davidaulloa/AmericanStories huggingface dataset:
Los Angeles herald., 1907-11-05
PRESIDENT OF BANKERS
OPPOSES EXTRA SESSION
BY Associated Press.

BY Associated Press.
LOUISVILLE. KY, Nov. 4.-Col. ]. d.
Powers president of the American Bank
ers association, In reply to many lettors
and kilograms today, made the following
statement:
II declined to join in the request to the
president to call an extra session of the
congress because l would not ask the
president to do a thing which / would NOT
do If | were president myself Nothing in
1.-The situation justifies an extra session Of
congress at the present time; congress-
men are not the best advisers in times
like the present
-"Fhe government. through it's secretary
pf the treasury and comptroller of the
fcurrency, backed up by the president him
self, has done and is doing all that IS
necessary to aid and assist, Courageous
cool-headed and wise fnancialers to Quiet
and allay the agitation and unrest from
the conditions that sooner or later were
bound to produce that which has been
precipitated by overspeculation in fc-
titious values
We are face to face with a eraat
lesson, which will result in substAntiaI
good to the country in general and the
banks III particular"
Los Angeles herald., 1907-11-05
GREAT GRAIN COUNTRY CRYING
FOR MONEY TO MOVE CROPS
Ry Assoclated Press.

BY Associated Press
GRAND FORKS, N. d., Nov. 4.-Senator
Hansbrough sent the following telegram
to President Roosevelt today:
Fully 150,0OOO0O bushels of grain are
now ready to be marketed in the two
Dakotas and Minnesota and there Is no
money with which to do 1t. The necessi-
ties of the northwest are. therefore, much
greater than in any other section OF the
country, demanding the fullest considera~
tons at the hands of the treasury de-
partment.
''Ten million dollars placed in Twin City
banks would raise the embargo and star:
grain shipments to Europe. This would
relieve the financial stress in the east
much quicker than a deposit of treasury
funds in New York.
Treasury relief operations should have
been begun here, where the congestion is
greatest. Our people are not losing their
heads They have no fear of panic, but
in this crop moving season our business
men should have special consideration"
Los Angeles herald., 1907-11-05
SAN FRANCISCO USES
CLEARING HOUSE SLIPS
BY Associated Press.

BY Associated Press.
SAN FRANCISCO, Nov. 4.-The circu-
lation of s5. $40, $40 clearing house certifi-
Gates in lieu of legal tender was begun
among the banks of San Francisco this
morning. Approximately $2,0O0,OO0 worth
of this is available, but what proportion
of the total written face value will be
drawn into circulation this week depends
upon the action of the eastern bankers.
If in the settlement of overdue balances
to the credit of their San Francisco cor
respondents they apply a fair portion of
import gold now in shipment from Lon
don and South American capitals the
money scarcity here will be quickly re-
-lieved otherwise it is likely the entire
$1,000 900 of small denomination certifi-
Gates will be required and an additional
issue may have to be written, These GER
tificates are secured amply by deposits of
standard securities by the eighteen clear
i'lg house banks.
Cashier Burns of the San Francisco
subtreasury this morning paid to seven
or eight local banks $29OOOO gold, trans
ferred by telegraph from the New York
subtreasury. He said he had no doubt
that furrner transfer orders would be re-
ceived during the day.
All of the San Francisco banks except
the California Safe Deposit and Trust
day. though this is the third successive
public holiday proclaimed by Governor
Gillett
Manager Brown of the California Safe
Deposit and Trust company made the fol-
lowing statement this morning: Though
we have not heard personally from Presi-
dent Walker, we accept as accurate his
telegram of yesterday with promises of
assistance in the east. The bank is abso-
lutely solvent. 1t positively wilt resume
business, though how soon 1 cannot say.
] hope to see our doors reopened quite
soon. The bank commissioners probably
will complete their investigation in day
or two and will then issue a formal state
ment."
President King of the Clearing House
association has announced that all the
commercial and trading banks will be
closed tomorrow, election day being
legal holiday. This will apply also to the
savings banks.
Los Angeles herald., 1907-11-05
BIG BANKS
AID TRUST
COMPANIES
Up. MORGAN AND ASSOCIATES
HELP TWO CONCERNS
GOLD NEUTRALITY-SUSPICIOUS.
TO $a2,oooooo
General Financial Condition Seems
Encouraglng-Muchl Discussion
Regarding Extra Session
of Congress
tcontlnaed from Pnge one.l

