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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Apr 07, 1908
Page
7
A new reconstruction plan for Westinghouse Electric and Manufacturing seeks to end mortgage bonds, cut stock subscription to 6 million, issue 10 million in new stock with 4 million covered by creditors, and allow subscriptions over ten months led by the Merchandisers and Readjustment committees with key stockholder leaders named.
The Mexican government said details of exchanging securities of the Mexican Central and National Railroad Companies for those of the merger company would be published Wednesday in New York and other capitals. Holders must deposit securities by May 1 1908 at specified cities. banks listed as readjustment managers will issue proper certificates. Applications will be made to the New York Stock Exchange for quotatio n. The plan has government and directors approval.
The Bush Terminal Company posts 1907 earnings with gross receipts of 1,014,517 up 729,992 from 1906. Expenses rise to 415,574, leaving net 599,743. Surplus 169,957, up 26,551. Irving T. Bush notes New York City waterfront takings will benefit the terminal and freight capacity. Drake denies affiliation with the L. Witsenhausen Company and says his name was used without permission.
New York Central reported February earnings of 16 045 587 a drop of 516 575 and net warnings of 845 771 down 141 188 Similar results were shown by most New York Central lines as expenses rose reducing earnings. figures reflect a period with lower revenue and higher costs across the system.
Mrs Ada Rosenhaim of the Bronx swore out a warrant charging her husband Patrolman Harry Rosenhaim with deserting his family and eight month old baby. He has been missing since Thursday after taking clothes and a purse, leaving his badge with authorities. Police state he recently joined the force two months ago and was on sick leave last week.
On April 6 many factories resumed full or extended operations. Lawton mills in Plainfield and other Eastern Connecticut plants, with about 2,500 workers, returned to full time after curtailment. Naugatuck shoe and rubber departments restarted after idle periods. National India Rubber Works in Bristol reopens after a three week shutdown, with about 1,400 workers. Niantic Manufacturing in East Lyme begins overtime tonight to fulfill orders. Boston and Maine Railroad shops in Concord shift to a four day week at nine hours per day, affecting 730 workers, double the prior reduced hours.
The Lake Superior Corporation held its annual meeting in Jersey City. Charles D. Warren was re elected president as Philadelphia interests gain control with Francis Reeves named first vice president and John Terry as secretary and treasurer. Directors elected include Reeves Hay Liegd Hinchman Tatnall Lea Terry Lovell Warren Drummond Wilson Smith Targinson and Sheppard.
The First Children's Farm under Mrs. Henry Pee in De Witt Clinton Park Eleventh Avenue between Fifty-second and Fifty-fourth Streets attracted 400 enrollees by noon after a Saturday flag raise. The private charity plans for 1,000 plots as sixty amateur farmers work in shifts with 200 waiting.
Washington dispatch lists several changes in duty assignments and detachments within the Coast Artillery Corps and General Staff. Capt. M. Seaman joins the Artillery Board, Capt. Kilbourne is relieved, Capt. Koehler is relieved from the Coast Artillery, and Lt. Col. C. To Satan G Ninth Cavalry gains one month leave. Also noted are detachments to Mare Island Navy Yard and Puget Sound, with rapid telegraphic reporting to the Adjutant General.
Ships Pantias Powhatan Paducah Perr au Prince Albany Mare Island Tennessee Washington California Port Angeles Abarenda Sailed from San tena Pay Sioux to Boston for Magda 1 New York and other entries in navy notices.
A committee including A. J. temphitl George FE Maxwell Hamil F Penjamin and George L Wrenn was named to protect preferred stock interests of Toledo and Trenton Railway with G Company named depositors FL Heptiard secretary and Bustice Conway counsel At Panama Railroad Company annual meeting Lieut Cal H F Hodges elected director to replace Gen Peter C Haines Hodges is purchasing officer for both the Panama Railroad Company and the Panama Canal Commission.
Chairman Timothy L. Woodruff of the Republican State Committee demands loyal Hughes men for delegates at large to the National Convention in Chicago. He favors a committee from each district to pick delegates, with four named candidates noted as likely selections. The State Convention meets at Carnegie Hall next Saturday at 11 o'clock and assembly districts vote tonight while district conventions Thursday name nominees for the national delegation.
Local and county Republican gatherings across Cortland Norwich Belmont and Alleganyville instruct delegates for Gov Hughes for President and renominate Dwight for Congress. Cortland endorses Dwight. Alleganyville renominates Jesse Phillips to a ninth Assembly term and backs Dr. George H. Witter for State Senate.
