Ryan's Valuation of Railroad Stocks Heated Grand Jury
Thomas F. Ryan testifies before the Grand Jury examining traction matters explaining that 95 percent of all steam and street railroad stock issued before 1885 never cost a dollar, while Metropolitan stock shows substantial cash paid in. He cites bond financing and leases as costs and discusses Kuhn, Loeb & Co. underwriting and the Metropolitan Securities Company. Jerome asserts officers’ guilt and addresses Moorehead’s testimony and immunity limits.
MENTIONED IN THIS ARTICLE
actua@lly
Metropolitan Street Railway
Thomas F. Ryan
Jerome
Grand Jury
Ryan
Lexington Avenue
Pavonia Ferry
Columbus and Winth Avenue
R. R
Tast
St. Paul
Northwestern
Omaha
Pacific Railroad
Atchison
Jess Atchison
Vet
Paul D-Cravath
Traction
William. C. Whitney
K. Cravath
Third Avenue
Third Averney
Kuhn
Metropolitan Traction Stork
Iwuhn, Loeb & Co
Metropolitan Traction Company
Iwuhn, Loeb &Co
Metropolitan Securities Company
Metropolitan Street Railroad
Nyv
Whitney
Kualiteh & Co
Aruba, Doel
Kuhn, Loeb & Co
Metropolitan Street Railway Company
Metro- Q
York City Railway Politan
Wormser
Metropolitan
Metropolitan ‘Securities
New York City Railway
Kulin, Loeb &, Co
Interborough-Metropolitan
Aks
Interborough Metropolitan
Franklin Pierce
King Stockholders’ ‘Committee
Pierce
Grand
Metropolitan Mae Railway
Mr. Jerome
Public Service
Ward Quizzed by Senate on Indian Rolls Issue
Washington April 28 George A Ward chief of the Indian Territory Division of the Interior Department faced Senate committees on Indian affairs. Senator Jeff Davis questioned whether sending information on Choctaw and Chickasaw rolls harmed Ward in his job. Ward denied the claim and said departmental reorganization kept him in a responsible post with his current pay.
MENTIONED IN THIS ARTICLE
Washington
George A. Ward
Indian Territory Division
Interior Department
Senate
Jeff Davis
Garfield
Ward
Department
Davis
Indiana Territory
Purdy Nominated for U S District Judge Minnesota
The President sent to the Senate a nomination to appoint Milton Dwight Purdy of Minnesota as United States District Judge for the District of Minnesota. Since 1905 he has led enforcement in the Department of Justice on Sherman Act and interstate commerce cases. Notable wins include government successes against the Great Northern Railway and Armour Packing Company.
MENTIONED IN THIS ARTICLE
Washington
Senate
United States
District of Minnesota
Milton Dwight Purdy
Minnesota
Purdy
Department of Justice
Great Northern Ra
Armour Packing Company
Essex County Sheriff Seeks Reimbursement for Anti-Vice Campaign
Sheriff Frank H. Sommer asked the Board of Freeholders in Newark to pay 5706.24 for two years of expenses in his crackdown on vice and crime around Newark. The bill covers costs tied to arrests indictments and fines totaling about 50000, with further bills expected. Payment is considered mandatory with Judge Ten Eyck’s sanction as many prosecutions occurred in Common Pleas Court.
MENTIONED IN THIS ARTICLE
Frank H. Sommer
Essex County
Board of Freeholders
Newark
Ten Eyck
Common Pleas Court
Early Breath of Summer News
The thermometer rose to 78 degrees yesterday the highest for January 8. The weather diary notes April has seen higher readings, with 1890s records around Se. The forecast says today will be cooler than yesterday with anticipated showers tonight by the Weather Man.
