17 Oct 1914
Page 1
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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Albuquerque Morning Journal
Location
Albuquerque, New Mexico, United States of America
Date
Oct 17, 1914
Page
1
The longest congressional session in history is nearing its conclusion as key bills move toward passage. Principal acts focus on currency law anti trust measures and a provision for an Alaskan railway project.
Across party lines, leaders show unity with the president despite trepidation over toll policies. The article highlights a major split over tolls as the key friction point, while other wartime measures receive broad support.
Washington reports Congress nearly finished with its session and eyeing adjournment by mid next week. The Senate agreed to vote on the war tax bill and amendments before adjournment, with debates over cotton provisions continued.
Representative Gardner of Massachusetts urged a war preparedness probe in the house noting United States gaps in torpedoes and armament. He warned the nation lags in naval strength, with about 560000 sailors but only 100000 needed to man ships, and only around 1000 torpedoes for current tubes. He contrasted this with the need for a year to build a single torpedo and a $1600 cost per unit.
A continuation note from the prior column appears on Page Two labeled NN Naat al Nt ll tll alg with unclear context and missing details.
Representative Gardner warns the nation is helpless if hostilities break out with any power and urges readiness for any potential conflict at sea. The remarks emphasize national unpreparedness and the need for swift action to secure ports and maritime defenses.
German forces entered Ostend at 10 30 am Thursday amid panic on the pier as refugees watched the town fall to occupation. A Daily Mail correspondent escaped on a Red Cross motor boat after German soldiers fired on the retreating craft.
St. Louis Oct. 16 Festus J Wade says the 150 million cotton loan fund is assured after his weeklong talks in New York and Washington Banks in New York have agreed to subscribe one third of the fund The federal government backs expanding cotton markets and urged foreign governments to buy American cotton to protect their textile industries
Officials launch inquiry into alleged multi million dollar transactions tied to Aoge Island operators. Senate resolution directs investigation to determine facts and identify responsible parties.
Washington Oct 14 a single bond transaction loss and a major stock write down figure in the Rock Island operations ring alarm bells. The Interstate Commerce Commission hearings reveal a $6.3 million loss on the Chicago Alton deal and a larger $35 million overall drag on Rock Island finances tied to the Frisco and related holdings. Executives and bankers including B F Yoakum and J P Morgan are cited as involved in loan financing and stock transfers. The session aims to examine charges of losses caused by few financiers manipulating the railroad’s holdings.
The New York order directs a receiver be appointed to control assets of the Chicago Rock Island & Pacific Railways holding entities not pledged to Central Trust. Horace Brand, bondholder, sues directors for damages and seeks court authority to intervene in foreclosure. Directors named include Schumacher Moore Hine and E S Moore.
Paris dispatches describe a grinding battle near Warsaw with millions of men on both sides and a months long pace to resolve. Reinforcements flood German and Allied fronts in France as reports give only vague signs of gains and losses while a British cruiser and most of its crew are sunk by a submarine torpedo.
Belgian port Ostend reportedly fell to Emperor William's forces last Thursday, with Bruges captured en route. French and British reports note ongoing fighting near Lille and the coast, while German reinforcements push to restore the offensive along the rail network toward Calais. Moscow and Warsaw fronts show continued clashes as the war widens across Europe.
Two detachments of the American Red Cross mission arrived in Vienna and were greeted with enthusiasm by the minister of railways and other prominent figures at the railway station.
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