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About The morning Astorian. (Astoria, Or.) 1899-1930 | View Entire Issue (Nov. 14, 1907)
NO. 250. VOLUME LXIII. ASTORIA, OREGON, THURSDAY NOVEMBER 14, 1807 PRICE FIVE CENTS CONFIDENCE INCREASES Financial Depression Has Reached Bedrock. BUSINESS 1$ IMPROVED 'Suspension of Merchant's. Na tional Bank Leavat no Pinl cky Results Apparent WILCOX HEARTY STATEMENT JaUrMtlBg Oplaloa Oflr4 bjr Kaaagar ... Ja B. Wbyt, of th Astoria Cham :j fc Ksar4 It th PorUan4ri Conr agtoui Stand and Ita Iflact. fORTLANA Nor. W.-Tht tb finon- dl flurry ha touch! bottom o far at Portland la concerned waa evidenced to dy la tb increased roluroa of busln (hat wm noticed la all line. Retailers and Jobber report mora buelne than baa been noUd tint tha beginning o , the bank holidaya. and la financial , clrclea renewed confidence la plainly p Tba failure of th Merchants' National .rock of the financial whlrlool and no apparent evil result ara to be found Jn ltik. . Incoming shipment of gold from for , elgn correspondent of tba leading bankt ara adding to the general confidence and II, i . . h ia eiaiea in authoritative manner tliat tht present holiday will be brought to a clou at the end of the current week, and the full resumption of currency pay mente be In fore. The official of the defunct Title Guar' ntee ft Truet Company which auinend d lat week were bound over to await the action of the circuit court in the aum of 13000 each, having been charged with accepting deposit while knowing tne bank waa Insolvent. Malicious rumor are aid to be the ..jmilU tt 4m Anutt tm II 41.. .1 l vi iu .uoivuaau National, but it I ataWd by the offkeri of the bank .that buolne .will be re eumed In a ahort time, The national bank examiner for thi dlstrfct, Claude Catch, I in charge of the bank' affair and la making a rigid examination of the book of the institution. No receiver will be appointed for the closed bank. , The statement of Theodore B. Wiloox, at the Commercial Club dinner Tuesday evening, that bis firm had resumed the buying of wheat, and that they had cash to pay for It, created a decided upward tendency on the board today. viDaniug vi vud tciiiuiks imuiu uy air. Wilcox at the Club dinner, Manager John IL Whyto, of the Chamber of Com. inerce, who w one of the Astoria dole' gatlon present, aaldi . "I have never seen a more marked In fluence exerted over a large body of men, most of whom were the loaders of finance and industry of their city and atato, than that wielded by Mr. Wilcox over the bankers, morchanta and busi ness men who assembled at the Com mercial Club dinner last Tuesday night . in Portland.; ; ,k .. vV - ' "He had been importuned to speak on the financial situation a number of times, at least to state hi opinion con cerning it, from it local standpoint, but bad refused until the night of the dinner. There wai no doubt that the very large crowd present, probably more than ,200, were largely down .there because it'iiad been voiced around that Mr. Wiloox would speak, And when be began to apeak he did not mince matter. He said that some of the men who had recently failed were nobody' friend, not even friend of themselves. He compared some of them to wild horse In the street.! But when he gave his opinion for what ever It iwa worth that th financial flurry waa now over, tbe banqueter! fair ly .went wild, : When lir a Utile climax he stated that the financial flurry was now over, It lmkod ilka they were ready to carry him about on their shoulders, If the dinner had not been lit the way. " "And when ha said be was going back Into tlie open market and buy wbeat from this time on, paying gold therefor, you may know there was something do ing. It baa been estimated that through this cash wheat-buying proee alone, there will preaently be many million of dollars of money In the Northwest, enough to mora than entirely restore tb former normal condition area If tbe New York bank do not see fit to send back tba money to thi section they are now holding through a process that It so mora honorable than highway robbery or grand lacany, rv" "At the banquet It cropped out mora than om that the bankers of Portland will ia tb future throw all their busi ness toward Chicago and take just at much away from New York aa posalbl. Chicago draft ara now all right, while New York la noted for It lack of drafts and in fact all other bankable arrange ment with this section." DECISION' RESERVED SXFUfUro GOLD. CHICAGO, Nor. U-Th