London and Globe failure shocks stock market
The London and Globe Finance Corporation suspended payment as thirteen firms failed on the London Stock Exchange. Losses hit mining and American securities, with major names such as Haggard Hale & Pixley and Baker & Smith among the suspended. Lord Dufferin, chairman, faces personal hardship as his son is wounded and family grief deepens amid the credit crisis.
MENTIONED IN THIS ARTICLE
London
London and Globe Finance Corporation, Limited
London and Globe
Haggard
Hale & Pixley
Garle & Driver
Douglas, Jr. & Co
Cornfoot Brothers
F. A. Cohen
Blackey & Buckingham
Gunn & Aubrey
Richards& Sloper
Baker & Smith
F.C. Watts & Co
Flower & Co
FB. Boully & Co
Bartholomew & Jacks
Stock Exchange
Tloneon and Globe
Marquis of Dufferin and
Ava
Canada
Paris
Soute Africa
Lady Dufferin
Frederick Temple Blackwood
Ninth Lancers
Glenfontein
Lord Dufferin
Duke of Newcastle
Ami
London ‘and Globe
Whitaker Wright
Landon Ana Globe Group
The
London and Globe Group
Lake Views
le Foi No. 2
British America Corporation
Being &S. London and Globe
Sunday Special
Dispatch
German bank mortgage bond holders suspend interest amid liquidation
Berlin reports that Deutsche Grundschuld Bank mortgage bond holders holding 79,626,300 marks agreed to suspend interest payments pending liquidation. Shareholders then met and opted to liquidate. The meeting chairman announced the arrest of Edward Schmidt, president of the supervisory council of the Prussian Hypotheken Aktion Bank.
MENTIONED IN THIS ARTICLE
Berlin
Deutsche Grundschuld Bank
Edward Schmidt
Hypotheken Aktion Bank
London collapse minimal effect on Toronto Montreal markets
A senior stock broker from a leading Montreal firm stated that the London financial collapse would have little or no impact on Toronto and Montreal markets. He noted that Ie Roi No. 2 stock holds scarce presence locally and that market activity should remain steady.
MENTIONED IN THIS ARTICLE
Toronto
Ont
London
Montreal
Bond Concern Insolvent Under Court Scrutiny
Judge Stockbridge ordered the Mutual Fidelity Company to show cause why a receiver should not be appointed as state officials, led by Attorney General Rayner, investigate the Delaware and Maryland charters. The bill claims fraudulent bond investment operations, insolvency, and charter violations, with possible broader fallout for Baltimore firms.
MENTIONED IN THIS ARTICLE
Baltimore
Stockbridge
Mutual Fidelity Company
Rayner
Delaware
Maryland
Hospital Sunday Revered Verse Reminder
A compact reminder ad notes Evans Ale as a cherished joy and marks hospital Sunday with a nostalgic line from an Adv feature. The snippet emphasizes a traditional drink reference tied to a church or community observance.
United States Offers For Danish Antilles Damages Trade Shift
United States envoy Swenson offers 12,000,000 kroner for the Danish Antilles, signaling a shift in Denmark’s stance due to finances and export weakness. Negotiations over a treaty would require Senate approval and House funding, with limited time before Congress adjourns.
MENTIONED IN THIS ARTICLE
Copenhagen
United States
Swenson
Washington
Dec
Denmark
Constantin Run
Christmas Dirkfeldt
Europe
United States Senate
House of Representatives
Senate
Congress
Boston Electric Light Deal Could Unite Edison and Boston Firm
Four year effort to merge Edison and the Boston Electric Light Company nears success as stockholders prepare to vote within a fortnight. A new company would lease both firms and pay 10 percent dividends, offering current stockholders a prompt market value rise. J P Morgan leads the consolidation plan and some insiders have bought shares in advance.
MENTIONED IN THIS ARTICLE
Boston
Edison
Boston Electric Light Company
J. P. Morgan
Pig Iron Exports Set Record in 1900 Showings
Alabama and Tennessee pig iron shipments for January through November 1900 reached 1.2 million tons, with 210000 tons from the Birmingham district. Cast iron pipe exports totaled 80000 tons nationally and 30000 from Birmingham. Exports are likely to top the record by about 15000 tons, surpassing last year by 65000 tons.
