Trust Company Closes Doors in Philadelphia Crisis
The Real Estate Trust Company, founded in 1885, shuts down with liabilities around 10 million dollars and quick assets about 3.5 million. President Frank K. Hipple died last Friday and investigators allege he used false securities to cover loans to Adolph Segal, prompting a receiver’s appointment and a bid to salvage depositor interests.
MENTIONED IN THIS ARTICLE
Philadelphia
Presbyterian Church
Frank K. Hipple
Adolph Segal
Clearing House Association
George K. Earle, Jr
Finance Company of Pennsylvania
Hipple
Segal
Mr. Hipple
Bryn Mawr
Here
S. Weir Mitchell
John H. Converse
Baldwin Locomotive Works
United States
John F. Betz
William A. Patton
Cassatt
Pennsylvania
Superior
Franklin National Bank
Rate law takes effect for interstate railroads
New York Aug 30. The new interstate railroad rate law began at midnight, enforced by the Interstate Commerce Commission. Railroads must file all tariffs and itemized costs. shippers can expect a single final charge. Many schedules were not fully filed, especially switching charges, with extra time likely granted for good faith compliance. A Washington meeting will discuss the law with big eastern lines and coal interests amid calls to curb past rebates.
MENTIONED IN THIS ARTICLE
New York
Interstate Commerce Commission
Commission
Big Eastern
Washington
Nevada Insurance Chief Warns London and Lancashire
Carson City Nevada August 30 Insurance Commissioner Davis sent a letter to London and Lancashire Fire Insurance. Davis rebuked the company for discriminating against small Nevada policyholders and urged compliance with Nevada laws. He ordered state property policies cancelled and gave two weeks to settle accounts in San Francisco or face license revocation.
MENTIONED IN THIS ARTICLE
Carson City
Nev
London and Lancashire Fire Insurance Company
Davis
Nevada
California
San Francisco
Man claims healthful living on four dollars a month
Augustus Riley a 74 year old war department clerk says his $1200 yearly salary supports a strict diet. He reports spending about 12 cents daily for food, living on apples eggs and rice with no alcohol or coffee and sleeping well without hunger. He cites a prior swindle as a trigger for his frugal regime.
MENTIONED IN THIS ARTICLE
Washington
Augustus Riley
War Department
Riley
Giants of finance battle for millions in Milwaukee clash
A New York dispatch describes a $25,000,000 finance battle over control of the Chicago Milwaukee and St. Paul railroad. Morgan Hill and their backers face Harriman Van Horne Shaugnessy and Canadian Pacific, with Smith and Rockefeller tilting toward Harriman. Stakes include route extensions to the coast and future rail traffic control.
MENTIONED IN THIS ARTICLE
New York
Chicago, Milwaukee and St. Paul
J. Pierpont Morgan
E. H. Hartkeman
Chicago, Burlington and Quincy
Northern Pacific
Wall Street
James J. Hill
BE. H. Harriman
William van Horne
Thomas Shaugnessy
Harriman
James H. Smith
William Rockefeller
Great Northern
Union
Southern Pacific
Pacific Coast Line
Hill
Canadian Pacific
Milwaukee
Secarcely
Union Shop Banned in Wisconsin Labor Case Ruling
Judge Chester A. Wowler held the bakers contract illegal and enjoined the Trades Labor council and members from using the unfair list in a $25,000 boycott suit. Baker Otto Schultz awarded 2,500 for lost profits and 3,500 for business injury. The ruling cites Wisconsin statute 466A on unlawful combinations and notes the contract forced union-only employment.
MENTIONED IN THIS ARTICLE
Racine
Wis
Chester A. Wowler
Otto Schultz
Trades Labor Council
Benjamin Dressen
Trades Council
Baker Schultz
Supreme Court
Invitations sent for speeches at Missouri Republicans event
Kansas City August 20 Invitations were extended to Vice President Fairbanks and Governor Cummins of Iowa to speak at the field day planned by the Missouri Republican party at Paramount Park in September.
MENTIONED IN THIS ARTICLE
Fairbanks
Missouri Field
Kansas City
Cummins
Iowa
Paramount Park
Twenty-one Rescued From Burning Steamer Eddy
Detour provincial. Twenty one people including the captain's wife and two children were rescued from the burning steamer Charles A. Eddy by the City of Mackinaw off Port Sanilac in Lake Huron. All escaped uninjured as the Eddy was destroyed. the crew were saved amid heavy seas.
