davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1907-10-18

capitalists. controlled the Provident Savings
Life Assurance Society This company was
sold two or three weeks ago to Philadelphia
capitalists.
Stanley Clifford. the secretary and treasurer
OF the United Copper Company is a director in
the Hamilton Bank the Interborough Bank, the
Mercantile National the Northern Bank. and
the Riverside Bank, but is understood to repre-
sent only his own interests and not those of
the Heinzes also. in the latter two Institutions.
Though the stock market was in a highly
nervous condition throughout its session yes
terday it did not develop the sensational weak
ness which was a feature on Wednesday. aud
closed with a smart rally which left the ma
jority of active stocks at advances for the day.
Amalgamated Copper the cut in the divi-
dend 10 l per cent for the quarter, made
low record at 4S5s. but rallied 10 1875 at the
close. American Smelling also touched new
low mark at 6S, but closed at 70@. The pre-
ferred stock sold down 10 S31a. a new low
figure, closing at s.. United states Steel COM
mon dropped IS point below it's previous low
record for the year OF 221i. while the preferred
slightly above its Wednesday price of S1H
Trading on the curb was feverish with the
Henze stocks and coppers in general making
new low records. United Copper common sold
down to 10, but closed at 1914 bid. The pre-
ferred closed at 254 bid Consolidated Steam
ship bonds recovered to -. but declined later
to 1919
A further cut In the price Of copper metal on
the local metal exchange and the failure OF a
well known banking house in Hamburg had
little effect on prices in this market.
New-York tribune., 1907-10-18
WIRELESS MESSAGES.
Continued from first psze

is practically impossible 1t IS much easier to tap
land wire than to interfere with the wireless"
Regarding the effect OF the wireless system on
the cable business. Mr.. BottomIey said that ths
wireless really auxiliary to the cables.
Many firms and individuals" said he will use
both systems, just they or the other
telegraph lines shore. and there viii be bust-
ness enough for all.
only press dispatches are being handled al
present. The rate for them is five cents word.
Soon shall begin to handle commercial mes
sages. at the rate OF 10 cents a word
King Humbert OF Italy invested Signor Guglielmo
when he had perfected his system. Marconi first
attracted the attention OF the world in 1901 when
he succeeded in establishing communication be-
tween ST. Catharine's. Isle Of Wight and the
Lizard, In Cornwall, distance OF 1SS miles To-
day the ether between the Old World and the New
is as certain means OF communication as ars
the copper cables under the ocean.
The inventor carried some important expert
ments in 1902 board the cruiser Carlo Alberto.
which had been placed at his disposal by the
Italian government She sailed from Plymouth IN
October of that year for Nova Scotia. and picked
up messages all the way the Atlantic for a
distance of twenty-five hundred miles After per-
mission was obtained from the Canadian govern
was sent from there December Is, 1892. 10 rms
London Times" Marconi succeeded IN sending q
message Of greeting from President Roosevelt 70
King Edward soon after the erection OF the stA-
ton Cape Cod
New-York tribune., 1907-10-18

