The Butte Miner, 1907-11-04, p.6

The Butte Miner, Butte, 1907-11-04, p.6

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A front-of-section interior news page of The Butte Miner for Monday, November 4, 1907, mixing local Irish-American civic news, financial-panic commentary, wire dispatches, personal notices, and display advertising in a dense six-column broadsheet layout. The dominant editorial subjects are the Panic of 1907 and its local commercial fallout, the health of Butte's Irish-American institutions, and banking-reform debate in Washington. Display advertisements from local merchants — Montana Grocery, Western Fuel Co., and a physician's relocation notice — frame the news columns on the left and right edges. The tone across the news columns is cautiously optimistic about Butte's recovery, with several items explicitly addressing the financial situation facing ordinary readers and local businesses.

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Headlines on this page

  • CLOUDS HAVE SILVER LINING
  • GAELIC LEAGUE IS PROSPEROUS
  • FINANCIERS IN CONSULTATION
  • MR. FOWLER'S IDEA OF NEW CREDIT SYSTEM
  • DOCTOR DODD HAS MOVED
  • COMSTOCK TELLS OF WHAT HE HAS DONE
  • AGENT'S DEATH IS REPORTED
  • Personal
  • FLEXIBLE CURRENCY TO RELIEVE THE SITUATION
  • NEGRO EVADES CAPTURE BY JUMPING INTO RIVER

Clippings pulled from this page

  • GAELIC LEAGUE IS PROSPEROUS

    1907-11-04

    secondarycol 3 · top of column 3, immediately right of the CLOUDS HAVE SILVER LINING lead story; upper third of page, strong headline weight

Juxtapositions

  • The 'GAELIC LEAGUE IS PROSPEROUS' report on Irish-language revival and cultural confidence sits directly adjacent to 'FINANCIERS IN CONSULTATION,' a Panic-of-1907 wire item, placing Irish-American civic optimism cheek-by-jowl with national financial anxiety.
  • The 'CLOUDS HAVE SILVER LINING' financial-recovery column anchors the left news area directly beside stacked Montana Grocery butter-price advertisements, grounding abstract panic commentary in the retail cost of everyday goods.

