Iola Daily Register And Evening News from Iola, Kansas on November 12, 1907 · Page 4
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Iola Daily Register And Evening News from Iola, Kansas · Page 4

Iola, Kansas
Issue Date:
Tuesday, November 12, 1907
Page 4
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CIBCUIATION. 4.000. Reporters' Room 222 BusineBS Office i J8 SihlSCRIPTION. BATES. Bj Carrier la lobu GM Ctty, Lanyoi* TlUe or la Uarpe. -'' One Week 10 cenU One Month 44 ceoU One Tear |6.00 Bjr MttlL One Tear, in advance $4.00 Tliree Montlia, In advance fl.OO One Month, In advbnce 44 Entered at lola, Kansas, Fostoffice, as Second-class Matter. AdverUsins Rates Made Known on Application. OFFICUIi PAPER, CITT OF BASSET. XEXBER OF ASSOCIATED PRESS. The loU Dally Register Is a member ef the Associated Press and Receives - the i»j report if that great news or. gaaliatloB for Exrinsive Afternoon Pablkatlon in lola. ABOUT. FINANCIAL TROUBLE. Henry Clew*, the New York Banker, Tells About the Effects. (By Henry Clews.) New York. Nov. 12.—A much better feeling exists lu New York owing *ery largely to two circumstances; -ftrst. the engagement of over H3,0n0,- 000 of gold, and second, the saving of two big trust companies from suapen- Bion. Other laciorlea also tended to give relief, such as the clear-headed control of the sifuatlon exercised by srrong financial leaders, and the timely assistance rendered by the Oovem me'nt at Washington. In consequence of the«o developments, the security niarkets, though quiet, have shown a BubsUntlal recovery, fhus niaterlaMy facilitating the llcnildatlon which lias been necessary in various quarters •While the sirain upon New York has- thus been moderated and the crisis apparently passed without further dis aster, the Hnanclal pressure ha? spread to all parts of the country with varying severity. In all of our prlnci pa) cities the monetary stringency, though less acute iTian in New York has been exceedingly pronounced, calling for aimllar methods o(^ relief to t^ose adopted in this city. The sitU atitHD, moreover, was seriously aggravated by the dispoBiUon of the public to hoard currency; but this evil, which Is a feature la all panics, is gradually disappearing and the ship of finance, though badly crippled by tbe recent storm, is emerging in muct. better condition than anticipat.^'d. Now that the worst is over, the nclversal question asl>ed is, what must be now expected. All previous panics show that after the acute stage of crisis was passed a substantial re oovery followed on tbe Stock Exchange, to be succeeded by a period of more or less inertia and depress ion. There is no reason to antici pate any departure from this rule in this panic, although the conditions are not precisely similar to tnose of previous crises. The one saving feature in the situaiUin is the general sound ness of oer banks. These inBtitutioius though in the past not always managed on the lines of strict prudence, are now UE a whole eminently sound and have endured the tremendous strain of the last- few weeks In splendid fashion. Dishonest management has been thoroughly eliminated fn)nJ i >ur bankr and railroads and It Is safe to say that Botmdness and lawfulness were never more prova'ent In theso Instltutfous than today. There is no reason for di&trusc In this quarter. The weak- CEt element in tlie financial field has; been amonest the trust companies which bad entered the fl^d of banking in competition with the banks, but without the restrictions and safeguards lof the latter. A breakdown in this quarter lias long been expect ed, and one important advantage from recent experiences will be that in the ^future all trust companies will have 'to be managed on sound and con aervative lines. The effects of the financial disturbance are now extending into the commercial world. For self-protection, the banks are compelled to materially restrict their credit operations. ' Many business concerns will consequently have much difficulty in renewing oblgiatlons, and business will naturally be oompel'ed to contract more or lera in accordance with the rea- tricUon of credit. How far this con traction will go and with what consequences it is impossible to predict but the sooner the fact is (ecognized that general business musit take its share of the present depression which has lalle^i upon Wall street, the bet• ter for all concerned. Everything poBBtUe should now be done to re- twl'd cantfdmoa anA credit. Hoarded •honld be twtored to the iai -order to eoiible ihldr. ^MBt'txuA the aMomodatlons vhldil tt to their bnatness to fomMK. It 'll sheer folly to take money out oC the banks and hide it in atoclcingB or safe deposit boxes. If depositors are