davidaulloa/AmericanStories huggingface dataset:
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10
New York Market Had Exciting
Time When Bears Assaulted Stand
ard Stocks and Created
Almost a Panic.
PRICES WERE CRUMBLING
Greatest Declines Were Sustained In
speciaItles Which Dropped
With Apparently no Out
ward Reason.

limited Press Leased Wire Service.l
NEW YORK, Dec. 10.--Millions OF
dollars of paper losses were recorded
in the stock market today when here
tofore leading interests connected
with the bull side, switched over to
the bear side and aided raid that
sent the entire stock list erumbling
down to new low levels for recent
months. Rumors of the collapse OF
various pools and Of double cross.
ing'' by certain leading interests fill
ed the air, and the tone Of the entire
market was demoralized There was
recovery of a point and fractions
around noon.
The market opened weak and for
short time there was a pretense OF
support from the bull leaders. For
| the first hour this support had a mild
Ay reassuring effect on the list but
then the bears gained the upper hand
and started pounding everything
down. The open support switched
over and for nearly another hour the
decentralization held full sway. Thou
sands OF shares of long stock were
! uncovered as margin points were
| passed The greatest declines We're
sustained in the specialties. Nation
al Biscuit, with apparently no out
ward reason, fell eleven points to 114
4 1Bethlehem steel dropped four points
! to 6ok. Lehigh Valley for the frs
time in recent trading, succumbed te
/ the pressure and slumped off 2s4 t.
j167, and nearly every one OF the
/ standard railroad shares was off a
least one point.
There was mixed up with the sell
ing movement some decidedly discrin
mating buying by brokers who ar
known to represent the bigges
houses on the street and who hav'
reputation OF pulling out bargains
This group seemed to be partial t
the standard shares, such as Reading
steel, Union Pacific and some of tn
!specialties,
Il, One thing which caused troubl
4 was the attitude of the banks in dis
terminating regarding collateral an
borrowers Only gilt-edged securitie
: could command either a hearing Q
needed money and as a result man
spectators were unable to keep u
Z their margins. Others were con
PEELED to dispose of surplus bonds t
get the money to make their trade
good.
AS an example of the heavy sellin
movement the report for the firi
hour was interesting During thu
period SS6,290 shares OF stock wei
sold as compared with 190,21o for tn
corresponding period yesterday al
S777,O00 on bonds as compared wit
S3TS,000 yesterday.
The sales to noon reached 6S3, 40
shares, the largest for two hour
since October q, 1911, and at ths
hour there were evidences of heath
buying all around the room.
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10
Trial Cruise Of the New centurian
Proves That She Can Put
Other Vessels to
Death.
slNo WRECKAGE FOUND
Alarm Sent by Wireless But No
Trace Of the Lost Boat or
Bodies Of Crew Were
Found.

UNITED Press Leased Wire service.1
{ PLYMOUTH, England, Dec. 10
The new dreadnaught Centurian on a
trial cruise off Devonport this after
noon collided with and sunk an un.
identified steamer. Nothing was
learned regarding the fate Of the
sunken vessels crew.
The Centurian wirelessed an alarm
saying that she was damaged about
the bows. Several crapt put out for
the scene, but no trace of the los,
boat or bodies of her crew were
found.
The dreadnought later returned to
Plymouth with her anchors driver
through her bows. No rescued sea
men were abroad, and the Centuriar
officers refused all information re
garddng their fate.
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10
Canadian Railroads Believed
to be Behind the Kick
Raised Over Canal.

limited Press Leased Wire Service.1
WASHINGTON, Dec. 10. - The
slow wheels Of diplomacy were grind
ing and digesting today Great Brit
aims protests against Uncle Sans
proposed administration of the Pan
ANA canal. Through Ambassador
Bryce the static department has re
ceived the British note. but 1t prob
ably will be several weeks before Sec
retary Knox makes formal reply.
That Canadian railroads, whose
ships may be deharred from the canai
and who are handicapped In com
peting with American shipping be
cause Of the tolls clause, were behind
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10
CONTINUED on page 81
WE ARE NOT PREPARED
FOR PANAMA CANAL GOOD

s1,25 to 75c arguing that only by use
of the latter figure the United States
could realize the full benefit OF the
canal in short time.
Preparations which American ship
ping is making, he declared, were
paltry compared with those which
Japanese and European countries
were planning.
I'VE are thinking too much of our
export trade and too little of our inn
port trade" he said
Barrett urged that civic, education
al and literary occupations take up
an educational campaign to teach
every man and woman and child ths
exact advantages and Influences
which the opening of the Panama
canal will bring.
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10
Alleged Monopoly Of Finance Is
Charged to Clearing House
Associations Which Doml-
nate Banks.
GATHERING IN CHICAGO MAKE LARGE PROFITS
One Banker Admits That His instltu-
ton is Cleaning Up Over
twenty Percent Per
Year.

