Bankers and Their Ladies Enliven Hotel Functions
Five hundred attendees fill the Moline hotel for the first session field as bankers and their companions mingle at social functions amid a busy opening day of meetings and events.
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Newspaper
Moline Review Dispatch
Location
Moline, Illinois, United States of America
Date
Oct 11, 1907
Page
5
Five hundred attendees fill the Moline hotel for the first session field as bankers and their companions mingle at social functions amid a busy opening day of meetings and events.
Judge Wade explains currency reforms sought by bankers commission and urges cooperation amid reform debate.
Festus J Wade of St Louis outlined at the state bankers convention a plan for elastic currency. He proposed allowing solvent banks to issue currency up to 40 percent of outstanding notes with a 3 percent annual tax and an emergency tranche. The scheme aims to fund gold deposits, reduce dependence on bonds, and shield banks during war or financial stress. Wade argued the current system unfairly binds banks to government securities and urged bankers to back reform.
Bridge construction from Rock Island to the Arsenal is about half finished with completion unlikely by the November 15 limit. A Y Bayne of the contracting firm says at least one sidewalk and flooring for teams will be in place by then. Cement work proceeds on floor over railroad tracks with brick paving to follow. labor shortages hinder progress despite high wages.
Engines from the Silvis shops are hauled to Kansas City for Missouri division use. The best among three will pull the California Special over the Missouri division. Dozens of engines sit for repairs, with 55 awaiting work as thirty boilermakers run eight hours a day. Projection says nine-hour shifts and full staff resumption are months away.
Real estate transfers across Rock Island Moline and surrounding areas list numerous lot and tract trades with values from 500 to 2100 dollars dated October 3 and 4. A social note records Miss Marjorie Dividegn hosting a dinner honoring her brother Fred whose long voyage ended in loss.
Stouffer awarded masonry work on the Rock Island Brewing Co. block at Sixth Avenue and Fifteenth Street. He already held the foundation contract, and the remaining work is projected at about 36000 with 200000 rich laid in the foundation and a crew to start next Monday for about sixty days.
Henry T. Wheelock, newly appointed head of the automobile department for John Deere Plow Co in Kansas City, expresses satisfaction with his new post. The territory includes Kansas, Colorado, New Mexico, Arizona, Arkansas, Missouri, Oklahoma, Indian Territory, the Panhandle, and Texas.
George W Dow, long-time Moline resident and noted Greek scholar, died at Tri-City Sanitarium Sunday morning in his 84th year after a twenty five year health decline. Born January 6 1823 in Maine he studied at Waterville Colby Brown, taught in New England then moved west in 1856 to teach and later print inks. He belonged to First Baptist church and is survived by his widow. Funeral arrangements followed at his residence on Fifth Avenue.
Memorial readings laud Judge Parmenter as a zealous and honest lawyer and probate judge. B F Peek of Moline offered an outline of his early life, education under hardship, long legal service in Rock Island County, and unwavering integrity in public duties.
Mrs Harry E Olson has returned from a weeklong visit in Chicago. she traveled for leisure and to visit relatives and returned refreshed.
Alderman Louis Ostrom proposes an ordinance to cap Rock Island saloons at 75 licenses. The motion for immediate consideration failed, delaying formal action. City Attorney Witters notes licensing would rest with the council. Chicago’s limit model may be copied later.
Bettendorf city council reduced the saloon license from 20 to 5 dollars in a winter measure amid backlash from a new state law. The cut is understood to apply only for the winter months, with a return to the old fee likely in warmer weather. An advertisement for Hollister's Rocky Mountain Tea follows.
George H Edwards and his wife returned this morning from California where they had been visiting for several months. They spent a few days in Colorado. The trip included a visit to Milton Edwards, son of Mr Edwards, who lives several miles outside Los Angeles.
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