Barnes King Found to Be Bad Stockholders Investing Hard Dollars
Barnes King is found to be bad by stockholders who Malank their hard dollars invested.
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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Oct 02, 1907
Page
13
Barnes King is found to be bad by stockholders who Malank their hard dollars invested.
The Barnes King Development Company faces a bursting bubble as thousands of stockholders in Butte and beyond learn they were misled. Promoters and former management face criticism while new officers report only $50,000 in ore value and warn that dividends are unlikely soon.
Federal Judge Edward Whitson will decide tomorrow whether to withdraw the Borah case from the jury and grant a court verdict of acquittal. The defense argued no substantial link to a land fraud conspiracy. prosecutors pressed that circumstantial evidence shows Borah acted with conspirators by handling deeds tied to fraud. The judge will rule after hearing closing arguments.
St Louis October 1 The national conference of attorney generals closed with papers on capitalizing public service corporations and state regulation of utilities Massachusetts Dana Malone urged laws like his states to protect public and investor interests Colorado W M Dickson read the New York paper Minnesota E T Young moved to memorialize Congress on federal state court jurisdiction harmony A committee was named to pursue congressional memorialization
New York Oct 1 leading officials from major life insurance firms were summoned by District Attorney Jerome to appear before the criminal branch of the state supreme court to plead to indictments. Among those named are Charles S Fairchild George W Perkins John R Hegeman Fred A Burnham George A Burnham George A Eldredge Walter R Gillette Robert A Grannis and Thomas D Jordan facing multiple counts of forgery and perjury. They are ordered to appear Monday.
Baker City Oregon October 1 Harvey K Brown former Baker County sheriff died at 3 10 PM from injuries after a bomb exploded at his front gate as he entered his home at 10 45 PM Monday. He had warned of being watched and stated Those people in Idaho will get me yet. A tall woman in, or resembling, a man was seen near his house shortly before the blast. The dynamite device was placed inside the gate on the southern side.
Vice President Fairbanks failed to win election as a lay delegate to the Methodist Episcopal church quadrennial conference in Baltimore next May. Indiana elected seven of 18 delegates by joint vote, with opposition from the radical element over the Fairbanks dinner containing cocktails and wines for President Roosevelt last Memorial Day.
Keokuk Iowa welcomed President Roosevelt with a large crowd and governors from many states for a deep waterway parade down the Mississippi to the gulf. He spoke at Rand Park amid rain, then boarded the Mississippi for St Louis, receiving a gold headed cane from Keokuk’s Black residents.
Helena October 11 Special Correspondence of the Standard reports Lewis and Clark county led all counties for September gold deposited at the United States assay office. Fergus second, Chouteau third. County receipts totaled 176,995.17 with Lewis and Clark at 47,662.39 and Broadwater 888.13 among others.
At a Chicago meeting, Robert Mather was reelected to the Chicago and Alton Railroad board, with B. A. Jackson also reappointed. Edwin Hawley was elected to replace K. H. Harriman and James Stillman, while Harriman ends his directorship. The year ending June 30 shows net earnings of 4,784,974, up 1,017,784 from the prior period.
Washington Oct 1 Rear Admiral Sebree will command the special service squadron comprising the armored cruisers Tennessee and Washington. He plans to raise his flag on the Tennessee at New York on the 8th and sail soon. The ships are being fitted out in New York and ready within a week or two. The change of commanders will take effect within days. The fleet will follow the route used by the cruiser St Louis to reach San Francisco.
Helena October 1 Former United States Deputy Marshal Samuel Ross of Missoula was named safety appliance inspector by the state railroad commission. He will inspect rolling stock and roadbeds for Montana routes. Ross is described as a practical railroad man, succeeding as deputy marshal by H. H. Hager, a former Chouteau county deputy sheriff. B. T. Stanton and Mrs. Stanton depart for the national railroad commissioners meeting in Washington next week.
Helena October 1 The supreme court met after a two month recess with twenty cases on the docket. Today the court heard arguments in the Collins administrator of Colbert estate versus McKay and others. H H Dale L D Glenn of Harlonton G C Cisel of Billings and J W Mooney of Butte admitted to practice.
James A. Moffett, president of Standard Oil of Indiana, testified before a federal grand jury about rebating with railroads. A subpena was issued for F. H. Holland, chief rate clerk for the Alton Railroad, who could gain immunity for the railroad only if not tied to Standard Oil. Rumors tied Holland to Alton officials in rate concessions.
The Butte Civic league met in Judge Lanigan's courtroom to plan a vigorous campaign against wine rooms and poolrooms. Members criticized lax enforcement while noting Brown's earlier arrest for breaking the wireroom law and the later questioning of Detective Murphy. New officers were elected with John Gleason as president pledging continued effort for law and order.
Crowds gather at Tar as growing interest and sightseers increase attendance. Vendors report rising turnout and community curiosity about the ongoing event.
Prohibition hall exhibits shape up as delays curb arrivals. Major displays from Boston & Montana, Anaconda Copper, and American Smelting and Refining illustrate copper ore reduction from ore to finished product. East Helena mining scene in lead depicts a camp, tunnel, ore road and rail link. Races attract large attendance with the cowboy relay delivering dramatic bucking and a mystery rider Cotman.
Evidence was presented in the Santa Fe railroad trial on Elkins law charges in Los Angeles. Prosecution showed Grand Canyon Lime and Cement from Arizona received 66 corrections of weight and charges, suggesting rebates. Santa Fe attorneys argued those cards were inquiries sent to Southern California agents, not rebates, with witnesses declining to confirm the exact minimums and carloads.
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