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6 THE BUTTE MINER, MONDAY MORNING, NOVEMBER 4, 1907. ## Column 1 [advertisement: Montana Cash Grocery] TEL. 47 *Montana* CASH GROCERY COR. W. PARK & MONT. ST. [advertisement: butter] # Butter is of a great many different grades and kinds. We sell only the one kind, and found to be the purest, sweetest and best we could buy. # "Premium Brand" Butter is best by test. Its users say so, and they ought to know. It is not a luxury at this price: Special Price Today Only 5 lb. Tubs - $1.85 2 lb. - - .75 1 lb. - - .40 [advertisement: Sa-luro] Sa-luro —Have you ever known the delight of a Dry Hair Shampoo? Try Sa-luro, and have glossy, fluffy hair. Ask your druggist for Sa-luro. [advertisement: Western Fuel Co.] WESTERN FUEL CO. Agents Kemmerer Coal WHOLESALE AND RETAIL MONARCH AND BEAR CREEK COAL Office 19 W. Granite. Phone 173 # COMSTOCK TELLS OF WHAT HE HAS DONE ## Says His Life Has Been Threatened Because of His Efforts. Battle Creek, Mich., Nov. 3.—In his address before the National Purity congress here this afternoon, Anthony Comstock of New York reviewed his long fight against vice, and particularly the mailing of indecent and obscene books and pictures. He told of nu[m?]erous attacks on his life, which had been made, he said, as a result of his war on vice. One of the favorite methods of the publishers of indecent literature, said Mr. Comstock, is to secure the catalogues of membership from colleges and schools and use them as mailing lists for their obscene products. Mr. Comstock severely criticised the late Robert Ingersoll for his support of the movement to secure the repeal by congress of the so-called Comstock laws, and his criticism brought a sharp defense of Mr. Ingersoll from Rev. Caroline Bartlette Crane, a widely known Unitarian minister of Kalamazoo, Mich. Rev. Crane refused to believe that Mr. Ingersoll's motives could have been other than good, and impelled by some deep conviction. She also objected to Mr. Comstock's characterization of Mr. Ingersoll as an arch heretic. Mrs. M. Everyn Crompton, one of England's greatest reformers, spoke in favor of unfolding physiological mysteries to children. Miss Sevasti Callisperi of Athens, Greece, who overcame the University of Athens' prejudice against women and secured the first B. A. degree given a Greek woman, spoke on education, urging closer communion with nature and more industrial education in public schools. Rev. Joseph M. McCarthy of Kalamazoo, Mich., counseled girls to defend their purity even with the pistol if necessary, and told of the danger of allowing girls to travel alone. ### IT'S CONTINUED TODAY. Hennessy's annual sale of men's underwear that drew such a crowd on Saturday, will be continued today when garments for winter wear, worth from $1.50 to $3.50 each, will go at the popular price of a dollar. Like getting money from home. ### SIR GEORGE PEARCE DEAD. London, Nov. 3.—The death is announced of Sir George Pearce, chairman of the Fairfield Ship Building and Engineering company. He was born in 1861. ### SOME FOR DRURY COLLEGE. Springfield, Mo., Nov. 3.—J. H. George, president of Drury college, was notified today that Drury college is to receive $50,000 from the federal education board of New York. The money is part of that given by John D. Rockefeller to be distributed among various colleges. ## Column 2 # CLOUDS HAVE SILVER LINING ## T. J. WALSH, RECENTLY RETURNED FROM EAST, SAYS PROSPERITY REIGNS. ### CLOSING OF BUTTE MINES ONLY TEMPORARY, HE SAYS Former Democratic Candidate for Congress in Montana Believes That William J. Bryan Is Choice of Party for President. Hon. T. J. Walsh of Helena arrived in the city last evening and will spend several days in Butte attending to legal business before the federal court. Mr. Walsh, who was the democratic candidate for congressman from Montana last fall, has recently returned from a trip to Chicago and other eastern cities, and has much to say concerning the financial and political situation at present existing in the other end of the great United States. He was a delegate to the national convention of the Civic league, which recently convened in Chicago, and while there met people from nearly every part of the country. With these he conversed freely and from them gained a comprehensive knowledge of the conditions existing insofar as the financial condition of affairs of the nation are concerned. ### General Prosperity. "I was impressed with the peculiarly striking situation which has for the past few weeks confronted the American people," said Mr. Walsh last evening at the Thornton hotel. "While in Chicago and afterward in New York city during the very time that the financial flurry was at its worst, it was obvious to the most casual observer that the country was in a most prosperous condition. Throughout the entire republic crops were abundant and money seemed everywhere to be plentiful. But in the financial centers of the nation money was scarce and a panic seemed impossible of being averted. "I heard a great deal of the controversy which is supposed to have existed between the Amalgamated people and Mr. Heinze, but of this matter I have no personal knowledge. However, I ascertained that in New York banking circles Mr. Heinze was considered a factor which it was much desired to eliminate from the situation. ### Obstacles Swept Away. "Be that as it may, there is no doubt in my mind that the present condition of affairs is but transient. From what I learned in New York, the closing of the mines of Butte is only temporary, and that after the clouds have passed, the future will be even brighter than the past. "Among all