davidaulloa/AmericanStories huggingface dataset:
Arizona republican., 1908-01-01
Comptroller of Currency Ridgey Says the
 Panic is Past
The Banks of the Country Are In Good Condition There is Need Only of a Readjustment of Business

Washington, Dec. 31.-W. B. Ridge ly. comptroller of currency. today gave
 out statement dealing largely with
 financial conditions during the year in . made this crisis possible are the ac- cumulated composite results of many years business. The whole world has been over-trading and expanding and nowhere greater than in the United States. The reaction was inevitable though it might not have taken the form of a bank panic had We been better prepared with such a banking currency system as we should have. The time has come when some or all
 must pay for over-indulgence.
 Tt is the duty of the banks" says the comptroller. ito restore normal business conditions by resuming their 1 functiOns as promptly as possible. [ 1rtunately there is not only the stI 7ngest desire and disposition on the part of the banks to do this but the coEdi ions are such as to make it compai 'tively easy and to lead us to expect a much more prompt recovery than have followed other similar fi- nancial crisis. Reports to the comp troller show hat the reserves in the central reserva cities were but g 2 per cent agains. the legal requirement. of 25 per cent. Forty reserve cities show 24.72 per c,pt of the legal re- | serve or almost a .ull legal minimum. while their total cash means are 26.55 1 per cent of their deposits. Of the ! forty cities twenty-one show legal re- ] serves of about 25 per cent and all but
 eight show more than 25 per cent to- ! tai cash means.
 The largest reserves are in Texas | cities, Galveston and San Antonio, ' showing over 3S per cent of the legal i reserve and Galveston over AS per cent of the legal cash means. In sub | divisions by states the Pacific states | show the largest legal reserve of %. .2S per cent, while the western states
 show the largest cash means of 32.11 per cent. The most important signi- | ficance by these figures is that a read i justment of bank reserves has taken place with so few bank failures. From | October 20 to Dec. 30 there have been | but sixten suspensions or failures of { national banks. Of these two have re- stunned and several more should in the very near future.
 Reports of the condition of national | banks show that from August 22 to ! December 3 industrial deposits de- ! creased $142, 900, 900 or about 311s per i cent while the decrease in cash on ! hand but $40,O00.000. The increase in | bills payable, hand and rediscounts, was about $42, ,00O, 900. We had a very | serious bank panic. It would have
 been much worse but for the aid of the treasury department and some lead | ing financial men of the country. It would probably never been known how
 much credit is due to the few men who | furnished the vast sums of money and | supplied credit from their enormous 1 resources in d patriotic effort to stop
Arizona republican., 1908-01-01

| ' Montana's output for 1906 was 3OO,-
 J0.0OO pounds.
 Her rate os increase for six years
 IS been per cent.
 This under normal conditions would
 ve an output for l9O7 of 3l5.OO0, ,O0O . punds. The high price of copper fur lished an unusual inducement for the first half of 1907 to push her output 70 the limit, but I figured that she was not quite able to hold her rate of in crease. owing to several causes, and produced for the first six months a trifle less than the normal
 All the world knows that the finan- cial panic of the last half of 1907, to the confusion and disaster of which her speculative operators contributed their full and unstinted share. has thrown MOntana's great copper indus try completely off the track and into the ditch
 My own final estimate of her output for the year was 242.OO0,OOO pounds, but as I felt too much in the dark I thought best to wire for information. I am probably the only newspaper man in Arizona who ever spent a red wiring for copper information. It is cheaper to guess. On December 26, received from NIT. Ellsworth, the well informed and responsible mining edi- tor of the Butte Daily Miner who should certainly be the best authority in the camp (and under no temptation 10 underestimate the output) and he answered. E<
 ''The years output, Montana. will be 296, ,750, ,OOO pounds"
 How are the mighty fallen,-how are
Arizona republican., 1908-01-01
FEATHERWEIGHT FIGHT
The Contest Today For the Worlds
 Championship.

