The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-11-06
Nearly $7,OOO,OOO Increased
Circulation Shipped to Banks.
GROWS BIGGER DAILY
Applications Continue to Come
i'm Undiminished Volume.
Congressman Scott Discusses
Kansas Financial Situation.

| the treasury standpoint is more en-
couraging today than at any time dur
ing the past two weeks. The comptrol-
Ter of the currency is making large
shipments of currency to national banks
and applications for increased circula-
tion continue to come in undiminished
numbers. Up to this time between &c.
100000 and 100000 increased circulation
has been shipped to national banks and
each days shipment shows an increase
over the preceding day.
| Representative Scott of Kansas dis
cuSsed the financial situation on leav-
ing the White House today and was
optimistic as to present and future con-
ditions. He pictured the state of Kan
sas as in an entirely safe and prosper
Gus condition. The only regrettable fea-
ture, he said, was that Kansas bankers
had taken too much eastern paper, and
now that they wanted to realize on it
they were unable to do so. However, he
said, the state had enough money to
move it's crops and he did not believe
the pinch would be felt there.
Representative Fowler of New Jer-
sey, chairman of the house committee
on banking and currency, was White
House caller, but did not wait to see
the president. who was engaged.
To start the Money Stream.
st. Paul, Mimi, Nov. 6-Mr. E. H.
Bailey, president of the First National
bank, who announced last night that
as result of conference between
bankers of st. Paul Minneapolis and
Duluth and J, J. Hill a plan had been
evolved which would provide funds for
the movement of the grain crops of the
northwest, said to the Associated Press
today that he had little to add to that
statement.
s.The result is what is more import
ant, not only to the people of the north
west. but to the east as well,'' he said.
1.-The people of the northwest can rest
assured that the combined efforts or
1, e-nf hn
in motion that will provide genuine re-
lief that no other measure would. IL
is not necessary to get into deta1ls. Re-
suits are what we want A large 1und
has been raised for that purpose ana
II is hoped that by putting this move
nent under way it will result IN
stream of money from Europe IN pay
ment for the shipments.
provisions for the shipments from
the terminals" Mr.. Bailey explained,
"will promote the shipment of grain
from the local warehouses and IN TINS
way the entire crop will be moved and
laid down in eastern markets rms
will make the northwestern states
creditors and as the flow OF gold from
Europe already in motion continues a
large shipment of 1t will find its way
into banks in this section OF the coun-
try and any remaining str1ngency VIII
be removed"
More Gold on the Way.
Southampton, Nov 6.-The steam
er Oceanic which sailed from here to-
day for New York. took over 1,599,-
900 pounds in gold.
Situation Materially Relieved.
New York, Nov. 6.-The situation
in regard to the trust companies,
which have been under pressure was
materially relieved this morning. The
Trust Company of America, opened
at 10 a. M, with an augmented force
of paying tellers and the Lincoln
Trust company, also opened for busi-
ness as usual. This was mainly the
result of conferences held in the Ii
night which resulted in the issuance
of the statement signed by Edward
King
company said today that the situation
has been materially cleared up and
the company is now in a position to
continue it's business as usual. The |
depositors who apply to withdraw |
care of, he said now that the flood of
gold from Europe to America contin- |
ues. More than 100000 900 has been !
engaged for import since the present
movement began less than two weeks
ago. The first additional engagement
reported today was one of 100000 |
for the Bank of Montreal.
Lazard Freres today engaged an ad-
ditional million dollars in gold for i'm
portation. This makes the total en-
gagements to date $37,O50,0O0
Print Works Fails.
North Adams. Mass, Nov. 6.-Henry |
H Warner was appointed receiver for |
the Arnold Print Works today The |
embarrassment is caused by inability |
of the company to renew loans.
The Arnold Print Works is one of |
the largest textile manufacturing estab- |
lishments in the state, it's employees |
numbering in the vicinity of 5000
Roosevelt VIII Do What He Can.
New York, Nov. &c. H Carey |
chairman of the executive committee of |
the United States Steel corporation, is |
visit which he and H. G. Frick made |
to Washington on Monday:
'"The president is disposed to do ev- |
erything in his power that is right and |
proper to benefit the business interests |
of the country"
Currency Legislation Urged.
ST. Joseph, Mo-, Nov. 6.-The follow !
ing telegram in which the st. Joseph +
Business Mems league, Kansas CITY |
Commercial Club league, ST. Louis 1
Business Mems league and Chicago As
sociation of Commerce united, was sent
to President Roosevelt and Secretary |
Cortelyou:
Believing that prompt legislative
measures should be adopted to prevent |
repetition of existing financial condi-
tions, we, the undersigned commercial |
organizations, respectfully and earnest
ly urge that currency legislative mat
ters, be considered at the coming ses-
sion of congress-
kilograms were sent to commercial |
organizations in GO other cities urging
them to take similar action.
Mining Stocks Advance