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About The morning Astorian. (Astoria, Or.) 1899-1930 | View Entire Issue (Nov. 7, 1907)
.Jlwrsiiii lUIUSHCt FULL ASSOCIATED MESS HCPOHT ' jiinii iiiii.i -' "t"i 1 ' 1 fPi'j J"fTfttt - ! COVERS THC MORNING NCLD ON THE LOWER COLUMBIA NO. 244. VOLUME LXIII, ASTORIA, OREGON. THURSDAY NOVEMBER 7. 1907 PRICE FIVE CENTS MARKET STILL FEELS PINCH Operations on the Stock Ex change of Small Volume But' Upward Tendency. GOLO ENGAGEMENTS HELP IttsHaaii Coning Wit Most OoW Mtitg t Morfta't Houst of Load ing Banker Hlpt to KtUm Tension oa Operations, YOllK. Nov. 0,-Tb small vol timn of transaction la stocks today Index bow far U financial condition still hamper tht conduct of optratloa la tht market, but a strong upward tendency la prioi It convincing tvtdtaot of returning ennfldeir of tht value of securitie, Brokora oa tlx floor of tit took txehangs eummoned up too itua tUm by wUf tUt ttocki wr Krc. 14 meeting of th bankers at Morgan's house last night and today's aanouaet ntent that adequatt nwaturt would bo takta to support triut companies did much to lnplr belief that confidence would bt restored at in early day. The further engagement of gold for Import gava addlUonal promise of al 111 furtl.tr rtlltf for money condition. Th pro- ptct of vn pr rent from th Baak. of Kngtaad discount eni not to imptli confidence that Utt gold Import mora went will continue, NEW YORK, Nov. C-TU board of iHrtctora of. tat tailed, fiiaie Stttl Corportloo tody approved tbt purcha of ttork of tht Ttanesset Coal. Iron Railroad Company. Statet circuit oaiirt t bond for $2J0,. 000 required by Judge Wolverton t tht tlmt the temporary Injunction igalnst the enforcement of rat im granted. INDIANS CAUSE SUSPECTS ASSISTED, MADRID, Nor. fl.-Tht pollot jester day arrested thrt men on tht charge of being Implicated in the fraud by whloti th turn of 133,000 was obtained from tht Hank of Spain a week ago, through tht forging to a check of tht namt of 8nor Anseluto a formtr mem her of tb Chamber of Deputies. Two of tbt men apprehended art officials of tbt bank. Thej? wrt but tools. how ver, and it it known that tht prliicl pals got away with tbt money. APPLE CROP SMALL NEW, YORK, Nov. .-Tbs apple crop of tht United Stated for 1007 at tsU- mated by tht American Agriculturalist In It report to, Appear oa Nov 9, scant 84,000,000 barrel, mattral abort of last year. What it of grtat Lm porta net It tht tbortagt la such commercial orchard station at wttUrn Kw York, atari 'all of Michigan and tbt tntlrt Boulh wee I. Thtrt la what may bt stt dowa as aa abtolutt fallurt la Kansas, Missouri and Nebraska. Nsw York ttatt bat a good many sp- pies. but thty will bt needed, aad for that natter tht total It only about oat fourth to oat third of tbt full yield. Pennsylvania bat fairly abundant totals. NtwEngland baa rather mora applet than last ytar, dua solely to tht fact that Main baa a good crop. CISL CONFESSES TO ARSON. Tired Horn la Norwatk, Ohio, Tbrat Timet aad Finally Bawd It NORWALK, Ohio, Nov. 6.-Lola Ma thtr ba eonfeased that she burned her own bom to obtain $1030 insurance up ob it. Tt house was destroyed October 0, and in tbt two weeks prior to that tlm had been afire twice. Mis Mather made a written confession to the tu tborltle and to the ttatt Art marshal, declaring that she set Ore to tht hqute herself. Friends obtained ball for her 'when Justice Beclttold bound hr over to the grand jury. HOLD FISTIC CARNIVAL. SANTA .BARBARA, Cal., Nov. 0.- WUu bridge and fighting tops crowded with nearly 12(H) enthusiastic sailors as spectator, two svamcn of Admiral Day ton's cruiser squadron fought today for tht welterweight ohatnplorutlilp of the fleet on board the flagship West Vir ginia. Seaman WuJcn of. the Wet Virginia defeated Seaman Bruno of the Pennsyl vnnU, knocking lilm out in the fourth round. The winner received 73 per cent of a flOO purse. SMALL PLURALITY. ' NEW YORK. Nov. O.-Dr. Chnrle M, freeman, husband of Mary L. Wlnklns Freeman, the writer, was defeated for mayor of Metuohen, N. J., by 27 votes, Frccnmn is a Republican, but obtained the nomination on the Democratic ticket. . ARRANGE EARLY HEARING General Counsel for Lumbermen Leaves for Washington. ' PORTLAND, Nov. O.