13 Dec 1912
Page 1
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This newspaper page contains 25 articles. Subscribers can read the full text of each article.
Newspaper
Albuquerque Morning Journal
Location
Albuquerque, New Mexico, United States of America
Date
Dec 13, 1912
Page
1
Money Trust inquiry exposes methods used by the financiers of New York City. Report highlights the influence of money kings and how Wall Street brokers shaped recent market moves.
The Morning Journal Special Leased Wire reports on Frank K. Sturgis testifying before the house banking and currency commission about New York stock exchange practices. He discusses membership, hypothecation, market manipulation, and the primacy of broker commissions, with rivalries with the Consolidated exchange highlighted. Also included is a Denver murder verdict: Charles W. Frickey sentenced to life for the killing of William E. Swan.
New York December 12 The investigation into the Canadian Mining Company promoted by Julian Hawthorne revealed a letter Hawthorne sent to post office authorities listing tests of his character by notable figures. He stated that promotion literature was self written with director approval and cited Roosevelt Bryan Choate Reid Brisbane Hearst Pulitzer and Howells as references.
Washington Tree 12 reports the 1924 country cotton crop at 6 612 335 000 pounds lint 18 820 000 bales gross with linters expected total crop about 14 311 200 bales of 500 pounds 6 847 373 000 pounds last year value near 85 920 000 plus 131 000 000 seed total around 683 000 000 Texas leads with 4 850 000 bales.
Washington December 12 Republicans in the senate largely gave up on electing Senator Gallinger as president pro tempore as Senator La Follette indicated he would likely not vote for the New Hampshire member. He will probably alternate with Senator Bacon until March 4.
In Indianapolis on December 12 the court censured Frank M. Ryan president of the Iron Workers International Union for giving irresponsive answers during questions about comments on a invitation to visit New York District Attorney Jerome. Testimony described violent actions toward non union workers and efforts to fund legal defense, with other witnesses detailing intimidation and non union workers being targeted.
Washington reports the postoffice appropriation bill totaling 278 489 781 was sent to the house. The committee lowered estimates for parcels post equipment and the parcels post commission citing speculative costs. The panel projects a postal deficit near 627 000 for the year ending June 30 1911 and notes potential shifts in the 1912 audit.
A peace delegate reports the government will retreat from the Adriatic seacoast in response to a solid front presented by an alliance. The stance signals a strategic concession amid mounting diplomatic pressure.
Paris reports a Morning Journal dispatch from Paris via Leased Wire quoting Servian envoy Nikoliteh. He warns of Austrian plans, fearing heavy action against Serbia amid great power tensions and a fragile European balance. Temps notes Austria’s recent military prep and predicts possible pretext for attack with Russia and Serbia watching.
Rome reports that Italy shares Austria's stance on a Servian Adriatic port as a mere commercial outlet. Unconfirmed information suggests Italy may back Balkan plans for a limited Albania including Durazzo and Aviena.
Vienna cabled report highlights Count von Lutzow's Neue Freie Presse article. He met with the German emperor, foreign secretary von Kiderlen-Waechter, and Count Moltke, warning Berlin Vienna contrast and urging restraint to avoid diplomatic ruin. Belgrade notes cabinet holds a slim majority as peace talks open.
The day in congress covered a noon meeting with an omnibus claims bill taken up. Archbald impeachment committee convened at 1 30 pm. Democratic senators formed a caucus to plan action on President Taft's federal nominations. Senator Swanson introduced a bill to appoint a committee for attending the Jefferson memorial unveiling in St. Louis next year. Adjournment at 5 50 pm until Friday noon.
The committee continued testimony on the New York stock exchange money trust while Bowman McLean contest resumed on the floor. Herrick urged rural credits, Levy proposed currency reform, Bowman seat vacancy declared, McLean seated rejected, Bartholdi bill to limit presidents to two four year terms. Indian bureau appropriation discussed, session adjourned until Friday noon.
The government presented nine witnesses in the trial of President John H. Patterson and twenty nine other officials of the National Cash Register Company of Dayton Ohio charged with violating the Sherman anti trust act. Testimony described alleged plans to discredit rival Michigan machines and pressure customers and cancel orders.
The House unseated Representative Charles Bowman of the Eleventh Pennsylvania district by a 152 to 118 vote on a corrupt practices resolution from the 1910 election. The House also refused to seat George K. McLean by 181 to 55, and John J. Casey was to fill the seat after last November’s election.
Catlettsburg Kentucky reports Fiverett White surrendered to Omaha Police and confessed to killing Charlies Lowe on January 2, 1910. He was tried, found guilty of first degree murder, and given clemency by the jury. Sentenced to Greendale reform school, he escaped after about sixteen months.
A stiff north wind and heavy seas prevented the U S squadron led by Rear Admiral Fletcher from exchanging visits with Mexican authorities at the harbor. The battleships Minnesota Kansas Michigan and South Carolina anchored two miles offshore as Mexican officials offered a tug to land the American officers but were declined until morning.
Federal authorities voiced doubts about promptly detaining the three suspects in a handwriting based case. Investigators note a similarity between the letters and the signature of Jacob Dunn as the central evidentiary link.
Paris reports the republican group in the chamber of deputies met to begin the process of choosing a successor to President Fallières. On January 17 the senate and chamber will convene at Versailles as the national assembly to elect the next president without naming any candidate. There is pressure on Leon Bourgeois to stand, and many deputies believe he would win.
President Taft and Mrs. Taft hosted the last cabinet dinner of the administration at the White House. In attendance were cabinet officers and their wives, former Vice President Fairbanks and wife, numerous senators and representatives, and guests including Andrew Carnegie William Nelson Cromwell Cornelius Vanderbilt Henry W Taft Adolph Lewison and Otto Bannard of New York.
San Francisco crowds packed a downtown street intersection for a twenty four hour protest by the California anti capital punishment league. Speakers began at 6 pm and will run until 6 pm tomorrow with about fifty on the program including members of the San Francisco Radical club writers clergymen and socialist groups.
President elect Wilson may face the three men accused of threatening his life in Newark. A subpoena for his appearance was issued while the exam of the alleged blackmailers was moved to Tuesday. The men including Jacob Dunn are charged with misuse of the mails and connected to letters sent to Governor Wilson at Trenton.
Proxy protest filed with the state utilities commission alleges the New York Central system controls three competing lines between Buffalo and Chicago through stock holdings in Lake Shore Michigan Southern Michigan Central and Big Four. Protest seeks dissolution under Sherman act and objects to a 24.006 million bond issue for Ohio improvements.
Clarence H. Venner has long fought major firms, dating back to 1905 with New York Life. He pursued stock issues by Great Northern in 1906, challenged the Great Northern Lake Superior Company trust in 1907, and lost a 1908 U S Supreme Court case on Burlington road acquisition. He also attacked the Chi trolley merger in 1910 naming J Pierpont Morgan.
In New York County a jury awarded Torrance Burtnett 10000 dollars against the Erie railroad for a lost foot while serving as a brakeman on an interstate run. Attorneys argued icy roof and negligence. judge De Laney instructed that damages could be reduced for contributory negligence.
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