Hammond Times, Volume 2, Number 109, Hammond, Lake County, 24 October 1907 — Page 8

8 THE LAKE COUNTY TIMES Tlmrsdav. October 24, 1007, FINANCIAL FLURRY REAGHESPITTSBURG Stringency Having About Played Out at New York Goes West. XT V

' : ; 1 . i u , .i I flk . I I Quality Store, Hammond, Ind. I lCT..,I'' " ' I A Barrel of Money Given Away )

s ! h

VESTIHGHQUSE FIRMS ARE HIT

Receivers Are Appointed But the Concerns All Declared Solvent Morgan at the Head Now.

New York, Oct. 23. One depressing event followed another in such rarid succession today and the financial crisis reached such an acute stage that J. Plerpont Morgan assumed full charge of the situation and will endeavor to restore confidence. At his elbows are James Ptlllman, president of the National City bank; E. H. Harrlman, the railroad magnate; Thomas F. Ryan, the financier, - and Oakleigh Thome, president of the Trust company of America. These five constitute the committee that repre

sents Secretary of the Treasury Cortelyou in distributing- government relief to needy Institutions. Invent Follow Rapidly. From early morning until late ijlght distressing news was heard from various "sections. During the entire day the committee of five labored to stem the tide of ruin that threatened. Three of the concerns represented In the mighty Westinghouse Interests, representing a combined outstanding capital of more than $33,000,000, went Into the hands of receivers. One other concern also connected with Westinghouse companies Is slated for receivership tomorrow. The concerns already in the hands of receivers are the Westinghouse Electric and Manufacturing company, the Westinghouse Machine company, and the Security Investment company of Pittsburg, the holding company; The petition is being prepared to Include the Xernst Lamp company, another connection, tomorrow. nun on $70,000,000 Bank. A run on the Trust Company of America, which carries deposits of more than $70,000,000, developed early this morning, and all day long the tellers paid out money as fast as they could, while the police struggled to keep order in the ranks of panic

stricken depositors. The amount paid

out was not announced. Wagon load3

of securities were taken from the

vaults and submitted to the examln

lng committee of financiers to show whether the institution was worth

further aid. It was announced that the banks will furnish the necessary currency to carry the trust company

through the crisis.

ine JvnicKerDocker Trust company, which closed its doors Tuesday, failed to reopen today according to promises, and the state superintendent of banks assumed charge. nttuburg Hank Fall. From Pittsburg late tonight came the word that the Iron City Trust company had been placed in the hands of receivers with liabilities of $1,700,000 owing to depositors and assets of $4,000,000. It was announced that the receivership of the, Westinghouse companies made such proceeding necessary In the case of the Iron City Trust. Another bank failure was reported from Reno, Nev., where the State Bank

and Trust company was forced to close Its doors. Inability to1 realize on collateral security for a $400,000 loan was given as the cause. Attorney General Jackson, Acting Superintendent of Ranks Skinner, and members of the State Bankers' association were in conference during the day. After the meeting it was said that the arrest of three men prominent in the financial world was not entirely unlikely. Another disquieting development was the closing of the Pittsburg stock exchange until Monday at the request of the Clearing House association. This was followed by the unloading of a large number of shares, estimated nt 200,000, on Wall street, which nearly deluged the market. To Investigate Trust Hanks. After prolonged conference at J. P. Morgan's office an organization of the presidents of the New York trust companies was effected, not different in principle from the Clearing: House association. It was 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 Vnited States trust companies, presided and was elected chairman of a committee whose duties are to be analogous to those of the clearing house committee. A resolution was unanimously adopted providing for an examination of the various trust companies and a report of their funds and recommendations to the association. Mr. Morgan and James Stillman, president of the National City bank, called on Secretary Cortelyou at the

Manhattan hotel at night. Mr. Morgan could say anything tion.

"T ri n civ nnf 1

reply, "but later given you."

if I Ml r""t-l tlint 1Vf nrf rpn Iv mx-inrr f--vn dr -i-. 1Tt.. ,-,tny-Vi rf . v 111

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- I going to give away a barrel of 5c pieces, Saturday, Oct. 26th. A 5c piece with every dol- I

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GERMANY

GERMANS ABE VIGTORS IN THE BALLOON RAGE Pommern Ends Flight of 880 Miles at Ashbury, N. J. Wins Cup.

