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THE SANDER8V1LLE HERALD.
banks doing best
New York Institutions Hard
at Work to Aid South,
CURRENCY BEING SHIPPED
Demand is Being Met to Utmost Abil
ity cotton Movement, However, Is
Seriously Checked by Lack of
Small Bills.
LUSITANIA BRINGS GOLD.
Gigantic Cunard Liner Arrives at New
York With Still Another Speed
Record to Her Credit.
The leading New York banka wore
exerting themselves actively Friday to
meet the demands of their country cor
espondents and depositors for curren
cy. They declare that the suggestions
iuude from several western sources
that, they are not mooting legitimate
demands are unfounded and that they
are, on the contrary, taking every
practicable measure to aid the west
and south. One of these large hanks,
with several thousand corresi>ondents,
has depleted its reserves by about a
quarter during the last few weeks to
supply currency where It Is most
needed and has made largo shipments
to banks In San Antonio, Galveston,
Memphis, Mobile, Atlanta and other
southern points.
The country hanks have been allow
ed to draw down their balances to a
point which afTords, in many cases,
hardly more than enough to meet the
drafts sold in the ordinary course of
Imeiness. They have bought papor
for rediscount to their New York cor
respondents In large amounts uud the
principal difficulty of the New York
hanks lias come from the demand for
currency to he shipped against tho
balance created by these rediscounts.
As these rediscounts have been ac
commodations and have not brought a
cent of currency to the .discounting
banks, they do not feel that they should
be called on to supply the currency
In small amounts under such condi
tions. It Is not usual except in spe
cial cases to ship all that Is asked,
but about one-half is usually shipped,
the proportion varying, according to
tho cash strength of the bank calling
for coin or as the demand Is for le
gitimate purposes. Special favor Is
shown to the small interior banks,
where there Is no clearing house, be
cause It Is realized that they are not
In a position to count upon co-opera-
tiou and the use of clearing house cer
tificates, as in the case of communities
having a number of strong institu
tions.
It is admitted that the cotton move
ment la seriously checked by the lack
of small hills and silver to pay the
small growers and by tho inability of
the southern banks to handle tho im
mense volume of business accumulat
ing at southern points.
The aid that is being rendered to
the situation is Indicated by the fact
that the total engagements of gold
have bow reached $40,000,000. The
total was materially increased Friday
by tho announcement of several pur
chases which had not heretofore been
made public. Of the amount engaged,
$21,311,000 has already arrived, inclu
ding $12,361,130 brought by the Lusi
tania Friday morning. This gold will
afford the basis of nearly $200,000,000
in loans and will materially assist the
Noiyv York banks’ efforts to meet the
pressure for currency.
The fact that practically $60,000,-
000 In currency dlsapeared from the
New York banks within a week, as
indicated by the last hank statement,
is considered sufficient evidence that
Now York is doing Its beat. The to
tal drain of last week is computed
upon the basis of an actual loss In
cash of about $30,000,000 in face of
the fact that $50,000,000 of public mom
ey had been poured into The Now York
hanks. It Is not possible to determine
whftt proportion of this $GO,000,000
wept west and what proportion went
int'6 hoards in New York.
MEANS ROOSEVELT
The marvelous record established
less than a month ago by the giant
turbine Cunardor Lusitania when she
cut several hours from the passage
time across the Atlantic, already has
been broken.
The Lusitania still retains the title
of queen of the seas, as it was she
herself that established the new low
mark and incidentally she added seve
ral new records to her credit. These
Include the best single day's run—618
knots, made November 6—an average
of more than 600 knots for every full
day and an average hourly speed of
24.25 knots for the full 2,781 miles.
On her last voyage the Lusitania
covered the distance in four days, nine
teen hours and flfty-two minutes. The
voyage ended Friday, over tho same
course, was completed In four days,
eighteen hours and forty minutes, thus
clipping one hour and twelve minutes
from the previous low mark.
In the Lusitania’s big vaults wa3
stored nearly 12,000,000 in gold, more
stored over $12,000,000 In gold, more
which had beeu engaged abroad by
American bankers since the present al
most unprecedented movement began.
