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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Apr 21, 1908
Page
2
The Grand Jury scrutinizes Metropolitan Traction and related lines over stock exchanges mergers and alleged insider profits. It finds no criminal acts, cites state taxation and subway competition as causing losses, and details transfers and political payments tied to past contracts.
In a Municipal Court suit by Emanuel Weill and Minnie Weiler against the New York City Railway directors, stock losses are blamed on statements by the company. Evidence includes minutes noting a 1899 contract with the American Air Powers Co and alleged curb selling by directors who later bought back cheaper, to be proven. The case was adjourned to Monday.
Aurel Batonyi, with deputy and writ of replevin, sought return of eight horses and other items from Two Mile Corner Farm, owned by his wife near Middletown. A second confrontation yielded only items not inside the house amid firm opposition from Mrs Batonyi’s agents and staff.
Bryan travels to Trenton and New York meeting Democratic editors and state leaders amid talk of Roosevelt's renomination and a possible anti-snap convention. He denies directing delegates, predicts Chicago convention turmoil, and plans speeches at Taylor Opera House Cooper Union and other venues.
The United States Commerce Commission reports twenty seven killed daily on railroads. Ocean Insurance offers weekly indemnity up to 50 dollars for 200 weeks with annual premium 25 dollars. Ocean, founded 1871, claims over 25 million dollars paid. Agent E B Quackenbush 92 William Street New York.
Governor Hughes signed a banking bill transferring liquidation authority from the Attorney General to the State Superintendent of Banks. The Superintendent gains powers akin to the Federal Controller of the Currency for national banks and may halt or permit resumptions of business under specified conditions. Liquidation is to be conducted by deputy superintendents.
Albany April 20 with only one nay from Cuvillier Democrat New York the O Brian Anti Bucket Shop bill passed the Assembly. The measure makes most securities and commodities trades felonies unless both parties intend a Bona fide purchase and delivery. Penalties include 5000 dollar fines for corporations and up to five years imprisonment or a 1000 dollarfine for individuals.
Albany April 20. The Assembly approved a measure giving the Governor power to appoint a committee to probe how justice is administered in New York City police courts and the Court of Special Sessions as well as inferior criminal courts in Buffalo and Rochester.
The Public Service Commission in the Second District grants New York Central and Hudson River Railroad Company permission to issue first mortgage 3 percent bonds totaling 4 million dollars and 4 percent debenture bonds totaling 20 million dollars.
Albany April 20 The Assembly passed a concurrent resolution introduced by Senator Travis. It exempts bonds issued by cities for self sustaining improvements from the debt limit when revenue from the improvements covers interest. It also provides for principal restitution by payments into the sinking fund.
The New York Times report states that on April 20 the Albany Senate moved the Armstrong bill to third reading. It would authorize a committee to select a site for a state training school for boys replacing the Randolph’s Island institution.
Wallace H. Ham once treasurer of St. Pauls Church and manager at American Surety died in State Prison Hospital after serving four years of a 15 to 20 year sentence for larceny of 1500,000. Ham, prominent in Episcopal circles and Boston business, met his end due to mental and physical decline.
At a special Bar Association meeting last night the Executive and Grievance Committees presented their inquiry into Magistrate Otto H. Droege. The group unanimously resolved to seek removal before the Appellate Division of the Supreme Court and to appoint a Bar member to act as Droege's prosecutor.
In Memphis Tennessee on April 20 a racial clash between white and Black children ends with the death of Selah Gordon a Black woman and mother of one child. Mrs James Wright a White woman and mother of three children in the quarrel is held by police accused of shooting Gordon and pleads self defense.
A steamer named Main towing the barge Erama E. Tyson from Ashtabula is reported afire ten miles out in Lake Erie. Ten crewmen are aboard. The Main was en route to Cleveland to pick up the barge M. E. Orlan.
Boston April 20 noting the thirteenth body removed from the Chelsea fire ruins, identification proving impossible.
The annual Easter egg rolling for Washington children occurred on the White House grounds. President and Mrs. Roosevelt watched from the south porch as the Marine Band provided music.
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