FRENCH TEN MILES BEHIND

Isle DeFrance Breaks Record for Duration of Aerial Voyage Next Contest in Germany.

the silver trophy presented by James

Gorden Bennett, the race next year will be in the home of the German Aero club. Final possession of the trophy rests with the club which wins

it three times.

The balloon United States, which fin

ished eighth in this year's contest, was the winner In 1906, gaining a leg on

the cup for the Aero club of America,

the newest recruit in the aeronautic

confederation of the world. Aside from the posession of the cup, the Ger

mans won a cash prize of $2,500, also

offered by Mr. Bennett.

The world's record for distance

flown Is 1,300 miles, held by Count

Henry de la Vaulx. There is some

doubt as to whether this distance means a measured air line flight or the

total number of miles traveled in drift

ing currents. All of the balloons in this year's race traveled many more miles than the figures with which they

are accreaitea, but oniy tne air tine

measurements are considered in the

award of the prizes.

RESULTS OF BALLOON' RACE.

Balloon

Landed

Miles from St. L.

to-

12:15 o'clock

was askl if ho about the situa-

h!n. now.

something

was may

his

call at the 5 company.

Pommern Asbury Park, N. J.. .880 Isle de France. .Hubertsville, N. J.. .870 Dusseldorf Little Creek, Del.. 790 America Patuxent. Md. . . . .730 St. Louts Westminster, Md..720 Aberoron Manassas. Va 680 Anjou Louisa Co., Va....6ii0 United States.. .Caledonia, Ont 650 St. Louis, Mo., Oct. 24. Proclaimed as the most remarkable ballooning

contest in the history of the world of aeronautics, with every racing record broken, the second international cup competition, which started from here

on Monday last, ended yesterday, with Germany accorded the winning laurels. The finish of the race was the closest

and most exciting the followers of the pport have ever known, the victorious German balloon, the Pommern, which landed at Asbury Park yesterdaymorning, having but barely ten miles

the advantage of the French contest

ant, L'Isle de France, second in the race, which descended Wednesday af

ternoon at Ilerbertsville, N. J., a few

miles from the Atlantic coast and

slightly northwest of Point Pleasant. Americans Klntnh Fourth.

Another German balloon, the Dusseldorf, stands third in the ract?. American entries are fourth and fifth.

a third German team eighth, and the Knglish team abandoned the race at Memphis. O., where they descended on account of the illness of one of the

aeronauts.

The unofficial estimated air line

flight of the Pommern is SS0 miles and that of the L'Isle de France is S70. The Dusseldorf landed near Dover, Del., and

is estimated to have covered 790 miles

lhe official measurements will be com

puted at the geological survey of the

United States government at Washing ton.

Only the proximity of the Atlantic

ocean stopped the wonderful flight of the Pommern. The balloon could have

remained in the air many hours long

and undoubtedly would have added

but

Just for the fun of It. Independent Woolen Mill

9109 Commercial avenue, South. Chi- j several hundred miles to its record cago, and view their $15.00 suits and j for the expanse of water ahead, overcoats made to order for 515.00. j Next Contest In Germany. Union label on all garments. Germany having won possession

t i

RACE OF THE DIRIGIBLES

P-,, II III II WHIM Want It?

want a nerve tonic? - - Ask your doctor

ant a blood purifier? - - Ask your doctor !

Want a strong alterative ? Ask your doctor

w ant a family medicine ? - Ask your doctor

want it without alcohol? - Ask your doctor

acholic Sarvrzarilla. Thcnmu will Zant A'cr s Sarsaparilla? Ask your doctor

I notf tchetrter you tcant it or not. th formula of U our mediolne.

3. 0. Xrr Co.

