New York Banks Face Failures Amid Market Turmoil
The report lists several New York banks suspending payments or closing as part of a broader money panic. Borough Bank of Brooklyn suspended payments. Providence Industrial Trust and Union Trust faced runs. International Trust Co. and United States Exchange Bank also closed or announced temporary suspension. Roosevelt signals need for a new elastic currency law to curb panic. overall sentiment remains cautiously optimistic despite ongoing troubles.
MENTIONED IN THIS ARTICLE
Washington
Elkins
Roosevelt
First National Bank of Williams
Providence
Industrial Trust Company
S. P. Colt
Brooklyn
Borough Bank of Brooklyn
The
International Trust Co
Providence Bank
Union Trust
New York
United States Exchange Bank
Europe
Turbulent Finances Weathered by Clearing Banks
The piece notes small currency sufficiency and extensive bank clearing as relief. Leaders of the banking world, government backing, and a strong banking pool are said to control the situation. Pittsburg regains equilibrium while Brooklyn experiences cash shortages without deeper weakness. New York markets begin recovery but will take days to normalize. Providence suspension identified as a hard blow.
MENTIONED IN THIS ARTICLE
New Banking Commission
Great Trust Company
Pittsburg
Brooklyn
New York
Stock Exchange
Providence
Atlanta
Lewis S. Chanler
Civic Federation Adopts Trust Regulation Plan
Chicago October 25 Civic Federation congress adopts resolutions urging a Germany style commission to regulate trusts. It calls for new legislation to curb abuses and modify the Sherman act to favor good trusts, plus laws allowing railroads to set reasonable freight and passenger rates.
MENTIONED IN THIS ARTICLE
Chicago
Civic Federation Congress
Germany
Congress
La Crosse High School football prepares for Tomah game
La Crosse High School football under Prof Benezet held a final scrimmage last evening before Saturdays game with the Tomah Indians. The coach expresses confidence in the team which has corrected faults from a prior defeat and will practice signal work tonight.
MENTIONED IN THIS ARTICLE
la Crosse Hiza
Benezet
Tomah Indians
Lusitania Breaks Eastbound Passage Record
Cu nard liner Lusitania arrives at Quenstown at 9 30 PM and lowers the eastern record with a voyage time of 4 days 22 hours 46 minutes.
MENTIONED IN THIS ARTICLE
Quenstown
Cunard Line
Lusitania
Morgan-Thomas Conference Spurs Panic Hallmark Rescue
Morgan and Ransom H. Thomas met at J. P. Morgan's office as Union Trust and Williamsburg Trust faced cash shortages. The stock market rallied after Morgan announced a $25,000,000 loan at 10 percent, easing liquidity fears and prompting brokers to cheer and celebrate on the floor.
MENTIONED IN THIS ARTICLE
Ransom H. Thomas
The
Exchange
Great Money Mart
Plan for a New Downtown Auditorium
City officials move toward constructing a permanent auditorium near the business district with Alderman Gus A. Kellar chairing the committee. Saengerfest organizers also plan arrangements, shifting from fair grounds to a central location as Secretary John L. Utermoehl voices enthusiasm.
MENTIONED IN THIS ARTICLE
Gus A. Kellar
John L. Utermoehl
Rockefeller Golf Side at Pocantico Hills Amid Market Turmoil
New York October 24. While Wall Street thronged with anxious bankers and brokers, John D. Rockefeller relaxed at Pocantico Hills, playing his usual round of golf. Reports claimed he cheered crowds outside J P Morgan, but he remained calm, answering calls between holes and declining to discuss the financial crisis.
MENTIONED IN THIS ARTICLE
New York
Financial
John D. Rockefeller
Standard Oil Company
Pocantico Hills
Rockefeller
J. P. Morgan
Standard Oil
Mr. Rockefeller
Plan To Divert Trade To La Crosse By Train Time Change
Trempealeau Valley residents would gain a same day shopping trip to La Crosse if the Green Bay and Western changes the stub train timing to depart Winona later and connect at Marshland with the Northwestern. The plan, pushed by Herman L. Ekern, faces opposition from Trempealeau valley merchants and traveling salesmen.
MENTIONED IN THIS ARTICLE
Herman L. Ekern
Whitehall
Wis
Wisconsin
State Railroad and Rate Commission
Green Bay & Western Railroad
Winona
Minn
Merrillan
Trempealeau Valley
la Crosse
Ekern
Green Bay
Northwestern
Ute Indians Anew Breakout On Cheyenne River Reserve
About 600 Utes roaming from Utah return to trouble Cheyenne River reservation in South Dakota. War Department orders Meade troops to scene after Colonel Downs reports unruly conditions. Fort Meade lies 100 miles away requiring a cross country cavalry move.