would be much greater were IL not LOT
the delays incident to the Withdrawals OF
government bonds now pledged to secure
public deposits and their redeposit to
secure circulation. (
The plan suggested for the increase oil
circulation is, according to the officials,
working admirably. The president is con-
sulting with members of his cabinet re-
specting currency legislation to be rec
ommended to congress. 1t is conceded
that it will be difficult to get any benefi-
cfal legislation of this character through
congress quickly.
That was one Of the reasons why the
president did not agree with the great
interests which recently appealed TO MIN
TO call an extra session of congress.
1t is feared that some time must elapse
before the diverse views of many persons
can be fused into one practicable ana
effective measure of relief, and 1t was felt
that little substantial gain would be at-
corded by calling congress now. 1t may
be stated that none Of the multitude OF
currency bills projects appear more prom
ising to the president and his constitu-
ffonal advisers, or more likely to secure
the approval of congress, than the meas
IRE referred to by the president in his
last message. That is the plan commonly
ascribed to Secretary Show and approved
by many bankers and business men. The
president description of the measure was
as follows:
."According to this plan, national banks
should be permitted to issue specified
proportion of their capital in notes of a
given kind, the issue TO be taxed a. as
high rate as necessary to give the notes
back when not wanted in legitimate
trade. This plan would not permit the
issue of currency to government banks
as additional profits, bdt to meet the
emergency presented in times of strin-
gency."
Los Angeles herald., 1907-11-05
VESSELS sMoKEsTAck FALLS;
CAPTAIN BARELY ESCAPES
Rv Associated press.

BY Associated Press.
SAN FRANCISCO. Nov. 4.-With her
smokestack unshipped and hanging over
the starboard quarter at an angle of
forty-five degrees. but still belching
smoke, the steam Schooner Point Arena,
which left for Monroe Landing Saturday
night, returned to port yesterday after
noon.
While two miles off Point Reyes on
her way. to Everett with cargo of hay
and brick, the Point Arena encountered a
heavy swell One of the guy ropes OF
the port side was suddenly drawn taut
by lilreh of the schooner. 1t Snapped IN
twain, and the other guy ropes gave way
and the huge funnel toppled over, smash
ing the starboard lifebpat The stack
caught in the wreckage and was sus-
pended in a fantastic pole.
With the aid of block and tackle the
crew managed to keep the funnel from
dropping into the sea. Capt. Frederick
son barely escaped being crushed by the
falling smokestack.
Los Angeles herald., 1907-11-05
LESLIE SHAW ADVOCATES
EXTRA SESSION OF CONGRESS
BY Associated Press.

BY Associated Press.
NEW YORK, Nov. 4.-Financiers of
New York hold opposing views regarding
the suggestion that President Roosevelt
call an extra session of congress at once
10 provide for currency reforms.
Half a dozen members of congress, men
prominent in the house, oppose 1t.
The financiers who oppose a special ses-
sion of congress generally favor currency
reform, but they hold that the regular
session of congress is so near that the
subject can he considered then.
Leslie NJ. Shaw, president of the Car
negie Trust company and former secretary
of the treasury, is one of those who favor
immediate action. He says if congress
had acted last winter the crisis through
which we are now passing would not have
happened.
Los Angeles herald., 1907-11-05
BANK OF ENGLAND RAISES IT'S
DISCOUNT RATE TO 6 PER CENT
BIZ AssocIated Press.

