Amarillo Daily News (Amarillo, Tex.), Vol. 3, No. 16, Ed. 1 Wednesday, November 22, 1911 Page: 1 of 8
The following text was automatically extracted from the image on this page using optical character recognition software:
' s. t
AMARILLO DAILY NEWS
VOIi III. NO. !.
IMIRII.LO. TFXAS WK1WKSIHV. KM HK.Il 22. !tl.
I'ltlf'K FIVE CENTJ.
is ft fi m
111 m KEG
ExpIosiTe Threatens 'Wall
Street Financial Mon-
WARI.URt;. ALMMCll AND OTHKR
fcOTER SPEAKERS HEARD AT
NhEKS NATIONAL '
!val l lil New.
New Orleans. U.. Nov. 8 1.-"Wall
Street is a ruler on a kcic of dyna-
mite." said Pawl Warburg the New
Tork banker member of one ot the
great International financial firms
today In pleading tor banking reform
and panic Iniurance before the
American Rankers' Convention.
Mr. Warburg aald that the great
weakness of American banking aa
ompared with European banking
lay In the dangerously large ut ot
Block Exchange collateral aa the
basts for bank loans Instead of the
as aa In Europe of commercial
paper arising ut of the normal day.
tn-dar movement of goods from pro-
ducers to consumers.
"The main assets of a bank" he
se.ld. ' owght not to be stocks and
bond nor loans on stocks and bonds
but commercial paper. Hut a bank
the deposits of which may be with-
drawn on demand at aay time must
aave asset which can be reduced to
bank credits within the quickest time
and with the smallest poselhlo losa.
Commercial paper and bank accep
tances form the main asset ot Euro
pean banks. These bills have the
widest possible market where mil-
lions are exchanged dallv with mar-
gins ot 1-1 C per cent or 1-8 per cent
In the lntere. rate without scrntlnli-
Mr the paper when the bargain Is
'. Europe n KxampW
"The mobntsatlon of the" promis-
sory note the svstem which enables
Europe to transform bills Into bank
eredlts as quickly as staples or se-
curities. Is the explanation of Eu-
rope's success when we fall. If a
banking system aa ours Is built up
on promissory notes which have no
free msrket the ronsennences must
needs be that when deposits are with-
drawn heavily or when there Is a
strong commercial demand for money
that slock exchange loans must be
called and holdlnsa of securities must
be sacrificed these belns the only
available liquid assets.
"Thin means great economic waste
and often rain mil x. for It Is an abso-
lutely perverse system that exiects a
normal Investment demand In tlnv
moreover when money is scarce to
be able to supply a sufficient sum
lo satlsfv all the Immense commercl il
demands of the entire ration. More-
over. It follows that prices of socurl-
tle have to be so far reduced that at
bargain or sometimes bankruptcy
prices an abnormal demand for se-
curities nt home or abroad must be
"This method Is not onlv wasteful
but as the past has shown us It Is
oat dangerous. A modern svstem
must provide for means for banka to
rely upon their ability of marketing
their bills receivable which represent
the trade and commerce of the whole
atlon. In a modern rvstem this
can be done without appalling losses
there being no question of sacrifice
of capital In gelling secnrllcs but
only a question of different In rate
of Interest In celling paper. More-
over. It ran he done without creat-
ine a nnnlc; since gradual ll.jnld.i-
lion of commercial paper means a re-
duction of the volume of all com-
merce ned trade.
Contemporaneous financial history
furnUher us constantly with lllus-
nation showing the acpprlorltv of
the Furopenn svstem. Purlnir the
Morocco cilnls n w?r sonro developed
In France and actual hoarding of
gold bec.ntr the withdrawals from th"
deposit hunks were nt a given mo-
ment alnrtnlnc. lint there followed
no pnnhv The llnnncc de Frrme Is-
sued noies freelv the Fran h hank
collected their holding of foreign pa-
per and the general confidence lr.
the Famine de France's power to
coe xxl'h the situation overcame th
frUht without the horrors that would
I nvn ensued with us
"When France for rensons Just
explained and as a means of political
t.r.-t"r". withdrew from Germany
more than ;in million nrk that
temporarily had been Invented there
when Fnsllfh and Russian tlovevn-
ment money were called back Or-
i Conf lned on Pine I
HAM OWNERS Kt)VNI
ca ii.TY of nk;i.k;k.( k
Coudereport Ta. Nor. 21.
