The Weekly Herald. (Amarillo, Tex.), Vol. 22, No. 43, Ed. 1 Thursday, October 24, 1907 Page: 1 of 8
eight pages : ill. ; page 26 x 17 in. Digitized from 35 mm. microfilm.View a full description of this newspaper.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
The Weekly Herald
VOL. XXII.
AMARILXO. TEXAS THURSDAY OCTOBER 24 1907
NO. 4.1
N
EVIL DAY OF STOCK
JOBBERS IS HERE
Colossal Hew York Trust Companies Suspend Pay-
ment and Panicky Market Entases Big
Industrial Companies
! .
Atfodatsd Press.
New York Ort. 23. Anxiety over
the trust company and banking situ-
ation continued to cloud the busl-ne-s
horizon today although the ner-voui-nega
and alarm. so noticeable
ye:.terday n considerably lessened
by the presence of Secretary of the
Treasury Cortelyou In tho city nd
his promise to remain at the sub-
treasury throughout the day. Cor-
telyou's statement made lant night
affirming the strong condition of the
national bank In this city had a
very good effect on sentiment nd
served to relieve apprehensions of
business men thai curtailment of
credits might hamper the financing
of general mercantile affalri. 'An
unfaorshle development of the night
a s the new that 'he Trust Com-
pany of America one of the city's
larseyt financial Institutional with d-
poMtg approximating s.-ifl.ooo.ooo
t and total assets and liabilities In
exre:p of $60nnnnoo ha requested
aid of the hanks.
Bankers Examine American Trust.
Th run on the Trust Company of
America brgan this morning. It was
stated that the rnmpanj bad $12-
000000 In Its vaults to begin pay-
ment to depositors today. A com-
mlttee representing the banks began
an exhaustive examination of Its
book and securities this morning
and It Is stated that If the results
bear out th statements of Its of f i-
cers aid will be. extended in what-
ever amount may be required.
May Not Help Knickerbocker.
A crowd also surrounded the of-
fices of the Knickerbocker Trust
company this morning. In the hope
that if would resume payments.
' Bankers do not regard the position
of the Knickerbocker as very favor-
able and were Inclined to permit it
to go into liquidation.
Rad Break in csfinghou v.
Westlngbouse electric told down
to o at the Nw York stock ex-
change. This wa3 a decline of 19 i
from last night.
Pierpont Morgan to the Front.
J. Tlerpont Morgan parctiealty as-
sumed command of the financial cir-
cles today and Is now striving to
bring order out of chaoes and to see
what can be done to protect large
Interestg now In Jeopardy. Up to
this time there has been no organi-
zation among the trust company offi-
cers. Morgan and James Stlllman
President of the National City bank
are earnestly engaged In an effort
AUTO SKIDS 20 FEET
OFF CHICAGO BRIDGE
Associated Press.
Chicago. Oct. 23. An automobile
fkidded on the bridge over the Der-
plainen riyer near Tliver Forest yes-
terday and plunged into the river
twenty feet below. jts owner Fred-
erick W. Orlffin. dealer In auto-
mobile parts received Injuries from
which he died at midnight. The
other occupants of the automobile
escaped by Jumping.
WESTERN PACIFIC ELECTS
New Road Is Pushing Extensive Op-
erations. Associated Presa.
San Francisco. Oct. :3. Stock-
holders of the Western Pacific rail-
road company held their annual
meeting here yesterday and re-elected
the present board of directors.
Five hundred and twenty miles of
the route has been graded between
Salt. Lake Citv and San Francisco
240 miles of track Is laid and work
hag commenced on a 1600 foot tun-
nel near this city.
to bring about co-operation among
these Institutions.
State Takea Charge of Companies
Announcement was made today
that Oaklelgh Tborue president of
the Truat Company of America bud
sold control of the Central of Georgia
railroad which he purchased Jointly
with Marsden J. Perry last July.
Thome declined to say to whom the
road had been sold but b denied that
the sale was to the Hock Island in-
terests. Over fiOO persona crowded the of-
fice of the Truat Company or Amer-
ica when the hour for opening ar-
rived. Acting State Superintendent of
Banks Skinner took possession of th
Knickerbocker Trust company today
under th advice of tbe attorney
general.
Close Exchange ia ritteburg.
Associated Press.
rittsburg. Pa.. Oct. 23. The
Pittsburg stock exchange did not
open this morning because the mem-
bers deeming It advisable that the
exchange remain closed temporarily
owing to the demoralised feeling In
Weatinghouse Electric A meeting
of the members U being held and
tbe exchange may be opened later In
the day. '
Stock Jobbing Company Involved.
President R. C Hall of the ex-
change issued the following state-
ment: "The Security Investment com-
pany finds itself involved. This will
necessitate a temporary suspension
or receivership. Th Wertinghouse
Electric company -and the Westing-
house Machine company and the
Ernest Lamp company all manufac-
farturing companies are In absolute-
ly solvent condition. The condition
of the Securities Investment com-
pany will in no way affect the Union
Switch and Signal Co. and the Weat-
inghouse Air Brake company. 1
would like it explicitly understood
tBat it was at th" request of the
Ptttaburg clearing house that we have
suspended trading temporarily."
Westing-house 'Will Poll Through.
A petition for receiver for the con-
cerns named it is said will be made
today. Bankers Interested express
no doubt about pulling the compa-
nies through successfully. Their em-
barrassment Is attributed to ina-
bility to secure funds on account of
stringeney in the money market. The
amount Involved wll run Into millions.
RINGLANDS HAVE
THE CIRCUS WORLD
Associated Press.
New York Oct. 23. Tha an-
nouncement was made at the Bar-
num & Bailey office yesterday that
Ringling Brothers the western cir-
cus men have secured poessloi of
Barnum's greatest show on earth
and that hceforth it would be run
In connection with their other are-
nic enterprises. The sale wag made
In London yesterday. This transfer
leaves the five Ringling brothers
positively without a rival In the
world.
GEN. BOOTH RECOVERED.
Will SUrt on . Wet-tern Salvation
Army Trip.
Associated Press.
Chicago Oct. 23. General Wil-
liam Booth head of the Salvation
Army who has been ill in this city
will start on hle'western tour today.
He has recovered his health almost
completely.
m
1
mm
mi
STIS8 TOW ZTJGEm maloniy who eloped with
- SAMUEL CLASKSON.
MISS MALONCT. daughter of Martin Maloney. a $tsndard Oil million-
aire eloped recently with a youac Englishman named Samuel Clark-
aon and tba coupla were married by a notary public In Montreal. If Is wild.
Arthur Herbert Osborne a New York broker declarua tbat be and Miss
Malonay were married at Mamaroneck. N. J on Tee. 2S lfX.
THE VALUE
OF TRUSTS
President Butler of
Columbia
Galls Attention to Pos
slbllltles tor Good
Associated Fresa.
Chicago Oct. 23. The second day
of the convention of the National
Chic Federation wa devoted to a
consideration of the. corporation its
construction and t te regulation.
Butler Critlw Sherman Law.
That the Sherman anti-trust law
commits the nation to a policy which
Is too extreme and that the time may
have come when the act should he
amended In a day to relieve some of
the liraltatlonH upon business activ-
ity which the act. imposes was sug-
gested by President Nicholas Murray
Butler of Columbia university in an
address welcoming the delegates to
the convention. He said that the
not so much to relieve the ior-
no tbe so much to relieve the cor-
porations as the people themselves.
He suggested that it. might thus be
possible for the people to secure for
themselves the benefits which come
from co-operative actlrlty as mani-
fested in corporations and by agree-
ments between corporations without
in any way lessening the protection
which all desire against the evils
which have followed upon the crea-
tion of great corporations and upon
agreements between them in restraint
of trade lie taid in part:
Beneficent Growth of Cnrmrationt.
We are here to try to shed light
upon some of the mont difficult eco-
nomic and political problems of our
tim. We rid not expect to solve
them ttut It Is not too much to hope
that wc may contribute something
toward their solution. One of the
most heneflcent results of the devel-
opment of the nineteen! h century whs
the rapid xrowth of the corporation
as an instrument for carrying on In-
dustry and commerce. Kxperlence
had shown us however that we have
not been entirely successful as yet In
adjusting our public administration
and our legal theory to th situation
which the multiplication ad growth
of corporations has brought about.
