davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1907-10-24
PITTSBURGINVOLV VEDI
.(contlnued from Page one.)

lowing announcement when the ex- change opened this morning:
 At the request of the Pittsburg Clearing House and at the suggestion of the members and board of directors the Pittsburg Stock Exchange has been closed for the day"
 Immediately following this, Presl- dent R. c. Hall issued a statment reading as follows;
 "The Security Investment Company finds itself Involved. This vii neces- sitate a temporary suspension or re- ceivership of the Westinghouse Eiectric Company and the Westinghouse Ma chine Company and the Nernst Lamp Company. The manufacturing compa- nies are in absolutely solvent condi- tion.
 "The condition of the Security In- vestment Company will in no way af- feet the Union Switch and Signal Company or the Westinghouse Air Brake Company. "I would like 1t explicitly understood that 1t was at the request of the Pitts burg Clearing House that we have sus- pended trading temporarily"
 An officer of the Westinghouse Elec- tric Company said:
 "They talk about laying of men, but ' assure you that the output and ship ments of the company for this month to date are $20o,000 ahead of the same period of last year. We have plenty of orders and business"
The Montgomery advertiser., 1907-10-24
sTATrrMENr OF KNfCKERBeCI<EIs.
La.. Report yiIss VII sa.H,.s De


 Albany, Oct. 23.-The last report of the Knickerbocker Trust Company iiied with the Banking Department. showing the copdfti4n of trust compa- nfes of the State ax the close of bus mess on August 22. gives the follow ing figures;
 United States resources. bonds and mortgages $s,13o.5ia.
 Stock and bond lnvestments, ss.sos.- 242. Other loans including bills pur- chased, s2,209,2BS.
 Overdrafts. ss,S0z
 Real estate, sl.12O,0o0.
 Due from trust companies, banks and bankers. not Included In next Item, Due from approved reserve sieposl- tories, less amount of assets, A,sss'- 761. Specie, s4,sso.17s.
 Legal tender notes and notes of na- tional banks, s365,4fo
 Amount of investments held as exec tutors. etc. for which the Trust com- pany is liable. s1ss,5o0. si Other assets. s1.s66,0s5.
 Total resources. t6e e,4s6, Gil.
 Capital stock paid in, s1,2oo,ooo Surplus on book value, less current expenses and taxes paid. s5.7o7.so7. Deposits subject to check (except as hereafter stated not preferred). s4S'- 635,123.
 Certificates of deposit tnot preferred) s5,s47,8 7,8s4.
 Due trpst company 's5 $a, 5s5,75s.
 Due banks and bankers. s2,315.3oT. Due savings banks. $1.3o9, 706.
 Due savings and loan associations. 7.545.
 Due as executer, guardian adminis- trator. etc. sl58,SsS.
 Deposits preferred because of pledge of part of Trust company's assets, y250ooe.
 Preferred liabilities on account nfin- vestment held as executor, etc. s1ss,- 500.
 Other liabilities. s2e5.si2.
 Total liabilities, $69.fse.611.
 Supplementary surplus and undiyid- ed profits on market value of stocks and bonds less current expenses aud taxes paid. s5,Iss,7e5.
 Surplus on basis of book valiis after charging and crediting accrued inter- est not entered on books. 35.S7s,fss. Surplus and undivided profits of rlar- ket value, after charging ard cretlitiug accrued interests. e5.307.s<s.
 Total deposits on which interest Is paid at this date (August 22) $57,0sg,- 145.
The Montgomery advertiser., 1907-10-24
,TetaI Intereata Are Safe.

New York. oct. 2S-The Iron Age tomorrow will say:
 ''The suspension of three of the group of Westinghouse interests is not re- assuring, but it must be oberved that the iron and metal industries have passed through a period of great pros perity and are stronger than they ever were in the history of this country Extensions and enlargements have been conservatively made, with ample funds provided. Tn a few conspicuous in- stances new construction was suspend ed some time since.
The Montgomery advertiser., 1907-10-24
vIemnhln is Prepared.