This gold will be added to the coun
try’s available circulation of currency.
As soon as the big ship was warped
Into her dock, preparations were made
for discharging the twenty-four tons ol
golden treasure in her specie room
The work was under the personal su
pervision of Vernon II. Brown, gen
eral agent of the Cunard line. Loi^g
shoremen were soon at work carrying
the small but heavy si eel-bound wood
on cases, of which there were 334
ashore.
Purser Lancaster checked each 4>ox
as It was brought down the gangplank
Plain clothes men and policemen were
on guard, and a portable wooden fenee
placed across the end of the dock,
where the gold was bblng handled,
served to keep back the curious.
For Third Term, Says New
York Republican Chairman.
COMMENTS ON ELECTIONS
Woodruff Bases Prediction on the Re
sult in Brooklyn and Declares the
Third Term Demand Will
Be Irresistible.
TWO SWEEPING ORDERS
Issued by the Georgia State Railroad
Commission—All Public Utili
ties Must Render Reports.
USED LADIES' BATH ROOM.
Mitchell’s Persistent Silly Action Caus
ed Fatal Tragedy.
Robert N. Mitchell shot and killed
Joe M. Sloop early Friday night In
front of the Central hotel In Rome,
Georgia.
It seems that there had been somo
trouble between Mitchell and Sloop,
both of whom boarded at the Central
hotel. Mitchell, It Is claimed, had per
sisted in using the ladles' bath room,
to which Sloop objected. Friday morn
ing. It is alleged, Mitchell attempted
to get Into the bath room while Sloops’
wife was in there, and it Is alleged
that Sloop appM ed a vile epithet to
any man who would do that kind
of a thing.
Mitchell, it seems, had been brood
ing over the matter all day, and wait
ed for Sloop to come to supper.
When he saw Sloop, lie reminded
him of what he had said In the morn
ing. and called him a vile name three
times, and then shot him In the breast
four times with a 48-callher revol\e..
Sloop died almost Immediately.
Mitchell Is a musician and leader
ef the orchestra at the Romo opera
house. Sloop was a cigar maker and
a quiet, Inoffensive man.
The friends of Sloop were very in
dignant over the killing and expressed
themselves quite freely on the subject
and a good many threats were made
against Mitchell.
AS AGENTS OF HARRIMAN
COTTON DECREASE SHOWN
In Census Bureau’s Report of Bales
Ginned to November 1st
At Washington Friday, the census
bureau issued Its bulletin showing the
total cotton crop of thl8 year's growth
ginned up to November 1st to be 6
167,000 bales, as compared with 6,-
006.395 hales for 1906. In the com
putatlon round bales are counted as
half bales.
There were 26,135 ginneries in oper
ation, as compared with 27,370
1006.
MAY PR08ECUTE BANKERB.
Reports Current of Possible Criminal
Proceedings In Gotham.
A New York special of Friday says
Reports that criminal prosecutions as
a result of conditions disclosed by the
Present banking situation in this oity
are Imminent have gained wide cirou
Motion In local financial circles.
A New York special says: Chairman
Timothy L. Woodruff of the republican
state committee, who wired the presi
dent that Tuesday's republican victory
in Kings county was due to Mr. Roose
velt's strength In Brooklyn, said, In
an Interview Wednesday night that he
believed the demand would be such
that the president would be obliged
to accept a renominatlon.
Chairman Woodruff had been asked
where he stood on the presidential situ
ation, when he replied:
’’I am fairly of the opinion that the
demand for the renominatlon of The
odore Roosevelt will be bo strong next
Burinc that thn president will be oblig
ed to accept the reuomlnation. Kvery
indication points to his being swept
Into office by an overwhelming vote.
"Under the leadership of Roosevelt
in the nation and of Hughes In the
Btate, the rank and file of independent
league people will, In my judgment,
vote hereafter with the republican
party.”
Tammany Leader Charles F. Murphy
sees In the defeat of republican and
democratic fusion In New York county
the retirement of William Randolph
Hearts as a factor In local politics.
