New York Financiers Confident
Crisis Has Passed
BIX SMALL BANKS QUIT
New York, Oct. 29.—The principal
events in the financial district indi-
cated that the worst of the crisis was
over, and that conditions were settling
down to normal. There were no further
bank suspensions, and reports were
favorable for the resumption of most
of the banks which closed temporarily
last week. The engagement of $18,750,
000 in gold from Europe for importa-
tion to New York was followed by the
sensational announcement of sales of
American copper abroad, which will
further increase the tide of foreign
money to this country to an aggre-
gate of over $25000,000. This, with
the rapid rise of good securities on the
stock exchange, in some cases follow-
ed by a slight reacton at the close,
and the policy of the trust companies
pot to pay out currency for hoarding
purposes, all contributed to strengthen
the feeling in banking quarters and
among the public at large.
Runs upon banks practically ceased,
partly because recognition that they
were unnecessary and unjustifiable,
and partly because of the policy adopt-
ed to pay large checks only in certl-
fled checks on depositary banks. This
system of payment worked no appar.
ent hardship and was the cause of very
little protest. Small checks were paid
promptly in currency, and larger
amounts where it was demonstrated
that currency was required for pur-
poses other than hoarding. It is still
possible for a frightened depositor to
transfer his account from one institu-
tion to another by depositing a check
in the depository for which he now
has a preference, but he cannot with.
draw large amounts in gold certificates
to be locked in a safe deposit vault, as
was the case last week.
The clearing house began issuing
loan certificates. The indications are
that banking institutions will not pay
out large amounts in currency, except
to meet legitimate requirements of
their clients for current business, It
has long been the practice of trust
companies and some of the smaller
banks, in meeting checks for consider-
able amounts to draw checks upon the
national banks with which their re-
serves are kept. If they pursue this
policy until the end of the present
orisis It will not be a departure from
their usual practice. Such checks under
ordinary circumstances are preferred
to currency, and if currency is demand.
ed in unusual amounts it will be re-
fused unless evidence is given that fit
is required in good faith and for other
purposes than hoarding, to prevent
which is the main purpose of this
step.
The institutions which closed their
doors Friday with the sums due de |
positors, were:
The United States Exchange bank,
Harlem, $600,000.
International Trust company, about
$100,000.
The Borough bank, of Brooklyn,
$4,000,000,
The Brooklyn bank, $3,500,000,
Willlamsburg Trust company, Brook.
lyn, $7,600,000.
First National bank, of Brooklyn,
$3,500,000.
On the other hand, a number of fa-
vorable features marked the day. Ths
Trust Company of America and the
Lincoln Trust company, the two or-
ganizations which have suffered most
from runs, have been slowly paying
out to their depositors and meeting all
demands. In the case of the Trust
Company of America the run has well
nigh spent its force, after about $20,-
000,000 had been paid out.
Upon application of State Attorney
General Jackson, temporary receivers
were appointed for the Knickerbocker
Trust company, which closed its doors
on Tuesday, after a run of by its de-
positors.
The aggregate amount of money
which had been contributed in order
to weather the storm and restore con:
fidence assumes truly colossal propor
tions. Roughly estimated, it includes
$25,000,000 which Secretary Cortelyou
deposited in the New York banks,
$25,000,000 which the Morgan pool
brought to the floor, $10,000,000 which
John D. Rockefeller deposited with the
Union Trust company as a means of
stemming the tide at the Trust Com.
pany of America, and finally another
$50,000,000 which it is understood Mr.
Rockefeller stood ready to advance to
meet any further stress of conditions
-in all considerably in excess of $100,
000,000.
Confidence In Pittsburg.
Pittsburg, Oct. 29.—The close fo the
first day of the new week saw local
financial conditions in better shape
than at any time last week. The feel-
ing of confidence, which has been so
admirably shown, has not diminished
a particle, and not a financial institu.
tion in the city has been obliged to
take advantage of a number of precau-
tionary measures which have been ar
ranged.
Providence Bank Closed.
Providence, R. 1.,0ct. 26.—The Unior
Trust company, on which there was a
run, did not open for business. Corne
lius A. Sweetland was appointed tem
porary receiver of the company.
