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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Dec 23, 1913
Page
1
Bidcest Mexican Bank and the Bank of London and Mexico in the capital suspended payments forcing a financial halt. Authorities report the closure stems from liquidity strain and regulatory action, impacting depositors and markets.
Bank of London and Mexico faces a depositor run in Mexico City as President Huerta issues a decree allowing banks to suspend business for two days. Directors review affairs, aiming to resume operations. most banks prefer to stay open. The bank holds about 12,000,000 pesos in cash and 2,000,000 in bank notes, with 15 percent in discredited state currency.
Thaddeus S Lane John MacGinniss John F Davies and H R Risley accused of plotting to monopoly Montana Spokane and Northern Idaho through Interstate Consolidated Telephone company petition seeks appointment of a receiver and an audit of books while restraining defendants from meetings or voting. Plaintiffs claim Corporation Securities and Investment company controls directors and aims to wreck competing Montana firms to favor Mountain States and Pacific States telephone interests.
Columbus, Dec. 2. President Wilson was memorialized to urge Congress to submit a constitutional amendment for nationwide prohibition. Signed by a 25 member social welfare committee from the Anti-Saloon League demonstration in Washington and linked to the November Columbus temperance convention. The memorial, issued in lieu of a hearing, argues national prohibition aligns with the 1912 Baltimore platform and national resource protection goals. It requests action at the earliest practicable opportunity.
Frank Reynolds a rancher near Divide awoke to a candle on the cabin floor with shavings arranged to ignite. Suspect Gil Dick Emerson 30, befriended Reynolds, is jailed in Twin Bridges on grand larceny and arson charges after Reynolds chased the suspect toward Butte for a warrant. Officers say the candle was placed to cover the robbery by burning the cabin.
Chicago December 22 Mayor Carter H Harrison refused to receive a delegation supporting John D Shoop the present school superintendent. The petition of 50000 names urged retaining Shoop while the mayor stated he would go to any length to return Mrs Young to head of the schools.
George Taylor a 60 year old training salesman from Trenton hung from a bridge over Rancocas creek and was dragged into the water as the locomotive crossed. Trainmen rescued him but he died of shock en route to a hospital.
Summary notes passage of a currency bill urged by Prime Minister Moss regarding the telephone company. Also mentions the largest bank in Mexico closing and a rancher escape from a robbery set. Other items include sports notes and assorted local news across Anaconda and Butte.
A sweeping currency bill outlines a system of regional reserve banks to provide liquidity in crises. Banks deposit reserves with these reservoirs and can recover funds by repo, with government guarantees and new treasury notes for emergency circulation.
Washington Dec 22 The House passed the conference report on the administration bill by 298 to 4 after a long session, sending it to the Senate which had waited to receive it before adjournment for the night. Democrats cheered as report was announced and most members went to the Senate to witness the receipt. The Senate planned to vote by 8 pm tomorrow. Leader Underwood announced a recess to Jan 2. Separate bank deposit guaranty bill to be considered soon.
Williston North Dakota December 22 The case of Cleve Culbertson accused of murdering three members of the Dillon family led to calls for Sheriff Carl Ericksen to resign after he was said to have failed to prevent the lynching. Attorneys generals and district officials questioned him citing steps to protect the prisoner and the public amid threats. Officials say an official progress update on the lynching investigation will come as the identity of the leaders is sought.
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