MENTIONED IN THIS ARTICLE
Birmingham
Ala
Alabama
Tennessee
Canadian Bank of Commerce to Acquire Bank of British Columbia
Ottawa reports the Dominion Government approved the purchase agreement in which the Canadian Bank of Commerce takes over the Bank of British Columbia. The deal, already made, is now ratified under the new bank act and published in the official gazette. The cabinet’s order makes the bargain final and binding.
MENTIONED IN THIS ARTICLE
Ottawa
Ontario
Dominion
Canadian Bank of Commerce
Bank of British Columbia
Bank of Commerce
Tovernment
Backman's Effects Sold At Auction In Goshen
The personal effects of the late Charles Backman founder of the Stony Ford Stud were sold at auction in Goshen on December 29. Items fetched high prices from bidders including W. B. Dickerman, John McCarty, Gen. Tracy, James C. Vannuyse, Capt. Tuthill, and Dean Sage of Albany. The mahogany secretary once used by Gen. Grant was sold for a large sum amid brisk bidding.
MENTIONED IN THIS ARTICLE
Capt. Tuthill
Burnz Found Guilty of Murder in the Second Degree
Edgar C. Burnz was found guilty of murder in the second degree for killing Herbert B. Fellows, the Scarsdale station agent and Postmaster. Judge Keogh sentenced Burnz to life imprisonment after the jury agreed to the verdict amid a crowded courtroom and extensive testimony on insanity defense.
MENTIONED IN THIS ARTICLE
White Plains
N. Y
Edgar C. Burnz
Herbert B. Fellows
Scarsdale
Supreme Court
Keogh
Burns
Isaac N. Mills
Andrews
New York
Fellows
Will Sue Electric Roads In Patent Infringement Suit
Benson Bidwell of Hartford plans lawsuits in U S district courts against over a hundred electric road corporations claiming his 15 year old trolley propulsion system was patented and used worldwide without remuneration. He seeks damages and royalties totaling hundreds of millions and will file abroad as well.
MENTIONED IN THIS ARTICLE
New Haven
Conn
Benson Bidwell
Hartford
United States
Bidwell
Big Cleveland Realty Suit Over Leonard Case Estate
A Cleveland lawsuit seeks ownership of millions in city property and 1.5 million in damages for being excluded from rents. Filed by nine heirs of Leonard Case against about 500 current titleholders, the suit argues cousins cannot inherit against a sister. Joel and Waters Cummings identify as Case sister’s sons.
MENTIONED IN THIS ARTICLE
Cleveland
Leonard Case
Joel
Waters Cummings
Mr. Case
Chicago Real Estate in 1900
Chicago reports more real estate transfers in 1900 than 1899 but with a total value $20 million lower. The year's value dropped to $87,917,998, the smallest since the World’s Fair boom, after several prior years of higher activity.
MENTIONED IN THIS ARTICLE
Chicago
Red Cross Faces High Cable Toll Bill From Rulers
Chicago reports Red Cross Society may pay about $11,000 for cable messages sent to the United States from leaders of foreign nations. Delays in mail required quick messages for timely distribution, including notes from the Emperor of Japan and others. Each dispatch runs roughly 400 words and the costs burden the organization as Geneva treaty nations number forty seven.
MENTIONED IN THIS ARTICLE
Chicago
Red Cross Society
United States
New York
Emperor of
Japan
Poe Leo
Red Cross
United
Royal Blue and Royal Limited Trains to Washington Schedule
Trains from New York to Washington depart from Mberly Street foot at 11 36 A M and 1 00 P M with a 56 hour Royal Blue service and the Royal Limited reaching 3 40 P M Evening fast solid trains run at 8 00 10 00 11 30 5 00 7 00 P M and 12 15 midnight with earlier departure from South Ferry five minutes prior Dining and café car service advertised as best.
MENTIONED IN THIS ARTICLE
Washington
New York
Royal Blue
Mberly St
Secret negotiations form $150 million steel tube trust
Philadelphia reports secret talks over three weeks to create a steel tubing trust with over 150 million dollars in capital. W. W. Gibbs leads the venture with Moore & Schley handling finance. a license under British patents promises a new process cutting costs by half. Conference expected in Pittsburg with Carnegie interests and National Tube Company officials. John W. Gates of American Steel and Wire and other large steel figures said to be involved. organization slated within thirty days.
