Profits Steel Trust Over One Billion in Nine Years
A report claims Profits Steel Trust earned over one billion in nine years, with business profits totaling 753,124,386. It accuses J P Morgan and Co of receiving seventy million for organizing the trust.
MENTIONED IN THIS ARTICLE
Steel Trust
J. P. Morgan & Co
Magnitude of Trust J P Morgan Steel Combination Profits
The steel trust profits show 70 million cash profits to J P Morgan & Co for organizing the combination. Nine year net profits reach 1.029 billion with dividends totaling 753 million. Estimates claim the trust controls 60 to 80 percent of U S steel properties, worth about 1.447 billion, with ore holdings around 2.5 billion tons of 4.462 trillion available.
MENTIONED IN THIS ARTICLE
J. P. Morgan & Co
Trust
Gary and
Frick
Uncle Sam
Steel Trust
United States
Steel trust report claims restraint of trade and huge profits
The McRae inquiry finds United States Steel operates to restrain competition through price manipulation the Gary Dinners and interlocking directors. It says Morgan profits total about 69.3 million cash with nine year net earnings around 1.03 billion dollars and that steel holdings reach about 80 percent of the industry. The report notes anti competitive behavior and impact on free trade and prices.
MENTIONED IN THIS ARTICLE
Washington
House Steel Trust Investigation Committee
United States Steel Corporation
Farquhar J. McRae
McRae
Steel Corporation
Steel Trust
J. P. Morgan & Co
Steel Combine
J. P. Morgan
Sn Ihe
Ten Conspirators In Gang Behind $25 000 Taxi Robbery
New York prompt on February 28 reports Howard King helped clear up the $25,000 daylight taxi robbery case. Two more prisoners were captured in Memphis Tenn and the city, with further loot recovered. The gang of ten included a trusted chauffeur Gene Montani who originated the bold plan. Four locals remain held on $15,000 bail each for Thursday’s hearing.
MENTIONED IN THIS ARTICLE
New York
Howard Kingman
Memphis
Tenn
Com
Dougherty
Ecogeserion
Gene Montani
East River Bank
Trinity Place
Produce Exchange National Bank
Lebrasky to face Mexican court for suspected spy case
George Lebrasky an American is to be tried by a Mexican military court in Tijuana for spying and sedition. If convicted he faces the death penalty. He was arrested with tourists and says he can prove innocence with a proper hearing. Meanwhile Mexican ambassador Martinez urged halting arms shipments to Mexico triggering a Treasury Justice inquiry. The Chihuahua region remains unsettled as rebels continue to loot.
MENTIONED IN THIS ARTICLE
San Diego
Calif
George Lebrasky
Tijuana
Lower California
Lebrasky
Washington
Senor Martinez
United States Customs
Mexico
Wilson
Treasury
Department of Justice
United States
Chihuahua
Senator Describes Horrific Lawrence Textile Conditions
Washington reports a U.S. Senator condemns Lawrence Massachusetts textile mills for squalid labor and starvation wages. He cites fifty four people in one tenement earning an average six dollars and sixty seven cents weekly, protests militia interference, and urges tariff reduction and habeas corpus action to free strike prisoners and protect travel rights. A federal inquiry into wages and conditions is planned with a representative departing today.
MENTIONED IN THIS ARTICLE
Lawrence
Milla
United States
Federal Bureau of Labor
Masa
Bureau
Washington
Oil New City
Loan to Pay Chinese Troops Hints at Stable Nanking
Nanking and Peking governments agree to an international loan arrangement with bankers from the United States, Britain, France, and Germany to fund troops in Nanking and Peking. Officials warn that failure to pay could trigger rising anarchy and unrest.
MENTIONED IN THIS ARTICLE
Peking
Nanking
Thase International
United States
Great Britain
France
Germany
Fort Oglethorpe Made Cavalry Post
Washington February 28 A bill to convert Fort Oglethorpe California into a brigade cavalry post passed the House by a 17 to 0 vote The change forms part of a War Department plan to concentrate troops in fewer garrisons Representative Helter of Kentucky argued the United States has no army at present and criticized the geographical division system aboard
MENTIONED IN THIS ARTICLE
Washington, D. C
Fort Oglethorpe
War Department
Helter
Kentucky
United States
Mexican President Madero defies resignation claim
El Paso reports Madero states he has no intention of resigning the Mexican presidency. Border dispatches from Marta and Presidio note Braulio Hernandez quit as Chihuahua secretary of state to join rebel activities against Ojiniga, with details from the border.
MENTIONED IN THIS ARTICLE
el Paso
Texas
Mexico
Madero
Times
Marta
Braulio Hernandez
Chihuahua
Ojiniga
Presidio
Darrow Case Postponed to Saturday in Court
Los Angeles February 28. By agreement of counsel the case of Clarence Darrow the Chicago attorney indicted for jury bribery will remain at a standstill until Saturday. The agreement was announced in open court today and the continuance ordered.
MENTIONED IN THIS ARTICLE
Los Angeles
Calif
Clarence Darrow
Chicago
Wlandard
Guernsey Men Accused of Burglary
Deputy Sheriff Chas Wright arrested Clyde Connor and Robert Chapman in Guernsey for breaking into a lodging house and stealing a watch and $20. They were bound over to the district court after a preliminary hearing and sent to Cheyenne.
MENTIONED IN THIS ARTICLE
Chas, Wright
Colorado & Southern
Guernsey
Clyde Connor
Robert Chapman
Wright
Justice of Peace
Cheyenne
Rates Fixed Arbitrarily by Express Firms
Washington February 25. Joseph Zimmerman general traffic manager of Adams Express testified at the Interstate Commerce Commission inquiry into express rates. He said rates are fixed arbitrarily with little reference to first class rail freight rates.
MENTIONED IN THIS ARTICLE
Washington, D. C
Joseph Zimmerman
Adams Express Company
Interstate Commerce Commission
Wiley May Resign as Chief Chemist
Washington February 28 Dr Harvey W Wiley known as a pure food champion says he is seriously considering resigning as chief of chemistry of the bureau He notes he cannot secure harmony while he believes there are congress elements in the department and has not yet decided on resigning.
MENTIONED IN THIS ARTICLE
Washington, D. C
Harvey W. Wiley
Pure Food Champion
Bureau
Wiley
Train wreck injures crew as No. 7 derails near Milstead
Three trainmen were injured and a score of passengers shaken when Southern passenger No. 7 from New York to New Orleans derailed north of Montgomery near Milstead. The engine tumbled down an embankment tearing telegraph and telephone lines, cutting communications.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
Southern
New York
New Orleans
Milsted
Here
Taft Plans Vigorous Campaign Across Key States
Taft will launch a vigorous speech making drive for the Republican convention in June. He will travel to Chicago New Hampshire and Georgia and deliver numerous speeches while recalling judges and judicial decisions and possibly the initiative and referendum. New York leaders expect a solid delegation and McKinley arranged Taft talks in Chicago.
MENTIONED IN THIS ARTICLE
Washington
Taft
Chicago
New Hampshire
Georgia
Roosevelt
Columbus
New York
Barnes
New York State Republican Commission
Sherman
McKinley
Tafta
Denver Republicans push presidential primaries in city
In Denver Ward Twelfth Republicans met at 27 Broadway and urged presidential preference primaries in every precinct. They called a mass meeting at Sullivan's hall Saturday at 7 30 PM and urged the state committee to arrange a scheme allowing voters to choose Roosevelt or Taft, signaling a move against party machine influence.
MENTIONED IN THIS ARTICLE
Denver
Colo
Twelfth Ward
Broadway
Arote
Mcdonald
State Committee
Marshall B. Smith
A. A. Johnson
J. C. Starkweather
Colorado
Roosevelt
Taft
Sullivan's Hall
Ruth and
Fle
Masof R Ty Lhaver
Yellowstone Land Co Officials Arrested Over Lands
Chicago February 28 two year government probe ends with the arrest of H A Mason secretary treasurer and A Hanley director of Yellowstone Land Co indictments accuse them of using the mails to defraud in land sales in Madison County Montana. Trafficked land brought fifteen thousand dollars though sellers never held title to the property.
MENTIONED IN THIS ARTICLE
Chicago
Yellowstone Land Company
H. A. Mason
A. Hanley
Madison County
Montana
Wellers
Also Mentioned on This Page
Ees Trust
Gary
H. C. Frick
Stees
Bandit
Lebraska
City
Juarez
Mexico City
Serge
Torreon
Darrow
Wilexyy
William Barnes Jr
Republican State Committee
Ging
White House
Yellowstone Land CO