Treasury to Issue Half a Billion Currency in Emergency
Secretary McAdoo announced the government will issue up to 500 million in currency to meet crisis needs from the European war. President Wilson plans swift action to protect national interests and may nominate two new federal reserve board members to implement the currency law promptly. The stock exchange closed temporarily, with officials signaling Treasury support if needed.
MENTIONED IN THIS ARTICLE
Wasington
Teneh
Treasury Department
Europe
William Gibbs McAdoo
The
Treasury
Wilson
Sam
Servia
Vienna
Rome
Iitaly
Washington
McAdoo
Berlin
Austria
Russia
New York
New York Cotton Exchange
Hamburg
American Steamship Company
New York Coffee Exchange
London
Paris
Morgan Sees Hope Despite European Turmoil
J Pierpont Morgan and Company chief urges calm as Europe fumbles toward conflict. He notes stock exchange closure driven by uncertainty and warns Americans to keep level heads during possible war in Europe and its financial spillover.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
World Stock Exchanges Close Indefinitely After NY Closure
New York closes for an indefinite period after a governors conference at J P Morgan as most global exchanges halt trading. Washington Chicago Baltimore Pittsburgh and others will also close, signaling a widespread market shutdown.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
J. P. Morgan
Washington
Chicago
Baltimore
Pitsburg
United States
Cotton Exchange Faces Closures After Major Failures
New York on July 31 saw three major cotton firms fail with S. H. P.well and Company, Homer Howe and Company, and F. J. Hendrickson and Company announcing failures. The exchange then closed for an indefinite period. Later Flomer and Company, a leading New York firm, also shut its doors.
MENTIONED IN THIS ARTICLE
New York
Cotton Exchange
S. H. P.well and Company
Homer Howe and Company
F. J. Hendrickson and Company
Flomer and Company
New Orleans Exchange Closes Indefinitely After NYSE
The New Orleans stock exchange shut down indefinitely after the New York market closed. No closing prices will be issued today, and operations will resume once market conditions stabilize.
MENTIONED IN THIS ARTICLE
New Orleans
New York Stock Exchange
Detectives Accused of Accepting Bribes in Birmingham
Birmingham July 31 city detectives Ben Brown and R G Williams were suspended as warrants issued on charges of accepting bribes. An arrested black man from New Orleans, wanted in Memphis for a $400 robbery, swore he was paid $200 for release. The detectives deny the accusations.
MENTIONED IN THIS ARTICLE
Birmingham
New Orleans
Memphis
Ben Brown
R. G. Williams
War at a Glance Berlin Berlin declares war and global markets crumble
The report notes Berlin and Bavaria in a state of war, Austria and Russia sever relations, and wartime moves from St Petersburg to London. Markets close, grain rises, and banking runs emerge as deposits flood Brussels and the world braces for conflict.
MENTIONED IN THIS ARTICLE
Berlin
Germany
Bavaria
St. Petersburg
Austria
London
Brussels
Three Jacksonville Negro Children Die in Home Fire
News reached here today of the death by fire of three negro children about two miles south of Jacksonville last night. They were the children of Frank Hoke, a well known local man. The house was discovered burning after the family left. One older boy tried to summon help but failed. The three children burned to death. one suffered severe injuries before death. The house and all contents were totally destroyed.
MENTIONED IN THIS ARTICLE
Frank Hoke
Cotton Crop Condition Report July 25
The crop reporting bureau estimates cotton crop condition at 76.4 percent of normal as of July 25, down from 79 percent on June 25 and below the year average of 80 percent. Alabama’s crop condition is 81 percent.
MENTIONED IN THIS ARTICLE
Washington
Department of Agriculture Today
Alabama
Rebels Capture Guanajuato Reverberates Through Peace Talks
News from Washington reports the rebels have captured Guanajuato, the last major federal city north of Queretaro, signaling continued push toward Mexico City. The advance costs the administration and constitutionalists hope for an armistice before the Saltillo peace conference.
MENTIONED IN THIS ARTICLE
Washington
Guanajato
Queretaro
Mexico
Constitutionalist
Carranza
Saltillo
Mexico City
Mobilization ordered as European fronts intensify
War bulletins report Austrian and Servian clashes with recent repulses. Dutch mobilization begins at 1:30 PM local time. German forces mobilize on the frontier while Servian guards invade Austrian Bosnia but are repulsed. An Austrian aircraft illuminated Servian positions near the Sage river bridge.
