Wichita Daily Times. (Wichita Falls, Tex.), Vol. 1, No. 177, Ed. 1 Friday, December 6, 1907 Page: 1 of 8
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DON’T WAIT
Until the last day
to buy your
XMAS GIFTS
ita Jail
m 1
THIRTEEN
More Shopping
— Days Until —
CHRISTMAS
: VOLUME! .-1
=================
CRISIS HIS PASSED
WICHITA FALLS, TEXAS, FRIDAY, DECEMBER 6, 1M7
,N NUMBER 177
Another Branch Bank Closed.
By Associated Press.
Kansas City, Mo., Dec. 6.—One of
three small banks In the suburbs of
., Kansas City, affiliated with the Nation-
FINANCIERS BAY WORST IS OVER al Bank of Commerce, was closed late
AT KANSAS CITY—DEPOSIT.
ORS REASSURED.
€ “ 1 s. e
500 MINERS PERISH
FAILURE AT PITTSBURG
yesterday afternoon
The First State Bank of Argentine,
Kansas, reopened for business this
morning. This bank has deposits of a
quarter of a million dollars.
REPORT FROM MONONGAH, W. VA.,
SAYS AT LEAST 500 MEN ARE
ENTOMBED IN MINE.
) Fort Pitt National Bank Failed to Open
This Morning—Resources Over
Five Millon, Dollars. 5
By Associated Press. +
Pittsburg, Pa., Dec. 6.—The Fort Pitt
National Rank of this city failed to
open its doors for business today. The
report of the Fort Pitt bank, issued
last May, shows the following exhibit:
Capital stock, $1,000,000: surplus, $1,-
000,000; undivided profits, $102,000; de-
posits, $3,330,000. \
Resources of $5,522,142.
| ‘ The report of the condition of the For.
Pitt National Bank at the close of bus-
mess December 3, 1907 made in re-
sponse to a call from the compt roller
of the currency, showed resources and
liabilities of $5,522,142,04-
Bank ‘Closed on Request of Directors.
Washington, D. C., Dec 6.—At the
‘office of the comptroller -of the eur-
. rency It was stated that the Fort Pitt
* Bank of Pittsburg was not closed by
order of the comptroller, but by request
I of the directors of the bank, who ap-
plied to Bank Examiner, Cunningham
to take charge of the institution on be-
half of the comptroller.
Crisis Has Passed at Kansas City.
By Associated Press.
v Kansas City, Mo., Dec. G.—There was
no evidence of a run on any of the lo-
cal banks in the early hours today. The
bank officials generally gave as their
opinion that the crisis resulting from
the failure of the National Bank of
Commerce, was over and that.normal
conditions will soon'exist again. They
insisted that there was no need for any
alarm and that the closing of the Bank
of Commerce really cleared the atmos-
phere and marked the first real step to-
ward the restoration of confidence,
Man\ depositors in the. Bank of Com-
merce have been reassured by the dec-
- laration of the officials.
President Woods’ Statement.
The following statement was issued
by Dr. W. S. Woods, president of the
National Bank of Commerce, for the
board of directors: 1
“To the Public:. Much as we regret
to do so, we are compelled to close the
doors of the National Bank of Com-
merce because we have not been able
to collect money from our borrowers
t as fast as the same was demanded by
our depositors, caused by unjust and
unfounded rumors vigorously circulat-
- ed. * - .
"During this panic we have reduced
our deposits from $35,500,000 to about
$16,500,0000, thus paying out over the
counter and by transfer to other banks
in this city and other cities $18,000,000
of deposits. This of itself tells of our
resources. We have* made the fight of
our life, but could not stand the strong
LETTER FOUND ON SUICIDE.
Defunct Oklahoma Bank’s Cashier In-
terested in Oil.
Lawton, Ok., Dec. 6.—Further exam-
ination of the clothes on the body of
D. R. Rankin, former cashier of the
• Merchants’ and Planters' bank of Law-
ton and whose body was found in
Cache creek on the 3rd Inst., revealed
a leter purporting to have been receiv-
ed by him from J. Harevy Lynch, in
which the writer spoke of an oil com-
pany in which the two were Interest-
ed. The letter follows: 1
"Friend Rankin: I will see H.— to-
morrow. I understand there will be a
meeting of the county attorneys from
the new counties there tomorrow. If
so and if any of them, my friends, I
will line them up. The fact that he
asked me to come back gives me cour-
age. However, 1 will know something
good or bad before I leave him. I will
also have a good chance to see Menefee
about the oil company. You ought to
get those leases up to us as soon as
possible and state in your proposition
how much stock is required for the
lease and to whom it shall be issued.