MENTIONED IN THIS ARTICLE
Mercury
Bankruptcy Plea Reveals Vast Equitable Claims Against Haynes
Archibald C. Haynes former Equitable Life general agent and former president of the Mutual Reserve Life Insurance Company filed in the U S District Court a bankruptcy petition listing liabilities of 176621 and cash assets of 1472 The principal asset is renewal commissions from the Equitable allegedly pledged to offset a 700000 to 800000 claim The case raises bankruptcy questions linked to aging renewals and a 400000 renewal estimate plus 150000 in insured premium notes Several unsecured creditors and secured life insurance policies back the claims and assets
MENTIONED IN THIS ARTICLE
Archibald C. Haynes
Equitable Life Assurance Society
Hyde-Alexander
Mutual Reserve Life Insurance Company
United States District Court
Haynes
Mutual Reserve
Prudentiu Life of
Newark
New York
Renewal Commission
Equitable
Haynes Agency
Tie
Hyde
Gage E. Tarbell
Merchants’ Exchange National Bank
A. M. Daniels
B. Trenderson
Laura Obi. Kimable
Minna Gale Haynes
L. P. Tucker
Boston
Mr. Tfaynes
Charter National Bank
Media
Penn
Central National Bank of Philadelphia
Wayne Title and Trust Company
Wayne Penn
JM. Cushing
Austin Corbin
Edward Morgan, Jr
Samuel Appleton
Henry M.alexander
Henry W. Haynes
Edward Lanterbach
Gage Tarbell Released After Court Hearing
Joseph Johnston, ex-agent for Garden City Improvement Company, testified before Magistrate Barlow that Gage E Tarbell, former vice president of Equitable Life and now agent for Garden City Estate, assaulted him in the Flatiron Building office. The magistrate discharged Tarbell. Johnston threatened a civil suit claiming he was choked and battered after an earlier dispute over money allegedly due.
MENTIONED IN THIS ARTICLE
Joseph Johnston
Garden City Improvement Company
Barlow
Jefferson Market Court
Gage E. Ws Bell
Equitable Life Assurance Society
Araen City
Flatiron
Tarbell
Johnston
Police May Stop Boxing Outs In Manhattan
Supreme Court Justice Crane in Brooklyn denied a motion to permanently restrain police from interfering with boxing bouts by the Sharkey Athletic Club in Manhattan. The court ruled officers would be neglectful if they did not intervene when it was seen that the law was being evaded.
MENTIONED IN THIS ARTICLE
Supreme Court
Crane
Brooklyn
Sharkey Athletic Club
Manhattan
Private Vaudeville Evening After Fourteenth Dinner
Members of the Manufacturing Perfume rs Association of the United States enjoyed a private vaudeville show after their fourteenth annual dinner last night in the ball room of the Hotel Astor. Several vaudeville performers now appearing at ideal theatres were called in to furnish the fun of the evening. Gen. Stewart L. Woodford, Chairman of the Trustees of the Hudson Fulton Celebration Commission, made the address of the evening.
MENTIONED IN THIS ARTICLE
Manufacturing Perfumers’ Association of the
Associated Press Officers Re-elected
The Associated Press directors meeting in this city yesterday re elected last year's officers. President Frank B. Noyes Chicago Record-Herald First Vice President Charles Hopkins Clark Hartford Courant Second Vice President Rufus N. Rhodes Birmingham News Treasurer Herman Ridder New York Staats-Zeitung Secretary and General Manager Melville E. Stone.
MENTIONED IN THIS ARTICLE
Associated Press
Frank B. Noyes
Chicago Record-Herald
Charles Hopkins Clark
Hartford Courant
Rufus N. Rhodes
Birmingham News
Herman Ridder
New York Staats-Zeitung
Melville . E. Stone
Coal Operator John Markle Sails to Seek Eye Specialists
John Markle, a coal operator, departed aboard the Kaiserin Auguste Victoria for Europe to consult oculists after losing the use of one eye and the other becoming affected. He is described as an indefatigable worker, and his misfortune is linked to this trait.