Heinze is not at present member Of the firm"
Asked If he had not been a member on
"Wednesday, the lawyer refused t6~answer.
Arthur p. Heinze is at present abroad, and 1t
was generally suppOsedsthat he was still MEM
her Of the firm. Indeed. il rumored that
he had sent by cable an order 10 a certain
Stock Exchange house on Wednesday to buy
United Copper preferred at IS when it was SELL
ing on the curb at 81. These orders it is under
stood. were not executed. 1t looks as if Mr..
JIeinze must have withdrawn from his brother s
lin between the close of the market on
Wednesday and opening yesterday.
Mr.. Myers senior member of Myers G. Gold
smith, attorneys for Gross & Kleeberg gave to
a reporter for The Tribune full account of the
transactions in United Copper which Gross &
Aleeberg carried out on Monday and Tuesday
for Otto Heinze & Co. and because OF which
. the former firm was forced to assign. He said:
On Monday Gross & KIeeberg purchased
United Copper stock TO the value of nearly
Tuesday the firm purchased like amount re-
ceiving orders right UP TO the close of the mar
kCt at a o'clock. When delivery time came on
Tuesday and no check was forthcoming from
Otto Heinze & Co. my clients took up the stock
purchased on Monday and paid for it, They
received full assurances from the purchasers
that the stock would be paid for.
On Wednesday my clients did no business as
they knew that they must pay for the additional II
stock purchased on Tuesday 80 to the wall
There were a number Of conferences on Tuesday
night ana OFFERS of assistance We're made nv
numerosu firms, including j. & W Seligman
4 Co. Leo speyer and Harry Content. These
New-York tribune., 1907-10-18
HOUSTON PRIVATE BANKER FAILS.
T. w. Houses Troubles Ascribed to Crash
in Hamburg.

Houston, TEX. oct. 1T. w House. private
banker, to-day filed a general assignment under
the state law. W. 3. Chew. w. D. Cleveland
and J. s. Rice were named as assignees. They
gave bonds in 100000 before Judge Norman G.
Kittrell. II is said that the resources are suf-
ficlent TO pay the creditors In full Inability to
realize on securities not readily convertible into
cash Is the only cause given for the assign
ment TIE bank was established I'm 1885 by
the father Of 7. w. House 1t was not incor-
porated, and has never made a statement Of any
character of its affairs. House has enormous
holdings of land and other investments in many
parts OF Texas, and has been rated as one of the
states wealthiest citizens It is said that the
bank has deposits Of more than $4,000. 900. The
failure to-day OF Haller. Soehle & Co. in Ham
burg is said 10 have had direct bearing on the
failure The first intimation of the enbarrass-
ment was when all tho banks checks were
thrown out at the Clearing House this afternoon
after prolonged meeting OF the Clearing House
directors.
New-York tribune., 1907-10-18
AMALGAN1TED BREAKS.
Crash F0ll05cs Cut Of Onc-half an
DilideRd.

The quarterly dividend disbursements Of the
Amalgamated Copper Company and the Boston
and Montana Mining Company one OF it's sub
sidarieS were cut in two at meeting oC the
directors Of the companies yesterday The Anal
gamated dividend was reduced from per cent 10
l per cent, or at the rate OF per cent yearly,
and the Boston and Montana dividend was re-
duced from 50 share and SO extra to So and
S4 extra. The announcement OF the reduction
in the Amalgamated dividend was made just
before the close OF the Stock Exchange and
caused crash in prices 1t had been generally
expected that IL per cent would be declared
for the quarter. Last July. when copper was
selling around % cents a pound. the directors
put the stock on regular S per cent yearly
basis
The following statement explaining the reduc-
tion was issued after the meeting yesterday:
The directors Of the AmalFamated Copper Com
pany, in arriving at decision to reduce the dvi-
dend from s. share 10 81 a share FOR this quar-
per market has been for the last few months IN a
most unsettled condition. The business of the
that only small portion OF the copper produced
has, has been sold and that az such decreased price
ducng companies have been affected
It was officially stated that the physical condi-
tion Of the mines was the best I'm their history
and that the smelters and reduction works were
in an excellent condition, and that everything
was being maintained at such a standard that
the normal output could be resumed az soon as
the condition Of the copper market would war
rant such action At present. it was stated the
minis were producing about 30 per cent OF their
regular output.
Amalgamated Copper stock opened al 5O9s
yesterday. and reacted 10 4S5a. the lowest II has
been since 1904 II rallied later to 5O2. but on
the announcement OF the dividend reduction
there was another sharp break. and the price
receded TO the low point touched earlier in the
day, rallying at the close 10 492s. The number
of shares traded in was 1913 600
There was a further reduction Of Il per cent
in the quoted price Of lake and electrolytc cop
per the Metal Exchange yesterday and i
cent in castings. making lake 122t and 13 cents
electrolytic 1925 and 12ss and castings 12H and
1912 cents.
sale OF 10000 pounds OF electrolytc copper
at 1874 cents was reported yesterday. but none
of the large consumers has yet shown any in
clinatiOn 10 come into the market, and business
continues to be OF a hand mouth character
Follow ing the example OF the Amalgamated and
other large copper companies I'm this country.
the Cerro de Pasco copper mines. in Bolivia.
South America, 1t announced yesterday,
have reduced their output to - per cent OF the
normal. which is about 24OUOOOO pounds a
year. These mines are controlled by J. b. Hag-
gin and the Hearst estate. and large amount
OF their product is shipped to this country.
New-York tribune., 1907-10-18
j. D. ARCHBOLD, vice-Presiden
VIEW NEW MILLS HOTEL
Continued from first page.

