Jasper County Democrat, Volume 10, Number 30, Rensselaer, Jasper County, 26 October 1907 — Page 4

m twin DEMOCTII. i. t. Bißcoci. mm in miiaa. SATURDAY, OCT. 26,1907.

FLURRY COMES WEST

Stringency Having About Played Out at New York Goes to Pittsburg. WESTINGHOUSE FIRMS ARI HIT Receiver* Are Appointed, but the Concerns AU Declared Solvent Just Coupld’t Meet Their Obligations with Cash That Couldn’t Be Had—Situation at New York Is Better. Pittsburg, Oct. 24.—A flurry in local financial circles, caused by the etnibarrassnieut of four concerns of the Westinghouse interests, was quickly ended here by the prompt action of the Pittsburg. Clearing House association and the Pittsburg Stock Exchange. At night the Westinghouse Electric and Manufacturing company, the Westinghouse company and the Security Investment company, a holding company for the Westinghouse Interests, were in the hands of receivers appointed by Judge Ewing, of the (United States circuit court A fourth concern, the Nernst Lamp company, was turned over to receivers this morning. Financial Situation Sound. The PittsburgStock Exchange, which was closed promptly when Informed of the situation by the Pittsburg Clearing House association will likely remain closed today. This action is taken for the purpose of preventing an unnecessary sacrifice of values by a heavy liquidation of stocks. Statements issued late In the day by Geo. Westinghouse, prominent bankers, officers of the Stock Exchange and the Clearing House committee, show conclusively that the financial situation here is sound, and that there Is no danger. That Stringency in Money Again. The severe stringency of the money market Is alone responsible for the Westinghouse difficulties. The solvency of the embarrassed companies Is not questioned. The concerns at present are enjoying the largest amount of business known in their career. The inability to secure funds. to pfly off maturing loans caused the embarrassment. 'Hie local situation is believed n >w to bo in better condition than It has been for some time. , Plenty of It In the Banks. That the local banks are in good condition was shown when it became public that the Diamond National bank had sent SIOO,OOO in gold to New York Institutions Tuesday. Several other local banks took similar action. The embarrassment of the Westinghouse companies was wholly unexpected ’ and came as a surprise. The suspension of the Stock Exchange caused more alarm than the situation warranted, but almost immediately statements of a reassuring character were Issued and from all sides the action taken was given hearty indorsement. GOTHAM CRISIS 13 PASSED ’ > ..1 ■■ .11 Trust Companies and Uncle Sam Bans ish the “Flurry.” New York, Oct. 24.—The crisis in New York financial circles was safely passed last night. After prolonged conferences at J. P. Morgan’s office an organization of the presidents of the New lork trust com pa dies was affected not different In principle from the Clearing House association. It is in the nature of a protective combination. All of the leading and admittedly conservative trust companies participated. John A. Stewart, chairman of the board of the United States Trust company, preshled, and was elected chairman of a committee whose duties are to lie analogous to those of the ClearInfe House committee. A resolution was unanimously adopted providing for an examination of the various trust companies by the conn mittee and report of its findings and recommendations to the association. Following this organization, which was regarded as one of the most important adjustments ever successfully carried through in New York financial circles, a report was made to the committee respecting the Investigation into the affairs of the Trust Company of America. This report was carefully considered in a prolonged conference of the committee, and It was apparent that the trust company* had ample securities to warrant continued advances. As a result the committee representing all of the trust companies of New York unanimously agreed to come to the aid of the Trust Company of America by provldingsuch funds as It needs. There Is no reason to doubt, therefore, that the Trust Company of America will be able to meet all demands made upon it At the same time—and even more Important—the secretary of the treasury, having satisfied himself as to the condition of the New York banks, authorized an announcement that he bad directed that government deposits be * placed in the banks of the jlty to the extent of $25,000,000 today. These two measures are admittedly adequate for All the needs elite banking and trust

corporations of New York fit the present emergency. Joseph 8, Auerbach, of counsel for the Knickerbocker Trust company, announces that negotiations are under way looking to an early resumption of business by the Knickerbocker. Attoral General Jackson also spoke In an optimistic vein. *T have not taken steps looking to the appointment of a receiver,” he said, “for I have considerable hope that such action will not be necessary. The situation Is looking decidedly brighter.”

