Ridgely Sees Bank System Stable Despite 1907 Strain
Controller of the Currency W B Ridgely reports that the 1907 banking crisis stemmed from years of overtrading. Reserves in central cities sit around 22.2 percent of legal minimum, with forty cities near full requirements. He notes few bank failures, reserves improving since December, and credit strain easing with Treasury aid and decisive action.
MENTIONED IN THIS ARTICLE
Washington, D. C
Mi “Ts
Texas
Galveston
San Antonio
Pacific States
Central Reserve
Gentral
Treasury Department
Resources in New York City Bonds and Real Estate Holdings
The report lists assets including mortgage on New York City real estate, other stocks and bonds, real estate, time loans and bills purchased, furniture and fixtures for main office and two branches, demand loans, cash on hand and in banks, totaling 8,048,584.18. Empire Trust appears as the managing entity.
MENTIONED IN THIS ARTICLE
N.Y. City
First
N. Y. City
Bank Financials Show Surplus and Dividends Details
Company Capital and undivided profits listed with reserves for taxes and unpaid dividends. A stock dividend payable January 2 1908 is noted alongside deposits totaling 16,000 90 and an overall funds figure of 8 048 384 18.
Government Receipts and Expenditures Show Year End Loss
The forthcoming monthly report indicates government receipts for the month ending today will fall about 8.5 million dollars from December last year while expenditures rise roughly 8.3 million, yielding a net yearly loss near 17.9 million. Major declines come from customs and internal revenue, with large increases in civil, war, navy, pensions, and public works spending.
MENTIONED IN THIS ARTICLE
Washington, D. C
Review of 1907 Business Activity and Decline
Dun s Review notes that 1907 opened with strong trade momentum and high production, farm outputs, and foreign commerce. Yet a late year financial disturbance reduced currency values, forced plant curtailments, and prompted temporary bank closures, with hopes for a 1908 revival as confidence and money ease improve.
MENTIONED IN THIS ARTICLE
Dun
Temp ‘Rily
Iron and steel notes on year end conditions and prices
The Iron Age reports cautious year end conditions in the iron and steel trade with plans for a lower price range on structural material, plates, tubes, sheets, and tin plate starting Jan 1. Activity is limited, some modest orders seen, and industry sentiment remains mixed despite hopeful but prudently cautious signals.
MENTIONED IN THIS ARTICLE
Sittsbore
Fig Iron Committee
Chicago
New York
Delaware
Iron Trade Review
Pittsburg
Cleveland Furnace
Philadelphia Bank Clearings for the Year 180T
Philadelphia year end bank clearings show a decline of 525 906 540 from 1806. Balances fall by 324 I2ST4. Total clearings reach 7 161 060 440 with balances at 624 7508 801.
MENTIONED IN THIS ARTICLE
Philadelphia
Prudential Declares Dividend For Stockholders Yesterday
The Directors of the Prudential Insurance Company declared a dividend of 1 Q per cent yesterday for stockholders and issued the usual dividends for holders of a certain class of policies as provided by contracts entered into at time of issuance.
MENTIONED IN THIS ARTICLE
Prudential Insurance Company
Hamilton Bank Head Emerges In Depositors Plan
A committee of sixty Hamilton Bank depositors met at Astor House and urged Carnegie Trust to appoint Frederick H. Parker brother of Alton B. Parker as bank president. Parker would accept only if bank directors approve. Other officers discussed include President Montgom ery and Vice President Montgomery. A Kingston hearing January 2 will settle fees before a January 6 bank reopening with Clark Williams’ approval expected.
MENTIONED IN THIS ARTICLE
Hamilton Bank
Astor House
Carnegie
Frederick H. Parker
Alton B. Parker
Carnegie Trust Company
Committee of Sixty
Bronx
Asto House
William, G. Mulligan
Julius Hi. Maas
Joseph J. Berry
Department of Parks
James Reilly
William H. Birkmire
Hamilton Bnk
Parker
Mr. Parker
William B. Montgomery
Betts
Kingston
Clark Williams
Strong Box of Mrs Cotton Estate Empty at Atlantic Safe Deposit
An expectant group gathered at the Atlantic Safe Deposit Company in New York to inspect a strong box believed to hold $470000 of the late Mrs Ellen M Cotton of Washington DC. The box was opened and found empty, with officials saying they will decide next steps to recover the securities.
MENTIONED IN THIS ARTICLE
Atlantic Safe Deposit Company
William and Wall Streets
Ellen M. Cotton
Washington, D. C
Post Office Rush Sends Eight to Nine Million Cards Out
New York Post Office faced another holiday card surge, with an estimated eight to nine million cards handled yesterday. Morgan provided extra separators, clerks, and carriers at uptown stations to prevent delays, while general delivery remained on schedule. One cent stamp sales lagged behind Christmas totals. In Newark, Vice Chancellor Howell ordered the Pressdd Radiator Company to show cause why a receiver should be appointed, amid a suit over a $1,200 damages award to Herbert Fox, a minor, from 1895.
