Commercial perfidy and ruinous debts haunt Southern merchants
Steven Ryan of Atlanta commanded a vast, fraudulent dry goods operation under John Ryan's Sons. He diverted receipts, secured $40,000 from banker Eugene Kelly, and bought vast inventories to fund a spree of gambled purchases. His collapse left about 400 creditors, mostly Jewish merchants, with liabilities around 1.6 million to 2.5 million, provoking a widespread commercial ruin in the South.
MENTIONED IN THIS ARTICLE
N. S. Times
North
Steven Ryan
Atlanta
Ryan
South
John Ryan
Alexander
Stewart
Steve
Schloss Brothers & Co
T. C. Campbell
Horwitz & Hershfield
Schloss Bros. & Co
Eugene Kelly
Mr. Kelly
Kelly
Bol Claflin Company
H. 4. Claflin Company
Kilrain
New Orleans
Coney Island
Phil Daly
Long Branch
Claflin Company
Unique double monument for living and dead ward leaders in New York
Two rival city politicians, Naval Officer Thomas J. Powers and Magistrate John T. Thompson, share a new Rhode Island granite double monument in Montgomery county. The 25 foot shaft bears both names on opposite fronts with a dais inscribed Friends to Life and a Grand Army of the Republic badge for Powers. Thompson rests on the right, Powers on the left in the future.
MENTIONED IN THIS ARTICLE
N. Y. Times
Damon
Phythias
Thomas J. Powers
John T. Thompson
Thompson
Powers
Montgomery County
Rhode Island
John F. Thompson
The
Grand Army of the Republic
Balfour Outlines Local Government Ideas for Ireland
Mr A J Balfour Chief Secretary for Ireland spoke at Plymouth outlining local government plans for Ireland. He argued against suspicion of a small home rule pill and warned against councils controlling nonrepresented classes. He favored landowners remaining involved, cautioned on police decentralization, and predicted political shifts as land purchases take effect.
MENTIONED IN THIS ARTICLE
London
A. J. Balfour
Ireland
Plymouth
Morley
Gladstone
Fie
England
Scotland
Rowal
Balfour
Mr. Balfour
Grand Jury
Chronicle
Trish
Times
Dupin
The
Daily Express
Express
the Express
Tin Plate Wages in Dispute Over Labor Law Policy
The Amalgamated Association of Iron and Steel Workers assails Niedringhaus of St. Louis for seeking to set aside the contract labor law to cut tin plate wages. A spokesman says Niedringhaus aims to pay foreign workers’ prices, admitting he imported workers last May to undermine American workers’ scale. He is accused of denying the McKinley tariff doctrine.
MENTIONED IN THIS ARTICLE
Prrrspurg
Amalgamated Association of Iron and Steel Workers
Treasury Department
Niedringhaus
St. Louis
William Weihe
Advance in flour in England
London August 11 A Leeds Millers Association meeting decided to raise flour prices by sixpence per ...
MENTIONED IN THIS ARTICLE
England
London
Leeds Millers’ Association
The Depleted Treasury Importing Delusive Debt Statements
Washington August 8 The Times notes the Tribune reacts to the debt statement as delusive not hiding the truth yet exaggerating assets. It questions the Treasury figure of 155 million available when only about 15 million could be paid, citing pressures and bankers aiding optimistic presentation under hard fiscal times.
MENTIONED IN THIS ARTICLE
N. J. Times
Washington
The
Tribune
Times
John Jay Knox
New York
Treasury
Money and Stocks in a Turbulent Market
The Boston money market eased with most loans at 7 percent, some at 6 percent, and funds moving from New York. Clearing House activity showed demand easing, though calls remained easy at 6 percent. Union Pacific and Atchison led declines in the stock market as trading intensified with 10,000 shares shifted, while New York & New England reported another quarterly deficit.
MENTIONED IN THIS ARTICLE
Union Pacific
Atchison
Boston & Maine
Old Colony
Boston & Albany
Connecticut & Passumpsic
N. Y
N. E
West End Railway
Boston & Lowell
Bay State Gas
Detroit Electric
Union P. Sfc
New York
Union Pacific Securities
Sage
Gould
George Gould
Messrs. Drexel, Monge & Co
Union Pacite
New England
New York & New England
Railroad Commissioners
Cesse
Inc
Atchison and
Richmond
Vagrant Escapes From District Court in Salem
Salem August 11 Joseph Hastings a young man employed by Dr George S Osborne at Peabody has been missing since last Saturday with fears for his safety. A single prisoner Jaimes Stuart of Lawrence stood before the District Court for vagrancy and escaped. A reported deed to Porphery Hall is erroneous though negotiations continue for the Xavier Brothers to buy the Danvers property as a novitiates school.
