VOL. 4 SEWARD, ALASKA, FRIDAY EVEN IK G. JUNE 4, 1909 NO. 255
BANK FAILURE
BEING PROBED
Rottenness Revealed as Result of
Investigation of Heinze’s De
funct Institution.
New York, June 4 George Haglin,
vice-president of the l niled ( opper
Company, who was thrown in jail yes
terday on a charge of contempt of
court for failing to bring forth the
hidden books of the company, secured
his release today.
The lxx>ks are wanted in connection
with the federal jury investigation of
Otto Heinze & Co in connection with
the alleged misappropriation of funds
from the Mercantile National Hank.
The sharp decline in copper bank
rupted the firm, in other words, F.
Augustus Heinze, and it is claimed that
the market was manipulated for the
sole purpose of putting the firm out of
business.
On Oct. 15. 1007. when the collapse
of the corner of United Copper oc
curred, Otto Heinze & Company owned
about (>1,000 shares of the common
stock of the company and about 12,000
shares of the preferred stock. Less
than 5,000 shares were actually in the
possession of the firm, all of the rest
having been hypothecated. It was the
practise to hypothecate the stock when
bought, and purchase additional stock
with the proceeds of the loan. It was
the purpose of the pool to place the
stock at 500, and if the corner had
worked out it was estimated that $10,
000,000 would have been made for an
expenditure of $1,500,000. It is claimed
that Charles W. Morse, hadexchangedi
shares of the ice trust for copper
stock, under promise that he would not
sell, broke his promise and sold,
thus helping to break the market and
smashing copper. After the collapse,
securities pledged to Heinze which
had cost him $2,500,000 had been sold
for $325,000. It is claimed that more
than one-half of the $4,500,000 indebted
ness assessed against Heinze has been
paid off by the sale of collaterals, and
the former copper king declares that
his company will finally pay 100 cents
on the dollar.
SEWARD Sit AMIRS
Farallon; sailed from Seattle 22nd.
Portland; sailed from Seattle 1st.
Santa Ana; sailed from Seattle 2nd.
Northwestern: sailed for Seattle 27th.
Lindsay: sailed for Seattle 28th.
Dora; sailed for Seattle 30th.
Bertha; sailed for Seattle 3rd.
Santa Clara; sailed for Seattle 3rd.
Meet me at the Branch.
For Rent—The furnished house of
Mrs. E. A. Thoday. Inquire Brown &
Hawkins. _ *
| Swell line of Ladies’ Waists just ar
rived.—Seward Commercial Co.
Seattle, June 4 - ft is practically cer
tain that when J. 1 Merpont Morgan
and Simon Gu^^en he in depart for
Alaska, they will he accompanied by
fifteen millionaires, desirous ot seeing*
the northern territory.
The party will leave Seattle some in
July on the steamship ^ ucatan, which
NIGHT OF TERROR
IN PHILADELPHIA
Philadelphia, June 4 -Philadelphia
i passed through a nijjht of terror, hut
all is quiet today, <ars were burned
and dynamite caps were found on the
street car tracks this morning.
Whether these outrages were perpe
trated by the striking carmen or their
sympathizers, or by agents of the com
panies in order to throw suspicion on
the strikers and thus secure public
sympathy, is not known. The latter
theory is the more probable one.
The Quakers, of whom there are
manv in this city, are siding in with
the strikers. Some of them refused to
allow non-union men to operate cars
‘ in the Quaker district.
BIG SALVAGE CLAIM
AGAINST THE JEANIE
A salvage claim for about $15,000
will probably be filed against the
steamship Jeanie of the Alaska Coast
Steamship Company, by the steamship
Bertha of the same company, for ser
vices recently rendered in getting the
disabled vessel out of a perilous posi
tion near Cape Hinchinbrook. The
claim will be put up to the San Fran
cisco Marine Insurance Company,
through the marine adjusters, Johnson
& Higgins, and if allowed, the crew of
the Bertha will receive a part of the
money awarded the officers and owners
of the vessel. The case is regarded as
similar to that of the Pacific Coast
Steamship Company a few years ago,
when the Alki saved the Cottage City
from possible disaster and received
about $20,000 salvage.