MENTIONED IN THIS ARTICLE
New York
Morgan
Howell
Newark
Pressdd
Pittsburg
Herbert Fox
Bankruptcy petitions in 1907 rise in district court
In 1907 the United States District Court for the city saw 1001 bankruptcy petitions filed, compared with 828 in 1906. In the first three quarters of 1907 there were 344 filings versus 220 in 1906, with 465 discharges that year. Total petitions since Aug 1 1898 reached 10481.
MENTIONED IN THIS ARTICLE
United States District Court
New York Incorporations List Adds Numerous Ventures
Special to The New York Times Albany December filings show many new firms including New York Lubricating Oil Company capital 100000 with directors Dashiell Knight Harrison. Cooney Eckstein Co capital 250000 with J J Cooney H J Eckstein. Coney Island Associates capital 200000 with Leo Stern Max Miller. and more. Several others include American Hydrolith Company of New York capital 100000, Foster Debevoise Company capital 12000, and Crane & Huber Company Brooklyn with capital 10000.
MENTIONED IN THIS ARTICLE
New York Times
Alpany
New York Lubricating Oil Company
New York
Capital
William W. Dashiell
John W. Knight
Philip Harrison
Broad Street
Cooney, Eckstein& Co
John J. Cooney
Henry J. Ecktein
Robert Vanderstine
Wendell P. Barker
William Street
John Campbell &Co
George H. Whaley, Jr
Thomas Gain
Peter H. Burnett
Goshen
N.Y
Foster Debevoise Company
A. Aller
West 144Th Street
James A. Wrenn
Waverley Place
M. Cartin
Astoria
L. J
Eureka Cloak Company
Maurice Cooper
Madison Avenue
Samuel Kaminsky
Attorney Street
Herman Lakin
Sterline Place
Brooklyn
Crane & Huber Company
Locks, Keys
L Henry M Crane
Creston Street
Charles H. Huber
State Street
Frederick H. Schwegler
Marton Avenue
New_York
Roche, Craig & Wiley
Charles W.L. Roche
Frederick P. Craig
John Wiley
Broadway
Id Fernwood Company
Tjong Island City
Queens County
T Real Estate
L Capital
James P. Hicks
Jackson Avenue
John I. Klages
Vernon Avenue
John. P. Roulett
Davis Avenue
Long Island City
N. Y
Cecelle Phillipson (Inc
Sandies
New York Port Reports Record Foreign Trade in 1907
Official figures show Port of New York foreign commerce at 1.515 billion, up from 1.412 billion in 1906. Imports rose to 827.693 million, exports to 665.647 million, with notable gains to Porto Rico and the Hawaiian Islands. Gold and silver exports surpassed imports, signaling a net liberal export of specie in 1907.
MENTIONED IN THIS ARTICLE
New York
Edward S. Fowler
Custom House
United States
Porto Rico
Hawaiiiian Islands
Hawaiian Islands
Cotton Market Fares Quiet in Steady Close
The cotton market closed very steady with a net advance of 13 17 points as sales reached about 150 000 bales. The day featured a steady opening and rising prices late, with mixed regional forecasts and assorted spot market moves across Mobile Savannah Norfolk Augusta St Louis Galveston New Orleans and Houston.
MENTIONED IN THIS ARTICLE
Wall Street
New York
Liverpool
New Orleans
Gulf
Savannah
Norfolk
Augusta
St. Louis
Iltec
Galveston
Houston
London metal market closes with mixed gains across copper and tin
Spot copper gains 163 with futures up 10s as Tuesday’s London session ends. Tin rises 9s in spot and futures, iron warrants firm at 47s and 48s 3d. Spelter eases to 10 1?d, copper and other metals show varied bid and ask in New York mercantile quotes.
MENTIONED IN THIS ARTICLE
London
Standard Foundry
Middlesborough
New York Metal Exchange
Lake
Transfer of Central Foundry stock and bond guarantees announced
Treasurer Edward H. Fennessy of the Central Foundry Company states that from January 1 stock will be transferred at its office 37 Wall Street. Brooklyn Union Elevated bonds at 4 per cent and 6 per cent and Kings County Elevated bonds will be guaranteed on two days each month by the Brooklyn Heights Railroad Company at 85 Clinton Street Brooklyn between 9 A M and 1 P M.
MENTIONED IN THIS ARTICLE
Edward H. Fennessy
The
Central Foundry Company
Wall Street
Brooklyn Union
Kings
County
Brooklyn Heights Railroad Company
Clinton Street
Brooklyn
I. M
City examiner arrested in stolen goods case
Peter Corving an examiner in the city Finance Department, was arrested on a charge of receiving stolen goods. He appeared in Lee Avenue Court and was released on $1000 bail. A woman reported a pearl necklace valued at 2200 dollars found during a visit to Mrs Lamzerelle's kindergarten. The case links to Mrs Dorring and her husband and a young cousin who allegedly found the pieces.