Amertoaa Smelling ft Refining Company, which employe 400 mem at refining gold aii silver bullion In Ita South Chicago plant, la Oiling "rush" order for the govern melt by operating th iworka night and day, Within tb last few day th com pany ha doubled it usual shipment of gold and silver to th mint. Th uiual dally shipment hav been 43,000 ounce of silver and 13,000 ounce of gold. Now the snlpment are 100,000 ounce of gold and 30,000 ounce of silver dally. First Day of Trial of Mrs. Annie Bradley. v MURDERED SENATOR BROWN Many Talesmen Examined But Ara Ex cused as They Ear Objection to Hanging a Woman Defense Will Makt . Plea of Insanity. . " i , V '; " WASHINGTON, D. C, Nov. 13.-The first day of the trial of Mr. Annie Bradley, on the charge of murdering former Senator Brown, of Utah, was consumed in the effort to obtain a jury. When at 4 ovlock court adjourned for the day, the. number was still Incom plete notwithstanding 01 men bad been examined a to their competency. Eleven Juror occupied the ubjeot to challenge. The case was without special incident but question put by attorneys for the prosecution and defense served to define to some extent the line which are to be followed by both aides of the case. It was made evident that the attorneys for Mrs. Bradley twill depend upon a plea of Insanity a their only professed defenae. If-, there was any confidence in a plea of justification it was not expressed. On the other hand the prosecution manifest ed apprehension that the jury will be inclined to consider the case of unwritten law, and to shield the defendant from possible punishment, on account of her sox, and the government spared no pains to procure assurance that they had' no lurking conviction which would stand in the way of awarding punishment in accordance with the testimony on these accounts. Dny of the prospective jur or wore excused because they were op pose to capital punishment for women. WOULD IMPOSE FINE. S ', LANSING, Mich., Nov. 13.-The fourth week of the constitutional convention of the State of Michigan ha been marked by the Introduction by Delegate Bar bour, a Detroit lawyer, of a proposition to stimulate interest by imposing a Una and imprisonment upon ; citizen who fall to vote and by allowing a rebate ol three dollar or tome other fixed amount in the taxe of citizen who do vote. ' Arguments in Harriman Inquiry Finished, j IMPORTANT PRECEDENT Interstate Commerce Commis sion Should Have Right to Question Railroads. WEST WOULD BE THROTTLED Commission Making Inquiry Which Ifl toIvm Qution of Whether or Hot th Great West Shall be Dependant en Harri man's Pleaiur. , f NEW YORK, Nor, 13.-After seren hour and a half In argument on both side of the question. Judge Hough of the United State circuit court announc ed tonight that he would not be ready to render any decision on the petition of th Interstate Commerce Commisaion to compel E. H. Harriman' to answer certain questions propounded to him last spring In the course of the commission's investigation into the Harriman Usee, until December 1. Opposing counsel were given the privilege of filling brief dur ing the next two week. Th arguments, wliloh were not concluded until after 6 o'clock, took wide range and the privi lege and power of the Interstate Com merce Commission were gone thoroughly Into. Former Senator Spooner, of Wis consin, appeared for the first time in the case and argued in defense, of tbe position maintained by Harriman, that he be not compelled to tell the commis sion what individual profits he made in selling stock of other railroad held by him to tbe Union Pacific Company, or to detail the manner in which the fa mom 10 per cent Union Pacific dividend wa declared in August, 1900, and it's announcement deferred for two days. Harriman alo declined to say how much stock of the Union Pacific, if any, be bought just before the announcement of the dividend. John G. Mllburn wa also heard in behalf of Harriman and In oppo sition to the petition filed by the com mission. On behalf of the government arguments were conducted by assistant Kellogg, special counsel to tbe commis slot). Harriman' counsel contended that all tb ttock purchase by tbe Union Pa cific Railroad were made on the recom mendation of the board of director ana ratified by the stockholder. All that Harriman bad done had, met iwith the fuIWt approval of the stockholder of tbe Union Pacific. He said all owing for th recent dump in price of Union Pa clflc bad (till