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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 31, 1901
Page
6
Boston announces plans dated December 19 1901 for reorganizing the Erie Telegraph and Telephone Company. The notice outlines corporate restructuring steps and aims at settling debts, reorganizing assets, and establishing new leadership to stabilize operations.
Circular states stock certificates will be returned if the plan is not operative within six months from today. Expenses of the committee to be paid from sale proceeds or other funds raised for reorganization. Notables including James P. Stearns and prominent Boston bankers approve Kidder Peabody proposed plan dated December 23, 1901.
A dated item from Boston lists N. P. Hallowels as chairman Frederic F.B. Snow and Charles Herbert Watson in a formal capacity. The fragment preserves names and roles associated with a civic or organizational slate announced on December 28 1901.
Samuel Carr chairs the meeting with Wilmot Evans and Frederick Farrar also listed as participants in the official notice.
Monday evening December 30 saw a mixed stock session as big investors curb the market while New York call money spiked to 13 percent before Boston ties could adjust. Reading stock rose about four points while Jersey Central and Delaware & Hudson led gains. Amalgamated slipped as copper news and Calumet dividend cuts weighed. The Calumet & Hecla declared a ten dollar dividend payable January 29, while United Fruit slid on control fears.
Boston reports the day’s financial activity listing highest and lowest sales and the closing bid and asked prices. Record includes prices across categories with emphasis on daily market range and end-of-day quotes. Entities include Boston and date reference, reflecting market conditions.
Friends of William Curtis Wakefield struggle to post $8000 bail as the New York financier awaits the February trial for larceny of thousands. Garvey and Cook of London suspect the South Framingham youth and a New York promoter are the same man, while Wakefield’s father and English wife visit at East Cambridge Jail.
Greater Boston rings in the new year with dances in halls and prayers in churches as bells mark midnight. Secret orders, clubs, and hotels host feasts and merrymaking while weddings and anniversaries brighten homes. Notable events include the Press Club banquet for Mayor-elect Collins, New England Medal of Honor League meeting with Generals Miles and MacArthur, and a Suffolk Bicycle Club banquet. Also noted are a Dorchester stag party, a sailors’ supper, and lectures by Senator Hoar and Henry F. Naphen. Numerous balls fill the city as Clan McKenzie, Clan Chisholm, French hall events, Dewey Outing Club, St Johns Lodge, and Hibernians hold celebrations.
The New England Women's Club enjoyed a social program yesterday at Chipman Hall Tremont Temple. Charles Follen Adams presented vocal and instrumental solos, short addresses, and a recitation. He received warm applause, including readings from Mother's Doughnuts in New England dialect.
Police described a daring plan to abduct Jay Gould, age 12, with a decoy boy and twin chauffeurs, aiming to seize him as the Gould family left the Metropolitan Opera House. The scheme would move toward Central Park and the Hudson River by boat, but was thwarted by changes in departure time and heavy traffic. The Goulds traveled to Lakewood for a few days, with police already briefing officers on the suspected ringleader.
Schooner Richard S Leaming from Philadelphia to Gloucester arrives with five crew from the schooner Maud Briggs of Bangor. They report a collision Saturday evening off Cape Cod. Captain S W Webster and crew of five onboard.
The 49th session of the Boston Young Men's Congress closed with a banquet at the Bellevue last night. C. V. Hathaway presided and George B. Walker was toastmaster. The toasts covered Political Prospects in 1944 Amos K. Tilden The Ladies Dr. G. W. Soule Strenuous life C. H. French The Bachelor George W. Bradlee The Lawyer Francis b. Patton Country Above Party P. J. Conlan.
Albany to Boston wanderer known as Jake Reno plans to settle in Boston after six years of annual winter journeys. Once a foreman at Armour yards in Chicago, he left the West for Boston years ago and endured hard times, supporting himself with day jobs while accumulating $300 to $400 he keeps as savings. He says he will remain in Boston, opening a small business, with no relatives to rely on.
A provisional Zionist congress decision proposes a Palestine branch bank with capital up to 400 000 francs, restricted to banking and separate from colonization work. By end of November 352 112 one pound shares had been taken in the Jewish colonial trust in London.
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