U. Mass.

Won by Beache y's Airship, with Stro-

bel Second; "Arrow" Third. j Rt. Louis, Oct. 24. Sailing to wind- j urard and return over a course measur-1 Iiij; one mile and a half from start to finish, Lincoln Beachey, of Toledo, O.. won the dirigible balloon, or airship, race which marked the close of the ! St. Louis aeronautic carnival of 1007. The prize was $2.0CO. In his "Beachey airship," a cigar-shaped affair propelled by a four-cycllnder gasoline motor, the winner covered the distance in four minutes and forty seconds. j Jack Dallas, in the"Strobel airship," n sister craft to the Beachey, won second place with a time record of six minutes and ten seconds, while Cap- ; tain Thomas S. Baldwin, of New York, , in the ."California ArTow," was third,; in seven minutes and five seconds. A fourth competitor1, the "Comet," en j tered by Charles Baysdorfer, of Oma. j ha. Neb., and sailed by Horace Wild, did not complete the first trial of tlie course, the motor breaking. ! The race as finally arranged was a start-at-wlll affair, with each contestant having three trials. Beachey made the best time of the first round, 7:1.". and did not start again until the "Arrow" had made a record of 7:05 on its last attempt. Then the Beachey ship started on the best1 flight of the day. Hedging his car directly into the wind and veering but the slightest degree in the freshening gusts the bis craft sailed to the turning point, wheeled around in its own length, and came whirling back before the breeze, at n speed which must have approached fifty miles an hour. The precision with which the ship was handled was marvelous, the airship being brought to the ground wtthln a few feet oi the grand stand In taking hU last flight Beachey met Dallas returning in the "Stroliel." There was an

exchange of greetings In mid-air, and the spectacle of the two flying machines passing at full speed, with propellers whirling and motors chugging, roused the watching throngs to a high pitch of enthusiasm. WOMAN KILLS HER HUSBAND.

In order to further demonstrate to the public, the value of our 5 Profit Sharing Coupons, that we are really giving you 5c on every dollars worth of merchandise you buy, we are going to give away a barrel of 5c pieces, Saturday, Oct, 2ath. A 5c piece with "every dollars worth of merchandise you purchase in all departments of our big store. See our window display of Money and read our money saving bargains, for Friday, Saturday aud Monday, Oct. 25th 26th and 28th.

Ladies9 Cloak and Suit Department in this department new goods arrive almost every day, we are thus enabled to show you something: new and right up to the minute in style. Qet our prices and be convinced that it will mean a saving to buy your ready-to-

wear goods from us.

CLOAK DEPT.

We ask you especially to see our Ladies' Cloaks at $5.00, $7.50 and $10.00. Our $15.00 wrap is what you pay $18.00 and $20.00 for elsewhere. All colors. LADIES SUITS Ladies Suits, correct in style and price, perfectly tailored, selling at

$10.00 to . .

25.00

Shirt Waists

Some gains Shirt than price.

special barin Ladies' Waists, less half regular

Some extraordinary good values in Ladies' Muslin Underwear. Ladies extra size muslin drawers, splendid value, 25c. Corset covers, made extra full and large for 25c.

Better quality nicely trimmed with lace,

35c, 50c up to

39c

Some bargains in muslin underwear that have been sllgntly soiled and mussed. Gingham Aprons Cheap 25 doz. common Gingham work kitchen Aprons, would

usually sell for 25c, spec

14c

Dry Goods Dept. RIE3BON SPUCIAU We have an especially attractive offer in black ribbons, good heavy quality. 25 pieces black Taffeta ribbon, n 4 inches wide for, yard .-jC 15 bolts 5 inches 'wide, ftf for. yard 2.uC 10 bolts C Inches wide, for ard ouC Black Tnttvtix Slllc Ctiottp 3 pieces 32-inch black Taffeta Bilk, extra fine finish and quality, fe for this sale only QjQ BUAR SKINS Bear Skin Cloth for Cloaks and Wraps, 54 inches wide and f ff fine quality, per yard Z.Dv) GINGHAMS 25 pieces of fancy Ginghams, former price up to 15c per yard, ex-rf tra special for JC A Transfer Collar

Pattern FREE with

our Nov. Monthly SS

Style Book. Ask about It in Pattern

TJent Wo are pt.

elusive agents for xxC!!--'c, the Ladles' Home Tt

Journal Patterns.

