23 Nov 1907
Page 1
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Newspaper
Chicago Eagle
Location
Chicago, Illinois, United States of America
Date
Nov 23, 1907
Page
1
Readers confront a Milk Trust price hike amid winter hardship. State's Attorney Healy pursues a milk price conspiracy probe in Chicago and Lansing. Other notes cover Bryan club efforts, city poorhouse plans, post office expansion, and local political shifts.
State bank statements show Chicago banks with over 100 million in cash on hand and strong deposits loans and discounts as of Aug 20 and Nov 10. Officials say the figures prove stability and confidence for local banking amid nationwide panics with major banks including Hibernian Port Dearborn National and Continental National cited.
Armour has sunk about 7 million dollars into the Chicago underground tunnel system, a project now seen as a money burial site for many investors. Yet he plans a vast new venture in weeks, seeking a franchise to provide steam heat and power, aiming to recoup losses and profit for Armour through an expanded utility.
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