davidaulloa/AmericanStories huggingface dataset:
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
new YORK BANKS ALL RIGHT
Controller GIynn's View of Financial
Situation.

New York, Oct. 23.-"New York
city banks are all right. If there was
any danger it has passed and other
state officials and myself charged with
the custody of the public moneys feel
confident that the large sum the state
has on deposit in New York city is
safe"
This statement was made by Martin
H. Glynn, controller of the state, con-
corning the local financial situation.
"The situation is improving every
day." said the controller "Immedi-
ately on hearing the first rumors that
the New York clearinghouse deemed
it necessary to take the radical action
it has taken to force certain banks to
put themselves in sounder condition
it became our duty to cooperate with
it's committee and we have done so
with the best results. Our RESPONSE
bility was great, as the state never
had so much money on hand as now.
Counting the general fund, the canal
fund, that of the inheritance tax, the
forest preserve money and all the
smaller sums we have in charge as
officials about S1S,000,000 deposited in
state repositories all over the state,
about 100000 being in institutions
in this city"
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
PRESIDENT TO BLAME
Responsible for Money Market
Disturbance, Says Banker:
c0uNTRY's CREDIT RUINED

officer Of Suspended Trust Company
Asserts That the Present Situation
Is Due to the Public and Private
Speeches Of One Man.
New York, Oct. 23-After the doors
Of the Knickerbocker Trust company
were closed William Turnbull, the
fourth vice president, said to several
newspaper men:
"All the disturbance in the money
market has been caused by one man,
who in the past six months in public
and private speeches has been grad.
ually undermining the credit system
OF the country. The Knickerbocker
Trust company had assets way in ex.
cess of its liabilities and in one night
the confidence of it's patrons and it's
credit were destroyed. This was
brought about by one man and that a
man who knew nothing whatever OF
the credit system"
One Of the reporters asked Mr..
Turnbull whether he was referring to
President Roosevelt.
"You know perfectly we'll who
mean," replied Mr.. Turnbull. There
Is no need for me to specify"
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
OFFICIALS EXPRESS REGRET
Arrest Of Americans in Russia IN.
warranted.

warranted.
St. Petersburg, Oct 23.-William
English Walling of indianapolis, his
wife and his wife's sister, Rose Strun-
sky, who were arrested and taken to
Jail because of their association with
members of the Finnish Progressive
party, have been released. The police
found nothing among the papers of the
trio to warrant OBTAINING them.
No conditions are attached to the
release, but Mr.. and Mrs. Walling and
Miss Strunsky intend to leave st. Pc
tersburg. They say they have prac-
tically finished their work in Russia.
All their papers and manuscripts have
been restored to them.
The officials express regret at the
arrest, which they say was ordered
upon the report Of an over jealous
spy who had been shadowing the Fin
nish revolutionists with whom the
Americans had been associated.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
UNABLE TO MEET DEMANDS
Reason knickerbocker Trust Company
Suspended Payment.

Suspended Payment.
New York, Oct. 23.-Following a.
persistent run at the main and branch
Offices of the Knickerbocker Trust
company the officials of the company
at 1890 p. IN. decided to refuse fur
Their payment to derositors because Of
inability to secure currency in suffi-
cient amount. The Knickerbocker
Trust company has deposits of over
$60,000000 and assets of more than
S65, 100000.
About 300 depositors were in the
main office of the Knickerbocker
Trust company awaiting their turn to
withdraw their deposits when Second
Vice President Joseph P. Brown came
out of his office and announced to the
depositors that payments on checks
had been suspended temporarily be-
cause of the inability of the company
to obtain currency fast enough to
meet the demands. At Mr.. Browns
announcement there was rush of de-
positors to the telephones and the
acquaintances of the officers of the
trust company appealed to them to be
allowed to withdraw small amounts.
These appeals were refused.
An attempt was made to close the
doors against the depositors who were
waiting outside the office, but they
made dash for the doors and forced
their way past the men on guard and
into the office. Police were then sta
toned at the doors.
A detail of police was required to
clear the Harlem branch of the
Knickerbocker Trust company. The
crowd insisted on having their money
and refused to leave the banking room
until forced out by the police.
Officers Of the knickerbocker Trust
company said that the company had
paid out between 100000 and $S,-
100000 to depositors during the day.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
Other Grain and Provisions Depressed
in Sympathy.

