The Irish standard., 1907-11-09
fINANc|ERS Devise
I. PLAN OF Protection Il. ] u
CONFERENCE DECIDES ON TRus.
TEES FOR TWO BIG NEW YORK
:. TRUST COMPANIES. ss,..

DEPosiToRs:ARE TO.
RI. =. :: =. +: { BE PAID IN !! FULL VI
-. s.s.. = 80 ..-,e...s +:
Experts Find Asset. Of Trust Com.
pany,. Of America and Lincoln.
Trust Company in Assuring Con.
s.dltiop-RoeseveIt viii: Help:
New York, Nov. 7.-Following an ex.
tended conference in the library Of j.
r.. Morgan, in which prominent New
York bankers participated, Including
the heads of the various trust COM
panies Of the city and the officers of
the Trust Company of America and
Of the Lincoln Trust company, an i'm
portant; statement was issued
Wednesday showing. a. final settle
ment Of the difficulties that had dis.
turbed local financial conditions. The
statement follows: = :; -
"The committee Of the trust com.
panies of New York city has had the
assets of the Trust Company Of
America and the Lincoln Trust com.
pany examined by experts, who report
that in their judgment on the present
4, basis Of values the assets Of each com.
pany are sufficient to pay its deposit
ors In full. .,.-4
-, -" Committee Takes Charge.
+. ut has been arranged that a. major.
ity. Of the stock Of each company shall
be placed under, the control Of 9 com.
mittee composed Of. Mr.. King, presi-
dent of the Union Trust. COM
pany; Mr.. Sheldon; president ::aof
the United States Trust COM
.pany; Mr.. Marston. president of the
Farmers. Loan and Trust, company;
Mr. Waterbury: president of. the
Manhattan Trust company; Mr.. Cas-
ties, president OF the Guarantee Trust
company, and Mr.. Walker, president
Of the Central Trust company, who
will act In an advisory capacity, and
the necessary financial arrangement
has been. made to enable both. com.
panies to proceed" with their busi-
ness. : =. 49,. ...... =
i: ~! The statement is signed by Edward
King. chairman Of the committee OF
trustees. ..
The Trust Company Of America
opened at ten q. m. with an augment.
ed force of paying tellers,; and the
Ldnceln Trust. company also opened
for business as usual. An official of Lin
coin Trust company said that the situ-
alton had been materially. cleared UP
and the company was now in a, posi-
tfon to continue Its business" as
usual. -; -: ~. = :. -
~ +: T.. : Gold: Continues to Come. 49,.
e. The flood. OF gold. from Europe. to
America continues. The first addi-
tional engagement reported Wednes-
day. was one Of 100000 for the Bank
Of Montreal. Lazard Freres later en-.
gagged an additional million dollars
In gold for import This makes the
total engagements to date $4,000, 900.
t*.....s. Gary leased at Trip. =,
p, II. Gary, chairman of the execu.
tive committee Of the United States
Steel corporation, is quoted: as. say
ing regarding the visit which he and
H.. G. Frick made to Washington on
Monday: ..'The president is disposed
to do everything in his power that
ls. right and proper to, benefit; the
business interests Of the country:
.. Mr.. Gary declared that he was not
prepared to make any more detailed
statement about the visit: nor about
the acquisition Of the control OF tile
Tennessee Coal. and Iron company BY
the United States Steel corporation
He. thought he would be::::ready Z. te
say more about: these matters in 4
day OF two: ,.~si.
:. ..';oceanIc Brings $4,000, 900.
Southampton, England, Nov. 1.-The
steamer Oceanic, which sailed from
here Wednesday for New York, tool
over s1,5ss,ooo (about $s,ooo,ooo) ir
gold: ): ~ So
=. Railroads Aid Coal Miners. .:='
], st Louis; Mo-: Nov. l. Desiring tt
provide against a suspension of work
In: Illinois and Missouri coal mines
the Missouri Pacific and Iron Noun
tain systems and other railroads made
arrangements to turn as much cash az
possible over to. the operators. Money
collected at stations along the lines
will be available for paying the wages
of miners. =: -,
Receiver for. Arnold Print Works.
Boston, Mass, Nov. 7.-Henry H
Warner of this city was appointed re
,ceiver for the Arnold Print works a
North Adams in the United States cir
cult court Wednesday. It is under
stood that the cause Of the embarrass
ment was the inability Of the compan,
to renew maturing loans held by say
ings banks, The petition, for the re
ceiver was brought by Prestden
Houghtou. who is Also the ptincipa
owner OF the company e
4 The condition Of the company o.
June 30. 1907, as shown by its state
ynant +o fhn. Maasachusetta commits