Durango semi-weekly herald., 1902-11-13


building is its kitchen and dining
room arrangements. There is also
library together with readingrooms
and committee rooms.
Ever since its organization the New
York chamber OF commerce has stood
formost among the commercial or
ganlzations of the western world
The original object in asking charter
of King George Ill Ia 1870 was to
encourage trade. and that has been
its primary object ever since. 1t has
jealousy watched the commercial leg
slation of the state and nation, and
has always expressed its opinion for
or against proposed lines of action.
The chambers membership roll un-
doubtedly represents more wealth
than is represented by any other or
ganization in the world. There are
,millionaires by the hundred. and when
they speak as body in resolution or
protest their voice is usually needed
by both state and national function
aries.
NE w YORK. Nov 1.-THE presi-
dent arrived here this morning and
took breakfast with President Butler
Of Columbia university at University
clb Afterwards he called upon Mrs.
Robinson. his sister. who is sick. This
afternoon he Will attend the dedication
OF the New York Chamber Of Com
meree building.
The dedication was attended by ex-
l It,.I,. tFa a
commacial representatives from the
great nations OF the world, and
French, Russian and British ambassa-
dors. and Prince Won Pless Of Ger
many
NEW ORLEANS. LA. Nov 11.--At
tle twenty-eighth annual meeting of the
American Bankers association today,
William Ridgely. comptroller Of the
currency. after discussion OF the enor-
nous increase in the volume Of finan-
cial transactions. advocated that ma
tional banks be permitted to issue
notes uncovered not equal to 80 per
cent OF their issues covered by bonds.
II wolld give us an urgently needed
elasticity to the currency Mr.. Rdgly
held such an asset currency could be
made absolutely safe. and pointed ont
that since the national banking sya-
tenn had started the total loss to de.
positors had been but S3l,0O0.000. or
eight hundredths OF one per cent
Mr. Ridgely advanced the views that
the great prosperity of the country
was based on sound conditions. I'VE
saw" he said. after the Wall street
panic Of May Q, a great speculative
collapse without producing any last
ing depression But we cannot ex-
pect It to stand repeated shocks Of
this kind. Therefore we must
strengthen our financial situation
now"
One Of the features OF today's ses-
sion of the American Bankers asso-
citation was the address of President
John T. Herrick, who paid glowing
tribute to the great Pierpont Morgan
as the master mind of the financial
world lie said: "He is looked upon
as the incarnation of the power of
money, the climax of militant wealth,
the American lust of industrial domi-
nation, yet Mr. Morgan Is not even
incorporated. He is n Connecticut
Yankee who has gained a wonderful
control of Wall street. not, however,
by inherited riches. by lucky gam
bling, but by force of his personality
and his commercial generalship."
SlLYERTON. Colo, Nov 11.-Judge
Whitelaw receives the certificate of
election as representative of San Juan
county. That is the result of the con
test entered by the Judge against
counting Gladstone precinct. Judge
Whtelaw set up that the vote cast
was not legally registered and there
fore not entitled to be cast, He claim
ed, and the contention was sustained,
that the voters were not properly
vouched for according to law, an omis-
sion on the part of the registration
Judges. On this ground the returns
from the precinct We're thrown out.
1t is not known as yet what Mr. Coop
er will do in the premises, but will
probably take the matter before the
house for final determination.
WASHINGTON, d. c.. Nov. H.
The strike commission today made
public President Baer's reply to the
Miners unions demands. The state
mont contains these expressions;
The demand for twenty per cent
wage increase is arbitrary. unjust and
unreasonable. The earnings of the
anthracite miners are affected by their
refusal to work as men do In other oc-
cupations The standard OF living in
the anthracite district is equal to that
oullnA CCgDuU 60.