San Francisco. Dec. 31.-Abe Attell, and Owney Morgan are both ready to fight for the worlds featherweight championship at Colma tomorrow They will weigh in tomorrow at 11:45 a. m.
 The articles of agreement call for 120 pounds two hours and a half be- fore the contest. Both will make the weight easily. The fight will be & in the open air and Jeffries will referee. Atwell continues a to 10 favorite in the betting.
Arizona republican., 1908-01-01

the panic and relieve a situation which would seem a fair conclusion that acute bank troubles are past but val ues of all kinds will have to be re- arranged. We shall have more fail ures, probably some more bark fail ures but these will be individual cases. results of particular conditions. We have been going too fast in business and all classes of people have been living too extravagantly. It would be good for all of us to check this"
Arizona republican., 1908-01-01

and will take try at the crown and scepter act herself for a spell.
 Los Angeles will fall off her chair when she hears the surprising news. but little shock like that won't do her any harm. She's been queen her self for quite a while-queen city of the Pacinc. or something of that sort and she'll be tickled to find she's got a royal cousin right next door that she can drop in on a friendly gossip of a morning while the dishwater is heating"
 Just say that Arizona's copper out put for 1s07, in comparison with the late royal Montana's stood Arizona's output t........274. .G0O. 900 lbs. MOntanas output. 236. .750. 900 lbs. Arizona's eXcess......... 31,250,0 900 lbs.
 That will be enough. Everybody will understand and all will hasten to send cards to the new queen and drop in to look over our crown jewels"
 MOntana's output of gold and silver is much larger than Arizona's but as most Of those are by-products of her copper there will be a considerable falling-off from last years output. Value of Montana's copper output ! for 1s07 following all she claims) will be 236, ,75O, ,OOOx.212s Cthe average price or copper for the yea) ...... $50. .3S3 O59 All other metals( roughly es- timated) ......... ........ 11.5O0. .OO0 Total value Gin round mil liOns) ...... ......... ..... $62. 900 00G Arizona .......... ........ 67.0OO, ,OOO Arizona's lead.... .......... S5.OO0. GOO FITZ- MAC Phoenix. Arizona. Dec. 31. Continued on page 9)
Arizona republican., 1908-01-01
FORTRESS PORT ARTHUR
 GOULD NOT BE HELD
The Testimony of Those on the Firing Line in Favor of Stoessel.

St. Petersburg. Dec. 31.-The court martial of Lieutenant General Stessel for the surrender of Port Arthur to the Japanese entered it's final stage today Several witnesses testified to the in dignation with which the proposal to capitulate was received by the cOun- .cil of war, but certain officers from the firing line gave contradictory evil dence and intimated that the bOldest cOunsels against the surrender were given by those who were stationed furthest from the enemy.
 The troops were dispirted and sick almost to a man with scurvy It was declared that if equalization had been delayed the fortress would have fallen before a vigorous attack of the Jap anese.
Arizona republican., 1908-01-01
HOLDS TO FIRST DECISION.
Finding of the N. Y. H. R. Go. Guilty
 of Relating.

New York. Dec. 31.-Judge Hough again refused to sustain a demurrer against the indictment charging the New York Central and Hudson River Co. with granting rebates to the American Sugar and Refining Com pany interpOsed by counsel for the railroad company today. The corpo- ration has already been heavily fined.
Arizona republican., 1908-01-01
ARIZONA IN THE LEAD
In the Year Just Closed It Secured by Wide
 Margin the Front Place In Mineral Production

Montana Hitherto the Queen of the Copper World DethOned Some Interesting Facts and Figures Regarding Mineral Production for 1907 Collected by Fifz Mac, Which Should Inspire ArizOnidnS With Fresh Con-
 fideRCe In inc Mineral Resources
 of the Territory
Arizona republican., 1908-01-01

MONEY TO lOAN.-H you want to build and need some money. come and see me; my rates are the lowest E. E. Psseoe. no North Center Street.
Arizona republican., 1908-01-01

FOR RENT-Five-room house on north 2nd Avenue. unfurnished. E.. E. Pascoe, Real Estate Loans and Insur- ance. 110 North Center Street.
Arizona republican., 1908-01-01

:. :.
New-York tribune., 1908-12-25
P.S.CCAN 60 AGEAD NOW.
Observation-Disclosures Subspdy Route
Report Confirmed by Court.

