Taft Urges Federal Court of Commerce and National Corporation Law
President Taft dispatches a comprehensive interstate commerce message urging a five judge United States Court of Commerce for uniform enforcement, strengthened Interstate Commerce Commission powers, and a national corporation law to curb holding companies, regulate railroads, and oppose stock watering and monopolies. He calls for centralized federal oversight and prompt enactment of these curbs.
MENTIONED IN THIS ARTICLE
Taft
Congress
Court of Commerce
Interstate Commerce Commission
Interstate Commission
United States
Senate
House of Representaver
United States Court of Commerce
Department of Justice
New Leader of the Democrats in the Senate
Senator Hernando De Soto Money of Mississippi becomes minority leader in the Senate against his will. Age 70, his background includes Holmes County origins, a university education, and careers as a lawyer and planter. He served in the Confederate army until 1864 due to failing eyesight. He later spent 14 years in the House before joining the Senate in 1897.
MENTIONED IN THIS ARTICLE
Hernando de Soto Money
Mississippi
Congress
C. A.culberson
Bacon
Senator Money
Holmes County
House of Representatives
United States Senate
Transatlantic Passenger Travel in 1909 Compared to 1907 and 1908
The 1909 transatlantic passenger total from New York reached about 1,730,000, with 1,247,244 west bound and 482,756 east bound. First cabin business in 1909 was nearly as strong as in 1907, while steerage patterns returned to normal except for the steerage segment.
MENTIONED IN THIS ARTICLE
United States
New York
Labor War at Steel Trust Pressures Employee Stock Plan
The United States Steck Corporation faces a labor conflict as loyal employees who previously bought shares may resist union efforts. The company reveals terms for subscribing to 24,000 shares of preferred stock at 121 per share and a $1,000,000 bonus fund, with three years to pay through payroll deductions. If stock is held five years, a $5 per share bonus is added, atop a 7 percent dividend, benefiting those who maintain holdings and excluding others.
MENTIONED IN THIS ARTICLE
United States Steck Corporation
Federation of Labor
Steel Trust
Primary Bill Boost Begun In The House
In Springfield the House opened an extraordinary session after a holiday recess as Speaker Shurtleff announced no fixed program but a readiness to work. B M Chiperfield and associates moved to take up all primary bills for general discussion in committee of the whole, signaling a direct primary battle poised for the Senate. A separate Senate bill by Charles F Hurburgh seeks a $10000 probe into express rates by Illinois carriers, with emergency funding for immediate action. Chiperfield's submerged lands probe warned of vast land grabs valued at 50 to 75 million dollars, claiming illegal reclamation from banks, navigable rivers and Lake Michigan shores, urging a 15,000 increase to continue the inquiry.
MENTIONED IN THIS ARTICLE
Congress
General Assembly
Shurtleff
Galena
Cairo
B. M. Chiperfield
Canton
Chiperfield
House
Senate
Illinois
Charles F. Hurburgh
Galesburg
Railroad and Warehouse Commission
Chicago Association Commerce and
Blatt
Harburgh
Lake Michigan
House Appropriations Committee
Island as Museum Seat for Field Columbian Museum
Bills in the House and Senate propose granting title to submerged land off Grant Park Chicago for the Field Columbian Museum. Senator Billings and Representative Shanahan introduced the measures at the request of Stanley Field.
MENTIONED IN THIS ARTICLE
Grant Park
Congress Street
Chicago
Park Commissioners
House
Senate
Billings
David E. Shanahan
Stanley Field
Potter bill to fund mining rescue stations at three cities
Senator Potter introduces legislation to establish mining rescue stations in Springfield Marion and Ottawa to improve emergency response and safety for miners. The measure outlines funding and operational requirements for the new facilities.
MENTIONED IN THIS ARTICLE
Potter
Springfield
Marion
Ottawa
Chicago legislator seeks end to primaries and petition nominations
Representative George L. McConnell introduces a bill to abolish primaries and require nomination by petition for all offices except school and road district posts, removing party circles from ballots. P. F. Murray backs a separate bill proposing a single ballot printing all party tickets.
MENTIONED IN THIS ARTICLE
George L. McConnell
Chicago
P. F. Murray
Morey Institutions Combine in $200 Million Merger
J Pierpont Morgan engineers a major consolidation of three New York trust firms into the Guaranty Trust Company, forming a $200,000,000 assets institution. The Morton Trust, Fifth Avenue Trust, and Guaranty Trust unite, with Morgan signaling broader plans to consolidate dominant financial houses in New York. Morgan reportedly gained control by purchasing interest from Ryan and Mutual Life, after earlier moves involving Harriman.