MENTIONED IN THIS ARTICLE
Philadelphia
United States
W. W. Gibbs
United Gas Improvement Company
International Smokeless Powder and Dynamite Company
Marsden
Moore & Schley
New York
Gibbs
Broad Street
Pittsburg
Carnegie
National Tube Company
John W. Gates
Chicago
American Steel and Wire Company
Victory for Herbert Seeley ends Barnum trust dispute
In Bridgeport Connecticut three deeds were filed resigning Mrs Caroline Thompson and Clinton Barnum Seeley as trustees over Herbert B Seeley. Probate Judge Nobbs appointed Louis M Ogden as successor with Ogden’s quitclaim enabling Herbert Seeley to mortgage $25000. Herbert inherits one ninth of the P T Barnum estate and his city property is valued around 250000 with net income up 10 percent. He had long fought his aunt and brother to end the trusteeship.
MENTIONED IN THIS ARTICLE
Bridgeport
Conn
P. T. Barnum
Caroline C. Thompson
New York
Clinton Barnum Seeley
Herbert B. Seeley
Court of
Nobbs
Louis M. Ogden
Thompson
C. B. Seeley
Herbert Seeley
Ogden
People’s Savings Bank
Mrs. Thompson
B. Seeley
Herbert
Annexation Plan in Geneva City
Geneva Common Council moves to seek an act from the Legislature to annex East Geneva Border City in Seneca County to Geneva. The council has drawn about 8,000,000 square feet for inclusion to boost tax revenue. Rumor says Republicans favor the change to create seven wards and redraw ward boundaries for partisan gain.
MENTIONED IN THIS ARTICLE
Geneva
N. Y
Visitor who resembles President McKinley at White House
Doctor Luther Hazard Busbee from New York visited the White House to confirm how closely he resembles President McKinley. He noted a strong side view likeness but a less striking front view and recounted past mistaken identities and a 1896 incident with a policeman who thought he should be voting for him.
MENTIONED IN THIS ARTICLE
Washington
White House
New York
Luther Hazard Bushee
Dr. Busbee
Congress
Chicago
McKinley
Col. Green sues rail firms for 78000 in Maryland suit
Col. Charles H. Green of New York filed a suit in the Superior Court against the Washington and Potomac and the Point Lookout Railway Companies for 78000 dollars. He seeks payment for services rendered and money advanced to the two firms.
MENTIONED IN THIS ARTICLE
Baltimore
Charles H. Green
New York
Washington and Potomac
Point Lookout
G. H. Mumm Extra Dry Tops Champagne Imports
Last year 109,303 cases of G. H. Mumm Extra Dry were imported. In 11 months of 1900 this quantity led all brands by 72,169 cases. Special attention is drawn to the renowned quality now imported.
MENTIONED IN THIS ARTICLE
G. H. Mumm
Adv
Boers in Desperate Plight Amid British Push Near De Aar
New reports from December 28 29 recount Col De Lisle's victory near De Aar capturing wagons and freeing Philipstown prisoners while Grenfell drives Kritzinger toward Venterstad. British lines strengthen with Ventersdorp Richtenburg Zeerust holdings as 2000 Boers face renewed pressure and Chinese whispers of support fade.
MENTIONED IN THIS ARTICLE
London
Newcastle
Kruger
Burshers
Europe
Naauwpoort
de Lisle
Hertzog
de Aar
Philipstown
Grenfell
Kritzinger
Venterstad
Orange River
Standerton
Natal
Johannesburg
Ventersdorp
Richtenburg
Zeerust
Carnarvon
Vosburg
Lord Kitchener
Pretoria
Greylingstad
Radclyffe
Harvest
British Reoccupy Ficksburg From Boers
Bloemfontein dispatch reports British forces have reentered Ficksburg after it had been held by Boer troops, restoring control in the area amid ongoing conflict.
Colvile Blames Roberts In Court Martial Row
Major General Sir Henry Edward Colvile returns to England with a 3000 word press statement accusing Lord Roberts and staff of failures over the Lindley disaster. He says he sought a free inquiry and alleges miscommunication and scapegoating by War Office officials, naming Brodrick and Wood in the dispute. The clash pits Colvile against Roberts Kitchener and Brodrick, promising parliamentary contention.