[ United Press Leased Wire Service.
WASHINGTON, Dec 10.--Reputed
domination of banks by clearing houses
alleged monopoly of
iinance-was brought out in more
vivid detail today at the money trust
investigation by the Pujo committee
of the house
The committee searchlight turned
today to the New York clearing house.
President W. r. Frew and other men,
bers of the New York clearing house
were scheduled to take the witness
stand when the hearings were resum-
ed at IL o'clock.
Millions of dollars We're represents
ed by the committees array OF witt
nesses today--sleek, quiet, we'll dress
ed bankers.
The hearings were transferred from
the comparatively dingy and cramped
banking committee room of the house,
to large marble-lined room in the
house Office building used last session
| by the steel trust and Lawrence
tMass.) strike investigation commit
| tees.
| Samuel Untermeyer, attorney for
the Pujo committee, today proposed to
l probe Into the influence of the New
York clearing house, especially as af-
fecting the "clearances" OF banks
from other cities He proposed to-
inquire to what extent the New York.
association dominates the country"
banks He also planned to show the
effect of the refusal of the Gotham
clearing housa to clear" for other
banks. Such refusal it Is charged,
provoked runs" upon banks and
trust companies during the 1907
panic forcing them to close their
doors.
How squeeze of the banks out
side of New York by the New York as
! sociation, almost instantly affects
loan rates and depresses prices OF
Hsecurities all over the country, was
: another proposed line of investigation.
The testimony today followed the
exposition of clearing house operations
given by witnesses from Baltimore,
Philadelphia and Pittsburgh.
1t was declared that the Pittsburgh
clearing house is being sued by three
banks, which refuse to accede to rule
arbitrarily fixing the rate of interest
, to be charged by all banks belonging
to the association, prohibiting solici-
, tation of depositors by offers of inter
est on open checking accounts and,
in effect. limiting the clientele OF
basks.
attorney Untermeyer drew from
: President Wardrop of the Pittsburgh
clearing house that his bank was max
;, ing from % to % per cent year.
Profits OF the New York clearing
house association members, It was ex-
, pected today, would also be delved
!, into.
! How sixty per cent of the clearing
I house associations of the country are
organized as a part of the American
Bankers Association was also brought
/ out by former Vice President G. A.
: Pugsley of Peekskill, N. Y. He said
n about 12o clearing houses of the 200
a in the country were associated in the
: national organization.
r A score Of witnesses were present
: today under subpoenae when the hear
n ings were resumed.
4
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10
THE WEATHER.

For Keokuk and vicinity: Fair to-
night and Wednesday. Much colder
Wednesday,.
For Illinois: Generally fair and
colder tonight and Wednesday. Cold
wave north portion.
For Iowa: Fair tonight and We'd
nesday. Much colder tonight and ex
treme east portion Wednesday. Cold
wave east and north portion.
For Missouri Fair and colder to
night and Wednesday.
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10
At Close OF Testimony Court Viii
Likely Dismiss Some Of the Dyna-
mite Conspiracy De
PENDANTS.
BUT NOT ANY OFFICIALS
Defense Seems to be Merely to Deny
Everything Which McManlsai
Has Told the
Jury.

