02 Feb 1912
Page 1
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Feb 02, 1912
Page
1
The region faces a new era as leaders prepare for economic and political changes. Officials forecast growth, investment, and reforms to spur development across multiple states and industries. Communities await the impact on jobs, infrastructure, and social programs.
A Northern and Western influx into the South signals a tipping point for agriculture industry and opportunity. Leader Don Farnsworth notes climate soil and mineral advantages, urging railroads and newspapers to publicize the South. Monroe citizens urged to unite, work harder, and seize momentum for industrial progress.
Tonight fair with frost likely. Saturday fair and warmer conditions expected with light winds.
The last Black resident of Carroll County, known as Uncle Peter McCord, has sold his small Ozarks farm and moved west to join former companions from his boyhood. White attitudes in the area left few Black families in Benton and none in Carroll, prompting his departure after years of toil.
John McAdoo a Hicks Company cigar salesman shot and slightly wounded John J Dailey in the New Orleans post office corridor while Dailey and Mrs McAdoo sought a letter. Dailey and Mrs Dailey are jailed as material witnesses. McAdoo is out on bond.
The Stag Pool Room moves to the building's second floor in Monroe with four large front plate glass windows. J C Luckett of Vicksburg hired as manager to elevate pool and billiards. The remodeled space features two billiard tables six pool tables, a reading table, stationery, newspapers, magazines, and lounge chairs in old mission style. Princess Theatre Orchestra provides music from 7:30 to 11. Light refreshments served as Spencer Bourke and Luckett invite the public to attend.
Failures and deaths linked to market turmoil surface as cotton futures in New Orleans show sharp moves. The report notes alarming price swings and investor losses tied to the volatile cotton market.
New Orleans reports Charles I. Finley of Simpson Finley brokerage shot himself at the Louisiana Club shortly after news of the Simpson Finley firm failure circulated at the New Orleans Cotton Exchange. The exchange noted the second broker death in two days amid rising futures prices. Futures advanced early trading with bulls and bears heavy buying, while spot demand remained strong.
New Orleans on February 2 reports the death of Joseph W. Hyams, longtime general agent for the Southern Pacific and former Speaker of the Louisiana House of Representatives.
The British submarine A 3 sank today after hitting the gunboat Hazzard off the Isle of Wight. Eleven crew members were drowned in the accident near Portsmouth.
The $60,000 damage suit filed by Miss Zula Mize against the Huckins Hotel Co. and others was withdrawn after a signed statement by Joseph Huckins, president of the Huckins Hotel Co., denying the alleged slanderous statements. The statement, sworn before a notary, says Mize was a guest, conducted herself properly, and left of her own accord. Her father L W Mize of Monroe Louisiana and attorneys brokered the settlement and plan to return her home.
Railroads of the country report enormous profits as express earnings surge. Officials credit volume, demand, and favorable freight rates amid economic conditions shaping year’s results.
Interstate Commerce Commissioner Lane heard testimony on express versus freight rates from Chicago to 29 major points including New Orleans. Railroads earn over 60 percent gross profit on express business, with express service about twice as fast yet more than three times the first class freight rate. The hearing probes if express rates are just and reasonable under the law, with expert C. W. Hillman detailing railroad profits.
The Racket Store run by The Messrs. Smith proclaims huge savings with 5 to 15 cent value for 10 cent goods as cotton prices drop. Monroe crowds surge as ten day sale continues during remodel of Knights of Pythias building. Extra clerks keep up cash flow with broad discounts and strong early sales.
Minnesota hearing exposed that Great Northern and other railroads extract about 55 percent of express gross receipts via their owned express subsidiaries. Testimony cited 61 percent gross profit and 36 hour Chicago to New York express, with railroads taking large divisions from the express agencies.
Rumors in hotel lobbies claim a possible extra session of the General Assembly in New Orleans. Reported motive includes adopting a commission form of government while masking a move to help Governor Sanders seek the Senate seat to fill Thornton’s term to 1915.
A campaign group urges Congress to address rising living costs with a comprehensive message outlining policy steps. The effort cites wage stagnation and inflation pressures, calling for targeted relief and long term affordability measures.
President Taft urged Congress to authorize an international conference to study the high cost of living and invited nations to plan a global inquiry. He also called for a Federal commission to investigate industrial relations in the United States and inform public opinion to spur reform.
Fort Worth reports the chief prosecution witness Howard Throckmorton died last night after being found unconscious in a hotel. Doctors suspect liquor poisoning and the grand jury will examine whether the liquor contained poison. The trial is not expected to resume before tomorrow or Monday.
Edinburgh Feb 2 Much interest is shown in the three cornered race for the world's championship between Longboat Kolehamainen and Holmar to be run tomorrow over the Powderhall course. It is a fifteen mile event with stakes of 125 dollars a side and a gold medal emblematic of the world's championship.
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