MENTIONED IN THIS ARTICLE
Detecoit
Mich
Incelidime
Charles A. Eddy
City of Mackinaw
Port Sanilac
Lake Huron
Gilchrist Transportation Company
Cleveland
Simpson
Mackinac
Mackinac Island
Detroit
Eddy
Elsey
Boy Slays Father for a Paltry Sum
Spokane reports the murder of James F. Sloane and the arrest of his son Sidney Sloane. The 17 year old confessed to killing his father with an ax after which the body was hidden behind rocks and dumped in an alley. He planned to steal about 500 dollars he believed his father carried.
MENTIONED IN THIS ARTICLE
Spokane
Wash
James F. Sloane
Sidney Sloane
Princes Use Mails in True Princely Style
Berlin reports the Thurn and Taxis family used government mails at a princely scale. Postage was exempt since the Thirty Years War. they received over £1,000,000 for relinquishing the privilege yet kept it for family members. They built a grand Munich home and allegedly shipped timbers by mail free of charge. The government has revoked the ancient privilege, deeming abuse.
MENTIONED IN THIS ARTICLE
Berlin
Thurn and Taxis
Gsnabment
U. S. Consul Resigns After Guadeloupe Riots
G Jarvis Bowens resigns as American consul at Guadeloupe after riots prompted alarming State Department reports. An American gunboat was sent to the Caribbean island amid tensions with France, but investigations concluded his warnings were unwarranted. Bowens, a Virginia appointee, is identified as Black.
MENTIONED IN THIS ARTICLE
Washington
G. Jarvis Bowens
Guadeloupe
French West Indies
State Department
Bowen
France
Bowens
Virginia
Aguinaldo Pursues Large Scale Farming in Cavite
Unofficial war department notices say Aguinaldo former Philippine republic president is farming on a large scale in Cavite and plans to take up friar lands. He is industrious, ambitious in agriculture, interested in modern machinery and production, loyal to the Philippine government and aiding the Jadronism suppression effort.
MENTIONED IN THIS ARTICLE
Washington, D. C
Bureau of Insular Affairs
War Department
Aguinaldo
Philippine Republic
Cavite
Packers Confident on New Meat Inspection Law
Ferdinand Sulzberger of Schwarzs child Sulzberger Co packers, visiting Kansas City, predicts the shock from the investigation and publicity will be brief as the new meat inspection law takes effect. He says demand will rise and American meats will lead the market, drawing back foreign trade.
MENTIONED IN THIS ARTICLE
Ixansas City
Ferdinand Sulzberger
Schwarzschild & Sulzberger Company, Packers
Ansas City
Peace Hopes Amid Cuban Isle Tangle
Reports from Havana describe government moves toward unconditional pardons for rebels who lay down arms, excluding captured commanders who may be pardoned after surrender. Fighting remains limited as insurgents in several provinces reduce activity and seek political concessions.
MENTIONED IN THIS ARTICLE
Havana
Actiong Secretary of the Interior
Palma
Guzman
Cienfuegos
Valla
Pinar del Rio
Guerra
Cuban insurgent leader imprisoned in Havana report
Dispatch reports Guzman and other insurgents clash with government forces for a costly battle in western Cuba. Seventeen insurgents killed, one government soldier dead, amid doubts over amnesty and legality of Palma’s peace offer.
MENTIONED IN THIS ARTICLE
Havana
Pinar del Rio
Associated Press
Cuba
Guerra
Potato Blight Grips Western Ireland in Weather Hope
London August 2 The Manchester Guardian reports potato blight in western Ireland. The disease appears widespread starting Moycullen and Galway, worsened by heavy rains of the last two weeks. Outcome hinges on weather in the coming weeks.
MENTIONED IN THIS ARTICLE
London
Manchester Guardian
Dublin
Ireland
Moycullen
Galway
Also Mentioned on This Page
Trust Company
Philadelphia Concern
General Presbytery
Mke
Houston
Frisco
van Horne
Morgan
Cial Battle
the Morgan
Racine, Wis
Baker
Lad
New Castle
U. S
Packers
Sulzberger
Cuban Isle
Tijuana
Montalvo
TayYe
Alfredo Zayas
Senate
Liberal Party
Secretary of the Interior
Rodriguez
Junta
Jose Miquel Gomez
Erin’s Isle
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