Not only has there been in far too
(Continued on Page Three.)
a .... mm
J.-J Li.
ONENESS OF
Dallas
Fair Party Will Uver
tise "Resources and Impor-
tance of Plains Country
Although Amanllo will have mora
reprerentatlve:. than any other one
town in thr parly on the special train
which leaves here Friday night the
prirlt of th" advertising end of the
celebration In going to be for the
great Panhandle as a wholo rather
than for anyone town or country. The
fact that the people of the whole
Panhandle are of the same kind that
the whole of the Mg plains country
is the same in "language customs
laws" product and vast possibilities
will lend Itself to making the va-
rious delation on the special train
one big enthusiastic party that will
prove the most effective meann ever
t.erured for (ocusslng attention on
the importance of the plains com-
ruonea!tn. Headquarter at Oriental.
Headquarters for the Panhandle
party have been tccured at the Ori-
ental hotel. Accommodations for a
number have already lien reserved
at this hotel and it is likely that
other reservations nlU be made at
tho Southland. Rates at. the Orien-
tal are $J. 50 American pln and at
the new Southland am $2 up Eu-
ropean plan. The Oriental Ih t lie
acknowledged and established head-
quarters for the fair functions and
for various big organizations during
celebrations In Pallas.. Mail for
members of the party message and
all Information having to do with the
party will be given ryit. hro and
from here the various committee;
ill direct operations.
Already many people from Ania-
rillo and other Panhandle town are
In Dallas and many of these expect to
join the special train party there on
Panhandle Day. A record giving
Home peii?ral facts about. 1 tic location
of all the members of the party will
be kept at the headquarters and in
this way Tanhandlei-s already in Dal-
las can get together with those who
go down on the special excursion.
Rates From Other Town.
In addition to the rate concessions
noted yesterday applying to towns on
PANHANDLE
the Denver north of Amarlllo there
lll be rates on the. Facos Valley
and on the Southern Kansas for pas-
ien?crs from points on those lines
to join the apodal In Amarlllo.
Every provlhlon possible for tha
comfort and accommodation of the
pa:.t-engorn on the Fpndal train la
being made. Besides Traveling Tas-
fenger Agent SlmmonB who wilt ac-
company the party there will be
four train manager appointed by
the Chamber of Commerce to asulM
in all arrangement during the trip.
A .MEXICAN CHECK RUSER.
Officers Here Arret Laborer Wanted
In IliKgins.
Constable Keeion today arrested
a Meiilcau who U badly wanted by
a trusting store man in Higglns and
by onn In Panhandle There may
ho others In other placen who would
like to have n accounting with this
man too hut up this time they have
not registered complaints.
" At Mlgginb th other day. the
Mexican who Is a laborer on the San-
ta pe construction iork. cashed a
Sanu Fe check which h had raised
from a small amount into one consid-
erably larger. A' Panhandle a few
days ago he repeated the operation
with a Its check which he fashioned
Into on for $4iS by a change of a
few lines. In Amarlllo this morn-
ing be again attempted to pass a
raised check but the officers who
have been on the lookout for him.
were notified and the forger was
promptly taken Into custody.
The work on the checks was clum-
sy and I l surprising that it suc-
ceeded. The man simply changed
the figures and did not Interfere with
the amount written in the check.
Jn one instance he changed hU
name allgbtly and In another ha
changed his number from 19 to Ml.
His seeming success lth the first
attempt led him on to the later of-
fense but detection was prartically
certi fn and t ..was. reasonably sure
that the company and the officers
would finally catch up with the steal-
ing and locate th man.
Death of Mr. Buck Wateon.
This afternoon from the residence
103 Harrison street Rev. C. N. N.
Ferguson pastor of the Methodist
church is conducting the funeral of
Mrs. Buck Watson who died yester-
rtny after a long Illness from typhoid
fever.
"' Mr. Watson was born In Kirks-
rifle Mo.. In 1M and but 23
years of age at the time of her
death. Her husband and three chil-
dren the youngest of whom is a three
months old baby are the most sorely
bereaved at her Io:h but the circle
of friends who knew her. share in
grief over her untimely death.
