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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 12, 1901
Page
2
Major financial firms intensify effort to acquire Northern Pacific stock amid ongoing control battle. Investors push bids and proxies as factions vie for influence, signaling a protracted contest with potential implications for management and policy.
On May 11 Wall Street closed as the stock and consolidated exchanges stayed shut. Clerks worked to balance accounts while banks awaited the bank statement and London quotes for American securities. London prices rose, Union Pacific and Northern Pacific dominated talk, and Kuhn, Loeb & Co claimed influence amid ongoing control battles.
The syndicate declares it holds Northern Pacific via Kuhn Loeb & Co and foresees no immediate loss of power, while signaling possible legal challenges. At J P Morgan & Co no comment could be obtained and Mr Hill indicated there was no truth to certain reports.
State board of land commissioners and top state officials gather information on leasing state lands. A Kalispell committee including J H Edwards secretary of Kalispell Townsite Co A L Jacqueth surveyor and Kalispell mayor will urge the board to offer for sale all of the state lands.
Interview with J J Hill reveals he and J Pierpont Morgan sought control of Union Pacific but defends no personal speculation. He laments investors ruined by the vortex of a gamble, urges common sense to settle rivalries, and notes losses to friends and families while Kuhn Loeb & Co claim control.
London reports a stock exchange committee meeting to resolve the shortage of Northern Pacific shares for May and July calls. Brokers cannot secure delivery because Morgan interests and Kuhn, Loeb & Co. hold all stock. J P Morgan's London visit and talks are meant to ease tension as shares rise around 30% in anticipation.
Paris observers react to U S stock market turmoil with dire warnings. The Courier du Boir contrasts American calm with a predicted French meltdown including panics, catastrophes, riots, and ministerial crises if a similar crisis hit France.
Helena May 11 the district convention of the Order of Royal Highlanders will be held in Helena next Friday Delegates from the ninth district states Montana Wyoming Idaho and Washington will attend about 20 delegates are expected The meeting will cover normal lodge business and a delegate will be chosen for the supreme castle meeting.
The surgeon general of the Marine Hospital Service has been notified that the yellow fever case reported from Havana on April 27 has been discharged. The notice comes from Washington on May 11 and confirms the patient’s release from illness.
The report states that the illness is cured with no new cases. The Vera Cruz hospital service confirms one fatality in the city and no additional illnesses reported.
Thomas A. Brady was found not guilty in a United States court on the charge of possessing and passing counterfeit gold coins valued at $20 in Missoula last January. The jury deliberated long, Brady was ill in jail, but revived upon hearing the verdict and was released to return home.
Eight sheep shearers returning from Rock Springs were robbed in the railway yards by two men. One robber carried a lantern and the other a gun. They ordered the men to raise their hands, searched them, then locked them in the box car and fled with sums of 50 to 100 dollars each.
Helena May 11 The Attorney General ordered County Attorney McConnell and Sheriff OConnell to enforce the law against nickel in the slot machines and other gambling forms. The county attorney pledged full effort while the sheriff will execute warrants. Machines and fare and roulette games to be removed and stopped before Sunday morning.
Great Falls Montana May 11 There has been no change in the Boston & Montana strike with six stonemasons still out and 200 men laid off idle. Construction work is stopped and won t be resumed until the trouble is settled. Carpenters are not out and deny any strike. The matter is under discussion by the Smelter men s union at a late hour.
In Wichita on May 10 Mrs Nick Mark and her daughter Mary Mark abducted Mary Mark's illegitimate baby from a hospital under pretense of taking it home. An hour later the infant was found choked and buried in the Arkansas River sand. An hospital attendant alerted police and Mary confessed the murder during questioning.
San Jose May 11 Charles F Crill brought here from Wichita two weeks ago as James Dunham, the MacGlincey family murderer, was released after Sheriff Langford and District Attorney Campbell deemed him not the suspect and no longer a prisoner.
Redding California May 1 A prisoner B H Dorland who was killed was awaiting sentence for obtaining money under false pretenses and his companion I C Kingsworth was awaiting trial for rape.
An advertisement extols Dr Pierce's Golden Medical Discovery as a remedy for dyspepsia and stomach catarrh, claiming cures where other methods failed. A testimonial from Clarence Carnes of Virginia praises its digestive benefits, noting improved appetite and well being.
In Adin California on May 11 a sheriff and Alturas constable chased Dorland and Illingsworth, two inmates who fled Shasta jail on April 9. Dorland was killed during a hand to hand fight. Illingsworth fired wounding Constable Walker and piercing the sheriff's clothing. Slingeworth fled. Dorland slain and Walker hospitalized.
New York May 11 Amid European guests on the steamship St Louis Hamilton Fish and family praise President McKinley while noting jealousy of the United States. Louis Cassier plans a British engineering delegation to study American work practices and factory performance in New England Chicago and Milwaukee to learn why Germany and the US compete for engineering labor.
The Duke and Duchess of Marlborough have taken an active and conspicuous part in Primrose League meetings this week in London.
The passage notes a reception given by Mrs. Bischoffshein where prominent guests included the Duke and Duchess of Marlborough. It frames the gathering as a counterpoint to rumors of a serious misunderstanding, emphasizing unity among attendees.
In Manila on May 11 a petition to the pope, signed by resident priests, urges restoring Archbishop Nozaleda and returning Chappelle as administrator. It argues against Chappelle due to plans to admit American priests and notes Nozaleda remains archbishop though in Rome. The friars’ declining power and land matters will be settled by local suits, not government action.
Salt Lake City May 11. The state supreme court ruled in favor of the Postal Telegraph company in its suit for a right of way over the Oregon Short Line railroad from Salt Lake north to the Idaho Utah state line. Nominal damages of 100 dollars awarded to the railroad. Similar suits are pending in Idaho and Montana federal courts.
Helena May 11 Judge Knowles discharged J E Weal of Butte from bankruptcy. The court set May 31 for hearing petitions of Frank Rodder and Paris Oyler of Butte and A B G Pettigrew of Great Falls for discharge from bankruptcy.
In Washington on May 11 a man posing as John B. Dickinson offered Judge Lindsay copies of confidential communications between the attorney general and the secretary of war in the Neely case for 200. The undercover chase led to William Davis Williams, a war department stenographer, who confessed to the plot but was summarily dismissed. the draft attorney general opinion and a letter from Secretary Root were the target documents.
Governor Toole accepts invitation from Great Falls McKinley reception committee to meet the president on his arrival the 28th. The committee today received his letter of acceptance in this city.
Great Falls May 11 there is no change in the machinists strike today. Six crippled locomotives in the shops on the west side will reportedly be sent to Spokane for repairs.
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