Memphis Tenn. Oct. 23.-Banixers and hnanoiers of this city are unani- nous In the opinion that the present developments in the Eastern financial situation will be practically without effect locally.
 All of the Memphis banksl and trust companies are reported to be in an ex- cellent condition and prepared to meet any emergency that may arise.
 Tight Money in Savannah.
 Savannah, Ga., Oct. 23.-The break in securities on tho New York Stock Exchange has materially affected local securities and qAotations have gone off. Money has been made very tight at this place, the banks scanning col- lateral very closely before making loans, and in most cases declining to lend at all. When the cotton crop has been moved, relief is expected.
 Charleston Not Dlstnrb<d.
 Charleston, S. C., Oct. 23.-~Leading Charleston financiers stated today that the local situation is in no wise af- fNcted by existing conditions in New York. Banking business Is In nor maj condition and no fear of trouble is expressed. S
The Montgomery advertiser., 1907-10-24
FINANCIAL
 CRISIS PASSED
lcsntissea frem PaEe one.)

|. efii1mAn to the Secretary of the Treas ,SSv af so late an hour was unexpected, rIn,ch interest was aroused in the pos- efbIe developments arising therefrom-
 5Georre w, Perkins, Nr. Morgan's s narfner. said at midnight that he would r;fobabiy make some sort of state rnent at later hour. .ss
 NPresident oakleigh Thorne oI tns G,rust Company of America announced af rnidnieht that his company would oben for business at the usual hour tor morrow with ample funds to meet all claims.
 WORST IS NOW ovERs .a@ CONFIDENCE REsTWED. WNew York. Oct, 23--There was q fshhrp turn n financial affairs late to- day. renewed confidence in local bank ing institutions taking the place ot fhe panicky feeling that has threatened eolvent houses and demoTalized the stock exchange for the past few days.
 Tonight those financiers whose de- liSberate opinions are most hignly es- teamed by the public expressed the conviction that the worst was over ana fl4t out of the present chaos a con dition more stable than has for some tIfae existed was rapidly shaping it.
 Many of the banking men who had labored almost day and night recently that the integrity of New Iorks finan- cial institutions might be maintained went home early this evening. satis- fied that suspected houses which had been found worthy of support had been fortified against incipient runs or other contingencies. Serious minded men who have met the storm m soper mood left their offices smiling and chatting and with a general bearing that spoke volumes to those who were accustomed to read the news or the streets in the faces of the big men.
 Several factors contributed to this change of feeling. First and foremost was tho determination reached today bV men of great influence in the finan- cial world and whose probity is un- uuestfoned to restore eonfidence, fn- s.zre safety and prevent 2 panic Con spicnous among these was 7 '. MOT, 2, gan and James Stillman, president or tlYe National Bank
 Throughout the day there were con ferences at the offices of J. F. Morgan md Company. and while guarded state yaents only of what was done at these gatherings were given out during busi- ness hours, the fact that such men were confyrrings linked with their known pers6nai standing and financial re- sources did much to aliay fear for the future. News of these conferences quickly ran through the financial dis frfct, allayed the fears of the extreme ly nervous and certainly aided the stock market where this influence brought about e recovery of prices toward the close of day during which nav low levels had been reached.
 CorteIyou Helps Situation
 Next in point of influence was the pr<sence at the sub-treasury of Secre- tafy of the Treasury cortelyou, who not only lent the moral Influence of representativss of the government but during the course of the day caused to be deposited with New York banks 2 taxge sum said to be s10.000,00o. Mir
The Montgomery advertiser., 1907-10-24
L,IsIe de France Landa.

Sandy Hook, N. F.. Oct. 2S-Superin- tendenL of Life Savers Havens reports that the French balloon No. 4, landed at Hubertsville. northwest of Point Pleasant. N. J.. at 1:10 o'clock this af- ternoon. The pilot with his balloon started for New York this evening. No. 4 Is the balloon L'Isle de France, the last of the balloons starting from St. Louis to land.
The Montgomery advertiser., 1907-10-24
Elghs naIIoons Landed.

St. Louis, Oct. zs.-Eight of the nine balloons which ascended here late Mon day afternoon in the second interna- tionai aeronautic contest aor the James Gordon Bennett cup. have landed.
 Up to 2;30 o'clock Central time) this Afternoon no report has been received by the Associated Press of the landing of the ninth, the L'Isle De France. a French balloon, piloted by Alfred Le-- Blanc which at noon was reported as having passed over Mount Holly, N. l., and moving In the direction of Long Branch. not far from Asbury Park, where the German balloon Pommern landed.
 Of the eight balloons landed the Pommern has covered the longest dis tance- from the starting point--ss0 miles. With the L'Isle De France pre- sumably still sailing at 2.3O p. m. (Cen- tral time). the eight balloons have landed as follows: !
 Being named in the order of distance covered from St. Louis:
 Pommern (Germanl, landed Asbury Park. N. J, 2 am, sso miles from
 Dusseldorf (German). landed near Dover, Del. a. m, October sS 7sO miles.
 st. Louis tAmerican), landed Vest minister. Mr. e;so a. m, October 23,
 America (American), landed neaEl Patpxent. Mir. 8 a. m.. October 2s, 7ag miles.
 Abercern (German). landed at Ma nassas, Prince William County, Va., at 7:1o a. m. October 2s, ss0 miles.
 Anjou (French), landed near Arme- nius Mines, Louisa County, Va. T:45 a. m., October 2S, SIS miles.
 United States (Amerlcan1. landed Caledonia, Ont, SIS p. m., October 22, $50 miles.
 Lotus II (English), landed Memphis, O., 5:i0 p. m., october e2, SIS miles.
The Montgomery advertiser., 1907-10-24
noldaeia nank cIoses.

