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Newspaper
Fort Wayne Weekly Sentinel
Location
Fort Wayne, Indiana, United States of America
Date
Jan 02, 1907
Page
12
The Sentinel wishes its readers a Happy New Year with hopes of health prosperity and fulfillment of good purposes and ambitions. It reflects on the year past as generally good and pledges to continue offering sincere greetings and support throughout the year.
The past year brought sweeping reforms through federal and state action. New laws on railway rate regulation, meat inspection, and pure foods promise correction of major corrupt practices in business life and will be refined through operation and experience. Graft exposures in insurance commerce and government persisted, signaling radical, effective reform and a broad awakening among the public.
Washington officials and prominent lawmakers warn a second U S military intervention in Cuba is likely to be needed soon to settle the island's unrest. The moderate Cuban party is blamed for delaying elections and provoking disorder, prompting Brigadier General Beale to deploy two troops through Santa Clara province as lawlessness rises.
The march is admitted as a necessary maneuvre to demonstrate resolve in maintaining peace and order, providing moral support to authorities.
The year closed saw unprecedented prosperity across industry and business. The new year opens with promise of continued prosperity, yet cautions against riotous excess as lean years may come. Despite potential deprivations, auspicious harvests and vast resources foretell enduring growth for this nation.
The new national pure food law took effect January 1 and the Pure Food Commission says blended spirits do not count as whisky. Most blended whiskies must be relabeled or renamed and millions of dollars are at stake while a political fight for a looser interpretation grows.
Henry Laurens Call told Columbia University gathering that 1 percent owns 99 percent of U S wealth, tracing rise from fifty millionaires fifty years ago to today’s concentration. He warned industrial society divides into fabulously rich and impoverished, noting low wages for workers and modest pay across professions.
Speaking on social and economic reform, Call argues for a capped private wealth limit and for turning corporations into cooperatives. He proposes a maximum on honest acquisitions, with excess holdings reverting to the public to curb watermarked profits and prevent further spoilation by concentrated wealth.
Treasury officials express amazement as six month surplus from customs receipts nears 25 million dollars. Revenue so far this year runs approximately 159 million, with internal revenue also up, while total government receipts exceed last year by about 30 million. December outlook remains favorable and Congress contemplates tariff and revenue law revisions. Foraker pushes to compel witnesses, but President insists sworn testimony.
The current congress faces a sharp clash as Senator Foraker accuses the president over Brownsville rioters. The president plans to bolster defenses before the next session, aiming to blunt congressional scrutiny. Purdy’s southwest mission may sway the push for a probe, while Foraker insists the evidence against the accused rioters was unsworn and insufficient.
The article discusses possible retirement of Senator Platt and a potential succession by Secretary of State Root. It notes Platt’s age seventy four and long political career, while outlining how resignation timing could affect New York’s Senate appointment and party maneuvering. Root’s ambivalence toward leaving the state department is weighed against the allure of the Senate and its broader power.
The text notes a conspicuous state figure could become a leading senator, aligning with the administration's policies. It mentions Oscar Straus and a possible cabinet move that might pave the way for Mr Root to succeed Senator Piatt, depending on persuasion.
Washington editorial recounts the clash over Attorney General Moody's appointment to the Supreme Court bench and his debarment from cases involving anti trust actions he pursued as AG. It notes the eight justices remaining to hear those cases and reflects on implications for Roosevelt era policy. It also memorializes Alexander Cassatt and Fort Wayne figures, and comments on China famine relief calls.
Gregory & Son offer Honest Seeds with three warranties and tested vitality. The firm markets many new vegetable varieties and distributes Eldorado Potato tubers. They publish a 1907 catalogue and invite orders to Marblehead Massachusetts. The Bly case against Bhiffton city ended with a verdict for the city on a $5,000 damages claim over a broken sidewalk.
Chicago wheat opens weak with bear selling as world shipments loom large. May falls to 76 3 4 cents, then recovers slightly while December gains over 1 cent. Corn stays quiet but firm on unsettled belt conditions, May around 43 1 4 to 44 1 4 cents, oats steady near 33 4, and provisions slip before rallying. Toledo grain prices show cash wheat at 75 3 4 cents and corn at 43 4 cents.
Chicago and Cincinnati market notes report higher cattle prices for top cuts while common grades steady. hogs show a weak trend with mixed and butcher weights trading around 6.25 to 6.45. calves and feeders command 6.00 to 8.50. sheep and lambs range from 3.75 to 7.75. Cincinnati hog prices begin reporting with similar December 31 activity.
Pittsburg Pa December 31 cattle market steady with light receipts. Hogs receipts include sixty double decks with prices around 6.75 for various hogs. Sheep and spring lambs show varied quotes from 5.50 to 8.00 with totals around 14.50 to 65.85 for the day.
East Buffalo market closes dec 31 with cattle receipts 4099 head and higher by 14 25 cents. Export steers 5.75 to 6.00, shipping 5.23 to 5.65, butcher 4.00 to 5.25, heifers 3.25 to 4.40, cows 8.0 to 4.5. Hogs receipts 12000 head with pigs 6.80 to 6.85, others 6.65 to 6.70. Sheep and lambs receipts 10006 head top lambs 7.90 to 8.00, yearlings 6.25 to 6.50, sheep 5.59 to 5.75.
Chicago and New York markets report steady butter eggs and cheese with varied prices across creameries and state dairy products. Toledo and Fort Wayne listings add grain, poultry, and livestock bids, including turkeys, chickens, and apples with regional quotation differences.
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