Chicago, Oct. 23.-The wheat mar
ket opened very weak, with prices
down nearly cents. Selling was
quiet generally and only demand came
from shorts. The break of nearly 2
pence at Liverpool and the weakness
Of the stock market were the chief
factors Other grain and provisions
were depressed in sympathy.
At 1890 the market was very soft
and breaking easily. The low point
for December up to that time was
991s cents, which was 81 cents below
the close of Monday and GB cents
under the high point of that day. May
fell during the morning to $1.05%,
which was a decline of 81 cents. The
chief cause of the weakness here was
the heavy selling Of long lines Of
wheat, many holders being discour-
aged over the outlook.
The Chicago stock market was also
weak, National Biscuit being off III
and Chicago Subway being down 2%.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
CELESTIALS IN MUTINY.

Chinese Coolies Start Riot in South
African Gold Fields.
johannesburg, Oct. 23.-The Chi
nese laborers at New Modderfontein
mutinied and had to be dispersed by
the police. The Chinese barricaded
their compound and destroyed the
Offices When the police first an
peared on the scene they We're vigor
ously stoned. They were finally
obliged to open fire upon the mu.
tineers with shotguns, but they fired
low and only one Chinaman was killed,
Nineteen We're wounded and many
were arrested. The trouble is alleged
to have arisen because the labor agi.
tators have been assuring the coolies
that they were not obliged to work
Sundays. @.S
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
ASSISTS SEVERAL BANKS,
Heavy Debit Balances Met by Clear.
inghouse Committee.

Heavy Debit Balances Met by Clear
inghouse Committee.
New York. Oct. 29.-The clearing
house committee announced the fol-
lowing debit balances Of banks:
Mercantile National bank $454,000,
National Bank of North America
$4,000, National Bank of New Am
sterdam $4,000, Mechanics and
Traders National bank $335,000 and
the National Bank of Commerce ST.
100000. 1t was officially announced
that the clearinghouse committee had
rendered assistance to the Mercantile
National bank, the National Bank Of
North America and the National Bank
Of New Amsterdam. 1t was stated that
the large debit balance of the Ma
tional Bank of Commerce represented
the clearance Of the Knickerbocker
Trust company.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
STOCK MARKET Affected
Heavy Decline In Prices of Leadinu
Securities.

Heavy Decline In Prices Of LEADING
Securities.
New York, Oct. 23-The stock mar
ket opened weak and lower. Reading
sold at 80, decline Of 23s;, Atchison
at 70, a decline of 21s; st. Paul at
111k, decline Of IL; Pennsylvania
at 115K, loss of tx; Southern Pa
ciflc at II, decline of 21s. Canadian
Pacific sold at 1856, loss of 81. Anal
gamated Copper opened at A, loss
Of 81, but quickly advanced to As.
Union Pacific opened at ia, a loss of
81.
After the severe setback at the open
Ing prices stocks rallied, this being
followed by another break. The sec.
ond break in turn was succeeded by
a good rally, the decline having been
arrested before the previous low lev.
els generally were broken through.
With this demonstration of the ef-
fectiveness Of support for the market
a somewhat more tranquil feeling en-
sued.
At about 1870 the firm tone in the
market disappeared under renewed
heavy selling. Union Pacific broke to
1921, a decline of Az; Reading fell
to S0N, a loss of 53s, while St. Paul
sold at 100, decline of Az. North
ern Pacific sold at 1121z, a decline
of 6.
There was another crumbling away
Of prices at 2 O'Clock, the active mar
ket leaders selling down to the lowest
of the day and of the year. st. Paul
sold at 106, Northern Pacific at 109%,
Union Pacific 1881, Pennsylvania
1879 and Reading 70.
The market had a good rally at the
close, Union Pacific selling up to
111%, Reading to S0% and st. Paul to
107h.
Standard OIL sold in the curb mar.
ket as low as 1851. This is 12h
points below the previous days last
price and is tho lowest figure reached
IN several years. ..m.- ~......,
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
ZONE POOR SHE BEAR"
Dr.. Longs Sarcastic Comment OF
Roosevelt Hunting Trip.