lowest possible prices consistent with good quality.
In the basement the lavatOry and thirty
shower baths. constructed of Tennessee marble and
white tiIlng a laundry, barber shop. baggage room
and bakery. In the sub-basement are the engine
room. filtration plant for the drinking water and
storage rooms.
Above the main floor fourteen stories, with
s75 bedrooms most OF them Sx6 feet, but one hun
tlred Of which are SxS feet The floors of the halls
are marble terrazzo. and of the rooms granOhthic
upon concrete. Every possible precauton has been
taken to make the building absolutely hreproof
Each room has a window. white enamelled iron
bedstead. with wire spring, good hair mattress.
two pillows and ample bedclothing rug. a chair.
and a locker for clothing. Each room has an cleo
tric light and is heated by steam
Although there have been scores of applications
for rooms In the new hotel, II will be a case OF
FIRST first served when the doors are
thrown opcn on Monday.
New-York tribune., 1907-10-18

appealed TO them for aid before making an
assignment Had they done So It was stated
they would have received whatever assistance
mad been necessary That they did not do so,
II was inferred. was because their affairs were
IN 100 complicated a condition. Mr.. Gross Is
relative of the Seligman family
Ar Heinze denied yesterday a rumor that he
had sold his Mercantile National Bank stock,
amounting. according to the report, TO 5000
shares. It is understood thlEt when he went into
the bank he purchased 1900 shares of It's
STOCK at a figure much above the present quoted
price Mr.. HeinZe has within the last year ac-
qulred extensive interests in the banking field
both here and in other cities In New York he
mas been associated in several of these invest
In addition to the presidency of the Mercantile
National Bank, which he has 1ust given up and
the dictatorship which he retains in the instItI-
uon Mr. Heinze is a director In the Consoli-
dated National Bank. Mechanics and Traders
state Savings Bank of Butte and Utah Ma
tional OF Salt Lake City. Only last week he
was elected q director Of the Columbia National
Bank of Buffalo.
Arthur p. Heinze is a director in the Car
negie Trust Company, the Empire Trust Com
pany, the lnterboro Bank and the Mercantile
National. and is president Of the Title and
Guarantee Company of Rochester The Heinzes
are also directors in the 441tna Indemnity Com
pany Of Hartford and the Cosmopolitan Fire In
surance Company. and until recently. with other
New-York tribune., 1907-10-18

cffers were all refused, as Mr.. Gross refused to
accept loans pay for the yellow dog stocks
which he had purchased for the Heinze firm.
On Wednesday morning a conditional offer OF
$1,000 made by Otto Heinze & Co, but
was refused, the total indebtedness of the
HcinZe firm to my clients was between S4ooVO
and SJOO0O0. We waited until nearly 2:15 p. m.
Wednesday and then announced our insolvency.
Mr.. Myers said that proceedings would be
started at once TO compel the Heinze firm to
make good to his clients the amount due for
the purchases of United Copper stock. AS soon
as such settlement is made Gross & Kleeberg
will apply to the Stock Exchange authorities
for reinstatement to full privileges.
Mr.. Myers also said that he had received an
offer Of 100000 yesterday morning from +.
Augustus Heinze, but had refused II. Ihs OF
fer, he said, came through Davis, Stone & Auer-
bach. of counsel for F. Augustus Heinze. Mr.,
Myers added that he had 1t on excellent author
ity that F. Augustus Henze had $6OOO50 in
ready cash on Monday to finance the United
Copper deal
At the Office Of J. & w. Segman & Co. it was
said yesterday that Gross & KIeeberg had not
New-York tribune., 1907-10-18

