06 Dec 1907
Page 1
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Newspaper
Albuquerque Morning Journal
Location
Albuquerque, New Mexico, United States of America
Date
Dec 06, 1907
Page
1
James J. Hill, an enthusiastic supporter of the Deep Waterways Project, is presented as backing a solution to the transportation problem. The piece frames railroad opposition as a myth and highlights Hill's advocacy for waterways as an alternative.
James J. Hill of the Great Northern railroad addressed two thousand delegates, urging cordial rail support for national inland waterway development. Governors and leaders pressed for a unified plan and fair laws to expand waterways, alleviate railroad burdens, and meet growing traffic demands.
Speakers including Mr Hill Governor Cummins and Governor Smith called for expanded waterway transportation to fuse with rail lines. They argued large craft on the Mississippi should move bulk goods, emphasize rail and water synergy, and push for steady federal funding to develop waterways from coast to coast.
Five hundred delegates attend the Rivers and Harbors congress as North Carolina Governor Glenn urges $506 million for deepening rivers and harbors. A Boston labor leaders shooting at Governor Guild leaves Cohen critically wounded and Driscoll and Huddell injured. Carney bank robbers escape after a bold daylight raid, while Kansas City suspends the National Bank of Commerce citing heavy withdrawals and mounting losses.
Washington reports Max A. atk appointed postmaster at Alma Socorro county succeeding M Coates who resigned. The change comes as part of nationwide postmaster appointments.
The crown prince of Korea and Prince Ito the Japanese resident general left Seoul at 10 this morning aboard the cruiser Manchu. The voyage aims to further the royal education plan as public sentiment in Korea welcomes the journey. The party will dock at Shi monseki Saturday and visit southern Japanese sites en route to Tokyo.
Mauretania passed Daunt Rock at 6 49 PM today to set a fresh trans Atlantic record. The voyage from Sandy Hook took 4 days 22 hours 29 minutes beating Lusitania by 22 minutes. Distance covered 2897 nautical miles. The ship faced heavy seas and delays but delivered mail for Liverpool in London in time for Saturday.
Business men face mixed effects as advertising budgets tighten. The piece argues reductions are common during slow times, urging cautious retrenchment while noting firms that cut too deep risk losing momentum and customers.
In Topeka Kansas the jury found the International Harvester Company guilty on forty two indictments charging unlawful restraint of trade. The trial follows intense litigation over price fixing and exclusive dealing with dealers. A new trial motion was filed and potential penalties could reach 31 000 per count totaling 420 000.
Kansas City branches of the National Bank of Commerce at Union Stockyards and Union Avenue closed their doors this morning and afternoon with deposits of about 300 000 and small amounts. The state bank of Argentine Kansas also closed after a run. its stock is owned mainly by the Kansas City bank. The cashier asked the state bank examiner to take charge and hoped for possible reopening by tomorrow.
The comptroller of currency announced that the National Bank of Commerce of Kansas City has not opened and has requested a bank examiner to take charge while assets are realized. There is strong hope the bank may resume, as it was a large western bank with about thirty four million dollars on deposit in September. The failure is attributed to calls on balances and slow asset realization. It is hoped the bank will be solvent so depositors can be paid in full if it does not resume.
The New York correspondent for the National Bank of Commerce in Kansas City reports that the Kansas City bank holds a large balance with First National Bank in New York. An official confirmed the substantial funds are on deposit at the New York institution.
Guthrie Oklahoma December 5 The failure of the National Bank of Commerce of Kansas City has not affected any Oklahoma bank Guthrie banks are not affected in any way
Tokyo December 6 The foreign office declines to confirm Baron Takahira as successor to Ambassador Aoki and expects no official announcement until Aoki returns to Japan. The Associated Press report from December 4 is considered accurate despite official silence.
E L Kent a Santa Fe conductor was found guilty by a district court jury in Las Vegas New Mexico of one count for breaking into and robbing a freight car between Raton and Las Vegas. He faces a future federal trial on related charges with sentence deferred.
Washington reports the senate held a short session meeting William P. Frye of Maine was elected president pro tem with a complimentary vote from Daniel of Virginia The secretary of the treasury information requests on the bond issue were postponed to Monday The house opened briefly and adjourned without business beyond honoring Oklahoma’s state greeting ending the session until Monday
A report from Santa Fe notes Amado Chaves of Albuquerque is urged by influential figures in New Mexico and Washington to become surveyor general, vacancy to follow Morgan Llewellyn's January resignation. Chaves, a former Santa Fe resident now practicing law in Albuquerque, has held territorial posts and led public instruction.
A 50 member lakes to Gulf waterways delegates committee met with Vice President Fairbanks and Speaker Cannon in Washington to seek Congress support for a canal from the lakes to the Gulf and a $50,000 annual appropriation. The discussion focused on whether to issue bonds for the project, with Cannon questioning the size and scope and the need for surveys before construction. The item closed with mentions of large existing federal outlays and a Boston and Maine railroad fire causing about $500,000 in losses.
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