limited Press Leased Wire Service.l
INDIANAPOLIS, Ind, Dec. 10.-Dis-
charges Of several more defendants In
the dynamite conspiracy trial. prob
ably at the close of taking testimony,
was predicted today. Among the In
dicted men rumor favored were Pat
rick F. Farrell of New York; Frank
J. Murphy of Detroit, w. Bert Brown
and w. ]. Mccain of Kansas City,
and the two Milwaukee defendants,
Herman Seiffert and w. e. Reddin.
Others whose defense has not yet
been presented were expected to be
classed with those whom Judge An
derson recently said might renew
their motions for dismissal.
District Attorney Miller, himself,
would move the discharge Of some
of the men, 1t was reported. as he was
said never really to have hoped for
! the conviction of all Of the for.y-five
labor leaders whose trial opened Oc-
| tober /. Four of this number were
discharged a week ago. The prose-
cutor would oppose bitterly the dis
charge of any Of the international or
i ficers, however, 1t was said
Michael ]. Young, business agent OF
/ the Boston Iron workers local, de
! fendant, was the first witness calico
1 today. The cross-examination of De
i fendant E. e. Phillips OF Syracuse, n
r., was deferred.
Young denied the accusations o.
4 Ortie McManigal, confessed dynamit
4 er, that the witness planned the dyna
miting of the new opera house IN
Boston which McManigal blew ur
March 81, 1909 McManigaPs testi
mony that Young took him to Spring
field, Mass. and pointed out the
group Of municipal buildings which
McManigal dynamited April 4, 1911
was also declared false by the wit
ness.
The Boston defendant was asket
!, to explain unusual phraseology II
letters written by him to ]. J. Nc
Namara.
Young denied he ever saw Nc
Manigal until the informer appeared
in court at the present trial, deniet
that he ever said to Ortie in Spring
field on March 81, 1911, II want you t.
put shot right in there and blow
hell out of it." as McManigai testified
The witness said he had absolut
confidence in j. J. Mcnamara unit
his arrest, and that as a member o
the international executive board, tn
witness had never known of the 81
900 checks cashed by Mcnamara 70
dynamiting purposes. Moneys ad
vanced to Young by the internationa
association were for expenses an
transportation incident to conven
tions. testified the witness.
Young said he considered the send
ing of clippings about explosions Il
New England was a part Of his dut
as business agent to report condi
tions in his jurisdiction. In one lei
ter to headquarters, Young said
don't want to write much about loca
conditions at this time" The vii
ness explained that he expected t
make verbal report to the executiv
board
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10
Pessimists Have Their Inning Today
and Are In Ecssacy Over the
Prospects Of More
War.
SIGNIFICANT POINTS
Austria Is Said to Have Gone to
Germany and Suggested That
War be Declared Against
Russia.

limited Press Leased Wire Service.1
LONDON, Dec. 10.-The alarmists
had their inning today. With the ne
gotiation OF a $4,000, 900 loan by Aus
tria- Hungary; the sudden resignation
of the Austrian war minister and
chief Of the general staff and the in
flammatory hostility of the Seryian
press, those pessimistic ones who
feared an European war had grounds
for their apprehensions. The opti-
mists who have seen peace settle like
a dove over Fridays peace negotia-
tions, and ambassarorial conference,
could say little to offset the alarmists.
No good explanation had been offer
ed for the resignation Of General Aur-
| fenberg, minister of war of Austria
| Hungary, and General Schemua, chief
Of the general staff. Both said that
they resigned for personal reasons,
/ but coming at such time as this,
! there is no doubt that this withdrawn
has wide political significance.
It is known that General Krobetain,
under-secretary of the war Office, who
succeeded Auffenberg, end Generaf
Won Hoetzendorf, appointed chief of
1 the general staff, both belong to Aus
tria's war party. 1t was considered
4 probable that in the event of war
General Won Hoetzendorf would again
] become chief OF staff. General Sche-
mua paid a visit last week to Berlin,
where he conferred with Count Won
! Moltke, chief of the general staff OF
the German army. Semi-official ad-
1 vices then stated that the Austrian
had gone to Germany with PROPOSE
tion of war against Russia and that
the kaiser declared emphatically that
! the German empire wanted no war at
4 this time.
That Austria placed her $4,000, 900
bond issue with American bankers,
Kuhn, Loeb and Company, and the
National City Bank Of New York, was
regarded as significant.
! - Active preparations for the peace
conference continued. The Turkish
: plenipotentiaries today were on theil
!, way to London. 1T was said to be
agreed between the Balkan allies tina.
: Turkey must act quickly in the mat
ter of peace, or resume fighting. II
was also reported that a fifteen day
limit will be put on the negotiations
: and that IL treaty is not agreed
upon within that time, the war viii
be resumed.
Trouble on the Horizon.
PARIS, Dec. 10.-The smooth sail
!, ing at first predicted for the LondoI
? ambassadorial conference set fol
! Friday, bid fair today to be rippled b!
: objections to some OF the proposed
: conferees. 1t was considered mos
5 probable that certain Of the powers
, would object to Isvolsky, Dechoen ant
I Castillo, Paris ambassadors respect
i lively from Russia, Germany and Spain
t as members Of the London conference
Y on the ground that they all formerl,
a were foreign ministers of their coun
tries.
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10
But Perkins With His Well Filled
Purse VIII Not Be ousted From
the Ranks of the
Bull Moose.
Progressive Conference intends to
Have Harmony in tho Party If
They Have to Fight
For II.