ROCKEFELLER TO THE RESCUE

Will Do His Part to the Limit of His Resources. New York, Oct. 24.—John D. Rockefeller has taken an active interest in the present financial situation, and he has arranged to loan very large sums to a number of New York financial institutions "I think,” to a representative of the Associated Press, "that the existing alarm among investors is not warranted, and I hope the good common sense of the American people will control the situation. Personally I have absolute faith In the future of the values of our securities and the soundness of underlying conditions. “Instead of withdrawing any of my moneys from the banks I am co-oper-ating with others In helping to meet that which I firmly believe to tie only a temporary crisis. Every one having tbc good of his country at heart should by word and deed lend a hand now to re-establish confidence, and I propose to do my part to the full extent of my resources.” No Apprehension Anywhere. Washington, Oct 24.—Comptroller Ridgely makes this statement: “I have talked by telephone today with bankers In practically every large city in reach of Washington by telephone,and also with a large number of bank examiners. I hear of no trouble whatever among the banks or trust companies outside of New York. The general feeling is that the situation Is absolutely sound, and there need be not the slightest apprehension about the banks and trustcompanies of the country."

FARMERS’ HEAD LOSES POSITION

National Convention at Indianapolis Ousts President of American Society of Equity. Indianapolis, Oct. 24.—J. A. Everett, president of the Society of Equity, the farmer’s organization, that extends to every state in the Union, has been ousted from office by the national convention and declined to be a candidate for re-election. The opposition was so overwhelming that Everitt was beaten at every point, and, seeing certain defeat, announced that he would not be a candidate for the presidency or any other office. Formal charges of using the organisation to advance his personal interests and of neglecting its duties were in the hands of his enemies, but were not presented to the convention.

THAW TRANSFERS SOME REAL ESTATE

Wealthy Slayer of Stanford White Receives Money Consideration of $120,000. Pittsburg, Oct. 23.—Harry K. Thaw, in the New York Tombs for the killing of Stanford White, and his wife, Evelyn Nesbit Thaw, through their attorneys, at present unknown, filed four deeds iu the office of the Allegheny county recorder hete, transferring four pieces of real estate in Pittsburg to members of his family. The transfer is made to his mother, Mrs. William Thaw; his two sisters, the countess of Yarmouth, and Mrs. George Lauder Carnegie, and his brother, Josiah Copley Thaw. The money consideration In each case is $30,000, making a total of $120,000.

Family in Terrible Condition.

Chicago, Oct 24.—One child dead from diphtheria, three others at the point of death from the same malady, the father confined to his bed with rheumatism, and the mother, who has but one arm, nearly dead from loss of sleep In curing for her family, was the condition of affairs discovered by the police A the home of Albert Rickert, a laborer, 150 Winnebago avenue. There was little or no food in the home. •

Dynamite for Indiana Saloon.

Fort Wayne, Ind., Oct 24.—What the police declare was a deliberate attempt to blow up A. B. Jackson's saloon. located in the heart of the business section of this city, was made late at night Dynamite Is believed to have been used. The saloon was badly damaged and practically every window within half a block was broken. No one was injured.

Thirty-Seven Horses Cremated.

Chicago, Oct 24. Thirty-seven horses were cremated In a fire which destroyed the Englewood livery, owned by N. J. Nagel, at 6231 to 6237 Princeton avenue. Two men, caretakers of the place, were overcome by smoke while attempting to rescue some of the horses after they themselves bad been saved from probable death in the blaze.

Badly Hurt at Football.

Warsaw, Ind., Oct. 24.—While participating in a scrimmage. Guy Wag oner, member of the McComb high school football team, suffered a broken collar bone and his shoulder was crushed. He was taken to a hospital ion account of his serious condition.