MENTIONED IN THIS ARTICLE
John Markle
Europe
Kaiserin Auguste Victoria
Receiver for Brokers Appointed in Hopkins Firm Case
Federal Court named Edwin C. Way as receiver for Wallace H. Hopkins & Co of Chicago after a petition by three creditors. Liabilities estimated at 100000 to 200000, with assets to be liquidated. Post Office Inspectors investigating months of transactions tied to stock promotions, including Consolidated Zinc Company, calling Hopkins’s operation a fraud on its face.
MENTIONED IN THIS ARTICLE
Chicago
SS. H. Bethea
Federal Court Today
Edwin C. Way
Wallace H. Hopkins & Co
J. A. Harper
Hewkins
Bignkits
Petiioners
C. Clark
Hopkins
Board of Trade
Pest
Riice
Stuert
Tinder M
Consolidated Zinc Company
Hopkins Company
Stuart
Receivers Certify $80,000 for Metropolitan Steamship
Judge Lacombe approved a Maine circuit decree allowing William T. Cobb Calvin Austin and Abel I. Culver receivers to issue $80,000 in six month certificates at 6 percent interest. Funds cover Boston taxes insurance maintenance and ship repairs for Yale and Harvard with a prior lien over American Trust Company.
MENTIONED IN THIS ARTICLE
Lacombe
United States Circuit Court
Circuit Court of Maine
William T. Cobb
Calvin Austin
Abel I. Culver
Metropolitan Steamship Company
Boston
Yale
Harvard
Bank of New York marks 110th year in own building
The Bank of New York N B A oldest bank in the state celebrated the 110th anniversary of occupying its Wall Street and Exchange Place office. Founded earlier, it moved from 67 St George Square to a building begun in 1797 later rebuilt in 1860. It became a National Bank in 1862 while keeping the original name.
MENTIONED IN THIS ARTICLE
The
Bank of New York
Wall Street
Exchange Place
Franklin Square
National Bank
National Banking Association
Norfolk & Western Cuts Dividend Amid Lower Earnings
The Norfolk and Western Directors cut its common stock dividend to 4 percent from 5 percent, payable June 18 to holders of record May 2. Preferred stock dividends, at 4 percent, have been paid since 1899. The move reflects decreased earnings and provisional conditions. The change sparked speculation on a possible Pennsylvania Railroad dividend reduction from 7 to 6 percent, with May payment and directors to meet.
MENTIONED IN THIS ARTICLE
Norfolk & Western
Pennsylvania Railroad
Wall Street
Pennsylvania
North American Bond Sale Moves Ahead on Several Issues
The North American Company sold a 1 000 000 bond lot from its subsidiaries and explores 5 000 000 more. Spencer Trask & Co bought 1 000 000 Milwaukee Light Heat and Fraction bonds. A New York bank negotiates 5 000 000 Union Electric Light and Power bonds of St. Louis subsidiary, not yet closed.
MENTIONED IN THIS ARTICLE
Spencer Trask & Co
Milwaukee, Light
Union Electric Light and Power Company of
St. Louis
North American Company
New York
Chelsea to Govern City by Five-Man Commission
A bill to govern Chelsea for five years by a five member commission modeled on Galveston Texas after its disaster was agreed at a Chelsea meeting and reported to the Massachusetts House. The commission, appointed by the Governor, replaces the Mayor Aldermen and School Committee and may appoint a subcommission for schools.
MENTIONED IN THIS ARTICLE
Boston
Chelsea
Galveston
Texas
Massachusetts House of Representatives
Court of Appeals rules non-taxable securities deductible from bank stock value
The Court of Errors and Appeals in Trenton upholds that non-taxable securities must be deducted from bank stock when assessments are set, reversing the Supreme Court. The ruling, in Hulings Lippincott versus Isaac Lippincott, will erase six million dollars from state ratables by avoiding double taxation.
MENTIONED IN THIS ARTICLE
New York Times
Trenton
N. J
Court of Errors
State Bankers’ Association
Hulings Lippincott
National State Bank of Camden
Isaac Lippincott
Chester
Supreme Court
Court of Appeals
Investigation of Fibre Trust Continues
The Federal Grand Jury continued its inquiry into the Fibre and Manila Manufacturers' Association. Members are said to be operating under the Parks pooling plan, which the Government contends violates the Sherman Anti-Trust Act.