In 1905 New York county gave Mr.
Hearst, running on a straight Independ
ence league ticket, for mayor, 123,892
votes, against 140,264 for Mayor Mc
Clellan, democratic candidate. The re
publican vote for William M. Ivins was
64,289. Last Tuesday the combined re
publican and Independence league vote
in New York county was only about
130,000. If the republican claim to
having poled the greater part of this
vote Is justified, tho Independence
league has lost heavily.
A clear Tammany victory which elect
ed every candidate tor the supremo
court, judges of the court of general
sessions and of the city court, nine of
the fifteen new municipal court judges,
the sheriff and eight additional aider-
men was the result of the election in
New York city.
The most sweeping Tammany victo
ry was In the election of Thomas F.
Foley, for sheriff, over M. F. Ihmsen,
the fusion nominee, by a plurality of
24,717. Mr. Ihmsen has for years been
campaign manager for William Ran
dolph Hear:t. The strength of the in
dependence league In Greater New
York was indicated only on the vote
for Reuben Long, independence league
candidate for the court of appeals. His
vote was 87,666.
In Brooklyn, however, the democratic
forces, led by State Senator Patrick
McCarren, suffered a severe setback,
the republicans electing their enjtirs
county ticket except the district attor
ney and surrogate. The fusion of re
publicans and independence league did
not extend to that borough.
IN SPECIAL SESSION
Thorne and Perry Bought Control of
Central of Georgia.
When the control of the Central of
Georgia was sold by the holding com
mittee, representing the Southern Rail
way company, to Oakleigh Thorne and
Marsden J. Perry, as announced sev
eral months ago, those gentlemen wer e
acting merely as the agents of E. H.
Harrlman and control of the Georgia
system has been in the hands of tho
Union Pacific magnate since that day.
HISTORIC BUILDING BURNS.
General orders, Nos. 7 and 8, Issued
by the railroad commission of Geor
gia, at Atlanta Wednesday, require all
public utilities In the state, with the
exception of steam railroads, previ
ously ordered, to file at ouce with this
board copies of their rules, regulations,
rates, charters, franchises, Incorpora
tions, capitalization and organization,
within the next twenty days with a
view to having a public hearing on
them later to improve the service.
These orders, sweeping as usual, take
In all classes of utilities and name
specifically all street car companies,
telegraph companies, wharf, dock, cot
ton oompress, gas and electric and
power companies In the state.
In the first two corporations twenty
days Is allowed within which to file
this information, while in the latter
Instance only ten dayB Is allowed.
General order No. 7 Is as follows:
Ordered, That within twenty days
from this date all street railroad cor
porations, companies or persons own
ing, leasing or operating street rail
roads In this state, and all telegraph
eoroprations under the jurisdiction of
this commission, shall furnish this com
mission with copies of their charters,
rates and rules, and that, considering
the same, togetlior with such other in
formation as may then be at the dls
posal of the commission, the neces
sity of ordering a public hearing with
a view to improving the service, with
the terms and conditions of such hear
ing, will be considered and determined,
and due notice given to the companies
concerned and their patrons and thn
local authorities.
General Order No. 8 says:
Ordered, That within ten days from
this date all dock and wharf corpora
tlons, companies or persons owning,
leasing or operating the Bame under
tho jurisdiction of this commission ;
all cotton compress corporations or
assocatlons and persons or compunles
owning, leasing or operating the same
under tho jurisdiction of this commis
sion; and all gas and electric light and
power companies, corporation or per
sons owning, leasing or operating pub
11c gas plants or electric light and
power plants furnishing service to the
public, under the Jurisdiction of this
commission, shall furnish this comml3
sion with copies of their charters, rate3
and rules, and that, considering the
same, together with such other Infor
mation as may then be at the disposal
of the commission, the necessity of or
dering a public hearing with a view to
improving tho service, with the terms
and conditions of such hearing, will
be considered and determined, and
due notlve given to the companies con
cerned and their patrons and by the
local authorities.