My man at Coalgate is ready for our
“dope" and will immediately be send-
ing in subscriptions and money from
the "Dagoes" and miners in general.
We ought to have our records clear as
to number of sections, etc., of land be-
fore we give any dope..
” "i have it all ready for printing, and
will get it out this week. I. believe
Prevest, our Coalgate man, can get us
in at least $1,200 this month. He says
he has about 30 men lined, up now,
which at $25 each would- mean $750.
He thinks it will be easy to get them
to take 100 shares each by taking ten
per cent cash. This would figure thus
—100 shares at $260.00 from1 each sub-
scriber with 10 per cent cash, balance
in monthly payments. His thirty sub-
scribers, when paid up, would ropre
sent $7,500. —- *
I believe we will realize some quick
money on this oil company. There is
a big-Italian settlement at Krebs we
can work among, so you will push up
on those leases, and let’s get it to
working. +I. will file for an increase to-
morrow to $500,000. Yours,
. “J. HARVEY LYNCH.”
A TERRIFIC EXPLOSION
Occurred in Fairmount Coal Company's
Mines This Morning, Where Over, -
Thousand Men are Employed.a
By Associated Press.
Pittsburg, Pa., Dec. 6.—Reports from
Wheeling, W. Va., say that seven hun-
dred' miners are entombed at Monon-
gah, West Virginia, where a mine ex-
plosion occurred today. Two Associ-
ated* Press men are on their way to the
scene and definite information is ex-
pected soon. The concussion Wss heard
eight miles.
J
Thousand Men Employed in Two Mines
By Associated Press.
Fairmount, W. Va., Dec. 6.—An ex-
plosion was reported in mines Nos. 6
and 8 of the Fairmount Coal Company,
at Monongah, six miles from here, to-
day. It is said that one thousand men
are employed in the two mines.
At Least 500 Are Entombed.
By Associated Press. •
Pittsburg, Pa., Dec. 6.—-A long dis-
tance message to the Associated Press
says that the bodies of three miners
near the mouth of
have been recovered near the mouth of
mine No. 6. They were foreigners.
Superintendent John Malone of the
mines says that at least five hundred
men'are entombed. -
the accident will
rorst in the history
country. Superin-
least five hundred
It in feared thai
turnI out to be the 1
of mining in this.------__
tendent Malone telephones here that
five hundred men were in the mine at
the time of the explosion, and the min-
ers do not think any of them could es-
cape alive from the force of the ex-
plosion, ii'
ASSOCIATION OF
TAX ASSESSORS.
Matters of Importance Will Be Discuss-
ed at Two Days’ Convention.
Austin, Tex., Dec. 6.—The annual
meeting of the Texas Tax Assessors'
Association will be
Austin on Monday
9 and 10.
County judges and members of the
commissioners courts have been invit-
ed. A-- 51- - ---4- —*
held in the city of
and Tuesday, Dec.
B. of R. T. Elects Officers.
At a regular meeting of Panhandle
Lodge No. 499, held at Redmen's Hall
last night, the following'officers were
elected to serve for the ensuing year:
Joe Hamilton, master; Charles Irwin,
vice master; Geo. L Mater, financier;
J. E Miller, secretary; H. L. Montgom-
ery, journal agent.
All meetings In the future will be
held on Saturday of each week in the
K. of B Hall at 8 p. m. 1
TO TEST INTANGIBLE TAX LAW.
Assistant Attorney General Pollard to
Assist the County Attorney.
While in the city for an hour today.
Assistant Attorney General Claude Pol-
lard had a consultation with County
Attorney T. B. Greenwood in regard to
the suit bringing in question the valid-
ity of the intangible assets law. The
style of this suit is the Wichita Falls
Railway Company va. A. M. Davis,
county tax collector; M. F. Yeager,
county judge; J. D. Avis, H. G. Karren-
brock, E. A. Dale and E. A. McCleskey,
county commissioners.
