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Newspaper
Ferdinand News
Location
Ferdinand, Indiana, United States of America
Date
Jun 27, 1913
Page
3
Tariff changes sit atop the week’s notes with price impacts on iron steel and textiles. White House reports set to sign civil appropriation with anti union and farmer fund protections. Lobby and sugar industry probes surface as others discuss tariff currency issues and a contested court contempt appeal.
Washington June 20 The Owen Glass McAdoo bill for banking reform creates a federal reserve system with a nine member Federal Reserve Board and district banks. It outlines districting, stock requirements, reserve ratios, branch limits, and government deposit rules.
A Russian officer was bayoneted by an Austrian sentry after wagering to cross the frontier bridge at Podwoloczyska Galicia to seize the sentry and bring him into Russian territory. The daring bet led to a fatal confrontation on the night in question.
A confrontation on a bridge led to a struggle as an attacker tried to seize a rifle from an Austrian soldier. The soldier wrested free the weapon and stabbed the assailant several times, ending the attack.
A conversation notes uncertainty over improving a yard with ashes and tin cans. The speaker rejects decorative value and questions feasible design approaches, while Ashes is referenced as a potential designer or adviser.
President Wilson makes a second joint appearance before Congress urging prompt legislation to overhaul the nation’s currency and banking laws. He calls for elastic currency, public control of banking, and rapid action to free business from tariff constraints.
Cleveland triumphs in a fare dispute as the traction arbiters uphold the city in all points except the immediate write off of 800000 for scrapping old power equipment. The decision means no fare increase and preserves current rates.
Washington reports a revolt brewing in the house banking committee against Chairman Glass over the currency bill. Members accuse the bill of secrecy and deny committee members a voice in its framing. Glass, backed by President Wilson, has moved to a closed committee plan despite opposition from most members, with Bulkley and Kerkley as his only confidants.
Columbus reports Dr A E Suber, superintendent of the Dayton State hospital, cleared by the state board of administration after former assistant superintendent Dr J B Koch accused him of incompetency immorality and cruelty in a Metropolitan period.
Washington labor chiefs Samuel Grompers, John Mitchell and Frank Morrison win a Supreme Court appeal on contempt convictions in the Buck Stove and Runge Co. case. The high court will hear the matter after October.
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