Those orders, it is thought, were
brought about by reason of the com
plete hearing which Is being had on
tire subject of the Southern Hell Tele
phone company In filing a similar state
ment. It is expected that a public
hearing will be had on these other
utility corporations when their reports
are received, as there are a number of
complaints registered against each
with the commission.
The Legislature of Alabama
Convenes in Montgomery,
Unlucky Exposition Will be in
Soup” to the Extent of Some
thing Like $2,400,000.
INSTRUCTIONS OF COMER
Message States That Control of Rail
roads is Paramount Issue—Takes
a Fling at President of the
Louisville and Nashville.
REPUBLICANS WIN IN JERSEY.
Salisbury, N. C., Has Blaze Which Wip
ed Out Landmarks.
Early Friday morning fire broke out
in W. H. Huff's grocery store at Sal
isbury, N. C., and destroyed tho fa
mous old Mansion block, part of which
was built before the revolutionary war,
along with a number of stores, the
loss being about $50,000.
It was in the Mansion block that
Mrs. Elizabeth Maxwell Steele enter
tained General Greene, and at least
on one occasion George Washington
dined there.
Latest Returns Show Election of John
Franklin Fort for Governor.
Frank S. Katzenbach, Jr., democrat
ic candidate for governor of New Jer
sey, Wednesday night, conceded the
election of John Franklin Fort, hia
republican opponent, and made tho fol
lowing statement: ‘‘From the some
what incomplete returns furnished, I
believe that Judge Fort will be elected.
I have sent him my congratulations.”
BURGLAR WEDGED IN CHIMNEY,
No Railway Strike in England.
A London special says: Richard Bell,
member of parliament, announced ou
Wednesday night that the railroad dis
pute had been settled.
LABORERS FOR PANAMA CANAL.
ALL THE TIME THEY WANT
Is Given Railroads In Alabama to Dis
cuss Legislative Measures.
Over the protest of Senator John
Lusk, the Alabama senate committee
on commerce and common carriers
voted Friday to give the railroads as
much time as they like to discuss bills
that are up for passage for the con
trol of the lines in the state.
September Showed Increase of 783, Ao-
cording to Chairman Goethals.
During September there was brought
to the Isthmus of Panama for work
on canal construction 783 laborers, ot
whom 664 were Europeans and 119
West Indians. These facts are shown
in the report of Colonel Goethals, the
ohalrman of the commission, which la
published In the latest number of the
canal record just received In Washing
ton. The Panama railroad force num
bered 6,238, making the total work
ing force of the commission and rail
road 29,845.
Was Considerably Roasted Before Cap-
tors Could Extricate Him.
Dave Crawford, a negro, Tuesday
night attempted to burglarize the home
of M. S. Russell near Tuskegee, Ala.
He climbed up on top of the house
and attempted to go down the chimney.
About half way down he found that his
body was too large to go any further,
and ho became fqstened there, and re
mained caught In the chimney the rest
of the night. Wednesday morning
Mr. Russell made a fire anil as the
fire began to burn the negro began to
yell.
It took some time to locate him and
by the time that Russell could get as
sistance, tear down the chimney and
liberate Dave he was burned from head
to foot, although his clothing was not
burned off. The negro Is under the
care of the county physician. When
found the negro had In his hand a 40-
caliber pistol.
The Alabama legislature met In spe
cial session at Montgomery Thursday.
In his messago Governor Coiner In
sisted that the control and regulation
the railroads by the state Is a
question more important than the mak
ing of rates or any other thing; that
It Involves the question of tho right
of the state to control Its Internal at
fairs.
The message goes on to say that
President Smith of the Louisville and
Nashville has held out against the Ala
bama laws, while others have put them
In, has defied the state and Its people
by conducting a lobby at the capital
and openly admitting that his company
has Influenced legislation In the pa3t,
has called the governors of Alabama
and Georgia populistic, lias raised rates
overnight In defiance of state law3 (
and has generally refused to recognize
the right of the state to make laws ap
plying to tiansportatlon companies.
