23 Oct 1907
Page 1
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Newspaper
Hamilton Democrat Sun
Location
Hamilton, Ohio, United States of America
Date
Oct 23, 1907
Page
1
Hints of prosecution of Knickerbocker Trust Co. that is closed. Standard phrase hints at formal action against the bank amid financial turmoil.
Following Cortelyou's announcement that government funds were deposited a more favorable tone spread on Wall Street as some weak stocks rallied The crisis appears contained to New York with banks and cities across the country reporting strength and confidence The press calls the situation a necessary step in purification and forecasts relief with treasury aid and easing financial strain.
Morgan and Stillman have practically assumed command in financial circles as deposits flood The Trust Company of America. Bank officials prepare collateral reviews for a Morgan Stillman report to assess potential outside aid and coordinating cooperation with other banks to stabilize the system.
Secretary of the Treasury announces that the government has deposited ten million dollars in banks in New York and other cities. The move aims to stabilize markets and ensure liquidity during ongoing financial adjustments.
New York report says J Pierpont Morgan and James Stillman of National City Bank practically control the city’s financial affairs. They act as generals of the situation and stay in constant touch with Secretary Cartelvon. Other New York banks look to them to steer their courses.
Secretary Cartelyou states the Treasury will use its facilities to assist legitimate business and act promptly and thoroughly. He notes New York banks are in strong condition and praises recent clearing-house actions. He plans to spend the day at the sub-treasury and expects trust company cooperation.
The Treasury under Cortelyou, alongside Morgan and Stillman, deposited ten million in cash in national banks this afternoon. He stated that this action should enable the government to fully cope with the present financial situation.
A line of 600 depositors stood outside the Trust Company of America as doors opened, with the bank described as solvent and backed by allied banks if possible. The agitation could spread, risking cash help from other city banks.
The Ohio Brewers Association approved a Dayton based vigilance bureau in executive session in Cincinnati. Adam Lchrantz, Dayton president, to oversee the bureau aimed at enforcing juvenile law and closing disreputable saloons. The move follows the Cincinnati convention resolve to elevate liquor industry morals statewide.
The will of Robert N. Carson, a Philadelphia millionaire who died in a theater, provides a 5,000,000 institution for orphan girls modeled after Girard College. It becomes effective after Mrs Frances Carson’s death and will be located at Flourtown Montgomery County. The plan mimics Stephen Girard in avoiding denominational control and exclusive religious services.
William Burlington, in Surveyor West Virginia, on October 25 attempted to kill his sweetheart Miss Hendricks when another suitor visited. A quarrel followed and Burlington shot himself, later arrested by Constable Nave Mitchell and taken to a hospital for treatment of a likely fatal wound.
Lorain Ohio October 23 thieves took 48 diamond rings valued at about 5000 dollars from H B Neilsen’s jewelry and crockery shop. Three young men entered the store two asked to view crockery while the third crawled under the counter and lifted a tray of rings. The trio fled as the others disappeared.
Judge Gard awarded Lydia Jones a judgment for 125 against F. X. Duerr acting as assignee of Martin McLaughlin. The sum is for services rendered in work and labor.
Ohio Supreme Court orders new trial for Benjamin Dickerson after ruling that bloodhounds’ tracking was not clearly proven by competent witnesses. Dickerson, sentenced to death for the murder of his sweetheart in Coshocton County, had been shuffled between jail and the penitentiary annex. The court found an error sufficient to warrant a rehearing.
A Barton Hepburn president of Chase National Bank and clearing house committee member stated that general banking conditions should improve from now on. He attributed earlier trouble to methods of certain parties now out of the picture and said the clearing house will provide needed support.
Henry Sykes, a Black man newly arrived from Indiana, was lynched by a small unidentified mob from near Okolala after being accused of telephoning white girls in Okolana. Sykes escaped once but was pursued all night. a brief fight ended with the posse overwhelming him.
In Houston Texas on October 23 the Texas Farmers' Union Cotton company announces no funds for further advances on the cotton crop and payment is suspended The effort to hold for 15 cents is believed to be broken Between 15 000 000 and 20 000 000 is tied up in the crop on loans already made.
In Corbin Kentucky on October 23 an Italian section hand employed by the Louisville and Nashville railroad killed a buzzard and cooked it for a meal. He invited three other Italians who ate with gusto and then fell violently ill. The host died within an hour and the others near death as physicians attribute the illness to the bird flesh. The victims’ names are not known to authorities, appearing only by number on railroad records.
Marion Ohio reports a westbound passenger train No 15 and eastbound freight No 36 collision west of town last night. Victim William Hoover 65 an Evie machinist from Lima to his home here is killed in the crash.
Newspaper recounts a rumored 25 to 30 million dollar loan idea from John D. Rockefeller to Wall Street via conversations with the Cin National bank about supporting banks facing losses. Rockefeller suggests the government fines of 320 million could require funds and cautions against public attention by letting others take the headlines.
Two dead children Samuel Burnett aged seven and John Zeemertis died from rabies at their homes in Wilkesbarre. Isaac Burnett aged 12, and George Rega aged 14 were sent to the Pasteur institute for treatment after rabies exposure from a dog bite seven months earlier. Zeemartis and another boy Joseph Orretto were bitten five weeks earlier.
The German airship Pommern won the balloon race with a lead of ninety miles over its nearest rival. The American crew Chandler and McCoy piloted their craft to a landing two miles from Annapolis Junction, Maryland, after taking off earlier this afternoon.
Reports from St Louis show balloons breaking distance records with flights of 402 miles the race record. German Pommern landed near Asbury Park with about 800 airline miles from St Louis. Dover, Del saw Dusseldorff land at 825 miles while American balloon St Louis reached West Minster Md after 730 miles. Caledonia Ontario claimed a 650 mile U S landing, Tinglish Lotis reached Leesburg Obie.
In Columbus Ohio October 23 the supreme court reports a forged certificate of admission to the Ohio bar and falsified court records to conceal the fraud. The parties named are Lawson KE Emerson former clerk of Belmont county and former Senator L L A Austin of Toledo cited to prove his claimed bar status. Evidence suggests that Austin never passed the required examination and that the certificate was issued and recorded improperly. Further documents allegedly reveal additional fraud tied to his name in the records.
A dynamite explosion wrecked the Free Methodist church at Sitten eight miles west of Toledo causing major damage to the frame building. The blast left one side torn away with no foundation damage. No suspect or motive identified.
Fair and slightly cooler tonight. Thursday will be cooler with partly cloudy skies and limited sun.
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