17 Dec 1916
Page 1
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Newspaper
Albuquerque Morning Journal
Location
Albuquerque, New Mexico, United States of America
Date
Dec 17, 1916
Page
1
Damaged OCR fragment mentions prices and items like stove and lime with no full context. Readers cannot determine the event, person, or organization. Summary preserves only the readable facts and notes fragmentary nature of the record.
Vanderlip warns that grave problems must be faced as war ends explaining risks of collective buying and selling in European countries and its impact on American democracy.
Frank A. Vanderlip of National City Bank warned Chicago bankers that war will force U S to face grave economic and social problems needing banker aid. He urged government banking cooperation only with well run business and warned against excessive government participation. He criticized railways and warned of anarchic voices and the need for national awakening to sound economic policy.
The Day in Congress reports noon proceedings with the commerce committee deferring a 50 million flood control bill for the Mississippi and Sherwmento rivers, debates on the District of Columbia prohibition bill resume, and a joint resolution to extend railroad investigation to January 14 1917 is introduced. Brig Gen Metain testifies to the military affairs committee as Henry of rules opposes any food embargo. A conference with the senate on immigration is planned before holiday recess.
The Denver weather report forecasts New Mexico Sunday and Monday as generally fair with little temperature change. For the 24 hours to 6 pm yesterday the max was 42 degrees and the min 21 with a 21 degree range. 6 pm temperature 29 and wind light and clear.
The speaker argues that investing in banks would limit gold imports and curb domestic inflation. He notes that such credits could prove more favorable than gold as exchanges shift against the nation. He stresses careful economic strategy amid wartime pressures.
Faward Metwean son of the late John McLean and the estate executors asked the federal supreme court to ratify an agreement ending the suit to break the will. The deal grants McLean control of income from the McLean fortune and leadership of the Cincinnati Enquirer and Washington Post, with annual income estimated at 700000 to 1000000 dollars and trustees required to consult him and grant access to the books.
A Daily News note from Orleans says Joseph Leiter of Washington and Chicago faces possible loss of sight in one eye after a reed struck his eye while at a hunting party lodge. Lester, brother of the late Lady Cuerzen, is linked to historic wheat market dealings in Chicago.
The Russian foreign office releases a strong denial of Germany's peace offer. It condemns the move as publicity seeking and part of German imperial ambitions. Russia and its allies seek a complete defeat of German domination to secure a durable peace.
Summing up allies purpose likely to be expressed when Lloyd George delivers speech as premier. Center of Peale interest now regarded as in British capital.
The Washington dispatch reports the official peace notes moving to allied capitals while speculation grows over Wilson and Lloyd George actions. Russians express a strong Duma opposition to the plan, signaling potential shifts in the anti German alliance dynamics.
Papers discuss whether Lloyd George will appear in the House of Commons in his new role as prime minister after a definite policy on negotiations is announced. Sir Hierley le Pas urges that trench soldiers have a say before any policy is decided. Dispatches say Count Tisza has gone to Berlin to press for peace.
Adorra de la Huerta leaves for Mexico City and denies resigning the governorship of Sonora. Gilberto Valenzuela acts as governor in his absence, expected to last about twenty days. He plans to issue a decree for forming societies to exchange goods without money, a socialist idea he says could ease Mexico's monetary situation.
The official war statement reports intensified artillery duels on the Western Front near Ypres Wyatchaete salients. German forces claim success southeast of Zilleheke and advancing into the second Tirith line while French lines yield ground near Verdun. It notes fording of the Buseu by Teutonic troops under Mackensen and 2,000 more prisoners captured. Danube army advances northeast and Russian forces retreat in Dobrudia with Bulgarian Turkish and German units crossing front lines at Hirzova.
The British Foreign Office noted it had not received the note and officials denied beyond newspaper claims. French victory at Verdun is presented as a reply to the German emperor’s Alsace speech. UK press largely urges official statements on aims or German terms, while Northcliffe favors ignoring overtures. Consensus: avoid conference until powers’ policies are clear.
Premier Lloyd George on Tuesday declared Britain's purpose to end German doubt and pursue the war with vigor until victory secures peace terms for the Entente. He emphasized a firm resolve to press the conflict to a decisive end and to define Allied aims clearly.
A mixed troop train carrying Iowa field artillery derailed near Palestine this morning due to a defective rail. Two troopers were severely injured and eight burned. the rest were reported brused. The batteries A and B with officers Captain Brandt Captain Coropton and Captain Oakes were en route to muster out at Mayport Iowa.
The report notes heavy fighting along the Meuse with French gains and 9 000 prisoners. German forces advance in Romania with little opposition, the Buzi River crossing forced as momentum shifts in the theater.
The advance on the Meuse in the Verdun area continues with French forces claiming the capture of about 9,000 German troops and eighty officers. German and Turkish notes on peace were sent from Washington without U S comment while Portu gal unrest was quelled. Generals Mangin and Petain directed a French breakthrough at Louvremont and nearby woods, forcing German retreats and threatening La Mort Homme.
Detachment reports Mexicans in Nogales Arizona and Sonora to-night downplay any Villa sympathizer movement across the border to Sonora. US army officers monitor developments as small groups gather at Mor Nova. No weapons reportedly carried. many are striking workers from Ajo Arizona. Francisca Reyna said to be a former Santa Yaabel sorority leader.
Washington December reports the Senate Commerce Committee failed to reach agreement on a flood control bill authorizing 5 million dollars for the Mississippi and Sacramento rivers. The bill passed the House last May. advocates seek an unamended measure, while some senators favor broader flood control plans. Committee to resume Wednesday.
The Homestake Mining Company announces a 7 percent bonus on all wages earned by employees during the past year. About $185,000 will be distributed among workers, with payments to be made in January after the Dec 16 announcement in Lead.
Cleveland reports a light embargo on milk shipments by the Northern Ohio Producer Association entering the city. Dealers received about half the typical supply while producers claim only one tenth. A cold snap produced the season’s lowest temp, four degrees above zero, contributing to two deaths amid gas shortages.
Somersulting of prices in the wheat market sent a dramatic rally today as trading surged to the day’s high of 14 1 2 cents. May futures settled around 1.62 5/8 to 1.68 as speculators reacted to the Russian Duma's rejection of a German peace proposal amid European war news.
Petrograd reports Russian troops repulsed an Austro German force advancing in the Oltuz valley on the Moldavian front. The same bulletin notes a successful bombardment of a Prussian port on the Black Sea coast and that Bulgarian flour supplies were targeted, despite air and submarine bombardment.
At the expiration of the men's ultimatum this morning a general strike on the Havana Central railway began paralyzing traffic. The electric plant was out, leaving most towns in Havana province without power. Street car service stopped at Regla and Cuanabacoa. ferries to Casa Blanca and Resla halted. Police guard railroad and ferry terminals.
French forces launched a sharp assault near Verdun on Friday, quickly pushing Germans back and capturing thousands of prisoners including 200 officers. More than eighty German guns were taken or destroyed as villages such as Vacherauville and Besonvaux fell under French control. The advance covered about ten kilometers with substantial gains before nightfall.
Verdun Front reports pepper hill at 1122 feet and Louverment at 1138 feet captured as French troops push forward. Dozens of German deserters reveal warnings of an imminent attack and strong German precautions hindered further desertions during the nine month occupation. Air reconnaissance supported artillery as squadrons relayed reports to keep command in touch with the frontline.
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