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Newspaper
Mitchell Capital
Location
Mitchell, South Dakota, United States of America
Date
Dec 13, 1907
Page
5
Representative A. B. Capron from Rhode Island argues the January money situation will ease. He predicts a limited thaw in financial pressures despite widespread concerns about bankers' integrity.
Senate proposals push national incorporation and treasury notes backed by bonds plus a 70 percent cotton deposit plan through 1909 and a stiff penalty for cotton futures. Other measures cover banking real estate loans, clarified bankruptcy, arid land grants for homesteaders, and New Mexico statehood. House items include lumber import duty removal, false advertising penalties, and Civil War veterans' pensions expansion with a $40 minimum.
Rhode Island congressman A B Capron told Philadelphia bankers the recent market jitters are a thunder shower clearing the air. He predicts after January 1 banks and industrial enterprises with solidity will access needed funds, while some flawed banks may fail to expose and reform dishonesty. He warns Congress will address currency and banking safeguards in the current session.
Two American women Miss Hortense Edy and Miss Octave Woodward of Rockford Illinois reached the crater of Popocatapetl after a perilous ascent without guides. They endured a snowstorm and severe summit conditions before summiting and later descended safely to rejoin their party at the mountain base.
New York readers hear Alfred J. Barton, expert on ancient books, claim the Milton bible with the Milton autograph is a spurious forgery. The binding bore the claimed date John Milton February 24 1654 in yellow ink, once vouched as genuine by Dr W Aldis Wright and other English scholars.
Miss Fannie Mckenzie testified in Des Moines that she read burning love letters from J B Gray to Winifred, ending with love and kisses. She described Gray visiting Minneapolis for meetings and a house party at Attorney Robinson. Winifred said Gray courted her for seventeen years and kissed her, believing marriage until she learned he wed another.
Berlin reports the dancer Ja Papimtada, 23, died on the Apollo theater stage in Düsseldorf after completing a fourteen to fifteen minute routine. The audience, believing a faint, dispersed as the manager announced the tragedy. Her death occurred instantly, ending a famous vaudeville show.
Spokane dispatch reports railroad switchmen coupled a jail boxcar to a through freight at St. Regis Vent and pulled it away with inmates including sports, fighting men and vagrants. Deputy Sheriff Tissue had left town. the car was detached and moved to Middletown before further action.
In New York on December 12 Mark Twain ridiculed simplified spelling in a dinner attended by Andrew Carnegie. He joked at Carnegie’s expense and criticized the spelling reform, calling it calamity and bloodshed across the ocean.
New York on December 12 reports a contract with Edison Co imposing a $50 penalty for a two minute delay, the heaviest yet proposed by the city. The firm must supply adequate power within three minutes after a fire alarm to run pumps from the new high pressure water mains between Chandos and Twenty third streets.
Washington dispatch reports King Oscar II of Sweden died aged 75 after a reign noted for peace and democratic outreach. Funeral plans begin as Gustaf V. ascends the throne. Oscar II left four children and a strong legacy in arbitration and statecraft.
San Francisco December 11 The disappearance of ex-Supervisor James L Gallagher a key state graft witness and the inability of prosecutors to locate him forced a postponement of Patrick Calhoun r presidents of United Railways trial until January 7.
Des Moines reports the Iowa Grain Dealers Association’s final estimate places the state’s corn crop at 249,594,488 bushels, down from 388,000,000 last year, with oats at 103,027,946 bushels, a drop of 39,000,000. The report notes 40 percent of corn is soft and chaffy.
Interstate Commerce Commission ruling held that a $2 per car livestock delivery charge to Union Stock Yards Chicago from outside Illinois is unjust and discriminatory. Defendants must implement a terminal charge not exceeding $1 per car by February 1.
Philadelphia dec 12 In a turbulent financial period numismatists attack the St Gaudens design on the new twenty dollar coin prompting the mint to halt coining The old pattern coins continue to be minted at a pace worth about 1 000 000 weekly Banks object to the high relief and lack of edge milling saying it hinders stacking Designers may revise the design and restore the legend If God We Trust as part of changes.
San Francisco reports Davis F Walker president of California Safe Deposit and Trust arrested after being found speeding south on a Southern Pacific train. J Dalzell Brown banker and Walter J Bartnett Western Pacific VP also arrested in the California Safe Deposit failure linked to $300 000 Colton estate securities hoarded in the bank by court order pending Bartnett removal suit.
Frank Kellogg of St Paul Minnesota, prosecutor in the US case against Standard Oil for dissolution, fainted during a speech at the Minnesota Society of New York dinner. He recovered after medical attendants said fatigue and indigestion caused the episode.
The Department of Agriculture puts total cotton output for 1907 08 at 15 581 968 000 pounds. Following the government's crop estimate on the cotton exchange, futures fell from 27 to 20 points with buying orders eventually recesting.
Washington December 11 Senator Gamble has introduced a bill to open about 1 000 000 acres of Standing Rock and Cheyenne Indian reservations in Schuasse county South Dakota. The plan provides for three commissioners to appraise and classify the lands within four months after appointment. An appropriation of 75000 for school lands and 20000 for appraisal and allotment work is included.
Washington reports the Senate receive several nominations from the president during a brief session. William L. Merry of California is named envoy extraordinary and minister plenipotentiary to Nicaragua and Costa Rica. Charles A. Prouty of Vermont is renominated as Interstate Commerce Commissioner. John A. is noted as Assistant Attorney General.
Governor Moll told the newly organized Lumbermen's club there has been less boodling in St Louis since earlier crooked days. He recalled past hoodling combines in the circuit attorney era and warned that crooks remain in legislative bodies while praising a higher public standard of honesty today.
Denver December 11. Buffalo Bill Cody recounts a tale of President Roosevelt seeking bear dogs. A dog owner refuses, declaring him no more than himself, despite Roosevelt’s status. The president returns to camp, amused by the exchange.
Bentonville Arkansas December 11 Colonel Samuel W Peel a wealthy citizen married his daughter in law widow of his deceased son and mother of five. He is 76 and his bride is under 40. Peel represented this district in congress from 1885 to 1893.
Light agents representing twelve life insurance companies protested against the methods of the Great Western Life Insurance Company of Kansas City in Lincoln. Auditor Searle requested them to file a written protest this afternoon.
Mrs. Louisa Maria Taft, widow of Alphonso Taft and mother of William H. Taft, secretary of war, died after a week of failing health in Millbury Massachusetts. The death was announced at 12:20 a.m. Sunday at her bedside. Taft held posts of secretary of war attorney general minister to Austria and Russia under Ulysses S Grant.
Henry Carlson, youngest son of Mr and Mrs Victor Carlson of Carroll Nebraska, died in Wayne after being taken for a leg amputation following an accidental gunshot on Thanksgiving. He collapsed while being prepared for surgery. Funeral at English Lutheran Church Wayne with Rev Ringer officiating. burial in Wayne Cemetery.
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