That the Alabama rate laws are not
confiscatory is evidenced, the governor
says, by the fact that they prevail In
other nearby states and prove profit
able. Financial troubles have not
grown out of tho faws made to control
corporations, but the rascality of the
high financiers, and the producer of tho
cotton of the south Is now coming to
save the country from panic. The
Louisville and Nashville railroad
charged with manipulating to prevent
use of waterways, to make rules
handling coal, demurrage and freight
that are arbitrary, and generally to
control the state to the hurt of the
people.
Laws are also suggested for the
preservation of the forests, regulation
of tho sale of cocaine, lowering excess
baggage charges and providing that
city officers may ride on street cars
on passes.
The first day of the extra session
was productive of a large number
prohibition bills, amongst them one for
a constitutional amendment to elim
inate the right to make and sell liquors
from the organic law. This last was
presented by Chairman Ballard of the
temperance committee In the house.
A number of railroad bills were In
troduced In tho senate. Mr. Hayes had
one to allow street railways to Issue
passes to certain city officials. Mr.
Wilson one to prevent dscrlmlnatlon
on the part of railroads, and Mr. Lusk
one to prevent carriers from charging
a higher rate for traffic than tho stat
utes allow.
Half a dozen bills for prohibition
were presented In the house and one In
the senate. It was agreed that mat
ters not mentioned In the call for the
session could be taken up and passed
if two-thirds of the members voted
on them for final passage.
Milton Smith Replies.
Milton H. Smith, president of the
Louisville and Nashville railroad, on
Thursday night made a reply to tho
message of Governor Comer, in ref
erence to hls road and himself.
“Permit me to call your attention to
some of the many erroneous state
ments contained in your message,’
says Mr. Smith. The letter Is address
ed to the governor.
It la denied that railroads have tried
to Influence legislation. It is asked
if the state has a right to take proper
ty of private Individuals and not give
the defendants the relief that they
have In the courts. He charges the
governor with many errors, and says
that "by disseminating such misin
formation you have secured prefer
ment.”
JAMESTOWN A LOSER.
m
At a meeting of the board of direc
tors of the Jamestown Exposition com
pany at Norfolk, Va., Wednesday
night a financial statement was read
showing the total liabilities to be $2,-
400,000, detailed us follows:
Due the government on the $1,000,-
000 loan, $900,000.
Due on the exposition first mortgage
bonds, $400,000.
Due on current liabilities, $668,000,
Due on stock subscriptions to expo
sition, $432,000.
No statement was rendered as to the
assets, but they include $600,000 esti
mated value of the sewerage, etc., with
$500,000 In unpaid stock subscriptions,
collectible,which would leave a debit ot
something over $1,600,000 If the assets
are realized upon as estimated.
The committee will consider the feas
ibility and practicability of reopening
the exposition next year and will re
port at a spoclal meeting of the di
rectors November 16.
Federal Judge Waddill Thursday de
nied the application for an Injunction
restraining the disposition except un
der order of the court of the $200,000
uunegotlable bonds of the Jamestown
Exposition company’s original $400,000
bond Issue, on the ground that there
was no necessity at this time for such
an Injunction. This leaves the bank
ers’ committee, In whose hands the
$200,000 In bonds remain, to negotiate
or dispose of them.
The court held that the notice and
process of this suit sufficiently protect
ed John Monk, plaintiff, who, holding
an alleged claim of $17,000 against the
exposition on contract building work,
sought to enjoin the disposition of the
$200,000 in bonds.
WANT OLD JOBS BACK.
EXCHANGE SEATS CHEAPER!
Lowest Price Recorded In New York
Since 1904.
A seat In the New York stock ex
change was sold Thursday for $60,000,
the lowest price recorded since 1904,
when a seat was disposed of for $57,-
000. The high record price was reach
ed late In 1901, when a seat brought
$95,600, stad a sale for a like sum was
recorded early In 1906.
TO ARRANGE NEW RATE8
Gulf Foreign Freight Committee Meets
in Annual Session.