SHOE SPECIALS

The Specials in our Ladies, Misses,

Meqs, Boys and Childrens Shoes are exceptional values

- Children's Shoes In Patent Colt, Vici Kid and velour Calf, button and lace, sizes 3 to 8, with heels, special at 1.00

Ladies' Felt Slippers with leather soles, side QQr patches, sizes 3 to 8, special at OwC Ladies' Vici Kid Shoes, extension soles, all solid leather, sizes 3 to 8, special price "1C per pair m Q Misses' $1.50 Kid Shoes, lace and button, g gt llVs to 2, special price per pair mQ Men's All Solid Box Calf Shoes, London A fA Toe and Tips, sizes 6 to 11, special price at. ,UU Ladies' Gun Metal Shoes, button and blucher. military heels, patent toe, special price per e pair Z.OU

43 r it v I t 4 - r - ljv I V . , ; i

FALL CLOTHING

Our Stock of Mens, Youths and Childrens Suits and Overcoats was never more complete. See our display of the latest styles.

Men's Highly Tailored Suits in single and double breasted styles, in blues, blacks, grays, browns and

dark greens, priced at $10.00, $12.50, $15. and

18.00

Men's Overcoats in black, gray and fancy mixtures, cut in medium and extra lengths. Those coats are perfect in style and workmanship. You are sure to

find one suitable for you in the big range of sizes

and patterns we have to offer. Priced at $8.00, $10.00, $12.50, $15.00 and

18.00

Boy's and Children's Clothing in newest styles and

patterns at money saving prices. Special values in

Young Men's Suits at $7.50 and $10.00. Boy's School Suits, special prices, $2.00 and.

2.50

eorrioHT ior thc makc or

MICHAELS-STERN FINE CLOTHING ICMACLS, STERN A CO. OCHHttl. n, v.

A complete assortment of Men's and Boy's Underwear, Shirts, Hats, Caps, Neckwear, Sweaters and

Hosiery. One lot of Men's extra heavy Black Sat

een Shirts, two to a customer, extra values at

59c

Millinery that will satisfy you We have added to and strengthened our Millinery; showing to . such an extent that a visit to our department will disclose to you the largest and best stocked department in Hammond, where only the most approved, beautiful and practical modes are shown, and in every instance at a price that is not matched elsewhere. $2.00 Street and Cheyenne Hats 99c $4.S3 Trimmed Hats $1.98 Fine line of plumes. Best ever shown in Hammond for the price. .

Evansville. Ind.. Oct. 24. In a quarrel over money matters, Mrs. Phoebe James, afred 30. shot and killed her husband, George James, at HowelL

DRUGS ?1.00 bottle King's Discovery 69c 25c bottle of White Pine Cough Cure... 19c 25c box of Bromo Quinine 19c 25c box of Witch Hazel Salve 18c 25c box of Lincoln Tea 17c 10c cake Buttermilk Soap 7c 25c bottle Vapo Cresolene 19c Cremo Cigars, 7 for 25c Francis "Wilson, 7 for 25c Derma Viva Liquid 35c $1.00 bottle Pompelan Cream 71c 5-10c bottles Perfume for 25c 2 for 5c Post Cards now for, each 1c

Grocery Specials FINEST ELGIN CREAMERY Q H p BUTTER, Per lb.---- OU W Corn Flake and Egg-O-See, Q per pkg Oil Quaker Oats, per pkff 9c E. C. Minas Blend Famous 20c 1Q Coffee, extra special, 2 lbs Hub Fine Green Japan Tea, Qfln per lb OUu Herkimer County Cream Cheese, -J -j per lb I lb Wrigley's Scouring Soap, per bar 0 New Jersey Sweet Potatoes, 2 lbs - lOs

Furniture, Stoves Rugs and Draperies

for this strong OuC beautiful Bamboo Stand, size of top is 14x14 inches, beautifully modeled, stands 30 inches from floor, neatly turned legs, supported by a convenient shelf below, a splendid

lamp or Bible stand;

extra special ,

39c

The Most Economical Stove on Earth The Florence is an investment; it pays for itself in a very short space of time. No smoke! No soot! No dirt! Everything consumed. It is not the original cost of a stove but what it costs to operate it that counts. A large assortment,

$1G

to'.

(My

its

Hardware.

1.23

Universal Food Chop

pers, n.&s

$1.48

Mrs. Potts' Sad Irons, fortb5s QQn sale uUll

Steel Express Wagons,

all sizes, tip from

Good serviceable Fire Shovels, 12c, 8c and Jy Robin Hood Loaded Shells. 12-ga, No. 7,

chilled shot and smoke

less powder, at

65c

t m

i i