MENTIONED IN THIS ARTICLE
Salem
Srmedlay
Joseph Hastings
Georges. Osborne
Peabody
District Court
Jaimes Stuart
Lawrence
Chelsea Savings Bays
Danvers
Senators Seek Quorum in Boston Ahead of Newport Sail
After two weeks in Boston trying to secure a Senate Naval Committee quorum Senators Cameron and Butler depart for Newport aboard the flagship of the white squadron. Cameron hopes to summon a meeting in Boston with Senators Hale McPherson and Chandler to press the matter.
MENTIONED IN THIS ARTICLE
Boston
New Yorks
Senate Naval Committee
Cameron
Butler
Newport
Hale
McPherson
Chandler
Boston Sailor Stabbed Aboard Schooner George Bailey
During a fight aboard the schooner George Bailey moving down the North River last evening Frank Lawson of Boston was stabbed by Edward Brooks who has no home Brooks was arrested and Lawson was taken to hospital
MENTIONED IN THIS ARTICLE
Boston
New York
George Bailey
North River
Frank Lawson
Edward Brooks
Brooks
Lawson
Gun contract approved for 1100 high power guns
Washington Aug 11 Acting Secretary Grant of the War Department approved the Board of Ordance and Fortification recommendations that the Bethlehem Iron Company of South Bethlehem Peru receive the contract for 1100 high power guns.
MENTIONED IN THIS ARTICLE
Washington
Grant
War Department
Board of Ordnance and Fortification
Bethlehem Iron Company
South Bethlehem
Peru
Market ends dull as Union Pacific slips and rails drag
A late day selloff pushes Union Pacific from 86 4 to 32 4 while Louisville and Richmond & West Point show weakness. Rail stocks drift, railroad bonds steady overall, and the day closes with little notable movement aside from a broad, featureless trading pattern and a sharp morning rally erased by afternoon declines.
MENTIONED IN THIS ARTICLE
Union Pacific
Stock Exchange
Richmond & West Point
Tennessee Coal
Louisville & Nashville
New York Stock Sales Report Today and Prices
Total sales today 143200 shares. Compared with 153600 yesterday and 68900 Saturday. Below are the sales of principal stocks and the highest and lowest prices of Sheba.
Foreign financial reports from London and Berlin update markets
At London on Aug 11 12 30 p m Consols quoted at 96 1 16 for both money and account US 4748 103 New York Pennsylvania Ohio lists 2944 Canadian Pacific 83 38 Erie 1854 Illinois Central 97 Mexican ordinary 32 7142 St Paul New York Central Pennsylva Reading Mexican new 43 7142 Money 4 2 per cent Open market rate for short bills 17 16 three months bills 14 Berlin Imperial Bank of Germany reports a 5 2 million mark rise in specie
MENTIONED IN THIS ARTICLE
Lng
Oak Ing
Alton
Atchison
Vulio
Den
Dei
Erie
Green Bay
Great Northern
Illinois
Pel
Annes L.d
Long Island
Lake LK
Way
Lake Shore
Lusty Mobile
Ubio
Pac
Bell Tel
KRG
Saee Minn
Lee
Aly A Do Inc
Cess
Seer Ee
Nor. Pac
GUS Bb
Aenee
C. B
N.Y
N. Y
N. E
U. de St. Ly O
Ba&s
N. J. Central
U.S
N.C & Dt
West
Arn Co
N. X
A. M
Ohio & Miss
Rock Island
J.C
W. P
Baer
Bost
Alby
LOW
Sur
Main
Mass
Sane
Syr
Estes
Texas Pacific
Sean Ca W. Mich
O. C. Tees
Cleve
Canton
U, Pacific
U.P
Do Gulf
River
Maine Central
Wee W.U
Ates Trusts
Old Colony
Pa Ti
Union Pac
I Express
West End
Adams
Ammerecan
F Tales
Allone
Eee Eeess Wees
Atlantic
Eeese Eeeess
Mont
Bronewick
Catalpa
Huron
Oregon
National
NAPA
Sss
Pacific Mail
Osceola
Pal
Bos
Waee Petroleum
Santa F
Quincy
Tamarack
Eeveseee Land Companies
