Court rules stockholder review needed for corporate purchases
New Jersey court of errors and appeals holds that when original stock is issued for property the directors’ value estimate is not conclusive and stockholders may seek court review. The decision centers on the Guggenheim property purchase by American Smelting and Refining Co, outlining valuation standards and potential stays.
MENTIONED IN THIS ARTICLE
New York
Dixon
Trenton
N. J
Court of Errors and Appeals
American Smelting and Refining Company
M. Guggenheim & Sons
New Jersey
Stevens
Board of Directors
Court of Errors
Dixon Fhlows
Court of Chancery
Guggenheim
Amalgamation Completed in Guggenheim Plants Merger
Attorney Samuel Untermeyer reports a prolonged meeting leading to a full merger between the American Smelting company and Standard Oil interests through Guggenheim's Sons plants. Capital stock rises to 100 million dollars, deeds are stamped, and properties are transferred to the consolidated firm with a 7 million dollar check filed to cover incorporation fees.
MENTIONED IN THIS ARTICLE
Alima Bimalsod
New York
Samuel Untermeyer
Delmonico's
American Smelting Company
Standard Oil
H. H. Rodgers
Leonami Lewisohn
M. Guggenheim's Sons
Trenton
N. J
Dixon
American Smelting and Refining Company
Cecil Rhodes III Near Death in Kimberley Report
London reports Cecil Rhodes, a key figure in South Africa's commercial rise, is seriously ill in Kimberley. The article notes his long career from Cape Colony treasurer to premier, his role with the De Beers company, and the Jameson raid's impact on his reputation.
MENTIONED IN THIS ARTICLE
Napoleon
London
Cecil Rhodes
South Africa
Kimberley
Transvaal
Kimberly
Republic
Rhodes
Cape Colony
de Beers
Cape
Mail Messenger Bound Over on Robbery Charge
Des Moines, April 10. W B Martin assistant mail messenger was bound over to the grand jury charged with robbing mail sacks. Packages have been missing for several months and Martin had been under suspicion.
MENTIONED IN THIS ARTICLE
W. G. Martin
Des Moines
W. B. Martin
Martin
SANDICO SURRENDERS TO AMERICAN AUTHORITIES
General Sandico, a former Aguinaldo cabinet member, surrendered to U S authorities at Cabanatuan New Ecija. He has a bad record and may be tried. Meanwhile the Hoelerman case ended with key testimony from Filipino Colonel Herrera who testified Hoelerman supplied money and rice to insurgents.
MENTIONED IN THIS ARTICLE
Aguinaldo
Manila
Sandico
Cabanatuan
New Ecija
M. Brix Hoelerman
Philippine Trading Company
Herrera
Hoelterman
rebellion in Mongolia and Shen Si threatens Chinese court
Reports from Peking say a rebellion led by General Tung Fuh Sian has erupted in Mongolia and Shen Si. Foreign troops may be considered if the dynasty falls. Ministers doubt imminent foreign interference unless Chinese interests suffer. A new regime could delay peace talks but be easier to negotiate with later.
MENTIONED IN THIS ARTICLE
Peking
Tung Fuh Sian
Mongolia
Shen Si
China
Venezuela Crisis Sparks Talk of Naval Demonstration
Reports from San Juan de Puerto Rico and New York describe tension between the United States and Venezuela over President Castro’s policies. A Belgian German and other foreign interests face seizures, with calls for a naval show of force and accusations of constitutional manipulation, while Andrade’s exile grows.
MENTIONED IN THIS ARTICLE
San Juan de Porto Rico
Loomis
la Guayra
San Juan
Avila Blanco
Castro
United States
Blanco
New York
the Tribune Today
Venezuela
Washington
Caracas
Congress
Andrade
Curacoa
General Acosta
Revolutionary Party
Supreme Court
Rotunda
Barcelona
Mrs Palmer and De Gang at Young Chicago Alderman Serenade
Chicago April 9 The Tuscarora club hosted Alderman-elect Honore Palmer as his mother Mrs Palmer showcased charm and political theater. The scene mixed polite society with ward operatives as speakers praised Palmer and plans for future offices. The event closed with supper and optimistic talk of party unity and future charity balls.
MENTIONED IN THIS ARTICLE
Chicago
Honore Palmer
Tuscarora Club
Tuscaroras
Hobart Chatfield-Chatfield-Taylor
Twenty-first Ward
Palmer
Harrison
Guin O'Brien
Arthur J. Eddy
Julius Galazier
John Minnegen
Eddy
Battle in China near Kobantsy and Sinminting
A German dispatch reports heavy fighting between the Russian East Siberian Rifles and thousands of Chinese troops near Kobantsy and Sinminting. Russian losses include a captain, an unspecified number of men, a lieutenant, a colonel, and several other officers. many woundeds. The Chinese suffered heavy losses and retreated with Russian pursuit. The date is not given.
MENTIONED IN THIS ARTICLE
Berlin
Cologne Gazette
St. Petersburg
East Siberian Rifles
Kobantsy
Sinminting
First All-Scotch Shorthorn Sale Held in Chicago
George Ward of Hawarden buys Victoria at a Chicago stock yards sale featuring 39 cows and heifers and 10 bulls from multiple herds. Top price cows reach $2,100 and two bulls sell for $1,300 each, totaling $4,700 for the three highest-priced animals.