The gulf foreign freight committee
which has Its headquarters in Mobile,
Ala., met In that city Thursday to dis
cuss matters of vital importance to
the railroads represented. New rates
will be arranged from southern ports
to Liverpool, Chicago and the west.
Many 8trlklng Telegraphers, Seeking
Reinstatement, Are Disappointed.
Over 300 striking telegraphers who
besieged the offices of the Western Un
ion and Postal Telegraph companies
In New York Thursday seeking rein
statement wero refused employment.
“All the vacancies have been filled,’’
the strikers were told,“and only a few
of the best operators will be given em
ployment.”
It was stated positively that undei
no circumstances would any of the
loaders In the strike be reinstated. Nei
ther, It was understood, would any ol
the men who acted as pickets be em
ployed.
The decision to suspend the Btrlko
was reached at a meeting of the local
branch of tho Commercial Telegraph
ers’ Union In Now York Wednesday
night.
HEAVY FINE FOR REBATING,
Santa Fa Railway Co. Assessed $330,-
000 by Federal Judge.
Judge Olln Wellborn, in the district
court, at Los Angeles. Cal., Thursday,
fined the Atchison, Topeka and Santa
Fe company $330,000 for rebating. The
fluo is what the court denominated an
“Intermediate penalty,” the maximum
of which might have been assessed,
being $1,320,000, and the minimum $66,-
000.
The Santa Fe company was convict
ed on October 11. last by a Jury in the
federal court of granting rebates to the
Grand Canyon Lime and Cement com
pany of Arizona. It was found guilty
on all the sixty-five counts charged la
the Indictment, after but an hour's de
liberation. Tho rebates were given on
shipments of lime and cement from
Nelson, Arlz., to Los Angeles, ranging
In amount from 35 cents to $15.
TO BAR NEGRO VOTE.
ENRAGED CITIZENS FLOG NEGRO.
Many Crimes Committed In Canton,
Miss., Aroused Populace.
The Intense feeling which has ex
isted In Canton, Miss., for some days,
because of crimes committed by ne
groes, found vent when Joe Shaw, a
negro, was taken from the city Jail
and publicly lashed by a posse of citi
zens Thursday.
Following his trial before the mayor
he was taken in charge by citizens,
who tied him to & post, and a hun
dred lashes with a cat-o’-nine-talls
was administered.
Maryland Democrats Planning 8chems
of Disfranchisement.
Democratic party leaders In Marx- ■
land, realizing that their majority in
the next legislature will enable them
to do so, have taken definite steps
looking to the introduction of an
amendment to the state constitution
which will disfranchise the ignorant
negro vote in tbe state.
MUSICIAN ON DRUNKEN 8PREE
UNTIL FIR8T OF DECEMBER
Naval 8tores Markets at Jacksonville
and Pensacola Wilt Remain Open.
The passing of Jacksonville and Pen
sacola, Fla., aa open markets for na
val stores will not be a fact accom
plished until December 1. The Amer
ican Naval Stores company has noti
fied the factors that it would continue
to buy at Jacksonville and Pensacola
until that date.
ALLEGE WHOLESALE FRAUDS.
Election Trouble Still Rampant in Lex
ington, Kentucky.
At a meeting of republicans and in
dependents In Lexington, Ky., Wednes
day, it was decided to contest with the
democrats the result of Tuesday’s elec
tion for every city and county office
voted for. Wholesale fraud will be
charged.
Fired His Pistol Promiscuously and is
Landed in Jail.
J. Lewis Browne, organist of the
Sacred Heart Church, iu Atlanta, who
was arrested Wednesday night for pro
miscuous shooting, while on a drunken
spree, on complaint of the rector of
the church, appeared before a justice
df the peace and sent to the tower in
default of $6,000 bond.
DEATH CLAIMS M’COMA8.
Was Associate Justice of District of
Columbia Court of Appeals.
Louis Emory McComas, associate
justice of the court of appeals of the
District of Columbia, former United
States senator and for four terms con
gressman from Maryland, died at hls
home In Washington Sunday. His dehth
was due to heart failure. He was born ^
in Washington county, Maryland, lttflffl
LS4JL J'
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