-J. N. Teal, gen eral counsel for the Oregon Lumber Manufacturers' Association will leave fop Washington in a few day to ar range for the early hearing of the uit of the lumbermen to restrain the rail road lines from enforcing the increased freight rates on lumber shipment to eastern terminals. (Member of the Oregon and Washington Lumber Manu facturers' Association and other Inter ested mill owner filed In the .United YANT FEDERAL BAN K Chicago Great Western Official for National Institution. LARGE AMOUNT IN TREASURY Govtrnmoot Ktept Immens Sunt Tied vp la Depositor! Whllt Baak Art Making Herculean Effort to Provide Cash For Country's Need. ST. PAUL, Nov. 6-Preldent A. B. Stlckney of the Chicago Great Wetern Railway Company la a published Inter view advocates, a national bank in which the government shall deposit its treasury fund. lie taldi "Official reports of United States Trwuury show on last Thursday Octo ber 31, there was locked up in the sub treasuiy, Idle and useless, the enormous turn of $127,170,030 actual cash, while banks in all the reserve cities of the United States had suspended cash payments and the movemcnt of crops had stopped and laborers were compelled to accept checks for wage lntead of cash, all for the want of currency, which want of currency New York bnnke were trying to relieve by importing about $.10,000,000 In gold, or abou one quarter of tho amount held in the treasury, idle ami useless. Can any system of government banking be con wived which would produce a more ab surd result? "Let us have a national bank which is not only good enough for people to deposit money in, but good enough for the government to deposit It'. money in." !Latcr.-The official of the bank estl mate the llabilltie at $2,50O.O0O, In eluding $010,0bo due other banks and the assets at $3,000,000 including $18, 000 in cash exclusive of trust funds. , MORE TROUBLE Utes and Sioux Very Restless and May Go on Warpath Any Day. SUPPLIES RUSHED TO SCENE Eight Troop ol Second Cavalry Lav for Son of Threatened Trouble Kt Occasion or InnodiaU Alarm Bat Situation Likely to Btcomt Serioua OMAHA, Nov. e.-Coloal Frank West tod tight troop of tht teoond United Statea caralrv tad largt quantitie of tupplit art being rushed to tbt scent of tbt Utt Indian trouble. It now ap- peart that tbt campaign against tho Utet may keep the soldi sr busy all wiaUc HURON, 8. D.. Nov. .-Jamet Ma- oomber bat arrived from tbt toeat of piled up In lome of the banks. In one bank it is said tht supply of cash is not far from $20,000,000, and tht depot its at that imttltution since the bank adopted the clearing-bouse certificate have' amounted to several million of dollar. Neverthelei the clearing-house com mlttee will havei before it today the detailed form of credit checks, which may Im Iued under the authority of the clearing-house association. These forms were being worked out In detail last night and adopted will be a medium for exchange for universal use, at con venlent as cash. It I likely these crelit check or certificate! will be In use before tht resumption of cash payment becomes a reality. Word came from Washing' too last night that clearing boue checks in small denominations to bt used at a convenient medium of exchange would be held by tht government to bt legal An opinion by Attorney-General 01 ney, gven la 1803, wts cited at evi dence that they would not bt considered a violation of the currency laws. POLITICIAN INJURED. SAX FRANCISCO. Nov. .-nvla McXab, the well known attorney and Democratic political leader, waa ran down by a runaway horse near Market and Kearney streets thl afternoon and sustained a fracture of tht tkull wblcb may result fatally. Latere Tonight McNab regained eon- in inoiaa iroum ana yt IM, ltt eciouwe. Th attending physician art very rastlest and omt open thrtatt n UMble to And any fracture of tht ... .. . . .... skuii aaa ao not oeneve nu injune art dangerou. are being made. A few dissatisfied SIojx btve joined tht Utet and whllt no occa sion for Immediate alarm felt tht matter may become ttriou tt any moment. STRIKE CALLED OFF. MORS EASTERN RETURNS. TRENTOy, N. J. Nov. 6.-Fraak S. Katcenbacb Jr, Democrat, concedes tbt election of John Franklin Fori, re- NEW1 YORK, Nov. 6.-A meeting of , publican, for Governor br 7.000 maioritv. tbt local branch of tht telegrapher'! yv y0aK, Nor. 6.