Bank Assets Report Reveals Higher Paper Value Found
Appraisers spent hours assessing stock and paper assets uncovering more valuable paper than first believed. The official report notes a scriber may be released on bonds and return home soon.
09 Nov 1908
Page 1
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Newspaper
La Grande Evening Observer
Location
La Grande, Oregon, United States of America
Date
Nov 09, 1908
Page
1
Appraisers spent hours assessing stock and paper assets uncovering more valuable paper than first believed. The official report notes a scriber may be released on bonds and return home soon.
The Observer notes a circulating rumor that Scriber will meet a large bulk of the bad paper in La Grande, likely leaving depositors with little loss. It cites an estimated shortage near 125000 and reports appraisers, led by Receiver Neidner, reviewing assets with aides Holmes Phy Meyers Palmer Mec Culley Cleaver.
The case of Ray Lapher accused of murdering Mrs Bella Gunness and three children is in the spotlight in La Porte. Gunness, linked to multiple murders for money, is alleged to have buried victims in her yard.
Miss Maggie McLinn, 18, was cut in two and dragged 40 feet by a street car in San Francisco. An angry crowd attacked motorman J. H. Lance until police arrived. A rope was snatched from a drug store as someone rushed the motorman, but police intervened. The body was mangled beyond recognition with multiple broken limbs.
Captain Peter Haine and his brother Jenkins Haine charged in the murder of William Anni will be tried together beginning December 14. The date was set by Justice Aspinwall today in New York.
Mrs. J. A. Bunt of Lawrence Washington accidentally smothered her infant son Kirke A. Bunt aged 83 days when she fell asleep holding him Saturday morning. She awoke to find the child dead in her arms.
In Denver the AFL gathering appears to favor Samuel Gompers for a new term as head, though opposition from James Lynch and John Mitchell remains. Governor Buchholz and Mayor Speer welcomed delegates as the two week convention opens with work to begin next day and Taft comments trigger disputed statements.
New York postmaster Eric H. Mackey shot Morg an as he left his home near 146th Street and Broadway this morning. He then killed himself with a pistol. The motive remains unknown and police deem the attack premeditated. A dagger and slingshot were found on Mackey.
The Federated Women's club opens in La Grande with 40 delegates arriving tonight as advance guards for a three day program. President Sarah Evans will open sessions tomorrow morning with local performances to follow. The event aims to showcase La Grande as a convention city and invites wide public attendance.
Chicago reports Speaker Joseph Cannon met western congressmen in tariff talks and conferred with National Chairman Hitchcock. The Republican national headquarters closed after a recount showing 213 Republicans elected to the next House, a majority pledged to support Cannon. Lakes-to-Gulf advocates plan to oppose him.
Admiral Sperry bars sailors from Manila shore leave for the fleet reception due to cholera fears. Local citizens resent the ban, arguing it deters tourists and business. Business leaders push appeals to Washington for shore access to the celebrations.
Elgin Snowed Under as Cove Gladlettors roll to a 36 to 0 win on Saturday in Cove. The forward pass and Middleton spread powered Cove as they moved the ball swiftly downfield, overpowering the opposition throughout the contest.
The World endorses Roosevelt for the New York senate, succeeding Pratt as his term ends that winter. The paper withdraws no criticism of Roosevelt's policies, calling him unfit for president while praising administrative energy. James W. Wordsworth quoted says Roosevelt would keep hands off the NY seat. Secretary Reed is seen as the administration’s favored candidate.
Lincoln reports that Bryan is not being considered for the University of Nebraska chancellorship to succeed Benjamin Andrews. Regents state Bryan's name is not under review. At Pastime theater no film shipment arrived for tonight's program. Manager Eccius promises a film tomorrow and urges patrons to attend Ma's New Husband tonight.
Workers in coke regions resume operations as Deswich of Laborers reports more men employed. Paneylvania railroad overtime extends to one and a half time. Ten large plants in Pennsylvania Ohio West Virginia Maryland and Indiana to start within two weeks. General Tong signals prosperity everywhere and a new model city Allquip advances.
In Pittsburg the coke and glass sectors suffer as foreign workers return home during the panic. Railroads work overtime to repair damage while plans for a $15,000,000 plant by Jones Laughlin Steel and new glass facilities owned by National Glass lay idle under receiver control.
Blaine Washington November reports Harry Field arrested in Vancouver for attempting to smuggle 1600 dollars worth of diamonds across the border. He seeks extradition for the prisoner accused of passing worthless checks totaling the diamonds' value.
President Pancavelt invites five labor leaders to a dinner on November 17 to discuss desired labor legislation. Samuel Gompers is not invited. The guests listed are T. Powderly, John Mitchell, Daniel Keefe, James Duncan, and P. H. Morriasoy.
A brief birth notice records the arrival of a child to Mr. and Mrs. Ed Coolidge in the city last evening. The item notes the newborn as the family’s newest member with no further details provided.
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