Anniston City
Aspinwall
Moothbay
Boston
Brookline
Campobello Aeee Lm
N. Ajo
Cutler
L. Gs
Franklin Park
B. C
Seer Oro
U.N
Bay
Nahant
Ohio
Isis
Newport
D. Léta
Payson
L. & J. M. Penobscot - Eater
San Diego
FP. Sullivan
Topeka
Lowa C
Winter Harbor
Wee MB
Log Oo
Log Oo. I
Wohabton
Crea Tis
Ti Tex. P. LG. Ain. Bell
Seeeess
Mob
Tex
N.Y.C
New England
Ween L
Sitalu . Pac
J.C. In
Cer
W. Shore
Ho & W
Nor
Reece B. H
Col. Coal
Jones Heat & Belcher
Hocking Coa
Sugar R
Ontario
Detroit
Lay State Gas
Uoupoloss
Wayne Elec
Alice
Cal & Whom-H
Elec
Stene Anne
London
United States
New York
Pennsylvania
Canadian Pacific
Illinois Central
St. Paul
Berlin
Imperial Bank of Germany
Money on call and exchange rates steady in New York
Money on call ranges from 142 2 to 2 percent for last loan and closing. Prime mercantile payer at 6%7%. Bar silver at 98%. Sterling exchange quiet but firm with bankers' bills at 4.83 percent for 60 day bills and 4.85 percent for demand. Posted rates show 4.64 to 4.86 percent.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Also Mentioned on This Page
Steve” Ryan
Union Pacific Matters
Sub-Treasury
Clearing House
Comptroller of the Currency
Wall Street
Richmond Terminal
Uie
Tennessee Coal and Iron
Lake Superior
Manitoba
Chicago
State Street Safe Deposit & Trust Company
Milwaukee & ST. Paul
Cleveland
Cincinnati
Denver & Rio Grande
Missouri, Kansas & Texas
Wheeling & Lake Erie
Car & Marve
Jan & Moxtana Mintya Co
CaLumart & Hota Minina Co
Canadian PaciFic RR
Cuicaco & Alton RR
Cuicaco & West Michigan RR
Chicago, Burlington & Quincy
Olumbus Hookine Coat & Iron Co
Enik Telegraph & Telephone
Flint & Pere Marquetie
Illinois Central RR
A Lake Exige & Western RR
Maing Central RR
Michigan Lanp & Improvement Co
P &H
Minwatcher
Lark
Western RR
New England Telephone & Telegraph Co
Proctor & Gamble Co
Portman’s
Salem News
Porphery Hall
NEW York Stock Sales
She Ua
Boston Stock Exchange
NEW York Financial
First Soo
Specialty Mfg Corporation
Universal Cash Register C.O
Advertiser Building
F. W. Prescott & Co
Devonshire Street
Petes
Eeeeeee
F. W. Preecoik
Fastern Electric Cable Co
Thomson-Houston Electric Co
Wayne Electric Co
Shire Ly Westinghouse Trust
Seeeereee
European Welding
Detroit Electric Co
Ates Ve
Lhomson-Houston Electric Co
Boston Safe Deposit, & Trust Co
State Street Safe Deposit & &Trust Co
C. A. Coffin
Ihomson-Houston Electric Company
Massachusetts
Suffolk
Joan M. Plummer
Chelsea
Court Sanare
Shomas
Essenger
Fir of
Dodge & Wade
Albert Lodge
Alhers Dodge
Charles H, Wade
Youmon
Massaolous Setis
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Margaret Cusen
Krookline
Sai
Thomas J. Cunken
Dedham
Boston Post
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Elanire
Jonathan Cobb
Register
Commonwealth OF Massacmussetys
Crealtors
Bridget Hearn
Bridget Harin
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Westborough
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Esquire
Elijah Georgy
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Jacob Hall
Said County
William Minot
Rober
Minot
Charles Hall
Oston
Joan W. McKim
Dudge
Elwam George
City OF
Board OF Street Commissioners
Harvest Street
Dorchester
Dorchester Avenue
Boston Street
J. W. Morrison
Cocseex
Goldeck
KR. Schlumberger
Austria
Voslau
London Daily Telegraph
Brockbaun
Saleby & &. Pearce & CO
Pearl Street
Corner Whitehall Street