Loan Certificates in Philadelphia,
Philadelphia, Oct. 28.—The consem
sus of epinien among the leading bank.
ess of this city is that the flurry im
Failure of Knickerbocker Trust Hin
ders Work on Susequehanna Da
Lancaster, Pa., Oct. 29.—The 1
ure of the Knickerbocker Trust com
pany, of New York, has caused the
McFalls Ferry company to lay off 30(
hands who were at work on the Me
Falls ferry dam over the Suseque
hanna river, and will greatly hinde:
the company in the completion of its
power plant. The Knickerbocker Trust
company was the financial agent for
the McFalls company, and as trustee
held the $10,000,000 mortgage placed
on the power plant and dam unde:
which the mortgage bonds were sold
At the time it closed its doors the
trust company is said to have had
about $800,000 on deposit in the insti
tution. The McFalls company Is un
der contract to supply the city of Bal
timore with complete electric light
and power service in 1908. Unde:
present conditions only enough mer
are being kept at work on the dam
ot keep it in shape to withstand the
freshets and high water during the
winter and spring.
MURDERED AND ROBBED
Retired Farmer Killed and Throwr
into Thorcughfare at Atlantic City.
Atlantic City, Oect. ?8.—Absalon
Magee, aged 60, a retired farmer, ol
Weymoth, this county, was murdered
and Is supposed to have been robbec
of about $2000 in cash which he ac
quired from a recent sale, The bod)
was found floating in the thorough
fare, back of the city. That the ma:
had been dealt the fatal blow on the
boardwalk, alongside the boat wharf
was shown by the blood stains on the
walk. His skull had been battered it
with some blunt instrument. Mage«
came to Atlantic City Saturday. Afte)
eating supper he went out for a stroll
and it is thought strangers found ou!
he had a roll of money on his per
son. There was every evidence of
severe death struggle.
The police arrested Jacob Freas,
nephew of the dead man, and are
holding him as a witness in the case
Freas is said to have been in com
pany with the farmer on Saturday, anc
the authorities say spent money freely
on Sunday. They say that whoeve:
committed the crime knew that Magee
had a large sum of money with him
and was averse to placing his money
in banks.
Freas was put through several de.
grees and the chief of police admits
that Freas has made a number of con:
tradictory statements. Freas is now
under indictment by the present grand
jury for assault and battery on his
wife.
ROBBBED OF $14,000
Thief Steals Financier's Grip on i
Railroad Train.
Washington, Oct. 29.—The police ol
this city received information that
William J. Payne, of Richmond, Va.
who is said to be the president of the
Newport News Gas company, the New.
port News & Old Point Railway &
Electric company, and connected with
other large enterprises, while on his
way from Washington to New York
city, was robbed of a leather grip con.
taining $14,000, in bonds and stock
certificates. The robbery was com-
mitted, it is said, while Mr. Payne was
taking a nap in a Pullman in which he
was riding. He believes that the per-
son who stole the grip left the train af
Wilmington, Del.
GIRL KILLS LOVER
Jealous Shamokin, Pa. Girl Ther
: Shot Herself.
Shamokin, Pa., Oct. 25.—Willian
Klinger, of Locust Gap, near here, was
shot dead by his sweetheart, Miss
Lucy Doughton, of this place, in froni
of her father's residence, after whict
she shot herself, death resulting in
stantly. Klinger had paid Miss Dough
ton attentions for some time, wher
she heard he was of late visiting an
other girl too frequently. Miss Dough
ton grew jealous, and when Kliinge:
called on her she opened fire on him
Miss Doughton was 18 years of age
and Klinger five years her senior.
PRESIDENT IS 49
Received Hungarian Club's Congratu
lations at White House.
Washington, Oct. 28.—President
Roosevelt was 49 years old Sun
day. Beside a quiet family rejoicing
at the White House, the president re
ceived the congratulations of the
members of the Hungarian club o
New York. The reception took place
in the east room, thus continuing s
custom instituted by the members of
the club several years ago in pre
senting themselves to the president of
the United States on the anniversary
of his birth, wherever he may be.
Murdered His Baby.
Pittsburg, Oct. 28.—Joseph Ceninc
is in jail here accused of causing the
death of his 16-monthsold baby,
Mary. It is alleged the father on
reaching the family home in Port
Perry, a mining town, near here, sev
eral nights ago, flew into a passion.
and with a miners’ pick crushed in th
baby's skuil. :
Another Steel Plant Closed.
Columbus, 0., Oct. 26.—The Colum:
bus plant of the United States Stee)
corporation, employing 800 men, has
been closed indefinitely. The orders
received gave no reason for the sus
peaslon.
Woman Holds Up Fifty Auto Parties.
Waterbury, Conn., Oct. 29.—~Mrs.
Mary H. Eylan, of this place, armed
with a broom and cobblestones, ap
peared in tie roadway near her home
and held u; 50 autos. She is sald to
imagine her son was killed two years
ago by an automobile. She held up
the car of C. F. Von Trailer, of New
York, and struck the chauffeur in the |
face with her broom.