classes of people in the east there seems to prevail an indomitable spirit of energy which is able to overcome all obstacles which may at any time present themselves in the financial and commercial world. For instance, the recuperation of the stock market in New York was something to be marvelled at, albeit powerful influences lent a timely and kindly hand. "In regard to the situation in Montana, I must say that from what I have observed in my travels over the state, the situation in Butte is not felt to any great extent outside the copper metropolis. In Helena times were never much better, and I am told that the banks have experienced not the least inconvenience on account of the distressing conditions prevailing in the financial centers of the nation. In Billings and other eastern Montana cities prosperity seems to reign as tranquilly as before the approach of the stormclouds in New York. ### Political Activity. "In the east there is considerable political activity, notwithstanding the fact that the presidential election is yet nearly a year distant. In New York the fusion of the forces of William R. Hearst and Parsons, who is accredited with being the New York manager of President Roosevelt, seems decidedly to have injured the chances of the republican party in the coming campaign. On the other hand, the pretended friendship of Hearst for Bryan seems not to have injured Mr. Bryan in the least. We hear out here in the west a great deal about Bryan's loss of influence south, but that is all unreliable. The fact of the matter is that Bryan is stronger in the south than ever before. "The hold of the famous Nebraskan upon the American people is truly remarkable. That he will be the candidate of the democratic party for the presidency next year seems now to be practically assured. He is so popular, judging from what I learned in the east during my recent trip, that if an election were to be held tomorrow, he would receive at least six million votes. And that without any campaigning." "Do you think Roosevelt will be the nominee of the republican party?" was asked. ### Concerning Third Term. "Really," replied the prominent Montana democrat, "it is too early to venture predictions, but in my own opinion I am free to say that Roosevelt is wise enough to know that the American people take him at his word and that much of his remarkable popularity lies in the fact the people believe him to be a man who never changes his mind. Should he decide to accept the nomination in face of his declarations, he would lose hundreds of thousands of his erstwhile ardent supporters. "And yet I am persuaded that Roosevelt loves a fight. If he becomes convinced that the great moneyed interests of the country are opposing him, he may venture forth into the political arena for the sole purpose of combatting these forces personally and determining ultimately whether he or they are the real dictators of American politics." ### Congressional Rumor. When asked as to the probable results ## Column 3 of the coming session of the national congress, Mr. Walsh had little to say. He paid a glowing tribute to the ability of Congressman Pray, however, and said he had understood while in Washington that Mr. Pray would be made a member of the lands committee of the lower house. "In that event," said Mr. Walsh, "my erstwhile opponent will be able to render great service to the people of Montana." Mr. Pray is in the city at the present time and an attempt was made to see him last evening at his hotel, but he refused to be interviewed and said emphatically that he had absolutely nothing to give out. To a prominent local republican, however, Mr. Pray is quoted as having stated that he was playing "foxy." He is asserted to have declared that he would say absolutely nothing apropos of the government land situation until after congress convenes next month. He is supposed to have considerable influence with Senator Dixon, whose close personal friend is Speaker Cannon, and it is considered likely that he will receive recognition at the hands of the presiding officer of the lower house. # Personal O. P. Chisholm, a prominent business man of Bozeman, is spending a few days in Butte. T. J. Walsh, a prominent Helena attorney, is in the city on legal business. [H?]e is stopping at the Thornton. Attorney C. B. Nolan is stopping at the Thornton. He is in the city on legal business before the federal court. Congressman Charles N. Pray and wife are guests at the Finlen hotel. They arrived in the city last evening from Helena. Mr. Pray expects to leave shortly for Washington to be present at the opening of the session of congress. H. L. Walker, a brother of L. A. Walker, the manager of the Finlen hotel, is spending a few days in Butte on business. W. A. Roland, one of the prominent business men of Logan, is in the city on a pleasure trip. He is a guest at the Finlen hotel. H. J. Finn, who is connected with the George A. Hornel Packing company, is a guest at the Finlen. He arrived from Austin, Minn., last night on the Great Northern. ### BORN. Elderkin.—To Mr. and Mrs. G. H. Elderkin, 37 North Alabama street, November 3. a son. # FLEXIBLE CURRENCY TO RELIEVE THE SITUATION San Francisco, Nov. 3.—Forty clerks were at work all day today in the clearing house preparing certificates in denominations of $5, $10 and $20, which, endorsed by all the banks in the association, will be issued tomorrow morning by the clearing house. These certificates are to constitute a flexible currency for use in retail trade and to meet payrolls until the present coin stringency is relieved. The certificates will be accepted as legal tender by the thirty-two banks in the clearing house association and will do much to relieve the local situation until expected currency shipments from the east are received. The certificates will be retired as quickly as possible by the banks because of the large amount of securities deposited with the clearing house to secure them. ### MICHELSON IS HONORED. Christiana, Nov. 3.