nn- willing to Invest their funds .they should put them in aound banking ln< sUtutlona, of which there are plenty, and not deprive tbe community of the life blood of oiMnmeree. Iiet these hoardings be put back into the banks, so that ttie latter can exercise their legitimate fnnctiona of girins credit, and recovery will be quickly expedited . Gold importers will do much to relieve the situation, and tbe further expansion of the currency now con templated will temporarily counteract the boarding tendency, but the limit of assistance from these sources has been almost reached. We must now look for liquidation fn other direo- tlons. Commodity pr'ces nnist decline and we will be forced to find a market for all the surplus products— wheat, cotton, etc.—^ven at the expense of lower prices, if necessary, it Is only by such contraction and by bringing our markets down to a lower and moi« normal level that; we can avert further disaster. This process oT Teadlnstment may be nnpleasant but it is Inevitable ,and will in due season put the cotmtry on a better and stronger basis for a fresh forward movement. The country mii.'st have lower costs of production, and this means lower prices for comniodltiea and- labor. After enjoying a period of nearly thirteen years* uninterrupted prostjerity and rising pricea and wages, it is but natural to expect a movement In the opposite direction. On the down grade because of resistance the reces^on is usually violent, and conaequsntly less protracted. It Is to be hoped that we have seen the worst of the panic, although not the end of reaction, and fortunately there are many features of encouragement, which were not in sight a few weeks i^o. While there are no prospects of easy money f<>r some time to come >he sfriafei'cy show.s some KIRIIS of abatement. Ve have now drawn more than Ha'lOd.omi of sold from broad which l«= »>elns- "cattered all jver the United States. In some quarters it is anticipated that the imports will inci-euse to $.50,000,000, but that depends on the course of affaira abroad. The advance of the Bank of England rate to the unusual figure of per cent is significant. It is the highest rate since 1873. The advance oy the Bank of France to 4 per cent and the Bank of Germany to 7% are «iso signs that the foreign markets have parted with about as much gold as they can afford. Perhaps we may have to get on without further European assistance, especially as Europe has dliBculties of its own to meet. There is more or less danger of a crisis in Germany where there has l)een great industrial expansion. Paris .'•as shown much willingness to help London, thus placing the latter in a position to aid New York, but it is luite evident that we have almost run *o the limits of our tether la getting ?old from Europe. The bulk of this ;o1d win soon be in the banks, enabl- 'ng the latter to extend their credits to the extent of between |l.'iO,0(JO.OOO ind 1200,000,000. This is ver>- siibstan tial and practical relief. It Is questionable if it is good policy to continue this raid upon European gold, 'f prolonred it Will provoke rcsent- •Tient abroad and. tend to delay the progress of readjustment on this side which Is hofli Inevitable and desir- ible. If we iierslst, and pay no heed 'o European warnings, foreign bank•.n w.ll iK'gin to send back our securi • es. Instead of gold, at a time when *c are In IM> condition to buy them Moreover excessive gold Imports wl'l fend to Inflation later on when th:> crl.sls ia past, and very likely to heavy Wld exports In the coming spring, es- (itc'ally In view of th? further ex nansion of an already redundant cur rency. We had belter bo satisfied for the preent with our recent Ilber- il acqiilBltlons of gold. GIVE FREE ENTERTAINMENTS. Rev. Harnlsh Has Purchased Stere- optican Lantern. Free church entertainments are becoming very common in lola and a^ the present rate of increase the entertainments of that character will make it possible, in a very short time, for the lola people to have free ?ntertainment often. Rev. Harnish. pastor of the Reformed church is tbe last to adopt the p'an of giving free church entertainments. He has purchased a stereop- t'can lantern wblth he will use for entertaining the «oaffegaUon. The first lecture is. to be given next Thurs day night at the church and the Eub> ject of tbe lecture la "Around the Wtorld in Blg^ity Minutes." Tbe Y. M. C. A. and the Methodist church have been |givlng free enter- taiomeots tor several weeks. Rev. MarMab expecta to give fafai lectures at Laayoa Center and Petrolia. Coais For Ladtoat For Mloooar For OMIdroai ClSXINCTlCNwoRcss ConAiCHr iBo:* ay ^'ij-'z Any garment that bears the label of "Printzess'- is a self-gnar- antee ttiat the garment is perfect in material and workmanship, tailored by skilled workmen, made of dependable cloth, thoroughly shrunk. Should any garment prove not as above represented, we agree to restore it to perfect condition, or to exchange it for a new one when returned with its original label. I WL ARE |JAC£NTS| foH TMC ADIE$||OMEJODKN4L ^^ly KWttLV 5TTt.e 800K THEY .SAW THE KA>SA.S .VINES. OENKKAL BOOTH'S «iM»D.BTE Delegates to the American Mining Head »f the Suivation Army Bids I'ougress on a Trip to tialeiia. | tare well to America. Joplin. Mo., Nov. 12.