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Atlanta Georgian AND NE-WS ATLANTA, GA., WEDNESDAY, OCTOBER 23,1907. PRICE: SUCCESSFUL DISHONESTY” IN CONVULSIONS Knickerbocker Will Reorganize Before Entering Business. FEAR IS FELT FOR OTHER TRUSTS O AERO RACE8 WILL CLOSE 0 a WITH AIR8HIP CONTEST. O 0 St. Lout*, Oct 21.—Aeronautics 0 O will be brought to a close this 0 0 afternoon with a race between 0 0 seven airships or dirigible balloons 0 0 for cash prises aggregating 22,500. 0 0 These are the entries: 0 0 No. 1—Captain Thomas H. 0 0 Baldwin, California, Arrow. O O No. 2—Charles Baye'redorfer, 0 O Omaha, The Comet. 0 O No. . 3—Captain Jack Dallas, 0 0 Toledo, Dallas. 0 0 No. 4—E. Jorgensen, Chicago, 0 Probably the largest crowd that hae gathered at, Piedmont park since the opening of the state fair filed past the turnetlles Wednesday and thronged the Midway and the buildings whero the various Interesting-exhibits are placed on exhibition. Wednesday Is "Atlanta Day" at the fair and right royally la the day being celebrated. In response to appeals Is sued by the fair management and May or Joyner many of the business houses of Atlanta closed their doors at noon In order to allow their employees to spend a half holiday at the.falr. They came by scores and hundreds and If outward appearances are to be taken as an Indl- O America. 0 0 No. 0—LincolnBeachy, Toledo, 0 O Beachy. 0 No. 7—8. H. Curtis, Hammonds- O port. N. T„ in Baldwin's twin 0 0 screw propeller. New California O O Arrow. O O The start will be' made at'2 p. O O m.. the airships leaving at Inter- O 0 vale of 2 minutes for a test of 0 O epeed and dlrlglblllty. over a pre- 0 0 scribed course of approximately 0 0 one mile round trip. 0 morning. Officials of the 'compa ny announced that they had on hand in the neighborhood of $11,- 000,000 in cash to njeet -the de mands. The state thanking:department lias taken charge of the Knicker bocker Trust Company and it is abnounced-tho'doors of that insti tution will not open today. ' Panic Spreading. Tin* money panic spread all oTar New York today and extended to other cities. Reneationei rutta were begun at the opening of banking hotiri on thf Triiat cjompnny of North America and He principal branch, the Colonial Trust Company, In the fit. Paul building. Runs were also negun on the Star Savings Hank In the Bronx and the Dollar Savings Bank In Third avenue.' There was u crash In the stock mar* ket, the slump ranging from on© to eleven points throughout tho entire list. . . Karly In the forenoon a run began on the Van Xorden Trust • Company at*59th street and 5th avenue. It wris reported also that the number of early morning withdrawals at the Morton Trust Company. In which Thomas F. Ryan Is a director, and at other insti tutions was exceptionally heavy. The market Opened this morning In a nervous state, owing to fresh anxiety in regard to the trust company situation. Union Pacific opened 2 3-8 lower and on sales of 7.300 shares ran down to 108. D. & II. opened off 9 points and fell 2 points. Southern Pacific suffered an Initial loss of 4 points. It was announced at the exchange today that the New York Stock Ex change would not close, alarming re ports or petitions to the contrary not withstanding. It was said there was 00000000000000000000000000 New York, N. Y., October 23.— The America, which in still un accounted for, was last seen last night over Cleveland. It is thought to be .tlijs.hallooji'^ep^teU .this were also seen at tho fair grounds Wed nesday afternoon. They, too. were grant* morpmg near Lcfc porfTNVTV so it has the best chance of. foin,- jwoUJty a* Atlanta day. the visitors to the fair were not made up entirely of Par from It. The Asbury Park. N. J., Oct. 22.—The German balloon Pommem landed here at 10:30 o'clock this morning. It Is believed that this establishes the record for a balloon flight, even made by the ritltens of Atlanta. — ... remotest section of the atate, from the northern boundary line to Florida, was represented, and clttxens from every county In the state assisted In smash ing the record of attendance. At they viewed the vast throng* that moved up and down the midway and kept the aide shows doing a land office business, President Cabanlss and Sec- retary Weldon were the happy victims of the smile that wouldn't wear off. and they expressed themselves as being more than pleased with the way the fair Is being patronized. The Indian snake dance, given by the attaches of Ranch 101, was the center (Continued on page two.) ROOSEVELT (In his speech at Nashville Tuesday)—“There has been* trouble in the stock market, ..'in the high finnneial world during, the past few months. The statement has been made frequently that the policies for which I stand, legislative and exec utive, are responsible for that trouble. Now, gentlemen, these policies of'mine can be'summed up in' one brief sentence. They repre sent the effort to punish successful dishonesty. I doubt if these policies have had any. material,effect in bringing about the . present trouble, but if they have it will not niter in the slightest degree my determination that for tiic remaining sixteen months of-' my term these policies shall be persevered in unswervingly. ,, J “If to arouse that type of civic manhood in our nation it were necessary to suffer any temporary • commercial depression, * I should consider the cost but small. All we have done has been to unearth the wrong-doing:. “It wns not the fact that it was'unearthed that did .the damage. 