therefor. which was refused by them. mas a:,-
much therefore. as they failed 70 comply Win
their contract we obliged TO announce our
,Ilspenson to the exchange yesterday
Soon after this the suspension of Otto ftelhze
& GO. was announced or the floor of the stock
Exchange.
FIRM DECLARED SOLVENT.
Peter fucker. the attorney in charge Of tie
affairs OF the Heinze firm, said that he would
have no statement of the firms condition until
ate to-day He added that he felt sure there
would be no need of an assignment. My
clients" said Mr. Fucker, feel that they are
perfectly solvent and consequently refuse to
make an assignment. They confidently hope to
have everything settled in a few days and to
continue business. The chief credItors-in fact,
all the crcditors-have shown tlat they fully
APPRECIATE the situation and are inclined 10
help rs. Personally, l apprehend no difficulty OF
l serious nature in arranging matters"
When asked about the withdrawal Of Arthur
p Heinze from the firm Of Otto Heinze & Co
Air. Fucker said:
7 can state emphatically that Arthur p
New-York tribune., 1907-10-18
BUTTE BANK SUSPENDS.
Hcin1e It's Largest St0ckhoIdcr and
Director.

Butte, Mont, Oct 1.-THE State Savings
Bank closed it's doors this morning after
opening. A run had been precipitated because
OF stories received private wires that the
firm OF Otto Heinze & Co. of New York. and a
large bank in Hamburg, Germany, had failed.
These interests closely identified with f.
Augustus Heinze in his copper mining opera
tions. Heinze is the largest stockholder and a
director in the savings bank. which has deposits
of about 81, 100000. The following bulletin was
posted:
Because of unsod conditions and rumors that
cannot be verified that may cause unusual de
mands by depositors and owing TO the shortage
currency Immediately to pay demands which
may be made, the management has deemed it
advsabl in the interest of all depositors to
pend for the time being. The bank is solvent
large crowd gathered in front of the bank.
but, considering the circumstances and condi-
tions was quiet and undemonstrative. although
there were occasional cries demanding revenge
on Heinze and his institutions. The state OF
Montana is a depositor TO the extent OF $4,000,
but is amply secured.
1t is said that Otto Heinze & Co. did not owe
the bank a dollar. and that F. A Henze owes it
less than 100000, which is already secured
Mr. Largey, the president it about $500
and he is able to pay many times that amount
The bank holds hand about $500 900 and its
deposits amount TO about $3O0O,O0O. There are
about 5000 depositors, of whom SIS COM
mercial depositors. The others savings of
working men and women.
The directors announce that they will proceed
with the erection of a new bank building, which
is nearing completion, at a cost of 100000 State
Examiner Collins will take charge of the bank
Tomorrow.
Salt Lake City. oct. Nv. s. Mccormick, pres
ident Of w. g. Mccormick & Co.. says the
New-York tribune., 1907-10-18
SHE'S WORLDS FASTEST TYPEWRITER

Rose l. Fritz beat the worlds typewritins rec
ord and retained the championship title. when
she has held for three years. last night AZ th7
Business Show. in Madison Square Garden oy
writing 5619 words from manuscript in one hour.
with ouy 81 errors. leaving a net score OF ''-I'
words for the hour. at an average speed OF hesi''
81 words minute.
Paul Munter. from whom she won the title thres :
years ago. was second with n gross score o.
45is words: net score. S,57S words at an aVerass
speed of nearly 90 words minute Carl SchWenos
was third. with net score OF 500 Worus. 90
.Iohn Hotson fourth, with a net score Of Sao
words.
New-York tribune., 1907-10-18

Martin Maloney. father of Mrs. Clarkson. was
reported on Tuesday TO be in London and about
TO go to Rome consult with the Vatican au-
thorties regarding the trouble resulting from his
daughters elopemcnt. Clarence Ritchie. husband
of the sister Of Miss Helen MaIoney. started from
London for Paris on Monday afternoon. and the
same day 1t reported from the French capital
that Mr.. and Mrs. Clarkson had arrived in Paris.
but the report has not been confirmed.
Father Vaughan is a brother of the late Cardinal
Vaughan. and has been energetic worker
among the poor in Westminster and the East End
Of London His sermons last year The Sins
of Society" attracted large audiences. He Is also
the author of two published sermons. entitled
"Slnless Mary and Sinful Mary" which caused
him TO be chosen the English preacher at the
Marian Congress held in Rome in 1904.
New-York tribune., 1907-10-18
RIDGELY UNDECIDED.
His Friends TRink He VIII Accept
Bank Presidency.
IFrom The Trtb me Bureau.1

Washington, Oct. 17.-William Barrett Ridge
ly. Controller of the Currency. said to-day that
ne had received over the long distance telephone
offer of the presidency OF the Mercantile
National Bank of New York and had taken it
under consideration. Mr.. Ridgely expressed
himself as we'll satisfied with his office in Wash
ington and added that the proposed change
would require serious consideration. He would
not. therefore be able to reach an immediate
decision MIR. Ridgely's friends. however. be
lieve that he viii accept the New York place.
New-York tribune., 1907-10-18
COUNTESS MURDERED ON TRAIN?

Warsaw, Oct f7.-Countess Zamoyska left Baly-
stok a train for this city yesterday but she
disappeared mysteriously the way hither, and
there is reason to suspect foul play. Boodstalned
garments were found in the compartment occupied
by her. and IT is supposed she was robbed and
murdered and her body thrown of the car
New-York tribune., 1907-10-18
PECULIAR METEoRIc PHENOMENA.
IBy TeIegraph to The TrIhune.I

IHN Ieegraph 20 Tine IrbuncI
Wilkes-Barre Penn. Oct. 1.-Two phenomena at
st. Johns, small town near here, are attributed
to recent meteorc disturbances. On Tuesday night
building appeared to be covered with flames.
which disappeared minute later leaving trace.
This morning the ground In the neighborhood was
covered with large white flakes. resembling ashes,
and later a large ball of the same substance
found near py.
New-York tribune., 1907-10-18
ELoPERs SEEK CHURCH SANCTION
Appeal to Father Vaughan by Samuel Clark
son and Martin Maloney's Daughter.

London. oct. l7.-Mr and Mrs. Samuel Clarkson
were In London last Monday. and called at the
home OF Father Bernard Vaughan. OF the Society
NJ Jesus seeking his advice ON their marriage. On
being informed that he was in the country. they
wrote to him. relating the circumstances under
which NIr C1arkson eloped with Miss Helen Ma
loncy and requested the priest TO legalize their
marriage in the eyes of the Church The result
is not known.
New-York tribune., 1907-10-18
PARDON UNDER UNwRITTEN LAW.
(By telegraph 10 The Tribune. I

GBy Telegraph The TrIbuneI
Atlanta, Oct. H.-Governor Hoke Smith to-
day practically recognized the "unwritten law by
pardoning L. d. Strong of Macon. who was serv-
ing three-year sentence for numbering Henry
smith, who he alleged had insulted his sister
There was no other motive. Strong bad served six
months
New-York tribune., 1907-10-18
sEsREE's SHIPS PASS ST. THOMAS.

st. Thomas. oct. 1.-THE United States armoreC
cruisers Tennessee, flagship of Rear Admiral Sc
bree, and " ashngton, which are on their way &c
Magdalena Bay from Hampton Roads. passec
south of this port yesterday.
New-York tribune., 1907-10-18

BOSTON BEARS BIG PROFITS.
II Is reported in Boston financial circles that
Isaac Van Horn. the well known promoter. has
cleaned up about $4,000 on the short side Of the
stock market
New-York tribune., 1907-10-18

Boston. oct. 1.-THE Heinze difficulties I'm New
York had effect in the Stock Exchange and
curb markets here to-day. although to an
alarming extent. The general market was char
acerized as heavy In spots and generally irregu-
lar" There were only a few transactions in the
local market in United Copper. few small lots
selling around S12 a share. while one lot was dis
of at
New-York tribune., 1907-10-18

barrassrnent of the State Savings Bank at Butte
will not affect +. Augustus Heinze Mr.. Nc
Cormick says that Mr.. Heinze has a large cash de-
posit in one of the Salt Lake City banks. None Of
the banks here is affected by the Butte banks
trouble.
Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1907-07-10
EOL. ROGERS BARBECUE.

Col. Jno. ID. Rogers of Allen
farm, gave barbecue at his plan.
tation on the Fourth. over which
the Navasota. Examiner man en-.
thuses to the extent of half a
column. Among other things the
Examiner says of Col. Rogers and
his magnificent: Brazos county farm
is the following:
THE Rogers plantation is with
out doubt the finest piece of farm
ing land in the United States, and
the colonel personally inspects
much of the work. He is also a
great hunter and maintains one of
the finest kennels in Texas. several
valuable Walker dogs heading his
bunch OF hounds. There must
have been more than a hundred
gentlemen present, and the occa-
sion was thoroughly enjoyed by
each of them. Messrs. Whatley
and Addison, both entertainers par
excellent, assisted Col. Rogers, and
to them is also due much Of the
thanks of the guests"
Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1907-07-10
BLOWS BRAINS OUT.
Dreadful Suicide Of Young Man Near
Pottsboro. Tex.

Pottsboro. Tex. July s-John Z
Leslie. aged twenty-seven years. who
resided three miles west OF Pottsboro
blew his brains out with a shotgun
The parents of the young man had
gone 10 the Georgetown cemetery "a
attend memorial exercises. leaving the
son and hired man named Joe
Adams at home. About 3 O'Clock
young Mr.. Leslie told Adams he
would hitch up his horse and drive
10 the cemetery. Shortly after he
left the house Adams heard a shot.
but thought nothing OF H. When de.
cedent's parents returned about 9
o'clock II was learned the man had
not taken his horse from the barn.
A search was instituted. which re.
suited in finding the body about three.
quarters OF mile from the house
with the top Of the head blown off
Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1907-07-10

Dissraceful Conduct at Baseball
Game In BROOKLYN.

In the National baseball league
game at Brooklyn Monday Chicago de
feated the local team TO 0. III feel
ing toward the visitors on the part
Of some spectators came near bring
ing a riot during the closing moments
OF the contest.
In the latter half Of the ninth Inn
ing some empty mineral water bot
ties were thrown In the dire ton Of
Frank Chance Of the Chicafa'f first
base. from The b'eachers ard open
stand hehi-d first base. Maaagcr and
Captain Csance was net HI; ly any
OF the missiles. but as they were be.
ing thrown he picked up two OF the
bottles and returned them In the d.
rection from which they had come
One OF them hit a boy on the leg and
Immediately there was an uproar fol
lowed by fusillade Of bottles from
the open stands. Thirty policemen
quickly quelled the disturbance.
81. Louis. 2: New York. o.
Pittsburg. 3: Philadelphia, o.
Boston, 2: Cincinnati. o: Cincin.
natl, 4; Boston. o.