limited Press Leased Wire Seryice.l
CHICAGO. Dec. 10.--When the CAV
ell in the hands of Chairman Joseph
M. Dixon fell, calling to order more
than 1000 progressives here from all
parts of the country to attend the ma
tional party's conference and hear
Colonel Theodore Roosevelt. speak,
the leaders were looking forward to
an entirely peaceful conference. In
fact, 1t was asserted In some quarters
today that the chief progressiyes IN.
tended to have perfect harmony In
the ranks Of the bull moose, II they
had to fight for it.
Colonel Roosevelt's speech, the fea-
ture of today's session of the confer
ence, was calculated to instill spirit
OF harmony into the minds Of the pro-
gressiyes and the colonel admitted at
Yesterdays secre.. executive meeting
that he wanted matters handled by
the party SO that the people would ne
pleased at the knowledge that the
progressives were fighting the cause
of the common people, and 80 as mol
to dlsplease honest business men by
appearing to want to do things tha'
would injure honest business.
That same harmony among the
people OF the whole nation, Is exactly
what is desired within the organiza
tion limits of the party. 1t has beer
| known for some time that there were
many among the progressives whit
would be glad to discontinue relations
between the party and George w
Perkins, former business partner o
III. p. Morgan and Dan r. Hanna, mil
llionaire Ohio newspaper proprietor
/ 1t was even limited today that mum
Der of the original insurgents,
whose acts and ideas formed the foun
4 daticn for the progressive party, lef
| their homes intending to make a figh
1 within the conference to have thes
! wealthy men 'read out of the party.
/ The next hint was that when Roose
| velt had been told Of the intent 0
4 the delegates who wanted to fight, h
4 5eU1DndLlCdlly 5dlu thht IN iitoh' " SAi.N
kind would be permitted, at least no
now, because he, for one, did not wan
to see the progressive party wrecke
at this time.
When one prominent eastern pre-
4 gressive was asked If there was an
! chance OF any one starting move
ment at the conference meeting I
I Gus. Perkins. Hanna or any others
he smiled and said:
j vi should say not No one wi
bring up anything like that Such
move would be as sensible as to sa,
We'll celebrate Christmas as usua
but we don't want any Santa Claus.
National Chairman Dixon said ther
would be no change in the organic.
tion Of the party. He said he woul
remain at the head of the nation;
committee and George w Perlkir
would retain the craftsmanship of tn
executive committee.
In addition to the speech by Co
onel Roosevelt today, a paper prepa
ed by DR. Walter Weyl on the Englis
liberals and the German socialists,
repor. by Miss Jane Adams, chat
man of a subcommittee, on a plan *
financing and organization of the pa
ty, and an address by DR.. Benjami
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10
Colonel Roosevelt Urges His Follow
ers to Keep up the Battle and
Accept Any Big Con-
trlbutIons.
5 WILLING TO LEAD.
only Party Which Can Save the
Country Is the Progressive Par
" and Only President Is
J. a. Himself.