CUP TO THEPOMMERN

German Balloon Is the Winner of the Bennett Internes tional Trophy. FRANCE A VERY GOOD SECOND Uncle Sam la One of the “Also Bans” This Tima ■ill e ' John Ball Brings Up the Rear.with • Sick Man in the BasketDirigible Race Is Won by Beachey. St. Louis, Oct. 24.—Proclaimed as the most remarkabieballoonlng contest in the history of aeronautics, with every racing record broken, the eecond International cup competition which started from here on Monday last ended vrith Germany accorded the winning laurels. The finish of the race was the closest and most exciting the followers of the sport haveeverknown. the victorious German balloon, the “Pommern," which landed at Asbury park, having but slightly more than five miles the advantage of the FYench contestant “L’lsle d’France,” second in the race, which descended during the afternoon at Herbertsvllle, N. Just * Fluke ot the Wind. Another German balloon, the Dusseldorf, stands third In the race. United States entries are fourth and fifth, a third German team is sixth, a French team seventh, United States eighth, and English ninth. It was a fluke of the wind that gave the race to the Germans. The Frenchmen having gone ss far, at least, east as the Germans, but being caught by a breeze that blew them back Inland until they were forced to land itecause they were losing ground all the time. Distances of the Flights. The unofficial estimated air-line flight of the “Pommern” Is 880 miles, and that of the L’lsle de’France 875. The Dusseldorf, third. landed near Dover, Del., and Is estimated to have covered 790 miles. Only the proximity of the Atlantic ocean stopped the wonderful flight of the “Pommern.” Later.—The foregoing unofficial estimates have been declared correct officially and following is the record for the balloons not noted: Duesseldorf (German), 790 miles; St Louis. 730; America, 720; Abercron (German), 680; An jour (French), 675; United States, 650: Lotus II (British). 375. France Wins the Duration Record. While losing the distance record and possession of the cup the French team sailing “L’lsle d’ France” gained the honor of the world’s record for duration of flight—44 hours, the previous record being 41 hours, 5 minutes, held by Count de la Vaulx, of France. The record of the international race Set by the balloon “United States” In the flight from Paris last year was 402 miles. This was more than doubled by the “Pommern” and the French balloon, and but one of the nine contestants in this year’s race failed to exceed the 1906 record. That one wasthe “Lotus” (British), which descended in Ohio because the pilot’s companion was 111.

RACE NEXT YEAR IN EUROPE Pommern Landed on the Edge of the Ocean—Humorous Experience. Germany having won possession of the silver trophy presented by James Gordon Bennett the race next year will bo In the home of the German Aero club. Final possession of the trophy rests with the club which wins It three times. Aside from possession of the cup the Germans won a cash prize of $2,500, also presented by Bennett The world’s record for distance flown is 1,200 miles, held by Count Henry de la Vaulx. There is some doubt whether this distance means a measured air line flight or the total number of miles traveled in drifting currents. The Pommern, winner of the cup, landed on th edge of the ocean, the voyagers getting out of the basket on the sands of the beach. Oscar Erbslocb piloted the balloon, and Henry H. Clayton, of the Blue Hill observatory, near Boston, acted as his assistant. The aeronauts were much disappointed at not beintf able to reach New York, but the wind currents were contrary and the landing was made ratter than run the risk of being carried out to sea. In speaking of the trip Clayton said: “Near Easton [Pa.] we were uncertain of our whereabouts and descended to within 500 feet of rhe earth in order to ask where we were. Seeing a woman standing In front of a farm house we shouted to her. asking her where we were. She took one look upward and then, with a shriek, rushed Into the house, slamming the door after her. Even the chickens and pigs In the farm yard seemed to be excited.”

RACE OF THE DIRIGIBLES

Won by Beacbey’• Airship, with Strobel Second; “Arrow" Third. St. Louis, Oct. 24.—Sailing to windward and return over a course measuring one mile and a half from start to finish. Lincoln Beachey, of T01ed0,,0., won the dirigible balloon, or airship, race which marked the close of the St Louis aeronautic carnival of 1907. The prize was $2,000. In bls “Beachey airship,""acigar-sbaped affair propelled by a foitr-cyclinder gasoline motor, the winner covered the distance in four minutes and forty seconds.

PEOPLE OF THE DAY

Dr. Cook’s Experiment. The recent announcement that Dr. Frederick A. COok, expert in both arctic and antarctic exploration,' was’ safely housed at Etah, In Greenland, 650 miles from the north pole, was received with surprise In scientific circles, as It was not generally known that he contemplated a Journey to the pole. Dr. Cook, accompanied by John li. Bradley. Captain Thomas Bartlett and a number of Eskimos, left North Sydney. N. S., early In the .American auxiliary schooner yacht John R. Bradley, which landed the party at

DR. FBEDERICK A. COOK.

Smith’s sound. Mr. Bradley returned to North Sydney on the yacht on Oct. 1. The expedition is provisioned for two years and fully equipped with dogs and sledges for the trip. The party is wintering thirty miles farther north than Peary did two years ago. The expedition Is financed by Mr. Bradley. Dr. Cook is a veteran polar traveler, having been employed on the Peary expedition of 1891-92 and also on the Belgian antarctic expedition of 1897-99. Last year he succeeded In climbing Mount McKinley, Alaska, a feat previously regarded by expert mountain climbers as Impossible.

