Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1907-11-01
RAILROAD Lays OFF
THOUSANDS OF MEN
UNION PACIFIC ABANDoMs ALL
CONSTRUCTION WORK ON
THE ENTIRE SYSTEM.
BETWEEN 1000 AND
5000 WORkMEN OUT
Building of Lane Cut OFF Which Would
Have Been Finished in is Days 10
Stopped-country's Financial Sit.
uation Slightly Improved.


topped-countrys Financial Sit.
uation Slightly Improved.
Omaha Neb., Oct. 3O.-The Union
Pacific railroad at noon Monday dis.
charged between 1000 and 5000 work
men. This statement is official, and
is authenticated by General Superin.
tendent Park and Assistant to the
vice president, 7. M. Orr.
Abandons All Construction.
The discharged men are from the
construction department and every
piece of construction work on the en-
tire system is abandoned. The Lane
cutoff, west from Omaha, which has
cost S5,000,000 and three years work,
and which would have been finished in
Is days, has been abandoned. The
work has ceased on all work in Kan
sas City and along the Kansas divi-
sion, including the new line between
Topeka and Lincoln, Neb.
Stop Work on Shops.
The work on the new shops in
Omaha has been temporarily aban-
doned.
None of the operating force has
been discharged, and probably will
not be for some time. On this point
General Superintendent Parks says:
Will Lay OFF Train Crews.
I'VE expect curtailment of bust.
ness. and as fast as this occurs we
will lay off train crews. For the pres.
ent this will not be done; our orders
are to dispense with every available
man and to stop every piece of con-
struction work on the system. We
are ordered to cut expenses in every
possible way"
Probably Ordered by Hartman.
These orders came from New York,
but the officials would not say who or
dered them. E. H. Hartman is the
only official of Union Pacific higher
than Omaha officials.
Other Roads Not to Follow.
The Burlington and the, Northwest
ern. which have headquarters in the
city, are proceeding with their work.
When asked il the Northwestern
would follow the Union Pacific's &C.
ton, General Manager Walters of the
lines west of the Missouri river said:
mo, we are too busy to quit work
and lie idle
General Manager Soldredge of the
Burlington lines west of the Mis-.
souri, river, said no more men would
be laid off by his road than was usual
for the approach of winter, that the
financial situation was cutting no fig.
ure whatever in the affairs.
/ Cabinet Holds Conference.
Washington, Oct. 30 - President
Roosevelt was in conference with all
members of his cabinet except Secre
! tary Taft for more than two hours
Tuesday. The financial situation was
under consideration
Secretary Cortelyou believes that
the general money situation through
out the country, and especially in New
York, is steadily improving. During
the last seven Gays he has deposited
in the national banks sum approx
mating $5O,OO0,0O0. and since early il
September, when the secretary begar
his weekly distributions, nearly $40,
100000 have been deposited, which
brings the amount of public funds nov
in the national banks up to over $215,
100000, of which about 100000 ha'
been deposited to the credit of govern
ment disbursing officers. During Pres
ident Clevelands first term very large
amounts of public funds were deposit
ed in the national banks for the de
, clared purpose of relieving the treas
ury of a burdensome surplus, bu
never before in the history of tn,
country have such large sums beer
placed with depository banks to aver
threatened trouble in times of unusua
disturbance in the financial centers
Secretary Cortelyou remained witt
the president for some time after tn,
conclusion of the meeting. Secretar,
Garfield also later conferred with tn
president, taking up the question O
federal appointments in the Indian
; Territory, which probably will be an
nounced about the time the presi
dents Oklahoma statehood proclama
ton is issued next month.
Conditions the Same in Gotham.
New York, Oct 30-The financia
situation was without notable develo1
ments Tuesday. The stock marke
! was a little unsteady but without e,
!, IRENE agitation.
The announcement that the Impe
rial Bank of Germany had raised 1t
discount rate from five and one.half t
six and one-half per cent. in order t
protect its gold holdings, was not u,