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Newspaper
Bridgeport Evening Farmer
Location
Bridgeport, Connecticut, United States of America
Date
Dec 06, 1909
Page
7
Published at 27 Fairfield Avenue Bridgeport Conn The Farmer Publishing Co issued daily except Sunday
A 1909 Washington debate spills into concerns about Sugar Trust tariffs and congressional investigations. Insurgent Republicans, led by Murdock of Kansas, vow vigilance while Cannon threatens fierce resistance. Treasury and Morgan affairs, Equitable Life, and central bank plans are weighed against broader price and inflation worries.
Opinion notes that some firms issue dividends in stock rather than lowering prices to preserve earnings and fair profits. It criticizes this practice as harmful to stockholders and the public, arguing prices should reflect real costs and true capitalization. Ends with an unrelated 25 cent cold remedy promotion.
Robert D. Muir, treasurer of the People’s Bank and Trust, is under watch in New Haven as discussions continue over a $23,000 defalcation. Stockholders funded shortages, may pursue restitution, and the bank remains open under new management led by J. E. Hubinger. New officers to be chosen soon as the bank carries on with operations.
Thomas Means of Yale, son of Rev. Stuart D. Means, has passed preliminary tests for the Rhodes scholarship for 1910 and will appear before the committee of selection. Four others from Yale and Wesleyan join him, including Charles R. Bentley, Elmer D. Keith, John R. Larus Jr., and George M. Stockton. The committee will meet to choose a scholar before the fall term ends.
At a New Haven Medical Association meeting the group voted against admitting Dr. Allem Rose Diefendorf, lecturer at Yale, citing his support for press coverage of the Van Osten case treated by hypnosis at Grace hospital in Bay. Diefendorf says he faced organized doctor opposition and expects a successful vote at the next election.
The market favors a cautious approach as traders watch developments and avoid risky speculative counts. Business booms at Nothnngle's treaty removal sale with extra staff and shipping capacity, offering significant cash discounts and a free Christmas souvenir picture with purchases of a certain amount or more. Browse a large Bridgeport furniture collection including rugs, carpets, matting, linoleum, and lace curtains.
In New Haven discussions, James Murdock, fifth VP of the Brotherhood of Railway Trainmen, urged a 10 percent wage hike across fifty two eastern railroad companies. Labor groups plan coordinated action to standardize pay to Chicago yard levels, aiming for a settlement within sixty days with a national effort backing enginemen conductors and firemen. Local New Haven workers support the move to pressure cheaper roads into line, while firmen actions continue amid broader balloting on the New Haven system. A local testimonial for Foley kidney remedy is noted from Mrs. S Joyce of Claremont, N H, via Curtis Pharmacy.
New Haven reports that the Pennsylvania Railroad tunnel under the East River is complete and land rights near full, paving a joint effort to connect the New York, New Haven & Hartford system with Pennsylvan ia at Long Island City. Cost estimated at 16 million dollars or more, Hell Gate viaduct and bridge 17,300 feet long with a 1,000 foot clear span, 200 foot towers, four tracks, two passenger and two freight, and about 30,000 tons of structural steel.
West Haven borough faces a heated election with Republicans claiming a bridged split and a new ticket ready to win. The West Haven Young Men's Republican club challenging established figures shifts the slate, replacing James D. Merwin with John L. Sherman as warden and Clifford B. Smith with Miles J. Barnes as borough clerk. On the Democratic side Joseph W. Grannis, a builder, is named for warden with Frederic Russell as borough clerk.
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