Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-31

withhold the funds for the schools un-
less the political agitation were stopped.
and on Nay IL tue local authorities were
efi'Tnworod to prohibit all political meet
ipgS among tho natives.
. On April IL Lord Cromser, who had
been England's maiHstay in Egypt fcr
more than generation. resigned his
post as British agent and consul gen
eral. His resignation was accompanied
| by note OF serious warning to the Eu-
ropean powers regarding the strength
and progress Of the much-talked-of Pam
| Islah,istfc movement He was succeeded
by Sir Eldon Gorst
! The war cry of the LIBERAL govern
ment continued to be the abolition OF
the house of lords. and this was recog-
nizeds in the speech from the throne
February L.. when the differences be-
| tween the upper and lower houses were
mentioned. June - the lords committee
on the reform of the house of lords
made Lord Rosebery chairman. On the
a4th bill INTRODUCED into the house of
commons to curtail the lords was
adopted by vote Of 4se to l47.
Possibly the agitation against the
| lords had some bearing on the lordly
vote on the celebrat ted deceased wife's
sister bill. 1t had been before paria-
ment for years and legalizes the mar
rage Of widower to his dead wife's
! sister. The bill was finally passed by
prelates Of the Church of England the
fdisestablishment of which is sought. are
still condemning the law. which is
/ against the teachings of the church.
The fourth conference Of the colonial
premers began April 10, DIR: Jameson
from Cape Colony. Gen. Louis Botha. the
Roer from the Transvaal; Alfred Deakin
from Australia, Sir J. G. Ward from
New Zealand. Frank r. Moore from
Natal. Sir Wilfrid sI.aurier from Canada
NewfOund-
land being present. The conference
| lasted some weeks and did practically
nothing, although the expediency of es-
| tablishing preferential tariff rates be-
| tween Great Britain and the colonies was
| warmly championed.
| Lord Curzon. relict of Mary Letter.
| March IA defeated Lord Rosehery for
| the chancellorship of oxford University
and so presided when Mark Twain and
| Whitelaw Reid received their honorary
degrees June IS. August - the Trans
vaal parliament voted to buy the mil
| lion dollar Calinan diamond and present
| it to King Edward. He received II on
| his birthday, November 9. Great Britain
has continued her extensive naval con-
! struction plan a matter Of course
| As the year ends, the. financial scare
that began in New York when F. Angus
tus Henze, E. r. Thomas and
Financial Charles w. Morse were forced
out of their chain OF national
scare banks has gradually worn
away. Mr.. Heinze resigned the presi-
| dency of the Mercantile National Bank
Octot er II, and from then on until No
vem5er II. when Secretary Cortelyou an
1ourced. the governments intention to Is
sue 1900. coo Panama bonds and $lOo,-
0O00OO interest bearing certificates of IN
CabteGness, the financial storm ragged
| f1erce'y. On October y the knickerbocker
Trust Company of New York, with de-
posits aggreRa:ng S7O.OOO,O0O. closed its
doors afte- paving out 5000, 900 in a run
| lasting day. The next day receivers
| were. appointed for three Of the great
Westinghouse concerns; Secretary Cortel-
you placed $4,000, 900 government money
in the New. York banks. and the Trust
Company of North America. the largest
in. New York. paid out $13,OO0.OC0 in the
run when began that day and lasted until
WELL into November.
BY October 20, when the New York
Clearing House Association authorized
loan certificates. the uneasiness had spread
all over the country. Two days later
clearing house certificates were author
lied in most of the large cities exchanges
were ordered closed. notably In Pittsburg
and New Orleans, and several governors
of staTes. Oklahoma leading off. began to
declare more or less lengthy legal holi-
days. that the banks might remain closed
until the skies cleared bit.
In the meantime. Secretary OF the
Treasury Cortelyou took up his station in
New York. and. together with J. Pierport
Morgan and other well-lsnow n f1nancier J,
worked indefatigably to restore public
confidence. When call money reached 100
per cent on the New York stock exchange
on October "a a bankers pool. headed by
Mr. Morgan loaned S25,0G0.OOO at 10 per
cent At a conference dominated by Mr.,
Morgan the leading bankers of New York
determined to see the trust companies
through the crisis. - Gold was early en-
gagged from abroad: by November I the
later came the announcement Of the gov
ernment's determination to further relieve
the situation by issuing Panama bonds
and interest bearing certificates: Since
During the height Of the trouble seventeen
banks in New York and f1fty-four in
other cities suspended payment wholly or
in part The most prominent victim of
the, panic was Charles T. Barney. the de-
posed president of the Knickerbocker
Trust, who killed himself in November.
The separation law went into effect
in France December II. 1906. and for
the first few months Of
Troubles in the present year there
was good deal Of fric-
ton between state and
Vatican. Premier Clemenceau, aided by
NJ BRAND. minister of education and
public worship. used strong measures to
carry out the law, and the people at
large, although as per cent nominally
Catholic, nevertheless supported the
government. Finally. however. the gov
eminent virtually recognized the church
hierarchy. but proceeded to carry out the
separation rigidly.
Early in May came the uprising of the