Goidfeid, New. Oct, e3.--The State Bank and Trust Company closed It's doors at il a. m. today. Notice posted ou the doors say that the suspension ia on instructions from the home bank at Carson City and Is due to the heavy drain on deposits the last few months, following the labor troubles, and the inability to make collections. The no- tee further says that the resources ars ample to pay the depositors In full
 1t is generally believed that suspenv sion of the Goidfield institution was dua wholly to the difflculty that beset its sister bank in another city con- gtroiied by T. B. Bricker. who Is the head of the reorganixed Sullivan Trust Company.
The Montgomery advertiser., 1907-10-24
No TrouhIe In nerIln.

Berlin, Oct, 23.--The Bourse here was little affected by the disquiet in New York and dispatches from Lon- don gave further reassurances. Amer jeans declined at the openings but the the efforts to break down prices and there is no likelihood of unpleasant consequences.
The Montgomery advertiser., 1907-10-24
CENTRAL OF GEORGIA
 RAILWAY

Arrival and departure of trains Unlon Pas senger /Station, Montgomery, Ala. Effect. i've Sept sth. 1907. 9Oth Meridian tina
 DEPART For Union Springs. Troy. AndaIusia
 Eufauln. Ozark. Amertcus Alba
 n.y., Columbus. Macon. Savannah ra. nh8 S5,,ua AIsssaa ar. ::.; t;tSpm Eufaula. Fort Gaines, Dawson
 Amsrtcus. Albany. coTbus. Macon e:i0am From Savannah. Augusta Macon
 Coiumbus. Albany, AmericuE. Ozark. Eufauia. Andalusia, Troy. .,Iaas and union M spr.ngs -. ..:,... .Ii:loam AmeFtcua Dawson. Fors Gaines. Eufeuia. Andaiusia. Troy. Union spfln&s ...s .... .,,s 1skBnm
 ALL TRAINS DAILY V. For further information write or apply to A C. Brookea. .. A.. 1o8 MontKomery s.; s. T. surratt. D. T. A. Montgotnsry.
The Montgomery advertiser., 1907-10-24
BANK FAILS TO OPEN
. tCestsnssa fss1k rsee o.e.,

sent out this morning 10 varioun parts of the city. reported at 1l o'clock that thors had beeh nc ing in the nature of a run on }any nnahcial instftutions except the frust Company of Amer lea, and thai the conditions at all other banks and trust ccmpanies were nonn- inal.
The Montgomery advertiser., 1907-10-24
GERMANS WIN
 BALLOON RACE
fcentInaea from Pase one.l

4LyutEMWG0 AhSHsA ' @&~ wy a cash prize of sa.50o also offered by Mir. Bennett.
 The worlds record for distance flown is 1900 miles. held by Count Henry de la yaulx. There is some doubt as to whether this distance means a measured air line flight, or the total number of miles travelled in drifting currents. All of the balloons In this years race trayeied many more miles than the figure with which they are accredited. but only the airline measurements are considered ip the award of prizes.
 News of the landing of the LIsie de France and the finish of the race was conveyed to the officials of the Aero Club at their headquarters here tonight by the Associated Press. While acknowledging that the Pcrnmerin had won, some of the officials were inclined to believe that the of ficiai measurement from Washington would be necessary to finally deter mine the matter.
 while apparently the German ball loon won the race, it will require an offieiaI ruling to settle tho matter as there are only few miles difference in the distance travelsd by the two.
The Montgomery advertiser., 1907-10-24
TIughes Narnes wtlllanas

Albany, N. Y. Oct. Ex-Governor Hughes tonight appointed Clark Wii- Hams heretofore fce-President of the Columbia Trust Company of New York to be superintendent of banks.
 Mir. Williams will take once tomor- row.
The Montgomery advertiser., 1907-10-24
sonth in Gooa ehane