—There was a great popular demonstration here today in honor of the retiring prime minister, P. C. H. K. Michelson. Fully 50,000 persons marched in procession through the main streets of this city and gathered about the residence of M. Michelson, who was given an ovation. ### MUTINEERS ARRESTED. St. Petersburg, Nov. 2.—The latest advices from Vladivostok say that 150 arrests have been made in connection with the recent mutiny there, the persons arrested being for the most part soldiers and sailors. Merchantment lying in the harbor steamed outside before the firing began and thus escaped being damaged. ### COUPLE OF SHAKES. Cape Girardeau, Mo., Nov. 3.—Two distinct earthquake shocks were felt here tonight. The first shock, at 9:55 o'clock, lasted from six to ten seconds and the second quake from two to three seconds. Both passed from the southeast to the northwest. ### NOTHING TO IT, SAYS DUKE. Turin, Nov. 3.—The Duke of Abruzzi denies the report that he is engaged to be married to Miss Katherine Elkins, daughter of Senator Stephen [B?]. Elkins. He is reported to be most annoyed at the prevalence of this rumor. ### TO ISSUE CERTIFICATES. San Francisco, Nov. 2.—The local bankers today decided that for a time clearing house certificates in small denominations would be issued to meet demands for payrolls. This step was taken to provide a small negotiable currency in lieu of cash. ### SAMARKAND SHAKEN. Samarkand, Nov. 3.—A violent earthquake occurred here this morning, but did comparatively little damage. The inhabitants of Samarkand were panic stricken and rushed out into the streets. For a time great excitement prevailed. ### ISAAC SURRATT DEAD. Baltimore, Nov. 3.—Isaac Surratt, whose mother was executed for complicity in the assassination of President Lincoln, died today, aged sixty-six years. The body will be buried in Washington beside that of his mother. ### ARTILLERYMEN KILLED. Bourses, France, Nov. 2.—The explosion of a shell at the government factory here today killed six artillerymen and mortally wounded three others. ### Missed His Vocation. Reginald de Koven, the composer, tells of a grocer and a druggist who attended a Wagner concert. As the program did not please them, they began talking on music in general and on Wagner in particular. "Another example of the fact that every man wants to do something out of his line," said the druggist. "That's right," assented the grocer. "Now I'm a grocer, but I've always wanted to be a banker." "You'd probably fail," added the druggist. "Look at me. I'm a success as a druggist, yet I've always wanted to write a book. This man Wagner tries his hand at music. Just listen to it. And yet we all know he builds good parlor cars!" —Success Magazine. In a store, when more traveling salesmen than customers appear, that is hard times. ## Column 4 # GAELIC LEAGUE IS PROSPEROUS ## SPLENDID RECORD HAS BEEN MADE IN STUDY OF OLD IRISH LANGUAGE. ### Election of Officers Is Held, Work of First Year Is Reviewed and Forecast Made of Future Plans. President Is Reelected. Review of the progress made by the Gaelic league in the nine months since its organization was in order at yesterday's meeting, at which officers for the ensuing year were elected. James P. Moriarty was chosen president for another term, and the other officers are: John M. McCarthy, vice-president; Dennis Shea, recording secretary; Thomas Belford, financial secretary; Daniel O'Neill, treasurer; John J. McCarthy, librarian, and Father O'Kennedy of St. Joseph's parish, chaplain. The officers chosen are enthusiasts in the study of Gaelic, and are numbered among the experts for their proficiency in the ancient language. President Moriarty is one of the best Gaelic scholars in the country today, and Vice-President McCarthy is a capable instructor, having devoted much time to the study prior to the organization of the league in Butte. Dennis Shea, the recording secretary, is a graduate of the national schools in Ireland, as is also Daniel O'Neill, the treasurer, and John J. McCarthy, the librarian. All three have completed their education in this country. Thomas Belford, the financial secretary, is a graduate of the University of Dublin and Father O'Kennedy was educated at the famous college of Maynooth, where he was editor of the paper published in Gaelic. He is the only priest in Montana having command of the ancient tongue of Erin, and is especially competent to take a leading part in the work of the league. There are about 300 members in the various classes, and a remarkable amount of work has been accomplished. The fifth grade has just been completed and the students are ready to take up more advanced instruction. The fifth grade corresponds to the eighth grade of the public schools, and this course has been completed in nine months by the class, many of the members having never seen the Gaelic alphabet until this year. The program yesterday had as the first part a number of Irish dances—a four-hand reel by Con Creede and Daniel Coleman, Miss Katie Murphy and Miss Annie Shea; hornpipes by Miss Frances Buckley and by John Leahy, Daniel Coleman and James Connell, and a jig and reel by John Leahy, James Connell, Miss Nora Sullivan and Miss Frances Buckley. William Hickey played a violin solo. Songs were given both in English and Gaelic, as follows. "Come Back to