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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 21, 1923
Page
12
The town prepares for President Harding in a Butte visit with a planned route via Great Northern and Leonard mine. Lt Hesser praised for Montana flying hours. Mayor Horgan outlines ball park ceremony, medal presentation, and reception amid scouting honors and park preparations.
On June 20 President Harding began a 15,000 mile Pacific coast Alaska trip aboard a special train near Cumberland Maryland. In Martinsburg West Virginia he spoke to a boy who shouted hello Mr President registering a warm response from workers and travelers. He waved from the rear platform as the train paused for water and later recalled his youth at a creek swimming hole while greeting scattered onlookers along the route.
President relaxed after a long day handling official duties and met the train crew during his journey. He playfully reprimanded some conductors who had not visited his car. Tsafjordur is noted as a progressive Icelandic city with 1,854 residents. Arnold Bennett reportedly wrote 335,340 words in one year.
Senator James E. Watson of Indiana says there will be no split in the Republican party over the World Court of Justice. He predicts twenty-two Republicans now opposing the plan will vote for it with reservations, and with Democrats except for two, will form a two-thirds majority.
Wall Street faces turmoil as the Zimmerman & Forshay brokerage sinks to the wall after a market crash sparked by Cromwell's yesterday report denying rumors of broker failures. The exchange chief defended the momentary nature of such statements while confirming a pivotal meeting with the firm, which had sought loans to cover a heavy run.
The firm, once guarding moneys impounded during the war, failed after negotiations collapsed and closed by noon. An involuntary bankruptcy petition was filed and Gordon Auchincloss named receiver in $50,000 bonds. Liabilities were about $7,000,000 with assets around $9,500,000, but asset realization lag prevented meeting the run.
Western Carrier announces a plan of reorganization to issue funds for immediate capital needs and contemplated payments. The reorganized company will acquire property under the Denver and Rio Grande Western refunding and adjustment mortgages and other company assets. Utah Fuel stock, pledged under the first consolidated mortgage of Rio Grande Western Railway, will be vested in trustees.
The Wisconsin state senate rejected the Tucker bill by a 19 to 12 vote, ending repeal attempts of the Severson state prohibition law. The bill, already passed by the house, was brought up for engrossment in the senate tonight.
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