Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-10-24
Finance and Other Subjects
Discussed by President.
MUCH THIRD TERM TALK
Gov. Hoch and Senator HcCumber
Want Definite Expression.
A NEW DISTRICT ATTORNEY
Elmer E. Todd Appointed for West
ern District Of Washington, Vice
Sullivan, Resigned.

Politics. finance and all sorts of sub
jects kept President Roosevelt exceed
ingly busy during the first full day in his
office since his western and southern trip.
He arrived at the executive offices about
$50 o'clock and found Secretary Root
and Assistant Secretary Bacon Of the
State Department awaiting him. They
were with him half an hour. Trey stated
that the financial situation in New York
and Pittsburg was not discussed with the
object of looking to action. AT any rate.
they had no statement to make. The
President, it is presumed, is depending
entirely upon Secretary COrtelyou, who IS
still on the ground in New York, to take
such steps as he sees fit to alleviate the
situation. While Mr.. Cortelyou fas al
ready arranged to deposit about $25,0oo.-
600 in New York banks and about $1,000
coo in Pittsburg institutions, he still has
on hand something like $12.O0o,O0o or
S13 coo, 600 more he can turn over to the
banks before the working balance of the
Treasury gets down to what is consid-
cred a minimum limit.
Deductng the amounts Secretary Cor
telyou has already agreed to deposit with
New York banks, the working balance of
the Treasury stands at something like
S33S 600, 600. 1t is considered that this bal
ance may be reduced to about $2J5COO,O ,OOO,
at which point 1t might not be considered
wise to make further deposits.
The Pres. dent Is understood to have
talked with Secretary Cortelycu over the
long distance telephone during the day,
and to have received full reports as to the
outlook in New York. So far as known the
President thoroughly y approves the prompt
action of Mr.. Cortelycu in going to the
relief of banks of Importance and stand
ing in New York.
Better Outlook in Pittsburg.
Senator Knox of Pennsylvania, whose
home for years has been in Pittsburg and
his interests there large. told the Presi-
dent that he had been in conversation
with influential people in Pittsourg and
that they stated that confidence was
slowly returning there despite further
failures of small concerns.
The deposits of government money in
Pittsburg banks, authorized by Secretary
Cortelyou, has had good moral effect, u
said Senator Knox today. "and In a few
days everything will be running along
smoothly. The closing Of the doors of
the Iron City Trust Company will not be
| a dangerous one, as the institution is
small"
Senator Knox and Senator Bourne the
chief second elective term" boomer in
or out of Washington. have been playing
golf nearly every day this week. Speak
ing of the prize of $1,000 that Senator
Bourne has offered % the person who
will write the best article on why Presi-
dent Roosevelt should have a third term.
Senator Knox jokingly told some of his
friends: Il informed Bourne that II he
would increase the amount Of his offer
I would compete for the prize myself"
Plenty of Third Term Talk.
There was plenty of third term talk
among White House visitors during the
day Senator Curtis of Kansas called on
the President with Gov Hoch of that
state. the purpose being to ask that Jo-
seph T. Dickerson of Chickasha, 1. T,
should be made United States district
judge in the Indian Territory portion of
the new state. Mr.. Dickerson is a
brother -in-law of Gov. Hoch. There will
be two judgeships to flll in the new state
and the President will act promptly in
naming the judges. SO that the machinery
of Oklahoma may get into operation 1t
| is expected that the Oklahoma constitu-
ton will reach Washington the end Of