Erin," Mrs. Rose Sealy; Gaelic song, Peter Moynihan; "Eileen Alannah," Miss Kate Kelly; Gaelic song, Mrs. J. H. McCarthy; "Who Fears to Speak of '98?" William Powers; Gaelic song, John Sullivan; Irish patriotic song, Con Sullivan; Gaelic song, John Leahy; "Kathleen Mavourneen," Miss Frances Buckley, and "The Harp That Once Thro' Tara's Halls" and "The Minstrel Boy," sung in Gaelic by the junior class. President Moriarty gave an original ode in Gaelic, and closed the meeting with an address in which he congratulated the organization on the progress already registered, and urged the members to even greater zeal in revival of the Irish traditions and language. ### Pneumonia. This is one of the most dangerous, and often fatal, diseases. It always results from a cold or an attack of influenza. Chamberlain's Cough Remedy quickly cures these diseases and counteracts any tendency towards pneumonia. It is made especially for these and similar ailments. For sale by all druggists. ### ACTOR MAN UP AGAINST IT. New York, Nov. 3.—M. B. Curtis, formerly a well-known actor, who for many years starred in "Sam'l of Posen," was brought to New York tonight from Wilmington, Del., where he was arrested on a charge of grand larceny. The complainant is Marcella Marsteller, a singer, who claims that she gave Curtis $500 with which to purchase scenery for a theatrical production for her. She charges that the scenery was never purchased. Curtis years ago made a fortune on the stage, but was forced to spend most of it to free himself from the charge of murdering a policemen [sic] in San Francisco. His trial was one of the most sensational criminal actions on the Pacific coast. ### PROMINENT ATHLETE HURT. New York, Nov. 3.—Dennis Horgan, a well-known athlete, was seriously injured today during an altercation with Clements Lugi, a fruit peddler. Horgan was hit over the head with an iron shovel and his skull fractured. He is said to be in a critical condition at the hospital. Horgan was a shot-putter. In 1900 he held the American record with the sixteen-pound shot, and his put with a twenty-eight pound shot in 1896, 36 feet 3 inches, still stands as a record. ### TO AID THE BANKS. Des Moines, Nov. 3.—The executive council of the Iowa Federation of Labor this evening adopted resolutions calling on all members of labor unions to cooperate in every way with banks and business interests during the present financial stringency. The resolution also urges the laboring men to accept no reduction in their wages, and declares that the federation will stand by this resolution to the point of striking if necessary. ### HE'S ON HIS WAY. Andover, Conn., Nov. 3.—After spen[d?]ing Sunday and parts of two nights here getting rest and sleep, Edward Payson Weston, who is walking from Portland, Me., to Chicago, left Andover at 12:05 a. m., with Hartford as [his?] immediate objective point, which he expects to reach about five o'clock tomorrow morning. He is in good condition with the exception of a slight cold as a result of being out in the rain Saturday. ## Column 5 # FINANCIERS IN CONSULTATION ## CONFERENCE IS HELD IN LIBRARY OF J. P. MORGAN'S HOME. ### Seventeen Prominent Men of Affairs Present at the Meeting. Saturday's Session Had to Do With Moving Grain and Cotton. New York, Nov. 3.—The second of a series of three conferences between men representing large financial interests was held at J. P. Morgan's library, adjoining his residence, tonight. At a late hour the party had not broken up, and no intimation had come from the library as to the subject or subjects under discussion. The seventeen financiers present include J. P. Morgan, George W. Perkins and Charles Steel of Morgan & Co.; James Stillman of the National City bank, George P. Baker of the First National bank, Henry C. Frick, E. H. Gary, Thomas F. Ryan, Richard Trimble and Grant B. Schley of the stock exchange firm of Moore & Schley. Most of those present attended the all-day conference at the library Saturday and Sunday, and it is understood that another conference is planned tomorrow. Concerning yesterday's meeting, Mr. Perkins said that it had been arranged primarily for a discussion of the prospects of moving the grain and cotton crops. "A prompt movement of grain and cotton to the seaboard," he said, "and its early loading on board ships for export, means a great deal to the present situation, indirectly, because as soon as our cotton and grain is loaded, we can draw again and thus relieve the foreign exchange situation materially." At midnight William Solomon, Isaac Seligman and four others joined the party in the library. These men came from the Waldorf-Astoria, where the directors of the Trust Company of America had been in session for several hours. President Oakleigh Thorne of the trust company presided at the meeting, and it was thought he might have a statement to make later. At the same time, in an adjoining room at the Waldorf, the directors of the Lincoln Trust company were holding a meeting. All conferences had continued after midnight, when nothing concerning any of them had been given out. # NEGRO EVADES CAPTURE BY JUMPING INTO RIVER Knoxville, Tenn., Nov. 3.—In view of 300 people, Jim Davis, a negro, who had shot two negro women early Sunday morning, leaped from t[h?]e railing of the Tennessee river bridge into the water, 100 feet below, and was [d?]rowned before he could be rescued. Pursued by two deputy sheriffs, Davis climbed to the top of the railing and, pulling a pistol from his pocket, fired five times in the air, scattering the crowd which was trying to prevent him from suicide, and then, counting "one, two, three," jumped head foremost. In his last words before leaping, Davis declared that he had killed twenty-six people. ### MANAGER ATTEMPTS SUICIDE. Philadelphia, Nov. 3.