MENTIONED IN THIS ARTICLE
London
Henry Edward Colvile
War Office
England
Lindley
Lord Roberts
Col. Spragger
South Africa
Colvile
Evelyn Wood
Lord Lansdowne
Lord Wolseley
Gibraltar
Army
Adjt
Wood
Brodrick
Heilbron
Orange Free State
Ixitchener
Kimberley in Straits Again as Boer Raids Increase
Kimberley, Cape Colony, faces isolation with no mails from Dec 19 to 25 and famine price provisions. Military seized all foodstuffs on Dec 22. The Leinster Regiment under Major Barry fought Boers four hours at Driefoein on Dec 27 with light losses. Boers captured twenty five wagon convoy at Getuk on Christmas Eve.
MENTIONED IN THIS ARTICLE
Cradock
Cape Colony
Kimberley
Leinster Regiment
Barry
Drieforiein
Getuk
Employment of Maoris in South Africa Sparks Criticism
Liberal papers condemn the War Office decision to employ a Maori contingent from New Zealand in South Africa. The Star calls the move a stupid blunder with terrible effects on the Dutch, noting the government had initially declined.
MENTIONED IN THIS ARTICLE
South Africa
London
Liberal
War Office
New Zealand
The
Star
New York and Florida Limited Resumes Service
New York and Florida Limited via Penn and Southern Railway resumes service January 14 leaving New York at 12 40 P M daily except Sunday. Dining, compartment, ob servation and drawing room sleeping cars operate New York to St Augustine with additional drawing room sleeping cars to Aiken Augusta and Port Tampa. Diagrams now open. New York offices at 271 and 1 185 Broadway.
MENTIONED IN THIS ARTICLE
New York & Florida Limited
Penn. and Southern Railway
New York
St. Augustine
Aiken
Augusta
Port Tampa
Broadway
Invitation to Mr Kruger Aimed at Liberty Support for Boers
Col Arthur Lynch, a Boer Army former officer, sails on the French liner La Normandie to extend a direct invitation to Mr Kruger to visit America. A Boer sympathizer circular claims most Americans favor the Boers and predicts a strong ovation if Kruger accepts. It also attacks Consul General Stowe and notes Stowe’s England trip provoked controversy. Charles D Pierce, New York Orange Free State consul, says Kruger’s visit is possible if sentiment is strong enough, but no decision has been made yet.
MENTIONED IN THIS ARTICLE
la Normandie
Havre
Col
Arthur Lynch
Kruger
America
Kriger
Washington
South Africa
Stowe
England
State Department
Hay
Col. Lynch
Charles D. Pierce
Orange Free State
New York
the Hague
Mr. Pierce
Burleigh Sent Back to South Africa by Telegraph
In view of the prolongation of the war The Daily Telegraph dispatches Bennett Burleigh its renowned war correspondent to South Africa to cover further developments.
MENTIONED IN THIS ARTICLE
London
The
Daily Telegraph
Bennett Burleigh
South Africa
Britain Quietly Rebuilding Navy Strength
London reports the Royal Navy is increasing its strength and morale while the army remains tied to South Africa. In British yards eleven battleships, nineteen cruisers, and fourteen smaller vessels are under construction, totaling about 400,000 tons, not counting ships already started but unfinished.
MENTIONED IN THIS ARTICLE
London
South Africa
Telephone rates reduced in small Connecticut towns
The Southern New England Telephone Company announced a 25 percent cut for house party service and a 33 1 3 percent cut for business offices in Connecticut towns with under 160 subscribers. Affected communities include Branford, Darlington, Guilford, Litchfield, Manchester, Milford, Naugatuck, New Milford, Ridgefield, Rockville, Southington, Saybrook, Simsbury, Wallingford, and Winsted and their connecting towns.
MENTIONED IN THIS ARTICLE
New York Times
New Haven
New England Telephone Company
Connecticut
Branford
Danielson
Guilford
Litchfield
Manchester
Milford
Naugatuck
New Milford
Ridgefield
Rockeville
Southington
Saybrook
Simsbury
Wallingford
Winsted
Birmingham Railway Bond Issue Secures $3.5 Million Mortgage
The Birmingham Railway Light and Power Company in Birmingham Alabama placed a first mortgage of 3.5 million dollars with Old Colony Trust Company Boston to back fifty year 5 percent gold bonds. The issue covers the consolidation of local electric car lines with proceeds to redeem bonds of absorbed companies and the remainder to the company's treasury for operations.