While the amount of money directly
Involved is only about $247.70, it is to
be made a test case and if the courts
decide the law is not constitutional the
railroads of Texas will be relieved of
paying about 2175,000 taxes on Intan-
gible assets that they will be compelled
to pay if the courts decide the law is
constitutional.. + 1 1
Judge J. T. Montgomery of this city
is representing the railway company,
and the case is set for trial on the 14th.
at which time Mr. Pollard informed Mr.
Greenwood that he would be here to as-
sist in the conduct of the suit
/ Sidewalk Building.
Mr. I. H. Roberts, the cement side
walk contractor, now has three full
crews at work in different parts of the
CHICAGO IN RACE
KANSAS CITY WILL HAVE STRONG
RIVAL FOR REPUBLICAN NA.
TIONAL CONVENTION.
COMMITTEE IN SESSION
Chairman New Called .Republican Na-
tional Committee in Sessison 1
This Morning. ** - *
8. Associated Press.
Washington, D. C., Dec. 6.—The na-
tional republican committee met at
the Shorehan hotel in this city at 11
o’clock today. Chairman Harry C. New
presiding, and Elmer C. Dover acting
as clerk.
The principal purpose of the meeting *
is to name the time and place at which
the nexfo.national republican conven-
tion will be held, but this order of busi-
ness will not be reached until tomor-
row.
The past twenty-four 1
materially to change the
for whereas Kansas City 1
tically without a rival, it
served
rances,
d prac-
evident •
at beginning of the ca today
that the Chicago advocates have gain-
ed renewed assurances and will be
prepared for a strong fight.
New Elected Chairman.
By Associated Press. i %
Washington, D. C., Dec. 6.—Harry S.
New of Indianapolis has been elected
chairman of the republican national
committee to succeed George B. Cor-
telyou, resigned.
Will Call Upon the President.
By Associated Press.
Washington, D. C., Dec. 6.—The re-
publican-national committe adjourned '
at 12 o'clock to meet again at 2 o’clock,
this afternoon and go in a body to the
White House to call upon the presi-
Ant,)
city laying cement sidewalks, and has
a sufficient amount of work already
contracted for to keep his "crews at
work fill through the winter months.
>Mr. Roberts alone has already con-
structed at least ten miles of sidewalk____
of an average width of four feet during dent.
the past eighteen months. Besides the
work in this line that he has done, oth-
er contractors have done a great deal.
The “sidewalk craze" is catching and commissioner % A Ct, Engmeer
W ichita Falls has had * good case of it R. A. Thompson, Assistant Attorney
during the past two years, and it is not General Claude Pollard and D. B. Keei-
likely to stop In two years, more, at er, vice president and general manager
which time the city expects to have at of the Denver road, arrived here at
least twenty-five miles of cement side
walks.
Distinguished Visitors.
The Denver special bearing; Railway
noon today and remained for one hour.
The trip is being made for the pur-
pose of inspecting the Denver road be-
tween Fort Worth and Texline.
The special consists of only two
tide.
“We hope to be able to open the
bank again in the near future for busi-
ness. We do not believe it possible for
a depositor in the National Bank of
I Commerce to loses dollar. We beg
your indulgence and forbearance until
our affairs can be arranged to the sat-
isfaction of all parties interested.
“We appreciate the confidence of our
numerous customers, large and small,
and we hope to show in the end that
we have been true to the trust."
Other Banks Pronounced Bound.
James F. Dowing, president the
clearing house, said today: , i
“Up to yesterday the Bank of Com-
merce owed the clearing house $300.,
000. This account was settled, but it
was out of the question “> furnish aid
to the bank. 1 considerthe failure due
1 lack of conservatisms None of the
other banks here has found it neces-
sary to ask aid of the clearing house
and I consider them to be perfectly
sound. The closing of the bank will
not affect them.”
Waters-Pierce Oil Co. Blamed.
Kansas City, Mo., Dec..6—Dr. W. S.
woods, president -of the National Bank
4 of Commerce, which closed here yes
terday, is quoted as saying In a publish-
ed interview: . aid
us a tremendous amount of harm. Two
weheFCunE men in the Southwest
areuiar letters, telling them that in
WAing collections they might take
‘ "hacks on any bank in Kansas City
Sheep the National Bank of tom
mern.se were shown to traveling men
.ho reached the country banka .that
nua deposits with us. Millions in S
I-try deposits were transferred tore
XS M PR" ^^ ^
my opinionthae had been to insist on
ousment or a balance by a bank in
WOUNDED LABOR'LEADER
SHOWS MUCH IMPROVEMENT.
