New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-29
ON THE PACIFIC SLOPE.
President and Directors Responsible
for Banks Close.

doors
Il seems that President Frank N, Myers and
others OF the board of directors have been
accused of number OF offences against the
State banking laws, cfEef of which was receiv-
ing promissory notes n part payment of stock
subscriptions paying dividends out of capital
stock instead of from profits. advertising paid
up capital stock as twice what it really is and
impairment of capital
If the president and directors prosecuted
on these charges it will go hard with them.
but some compromise by which they viii pay
small stockholders in full will probably be ar
ranged The troubles of the bank are due to
m king speculation with business. and the
prompt action Of the bank commissioners will
have a good effect i'm discouraging such methods.
Municipal politics in San Francisco
shadows even business Not for twenty years
has this city been so thoroughly aroused over
a local election. Dhs is largely due to the
effective campaign made by John S. Partridge.
candidate for Mayor the sRepublican and
Democratic tickets. which have united to
move Mayor Schmtz and the Union Labor gang
that have permitted '.graf1ers' to get control
OF the city administration Schmitz will get the
solid vote of saIoonbeepers. gamblers and the
element that fatteas vice and crime. He
will also have the Union Labor vote.
Partridge is making a campaign something
like Jeroraes first campaign In NesF-York. and
his pithy statement of principles and his ex-
posture of boodlers and 'grafters' have drawn
| thousands to hear him Fusion managers hope
TO bring out vote which will bury Schnitz
aDa boss rule and all "grafters" beyond any
hope Of resurrection.
Professor Arnold V. Stubenrauch, Of the
agricultural department of the University or
California. has accepted a call to the division
of pornoIogy in the United States Department
of Agriculture Under Mr.. powell he will in
vestfgate the transportation and storage OF
fruits At the university Professor Stuben-
rauch has been assistant professor OF agricult-
! ure and has had full charge of the agriculture
experiment stations
Madame Tetrazzini scored big success here
this week at the Tivoh Opera House by sing
ing Dinorah. Meyerbear's opera had not been
heard here for twenty years The orchestral
part was under Signm Polacco who gained
great praise for his Interpretation of the score.
the petition of the settlers in the Imperial
Colony on the Mexican border to the United
States government. asking help, calls fresh at
tention to the great irrigation and develop
rnent project which is in grave danger be-
cause Of the difficulty of controlling the waters
of the Colorado River. The California Devel-
opnent Company, which agreed TO furnish the
Imperial Company with water, found iseh
unable TO supply the required amount
In desperation the company diverted the water
of the Colorado below the Mexican hne but
made no arrangements to guard against food
The result is that when the Colorado suddenly
arose far beyond its normal level, it broke
through the development cornpany's canal ana
flooded the entire Salton Basin of the Colorado
Desert driving out the Southern Pacific ana
compelling it to lay its tracks on higher
ground.
The Imperial Colony is getting all the water
il requires but now It is in danger OF pelns
submerged by the overflow
The Southern Pacific company is putting in
head gates which may check the food, but
meanwhile many desert industries are ruined
including the salt works at Salton- The set
Element of the whole question probably VIII De
In the government taking control Of the use OF
the Colorado River But as the Imperial Colony
IS in Mexico it cannot give relief to its settlers
Tho Humphrey Brothers, cattlemen of Reno,
have Just sold the Nevada sunset group OF
mines in Southern Nevada for 100000 Less
+bo- wear ago the Humphreys bought these
wines outright from prospectors for SLIGO The
-ev, purchasers who Michigan CAPITALISTS
struck a good ledge in one mine and promptly
closed the deal for a controlling interest
pano New is one Of the Few large towns in
+bA country on the line of big railroad where
gambling of all kinds goes on in public the
- =; eartain1v wide open. and ever since the
5io,,a-x of Tonopah. Goldfeld and Bull Frog
a. @a-o limit has been $50 and $50 Lucky
;rers from these new desert camps spent
thousands every week .btrcking'' these games.
h+ recently professional gamblers. playing
ra+ is called 'eprogressiool large sums.
60 the 7ronrietors of the gambling games had
: aetine and cut the faro limit to $3.50
and So
IT p Huntington, who is grid-ironing the
country about Los Angeles with electric roads,
hos been forced TO buy steel rails in Belgium
bca,,se Of the irnpossibility of obtaining sup
r,x, in This country Rails ordered from Amer
go, Wills two years ago have not been deliv
cred yet
Professor William r. Dudley. of the botan-
;ca1 department of Stanford University ana
; o+be-s are actively engaged In an effort 10
establish a national park in Southern Mon
+e-av County All the government land in the
! +ro,+ has been withdrawn from sale, and pros
.s for the success of the scheme are bright.
Tho land is mainly rough, but it is valuable as
tba watershed of many small streams which
sr,ish water to Del Monte. Monterey and
Pacific Grove.
A ravv company with a capital Of SIGooUoo
has heen organized to develop the oyster bust
mass at WilIapa Bay. Wash. All the small COM
/ ories that have planted Eastern and native
.-s in wjIIapa Bay have come into the