Atlanta, Ga., Oct, 23.--Rank officials of Atlanta say the trouble In New. York financial affairs has not affected the banks of this city in the least.
 Withdrawals in no case have been above normal. The cotton crop of the the South, they say, is amply ahle to, pay the debts of the South and busl-- ness conditions are entirely normal
 There Is practically no speculation in Georgia, 1t having been driven out by, the bucket shop law. .-s
The Montgomery advertiser., 1907-10-24
SITUATION IN OTHER

New Orleans. Oct. 23.-Difiiculty in borrowing money in large sums has been the only marked feature of the financial situation here.
 Local bankers have assumed an att. titude of preparedness which has re- suited in a general sense of security.
 In the local cotton market today fu- lures dropped $1 per. bale largely be- cause of the financial Situation but such breaks have been altogether too characteristic of this market to have special significance.
 The local stock market was active with considerable selling at good prices. }
The Montgomery advertiser., 1907-10-24
NATIONAL BANKS SENT
 MONEY TO REIxEF

' New York. Oct. 23,---After the close of the stock market today. Mann. Bill & Ware. the principal brokers in call money, made the following statement:
 Throughout the exciting scenes on the Stock Exchange today large sums of money on call were loaned by the First National Bank, the National City Bank and the Hanover National Bank. These banks sent in sums ranging from $l ,000,0 1000 to s5.000, ,0o0 at times when the tension was greater in an effort to relieve the situation. At o'clock the first named bank sent in one block of 5,O00, 0,0o0 which was distributed among the eager borrowers.
 Mr. Mann said that not a great deal of money was loaned at the high rate, 90 per cent, but that great many loans were made from 40 to 30 per cent throughout the day.
The Montgomery advertiser., 1907-10-24
BANKERS CONFER AND RAISE A COMMITTEE,

New York. oct, 23--Foilowing al series of conferences at the office Of |. P Morgan and Company, the ap- pended statement was issued:
 A meeting of the presidents or the trust companies was held today, m the office of Messrs. J. F. Morgan ana Soln- pany, John A. Stewart. chairman of the United States Trust Company was in
 ssAfter discussing the situation 1t was decided that a committee of five should be appointed, similar in it's character to the clearing house committee or the banks to whom application for as sistance from trust companies may pc referred. and that this committee should have power to call for information from the various trust companies and to report to meetings of the presidents to be held from time to time or at a fixed time which might hereafter De agreed upon, the result of any investi- gation accompanied by advice as to what had better be done in the matter.
 "Tha following committee was then appointed by Mir Stewart: Edward King. president of the Union Trust Company; Edwin S. Marston, president of the Farmers Loan and Trust Com pany; J. M. Wallace. president of the Central Trust Company: J. w. Castles, president of the Guaranty Trust Com pany, it being understood that Mir. John A. Stewart and MT. J. F. Morgan will actively co o-operate with the com- mittee.
 The formation of this committee was the result of Mir. Morgan's efforts to relieve the existing financial situa- tion. The committee's powers will be largely protective and supervisory. Its personnel is guarantee of ultra-con- servatism. including as it does, the few fold line" companies which have stead- fastly opposed the methods of the trust companies of later growth.
The Montgomery advertiser., 1907-10-24

ance should 1t bs needed tomorrow.
 At tIfs conference. or. rather, se- sies of conferences, were present not only the Presidents concerned particu- larly with the Trust Company of Amer ica, but many other hnanciers who are yitaily interested in the situation Tn general. Among them were ]. F. Nor gan, E. H. Hartman. H. c. Prick, Paul Morton, George F. Baer. Hamilton Fish, Assistant United States TSeas- urer Judge E. Gary, and Norman IS. Ream. Oakley Thorne, President of the Trust Company of America. also was there for a time.
 When the meeting finally broke up toward o'clock in the evening, 1t was felt that the-m est infiue ential and pow erful men financially had practically assumed command and that the conn- dence of tho business community in it's banks, securities ans money conditions generally was to be speedily restoreaA
 Fifteen bank examiners were busy here today and their Frequent reports were said to be favorable
 The announcement from Albany to- night of the appointment by Governor Hughes of Clarke Williams Of fhis city as State Superintendent of Banks was received with favor and viewed as timely act by the Governor. Acting superintendent skinner had been himg in since the recent resignation or ou- perintehdent Mott sF
The Montgomery advertiser., 1907-10-24
HIT RAcE TRACK MEN.
.l.rm relt \ n.tt.nr nl.r U ,.

