THE MONEY PANIC.

Dominion, Volume 1, Issue 50, 22 November 1907, Page 7

THE MONEY PANIC.

CHILIAN FAILURES.

KAIL WAY -MAGNATE, HILL ON THE PRESIDENT. TO PUNISH DISHONESTY WITHOUT KILLING CREDIT.. 6T TETiaHAPE-rBESS ASgOCUTION-COPIRIQHT. . London, November 20. Router's Santiago correspohdont reports a dorkme financial situation in Chili, owing to the unprecedented fall in the r'ato of exchange. • . One bant has suspended", paymont, and three others have transferred themselves to the Bank of Chili. ■New York, Novombor 20. Mr; James Hiilj a railway niagnato, spoakat. Kansas City; admitted the justice of punishing any corporation offending agaiiist the law, but, referring to. President Ropsevcit, declared that he ought to stop denunciation and wholesale proscription, which was destroying all. credit and justice, besides injuring every business in America. FRENCH AID. TARIFF CONCESSIONS IN, RETURN. (Received Nov. 21, 9.41 p.m.) Paris, November 21, It is persistently reported that the Bank of Franco is watching the measures of financial relief taken- by the United States Secroiary to the Treasury' (Mr. Cortejyou), and might co-operato with financial institutions jn Paris to extend to Mr. Cortciyou nissistancej if impelled by the French Govornment, in order to secure tariff concessions on French goods.

■ -'>;■; i-oritfpri, ; November 21. The "Times' , says that the money market believes tlierb is some basis for the report that some such arrangement as tho abovo has been diplomatically discussed. AN EFFECT OF DEPRESSION. EXPORT OF ALIENS. (Received Nov. 21, 9.64 p.m.) > , London, November 21. The "Daily Mail" reports that tremendous numbers of aliens, chiefly labourers, have been dismisses, from American industries, and are returning io Europe. •