29 Mar 1907
Page 1
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Newspaper
Athena Press
Location
Athena, Oregon, United States of America
Date
Mar 29, 1907
Page
1
A writer argues that despite no obvious economic distress, Wall Street nonproducers threaten to destabilize policy under President Roosevelt. Financiers warn of railroad confiscation and capitalization cuts, claiming railroad bosses could trigger a panic to curb reforms.
Taxes delinquent after April 1 unless half paid. Penalty 10 percent and 12 percent interest apply to unpaid amounts. Rebates offered for March 15 payments. none after April 1. Partial payments allowed through October. failure to pay last half triggers delinquency and penalties. Personal property taxes require early payment. sheriff may levy after May 1. Lands must be sold if taxes remain unpaid. deadlines extend to March 1 of the following year.
The Seattle News reports the Hill liner Dakota sank after grounding on Osano reef near Yokohama during a late February voyage from Seattle. Most cargo lost, only a small portion saved. estimated $2,000,000 in London underwriter losses. Captain Ham Frackne and 64 passengers were rescued and landed in Yokohama.
City officials announce revocation of all paying contracts not yet commenced to curb endless indebtedness. A dispute over liquor licenses surfaces as Adolph Schwartz’s license is canceled for keeping a saloon open Sunday, with appeals and restorations debated. Water system expansion improves citywide supply, reducing pumping costs by about 600 dollars monthly.
Nearly a half million bushels of wheat remain stored in W and GC warehouses causing owners to pay insurance and lose interest as rail service lags. Paget Sound Warehouse and Balfour Guthrie hold most of the grain, with strike risk threatening further delays. Grand jury reports Boise indictments for timber land fraud connected to Barber Lumber. Local court actions include gambling fines in Boise and a Helix business sale. Spring seeding in the Palouse is delayed by persistent wet weather and mud.
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