MENTIONED IN THIS ARTICLE
Peter &. Corving
Bedford Avenue
Brooklyn
City Finance Department
Lee Avenue
William Maguire
Sixth Assembly District
Albert
B. Strange
East Sixty-fifth Street
Manhattan
Mr. Dorring
Girl Writes Of Death By Own Action In Letter
Enrico V Pescia seeks police help to locate his sister Elvira aged five or eleven who vanished from 154 East 116th Street after receiving a suicide note postmarked near 11 AM from 103rd Street and Third Avenue. The letter says death by own action is a crime and references forgiveness from the Supreme Maker.
MENTIONED IN THIS ARTICLE
Enrico V. Pescia
Nassau Street
Hivira
Francesco
East 116Th Street
103D Street
Third Avenue
Elvira
Hilprecht Asked to Explain Integrity in Oriental Scholarship
Philadelphia December 31 Professor Herman V Hilprecht of the University of Pennsylvania faced formal questions from the Society of Biblical Literature and Exegesis over charges to his integrity in Oriental scholarship. The society adopted the resolution 11 to 9 and Hilprecht said he would not heed the request, claiming only the trustees of the University of Pennsylvania may demand such a reply.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
Herman V. Hilprecht
University of Pennsylvania
Society of Biblical Literature and Exegesis
John P. Peters
New York
George A. Barton
Bryn Mawr
Penn
Hilprecht
Barton
St. Paul
Prof. Hilprecht
Socifety
Crowd Rages After Boy Is Fatally Struck by Streetcar
A New Year crowd at 280 Twelfth Street near Second Avenue and St. Mark's Place toppled a streetcar after ten year old Thomas was crushed beneath its front tracks. Motorman Fanich Sherry fled as bystanders, including Seret Manchester, rushed to assist. Bellevue Hospital doctor Dr. Russell said the boy was killed almost instantly.
MENTIONED IN THIS ARTICLE
Fanich Sherry
Thomas
Twelfth Street
Second Avenue
St. Mark’s Place
Seret
Manchester
Fifth Street
Russell
Bellevue Hospital
Francelin Reglid Dies in New Rochelle Typhoid
Francis Reglid a noted whip and automobilist dies at his Avenel country mansion New Rochelle after a summer in Monte Carlo and a trip to War Harbor. Once an actor with Augustin Daly's company, he once used the stage name Dilger. His death follows a marriage decades earlier to Mrs Adle Ronalds widow of Thomas A Ronalds.
MENTIONED IN THIS ARTICLE
New York Times
New Rochelle
Franclyn Reglid
Adle Ronalds
Thomas
A. Ronalds
Avenel
Reglid
Monte Carlo
War Harbor
Augustin Daly
Dilger
West Side
New York
Hughes Appeals for Hoarding to Halt at Welsh Gathering
Utica December event features Governor Hughes speaking at the Fisteddfod session. He, with Col. Treadwell, is hosted by George E. Dunham of The Utica Press, urging mutual confidence over hoarding to lessen burdens and avoid isolated safety.
MENTIONED IN THIS ARTICLE
Utica
Eer Hughes
Col. Treadwell
George E. Dunham
Gov. Hughes
Banking Co. Not Bankrupt Judge Dismisses Petition
Judge Hough dismisses the bankruptcy petition filed March 28 against Austin Corbin and George Ed Gell doing business as the Corbin Banking Company of 192 Broadway. Creditors did not oppose. statements in the petition not proved. court dismissed petition and ruled they are bankrupts. Their assets were 3,204 with liabilities 3,560.
MENTIONED IN THIS ARTICLE
Hough
Austin Corbin and
George
Edgell
Corbin Banking Company
Broadway
Bny
Co"t
Customs ruling frees imported statuary for religious use
Judge Waite's decision sustains Evans Marble protest, granting free entry to marble statuary imported for the Catholic Cathedral Philadelphia and St Pauls Church Portsmouth. Duties 15 percent under reciprocity with Italy refunded. Other protests sustained and several claims overruled by the Board of United States General Appraisers.
MENTIONED IN THIS ARTICLE
Waite
Board of
United States General Appraisers
Evans Marble Company
Baltimore
Philadelphia
St. Paul's Episcopal Church
Portsmouth
Italy
Guthman, Sokimons & Co
Quan Yick Lung
F. A. Marsily & Co
Thomas Wilson & Co
New York
Theodore F. Koch
G. W. Sheiden & Co
Chicago
Leo Goodkind
The
McCarren Millinery Company
Kansas City
Kr. F. Downing & Co
Winston
Beak Fish Company
St. Paul
Receivers Honored for Devotion to Milliken Brothers
August Heckscher William L Ward and J Van Véchten Olcott received a resolution signed by the heads of the tan departments of the failed Milliken Brothers praising their devotion to the company's interests since taking office last June.
MENTIONED IN THIS ARTICLE
August Heckscher
William L. Ward
J. van Véchten Olcott
Milliken Brothers
Tan
Billiard Supplies and Repairs Ad Notes Low Prices
An old notice advertises billiard and pool tables for sale with lowest prices. It mentions setup at a bowling alley and offers supplies and repairs from a company established in 185. The address given is 105 Hast Yth S.
MENTIONED IN THIS ARTICLE
Decep's
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