United Press Leased Wire Service.l
CHICAGO, Dec. 10.-Only by infer
ence did .Colonei Theodore Roosevelt
eliminate himself as the real leader
of the progressive party in his speech
here today, the chief event IN today s.
conference of the party leaders. The
former president covered much OF
the ground touched in his final
speeches OF the recent campaign.
Roosevelt insisted that tho progress
sive party has come to stay and he
pleaded with its representatives in
both congress and the state legisla-
lures to try to carry into effect the
progressive legislative program, es-
pecialiy that which would provide for.
federal supervision of the trusts. In
dlstrial justice Tor women and chill
dren, and for all wage workers was
also one OF the great problems that
must Immediately be met, according
to the colonel There was little in
what the colonei said that could be
construed as settling his views on fu-
sion in various localities and he in
sisted over and over again that the
progressive party is here to stay and
that every member of it stands fully
by all Of its platform declarations.
eWe have fought great fight"
said the colonel. and accomplished
more In 80. days than ever any party
IN our history accomplished in such
iength of time. We have forced all
parties and candidates to give at least
lip service to progressive principles.
In this brief campaign we have over
thrown the powerful and corrupt ma
chine that betrayed and strangled
the republican party
Roosevelt then reviewed again the
theft of the delegates" to the repub
lican convention at Chicago and re
peated former denunciations of the
party bosses. He then reiterated the
declaration that the progressive par
ty stands by every item in it's plat
form and insisted that only in Its
ranks can those who believe in pro
gressive principles hope to secure
such reforms.
Roosevelt declared for popular con
tributions to campaign funds, bu
apparently referred to some of thu
big contributions to his own cam
paign fund, saying: Il am willing
that the party should take the large
campaign contributions, If honestly
offered without condition or reserya
ton, on exactly the same terms ant
in exactly the same spirit as th
small contribution. The real test 0
y such gifts to a political party is th
h motive. not the size.'
# The immediate work OF the party
6 he said, is to establish the part.
u principles as outlined in the plat
81 form by appropriate legislation. HI
81 referred to his anti-egg- -scramblin
"a declarations and insisted that thi
a was what the old parties wanted t
81 do. He then repeated his speech 0
81 November 2, in which he discusse
81 the trust question and claimed tha
81 his remedy suggested was the onl
81 one which would aid all classes i
N this country.
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10
Full Benefit is Not Realized by
the People of the United
States.

UNITED Press Leased Wire Service,l
ATLANTA, Ga, Dec. 10.-Declarins
that his country is unprepared to
derive full benefit from the Panama
canal when it is opened, both IN num-
Der Of American vessels and in ignor-
ance of its real value, John Barrett,
general director of the Pan-American
Union, in an address before the Pan
anna canal conference here today,
scored the high tolls fixed for the
waterway.
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10
Weather Conditions.

An area of high pressure in Mon
tana is following the storm, causing
fair cooler weather west of the Mis-
sissippi, and conditions indicate fair
weather for this section tonight and
Wednesday, and much colder tonight,
with the lowest temperature about
twenty degrees above zero.
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10

Mean temperature, Dec. 9, 26.
Highest temperature, Al.
Lowest temperature, 10.
Lowest temperature last night. "a.
FRED q. GOSEWISCH.
Observer
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10
Daily River Bulletin.
Stage. Height. Change. Wea' h'r

River Forecast.
The river will fall from Davenport
to Keokuk during the next forty-eight
hours.
Local Observations.
Dec. Bar Ther Wind Weather
81 pm. 30.o7 36 SW Clear
10 x am. 20. rs 81 SW Clear
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10
Trouble on the Horizon.

tContinued on page Ed
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10

CONTINUED on page 81
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10

Continued on page 81
The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-10

Subscribers Of The Daily Gate City
are Served the full Leased Wire Ser.
Vice Of the United Presa Association.
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1912-07-20
At the Majestic.

The Dixie AmusemeH company
are doing all within their power 10
make the Majestic theatre place
of amusement that the show goers
of the city will appreciate. Today
they are running six reels Of pic
lures and they are all good ones.
The place is being kept cool with
q good number Of fans and the
continuous show of pictures keeps
something doing all the time.
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1912-07-20
Death OF Billie Davenport

Billie Davenport, son of Water
superintendent p + Davenport,
died this afternoon about 2 80
His condition had been critical for
several days Death WAS due TO
hrights disease He WAS mem
Der Of the fire department. was q
popular young man and han many
friends in the city The funeral will
be at the Methodist church tomor-
row afternoon at $40
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1912-07-20
Mexican Wounded.

Corsicana. Texas, July 20 The
accidental discharge of a shotgun
held by a Mexican on the Mead
ranch resulted in the woundine of
riously that amputat on Of one OF
his feet was necessary The en-
tire load of shot took effect in the
ankle, completely shattering il
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1912-07-20
Col. Ball Speaks.

Col Tom Bali Of Houston arriY-
ed in the city this morning TO speak
at the court house at 2 o'clock this
afternoon in the interest of Judge
Ramsey Mr. Ball viii be taken
from here to Ennis for a speech late
this afternoon and then across to
Milford whore he will speak to-
night