Year’s profits to cover record $29,240,090 fine
The report states the year's profits are slated to pay a fine totaling 29,240,090 dollars. Analysts note the large penalty will affect corporate earnings and fiscal outlook for the period.
05 Aug 1907
Page 1
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Newspaper
New Castle News
Location
New Castle, Pennsylvania, United States of America
Date
Aug 05, 1907
Page
1
The report states the year's profits are slated to pay a fine totaling 29,240,090 dollars. Analysts note the large penalty will affect corporate earnings and fiscal outlook for the period.
Washington observers expect a two-tier appeal on the legality of the conviction and the alleged excessiveness of the $29,000,000 fine. The case may reach the Supreme Court with Standard Oil facing a long fight to overturn or reduce the penalty.
Judge Porter delays judgment in several cases as Receiver W R McKee of the New Castle Amusement Co asks authority to lease the Coliseum for fifteen dollars daily, with ten dollars net profit after operating costs. Other actions include a nolle contendere plea to liquor sales, guardianships, and real estate permissions.
Congressman Ernest F. Acheson announces another run for Congress representing Pennsylvania’s Twenty fourth district. He was reelected after a hard fought victory and has since intensified his legislative and state political activity. His stance hints at lessons learned from the close call last fall.
Eye specialist Dr C A Curl will travel to Chicago to pursue a post graduate course at McCormick college and plans to reopen an office in the Lawrence Savings and Trust building after his return in September.
Death record notes Elizabeth A Neely in Plaingrove township and Arthur P Ringworth of 6844 West Washington Street. Details show two individuals connected, with residential address for Ringworth.
A violent incident or disaster led to many fatalities, with reports indicating widespread fear and immediate collapse. Authorities are investigating, and rescue efforts continue as details emerge about the scale of the casualties.
A passenger train plunging from a bridge into the Orr river near Angers results in at least forty deaths and many more missing. Panic amid the wrecked cars caused passengers to jump into the river, with rescue efforts under ministerial supervision continuing as officials investigate bridge neglect and rust.
Benjamin Reed of the East side was discharged after a serious charge brought by Miss Margaret Vogan before Alderman Ranney. Vogan failed to appear at the hearing and the suit was discontinued, with claims that the charge was unwarranted.
Portland Maine August 5 Commander Peary departed for New York via Boston and said he will sail on the Roosevelt within days. He asserts he will reach the north pole in three months.
About 1,200 Korean soldiers formed two battalions and held fast in mountain fastness behind Seoul, breaking Japanese lines to avoid disarmament. They fear joining mutineers or becoming roving bands as casualties mount with 11 officers and 96 men dead and over 100 wounded. Civilians killed in searches. Japanese control of barracks and city quiet. The emperor cut off from his father and world. Japanese officials appointed. foreign affairs under Japanese government per treaty terms.
A Sunday rear-end collision at Niles left 26 men riding a flat-car uninjured as they jumped to escape the impact. No injuries were reported and officials began an inspection of the rolling stock and track conditions.
In Concord New Hampshire on August 5 a letter from Mrs Mary Baker Eddy to her son George W Glover was said to offer a peace settlement. Glover acts as next friend in the Eddy suit and counsel dismissed the Deadwood report noting Glover knew nothing of any proposed settlement.
The Mahoning Bessemer Pig Iron association plans to erect a new steel mill at Youngstown soon, signaling expansion in the regional iron and steel industry.
A girl, 15, and her companion were fatally shot in a case under investigation. Police reported the incident details are under examination as investigators pursue leads and possible suspects.
Miss Anna Markowitz is dead after being strangled and assaulted near the Soldiers' Home in Dayton. Abe Cohen lies wounded as police suspect a connected spree of crimes. Jacob James and Bertha Markowitz are kept in separate jail apartments as Coroner Schuster probes possible involvement. Investigators seek the whereabouts of Dave Curtis, linked to the Dona Gilman case.
Miss N. A. Black 35 a Pittsburg school teacher lay near death at Saw yer Sanitarium after a week trapped under hay in a barn. While hundreds passed nearby she dug free and was found outside the barn nearly starved and unable to move following a wandering departure during a nervous illness.
Daniel Jones of Greenville fainted Saturday and fell onto a picket fence, injuring his neck as the paled fence punctured him. he may die.
Gov Albert B Cummins of Iowa praises Judge Landis fine on Standard Oil as commensurate with its wealth and proper He notes Adam would need $450 daily to reach a billion dollars and jokes about household expenses and Eve's mother hubbard purchase.
United Mine Workers declare Pittsburg Coal company unfair while the firm calls the miners unreasonable. About 15,000 miners seem poised to strike as union president Feehan cites weak local organization and lax oversight, and the company denies wrongdoing. The dispute is expected to peak soon.
A Pittsburg report outlines a case involving white slave traffic conditions. Authorities investigate alleged coercion and exploitation amid local inquiries and legal actions.
William D. Haywood arrives in Denver with John H. Murphy and party. Murphy in critical condition from Boise trip, may live only a few days. Mayor declines a public welcome due to lateness. future celebration depends on Haywood. Possible rift with Moyer may halt planned union demonstrations.
Thomas P. Jones found Benjamin McKee in his home with his wife on a Saturday night. He chose to involve law rather than vigilante action and filed a serious charge before Alderman Ranney. McKee was arrested and jailed for a Tuesday hearing.
In Jackson Mississippi on August 5 Governor Vardaman refuses to accept the primary loss to John Sharpe Williams. Unofficial returns show Williams with a 1000 vote lead while Vardaman and his backers expect the official canvass to confirm the nomination. The final outcome remains unsettled pending the official tally this week.
A Western Pennsylvania report notes a show bridge event tonight and likely Tuesday, detailing scheduling and local timing. Public notices indicate venue and possible performers, with emphasis on timing and regional impact.
A fragment mentions a preacher of holiness amid a bad mixup involving sin. The readable text suggests confusion or error surrounding religious instruction and moral conduct in a church setting.
The Rev. B. W. Huckabee of Peniel Texas and Mrs. J. A. DaFoe, a leading holiness figure, are implicated in a Denver scandal. Details recount rooming, secret meetings, and a split in the Holiness Lodging House with DaFoe resigning as superintendent. Huckabee reportedly aided by sending a missionary to Peniel.
In Newport News Virginia, the gasoline launch Greyhound was struck by a barge near the exposition grounds. Four Garrett family members are missing and presumed drowned while two others were rescued by the excursion steamer Montauk.
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