Financial Panic Deepens as United Copper Collapse Roils Markets
The recent plunge of United Copper from 50 to 22 and then to 4 triggers wide market fear. Heinze and Co. failure forces resignations at New York banks. Knickerbocker Trust collapses, Mayer & Co. fails, and Trust Company of America seeks aid. New York stock exchange suspends, Westinghouse units withdraw amid liquidity strain. Cortelyou mobilizes funds. J Pierpont Morgan takes charge to restore order.
MENTIONED IN THIS ARTICLE
United Copper
Wall Street
Ovo Heinz» & Co
Ota Heiner & Co
F. Aug. He
Knickerbocker
New York
Mayer & Co
Trust Company of America
Deporite
Pitteborg Stock Exchange
Famous mining suit ends in Supreme Court ruling
Washington October 1 The Supreme Court decided in favor of the United States Mining Company in the case of Lawson and others v United States Mining. The dispute centered on mineral vein rights in West Mountain district near Bingham Utah and could affect lead ore valued at millions. Colonel E A Wall led the opposing side and may be deemed the losing party though the decision may shape apex and extralateral rights for years to come.
MENTIONED IN THIS ARTICLE
Supreme Court of the Land Funds
United States Mining Company
Washington, D. C
Supreme Court of the United States
Touy
Leovilas M. Lawson
Jordan Frtension
Northern Light
West Mountain District
Bingham
Utah
Salt Lake Tribune
Microg
United States Company
Kempton and
Ashton Lodes
E. A. Wall
Colonel Wall
Wall
Nevada Mining Outlook Amid Wall Street Slump
A. B. Liervoert argues Nevada’s economy shows strength despite stoc k market crashes and critical editorials. He details steady mining work, full employment, ongoing railroad construction with Western Pacific, and rising investment interest across Eureka and Lander counties signaling durable prosperity and future development.
MENTIONED IN THIS ARTICLE
Wall Street
Nevada
Collier's
Eureka
Lander
Western Pacific Railroad
Beigg
Copper Wars Drag Standard Oil Into Heinze Feud
A New York sourced report allege Standard Oil Amalagamated colluded to depress copper prices to ruin F Augustus Heinze. Heinze allegedly diverted funds from his mines through a Wall Street bank, drawing Amalgamated into a bitter financial clash. The claim of Heinze’s $5,000,000 Bude bank failure is denied. officials say it will reopen in a week as the mining scramble continues.
MENTIONED IN THIS ARTICLE
New York
Standard Oil Amalgamated Combine
F. Augustus Heinze
Heinze
Rogers
Wall Street
Butte
Amalgamated
Otto Heinze & Co
United Copper
Lawson
Standard Oil
Bingham
Utah
Yerrington
Ely
Nevada
Bude
BR. A. Carnachan
Montana
Goldfield Chronicle
Schwab Addresses Nevada Mining Question in San Francisco
Charles M. Schwab, owner of Union Iron Works, spoke at the Filmore Hotel on Oct 16 urging a strong navy and criticizing Nevada mining matters. He denied wheat speculation claims, defended Eastern investors in Nevada, and said misunderstandings followed reports in the San Francisco Examiner.
MENTIONED IN THIS ARTICLE
Charles M. Schwab
Union Iron Works
San Francisco
United States
Filmore
Nevada
Schwab
San Francisco Examiner of Opt
Telefrom
Chicago
Atec
Isamae
San
Mi A
Partial victory over railways in Nevada case
In Carson City Nevada on October 23 by stipulation Attorney General Stoddard and Nevada Railroad Commission counsel along with railroad attorneys agreed the case challenging the state railroad rate law was submitted to Judge Farrington at 8 p m The restraining order against the Commission was lifted except for the clause concerning railroad freight rates The commission may proceed in all other aspects The docket notes that Eureka and Palisade Railway Superintendent Abbott testified he earned 5708 40 last year and that Syphya maximum rates would have caused a deficit of about 2600 The cross examination revealed no six percent depreciation for deterioration and no distinction made between intra and interstate commerce The case returns November 1 for further argument by the railroad firms
MENTIONED IN THIS ARTICLE
Carson City
Nevada
Oot
Stoddard
Bartine
Nevada Railroad Commission
Farrington
Ferrington
Commission
Railroad Commission
G. D. Abbott
Eureka & Palisade
Abbott
Palisade
Eureka
Corminis
Mont
Banks suspend operations amid Nevada turmoil
Nevada banks including State Bank & Trust Company and Nye & Crawford County Bank closed temporarily after runs and market strains. State Bank officials cite labor unrest and deposit losses while reassuring depositors, and others defend solvency as cash reserves are arranged for prompt payouts. Also reports of Nate Roff’s buggy accident, a railroad tempo, and local mining updates amid the financial stir.
MENTIONED IN THIS ARTICLE
Nye & Crawby County Bank
Irank Gulden
Carson
Reno
Goldfield
Tonopah
Manhattan
Meign
State Bank & Trust Company
San Francisco
Golden
Tan Gazette
Cardon
State Banks& Trust Company
Tament
State Bank
Transfer of 2000 black bass to Humbolde river area
A consignment of 2000 black bass from the Russian River California has arrived to be planted in the Humbolde river the Carson river with Fish Lake in Em eralda County. Another consignment is expected soon to be planted in the Trackes river and Washoe lake. The Nevada Fish Commission will send some Washoe perch to California in exchange.
MENTIONED IN THIS ARTICLE
Nevada
Carson
Russian River
California
Humbolde River
Carson River
Fish Lake
Eemeralda
Trackes River
Washoe Lake
Nevada Fish Commission
Unclaimed Letters List at Eureka Post Office
A notice from Eureka Nevada lists unclaimed letters with names such as Charles Harvey Matos and Theresa Restanan amid an Advertised section. The document also notes a change in pensioner totals, highlighting a 14,600 decrease in pensioners from the previous fiscal year.
MENTIONED IN THIS ARTICLE
Eureka
Nevada
Chetobey Toot
Sary
Plenan
Det
Warner
Pansion Bureau
Also Mentioned on This Page
By A. B. Liervoert
Novaia
Io New Y York
Pranclvco
Jaasenane
Tonopah Bonanza
Stocring
Mitosh Club
Charlie
Associated Press
Shoshone Consolidated
Ole
Bo Quar
Schwab Nuny
Mr. Schwab
Railways
Nevada State News
State Bank & Trust Co
Nye & Ormaby
Dur
Sullivan
Sincw
Cros
Nye & Ormsby
Suapenaton
Nate Rot
Nate Roff
Reno Sanday
Roff
B. L. Smith
Pope- Toledo
Roberts Creek
Hardesty
Elko County
Racine
Wisconsin
Nevada Commercial Teague
Berkele
Cal
Nevada University
Californians
W. McClure Gotwaldt
Godfield
Jack Williams
Test Sheep
Pine Grove
Esmeralda County
the Union Bakery
First Clans
Uhy Hill
Prospect
Camillo Gallo
Old Bureau Hotel
THE
Duckwater Store
Jesse Mendes
Duckwater
Nye County
Heald’s
Business College
Reno, Nevada
Business
Heald's Business Collect
Nebraska
Ruby Hill Mercantile CO
Scheeline Banking & Trust Co
M. Scheeling
Peesien
McCallousn
Edw. Sehmitt
Milo Grekian
Ite Millan
Asst
Cator Richard Ryland
Daniel Meyer
Transact
Eureka Cash
Express
Tinward
HTC
J. B. Biaue
Kureks
Giant Powder Co
R. H. Loceh & CO. Assayers & Chemists
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