MENTIONED IN THIS ARTICLE
Hague
Paris
Vienna
Bosnia
Samlin
Sage River
Servians Claim Victory Over Austrians at Semendria
Nish Servia July 31 The government announced a Serbian victory over Austrian forces at Semendria declaring the invaders defeated with heavy losses. Servian artillery inflicted heavy punishment on the Austrians.
MENTIONED IN THIS ARTICLE
Nish
Servia
Semendria
Alabama defaulter caught in Illinois arrest of county treasurer
Birmingham reports J. D. Searcy treasurer of Cullman county was arrested in Rock Island Illinois on a defalcation of about 8000 dollars. He had drawn funds on road bond issues, bought a car, and fled to Birmingham weeks earlier.
MENTIONED IN THIS ARTICLE
Alabama
Illinois
Birmingham
Bodecker Detective Agency
Birmingham Today
Rock Island, NL
J. D. Searcy
Cullman County
Searcy
Life term for woman in New Haven murder case
Mrs. Bessie J. Wakefield, once convicted of first degree murder and sentenced to hang for her husband’s murder, was sentenced to life imprisonment today at her second trial in New Haven Connecticut on July 31.
MENTIONED IN THIS ARTICLE
New Haven
Conn
Bessie J. Wakefield
Vaterland Held for German Army Transport
New York reports the steamer Vaterland, set to sail to Europe, will be held here overnight awaiting Germany orders and likely placed at the disposal of the German army. The Hamburg American Line steamer America will also be detained in Boston. Hundreds of Americans had planned transatlantic voyages.
MENTIONED IN THIS ARTICLE
New York
Vaterland
Europe
Germany
America
Boston
Coleman Rules For Mill In Tax Case Appeal
Judge Thomas W. Coleman decides in favor of Profile Cotton Mills in a tax dispute appealed from the commissioners court. The case began after the property was assessed at 500 000 by Tax Commissioner C D Martin. the commissioners set it at 350 000. The decision preserves a lower assessment and ends years of litigation.
MENTIONED IN THIS ARTICLE
Just
Profile Cotton Mills
Commissioners’ Court
Engineers to Strike August Seventh in Western Railroads
Chicago July 31. Union officials say 55,000 engineers and firemen will strike Friday August 7 unlessrailroads accept the mediators plan. Western roads including the S C and Frisco are involved. Committees fly to Washington to seek White House settlement after mediation board failure.
MENTIONED IN THIS ARTICLE
Chicago
Federal Mediation Board
Western Railroads
Washington
Wilson
S. C
Frisco
Profile Mills Tax Case Sets $250000 Assessment
The Profile Mills dispute centers on whether the assessment should reflect plant and equipment value as an investment or expenditures totaling about $750000. Attorneys Fouehe Matthews for Profile Mills and Knox Ack er Sterne and W C Tunstall for the Tax Commissioner appeared in the case.
MENTIONED IN THIS ARTICLE
Cotons Mills
Fouehe Matthews
Tax
Knox, Acker and Sterne
W. C. Tunstall
Pollard Given Two Years In Prison
Greensboro July 31 The law and equity court presided by Judge C E Walter sits through a busy week The trial of Ben T Pollard of Newbern for the killing of Jack Payne draws interest and crowds including Payne’s widow and children
MENTIONED IN THIS ARTICLE
Greensboro
Law and Equity Court
C. E. Walter
Ben T. Pollard
Newbern
Jack Payne
Payne
State of War Declared Early This Morning
London reports Russia proclaims general mobilization and Britain notes martial law declared by Germany. Berlin announces Emperor William decrees state of war with 5,200,000 German troops mobilized and railways under military control as Europe edges toward broader conflict.
MENTIONED IN THIS ARTICLE
Russia
Germany
Moves to Head Off European Conflict
London reports Sir Edward Grey urges a peace conference in London to avert a broader European war. He calls for a gathering of all Triple Alliance and Triple Entente nations to confine the present conflict, but progress has been only moderate.
MENTIONED IN THIS ARTICLE
London
Eng
Edward Grey
Also Mentioned on This Page
Neces
Sary
Morgan
Czar Nicholas
Maly
France
England
World Stock Exchanges Close
War
Jacksonville
Sonville
Coleman
Mill
Thomas W. Coleman
Pollard
Asquith
Willam
German Empire
Sir Edward Grey
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