Secretary Foster Extends 2 Percent Bond Continuance
The text reports President Harrison's shift to Secretary Foster and New York bankers on setting bond interest at 2 percent, delaying a 50 million dollar gold payout. It covers continuance totals, cash redemptions, and Foster's circular extending continuance while noting many bonds will be redeemed in cash. It details implications for national bank circulation and outlines planned sugar bounty inspections and laboratories.
MENTIONED IN THIS ARTICLE
Wasxinetos
Streran
Harrison
Foster
New York
Treasury
Gould
Washington
Ank
Businss
Secretary of the Treasury
IBY Associated Press
Settlement in hat trimming tax cases likely tomorrow
Treasury officials expect a settlement with importers over hat trimming duties with General A P Ketchum proposing refunds on ribbons and trimmings. The deal, if accepted, would drop many suits and save the government millions though some claims would still go forward.
MENTIONED IN THIS ARTICLE
Treasury
Marcus Hanlon
Philadelphia
Department
A. P. Ketchum
Foster
Spaulding
Tingle
Taft
Hepburn
Han
A.B. Kerenun
Sugar bounty estimates and treasury impact report
The sugar bounty will remove about 10 million dollars from the Treasury. Producers estimate they may claim 12 million but expect to fall short this year. They anticipate improvement in coming years as the motive of others' money takes effect, per returns to the Commissioner of Internal Revenue.
MENTIONED IN THIS ARTICLE
Treasury
Commissioner of Internal Revenue
Bonds of the Pacific Roads Sealed by Treasury Exchange
The Secretary of the Treasury will receive for the Union Pacific sinking fund any first mortgage 6 percent bonds of the Pacific railroads that are prior liens to the Government. In exchange, currency fixes of like dates of maturity will be issued to raise the sinking fund income by 14 percent. Bonds may be delivered to the Assistant Treasurer in New York for shipment to the Treasury.
MENTIONED IN THIS ARTICLE
Secretary of the Treasury
Union Pacific Railroad
Pacific Railroads
U.S
New York
Treasury Department
Vermont Guard Drill Report Finds Varied Readiness
Captain Hoyt reports in his War Department inspection of the Vermont National Guard at Bennington last August that several companies are fairly well drilled with enthusiasm while others lack practice drills. Armories are deficient and the force is small. the state could concentrate military power within 24 hours. Officers show capacity but need experience. many enlisted are young miners and some appear physically disqualified. Light battery drill is excellent. Hoyt notes Vermont’s wartime representation was one-tenth of population versus one in 500 now receiving instruction.
MENTIONED IN THIS ARTICLE
Vermont National Guard
War Department
Bennington
Hoyt
Eleventh Infantry
Vermont
Newport Social Season Busy With Luncheons and Weddings
Delightful luncheons at Mrs William Post and Mrs E M Oelrichs mark Newport events. Mrs F W Andrews hosts a Wednesday reception with cottage guests. Parties include children’s gatherings by Mrs Sidney Jones Colford and a Vinland dinner by Mrs Louis L Lorillard. Invitations list coaches from Boston and notable locals. Mrs George Barclay of the English legation returns to Washington to wed Miss Chapman, with his brother H G Barclay arriving for the ceremony. A Wakehurst dinner and musicale features Boston artists.
MENTIONED IN THIS ARTICLE
Newport
R. 1
William Post
M. Oelrichs
Oelrichs
F. W. Andrews
Boston
Sidney Jones Colford
Vinland
Louis L. Lorillard
W. W. Sherman
Washington
Miss Chapman
Barclay
Lanas
H. G. Barclay
Nathaniel Thayer
J.J. van Alen
Wakehurst
Unparalleled feat speeds mails from Asia to London
Mails from Yokohama on the Empress of Japan arrived in Vancouver August 29 and were moved by special trains to Morristown and then New York. They reached Grand Central at 4 a.m. and boarded the City of New York at 6 a.m. for Queenstown, aiming to reach London by the night of next Wednesday. The trip, aided by rapid wagon transfers and swift segment runs across the Hudson, was accomplished in under twenty one days, a record for the post office.
MENTIONED IN THIS ARTICLE
New York
China
Japan
Yokohama
Canadian Pacific Railway Company
Vancouver
B.C
Grand Central Station
Inman
City of
Queenstown
City of New York
London
Morristown
N. Y
Canadian Pacific
Brockville
St. Lawrence
Utica
Albany
Poughkeepsie
Cold Springs
Croton
Yonkers
New York City
Funeral of Rev J W Olmstead Manchester Sep 2
The funeral of the late Rev J W Olmstead former editor of the Watchman was held from his summer residence this afternoon. Simple services were conducted by Rev A J Gordon of Boston and Rev C M Lamson. The body was taken to Schuylerville New York for burial. A large attendance of clergy and others from Boston and vicinity attended.
MENTIONED IN THIS ARTICLE
DR. Olmstead
Manchester
J. W. Olmstead
the Watchman
A. J. Gordon
Boston
C. M. Lamson
Schuylerville
N.Y
Chamber of Commerce Breach Suit Upset by High Court Decree
The Supreme Court overruled Justice Holmes and sustained a $14,500 damage award to Neil McNeil against the Building Committee of the Chamber of Commerce for denying him the lowest bid to build a new India Street structure. The opinion discusses ostensible authority, committee action, and director knowledge, with reactions from officers and members about potential funding and future steps.
MENTIONED IN THIS ARTICLE
Chamber of Commerce
Supreme Court
Neil McNeil
McNeil
Corporation
India Street
Hns
Shipley, Rutan & Coolidge
Norcross Bros
Davy Crockett
Richard Stone
Stone
Justice Allen
Justice Holmes
Committee On
Bronson
Post
Lamont G. Burnham
William O’blaney
Aiden Speare
H. B. Goodwin
John VP. Hilton
Freeman Jd. Doe
J. H. Cressey
Cressey, Noyes & Co
Blaney
Sam
Opening of Franklin Park carriage rides gains fast support
Franklin Park inaugurates a new carriage system offering hour long rides for 25 cents. A large three seated wagon served initial trips from the Columbia street entrance with Bacon & Tarbell operating the service. The five mile route visits East Circle Circuit road Valley Gates Overlook Wilderness Loop and Scarborough Hill with views of Dorchester Milton Hyde Park and the Blue Hills. Trips run hourly in the morning and every half hour from noon to sunset and a ticket system is planned to allow longer stays in distant park areas.
MENTIONED IN THIS ARTICLE
Franklin Park
Columbia Street
Bacon & Tarbell
Scarborough Hill
Dorchester
Milton
Hyde Park
Quincy
Blue Hills
Eastern creditors meet over M Nussbaum & Co liabilities in Macon
Creditors from Boston and the East hold a meeting at Parker House on debts totaling around 391000 with 32000 due to Eastern concerns. Lawyers suggest unsecured creditors take 40 cents on the dollar plus 10 percent cash and notes due in 1892. the firm offers 35 percent plus cash and notes, but no action is taken.
MENTIONED IN THIS ARTICLE
M. Nussbaum & Co
Macon
Parker House
Boston
South
Stephen A. Ryan
Atlanta
Colonel Hammond
Ryan
Daniel Updegratt
Williamsport
Penn
Charrles
Alden
Providence
R. L
G. McFarland
Oswego
N. Y
John B Emery
St. Paul
Baney
Boston Merchants Association opens season with long credit debate
The Boston Merchants Association board met at Young's Hotel after the vacation break. They discussed limiting long credits and dating ahead, assigning the committee to formalize a plan for October. Jonathan A. Lane was named a delegate to the Boston Executive Business Association.
MENTIONED IN THIS ARTICLE
Boston Merchants’ Association
Young’s Hotel
Jonathan A. Lane
Boston Executive Business Association
Torrey
Boston Garbage Disposal Debate Reaches City Committee
Health officials say Boston can handle current waste with its harbor dumping system and a new station ten miles beyond Boston Light. Proposals from Providence offer a plant at two cents per resident, risking loss of swill revenue and $40,000 yearly costs. Opinions vary on cremation versus dumping, with no action yet by the city. Superintendent Carter leads the discussion.
MENTIONED IN THIS ARTICLE
Health Department
Boston
Charlestown
Cambridge
Roxbury
Boston Light
Providence
K. I
New York
Paris
Philadelphia
Carter
Obituary of Colonel John P. Willard U S A
Colonel John P. Willard of the U S Army died at Sea Bright New Jersey in the 61st year. Born in New York on April 18 1831 he served in the Civil War from 1862 to 1865 earning multiple brevet promotions for gallantry at Lookout Mountain Chickamauga Missionary Ridge and Nashville. His final post was Los Angeles where he was stationed before death.
MENTIONED IN THIS ARTICLE
John P. Willard
U.S.A
Sea
Bright
N.J
New York
Thirty-first Wisconsin Infantry
Chattanooga
Atlanta
Nashville
Los Angeles
Noted Boston Merchant Osborn Dies at 71 in Richfield Springs
Joseph Augustus Osborn, born in New York, died Sunday at Richfield Springs at 72. He began in dry goods with Taylor Little Co, spent over two decades in Paris exporting and banking with John Monroe Co, retired 22 years ago. He leaves daughter Elizabeth.
MENTIONED IN THIS ARTICLE
Joseph Augustus Osborn
Richfield Springs
New York
Taylor, Little & Co
Paris
John Monroe & Co
William Osborn
Elizabeth Osborn
Timothy Lakeman
Lynn
Chase Street
Lakeman
Unitarian Church
National Congress
Richard Judkins
Franklin
N. H
Marriages and obituaries notice list from Sept 1
Marriages include Millar Smart Perreira Jeffrey Eberhard Berke Shafer Kenny with details of clergymen and residencies Boston Somerville Swampscott Bridgewater and South Boston. Obituaries note Lydia Farmer of Swampscott age 79 and Seth SeaEpDarD of Bridgewater age 74. Also Jane Orcutt widow of William Orcutt at South Boston aged 81. Funeral at Mt Auburn Chapel Sept 3.
MENTIONED IN THIS ARTICLE
Magnitzky
Christian Hard
Louise Berke
Boston
Shafer ~Kenny
St. Thomas's Church
Somerville
George W. Durell
Alfred J. Shaffer
Lizzie Kenny
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