The evening world. Newspaper, October 23, 1907, Page 1

Selick abechal LAMA LALAAAAAKAARAAAS After the market closed this afternoon the Secretary of the Treasury said: A VERY substantial amount has beea advan-ed and it has helped cut. BCX at tal of of Uk ot oO ott ot On RS II Se SAAALASPALAL ALAS AALS AAAAIAABAAANARARASA4ISARAAAALALANAAIIBBADBAAASAAAAABS DOW CORTELYOU SAYS SITUATION IS MUCH IMPROVED. ee PPE NPL ST EP ee ite PC Re GO bDt r Cloudy and cooler to-night, ‘Thursday tat ® ® . .s ® ® e ® ter ‘i i i ‘ oe ‘The situation is more encouraging. * . * I will be here to-morrow.” ‘ DOs RUNMRME KER ORO MRE Rennes ence and Millions of Securities of Trust Company of America Are Turned Overto Them. MILLIONS PUT IN BANKS Supervises the Distribution of the Cash | _&mong the Big Institutions = of the gee about. the meeting: ; ae “HY BS Hollins; OF TB. HOMins & Co. 5 of the Equitable Life Assurance Society; =-BoalonTrast-Company; aid Wilianr-E- Corey” and Judge, “Among those who constited with Mr. Morgan. ra =aklalgi. Taorsé.<presidont:of- tht ‘Trust Company of North America, hut- vit into the conference when about a} said, would -cause a statement to nm of the Ananciers had assembled. | lssued jater m the day. He remained seme thirty; minutes, hus- | — tled ont and over To hls bank, comelyoy encouraged: = Sends Over Securities. Soon after his departure two closed] cabs reached the Morgan bank. Out of them piled men laden with valises, suit @ises-and tin bores. ‘These roceptacien cColle(ned recunties from the vaults of the ‘Prast-Company of America, had been discussed. Se: Cartel ou at the Sub-Treasury building; hua been wivanoed and I Vised by the banks —mtft helped: out. Tk was, reported. that tie ‘securities | very much. I -will be here to-morrow. Tepreacnted a market valueof between | ‘thomay F7 Ryan and Charles H. Alc 5,991,000 and _ 4,000,000 and that they | ten, vice-preaidenta of the Morton Trust| weré being deposited as collateral for 5 loans hy Morgan & Co. to. the Trust =“ SCOMpAN ys SNOT Jiy Call, Mr, "Allen Wot having. ween—th ~—-H WASapHarent that the conference | Secretary for several years. had promised to arett Mr, THOMESy ORY bank If he could show -thathe nad sut- of the was “stall gf the run, “Expertp were soon at? work on the securities. Hamilton Fish, Asaistant States ‘Treasurer, jclera and bankers |perore the ocnference the meetng-in. the Morgan bank: and/ the situation at the Sub-Treagury. while|the run and that tho’ expected gen- {thelr favorite investment securities, the sub-Treasury nerogn the atreet.; J. plerpont Morgan was exercising ,eral run on banks and trust, oom-| Pressure on tho New York Btock Ex- where Secretary of tha Treasury Cor-| general, xuperylaton over the situation] panies had falled to materialize, all | Charge Appeared to be luvellca on a telyou was recelving reports, Secretury Cortelyou deposited In New York banka, for the purposo‘of relleving the situation, between $10,000.00) and $15,000,000 during ‘the day, Whenjhe left Wall street this afternoon he sald he had been “bracing up weak/spots." The meeting In Mr. Morgan's office Wan not continuous. Bly bankers and financiers hurried In and out, appar- ently in response to summonses Issued | by Mr. Morgay. They refused to dis- cuss the meeting further than to say from house, 3 over the condition of House banks. House Institutions to-, balance of $500.10, tonal, with a d (Continued on’ Second Page.) 10 Times Better Than All Others The Workt: Oct, 12th, 1907, I wished to demonstrate the “pulling” qualitizs of the leading New York, newspapers and put ‘the same advertisement int several papers. “1 received more than ten times as many replies to The World Aa. than I did from all the other papers combined. _ Very truly yours, DAVID P, SALTZMAN, 453 West 66th St, N.Y, City. It's the Same Old, Old Story, That VORLD WANTS WoRK WONDERS: Captains of Finance Attend a Confer-| ee __BY SECRETARY CORTELYOU. | A mmomeftous conference bearing upon the banking situation WAS! Gretna Green turned into the stretch held this after moon at the oificeof J. Rierpont Morgan, who brought ith Some twenty-five or thirty of the leading financiers, captains of a - industry and bank and trust-company presidents of the country attended shind Gretna Green to be third. “He