- - . ■ Subtle Flattery. ; Mrs. I. L. Rice, the president of the New York Society For the Suppression of Unnecessary Noise, was complimented on the liner Adriatic on the work her society has accomplished. “Ah,” said Mrs. Rice, “I fear you flatter me. But little work has been accomplished in comparison with the work contemplated. You flatter our poor little bit of work. It is the case all over again of the landed proprietor and the lake. “This landed proprietor was showing a guest over his domain. Everything was fine except the lake. It, indeed, was very small. The guest laughed at it. “‘Ha, ha, ha!’ he cried. ‘Call that a lake? Nonsense. Ha, ha, ha!’ “ ‘Nevertheless,’ said the host somewhat haughtily, ‘a man drowned himself in this lake last year.’ “The guest laughed again. “ ‘Oh, ho!* be said. ‘He must have done that just to flatter you, then.’ ”

A Distinguished Catholic Dignitary. Cardinal Vincenzo VannntellL archbishop of Sardis, special representative of the-pope at the fourth eucharistic congress recently held at Pittsburg, is eminent both as scholar and diplomat. Born at Gennazzano, a suburb of Rothe, in 1836 and educated at the

CARDINAL VINCENZO VANNUTELLI.

pontifical seminary, Rome, be at once entered on a diplomatic career. In which he has distinguished himself. He was created cardinal Dec.. 28, 1809, but held In pelto—that Is, was not proclaimed—until June 23, 1890. Personally be is tail and of rather angular build. He Is a younger brother of Cardinal Serfino Vannutelli, and they have done what was never done before In Roman Catholic annals—brothers have reached the eminence of cardinal bishop of the sacred college. » Watterson a Fino Musician. It Is not known by many, even of “Marse Henry” Watterson’s most Intimate friends, that Kentucky’s famous editor chose an artistic career when k boy.- He was sent to Paris by bls father to pursue his musical studies under the masters there and adopted the piano. He declines'to play In public, but he can pound as much music out of the piano as the best of them ..can-

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THE NEWS IN BRIEF

Kansas City is Chicago’s rival for the Republican and Democratic national conventions next year. There is much indignation In the north of Ireland at a statement that a portion of the Giant’s Causeway is about to be removed to America. The Penwell coal mines at Pana, 111., were destroyed by fire, entailing a loss of $125,000 and throwing 500 people out of work. At a public demonstration the Marconi wireless telegraph station at Glace Bay, Cape Breton, sent a messageto Clifden. Ireland, and within five minutes received a reply. The Allis-Chalmers company’s annual report is said to show a deficit of $387,298. Fire destroyed the buildings of the Harrisburg Elevator company and nearby stores at Harrisburg, 111., occasioning a loss of $15,000. The feeling in Wall street is that the worst is over and that the market will now take a ton for the better. Argument has begun in the Missouri supreme court at Jefferson City, Mo., in the suit for ouster against the Standard Oil company, the Republic Oil company and the Waters-Pierce company. Miss Helen M. Gould attended the dedicaticn of the a/my Y. M. C. A. building, which she gave to the private soldiers at Fort Leavenworth, Kan.

Newspaper Men Elect Officers.

Joliet, 111., Oct 24.—At the closing session of the convention of the Illinois Dally Newspaper association Chicago was selected as the meeting place for the next convention, and the following officers were elected: President, E. E. Bartlett Rockford; vice president, H. M. Pindell, Peoria; secretary, A. O. Lindstrum. Galesburg; treasurer, W. W. Miller, Quincy; directors, Verne E, Joy, Centralia; W. F. Dumser, Springfield; J. H. McKeever, Moline.

THE WEATHER Following is the official weather forecast up to 8 o’clock tonight: Illinois and Indiana—Fair with slightly cooler in north portions. Lower Mi higan-—Prebably showers; cooler in north ami west port’ons. Wisconsin —Fair and cooler. lowa—Generally fair; cooler in east portion.

THE MYEXETB

Chicago Grain. Chicago, Oct 2L Following were the quotations on the Cbir.igo Board of Trade today: Wheat— Open. High. Low. Close. Oct. .. .8 .97% $ .97% $ .97% 8 .97% Dec. ... 1.0% 1.01 .08% .88% May ... 1.07% 1.07% 1.05% 1.05% July ... 1.01% 101% 100 LOO% Corn— Oct ... .CO .60 .60 .60 Dec. ... *SB .57% .56% .57 ‘ May ... .57% .00% .59 .59% Oats— Dee. ... .51 .51 .50% .50% May ... .53% .53% .52% .52% Pork— Jan. ...14.70 14.75 14.60 14.75 May ...15.00 15.15 14.90 15.05 Lard— Nov. ... 8.65 8.65 8.50 8.50 Jan* ... 855 8.55 8.47 8.52% May ... 8.62 8.75 8.55 8.67 Short Ribs— Jan. ... 7.55 7.70 7.50 7.70 May ... 7.90 7.92% 7.85 7.92% Catjh sales—Winter wheat —By tanv pie: No. 2 red, 81.00% @l.oe%c; No. 3 red. 98%ft8L01; No. 2 hard, |l.oo<%@ 1.04%; No. 3 hard, 98c@$1.01%c. Spring wheat—By sample: No. 2 northern, [email protected]; No. 3 spring, [email protected]. Corn—By sample: No. 2, 61@61%c; No. 2 white, 60%@61%c; No. 2 yeljow, GI%jSLO2&. N_p. 3,.60%0

