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Newspaper
Elgin Echo
Location
Elgin, Iowa, United States of America
Date
Dec 26, 1912
Page
1
A survey shows 180 bankers control 184 firms with 25.3 billion capital across key industries. Reports cover Archbold letters, Hearst funds, and Taft Wilson cabinet changes while court rulings curb coal contracts and rail practices. Other notes note pardons, crimes, floods of luxuries, and museum Hamilton charts.
Sporting champion Packey McFarland defeats Eddie Murphy in ten rounds at Kenosha Wisconsin. The Chicago fighter endures a tough contest, noting it as a rare hard battle after months without such fights.
The Bay of Biscay, battered in a gale off Cape Horn, was forced to Port Stanley Islands and is expected to be delayed about a month. Whitelaw Reid, U.S. ambassador to Great Britain since 1905, died at Dorchester House in London at seventy six. Prince Taro Katsura to form Japan cabinet after imperial rescript. Announcement of Geoffrey W. Whitney's engagement to Alice Cornelia Thaw, sister of Harry K. Thaw.
A laborer disappeared weeks ago and a human hand protrudes from a cement pillar of a government dam over the Mississippi. The body is embedded and blasting would destroy the body and large dam block, making recovery unlikely. Nearby reports note multiple local items from corn shows to smallpox fears.
Washington December 21 J Pierpont Morgan told the House money trust committee there could be no money trust. He said all banks and money cannot be controlled. control is personal to money and credits. He favored combination over competition though not total monopoly, and testified about his firm’s role with United States Steel and other big companies, plus deposits around 100 million.
President Taft departed Washington on a five car train at 10 30 pm for his fifth and final Panama voyage after a long workday. The party will sail from Key West aboard the battleships Arkansas and Montana with Louise Taft and relatives joining, plus Major Rhoades, Lieutenant Timmona, and Charlie Taft. Jealousy Blamed For Joliet Telephone Strike Involving All Local Operators.
Washington reports the House adjourned for the Christmas recess to January 2 without recalling President Taft's message, which was also sent to the Senate still in session. In Michigan, equal suffrage was defeated by 760, with 247,376 for and 248,185 against.
Comptroller Murray at the currency in Washington allows national banks to invest in all classes of bonds including first mortgage real estate bonds. The ruling ends prior restrictions on western securities, expanding access to safe bonds bearing 6.4 to 6 percent interest and boosting western building finance and regional prosperity. 8 W Straus calls it a pivotal development for the Mississippi valley and wider market.
A brief jokey exchange about shooting an arrow and losing an eye, with a character Barble continuing to shoot. The other speaker laments losing sight but asks if writing remains possible with one eye. The vignette pivots on a humorous worry about vision and craft.
A hotel guest recounts odd experiences during waiter strikes in New York and Boston. In New York the cookish waiter taunted him with a crude demand after a boiled eggs order. In Boston a burly breakfast waiter refused, declaring he was not a waiter but a strike breaker in the truckmen’s dispute.
A captain of the One Hundred Twenty-eighth Infantry ordered his men to eat oatmeal porridge for a month and toasted it for taste. After maneuvers none of his company sickened, while others reported up to a dozen sicknesses. The men concluded oats are not so bad after all.
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