—Gustavus Wegefarth, lessee and manager of the Grand opera house and president of a company which is erecting the new William Penn theater in this city, attempted suicide at his [h?]ome today. Mr. Wegefarth, with his son, was entertaining friends at his home, when he left the party and went to his bedroom and shot himself. The members of the party found him lying on the floor with three bullet wounds in his head. He was taken to a hospital, where an operation was performed, and it is said he has a possible chance of recovery. ### WALKERVILE [sic] TEAM BEATEN. #### (Special Dispatch to the Miner.) Miles City, Nov. 3.—Miles City today defeated the Butte state champion football team by the score of 23 to 0. Miles City had the ball within a foot of the goal in the second half when time was called. [advertisement: Montana Optical Co.] [illustration: eye] Eyes tested free. Glasses fitted free. At the Montana Optical Co., 22 W. Park, in Mayer's. By an accomplished Optometrist Of years' experience In the largest Optical parlors In the east. There is no one in Butte So competent, Nor so successful In perfect fitting, As is our optometrist. Complicated cases of vision Especially desired. Satisfaction guaranteed. As to prices, They must be The lowest in Butte, Or we shouldn't be In Mayer's store. So justly noted for Selling for one-fourth less Than elsewhere. Come get fitted free. Satisfaction guaranteed. Then price around. Yes, price around, To see for yourself Whether or not you won't Save money by patronizing The Montana Optical Co., 22 W. Park, in Mayer's. [illustration: eye] ## Column 6 # MR. FOWLER'S IDEA OF NEW CREDIT SYSTEM (Continued from Page One.) and contracting with the ordinary demands of the smaller trade, precisely as checks and drafts do in the broader field of commerce. "We have not proceeded far enough in the present financial crisis to get a pretty clear perspective of the real situation. "First, the condition is now general, reaching every nook and corner of the country. Second, if the gold certificates, the United States notes and silver certificates or the reserve money which the banks of the country have sent in agricultural districts of all sections to settle up the year's business, I say, if these reserves now scattered broadcast over the land were in the banks where they properly belong, there would be no money panic this fall. ### Offers Proof. "The proof of this assertion is conclusive. During the past four months there has been sent from the banks into the country districts approximately $300,000,000 of currency. Of this amount $250,000,000 approximately was reserve money, which, if it were now in the banks, would serve as a basis of more than $1,250,000,000 credits or loans, and the present crisis would have been averted. "This result could have been accomplished without increasing our bank reserves to the extent of a single dollar without increasing the liabilities of the banks of the country to the extent of one cent. "I challenge any man to controvert this statement and submit the following as absolutely conclusive proof of the assertion: "If the banks in which the $250,000,000 had been deposited had been authorized, as they should have been, to create bank note credits as well as bank book credits, and they had proceeded to convert this $250,000,000 of bank book credits into bank note credits, the banks would not have been affected in any degree or in any way, and the whole country would have been amply supplied with currency with which to transact all the fall business. "How could this have been done? Simply by authorizing each bank to issue cashiers' checks, payable to bearer, which is a current credit; that is, credit that passes by mere delivery, requiring no endorsement. By this process the $250,000,000 of bank book credits would have been converted into bank note credits, and as the reserves required for both forms of credits should be the same, there could have been no change whatever in the situation. The bank debt is the same, the amount of the reserve is the same. It has been only a matter of bookkeeping. ### In Other Countries. "An issue of credit currency adequate to meet the requirements of trade and currency redeemed in gold coin is a principle followed by every civilized country in the world except our own. Mark this: The banking power of the United States in 1890 was about $5,000,000,000 and now exceeds $16,000,000,000, or equal to the entire banking power of the world in 1890, which Mulhall placed at $15,950,000,000. The banking power of the entire world outside of the United States is only $21,952,000,000, and of this amount 20 percent, or more than $4,000,000,000, is in cashiers' checks or current credit; that is credit currency, and yet, while the United States has three-sevenths of the banking power of the entire world, it has not one single dollar of current bank credit, although the four-sevenths of the world's banking power has the advantage of $4,[0]00,000,00[0] current credits or credit currency. On the same basis we are entitled to have $3,000,000 of currency credit or credit currency. "If this principle were broadly adopted in this country, as it should be, our bank reserves might be increased from an average of 9.92 percent to about 20 percent and our banking liabilities remain practically the same. "Cany [sic] anyone give a single reason why we should use a checkbook for credit to order and not use a current credit on the same bany [sic] on which we draw our checks? Is not the cashiers' check just as good as our