Seaboard Lines May Seek Receivership to Protect Bonds
Reports indicate plans to appoint receivers for the Seaboard Railway with S Davies Warfield and Randolph Williams named as possible receivers. New York banks would take up due coupons, while committees of local bond holders led by Hambleton and Ramsay would guard interests in the three year and ten year Seaboard bonds and the general mortgage bonds amid anti railroad legislation and payment difficulties.
MENTIONED IN THIS ARTICLE
Virginia
S. Davies Warfield
Continental Trust Company
Ryan
Randolph Williams
John Skelton Williams
New York
Seaboard
Seaboard Securities
Seacard
Hambleton
Fred G. Boyce, Jr
Joh B. Ramsay
B. N. Baker
Seaboard Air Line's Growth and Control History
The Seaboard Air Line, formed in 1900, expanded from Richmond to Atlanta and Florida, owning several subsidiary lines and steamship interests. By 1906 its bonded debt reached 57.84 million with 12.78 million first golds due 1950, and an authorized 25 million preferred plus 87.5 million common stock, much issued. Wall Street attention focused on conflicts, including Ryan versus Williams and Middendorf in a long battle that ended with Williams' consolidating control by 1905.
MENTIONED IN THIS ARTICLE
Seaboard Air Line
Richmond, Petersburg & Carolina Railroad
Richmond
Atlanta
Jacksonville
Tampa
Fla
Atlantic, Suwanee River & Guilt Railroad
Seaboard & Roanoke Railroad
Roanoke & Tar River Railroad
Pennsylvania Railroad
New York
Philadelphia
Washington
South
Baltimore Steam Packet Company
Old Dominion Steamship Company
Baltimore
Norfolk
Portsmouth
Old Point Comfort
Virginia
North Carolina
General Morteige
A. Garrett
Douglas, Porteous
Norman_&. Meldrum
Townsend Scott
James H. Dooley
Wall Street
Thomas EF. Ryan
John Skelton Williams
Rh. Cu
Hoffman
Ryan
Gen. Gill
Mr. Ryan
Georgia Central
Pooling Committee
Middendorf & Oliver
Baltimore & Ohio
Williams
Alr. Williams
Middendorf
James A. Blair & Co
Syst
Seaboard Bond Coupon Payments Advertised by Banks
Blair & Co and Ladenburg Thalmann & Co print an advertisement in today's papers offering to pay holders of coupons on Seaboard bond obligations. New York bankers announce pending reorganization and payouts to mature coupon holders.
MENTIONED IN THIS ARTICLE
New York
Seaboard Air Line rail system coupons offered for cash
Bankers offer to buy overdue coupons and bonds from Seaboard Air Line and related companies. Offers cover first mortgage bonds from Seaboard Roanoke Raleigh & Gaston Georgia Carolina Northern and others plus Florida Central & Peninsular issues. Purchases valid until February 20 with transfers via Continental Trust Baltimore and Morton Trust.
MENTIONED IN THIS ARTICLE
Florida Central & Peninsular Railroad Company
First Consolidated
Florida West Shore Railway Company
Seaboard Air Line
Continental Trust Company
Baltimore
Morten Trust Company
Harriman Returns Home After New Year Stopover
Harriman arrived in the city late last night after spending New Year’s Day at Arden, New York. When asked about rumors Seaboard Airline might pass to him or be placed in receivership, he replied he knows nothing and will go straight home and to bed.
MENTIONED IN THIS ARTICLE
BE. H. Harriman
Citv
Arden
XN. Y
Seaboard
New York Dressmaker Faurote Takes Own Life
Mrs Faurote, a New York dressmaker who came here six weeks ago to visit a sister, died by suicide today. Despondent over recent business losses, she reportedly shot herself. Her name does not appear in the New York directory.
MENTIONED IN THIS ARTICLE
ST. John, N
Gelles Faurote
New York
Death of Brooklyn tile man C. B. Hotchkiss at 52
Charles B. Hotchkiss, a Brooklyn tile manufacturer, died suddenly in his office at 250 MeDonough Street. Cause was heart disease. He had recently faced financial losses in Wall Street speculation. age 52.