'AH I did wiis to turn on tlie;light. ' I am • responsible- for turning on the light, but I am not responsible for what the light showed.” . exceeding the French balloon from Parle Into Rueela. The distance In a straight line from St. Louie, to where the Pommem came down Is more than a thousand mile*. The German entry in the conteet had thus smashed all American record! for ballooning and for the first time had accomplished what was heretofore con sidered an Impossible feat—the croes- (Continued on page two.) /. LEE BARNES LEASES THE MAJESTIC; ■ WILL CONTINUE TO MANAGE ARAGON door* In It* present form, interest In Wall (treat wae switched largely to the Trust Company of. America nmt the — Secretary of Morton Trust CompapyX H the Treasury Cortelyou, who came from Washington last night, held at the Hotel Manhattan a conference lastlns far Into the night. Thle conference * e* attended by members of the Morgan firm, J. P. Morgan himself participating In the deliberations for several hours. Trust Companlss Anxious. President Thorne, of the Trust Coin pany of America, and George W. Per kins, after the conference, admitted the the condition of that concern was cans SPOT COTTON. Liverpool. ea«ler; 6.17. Atlanta, quiet: 10%. Sew Orleans, quiet; lie. New York, quiet; 11.90. Savannah, dull; 10%. Angnata, quiet; 10%, THE PARMENTER MILLIONS” BEGINS IN THIS ISSUE—READ IT FILLS FAIR Half Holiday Sends Thousands to Park. BULLOCH COUNTY x DAY THURSDAY All Day Singing to be Fea ture of Thursday at the Fair. Balloon Supposed To Be America Seen Near Lockport, N.Y. SECURED CONTROL OF CENTRAL RY,? Oakleigh Thorne Says Rock Island Did Not Get It. N.w York. Oct. 22.—Oakleigh Thome, Preetdent of the Trust Company of America, haa sold the control of the central of Georgia railway, which he purchased Jointly with Marsden J. Per ry. of Providence last July. Confirm ing his sale of the property, he aald 'bat It had not been made to Bock Island Interests. Mr. Thome would not give further Particulars of the deal, therefor# It la not unlikely that the Central of Georgia may have been sold to Harrlman Inter ests for the account of the Illinois Cen- 'ral, as this la the only large ayatem. **cept the Rock Island eyatem, which, from a geographical point of view, could use the property to advantage. If Mr. Harrlman haa ta taken over the Property and should lose his fight for control of the Illinois Central he would Probably be anxious to get rid of it aa soon aa pooslblt. The Illinois Central will within a few yeelca have a new line Into Blrmlng- n»m, Ala, where It could make con nection with the Central of Georgia, giving u an Atlantic coast terminal at Havannah. The Rock Island could tap the Cen tral of Georgia at Birmingham through St. Louis and San Francisco line running there from Kansas City. , Only recently there has been a row In the Central of Georgia caused by a protest of the preferred Income bond holders, who declared that a proper system of bookkeeping would ehow that 'be full t per cent dividend could be P»m to the holders of the first, second *ntl third preferred bond*. A number ”f conferences were held In this efty h*'»e*n the bondholders of the com pany. Mr. Thome and President J. F. , * n, °n. It was finally decided that the full | per c . nt , hm iid be paid to the ho'oer. of the first preferred bonds, something over 2 per cent to the second peeferrad, while the third preferred "lino me iniru i nonds should get no dividend. TO BE MARKED BY BIG CELEBRATION Dollar Dinner at Kimball to Close Chanler ' Day. I LLWto &IWVL3AWT ROOSEVELT T RAN PAST STATION THROUGH MISTAKE Special is Backed and Presi dent Addresses the Citi zens of Roanoke. Jesse N. Couch To Bel I in Charge of Majestic. 00000O000000O00000O000O000 6 PRESIDENT 8AVE8 BOY , 0 FROM DEATH UNDER TRAIN. O _ Roanoke. Va.. Oct. 21.—Presl- O O dent Roosevelt's quick work today 0 0 saved a boy from death under the O heels of his train. 000000O0O00000OO0OO0OOO0O0 Roanoke. Va., Oct. 23.