check on the same bank—indeed, far better—when protected as it should be by a guarantee fund deposited with the United States government many times more than ample to insure its redemption in gold coin. ### What It Would Mean. "If the banking institutions of the country could exchange one billion dollars of cashiers' checks for one billion in the banks on July 1, 1907, our bank liabilities would be increased [a]bout 8 percent, while our reserve [w]ould be increased 100 percent, and in-[s]tead of advantage reserve being about [1]0 percent it will be 20 percent, and t[h]is end alone is sufficient to justify t[h]e adoption of the principle of cur-[r]ent credits. "Scotland has a current currency issued by the banks that expands and contracts twice a year at the rate of $1.22 per capita, or $500,000. "The same ration [sic] would give the United States about $1,000,000,000 of credit currency, but we have not one cent of credit currency, though we [advertisement spans columns 6-7, below the text of both columns] ### Butte, Anaconda and Pacific Railway Company. EFFECTIVE NOVEMBER 1, 1907. TRAINS GOING WEST. No. 1—Leave Butte 9:40 a. m. Arrive Anaconda 10:40 a. m. No. 3—Leave Butte 1:00 p. m. Arrive Anaconda 2:00 p. m. No. 5—Leave Butte 4:50 p. m. Arrive Anaconda 5:50 p. m. No. 7—Leave Butte 11:15 p. m. Arrive Anaconda 12:15 a. m. TRAINS GOING EAST. No. 2—Leave Anaconda 8:00 a. m. Arrive Butte 9:00 a. m. No. 4—Leave Anaconda 11:20 a. m. Arrive Butte 12:20 p. m. No. 6—Leave Anaconda 3:00 p. m. Arrive Butte 4:00 p. m. No. 8—Leave Anaconda 6:25 p. m. Arrive Butte 7:25 p. m. Train No. 6 connects with O. S. L. R. R. at Silver Bow. Trains 2, 6 and 8 connect with N. P. Ry. at Durant. Trains 2 and 8 connect with G. N. Ry. at Butte. Trains 1, 2 and 5 will stop on signal at Miles Crossing, one mile west of Dawson. Steamship tickets to and from all points on sale. ## Column 7 # DOCTOR DODD HAS MOVED ## NEW OFFICE, 115 N. MAIN ST., MODERN IN EVERY PARTICULAR. Solid Gold Glasses $3.00; Any Lens Duplicated, 50 Cents; Consultation Free; No Guesswork; No Paralyzed Eye Muscles. Dr Dodd, the specialist on eye and nervous disease, has moved his office to 115 N. Main street, second floor. He furnishes the best solid gold frames, any style, with lenses to fit the eyes, for $3.00; carries a large stock of ready ground lenses and is prepared to duplicate any lens in ten minutes for 50 cents. need it more than any country in the world. France has a credit currency issued by the Bank of France, which is constantly expanding and contracting throughout the year at the rate of $1.73 per capita, or $67,600,000. "The same ratio would give the United State [sic] $150,000,000 of credit currency. "Canada has a credit currency issued by the banks that expands and contracts at the rate of $3.29 per capita every fall, or $25,000,000. "The same ration [sic] would give the United States $280,000,000 of credit currency. But we have none." # AGENTS DEATH IS REPORTED (Continued from Page One.) around the coal mines. Furthermore, Vanderwyde was a witness at the grand jury hearing in this city and must have seen and known Walker, who was also around headquarters here constantly. The claim that they thought Walker a stranger, therefore, was not tenable. Both Mason and Vanderwyde were placed under arrest. A coroner's inquest will be held on the body of Walker tomorrow. Late tonight a telephone message from Durango contained information based on the authority of Thomas Harper entirely at variance with the statement coming from the Hesperus people. Harper was the first to communicate with Durango authorities, going several miles to reach a telephone. He stated that he and his two companions who went into the mine did not learn of the killing of Walker until they came out, and that it was not true that they came out through the mouth of the tunnel, but that, instead, they had returned to the surface by means of the rope ladder by which they had descended into the mine. Harper also stated that four bullet wounds were found in Walker's body. At the jail tonight Mason is said to have told that Walker fired two shots at him and had been killed by Vanderwyde in defense of Mason. Harper claims that Walker's revolver shows but one cartridge discharged and that this was exploded in shooting at a mark yesterday. Harper further stated, according to t[h?]e dispatch, that the Hesperus people were notified on Friday that on that date the mine would be inspected by government agents for the purpose of ascertaining whether or not the boundry [sic] lines of the company's property had been reached. On going in the direction of the mine on that day, the story continues, the federal agents were followed and abandoned their plan until today. ### FAMOUS OLD RELICS ARE TO BE SOLD AT AUCTION #### (Special Dispatch to the Miner.) Helena, Nov. 3.—The personal property at Ft. Assiniboine, in northern Montana, the famous old stronghold against Indian warfare, is to be sold at auction. The various articles with each of which is connected a tale of strife and bloodshed, are attracting many curio collectors from every part of the country, and it is believed that the relics of pioneer days will command good prices. Since the abandonment of the post by the government the citizens of Havre are endeavoring to secure the opening of the land to settlement, the buildings being kept intact for a training school. ### SOMETHING DOING. Panama, Nov. 3.—The independence of the republic of Panama is being celebrated today with enthusiasm throughout the entire country, as well as in the canal zone. Acting President Obaldia inaugurated a new school of arts and trades in this city today.