The Appellate Division, First Department con-
hrrned yesterday the report Of the commissioners
appointed some time ego 10 take testimony reia-
tive to a modification Of the route OF the pro-
posed Broadway Lexington avenue subway.
This action relieves the Public Service Cornn1ls-
sion from the necessity Of obtaining consents OF
majority OF the property owners along the pro-
posed route-a proposition on which the COM
mission having much difhculty-and perIrii1s
that body 10 go ahead with the drafting OF foTmal
plans for the subway. after which will come the
advertising for bids.
Notifications of the route originally proposed,
the report OF the commissioners said. would eiinl-
nate sharp curves. reduce operating expenses. ana
save approximately three minutes Tor express
trains and four minutes for locals between lhe
Battery and the Harlem River. The cost OF con-
struction II was estimated. also would be less
The route IL stands now Will be from the oa'-
terry Up Church street TO Vesey street uroer tne
Astor House TO Broadway, and up that thoIousi-
fare TO 10Th street; going around Grace S-uio GA
and under private property between 1hiro anu
Fourth avenues TO 14th street under Grafner0E
Park to Lexington avenue at I'd street anu up
that avenue 70 The Bronx One Of the important
changes the route was IN its northerly secIoii'
from a tvvo-track road TO a four-track equipment
The plans provide for q branch beginning at
Park avenue at East 18th street, running up
Mott avenue to East 1S7th street, and on through
Fast 151st street TO Gerard avenue. to connect
with the proposed Gerard avenue route. Win d
snur 10 East Iasth street to connect with q pro-
posed Southern Boulevard and Westchester aVehue
rorte The proposed northerly section VIII pe 4
link in a big trunk system Of lines, eventually 10
reach Pelham Bay Park and Woodlawn-
New-York tribune., 1908-12-25

heart disease from running up and down stairs
Even this didn't touch King Snooks- He de-
manded folk-dancng contest between the Nor
NAL College girls and his savage bodyguard- The
dancing of the savages. who. dressed In brown
trousers and Jackets, with jingling bells around
their waists, gave absurd buriesque on the col
lege calsthenios. brought down the house. Espe-
ctally good the solo dances Of Sasprillo and
Ginger Pop Cdiss Mary Thompson and Miss Helen
Taistra) the Kings particular attendants,
The palm being awarded to the Normal College
girls. who, dressed in flowing white, gave grace
ful dance, King 6nooks said they could have their
new building condition-they must give him
Wistaria for his queen.
Wistaria not being able 70 make up her mind To
accept (she was in love with General Anxious, who
adored herr, King Snooks said he would visit the
college and II the discipline satisfied him they
should have the new building
The next act was In the coIIsxa halls WHARF
Ginger Pop and SaspriIlo tried various devices
to shake the discipline Of the students An I'M
hense oentipede craT1ed in, most frghtfu in spite
Of the neat brown stockings that incased the legs
10 De oscerned beneath its folds and the students
never wnked. They summoned the tanItress and
sang "Goodby Mir. Centipede," while she swspt n
OH. Inc hre alarm was sounded by wicked King
Snooks, and the girls filed out calmly in two min
utes and nineteen seconds by big alarm clock in
Miss Facultatas hands. But Just at this point a
terrible thing happened. Wistaria was abducted
by King Snooks
me last act was most spectacular. 1t was the
laying OF the cornerstone OF the new building A
box OF fudge, a neck ruohe. a bit OF plaster from
George Washingtons statue. a protose chocolate
and many other things for future archaeoogists TO
wonder over were solemnly placed beneath the cor
nerstone various studies and college clubs, repre-
sented by girls In costume appeared and sang. and
at the height of it all General Anxious. who had
been bom5arding King Snooks's castle. rushed in
with Wistaria in his arms He brought along
KING Snooks and his savages In chains who were
so repentant that they promised "enter the kin
dergarten and so through the four years course
The play was filed with Normal College tests
and hits which convulsed the audience OF college
girls and their friends, and the members OF the
faculty. Among the guests the president or
the college. George s. Davis. who opened the ex-
ercises. and then turned the day TO the girls
Edward S. Burgess former acting president and the
president emeritus, Thomas ]. Hunter. Between
the acts DR.. Hunter made speech. praising the
actors and adturing the girls work for the new
building.
You have not the vote" hs said You may
never have the vote; but you have influences with
OF power"
New-York tribune., 1908-12-25
WITNESS ADMITS BLA0KMAILING.
Also Confesses 70 Part in Alleged Conspiracy
60 Defraud Insurance Companies.