profited by ttock purchases for no less than (32.000,000. Milbum said this fact should silence the claim of the commission that the stock purchase tended to Impair the effectiveness of railroad engaged In interstate commerce Kellogg in reply said the so-called mark et value of tbe stock wa nothing ebw thsn a Wall street quotation, probably fixed by the very pool of men who it ia claimed were behind the stock deal. Aa to the impairment of th usefulnesi of tbe railroads, Kellogg asserted that road of inflated values were today nil' able to borrow money to carry out their obligation to the public. "The same ap plies to road without inflated values," rejoined Mllburn. Spooner declared tbe stock deals between Harriman and tne Union Pacific had notbinf to do with interstate commerce and were of con cern only to the individual and the stock bolder. Kellogg declared the commis sion had the right to inquire into the use to rwhlch the money of railroad were put. Hough interrupted the attonJ aey of both tide with many pointed questiona. Ho said among other thing that be did not ae what the deferred dividend announcement of the Union Pa- clflc had to do with interstate traffic. Ha also asked, if, after all, the commis Son wa not merely trying to show who th individual wa from whom the stock wa bought -which Harriman subse quently sold to the company. Kellogg aaid the commission sought to get at the bona fide of the stock deals. In gn end, he declared, the commission was making Inquiry which involved the que' tion of whether or not the great western territory of the United States shall be dependent on one man for it's develop. ment and whether or not there shall be railroad competition between tbe Mi souri River and the Pacific Coast. Kel gg In concluding hi argument sal Jl th commission questioned the propriety of Harriman sitting upon tbe committee to fix the price of stocks he held and wa about to aell to the Union- Pacific. I know," interjected Mllburn, "but what are you going to do about it?" DISCOVER PLOT. aasss . t Military Document Were to be Sold to ! Germany. WARSAWoland, Nov. 13.-Authorl- tie of thi city today made several ar rests in connection with the discovery of a sensational plot for the sale and con veyance of a quantity of military docu ment to Germany. In false-bottomed valise were found train schedules, of Poland a well a plan setting forth the number, size, speed and capacity of tbe trains. These documents laid bare the QUOTED. THE cnitES Defense Grills Detective McParland. USE BIBLE CHARACTERS While Trying to Induce Adams to Confess Tells of Redemption. WONT COmE BACK TO TESTIFY Wa. J. Chandler Who Waa ift Kaibl Creek District at Tim ojf Harder Da- cunts ta ume bock as ne rear xaeei tag With Fool Play. possibilities of concentrating Russian District Attorney Stimson and Frank B. troops In Poland. , ' SPOKANE, Nor. 13.-A specir.l to tb Spoke man-Revkiw from Rathdrnm says that progress In the trial of Stevo Adam wa delayed this afternoon through th dewlre of Clarence Darrow ta go to Spokane to have a specialist examine, his ear. Had the trial not been delayed the state would have finished it's testimony- m-chief. During "the afternoon Jame McParland testified that he is an Irish man and waa questioned regarding the Mollie Msguire and bi connection with breaking up that order. Coming down to Adams' confession, McParland wa questioned by Darrow regarding state ment made to Adams to indue him to make (he confession. He had told Adam? of character redeemed after having tin ned. Darrow aaid: "So you told him of bible character to insure his soul's safety and of Ely the Bum, to insure him his body would be safe," queried Darrow. ,I told him the tat most . alway helped a mtn who'acted fairly with it," replied McParland. Wm. J. Chandler, who was with the fishing party about the time of the Tyler killing in the Marble Creek dis trict and who has fled to Butte fearing to meet with foul piay if he testified against Adams, has notified the prosecu tion by telegraph he would not come back to testify. Hi testimony taken at the Wallace case was introduced through affidavit. Chandler" testimony support the contention that Adam wag in the Marble Creek country at the time the crime was committed. tion on charge of defrauding the state treasury, was continued yesterday. Dep utgkCappell made a deposition before the court which ia considered to be dUa- trou for the defense. Cappeli declared that at tbe beginning of tbe investiga