By Associated Press.
Boston. Mass., Dec. 6.-Edward Co-
hen of Lynn. Mass., president of the
Massachusetts branch of the American
Federation of Labor, who, with Dennis
Driscoll, secretary of the Bute branch,
was shot at toe State house by J.
Steele of Everett, while the latter was
suffering from a fit of insanity, shows
ed much improvement during the early
morning and the doctors stated that
his case was much more favorable than
had been hoped for.
The ladies of the M. E. Church
South will give a reception at the home
of Job Barnett next Tuesday evening
between the hours of 8 and 10 p. m. In
honor of their new pastor, Rev. J. A.
SUfford and family. All members of
the church and friends are cordially In-
vited to attend. v
RAILROAD WORK
BEING RESUMED
“Chest” Tiephone System In Army.
.... Washington, Dec. 6.—An ingenious _______-_____
one of the most important mat-I device, by which the horse is made a’coaches, the private- cars of General
that will come up for considers- part of an electrical circuit, has been Manager Keeler and Superintendent
tion will be a discussion of the tax reported to the war department by Cotter, and left Fort Worth yesterday
laws enacted by the Thirtieth Legis-
especially the act
rendition bill..
ters
lature and more
known as the full___________
An interesting program has been pre-
pared. The Gove
Mobley, author of the full rendition
bill, Hon. R. J. Alexander, county judge
of Burleson count r, anti other gentle-
men of note, will make addresses.
nor, Hon. John A.
the full rendition
Handed Th em a Lemon.
Two young ladies of this city and
one residing at Pick Spur landed on
three of Kell City's love-lorns swains
good and plenty last week. The three
young men in question-had asked the
young ladies to accompany them to
Wichita Falls on Thanksgiving Day,
but the young ladies refused, though
they consented to compromise on a
buggy ride. However, when the day
for the buggy ride arrived the three
young ladies boarded the train for
Wichita Falls, where they enjoyed a
big time with city beaux had left the
trio of country dudes at home, where
they sat around on cracker boxes all
day, ruminating over the heart-break-
ing situation and swearing softly.-
Keli City Enterprise. 1
Omaha, Neb:, Dec. 5.—One of the
most hopeful signs that the financial
stringency is disappearing came in an
announcement today’ from General
Manager Mohler of the Union Pacific
that that road is resuming construction
work on its lines. When the banks
shut down on cash payments fife
weeks ago, the Union Pacific was very
quick to follow with an announcement
that practically all of the construction
work on that system then under way
was to be stopped because of the in-
ability to secure cash to pay for labor
and material. Mr. Mohler says in his
announcement that all the men that
can be employed will be kept at work
as the weather permits. It was an
nounced that 6,000 men have been re-
employed within the last few days.
They will be kept at work on the north
era lines while the weather is mild,
and later taken to the Southern Pacif-
ie, where work will continue through
♦ Dove BALLON KEEPERS ♦
♦ \ TO COMMIT SUICIDE. ♦
• By Associated Press.
the
• Chicago, III., Dec. 5.—Two Chi- •
• cago saloon keepers, Peter Ma- •
• troni and Kusher Browic, commit- •
• ted suicide yesterday. Members ♦
♦ of their famines attribute their ♦
• deaths to worry lest the agitation •
• for the observance of the Sunday •
• closing law and other saloon reg- ♦
• ulations might ruin the saloon •
♦ business. ♦
♦ ♦♦♦♦♦♦♦♦♦♦♦♦♦
the winter.
: wane hePoNT shows A ♦
1 SPLENDID CONDITION ♦
% The report of the First Nation- •
• al bank of Wichita Falls at the •
• close of business on December 3, •
4 made public today, shows that •
• bank to be in a splendid condition, •
• with an amount of cash on hand •
• greatly in excess of the reserve •
• required by the national banking ♦
T. B. Noble wants all Christmas
shoppers to call at sesann + laws. This report shows cash on •
spec" Ils line “cuonery, ete." 764 e hand to the amount of $104,786.65. ♦
The deposits on that date were •
re Croom Bakery wants to sell you‘% 2229481.19 and the loans *47, ♦
Fr-atie :........J
interested.” -
Lieutenant A. C. Knowles, Thirteenth afternoon at 2 oclock. The train is on
Infantry, at Fort Lea venworth, Kas.; a slow schedule, not running at a high-
who has been making tests intended to er speed than ten miles per hour, with
permit telegraphic and telephonic com- short stops all along the line. Judging
munications between mounted oper- from'the time made between Fort
ators. * Worth and this city, about twenty-four
Worth and this city, about twenty-four
hours, it will require about three days
Horse Completes Connection.