Philadelphia Dec. "A witness admitted black
mailing John n Carroll in the SUIT here to-day OF
Carroll. who is the owner of the Fries-Bresn car
pet plant in Camden. destroyed by fire some years
ago. against John w Snyder and William D. Ber-
gan. Insurance brokers. 10 recover $4,000 poll
cies Of insurance James A. Carroll, nephew Of
John Il Carroll, testified yesterday that his IN
Gle sud others had entered into a conspiracy to
burn The place Among others. he implicated John
Craef<. q Waterman.
G=aen took the witness stand to-day and testi
fed that he was not only implicated in the burn
ing oS the plant, but that in the last four years he
had made several attempts 10 bisckmail John NJ.
Carroll and had succeeded IN obtaining several
Thousand dollars. He had sent Carroll letter, he
said demanding SO 900 under threat TO expose
hin but ne added. he did not get the money.
@fod man Carroll bleeding the insurance
companies the witness declared and I thought
Z night es well get my share" The witness said
that he Gid not think he blsckmaiing Carroll.
eEt only borrowing the money he had re-
$eived"
New-York tribune., 1908-12-25
SEEK BANKRUPTs' MISSING STOCK
Witnesses Testify in Case of Baltimore Con-
Germ Before U. 8. Commissioner.

In the effort locate the missing stock of the
bankrupts Barney Harper and Hyman Hurwitz
trading IN Baltimore as the Chesa peake Manu-
featuring Company. several witnesses were exam
ined yesterday before United States Commissioner
Alexander. One of them, youth named George
Jackerson testified that at the request Of his uncle
Henry L. Rosenthal he paid the freigh. charges
thirteen of goods which had arrived here
from Baltimore. shipped IN the name of Roth.
Jackerson said the cases were transferred TO the
establishment Of the American L.ady's Suit Manu-
featuring Company at No. IS West z2d street, with
which concern Rosenthal was connected
Mrs. Annie Rosenthal. who gave her address as
the Prince George Hotel, said that her husband
had gone West and she could not tell where he IS
at present. Several trucl1men who called
testified about the removal Of the thirteen cases
told Of by George Jackerson from the Pennsyl-
vania Railroad dock They stated that three other
cases which arrived from Baltimore marked "A
Kreiger." were first delivered a store kept bv
Mrs. RosenthaIs cousin on Sixth avenue and
afterward delivered TO the American Lady's Suit
AIanufaC faCturing Company, in West 22d street Thus
far eight cases of goods have been seized in this
city.
New-York tribune., 1908-12-25
MAN DIES N EARLY FIRE.
Thrilling Rescue at Blaze in Which Four Per
SONS Were Injured

