Plan Agreed On For Currency Bill Compromise Measure
A tentative agreement outlines a plan for a currency bill compromise to be presented. Key figures and details remain unconfirmed as negotiators finalize the text and framework before release.
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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
May 27, 1908
Page
1
A tentative agreement outlines a plan for a currency bill compromise to be presented. Key figures and details remain unconfirmed as negotiators finalize the text and framework before release.
Senate and House conferees reached a tentative compromise on emergency currency. Key points include a 10 percent reserve in central and other cities, higher bond ratings, 40 percent circulation on commercial paper, a 10 percent redemption fund, and a $500 million cap with a three year life. Speaker Cannon's aides expect quick action in the House. Taft supports full public campaign funding.
The Barkalew Dubois families plan their annual reunion at Miami Valley Chase grounds on June 4. More than 800 members from the Miami Valley area are expected to attend. Hamilton residents also anticipate a large turnout.
Taft reiterates support for a publicity bill, endorsing the measure as a public benefit and urging swift legislative consideration.
Mr. Bryan in Lincoln says he is gratified by Secretary Taft's telegram and hopes its publication will turn scales in favor of the measure. He asks Senator Culberson and Representative Williams to obtain copies of telegrams and Taft's reply and notes Burrows letter may help action on the bill.
Closing arguments were heard in Elizabethtown New York on the charge of delinquency brought by a committee led by William F. King against William T. Jerome District Attorney of New York County. Commissioner Hand appointed by Governor Hughes presided and both sides submitted briefs along with oral arguments.
Baltimore May 26 The 1908 Methodist Episcopal Conference elected seven new bishops led by Rev Dr W E Anderson and Rev Dr J L Nielsen with votes ranging from 493 to 548. Consecration set for Sunday as the body plans further appointments and a Korea mission celebration.
In Cartago Costa Rica May 26 the Central American Court of Justice opened with regional and international representation. High Commissioner Buchanan announced a cable from Elihu Root authorized by Andrew Carnegie to donate 100000 dollars for a Temple of Peace for the court’s exclusive use underscoring Carnegie’s faith in Central American peace and progress.
The annulment suit of Mrs. Evelyn Thaw against Harry K. Thaw was withdrawn by her counsel with Judge Deyo sanctioning. Attorney Daniel O'Reilly said she sought possible financial recompense and had not reconciled with Thaw. he declined to name the relative who pressured the case. Franklin Bartlett denied Nesbit Thaw sought annulment due to family pressure.
In Poughkeepsie on May 26 Mrs. William Thaw visited her son in Sheriff Chanler’s courtroom suite. Thaw refused to speak to reporters and showed signs of distress upon reading a dispatch noting District Attorney Jerome’s reluctance to grant commitment to any asylum other than Matteawan.
Paris dispatch reports The Temps argues for substituting an Anglo French alliance for the entente if Britain reforms its army for continental action. It notes France would back Britain if a modern army emerges, asserting British naval power alone cannot move France. The Temps links pacific policy to military efficacy and warns political ties hinge on force.
Police and investigators plan a new excavation prompted by statements from Harold Chapman former Gunness employee. He described fence alterations and a supposed burial site Mrs Belle Gunness supervised. Lamphere defense lawyers reject venue change in the murder case. Additional letters from informants reach officials detailing possible Gunness connections and lookalikes.
Raleigh May 26 The News and Observer reports the prohibition majority in North Carolina is upward of 40 000 and may reach 50 000 The estimate comes from State Prohibition headquarters and the newspaper office providing the figures
Cleveland reports the Railway Men's Union says the street railway strike will continue despite claims of deser tions. 800 strikers out of 1700 attended a meeting to press for arbitration and a popular vote on franchise terms under the State initiative and referendum law.
In Chester Pennsylvania crowds attacked cars run by substitutes for striking workers. State police had left for barracks, sparking fear of more clashes. Mayor vows to bolster force and order extra officers to shoot to kill if needed.
Six unidentified people die as Trinity River floods Dallas causing $1,000,000 plus in property loss and 5,000 homeless. Water recedes slowly while rail and wire communication remains largely disrupted. A Colbert Oklahoma dispatch reports fourteen drowned on Red River refuge island and three children perished when a tree shelter was swept away south of Lawton.
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