Wall Street on dynamite keg controversy
An international banker warns that large stock exchange loans are dangerous. His comments highlight systemic risk in leverage and funding during volatile market periods.
21 Nov 1911
Page 1
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Nov 21, 1911
Page
1
An international banker warns that large stock exchange loans are dangerous. His comments highlight systemic risk in leverage and funding during volatile market periods.
More than three thousand bankers attend the thirty seventh annual American Bankers Association convention in New Orleans. President F O Watts opens the meeting with addresses from Archbishop Blenk and local officials. The report highlights New York leading in membership and notes the proposed National Reserve Association and currency reform aims.
The author argues for a modern approach to finance that lets ranks market their notes receivable without capital loss or panic. Citing the Morocco crisis, France shows how central banks can stabilize trust by issuing notes and absorbing foreign paper, preventing a market-wide collapse.
F C Watts of Nashville speaking at a bankers convention in New Orleans called for keeping currency reform out of politics. He urged bankers and businessmen to lead a nonpartisan effort to gain public trust in the National Reserve Association and to prevent Wall Street from controlling monetary reform. He argued reform benefits the whole country, not special interests, and urged New York’s business leaders to act with democratic restraint.
New Orleans reports Paul Warburg telling the American Bankers Convention that U S banks rely too heavily on stock exchange collateral. He urges a European style system using commercial paper and bank accepts as main assets to speed liquidity and reduce losses during runs. He warns that dependence on securities causes waste and possible calamity.
An angry husband and father stalked the woods in Florida and killed the couple in a sudden duel. Police report a violent confrontation occurred near a wooded area with tragic fatalities. Identified suspects or victims were not disclosed in the available text.
Dispatches confirm a massacre with foreigners and missionaries killed by Chinese forces at San Fu. Local authorities urged calm as investigations continue.
Pekin dispatch confirms massacre claims as forty foreigners and several missionaries face killings in San Fu and Sheng Si towns. Reports cite Mrs Beckmord and Miss Beckingsdale among dead, with others missing or injured. Rebels and local officials stir instability while legations urge escape.
Middlesboro Ky reports three persons burned to death when a central business block burned today in a devastating blaze. The deceased include Thomas Ducan Elbert Campbell and an unidentified woman as investigators probe the cause and scope of the destruction.
Rumors in Illinois suggest Governor Frank O. Deneen will not seek a second term as governor and may pursue a seat in the United States Senate instead, stirring political chatter.
A party of twenty three large landholders from Pulaski and Lonoke counties Arkansas, with U S Department of Agriculture agent C W Watson, toured Monroe and nearby plantations to learn how to raise cotton amid boll weevil pressure. They were welcomed by Louisiana state agent Mason Snowden and examined local methods and equipment as part of their effort to combat the pest. The group included Mark Valentine, A N Alexander, Walter Sherrill, D T Alexander, Pink Dortch, A L Alexander, W E Caple, Conaway Scott, A W Hicks, B R Costin, Walter Alexander, Dr W H Estes, T W Steel, Earl W Frazier, L Calhoun, Heber McLaughlin, Harold Young, J E Little, J W Boyd, R C Borden, J A Billings, and M L Walt.
William J. Cummins former Tennessee promoter and Carnegie Trust head was found guilty yesterday of stealing 140000 from the Nineteenth Ward Bank. He was remanded to the Tombs as sentence awaits and expressed defiance while claiming innocence and vowing to continue the fight.
W J Rice known banker was arrested in Murray near Memphis after a long pursuit. He faced charges of embezzlement and falsifying accounts tied to the Central Bank of Mississippi, with liabilities around $60,000 and assets a building lot. His daughter was involved, and Kentucky officials consulted on the chartering of a bank near Murray.
The Huth library sale at Sotheby’s drew a sensation with a Mazarin bible selling for 29000 pounds. Auction house records were challenged as collectors bid fiercely for the rare volume.
The annual meeting of the board of managers of the Methodist Brotherhood opened in Omaha at the First Methodist Church. Prominent speakers include Dr. H. F. Ball of Denver Dr. F. N. Thompson of New York and Dr. W. A. Wilson of Ithaca New York as the two day gathering unfolds.
Government released the fifth cotton ginning report this morning noting totals of two hundred sixty nine thousand nine hundred eighty six bases ginned.
The Census Bureau reports 11,269,986 running bales ginned in 1911 up to Nov 13, versus 8,780,433 last year. State tallies show Georgia leading with 2,108,979 bales, Texas 3,478,802, and Florida Sea Island 71,199, with detailed percentages of crop ginned by state and year.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.