Train Robbers Caught
Omaha, June 4—Three suspects, ar
rested as the bandits who held up the
Union Pacific train near Omaha re
cently, have been identified by the
train crew as the men who robbed the
Great Northern train near Spokane,
for whom a $60,000 reward has been
offered by the railway officials.
I
is being especially fitted for the trip. |
The group ot millionaires, represent- j
ing billions in money, will first go to j
Cordova to look into the Copper River
A Northwestern railway project;thence
to Seward to investigate the Alaska |
j Central Railway: thence to Skagway, j
Dawson. Fairbanks and Nome, and j
then to t he states.
TO INVESTIGATE
STATE OFFICIALS
I
Olympia, June 4 -Gov. lfay of Wash-;
j ington lias issued a proclamation call-'
a .special session of the slate legisla
ture, for the purpose of investigating
all the officials of the commonwealth, j
It is alleged by those in a position to
know that an investigation of some of
the state officers will reveal a state of
rottenness and corruption only equaled
by their opportunity to graft. At the
j special session all sorts of dirty linen
I w ill be washed.
CASE AGAINST MRS.
MERCER DISMISSED
The preliminary examination of Mrs.
Myrtle Mercer, charged with the
larceny of lumber, etc., of the probable
value of $100, from J. A. Herbert, the
merchant and wharf owner of Seldovia,
came up for hearing before IT. S. Com
missioner Finnegan yesterday after
noon. S. O. Morford, in the absence j
of District Attorney L. V. Ray, ap
peared for the government, and S. M.
! Graff was the attorney for the de
fendant.
J. A. Herbert, the complaining wit
ness, Frank Korth, Mrs. Brown and
K. A. Kay were put on the stand for
the prosecution, but aside from the
testimony of Mr. Herbert, who told in
detail of the affair, but little light was
thrown upon the matter.
Mrs. Mercer went on the stand in
her own behalf and told the court her
side of the story.
Judge Finnegan decided that there
was not sufficient evidence adduced be
fore him to warrant him in binding
the defendant over to await the action
of the grand jury, and ordered her dis
missal from custody.
WANTED—First class cook, imme
diately. Color not barred. Must
come clean.—Washington Rest. It
Goods and Prices always right.
Seward Commercial Co. *
•>
Linoleum at Hofman’s. *
' i “
Former Seward Boy, Who Drove
Delivery Wagon, Gets Into
Coarse Money.
Thomas Irvine, a former Seward hoy
who drove the delivery wagon for
(:ro\vn & Hawkins, has come into the
coarse money in the mining business
in Nevada. The Manhattan Mail of
Mav 271 h saws:
“One of the best quartz strikes re
ported in Manhattan for some time
was made last Wednesday on the lease
operated by Thomas Irvine, on the
Broncho. A ledge, live feet wide was
struck at a depth of six feet, and an
assay made from rock taken clear
across its width gave a return of $109.
per ton in gold. The rock shows
Make gold in quantity, and from a
pocket encountered 150 pounds of ore
was extracted worth $2 per pound.
J. H. Harrell and G. \V. Davis are ne
gotiating with Irvine io take over the
lease." _
Rivers on the Rampage
Bellingham, June 4—Rivers in the
northern part of the state of Washing
ton are on the rampage, overflowing
their banks and flooding the country
contiguous. Much damage hasalready
been done, and unless the floods soon
subside, the loss will reach an en
ormous sum.
Militia In Control
McCloud, Cal., June 4—The militia
are in complete control of the situation
here. The striking lumbermen are
quiet and no rioting has occurred
since the arrival of the troops.
Cushman Goes To Juneau
Seattle, June 4—The department of
justice has ordered Judge Cushman to
go to Juneau and hold a session of court
there, after which he will goto Val
dez. Court will open in Juneau on the
thirteenth.
Captain Crosky is now in command
of the steamship Northwestern, vice
Captain O’Brien, who goes to'the Vic
toria, which is considered the best ship
in the Alaska Steamship Company’s
fleet. _
DAILY WEAl HER UtPORT
Temperature at 2pm.51
Maximum since midnight. 54
Minimum since midnight. 42
Barometer at 2 p. in...30.47
Cloudy. ___
FOR SALE—Furniture. Inquire at
residence of Mr. Boggs. *
i
Just received, a new line of matting,
latest patterns at the Elite. *
High Grade wall paper—All new
1909 designs. Seward Drug Co. *