18 Dec 1899
Page 1
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This newspaper page contains 19 articles. Subscribers can read the full text of each article.
Newspaper
El Paso Daily Herald
Location
El Paso, Texas, United States of America
Date
Dec 18, 1899
Page
1
A volatile session saw gains as traders weighed signs of economic recovery against inflation risks. Major indexes moved off session lows with gains led by tech and financials, while trading volumes stayed elevated and analysts warned of volatility ahead.
New York December 18 reports say the Produce Exchange Trust failure caused a semi panic on the New York stock market. Declines of 3 to 5 percent spread as brokers and bankers tried to steady prices with large loan activity and Morgan funded a million to the market.
The respondent declares that being forced to consult physicians and tender a resignation to the president is baseless and annoying. He asserts he has not seen a doctor in ten years and has no plan to resign from office.
Congressman-elect Roberts alleged administration appoints polygamists to federal posts triggering a Utah inquiry. Special officers discovered two state agricultural college officials with surplus wives, who will resign and retire under fire unable to clear the charges.
Boston December 18 The announced wage raise in cotton and woollen mills across New England went into effect today benefitting more than 300 000 workers. The 10 percent rise lifts weekly cotton mill wages by about 180 000 dollars and woollen mill pay by roughly 25 000 dollars. Some mills delay until January 1. The move follows a prior 10 percent raise last April and prompts talk of a sliding scale among print cloth mills.
Secretary of Agriculture Wilson denies a claim that he tendered resignation to the president due to ill health. He states the published illness report is false and that no resignation has been submitted. The statement was issued to set the record straight on his status.
Lansing Mich Dec 18 the Michigan legislature met in an extraordinary session called by Governor Pingree after the supreme court ruled the Atkinson railway taxation bill unconstitutional The session will consider amendments to the constitution to allow equal taxation of all property by assessing its cash value.
William Bell, believed mortally wounded in the head by Charles Aronson, woke during surgery and attacked Aronson as he was brought in for identification. Bell, initially unconscious, resisted until three men restrained him.
Grand Opera in New York begins at the Metropolitan Opera House tonight. The season is financially promising, but social excitement is dampened by mourning in several prominent fashionable families.
Manila dispatch reports General Otis sent to Washington letters found in rebel archives. The correspondence indicates Aguinaldo enjoyed active moral support from prominent anti expansionists in the United States.
The steamer State of Kansas of the Tennessee River Packet company burned at 1 AM while tied at the Half Moon wharf in New Madrid Missouri. The loss is estimated around $500,000 and occurred as a severe wind and rain storm moved through the area.
New York price report shows copper at 16.00, silver 0.594, lead at 4.45 as listed by the Daily Herald. Market observers note steady demand across metals with typical daily fluctuations for the period.
London reports general satisfaction with a new war plan to mobilize Field Marshal Lord Roberts and General Lord Kitchener in South Africa. Transports to Cape Colony will be chartered to rush reinforcements, aiming for a 200,000 strong force with 50,000 volunteers added, as a second campaign looms. Paris papers react with mixed sentiments to Buller's Natal defeat.
Court heard witnesses on Rio Grande conditions from El Paso to the Conchos. J. H. McMahon recalled for cross examination on river bed details. George Lynch described torrential arroyos and years of drought reducing cattle herds. Others testified the river runs dry seasonally and that irrigation plans at Elephant Butte would unlikely change flows to Laredo.
The currency bill cleared the House 190 yeas to 150 nays with wide party alignment. Democratic supporters listed include Clayton Dewey Driggs Fitzgerald Levy McAleer Ruppert Scudder Thayer Underhill Wilson. Speaker announced committee appointments as the bill moved to engraftment.
Vienna reports the heaviest snow since 1865 bringing widespread traffic stoppages across Austria and numerous fatalities as weather disrupts daily life and emergency services respond to affected regions.
Mrs General George FE Pickett and her son Major George E Pickett U S A arrive in El Paso as guests of Mr and Mrs H D Slater at Dr Brown’s residence. An informal reception is set for 6 to 7 pm inviting adherents of the old Confederacy and Virginians. Major Pickett’s illness in the Cubano campaign and recent Manila order are noted.
After three days of defense testimony, Prof. Carpenter and Engineer Reid wrap up the proceedings. The government plans rebuttal with Follett and Harroun, then argument and submission, while key conclusions say the Rio Grande is not navigable here and damming will not alter downstream flows.
The body of Jack Hardesty, murdered brake man, was embalmed by funeral director Convery and shipped to Louisville, Kentucky. Local women sent flowers from Fort Macintosh gardens to the undertaker, and officials continue to search for the assassin with several arrests made.
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