MENTIONED IN THIS ARTICLE
Washington
Utah
Colorado
Wyoming
Cheyenne River Reservation
South Dakota
Secretary of the Interior
War Department
Meade
S. D
Downs
Fort Meade
State tax increase reaches forty-one thousand dollars
La Crosse county faces a 1907 state tax apportionment of 46 377 79, up 31 404 68 from 1906, with large rises in the school fund and educational department. County Clerk Charles Rawlinson received the figures from Secretary of State James Frear for county funds and school districts.
MENTIONED IN THIS ARTICLE
la Crosse County
Charles Rawlinson
James Frear
Telegraphers urge Congress probe over strike action
Milwaukee telegraphers at their convention urged a congressional investigation into wire messages during the strike. They allege paid messages were mailed to delay for 6 hours to 6 days, backed by documentary evidence. A deadlock looms as talks fail to advance toward settlement and union blocs remain split on amalgamation with railroad telegraphers.
MENTIONED IN THIS ARTICLE
Congress
Railroad Telegraphers’ Union
Railroad Union
Marriage of Carl R. Hagen to Lena Schultz
Carl R. Hagen a boilermaker wed Lena Schultz on Wednesday evening in a ceremony presided over by Judge Brindley.
MENTIONED IN THIS ARTICLE
Carl R. Hagen
Lena Schultz
Brindley
Let the people sit on the bench of the tariff court
In a national tariff conference debate, Chanler denounces current justice as a farce and urges a citizen bench to judge matters affecting national interests. He criticizes rulings that spare corporations and insists the public shoulders the Standard Oil fine, arguing for real accountability.
MENTIONED IN THIS ARTICLE
Chanler
Farmer William Korth Dies After Wagon Wheel Accident
MENOMINEE Mich Oct 25 William Korth a prominent farmer near the city fell from his wagon. The rear wheel passed over his head crushing jaws tearing off the left ear and causing concussion of the brain. He is believed fatally injured.
MENTIONED IN THIS ARTICLE
Menominee, Mich
William Korth
Robbery Hits U S Express Milwaukee Office
The United States Express Company at Milwaukee Union Station reports $18 000 to $52 000 stolen from a safe in the shipping department. The area was left unguarded while the staff fetched express matter from a train. Chicago detectives arrived to investigate but officials remain reticent.
MENTIONED IN THIS ARTICLE
Milwaukee
United States Express Company
Union Station
Chicago
Von Moltke Trial New Testimony Surfaces In Berlin
Dr. Hirsch Feld testifies that Von Moltke shows immoral inclinations causing a scene in the Berlin trial. Harden seeks to summon top officials including Prince von Buelow and Count von Maulsen Haeseler to illuminate the so called camarilla. An army officer testifies to excesses at County Lynar’s house linking von Moltke to the scandal.
MENTIONED IN THIS ARTICLE
Berlin
Hirschfeld
von Moltke
Herr Bernstein
Bismarck
Harden
Prince Philip Zu Eulenberg
Vienna
William von Honehau
Camarilla
Round Table
Prince von Buelow
Count von Maulsen- Haeseler
von Hohenau
Prince Eulenberg Cerainly
Cholera Ravages Southwest Russia City Shriveling Aid
Cholera sweeps southwestern Russia with high death rates in cities. In Kiev deaths run about one hundred daily as corpses lie in abandoned houses and hospitals overflow. The epidemic strikes the poor hardest and aid is turned away.
MENTIONED IN THIS ARTICLE
Vienna
Russia
Kioff
Weather and Water Forecast and River Levels
Weather today fair in Wisconsin and Minnesota with cooler tonight. Iowa mostly fair east and possible showers west tonight and Saturday with cooler west portions. River forecast shows the river remaining near stationary for 36 hours with water stages listed for Palisades to St Louis, noting slight declines.
MENTIONED IN THIS ARTICLE
Wisconsin
Minnesota
Iowa
Also Mentioned on This Page
Borough Bank of
Short and Providence House
George B. Cortelyou
Civic Federation
Tomah
Morgan-Thomas
Trust Company of America
Sub-Treasury
R. H. Thomas
Williamsburg Trust Company
Williamsburg
Frank Jenkins
Morgan
Arthur I. Vorys
Taft
Rthur I. Vorys
Saengerfest Committee
John D
Wall ST
Lacrosse
Warpath
School Fund Responsible
Wisconsin School For
Ile Industrial School
Shelby
Hamilton
Village
West Salem
Holland
Onalaska
Normal
Creee
Holland, Onalaska
Normal Ees
Com
Mercial
Telegraphers’ Convention
Lewis Ptuyve Sanntcmanler
U.S. Express CO
Reeds Landing
Ie Crotes
Prairie du Chien
Dubuque
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