Dr.. Longs Sarcastic Comment on
Roosevelt Hunting Trip.
Stamford, Conn.,, Oct. 23.-Rev. Will
lam J. Long, the nature writer, was
asked if he had anything to say about
President Roosevelt's recent bear hunt
in the Louisiana canebrakes.
"Oh, yes, little to say and lot
to think" was his reply. cts a fine
specimen of Mr.. Roosevelt's brand Of
nature study. He went into the cane
brakes, according to accounts, with six
or eight professional hunters, two sur
geons, sixty odd dogs, unnumbered
camp followers, camera men and a
few dispatch bearers to carry out &C.
counts of his herois1n to a GREATNESS
world.
There was hullaballoo enough to
scare any bear from here to Texas
Some of them are probably running
yet. Bears are timid, you know; they
hate noise and excitement It's a
wonder that he got one bear; that he
ever saw a fresh track. All the able
bodied bears skidooed at the first up-
roar so dear to the presidents heart.
Those that remained were cubs or in
valids that lacked either the sense or
the strength to get out.
1T there is a real hunter down
there now, man that knows how to
60 into the woods quietly and hunt,
he would probably get all the bears he
wanted. But he would have to leave
tho brass band and the applauding gal
lery behind and that Mr.. Roosevelt
cannot do. Hence his one poor she
bear"
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
FEAR PLOT AGAINST GEAR
Russians Discover Underground Tun-
mel Near Palace.

Russians Discover Underground 1un.
mel Near Palace.
St. Petersburg, Oct. 23-Consider.
able apprehension has been aroused In
this city by an ominous discovery
which points to the possibility of an
other plot against the life of the EN-
peror of Russia.
General Kristi, ex-governor of Mos
cow, went hunting in the Ochoichy
forest near Tsarskoe-Selo. His dogs
discovered the entrance to an under
ground tunnel, which had been con
cealed from view by number OF
heavy plants covered with earth. The
entrance is 400 yards from the Paw
losk railroad, which runs direct from
st. Petersburg to Tsarskoe-Selo.
An examination of the tunnel led tc
the arrest Of two men who were
found In the act Of digging with sap
ping tools and the finding OF some
suspicious documents.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
TO INVESTIGATE SITUATION
Secretary Cortelyou Leaves Washing
ton Cor New York.

Secretary Cortelyou Leaves Washing
ton &or New York.
Washington, Oct. 23.-Acting upon
advices from New York regarding the
financial situation there Secretary Of
the Treasury Cortelyou left for New
York at p. m. Secretary Cortelyou
will look into the financial situation
personally. Before leaving the treas
ury department he made the following
statement:
"The secretary of the treasury is
keeping in close touch with the bust.
ness conditions throughout the coun-
try.s In the matter of public deposits
he will at all times consult the needs
of legitimate business interests and
will not hesitate to deal promptly and
adequately with any situation that
may arise"
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
Venner Begins Another Suit.

Chicago, Oct. 23.-Clarence Venner
Of New York has filed in the superior
court a bill asking that a receiver be
appointed for the Chicago City Rail-
way company, which operated the
street car lines in the southern part
Of the city; and also that the traction
settlement ordinance passed by the
city council Of Chicago Feb II be de-
clared illegal and void. Mr.. Venner
alleges in his bill that the bondhold-
ers are not innocent purchasers
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
OWES SIXTY MILLIONS
Knickerbocker Trust Company Of
New York Closes Its Doors.
STOCK MARKET VERY WEAK
Values Decline Sharply in Spite Of Ef.
forts to Support Prlces-Secretary
Of the Treasury corteIyou Expected
to Render Assistance.

New York, Oct 23.-The Knicker-
booker Trust company, the second
largest trust company in New York
city, with deposits amounting to about
$6O,OOO,O0O, closed it's doors at 1890
p. m. following steady run or per-
sons who called to withdraw their
deposits. The company officials de-
clared that the suspension of payment
was only temporary.
The closing Of the doors Of the in
st1tution was attended with sensa-
tional scenes at it's main banking room
and the Harlem branch. Deposiitors
who crowded the rooms clamoring for
be permitted to withdraw even few
dollars and when this request was re-
fused many refused to leave the build
Ing. Police assistance was necessary
to preserve order. At the main Office,
Fifth avenue and Thirty-fourth street,
after the doors were closed the crowd
surged it's way inward. The police
forced them back to the street again
and from that time a guard was kept
in front of the entrance.
The stock market was very weak
and declined sharply in spite of early
efforts made to support prices.
Secretary of the Treasury Cortel-
you announced from Washington that
he would support the New York city
national banks and it was understood
that he would order the deposit of
100000 of government funds in this
city as soon as satisfactory securities
for the sum should be received.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23