—The first session of the American Aiining congress wlilcU convened In Joplin yesterday, was held last night at thq new Auditorium, tbe opening address being made by Governor Folk. An address of welcome on behalf of the distric* was made by iliajor J. F. Osborii. Delegates and visitors arrived throughout the day and before night about 200 delegates had regisieced. The initial day o( the con;;ress was devoted to the reception of delegates and a motor car trip to Galena. Kas., where a banquet was spread at noon. Several mines in the Western part oi the district were insitected. Mayor J. F. Osborn, In welcoming the visitors and presenting the keys to the city gates, gave expression to a striking compliment to the Missouri- ^BAOsas lead and tine district in the 'declaration that strikes and latior tro;i bies are practically unknown herf. and tliat whenever the shoveler becomes disAatisfied with his cimdlUon in life he Iminedlaiely locates a digging of his own jiiut (icrouies :ui u |ipr- aior. GIFTS TO REV. MIS3AM9HE. Reception Was Held at U. B. Church on Saturday Evening. The following Dre .sents were given lii-v. MIssamure. piistor of the United Hielhcru church, of this city, at a rfCC |itlon which was held In the church last Saturday nlglit.. The evening was spent .socially, those present reporting an excellent time. One hat, ten chickens, dry goods amounting to llS.ti:', cash to the amount of $7.37, two bushels of potatoes, one bushel of turarps, IGO pound.i of flour. %r, worth of sugar. $35 worth of soap, $.^0 worth of lard, beans. 30 quarts of fruit, four t)onnds of coffee, bread, pounds of hona.v, raisins, salt and other va'uables amounting to be- tnew $50 and $5r, worth. New York, Nov. li'.—At a monster open air demonstration tSeucral Bo<ilh. the founder of the Salvation Army who Is to sail today for Kuroiie after wli.^t probably will be his last Anierl- 'can "campaign." bade his .soldiers Iji .this country and the American people i generally farewell. General Booth jmade his final address from the steps of the city hall- fie was siurrouuded by hundreds of imifonued followers. Thousands of adherents and friends ff the Salvation .\rmy bearing flags and torches i)!iradcd from the army headquarters In Fourteenth street through east side to the rity hall park. When a near approach to order Was secured General Booth addressed the assemblage, three niegajihonlsts stand lug before him repeating his words In unison. After the meeting General llooth dictated to the .Associated Press the following farewell words t<i the people of America: •Farewell America. Von have given me a right generous welcome on this visit. I have seemed to come nearer to the heart of the nation than on any other occasion. Fain would i havr stayed longer with .vou. Indeed, 1 would liavi! wished .some metlio<l might have been Invented by which I could have been constituted one of your own sons and so taken a practical step toward tlio realization of that fatherhood of the people which mtist of necessity be the first step to that brotherhood of nations on which so many hearts are set. Hut 1 understand thlt to be impossible without .sac^rlfifin>: my fatherland. .My visit has been a busy and 1 hoiie a useful one. It ha:^ served among other things to reveal to me the fact of the improved understanding as to the object and method ol the army on the ground with the existence of a higher appreciation of Its value and Influence." CALEB POWERS TRiAL BEGINS. More Than 100 WUnessea Subpoenaed in Celebrated Case. Georgetown, Ky., Sov. 12—The trial of Caleb Powers, charged with complicity In tbe fissasslnaiion of William Goebel, was called today, but oa- <ng to the absence of commonwealth witnesses, was postponed until tomor- rok. Over 100 witnesses for the pros^ ecution were called bnt only about a dozen were present. Both sides ap- pfared anxious for trial. Begbter Waat iii, le a Word. A FAST FREIGHT BROKE IN TW6. Six Car* Ran DONMH a Grade into An other Train Near Ottawa. Ottawa, Kas.. Nov, 12.