C.eorge C. Pay less presi-
dent and Frederick J. Ham-
lin superintendent of the
Hay less Pulp A Psper compa-
ny whose dam at Austin burst
causing the recent disaster In
which more than seventy lives
were lost were tonight foer.d
guilty of grot negllcence by
the coroner's Jury.
III 1 CASE
' . 1
Miss Chamberlain Faces
Men Charged With Com-
plicity in Assault
Lincoln Center Kantt. Nov. si.
This Is Miss Mary Chamberlain's day
In court In the famous "tar" case.
Faring the three men charged
with complicity In attacking her on
the country road north ot Shady
Pond on the night of October and
In the crowded court room she tolj
of her terrifying experience. Her
story wa8 dramatic la Its simplicity
and she recited In a low voioo and
was unshaken In the cross examina-
tion. Her storj was the same as haj
been told many weeks of how she
was taken from a buggy anil her
body and limbs spread with a coat
of tar by ten men. It Is claimed that
the men were urged by their wives
and sweetheart to do the Job.
CtSTRO RETURNS TO
VENEZUELA WITH RM
Mexico City. Nov. 21. Dispatch
f-3'C CXyMC tCdV" ihl GdD-
eral Clpriano Castro the former
president of Venexuela won the bat-
tle which occurred there Sunday
having entered his native country
with thousands of followers.
Bankers Raise Enormous
Fund for Purpose of
Uf AkMN'iatfit I'm
New York. No. 1. liaukert
who have been conferring for sev-
eral days with representatives of t!e
Governors' Conference and Somheri.
Cotton Congess announce this after-
noon that they have riile( fifty mil-
lions ot dollar to be placed Imme-
diately Into the cotton belt states for
the purpose of handling the cotton
crop of l?ll and thus enable the
growers to participate In any rise In
LEVY DECLARES PROPOSAL
OF TORC(X TRUST SHAME
Washington 1). C. Nov. 21.- "The
plan proposed by the tobscco combi-
nation and approved bv the attor-
ney general and the circuit eourt at
torney Is a shame and a subterfuge
knowingly devised by the Tabocco
company to seem to carry out the
mandate of the supreme eourt. but
which really leaves Its monopoly un-
i Impaired" Is the statement today py
FilU II. Lew. attorney for the In
dependent tobacco firms and former
assistant to the United States attor-
jncy general made before the senat
romniittei on Interstate cotnmcriv
"The government Ins sacrificed
practical) all the benefits that were
Intended to aci rue to the pople ot'
the United States for the benefit cf
jthe trusts" was another statement
i made by Attorney Ievy. before thf
COMPFRH STAYS IN
l' WKUlls P'C
Atlanta. Ga Nov 21. President
Samuel Rompers and other labor
leaders In the American Federation
of Labor may continue to associate
jwlth Andrew Curnecle Annul M -
mont and other so-cnl!e.t ener-lc of
orcinlrd labor as members ot thi
I National Civic Federation as the con
vention late todav d.-'-af'd t'"
liflon 'respect f'lllx' ren"ettrf" p
officers to rcltrn from the feil.r.ition
111 JI PERIL
Woman and Five Children
Murdered Daring Sian
TO BE AUERIGAN
OTHERS FLEE TOVAKI )AT
RUT MAY ENCOUNTER DES-
PERATE RNDS OF
Vy Aurittcd Pre
Peking. Nov. 21. The kitting of
foi signers at Stan Fu has been fur-
ther continued by two Chinese stu-
dents who have Just arrived from
that city. i
During the flghtW at Sian Fu
the Inland mission was attacked. Mrs
P-ecknian said 'to e American
and five of the mission chlldreu were
murdered. Mr. Ueckman was wouatJ-
ed. but escaped saving an Infant.
Surviving foreigners were shel-
tered bv Chlnewe christians aud de-
narted east tom-ard the railway afftoL
but are likely to encounter band of f t under their dresses
robbers tn route V With the assistance ot rowlis
The American legation's Inst rue- the suffragettes smashed numerous
tiona are that the women and clii!- windows in public offices includ-
ed n-n u hn wi-re ent to the coiikt 1 il- llic the l.llteral Tieuiliuinrinr 1 k
led to reach many luland places ne
fore communication was entirely cut vate concerns.
off. The women first held a masHineet-
There are eight v forelun mis---mi-' Inc. declared that the I'rlme MIuIh-
arles In Sian Fu.- jter's action was an Insult to them
The Chi I.l Assembly has dec !jdiand then attempted their march on
to comply with 8'in Pao Chl'a ieq i Parliament. The e.-.ttle was fun-e
Jointly to demand that the thr .ie but short.
abdicate. w The suffragettes were led bv Mrs.