Glc; Nd. 3 white, 6Tc; Ko. S yellow, 61 (U6l%c; No. 4, 59(8 6044 c. Oats—By sample: No. white, 46£z 5046 c; No, 4 white, 45<g49c; standard, 49-%@slc. Live Stock, Poultry and Hay. Chicago, Oct. 24. Hogs—Receipts 10,000. Sales ranged at $6.05ff?fi.15 for choice heavy shipping, s6.lOffzfi.2O choice light, $5.85® 6.05 mixed packing, $5.70(&6.00 choice pigs. Cattle—Receipts 11,000. Quotations ranged at $6.75(87.45 for prime fat steers, $3.90ffz5.00 good to choice' cows, $4.50ffz5.75 prime heifers, [email protected] good to choice calves. $4.50(85,00 selected feeders, $3.50(83.80 fair to good Stockers. Sheep— Receipts 20.000. Quotations ranged at $5.40ffi6.00 for good to prims native wethers, $5.00(8 5.50 good to prime native ewes. good to choice native lambs, $6.25(8,7.00 medium spring lambs. Live Poultry—Turkeys, per lb, 13ci chickens, fowls. 8(8 9c; springs, 9%c; roosters, 7c; geese, $5.00® 7.00; ducks, wZ Hay—Choice timothy hay, *519.50® 20.50; No. 1, slß.oo® 19.00: No. 2 .and No. 1 mixed, $16.00® 17.00; No. 8 and No. 2 mixed, $14.00® 15.00. Illinois, Indiana and Wisconsing feeding prairie. choice. $10.50(811.50; No. 1. $9.00 (310.00. Packing hay. $8.50<§.9.50. Hast Buffalo Live Stock. East Buffalo, N. Y., Oct. 24. Dunning & Stevens, Live Stock Commission Merchants, East Buffalo, N. Y., quote as follows: Cattle—Receipts 30 cars; arket slow. Hogs— Receipts 30 cars; market lower; heavy and medium. $6.50; yorkers, $6.40® 6.50; pigs, $6.00(86.15. Sheep and Lambs. 25 cars; market slow; best lambs, $7.30(87.40; culls, $5.75®6.00| yearlings, $5.75® 6.00; wethers, $5.50® 5.75; ewes, $5.50(8525. Calves—Market strong; best, $4.00(89.00. Horse Notos. Of all the fools who drive horses the ones who rush a horse downhill are the worst It weakens the tendons and nerves, jars the shoulders and springs the knees. A mare of any type bred to a horse of an entirely different type may produce a good colt, but the chances are against it. Teach the colts to walk fast The walking gait is the best gait. It takes much patience to teach a horse seven or eight years old to do new kinds of work, but let patience have her perfect work. The horse is not so much to blame, after aIL Shelter the Flock. During the winter months after the flock has been taken in from the field a good, roomy yank that is high and dry and sheltered from the west and north winds is a good place in which to allow the sheep to pass the . most of the days during pleasant weather, says a Wisconsin dockmaster In National Stockman. Feed troughs for grain and racks for coarse fodder are indispensable in the yard. Sheep seem to relish feed better out of doors than when fed inside the shed. After having passed the day in jthe yard they are ready to go into the shed for the evening feeding of hay and enjoy a quiet night Comfort and enjoyment are essentials that should always be considered.

For Sale:— 100 head of good aheap. Ed Oliver, Newland, Ind.

Notice of Sale of School House. Notice Is hereby given that the undersigned, as Trustee of Marlon Township, in Jasper County, Ind., will, on *> uesday, November 12, 1907, offer for saieat public outcry to the highest bidder at 10 o’clock a. m.. the school house and out-buildiugs situate on the northwest corner of the Northwest quarter of Section Twenty-five, Township Twenty-nine North, Range Six West, known as the Grant school house. Said property if sold will be sold for cash at not less than two.thirds of, the apprised value thereof. EK"— f r, '"' v c "iK;7»‘oi-s° 8 r “ Trustee Marlon Township,