< Alarm Felt in Betting Ring at Js-
 maafca.
 New York, oct. 2s.-7-Many race track men were up in arms at Jamaica yes- terday when the news was received tlsAt the Knickerboeker Trust Company had Suspended payment Tn the bet ting ring there was something like 2 panic.
 One bookmalxer. it was said, had $50, 900 on deposit with the Trust Com pany, while several others had amounts tied up averaging sloOoo each. Other layers said they had smaller amounts on deposit and as a result there was q deal of worry manifest@d. A we'll known trainer, k was said, had af account of $S0.000 with the Knfckerb ocker, while others were in the same boat. but for less sums. Some of the biggest batters informed the layers that they were temporarily em- barrnssed and asked for time to make settlements.
The Montgomery advertiser., 1907-10-24
Italians Start . llun.

8 New York, Oct. 2ssH Handreds of Italians hearing that .the Bank of t4sth Street" had suspended payment started a run on the branch Dollar Savings Bank which is located next door to the branch institution of the Knicker- booker Trust Company in the Bronx. The Dollar Savings concern's difiicul- ties lasted only until an interpreter could explain to the alarmed deposi- tors that it was the Knickerbocker and not the Dollar Bank that was in trou- ble.
 When the Knickerboelter branch suspended payment the news flashed through the Italian section like prai- rie fire. The message was vague--o only that the bank in 18th Street could not pay depositors.
 Hundreds of Italians went to the bank sbnt the quick witted secretary of the institution, seeing that mis- take was being made, ordered large quantities of currency to be placed where the claTdoring crowd eUuld see 1t. A sight of the money seemed to satisfy the Italians, and the run eud- ed tf rtar tt
The Montgomery advertiser., 1907-10-24
BANK IN TROUBLE
WESTERN rNsTIrdrroN TEMPoR-
 ARILY sUsPENDs.
No Excifement and Feeling Prevails Thaf There wlm Re No Failure
 or Carson Bank And
 Trust C0mpAny.

Reno, Ney.. Oct 2S--The State Bank and Trust Company. with headquarters at Carton, and branches at Goldheld, Fonopah, Manhattan and Blair. closed its doors this morning. The State Bank Examiner Is in charge. The difii- culty was due to inability to realize on stoch placed as security for $4oo,00o loan made to the Sullivan Trust Com pany lest year.
 T. B. Hickey. president of the bank. Is one of the wealthiest men in the state. and the banks assets are thought to exceed liabilities. No fear is entertained that depositcrs will lose "a cent. Hickey Is now in San Fran sciacos
 Following the auouncement that the Bank and Trust Company had temp orarfiy suspended. the Neye and Orms Bank. Frank Golden. president. of Carr son. Tonopah. Goldheld. Manhattan and Reno, put out sign stating that the bank would be closed for three days in order to have sufficient coin shipped In to prepaxe for any rush.
 There Is excitement and the feel ing prevails that this will be no faii- ura-
The Montgomery advertiser., 1907-10-24
statement by officisIs.

Reno. Nevada, Oct. 2s--A statement issued by the State Bank and Trust Company this afternoon assigns labor troubles and drain on deposits as reasons for the suspension and ae- clare that depositors will be paid doI- lar for dollar.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1907-01-02

Our readers will remember that
capitulation of Port Arthur, received
the present of a horse from General
Stoessel subject to sanction by the
Japanese military authorities. The
horse was subsequently owned by Gen
eral Nogi and renamed KotobukL
This horse has now been given as a
breeder to Mr.. Tomobumi Sayeki, an
enthusiast in horse breeding, SO that
the horse may lead a peaceful life
hereafter. On parting with the animal
General Nogi has written its biogra-
ply. He says he rode it during the
war. At first it had wound on the
left fore knee. and used to limp after
long ride. The injury was sustained
by the horse while ridden by General
Stoessel from a fra gment of rock
struck by a shell. The wound cured
soon, and the horse proved a good
one, being gentle, strong. and main
tanning extreme calmness even in the
din and hustle of the severest fighting.
The General always rode the horse
during the subsequent campaign. The
horse was submitted to the Emperor
and Crown Prince for inspection and
was highly admired. The inhabitants
of the village Okazaki-machi in Tottori
Prefecture, where Mr.. Sayegi lives
consider the fact that the famous
horse is coming to this village as a
great honour, and have voted large
sum to organize a celebration on the
occasion of the arrival of that horse
Gazette.