Harrintan, Henry C. Frick, Thomas F, Ryan, Norman By Paul Morton; “preTREATT Edward King, president of ithe HS Gary] prevdent-and-chtirman of the United "States Steet” “Corporation, “wer that, the banking: condition-in-New: York: Mr. Morgan, they- ry of the Treasury George B, after the close jot banking hours, said to’ callers who Visited him “I haye found the situation yefy en- gournging. A very subsiantial amount has been ad- rthiénat corer ur Watt! andj news hatte United Statex Nassay streets and tte southeast cor- |} ficient. callateral-on hand to-sécure'as! nor of Wail and Brosd sirects were mich money as might be needed to} rallying points forall the leading fnan- city called. ainltea gaeaeee “of “the Treasury “Corteiyou{ toh ofthe “situatien, that the Trust Brayitated between! was recelving vialtors, and talking over a Gis. oMce in his banking The clearing: House Committee sant: out encouraging reports after looking} in the, panking world. the Clenring-| The only Institudens re-j ong continued until the Stock Exchange | quiring assistance from other Clearing-; session day were the Bank! olnciric. lof North America, which had a debit the Mercantile Na it balance of $490,000 CREOLE WAS Interference at First Turn Nearly Unseated Buxton Although He Later Made Up Considerable “Ground and Finished Third: {Speciat te “Ene Evening World — | i AMAICA RACE TRACK, N. Y., Oct. 23.—The-Southampton | Handicap, the feature of the racing card here to-day, was won by Faust, Head of the National Treasury — Department, fier the best horse in the race, Don Creole, was knocked to his knees jand forced back at the first turn. Buxton got Don Creoje into his stride That ts about ali they got, for when {®xain. end inside of a sixteenth had} the Day off station was reached But- “‘} made up the lost ground and was tn | Saas Manor pent tae wecond WON SOUTHAMP ftront. told 9n Before the face there was a. trane- = Tse Stren. itertersar este anes Haus for $7,000. Coat Bine_still ermpty. The theatrics) torse, ‘Samuel’ eatted again Tocday to replenish | in’ front, but Faust came ‘with a great mer fat at the end and wen on the| ¥ coal tins tte wan beaten: head) Den Oreste red on one enough be- RUE Dre rwlerey ueiey Meer eee he was cut’ off, Fifth Race Was Close. Kilter won the fifth race, but the} Jjudgesplaced berd. Stanhope frat. Smelter Geotge T. Davis third, ‘They were a Ip eas.akind of. knockout bam thats Soe woretner AL ANG on Tele the talent recelved in the first race.! ha money went in on Rammed. _ He! To thelr ‘way of thinking Jack Atkin’ never cut muph Mure in the race. Rap- was a good ne for this race. and | pahant was prominent, but sto; ith to him with” conddence, \B is eke eenes There yas a big plunge on Don Creole jand had he won the books whuld have! | paid’ out thousands, tient on Wrong Horse, tox be All sorts of encouraging reports con- }rallroad stocks remrct) at times with trroatett0-toree-2 “pronounced “tatty ns ying orters:—Phere~seemedt to bea The |Heneral opinion that the banking situ [fhe stock market thin ‘afternoon, tom had -ueen. about touched. Every that “ig not actively dealt/in would be dumped onthe market, “The brokers’ took these_males to mean that the sell- Nad placed between $10,000,000 and $15,- 00,00" Ins Now York baka, that” J, Plarpont Morgan and most of the lead- ling fMnanclera of the city had taken the cornors of their strong boxes for Company of America had withstood | few prominent stocks, The general The market closed strong, considering | cures Sees ay ge oe a Sox i ‘ | prospective the ‘panleky ‘conditions Wil prevailed ee etre casita buatneee aie cutlles fairly smothered the fnanclal district, Union Pacific had a stimulating effect, The improvement started at 1 o'clock 8 ran off 61-8, dropping pay ate i SenOURS Tg point between sales, 1,00) shares sell- i ice at announce. | 08 ft 110,-2,000 at 109, 600 at 108, 800 at . recovered a9 12 207 1-2, 100 at 107 1-4, et @ subsequent rebound to 109, |} ‘The frat 0 shares of. Delaware & Hudson sold at a decline of 9, which wan extended to 11 points; Northern Pa- ended. which | drop out Tae a {ment of a receivership, | points over the lowes | few ot“the big native fractional loses on the day's trading. ; ap to ® per cont. ee Ytast. iure recorded in{eite dropped 