" IPrttT'Oi Lawrence who with other
I'M t'lUM; ItKHEAHS (prominent women was arresnd and
IH-SKIMEK'S RELATU l relensed on bond.
ly Av'4tr! P-r
XanWInc. ov. ?1 Cen Chi :
commander of the Imperialist '- l
in the city. In revenge for the .t rw -
itlon ot General Sho who Join-itid
revoiiO-lonai has beiieadd all or
The United States cruiser New Or-
leans sailed today for Shanghai (t
will lie relieved beer by the cruiser
SIAN FIT IMUOHslRLV
Ixndon Nov. 21. The Rsptist
missionary society In this elty re-
ceived a cablegram from Shanghai
stating that communication with
Sinn Fu. where the massacres of ih
foreigners occurred ta impossible. s
telegraph wires have been cut. Tift
Yuan ihe capital of the provine of
Shan SI In in ruins t ut the missions
Interest Awakened Over An-
nouncement of Early
Intercut hag Seen awnkened espec-
ially In legal circle over the an-
nouncement made yeeterdav that fin.
al hearing will be given In the Scv-
FINAL HIKE jPATTERSQN QBE
III "PHONE" CASE; HIES PROGRESS:
enth Court cf Civil A weal tn thiajday. and late tbin afternoon attor.nn nnnmially Urcc attndnnrr and
tit On th ja al nrui 1 tt K A.-.- I (iASi uhnnnnriJ that I - .111 - .1 1. 1 hi t.i 1
from the temporary restraining or -
ft a .Alua ft 1 I ... 1 . . .
. n.rruj mnurq ny juuge r rank
P. ISrecver of the Thlrtv-flrst fmlicUl
district In the case cf the City of the trial proper will beiMn
Amarlllo vs. the Panhandle Tel-vj The Je.r t ftuposed for the niot
phone Tel4rni)h rnmif iv.-'ti.in nf vie.' -t laiitid nun. and will
cember 15. with A. P.. Martin of Tu-
t 1 1 II K I h I.l f liluf 1.... Xi k .
I t j n. m i.flher
........... n o(nvir or j. nt.
hork as ssHoclate lurtben j.i.iic...
Graham. Pressle rand Hall heim- dis-
qualified by reason of Inteienf In ti e
rates under dlscuwlon.
It Is expected that this i hm w
demand possibly n. full av. an.t fnr
that reason Friday has been assigned
ior us 'imposition.
i i.l.. it..i... ... . ..
I M . vV K '""-
I hlladelphla. Pa.. Nor. ii . .V
JarKi gathering of spectators belonrt -
I p.. i 1th;i "C(1l o'-'M circle of
c .1. f . u . nr Ur
church T K L V'" W
chur. h Third and PW .
'-" u.umier or wiirrea row.
ell. Itrltlsh Consul at this port and'
I grand-daughter of General Sir Robert
S Paden-Powell. the famous heto of
;ine iior .ar w. married to th.
l!ev Percy James p.rown. set.i r
.curate or St. IVtr s nnd
I'ointod dean of the K'd . .
dral at Manila p.
March on Window-Smashing
WERE RICHLY N( ENSEI OVER
PRIME MINISTER'S OPIOS.
TlO TO VOTES FOR
London. Nov. 2 1. Suffragettes
fared badly at the hands of London
police today when they endeavored
to make good t&cir threats to enter
the House of Commons and majte
protest on the floor against ts
Prime Minister's refusal to pledge
the government to the bill giving
equal suffrage to both sexes.
The police prevented them from
reaching the entrance to Parliament
and 2J0 women were arrested after
a snappy campaign at window -a'liush
' Ine with unnoa which
postoffice bank and numerous prl-
EXPRESS AtiENT l'LEAI
Ol'II.TV OF EMBEZI.EMEN1
1 u.-. ........... t-.. ...... . ..
'nmr-r f h
Fargo Company Exprena. arrested
last week charged with having em-
bexrled funds amounting to 12.100 ot
his cmplovers entered a plea of
guilty In the court here this morn-
Sng nnd was sentenced tc to years
id ine tate penitentiary.
' MeltxxIKt nrolhetlMMNl Mectk.
maha Neb. Nov 21. The an-
nual meetlne of the board of tranait-
era f the Methodist Rrotherhood of
the United State beeitn In Omaha
today with headquarters at thi First
Methodist church motg th pro-
minent sneakers on the proeram of
the two day' meeting nre Mr. II. F.
