Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1906-04-26

the treasury department made two spe-
cial rulings yesterday applying direct
ly to Chicago. One is that any person
may deposit 500 or more with the Chi.
cago sub-treasury, and have 1t trans
ferred by the government agency di-
rect 70 San Francisco on the payment
of $3.50 for Geographic expenses on
each transaction.
The other is to permit Chicago
banks to deposit securities of approved
character with the government up to
the total amount Of 100000, for
which gold will be transferred to San
Francisco or adjacent points from the
government mint at Denver. On this
order the Continental National bank
shipped about 100000 yesterday.
Shipments from Chicago to Califor-
MIA since the earthquake have been
been considerable. The local sub-treas-
ury yesterday reported transfers OF
about $1,500,000. The banks have been
shipping sums in addition to this,
President Reynolds saying his bank
had shipped about $2,000,000.
Shaw Will Distribute SIS, 100000.
Washington, D. c., April 24.-Secre-
tary Shaw has given directions that
SIS 900, 900 of public money be distrib.
uted among the national banks at San
Francisco and immediate vicinity,
which will include Oakland, as soon as
the banks furnish satisfactory security.
The secretary was in Chicago yester-
day and his direction to this effect
were wired to the treasury department
here late yesterday afternoon.
| Oakland, Cal, April 24.-San Fran.
cisco does not intend to sit supinely
| in the midst Of it's ruins. 1t intends
to be larger and grander than before
the disaster, and to this end all classes
are cooperating.
REBUILD the city in six months" is
the general cry. While such task is
! impossible, it is certain that long be-
fore that time has expired the home
| less will be housed, the artisan will
find work and the new commercial
city will be rising on solid founda.
tions.
e. H. Hartman is here directing all
| the energies of the Southern Pacific
railroad toward a quick recuperation,
He spent the morning in San Francis
! Calvin, and announced after the con
ference that the work of restoring the
property of the road already had been
begun. 1t will be rushed to the ut
most.
New government buildings, better
than those destroyed, are to rise upon
the old site, and the $7,000,000 city
hall will be replaced.
Financial San Francisco, stunned
for time by the catastrophe, is on its
feet again. The clearinghouse com
mittee met yesterday and made plans
for the reopening of the banks at the
earliest possible date. The bankers
received word from Washington that
they would be aided with government
funds.
Mint Puts Out Millions.
The mint has put out SS,000,000. OF
this $1,000 900 went to Oakland banks
San Francisco institutions which were
prepared to handle it got some. and
the remainder went to the banks Of
the nearby towns, Thus the scarcity
or money in circulation already is re
/ lieved.
w. H. Simpson, representing James
Stillmans vail street interests, met 6
number of San Francisco fnanciers
yesterday. A Rockefeller representa-
! tive was also present and assurance
| was given that ample funds would be
provided to enable the business men tt
restore their affairs to a normal basi:
in a short time. 1t only remains fol
1 the San Francisco banks to dig ava.
! the debris from their vaults and opeI
/ in temporary quarters for business &C
( tivity to be resumed in something like
it's normal course.
| A large part of the water front !!
undama aged, and the railroad is oper
ating into the town so that the inter
ruption of San Franciscos immens'
commerce will be brief.
I, Merchants Resume Business.
i Meanwhile the big merchants ar
j nnanins tamnorary quarters in Oak