4, Atchixon 21-2 Brooklyn id _ . Transit 8 Great Northern preferred 4 his in the face of repeated} elit Con 214, Reading, Atiantlc Coast Line, } Bnnouncenients that a number of promi- ‘nent banks were lending money on cail jet 6 por cont. The Bank of N Louisville & Nashville, National Lead yand Mackay Companies 2 Southern y preferred 13-4, American tink 11-2, United States Steel pr A138 dad Amalgamated Copp ican Snure sold at a dcciine pw York loanod £500, 0 on the Stock Exchange at 40 p cent. There were several private loans of $109,C00 each on the foor of the change, at 4, @, 62 and 20 per cent. ‘The Bank of Manhattan, ‘acting for a | pool, loaned $1,700,000 at the latter thr} ure. ‘Then the price of call money ran LATONIA RESULTS. LATONIA RACE TRACK, Oct. aitg t. and,ome loans were} 33. Fue to ne aa ea ay Results tt the races hore to-day wore. PES tala ch oy ax_follo Market la Feverleh, FIRST RACK—No Quarter (2 to 1 The London m was weak all day,| and, to 1) 3, Bon Strong (2 to 1 for sual Fplaca) 2 Anna Smith 3 Phe local market |) SeCOND-RACEEd. ivane, 3 to band nd ubseriata, Influences’ ¢ t0\5) 1, Mirmament (2 to 1 for plage) teto- support the principal 2, Merrigo 8. = but closed strony uy wan fever! en | + i 3 THIRD little while a lump of “stock | ere were pinched and-were digging Into} ~ ‘ON HANDICAP; BEST HORSE IN RACE EVENING WORLD RACE CHART THIRD vAY AL JAMAICA. _ AUTUMN’ MEETING. CLOUDY. ~~. 1hACK FAST. ps ait sees $eer mtsed xix turton oft," 2. Start poor, Won ridden out. OCT. 23. ‘Winner, last, mid-af A tellers off the = Poduessing, Nicardo, Quinn” lasted. Sam Ho Hara i was In a conten “5 25 rong and might” hay Ath bet hen shut off” Frank Lubbock du ies 2 nd 8 half furlongs, | Curing “wane ARBs Miaber. Ba) ‘bat riedly —dnSeute: “tare prem ach! Set Lee it pssokceane | oy Sissisaen: } = reporte $5.8 100 300> 8 vaults $1,500 added; * Won driving. Winner, br. «., by en Tigh Che $d to-night. i] s— 48 18 3 rh isd aed strong. Gretna Green ran, acintsrtered with On'the teat kufn ference, Ballot. Killal aS ager nid out OE icte the stretch where be twilight ols WAS much the best, a he wi but tired, The c! FIFTH HACE Be ar putas fio, aided: Tine —1as do, Post times 3.58 of “f by stanhope I—erete ori, oe % 4 gs one mile and a alxteenth. Son mate Winner, fans Jockers: Le ay rooted? TH RAGE Mal Idgne y Time~1.14, Post 6. 4. Fiorisal’ 1t:—Danlantral, Winner, | special index.” Starters, Wis. Buy the Tru Froliton 10, preety in the ‘3 known es shy 228: This c That the Company Was in Difficulty— five hours, the Trust Company of America in Wall street and. its ‘Colonial ~petanch in Broadway closed their doors for the day this afternoon with the Lincoln, was allayed considerably when the president ordered tha —A- hasty--recapitulation=showed = that} America-and-lia_bransiedisbursed-\ip-} ward of $10,000,000, This was jwithin $2,000,000 of the $12,000,000 which was hur- entictpation-of te tay'y “demand. Hows syndicate of bankers. threw {nto tt fund of $16,000,000. To..Strengthen..Further. It was believed that steps to strength- further would be taken 1at# this afternoon and and famous finan: preparing for the morrow, creep into Wall street est lump_fum that the Trust Company of America pald out. Supreme Court “Monroe, Gansevoort branch—of—the Fourteenth pac Street Bank and to redepoalt—with th Importers and Trade Examination Not Complete... Late to-day It wi been completed and that it would take expert longer to finish thoir work. Gents of the various trust companies | had been called on'to assemble just aaliine pune giles of wold and tat gree ered i Their Ability to ether be the Demands of All Their Depositors. Was Done to Allay Fee ee ale m0 -Confidence- Was-Steadily Growing-at-: the Close of the Day. ter successfully withstanding a determined run tat lasted for ‘Stirring scenes marked the = from ar this morning. until ternoon, run which started unexpectedly on another big iret company, to keep their windows open- -until ‘dark if Aecessary in order to Pay three hundred depositors who still stood inline. Antorest,--96t8,257, the day the Trust Gompany of! ecraped togitiar—Jast night In back-on-tt-it be: trie;aa-was—generalls -srart:-of—clerna appeared at the” Walle: d, that early this afternoon a street building. Aix) Thorne: was calm and “seerninigigy contident. He personally desieted: ¢ other officers in inducing) the deposltors to breakup int ute Mea, one for each of ye paying tellers. of the inatitution an emergency | the threstenod companies Dowhue, who maid He had $9,600 on posit and: that te could not afford lowe it. Five: minutes after he_arrive@— other depositors were coming. a ‘First at the Colonial, Clearing-House committees ra_were atill In con- discusaing the emergency and when the of a troubled —day— began to ably the lary Heya mrithdre wi prove diy, Ces lAre le ec wagit belag tenesteaeioit varias tons. Hete fgr some reason the ded — peultors were plainly tore nervous am@ uneasy—than their fellows around. Wait-strest:—The-frst person, smelt happened, appeared just aa_ watchman wes epening the outer, dott, _o foe stationed berael£at; the paying tebe lors. windaw ain of omy pree Dpured te -endtra—a=long -walt/~Soan= mF tne—little row. of, keven- or elght_ man wave — ; ceil jsned an order author- to" withdraw ~$96,885 “from ered and wiggled and fidgeted at her i Pedestrians (swarming by in {thousants “could “seg the growing line hrough the glass, and every minute or two a new reorult would detach hia elf or herself from the passers-by an@ m) Inaide, Somebody ‘who saw what was happening must-have usedothe telephone jpegity freely, for presently portly busle j eas’ men began to come from. nelghe boring office bulldings at a ralt whlch epproximated © Kalloping. Meanwiillé dozens of. clerks could seen through the window, spaces gate " Watlonal Bank. announced that the examination of the affaira of) at Company of America had not accountants some time} It became] at the same time that the presi. |“ the report of the Trust Com-| mattresses of paper money our of ti 40 jacon as Made hr HOTS |pany of America was fintshed, ‘This, safes: Sogeeurenes Zane, Sit Gaile Gentlem an. a meeting of trust company, presidents Excitement on. the Incre: Carrollton Wonalni ei xallon. Qnatassa ran hia’ race. Miramae closed strong, was to undertake the formation of «| Wits the openthy of thy wintiows a eh protective association of trust com- PRU ye, contua Th) wns turned over to County Detective | panies to take care of the situation. | iroadway, ‘Within: tive. minu Reanton, Reanion communica with Commis- “TEVERYS MAME A. report the Trust Company of America, had President Thorne, ‘atively denominat a ilement ‘existed. Company of America the that ot might be conser fax a condittor 1 was denied. Raines realgned bye te i F stoner Binghamys omce at ‘Headquar- | "h Gadiion to the two New York RoHS onaderroMn ton bacmpenel oad ters and was told that Grady would be | rabiisnments the company nas an FAK-| ‘nat Lv overtidwod the Dig corte furrendered to him to-night or to-mor- lity, branch at No, 98 Gresham street, | dor aid in a doodle: Catia row. morning, | London, Its president In Oak Willan to. Bxenange | Tl . The charge isains: Grady grew out |-rhorne and the llat of directors Jen. Exchange Plc of an Incident of \Gabor Day, Grady | cides hares T, Barney, the presid worl BAe vane: i [res drinking with two women at Twon- | or the guapended Knickerbocker’ ft y rd street and Kighth avenue, He y eeh dosGtriad to Cord Meyer, Wililam T. Sheehan bad sitr'ud ay a roll containing $1800 1g) ace ace + { if : musa Teomen or eine Moy Jara Delafield, W. K. Vanderbile ha \ety fom fund put “uiem and P, A, B. Widener. that he retcole one them 5 ‘j iT ly Minke, of South: ¥: in the Assets and Liabilities Yin ara : condense: 2 al W aan Indictment for assault In the sec- y tuted to be “Bie BH" Devery's / le ie ae na He ae ally to Alene) : i (eee y man In the ol¢ Te hax | tearing date of June 29 of thix y ond degree was returned this afternopn proclaiming: that Dev now. his i) and surplus amounted -| Nowa. mag is bouind his present entangle- |r! in th Conrt of General Seasiona againat enemy, ov ment, x Lieut.’ Dennla Grady, of the Central" ee divided Office Detective Bureau, Judge Crain} Anke ata suuscena wht cis at unce-lasued a bench for Grady, - it rhe ADaWer ly EY. The -asseta were $83,033.4 and bey decked $3,015,588.68; loans, §3,-, borhow: ator tens ogour «set on hale tel shed to {sorta ot rumors filled the. nelaie AIL Ae ta pater thas direst. as follows: and - bonds, Cash, $11 $13, 432, 885.25;