<AooOOAdltu
LONDON, Nov 4-The persistent de-
mands from America for gold In spite Of
tho recently increased discount rate Of the
bank OF England and in face of the con-
tinued rise in the cable trapsfer rates.
caused the Bank of England this morning
to raise its rate from 51s to 6 per cent
Although an increase to this rate next
Thursday would not have surprised the
market, the announcement OF the raise
today occaeioned somewhat of a furry
locally.
X is considered, however, in financial
circles to be the natural outcome Of an
unfavorable New York bank statement.
When the Bank of Englands rate was
raised to 81 per cent October 81 it was
thought that the situation in the United
States was clearing satisfactorily, but the
continued engagements of gold at loss
Of to per cent on the exchange rates
caused a recurrence Of nervousness In the
market and rates were put up from 5is
10 6 per cent in endeayof to assist the
Los Angeles herald., 1907-11-05
HOLIDAYS IN CALIFORNIA TO
CONTINUE THROUGHOUT WEEK
BY Associated Press.

By Associated Press.
SACRAMENTO, Nov. A proclamation
has been issued from the governor s
office declaring Tuesday holiday.
Announcement was also made by the
governors private secretary that Wednes
day will be placed on the holiday list, ana
that it is probable that holidays will be
extended all of this week. or until re-
mlttances Of money from the east are re-
ceived.
The county tax collector. treasurer, re-
corder and clerk of this county are ac
cepting bank clearing house certificates in
lieu of cash for taxes, and local banks
are cashing salary checks, so that there
appears to be no diminution of money in
Sacramento.
Los Angeles herald., 1907-11-05
w. J. BRYAN CLOSES CAMPAIGN
FOR DEMOCRATS IN NEBRASKA
BY Associated Press.

LINCOLN, Neb., Nov. "A Republican
rally in Lincoln, addressed by Governor
Sheldon, Senator Burkett and county can
didates, closed the local campaign tonight
Other meetings were held over the state
MIR. Bryan making his final speech at
Osceola, Polk county, in the interest of
the Democratic state and county tickets
Mr.. Bryan will return to Lincoln to-
morrow in time to vote. 1t Is the belief
of political managers that the vote to-
morrow will be the lightest cast IN No
braska for ten years. Interest throughout
the state has been at a low ebb during the
entire campaign Until within ten days Of
Los Angeles herald., 1907-11-05

the election, and the apathy is still ap-
parent.
Some bitter county struggles and con-
tests for district judgeships will have the
effect of bringing out the vote more than
any interest in tho result Of the state
ticket Republican Chairman Hayward
said tonight that the entire ticket would
receive not less than 10000 plurality.
Chairman Allen for the Democrats said:
1--WE are confident we will win this year"
Los Angeles herald., 1907-11-05
CLOSE WALL STREET, ADVICE
OF oKLAHoMA'S GOVERNOR
Rv Associated Press.

GUTHRIE. Okla, Nov. 4.-"If my ad-
vice is worth anything it would be to de-
clare a 90-day holiday on the New York
stock exchange" declared Governor-elect
Haskell tonight, when asked his opinion
as to the best way of putting the country
on a sound financial footing.
'The money that has been flowing into
Wall street could then be used TO market
the crops and the wealth of the country
would be so invested as to put the coun-
try at ease and even carry the gamblers
through another period of reckless finan-
ciering," continued Mr. Haskell.
1.-THE next congress should make amends
for the neglect of the past by adopting
financial system equal to the needs of
commerce and free from any special raw
oritism to any class or domination of any
special interest"
Los Angeles herald., 1907-11-05
BANKS in NORTHWEST ADOPT
NEW SYSTEM OF CURRENCY
BY Associated Press.