Peripheral items I've noted

  • CLOUDS HAVE SILVER LINING [centre-left lead]

    Lead column on the page. Headline suggests editorial-style commentary on commercial/financial recovery from a slump. The 1907 financial panic peaked in October-November 1907, so this is plausibly Panic-of-1907 recovery commentary. Body not legible.

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  • GAELIC LEAGUE IS PROSPEROUS [centre-top — Irish-American hit]

    Sub-head reads "SPLENDID SHOWING WAS MADE AT MEETING OF GAELIC LEAGUE — THREE CANDIDATES" (partly legible deck). The Butte branch of the Gaelic League (the Dublin-founded Irish-language-revival society, founded 1893 by Douglas Hyde) making progress; three candidates initiated. The same Gaelic-League chapter the Norah Sullivan / Successful Gaelic League / Gaelic League 1st Anniversary clippings pertain to. Worth a higher-resolution clip pull and a possible promotion to its own clipping record.

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  • FINANCIERS IN CONSULTATION [centre]

    Headline. Likely a Panic-of-1907 wire item.

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  • MR. FOWLER'S IDEA OF NEW CREDIT SYSTEM [centre right]

    Politics / finance — likely Charles N. Fowler (US congressman from NJ) on banking reform, ahead of what became the Aldrich-Vreeland Act of 1908.

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  • DOCTOR DODD HAS MOVED — NEW OFFICE 116 E. MAIN ST. [display ad, top right]

    Doctor's relocation notice. Building-name detail in the body may include "Murphy Block" (Butte real-estate name — worth confirming at higher resolution).

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    • advertisement
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  • Personal [boxed column, left]

    Standard daily Personal column — visits, departures of named local figures. Names not legible.

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  • MONTANA GROCERY display ads (hams, butter, premium brand)

    Stacked display ads from the Montana Grocery Co — period commercial colour.

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    • advertisement
  • WESTERN FUEL CO. — COAL [display ad]

    Standard fuel-merchant ad. The transition from wood to coal as Butte's primary domestic fuel was complete by 1907.

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  • COMSTOCK TELLS OF WHAT HE HAS DONE [centre]

    Headline. Possibly a Comstock Lode / Nevada mining figure reflecting on past work.

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  • AGENT'S DEATH IS REPORTED [bottom right]

    Wire item — death of an agent (insurance, railway, government?). Body not legible.

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  • FUNERAL OF OLD MILLS — TO BE HELD AT MARYTOWN [or similar headline]

    Funeral notice. Body not legible.

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  • DOMESTIC TRAGEDY [bottom]

    Period crime / domestic sensational item. Body not legible.

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Page ID: 1907-11-04_butte-miner_p06