MENTIONED IN THIS ARTICLE
Mr. Morgan
Thomas F. Ryan
Mutual Life Insurance Company
E. H. Harriman
Guaranty Trust Company
Central Institution
New York City
Morgan
Morton Trust Company
Robbers Kill One and Are Taken After Ypsilanti Shootout
In Ypsilanti Michigan two men suspected of a jewelry store burglary fought a desperate battle after being captured at the Michigan Central depot. Baggageman Henry C. Miner was killed and ticket clerk Morgan Emmett wounded fatally. Suspects Robert McCormick Winkie and Carl Billings, both Detroit, were taken into custody along with a third man. one suspect was shot in the leg.
MENTIONED IN THIS ARTICLE
Ypsilanti
Mich
Michigan Central
Henry C. Miner
Morgan Emmett
Robert McCormick
Detroit
Winkie
Carl Billings
Death Takes Satolli Cardinal Dies in Rome
Cardinal Francis Satolli died in Rome at four this morning after several weeks of illness with delirium. He was well known to Americans for serving two years as apostolic delegate to Washington and as the head of the Roman Catholic Church in America. After leaving that post he remained a leading cardinal and was briefly discussed as a potential successor to Pope Leo XIII.
MENTIONED IN THIS ARTICLE
Rome
America
Cardinal Satolli
Cardinal Francis Satolli
Washington
House of Cardinals
Leo XIII
Mystery surrounds death of Cincinnati official’s daughter
Miss Tillie Schwaab, 18, was found with a bullet in her heart in her father John Schwaab’s home, a revolver nearby. The family rejects suicide, and the case remains shrouded in mystery as relatives dispute the self-inflicted death theory.
MENTIONED IN THIS ARTICLE
Cincinnati
Tillie Schwaab
John Schwaab
Cincinnati Board of Education
Miss Schwaab
Mississippi River Ice Bound Locks Traffic
The Mississippi River is frozen from St Paul Minnesota to Grand Tower Illinois for the first time in years except at a few points where ice dams persist at Chester Crystal City and Jefferson Barracks. In the St Louis harbor ice ranges from one to five feet in thickness leaving all river craft ice locked.
MENTIONED IN THIS ARTICLE
Mississippi River
St. Paul
Minn
Grand Tower
Chester
Crystal City
Jefferson Barracks
St. Louis
Chicago trade review notes cautious expansion amid winter slowdowns
R G Dun weekly review of Chicago trade reports favorable long term business conditions with blizzard related freight delays and fuel problems easing. Demand for farm implements shoes furniture electric supplies machinery and heavy hardware rises while dry goods buyers seek protection against rising costs. Bank clears 250.5 million, 18.9 percent below 1909. failures total 28 in district, four with liabilities over 5 thousand.
MENTIONED IN THIS ARTICLE
Chicago
R. G. Dun & Co
New Year Trade Opens With Lull Amid Cold Weather
New York reports a perceptible lull in trade as severe cold and heavy storms disrupt transport and curb country trade. Retail trade benefits from demand for seasonable goods and winter-clearance sales, while wholesale lines stay quiet. Bradstreet notes 271 U.S. business failures for the week ending Jan 6, versus 257 prior week and historical levels. Canada shows 33 failures, up from 23 last week and 41 in 1909’s corresponding week.
MENTIONED IN THIS ARTICLE
United States
Canada
Bradstreet
Market prices for cattle hogs sheep and grains across major cities
Chicago prices span cattle common to prime from 4.00 to 8.10 for hogs prime heavy 4.50 to 8.85 and sheep 4.50 to 5.75 while wheat No 2 sits 1.25 to 1.27 and corn No 2 63 to 65 cents across Indianapolis St Louis Detroit Milwaukee Buffalo Toledo Cincinnati New York and more show varied ranges for daily commodities including butter eggs and hay across regional markets.
MENTIONED IN THIS ARTICLE
Chicago
Indianapolis
St. Louis
Detroit
Milwaukee
Toledo
Cincinnati
New York
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Urestah
Heck
Sherman Law
Interstate Commerce Act
Interstate Commerce Employers
Interstate Commerce Committee
Department of Commerce and Labor
Great Trusts and Monopoliies
Democrats
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Fair Field
MOREY
Satolli
Francio-ardinal
Jatolli