Veagh Report Unfavorable to a Central Bank
The report from Veagh is assessed as unfavorable to central banking policy. The secretary of the Treasury urges national review and coordinated actions by financial authorities.
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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Dec 18, 1911
Page
1
The report from Veagh is assessed as unfavorable to central banking policy. The secretary of the Treasury urges national review and coordinated actions by financial authorities.
A political debate centers on a proposed currency law as critics accuse cooperation among banks of fueling financial woes in the United States. Proponents argue a tighter framework could curb abuses and restore stability.
Secretary MacVeagh urges immediate passage of a currency bill based on Aldrich Committee findings. He rejects a central bank, calling for a bank cooperative agency and a national receiving and clearing system to prevent money power concentration amid 1907 panic lessons.
Springfield mass December 18 La Follette and Woodrow Wilson emerge as leading presidential hopefuls from a Farm and Home Magazine poll. The survey received about 100000 replies nationwide on nominations for both parties with Taft 1062, La Follette 2690, Roosevelt 2362, Wilson 2196, Clark 730, Harmon 594 and scattering.
The forecast covers La Crosse and Wisconsin with likely light snow tonight or Tuesday and minimal temperature changes. Minnesota and Iowa show unsettled conditions with snow possible tonight or Tuesday as high pressure shifts, with light local snow in the west and lake region and generally cloudy skies elsewhere.
Jewish citizens face restrictions in a treaty dispute with Russia as protests rise. Leaders urge resolution to protect rights amid diplomatic negotiations and potential impacts on minority communities.
Oscar Straus says the fight to cancel the 1832 Russia treaty ties Roman Catholics and Protestants to Jews. He outlines that priests clergymen and missionaries face passport and passport questions at the Russian frontier, blocking entry and violating the pact.
The funeral for Frank Nabal was held today at eight o'clock from Fessler and Dahl's undertaking parlors. Pallbearers included Sebastian Auberger George Schnberger Charles Dummer W F Moeser George Will and George Warninger. Burial followed at Oak Grove cemetery.
A chimney fire at the residence of R. W. Ratz at Jackson and Ninth streets yesterday morning caused minor damage with no injuries reported. Fire crews responded quickly and kept the blaze from spreading to other parts of the house.
Edward Bonsack, 45, and his 19 year old son barely survived after a Milwaukee train struck the buggy they rode at a Bangor Wisconsin crossing. Bonsack sustained facial lacerations, a dislocated shoulder, and a hip injury while his son was unhurt. The buggy and horse were damaged. Bonsack remains in precarious condition at Walter Jenkins’s farm near Big Creek. He alleges the train lacked a headlight and did not whistle before impact.
The Supreme Court ruled Illinois law permitting cities to indemnify damages from riots constitutional in the Frank Sturges case. Sturges received 702 dollars for damages to his Chicago building from a 1903 strike.
A passenger section of the Columbian Flyer derailed near Odessa Minnesota, killing 13 and injuring many as rescue crews respond. Authorities investigate cause amid momentum for rail safety reviews.
A wreck left rear cars telescoped as townspeople rushed to the scene and fought the blaze. Women were killed in the collision and authorities began investigations into the crash location and cause.
Report describes a deadly disaster as sleepers are trapped amid wreckage with some dying during extraction. Rescue teams work at the scene, confronting intense heat and unstable rubble while collecting survivors and identifying the dead.
The Milwaukee bound Columbian Limited wreck near Odessa Minnesota delays No. 18 by five and a half hours with a heavy death toll. La Crosse officials report no local casualties among their people while Hastings and Dakota division crews were involved. Survivors are expected to pass through La Crosse around 7 pm en route to Chicago.
Thirteen dead and six or more injured when a silk train from the coast collided with the Columbian limited near Odessa Minnesota the crash collapsing two rear sleeping cars. Identified victims include the wife and daughter of J F Richards superintendent of the Trans Missou ri division. Rescue and fire crews aided by local townspeople cleared wreckage as officials investigated no signal operator on duty.
A supplementary petition seeking a grand jury will be filed with Judge E C Higbee before the 23rd. It claims graft in another department and cites police graft, aiming to uncover true facts via a grand jury. A prominent citizen may emerge as a leading force in the movement.
Citizens of Onalaska form a bank to begin business within three months with $19,000 capital. Incorporators include Abel N. Moore Thomas G. Aiken A E Smith and G A Kempter with other locals. A site will be purchased for a modern two story cement or brick building likely on the vacant corner west of the post office.
The Carnegie peace fund trustees in New York plan a world wide campaign with $500000 annually. Wars listed include China rebellion, Mexican Revolution, Paraguayan conflict, Venezuelan unrest,Turkish Italian fighting, Turks and Bulgarians on the front, passport disputes US Russia, naval rivalry England Germany, Shuster issue involving Russia Persia England Germany, Turkey Macedonia quarrel, and Honduras Bonilla tensions.
Doctors at St. Francis hospital have not located a five cent piece swallowed by two year old Leone Bradley. An X ray showed possible placement in the lower esophagus but a probe failed to locate it. Further attempts will be made to remove the coin.
Elgin Illinois reports butter at 35 cents per pound unchanged from prior day. Production figures show 624 and 700 units, indicating a slight reduction in output.
White House conference reports dismissal of Senate action as Russia is formally notified the treaty will terminate on December 31, 1912. Taft's administration aims to forestall further Senate debate while outlining the abrogation.
President Taft informs Russia the 1832 treaty that barred Jewish American citizens will be abrogated by December 31 1912. Congress party strife continues as Sulzer amendment faces executive action and Senate Foreign Relations Committee work. In parallel a Canadian letter from a boy named Charles Walker seeks his La Crosse Wisconsin mother.
Levi Gaston Briggs right end for Mississippi A C died in New Orleans from injuries suffered in the season finale. The veteran athlete played for the college team and passed away early today.
A youth in Canada asks for help locating his birth mother or father connected to a 13 year old adoption in La Crosse. He mentions a Walker name and relatives Light, asking readers to contact The Tribune or Frankie Pillmeyer in Watson Saskatchewan Canada with any information.
At the house steel investigating committee session John D. Rockefeller and Rev. F. D. Gates were asked to answer claims by the Merritt brothers that they dodged about 29 million dollars in Minnesota ore property. Cotton denies the accusation and says no report was ever ordered or submitted.
A court holds the county responsible for the deaths of two carpenters, citing compensation law. The ruling assigns damages to the county, detailing the negligent conditions or practices leading to the fatalities and specifying the legal basis for liability under workers' compensation principles.
L. A. Tarrell of the Industrial Commission conducts an inquiry into a recent accident at Farm School, gathering witness statements and examining safety practices to determine causes and responsibilities.
La Crosse county may owe up to 3000 dollars to widows of Oscar Nelson and John Mackey carpenters killed in a fall at the La Crosse County School of Agriculture and Domestic Science in Onalaska. State examiner Tarrell says county boards should approve promptly to aid dependents and uphold the Workmen's Compensation law.
Associate Justice Holmes of the Supreme Court gave a decision on a land title case in Hawaii, delivering a rapid Hawaiian names recital that drew smiles and light applause from onlookers.
Meteors, some a foot wide, struck Main street in Lucedale Mississippi, causing a panic as celestial objects fell during the night and left gaping holes in the roadway.
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