—AVJille running at high si>eed to make a siding at Richmond ahead of the southbound passenger train, a fast freight train on the Atchison, Topeka & Santa Fs broke in two last night. Six cars went down the grade near Tanner and collided with an extra freight, which was followinej the regular for the siding. The caboose of the running section, the locomotlvp of the extra and several cars were demolished. The rrainmen escaped Injury- Miss PIor!ne Wheeler will be hostess to the Young I.adles' Card club next Saturday at her home in Hassett. Bagfater ffut Hfc. le a IfarC NO SICK SOLDIERS TO SEA. Men Having Contagious Diseases Won't Be Taken to Philippines. Washington, Nov. 12.—^Hereafter v.hen troops are ordered to prepare for service beyond sea company commanders and' medical officers will be directed' to see that those who" have any infectious or contagioirs diseases are rejwrted for discharge or transfer to other commands. Persons so affected will not be taken on transports. All troops to the Philippines or Cuba will, before (heir departure, be required to provide themselves with certain certificates showing they have been Inspected and are protected against smallpox. JAPS PREPARE FOR BIG FAIR. National Exhibition in 1912 to Cost $10,000,000. Washinston, Nov. 12.—The .lapan embassy was advised today that the nrtloual exposition of IHJS at Tokio would be held between April 1 and October :tl. thus covering both the chrysanthemum and cherry blossom season. The national budget Inclitdes an ap- IJToprlatlon of $5,000,001) for the pur- jKtse and with the appropriations expected to made by Tokio and other budgets, the aggregate appropriation probably will reach $10,000,000. The grounds will embrace 2.';0 acres, of which almut thirty acres will be cov- ond by buildings. NO CHECKS GO WITH CALVE. The Prima Donna Demanded $2,000 in Cash in Oklahoma City and Got IL Oklahoma City, Ok.. Nov. 12.—Emma Calvf, the grand opera singer who appeared here tonight in concert, demanded and was given $2,000 in currency for her appearance. The financial situation has disturbed the prima donna. Recently she called up herj banker in New York City by telephone^ and talked over financial matters. She, talked $56 worth before she- was satis-1 tieii, and now she accepts only cash .l PROFESSMALDIRECTORY W. H. lin>£B802r, Attoraey-at-Law. Notary and Stenographer In Office. • Phone 4B6. H. A. Ewlstg. S. A. Card. O. R. Qard • £WP[6, CARD A 6ASD, • ; Lawyera. • Practice in all Cowta. • 9)& W. Madison. Phoaa SM. * DR. MeMXLUSS, • Special attention given to the * treatment ol all Chronic Disea*- * es and Diseases of Children. • Telephones: Office 32, Rea. 232. • Office la Mrs. Turnier'a Bldg., • West Madison. * Pbona M7. , Rea. .DR. 0. L. GOX. Bjrt, Ear, Nose and Throat. •p4etaele9 Properly Fitted. Office A. O. U. W. Bldg. 701. Office Phone 1083. DR. R. 0. GURISTIAJT. Pkyatelaa and Snrgeoa. Rooms 7 and 8. Erana Bldg. Rea. TeL 198. Office Tel. 163. * DR. J. B. PEPPER. • DenUsU • la permanently located over • E. C. MoCIain'a'Clothing Store, * and la prepared to do all kinds * of ui^co-date dental work. • • Elvenlng work by appointment • • Phone 654. lola, Kana. • • DR. SDITU 8. HAIOH. • *. Office and Residence over Bur- * • rell'a Drug-Store. • • Office Hours—10 to 12 a. m., I • • to 4 p. m., 7 to 8 evenings. * • Sundays by Appointment, • V. H. HARTUr. *; Practice Limited to Sargarjr. * • 1« N. Buckeye. Phone 57f. • r DR. W. B. HETXMUir. < Phyalelait.A Sargeea. • * Office N. £. Corner of Square. * * Over K. C. Plmnblng Co.'s Store. * • Res. Tel 38. Office Tel, fi02. • • • • P. L. Lathrop. • Mrs. Bessie O. Lathrop. ' OSTEOPATHIC PHX8ICIAXS. * Special attention given to Dis- " eases of Women and Children. * Over East 'Side Hardware. • Office 'Phone, Main iSS. • SHOWS BIG CATCH. F. E. Smith Hat Received Picture Postal from Frank Travis. Ffank Smith has receiv^ a post card fron» his partner, Frank Travis, who is speadlng hla vacation, in Texas. On the card iaa picture of Mr. and Mrs. Travis holdtn; np a fish some four or fiva feet In length, Mr. Smith has been. vondering since how much Frank had to p.^y for the loan of the big fish wbHe he was having his picture taken. He baa <0een fishing enough with bis partner to feel reasonably sure Ih.o.t Travis did not catch tUe fish. LOXG TO PAY *6« A YEAR. XuKt Support Child of Girl He Wronged, .Says the (^ourt Recfater Want Ailii. Pay beeaaae tai iUes Qoumtr nearly ererjrbody reals tkaSaftstcr. . Bert Long who was found by a Jury ^ some time ago to be the father of a 'child born to lola Brown" must pay •$720 at the rate of $60 a year for the maintainence' of the child. This was the order of the court when the matter came up Saturday afternoon. Both partlea live in the south part of the county. The child is nearly three Vyears old. 4^

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