-Chairma I - i Jlrjf-i a. t union uj wamj oecwea vo -upBT-1 Timothy L. Woodruff of tht Republic -o" ,...v . . m unnmiiiee wirea ine fmu- the telegraph eompanlet which bat been dent todav that vestenlar' renubllcn . a . - -. . - t. t m K on since August . - Tjctory ta KJn county showed Roose sjtrtr a fr . m ft t . t a " . " viuvtauv, avr. o. iufl Mirgrapner . Velf atrenath la Brooklyn. He aiid aecided today to call off the ttrike. tonirht that he believed tht demand DKN LR. Nov. fl.-The Commercial would bt anoh that the Pi.i,)pnf wM ieifgrapiier.' Lnton of America decldcd.be obliged to accept renomination. voony to unanimously cau oa us strut. PORTLAND, Nov. . At a meeting of tht telegraphers' union tonight the strike which ha been on for several month was declared off. 3 ANTI-GRAFTERS VICTORIOUS Election Veritable Landslide For Good Government League Supporters. LANGDON'S POLICY UPHELD Plurality of tbt Candidate lor District Attorney is Son FrsncUco't Answer That HIa Campaign for CMc Rlght tonroe la Approred. SAN FRANCISCO, Nov. 6 The elee- tioa la tblf city yeaterdjry proved a veritable landslide for the antlgrft letdere and return . from every prec inct so far received, show that tht Good Government, ticket bat been tverwbelm- Ingly elected from top to bottom. It la estimated that Mr, Taylor bat beta elected by a plurality of more than ll,- 000 vote, while District Attorney Wm. H. Landgoa ha to far a majority of 18,000 vote over McGowan hi apponent. Soma uncertainty U yet felt In regard to the office of auditor aad county clerk and two candidate for the peti tions, Ilorton and Mulcrevj on the Lnfon Labor ticket, have aparently run abend of their ticket. Thete, however, art the only possibilities apparent, and with these exceptions there will , be a dean sweep for the entire good govern ment ticket Tht election paesed of quietly, free from any riotous demon strations, and in spite of the tense strain which voter war subjected to there wa not the slightest disorder at the polls. At a late hour but night the toUl vote cast was estimated tt from 67.000 to 60,000. LATER . clared by Governor Gillett had passed, lie also declared the Institution was solvent. , CHANGE INCOME BILL. PARIS, Nov. 0. La Lantern lays that Finance Minister Caillaux hat In troduced several Important modifications in the income tax bill. Rent are mad exempt from taxation, no decitrationa will bt required from business men and radical change will bt made la th system affecting foreign securities. JAN KUBELIK ARRIVES. NEW) YORK. Nov. 6.-Jan Kubtlit tbt violinist who has just arrived In thl country from Europe Is to give 125 concert in tho United State under th management of Daniel Frohman. Hi first concert will be given at th Hippo-. drome next Sunday. On November 14 be will go to Chicago, . GLOBE BANS SUSPENDS. S sqojo tnj--9 aoj uy aannrf) tional Bank with a capital of $30,000 and deposit of $300,000. temporarily ftuspended today. Heavy draft on cash ia band, with no cah coining from outside bank forced th action. Tht fall legal lattava is oa bead. OaahJtr Smith ssyt the bank will pay dollar for dollar. ... . ADAMS' TRIAL. SPOKANE, Nov. 6.-The taking of testimony la the trial of Steve Adam for the murder of Fred Tyler about Aug ust 10, 1904, began thi morning. Tht courtroom wa well filled with specta tors. MORE MONEY COMES. SAN FRANCISCO, Nov. . At 8:30 tonight the court complete ia 241 pre cincts of the 273 in this city give Taylor, NEW YORK, Nov. 6.-Carrying ten Democrat and Good Government Leamie. million llnllH In mU h swiff ll.u.l.i eao. myvi tti t.l ,aa KAVSAariTV . tv. .. . . - . 0 "T ' " -.-. awS , ..... v.uu.k L.uaitania ia hum-vim. in v Vwt d i.k mr Commercial. Telegraphs bav. declared Vme nrne M ZZ Z' '2 v.. the atrike off e I -v..v o...., iujuuu, i r mm ,,iAAntf.nu.M .a k. . .1 it . . 1 t w . n . x"""u iw cwuu; nwk. . - I puoiican. mm. ana uooa uovernment the present rate of speed, 24.50 nautical tickets, 28,412; McGowan, Union Labor, mile per hour, the will reduce the rc-1 17,188. CURRENCY INCREASES, ord from four dava, nineteen hours and Chlctgo Banker. Hopeful That Coin Will j 52 minute, to four day. 17 hour, and 10 CONFIDENCE STRENGTHENS. TODAY IS HOLIDAY. ALBANY, Nov. 7. Governor Cham uerialn shortly after mldnitrht this (Thursday) morning issued a holiday proclamation for today. '-' DISPUTE SETTLED. LONDON, Nov. 6.