MENTIONED IN THIS ARTICLE
Charles ‘B. Hotchkiss
Vine
MeDonough Street
Brooklyn
Ik. W. Skerry
AeDonough Street
Ibngl
Hotchkiss
Ife
Hartford
Derby Desk Co. Sees Fire Loss Cut to Twenty Thousand
Derby Desk Company officers at 145 Fulton Street say police estimates of a $100,000 loss from the Peck Slip fire on Tuesday are exaggerated and that $20,000 would cover the damage.
MENTIONED IN THIS ARTICLE
Derby Desk Co
Derby Desk Company
Fulton Street
Peck
Governor's Race Law Sparks Debate Over Licensing
Governor Hughes proposes a state racing commission with three appointments for five years and a $5000 annual cap. The act would license race courses for running and steeplechases, regulate betting, and allow license revocation for noncompliance, amid questions about betting and public confidence in racing.
MENTIONED IN THIS ARTICLE
State Racing Commission
Jockey
Tobhey Club
Racing Commission
Itw
Racing Leaders Back Governor on Racing Law Reform
The Jockey Club head, unavailable in New York, and Westchester Racing Association officials defend Gov. Hughes idea to amend the racing law. Secretary H. G. Crickmore alone comments that bookmaking has no official link to racing bodies and that the sport is clean and healthy, urging lawmakers to consider the impact on employment and investment before voting.
MENTIONED IN THIS ARTICLE
Belmont
Jockey Club
Westchester Racing Association
New York
Gov. Hughes
H. G. Crickmore
Jockey Club and
New York State
Supreme Court
NO HARM IN RACING SOLEY
J Russell Soley former Assistant Secretary of the Navy now counsel for Empire City Racing Association defended racing against Gov Hughes attack. He cited his victory over the Jockey Club and State Racing Association securing racing dates for Empire City and argued the system benefits the state and rural counties with twelve years of executive legislative and court sanction.
MENTIONED IN THIS ARTICLE
J. Russell Soley
Navy
Empire Citi Racing Association
Gov. Hughes
Mr. Soley
Jockey Club
State Racing Association
Empire City
McCarren Criticizes PSC Over Bridge Crash Response
In Albany on January 1 Senator McCarren expresses disappointment that the governors message has no reference to the Public Service Commissions failure to address the bridge crash. He notes the crush remains and urges action after the commission was reestablished following the governors bridge visit.
MENTIONED IN THIS ARTICLE
New York Times
LBANY
Raines
McCarren
Public Service Commission
Pte
Closing of last gambling table near Denver noted
Denver authorities announce the closing of a Petersburg gambling house by order of District Attorney J W B Smith marking the end of gambling tables near Denver.
MENTIONED IN THIS ARTICLE
Denver
Col
Petersburg
J. W. B. Smith
Arapahoe County
First Session of Legislature Opens with Broad Bill Introduct
Unusual activity marks the opening of the New York Legislature with at least sixteen measures introduced in both Senate and Assembly. Senator Agnew proposes a constitutional amendment to raise the governor’s salary to 25000 dollars, while Senator McCarren seeks to repeal the Elsberg Rapid Transit act. Governor Hughes advances nominations, and party leaders shuffle committee posts as sessions begin.
MENTIONED IN THIS ARTICLE
Albany
Senate
Assembly
Agnew
New York
McCarren
Timothy L. Woodruff
Herbert Parsons
Woodruff
Raines
Codes
Hammond
Onondaga
Murphy
Kings
Merritt
Philips
Beverly Robinson
Committee On Rules
Page
Gov
Hughes
Abel E. Blackmar
Brooklyn
Supreme Court
Second
Willard Bartlett
Court of Appeals
Frank E. Perley
New Year Parade Highlights Costumed Dreaming in Philadelphia
In Broad Street 10,000 costumed revelers joined a New Year parade satirizing bankers, politicians, and industry. The procession mocked Roosevelt, the Navy, and trusts while featuring Teddy bears leading the President captive and a Rockefeller critique. Mayors, pirates, and varied figures drew cheers amid a colorful, satirical showcase.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
Momus
Broad Street
Pecreksts
Roosevelt
Reyburn
Parkway
Rockefeller
Ofl
Irish Bread Trust
Public notice on Al bright wind sign patent protection
SPECIAL NOTICE warns against infringements in the manufacture use or sale of the Al bright wind sign and promises prompt legal action. It also states no sign simulating theirs is authorized outside of their plan at 428 8 East Howard St Muncie Ind except in New York through Aero Sign Co 1276 Broadway New York City.
