Merger to Save a Panic in 1907 Steel Trust Probe
L C Hanna of Cleveland, a syndicate owner, testifies before the House steel trust committee regarding the Tennessee Coal and Iron takeover by United States Corporation during the financial panic of 1907. He asserts there were no ulterior motives in the merger.
MENTIONED IN THIS ARTICLE
New York
Tennessee Coal & Iron Company
United States Corporation
L. C. Hanna
Cleveland
Ten-nessee
Steel Trust
House of Representatives
Motives discussed in Hanna hearing over steel deal
Mr Hanna, brother of late Senator Mark Hanna, admitted suspicions but credited reports. He said the transaction aimed to avert collapse of Moore & Schley in New York, which held Tennessee Coal & Iron stock as loan collateral, and to prevent broader business disaster. The hearing hinted that TCI stock was hammered to invite a United States Steel takeover of the ore lands.
MENTIONED IN THIS ARTICLE
Hanna
Mark Hanna
New York
Moore & Schley
Tennessee Coal & Iron
Tremendous Values In Stylish Clothes Sale at Continental
The Continental offers suits priced at 9.75, skimming 15 and 18 dollar values. Styles include Blue Shadow Stripes Blue Pencil Stripes and Fancy Worstedhand-tailored suits for fall wear. Today will be a busy sale with broad selection.
MENTIONED IN THIS ARTICLE
The
Continental
Harriman stake in Tennessee rail deal sparks senate inquiry
Representative Gardner questions witnesses on rumors of a conspiracy to discredit the Tennessee company stock in Wall Street. The discussion cites 1907 orders for 157 500 tons of steel rails and mentions figures like BE Harriman and John W Gates in alleged attempts to influence bank loans and drive down Tennessee stock for U S Steel. Hanna and others acknowledge gossip but deny intent.
MENTIONED IN THIS ARTICLE
BE. H. Harriman
Tennessee Company
Schley-Hanna Tennessee
Wall Street
United States Steel Corporation
Gardner
Massachusetts
Hanna
John W. Gates
Mr. Gardner
Three Rescued In Hotel Momauguin Fire At Casey Beach
Fire at Hotel Momauguin and nearby Frankin D. Hoyt buildings at Casey Beach East Haven Shore Long Island Sound caused near total loss estimated at 50 000 dollars. R V Callahan his wife and infant escaped with ladders as cottages faced danger before flames driven seaward by wind. Callahan suspects incendiary act.
MENTIONED IN THIS ARTICLE
New Haven
Conn
Momauguin
Franklin D. Hoyt
Casey Beach
East Haven
Long Island Sound
R. V. Callahan
Connecticut Company
Callahan
Straw Hats Selling at One Dollar
A local sale offers straw hats at $1.00 each with all hats to be sold regardless of loss, while higher priced straws at $1.50, $2 and $2.50 are contrasted. The Continental emphasizes no carryover and a strict rule to clear stock.
MENTIONED IN THIS ARTICLE
Continental
Scientists Plan Parkway Annex and Covered Walk
The Christian Science Publishing Company intends a 27 000 square foot annex on the parkway adjoining Chickering Hall. A covered walk, with a classical arcaded colonnade, will link Huntington avenue car line access to Falmouth street. The project uses 19 000 square feet gift from Mrs. John Longyear, will be fireproof, limestone and Bedford stone, elevators, large windows, and expanded offices, with park improvements and redesigned terraces along the former dump site now a landscaped garden.
MENTIONED IN THIS ARTICLE
Christian Science Publishing Company
Chickering Hall
John Longyear
France
Church
Huntington Avenue
Falmouth Street
First
Church of Christ, Scientist
Brookline
Ixben D. Jordan
Rumored Annex Promises Ornamental Style for City Building
Though no definite plans exist, reports say the annex will be a highly ornamental structure in an elaborate style. Officials have not confirmed details, but residents anticipate a landmark addition reflecting contemporary design trends and civic ambition.
Unloading Shoes At the Continental Sale
The Continental announces a mark down in fine Oxford shoes with prices from $2.45 to $3.75. Quality goods usually sold at $3 to $5 now reduced, each pair carries a guarantee of perfect satisfaction.
MENTIONED IN THIS ARTICLE
Oxford
Continental
Will contest Brown legacy in Providence appeal filed
Relatives of the late Dr. Oliver H. Arnold filed notice of appeal from a Municipal Court order allowing the will and seek a Superior Court hearing. The will left Brown University about 85,000 dollars while nephews Harris W. Inman and Charles M. Inman and niece Grace E. Inman received 1,000 dollars each. The estate totals upward of 250,000 dollars.