one man WIS burned 70 death, four persons were
injured and several others we're overcome by smoke
81 fire which partially destroyed the FIVE story
tenement at Nc IH2 West 127th street early yes
rerdsv q brief account OF which printed in
yesterdays Tribune. The body Of Daniel FreEzell
7vss found 81 the hallway by the hrenen after the
blaze under control
Fireman David Mullen. Of Truck Company 90
rescued Alice LOCKER. who cut of by the
flames on the top floor sliding with her down the
extension ladders TO the street The great crowd
which gathered cheered Mullen FOR several minutes
and almost broke through the police lines in their
efforts 10 conEratulate him Flames beichins from
the windows burned both 1rs. LOCKER and Mullen
She IS in the Harlem Hospital with burns on her
face legs and body. Mullen was burned about the
hands and face. Be taken II his quarters.
Charles end Harrison LOCKER. Sons Of the injured
woman. were elso burned while trying TO rescue
Yheir mother.
New-York tribune., 1908-12-25
NORTHERN PACIFIC VALUATION.
Expert Says That Company's Property Is
Worth $50 10000 Less than It Claims.

ST. Paul, Dec. 24.-Dwtght c. Morgan, an expert
employed by the state TO make g. valuation OF tile
pby-stcaI property Of the railroads in Minnesota
-+s-,e.es the value OF the Northern Pacific Raj
road Conpany's property IN round figures at @'''-
ooo 900 less than the figures represented by the com
panvs officers and also considers that the capltaA-
jzation OF the company IN Minnesota exceeds the
-,-esent value Of the property It owns
The estimate was submitted by Mr. Morgan 10
dav in the Northern Pacific rate case IN which
testimony is being taken before Charles T. GUS
master IN chancery-
According to the report Of the State Railroad and
Warehouse Commission for 1908 the capital stock
~ the Northern Pacific Railroad for Minnesota IS
SIS $50 2Se which IS higher than the present value
If the road in Minnesota, as estimated oy Ar
Morgan and IS lower than the cost Of reconstruc-
fion Of the road.
New-York tribune., 1908-12-25
nk&E PURCHASE RUMoR DENIED.
Director of Road Says It Would Lose Traffic
If Not independent.

ps,,-+s thar have been In circulation recently
thai neeottations were foot for the purchase OF
the Missouri Kansas & Texas Railway were oe-
clared to be without foundation by a director OF
the road yesterday. He pointed out that tlie c4eL
-,.,- ae.tne+ the sale of the road that
q would suffer serious traffic losses IL deprived OF
its independence.
AT present" he added. ten railroads are COM
peting for the traffic Of the missouri Kansas q
Taae - Ct Ioris and Hannibal, No, but II it
masses into the hands Of any other road, SUCH as
the Clover Leaf ST. Paul. it would immeol-
s+elv lose much Of the traffic it now gets from
the Interchange with other roads at lts northei,'
tt,.I. <or Instance with the Frisco, Wabash
and Burlington. The chief strength Of the road Is
its independence, and it is this very independence
which is keeping 1t independent
Nevertheless, the impression prevails In many
ouar,ers that the control of the Missouri. Kansas
e Texas IS being sought in the open market ana
EIsvrley interests are credited with doing the buy
New-York tribune., 1908-12-25
LITTLE CRTPPLES HAPPY.
Santa Claus LedUes Generous Cats
at Their HOspftaL