A Williams College Republican caucus in Jessup Walk named Taft as the leading candidate by thirty seven votes with La Follette Cannon and Knox also on the ticket. The Democratic convention follows tomorrow and the general election is set for April eighteenth. Two fifths of the Williams students originate from New York.
Hail to the 1908 auto styled Brill garments hailed as progress beyond store clothes. Brill offers over 120 models and 560 fabrics from leading tailoring houses with suits spring coats and Cravenette raincoats priced 15 to 45 dollars.
Secretary of War Taft spoke at a McKinley Club banquet in the Auditorium Omaha on April 6 replying to William J. Bryan’s criticism of McKinley and Roosevelt policy in the Philippines. He defended U S self government for Filipinos and addressed railroad legislation and trusts. The hall held 6,000. 1,200 at banquet tables listened as Frank Crawford Gov. Sheldon Howard H. Baldridge Gen. John C. Cowin and William Allen White spoke amid five minutes of cheering.
Special to The New York Times reports Gov. Fletcher D. Proctor of Vermont will not seek the U.S. Senate seat next fall to fill the vacancy created by the death of his father, Redfield Proctor. The announcement was made in Rutland on April 6.
An editor of La Questione Sociale accuses a chain of officials from the sergeant to Mayor McBride and President Roosevelt, with Rockefeller behind Roosevelt, of orchestrating the suppression of the anarchist publication in Paterson New Jersey. The mayor orders another issue banned in the city.
The Rev Dr McDonald of Washington Avenue Baptist Church spoke to the Baptist Ministers Association at Madison and Thirty-first Street about the Emmanuel Movement and its methods. He described three cases including a drunkard, a delusional woman, and a fearful woman fearing leprosy, all claimed cured after treatment.
The Public Service Commission received engineer reports from Bridge Commissioner and Prof. William H. Burr of Columbia declaring the Brooklyn Bridge safe for trains of six motor cars. Inspections led to replacements and corrected misfitting parts, improving the structure to a condition never better for traffic.
Peter J. Stumpf Assistant Commissioner of Public Works under President Haffen testified at the Haffen inquiry before the Commissioners of Accounts. He stated as Alderman he introduced the resolution urging the city to buy Hunt's Point Park, and argued the sewer into the Sound at that point would not affect the site's usefulness as a bathing place.
Controller Metz announced Thomas J. Drennan will be Deunty Collector of Assessments and Arrears in Brooklyn, succeeding William F. Melody who was removed last week. John Tamilton was named Auditor for the Finance Department. Both are McCarren men.
A spokesman for ex Senator W A Clark dismissed reports he planned to sell his Montana copper mines to the amalgamated Copper Company. He said now is not the time for such a sale and the matter is not under consideration.
Kneeland, Files & Reese file suit in the New York Supreme Court against Count Pedrazza for 124 985. Col Edward Fowler, port director, alleges payment by Lord William Armstrong on a bill of exchange drawn in Fineland and assigned to Fowler. Interest from Jan 15, 1907, is claimed as part of the recovery.
Benno C. Samuel a wine merchant of 686 Greenwich Street failed to answer for jury duty before Judge Mulqueen. He sent a note saying business pressure prevents service and he cannot afford to give time possibly $100. The judge ordered a fine and another court appearance to present a reasonable excuse.
The United States files against Great Northern Railway under the Elkins anti rebates law alleging rebates paid to American Sugar Refining Co in 1902 for shipments to Sioux City Iowa. Trial before Judge Holt with a jury began yesterday as both sides rested on agreed facts.
The National Bank of the Republic in Boston closes its doors and is to be liquidated by the National Shawmut Bank. The institution with a capital of 1.8 million dollars and deposits near 15 million ends its operations, a surprise to local business leaders.
Thomas Healy, longtime tenant of ten years, signed contracts yesterday to buy the northeast corner property at Columbus Avenue and Sixty-sixth Street. Healy purchased from the T Barney estate for 350000 dollars.
Seasonal sale offers embroideries at 20c to 98c per yard with yardage deals 0c to 49c. Allovers priced 75c to $1.50, plus 59c and 69c per yard. Cambria Nainsook Swiss designs highlighted. 27-inch open work flouncings show floral embroidery. Some 18 and 97-inch flouncings reduced to 49c per yard. some soiled and short lengths. Main Floor Central Building.
A fragmented list of songs, duets, and band pieces with performers Ada Jones and B Murray among others. It notes titles like Dream of the Mountains and Under Any Old Flag at All, plus references to Merry Widow era orchestra, banjo medleys, and violin solos. Advertising lines mention Edison Phonographs with payment plans and a West Building location.
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