The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-11-12
ENOUGH COLD.
A Total of Nearly 6O,OOO,OOO
Engaged Abroad.
One Bank Cancels an Order for
$1,OOO,OOO.
CASHIERS CHI e c. * S
Are Called in at Kansas City
and Replaced
BY Clearing House Checks for
Additional Security.

New York, Nov. 12-The movement OF
| gold from the vaults of the European
banks to the United States which has
been in progress for several weeks in
which the unprecedented total of near
ly $50, 100000 has been engaged abroad
for import still continues. The total,
which passed the $55, 100000 mark yes
terday, was increased today when the
Illinois Trust and Savings Bank of
Chicago completed negotiations for the
importation of $1,o00,000. This engage
ment makes the total to date $50, $50 900.
Cancellation by the National City
bank of an engagement for $1,OOO,OOO
was feature. In announcing the can
collation. the National City bank said
it was done in reference to the feeling
in banking circles in London and De-
cause it was considered that the amount
of gold already engaged was sufficient
to meet the situation.
Change in Checks.
Kansas City, Mo-, Nov. 12.-Cashiers'
checks which the banks have been fur
nishing the business houses for the
past week to enable them to meet their
pay rolls, were replaced today by clear
ing house checks. Additional security
of the new medium of exchange is the
reason given for it's issuance and for
the retirement of the old.
Big Issue at Salt Lake.
Salt Lake City, Nov. 12.-The clearing
house association last. evening passed
upon the security offered by local banks
and authorized the issuance of about
half a million dollars in clearing house
certificates which will be used chiefly
in making settlement with the country
banks for meeting large pay rolls.
Credit Men Vote Confidence.
Indianapolis, Nov. 12.-The direc-
tors of the National association of
he La or 6rCi
organization in the United States
with a membership of 5000, met here
and affirmed the faith of the organi-
zation in the commercial integrity of
the nation and in the business prin-
ciples on which the affairs of the mer-
camille community are conducted. The
following resolution was adopted:
t3That from trustworthy trade and
financial information received FROM
every section of the country, the as
sociation declares general business
conditions to be fundamentally sound
and believes the present financial dis
turbance Notwithstanding the string
ency of the currency will be of short
duration.
''That the association calls on its
m embers to support one another in
an effort to restore the confidence of
the people so unnecessarily shaken at
one the necessity of upholding busi-
ness interests by depositing their
money now as in the past in the
banks of their respective towns and
cities. to the end that it may be used
for its legitimate purpose, the carry
ing on of the business Of the country"
The annual meeting of the associa-
ton will be held in Denver next June. |
Still Buying Gold.
London, Nov. 12-The United States |
.oday bought 393, 900 pounds in bar gold |
and $4,000 pounds in American eagles |
rom the Bank of England.
Bank Did Not Open.
Portland, Ore, Nov. 12.-The Mer- |
chants National bank did not open for |
business today.
Checks Don't Go With CaIve.
Oklahoma City, Ok, Nov. 12.-Emma !
Calve, the grand opera singer who ap- |
oeared here in concert, demanded and |
vas given 81 900 in currency for her ap-
oearance. The financial situation has |
disturbed the prima donna. Recently |
she called up. her bankers in New York |
oy telephone and talked over financial |
matters. She talked s56 worth before |
she was satisfied, and now she accepts |
)nly cash.