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Newspaper
Bryan Morning Eagle
Location
Bryan, Texas, United States of America
Date
Oct 22, 1907
Page
1
Fifteen bank presidents met at the clearing house in New York to eliminate three interests and pledge a $10,000,000 fund to assist banks and protect deposits amid a shifting financial scene. Deposits in the represented banks totaled about $1.25 billion as measures were announced and officers elected.
New York stocks opened higher Monday as investors grew more confident in the financial outlook. Union Pacific rose to 115, St Paul to 111 1/2, and Amalgamated Copper gained 1/2 to 45 1/2. The Mercantile National Bank owed the clearing house 1.9 million dollars, while the National Bank of North America owed 850 thousand on balance.
A thief in New York steals 800 from Gustus T. Ruland’s home and passes by Grace Ruland’s $18 savings and jewelry. He leaves a note saying he has a child of his own and hates the occupation. In Nashville two brothers confront a armed burglar. E J Schott and Charles Schott both are injured, with E J Schott and the intruder dead after a Winchester rifle exchange.
General Booth of the Salvation Army is ill in Chicago with a cold that may develop into pneumonia. A consultation of physicians was held and Dr Williams said he hopes Booth can resume his trip in about a week. Precautions are taken due to his advanced age. he stayed in bed at G A Kilbrey’s Chicago branch home.
Sylvester J. Small, former president of the Commercial Telegraphers' union, faced hissed and jeered remarks from about 600 Chicago local members as he spoke Sunday afternoon to justify his move to end the strike. Nearly a third of the audience walked out during the proceedings.
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