The Irish standard., 1907-11-02

utes to ascertain his powers in the
matter of revoking his holiday proc,
lamation.
New Scheme In Boston. |
Boston, Mass, Oct. 31.-In order to
assist local banks by direct dealing
on a cash basis the Boston sub.
treasury withdrew temporarily from
the Boston clearing house. Each
bank will now clear its own accounts
at the sub.treasury and make settle
ments in cash. Local bankers claim
that this is benefit in times of money
stringency.
Need Cash to Pay Money Orders.
Lincoln, Neb., Oct. 31.-Postmaster
Sizer met with much difficulty in Sc
curing cash to pay money orders, busi-
ness men demanding currency.
Cut In Wages Of 1000 Miners.
Butte, Mont, Oct. 31-The miners
union and the smeltermen's union
have received notices from the Anal
gamated Copper and other mining
companies that the old scale Of wages
in forces before the agreement on the
sliding scale was made, will be restor-
ed on November 1, in compliance with
the contracts entered into by the COM
panies and the labor unions of Butte.
The reduction will be from 81 a day
to $3.50, the scale before the raise.
The mines might have reduced the
wages to the old scale month ago,
copper already then being below 1S
cents. About 1000 men are involved.
Paris Will Not Help.
Paris, Oct. 31.-The reports circu-
lated in London that Paris is ready to
ship $15,O00,000 in gold to the United
States are unfounded. On the con-
trary, the exchange on : New York
Wednesday moved unfavorably to ex;
ports. The London reports probably
grew out of the consideration by the
directors Of the Bank of France >of
how they can furnish aid to London,
from which city the American drain
is coming. There is suggestion that
the Bank of France might make d.
rect loan to the bank of England as
1t did at the time of the Barings fail
ure, but it is regarded as more likely
that the assistance will take the form
of the purchase of long time sterling
bills, in the same way that the bank of
France relieved the situation in Lon
don a year ago. The situation in the
British capital has already been help
ed by the rise in Paris exchange,
which makes the export of gold to
Paris profitable.
Normal Conditions In Chicago.
Chicago, Oct. 31.-A normal bank
ing session prevailed in Chicago on
Wednesday. After two days of slight
anxieties the commercial world settled
down to steady gait, with millions Of
dollars Of currency subject to imme-
diate call and untouched because it is
not needed. Those bank officials who
have lost valuable time in the last two
days in explaining to their clients the
real state of the financial world had
leisure Wednesday to do little figur-
ing on the actual number of people af-
fected by the scare.
Estimates from all sources gave
the number of savings depositors who
gave notice as about 1900, out Of a to-
tai number of 100000 of such deposit
ors at all banks.
Chicago to Import Gold.
The situation appeared even more
encouraging in the light of the an
nouncement that the negotiations for
$2,OOO,00O in London gold, conducted
by the First National bank as an
nounced Tuesday night, were entirely
successful. The money will be used
to take care of the foreign shipments
Of grain and meat. 1t is the first i'm
portation of gold from London to
Chicago since 1893.
Britain as Supervisor.
London, Oct. 31.-The customs com.
mission headed by Assistant Secretary
of the United States Treasury Rey-
nolds has had satisfactory confer
ence with a committee composed of
permanent officials of the board Of
trade, who were appointed by the pres,
ident of that department of the gov.
ernment, Mr.. Lloyd-George to meet the
commissioners. The question Of the
certiacation of invoices by local
boards of trade and chambers Of com.
merce was fully discussed and it was
agreed that the British government
through the board of trade, should in
vestigate these bodies and recommend
those which it considers to be compe
tent to undertake the work of certifi
cation. Eleven Of these organizations
already have been accepted by the
commission. This practically makes
the British government responsible fol
actions which boards of trade OF
chambers Of commerce might take
with respect of the new customs reg
ulatous Of the United States.