No depending upon the sense % Hearfas
would have supposed that there were any Sex
children in the Hospital for the RuPtured ana
Crippled. Lexington avenue and +2i street al
o'clock yesterday afternoon The Sact was pain
fully evident to the sight. but the children seemed
to have forgotten H. and were making Just as
much noise as II they had never heard Q: braces
and crutches and wheel chairs The Christmas tree
IN the schcolroom had just been stripped. and the
children were opening their packages and nla<iHs
free use OF the noise-producins instruments therein
contained as we'll as Of their young lungs. vhich
seemed 10 be IN excellent working order L1trle
boys IN wheel chairs pounded their drums and
shouted gleefully. and those who wers are ''
move about rushed to the more helpless ones 70
show their treasures Even the ltt-s cn tae
banana carts" raised themselves on their elbows
to examine their gifts with radiant faces. ara
only a few too helpless TO move Or too II -
care what the parcels contained
There were 800 children TO Re remembered ~
Santa Claus who appeared IN person, but left rs
work TO the nurses. and each one received four o.
i've presents. Measures had been taken 70 asce7
tain what the children preferred. and n S1llos-
every It vas possible 10 g1ve them eNael-
what they asked for The favorite present az'ol-s
the boys was a watch. and the girls asked 90
trunks and dishes. Three wanted ard rece-'e|
manicure sets and four got toilet sets
Among the many donors OF gifts was FTaAA .
Gould. who sent 100 pound ooNeS OF 80 -
tree was trimmed by the teachers OF ths hos3--~
school with the help OF the electrician Vho p-.
the electric fixtures. and was na-Ne1 -
hrilliancY and beauty.
The children under the direction OF the pIlnNI
pal, Miss Jeanette Chapman. provided an eh.s-
tainment. which included a little play c@-
Christmas at Skeeter Corner"
Frederick sturgeS president OF the hospital pre-
sided, and among those present were Nr. ah1
Mrs John S MeIcher. Geraldyn Ridniah -. -
William NJ. sloane. Miss Virginia orton. pFesl1
OF the Robins Nest Tar-ytown. when eh1'i - -
seventy-nve OF the hospital patients every So
mer: DR. Virgil p. Gibney, surgeon ~ ei.iel'
Homer Gibney. Dr. William 3. Coley' HsnI5 a.
Parsons Mrs p Bacon. Mrs william D
ney and Mrs. Edward c. Roche
New-York tribune., 1908-12-25
ARMY And NAVY NOTES.
War Department AdUised of Deser-
ton of Lieutenant Rains.
From The Tribune Bureau.
"a Shi1pt0T, no


ARMY OFFICER IN CANADA.-The War De-
partent has been advised the desertion of First
Lieutenant Edward l. Rains, goth Infantry. That
officer has been duty a recruiting officer at
Providence. and has been charged by the mill
tary authorities and by civilians with various Of
fences including financial irregularities. The ale-
cations were Of such serious that Leuten-
ant Rains disappeared and has submitted his resig
nation from the army. The War Department off,
cias have ascertatned that Rains Is IN Canada
The Washington authorities not inclined to
cept the resignation, since that would make II
essary to ask the civil authorities TO pursue the
officer If he Is kept the army register, 1t may
be possible arrest him at any time with the aid
Of the military provided of course he returns to
this country. In any event. If he remains absent
without leave for three months his name Will have
to be dropped from the army roll. and he will be
treated fugitive from justice
Lieutenant Rains Is a native Of Tennessee who
entered the army during the with Spain, and.
after serving in the hospital corps until 1900
commissioned second lieutenant OF infantry.
ORDERS IsSUED.-The following orders hsve
been issued:
Colonel EDWARD A. GOODWIN. placed retired nst
Major FREDERICK ". sIBIBY, from 2d to 1871 Cav
Major SENjAMIS i. cHEEvER from CAV
Captain EI.LToTT J. DENT. corps engineers
First Lieutenant MATTHEW a RDAsoNER- medical
First lieutenant WILLIAM R. MCLEARY coast artil-
Vice First Lieutenant RICHARD / FKENNEY.
artillery.
Iieutenants SAMUEL T. WETF-RICR and JAMES
REAGLES. placed retired LIST with rank of
Leave of First Lieutenant FRED DAAfdAN.
Philippine Scouts. month
NAVY.
Engineer IN Chief J. x BARTON Cetired) transferred 70
retired list: detached 5 chief bureau n
gneerins: 20 home
MOVEMENTS OF wARSHIPS.-The following
movements of vessels have been reported TO the
Navy Department:
ARRIVED.
Dec. z2-Ths Tacoma Nero. Guantanamo.
Dec. 23-Ths Buffalo. at Bremerton.
SAILED.
Dec 2s-The Hist, from Charleston Key West; the
Dubuque, from Key West, for Havana
24-Ths Rainbow from Manila for ZamooenRA