MENTIONED IN THIS ARTICLE
George Ward
Hawarden
Victoria
Chicago
Stock Yards
C. B. Dustin & Son
Summer Hill
I. M. Forbes & Son
Henry, Ill
Prather & Son
Springfield
Ill
J. F. Prather
Williamsville
C. C
Norton, Corning
Hill Farm
Frank Bellona
Maryville
F. P. Hood
Alanola
Kaiser's Mind Said to Be Failing Amid Prophecy May Shadow Regime
Berlin reports a Paris paper recounts Mme de Thebes, a famed chiromancer, predicting the kaiser will die in exile in England and that European war and regency talks follow. She says Berlin is struck by his nervous stress and fear of what futures cards reveal.
MENTIONED IN THIS ARTICLE
Mme. de Thebes
England
Paris
Berlin
Wilhelm
Kartoum
Carnot
Faure
Victoria
German Empire
Prussia
Norway
London
Europe
Revue Medicale
Germany
Bremen
Spectator
Saturday Review
Notes From Washington Handpicks for Indian Cession Talks
Chief Inspector James McLaughlin named by the Indian Affairs commissioner to negotiate with Lower Brule for a reservation cession and then with Rosebud for cessions in Gregory and Lyman counties. Iowa postmasters updated in several towns. name change for Jordan office to Boston. pension examiner Dr. Co. & Brown appointed. Pensions granted across Iowa Nebraska and South Dakota, including original, renewal, and widows benefits with listed amounts.
MENTIONED IN THIS ARTICLE
Washington
James McLaughlin
Commissioner of
Indian Affairs
Lower Brule
Rosebud
Gregory
Lyman
Iowa
Star
Marion County
Anderson Bacus
Welsher
van Meter
Dallas
H. H. Phillips
W. S. Shinn
Warren
Lee County
E. A. Wallingford
Daniel Hoover
Jordan
Garfield County
Neb
Boston
Marle Warren
Josephus R. Sheely
Osceola
Alvey P. Searle
Schaller
Will Sharp
Des Moines
Robert W. White
Bedford
Alfred H. Jones
Clarinda
John W. Horner
Correctionville
Cathrina Blake
Calamus
Nebraska
Prisoner Escape Thrown Into Chicago Union Station
Federal prisoners Prentice Tiller and G H Grant alias A B Chase alias C Martin caused a sensational breakout in Chicago Union Station after arriving under guard. Tiller was recaptured, Grant remained at large as Deputy Moore and bystanders pursued him leaving Tiller in Cincinnati.
MENTIONED IN THIS ARTICLE
G. H. Grant
Chicago
Prentice Tiller
A. B. Chase
C. Martin
Nebraska
Cincinnati
United States
Union Station
Grant
Tiller
J. G. Moore
Michael Dempsey
Omaha
Dempsey
Moore
Miracle Cure Alleged for St Louis Nun After Nine Day Novena
A St Louis nun from St Joseph's convent, Sister Laura Kuhn, reportedly cured of cancer after eighteen years of suffering. The event, claimed a miracle, occurred on St Joseph's day March 18 after a nine day novena of prayer. She awoke proclaiming no pain, bandages removed to reveal a scar and renewed duties. She did not publicize the event, and news leaked from inside the convent.
MENTIONED IN THIS ARTICLE
St. Louie
Chicago
Chronicle
St. Louis
Laura Kuhn
St. Joseph's Convent
St. Joseph's Day
Dlegrees
Johnson asserts mayoral office ahead of April 10
Tom L. Johnson surprised Cleveland by entering the mayoral office at 10 23 am and declaring himself mayor while restraining Mayor Farley from signing a water front deal with the Pennsylvania Company. He obtained election certification at 10 20 am and took the oath with a $10 000 bond as a temporary injunction loomed. ThePennsylvania company may file mandamus to compel Johnson to sign the measure.
MENTIONED IN THIS ARTICLE
Dixon
Justice Dixon
Cleveland
Tom L. Johnson
Farley
Johnson
Pennsylvana Company
Pennsylvania Company
Big Elevator Burned in St. Louis Fire Destroys Grain Storage
Sparks from a switch engine ignited a riverfront elevator at Biddle street owned by the St. Louis Elevator and Storage Co. The 800,000 bushels of wheat and corn were destroyed within two hours. Loss about 650000 with $640000 insured for grain and building. No salvage expected as fire and water left a clean sweep.
MENTIONED IN THIS ARTICLE
St. Louis
Biddle Street
St. Louis Elevator and Storage Company
Salisbury Heads for Riviera and London
Salisbury departed for the Riviera and London this morning, as the secretary reported.
MENTIONED IN THIS ARTICLE
Salisbury
Riviera
London
Lord Salisbury
Th.e Riviera
Also Mentioned on This Page
Cecil Rhodes III
Mail Messenger
H&ld
Sandico Surrenders
Shen-Si
Uncle Sam
Ayaly
Bermudez
Government of
Asphalt Company
State Department
Vezuelan
Senor
Augusto Puildo
Waldorf Astoria
Cypriano Castro
Gonzales Esteves
DE Gang
Dr. Co. & Brown
Centerville