MENTIONED IN THIS ARTICLE
Providence
Oliver H. Arnold
Brown University
Arnold
Harris W. Inman
Charles M. Inman
Grace E. Inman
Dix shifts vacation from Nantucket to Lake George
Governor Dix cancels plans to spend August at Nantucket and will relocate his vacation to Lake George. The move updates the governor’s travel schedule and keeps August arrangements tied to the Adirondack region.
MENTIONED IN THIS ARTICLE
Albany
N. Y
Dix
Nantucket
Mass
Lake George
Auto Crash Wrecks Two Cars in Rainy Portsmouth
In heavy rain at the Middle and South roads junction, a car owned by George Batehelder of North Hampton, driven by Morris Wright and carrying two ladies, collided with a touring car owned by Frank Hibbard of Chicago. Also in the Chicago car were A. B. Babcock and a chauffeur named Thompson. All occupants escaped injury, though both vehicles were badly wrecked.
MENTIONED IN THIS ARTICLE
Portsmouth
N. H
George Batehelder
North Hampton
Morris Wright
Middle
South Roads
Frank Hibbard
Chicago
Mr. Hibbard
A. B. Babcock
Thompson
Harvard Professor's Butler Pleads Guilty to Larceny
Hugo Hillner former butler to Professor Percival Lowell of 11 West Cedar street pleaded guilty to larceny in Police Court. He claimed a spell made him steal the curios. Judge Bennett ordered probation officer Frank Dudley to investigate his past and continued the case until today.
MENTIONED IN THIS ARTICLE
Percival Lowell
West Cedar Street
Hugo Hillner
Harvard
Bennett
Frank Dudley
Millner
Steamer John Irwin Sinks After Hitting Rock Near Beaver Harbor
A Liscomb message confirms the steamer John Irwin struck a rock and sank off Beaver Harbor last Tuesday. Twelve men were aboard. Willie McLeod of Halifax survived after washing ashore on a life raft.
MENTIONED IN THIS ARTICLE
Halifax
John Irwin
Liscomb
Here
Beaver Harbor
Willie McLeod
Shipwreck at Beaver Harbor rocks claims two lives
McLeod and a companion were aboard the John Irwin when the screw steamer was driven onto rocks near Beaver Harbor after a fierce storm. McLeod washed ashore on a Marie Joseph hatch. his companion died and was carried to sea. The crew’s fate and Captain Heater remain unclear as news traveled from Liscomb and Marie Joseph to the city.
MENTIONED IN THIS ARTICLE
McLeod
Marie Joseph
Heater
Nova Scotia
Guysboro County
Beaver Harbor
Liscomb
Irwin
John Irwin
Paisley
Scotland
Port Hood and Richmond Coal Company
Atlantic Collieries Company
Port Morion
C. B
Halifax
Elva M. Battles Gale Then Grounding Near Croix Island
The British fishing schooner Elva M. arrived in Gloucester after a voyage from Nippers Harbor N F. A gale in the Strait of Belle Isle drove her aground on Croix Island where 200 barrels of herring were jettisoned before she was freed. The crew kept pumps manned night and day to reach port, reporting an eventful trip last Monday.
MENTIONED IN THIS ARTICLE
Gloucester
Nippers Harbor
N. F
Strait of
Belle Isle
Croix Island
Quash Bars to Walsh Parole
WashingtonJuly 28 The remaining indictments against former Chicago banker John R Walsh were quashed at the request of United States Attorney Sims clearing the way for a possible parole from Leavenworth prison in September He would have to serve one third of a five year sentence before the board meets September 12 if he applies for release
MENTIONED IN THIS ARTICLE
Washington
John R. Walsh
Chicago
Leavenworth
United States
Sims
Walsh
Old newspaper man dead New York veteran of Civil War
Stephen RB Smith longtime Boston Globe representative in New York died suddenly today at Hahnemann Hospital after an operation. He was a native of Massachusetts and a Civil War veteran.
MENTIONED IN THIS ARTICLE
New York
Stephen RB. Smith
Boston Globe
Hahnemann Hospital
Mr. Smith
Massachusetts
Also Mentioned on This Page
Tennessee Syndicate
Steel
Indiana
Christian Science Church
Mark
Boston
Washington St
Cor
Boyiston St
Brown Legacy
Horsford
Talbot
Talbot GO
Washington Street
Georges
Prince Albert
Summer St
Buffalo
Ashington
Philadelphia
North Shore
Bennett Cafe
Bennet
Hollis St
Holland Wine Go
Wolf’s
My Clothier
Hanover
Portland Streets
Portland Street
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