21 Dec 1913
Page 1
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This newspaper page contains 21 articles. Subscribers can read the full text of each article.
Newspaper
Albuquerque Morning Journal
Location
Albuquerque, New Mexico, United States of America
Date
Dec 21, 1913
Page
1
Lawmakers haggle over a bank bill as House and Senate drafts diverge on key points. A conference to resolve the disputes could be delayed for days before a settlement is reached.
Democrats from both chambers press to reconcile differences in the currency bill led by Senator Owen and Representative Glass. The talks focus on rediscount rules for six month paper, bank reserve levels, and the structure of the Federal Reserve Board amid anticipated conflicts with Republican conferees.
Professor Laughlin argued the core of banking reform lies in organizing credit rather than regulating note issues. He criticized lawmakers who focus on money supply and warned about monetary shortages created by allowing banks to issue reserve notes for loans, risking inflation.
J Laurence Laughlin of the University of Chicago tells the City Club that the currency bill is a political miracle of the age since few of the lawmakers who voted for it grasped its core principles. He notes the banking laws have long been on the statute books and cites the monetary committee report to suggest remarkable outcomes.
In Seattle Washington more shots were fired in the labor dispute as non union driver Simms clashed with strikers. He claimed he was assaulted while union officials denied the charge. Leaders attributed increased tension to arming strikebreakers and employer interference in draymen affairs.
A westbound Texas & Pacific passenger train derailed fifty three miles from El Paso after striking a broken rail. Thirty five to forty people were injured with ribs broken and other serious wounds. Doctors from El Paso and a Fort Hancock military surgeon arrived to administer aid as cars tumbled into a heap and a small fire broke out.
Attorney General McReynolds cites complete competition and better service for the people of the country as a result of the action by the Phone Trust. Independent companies express satisfaction with the outcome and improved accessibility.
Attorney General McReynolds said many independent telephone firms favor the Bell agreement with the Justice Department giving them use of thousands of miles of long distance lines. He noted the cost and effort needed for real competition, and suggested government ownership remains unlikely unless free competition returns. The Bell plan would not soon lead to independent access to Bell exchanges, and officials weigh future steps.
The article notes changes in legal wording as data is reviewed by the postmaster general and Burleson may continue investigations. It discusses settlements between the justice department and major combinations, predicting that AT and T actions may not lead to court prosecutions for restraint of trade, even after reorganizations or settlements.
William J. Moriarity was acquitted by a jury of murdering Mrs Caroline Turner on the George Gould estate in Lakewood New Jersey. Testimony included a claim that a detective agency sought to identify a suspect to save its reputation. The defense suggested accidental death or violence by an automobile party.
Count Mattias Mielzynski a Polish nobleman and member of the German parliament shot and killed his wife and her nephew at Castile Dakowynokry near Crer man. He is jailed in the castle under guard. the motive remains disputed with rumors of marital strife and jealousy.
Conservative readers report that President Huerta faces strong pressure as financial strain grows amid insurgent activity. League insiders speculate confiscation of insurgent property could relieve money tightness and stabilize the regime.
Turbulent Mexico City reports show Huerta's government bolstered by gunboats and payrolls as rebels near Tampico threaten attack. Military observers assess Tampico’s defenses, potential rebel moves toward San Luis Potosi or Monterey, and the uncertain fate of the national banking system amid wartime measures.
Washington reports say federal forces at Tampico captured two rebel gunboats after a two week siege. The besieging constitutionalists abandoned the port as rebels lacked artillery to counter rifled federal warships.
A Tampico report states rebels are discouraged and have abandoned the siege, retreating about fifty miles northwest to Aldoma. The war department notes Tatepico resembles Guaymas where federals hold with limited native support. Fugitive soldiers crossing into the United States raise protests from the Huerta faction over perceived bias.
King Victor Emmanuel views Leonardo da Vinci's Mona Lisa in a public gallery. Minister Credaro of Fine Arts had the painting brought from Florence, but the king insists on visiting the artwork at the Quirinal with General Brusati, his aide.
A Paterson New Jersey man named Thomas Welsh was arrested at the Capitol on December 20 after presenting a plan to end the Mexican conflict. His scheme included sending American battleships to Mexico disguised as Spanish ships to lure leaders from both sides and then abduct them.
Bart Dunn head of Dunbar Contracting and Joseph Fogarty state highway employee were found guilty of conspiring to defraud the state in road construction. Justice Tompkins presided as the Rockland county inquiry led to the indictment over use of inferior materials in a state road contract.
Democratic leaders in Rensselaer County were named in a highway investigation before Commissioner James W. Osborne. Testimony tied campaign contributions to state highway contracts and payments to John J. Van, treasurer of the county committee, with $2500 noted in several accounts. A Troy contracting firm member William Styne is linked to a $2500 expected contribution, while Hoe admitted settling a $500 contribution. Meanwhile in Washington Jacob Bisdorf, 36, an operation curious man, is missing likely seeking hospital surgery amid suspected insanity.
Reports from Juarez say federal troops under Gen Salazar and Gen Oronco move from Ojinaga to encircle Villa in Chihuahua. Villa, with about 5,000 men, guards 255 miles of railroad to Juarez while federals plan to cut lines and threaten Mormon colonies. The Methodist South church with $100,000 in Chihuahua property and all Catholic churches there have closed amid expulsion of Spanish priests and nuns.
General Francisco Villa issued a note to U.S. Consul Marion Leteler denying detention of women and children in Chihuahua by rebel forces. He claimed no orders prevented families from leaving and offered to arrange a special train to the frontier. He contrasted his conduct with Huerta's forces, which allegedly moved families with soldiers and munitions.
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