BY Associated Press
SPOKANE, Wash, Nov. 4-The banks
of the northwest. at meeting held IN
Seattle Sunday, agreed to conduct busi-
ness ON one plan for this section. The
cashiers checks which are being issued
by these banks in the place of cash viii
be accepted by all the banks in the north
west thus furnishing the district with
new form of currency. S7t-.
The meeting was well attended and the
decision to make the scheme uniform was
unanimous. 1t was agreed that the banks
of the entire northwest would be back
of the cashiers checks. 1t is believed this
system makes the northwestern banks alb
solutely safe during the present financial
stringency.
Los Angeles herald., 1907-11-05
coRTELYou PROMISES TO
AID FARMERS IN NoRTHWEs
BY Associated Press.

WASHINGTON Nov. 4.-Senator Nell
son of Minnesota reached here today
with delegation of Bankers from st.
Paul and Minneapolis and had an audi
ence with President Roosevelt late to-
night. Those accompanying Senator
Nelson were ]. w. Tusk, C. T. Jaffray,
j. w. Decker and c. w. Harrington
Measures for the relief of the grain
men of the northwest were talked
over, and 1t was authoritatively an
nounced by Secretary Cortelyou to-
night that he had agreed to extend
help and do everything else possible to
improve the situation with respect to
the movement of grain.
Los Angeles herald., 1907-11-05
STEAMER GOES DOWN;
CREW ESCAPES IN BOATS
City of Birmingham Strikes a Ledae
Soon After Leaving Bos.
ton Harbor and
Sinks
BY Associated Press.

BY Associated fress
BOSTON, Mass, Nov 4-The steamer
City of Birmingham struck ledge in the
'harbor early today while bound out to
Savannah and sank about twenty-seven
miles below here. The crew escaped.
At a slight bend where the channel
enters what is known as the middle
ground, the City of Birmingham hit an
obstruction, She backed off into deep
water. Immediately her engine room was
filed with water and five minutes after
striking she sank.
Her crew had no difficulty in getting in
the steamers boats and rowing the two
miles back to the dock.
Los Angeles herald., 1907-11-05
FOUR THOUSAND COAL MINERS
DEMAND PAY IN CURRENCY
BY Associated Press.

BY Associated Press.
DANVILLE, ILL.,. Nov. 4.-Four thousand
coal miners employed at Kellyville, Steel
ton and Westville are practically ON a
strike on account of the financial situa-
ton. Last week they were advised that
next Thursday, the regular bi-month1y
pay day, they would receive checks in
stead of currency.
At subsequent meetings the men decided
not to go to work today until assured
that they would be paid in cash, and to-
day the mines are Idle.
Los Angeles herald., 1907-11-05
British Steamer Aground
BY Associated Press.

LONDON. Nov. "A dispatch from
Callao states that the British steamer
Caicque, Capt. Dill from Seattle and San
Francisco for Valparaiso. dragged her
anchor and grounded in ten feet of water
at Lobitos near Callao. She is lying
broadside on, 200 feet from the shore.
and is Dumping heavily.
Los Angeles herald., 1907-11-05
Give Warden Yell a Watch

by AssOCIateu T Itsa-
SACRAMENTO, Nov. 4.--The guards Of
Folsom prison Saturday evening pre-
sented Warden Archibald Yell gold
watch, locket and chain. This apprecia-
tive action was the result of the an
nouncement that Warden Yell is to be
displaced next month by William Reilly
of Ventura county.
Los Angeles herald., 1907-11-05
THREE SMALL BANKS IN
KANSAS TO CLOSE
BY Associated Press.

