 17. Dispatches from the center and south of France today all conrm the worst rpports of destruc tion caused by the floods. In hundreds of cities and towns there is from two to ten feet of water in the streets. The -weather is clearing and the worst ap pears to be over. u CDLOIIOFOR LI Mrs. Magil! so Accused in Testi mony of Husband. DOLLAR WHEAT OF EXCHANGE. Forty Thousand Bushels for May Deliv ery Handled at That Price. SEATTLE, Wash., Oct 17 The heav iest price ever paid at this season of the year for wheat for May delivery was the basis of tjrade yesterday in the Merchants' Exchange. The sale was distinguished also by the fact that it is the heaviest ever put through by the exchange, he amount was 40,000 bush els and toe price paid was Jfl per bushel. This is the first season since the early history of the exchange when there has been any active trading in wheat, but this year considerable quantities change hands daily. Wheat at the present price of 94 cents per bushel, delivered here, ig 40 per cent higher than at the corresponding tune last year. This explained both by short crops over the greater part of the. wheat-prodiieing area of the world and in a contributing degreo ' to the bull campaign, thus far successful, of Robert A. Patten, m the Chicago pit.' The novel spectacle is af forded this year of big crops ana high prices at the same time in the State of Washington. Farmers are the princi pal beneficiaries of the Patten cam paign. .. j : SHE WAS VERY DESPONDENT HOLYHEAD TOO PREVIOUS. Report That United States Favored it as Port of Call Denied. WASHINGTON. Oct 17 What might have developed into an international in cident necessitating possible exchange between the London foreign office and the Washington State Department, was nipped in the bud today, when James T. MlcCleary, second assistant postmast er general, announced tnat it was not true as reported in Liverpool that he had recommended the selection of Holy head; a city on the coast of Wales, as a port of call for mail steamers plying between New York and Liverpool The information that such report had been circulated in Liverpool was made known to the State Department by the Ameri can 1 consul. As designating ports of call on any of the British Isles is The Magill Case at Decatur Continued Today With Defendant on the Stand Found Her Dead in the Morning Gave Her Beer Previously. DECATUR. Oct 17. The early part of today's session of the Magill case was occupied with reading seven letters identified by Magill's daughter when ahe was on the stand yesterday as having been written by hef mother while the latter was propped up in btl previous to her death. Ar reading the let ters MagiU himself was placed on the standi as the first witness of the. day. Magill toll of his wife's despondency and said that he saw her propped up in bed writing letters. He- told of the in cident testified to yesterday by his daughter,, ) when the j, veterinarian was called, to chloroform a horse and Mrs. MagiU ' stated on that occasion that she wished' the chloroform was intended for her instead of the horse. He said that Postmaster Davidson, of Clinton, had told that Mrs, MagiU had told the post master she was taking chloroform and that Davidson had told the witness h had said to her: ": - . . "You had better get a "gun and , kill yourself, instead1 of taking chloroform," He said that on the night Mrs. Magill died she had requested Marguerite, her -daughter, to, telephone to Fay Graham not to forget her promise, whatever it was, that Fay had made to Mrs. Magill. Just, before he retired that night, wit ness said his wife requested him ges her a bottle of beer. He gave her a bottle from the ice cheat and then retired. Is the morning when he awoke, ha saw his wife, was not in her room. .He made a search of the house and found her in a spa're room, lying down, with a blanket wrapped tightly around her. He spoke to her but got no response and upon ex amining her found she was dead. MagiU said he detected the odor of chloroform. MORE CASES OF PLAGUE FOUND. SAN FRANCISCO, Oct 17. The fol-, lowing plague report waa issued by the board of health todays S'nee yesterday, 2 new suspected cases, 1 death.. Totals to date, 69 veri fied cases, 41 deaths, 11 discharged, II remaining, 30 suspects. ,