tion he wa convinced of the Innocence of Nasi, but that the avalanche of evi dent had obliged him to change hi opinion. Among other things he said that the committee baa been informed by a deputy that tbe ministry of public in struction under Naai had become tb headquarter of tbe Camorra and th Mafia. The committee bad examined cer tain forged receipt for subsidies intend ed for poor school teacher and had found that many of the were signed with fantastic name, tuch a "Donkey," "Liar," Thief to, which showed the impudence aa well aa the criminality of the forger.' (v;,.. Several newspaper declare that Naai has in reserv tome seut tonal revela tions whieh ha wiD make at the hut moment. Thi consist aa alleged proof that he gave the missing money to th late Premier ZaaardelU to assist ia th anti-Austriaa propaganda, ia the Italian province still subject to Austria. CHANGE 19 KANAGEXEJIT, , NEW YORK, Nor. 13-Announoement wa made today of aa important ebaurg ia th management of the Northwestern Commercial Company, following aeriea of conference which bad beea in pro gress in this cky or two day. President Joha Rosene ha fees ucced4 by W, R. Bust, manager of the Tacoma Smelt ing Works. H. J. Douglas wa elected auditor of tbe company. - " The reason given for Mr. Bosene'a re tirement waa ill jhealth and a pressure of 'other businesa. Ho will continue as a member of the board of directors. STOCK SOLD fiO GOOD Walsh Borrowed Money Watered Bonds. On PRIVATE ENTERPRISES BUILT .tir Issued Many Million of "God Brick" Securities and Turned Them Into Bank Wamed by Bank Examiner and Promised to Stop. TRIAL DATE SET. THE TRIUMPH OF THE CZAR. The Czar Tlfere. I knew I'd get a Duma that would eat right out of my hand. The new Duma will be very conservative in every way. New Item. Harry Thaw Case to Come np For Hear, ing Next Month. NEW YORK. Nov. 13. The new from Pittsburg that Miss Ida Vera Simonton, who went abroad to bring Mrs.. J. C. Holmajt back to this , country, would come here to testify against Harry Thaw at his second trial doea not appear to perturb the defense. ' Martin- W. Littleton, chief counsel for Thaw, said that Miss Simonton'g testi mony, as reported to hira appeared to be nothing more than a collection of stories current about the doings of Thaw and Evelyn Nesbit abroad and would not have much bearing on the case. The defense which will probably be insanity, is now practically ready. If insanity is the defense, it Is said that the woman's testimony concerning Thaw' action and eccentricities will be of about as much value to the defense to the prosecu tion The trial ia set down for the first! Monday in December. CHICAGO, Nov. 13. The trial of John R. Walsh, ex-president of the Chicago National Bank, on the charge of misuse of funds of that institution, formally -opened today. The jury was completed shortly after noon and assistant district Attorney Dobyns commenced the prelim inary statement in behalf of the state. In brief, according to Dobyns statement of the case, the following ia charged against Walsh: That watered stock to the amount of $25,000,000 or $30,000,000 would be issued. Walsh, through his employes would vote this stock to him self. He would then eell the stock to the bank, taking the money to build up big private enterprise. All stock sold by Walsh was practically valueless. It was the practice of Walsh to make loans to one of his companies and then sell bonds of that company to the bank. These bonds were practically worthless. Dobyns says in 1903 that Walsh was told by the bank examiner that the Chicago National Bank was being loaded with securities of Walsh's private enter prises. The examiner ordered him to take the securities out and Wftl&h promised to. In 1904 the bank was found in the same condition, the warning was repeat ed and Walsh again promised to remove the securities. - Another examination showed the bank in worse condition than ever and it was then ordered closed. FOOTBALL CAPTAIN SICK. CHARGED WITH FRAUD. Trial of Former Minister of Public In struction Continued. ROME, Nov. 13. The trial of Nunzio Nasv former minister of publio instruc- CHICAGO, Nov. 12.-aptain Leb De Tray of the University of Chicago foot ball team is on the hospital list and may be out of tho running for the Chicago-Carlisle game. Da Tray waa taken sick in practice at Marshall Field yesterday and was sent home with an attack of the grippe, which will keep him out of tbe game for the greater part of the week at least.