Attracting New Capital Investments Casts Bright Prospects
A regional brief notes efforts to lure new capital by offering strong inducements. Investors weigh opportunities as municipalities compete for business.
18 Feb 1910
Page 1
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Feb 18, 1910
Page
1
A regional brief notes efforts to lure new capital by offering strong inducements. Investors weigh opportunities as municipalities compete for business.
An editorial urges unity to attract capital and new industry to Monroe and North Louisiana. It highlights Louisiana’s natural advantages, notes New Orleans as a gateway to trade, and calls for improved schools, roads, ethical public leadership, and modern business practices to spur investment and homeseekers.
Tallulah Feb 17 Drainage districts in the parish surveyed by US engineer A E Morgan. District 1 led by G P Blair has begun work on Canal bayou with a dredging barge and steam shovel planned to remove about 850000 cubic yards at 12 1 2 cents per yard draining 30000 acres. District 2 at Mounds will start soon as surveys finish.
The article pleads for loyal citizens to contribute to Monroe's growth, emphasizing the need to counteract fading characteristics and ensure the city's place among progressive towns. It calls for collective efforts to improve prospects and public welfare.
Washington reports Senator Tillman unconscious and near death as doctors diagnose a slight paralysis from brain vessel calcification. Rest and quiet are urged, making him unable to take part in any serious work this Congress session.
Federal grand jury investigates the so called beef trust asking how many independent packing houses exist and their share of the meat business. Patrick Brennan and James S. Agar have been summoned as evidence is heard on competition among independents once protected by Judge Grosscup's 1903 injunction.
An unnamed Louisiana man identified as L A Shaffenberg of Hen committed suicide in Vicksburg, according to a brief local report.
Production cannot keep up with increased sugar consumption as output lags behind demand. The note records higher consumption pushing prices and prompting calls for policy or supply adjustments.
J A Shaffenberg of Henderson Louisiana was found dead in his Hotel Carroll room in Vicksburg with a self inflicted wound after a social outing. He was to leave for New Orleans and had German origins but long residence in the South. In Crete a severe earthquake shook the island with underground explosions damaging buildings and burying six people in a collapsed house.
R B Hawley of Galveston Texas president of Cuban American Sugar Company discusses sugar's role in the cost of living. He notes rising consumption and a supply gap, citing limits in Porto Rico Hawaii and Java where land and government controls restrict sugar output. He suggests higher prices as a solution to balance supply and demand.
In Santiago Chile on February 18 Dr. Frederick A Cook finally acknowledged his identity after days of denial. He had been in the city for some time and repeatedly claimed he was not Dr. Cook when questioned.
Memphis Tenn February 18 nine degrees above zero marked the coldest day of the season in the city as residents faced frigid conditions and freezing temperatures throughout the day.
A discussion notes 28 million inhabitants and beet growers in Europe affecting US output. It cites rising consumption outpacing supply, asks how to expand world sugar supply at current prices, and claims Americans pay 5 cents a pound the lowest in the world aside from Britain. It mentions Cuba and Java as sources with limited current shipments.
The Laymen's Missionary Movement concluded in Shreveport with 500 delegates and a pledge to boost foreign mission support from 2936 to 5060 dollars. Dr Samuel Capen, Rev S J Porter, and Rev Wills Hotchkiss spoke on tracing facts God’s call and light on Africa as the policy was adopted.
A large mob in Cairo gathers to punish a purse snatcher after he is seized by bystanders. Police intervene to restore order as crowds threaten violence. The environment grows tense near the scene with onlookers and officials weighing charges and safety.
Cairo Illinois February 18 Militia patrol the streets after an attempted lynching of several prisoners. Eight of the deputies who fired on the mob were black. Alexander Halliday son of former mayor was killed. His body lay on jail steps hours before removal at four this morning. Sheriff Nellis restricted access to the body.
The Wall Street Journal notes no recession in the South with banks seeking more funds, a robust mercantile sector, and preparations for spring and summer. Cotton wealth and land price gains spur farm expansion, labor, equipment demand, and new building projects across Georgia, Tennessee, and nearby states.
Government thermometer dropped to 16 degrees above zero, the coldest reading of the winter. The previous record low stood at 19 degrees.
In Cairo Illinois on February 17 a 200 strong mob attacked a jail to seize negro purse snatcher John Pratt. Twenty deputies and militia fought back with two mob members shot and several wounded. Pratt was arrested and indicted shortly after a mob-linked notice by relatives of Annie Pelley.
Washington reports a prominent newspaper man travels to Africa to meet Theodore Roosevelt and urge him not to endorse the Taft administration. The plan is to influence Roosevelt before he returns from the Nile as political leaders weigh his possible stance on Taft and the Republican Congress.
Bob Smith the laugh maker headlines a Monday night performance at the Elk’s Lab under auspices of the King’s Daughters. Event details are sparse with a date listed as February 21.
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