MENTIONED IN THIS ARTICLE
Fibre Trust
Federal Grand Jury
Fibre and Manila Manufacturers’ Association
Parks
How to Build a House for Little Money
Practical guidance on constructing affordable cottages and bungalows. The piece promotes the Annual Real Estate Review and teases Times advertising space for upcoming Sunday edition.
MENTIONED IN THIS ARTICLE
TIMES
Adve
NEW York Times
Suit Over West Virginia Short Line Claims $2 Million
T. Moore Jackson filed in New York Supreme Court, naming H. H. Rogers George A. Burt and Alfred Bedford of Standard Oil, alleging fraud that ruined his business by manipulating the West Virginia Short Line and Ohio River railroads. He seeks $1.8059 million in damages plus costs, claiming secret deals harmed his holdings and presidency.
MENTIONED IN THIS ARTICLE
H. H. Rogers
George A. Burt
Alfred . Bedford
Standard Oil Company
T. Moore Jackson
Clarksburg
West Va
Supreme Court of
New York County
Richard J. Donovan
Jackson
West Virginia Short Line Railroad Company
Baltimore & Ohio Railroad Company
Ohio River Railroad
West Virginia Short Line Railroad
Edward C. Machen
New York
New Martinsville
Machen
West. Virginia Short Line
Rogers
Standard Oil Group
Baltimore & Ohio Railroad
Ohio River Road
Baltimore & Ohio
West Virginia
Mr. Jackson
Oho River Road
Ohio River Railroad Company
B. & . Railroad
West Virginia Short Line
Jackso
Wes Virginia Short Line
Mr. Rogers
Roserss
Ohio River
Alfred G. Bedford
Rogers and
Burt
Bedford
Broadway
Short Line
Baltimore, & Ohio
A. C. Bedford
Gow Case to Supreme Court in Brooklyn Indicts
Justice Marean moved Gow's trial to the Supreme Court on five indictments related to the Borough Bank closing. The case centers on grand larceny and overdrafts tied to a scheme with Maxwell Campbell and the Borough Bank. District Attorney Clarke resisted delaying the trial.
MENTIONED IN THIS ARTICLE
Marean
Brooklyn
Supreme Court
Alice
William Gow
Bays
Mireat
Itu
Fildler
Motter
Howard Maxwell
Arthur DD. Campbell
Tok
Impis
Elder
S Jbredies
Aml
Tsu
Ocland
Gow
Borough Bank
International Trust Company
Maxwell
Campbell
Jus Glery
Clarke
Giant Theoiston clock to adorn Colgate Building front
The enormous Theoiston made clock for Colgate Company Jersey City reached New York yesterday and will be installed on the Hudson Street front. It is among the largest clocks in the world and will display time by night and day with fifteen and twenty foot hands and electric illumination on the dial numerals.
MENTIONED IN THIS ARTICLE
Theoiston
Conn
Colgate Company
Jersey City
New York Times
Hudson Street
Colgate
Also Mentioned on This Page
Ww. C. Whitney
Metropolitan Securities
Jérome
Metropelitan Street Railway
Mr. Kiesel
the Man From
Rome
Marie van Vorst
Saturday Evening Post
A. B. Wenzell
Vernon Howe Bailey
Curtis Post
Hine Company
Philadelphia
W. C. Willets
World Building
Chief Ward
Vice Crusade
A. C. Haynes
Petitioner
Big General Agent
Astor
W.W. H. Hopkins & Co
Rai!way
Commission Rules
Jersey
Standard Oil
Prill
Brill
Rothers, NY
Clee
Buk Brothers
TNION
Eortlany
Harlem
Olen
California Fig Syrup CO
Apollinaris
Table Waters
Misses’ & Children’s
Merino Underwear
Sixth. Avenue
18Th
19Th Street
B. Altman & Co
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!