NEW MANTI ACTI R1NO COMTAW
Dausman & Vernon of Goshen Ind.
Organize Metal Working Concern.
O. Wlnfred Dausman and Harry
E. Vernon formerly of Goshen Ind.
aire the promoters .of a company
which Is now ready to begin opera-
tions for the manufacture of gal-
vanized steel tanks tubs buckets
and practical every article made of
galvanized steel. Besides eastern
capital the promoters have Interested
several local business men and a
deal is now on foot for a factory site
near one of the railroads so that
sultahle tjiippfng facilities will be
secured.
In equipment the plant will be
supplied with tbe mont complete and
modern machinery for the purpose
and Its capacity will be sufficient to
supply the jobbing trade in Amarillo
and over the ranhandle rountry.
Both Mr. Vernon and Mr. Dausmsn
ace well acquainted with the galvan-
ized steel business. Mr. Dausman Is
an expert in the mechanical part of
the business and ha" had long tratv
inif in the largest plants of the kind
In the country jt will be somewhat
difficult to jrt for some lime all
the machinery the company desires
but the managers expect to get their
plant In full operation und their
product on the market by the latter
part of January.
The report comes from Austin
that tbe pii.tol dealers in Texas have
gone out of business hs a result of
the so per cent tax on sales. Those
provincial Austinites are easy. Tact
Is the dealers everywhere are leas-
ing pistols for ninety-nine years at
the ancient purchase price. One at
least of the legislators who voted for
the bill is a habitual gun toter.
El Paso Herald.
BALLOONS BREAKING
ALL WORLD RECORDS
From St. Louis to the Atlantic for the Bennett
Prize Aeronauts Are Ending Successful
Flights
Associated Press.
St. Louis. Oct. 23 With favor-
able weather conditions late this
afternoon the St. Louis aeronautic
carnival will be brought to a rloe.
The important event on the program
is the race lor dirigible balloons or
airships with four big motor pro
pelled eagle shaped craft entered for
the prlre of 11100. There will also
b various aeroplane contests and
exhibitions during tba afternoon.
These were planned for Thursday
but It wis decided to combine the
flying machine groups into one day'a
sport.
Balloons Are Breaking Record.
The balloon Abercorn was the
smallest In the race and has the dsl-
tinciion of having crossed the Alps.
It was piloted then aa now by Paul
Mcekel.
The James Gordon Bennett cup
will tbe awarded the balloon that has
covered the longest distance from St.
Louis in a straight line regardless of
how long the balloon may have been
in the air or bow many miles it his
actually traveled. The recordg for
flight distances and for duration In
the air are being broken by nearly
every balloon in the race.
. Ocean Stopped the pommeron.
The German balloon PotL&ieron
which landed at A6bury Park covered
an air line distance from St. Louie of
SSO miles and at neon appeared to
be In tbe lead. Oacar Erbeloch Is
pilot of this balloon which did not
descend until it actually confronted
the ocean. If might easily have ex-
ceeded the world'a record for flight
of 1.200 miles if this condition bad
not been encountered.
Thrc Seen in Philadelphia.
Associated Treat.
Philadelphia Oct. 23 Three bal-
loons that left St. Loula Monday
afternoon passed over this city this
morning. One was positively Identi-
fied as the German balloon Tom-
mem which waB seen at Cleveland
yesterday afternoon. Another was
Identified as the English balloon Lo-
tus which rassed over Wheeling
W. Va.. yesterday. A note dropped
from tbe German balloop reads:
Traveled a. Thousand Miles.
"I am 8000 feet In the air and
have traveled 1000 miles. Am try-
ing to make Atlantic City."
CORNER STONE
LAYING AT CLAUDE
Special to Dally panhandl. -
Claude Texas Oct. 23 Arm-
strong county was visited by a fine
rain yesterday evening and the night
before and more is expected today.
Prospects fine for wheat. The acre-
age of the county has increased at
least. 20 pcr cent over the acreage of
last year.