-dUohard Bell an nounced tonight that the railroad dis pute was settled. Details were not giv en out at a late hour. Soon bt Paid. CHICAGO, Nov. 0, A untiment among some of Chicago' leading bank er that the time is fast arriving when a resumption of cash payment would be feasible and desirable and was one of the encouraging fea tures of the local banking situation yes terday. Thi. eentiment waa based on the increasing supply of currency being minutes. PORTLAND, Nov. 6.-Indicated con fidence in the financial situation was shown throughout the city yesterday and all Portland hunl-i nmirtaJ m.W ger O'Brien, of the Uarriman Interests, day. At all clearing-house institution w,c jrc.Hu.pi.oa , worn on i then were no sijrn of anxiety shown bv IToIIWil 1 Tl j I " ww iwnwvanu iiviu liWHCO U) CONTINUE CONSTRUCTION. PORTLAND. Nov. fl.-(.eneral Mana- Uie Ilwncot Knappton and the new steel bridge across river near Ooburg. from completion of the the MiKenzie depositor and money flowed in through the receiving wicket faster than it waa being paid out at the paying teller's windows. People who are in touch with the fin aiK-ial situation agree that the situation will improve from this time on. The new asset currency was in demand yes terday end a total of about $114,000 was issiled to city banks through the clearing-houe committee. SUSPEND BUSINESS Title Guarantee and Trust Com pany in Receiver's Hands. LIABILITIES EXCEED ASSETS Maasachnsetta Man Who Claim to Own Many Shares Make Complaint Stat Treasurer Hat $30000 of State's Money on Deposit in Institution. 1 SUSCRIBE MILLION DOLLARS. bblAl 1LE ov. 0. At a mas meet I itig of the Lumber and Shingle Manu facturers of the Northwest held here today $1,000,000 wa subscribed to In deuinify the fourteen orginnl signers of the surety bond demanded by Judge ITanford's injunction order against the railroads in the rate case. - SCHOONER SAFE. SAN DIEGO, Nov. 6. A special to the Union from Ensenada, Lower Call fornia, states that the schooner Ramon D., for whose safety there have been grave fears, was sighted off that port yesterday. She was bound aorth. ANOTHER BANK CLOSES. Uncle bam I'm amsqulshedl No matter how much Ood care I take of that animal or how well he is fed be will bowl. , , SAN FRANCISCO, Nov. 6.-The citi- sen's State Bank, a small institution closed it doors today. President Rag- ! laud states that the bank had resigned from the clearing-house and would sus pend business until the holidays de- PORTLAND. Nov. 6. Tht Title Guarantee A Trust Company of thi city went into hands of a receiver this afternoon. Judge Wolverton of the United State circuit court appointed George H. Hill, vice president of the institution receiver, who furnished a bond returnable in five days, at $100,000. The receiver was appointed on the com plaint of N. Coy, who gives bis place of residence aa Massachusetts and claims to own 592 shares of capital stock of the corporation. In his complaint Coy esti mates the liabilities of the concern at $2,040,000 and assets at $2,500,000 and states that .should the day to day holi days of Governor Chamberlain come to end, the bank would be unable to with stand a great and sudden demand for ready cash owing to it inability to quickly realize on its securities. In de veloped this afternoon that State Treas urer Steel has on deposit in the Title Guarantee something over $300,000 of the state's money. This money is .aid to be well protected by surety bond and collateral The Title Guarantee & Trust Com pany is one of the banks which was not in the clearing-house association, and ' baa 'been for some time past considered shaky. Later. It developed tonight that the Portland clearing-house association when appealed to come to the succor of the Title Guarantee refused to extend aid. RAISE FREIGHT RATES. PARIS Nov. 6.-HAt the conference held here two day ago, by representa tives of French, German, , . English, Spanish ant) Danish trans-Atlantic steamship companies an all round rise in freight rates was decided 'upon. These rates, as a result of the fierce competi tion, have become unprofitable. 17."" iwzir :;-.r w:';: V