The Pioneer is in receipt of a let
ter from A. J. Mcclure, supe1inten-
dent of the State Experimental Sta
ton at Grand Rapids, in which he
states that he and Prof. Wilson,
superintendent of the Minnesota
Farmers Institute will hold an in
stitute at Bemidji on Saturday,
November End.
1t is announced that the institute
will be for one day and that Super
intendent Mcclure and Mr.. F. B.
McLeran of Wrenshall will be the
speakers.
Both these gentlemen are thor
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
EARTH IN NO DANGER.
Newly Discovered Comet Will Not
Strike This Planet.

Berkeley, CAL, Oct. 23.-University
astronomers are Interested in the new
comet discovered by an astronomer
named Mellish Of Wisconsin. Profess
sor Leuschner, head of the department
OF astronomy of the University of Cal
ifornia, with corps Of assistants, has
been figuring the orbit of the new
heavenly body. Announcement is
made that the new comet is rapidly
approaching the earth. There is no
danger, however, that it will strike
this planet, as it's nearest approach
will be more than s5,OO0,o00 miles, or
$50 times the distance between the
earth and moon.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
ROOSEVELT IN SOUTH
Nashville deliberately Decorated
in Honor Of President.
GREETED BY IMMENSE CROWD
City Filled With Visitors From a Ra.
dus of One Hundred Miles and the
Chief Executive Is Accorded One
Continuous Ovation.


Continuous Ovation.
Nashville, Tenn, Oct. 23-Never be-
fore in it's history was Nashville so
deliberately decorated as it is to give
welcome to President Roosevelt. Bun
ting, flags, banners and pictures of the
president are almost on every house
in the up town section Of the city,
which is crowded with people from a
radius of 100 miles, and the reception
he is being accorded is of the old
fashioned kind.
When the special train bearing the
president and his party arrived it was
greeted with the booming of cannon,
ringing of bells, blowing of whistles
and the cheering of thousands of per-
sons who had gathered to do honor to
the president. The president was
met at the depot by reception CON-
mittee, who were introduced by Gov
ernOr Patterson, after which Mr..
Roosevelt and those accompanying
him were escorted from the train to
their carriages. The parade was then
formed, the chief executives carriage
heading the procession.
AS the procession proceeded through
the decorated streets the president re.
ceived one continued ovation from the
thousands that lined the sidewalks
One feature of the parade that was
particularly pleasing to Mr.. Roosevelt
was the presence of the company of
gray and grizZled Confederate veter-
ans in line. 1t was compliment
which he deeply appreciated.
On Sixth avenue, near the state
capitol, the parade was brought to a
full stop in order to enable the presi-
dent to view the tomb Of President
James K. Polk, after which the march
to Ryman auditorium was continued.
Greeted by Immense Audience.
AS the president entered the audi
forum an immense audience arose
and gave him a welcome that he will
not soon forget. Governor Patterson,
in brief address, then welcomed the
president, who responded.
President Roosevelt, at the conclu-
sion Of his address, Immediately left
the auditorium in an automobile for
The Hermitage, the home of President
Andrew Jackson, twelve miles from
this city, followed by a long line of
carriages and automobiles containing
citizens.
On the arrival of the party at The
Hermitage mansion the president and
party were shown aboot the building
and grounds and then proceeded to
the tomb of President Jackson, where
President Roosevelt and others made
brief addresses.
Mr.. Roosevelt and those accom-
panying the official party then began
the Journey to the presidents train at
The Hermitage station, the road pass.
ing the Tennessee Soldiers home. At
this point the Confederate veterans
received the president in line and
requested that he favor them with his
autograph in a register specially pre-.
pared for the occasion. His signature
was written in this book with a quill
designed and made at their instance
for this feature of the programme.
On leaving the Soldiers home the
president and party proceeded to Her.
mitage station, where they boarded
their special train and left Immediate
ly for Chattanooga.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
Trust Conference OPENS,

