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Newspaper
Covington Republican
Location
Covington, Indiana, United States of America
Date
Mar 29, 1907
Page
14
Alfred C Clark warns rural towns that sending money to city catalogue houses depresses local merchants and property values. He argues farmers and towns must patronize nearby shops to preserve markets, roads, schools, and churches, or risk losing community vitality and becoming a monopoly.
Alfred Mosely, an English admirer of American ways, funds commissions to study the United States. Gardner F Williams, an American mining engineer who controls the diamond output, returns from South Africa to the United States. Williams, a Michigan native who built a career in California and South Africa, is celebrated in South Africa and now settles back home. The piece contrasts home banking safety with mail order reliance, urging Keep Your Money at Home.
The piece surveys key railroad figures facing scrutiny amid debates over government supervision of railroads. It highlights Edward Harriman, Thomas F. Ryan, H. H. Vreeland, Marvin Hughitt, and Isaac Newton Seligman, detailing careers, roles, and notable anecdotes from their public prominence and the era’s regulatory questions.
A prominent Indiana group led by Hugh J. McGowan has bought Terre Haute city lines and several interurban routes from Stone Webster. The deal creates the Terre Haute Indianapolis & Eastern Traction company with a 25 million dollar capitalization. The expansion aims to connect Indianapolis to Brazil and St. Louis, forming one of the nation’s largest traction systems under McGowan.
Washington reports President Roosevelt has received telegrams from commercial and waterway groups in the West praising the inland waterways commission. The messages say the commission is the greatest step among his measures for commerce and could end the country's transportation troubles with a real solution.
Indianapolis wheat at 75 to 76 cents per bushel with various feed and livestock prices listed. Cincinnati and Chicago show mixed grain values and cattle hogs and lambs priced across ranges. New York and East Buffalo follow with cattle hogs and lambs in modest spreads. Toledo grain futures listed for May July and cash.
James Bryce becomes the new British ambassador to the United States, after serving as Chief Secretary for Ireland. He declines a peerage, is the first plain citizen in Washington, and brings a salary of 50 thousand dollars a year.
Theodore Burton, chairman of the house committee on rivers and harbors, rejected a member’s seagoing dredge idea for the Ohio river noting the river averages only about four feet and would hinder navigation.
David A. De Armond of Missouri is courted as a potential successor to John Sharp Williams as minority leader in the Sixtieth Congress though not an avowed candidate. At sixty three he is finishing his eighth House term and is known for clarity, legal skill, modesty, and broad esteem among leaders, though Williams supporters doubt his magnetism.
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