Rail v iKiner lr F. I.. Thompson
of New Vu'k nnd IT W. V'iltkn
of !tli;. :. Y
Jury Is Chosen and Trial
Proper Will Begin
Ih rver. Colo Nox ti--Ke.iurk-
hMc ppiisfs x.i the order in the
'rtru!e IVittcMot. murder cae to-
1 they are satisfied with the Jury as
. ........ A 1 . .
the court was ano-u 10 uj"uru un -
ill tomorrow morndig. at which time
he tailed i.p n to de.lde after hea -
i . i ... . i I . . . ... I... I M P.. -
ot'iilK me oiu'i.'. .mo. -
tornn (leu-'t i i i in. im
. in if.
-I !-"t te:'I" i' ....
' crowded ti e
ers who eo
k Hi d liim iii h. 1 f
nun in pm
leventilif; sn s.Mress hx M!ss Tile a
lov.: -iirli. is persons ( stone the fam-Mis niiyslonary vxlv.
co -rt room while ot ix. i WJIH rnrtrPd bv hrl-and ir. r.'ei
II not gain admission and for whom a ram.-tn of r.;.iee
for hours to ret a'nns nn"d. an.t a chnn.l .on-.f 11.
glimpse of the l.ta tlful young woni -
an chiirce.l with t"e munter ir ne.'i
i Thro.Klun . h. l.v si .c:.!.
' hor 1M..i .. .re and the Intent
r. of th(. llllCH' cans
H h'r hut l;t tie discomfiture. This
morning It was not expo ted that the
Fiver Tails l.M Feet.
fMc.-- l I . V - '.' '
. cr bet .v
nn Pn !''di pricv offl-
nilv s 'idvin? nxli'tlm
here. f. 11 In the Pullman field today
fo'.r hut-Ire I f '.'t In an aeroplane. '
ir l Is ir ! if!e r; av prove f i'al. I
Hi ti e ri:x.i:Kss
l MrMMtllt CAE
Los Ancol-. Cr.l.. Nov. II.
Three men were challenged
and one excused In the McNu
mara trial today and the de-
rision on two others w re-
served until tomorrow this
comprising the entire work ot
today's session. F. A. Hrode
a talesman was under exam-
ination tonight when the
Five Thousand Shopmen
Threaten Walk-out at .
denial t Hiilr Nti
FoTt Worth. Tex.. Nov. 21. Five
thousand Rock Island shop men are
expected to strike any minute ac-
cording to the statements of the rail-
road officials who today Issued a
public statement defendine their side
of the controversy.
The men are demanding higher
wages shorter hours and better shop
rules all of which the company re-
fuses. It Is stated that the number
walking out In Texas will approxi-
KU)OD WATERS IN
Seattle Wash.. Nov. 21 Flood
waters of western Washington are
subsiding nearly as rapidly ae they
rose and the railroads expect to
raise the blockades tomorrow.
Seattle's municipal lighting plant
will be restored by tomorrow and
the broken wat'T pipes wM have.
been mended by Saturday nlkht. Un
til then the maiprltv ot the Inhabi-
tanig will suff-r great Inconvenience
dwellings being without running wa-
ter and even drinking watr being
difficult to obtain.
DIES IT TOPEM
Blood Toisoninp: as Result
of Accidental Shoot-
ing Is Cause
Topcka K:i.. Nov 21.- A.
Haves" fri U'l't n idltor for the Sitnt.i
Fe at thl plan. died this n;inilnj
: a p-H'ilt of the ai'ddental s!.viii:n;
lu the cilf of the h'S. while o.it shoot-
Ine quail a few das since.
At the lime cf the iccldcnt
iiioucni iniu i nc nun ouia ne
jtle more than trlxial bet h'er blood j
poisoning developed and last nlshti
f- loridn W hite-RllilMiner Meet.
Oil ROCK ISLAND
i Tampa Kla . Nov. 21. The txx en- Counsel for the rnx-ernment late (o-
Uyifhth rtnnal convention of thejday filed ith the commerce roni.
Florida Woman's Chr'stlan Temper- a writ of appeal In the transeontr-
ance Union opened herW-todav with
will contln-ie In session until Friday.
venlng This Is the first time injlnif an Interpretation of the lon
more than twenty vears that this or. and short hai:l" provisions of the
imore tnan twenty vears that trim or.