—A mistake In train order* nearly cost Roanoke a chance to hear President Rooeevelt speak today. The executive was on the back platform of hie private car, ready to begin talking as the train rolled In. but the train passed the sta tion without stopping. The mistake was quickly corrected, and the presi dent's car backed up to the station. A* the train stopped a little girl waved her hand from a passing buggy and called, "I'm going to school." "That's right," said the president. "I have a little girl at home. She la going to school, too.” Then he spoke briefly on good clllxenshlp. The train arrived here at 1:10 o'clock and Is due at Washington at 4 p. m. The Majestic Hotel has been leased I for a term of five years by J. Lee Hames, manager of the Aragon, and will be'conducted by him on and after November t, with Jesse N. Couch In complete charge. Mr. Barnes will con tinue to manage the Aragon, hl» leaee on that popular hotel continuing until January 1, 1010. Mr. and Mrs. Ralph Van Landing- ham, the owners of the Majestic, which ta now managed by Mr. Van Landing - bam, will leave In a short while for a tour of Kurope. The lease of the Majestic was hand led through John J. Woodslde, the renting agent, and the rental for the five years’ term will approximate 21no,- 000. It I* stated by Mr. Barnes. The deglla one of the most Important of re cent years in real estate and business circlet and bears added testimony to the splendid business tact and methods of Mr. Woodslde. The Majestic Is a steel and marble building (Continued on second page.) PIdns are rapidly being perfected for the reception and entertainment of Lewis Stuyvesant Chanler. lieutenant governor of Newt York, who will arrive In the city at 2:15 o'clock Thursday aft ernoon. and will be the speaker of the day at the state fair Friday. Than the distinguished New Yorker, who arose to fame by his election while the head of his ticket wae defeated by *0,000 majority, few men In the whole Washington. Oct. 23.—President Roosevelt will nrrlve In this city at four o'clock this afternoon from his southern trip and from hla vacation In the canebrakes of Louisiana. The preeldrnt comes directly from Roanoke. Va, where he addressed a large crowd of citizen*. _ . , A number of government officiate will welcome the president upon hie return to the city. CHIEF JUSTICE M’SHERRY DEAD (Continued on second page.) Baltimore. Md, Oct. 23.—Chief Jus tice James McSherry. of the Maryland court of appeals, died today at Fred erick, MtL 00O0000OOO0OO00O000000O000 O NO BAD WEATHER O 0 18 IN 8IGHT YET. O a O 0 Ideal weather Is scheduled, and 0 0 present danger of rain and . cold O O has passed away. An area of 0 0 "low” Is traveling up the Atlantic 0 0 seaboard, but It Is Improbable that 0 0 It will have any effect here. Fore- O 0 cast: O O "Fair Wednesday night and V O Thursday.” O 0 Wednesday temperatures: O ..55 degrees O 0 I a. 5* degree* o 0 9 a. m 5* degrees O O 10 a. m. (1 degrees O Oil a. 03 degrees 0 O 12 noon. (* degrees 0 O t p.. m. .. .. ..70 degrees 0 0 2 p. 72 degrees 0 JESSE N. COUCH. He will manage the Majestic Hotel, beginning November 1. J. LEE BARNES. He will rontlnue actively In charge of the Aragon Hotel. 00O00OOOOOOO0OOOOO0OOOOOOO $1,500,000 CHECK CAUSED BIG TRUST CO. TO SUSPEND Sew York, Oct. 21—It developed today that It was the presentation of a cheep for 31.106,000 la favor of tbe Hanover Xntlounl bank that precipitated the anspen- ulon of tbe Knlckerliorker Truat Company. A hank meeeeuger with tbla check had been waiting In line nt the down town office nt 66 Broadway. When he finally reached the paying teller's window, he handed la tbe check. There waa a breathless delay, and then tbe money waa count ed out to him. . lie had not finished packing It In bln valise, when the pnylng teller • lose*! hla window with n final 1*0*. There waa a'tllt some rash left lu the paying teller's cage, hat It obviously was Insufficient to satisfy the demands of the long line of depositor*, and more money was not forthcoming. Oakleigh Thorne’s Trust Co. of America TYilLGet Help From U. S. k i vision had been made for all the rgah necessary and that the day would pass without disaster. Tho Morton Truat Company, of which Thomaa Fortune Ryan la the dominant figure, although former Vice President Levi P. Morton Is lta president, also in being keenly watched today. Deposi tors demanded and received 1100,000 from the Morton Trust Company In ths last forty-five minutes of business yes terday. . Ryan's Resignation Rumored. Rumors were rife that Thomaa. F. Ryan had been asked to resign'from the company and It was said In some quartern that hie resignation had ac tually been placed In the hands of the directors shortly after the exposure made by L. E. Qulgg before the public utilities board. These rumors were emphatically de nied by Levi P. Morton, president ot the Ryan company. Mr. Ryan made many trips from hla office In tbe Morton Trust Company to the office of Valentine P. Snyder, presi dent of the National Rank of Com- merce. II© made one trip without hla hat, waving off interviewers an he hur. (Continued on page two.) THE WEATHER. For Atlanta and Vicinity—Fair Wednesday night and Thursday.