MENTIONED IN THIS ARTICLE
Birmingham
Ala
Birmingham Railway, Light and Power Company
Old Colony Trust Company of
Boston
May Wheat Prices Jump in Active Chicago Market
May wheat rose 2 cents in Chicago on heavy buying as Minneapolis millers pushed flour prices up 10 cents. Receipts at Minneapolis, Duluth and Chicago totaled 1,787 cars this week, 1,025 below last week, and 1,507 car fewer than a year ago. May opened at 7 3 4 4 cents and closed at 7 5 ¾ cents, up 1 1/2 to 2 cents from yesterday.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Minneapolis
Duluth
Shorts
Texas Commission Seeks Expanded Regulatory Powers
The Texas Railroad Commission in its annual report filed with Gov. Sayers recommends laws to extend state control over railroads and other common carriers and to regulate rates of telegraph and telephone firms. It urges that these companies maintain general offices within Texas.
MENTIONED IN THIS ARTICLE
Austin
Texas
Texas Railroad Commission
Gov. Sayers
Banks in Wabash See Record Deposits in City History
Prosperity hits Wabash Indiana as three banks the Wabash National First National and Citizens report combined deposits of 1 050 000 the largest ever and double the ten year total. Banks say funds are hard to place borrowers scarce loan agents report dullness with new loans and renewals 50 per cent below other years five percent money and low commissions fail to attract borrowers. Hospital Sunday reminder appears in the advertisement along with Evans Ale promotion.
MENTIONED IN THIS ARTICLE
Wabash, Ind
Wabash National
First National
Citizens
Riot at Theatre Comique Ends Show and Sends Police
On Broadway at Twenty ninth Street a riot erupted during The Queen of the Orient burlesque. Manager G Weil fled with a red satchel. Police from West Thirtieth Street Station dispersed a large crowd and kept order as doors were resecured.
MENTIONED IN THIS ARTICLE
Theatre Comique
Broadway
Twenty-ninth Street
West Thirtieth Street
Playhouse
G. Weil
Queen of the Orient
Tony Stanford
Olice
Townsend
Weil
Morris B. Forgotson
Bowery
Mr. Stanford
BE. R. Gibson
W. C. Weilhe
Sam T. Jack
Minerals Gift Elevates American Museum Collection
A city donor presents a vast minerals and silver plate collection to the American Museum of Natural History. Clar ence S. Bement of Philadelphia is the known collector, with about 14 000 pieces gathered over 35 years valued in the thousands of dollars. The donor's name is withheld for now and the freight arrives in two railroad cars.
MENTIONED IN THIS ARTICLE
American Museum of Natural History
Clarence S. Bement
Philadelphia
Natural History
National Museum
American Museum of Naturalistory
Albert S. Bickmore
British Museum
London
Johnson Withdraws From Detroit Railways Victory Marks Change at Top
Detroit December report states Tom L Johnson resigns as President of the Detroit railway system after a conflict with R T Wilson who owns four fifths of the stock. Jere C Hutchins expected to become President. A B Dupont to run roads in St Louis with a 20000 annual salary.
MENTIONED IN THIS ARTICLE
Detroit
Tom L. Johnson
Cleveland
Detroit Railway System
R. T. Wilson
New York
Detroit Roads
Johnson
Wilson
Jere C. Hutchins
Detroit Railway Systems
A. B. Dupont
St. Louis
Dr. Dupont
Gees
Also Mentioned on This Page
London and Globe Finance Corporation
Lon
Don and Globe
Watertown
R. Flower
New York City
BOND
Evans’ Ale
Hospital
Danish West Indies
Boston Electric Light
the New
Yack
Times
Backman
Young Burnz
Herbert Fellows
Electric Roads
BIG Cleveland Realty Suit
Leonard Case Estate
L. M. Ogden
Common Council
MR. M’kinley
Washington Railroads
Krueger
Cape Invaders
Bloemfontein
Ficksburg
Roberts
Straits
MR. Krueger
South African Republic
Burleigh
British Naval Activity
Southern New England Company
Alabama Railway Company
Texas Commission
Wabash
Ind
Comique
T. L. Johnson
Corporation
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