' tnntiitlnn in hnl.lin it. !finiinl mwt.
lrf n Tampa and. In honor of the;
r Pn the tltens have made enpee -
11. 1 rtnrt. to 11.:... th il.l.i..i 1
ho Rr eathered here fro-n all parts
' . . . t ...
or tiie state An evceeutneiy interest-
tne niiotram tins ticen arr;inc.
the convention Imdml.-.i: a (ex: re-
'cepticti st the Tami-a Tax Hotel thl
' Krid.iv excnlni;.
Fair and colder Wednesday.
Al 7 a. m. . . . I! I At 7 p. m. .
Vaxlmrm . . t'.i Minimum
IKi'i Max. . i'.i; in I ft Mln
W nlincMn Forecast
Was'-ln-iton. I. ('. Nox
'i : - day
i! MANIFESTOS OF
Thrw Copies of Alleged Ct3
for General Revolt
WILL RE LAID REVOKE I STRICT
ATTORNEY RY CHIEF OF
SENSATION IS LIKKLY
Steps To Re Taken to Cancel Reyes
to M delist
Scroti to rii 't
San Antonio Tex. Nov. 21
leg of three manifestoes calling as
the Mexican army and the Mexlcaa
people to revolt against the Madera
government and signed In print with
the name of general Rernardo Reyes
are In the hands of II. A. Thompsoa
chief of the secret service depart
ment of San Antonio and will be
laid before the United States district
What action will follow Is prob-
lematical but It Is asserted that de
velopments of a sensational natare
Fearing to trust the maita wHa
the alleged Incriminating documents
against General Reyct special c-
voy was employed to convey thera to
the hards of the authorities from
Laredo to San Antonio. Mexican Cab.
sal Lorano being the berer ef tha
wnnb. Thl tudcnlnc i'u Utt
ed with Consul Estava here and bjr
the latter turned them over to Secret
Service Agent Thorn peon.
An attempt will be made u show
that as documentary evidence thcr
I demonstrate that the plan waa fully
developed to enter Mexico and wosje
war natnst the present constitute
WRM WTI.aiME TO
RK1F-S I IUIMISKB
- '.. ..I- h Nr..
1 iti Aitonlo Tex Nov 21. -T. L.
jl'eltran. a Maderrta secret service
man rct'irne.l todnj from SaliUU
'.ii d Montcrex and states that the pco-
; ?1- of Vcco will tnke Imrrcdlste
. --ti-tf tn cancel General Pernrdo
!N-vcV M'icnh.n in thut eo.ir.try
;i cl kIk hi ioltlon as retired gra-
lin-r declnren that Oneral
i;vt in i.ionie in return t.- Met-
: I' ;md that he will rw-lve n ' wnrns
r vtlon."' n:achi'e nnd fire
'tli'MHuid rifles bcliiif jnionir th Im.
' P'-"""'M from which the "we'eone"
ild tn- thender-'d
I V X..v . .."".
J Washlnutrn Ii
ental rate casett. Anneal Is froaa
th temporary lnlnnrtlon :rantoil
a fc 1
the commerce court in rases jnvoh?-
Motion wan also filed hy the gov-
ernment the Injunctions nhrl rhtta
ernment that final il.r.w m-.ki.
permanent the lnJ"nctlons be grant-
I . - . . .
en ine cnnimerce conn.
UtlTI UvIP Uir.l'RUS
IV MURDER TRI !
liovi .n. M Nov To fur-
ther tic ends if "s'i'.. tie United
Pt.te K-.ttlesbln N'ehrakii left her
place xxlth tho North flatitlc snuad-
. ron .ted 1 enw l-Tthed nt tha
Cbaleston navy xard rwaitlng In-
s"ectlon bv the Jury In the caae of
J airen rtoeks. who was placed on trial
In the United States circuit court
here todav for the altered murder
" of Alexander Allen. Reek and Al-
jlen. both ncurpos. were meesmatM
on the Nebraska. The kllllnr of KU
i len occurred on the battleahlp while
'she was at the Charleston navy yard
:s last VfvV It la exrected the Jury
.It will he rvked tix view the scene or
the tranody. On apnllentlon of conn-
si I for the accused norro thfl Xavy
! lVtvrt nett ordered to return to Roa.
ton for the trial. Peeks claims th.
the rhootlnc of Allen was In aolf.
Here’s what’s next.
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
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.
Amarillo Daily News (Amarillo, Tex.), Vol. 3, No. 16, Ed. 1 Wednesday, November 22, 1911, newspaper, November 22, 1911; Amarillo, Texas. (texashistory.unt.edu/ark:/67531/metapth297695/m1/1/: accessed May 27, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .