CRASH IN STOCKS ON
NEW YORK EXCHANGE
By Oabl« to Tht Dally OaWway.
New York, March 13-The greatest
•rash in three years broke upon the
•tock market this morninjf and every
•lock in the active list dropped from l
to 10 per cent. Many brokers were
swept off their feet and numerous sus
pensions were anuouoced.
Cabinet Meeting: Called
By Cablo to Tb« Dally Oataway.
Washington. l>. C., March 13 -Coin
cideutally with the announcement of
the panic on Wall street came the
news that the president had just called
a special cabinet meeting for this af
ternoon. It is not known what the
purpose of the cabinet meeting is, but
it is supposed that it is to discuss the
railroad situation in view of the forth
coming conference the president has
agreed to held this week with four
railroad magnates.
WAIL STREET
PANIC SUBSIDES;
Big Operators Worst Pinched in!
Flurry but Quiet Irregular
Market Follows.
•r OabU to Tb» Daily •**•«».
New York. March 14-There was no
excitement on the stock exchange thin
morning. It was the big fellows most
ly who were pinched in yesterday's
panic and some of them lost heavily.
The market is irregular today, with
quotations generally about as they
Closed yesterday. London is still de
moralized.
Stocks Range Higher
New York, March 12—1 p. m.-Stocks
this afternoon show an upward tend
ency and the panicky feeling is part
Ully allayed. The Rothschilds of
London this morning cabled promises
of help for the New York market.
Three failures were announced on the
London exchange today.
Railroad magnates are holding a
oonference in this city this afternoon
preparing for the talk they will make
to the president in the meeting they
will hold with him soon.
Wall Street Panicky
New York, March 15—Wall street is
trembling this morning and a general
crash is feared by many on the stock
exchange today. The market was
irregular yesterday and panicky
toward the close. It is expected that
the shorts will run to cover today, and
the bearish feeling fills the air.
The uneasiness is confined chiefly to
speculative circles, and business men
generally express the belief that the
prosperity of the country will be little i
afTected by a smash in speculation.
The feeling is strong that it will be a
rich man's panic, not an industrial j
panic, if it comes.
Financiers Much Worried
Washington, D. O. March 15—Emin
ent financiers, particularly those al
lied clusely with W'all street specula
tion and the railroad interests, are
pouring in letters and messages to
President Roosevelt imploring him to
take action to avert the threatened die-;
aster. They urge that the present
crisis is caused by the legislative and
newspaper attacks upon the railroads
and other heavy financial interests,
and predict a repetition of the panic of
i8H3 and the hard times following if
the public sentiment hostile to high
finance is not checked.
The president bituself is said to be
of the opinion that only speculative
interests aro involved and will adhere
to his plans for further railroad regu
lation* by the government.
CLAIMS UNDERWRITERS
HAVE FLOATED DAKOTA
Seattle, March 15—A private mes
sage received nere today from \ oko
hama states that the insurance under
writers have tloated the steamship
Dakota.
MAN KILLS HIS PARTNER
BECAUSE VICTIM SNORED
Koseburg, Ore., March 11— William j
Bloss, a Herman, killed his partner,
Philip Lennuon, in this city last night j
because Lemmon snored so loudly that I
Bloss could not sleep. The two quar- j
reled because Bloss waked Lemmon to
stop his snoring and the killing re
sulted. ___
Alaska has the largest low-grade
gold mine in the world—the famous
Treadwell mines, located on Douglas
Island, across the channel from Juneau.
CLAIM PLOT TO
DOWN HARRIMAN
Morgan and Hill Said to Have
Combined With Standard
Oil Against Him.
ay os'll* Co Tbs Daily OtUwsy.
New York, March 16—It is reported
I this afternoon that J. Pierpont Morgan
| Lias secured control of the Union
i Pacific railroad and has united with
^Standard Oil interests to crush E. H.
: Harriman. It is said to be part of the
deal to turn the Southern Pacific over
to James J. Hill.
Additional confrmatory evidence of
the report has been given out during
the day. It is claimed that the late
i (lurry was a squeeze of Harriman ar
j ranged by Morgan to put him down,
j The story says that Morgan and
Standard Oil interests are angry at
Harriman because they beliaye that
; the lattey's frenzied financial methods
gave Uoosevelt the ammunition with
which to fight railroad combinations.
Standard Oil has heretofore always
been friendly to Harriman.
MAGNATES TO
SEE ROOSEVELT
Alarmed at Agitation Against
Existing Methods m Rail
road Operation.
By Ca ia to Tba Dally Oataway.
Washington, D. C., March 12—Presi
dent Roosevelt will receive four rail*
| road magnates this week for a confer
i ence on the railroad situation. The
' big railroad operators have become
much alarmed at the rising tide of
public opinion against their methods,
which are held accountable for the car
shortage and coal famine in the west,
auil they fear more drastic legislation
against them in the next congress than
was enacted in the last.
The conference was arranged by J.
Pierpont Morgan. The magnates will
seek to convince the president that the
legislation already passed is harmful
i to the financial interests of the coun
j try and that anything further in the
| same line will produce a panic.
To See Roosevelt Tuesday
| Washington, D. C., March 16—It is
1 announced this afternoon that the rail
road magnates will call upon the pres
ident next Tuesday. Secretary Taft
will spend the next three days in New
York conferring with them. This
contradicts the story that the railroad
magnates have decided not to hold
the proposed conference with Presi
dent Roosevelt, having become con
vinced that they cannot obtain his as
sistance against the popular tight on
them. _
Rotary Past Mile 30 Today
The rotary is past mile 30 this after
! noon and it is expected that it can
reach the wye at 41 by evening as the
track lies in an open valley from 35 to
41. It stayed at 27 last night.
__
In addition to being fabulously rich
in minerals nature has endowed
Alaska with scenery unsurpassed in
the world.
Alaska does more business per capita
than any other geographical division
of the United States.
SHIP WRECKED
BY EXPLOSION
1 V A
Magazine of French W ar Vessel
Blows Up Killing and Wound
ing 400 Men.
FLAMES ADD TO DESTRUCTION
Shock Shook Whole Cily of Toalon
and Injared Many Persona on
Adjacent Wharves.
By OaWU to Th« Dally Oataway.
Toulon, March 12—The French bat
tleship Jena, of 12,000 tons, was blown
up by an explosion in the magazine
early this morning and nearly 400 of
the 700 men aboard were killed or in
jured. Huge steel plates, fragments
of guns and of the vessel’s superstruc
ture, with human bodies were hurled
high in air and fell in showers upon
the surrounding water. Flames broke
out immediately and raged fiercely,
and scores of living men and dead
bodies were incinerated.
The shock was felt all over the city
of Toulon and scores of persons on ad
jacent docks were hurt. Admiral M*n
•eron was one of the injured. The
disaster throws all France into mourn
ing. i
The Jena is a total loss. She was in
the harbor for official inspection when
the explosion occurred.
Jena's Death List Now 180
Toulon, March H—The death list of
the Jena disaster is now stated to be
180. Others of the injured may die.
LOSS BY FLOOD
IS 1200,000,000
* ' ' i *
. .
Damage in Cities of Pittsburg
and Allegheny Runs Up
to $20,000,000.
ay Cable to The Dally Gateway.
Pittsburg, March 15—The property
loss by the river floods in Pennsylvania
in now figured at $200,000,000. The loss
in the cities of Pittsburg and Alle
gheny alone is $20,(X)0,000.
The Allegheny mer reached itsex
| treme hight this morning, the crest
j being thirty-six feet above the normal.
J It is now falling an inch an hour.
All cities along the banks are flooded
and many people were driven into the
second stories, from which they were
taken out in boats.
GOLDFIELD LABOR WAR
CAUSES MINES TO CLOSE
Goldfield, March 15- The climax of
I the labor war was reached this tnorn
i ing when the miners effected an or
ganization against the Industrial
Workers of the World. All mines and
mine stores closed at noon and will
remain closed until the trouble is over.
Earnest efforts are in progress by
mine owners and citizens to bring
about a compromise between the labor
factions, as violence is feared if the
J controversy continues and the mines
remain shut down. The effect will
also he disasti*ous to the prosperity of
the camp.
BANK ROBBERS BLOW UP
THREE-STORY BUILDING
Hunnewell, Kan., March 12—The
National Bank of Hunnewell’s three
story building was blown up by dyna
mite early this morning by robbers,
who escaped from the town on a hand
car. A large posse of citizens led by
detectives are in pursuit. The bandits
left the handcar after going a few
miles, and took to the woods. The
bank building was badly wrecked, as
the robbers used an overcharge of
dynamite to break open the vault.
Hunnewell is on the Oklahoma bor
1 der, directly south of Wichita, in Sum
ner county, Kansas.
_
It is reported that the Yucatan will
be the third steamer on the Seward
run of the Northwestern Steamship
Company when the Northwestern goes
on the Nome run in June. The Yuca
tan is a twin of the Northwestern.
WASKEY WILL
CONTINUE FIGHT
Says He Will Go to Washington
at Next Session to Work
for Alaska.
WANTS TO OFFSET HOGGATT
Tromlses Statement Giving Inside
History of Territorial Legisla
tion Last Winter.
By Cable to Tb* Dally Gateway.
Washington, I). C., March 13—Frank
Waskey, delegate from Alaska in the
last congress, stated today that before
the new congress assembles he will
issue a statement giving the inside
facts regarding Alaska legislation at
the short session this winter and des
cribing the forces and methods which
defeated several bills which were
strongly favored by Alaska people.
Waskey says he will come back to
Washington on his own account at tho
next session to work for Alaska legis
lation, believing that the information
and experience he acquired last winter
will be of value to Alaska. Referring
to the statetr. ent that he intends to be
a candidate at the election in 1908 to
succeed Cale he said he did not
know whether he would do so or not
but that while he may never be a
delegate from Alaska again he expects
; to take a hand in the fight at the
capita? over legislation affecting the
territory. He was at outs all winter
with Gov. Hoggatt and plainly in*
tentds to he on the ground to spike
Hoggatt's guns wherever possible.
TO HAVE ONE
PACIFIC FLEET
Asiatic Squadron to Be Consoli
dated With Vessels on
this Side at Once.
By CftbU to Tbo Dally Oatoway.
Washington. D. C., March 14 All
warships of the Pacific and Asiatic
squadrons will be consolidated in the lat
ter part of this month. Hear Admiral
Willard H. Brownson, now command
ing the Asiatic station, will command
the new Pacific fleet.
Plans for the reorganization were
made public today. Several of the
newest and best vessels of the navy
will be added to the Pacific fleet and
it will be greatly strenghtened.
CLOSE GOLDFIELD SALOONS
BECAUSE OF LABORTROUBLE
Goldfield, Nev., March 12—Because
of the acute stage reached by thelaber
troubles among the miners all saloons
were closed this morning by the
mayor. A big meeting is called by
one labor faction for this afternoon
and a clash is feared between the old
and new unions.
Miners to Join Federation
Goldfield, Nev., March 16 — The
miners’ union decided today to reor
ganize under t he banner of the Ameri
can Federation of Labor. There is
great rejoicing among the members.
Agreements have been signed with
some of the mine operators by which
the latter will refuse to employ any
members of the Industrial Workers of
the World.
BULGARIAN PREMIER
SLAIN BY ASSASSIN
Sofia, Bulgaria, March 11—Premier
Megerkoff, also minister of the interior
in the Bulgarian cabinet, was assassin
ated by an unknown man here this
morning.
Jeanie Sails Southward
The Jeanie sailed Sunday morning
for Prince William sound ports, where
she had cargo to discharge before re
turning to Seattle.
The climate of Alaska is nearly as
varied as that of the Atlantic coast,
from Maine to North Carolina.
Alaska has almost two and a half
times as much coast line as the rest of
the United States.
HUMPHREY TO
LEAVE COMPANY
Head of Alaska Coast Said to Be
Transferring All Interest
in Corporation.
J. E. PHARO TO GET CONTROL
M. J. Heney Associated With New
Ownership and Management of
Steamship Enterprise.
■/
1 —
By Cable to The Dally Gateway.
Seattle, March 11—It is reported
authentically that Capt. Omar J. Hum
phrey is leaving the Alaska Coast
Company and that papers are being
signed today. James E. Pharo is to
be in absolute control and M. J. Heney
is to be associated with him.
The announcement came suddenly
and it is not given out what Capt.
Humphrey intends to do. The trans
fer of authority is to take plaoe im
mediately. Capt. Humphrey is presi
dent of the corporation, and Pharo
has been general manager.
Backus to Succeed Humphrey
Seattle, March 12 — Leroy Backus
succeeds Capt. Omar J. Hamphrey as
president of the Alaska Coast Com
pany- __
MEENACH GETS
ELLAMAR MINE
*• ' I»
Wins Suit in Washington Courts
Brought by F. C. Lawrence
on Fraud Claim. ~
By Cable to Tbe Sally Oateway.
Olympia, Wash., March 13 — The
supreme court of Washington today
handed down a decision in favor of J.
D. Meenach and the Ellamar Mining
Company in the suit brought against
them upon an alleged breach of con
tract and fraud by F. C. Lawrence, in
volving the title to the Ellamar cop
per mine, Prince William sound,
Alaska. The supreme court affirmed
the judgment of the superior court of
King county in favor of the defend
ants, from which the plaintiff ap
pealed.
The property is valued at between
$10,000,000 and $20,000,000 and Law
rence claimed that he had been fraud
ulently deprived of a large interest by
Meenach and the company organized
by the latter.
AURORA CAUSES
WIRE TROUBLE
Influence So Strong at Valdez
that Electrical Communica
tion Is Stopped.
By Cable to The Dally Gateway.
Valdez, March 12 — The Aurora
Borealis was so powerful here last
night that it put all the telegraph and
telephone wires out of commission.
The display was of phenomenal bright
ness. _
The aurora was very bright at Se
ward last night also. A short time be
sore midnight it overspread a large
part of the heavens in bars and chang
ing expanses of light. In the north
was the low lustrous arch which often
appears, crossed with weaving
shadows.
A conspicuous aurora always causes
disorder in electrical currents.
Will Increase Copper Output
i Blarney Stevens of Ellamar, chief
engineer of the Reynolds mines, who
is now in Seward, says all the com
pany’s mines in Prince William sound
will increase their output largely this
year. The mine at Latouche will
within a few months be one of the
largest shippers in Alaska. The
Boulder bay mine will also increase its
shipments heavily, and development
work on the Landlock bay property
will soon place it in the list of ship
pers.
ROAD BUILDERS
START NORTH
Snow, Watson and Cameron
Sailed for Seward on Santa
Clara This Morning.
BRIDGE CARPENTERS ON BOAT
Laborers and Mechanics Will Beglte
Coming on Next Steamer and
Continue Steadily.
By Cabl* to Tki Dally Oitmj.
Seattle, March 10— A. L. Snow, A.
W. Watson aud J. II. Cameron, con
tractors and construction engineer of
the Alaska Central, sailed this morn
ing for Seward on the steamer Sant*
Clara. Also thirty bridge carpenters
and six engineers. Laborers will be
gin going on the next steamer and will
be sent north as fast as they can be
employed.
The contractors expect to begin con
struction about April 1, and additional
bridge corpenters and track layer*
will go north on each boat until the
necessary force is obtained.
GRAND JURORS
URGE DIVISION
In Report at Valdez Recommend
New Judicial District and
Judge Concurs.
By Cable to Tb« ©ally Oetyvay.
Valdez, March 12—The grand jury
in its final report, which was present
ed in the district court yesterday after
noon, recommends the division of the
Third judicial district as proposed by
the bill introduced in congress at the
last session.
In discharging the grand jury Judge
Wickersham stated that he heartily
concurred in that part of the report,
saying that a judge residing in South
ern Alaska is an important need of
this region.
»Clears Andrew Holman
The grand jury commended the of
ficial record of Andrew Holman, U. 8.
commissioner at Copper Center, and
urged his continuance in office. It se
verely scored C. T. Hutson, assistant
U. S. district attorney fron the state
of Washington, who was sent up here
to investigate Holman and who made
a report recommending Holman’s dis
missal. The grand jury atfirms that
Hutson had no substantial evidence
upon which to base his charges.
Hutson Answers Grand Jury
Olympia, Wash., March 13—State
Senator Hutson denies that he took
prejudicial testimony against U. S.
Commissioner Holman at Copper Cen
ter, Alaska, as charged by the grand
jury at Valdez.
j DIRECTS PUBLICATION OF
ALASKA WEATHER DATA
Washington, D. C\, March 11-One
1 of the last acts of the congress just,
adjourned was to authorize the publi
cation of Alaska weather data in a
pamphlet. It will be compiled by
Thomas Payne of Seattle.
JAPANESE MUSHER WINS
50-MILE INDOOR RACE
Seattle, March 11—The 50-mile in
door race on a 32-lap track was won
Saturday evening by Wada, a Japanese
musher in 7 hours and 49 minutes.
Scotty Allen was second and H. M.
Huber third. Twenty-nine started.
Northwestern Sails for Seward
Steamer Northwestern sailed from
| Valdez for Seward this morning. She
has a cargo for Latouche and will not
reach here until tomorrow morning.
Dora Sails Westward
Steamer Dora called in Sunday
afternoon on her way to Unalaska.
There are millions of acres of land iu
Alaska available for certain kinds of
farming and stock raising.
Any pet son who is qualified is en
titled to enter 320 acres of land under
the homestead law in Alaska.