BY Associated Press.
TOPEKA, Kas., Nov. 4.-Bank Inspector
]. S. Roys says today that three Kansas
banks had been forced to close their doors
owing to the failure of the Bankers Trust
company OF Kansas city, Mo-, october 81.
Kerrville; the Garland State bank, Gar
land, and the Citizens bank of Mulberry.
The Kerrville State bank had deposits of
10000. the Garland State bank $4,000 and
the Citizens state bank Of Mulberry
SS5, 600.
Los Angeles herald., 1907-11-05
FINANCIAL WORRIES DRIVE
ANOTHER BANKER TO SUICIDE

By Associated Press.
HUNTSVILLE, Ala, Nov 4.-James r.
Boyd, cashier of the Huntsville Bank and
Trust company, shot himself dead in his
home today.
His intimate friends say he labored
under high nervous strain for several days
and feared a run on his bank. His ac.
counts proved to be all right
Los Angeles herald., 1907-11-05
OREGON RAILROADS ACCUSED
OF HINDERiNo CIRCULATION

BY Associated Press.
PORTLAND. Ore, Nov. a.-The Clearing
Mouse association has protested to the
railroads doing business in this city
against the alleged action of the trans
portation companies in enforcing the pay
ment of all bills in coin and not return
ing the coin to circulation.
The local banks continue to cash pay
roll checks in coin.
Los Angeles herald., 1907-11-05
BANKING AND BROKERAGE
FIRM IN HAMBURG FAILS
By Associated Press.

By Associated Press.
HAMBURG, Nov. 4.-Tlie banking and
brokerage firm of f. L. Appenberg sus-
pended payments today as a result of the
losses sustained through customers.
The firm. which also did an export and
import business. enjoyed high standing in
financial circles.
Los Angeles herald., 1907-11-05
FRESNO BANKERS DECIDE TO
ADVANCE $4,000 TO PACKERS
BY Associated Press.

By AssocIated Press.
FRESNO, Nov. 4.-The Fresno bank
ers at a meeting this afternoon agreed
to furnish packers $4,000 in coin to
meet the weeks pay roll. The local
bankers also expressed the desire to
have the legal holidays discontinued,
as they are said to be confusing in
business and more detrimental than
helpful
Los Angeles herald., 1907-11-05
Asserts Pope is in Good Health

ROME, Nov 4.--The official organ of
the Vatican declares today the rumors of
the i'll health of the pope are absolutely
without foundation. His holiness is in
good health.
Los Angeles herald., 1907-11-05
PILES cuRED IN a To IA BAYS

PAzO OINTMENT is guaranteed to
cure any case OF Itching, Blind. Bleed
ing or Protruding plies in 6 to IA days
or money refunded. soc.
New-York tribune., 1907-01-28
pennsylvania RAILROAD
Bulletin.
Bulletin.
OLD MEXICO and THE GRAND CANYON.

settled by the Totees the 9Th century
that Corez in 1919 found civilization
Mxco) that
in of those days
Mexico changed little the days Coez In section,
the natives speak form of the old Aztec s reared by
heads and
themselves
The will Personally Conducted tiry
through Mexico leaving the East February by Special Train OF Por Sleep
Observation of the highest grade Pullman
The itinerary includes three New Orleans during the picturesque
gndsnd
in
Quearo ozab Cuernavaca
journey
enjoying of
itinerary giving
furnished by Ticket application
by Boyd Passenger
Agent. Philadelphia.
New-York tribune., 1907-01-28
NEW 1L4RM IN FRANCE
German Election Again Creates
Fear of Kaiser's .4ims

Paris Jan. 27.-Practically the entire French
press unites in regarding the German election as
a distinct Endorsement of German Imperialism,
and therefore I'm the highest degree disouietIn.,
to Great Britain and France The "Figaro,
alone opposes this view being of the opinion thai
the dcsertiOn of the Socialists I'm favor of the
Liberal parties would not have been possible IL
the latter had not recently clearly manifested n
desire for a less personal form of government
a consideration with which the government must
reckon hereafter.
The advanced Socialist organs are unable 10
conceal their grief at the setback given To the
international movement. The 'I4anterne' saws
Of the victory Of imperialism: THE profoundIv
regrettable struggle for armaments between the
great powers will now continue with increased
herceness, and the people will bear the brunt OF
this folly
M. Jaures. the French Socialist leader. at
tempts to explain the defeat OF his German allies
on the theory that the Socialist victory of 1909
was really abnormal, and due 4 to the violent
tariff war and anti-monarcf1ieal agitation follow
ing the flight of Crown Princess Louise of Sax
ony with her tutor. Giron
The Echo de Paris says Germany rejected
socialism because she felt il led straight to in
ternationalism and anarchy, and because Il was
source OF weakness and national peril
New-York tribune., 1907-01-28
KINGSTON NEEDS FUNDS
Imperial Grant Hoped FOr-GoU-
ernOr's RESIGNATION.

