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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 23, 1913
Page
1
Analysts predict easier money conditions in the domestic market following January performances. Easier access to credit and potential rate adjustments are expected to ease borrowing for businesses and consumers.
New York reports indicate easier money conditions may follow after New Year as domestic banks show growing cash, larger surplus reserves, and favorable signals from European central banks. Analysts expect lower discount rates and easier credit with the turn of the year, supported by substantial gold movements and interior deposits.
Readers may request free copies of the Progressives edition by visiting The News-Star office. Call to supply wants for national distribution. no cost involved.
The text compares near term money flows with 1912 figures and notes repeated heavy loan increases in New York banks toward late January and February. It also lists boxing match results including Ad Wolgast vs. Jack Redmond in Fond du Lac and George Chip vs. Frank Klaus in Pittsburgh.
The trial of State Senator Rush Hobbs proceeds as prosecutors introduce a telephonic device as key evidence. Defense questions the device’s relevance and calls for further expert testimony to clarify its reliability and connection to the case.
In Vicksburg on December 23 two stenographers testified in the Hobbs bribery case. They said they recorded telephonic records of Hobbs and Castleman's talks at hotels in Vicksburg and Jackson. One witness recalled Hobbs trying to pull Castleman from a room to discuss a proposition, but Castleman refused and the talks ended after midnight without an agreement.
By Associated Press New York Dec. 23 The usual Christmas bonuses will be given this year by most employers on Wall Street after a shift in sentiment from the Currency bill and the settlement of the telephone case.
New York prepares for large scale Christmas dinners for the dispossessed. The Salvation Army aims for 25 000 meals and the Volunteers of America 15 000 to 20 000, with many churches and groups contributing. The Bowery homeless dinner will proceed at the old headquarters on Christmas morning, despite the death of “Big Tim” Sullivan. Congressman Loft supports the event and will cover the bill.
In Columbia South Carolina on December 28 merchants funded a large Christmas dinner for former slaves in the city and nearby areas. Organizer Uncle Charlie Jaggers arranged baskets to be delivered to homes. He rejected a central dine-in plan to avoid crowding and ensure older guests are treated fairly.
In Vicksburg on December 23 reports cite telephonic evidence in the trial of State Senator G A Hobbs. Stephen Castleman testifies of paying Hobbs 200 as part of a 2900 bribe for votes. Hotel manager W L Jones supports timing of the payment but could not identify the contents. Cross examination continues with two sessions daily to finish the proceedings.
Testimony places Hobbs pressuring for money at a Jackson hotel to fix sixteen to eighteen Senators. Douglass testified that Bilbo would comply and that Hobbs promised to back his claim with a note for the amount as proof of good faith.
Harrisburg Ark December 23 A petition for a saloon license at Marked Tree asks a 20000 year fee up from 5000 the petition reportedly has a large white adult backing It is noted liquor advocates circulated petitions prompting a higher license The Deckerville petition is to be considered with no expected opposition and a Fisher petition is circulating The liquor question will be discussed at the January term of Poinsett County Court.
Washington reports Census Bureau figures showing the 1913 US cotton mill consumption was the highest in history and domestic cotton goods exports exceeded all prior years, with 54 percent exported.
A Monroe report describes local citizens sending food and goods to the institution. Grayling Lumber Company delivered groceries including flour meat sugar and more. Presbyterian ladies provided fruit and other items. King’s Daughters and American Rescue Workers plan a Christmas dinner for the poor at Jackson and Grammont streets. The steamer Clipper arrived from New Orleans with cargo. Mr N E Calhoun visits Monroe.
All barber shops in the city will stay open until 11 p m Christmas Eve then close for the day Christmas according to F G Carpenter financial secretary 23 21
A currency bill cleared both chambers after tense debate, sending the measure to the president for signing. Lawmakers argued over inflation and economic stability as the legislation moved toward enactment.
President Wilson plans to sign the currency bill with two gold pens and depart to Pass Christian for a three week vacation after the Senate and House approved the conference report. The vote totals reflected strong party support with only a few dissenters.
House leaders hailed the compromise as a hard won victory while critics like Hays and Murdock faulted the measure for granting the government control over notes and for aiding agricultural credit. Underwood praised the outcome and predicted broad support from banking interests as holiday visitors and locals move through Monroe society pages.
The Monroe post office processed 2300 parcel post packages yesterday with 63 mail sacks, 248 insured. Over $8000 in money orders paid that day. only 7 packages remained undelivered at close. An office inspector praised the local force for efficiency.
Mr Anthony F Blanks a former Monroe boy and former city school teacher will headline at the City School Auditorium tonight. He has gained a reputation as an impersonator since leaving Monroe and is sure to draw many of his friends to the crowded venue.
Mr. W. J. Huffman of S06 Louise-Anne avenue was held up last night by two masked assailants on Sixth Street between Grammont and Oak. The men, armed with pistols, took $26 in cash and a four pound fruit cake. Huffman could not determine their race.
Sig Haas Sons will move into the corner store at Second and DeSiard streets about February first occupying the corner space and leasing the adjoining room. A partition will be built through the building as the Boston store retires before the move.
Federal authorities struggle to restore calm as the Bank of London and Mexico faces a mountain of withdrawals. Depositors pull 17 million pesos over several days, with 14 million since last Tuesday, as Huerta’s decree grants banks holiday powers to curb panic and resume operations.
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