William Hoy is slowly improving.
Harry F. Houtz was on the sick list Sat-
urday.
Mrs. Mary Shaffer is visiting with her
parents this week.
Mrs. Mordecai Benner fell last Tuesday
and broke her left arm.
James E. Lenker and daughter, Sara, spent
a few days in Auronsburg last week.
The potato crop is only a fair ove this year
sud the tubers are not keeping well.
Hurry Grove had the misfortune to kill
his young horse one night last week.
M. A. Willisms had the good fortune to
bag a fine wild turkey one day last week.
Robert Brennan fell from an apple tree
last Friday aud broke one of bis shoulders.
Supt. David O. Etters was circulating
among the schools of College towuship Mon-
day.
The wild geese are taking their Southward
journey so we cau expect colder weather
vow, for winter is coming again,
John Bathgate and William Bohn fell
from apple trees recently while gathering
apples but were not seriously hurt.
The farmers are all busy gathering and
hauling apples to Lemont where dealers are
loading several curs of cider and winter
apples.
Griftith Lytle returned howe last Monday,
and took a car load of apples along,
he stating that there are no applesin that
region this year.
The Next Big Football Game.
Saturday, Nov. 2, Williamsport will wit-
uess ber eecond game of the season. Penn-
sylvania State and Dickinson College will
be the contesting teams and to lovers of the
sport who bave ween them play on the
athletic field during the past fonr years
it will not be unecessary to say that the
game will be hotly contested and a splea-
did exponent of the sport.
State has been improving each week since
she met the Carlisle Indians, and her vie-
tory over Cornell shows that the Blue and
White has a topootoher again this year.
Dickinson is working bard under her
new coach and is aiming to reach her high-
est point for this game.
Lovers of the sport in this vicinity will
look forward to a great contest, and the
reduced railroad rates will no doubt take
many of our people to Williamsport vext
Saturday.
Transfer of Real Estate.
The following real estate transfers were
issued doring the paet week by Recorder
John C. Rowe.
Valentine McAvory, et ux to Peter
Haoneom, Oct. 19, 1907, lot in Ruth twp;
consideration $200.
Wm. P. Homee, to Estella Forcey,
May 6, 1905, 1 a, in Buroside twp; con-
sideration $80.
Philipsburg Coal LandiUo., to W. W.
Stevenson, Sept. 3, 1907, 4 a, in Ruoeh
twp; consideration $140.
Lional Shay, to Mathivs Walker, Oct.
22, 1907, 5 a, 10 Howard swp; coneidera-
tion $400.
Mathios Walker, ¢¢ ux to Mathios
Walker, Jr., May 14, 1907, 63% p. in
Haines twp; consideration $5.00.
Lilhe G. Reeder, etux to J. A. Way,
San. 31, 1906, two tracks of land. 106} a,
in Union twp; consideration $1100.
John W, Bale, et ux, to H. H. Tressler,
Oct. 23, 1907, two tracke of land, 60 a,
231 p, mn College twp; consideration
$1200.
H. H. Tressler, et ux to John W, Sale,
Oct. 28, 1907, 64 r, in College twp; con-
sideration $600.
Geo. O. Symmonde, ef ux to Mrs Jane
C. Rothrock, Oct. 26, 1907, lot 37 p, in
Bosh Adaition, Bellefonte; consideration
$721.70.
Catherine Miller, to Thomes Miller,
Sept. 23, 1890, 1 a, 12 p, in Patton twp
consideration $1.00.
Mary Aon Zstile, to Mary A. Gill;
May 15, 18886, 1 8, 136 p, in Spring twp,
consideration $100.
Moses Thompeon, et nx to Cath: rine
Miiler, April 18, 1868, 1 a, 12 p, in Pat-
ton twp;iconsideration $50.
Thos. Miller, to Jno. E. Clark, Oct. 26,
1907, 1 a, 12 p, in Patton twp; coneidera-
tion $50.
JanejHarper, et ux to Jobn Davison,
Oct, 2, 1907, premises in Spring twp; con-
sideration $450,
Barbara Stoner, at al, fo Thos. F.
Stoner, May 11, 1906, track of land in
Haives twp; coosideration $1.00,
Books, Magazines, Etc.
Sr. Nicuoras 1x 1908.~Carolyn Wells has a series
of quaint and humorous verses, which she calls
“The Happychaps," which will run through
several numbers of St. Nicholas. They will have
plenty of pictures, made by Harrison Cady, the
artist who has been illustrating Mrs, Burnett's
“Queen Silver-bell” stories.
Ralph Henry Barbour has written a new serial
for the 1908 volume of St. Nicholas. It is to be
called “Harry's Island’; and wil! carry on the
ventures, adventures, and misadventures of the
Jolly young folk of “The Crimson Sweater and
“Tom, Dick, and Harriet."
In all of the great cities of the United States to-
day there are children who have missed their
natural birthright. We told you about them last
month in the special article, “The Child without
a Home.” Another phase of the question is pre-
sented for your thoughtful consideration in this
month's special article, “The Home withouta
Child.” Scattered over the land, sometimes in
the country, sometimes in the city, are also
homes that for one reason or another lack their
natural right of a little child. Each needs the
other to lead it to the highest happiness.
The Delineator herewith undertakes the mission
of bringing them together. For this purpose
we begin with this number our Child Rescue
Campaign. We intend from time to time to
present to yon specific cases of children who
need homes. They will be children for whom
institutions in various parts of the country are
trying to find the surroundings of family life.
Sometimes they may be orphans, Sometimes
they may have fathers and mothers
who have neglected them. Always they will have
human souls possessed of all the potentiality for
making good men and women, provided some
one will lend a helping hand along the rough way
of life, and through a pew, right environment
they may be a wonderful development for them
in the future,
In telling the histories of these children it is
deemed best not to use the child's real name.
For some of them are heart-breaking histories
#hich it is better should not follow the child's
identity when he or she goes into the new home.
So always when we are talking to you abouts
=hily it will be under his or her Delinentor name,
But the photograph we show you wili be the real
child as he or she looks.
Washington, Oct. 29.—Miss Ethel
Roosevelt, the president's youngest
daughter, has been removed to the
White House from the Episcopal Eye,
Ear and Throat hospital, where an
operation was performed on her nose.
She is somewhat improved, but is
attended by a trained nurse, and Mrs.
Roosevelt is giving her personal atten-
tion to the patient. Miss Roosevelt
was unable to walk to the carriage and
was carried on a stretcher. It is ex-
pected that she will be able to be
about in a few days.
New Advertiscmm ents.
THERE IS STRENGTH
in Combinations, and the strongest pos-
sible combination is a good Painter and
DAVIS' 100 PER CENT
PURE PAINT
This combination eannot be beaten,
why not try it?
Ask Yoar Dealer.
52.41-1t
ANTED.—One married man and one
single man, one to run a dairy wa
and one to work on farm. Inquire of F. T. PECK,
Tyrone, Pa. A2-43-2t
EGAL NOTICE.—Notice is hereby
given that the following account will be
presented to the Court for confirmation on Wed-
nesday, December, 4th, 1907, and unless excep
tions he filed thereto on or before the second day
of the Term the same will be confirmed.
The third and partial account of the Common-
wealth Trust company, of Harrisburg, Pa., trus.
tee of James A. Beaver, for the benefit of the
! ereditors.
A. B. KIMPORT Prothonotary.
| October 30th, 1907. 52-43 4t
i
i
ANTED.—Telegraph students. Nom-
inal tuition. Positions furnished on
railroad as soon as pupil is competent. For full
particulars, write
GEO. GOODLANDER,
Gen’'l. Sec'y. Y. M.C. A
52-42-41 Tyrone, Pa.
ARM FOR SALE. — The Harrison
Kline farm, known as the old John Hoy
place, 2 miles east of Bellefonte on the Jackson-
ville road, containing 220 acres, 20 acres in tim-
ber and orchard, with brick dwelling, goad out.
buildings and barn, mountain water piped to the
| premises is offered for sale, Call on or address
52-42-tf D. M. KLINE, Admini y
Bellefonte, Pa.
OR SALE: —The George Wohlifart farm
in Brush valley, 8 miles below
Wolf's Store; 208 acres, mostly farming land;
ereamery on farm; fine buildings, almost new.
$30.00 per acre; easy terms. Apply to
OLIVE B. MITCHELL,
at Gen, Beaver's Office,
52-41-t1. Bellefonte, Pa.
R SALE.—Finely equipped Pool
and Billiard lor at State College. Two
| tables, one billiard table, Well ronised
the 800 students and general publ Terms
ht. Apply to
W. W. STEPHENS,
52.9.1 State College, Pa.
E WANT YOUNG MEN! The Canada
Life Assurance Company, with an
unparalleled reccrd for sixty years, wants you.
Our agents earn thousands, it all depends on the
man. There is a bright future for you in this
Company. We will help you. Apply at once,
CANADA LIFE ASSURANCE COMPANY
Box 170, Harrisburg, Pa. 52-4-tf
DMINISTRATOR’S NOTICE. — Les-
ters testamentary of administration on
the estate of James I. DeLong, late ot the town-
3hip of Liberty, deceased, having been granted
to the undersigned, all persons knowing them.
selves inde to said estate are requested to
make immediate payment and those having
claims against the same to present them, duly
authenticated, for settlement.
LETTIE J. DeELONG, Administratrix,
Blanchard,
N. B. Spaxorin,
Attorney. 52.28-Ft
UDITOR'S NOTICE. —In the Or-
's Court of Centre county. In the
matter of the estate of Arthur C. Norris, late of
Patton township, deceased. Notice is hereby
Riven that the undersigued auditor appointed by
Orphan's Court of Centre county, in the
above estate, “to make distribution the bal
ance found to be in the hands of the scconntant
to and among those legally entitled to receive the
same,” will meet all Faiiies in interest at his of-
fices at No, 19 West High street, in the borough
of Bellefonte, Pa., on Thursday, Nov. Tih, 1907,at
10 o'clock in the forenoon, at which time and
place all persons interested in said estate are re-
Juested to appear and present their elaims, or be
thereafter forever debarred,
W. HARRISON WALKER,
52-40-3t Auditor.
Cram OF $123.46 FOR SALE!
DO YOU WANT IT?
This office offers to the highest bidder an un-
paid balance against the estate of the late Gover
nor D. H. HASTINGS, amounting to
ONE HUNDRED AND THIRTY-SIX DOLLARS
and thirty three cents, less $12.87, for which
judgment has been obtained. The claim is an
est and undisputed account for advertising,
Job work and subscription to this . There
heirs and beneficiaries, refused t,
and th Honest debi.
are others
that there
Sinavy vend beat” and “debt jum * who
seek technicalities of the law fo save the pay-
ment of just obligations,
No bond will oa from bidders. Any “old
thing," will be considered good when compared
with a Wealthy itie that wont pay a just debt,
re
s2.20-4f “WATCHMAN, Bellefonte, Pa.
SIREN
productive soil; abundance of running water;
Lyon & Co.
LYON & COMPANY.
There is always something new and we can supply it.
We are strong on Merchandise where others are weak.
The largest assortment of Ladies’ Coats in black and all
the new colors. The new box back and half fitting models.
The latest models in Misses Coats in all the new colors. A
big line of Children's Coats, white and all the new colors,
Caps to match.
]
| DRESS GOODS.
| Ourjstock of Dress Goods is the largest in the
town. Chiffon Broadcloths in black and all col-
i ors. Plaid Broadcloths in all colors. All the
latest novelties in Stripes and Broken Plaids, all
colors. Fancy Plaids in Cotton, all Wool and
Silk and Wool.
|
|
SILKS.
Plaid Silks in black and white and the dark
handsome combination. Plain Silk, yard wide,
Chiffon Taffetas in black and colors. A handsome
line of Silk Crepe DeChine in black and white
and all the evening shades.
SHOES.
Men, Women, and Children’s Winter Shoes for
dress and every day wear.
CTOTHING.
A large line of Men and Boy's Clothing, Over-
coats, Hats and Caps.
GLOVES.
All the new things in Gloves for Ladies’ and
Children.
NOTIONS.
| Our Notion Stock was never so large.
A call to our store and you will see more than we can
write about.
LYON & COMPANY,
17-12 Bellefonte, Pa.
Allegheny St.,
Valuable Ore Lands For Sale.
EA
|=
i
VALUABLE ORE LANDS FOR SALE.
The Nittany Iron Company, having developed other na-
tive ore properties, has closed its Gatesburg and Taylor ope-
rations, and offer for sale
100 Acres, more of less, or Excellent Farm Land
Two Complete Washers, a number of Boilers, Engines,
pumps, one New 12-ton Locomotive, 16, 25 and 40 pound
rails, Ties, Mine Cars, 3 Mules, 3 Carts, 10 sets of Harness,
etc., etc. Tenders will be received for the entire property,
land and equipment, or for such parcels as may be desired
by individual purchasers.
Apply to
NITTANY IRON COMPANY,
Bellefonte, Penna.
Montgomery & Co., Clothing.
I
WHY NQT BUY FROM US?
We will protect you in all prices.
NO ADVANCE IN PRICES.
We bought all of our goods
before a rising market......
We make good all we say.
CLOTHIERS TO THE PEOPLE.
MONTGOMERY & COMPANY,
Criders' Exchange. §2-36tf Bellefonte, Pa.