The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-11-05
MONEY COMES OUT.
CONTINUED from page One,


congressman are not the best adNlsofs
IN times like the present. The govern
ment through its secretary OF the treas
ury and comptroller of the currency,
packed up by the president mas done
and is doing all that is necessary 10
aid and assist courageous cool headed
and wise financiers to quiet and ailay
the agitation and unrest growing OUT o.
conoltlons that sooner or laler MeIe
bound to produce that which has peen
precipitated by over speculation IN
fictitious values.
we are face to face with great
lesson which will result in substantial
good to the country in general and the
banks in particular.
Congressman are now at home ana
they Will now profit by the experiences
of their constituents and when Ihey
assemble next month in regular session.
they will take up the Fowler Dill Win
greater interest and more wisdom than
they laid it down at the close OF the
last session. The conditions are ripe
for speedy termination of the tenn
porary difficulties that have occaslonso
far more anxiety and worry IN the
minds of the bankers than amongst the
people. What is needed now is quietuoe
and patience When the gold that is
now afioat arrives in New York, cur
rency will begin to be released ana
will soon circulate between trade CEN
ters and speedily thereafter normal con-
ditions will prevail"
Tillnan Opposes Extra Session.
Kansas City Nov. Sin an interview
here United States Senator B. r. Til
man of South Carolina said:
THE present effort to call an extra
session for currency reform Is peiis
made to give the country currency re-
form like the banking interests want.
will not ask for an extra session 81
congress because what we need is not
currency reform as the banks want II,
but enforcement of the laws we now
-, - n
punishment of those who have broken
them"
Portland Buys London Gold Direct.
Portland, Ore, Nov. 5.-Balfour
Guthrie & Co, grain exporters ana
importers, have engaged in Lonooh
100000 in gold for shipment TO Port
land One half of this importation
was shipped on Saturday and the bal
ance was shipped "Wednesday. 1t is
known also that other shipments OF
even larger amounts will be mace
from London to Portland in rev
days.
: It has become necessary to deal
with London direct as no satisfactory
can be made in New
York.
Country Needs Rest.
New York, Nov. Sit would be most
unwise to call an extra session OF con-
gress now to consider currency leglsta-
lion and the federal control of corpora
lions, in the opinion OF Charles NJ.
Fowler of New jersey, chairman OF the
ba hiking and currency committee OF the
house of representatives what the
country needs more than anything
,lse" said Mr. Fowler, lis rest, recup-
grafton aud revival of faith and nope IN
American manhood !: not unrest, appre-
nension and destruction of confidence
and credit in American business.
Like Sunday on Wall Street.
New york.. Nox., 5.-There was
marked relaxation ofytension in oank-
day1 in the stockueNchange and banks
gave Wall street the outward aspect or
Sunday. Most of the financial leaders
re mainedy at home or at their cluos:
The directors of the Trust Company or
america are holding a special meeting
with a view of going. over the situation
FULLY and determining their future |
course.
The first tangible results from the
recent gold engagements abroad came |
.oday with the arrival of the steamer
kron Prinzessen Cecilia having S.
100000 of gold aboard: This is one OF
he largest gold consignments ever re-
,eiyed and it is counted on to exert
influence.
Brussels Makes Trouble.
Paris, Nov 5.-The opening of the |
1ourse prices were firm and better
feeling DreVa1leQ III u Lie
ration in New York and favorable |
Interpretation was also placed on the |
decision of the Bank of France to as
,ist the Bank of England by the pur-
chase of f3,0OO,oOo in time sterling
bills or gold. Towards the close, how |
,yer, weakness developed on account
If heavy liquidation for Brussels ac-
counts.
Doing Business on Scrip.
Pittsburg, Pa. Nov. 5.-This city IS
practically doing business today with
,hecks Thousands of workingmen
rave affiliated with the banks and ne
,essities of life are being purchase
With scrip. In every section of Ale
,heny county the checking system is
n use and no Inconvenience has result
ID. The scrip is in circulation in denom- |
nations of S.. $40 and SIS also $40
marked on the face payable only |
through the Pittsburg clearing house.
On the back in four different languages
s printed:
This check may be deposited, but
will not be paid in cash by the bank
The excellent manner in which the |
;ystem is being utilized has frightened
he local financial situation.
,ODAY HOLIDAY FOR WALL ST. |