Mr. T. W. Lanham of your city
representing the i'ort Worth Life In-
surance company L in our town to-
day. The corner stone to the Claude
Independent school hulldlng will be
laid by the Masonic lodge of this
place on next Saturday. A B Spen-
cer of your city will assist t h 3 home
lodge In the ceremonies. Quite a
large attendance Is expected no
only from the lmm"diate vicinity buf
also from the other nearby towns.
The building when completed will
cost not lets ba $16500.
Meyer Purchase Barber Shop.
CVrles Mayer has purchased from
t L. Welch the Monarch barber
shop in the Mayer pool hall. Mr.
Mayer takes charge of the shop and
bath rooms at once and as he already
has charge of the pcol halt proper
the change will make no material
difference in the bualnetj.
Tha third balloon was not Identi-
fied. All were traveling In a north-
efcterly direction and unless they
meet with accident UI land on tbe
coast within a few hours.
The balloons were seen by peo-
ple In all parts of the city and creat
ed intense Interest in some place
the crowds watching the balloons
were s great that street car traf f :o
wa4 lnteiferred with.
Abercorn Tasees Wllmlngf
Asaoclited Fresa.
Wilmington Del.. Oct.. IS. Thl
flerman balloon Abercorn crossed
the Delaware river a short distance
above Edgemeer thla morning go-
ing northeast at tbe rate of about
ten miles an hour.
Pomniern at Asbury Park.
Aeaoclated Press.
Asbury Park. N". J-. Oct. 2. Tha
German balloon pommeron landed
here about 9 a. m. today.
rusaldorf Landed at Dover.
Associated Press.
Dover Del Oct 23. A Germaa
balloon thought to be the Aher
corn landed t Little. Creek three
miles frombls city. this morning.
The 'balloon that -Un-1 n:rrJ:) .
turns out. to be the Dusseldorf. not
the Abercorn. -T " .'.-j
Ffejich Balloon rovers f 200 Miles.
Richmond. Va.. Oct.. 23. A French
balloon landed two miles from Ar-
menlur. it had covered In it8 course
about 1200 miles. Y1. ' ..
American Near AnruipolU. x
Baltimore. Md . Oct. 23. The
balloon America with Chandler as
pilot landed at 8 o'clock this morn
lng at Patuxent two and one-half
miles from Annapolis Junction.
St. Louis Landed in Maryland.
The American balloon St. Lolus
with Hawley and Pont aboard land
ed about a miles south of West Mln
later Md. at fi: 40 this morning.
The fit. Louis could have Ire-"
malned In the air much longer but
the atmosphere w-as very foaiy and
the pilot fearing that the balloon
wag approaching the ocean decided
to descend at West Minister. West
Minster is twenty-eight miles north-
west of this city in an air line.
LYNCHED IN MISS.
FOR INSULTING GIRL
a
Associated Press. ...
Okoluma Mlts. Oct. 23. Chargat
with having insulted a young whit
woman and threatened her life Hen-
ry Sykes a negro was taken frnia-
the custody of an officer near Van-
vlet five miles from hore last night
snd hanged to a tree. The negro it
is alleged made Improper proposals
to the young woman over a telephona
and threatened to kill her If she did
not aeceed to his d"manda.
GRIFFIN PI RCHASLS INTEREST.
3. E. Bhins Retires From Griffin
& Divine.
J. E. Griffin has purchased th
interest of his partner J. E. Bivlns
In the grocery firm of Griffin &
Bivins and "1 continue the buskers
under thn name of tho Griffin Gro
eery company. Mr. Bivlna will re-
tire from the business here owing t
demands elsewhere upon his time.
The Fort Worth & Denver Cltyj
Railway company will sell seven car
loads of sh.ck coal on cara at publio
auction to the highest bidder at th9
Union Depot freight offices 10 a. n)
November 15. 1907. . .
73 la JX T.-W.-WHITJiiirt
-: !..'
-a'
I-.
la.'
mm naiaii .at p .
H "' V "'
I
t t
ev-vv
wTvr
V
s- IV
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
The Weekly Herald. (Amarillo, Tex.), Vol. 22, No. 43, Ed. 1 Thursday, October 24, 1907, newspaper, October 24, 1907; Amarillo, Texas. (https://texashistory.unt.edu/ark:/67531/metapth281649/m1/1/: accessed March 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .