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Newspaper
Cranbury Press
Location
Cranbury, New Jersey, United States of America
Date
Dec 29, 1916
Page
2
Inter State Commerce Commission data show railroads earning over 1.09 billion dollars in net income from operations for the year, with nine months yielding 785.56 million and a 67 percent rise from January to September. Officials deem the forecast conservative and expect further gains in the last quarter.
Washington reports Howard L. Elton of Waterbury Connecticut was executed by firing squad in Oaxaca Mexico for treason to the Carranza de facto government. Dispatches confirm earlier rumors as Elton had been under arrest since August amid Diaz revolutions. State Department protests sought a stay but Mexican authorities pressed for a swift trial and carried out the sentence.
Washington reports two years of Federal Reserve operation decentralized U S banking power. The 100 largest national banks shifted from being concentrated in New York to 33 cities across 22 states. Their resources exceed 20 million each, with total power rising about 550 million dollars or nearly nine percent between September 12 and November 17, 1916.
The British government extended wheat use restrictions to prohibit beer and liquor manufacture from wheat. The order followed barley scarcity and high prices, prompting heavy wheat purchases by brewers. The American Embassy in London advised the U.S. State Department of the measure.
Armour Leather Company of Chicago acquired Gleason and Sons tannery operations in Williamsport Pennsylvania for about 3 million dollars. Final price awaits inventory of leather and hides on hand. Concurrently Armour bought the William Irvin Company properties.
Germany and Austria Hungary Bulgaria and Turkey replied to President Wilson proposing a conference of belligerents at a neutral site The reply deems immediate war prevention impossible until the present struggle ends It says the United States should seek an immediate meeting while offering to cooperate later with the task.
Cardinal Gibbons expresses optimism after President Wilson's note on war talks. He says the President's action was opportune and increases hope for peace, suggesting it was based on knowledge justifying it and unlikely without such knowledge.
Washington reports the Federal Reserve Board designates the Bank of England as foreign correspondent for the Federal Reserve Bank of New York to facilitate international monetary liaison. In Paris Mme. de Thebes Anna Victorine Savigny dies at 72 after a long career in astrology. New York notes indicate possible shifts away from Monroe Doctrine in Wilson peace note context.
London reports continued advances by German forces across Romania with 5,500 more prisoners taken and Filipechti captured after fierce fighting. German raids on British trenches near Arras. Russian submarines claim losses in the Black Sea. In the Somme sector French pilots down several German planes as Berlin notes air combats.
Secretary Daniels decides to construct a slip at Philadelphia Navy Yard to build one of four battle cruisers. Private bids were received on a percentage basis, and without a government build the total project costs could not be determined.
London reports a quiet Christmas on British and French fronts with mainly artillery action. Romania sees heavy fighting as German pressure advances. Russians lose ground near the Buzeu Rimnik road and claim gains against Austro Germans in the Carpathians. British mounted troops take a strong post at Moghdaba near El Arish with reports of prisoners and armament.
London reports limited fighting on most fronts as Central Powers push Russians and Rumanians near Bessarabia in the southern theater while Berlin notes gains in the Dobrudja and French, Russian, and Austro German forces clash along the Somme and Meuse. The Russian defense in Bessarabia and along key rail lines remains pivotal as preparations for a decisive southern battle continue.
In Mesopotamia British forces push toward Kut el Amara and extend positions along the Tigris. Gassab Fort southeast of Kut is destroyed, while the victory at Maghdaba near the Suez Canal yields large captures of war stores. Scand navies and Holland near joining US peace conference efforts. White House shows optimism while talks progress. On Julian front mist hides patrols reaching Italian positions at Point No 86.
The New Jersey state briefs note community charity including $1 036 to the Children s Home Society and Christmas dinners for 43 families in Bridgeton plus a large candy gift distribution for 1000 children by the Wildwood Civic Club. A Bloomfield Santa faced a blocked chimney and needed help to exit while the Erskine Hotel at Lake Hopatcong burned. owner Edward Sitgraves and friends saved furniture. A bond issue of 134000 was approved for Ocean City Sea Isle City bridge work. Camden homeowners face snow clearance fines. Other items report posthumous honors, indictments, back taxes paid by the Lehigh Valley Railroad, school moves, postal worker dies, and new license surges in Ocean City.
The South Jersey Commuters' Association sues the Interstate Commerce Commission to force 90 trip and 50 trip tickets from Philadelphia to New Jersey as Pennsylvania fares rise. It plans nationwide outreach to oppose state power limits and push utilities reforms to expand the Public Utility Commission. Governors and legislators face lobbying ahead of the next Trenton session.
In Burlington the church community petitions the new Excise Commission to curb the surplus of more than 20 saloons and bottling houses for a city of 10 000. They urge licensing only to hotels with 20 rooms or more and advocate raising license fees to 1500.
Governor-elect Walter K. Edge will reside at 175 West State Street in Trenton for four months of each year of his term, moving to Atlantic City and Sea Girt for other periods. The Oliphant house sits near the Roebling residence and is described as one of the city’s finest. Banking figures released show New Jersey financial institutions adding $183 million in resources, with deposits around $15.3 million and a $599 thousand surplus in a 10 week period.
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