Chicago, Oct. 23.-The trust" con-
ference Of the National Civic Fedora.
ton, which is to continue for four
days, opened here during the day.
About 400 delegates were present, rep
fesenting forty-twO states and ap-
proximately eighty different organiza-
lions of mercantile, civic and munic-
ipal character.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23

oughly familiar with the agricul.
tural conditions of northern Mime
sofa and their lectures and ad.
dresses will be practical as regards
agricultural interests of this section
of the country.
Farmers institute work in Mime.
sofa has become a permanent insti.
tuition in the improvement of farm
work, breeding and caring of stock,
dairying, horticulture, etc.
This work is all free and the ladies
and young people, as we'll as the
middle aged and elderly are espec,
tally requested to attend these
meetings..
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
No Excitement at Pittsburo

Pittshurg, Oct. 2S.-Apparent forced
liquidation in a few prominent local
stocks caused further declines on the
Pittsburg Exchange, but there was no
excitement. Except for the scarcity
of money the financial situation here
is regarded as sound. The liquidation
was attributed to the banks calling in
loans and exhausted margins.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
NO CAUSE FOR ALARM.
Comptroller Ridgely Says Banks Arc
In Good Shape.


Washington, Oct. 23.-COmptroller
of the Currency Ridgely, In speaking
Of the financial situation In New York,
said:
my advices from New York are
reassuring and the situation there
should now improve. The storm has
broken and the damage known with.
out any failures OF the national banks
which have lately been criticised. The
clearinghouse confirms my reports
that these banks are all right and Is
standing by them. The national banks
of the country generally are in strong
shape and there Is not the slightest
occasion for any alarm in regard to
them. This is time for GOODNESS and
prudence, not for alarm"
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
IN ALL DIRECTIONS.
Balloons in Cup Race Scattered by
Variable Winds.

st. Louis, Oct. 23.-Apparently scat
tered to nearly every point of the COM
pass by variable winds the nine bal
looms competing in the second inter-
national aeronautic cup race, which
started from here, We're reported far
to the northeast and also far to the
west Of st. Louis, while one is even
said to be travelling over Tennessee,
far to the south. Several of the bal
looms are in the vicinity of the Great
Lakes, especially Michigan, while four
others were sighted in the vicinity of
st. Joseph, Mo.
The reports received so far are
meager and scattering. The head
quarters of the Aero club of America
Is without advices and the officials of
the race are dependent upon the news
paper dispatches for information.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
Chicago Wants the Convention.

Washington, Oct. 23.-Actual fight
for Chicago as the location of the
Republican national convention next
year began with the arrival Of Thomas
d. knight, president Of the Hamilton
club. Mr.. Knight is the first scout of
the Chicago men who will be on the
scene when the national committee
meets Dec. 8 to select the place and
date for the big event.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
Prepared to Help One Another.

Philadelphia, Oct 23.-Financiers
and brokers who are in a position to
know assert that the Philadelphia
banks are in a strong position and
able to withstand any drain that they
may be subjected to. It is understood
there Is pool representing the lead
Ing banking interests that stands
ready to take care of any financial in
stitution that may develop weakness.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
Agreement Is Carried Out.

Chicago, Oct. 23.-The meeting of
the Illinois Central stockholders was
adjourned until Dec. 1S in accordance
with the programme outlined Monday
In the agreement of William Nelson
Cromwell, for Mr.. Hartman. and
Judge Farrar, for Mr.. Fish.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
Burglars Raid Minnesota Town.

Lake Crystal, Mimi, Oct. 23.-Bur-
glars raided this place and got away
with considerable plumber. At the
Thomas Jones hardware store they
took razors, knives and some money.
At Frank Barclatt's jewelry store they
took watch cases, movements and
some money. John Williams lost sew
eral pairs of shoes and money. They
visited two saloons and made off with
whisky. cigars and money.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1907-10-23
Chicago Grain and Provisions,

Chicago, Oct. 22-Wheat-Dec.,
99%c; May, $1.O5%. Corn-Dec.,
.67Bc; May, 59Ac. Oats-Dec., 51%c;
May, 53%@54c. Pork-Jan., $14.SO;
May, $500. Butter-Creameries 231b
@26Ac; dairies, 21@24c. Eggs-17h
@2okc. Poultry - Turkeys, 1sc;
chickens, SIC; springs, 9kc.