The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-11-06
MILLIONS IN GOLD
COMING THIS WAY
Imports from Europe Now En-
Route Aggregate Thirty
Six Millions.
NO ENGLISH RATE INCREASE

NEW. YORK, November 5.-rhe ar.
eival of the first treasure ship laden
with gold for the relief OF the pres
financial situation. The Rron.I'rinees3
and was unloading s7.1oo,ooo of NE
yellow metal. which VIII soau
strengthen New York banks reserves.
The new Cunard liner Lusitania VII
Follow closely In her wake With Nv.
boo, 900, n s14,O0o,o00 will follow dur,
ing the remainder of the week anu
Barly next week.
The additional Withdrawals OF .oo.r
300 pounds sterling from the Bank OF
England to-day for the United states
and $4,000 pounds sterling <or Caflaaa
Brings UP the total gold ngagen1e,t
100000. The news that the Bank OF
France bought to-day 100000 pounds
In sterling bills on London was re.
Earded here as an event of the first
importance as indicating that French
financiers were not only able, but Will
Ing, to help London and thus indlreet.
ly to help. America by relieving tne
by the heavy American demands FOR
gold. 1t is hoped that this action
OF the Bank of France will deter the
Bank OF England from raising its dis
cunt rate to { per cent. at the meet
ms OF directors on Thursday and the
Imperial Bank of Germany from rails
ing its rate from 6 IL TO I L. per
Kent.
CortcISou Calls on Morgan.
The presence of Secretary Cortelyou
In the city on his way to vote gave
IN opportunity for further conferences
fhe Secretary came over from wash
tngton with President Roosevelt to
vote. and on his way back from his
stop off and learn Of the financial sit.
nation. Besides Mr.. Morgan. Secretary
Cortelyou saw George. W; Perkins
and one or two ether bankers; WIG
sS.Its. He was told that the situa-
tier in New York was rapidly i'm.
proving because of the Developments
IN the last twenty-four hours.
Those bankers who saw Secretary
-ortelyou to-day are convinced that
there is no intention on he part OF
session OF Congress to pass n rene
lial financial legislation. as it is ut-
ierstood the administration feels thar
the situation iould settle down to a.
basis where a proper Judgment can
be formed on the various proposed
changes in the present monetary laws,
Il. was further understood that the
shaped the plans of financial legisla-
ton which il may desire to ave eon-
The Big Iron Deal.
4 conference at which the details
for taking over the control OF the
Tennessee Ten ,aGtaa fo sls and s 1T9a c eorpors,, on
were discussed. was held at Mr.. Nor.
can's library to-day. and was attended
hv Mr.. Morgan. George w. PERKINS.
Secretary Trimble. of the United states
Steel Corporation; vice-President Da.
vison, of the First National Bank. and
Grant s. Schley, one of the members
of the pool which held control OF the
Tennessee Company stock. No state
ment was made following the con-
ference.
Storekeepcrs Connive in 1t.
Commissioner Capers is of the en-
phatic opinion that none of the crook
cdness unearthed could rave occurred
without the knowledge and connivance
of the storekeepers. The distillers
have the storekeepers under their
thumbs. The proprietor of a distillery
may prevent a gauger from making a
living If he chooses. 1t is often the
case that it is only yielding to the
temptation to allow the d~istilLer to run
n few gallons extra every day-that is.
to make ten or fifteen gallons above the.
maximum of eighty gallons from twen-
ty bushels of spirits. the quantity
Fixed by law. that the storekeeper-
gauger can make both ends meet. Th.
extra gallons are sold without paying
the tax of $1.10 a gallon, SO that a few
gallons made in this waynwill yield In
clear profit more than is received from
the output of the entire plant. The
s~torekeeper gets what is regarded as q
fair share of the profits.
Hnlf OF DIstillcrs Involved.
81 believe thai fully one-half the
registered distillers In the State are
involved" said Mr.. Capers. w are
going after all Of them, big and little,
and it is proper to state that 1t is not
the little fellow. as n rule. who Is in
this snap. but the big distillers. The
Richmond collection district produces
annually about $1,000 gallons of dis
produces about 400; 900 gallons. There
State. According to the last annual
report of the commissioner of internal
revenue there We're fifty which We're
not in operation"
1t is admitted that some of the best
revenue detectives in the country are
at work in Virginia. and have been
for some months. Included among
them are four revenue officers from
are not appointed for duty in any par
ticular State.
TO Issue Asse, Currency
NEW ORLEANS, La, November 5.-1'he
New Orleans Clearing House Association
reEcy in denominations OF 81. $40 and so.
IL Ia the first time that such a step has been
taken In the history of the local Clearing
House Association.
TO CASH PENSION CLAIMS.
Treasury Department Takes stems ia Insure