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Newspaper
Monroe Weekly Times
Location
Monroe, Wisconsin, United States of America
Date
Mar 08, 1900
Page
4
Reports from London and across Britain recount nationwide jubilation at the relief of Ladysmith. Crowds cheered in streets, flags flew everywhere, and the queen and city officials sent congratulations to Generals White and Buller.
The commission urges transparency for promoters and organizers of corporations, requiring disclosure to investors and regulators. It calls for audited, detailed financial reports under oath, open director records, and safeguards against misuse of property. It seeks Interstate Commerce Commission powers to regulate accounts, publish rules, and impose fines rather than imprison officials. Kent Lorimer backs most points but delays some transport corporate provisions pending additional testimony.
New York March 2 A slight advance was noted in some government bonds due to demand from out of town banks seeking refunding into new two percent issues. One banker bought over a million dollars for out of town banks and reported fresh orders. Predictions vary on the net range of bank valuation from 840,080,000 to 300,000,000. Several state banks consider converting to national banks to profit from the law, with one banker aware of more than 25 such institutions. A bank is promoting to state banks the benefits of the refunding measure and offering to act as agent to secure bonds.
Record of severe flooding and snowmelt causing widespread damage across Penneg loca tions and adjacent coal regions. Industrial suspensions hit, including a large coal mine shutdown. Notable deaths and a wave of arrests and legal notices fill the unrestful aftermath.
Reports from Osfontein and Ladysmith detail Lord Roberts facing 5,000 to 6,000 Boer defenders with attempts to slow his advance. British troops endure halted rations as supplies arrive, with reinforcements and a theatre of operations expanding along the front.
Chicago endures the heaviest snow in the weather bureau era with 34 inches by Wednesday midnight. Travel slows as streetcars, trains, and stock movements stall. Stormwide from Omaha to Milwaukee, Indiana to Illinois shuts schools and disrupts utilities. Michigan reports ten to eighteen inches in several cities.
In Pittsburgh on February 28 1910 a wage increase of about 42 percent was announced for 18000 coke workers in the Connellsville region with Fricke Coke controlling 14000 of 19000 ovens. The rise will apply to plants now building with 26000 new ovens since the first of the year and will affect between 25000 and 30000 workers directly or indirectly once in force.
Bradstreet's notes weather delaying spring development and dampening demand while cotton and metals stay firm. Railway gains persist though future transportation outlook dims. February commercial failures at a low rate with six banking failures totaling 20,121, and a few large manufacturing collapses. Overall, conditions show healthful underlying activity with fewer failures than last year.
Washington March 3 Secretary Root left Washington for Cuba with Mrs Root Miss Hurt Edward Root and others. A special car carried the party toward a two week trip with a stop in Tampa and Tayana to meet General Ward and confer on urgent Cuba questions amid evolving tensions and decisions.
The Sacred College presented Pope Pius IX with congratulations on reaching his ninetieth birthday in the Sistine Chapel. Cardinal Oregentin read a short speech as the pontiff pledged to dedicate his remaining days to serving the church. He urged prayer for peace to end the bloody African duel and asked all to concord daily.
Dispatches from Manila and surrounding areas describe ambushes by insurgents near San Fernando and a raid on a provision train, with casualties and captures. U.S. forces, including Third Cavalry, respond as enemy intrenchments are revealed and a wider engagement looms. Naval transport Alava transfers prisoners to Rugay amid guarded conditions and added Marine protection.
Fort Dodge Iowa March 2 a large Boer war fund sent by J W Hinchan of Algona via United States postal money order to Tuni Krueger Pretoria has been returned by the post office department with the note that the department cannot certify the order for payment to either the Free State or the Transvaal. The decision affects Boer sympathizers across the United States who have donated funds. The state department previously allowed funds for sick or wounded without violating neutrality but officials have reconsidered. Hinchan retains the money and seeks a channel to remit without breaking neutrality laws.
March 2 reports show Guthrie appealing to Washington for more force to edit the Daily Capital during the week of March 8 led by Ray To Shelton. Orders for the paper flood in from across the union and world with thousands of copies requested, and other papers consider republication.
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