This will permit the mounted/oper-' to make the inspection trip from here
ator to transmit messages to his. base to Texline. *
whenever necessary, without stopping After finishing the work of inspect-
his horse, and is accomplished by plac-’ing the Denver, Commissioner Colquitt
ing a small piece of copper (properly and other representatives of the Texas
connected to ‘the telegraph or tele-' Railway Commission will inspect the
phone instrument) aganst the animal’sRock Island road bed, beginning at
body, thus completing a ground con- i Amarillo.
nection thruogh the horse’s hoofs. , : 1 , ------------------\ ,
The tests were made over all kinds SANTA FE RAILROAD WILL •
GROW ITS OWN TIES.
of ground and conversation was car
ried on without difficulty between two
operators separated by five miles of
wire, the horses standing in the grass.
Chicago, III., Dec. 6.—The Atchison,
Topeka and Santa Fe railway proposes
In box candies there is none to grow its own ties. To that end, a
=====: ====== =====
place they can be obtained. 176-tr and 7,000 acres will be planted in Et-
be planted in Eu-
calyptus trees. The remaining 3,000
acres will be used as an exeprimental
station and serve as an object lesson
to the farmers of that vicinity.
This step has been taken in anticipa-
tion that in future years the timber
lands of the United States will be ex-
hausted. 4
| It has been demonstrated that wood
of the Eucalyptus tree will outlast any
How would you like to buy an ear of other wood used for piles, ties and for
corn at the rate of 20 cents a kernel? bridge work.
Do you think you would eat it after ft. While the planting of trees has been
had been purchased? _ t^started it will be from fifteen to twen-
L. B. Clore of Franklin, Ind., owns Y years before any of them will be
an ear of corn, which is worth $250, large enough to cut. At this age each
and as it has just 1,250 kernels on it, tree can be cut into two ties and the
that makes its value 20 cents a kernel, increase from then on is more rapid.
! i Mr. Clore grew the ear of corn him-1 With- its present mileage the Santa
EAR COIN WORTH .,.
FABULOUS PRICE
self and placed it on exhibition in the Fe uses 3,000,000 new ties every year
Corn Expoition In Chicago. The which, during the fiscal year ending .
Judges there declared it to be the finest June 30, last, cost $2,393,973. It is es-
ear of corn in the world and awarded timated, however, that at the same
Mr. Clore prizes worth $8,000. [time set for maturity the Eucalyptus
But Mr. Clore came near losing his ranch will produce each year 7,000,000
prize winning corn after that. It was ties, giving s surplus over present
put up at auction, and as everyone was, needs of 4,000,000 a year.'
anxious to buy it in, he had to run the
price up to $250 before it was returned
to his possession, i Therefore he can
very rightly claim that it is worth
$250, or its weight in gold *
The ear is not a large one—in fact,
it weighs only 22 ounces, and as one
looks upon it, it sems to be not a whit
different from the hundreds of thous-
ands of other ears that are grown each
year. But examination shows that
each of its kernels is perfectly formed,
that they are all even and that no-
where is there a bit of the cob show-
ing. It was this evenness that won the
prise for the ear.
TWENTY-SECOND INFANTRY ”
LEAVES FOR GOLDFIELD.
By Associated Press.
Ban Francisco, Cal., Dec. #.—Col. Al-
fred Reynolds, of the Twenty-second
United States Infantry, will be the se-
nior officer in command of the troops -
which will leave today for Goldfield,
Nevada. This detachment will be pro-
vided with a supply of tents and thirty
days rations. In addition to arms and
ammunition. In all nearly a full reg-
iment will be put in the field, accom-
panied by platoon machine guns.
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Wichita Daily Times. (Wichita Falls, Tex.), Vol. 1, No. 177, Ed. 1 Friday, December 6, 1907, newspaper, December 6, 1907; Wichita Falls, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1693804/m1/1/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Texas State Library and Archives Commission.