davidaulloa/AmericanStories huggingface dataset:
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29

ASSOCIATION ISSUES
STATEMENT TO PUBLIC
Action by Eastern Banks
Causes Local Institutions to
Follow Suit Until Financial
Conditions Are Adjusted,

At a meeting Of the heads Of the
four banks OF Albuquerque last night
q was decided to fall In line with the
banks Of all Of the larger cities of the
country and organize Clearing House
association to protect the supply Of
currency until finapeial conditions
have returned to a normal basis.
This action followed advices re-
ceived yesterday by all the banks in
this city from their correspondents in
New York, Chicago. Kansas City. Dem
Yer and elsewhere, advising OF the
fc~ration Of clearing houses In those
cities and OF the determination To
make no further payments of curren-
cy, and to make payments only IN
clearing house certificates until such
time as normal conditions shall have
been restored.
At the present time there Is a larger
cash reserve In the banks of this city
than ever before In their history, and
general financial conditions here have
never been on a safer or more con-
serNative basis, but with constant out
payment OF currency and without the
power to secure fresh supplies from
their correspondents In Chicago, KAN
sas city Denver and elsewhere, II is
easy To see that the situation, II sus-
,talned. might become embarrassing.
the Clearing House association, and
have made the agreement as to cash
payments merely for protection aud To
prevent complications until such time
as normal circulation OF currency i
restored
In the meantime payment will be
made In clearing house certificates.
ana there viii be no interruption In
the normal course OF business here.
Nothing more clearly illustrates the
condition which the Albuquerque
banks, in common with all other
banks In the west. are called upon to
meet than the following telegram sent
out yesterday by the Chicago clearing
house banks TO their correspondents
here and everywhere throughout the
country:
Chicago clearing house banks, for
protection Of the general situation,
voted Saturday to issue clearing house
certificates. No more currency ship
ments will be made until conditions
improve. Your drafts against your
balance will be honored through the
clearing house as usual. Please stamp
your drafts payable only through
CHICAGO clearing house"
Following the meeting of the heads
OF the several banks last night. the
following signed statement was made
public:
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
ACTION OF ACTING GOVERNOR
SURPRISE TO GOV. ERANTZ

Washington, oct 2S.-"lt was "A
surprise to me-" said Governor Frantz,
Of Oklahoma. tonight In speaking II
the action Of acting Governor Filson
in issuing a proclamation declaring a
legal holiday OF six days and the clos
ing Of the banks Of the territory as a
result Acting Governor Filson noti-
fled Governor Frantz OF his action by
telegraph late today.
Il have been away from oklahoma
for several days said the governor.
"and therefore ! am not familiar with
the financial situation there as / O,h-
erwise would be. but l am satisfied
that the acting governor took the step
on the advice OF the bankers there.
Il do not see how IL can injuriOusly
affect the railroad or cotton business
as seems to be feared on the Ney'
York exchanges. The closing Of The
banks simply protects them agd.'s;
any run that might be made on them,
and can be revoked at any time"
Governor Frantz called at the treas
ury department and discussed the
financial situation I'm oklahoma with
Secretary Cortelyou. who expressed no
concern over the closing of the banks
In Oklahoma.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
STATEMENT by THE
CLEANING HOUSE ASSOC1 AIION

In view Of the action taken by all
the banks in New York, Chicago. 81.
Louis. Denver and all the leading
elites Of the country. the undersigned
banks Of Albuquerque have organized
"A Clearing House association. and IN
conformity with the rules adopted by
the Clearing House association. I'm all
the leading cities of the United states.
have agreed that no money VIII for
the present be sent out Of Albuquer-
que. and cash viii not be paid out on
deposits except in reasonable and linz
lted amounts until conditions Justify
"A modification OF this agreement
Checks and drafts against balances
viii be honored through the clearing
house Ia the usual manner. when
stamped. Payable only through AL
clearing house
(Signcd)
FIRST NATIONAL BANK,
"By Frank Mckee. Cashier
RANK OF COMMERCE.,
"By w. IS Strokler Vice PregidC1t
and Cashier.
STATE NATIONAL BANK.
"By r. "a. collier Cashier.
''MDNTEZt MA TRUST COMPANY.
"By Vs. n Gillenwater, President"
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
yAWNS
FOR FAMOUS
SW|NOLERS
GREENE AND GAYN0R
LOSE FINAL APPEAL
Must Spend -Four Years in Pen
itentiay and Pay Bic Fines
For Part in Savannah Har-
Dor Frauds,
Ln, Manning Iearnal special Iss.ed wIre.I

IBy Morning Journal Special leased wire. !
Montgomery. Ala. oct 2S.-B. y.
Greene and John r. Gaynor. the con-
tractors who were convicted Of de-
frauding the government out OF a
large sum of money We're denied a
rehearing bv the United states circuit
court Of appeals today In session In
Montgomery. and unless the defense
secures writ OF certloran from the
United states supreme court they VIII
have TO spend four years In the peni-
tentiary. besides each being compelled
to pay fine approximating s2,0oo'-
00O.
Greene aud Gaynor were convicted
Of being implicated In frauds In con-
nection with the harbor improvements
at Savannah. Ga. on trial. the de-
PENDANTS were convicted and sentenced
To four years In the penitentiary, be-
sides being fined nearly S2,0OO,OO0.
For several years the prisoners have
been in jai while their cases have
been in the courts. They are now
confined al Macon, Ga.
When the case reached the court Of
appeals Il was decided against the
defendants. thus affirming the judg-
ment Of the lower court Thereafter
counsel for Greene and Gaynor ap-
piled to the court Of appeals for n re-
hearing, and Il was upon this petition
that the court handed down a decision
denying the appeal
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
IN TER URBAN
ELECT R |C
LINE A 60
MONEY SUBSCRIBED FOR
LAS VEGAS-M0RA PROJECT
Engineering Corps in Field to
Make Survey for First Long
Distance Trolley Line in New
Mexico.
Especial Dispatch to the Morning journal. }

Especial Dispatch TO the Morning Journal)
East Las Vegas. y. NJ. oct est
was announced here today that more
than $4,000 Of the 100000 necessary
10 be subscribed in order TO Insure
construction Of the Las Negas-Mora-
Taos electric railroad, has been raised
and that the company has definitely
concluded 60 construct the road at
once. An engineering corps Is expect
ed here next week TO make the final
survey and location for the line.
This will be the first long-distance
electric railroad in New Mexico, and
will open one Of the richest sections
of the territory which up TO this time
has not been touched by development
The road will pass through a rich ag-
ricultural and timber district in Mora
and Taos counties and viii result in
the immediate development of "a large
portion OF both counties now prac-
tlcally a waste on account ~ lack on
transportation. The road will bring
large territory tributary 10 Las Vegas
into close touch with this one and
will be OF vast benefit here. Las
Vegas men have promoted the enter
prise, with W. a Buddecke. president
of the Commercial club and head uf
the strset railroad here. as the leader.
backedNby ST Louis capitalists
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
EXAMINER REPORTS ALL
OKLAHOMA BANKS SOUND

Guthrie. Okla, oct 2s.-RepOrts
from every part Of oklahoma and In
dian Territory received by the state
Capitol indicate that with few excep-
tions the financial Institutions have
taken advantage OF Acting Governor
Filson's proclamation providing for
six legal holidays
Banking firms In this city are not
distressed and we're IL not. say lead
ing bankers. for the proclamation and
the necessity Of protecting themselves
when all other banks are closed. they
would have opened for business.
Acting Governor FilsOn. In IN Off
cial statement tonight SAYS the state
bank examiner has made report
which Is an assurance that the hnan-
cIal Institutions in oklahoma are In
no danger and that it Is expected sew
eral % the six legal holidays will be
eliminated
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
GIRL MURDERS
SLAV PRISON
DIRECTOR
ASSASSIN CAUGHT
GL0RIES IN DEED
Six Shots Poured Into Body of
Man Blamed for Cruel Treat
ment of Political CaptNes in
Cars Domain,

tBy Mor1ng journal Special iensed Wire. !
81. Petersburg. oct 2S.-A young
woman. who has not been identified,
presented herself al the weekly recep-
tion OF General MaXmoffskN ana re-
mained quietly I'm the crowded ante
room until 1t was her turn To enter
the generals private office. When she
was In his presence the woman drew
revolver and fired seven shots point
blank into the generals body, six OF
them taking effect. The wounded man
was hastily taken TO a hospital but his
condition was hopeless.
The generals assassin, who was ar
rested Immediately, iunhesitatngly
avowed herself to be an envoy of tho
northern dying section of the social
reVolutionists. who had been entrusted
with the task OF punishing MaXim-
offskY. for the stern regime which he
lately had introduced In the treatment
of Independent political criminals
whom he ordered to be treated like
ordinary criminals.
Colonel Ivanhof, governor of the
political prison at Viborg, who was
assassinated In September was an
other OF MaXimo1sky's inst luments.
The Introduction OF soldie.s into the
prisons to preserve discipline was one
of the detested measures of MaXim-
offsky.
The assassination OF General Max
imoffsky apparently was designed to
be only preclude TO a greater act Of
terrorism-the destruction OF the
headquarters OF the secret police
which has been the object Of at least
three terrorist plots of recent months.
When the slayer of General MAXI
noffsky. who tonight was identified rs
Mile Ragozin Nlkova. Of Permo prov
ince. the daughter OF "A teacher In the
Imperial Conservatory Of Music. was
taken To the police station. her agi-
tated attempts To free her hands and
reach toward her breast led to- an in
vestlgation and 1t was found that she
carried inside her corsage case CON
tanning thirteen pounds OF a high eX-
plosive Mile. Ragozin Nikova's pur-
-irait u IN that part of ne police gal
fery marked Dangerous suspects
II Is understood she viii be court
martialed this week.
Attempt to Kill Prison official.
ST. Petersburg, Oct. 2S--An attempt
was made yesterday to assassinate
Mahakamud Bekoff vice governor Of
the political prison at Viborg. whose
chief Colonel Ivanoff, was killed In
September. Several shots were fired
lat Bekoff, but they struck portfolio
containing steel plate which he
used as a shield.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
STUDENTS Must PAY
HEAVILY FOR HAZlNG
Victim Recovers $4,000 Verdict Prom
TOrnentOrz.

Kewanee. his. oct. 2s.-For hazing
Charles Charles StOner Of Bradford
student at a Bradford school last
spring. five young men Of Bradford
must pay $4,000 damages. according
to 4 verdict brought intoday ~ jury
The defendants are:
William Real, Earl Lappin. Arley
HarwOod. Earl Howe. and Francis
Long. They are said O. have tied
Stoner 70 a tombstone In A cemetery.
stone was 30 severely frightened that
"a his attempt 20 get away he pulled
the tombstone over on himself. break
ing a bone In his leg He was confined
IN hospital. e nervous wreck. for sew
eral weeks.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
BAO CHECK ARTIST
COMES TO GRIEF
Los Angeles Police Seize Man.
Accused Of Series OF FOrger-
les IN Many Western Cities,


IBy Morning Journal special leased Nirr. !
Los Angeles. oct sc. r. Huwes.
who claims Portland, ore. Hs his home
was arrested saturday on a charge ot
forgery and who is accused bN the
police OF systematic series nf for
reries and checks. aggregatIng q con-
siderable sum iu several western cities,
wa. arraigned in Justice court today
and his hearing on two charge set Tor
next Thursday. His bail HHs liked
al $500 in each case. which be- was
unable % furnish. AccDrdius tn "a con-
frr.iun which the police claim tp have
secured from HnWrs. De- nIs forged
checks on an extensive scale lu rruc-
IDEALLY every city Df imppriiucg iu the
vest Iurfudina salt Lake. Denver.
ogden. Butte. Kansas city. Omaha. -.
Louis and Portland. Howe claims MS
home Is ln Portland and tuHf h" OPP
Grated from athfre. Ills fr-i forgery
Do is alleged. was committed year
ago Zoo san Franci~nH. BE was
candy maker by trade.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
TREASURY PREPARED TO
EXTEND FURTHER RELIEF
Banks May Use Panama Canal Bonds
Ir Needed Declares Secretary
Cortelyou.

Washington. oct. 2S.--A conference
was held at the White House today
by the President. Cecretary Cortelyou
and Representative Tawney of Mime
sofa, chairman of the house committee
on appropriations, at which the finan-
situation was discussed.
Secretary Cortelyou reiterated his
statement, made during the day, that
the financial outlook was substantial
ly improved. He stated also that the
government now has on deposit In ma
tional banks $213,615,242, and that II
IL becomes necessary to secure addi-
tional funds to deposit in banks he
could use the bonds for Panama canal
construction work, as was done by
Secretary Shaw. IL is stated that the
president approved the adoption Of
that plan should the expedient be
deemed necessary.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
las VEGAS BANKS TAKE
SIMILAR ACTION
/ IspecIaI Dispatch 10 the Morning Journal

EH.I THs NtRus. n NJ, oct u
The four LAS Vegas banks today or
gariz,f Clearing House association
10 take charge ~ the financial affairs
Of the city pending adjustment Of the
situation in the eastern financial cen-
ters s.. has been the case IN an 9th
er cities. cash payments. save In rea-
sonabIe amounts, have been suspC nd
ed. and payment will be made IN clear
nr house certificates 90 protect the
currency supply until normal condi-
iI0us are restored az all shipments of
currency Go this city have stopped All
bank here are perfectly solvent and
general financial and busines4 condi-
tI.ue have never been better ga on a
more satisfactory basis.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
OKLAHOMA BANKS
ALL CLOSED
Acting Governor Declares Le-
gal Holiday for Six Days to
Protect institutions in Event
of Rum
IBy Morning journal Special Leased wre.I

Oklahoma City, oct 2S.--Acting
Governor Filson today issued n proc
lamation closing the banks OF the ter
ritory for six days.
The action, which was taken on the
advice OF the bankers of Okla noma,
was due to the refusal Of the banks pf
St Louis and Kansas City to forward
cash to the banks of the southwest.
The closing of the banks is for tae
purpose of protecting them in the
event of a run. All of the financial
institutions Of the territory are re-
ported TO be In excellent condition.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
STRIKE HALTS WORK
ON ARMY TRANSPORT
Rivctcrs, Demand for Piece Work
Scale Refused; Malkout Follows

Vallejo. cal. oct 2S.-All the
hand riveters employed In the work
on the transport Sheridan az the Mare
Island navy yard have struck follow
ing the refusal of Naval Constructor
Holden A. Evans. the head OF the de-
partment. To grant their request that
they be given pieoe work at Sl2, SIS
and S25 per hundred rNets.
The situation has been telegraphed
to the navy department ana Il Is be-
lieved that men viii be rushed here
from the east. The navy yard officials
say that the work will be delayed more
than three weeks.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
GERMAN WAR BALLOON
MAKES GOOD SHOWING
Dirlgiblc Machine stays Up All Day
MancuvCred at WIN nv Pilot.

Berlin. oct 2S.-The military diriB-
iblo balloon made trip today and
remained up about eight hours. Thr
"Trip was made i'm the nature of an en-
durance test. No endeayor was made
To cover any great distance, but the
machine was maneuvered the entire
day over small area. II landed dur
ing fog after most satisfactory
voyage. The Parscval balloon went NJ
at the same time and stayed In the
air six hours and haf,
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
HAz|NG REVIVED IN
MINE SCHOOL
Missouri Students Tied to
Trees and Left Half Clothed
in Chill Night Winds.


my Morning journal SOecial Leased Wire.I
Rolla. Mo. oct. 2S.-As a result Of
class rivalry twenty sophomores Of the
State school OF Mines were routed out
Of bed last night and. half clad. were
taken from their rooms and tied to
trees on the campus, where they re-
manned until daylight, shivering In the
nipping atmosphere. After they had
been released by other sophomore
the entire sophomore class rallied.
captured seventy-five freshmen. bound
their arms with ropes and chains and
msrched them around town. accomp pa
MED by the school band. The trouble
arose over the refusal Of the fre III
men 20 obey the Injunction OF the
sophOmores 10 wear green caps Nith
yellow buttons
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
BANK FAILURE HALTS
WORK ON POWER PROJECT

Lancaster T., oct 2s.-The failure
~ the Knickerbocker Trust company
of New York has caused the Nc
calls Ferry company To lay on 300
men who were at work on the dam
over the Susquchunna river. At the
time IL closed its doors the trust com
company D. said Co have had on de-
posit about $4,000 belonging 20 the
McCalrs Ferry company. The COM
pany Is under contract 60 supply the
city of Baltimore with electric light
and power service in 1908.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29

they had decided to close temporarily
because the clearing house association
has refused TO extend it the privilege
granted thirty other leading banks
here of the association in issuing clear
ing house certificates.
The Bankers Trust company will go
into liquidation,
The concern has been planning
liquidation for several weeks. and un-
der ordinary conditions would haye
been able to do 50 without loss to
any one.
Statement of conditions at the close
of business Saturday night shows
loans and discounts. $65S,701; stocks
and bonds, $59S,5Sl cash and sight
exchange, $114,547; : deposits, $79S,245.
There was but $4,000 cash on hand
when the bank opened this morning.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
KANSAS CITY TRUST
COMPANY sUsPENDs

Kansas City. -Dct Zs.-Outside OF
the failure of the Bar. Trust COM
many with deposits Of 100000. there
was no real trouble here today. This
bank was considered the weakest in
sfitution q its kind here and its fall
are neither caused much surprise nor
had any apparent effect NJ the gen
eral situation. No other banks were
affected There were no runs on any
banks and the refusal to make pay
mcnts of currency caused but little
s.rn harrassruent
The Bankers Trust company, with
deposits ~ ss0o. eco. closed this morn
ing Cashier ,. C.. Hughes said that
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
SAN FRANCISCO BANKERS
ADOPT EASTERN PLAN

San Francisco, Oct. 2S.-At a meet
ing of the San Francisco Clearing
House association tonight, it was de-
cided to issue clearing house certfi-
Gates, following the methods adopted
in all the eastern business centers. Lo-
cal banking conditions were reported
sound and satisfactory
The clearing house certificate plan.
II was declared, was adopted mainly
to prevent boarding and to protect
the credit on account of the demands
growing out Of eastern conditions.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
PUEBLO BANKS LIMIT
AMOUNT OF WITHDRAWALS s

Pueblo, Colo, Oct. 2S.-NO with
drawals for more than 500 from
each account will be granted by the
Pueblo banks as a result of action
taken today by the Clearing House
association Local financiers and busi-
ness men regard this as a wise precau-
tionary measure. Business has not
been affected by the enforcement of
the rule.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
CANNON BOOM
LAUNCHED IN
CHICAGO
FRIENDS TO URGE HIS
N CLAIMS WHETHER OR NO
'Do as You Please, Boys, !"
Veteran Speakers Comment
When Informed That He is
Considered for Presidency
IBy Morning Jaurnal special Leased wlreI

By Morning JflurnnI spnfIhI IfHsed WIfe,I
Chicago, Oct. 2S.-Speaker Joseph
G. Cannon's official campaign for the
presidential nomination was started
today at a meeting Of fourteen Illinois
republican congressmen at the Audi
torum. II was decided TO place
Speaker Cannon In the race whether
he acquiesced or not. but when the
speaker was called in at the end of the
three hour conference, he said:
We'll boys viii be boys. DO as you
please"
Five other Illinois congressman who
were unable to be present are also
back of the movement. Congressman
Mckinley was made chairman of
that is to have the Cannon
in charge.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
Gold Engaged for Import.

New YORK, OCT. ZS.-Late thls alter
noon the National City bank an
nounced that IL had engaged $1,250,-
900 in gold for importation i'm addition
to its S6,000,000 already announced.
making a total of s1S,750.O0O by the
the various banking institutions of
city i'm this movement.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
only twenty-five more operators can
be used


Tacoma, Wash. oct 2S-Orders
We're posted to-day ON the grounds of
the Dupont powder works. south Of
Tacoma that AN men would be laid
Off indicating suspension of the
luBe operation the concern has under
way toward buudiug a large powder
plant here. About one hundred men
are affected. No reason is given for
the action
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29

New Orleans. oct. 2S.-E. c. Fillos
minister of foreign affairs Of Hondu-
ras, and Policarpo Bonilla, former
president, arrived here today from
Honduras, en- route TO Washington to
attend the peace conference OF Cen
tral American countries.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
OMAHA PACKING HOUSES
REDUCE PRICE OF MEATS

omaha. oct 2s-Omaha packing
houses today reduced the prices on all
kinds Of meats ten per cent and expect
r sfii further reduction. Edward A.
Cudahy of the Cudahy Packing COM
pany. expressed the belief that the
prices 90 an commodities would be
reduced. aud that the present financial
furry would result in a general re-
ductlon On values. although he does
not consider conditions serious.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
BANK EXAMINER FINDS
GOIDFIFID BANK SOLVENT

Goldfield, Oct. 1S.-State Bank Ex-
aminer Miller began an examination Of
the affairs of the local branch of the
State Bank and Trust company
While not making an official state
ment, he expressed the belief ithat the
bank will resume business i'm a short
time.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29
Nntc.I p,ti,inn mad

Reno. Nev. oct. 2s.-Sate Rofi.s tate
auditor Of Nevada. supreme represen-
tatlge q this state % the knights 81
pNthtas. and one Of the most promi-
nent men On Nevada. died last night
from injuries received in C runaway
accident recently.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-10-29

~t Louis. oct Zk 1t was stated Toe
nfrht bv Western Union Telegraph
cornrarF officials that twenty one
sfrfk.rs returned fo uurk today. max
ing total of eighty Uhu have return
ID since the heRnuing of ihe strike
Tt wac stated thai aI branch offices
were Opened this morning ADD hat