MENTIONED IN THIS ARTICLE
East Howard St
Muncie
Ind
New York
Aero Sign Company
New York City
National Guard Reorganization Bill Introduced in New York
A bill to reorganize the New York National Guard and Naval Militia in line with the U S Army under the Dick law of 1903 was placed in both houses. The Wainwright Commission report accompanies the measure urging compliance with Federal law to avoid financial burdens and reduced efficiency of the state force. Assembly member Wainwright notes the law must pass before January 21 when the Dick Bill takes effect.
MENTIONED IN THIS ARTICLE
Albany
N. Y
National Guard
Naval Militia
United States Army
Wainwright Commission
Tis Commission
New York
Congress
Wainwright
Westchester
Special Commission
McCall Defends Vote On Coney Island Five-Cent Fare
Senator McCall of Manhattan defends his last session vote on the Coney Island Five-Cent Fare bill. He introduced a measure to show he supports cheap rides while denying opposition claims. Assemblyman Wagner reintroduced the bill in the Assembly as McCall sought to advance his bill to third reading.
MENTIONED IN THIS ARTICLE
New York Times
Albany
Jan
McCall
Manhattan
McManus
Owens
Committee On Railroads
Senate
Coney Island
New York
New York City
Wagner
Wilcox
Auto collision in Central Park injures boy and wrecks two cars
Terrance Kego, 16, riding a bicycle, struck the Morgan car in Central Park after a busier East Drive congestion. He was revived and sent to a hospital by Deputy Commissioner Hanson. Nicholas Flood, 17, of the Bronx, was run down at Fifth Avenue and Sixty Fifth Street and treated at Presbyterian Hospital. A separate crash involved James L. Carney’s Broadway car and another vehicle, with owners blaming each other as magistrate action awaits.
MENTIONED IN THIS ARTICLE
Central Park
Terrance Kego
West 181St Street
J. Pierpont Morgan, Jr
Mr. Morgan
Charles Pollock
106Th Street
Nicholls Flood
Wallace Street
Bronx
Kenneth Lord
Christ Hoffman
Murderer Shipman Released Returns to Tombs for Trial
Henry Shipman, freed from Matteawan Asylum for the Insane, is brought to the Tombs as sane to stand trial for the 1887 killing of his landlady at 339 West Thirty fifth Street. Once wealthy, he inherited 100000 from his father and had another income from an uncle, but decades in exile left him penniless and weak. The jury had adjudged him insane, and he calls the asylum experience worse than a death sentence.
MENTIONED IN THIS ARTICLE
Henry Shipman
Matteawan
Shipman
West Thirty-fivet Street
Route disaster injures fifteen on Penetang express derailment
The southbound Penetang express on the Grand Trunk Railway derailed seven miles north of Barrie Ontario. The entire train except the locomotive slid down a forty foot embankment and rolled three times. A stove in the second car started a fire. Fifteen passengers were injured but all were removed to hospital with non serious injuries.
MENTIONED IN THIS ARTICLE
Barrie
Oat
Jon
Penetang
Grand Trunk Railway
Also Mentioned on This Page
Seaboard Air Line Railway
Eicad
Harriman
Eliza Faurote
St.John
C. B. Hotchkiss
Racing
Mr. Crickmore
Utilities Board
E. A. Merritt, Jr
Ways and Means
Senator Agnew
Puncture Society
Morgan Auto
Shipwn
Matteawan Asylum
Grand Trunk
Ehrlich. & Sond
Sixth Ave
15Th St
Broadway
B'way
Astor House
Nassau St
Ann St
Grand Rapids
Morris
SODA
Ale Wioin Carl H. Schultz
Madison Sq
Nineteenth Street
MEN
Cattaway
Canal St
Chambers St
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