Kingston. Jamaica. JAM 27.--It is understood
that Governor Swettenham rendered his resigna-
ton to Lord Eigin, Secretary for the Colonies. a
few days ago. in consequence OF the Admiral
Davis incident and his inability TO solve the
problem created by the earthquake. On Satur-
day the Governor visited the temporary offices
of the Municipal Council and informed the vice
chairman, who is acting in the absence Of Mayor
TAFT, who is injured. that the government had
decided to relieve the people of Kingston from all
rates and taxes for period of fifteen months
beginning January /. This announcement has
been received with pleasure by the residents or
the city who viii be encouraged to start the
wor, Of rebuilding early as possible
Archbishop NuttaiI. in an interview said that
the Municipal Council was unable to deal WIN
the present extraordinary emergency, ana shouid
he abolished and that commissioner with
full powers should be appointed to govern inc
city during the period of reconstruction. ne
also said that in addition to the generous contT-
buttons from the United States, Canada aRtl
elsewhere It was absolutely necessary to OBTAIN
an imperial grant and large imperial loan 10
rebuild Kingston, more particularly in view OF
the attitude of the English fire insurance COM
panies. which have refused liability for losses
sustained during the earthquake and fire
New-York tribune., 1907-01-28
PROTESTS IN RUSSIA.
Government focused of False EIec-
tiOg Returns.

St Petersburg, Jan 27.-The accuracy OF the
semi official returns OF the first degree elections
by peasants and small land owners. which indi-
cate that over 20 per cent of the delegates
chosen are Conservatives and government Mod
crates is challenged by the opposition leaders.
who. from their own advices. assert that the
election service furnished by the official bureau
was colored to influence the succeeding elections
and that large proportion of the so-caIed
Moderates belong to the Constitutional Demo-
Gratis and other Left parties Reports Of oppo-
sition victories. they say are either shown only
slightly or suppressed altogether and they say
that the next stage OF the elections will prove
that a majority OF the delegates again belong
to the opposition, The Russ prints what II
calls an example of the false reports from a dis
trict of Orel province where almost half the
so-called Moderates avowed Constitutional
Democrats.
In the remainder OF the primary elections of
workmens representatives to Parliament held
here to-day, out of the 1873 returned "a were In
dependent Radicals. "a Social Democrats and
IL Social RevOlutionists
In Moscow similar elections were held and
out Of 1872 returned 90 were Independent Con-
servatives. ~ Social Democrats. Revolution
lists and % Constitutional Democrats
New-York tribune., 1907-01-28

oyer. At ;.e direction az the President Mr..
Ragers prepared the official statement for the
press.
fThen informed Of the statement issued by
direction OF 1he President Mr. divers repre-
seutatiYcs tonight said;
There Is absolutely 40 doubt about Mr. Oliver
being able 10 fuihl the requirements oc the
Canal Commission There are now al least
twenty OF TIE most responsible contractors in
the United States who have expressed a willing
ness to join Mr.. Oliver IL The work Of construct
ing the canal at the figure mentioned in his
original bid. These names viii be submitted 10
PRESIDENT Roosevelt tomorrow with proof of
their financial responsibility Before entering
into another arrangement Mr Oliver wants 10
know positively that the contractor he chooses
will be acceptable to the government"